Zodiac Energy Ltd

Zodiac Energy Ltd

₹ 723 -2.00%
12 Jul - 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 1,060 Cr.
  • Current Price 723
  • High / Low 816 / 115
  • Stock P/E 96.6
  • Book Value 32.5
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE 26.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.6% CAGR over last 5 years
  • Company's median sales growth is 42.4% of last 10 years

Cons

  • Stock is trading at 22.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
41.63 21.89 45.17 19.69 56.23 24.11 26.49 24.95 62.10 32.10 34.41 46.92 106.63
37.74 21.83 41.40 18.31 52.81 25.03 24.08 22.55 58.49 30.04 31.39 41.87 97.81
Operating Profit 3.89 0.06 3.77 1.38 3.42 -0.92 2.41 2.40 3.61 2.06 3.02 5.05 8.82
OPM % 9.34% 0.27% 8.35% 7.01% 6.08% -3.82% 9.10% 9.62% 5.81% 6.42% 8.78% 10.76% 8.27%
0.19 0.01 0.11 0.43 0.58 0.40 0.21 0.07 0.15 0.45 0.04 0.18 0.30
Interest 0.25 0.28 0.35 0.36 0.61 0.51 0.65 0.90 1.12 1.17 1.14 0.91 1.19
Depreciation 0.12 0.14 0.14 0.15 0.18 0.19 0.19 0.20 0.20 0.19 0.19 0.20 0.20
Profit before tax 3.71 -0.35 3.39 1.30 3.21 -1.22 1.78 1.37 2.44 1.15 1.73 4.12 7.73
Tax % 29.38% 5.71% 21.53% 13.08% 40.81% 0.82% 8.43% 16.79% 34.02% 28.70% 14.45% 28.64% 26.39%
2.62 -0.32 2.66 1.12 1.90 -1.21 1.64 1.14 1.61 0.82 1.48 2.95 5.69
EPS in Rs 1.79 -0.22 1.82 0.77 1.30 -0.83 1.12 0.78 1.10 0.56 1.01 2.02 3.89
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 10 9 9 17 38 63 68 100 143 138 220
9 9 8 9 16 35 58 63 93 134 130 201
Operating Profit 0 0 0 1 1 3 5 5 7 9 8 19
OPM % 4% 4% 4% 6% 5% 8% 8% 7% 7% 6% 5% 9%
0 0 0 0 0 0 0 0 0 1 1 1
Interest 0 0 0 0 0 0 0 1 1 2 3 4
Depreciation 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 0 0 0 0 0 3 5 4 6 8 4 15
Tax % 55% 31% 17% 31% 31% 27% 31% 30% 26% 28% 27% 26%
0 0 0 0 0 2 3 3 4 5 3 11
EPS in Rs 0.50 0.61 0.28 0.61 1.39 1.37 2.12 2.05 3.02 3.73 2.18 7.50
Dividend Payout % 24% 20% 44% 0% 0% 0% 59% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 37%
5 Years: 28%
3 Years: 30%
TTM: 60%
Compounded Profit Growth
10 Years: 58%
5 Years: 29%
3 Years: 35%
TTM: 257%
Stock Price CAGR
10 Years: %
5 Years: 125%
3 Years: 243%
1 Year: 483%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 18%
Last Year: 26%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 1 1 7 7 7 15 15 15 15
Reserves 0 0 0 0 1 10 13 16 13 18 21 33
2 3 3 3 4 1 4 6 13 18 46 40
0 3 2 1 3 3 4 14 16 28 13 28
Total Liabilities 3 7 7 6 8 21 28 43 56 79 95 116
0 1 1 1 0 1 0 1 2 3 3 4
CWIP 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
3 7 6 5 7 20 28 43 53 76 92 111
Total Assets 3 7 7 6 8 21 28 43 56 79 95 116

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -8 -6 -0 -4 2 -23 16
0 -1 1 -1 -2 -4 -3 -5
0 11 3 1 6 3 25 -10
Net Cash Flow 0 2 -2 0 0 1 -1 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 51 195 206 133 108 100 102 136 83 78 110 120
Inventory Days 64 59 49 69 41 54 44 77 82 88 52 28
Days Payable 1 148 96 49 35 10 12 30 45 59 14 29
Cash Conversion Cycle 114 106 159 153 113 144 134 183 120 106 148 119
Working Capital Days 108 122 159 137 87 135 133 144 130 104 162 105
ROCE % 10% 9% 6% 12% 16% 26% 23% 19% 20% 20% 11% 23%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.44% 72.79% 72.84% 72.85% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.86% 72.87%
27.57% 27.20% 27.16% 27.15% 27.14% 27.15% 27.14% 27.15% 27.14% 27.14% 27.14% 27.14%
No. of Shareholders 4564254515,89910,65615,93219,14620,98024,84025,36826,56930,059

Documents