Zodiac Energy Ltd

Zodiac Energy Ltd

₹ 311 2.00%
23 Feb - close price
About

Incorporated in 1992, Zodiac Energy Ltd is in the business of installing Solar Power Generation Plant[1]

Key Points

Business Overview:[1][2]
ZEL is an Energy Solution Provider based in Ahmedabad. Company uses solar energy to provide turnkey solutions from concept to commissioning power companies. It does Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in:
a) Residential rooftop
b) Commercial & Industrial rooftop
c) Ground Mounted Captive Projects
Company has served 10,000+ customers and installed more than 100,000 KW Rooftop solar power plants up to FY22

  • Market Cap 456 Cr.
  • Current Price 311
  • High / Low 340 / 85.0
  • Stock P/E 66.4
  • Book Value 26.2
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 8.90 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 11.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 90.0 to 110 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.42 41.63 21.89 45.17 19.69 56.23 24.11 26.49 24.95 62.10 32.10 34.41 46.92
13.33 37.74 21.83 41.40 18.31 52.81 25.03 24.08 22.55 58.49 30.04 31.39 41.87
Operating Profit 1.09 3.89 0.06 3.77 1.38 3.42 -0.92 2.41 2.40 3.61 2.06 3.02 5.05
OPM % 7.56% 9.34% 0.27% 8.35% 7.01% 6.08% -3.82% 9.10% 9.62% 5.81% 6.42% 8.78% 10.76%
0.04 0.19 0.01 0.11 0.43 0.58 0.40 0.21 0.07 0.15 0.45 0.04 0.18
Interest 0.38 0.25 0.28 0.35 0.36 0.61 0.51 0.65 0.90 1.12 1.17 1.14 0.91
Depreciation 0.14 0.12 0.14 0.14 0.15 0.18 0.19 0.19 0.20 0.20 0.19 0.19 0.20
Profit before tax 0.61 3.71 -0.35 3.39 1.30 3.21 -1.22 1.78 1.37 2.44 1.15 1.73 4.12
Tax % 31.15% 29.38% 5.71% 21.53% 13.08% 40.81% 0.82% 8.43% 16.79% 34.02% 28.70% 14.45% 28.64%
0.43 2.62 -0.32 2.66 1.12 1.90 -1.21 1.64 1.14 1.61 0.82 1.48 2.95
EPS in Rs 0.29 1.79 -0.22 1.82 0.77 1.30 -0.83 1.12 0.78 1.10 0.56 1.01 2.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6 9 10 9 9 17 38 63 68 100 143 138 176
6 9 9 8 9 16 35 58 63 93 134 130 162
Operating Profit 0 0 0 0 1 1 3 5 5 7 9 8 14
OPM % 3% 4% 4% 4% 6% 5% 8% 8% 7% 7% 6% 5% 8%
0 0 0 0 0 0 0 0 0 0 1 1 1
Interest 0 0 0 0 0 0 0 0 1 1 2 3 4
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 0 0 0 0 0 0 3 5 4 6 8 4 9
Tax % 28% 55% 31% 17% 31% 31% 27% 31% 30% 26% 28% 27%
0 0 0 0 0 0 2 3 3 4 5 3 7
EPS in Rs 0.72 0.50 0.61 0.28 0.61 1.39 1.37 2.12 2.05 3.02 3.73 2.18 4.69
Dividend Payout % 34% 24% 20% 44% 0% 0% 0% 59% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 32%
5 Years: 29%
3 Years: 26%
TTM: 33%
Compounded Profit Growth
10 Years: 42%
5 Years: 9%
3 Years: 1%
TTM: 98%
Stock Price CAGR
10 Years: %
5 Years: 101%
3 Years: 187%
1 Year: 210%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 14%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 1 7 7 7 15 15 15 15
Reserves 0 0 0 0 0 1 10 13 16 13 18 21 24
2 2 3 3 3 4 1 4 6 13 18 46 39
1 0 3 2 1 3 3 4 14 16 28 13 15
Total Liabilities 4 3 7 7 6 8 21 28 43 56 79 95 92
0 0 1 1 1 0 1 0 1 2 3 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
4 3 7 6 5 7 20 28 43 53 76 92 89
Total Assets 4 3 7 7 6 8 21 28 43 56 79 95 92

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 -0 -8 -6 -0 -4 2 -23
0 0 -1 1 -1 -2 -4 -3
0 0 11 3 1 6 3 25
Net Cash Flow 0 0 2 -2 0 0 1 -1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 159 51 195 206 133 108 100 102 136 83 78 110
Inventory Days 64 59 49 69 41 54 44 77 82 88 52
Days Payable 1 148 96 49 35 10 12 30 45 59 14
Cash Conversion Cycle 159 114 106 159 153 113 144 134 183 120 106 148
Working Capital Days 163 108 122 159 137 87 135 133 144 130 104 162
ROCE % 6% 10% 9% 6% 12% 16% 26% 23% 19% 20% 20% 11%

Shareholding Pattern

Numbers in percentages

Oct 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.44% 72.44% 72.79% 72.84% 72.85% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86%
27.57% 27.57% 27.20% 27.16% 27.15% 27.14% 27.15% 27.14% 27.15% 27.14% 27.14% 27.14%
No. of Shareholders 4764564254515,89910,65615,93219,14620,98024,84025,36826,569

Documents