Zodiac Energy Limited

NSE: ZODIAC · Civil Construction · sector

₹185.01NSE close 2026-10-26

Key numbers

Market cap₹280 cr

Price₹185.01

52w high / low₹415 / ₹185

P/E11.5xSector median 12.2x

P/B2.4xSector median 1.3x

Book value₹77.1

Dividend yield0.41%Sector median 0.76%

ROE23.8%Sector median 10.2%

ROCE16.0%Sector median 12.9%

OPM10.5%Sector median 10.7%

Debt / equity1.96xSector median 0.36x

EV/EBITDA7.7xSector median 8.8x

Interest cover2.8x

Current ratio1.42x

Sales growth 3y+58.0%Sector median +6.7%

Profit growth 3y+87.7%Sector median +5.8%

PEG0.14x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹34 cr vs borrowings ₹229 cr (FY26): borrowings are higher by ₹195 cr.
Operating profit covered interest 2.8x in the last 12 months.
16.92% of the promoters' shares are pledged (11.8% of all shares).
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 14% of net profit in the last 12 months.
Debtor days went from 120 (FY24) to 76 (FY26).
Dividend paid in 1 of the last 5 financial years.
Price ₹185.01 on 2026-10-26: -55.4% from the 52-week high, +0.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹612.80 · low ₹185.01

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	53	104	171	98	97	138	211	142
EBITDA	5	10	18	10	10	14	22	16
OPM %	9.3%	9.9%	10.3%	9.9%	10.6%	10.0%	10.4%	11.1%
Other income	0	0	1	0	0	0	1	1
Net profit	2	6	9	3	3	5	11	7
EPS (₹)	1.65	3.78	6.18	1.78	1.76	2.68	7.02	4.57
Revenue YoY					+83.4%	+31.9%	+23.2%	+44.6%
Profit YoY					+7.6%	-11.2%	+12.6%	+161.0%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	143	138	220	408	544	587
EBITDA	9	8	19	37	56	62
Net profit	5	3	11	20	21	25
EPS (₹)	3.73	2.18	7.50	13.38	13.88	16.03
Revenue growth		-3.7%	+59.9%	+85.3%	+33.3%	+37.7%
Profit growth		-41.6%	+243.9%	+82.0%	+5.5%	+25.0%
Dividend / share (₹)	–	–	–	–	0.75

Compounded growth	3 years	5 years	Last 12 months
Sales	+58.1%	–	+37.7%
Net profit	+87.7%	–	+25.0%
EPS	+85.3%	–	–
Share price	–	-41.2% (2y)	-49.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	36	48	97	117
Borrowings	–	45	38	175	229
Cash & equivalents	–	6	10	18	34
Total assets	–	95	116	302	482
Fixed assets	–	2	2	76	118
Capital work in progress	–	–	0	7	2
Investments	–	0	0	0	8
Receivables	–	41	72	57	113
Inventory	–	17	14	51	128
Payables	–	4	15	10	48

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	2	-23	16	-49	16
Cash from investing	-4	-3	-5	-105	-54
Cash from financing	3	25	-10	153	50
Capex	2	0	2	83	45
Free cash flow	1	-23	14	-131	-29

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	8.8%	23.1%	20.7%	18.0%
ROCE %	–	9.3%	22.3%	13.4%	14.0%
Debtor days	–	110	120	51	76
Inventory days	–	52	28	56	102
Payable days	–	14	29	11	38
Cash conversion cycle (days)	–	148	119	96	140
Working capital days	–	82	69	81	65

Shareholding

Holder	% (2026-09-30)
Promoters	69.83%
FIIs	0.20%
DIIs	0.19%
Public (non-institutions)	29.78%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	70.01%	70.01%	69.89%	69.89%	69.91%	69.97%	69.97%	69.83%

Promoter group	%
Kunjbihari Jugalkishor Shah	66.59%
Parul Kunjbihari Shah	2.90%
Jay Kunjbihari Shah	0.13%
Apeksha Patwa	0.05%
Nehaben Trirupbhai Patwa	0.05%
Rinki Kuntal Shah	0.05%
Geetaben Prakashbhai Shah	0.04%
Arunaben Jugalkishor Shah	0.01%
Rameshkumar Shah	0.01%
Jugalkishor Harikrishnadas Shah	0.00%
Miti Kunjbihari Shah	0.00%
Kunjbihari Jugalkishor Shah HUF	0.00%
Sumitraben Shah	0.00%
Amit Shah	0.00%
Divya Patel	0.00%

Public holders above 1%	%
Jaxay Sharadkumar Shah	1.68%

35,367 shareholders. Pledged: 16.92% of promoter shares.

Peers in Civil Construction

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
LT	₹5,06,276 cr	30.5x	4.6x	16.7%	12.8%	9.4%	+22.2%	0.92%
RVNL	₹38,083 cr	42.4x	3.9x	9.3%	10.5%	4.3%	+0.2%	1.51%
KPIL	₹22,134 cr	19.5x	2.8x	15.9%	17.7%	8.4%	+18.4%	0.69%
IRB	₹19,639 cr	20.6x	0.9x	4.7%	7.6%	53.9%	+6.1%	0.65%
CEMPRO	₹19,444 cr	32.3x	8.1x	28.4%	32.3%	10.4%	+25.5%	0.18%
NBCC	₹18,536 cr	25.1x	6.1x	27.0%	33.9%	5.8%	+13.8%	1.08%
ENGINERSIN	₹13,725 cr	17.5x	4.4x	27.0%	28.8%	19.4%	+5.7%	1.84%
TECHNOE	₹9,612 cr	22.3x	2.3x	10.9%	13.7%	14.0%	+57.7%	1.09%
IRCON	₹9,177 cr	17.5x	1.4x	8.1%	8.2%	8.3%	-4.4%	2.25%
ZODIAC	₹280 cr	11.5x	2.4x	23.8%	16.0%	10.5%	+58.0%	0.41%

All 119 companies in Civil Construction →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Solar Photovoltaic Modules & EPC Contracts	₹528 cr	97.1%	₹36 cr	6.8%
Generation of Power	₹16 cr	2.9%	₹-2 cr	-15.3%

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-16	Dividend	Dividend - Re 0.75 Per Share
2025-09-12	Dividend	Dividend - Rs 0.75 Per Share
2024-09-06	Other	Annual General Meeting
2023-09-18	Other	Annual General Meeting
2022-09-20	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Civil Construction
Sub-industry	Civil Construction
Symbol	ZODIAC
BSE code	543416
ISIN	INE761Y01019
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.