---
title: "Zetwerk Manufacturing Business (ZETWERK) Share Price, Financials & Research"
symbol: "ZETWERK"
company: "Zetwerk Manufacturing Business"
canonical: "https://tapetide.com/stocks/ZETWERK"
isin: "INE09PO01019"
nse_symbol: "ZETWERK"
generated_at: "2026-11-05T01:44:05.412Z"
---

# Zetwerk Manufacturing Business (ZETWERK)

Canonical page: https://tapetide.com/stocks/ZETWERK

## Key Facts

- **Price:** ₹164.85 as of 4 Nov 2026, 15:50 IST
- **Promoter holding:** 15.71% in Oct 2026

## Company

- **NSE symbol:** ZETWERK
- **ISIN:** INE09PO01019
- **In the F&O segment:** No

## Latest Price

- **Price:** ₹164.85
- **Change:** No trade today
- **Previous Close:** ₹164.85
- **As of:** 4 Nov 2026, 15:50 IST

## Key Fundamentals

Price-based figures as of 4 Nov 2026, 15:50 IST · TTM.

- **ROCE:** -9.08%
- **Book Value:** ₹14.55
- **P/B:** 11.33
- **ROE:** -20.03%
- **Dividend Yield:** 0.00%
- **52W High:** ₹168.87
- **52W Low:** ₹127.40

## Technical Indicators

As of 4 Nov 2026.

| Group | Signal | Bearish | Neutral | Bullish |
| --- | --- | ---: | ---: | ---: |
| Overall | Neutral | 0 | 19 | 0 |
| Oscillators | Neutral | 0 | 9 | 0 |
| Moving Averages | Neutral | 0 | 10 | 0 |

### Oscillators: Neutral

| Name | Value | Signal |
| --- | ---: | --- |
| RSI (14) | — | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | — | Neutral |
| ATR (14) | — | Neutral |
| ROC (12) | — | Neutral |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

### Moving Averages: Neutral

| Name | Value | Signal |
| --- | ---: | --- |
| SMA (10) | — | Neutral |
| EMA (10) | — | Neutral |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Pivot Points

| Level | Classic | Fibonacci | Camarilla |
| --- | ---: | ---: | ---: |
| R3 | 181.75 | 174.07 | 168.23 |
| R2 | 174.07 | 169.38 | 167.10 |
| R1 | 169.46 | 166.47 | 165.98 |
| PP | 161.78 | 161.78 | 161.78 |
| S1 | 157.17 | 157.09 | 163.72 |
| S2 | 149.49 | 154.18 | 162.60 |
| S3 | 144.88 | 149.49 | 161.47 |

## AI Analysis — Bull vs Bear

AI-generated opinion, based on fundamentals. Figures as of 4 Nov 2026. Not investment advice, and not a recommendation to buy, sell or hold. Statements that rate the stock or set a price target are left out of this copy.

- **Risk (AI assessment):** High

Zetwerk Manufacturing Businesses trades at ₹164.85 per share as of 2026-11-04, implying a market capitalisation of ₹26,563 crore. The company grew FY26 revenue 40.4% year-on-year to ₹15,913 crore and its manufacturing order book doubled to ₹12,370 crore by March 2026, but it posted a net loss of ₹1,606 crore in FY26 with a return on equity of -20.03% and has never reported an annual profit.

### Bull Case

- FY26 revenue rose 40.4% year-on-year to ₹15,913 crore from ₹11,332 crore in FY25, demonstrating strong top-line momentum
- Manufacturing order book doubled from ₹6,170 crore (March 2024) to ₹12,370 crore (March 2026) and further grew to ₹13,062 crore by June 2026, providing near-term revenue visibility
- The stock is trading at ₹164.85, near its 52-week high of ₹168.87, indicating sustained investor interest since listing
- Platform scale is substantial with 1,802 customers, 6,979 third-party suppliers across 26 countries, and 26 owned manufacturing facilities across four countries as of March 2026
- EBITDA improved to ₹522 crore in FY26 from ₹438 crore in FY25, showing incremental operating-level progress
- Operating profit rose to ₹335 crore in FY26 from ₹278 crore in FY25 and just ₹22 crore in FY24, reflecting improving cost absorption with scale
- IPO raised over ₹5,000 crore with ₹2,160 crore earmarked for debt repayment, which should reduce the ₹367 crore annual interest burden over time

### Bear Case

- Net loss widened sharply to ₹1,606 crore in FY26 from ₹371 crore in FY25, meaning losses expanded even as revenue grew
- Return on equity stands at -20.03% and ROCE at -9.08% as of 2026-11-04, reflecting persistent value destruction for shareholders
- Operating profit margin remains wafer-thin at 2.08% in FY26 (down from 2.42% in FY25), leaving little buffer against cost or demand shocks
- The company has never reported an annual net profit since inception, raising questions about the path to sustained profitability
- Price-to-book ratio of 11.33 as of 2026-11-04 is elevated for a loss-making business, implying the stock prices in significant future improvement
- Interest costs remain high at ₹366 crore in FY26 against a debt-to-equity ratio of 0.49, consuming a large share of operating profit
- Dividend yield is 0%, with zero payout history, offering no income return to shareholders
- Trading revenue, which accounted for 58% of FY25 income, declined 20% to ₹7,706 crore in FY25, exposing concentration risk in a lower-margin segment

This is AI-generated analysis, not financial advice. Do your own due diligence.

## Financial Statements

No financial statements are available for this company yet.

## Shareholding Pattern

### Quarterly Shareholding

Holdings in % of shares; shareholders as a count.

| Holder | Oct 2026 |
| --- | ---: |
| Promoters | 15.71% |
| FIIs | 7.55% |
| DIIs | 12.53% |
| Government | 0.00% |
| Public | 6.60% |
| Others | 57.61% |
| No. of Shareholders | 1,89,135 |

## Documents

### Exchange filings

| Date | Document | Category |
| --- | --- | --- |
| 23 Oct 2026 | [Intimation Under Regulation 7(1) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78d6d967-63b1-429d-8494-3883ae0fe861.pdf) | General announcements |
| 23 Oct 2026 | [Disclosure Under Regulation 30(5) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d407892-db08-41eb-a9f3-6e04f28ffda9.pdf) | General announcements |
| 23 Oct 2026 | [Intimation Pursuant To Regulation 8(2) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70e7c824-dce8-4e0f-bfda-83b27716d828.pdf) | General announcements |
| 23 Oct 2026 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1620a5be-430a-4e0a-8dc0-2de3b39a8bef.pdf) | Intimation |

## Frequently Asked Questions about Zetwerk Manufacturing Business

### Where is Zetwerk Manufacturing Business (ZETWERK) listed?

Zetwerk Manufacturing Business trades as ZETWERK on the NSE.

### What is the 52-week high and low of Zetwerk Manufacturing Business?

Over the last 52 weeks Zetwerk Manufacturing Business has traded between ₹127.4 and ₹168.87 as of 4 Nov 2026.

### What is the Return on Equity (ROE) of Zetwerk Manufacturing Business?

Zetwerk Manufacturing Business reported a return on equity of -20.03%.

## Company Information

- **Listed:** 23 Oct 2026

---

Negative figures use an ASCII hyphen-minus (-) so they parse as numbers. Amounts are in Indian rupees; "Cr" is crore (10 million). Dates are Indian Standard Time.

Financial statements, shareholding and filings are as reported by the company. Price, volume and 52-week levels are market data. Technical indicators are computed by Tapetide from daily prices. The Tapetide Score is Tapetide’s own analysis. Analyst ratings and forecasts are the published estimates of third-party analysts, not company statements. The AI sections are generated text.

For research and information only, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Generated 5 Nov 2026, 07:14 IST.