WEBSITE BSE:539963 NSE: ZEAL Inc. Year: 2009 Industry: Aquaculture My Bucket: Add Stock
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Zeal Aqua Limited, incorporated on March 6, 2009, is a leading aquaculture company specializing in shrimp farming and processing. The company is headquartered in Surat, Gujarat, and is listed on the Bombay Stock Exchange (BSE). The company prides itself on its vertically integrated farm-to-fork model, ensuring full traceability and adherence to quality standards for global shrimp consumers. Zeal Aqua’s production capacity exceeds 3000+ MT per annum from its processing unit and 1500+ MT from its own farms. It exports to over 20 countries,...Read More
Zeal Aqua Limited, incorporated on March 6, 2009, is a leading aquaculture company specializing in shrimp farming and processing. The company is headquartered in Surat, Gujarat, and is listed on the Bombay Stock Exchange (BSE). The company prides itself on its vertically integrated farm-to-fork model, ensuring full traceability and adherence to quality standards for global shrimp consumers. Zeal Aqua’s production capacity exceeds 3000+ MT per annum from its processing unit and 1500+ MT from its own farms. It exports to over 20 countries, leveraging advanced technology and sustainable farming practices to deliver high-quality seafood products.Zeal Aqua’s strategic route map addresses business challenges through innovation, research and development, and a strong commitment to environmental responsibility. The company’s state-of-the-art processing facility, established in 2017, is a testament to its dedication to producing superior quality fish fillets and shrimp products. ...Read Less
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Market Cap ₹180 Cr.
Stock P/E 17.8
P/B 1.8
Current Price ₹14.3
Book Value ₹ 8
Face Value 1
52W High ₹17.8
Dividend Yield 0%
52W Low ₹ 8.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 116 | 136 | 65 | 87 | 152 | 169 | 97 | 124 | 185 | 222 |
| Other Income | 2 | 2 | 2 | 2 | 2 | 4 | 2 | 2 | 1 | 8 |
| Total Income | 118 | 138 | 67 | 89 | 154 | 173 | 99 | 126 | 186 | 230 |
| Total Expenditure | 112 | 130 | 57 | 82 | 146 | 157 | 86 | 117 | 174 | 213 |
| Operating Profit | 6 | 8 | 10 | 7 | 8 | 16 | 12 | 8 | 12 | 17 |
| Interest | 4 | 3 | 4 | 4 | 5 | 8 | 5 | 5 | 6 | 6 |
| Depreciation | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 3 | 5 | 1 | 2 | 6 | 5 | 2 | 5 | 10 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 |
| Profit After Tax | 1 | 3 | 5 | 1 | 2 | 6 | 5 | 2 | 3 | 8 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 3 | 5 | 1 | 2 | 6 | 5 | 2 | 3 | 8 |
| Adjusted Earnings Per Share | 0 | 0.3 | 0.4 | 0.1 | 0.2 | 0.5 | 0.4 | 0.1 | 0.2 | 0.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 171 | 121 | 175 | 178 | 232 | 239 | 297 | 345 | 363 | 398 | 511 | 628 |
| Other Income | 0 | 0 | 0 | 2 | 7 | 11 | 5 | 8 | 8 | 8 | 10 | 13 |
| Total Income | 172 | 122 | 175 | 179 | 239 | 250 | 303 | 353 | 371 | 406 | 521 | 641 |
| Total Expenditure | 161 | 112 | 165 | 156 | 211 | 225 | 278 | 330 | 344 | 377 | 478 | 590 |
| Operating Profit | 11 | 9 | 10 | 23 | 28 | 25 | 25 | 23 | 27 | 29 | 43 | 49 |
| Interest | 4 | 5 | 4 | 9 | 10 | 12 | 13 | 10 | 14 | 14 | 22 | 22 |
| Depreciation | 2 | 3 | 2 | 8 | 8 | 7 | 6 | 6 | 5 | 5 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 2 | 3 | 6 | 9 | 6 | 5 | 7 | 8 | 10 | 15 | 22 |
| Provision for Tax | 1 | 0 | 1 | 2 | 2 | -0 | 1 | 1 | 1 | 2 | 5 | 6 |
| Profit After Tax | 3 | 2 | 2 | 4 | 8 | 6 | 4 | 6 | 7 | 8 | 10 | 18 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 2 | 2 | 4 | 7 | 6 | 4 | 6 | 7 | 8 | 10 | 18 |
| Adjusted Earnings Per Share | 0 | 0 | 0.1 | 0.3 | 0.6 | 0.5 | 0.3 | 0.5 | 0.6 | 0.7 | 0.8 | 1.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 28% | 14% | 16% | 12% |
| Operating Profit CAGR | 48% | 23% | 11% | 15% |
| PAT CAGR | 25% | 19% | 11% | 13% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 21% | 27% | 17% | NA% |
| ROE Average | 12% | 11% | 10% | 11% |
| ROCE Average | 15% | 12% | 11% | 13% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 19 | 21 | 37 | 41 | 49 | 55 | 58 | 64 | 71 | 79 | 89 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 4 | 7 | 19 | 17 | 20 | 19 | 25 | 38 | 30 | 33 | 24 |
| Other Non-Current Liabilities | 0 | -0 | -0 | -1 | -1 | -2 | -1 | -1 | -1 | -1 | -1 |
| Total Current Liabilities | 39 | 37 | 42 | 86 | 112 | 139 | 183 | 124 | 169 | 184 | 218 |
| Total Liabilities | 63 | 64 | 98 | 144 | 179 | 211 | 265 | 224 | 269 | 295 | 330 |
| Fixed Assets | 14 | 13 | 13 | 53 | 46 | 40 | 40 | 37 | 34 | 36 | 38 |
| Other Non-Current Assets | 7 | 12 | 39 | 1 | 4 | 7 | 1 | 1 | 8 | 12 | 12 |
| Total Current Assets | 42 | 39 | 46 | 89 | 128 | 164 | 224 | 186 | 227 | 247 | 280 |
| Total Assets | 63 | 64 | 98 | 144 | 179 | 211 | 265 | 224 | 269 | 295 | 330 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 14 | 4 | 5 | 6 | 4 | 5 | 5 | 1 | 1 | 5 |
| Cash Flow from Operating Activities | 28 | -1 | 8 | -17 | 14 | 11 | 7 | -5 | 24 | 25 | 35 |
| Cash Flow from Investing Activities | -12 | -8 | -29 | -11 | -4 | -3 | -0 | -2 | -2 | -10 | -3 |
| Cash Flow from Financing Activities | -5 | -2 | 23 | 29 | -12 | -7 | -7 | 2 | -22 | -11 | -36 |
| Net Cash Inflow / Outflow | 11 | -11 | 3 | 2 | -2 | 1 | 0 | -4 | -0 | 4 | -4 |
| Closing Cash & Cash Equivalent | 14 | 4 | 7 | 6 | 4 | 5 | 5 | 1 | 1 | 5 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0.14 | 0.33 | 0.6 | 0.5 | 0.34 | 0.46 | 0.56 | 0.66 | 0.8 |
| CEPS(Rs) | 0.6 | 0.51 | 0.34 | 0.98 | 1.26 | 1.06 | 0.84 | 0.9 | 0.98 | 1.05 | 1.23 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 0 | 2.92 | 3.26 | 3.85 | 4.36 | 4.57 | 5.03 | 5.59 | 6.25 | 7.06 |
| Core EBITDA Margin(%) | 6 | 7.44 | 5.28 | 12.02 | 8.88 | 5.79 | 6.43 | 4.47 | 5.2 | 5.3 | 6.45 |
| EBIT Margin(%) | 4.8 | 5.37 | 4.13 | 8.51 | 8.34 | 7.46 | 6.08 | 5.09 | 6.06 | 6.03 | 7.27 |
| Pre Tax Margin(%) | 2.34 | 1.59 | 1.57 | 3.45 | 4.02 | 2.53 | 1.69 | 2.08 | 2.25 | 2.56 | 2.92 |
| PAT Margin (%) | 1.77 | 1.57 | 1.01 | 2.34 | 3.23 | 2.65 | 1.43 | 1.66 | 1.94 | 2.06 | 1.97 |
| Cash Profit Margin (%) | 3.15 | 3.83 | 2.41 | 6.94 | 6.82 | 5.62 | 3.57 | 3.28 | 3.39 | 3.31 | 3.04 |
| ROA(%) | 5.99 | 2.99 | 2.19 | 3.44 | 4.65 | 3.25 | 1.78 | 2.35 | 2.86 | 2.93 | 3.23 |
| ROE(%) | 17.24 | 9.48 | 6.16 | 10.67 | 16.74 | 12.24 | 7.56 | 9.5 | 10.54 | 11.09 | 12.04 |
| ROCE(%) | 18.84 | 11.06 | 9.94 | 14.14 | 14.65 | 12.45 | 11.11 | 9.57 | 11.09 | 10.92 | 14.7 |
| Receivable days | 37.05 | 73.36 | 61.36 | 74.16 | 77.21 | 92.25 | 94.1 | 74.24 | 58.01 | 68.35 | 66.58 |
| Inventory Days | 1.85 | 4.35 | 4.2 | 37.15 | 67.26 | 106.37 | 127.27 | 127.15 | 135.62 | 135.02 | 109.87 |
| Payable days | 7.18 | 11.94 | 16.85 | 29.43 | 49.79 | 94.53 | 110.66 | 75.88 | 57.23 | 63.73 | 47.64 |
| PER(x) | 0 | 0 | 90.56 | 51.7 | 17.48 | 9.99 | 19.42 | 17.39 | 11.62 | 16.14 | 14.46 |
| Price/Book(x) | 0 | 0 | 4.37 | 5.22 | 2.7 | 1.15 | 1.43 | 1.58 | 1.16 | 1.69 | 1.64 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.17 | 0.31 | 1.17 | 1.66 | 0.93 | 0.64 | 0.66 | 0.65 | 0.6 | 0.72 | 0.64 |
| EV/Core EBITDA(x) | 2.65 | 4.07 | 21.02 | 12.66 | 7.78 | 6.12 | 8.04 | 9.75 | 7.97 | 9.8 | 7.65 |
| Net Sales Growth(%) | 25.99 | -29.21 | 43.92 | 1.72 | 30.65 | 2.82 | 24.72 | 16.05 | 5.06 | 9.68 | 28.54 |
| EBIT Growth(%) | -3.92 | -21.5 | 10.5 | 108.99 | 28.25 | -8.14 | 1.67 | -3.03 | 25.35 | 9.87 | 53.86 |
| PAT Growth(%) | -12.18 | -37.88 | -7.05 | 134.01 | 80.66 | -15.61 | -32.88 | 35.24 | 22.73 | 17.27 | 22.09 |
| EPS Growth(%) | 0 | 0 | -32.16 | 134.01 | 80.66 | -15.61 | -32.89 | 35.24 | 22.72 | 17.28 | 22.08 |
| Debt/Equity(x) | 2.05 | 1.84 | 1.35 | 2.11 | 1.82 | 1.71 | 2.08 | 2 | 1.94 | 2 | 2.04 |
| Current Ratio(x) | 1.07 | 1.05 | 1.09 | 1.04 | 1.15 | 1.18 | 1.22 | 1.5 | 1.34 | 1.34 | 1.28 |
| Quick Ratio(x) | 1.05 | 0.99 | 1.04 | 0.64 | 0.69 | 0.55 | 0.56 | 0.52 | 0.46 | 0.54 | 0.54 |
| Interest Cover(x) | 1.95 | 1.42 | 1.61 | 1.68 | 1.93 | 1.51 | 1.39 | 1.69 | 1.59 | 1.74 | 1.67 |
| Total Debt/Mcap(x) | 0 | 0 | 0.31 | 0.4 | 0.68 | 1.49 | 1.45 | 1.27 | 1.67 | 1.18 | 1.24 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 | 68.42 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 | 31.58 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 | 8.63 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 | 3.98 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 | 12.61 |
* The pros and cons are machine generated.
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