Arthneeti

Zodiac Energy Q2 FY27 Share Price & Earnings Call Analysis

₹208.54-1.27% today
Market cap
₹316 Cr
P/E
12.42
ROE
18.72%
PEG
0.15
Price to sales
0.52
Debt to equity
1.86
52W high / low
₹398 / ₹185
Sales growth (5Y)
40.19%
EBITDA margin
10.36%
Net profit margin
3.68%
Promoter holding
69.97%
Sales (last year)
₹587 Cr

Guidance scorecard · Q2 FY27 call

What Zodiac Energy's management guided
and where it ranks in Construction

Revenue40%+MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY25 call

40%+
  • Zodiac Energy anticipates continued growth driven by the expanding solar energy sector and increasing deployment of solar power across India.
  • The company expects most of its current 50 MW order book to be executed within FY25, supporting revenue growth.
  • New investments in the Independent Power Producer (IPP) segment, notably a 26.56 MW PM KUSUM project valued at approximately INR150 crores, will contribute to future sales.
  • Expansion beyond India, particularly in Africa, is planned with strong prospects for converting leads into confirmed orders.
  • Government schemes like PM Surya Ghar Yojana and PM KUSUM are significant growth drivers.
  • Increasing investments from customers in captive solar projects totaling around INR300 crores indicate rising demand.

2 more points from Zodiac Energy's call on revenue

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Full Q1 FY25 analysis

MarginsQ1 FY25 call

Flat

See what Zodiac Energy said on margins — free account, 30 seconds.

Full Q1 FY25 analysis

CapexQ1 FY25 call

Planned
  • Zodiac Energy Limited is actively evaluating investment opportunities in the Independent Power Producer (IPP) segment.
  • A significant ongoing investment is the PM KUSUM scheme project, worth approximately INR150 crores, involving a 26.56 MW solar power plant with a PPA secured with UGVCL.
  • The company is looking for further investment opportunities in the commercial and industrial (C&I) segment, particularly in group captive and third-party solar power plants.

2 more points from Zodiac Energy's call on capex

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Full Q1 FY25 analysis

FundraisingQ1 FY25 call

Planned

See what Zodiac Energy said on fundraising — free account, 30 seconds.

Full Q1 FY25 analysis

Order bookQ1 FY25 call

Rising
  • Zodiac Energy Limited currently has an order book of about 50 megawatts, including rooftop and ground-mounted open-access captive projects.
  • Majority of these orders are expected to be executed within the current financial year (FY 2025).
  • The company is actively bidding for government contracts through tenders and securing orders from private clients via marketing and techno-commercial negotiations.

2 more points from Zodiac Energy's call on the order book

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Full Q1 FY25 analysis
Full Construction ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Construction
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Zodiac Energy rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Construction companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,105 Cr10.9
240%+Flat₹2,003 Cr8.8
340%+Flat₹933 Cr7.9
440%+Flat₹912 Cr7.8
540%+Flat₹714 Cr13.0
640%+Flat₹465 Cr15.3

Sign up free to see every company in the sector ranking and track Zodiac Energy.

Pro shows every company guiding 40%+ revenue growth →Full Construction ranking

Financials of Zodiac Energy

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

Shareholder Pattern

Zodiac Energy

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +72.86%72.87%72.73%70.01%70.01%70.01%69.89%69.89%69.91%69.97%69.97%69.83%
FIIs +0.00%0.00%0.00%1.46%1.32%0.91%0.54%0.54%0.33%0.15%0.14%0.20%
DIIs +0.00%0.00%0.00%0.59%0.56%0.56%0.34%0.34%0.34%0.20%0.20%0.19%
Public +27.14%27.14%27.27%27.93%28.11%28.52%29.22%29.22%29.42%29.68%29.70%29.77%
No. of Shareholders26,56930,05931,85937,42040,22941,64141,70839,59138,12036,86736,30735,367

Financials of Zodiac Energy

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +34.4146.92106.6379.3452.77104.33171.3498.0596.78137.56211.12141.81164.78
Expenses +31.3941.8797.8175.1547.8694.00153.7388.3686.51123.87189.31126.75146.71
Operating Profit3.025.058.824.194.9110.3317.619.6910.2713.6921.8115.0618.07
OPM %8.78%10.76%8.27%5.28%9.30%9.90%10.28%9.88%10.61%9.95%10.33%10.62%10.97%
Other Income +0.040.180.300.250.180.461.010.340.300.541.341.481.03
Interest1.140.911.191.041.122.603.954.414.414.495.474.634.60
Depreciation0.190.200.200.220.200.541.721.982.622.722.632.312.36
Profit before tax1.734.127.733.183.777.6512.953.643.547.0215.059.6012.14
Tax %14.45%28.64%26.39%26.73%33.95%25.23%27.10%26.10%24.29%27.64%29.37%26.88%24.38%
Net Profit +1.482.955.692.332.495.719.442.692.685.0810.637.029.18
EPS in Rs1.012.023.891.591.653.786.251.781.773.367.034.646.06

Financials of Zodiac Energy

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +9917386368100143138220408544655
Expenses +891635586393134130201371488587
Operating Profit01135579819375669
OPM %3.6%6%4.8%8%8%7%7%6%5%9%9%10%10%
Other Income +0000000111224
Interest000001123491919
Depreciation000000011131010
Profit before tax00035468415282944
Tax %17%31%31%27%31%30%26%28%27%26%27%28%
Net Profit +00023345311202132
EPS in Rs0.140.310.691.372.122.053.023.732.187.5013.2313.9321.09
Dividend Payout %44%0%0%0%59%0%0%0%0%0%6%5%

Financials of Zodiac Energy

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital0.880.880.8877715151515151515
Reserves0011013161318213381102118
Borrowings +33414613184641175217178
Other Liabilities +2133414162813276715162
Total Liabilities768212843567995116339485373
Fixed Assets +110101233492128127
CWIP0000000000710
Investments000000000001821
Other Assets +657202843537692111239338225
Total Assets768212843567995116339485373

Financials of Zodiac Energy

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-0-8-6-0-42-2316-4948
Cash from Investing Activity +0-11-1-2-4-3-5-105-59
Cash from Financing Activity +011316325-1015323
Net Cash Flow02-2001-11011
Free Cash Flow-0-8-5-0-51-2314-1478
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-6%-248%-98%26%-35%41%-280%103%-120%88%

Financials of Zodiac Energy

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days20613310810010213683781101305176
Inventory Days4969415444778288522856110
Days Payable964935101230455914295041
Cash Conversion Cycle15915311314413418312010614812957145
Working Capital Days8611118131109113888267723323
ROCE %6%12%16%26%23%19%20%20%11%22%20%16%

Continue your research

What Zodiac Energy's management said in earlier quarters

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