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Zeal Aqua Ltd (539963)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539963 NSE: Aquaculture | Small Cap | Zeal Aqua Share Price

₹10.41 -0.01 (-0.10%)

As on 25-Sep'26 16:59

Zeal Aqua Ltd (539963)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539963 NSE: Aquaculture | Small Cap | Zeal Aqua Share Price

₹10.41 -0.01 (-0.10%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹131 Cr.
Current Price
₹10.4
52-Week Low / High
₹9 / 18
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
19
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
28.54%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
68.42%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹12.6 Cr.
Face Value
₹1
All Time Low / High
₹4.27 / 20.00

Zeal Aqua stock performance

Key Ratios
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Valuation

Undervalued

Price Trend

Weak
Q.1 Is Zeal Aqua Ltd a good quality company?
Zeal Aqua Ltd is a weak quality company, based on a inconsistent 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 Zeal Aqua Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zeal Aqua Ltd vs industry peers?
Zeal Aqua Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Zeal Aqua Ltd?
Promoters hold 68.42% of the Zeal Aqua Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zeal Aqua Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.3% 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 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ11.1%9.9%14.1%14.7%12.5%11.1%9.6%11.1%10.9%14.7%-
Value Creation
Index ⓘ
-0.2-0.30.00.1-0.1-0.2-0.3-0.2-0.20.1-

Growth Parameters ⓘ

Sales ⓘ121175178232239297345363398511695
Sales YoY Gr.-43.9%1.7%30.7%2.8%24.7%16.1%5.1%9.7%28.5%-
Adj EPS ⓘ0.20.10.30.70.40.30.40.50.60.81.2
YoY Gr.--33.3%128.6%103.1%-33.9%-27.9%29%27.5%21.6%24.2%-
BVPS (₹) ⓘ2.32.93.33.94.44.655.66.37.18.4
Adj Net
Profit ⓘ
1.91.848.25.4456.47.89.715
Cash Flow from Ops. ⓘ-1.18.5-17.413.910.96.8-4.623.924.634.6-
Debt/CF from Ops. ⓘ-36.35.9-56.48.617.6-27.65.76.45.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ17.3%16.5%14%28.5%
Adj EPS ⓘ15.5%12.4%24.4%24.2%
BVPSⓘ13.4%10.1%12%13%
Share Price 6.3% 5% 10.8% 6.2%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
9.56.210.318.310.578.29.510.411.515.2
Op. Profit
Mgn % ⓘ
7.55.3129.35.86.44.55.25.36.54
Net Profit
Mgn % ⓘ
1.612.33.52.31.31.51.821.92.1
Debt to
Equity ⓘ
1.81.42.11.81.72.121.922-
Working Cap
Days ⓘ
957812716421823321421022019392
Cash Conv.
Cycle ⓘ
67509010612913513414314313025

Valuation of Zeal Aqua - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

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Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Zeal Aqua Ltd FAQs

The current trading price of Zeal Aqua on 25-Sep-2026 16:59 is ₹10.41.

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 24-Sep-2026 the market cap of Zeal Aqua stood at ₹131.2 Cr

The latest P/E ratio of Zeal Aqua as of 24-Sep-2026 is 8.91.

The latest P/B ratio of Zeal Aqua as of 24-Sep-2026 is 1.25.

The 52-week high of Zeal Aqua is ₹17.80 and the 52-week low is ₹8.75.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zeal Aqua is ₹695 ( Cr.) .

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

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

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.

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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