On 6 Nov 2026, Zeal Aqua was priced at ₹10.64, or 9.1× trailing earnings, and the shares are 40% below their 52-week high. Sales and net profit grew 23% and 26% a year over 3 years, with ROCE of 34% and ROE of 15%. Debt is 1.80× equity. It is a small-cap company with a market cap of ₹134 Cr; the shares fell 4.1% over the past year.
- ₹10.45
- ₹11.00
- ₹10.05
- ₹10.15
- 1.3 L
Health check
- ReturnsModest
−4.1% over the past year.
- Price tagNo peers
P/E 9.1, with no peers to compare.
- GrowthStrong
Sales +22.5%, profit +26.0% a year over 3 years.
- ProfitabilityStrong
ROCE 33.8%.
- Balance sheetStretched
Debt 1.80× equity, interest covered 1.3×.
- Red flags3 to check
Debt is 1.80× equity.
Small cap
Defensive
Key metrics
- Market cap
- ₹134 Cr
- Small cap
- P/E
- 9.1
- Price to book
- 1.30
- Book value ₹8.21
- Dividend yield
- 0.00%
- ROE
- 14.7%
- Return on equity
- ROCE
- 33.8%
- Return on capital employed
- Debt to equity
- 1.80
- Debt ₹186 Cr
- EPS (TTM)
- ₹1.17
- OPM (TTM)
- 4.0%
- Net margin 2.1%
- Sales growth
- +21.8%
- Latest quarter vs a year ago
- Profit growth
- +40.0%
- Latest quarter vs a year ago
- Price to sales
- 0.19
- EV/EBITDA 6.7
Strengths and risks
Strengths
- Return on capital employed of 33.8%.
- Quarterly profit up 40.0% on a year ago.
- Quarterly sales up 21.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 1.80× equity.
- 40% below its 52-week high.
- Interest coverage of only 1.3×.
About Zeal Aqua
Zeal Aqua Limited, an aquaculture company, engages in the farming, producing, and harvesting of prawns in India and internationally. The company trades in shrimp medicines, seeds, and feeds. It also offers fish and shrimps, as well as shrimp processing units. It also exports its products. The company was incorporated in 2009 and is based in Surat, India.
- Headquarters
- Surat
- Employees
- 230
- Sector
- Consumer Defensive
- ISIN
- INE819S01025
- Website
- zealaqua.com
Price range
- Avg volume (3M)
- 63.9K
- 1-year return
- minus 4.1%
- From 52-week high
- minus 40.2%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 124 | 185 | 222 | 137 | 151 | |
| 117 | 174 | 213 | 135 | 144 | |
| 6.6 | 10.4 | 9.1 | 1.6 | 6.8 | |
| 5.3% | 5.6% | 4.1% | 1.1% | 4.5% | |
| 1.7 | 1.4 | 7.8 | 7.4 | 3.2 | |
| 4.7 | 6 | 5.5 | 5.1 | 5.4 | |
| 1.3 | 1.3 | 1.3 | 1.3 | 1.5 | |
| 2.4 | 4.5 | 10.1 | 2.6 | 3.1 | |
| 35.6% | 33.3% | 25.7% | 21.2% | 29.7% | |
| 1.5 | 3 | 7.5 | 2 | 2.2 | |
| 0.12 | 0.24 | 0.60 | 0.16 | 0.17 |
Profit & loss
- Sales CAGR 3Y
- +22.5%
- Profit CAGR 3Y
- +26.0%
- EPS CAGR 3Y
- +25.9%
- ROE
- 14.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 363 | 398 | 510 | 668 | |
| – | +9.7% | +28.2% | +31.0% | |
| 340 | 376 | 477 | 640 | |
| 23.2 | 22.3 | 33 | 27.7 | |
| 6.4% | 5.6% | 6.5% | 4.1% | |
| 3.4 | 5.8 | 9.7 | 18.5 | |
| 13 | 12.8 | 22.2 | 21.3 | |
| 5.3 | 5 | 5.5 | 5.2 | |
| −0 | −0.1 | −0.1 | – | |
| 8.2 | 10.3 | 14.9 | 19.6 | |
| 13.8% | 19.3% | 32.4% | 28.1% | |
| 7.1 | 8.3 | 10.1 | 14.1 | |
| – | +17.3% | +21.6% | +40.3% | |
| 0.56 | 0.66 | 0.80 | 1.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 12.6 | 12.6 | 12.6 | |
| 58.1 | 66.4 | 76.5 | 90.6 | |
| 136 | 157 | 182 | 194 | |
| 62.6 | 58.9 | 60.1 | 43.2 | |
| 270 | 295 | 331 | 341 | |
| 34.3 | 40.2 | 38 | 38.4 | |
| – | 3.9 | – | – | |
| 6.9 | 6.8 | 9.7 | 13.6 | |
| 1 | 4.7 | 0.7 | 0.9 | |
| 228 | 240 | 283 | 288 | |
| 270 | 295 | 331 | 341 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 23.9 | 24.6 | 24.6 | 34.6 | |
| −1.7 | −10.3 | −10.3 | −2.6 | |
| −22.4 | −10.6 | −10.6 | −36 | |
| −0.2 | 3.7 | 3.7 | −4 | |
| −2.2 | −10.9 | −10.9 | −3.4 | |
| 21.7 | 13.7 | 13.7 | 31.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.