ZETWERK share price, P/E, ROE & financials

Zetwerk Manufacturing Businesses (ZETWERK) is loss-making over the last 12 months, losing ₹177 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹164.89. Sales grew 57% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹2,333 Cr. It is a small-cap company with a market cap of ₹27,937 Cr, ranked 4th of 71 Metal Fabrication companies by market cap; the shares rose 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹165.00
Day high: ₹167.40
Day low: ₹154.74
Prev. close: ₹166.73
Volume: 84.1 L

Health check

5 to check

ReturnsBehind
+19.3% over a year, better than 2 of 7 peers.
Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
GrowthUnder pressure
Sales +56.9% a year over 3 years, but loss-making now.
ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
Balance sheetStretched
Negative net worth: liabilities exceed assets.
Red flags4 to check
Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹27,937 Cr, #4 of 71 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹17,382 Cr · profit ₹−177 Cr

Market cap: ₹27,937 Cr; Small cap
P/E: n/a; Industry 25.1
Price to book: −2.47; Peers 7.00
Dividend yield: 0.00%
ROE: −36.0%; Peers 8.6%
ROCE: −13.0%; Peers 15.6%
Debt to equity: 0.57; Debt ₹2,333 Cr
EPS (TTM): −₹1.05; Face value ₹1
OPM (TTM): 0.1%; Net margin −5.8%
Sales growth: +55.4%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 1.61; EV/EBITDA 110.0

Strengths

Quarterly sales up 55.4% on a year ago.

Risks to check

Loss-making over the last twelve months.
Negative net worth: liabilities exceed assets.
Return on equity is low at −36.0%.
Interest coverage of only 2.8×.

Derived automatically from reported figures. Not a recommendation.

About Zetwerk Manufacturing Businesses

Zetwerk Manufacturing Businesses Limited manufactures custom-made industrial and consumer goods in India and globally. The company operates through two segments: Manufacturing Business and Ecosystem Business. The company's Manufacturing Business segment designs, manufactures, supplies, and installs products across energy, precision, and capital goods verticals. Under energy products, it offers fabricated steel structures, solar modules, solar tracker…

Headquarters: Bengaluru
Employees: 3,754
Sector: Industrials
ISIN: INE09PO01019
Website: zetwerk.com

Price range

52 weeks

₹127.40₹172.78

Today

₹154.74₹167.40

Avg volume (3M): 2.5 Cr
1-year return: plus 19.3%
From 52-week high: minus 4.6%

Peers · Metal Fabrication

Compare with peers Screen the whole industry

Company
BHARATFORGBharat Forge	1,740.00	minus 0.74%	85,029	121.8	7.23	15.6%	6.7%	14.7%	9.7%	26.9%	0.49%	plus 32.3%
INDOMIMINDO-MIM	1,219.50	minus 3.93%	60,302	101.1	20.94	22.8%	21.3%	28.6%	15.8%	4.9%	0.00%	plus 64.4%
PTCILPTC Industries	24,335.00	plus 0.04%	38,564	290.6	23.73	7.9%	8.6%	24.6%	40.7%	57.8%	0.00%	plus 41.4%
ZETWERKZetwerk Manufacturing Businesses	164.89	minus 1.10%	27,937	–	−2.47	−13.0%	−36.0%	0.1%	56.9%	–	0.00%	plus 19.3%
HAPPYFORGEHappy Forgings	1,694.50	minus 10.00%	15,996	49.0	7.00	18.9%	15.2%	30.6%	9.8%	13.1%	0.24%	plus 85.8%
RKFORGERamkrishna Forgings	693.85	minus 4.25%	13,087	68.4	3.51	4.7%	5.6%	17.1%	10.5%	−33.9%	0.58%	plus 35.6%
GRAVITAGravita India	1,493.90	minus 0.07%	10,883	27.3	4.11	18.1%	16.2%	9.3%	14.9%	23.5%	0.52%	minus 15.4%
RHIMRHI MAGNESITA INDIA LTD.	359.80	minus 0.21%	7,430	–	2.09	−7.2%	−10.1%	11.7%	13.9%	–	0.69%	minus 24.4%
Median of 7 peers	–	−0.74%	15,996	84.7	7.00	15.6%	8.6%	17.1%	13.9%	18.3%	0.49%	35.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

₹ Cr	Jun 25	Jun 26
	2,649	4,117
	2,625	4,042
	23.7	75.2
	0.9%	1.8%
	−23.5	−31.4
	25.1	61.8
	49.8	69.6
	−801	36.1
	−876	−51.4
	−0.5%	−24.8%
	−1,370	−738
	-8.08	-4.35

Sep 25, Dec 25, Mar 26 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +56.9%
ROE: −36.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4,117	12,339	11,324	15,908
–	+199.7%	minus 8.2%	+40.5%
4,042	12,307	11,241	15,553
75.2	32.5	83	355
1.8%	0.3%	0.7%	2.2%
−31.4	−216	55.5	−83.4
61.8	50.6	110	128
69.6	192	177	214
36.1	−371	−55.5	−846
−51.4	−798	−205	−916
−24.8%	−6.8%	−5.1%	−5.2%
−733	−919	−366	−1,632
-4.33	-5.43	-2.16	-9.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
11.4	10.7	11.3	11.4
3,916	4,055	4,400	4,643
2,302	1,402	1,999	2,307
5,786	4,863	3,945	6,423
12,016	10,331	10,355	13,385
1,518	534	867	1,457
349	50.4	35.6	263
17.8	16.4	51.4	36.1
1,132	1,772	1,611	1,903
8,999	7,958	7,791	9,726
12,016	10,331	10,355	13,385

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−506	−282	−386	−682
−135	−622	−148	−394
−263	763	151	1,789
−905	−140	−384	714
−65.4	−354	−195	−285
−572	−635	−581	−966

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 29.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you