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 | 18.59 | 15.83 | 22.14 | 16.23 | 19.04 | 24.14 | 34.99 | 20.48 | 34.50 | 41.99 | 58.83 | 29.14 |
| Expenses | 13.81 | 13.45 | 18.71 | 12.86 | 15.20 | 16.40 | 22.12 | 15.48 | 27.48 | 30.33 | 39.48 | 22.49 |
| Operating Profit | 4.78 | 2.38 | 3.43 | 3.37 | 3.84 | 7.74 | 12.87 | 5.00 | 7.02 | 11.66 | 19.35 | 6.65 |
| OPM % | 25.71% | 15.03% | 15.49% | 20.76% | 20.17% | 32.06% | 36.78% | 24.41% | 20.35% | 27.77% | 32.89% | 22.82% |
| Other Income | 0.39 | -0.36 | 0.03 | 0.01 | 0.27 | 0.08 | 0.03 | 0.10 | 1.33 | 0.27 | 3.89 | 2.05 |
| Interest | 0.02 | 0.02 | 0.04 | 0.01 | 0.03 | 0.02 | 0.03 | 0.09 | 0.19 | 0.13 | 1.48 | 1.47 |
| Depreciation | 0.15 | 0.20 | 0.16 | 0.17 | 0.17 | 0.17 | 0.14 | 0.25 | 0.26 | 0.37 | 1.13 | 1.18 |
| Profit before tax | 5.00 | 1.80 | 3.26 | 3.20 | 3.91 | 7.63 | 12.73 | 4.76 | 7.90 | 11.43 | 20.63 | 6.05 |
| Tax % | 26.40% | 41.11% | 17.18% | 26.25% | 23.27% | 24.51% | 33.23% | 35.92% | 23.29% | 33.33% | 7.22% | 33.06% |
| Net Profit | 3.68 | 1.06 | 2.69 | 2.35 | 3.00 | 5.76 | 8.50 | 3.04 | 6.06 | 7.62 | 19.14 | 4.05 |
| EPS in Rs | 1.13 | 2.86 | 1.84 | 2.34 | 4.50 | 5.93 | 2.12 | 4.23 | 5.27 | 13.24 | 2.78 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 23 | 31 | 26 | 67 | 94 | 156 | 164 |
| Expenses | 22 | 30 | 23 | 56 | 66 | 112 | 120 |
| Operating Profit | 1 | 0 | 3 | 12 | 28 | 44 | 45 |
| OPM % | 3.5% | 1.1% | 12% | 17% | 30% | 28% | 27% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 5 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 1 | 0 | 3 | 11 | 27 | 45 | 46 |
| Tax % | 27% | 50% | 27% | 24% | 29% | 20% | |
| Net Profit | 1 | 0 | 2 | 8 | 20 | 36 | 37 |
| EPS in Rs | 8.99 | 13.68 | 24.80 | 25.52 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 47% | 82% | 67% | ||
| Compounded Profit Growth | % | 126% | 160% | 82% | ||
| Stock Price CAGR | % | % | % | -28% | ||
| Return on Equity | % | 20% | 21% | 18% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 9 | 14 | 14 |
| Reserves | 8 | 8 | 10 | 13 | 157 | 209 |
| Borrowings | 1 | 1 | 1 | 1 | 2 | 75 |
| Other Liabilities | 9 | 9 | 11 | 19 | 34 | 39 |
| Total Liabilities | 20 | 20 | 24 | 43 | 207 | 338 |
| Fixed Assets | 1 | 1 | 1 | 4 | 10 | 59 |
| CWIP | 0 | 0 | 0 | 0 | 29 | 24 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 |
| Other Assets | 19 | 18 | 22 | 38 | 168 | 255 |
| Total Assets | 20 | 20 | 24 | 43 | 207 | 338 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1 | 2 | 0 | 0 | -91 | -38 |
| Cash from Investing Activity | -0 | -1 | -1 | -3 | -35 | -41 |
| Cash from Financing Activity | 0 | -0 | -0 | 4 | 129 | 88 |
| Net Cash Flow | -1 | 1 | -1 | 1 | 3 | 9 |
| Free Cash Flow | -2 | 1 | -1 | -3 | -127 | -84 |
| CFO/OP | -147% | 506% | 25% | 26% | -300% | -65% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 196 | 145 | 214 | 155 | 189 | 220 |
| Inventory Days | 22 | 8 | 21 | 8 | 15 | 14 |
| Days Payable | 150 | 122 | 186 | 110 | 167 | 118 |
| Cash Conversion Cycle | 68 | 31 | 48 | 53 | 37 | 117 |
| Working Capital Days | 130 | 80 | 126 | 83 | 471 | 310 |
| ROCE % | 2% | 25% | 61% | 28% | 20% |
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 60.75% | 60.75% | 60.75% | 54.25% | 54.25% | 53.18% | 53.54% | 53.54% | 53.54% | 52.08% |
| FIIs | 6.74% | 1.73% | 1.21% | 0.96% | 0.88% | 1.04% | 3.77% | 4.47% | 4.47% | 3.99% |
| DIIs | 7.17% | 0.06% | 0.87% | 1.47% | 1.67% | 1.89% | 0.37% | 0.37% | 0.37% | 0.56% |
| Public | 25.34% | 37.46% | 37.18% | 43.32% | 43.21% | 43.90% | 42.32% | 41.62% | 41.63% | 43.37% |
| No. of Shareholders | 1,444 | 1,126 | 1,417 | 1,541 | 1,979 | 2,095 | 2,008 | 2,004 | 2,263 | 2,244 |
Fundamentals
Market Cap₹ 641 Cr.
Current Price₹ 431
Stock P/E17.4
Book Value₹ 155
ROCE20.0 %
ROE18.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)67%
Compounded Profit Growth (TTM)82%
Standalone figures.
Valuation
Market capRs 650 Cr
Enterprise valueRs 650 Cr
P/E (TTM)17.63x
Price to book69.37x
Price to sales3.95x
EV / EBITDA12.45x
EV / EBIT13.19x
EV / sales3.95x
Price to cash flow384.59x
Earnings yield5.67%
Profitability
Operating margin (excl. other income)1.11%
Operating margin (incl. other income)1.76%
EBITDA margin31.75%
Pre-tax margin27.98%
Net profit margin22.42%
Net margin, latest quarter13.90%
ROE0.97%
ROCE2.37%
ROA0.45%
ROIC (approx.)263.25%
Tax rate50.00%
Other income / net worth2.13%
Growth
Sales growth (latest year)35.16%
Profit growth (latest year)-85.00%
Sales growth QoQ-50.47%
Profit growth QoQ-78.84%
Sales growth YoY (latest quarter)42.29%
Profit growth YoY (latest quarter)33.22%
Per share
EPS (TTM)Rs 24.79
EPS (latest year)Rs 0.82
EPS (latest quarter)Rs 2.72
Book value per shareRs 6.30
Sales per shareRs 110.59
Cash flow per shareRs 1.14
Free cash flow per shareRs -56.48
Efficiency
Asset turnover1.55x
Fixed asset turnover33.67x
Inventory turnover47.82x
Inventory days8 days
Debtor days145 days
Debtors turnover2.52x
Creditor days118 days
Cash conversion cycle117 days
Working capital days310 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.12x
Net debt / EBITDA-0.00x
Interest coverage15.07x
Owners' fund to total sources47.35%
Debt to assets5.91%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -84 Cr
FCFE (approx.: FCF + change in debt)Rs -84 Cr
Cash from ops / profit, 5 years-1.92x
Sales to cash flow18.13x
Statement figures
Net sales (TTM)Rs 164 Cr
Net sales (latest year)Rs 31 Cr
Sales (latest quarter)Rs 29 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 52 Cr
PBDT (TTM)Rs 49 Cr
Profit before tax (TTM)Rs 46 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 37 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 30 Cr
Total income (latest year)Rs 31 Cr
Share capitalRs 1 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 20 Cr
Net blockRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 12 Cr
InventoryRs 0 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)1.49
Ownership
Promoter holding52.08% (-1.10 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | ZTECH | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.8% | -2.8% | +4.6 pts |
| 1 month | -10.8% | -6.8% | -4.0 pts |
| 3 months | -30.4% | -7.6% | -22.8 pts |
| 6 months | -13.9% | +0.4% | -14.3 pts |
| 1 year | -26.6% | -9.9% | -16.7 pts |
| 2 years | +25.9% | -13.6% | +39.5 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was 48% of net profit over the last 2 years |
| look | Profit leans on other income Other income was 111% 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 ₹29 Cr +42.3% vs Jun 2025.
Net profit ₹4 Cr +33.2%.
Activity
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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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Z-Tech (India) Ltd?
Z-Tech (India) Ltd (ZTECH) has a market capitalisation of Rs 641 Cr. at the 2026-10-01 close.
What is the P/E ratio of Z-Tech (India) Ltd?
Z-Tech (India) Ltd trades at a P/E of 17.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Z-Tech (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Z-Tech (India) Ltd sales was Rs 29 Cr (+42.3% vs Jun 2025) and net profit was Rs 4 Cr.
What is the 52-week high and low of Z-Tech (India) Ltd?
The 52-week high is Rs 701.00 and the 52-week low is Rs 385.00.