Zeal Aqua Ltd Share Price ₹11.8 | P/E 10.3

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Zeal Aqua Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	133.81	65.34	79.99	116.40	136.38	65.04	87.24	152.16	169.34	102.58	123.87	184.70	222.08
Expenses +	127.27	61.24	76.62	112.19	130.32	57.49	82.25	146.49	157.49	92.13	117.29	174.32	212.95
Operating Profit	6.54	4.10	3.37	4.21	6.06	7.55	4.99	5.67	11.85	10.45	6.58	10.38	9.13
OPM %	4.89%	6.27%	4.21%	3.62%	4.44%	11.61%	5.72%	3.73%	7.00%	10.19%	5.31%	5.62%	4.11%
Other Income +	1.56	2.20	2.22	1.66	1.92	2.04	1.80	2.30	3.76	1.77	1.75	1.44	7.83
Interest	3.58	3.46	3.42	3.53	3.22	3.61	4.03	4.92	7.80	5.34	4.68	6.02	5.53
Depreciation	1.25	1.58	1.26	1.28	1.27	1.18	1.87	0.69	1.45	1.46	1.27	1.30	1.28
Profit before tax	3.27	1.26	0.91	1.06	3.49	4.80	0.89	2.36	6.36	5.42	2.38	4.50	10.15
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	35.71%	33.33%	25.71%
Net Profit +	3.27	1.26	0.91	1.06	3.49	4.80	0.90	2.35	6.36	5.42	1.54	3.00	7.53
EPS in Rs	0.26	0.10	0.07	0.08	0.28	0.38	0.07	0.19	0.50	0.43	0.12	0.24	0.60

Financials of Zeal Aqua Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	136	171	121	175	178	232	239	296	342	362	398	511	633
Expenses +	127	161	112	165	156	210	225	277	326	343	376	478	597
Operating Profit	9	10	9	9	21	22	14	19	16	19	21	33	37
OPM %	7%	6%	7%	5%	12%	9%	6%	7%	5%	5%	5%	6%	6%
Other Income +	0	0	0	0	2	6	11	5	8	8	8	10	13
Interest	3	4	5	4	9	10	12	13	10	14	14	22	22
Depreciation	1	2	3	2	8	8	7	7	6	5	5	5	5
Profit before tax	5	4	2	3	6	9	6	5	7	8	10	15	22
Tax %	33%	25%	2%	35%	32%	20%	12%	16%	20%	14%	19%	32%
Net Profit +	4	3	2	2	4	8	5	4	6	7	8	10	17
EPS in Rs	0.61	0.33	0.21	0.14	0.33	0.59	0.42	0.34	0.46	0.56	0.66	0.80	1.39
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Financials of Zeal Aqua Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	2	3	3	4	4	13	13	13	13	13	13	13	13
Reserves	14	16	18	33	37	36	41	45	51	58	66	77	81
Borrowings +	13	40	38	49	85	83	88	119	127	131	157	181	241
Other Liabilities +	10	4	5	12	17	46	69	88	34	68	59	61	89
Total Liabilities	40	63	65	98	143	178	211	266	225	270	295	331	424
Fixed Assets +	11	14	13	13	53	46	40	40	37	34	36	38	37
CWIP	0	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	0
Other Assets +	28	42	39	47	89	129	165	226	187	235	255	293	387
Total Assets	40	63	65	98	143	178	211	266	225	270	295	331	424

Financials of Zeal Aqua Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	14	28	-1	7	-17	14	16	7	-5	24	25	35
Cash from Investing Activity +	-3	-12	-8	-29	-11	-4	-2	-0	-2	-2	-10	-3
Cash from Financing Activity +	-10	-5	-2	23	29	-12	-13	-7	2	-22	-11	-36
Net Cash Flow	0	11	-11	1	2	-2	1	0	-4	-0	4	-4
Free Cash Flow	13	16	-9	-22	-28	10	13	6	-7	22	14	31
CFO/OP	154%	281%	-9%	83%	-75%	77%	131%	37%	-24%	134%	126%	120%

Financials of Zeal Aqua Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	36	47	81	67	83	91	96	112	53	66	77	73
Inventory Days	3	2	8	5	94	852		178	152	180	158	136
Days Payable	12	5	16	23	32	615		129	42	75	61	47
Cash Conversion Cycle	27	43	73	48	145	329	96	161	164	172	174	162
Working Capital Days	46	-24	-6	-2	-6	20	29	43	65	57	54	43
ROCE %	28%	19%	11%	10%	14%	15%	13%	11%	10%	11%	11%	15%

Zeal Aqua Ltd Q4 FY18 Share Price & Earnings Call Analysis