Z-Tech (India) Ltd
Incorporated in 1994, Z-Tech (India) Ltd is in the business of design, development, and operations of theme-based city parks, industrial waste water management, and specialized geotechnical solutions[1]
- Market Cap ₹ 801 Cr.
- Current Price ₹ 559
- High / Low ₹ 731 / 326
- Stock P/E 34.3
- Book Value ₹ 126
- Dividend Yield 0.00 %
- ROCE 28.1 %
- ROE 20.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.07%
- Company has high debtors of 189 days.
- Working capital days have increased from 227 days to 471 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.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 23 | 31 | 26 | 67 | 94 | 114 | |
| 22 | 30 | 23 | 56 | 66 | 81 | |
| Operating Profit | 1 | 0 | 3 | 12 | 28 | 33 |
| OPM % | 3% | 1% | 12% | 17% | 30% | 29% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 3 | 11 | 27 | 33 |
| Tax % | 27% | 50% | 27% | 24% | 29% | |
| 1 | 0 | 2 | 8 | 20 | 23 | |
| EPS in Rs | 8.99 | 13.68 | 16.78 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 525% |
| TTM: | 157% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 9 | 14 | 14 |
| Reserves | 8 | 8 | 10 | 13 | 157 | 166 |
| 1 | 1 | 1 | 1 | 2 | 4 | |
| 9 | 9 | 11 | 19 | 34 | 26 | |
| Total Liabilities | 20 | 20 | 24 | 43 | 207 | 211 |
| 1 | 1 | 1 | 4 | 10 | 10 | |
| CWIP | 0 | 0 | 0 | 0 | 29 | 34 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 |
| 19 | 18 | 22 | 38 | 168 | 167 | |
| Total Assets | 20 | 20 | 24 | 43 | 207 | 211 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -1 | 2 | 0 | 0 | -91 | |
| -0 | -1 | -1 | -3 | -35 | |
| 0 | -0 | -0 | 4 | 129 | |
| Net Cash Flow | -1 | 1 | -1 | 1 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 196 | 145 | 214 | 155 | 189 |
| Inventory Days | 22 | 8 | 21 | 8 | 15 |
| Days Payable | 150 | 122 | 186 | 110 | 167 |
| Cash Conversion Cycle | 68 | 31 | 48 | 53 | 37 |
| Working Capital Days | 130 | 80 | 126 | 83 | 471 |
| ROCE % | 2% | 25% | 61% | 28% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
11 November 2025 - Audio recording of November 11, 2025 earnings call now available on company's website (financial-results page).
-
Investor Presentation
11 November 2025 - Investor presentation (11 Nov 2025); announces private placement to raise ₹100 crore; NSE Emerge listing.
-
Outcome of Board Meeting
10 November 2025 - Board approved standalone unaudited Q2/H1 results ended Sep 30, 2025; trading window opens after 48 hours.
-
Outcome of Board Meeting
10 November 2025 - Approved unaudited standalone results for quarter and half year ended Sep 30, 2025; limited review attached.
-
Analysts/Institutional Investor Meet/Con. Call Updates
7 November 2025 - Earnings conference call on 11 Nov 2025 at 3:00 PM IST for Q2 and H1 FY26.
Annual reports
Concalls
-
Nov 2025TranscriptNotesPPT
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Feb 2025TranscriptNotesPPT
-
Dec 2024Transcript PPT REC
-
Aug 2024Transcript PPT REC
Business Verticals:[1][2][3]
a) Sustainable Theme Park Development:
6 urban green nests developed; 5,000+ tonnes of waste reclaimed and repurposed.
b) Industrial Waste Water Management:
Uses proprietary GEIST tech for chemical recovery from wastewater; 6+ clients; 517+ mn gallons recycled.
c) Geo Technical Specialized Solutions:
Offers EPC & O\&M services for soil and rock mechanics challenges.