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Zodiac Energy Limited
₹222.25
▲ 2.00 (+0.91%) today
Latest quote · Yahoo Finance
Market Cap
₹334 Cr
P/E (TTM)
59.5
P/B
2.9
Book Value
₹77.27
ROE
—
Div Yield
—
D/E
2.05
EPS (TTM)
₹3.73
52W High
₹415.00
52W Low
₹205.55
Sales Growth
+44.60%
Profit Growth
+157.10%
Day High
₹226.50
Day Low
₹220.10
Volume
6,000
Fundamentals refreshed 21 hr ago · Statements 26 hr ago · Source: Yahoo Finance
Quick Take
- • Trading at 59.5× trailing earnings
- • ROE not reported
- • Leveraged balance sheet (D/E 2.05)
- • No dividend data
- • Operating margin 9.5% · Net margin 4.3%
- • Profit growth +157.10% YoY · Beta -0.05
Employees: 158
Shareholding Pattern
Numbers in percentages · Source: NSE
| Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 70.01% | 70.01% | 70.01% | 69.89% | 69.89% | 69.91% | 69.97% | 69.97% |
| FIIs▼0.01 | 1.46% | 1.32% | 0.91% | 0.54% | 0.54% | 0.34% | 0.15% | 0.14% |
| DIIs | 0.59% | 0.56% | 0.56% | 0.34% | 0.34% | 0.34% | 0.20% | 0.20% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public▲0.02 | 27.94% | 28.11% | 28.52% | 29.22% | 29.22% | 29.42% | 29.68% | 29.70% |
| No. of Shareholders | 37,420 | 40,229 | 41,641 | 41,708 | 39,591 | 38,120 | 36,867 | 36,307 |
* N
Who is buying / selling · last 12 months (NSE)
| Date | Party | Type | Side | Qty | Price |
|---|---|---|---|---|---|
| 20 Mar 26 | Jay Shah | Insider · Promoter Group | Buy | 9,208 | ₹248.33 |
| 1 Jan 26 | Kunjbihari Shah | Insider · Promoters | Buy | 1,750 | ₹296.42 |
| 17 Dec 25 | Aryan Jaxay Shah | Insider · Immediate relative | Sell | 10,000 | ₹337.60 |
| 3 Dec 25 | Aryan Jaxay Shah | Insider · Immediate relative | Sell | 11,045 | ₹337.26 |
Insider rows show holding change 0.07% → 0.13% for the latest filing.
About the company
From latest AR & concallBusiness overview (FY 2025-26) Zodiac Energy Limited operates in the renewable energy sector, primarily in India. The company is transitioning from a solar Engineering, Procurement, and Construction (EPC) firm to an integrated energy company. It offers services across project development, EPC, energy storage, and ownership of renewable energy assets. Key segments include residential and commercial rooftop solar, ground-mounted solar, floating solar, solar tree installations, and operations & maintenance (O&M).
Key facts (FY 2025-26)
- Revenue from operations stood at ₹543.52 crore.
- Profit After Tax (PAT) was ₹21.07 crore.
- The company has approximately 320 MW of operational Independent Power Producer (IPP) capacity, with a target to reach 400 MW by FY 2028-29.
- Revenue composition: Solar Photovoltaic Modules & EPC Contracts contributed ₹528.31 crore, and Generation of Power contributed ₹15.58 crore.
- Geographically, India accounted for ₹533.25 crore of revenue, with ₹10.27 crore from outside India.
- Mr. Kunjbihari Shah (Managing Director) and Mrs. Parul Shah (Whole-time Director) are part of the promoter group.
Recent developments (FY 2025-26)
- Transformation into an integrated energy company, expanding beyond traditional solar EPC.
- Expanded into the Independent Power Producer (IPP) business, building a portfolio of long-term operating assets.
- Entered the Battery Energy Storage System (BESS) market by acquiring a controlling stake in Zenwatt Clean Energy Private Limited.
- Focus on developing integrated Wind-Solar Hybrid parks and large-scale government renewable energy projects.
- Acquired controlling interests in several Limited Liability Partnerships (LLPs) engaged in the solar energy business, including Radhavallabh Solar Projects LLP and Priyapritam Solar Projects LLP.
Key risks flagged by management (FY 2025-26)
- Increasing competitive intensity in the solar EPC market, potentially impacting project margins.
- Changes in government policies, subsidies, and regulatory frameworks can affect project economics and demand.
- Fluctuations in equipment prices, supply-chain disruptions, and changes in interest rates pose financial risks.
- Delays in land acquisition, permitting, and grid connectivity can lead to project delays and cost overruns.
Pros
- Over three decades of experience in the renewable energy sector.
- Diversified capabilities across multiple solar segments and end-to-end EPC services.
- Strategic expansion into IPP and BESS segments aims to provide recurring revenue and technology diversification.
Cons
- Significant part of operations are concentrated in Gujarat and adjoining regions, leading to geographical concentration risk.
- Solar project development and EPC activities require substantial upfront and working capital, potentially straining liquidity.
- Several key financial ratios, including Return on Equity and Net Profit Ratio, decreased in FY 2025-26 compared to the previous year.
