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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543416 | NSE: ZODIAC

Fundamental Analysis of Zodiac Energy Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:32 am

Market Cap 806 Cr.
Current Price 548
High / Low548/98.4
Stock P/E117
Book Value 26.2
Dividend Yield0.00 %
ROCE11.2 %
ROE8.90 %
Face Value 10.0

Data Source: screener.in

Competitors of Zodiac Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliance Industrial Infrastructure Ltd 1,896 Cr. 1,2561,605/821177 2650.28 %2.49 %2.32 % 10.0
Rites Ltd 16,104 Cr. 670826/35034.9 1073.06 %29.7 %21.3 % 10.0
Pansari Developers Ltd 159 Cr. 91.2152/70.237.9 70.80.00 %1.81 %1.60 % 10.0
Perfect Infraengineers Ltd 72.8 Cr. 44.361.4/14.348.2 14.80.00 %1.31 %2.85 % 10.0
Power Mech Projects Ltd 8,314 Cr. 5,2605,550/2,57234.9 8650.04 %22.2 %17.9 % 10.0
Industry Average5,309.16 Cr1,464.3066.58264.520.68%11.50%9.19%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales14.4241.6321.8945.1719.6956.2324.1126.4924.9562.1032.1034.4146.92
Expenses13.3337.7421.8341.4018.3152.8125.0324.0822.5558.4930.0431.3941.87
Operating Profit1.093.890.063.771.383.42-0.922.412.403.612.063.025.05
OPM %7.56%9.34%0.27%8.35%7.01%6.08%-3.82%9.10%9.62%5.81%6.42%8.78%10.76%
Other Income0.040.190.010.110.430.580.400.210.070.150.450.040.18
Interest0.380.250.280.350.360.610.510.650.901.121.171.140.91
Depreciation0.140.120.140.140.150.180.190.190.200.200.190.190.20
Profit before tax0.613.71-0.353.391.303.21-1.221.781.372.441.151.734.12
Tax %31.15%29.38%5.71%21.53%13.08%40.81%0.82%8.43%16.79%34.02%28.70%14.45%28.64%
Net Profit0.432.62-0.322.661.121.90-1.211.641.141.610.821.482.95
EPS in Rs0.291.79-0.221.820.771.30-0.831.120.781.100.561.012.02

Last Updated: April 10, 2024, 3:53 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:32 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales69109917386368100143138176
Expenses699891635586393134130162
Operating Profit00001135579814
OPM %3%4%4%4%6%5%8%8%7%7%6%5%8%
Other Income0000000000111
Interest0000000011234
Depreciation0000000000111
Profit before tax0000003546849
Tax %28%55%31%17%31%31%27%31%30%26%28%27%
Net Profit0000002334537
EPS in Rs0.720.500.610.280.611.391.372.122.053.023.732.184.69
Dividend Payout %34%24%20%44%0%0%0%59%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.00%0.00%33.33%25.00%-40.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%33.33%-8.33%-65.00%

Growth

Compounded Sales Growth
10 Years:32%
5 Years:29%
3 Years:26%
TTM:33%
Compounded Profit Growth
10 Years:42%
5 Years:9%
3 Years:1%
TTM:98%
Stock Price CAGR
10 Years:%
5 Years:116%
3 Years:198%
1 Year:301%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:14%
Last Year:9%

Last Updated: April 16, 2024, 6:30 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111177715151515
Reserves00000110131613182124
Borrowings22333414613184639
Other Liabilities103213341416281315
Total Liabilities43776821284356799592
Fixed Assets0011101012333
CWIP0000000000000
Investments0000000000000
Other Assets43765720284353769289
Total Assets43776821284356799592

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0-0-8-6-0-42-23
Cash from Investing Activity 00-11-1-2-4-3
Cash from Financing Activity 0011316325
Net Cash Flow002-2001-1

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-2.00-2.00-3.00-3.00-2.00-3.002.001.00-1.00-6.00-9.00-38.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days159511952061331081001021368378110
Inventory Days6459496941544477828852
Days Payable1148964935101230455914
Cash Conversion Cycle159114106159153113144134183120106148
Working Capital Days16310812215913787135133144130104162
ROCE %6%10%9%6%12%16%26%23%19%20%20%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthOct 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters72.44%72.44%72.79%72.84%72.85%72.86%72.86%72.86%72.86%72.86%72.86%72.86%
Public27.57%27.57%27.20%27.16%27.15%27.14%27.15%27.14%27.15%27.14%27.14%27.14%
No. of Shareholders4764564254515,89910,65615,93219,14620,98024,84025,36826,569

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.183.733.074.104.24
Diluted EPS (Rs.)2.183.733.074.104.24
Cash EPS (Rs.)2.714.153.194.254.39
Book Value[Excl.RevalReserv]/Share (Rs.)24.6422.4919.1232.0927.99
Book Value[Incl.RevalReserv]/Share (Rs.)24.6422.4919.1232.0927.99
Dividend / Share (Rs.)0.000.000.000.002.50
Revenue From Operations / Share (Rs.)94.0797.7068.5993.1986.49
PBDIT / Share (Rs.)5.706.734.896.996.72
PBIT / Share (Rs.)5.176.314.776.856.56
PBT / Share (Rs.)2.995.224.135.846.18
Net Profit / Share (Rs.)2.183.733.074.104.24
PBDIT Margin (%)6.056.897.137.507.76
PBIT Margin (%)5.496.466.957.347.58
PBT Margin (%)3.185.346.026.267.14
Net Profit Margin (%)2.313.814.474.404.90
Return on Networth / Equity (%)8.8416.5916.0612.7815.14
Return on Capital Employeed (%)16.2221.7223.7021.0523.13
Return On Assets (%)3.366.898.106.9410.90
Long Term Debt / Equity (X)0.250.250.030.000.00
Total Debt / Equity (X)1.250.510.430.240.20
Asset Turnover Ratio (%)1.582.122.031.902.57
Current Ratio (X)1.641.971.972.133.53
Quick Ratio (X)1.291.171.261.552.67
Inventory Turnover Ratio (X)5.115.085.586.559.60
Interest Coverage Ratio (X)2.626.167.726.9317.64
Interest Coverage Ratio (Post Tax) (X)2.004.415.855.0612.13
Enterprise Value (Cr.)169.64141.8532.6613.3415.69
EV / Net Operating Revenue (X)1.230.990.320.190.24
EV / EBITDA (X)20.3514.404.562.613.19
MarketCap / Net Operating Revenue (X)0.940.890.200.120.19
Price / BV (X)3.613.890.730.350.58
Price / Net Operating Revenue (X)0.940.890.200.120.19
EarningsYield0.020.040.210.350.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 278.28

The stock is overvalued by 49.22% compared to the current price ₹548

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (60.46 cr) and profit (3.00 cr) over the years.
  1. The stock has a low average ROCE of 14.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 132.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 136.58, which may not be favorable.
  4. The company has higher borrowings (11.08) compared to reserves (8.92), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Zodiac Energy Ltd:
    1. Net Profit Margin: 2.31%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.22% (Industry Average ROCE: 11.5%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.84% (Industry Average ROE: 9.19%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.00
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.29
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 117 (Industry average Stock P/E: 66.58)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.25
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★☆☆☆

About the Company

Zodiac Energy Ltd. is a Public Limited Listed company incorporated on 22/05/1992 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L51909GJ1992PLC017694 and registration number is 017694. Currently Company is involved in the business activities of Electric power generation using solar energy. Company’s Total Operating Revenue is Rs. 142.97 Cr. and Equity Capital is Rs. 14.63 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Project Consultancy/TurnkeyU.G.F 4-5-6, Milestone Building, Ahmedabad Gujarat 380054cs@zodiacenergy.com
http://www.zodiacenergy.com
Management
NamePosition Held
Mr. Kunjbihari ShahManaging Director
Mrs. Parul Kunjbihari ShahWhole Time Director
Mr. Jaxay ShahNon Executive Director
Mr. Kalpesh Lalitchandra JoshiInd. Non-Executive Director
Mr. Dhaval ShahInd. Non-Executive Director
Mr. Rakesh Arvindbhai PatelInd. Non-Executive Director
Mr. Ambar Jayantilal PatelInd. Non-Executive Director

Zodiac Energy Ltd. Share Price Update

Share PriceValue
Today₹545.30
Previous Day₹519.35

FAQ

What is the latest fair value of Zodiac Energy Ltd?

The latest fair value of Zodiac Energy Ltd is ₹278.28.

What is the Market Cap of Zodiac Energy Ltd?

The Market Cap of Zodiac Energy Ltd is 806 Cr..

What is the current Stock Price of Zodiac Energy Ltd as on 23 April 2024?

The current stock price of Zodiac Energy Ltd as on 23 April 2024 is 548.

What is the High / Low of Zodiac Energy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Zodiac Energy Ltd stocks is ₹548/98.4.

What is the Stock P/E of Zodiac Energy Ltd?

The Stock P/E of Zodiac Energy Ltd is 117.

What is the Book Value of Zodiac Energy Ltd?

The Book Value of Zodiac Energy Ltd is 26.2.

What is the Dividend Yield of Zodiac Energy Ltd?

The Dividend Yield of Zodiac Energy Ltd is 0.00 %.

What is the ROCE of Zodiac Energy Ltd?

The ROCE of Zodiac Energy Ltd is 11.2 %.

What is the ROE of Zodiac Energy Ltd?

The ROE of Zodiac Energy Ltd is 8.90 %.

What is the Face Value of Zodiac Energy Ltd?

The Face Value of Zodiac Energy Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Zodiac Energy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE