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Zetwerk Manufacturing Businesses Ltd (ZETWERK)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545000 NSE: ZETWERK Engineering - Industrial Equipments | Small Cap | Zetwerk Manufactur Share Price
₹163.25 -0.90 (-0.55%)
As on 30-Oct'26 16:59
Zetwerk Manufacturing Businesses Ltd (ZETWERK)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 545000 NSE: ZETWERK Engineering - Industrial Equipments | Small Cap | Zetwerk Manufactur Share Price
₹163.25 -0.90 (-0.55%)
As on 30-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹27,659 Cr.
Current Price
₹163.3
52-Week Low / High
₹127 / 169
TTM EPS
₹-9.6
TTM Sales
₹15,913 Cr.
Book Value per Share
₹12.9
P/E Ratio
0.00
Industry PE
49.8
Price to Book (P/B)
12.68
Price to Sales (P/S)
1.74
EV/EBITDA
52.03
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-57.28%
Underperforms industry median
Return on Capital Employed (ROCE)
-8.63%
Underperforms industry median
Return on Assets (ROA)
-8.13%
Operating Profit Margin
2.1%
Net Profit Margin
-6.06%
Gross Profit Margin
1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-15.12%
Operating Profit Growth (1 Year)
-
22.5%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
15.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,011 Cr.
Equity
₹169.4 Cr.
Face Value
₹1
All Time Low / High
₹127.20 / 168.85
Check Before You Invest
Quality
Not GoodValuation
NACheck Valuation charts
Price Trend
Weak
Is Zetwerk Manufacturing Businesses Ltd a good quality company?
Zetwerk Manufacturing Businesses Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Zetwerk Manufacturing Businesses Ltd performance compare with that of its Peers?
Revenue growth of Zetwerk Manufacturing Businesses Ltd vs industry peers?
Zetwerk Manufacturing Businesses Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Zetwerk Manufacturing Businesses Ltd?
Promoters hold 15.71% of the Zetwerk Manufacturing Businesses Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Zetwerk Manufacturing Businesses Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zetwerk Manufacturing Businesses Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'25 | Mar'26 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 4.7% | -9.6% | - |
| Value Creation Index ⓘ | -0.6 | -1.9 | - |
Growth Parameters ⓘ |
|||
| Sales ⓘ | 7,130 | 6,052 | 6,052 |
| Sales YoY Gr. | - | -15.1% | - |
| Adj EPS ⓘ | 2.3 | -6.5 | -4.6 |
| YoY Gr. | - | -378.9% | - |
| BVPS (₹) ⓘ | 127.9 | 9.8 | 19.7 |
| Adj Net Profit ⓘ | 86.4 | -242 | -781 |
| Cash Flow from Ops. ⓘ | -368 | -682 | - |
| Debt/CF from Ops. ⓘ | -2.5 | -1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | -15.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | -378.9% | ||||
| BVPSⓘ | NA | NA | NA | -92.4% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'25 | Mar'26 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 1.7 | -4.5 | -31.3 |
| Op. Profit Mgn % ⓘ | 1.8 | -0.2 | NAN |
| Net Profit Mgn % ⓘ | 1.2 | -4 | -12.9 |
| Debt to Equity ⓘ | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 313 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 39 | 0 |
Valuation of Zetwerk Manufactur - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Sales | 12,364 | 11,332 | 15,913 |
| Operating Expenses ⓘ + | 12,368 | 11,076 | 15,600 |
| Operating Profit ⓘ | -4 | 256 | 313 |
| Operating Profit Margin (%) | -0.0% | 2.3% | 2.0% |
| Other Income ⓘ + | 185 | 182 | 208 |
| Interest ⓘ | 323 | 337 | 366 |
| Depreciation ⓘ | 182 | 161 | 197 |
| Profit Before Tax ⓘ | -798 | -205 | -916 |
| Tax ⓘ | 54 | 11 | 48 |
| Profit After Tax | -853 | -215 | -964 |
| PAT Margin (%) | -6.9% | -1.9% | -6.1% |
| Adjusted EPS (₹) | -26.1 | -9.8 | -43.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 3,800 | 4,202 | 3,869 | ||||||||
| Debt + | 1,138 | 1,679 | 1,545 | ||||||||
| Minority Interest | -3 | 42 | 160 | ||||||||
| Trade Payables | 4,119 | 2,970 | 3,214 | ||||||||
| Others Liabilities ⓘ | 1,271 | 1,462 | 4,591 | ||||||||
| Total Liabilities ⓘ | 10,326 | 10,355 | 13,378 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 817 | 1,227 | 2,334 | ||||||||
| CWIP ⓘ | 50 | 15 | 255 | ||||||||
| Investments ⓘ | 426 | 366 | 185 | ||||||||
| Inventories | 1,172 | 931 | 1,250 | ||||||||
| Trade Receivables | 2,112 | 1,753 | 2,330 | ||||||||
| Cash Equivalents | 1,150 | 1,908 | 2,444 | ||||||||
| Others Assets ⓘ | 4,599 | 4,156 | 4,580 | ||||||||
| Total Assets ⓘ | 10,326 | 10,355 | 13,378 | ||||||||
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -282 | -386 | -682 |
| Cash Flow From Investing Activity ⓘ + | -622 | -148 | -394 |
| Cash Flow From Financing Activity ⓘ + | 763 | 151 | 1,789 |
| Net Cash Flow ⓘ | -140 | -384 | 714 |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -22.61 | -5.43 | -57.28 | |||||||
| ROCE (%) | -8.97 | 2.31 | -8.63 | |||||||
| Asset Turnover Ratio | 1.2 | 1.1 | 1.35 | |||||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 62.20 | 62.10 | 46.50 | |||||||
| Inventory Days | 34.50 | 33.80 | 24.90 | |||||||
| Payable Days | 96 | 90.80 | 54.20 | |||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Zetwerk Manufacturing Businesses Ltd FAQs
The current trading price of Zetwerk Manufactur on 30-Oct-2026 16:59 is ₹163.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Oct-2026 the market cap of Zetwerk Manufactur stood at ₹27,658.7 Cr
The latest P/E ratio of Zetwerk Manufactur as of 29-Oct-2026 is 0.00.
The latest P/B ratio of Zetwerk Manufactur as of 29-Oct-2026 is 8.29.
The 52-week high of Zetwerk Manufactur is ₹168.8 and the 52-week low is ₹127.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zetwerk Manufactur is ₹6,052 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Zetwerk Manufacturing Businesses Ltd is a below average quality company.
No data found
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zetwerk Manufacturing Businesses Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Zetwerk Manufacturing Businesses Ltd
Zetwerk Manufacturing Businesses was originally incorporated at Chennai, Tamil Nadu as ‘Zetwerk Manufacturing Businesses Private Limited’ as a private limited company under the provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated December 6, 2017, issued by the Registrar of Companies (RoC), Central Registration Centre (CRC).
The company is a technology-led, asset-light manufacturing platform for industrial and consumer goods in India and globally. It aggregates manufacturing capacity across a network of third-party suppliers and its own facilities into a ‘universal factory’, unified through Zetwerk OS, its proprietary technology backbone. Its customers range across sizes, from innovative startups to mature companies, and across industries, including utilities, renewables, consumer electronics, artificial intelligence infrastructure, aerospace, space & defence, oil & gas, and industrial automation. Third-party suppliers with whom it works have capabilities in manufacturing processes, including sheet metal stamping, metal fabrication, injection moulding, extrusions, assembly, die casting, forging, grinding and machining, and span several countries, including industrial geographies such as India, Vietnam, Thailand, Taiwan, Germany, Spain, Eastern Europe, Mexico and the USA.
Business area of the company
Zetwerk Manufacturing Businesses and its subsidiaries are engaged in manufacturing of different industrial goods and consumer goods like fabricated steel structures, precision components, electronics products, defence products etc. Its manufacturing capabilities help customers reduce costs of existing and new production parts, optimize the number of suppliers and execute high-quality production faster.
Awards, accreditations and recognitions
- 2022: Awarded the ‘Mint Startup Icon of the Year - Infra & Logistics’ award by the Mint.
- 2022: Awarded the ‘National 5S Excellence Award’ by the Centre for Excellence for Competitiveness for SMEs, the Confederation of Indian Industry.
- 2022: Awarded the ‘Most Enterprising Business Award’ by Entrepreneur Awards.
- 2023: Awarded the ‘Forbes India Leadership Award - Outstanding Startup’ by Forbes India and co-powered by Commerzify.
- 2023: Named the ‘Top 25 India’s Best Workplaces in Manufacturing’ by Great Place to Work Institute, India.
- 2024: Named as the ‘2nd Most Valuable Engineering Brand’ in the Brand Finance Report published by Brand Finance.
- 2024: Named the ‘64th Most Valuable Brand- India 100’ by Brand Finance Report published by Brand Finance.
- 2024: Named the ‘Top 75 Innovative Company’ by CII Industrial Innovation Awards 2024.
- 2025: Awarded the ‘Top rated tech startup’ at the ABECA Employee Choice Award 2025 by AmbitionBox.
- 2025: Awarded the ‘Top rated internet/ product company (mid-sized category)’ at the ABECA Employee Choice Award 2025 by AmbitionBox.
- 2025: Awarded the ‘ASK Private Wealth Hurun India Leadership in Scalable ‘Make in India’ Manufacturing Infrastructure Award’ by the Hurun India.
- 2026: Awarded the ‘Top rated tech startup’ at the ABECA Employee Choice Award 2026 by AmbitionBox.
History and milestones
- 2017: The company was incorporated.
- 2018: Launched manufacturing business focused on metal fabrication for capital goods fulfilled through a third-party supplier network.
- 2018: Launched request for quotation (RFQ) engine to run auctions with suppliers.
- 2019: Launched the ‘Zetwerk Integrated System Orchestrator’ i.e. a project management system, designed to provide updates to its customers on manufacturing projects across multiple suppliers.
- 2020: Diversified into multiple industries within capital goods such as renewables, grid products, process plant equipment, oil and gas, etc.
- 2021: International expansion primarily to USA driven by China +1 movement of diversifying global supply chains into India.
- 2021: Acquired a metal fabrication facility in Nagpur, Maharashtra which had RDSO certification for production of open and composite girders for the railway girder market.
- 2021: Acquired 75% stake in Sharp Tanks and Structurals Private Limited, to obtain certifications to participate in contracts for oil and gas industry.
- 2022: Commenced supply of recurring parts to original equipment manufacturers in the sectors such as consumer electronics, solar trackers, etc.
- 2022: Launched Zetwerk assurance on quality (ZAQ) to drive quality assurance at scale for its manufacturing businesses.
- 2022: Acquired 100% stake in Unimacts Global LLC, previously its customer for distributing solar components in USA.
- 2023: Establishment of a greenfield manufacturing plant in Las Vegas, USA, by its subsidiary, Unimacts Global LLC.
- 2023: Opened integrated facility for aerospace and defence business by acquiring Pinaka Aerospace Solutions Private Limited
- 2024: Expanded operations into IT hardware manufacturing.
- 2024: Received a solar photovoltaic module order of Rs 20,043.45 million from a Government of India owned renewable energy company to be executed with six third party module manufacturers.
- 2025: Acquisition of Kryfs Power Components, a manufacturer of transformer components to augment its presence in the supply chain of transformer.
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