ZOTA

Zota Health Care LImited

Listed company · ISIN INE358U01012 · NSE EQ · FV ₹10
Last price
₹1,218
-1.16%today
What this company does

Zota Health Care LImited is a listed company. It booked ₹199 cr of revenue in its latest quarter (Q2 FY27) and kept -12.8% of sales as profit.

“The Company is primarily engaged in the business Credit risk is the risk of financial loss to the Company of manufacturing and marketing of Pharmaceutical if a customer/counterparty to a contract fails to meet products.”
“The Company is primarily engaged in the business of manufacturing and marketing of Pharmaceutical products which the Management and CODM recognise as the sole business segment.”
In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 438–2,932 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)
46

At close. Not part of the score.

Profitability & returns4

How much profit it earns on the money it employs

Balance sheet50

How much it owes, and whether earnings cover the interest

Cash quality47

Whether reported profit actually arrives as cash

Growth & consistency74

Whether sales and profit have grown, and how steadily

Valuation13

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

Governance & risk93

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

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Sales up 55% vs last year
✓ Promoters hold 49%
✓ Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -12.8% net margin
! 0.3% of promoter stake pledged
! Low -16.4% return on equity
! Operating cash flow is negative

What if I invest in ZOTA?

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 We do not publish price targets or predict returns.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
₹1,218▼ -1.16%
latest close · 2026-11-04
1-year return
+198.1%
52-wk low ₹22552-wk high ₹1,484
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/B ratio6.74High
Below bookModerateHigh
EV / EBITDA133.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-16.4%Loss
WeakFairStrong ▸15%
Return on capital-10.1%Loss
WeakFairStrong
Net margin-12.8%Loss
ThinDecentStrong
EBITDA margin4.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover-3.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.85Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,218 cr
Book value
₹181
EPS
₹-7.39
latest quarter
Net debt
₹23 cr
owes more than its cash
Enterprise value
₹4,241 cr
EBITDA
₹32 cr
annualised
EBIT
₹-83 cr
annualised
Operating margin
-10.4%
Return on assets
-9.4%
Earnings yield
—
P/S
5.29
Sales / share
₹230.2
Tax rate
—
Face value
₹10
Shares
3.5 cr
Working capital
₹233 cr
Current assets
₹506 cr
Current liabilities
₹273 cr
Delivery %
58.0%
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
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

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₹199 cr
Other Income₹5 cr
Total Income₹204 cr
Cost of Materials₹2 cr
Purchases of Stock-in-Trade₹101 cr
Inventory Change (±)₹-23 cr
Employee Benefit Expense₹70 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹47 cr
Total Expenses₹231 cr
Profit before Tax₹-27 cr
Tax Expense₹-1 cr
Net Profit₹-26 cr
Net margin on total income-12.7%
Where the money goes · Q2 FY27
% of total spend
Materials + stock-in-trade₹79 cr34.3%
Employee benefit expense₹70 cr30.3%
Finance costs₹6 cr2.7%
Depreciation & amortisation₹29 cr12.4%
Other expenses₹47 cr20.2%
Total income ₹204 cr

The company made a net loss of ₹26 cr this quarter — income covered only ₹88 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue163 cr174 cr199 cr
Total income166 cr176 cr204 cr
Expenses187 cr219 cr231 cr
Profit before tax-26 cr-44 cr-27 cr
Tax-12 cr29 L-1 cr
Net profit (owners' share)-14 cr-44 cr-26 cr
Net margin (owners' share, on revenue)-8.7%-25.1%-12.8%
EPS (₹)-4.13-12.58-7.39
YoY (latest quarter): total income +56.4% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,094 cr
Shareholder equity
₹626 cr
parent shareholders
Total debt
₹32 cr
Cash
₹9 cr
Cash flow · H1 FY27
Operating
₹-51 cr
Investing
₹68 cr
Financing
₹-35 cr
Corporate actions
Dividend yield
0.08%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 21 Sep 2026
ActionDetailEx-date
Dividend₹1 / share21 Sep 2026
Dividend₹1 / share22 Sep 2025
Dividend₹1 / share20 Sep 2024
Dividend₹1 / share22 Sep 2023
Dividend₹1.5 / share19 Sep 2022
Dividend₹1 / share22 Sep 2021
Who owns it · 2026-09-30
⚑ 0.3% pledged
Promoter
49.4%
FII / Foreign
6.9%
DII / Domestic
7.3%
Retail / others
36.4%
Promoter stake down 13.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVINODCHANDRA DHIRAJLAL MEHTA · Promoter Group2,000 · ₹29.2 L11 Sep 25
BoughtBHIKHALAL CHHOTALAL DOSHI · Promoter Group14,734 · ₹56.2 L2 Jul 25
SoldNIRMALABEN A SHAH · Promoter Group10,000 · ₹93.6 L20 Jun 25
Bulk / block deals
short— · NSE314 Oct 26
short— · NSE15012 Oct 26
SoldVALIANT INDIA OPPORTUNITIES LTD. · NSE2.19 L @ ₹1,2414 Aug 26
Stake changes
BoughtValiant Mautitius Partners Ltd→ 5.71% · 9.77 L18 Dec 25
BoughtParam Capital through its Partner Mukul Mahavir Agrawal→ 6.83% · 4.50 L18 Jul 23
BoughtParam Capital through its Partner Mukul Mahavir Agrawal→ 8.36% · 9.00 L18 Jul 23
Promoter pledges
ReleasedJainam Share Consultants Private Limited297 · 0.00% held2 Dec 22
PledgedJainam Share Consultants Private Limited500 · 0.00% held13 Sep 22
PledgedKotak Mahindra Bank Ltd.Las Retail44,000 · 0.00% held6 Sep 22
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 · 28 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated 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%
61.35 L votes for, 2 against · 0% of mutual funds and other big investors said no
2
Declaration of final dividend on equity shares @ 10% i.e. Re. 1/- per equity share for FY 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
61.35 L votes for, 2 against · 0% of mutual funds and other big investors said no
3
To appoint the Director in place of Mr. Kamlesh Rajanikant Zota (DIN: 00822705), Whole-time Director of the Company, who shall retire by rotation in terms with Section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
61.35 L votes for, 12 against · 0% of mutual funds and other big investors said no
4
To appoint Mr. Mahaveer Dhariwal (DIN: 11893880) as the Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
61.35 L votes for, 12 against · 0% of mutual funds and other big investors said no

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 — 59 named members
owning 46.5% between them · as of 2026-09-30
HIMANSUBHAI MUKTILAL ZOTA9.05%
KETANKUMAR CHANDULAL ZOTA8.81%
MANUKANT CHANDULAL ZOTA6.27%
KAMLESH RAJANIKANT ZOTA5.75%
MANISHABEN KAMLESHKUMAR ZOTA4.14%
RASILABEN MANUKANTBHAI ZOTA2.89%
VARSHABEN HIMANSHUBHAI ZOTA2.60%
ANILABEN KETANKUMAR ZOTA2.22%
Business done with them
FY2025 · 1 of the group
The company paid ₹1.4 L to companies in the promoter group last year — about 0.0% of its ₹293 cr revenue.
HELI RITESH SHAH
Other payments to them · SALARY
also owns 0.09% of the company
₹1.4 L
company paid

The company also transacted with 19 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹350 cr raised in Dec 2025 by selling shares to large investors

As of Sep 2026, the company says it has spent 34% of what it set aside, leaving ₹225 cr still to be spent. CRISIL Ratings Limited watches the spending on the exchange’s behalf.

Investment in DHML for setting-up of new COCO stores
14%
₹18 cr of ₹130 cr
Funding the working capital requirements of the Company
61%
₹83 cr of ₹135 cr
General Corporate Purpose
19%
₹14 cr of ₹75 cr
Spent by quarter: 0% → 0% → 23% → 34% (to Sep 2026)
₹72 cr raised in Apr 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

Expansion of DAVAINDIA Project FOFO
100%
₹9 cr of ₹9 cr
Expansion of DAVAINDIA Project COCO
100%
₹48 cr of ₹48 cr
Working capital requirement
100%
₹7 cr of ₹7 cr
General Corporate Purpose
100%
₹7 cr of ₹7 cr
Spent by quarter: 0% → 0% → 80% → 100% (to Mar 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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