ZODIACIndustrials

Zodiac Energy Limited

Civil Construction · ISIN INE761Y01019 · BSE 543416 · NSE EQ · FV ₹10
Last price
₹205
-1.78%today
What this company does

Zodiac Energy Limited operates in Civil Construction, part of the Industrials sector. It booked ₹166 cr of revenue in its latest quarter (Q2 FY27) and kept 5.5% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 61–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
50

At close. Not part of the score.

Profitability & returns79

How much profit it earns on the money it employs

Balance sheet22

How much it owes, and whether earnings cover the interest

Cash quality52

Whether reported profit actually arrives as cash

Valuation71

What today's price implies, against our models or its peers

Governance & risk70

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 72% vs last year
✓ Profit up 242% vs last year
✓ Promoters hold 70%
✓ Strong 28% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 5.5% net margin
! 16.9% of promoter stake pledged
! Carries high debt (D/E 1.4)

What if I invest in ZODIAC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹205▼ -1.78%
latest close · 2026-11-04
1-year return
+613.7%
52-wk low ₹2152-wk high ₹295
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.6Low
LowAverageHigh
P/B ratio2.33Moderate
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.5%Strong
WeakFairStrong ▸15%
Return on capital26.1%Strong
WeakFairStrong
Net margin5.5%Decent
ThinDecentStrong
EBITDA margin12.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.41High
LowModerateHigh ▸1
Interest cover3.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.46Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹310 cr
Book value
₹88
EPS
₹5.92
latest quarter
Net debt
₹184 cr
owes more than its cash
Enterprise value
₹495 cr
EBITDA
₹80 cr
annualised
EBIT
₹67 cr
annualised
Operating margin
10.1%
Return on assets
9.0%
Earnings yield
11.56%
P/S
0.47
Sales / share
₹438.9
Tax rate
20.9%
Face value
₹10
Shares
1.5 cr
Working capital
₹69 cr
Current assets
₹217 cr
Current liabilities
₹148 cr
Delivery %
57.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹123–₹123, midpoint ₹123

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹166 cr
Other Income₹83 L
Total Income₹167 cr
Cost of Materials₹134 cr
Purchases of Stock-in-Trade₹4 cr
Employee Benefit Expense₹4 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹4 cr
Total Expenses₹155 cr
Profit before Tax₹12 cr
Tax Expense₹2 cr
Net Profit₹9 cr
Net margin on total income5.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹139 cr83.0%
Employee benefit expense₹4 cr2.5%
Finance costs₹5 cr3.1%
Depreciation & amortisation₹3 cr2.0%
Other expenses₹4 cr2.5%
Tax expense₹2 cr1.5%
Profit for the period₹9 cr5.5%
Total income ₹167 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue211 cr142 cr166 cr
Total income213 cr143 cr167 cr
Expenses198 cr133 cr155 cr
Profit before tax15 cr10 cr12 cr
Tax4 cr3 cr2 cr
Net profit (owners' share)11 cr7 cr9 cr
Net margin (owners' share, on revenue)5.0%5.0%5.5%
EPS (₹)7.024.575.92
YoY (latest quarter): total income +72.1% · net profit +241.6%
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹405 cr
Shareholder equity
₹133 cr
parent shareholders
Total debt
₹190 cr
Cash
₹6 cr
Cash flow · H1 FY27
Operating
₹77 cr
Investing
₹-38 cr
Financing
₹-46 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,948₹5.43 L cr26.1
Rail Vikas Nigam Limited₹184₹38,414 cr60.6
Kalpataru Projects International Limited₹1,321₹22,570 cr18.2
Cemindia Projects Limited₹1,271₹21,829 cr38.7
NBCC (India) Limited₹75₹20,320 cr33.0
IRB Infrastructure Developers Limited₹16₹19,687 cr16.3
Engineers India Limited₹289₹16,257 cr20.7
Techno Electric & Engineering Company Limited₹850₹9,887 cr26.5
Ircon International Limited₹100₹9,390 cr25.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.37%
trailing 12 months
Dividend / share (TTM)
₹0.75
Last dividend
₹0.75
ex 16 Sep 2026
ActionDetailEx-date
Dividend₹0.75 / share16 Sep 2026
Dividend₹0.75 / share12 Sep 2025
Who owns it · 2026-09-30
⚑ 16.9% pledged
Promoter
69.8%
FII / Foreign
0.2%
DII / Domestic
0.2%
Retail / others
29.8%
Promoter stake down 3.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtParul Shah · Promoter Group15,00015 Sep 26
BoughtKunjbihari Shah · Promoter6.25 L15 Sep 26
SoldJugalkishor Harikrishnadas Shah · Promoter6.40 L15 Sep 26
Bulk / block deals
SoldALPHA LEON ENTERPRISES LLP · NSE1.00 L @ ₹99.4421 Feb 22
BoughtALPHA LEON ENTERPRISES LLP · NSE94,000 @ ₹85.7818 Feb 22
SoldMEHTA ANILBHAI JASWANTLAL · NSE84,000 @ ₹66.24 Jan 22
Stake changes
BoughtParul Kunjbihari Shah · promoter→ 2.90% · 15,00015 Sep 26
BoughtKunjbihari Jugalkishor Shah · promoter→ 66.59% · 6.25 L15 Sep 26
BoughtJay kunjibihari Shah · promoter→ 0.13% · 9,20818 Mar 26
Promoter pledges
PledgedState Bank of India ( SBI)7.41 L · 6.95% held21 Sep 24
PledgedBank of baroda10.50 L · 0.00% held10 Sep 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
2.27 L votes for, 0 against
2
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended on March 31, 2026, together with the report of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.27 L votes for, 0 against
3
To declare final dividend of Rs. 0.75/- (Rupees Seventy-five paisa only) per Equity share of face value Rs.10/- each (i.e. 7.5 % of face value) for the financial year ended on March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.27 L votes for, 0 against
4
To appoint a director in place of Mrs. Parul Kunjbihari Shah (DIN: 00378095), Whole Time Director, who retire by rotation and being eligible, offers herself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
2.26 L votes for, 39 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 47 named members
owning 69.8% between them · as of 2026-09-30
Kunjbihari Jugalkishor Shah66.59%
Parul Kunjbihari Shah2.90%
Jay Kunjbihari Shah0.13%
Apeksha Patwa0.05%
Nehaben Trirupbhai Patwa0.05%
Rinki Kuntal Shah0.05%
Geetaben Prakashbhai Shah0.04%
Arunaben Jugalkishor Shah0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.