Zodiac Energy Ltd

Zodiac Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Zodiac Energy Ltd

₹ 281 -2.16%
19 Jun - close price
zodiacenergy.com BSE: 543416 NSE: ZODIAC
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

Website BSE NSE - BE
  • Market Cap ₹ 425 Cr.
  • Current Price ₹ 281
  • High / Low ₹ 507 / 204
  • Stock P/E 20.2
  • Book Value ₹ 77.3
  • Dividend Yield 0.27 %
  • ROCE 15.9 %
  • ROE 19.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 36.7% CAGR over last 5 years
  • Company's median sales growth is 53.5% of last 10 years
  • Company's working capital requirements have reduced from 53.4 days to 23.0 days

Cons

* 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.

Peer comparison

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Part of BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
62 32 34 47 107 79 53 104 171 98 97 138 211
58 30 31 42 98 75 48 94 154 88 86 124 189
Operating Profit 4 2 3 5 9 4 5 10 18 10 10 14 22
OPM % 6% 6% 9% 11% 8% 5% 9% 10% 10% 10% 11% 10% 10%
0 0 0 0 0 0 0 0 1 0 0 1 1
Interest 1 1 1 1 1 1 1 3 4 4 4 4 5
Depreciation 0 0 0 0 0 0 0 1 2 2 3 3 3
Profit before tax 2 1 2 4 8 3 4 8 13 4 4 7 15
Tax % 34% 29% 14% 29% 26% 27% 34% 25% 27% 26% 24% 28% 29%
2 1 1 3 6 2 2 6 9 3 3 5 11
EPS in Rs 1.10 0.56 1.01 2.02 3.89 1.59 1.65 3.78 6.25 1.78 1.77 3.36 7.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
9 9 17 38 63 68 100 143 138 220 408 544
8 9 16 35 58 63 93 134 130 201 371 488
Operating Profit 0 1 1 3 5 5 7 9 8 19 37 56
OPM % 4% 6% 5% 8% 8% 7% 7% 6% 5% 9% 9% 10%
0 0 0 0 0 0 0 1 1 1 2 2
Interest 0 0 0 0 0 1 1 2 3 4 9 19
Depreciation 0 0 0 0 0 0 0 1 1 1 3 10
Profit before tax 0 0 0 3 5 4 6 8 4 15 28 29
Tax % 17% 31% 31% 27% 31% 30% 26% 28% 27% 26% 27% 28%
0 0 0 2 3 3 4 5 3 11 20 21
EPS in Rs 0.28 0.61 1.39 1.37 2.12 2.05 3.02 3.73 2.18 7.50 13.23 13.93
Dividend Payout % 44% 0% 0% 0% 59% 0% 0% 0% 0% 0% 6% 5%
Compounded Sales Growth
10 Years: 50%
5 Years: 40%
3 Years: 58%
TTM: 33%
Compounded Profit Growth
10 Years: 69%
5 Years: 37%
3 Years: 90%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: 76%
3 Years: 28%
1 Year: -40%
Return on Equity
10 Years: 20%
5 Years: 21%
3 Years: 23%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.88 0.88 0.88 7 7 7 15 15 15 15 15 15
Reserves 0 0 1 10 13 16 13 18 21 33 81 102
3 3 4 1 4 6 13 18 46 41 175 217
2 1 3 3 4 14 16 28 13 27 31 151
Total Liabilities 7 6 8 21 28 43 56 79 95 116 302 485
1 1 0 1 0 1 2 3 3 4 92 128
CWIP 0 0 0 0 0 0 0 0 0 0 7 1
Investments 0 0 0 0 0 0 0 0 0 0 0 18
6 5 7 20 28 43 53 76 92 111 203 338
Total Assets 7 6 8 21 28 43 56 79 95 116 302 485

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 -8 -6 -0 -4 2 -23 16 -49 48
0 -1 1 -1 -2 -4 -3 -5 -105 -59
0 11 3 1 6 3 25 -10 153 23
Net Cash Flow 0 2 -2 0 0 1 -1 1 0 11
Free Cash Flow -0 -8 -5 -0 -5 1 -23 14 -147 8
CFO/OP -6% -248% -98% 26% -35% 41% -280% 103% -120% 88%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 206 133 108 100 102 136 83 78 110 130 51 76
Inventory Days 49 69 41 54 44 77 82 88 52 28 56 110
Days Payable 96 49 35 10 12 30 45 59 14 29 11 41
Cash Conversion Cycle 159 153 113 144 134 183 120 106 148 129 96 145
Working Capital Days 86 111 18 131 109 113 88 82 67 72 65 23
ROCE % 6% 12% 16% 26% 23% 19% 20% 20% 11% 22% 20% 16%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Cumulative Solar Installation Track Record
MW

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Number of Clients
Numbers
Total Workforce
Numbers
Number of C&I Projects Executed
Numbers
Overall Orderbook
INR Crores
IPP Installed Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.86% 72.86% 72.86% 72.87% 72.73% 70.01% 70.01% 70.01% 69.89% 69.89% 69.91% 69.97%
0.00% 0.00% 0.00% 0.00% 0.00% 1.46% 1.32% 0.91% 0.54% 0.54% 0.33% 0.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.59% 0.56% 0.56% 0.34% 0.34% 0.34% 0.20%
27.14% 27.14% 27.14% 27.14% 27.27% 27.93% 28.11% 28.52% 29.22% 29.22% 29.42% 29.68%
No. of Shareholders 24,84025,36826,56930,05931,85937,42040,22941,64141,70839,59138,12036,867

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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