Zeal Aqua Ltd Stock Analysis

BSE: 539963 | NSE: | Aquaculture | Small Cap

BSE Share Price 22-Sep-2023 18:02
8.00 0.03 (0.38%)

DeciZen - Make an Informed Decision on Zeal Aqua

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Zeal Aqua Price Chart

P/E Ratio ( SA) :
Market Cap :
100.5 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Zeal Aqua Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zeal Aqua Ltd is a average quality company.

2. Is Zeal Aqua Ltd undervalued or overvalued?

The key valuation ratios of Zeal Aqua Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Zeal Aqua Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zeal Aqua Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Zeal Aqua:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Zeal Aqua Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 19.2%13.7%8.7%6.8%9.6%11.5%9.5%8%6.7%8.1%-
Value Creation Index 0.40.0-0.4-0.5-0.3-0.2-0.3-0.4-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 136171121175178232239297345363403
YoY Gr. Rt. %-26%-29.2%43.9%1.7%30.7%2.8%24.7%16.1%5.1%-
YoY Gr. Rt. %--13.2%-36.4%-33.3%128.6%103.1%-33.9%-27.9%29%27.5%-
BVPS (₹)
Adj Net Profit
Cash Flow from Ops. 13.528.2-1.18.5-17.413.910.96.8-4.622.5-
Debt/CF from Ops. 11.4-36.35.9-56.48.617.6-27.66.1-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.5%15.4%15%5.1%
Adj EPS 3.3%9.8%5.9%27.5%
Share Price - -12.2% 6.2% -2.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 26.517.
Op. Profit Mgn %
Net Profit Mgn %
Debt to Equity
Working Cap Days 755895781271642182332142100
Cash Conv. Cycle 43326750901061291351341430

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.80%

Sales growth is growing at healthy rate in last 3 years 14.99%

Debt to equity has declined versus last 3 years average to 1.94

Sales growth is good in last 4 quarters at 25.66%

Net Profit has been subdued in last 3 years 5.85%

Latest Financials - Zeal Aqua Ltd.

Standalone Consolidated
TTM EPS (₹) 0.6 -
TTM Sales (₹ Cr.) 403 -
BVPS (₹.) 5.7 -
Reserves (₹ Cr.) 59 -
P/BV 1.41 -
PE 14.46 -
From the Market
52 Week Low / High (₹) 6.06 / 9.09
All Time Low / High (₹) 4.27 / 20.00
Market Cap (₹ Cr.) 100
Equity (₹ Cr.) 12.6
Face Value (₹) 1
Industry PE 32.9

Management X-Ray of Zeal Aqua :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Zeal Aqua

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Zeal Aqua Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zeal Aqua on 22-Sep-2023 18:02 is : 8.00.
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 22-Sep-2023 18:02 the market cap of Zeal Aqua stood at ₹ 100.5.
The latest PE ratio of Zeal Aqua as of 22-Sep-2023 18:02 is 14.46.
The latest PB ratio of Zeal Aqua as of 22-Sep-2023 18:02 is 1.41
The 52-week high of Zeal Aqua is ₹ 9.09 and the 52-week low is ₹ 6.06.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Zeal Aqua is ₹ 403.4 ( Cr.) .

About Zeal Aqua Ltd

The company was incorporated as ‘Zeal Aqua Private Limited’ at Surat under the provision of the Companies Act, 1956 vide certificate of incorporation dated March 6, 2009 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of the company to public limited company, the name of the company was changed to ‘Zeal Aqua Limited’ and fresh certificate of incorporation dated March 31, 2015 was issued by the Assistant Registrar of Companies, Ahmedabad.

The company’s promoters who were individually engaged in culturing shrimps joined hands in 2009 and incorporated the company ‘Zeal Aqua Private Limited’ to make the business scalable and reap the benefits of synergy. In addition, the introduction of schemes of Government to allot coastal lands for aquaculture purposes to promote this industry and generate a source of revenue for farmers motivated its promoters to have a vision to develop an advanced, sustained and fully integrated aquaculture system in Surat and also across India.

After establishing the strong foothold in the shrimp farming and satellite farming activities, as a part of forward integration the company is in process of setting up shrimp processing unit for their shrimp including cold storage and primarily to manufacture Individually quick frozen (IQF) shrimp products for which the company had already purchased land admeasuring area of 35076 sq meters and 14569 sq meter land on lease basis at Village Orma, Olpad, Surat. In order to achieve its object of enhancing productivity, quality and minimize environmental degradation the company has taken various measures such as introduction of PE Line Ponds, use of qualitative feeds, bio-security measures such as fencing and water management among others.

Business area of the company

The company has around 160 ponds spread over village Mor, Delasa, Mandorai, Katpore, Nesh, Dandi, Olpad, Orma, Bhagwa, Kantyajal, etc admeasuring area of around 200 hectares of land wherein the land on which ponds are constructed for cultivation of shrimp by the company is in accordance with collaboration agreements with various parities. The company is also engaged in satellite farming whereby it supplies inputs i.e shrimp feeds, shrimp seeds, probiotics and other aquaculture related products etc on credit to small farmers and buys shrimps from these farmers. The company has approx 1050 satellite farms. It deploys its specific quality control measures and the farmers under satellite farming are required to adhere to its farming standards. The satellite farming enables companies to scale up and multiply its production without putting up physical infrastructure on its own. This flexible model of shrimp production helps the company to efficiently manage growing demand of shrimps.

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