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Zeal Aqua

539963 BSE
₹10.19 +0.05 (+0.49%)
P/E
8.71
View as Markdown
MCP
Close 4 Nov 2026 ₹10.19 −0.13 −1.26% 1Y
Start ₹10.32

Key Fundamentals

MicrocapFood ProductsFMCG

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
14.90%
Debt to Equity
1.79
EPS (TTM)
₹1.17
Book Value
₹8.19
Market Cap
—
P/E (TTM)
8.71
P/B
1.24
ROE
14.70%
Dividend Yield
0.00%
EBITDA
₹46.10 Cr
52W High
₹17.80
52W Low
₹9.10
Day Range
₹10.00 – ₹10.33
Volume
28,981

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
74
Strong
Returns, margins, earnings quality 22% weight
Valuation
67
Strong
Cheap vs sector & own history 24% weight
Growth
74
Strong
Sales & profit trajectory 9% weight
Financial Health
32
Poor
Solvency, leverage, coverage 9% weight
Momentum
24
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has delivered good profit growth of 27.1% CAGR over last 5 years
  • Company's median sales growth is 19.8% of last 10 years
  • Company's working capital requirements have reduced from 44.0 days to 35.1 days

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.7% over last 3 years.
  • Earnings include an other income of Rs.19.9 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBullish162
Moving AveragesStrong Bearish802

Key readings

RSI (14)
47.07
Neutral
MACD (12,26,9)
−0.11
Bullish
SMA (50)
10.56
Bearish
SMA (200)
11.98
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+18.63%
5Y+17.68%
3Y+22.66%
1Y+30.72%
TTM+26.76%

Net profit

Net profit growth by window
10Y+21.48%
5Y+28.47%
3Y+25.99%
1Y+40.00%
TTM−6.06%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+37.97%
3Y+13.40%
1Y+40.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.25 pp
5Y−2.23 pp
3Y−1.06 pp
1Y−2.27 pp
TTM−2.29 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹175 Cr
Mar 2018₹178 Cr
Mar 2019₹232 Cr
Mar 2020₹239 Cr
Mar 2021₹296 Cr
Mar 2022₹342 Cr
Mar 2023₹362 Cr
Mar 2024₹398 Cr
Mar 2025₹511 Cr
Mar 2026₹668 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹2.00 Cr
Mar 2018₹4.00 Cr
Mar 2019₹8.00 Cr
Mar 2020₹5.00 Cr
Mar 2021₹4.00 Cr
Mar 2022₹6.00 Cr
Mar 2023₹7.00 Cr
Mar 2024₹8.00 Cr
Mar 2025₹10.00 Cr
Mar 2026₹14.00 Cr

Quarterly Results

₹ Cr
539963 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
79.99
116
136
65.04
87.24
152
169
103
124
185
222
137
151
Expenses
76.62
112
130
57.49
82.25
146
157
92.13
117
174
213
135
144
Operating Profit
3.37
4.21
6.06
7.55
4.99
5.67
11.85
10.45
6.58
10.38
9.13
1.57
6.83
OPM %
4.21%
3.62%
4.44%
11.61%
5.72%
3.73%
7%
10.19%
5.31%
5.62%
4.11%
1.15%
4.53%
Other Income
2.22
1.66
1.92
2.04
1.8
2.3
3.76
1.77
1.75
1.44
7.83
7.44
3.21
Interest
3.42
3.53
3.22
3.61
4.03
4.92
7.8
5.34
4.68
6.02
5.53
5.11
5.44
Depreciation
1.26
1.28
1.27
1.18
1.87
0.69
1.45
1.46
1.27
1.3
1.28
1.32
1.54
PBT
0.91
1.06
3.49
4.8
0.89
2.36
6.36
5.42
2.38
4.5
10.15
2.58
3.06
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
35.71%
33.33%
25.71%
21.32%
29.74%
Net Profit
0.91
1.06
3.49
4.8
0.9
2.35
6.36
5.42
1.54
3
7.53
2.04
2.15
EPS (₹)
0.07
0.08
0.28
0.38
0.07
0.19
0.5
0.43
0.12
0.24
0.6
0.16
0.17

Profit & Loss

₹ Cr
539963 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
171
121
175
178
232
239
296
342
362
398
511
668
695
Expenses
161
112
165
156
210
225
277
326
343
376
478
640
667
Operating Profit
10
9
9
21
22
14
19
16
19
21
33
28
28
OPM %
6%
7%
5%
12%
9%
6%
7%
4.5%
5%
5%
6%
4.2%
4%
Other Income
0
0
0
2
6
11
5
8
8
8
10
18
20
Interest
4
5
4
9
10
12
13
10
14
14
22
21
22
Depreciation
2
3
2
8
8
7
7
6
5
5
6
5
5
PBT
4
2
3
6
9
6
5
7
8
10
15
20
20
Tax %
25%
2%
35%
32%
20%
12%
16%
20%
14%
19%
32%
28%
—
Net Profit
3
2
2
4
8
5
4
6
7
8
10
14
15
EPS (₹)
0.33
0.21
0.14
0.33
0.59
0.42
0.34
0.46
0.56
0.66
0.8
1.12
1.17
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
539963 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3
3
4
4
13
13
13
13
13
13
13
13
Reserves
16
18
33
37
36
41
45
51
58
66
77
91
Borrowings
40
38
49
85
83
88
119
127
131
157
172
186
Other Liabilities
4
5
12
17
46
69
88
34
68
59
70
51
Total Liabilities
63
65
98
143
178
211
266
225
270
295
331
341
Fixed Assets
14
13
13
53
46
40
40
37
34
36
38
38
CWIP
7
12
38
0
3
5
0
0
0
4
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
42
39
47
89
129
165
226
187
235
255
293
302
Total Assets
63
65
98
143
178
211
266
225
270
295
331
341

Cash Flow

₹ Cr
539963 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
28
−1
7
−17
14
16
7
−5
24
25
25
35
Investing
−12
−8
−29
−11
−4
−2
0
−2
−2
−10
−10
−3
Financing
−5
−2
23
29
−12
−13
−7
2
−22
−11
−11
−36
Net Cash Flow
11
−11
1
2
−2
1
0
−4
0
4
4
−4
Free Cash Flow
16
−9
−22
−28
10
13
6
−7
22
14
14
31
CFO/OP
281
−9
83
−75
77
131
37
−24
134
126
81
143

Ratios

539963 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
81
67
83
91
96
112
53
66
77
73
56
Inventory Days
2
8
5
94
852
—
178
152
180
158
136
104
Days Payable
5
16
23
32
615
—
129
42
75
61
47
24
Cash Conversion Cycle
43
73
48
145
329
96
161
164
172
174
162
136
Working Capital Days
−24
−6
−2
−6
20
29
43
65
57
54
43
35
ROCE %
19%
11%
10%
14%
15%
13%
11%
10%
11%
11%
15%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Zeal Aqua insights

67 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.42%
  • Public 29.32%
  • Others 2.21%
  • DIIs 0.05%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Q1 FY24 concall · Sep 2023
    PPT
  • Concall · Jun 2023
    PPT
  • Q3 FY23 concall · Feb 2023
    PPT
  • Q1 FY23 concall · Sep 2022
    PPT
  • Concall · Aug 2022
    PPT

Frequently Asked Questions about Zeal Aqua

What does Zeal Aqua Ltd do?
Zeal Aqua Ltd is a Surat-based aquaculture and seafood company. It farms shrimp, supports satellite/contract farms, trades shrimp inputs, and processes and exports frozen seafood. Processing began in 2017.
Where is Zeal Aqua Ltd (ZEAL) listed?
Zeal Aqua Ltd trades under code 539963 on the BSE.
Which sector does Zeal Aqua Ltd belong to?
Zeal Aqua Ltd is classified under the Food Products sector, in the Seafood industry.
What is the PE ratio of Zeal Aqua Ltd?
Zeal Aqua Ltd trades at a PE ratio of 8.71 as of 4 Nov 2026, on earnings per share of ₹1.17, against a book value of ₹8.19 per share.
What is the 52-week high and low of Zeal Aqua Ltd?
Over the last 52 weeks Zeal Aqua Ltd has traded between ₹9.1 and ₹17.8 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Zeal Aqua Ltd?
Zeal Aqua Ltd reported a return on equity of 14.70%. Its debt-to-equity ratio is 1.79.

Company Information

Zeal Aqua Ltd is a Surat-based aquaculture and seafood company. It farms shrimp, supports satellite/contract farms, trades shrimp inputs, and processes and exports frozen seafood. Processing began in 2017. Products now include Vannamei and SPF Black Tiger shrimp, fish fillets and other value-added seafood.

Website zealaqua.com
Listed 7 Jul 2016
Face Value ₹1

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