Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 116.40 | 136.38 | 65.04 | 87.24 | 152.16 | 169.34 | 102.58 | 123.87 | 184.70 | 222.08 | 136.86 | 150.92 |
| Expenses | 112.19 | 130.32 | 57.49 | 82.25 | 146.49 | 157.49 | 92.13 | 117.29 | 174.32 | 212.95 | 135.29 | 144.09 |
| Operating Profit | 4.21 | 6.06 | 7.55 | 4.99 | 5.67 | 11.85 | 10.45 | 6.58 | 10.38 | 9.13 | 1.57 | 6.83 |
| OPM % | 3.62% | 4.44% | 11.61% | 5.72% | 3.73% | 7.00% | 10.19% | 5.31% | 5.62% | 4.11% | 1.15% | 4.53% |
| Other Income | 1.66 | 1.92 | 2.04 | 1.80 | 2.30 | 3.76 | 1.77 | 1.75 | 1.44 | 7.83 | 7.44 | 3.21 |
| Interest | 3.53 | 3.22 | 3.61 | 4.03 | 4.92 | 7.80 | 5.34 | 4.68 | 6.02 | 5.53 | 5.11 | 5.44 |
| Depreciation | 1.28 | 1.27 | 1.18 | 1.87 | 0.69 | 1.45 | 1.46 | 1.27 | 1.30 | 1.28 | 1.32 | 1.54 |
| Profit before tax | 1.06 | 3.49 | 4.80 | 0.89 | 2.36 | 6.36 | 5.42 | 2.38 | 4.50 | 10.15 | 2.58 | 3.06 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.71% | 33.33% | 25.71% | 21.32% | 29.74% |
| Net Profit | 1.06 | 3.49 | 4.80 | 0.90 | 2.35 | 6.36 | 5.42 | 1.54 | 3.00 | 7.53 | 2.04 | 2.15 |
| EPS in Rs | 0.08 | 0.28 | 0.38 | 0.07 | 0.19 | 0.50 | 0.43 | 0.12 | 0.24 | 0.60 | 0.16 | 0.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 121 | 175 | 178 | 232 | 239 | 296 | 342 | 362 | 398 | 511 | 668 | 695 |
| Expenses | 112 | 165 | 156 | 210 | 225 | 277 | 326 | 343 | 376 | 478 | 640 | 667 |
| Operating Profit | 9 | 9 | 21 | 22 | 14 | 19 | 16 | 19 | 21 | 33 | 28 | 28 |
| OPM % | 7% | 5% | 12% | 9% | 6% | 7% | 4.5% | 5% | 5% | 6% | 4.2% | 4.0% |
| Other Income | 0 | 0 | 2 | 6 | 11 | 5 | 8 | 8 | 8 | 10 | 18 | 20 |
| Interest | 5 | 4 | 9 | 10 | 12 | 13 | 10 | 14 | 14 | 22 | 21 | 22 |
| Depreciation | 3 | 2 | 8 | 8 | 7 | 7 | 6 | 5 | 5 | 6 | 5 | 5 |
| Profit before tax | 2 | 3 | 6 | 9 | 6 | 5 | 7 | 8 | 10 | 15 | 20 | 20 |
| Tax % | 2% | 35% | 32% | 20% | 12% | 16% | 20% | 14% | 19% | 32% | 28% | |
| Net Profit | 2 | 2 | 4 | 8 | 5 | 4 | 6 | 7 | 8 | 10 | 14 | 15 |
| EPS in Rs | 0.21 | 0.14 | 0.33 | 0.59 | 0.42 | 0.34 | 0.46 | 0.56 | 0.66 | 0.80 | 1.12 | 1.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 19% | 18% | 23% | 27% | ||
| Compounded Profit Growth | 22% | 27% | 26% | -6% | ||
| Stock Price CAGR | 6% | 6% | 12% | 4% | ||
| Return on Equity | 11% | 12% | 13% | 15% |
| 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 | 3 | 3 | 4 | 4 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 16 | 18 | 33 | 37 | 36 | 41 | 45 | 51 | 58 | 66 | 77 | 91 |
| Borrowings | 40 | 38 | 49 | 85 | 83 | 88 | 119 | 127 | 131 | 157 | 172 | 186 |
| Other Liabilities | 4 | 5 | 12 | 17 | 46 | 69 | 88 | 34 | 68 | 59 | 70 | 51 |
| Total Liabilities | 63 | 65 | 98 | 143 | 178 | 211 | 266 | 225 | 270 | 295 | 331 | 341 |
| Fixed Assets | 14 | 13 | 13 | 53 | 46 | 40 | 40 | 37 | 34 | 36 | 38 | 38 |
| CWIP | 7 | 12 | 38 | 0 | 3 | 5 | 0 | 0 | 0 | 4 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 42 | 39 | 47 | 89 | 129 | 165 | 226 | 187 | 235 | 255 | 293 | 302 |
| Total Assets | 63 | 65 | 98 | 143 | 178 | 211 | 266 | 225 | 270 | 295 | 331 | 341 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 28 | -1 | 7 | -17 | 14 | 16 | 7 | -5 | 24 | 25 | 25 | 35 |
| Cash from Investing Activity | -12 | -8 | -29 | -11 | -4 | -2 | -0 | -2 | -2 | -10 | -10 | -3 |
| Cash from Financing Activity | -5 | -2 | 23 | 29 | -12 | -13 | -7 | 2 | -22 | -11 | -11 | -36 |
| Net Cash Flow | 11 | -11 | 1 | 2 | -2 | 1 | 0 | -4 | -0 | 4 | 4 | -4 |
| Free Cash Flow | 16 | -9 | -22 | -28 | 10 | 13 | 6 | -7 | 22 | 14 | 14 | 31 |
| CFO/OP | 281% | -9% | 83% | -75% | 77% | 131% | 37% | -24% | 134% | 126% | 81% | 143% |
| 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 | 47 | 81 | 67 | 83 | 91 | 96 | 112 | 53 | 66 | 77 | 73 | 56 |
| Inventory Days | 2 | 8 | 5 | 94 | 852 | 178 | 152 | 180 | 158 | 136 | 104 | |
| Days Payable | 5 | 16 | 23 | 32 | 615 | 129 | 42 | 75 | 61 | 47 | 24 | |
| Cash Conversion Cycle | 43 | 73 | 48 | 145 | 329 | 96 | 161 | 164 | 172 | 174 | 162 | 136 |
| Working Capital Days | -24 | -6 | -2 | -6 | 20 | 29 | 43 | 65 | 57 | 54 | 43 | 35 |
| ROCE % | 19% | 11% | 10% | 14% | 15% | 13% | 11% | 10% | 11% | 11% | 15% | 15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
| Public | 31.58% | 31.59% | 31.58% | 31.57% | 31.59% | 31.58% | 31.58% | 31.59% | 31.59% | 31.57% | 31.58% | 31.53% |
| No. of Shareholders | 23,731 | 23,816 | 29,011 | 29,658 | 34,998 | 35,218 | 34,947 | 33,970 | 33,366 | 32,913 | 32,656 | 31,660 |
Fundamentals
Market Cap₹ 132 Cr.
Current Price₹ 10.5
Stock P/E8.96
Book Value₹ 8.19
ROCE14.9 %
ROE14.7 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)27%
Compounded Profit Growth (TTM)-6%
Standalone figures.
Valuation
Market capRs 130 Cr
Enterprise valueRs 315 Cr
P/E (TTM)8.85x
Price to book1.26x
Price to sales0.19x
EV / EBITDA6.60x
EV / EBIT7.44x
EV / sales0.45x
Price to cash flow3.76x
Earnings yield11.30%
P/E, 3-year average13.55x
P/B, 3-year average1.56x
P/E, 5-year average13.93x
P/B, 5-year average1.48x
Profitability
Operating margin (excl. other income)4.15%
Operating margin (incl. other income)6.91%
EBITDA margin6.89%
Pre-tax margin2.92%
Net profit margin2.12%
Net margin, latest quarter1.42%
ROE14.67%
ROCE14.89%
ROA4.20%
ROE, 3-year average12.56%
ROCE, 3-year average13.62%
ROA, 3-year average3.45%
ROE, 5-year average11.52%
ROCE, 5-year average12.32%
ROA, 5-year average3.11%
ROIC (approx.)10.56%
Tax rate28.10%
Other income / net worth17.87%
Growth
Sales growth (latest year)30.55%
Profit growth (latest year)40.26%
Sales CAGR, 3 years22.61%
Sales CAGR, 5 years17.65%
Profit CAGR, 3 years26.02%
Profit CAGR, 5 years27.12%
Sales growth QoQ10.27%
Profit growth QoQ5.39%
Sales growth YoY (latest quarter)21.84%
Profit growth YoY (latest quarter)39.61%
Per share
EPS (TTM)Rs 1.17
EPS (latest year)Rs 1.12
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs 0.86
EPS, 5-year averageRs 0.72
Book value per shareRs 8.19
Sales per shareRs 55.09
Cash flow per shareRs 2.74
Free cash flow per shareRs 2.46
Efficiency
Asset turnover1.96x
Fixed asset turnover17.40x
Inventory turnover3.70x
Inventory days99 days
Debtor days56 days
Debtors turnover6.48x
Creditor days24 days
Cash conversion cycle136 days
Working capital days35 days
Leverage
Total debtRs 186 Cr
Cash and bankRs 1 Cr
Net debtRs 185 Cr
Debt to equity1.80x
Net debt / EBITDA3.87x
Interest coverage1.92x
Owners' fund to total sources30.31%
Debt to assets54.65%
Cash flow
Cash from Operating Activity (latest year)Rs 35 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -36 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 31 Cr
FCFE (approx.: FCF + change in debt)Rs 46 Cr
Cash from ops / profit, 5 years2.31x
Sales to cash flow19.29x
Statement figures
Net sales (TTM)Rs 695 Cr
Net sales (latest year)Rs 668 Cr
Sales (latest quarter)Rs 151 Cr
Operating profit excl. other income (latest year)Rs 28 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 48 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 20 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 15 Cr
Net profit (latest year)Rs 14 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 611 Cr
Total expenditure (latest year)Rs 640 Cr
Total income (latest year)Rs 686 Cr
Share capitalRs 13 Cr
ReservesRs 91 Cr
Shareholders' fundsRs 103 Cr
Total assetsRs 341 Cr
Net blockRs 38 Cr
InvestmentsRs 0 Cr
ReceivablesRs 103 Cr
InventoryRs 165 Cr
Other liabilitiesRs 51 Cr
Shares outstanding (crore)12.61
Ownership
Promoter holding68.42% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.8 is at the 7th percentile of its own 9.4-year range
(median 16.6, low 7.4, high 138.9).
P/B 1.26 is at the 2th percentile (median 1.79).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 539963 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.9% | -2.8% | +1.9 pts |
| 1 month | -6.1% | -6.8% | +0.7 pts |
| 3 months | -13.1% | -7.6% | -5.5 pts |
| 3 years | +38.5% | +14.2% | +24.3 pts |
| 5 years | +30.6% | +27.9% | +2.7 pts |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 94% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹151 Cr +21.8% vs Jun 2025.
Net profit ₹2 Cr +39.6%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Apex Frozen Foods Ltd | 1,070 | 21.6 | 10.4 % |
| Sharat Industries Ltd | 626 | 37.2 | 12.9 % |
| Coastal Corporation Ltd | 238 | 7.39 | 9.64 % |
| Waterbase Ltd | 195 | -7.35 % | |
| Kings Infra Ventures Ltd | 177 | 11.8 | 19.8 % |
| Essex Marine Ltd | 76 | 12.0 | 20.3 % |
| NCC Blue Water Products Ltd | 19 | 62.5 | 2.88 % |
| Uniroyal Marine Exports Ltd | 11 | 11.0 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Zeal Aqua Ltd?
Zeal Aqua Ltd (539963) has a market capitalisation of Rs 132 Cr. at the 2026-10-01 close.
What is the P/E ratio of Zeal Aqua Ltd?
Zeal Aqua Ltd trades at a P/E of 8.96 on trailing twelve-month profit, at the 2026-10-01 close.
What were Zeal Aqua Ltd's latest quarterly results?
In the Jun 2026 quarter, Zeal Aqua Ltd sales was Rs 151 Cr (+21.8% vs Jun 2025) and net profit was Rs 2 Cr.