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  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Zeal Aqua Ltd

Zeal Aqua Ltd

BBSE:ZEAL
9.72
INR
-0.30
(-2.99%)
1.17EPS
10.10P/E
1.49BMarket Cap
Zeal Aqua Ltd
BSE:ZEAL
(Bombay Stock Exchange)

Recent

price

9.72

P/E

ratio

10.10

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
4.44
5.05
5.64
10.59
13.59
13.18
13.84
14.08
18.27
18.92
23.59
27.39
28.8
31.55
40.44
52.95
55.22
Revenue per Share
0.07
0.1
0.11
0.28
0.24
0.21
0.14
0.33
0.59
0.42
0.34
0.46
0.56
0.66
0.8
1.12
1.17
Basic EPS, GAAP
-0.25
-0.22
0.41
1.04
1.27
-0.93
-1.73
-2.21
0.76
1.01
0.48
-0.58
1.72
1.09
1.09
2.48
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.4
0.95
1.11
1.77
2.11
2.27
2.92
3.26
3.85
4.27
4.61
5.06
5.61
6.27
7.07
8.19
- -
Book Value per Share
0.4
0.95
1.11
1.77
2.11
2.27
2.92
3.26
3.85
4.27
4.61
5.06
5.61
6.27
7.07
8.19
- -
Tangible Book Value per Share
126
126
126
126
126
92
126
126
127
126
126
126
126
126
126
126
126
Basic Weighted Avg Shares
560
637
712
1,335
1,713
1,213
1,745
1,776
2,320
2,385
2,975
3,453
3,627
3,978
5,098
6,677
6,946
Sales/Revenue/Turnover
4.73
7.3
8.13
6.38
4.49
5.18
3.89
7.95
7.99
5.47
4.95
4.07
4.92
4.34
5.39
3.37
3.24
Operating Margin (%)
1
7
7
9
24
28
25
83
85
72
64
57
53
50
55
52
54
Depreciation Expense
9
12
14
35
31
19
18
42
75
53
42
57
71
83
101
141
147
Net Income, GAAP
33.33
32.92
35.6
32.72
24.52
1.56
35.4
32.34
19.68
12.18
15.67
20.05
13.76
19.33
32.44
28.07
27.43
Effective Tax Rate (%)
1.56
1.93
1.98
2.62
1.79
1.57
1.02
2.34
3.23
2.22
1.43
1.66
1.94
2.08
1.97
2.11
2.12
Profit Margin (%)
35
50
59
103
29
17
36
33
165
237
401
617
576
630
615
652
- -
Working Capital
22
39
44
54
45
67
193
172
195
187
250
376
303
332
239
173
- -
LT Debt
37
88
102
162
194
209
367
411
486
539
581
638
707
790
891
1,033
- -
Total Equity
- -
6.88
5.28
11.33
7.01
3.25
6.01
8.81
11.1
7.96
7.55
5.61
7.69
6.19
7.23
5.61
- -
Return on Invested Capital (%)
- -
17.45
14.01
18.9
13.57
10.97
6.09
9.11
11.39
10.37
9.01
7.31
9.18
8.37
9.88
10.36
- -
Return on Capital (%)
- -
19.66
14.88
26.49
17.24
9.48
6.16
10.67
16.74
10.34
7.59
9.43
10.48
11.05
11.97
14.67
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,769
- -
LT Borrowings
- -
173
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
126
126
Market Capitalization
1,382
1,411
1,491

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,848
- -
Cash, Cash Equivalents & STI
- -
13
- -
Accounts Receivable, Net
- -
1,029
- -
Inventories
- -
1,650
- -
Total Current Liabilities
- -
2,196
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,769
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.59%
12.22%
15.86%
Free Cash Flow
- -
- -
128.06%
Net Income, GAAP
29.56%
27.43%
40.27%
Sales/Revenue/Turnover
19.38%
17.98%
30.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
872
1,522
1,693
969
5,098
2026
1,239
1,847
2,221
1,369
6,677
2027
1,509
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.07
0.19
0.51
0.43
0.8
2026
0.12
0.24
0.6
0.16
1.12
2027
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Zeal Aqua Limited (ZEAL.BO), an India-based aquaculture company founded in 2009 and headquartered in Surat, Gujarat, engages in the farming, production, harvesting, and processing of prawns, primarily Black Tiger shrimp (Penaeus monodon) and Vannamei shrimp; it trades shrimp seeds, feeds, medicines, and probiotics; and exports non-antibiotic seafood products to over 20 countries through a vertically integrated farm-to-fork supply chain incorporating owned farms spanning 300 hectares, satellite farming with a 500-farmer network across Gujarat, and a processing unit with 3,000+ MT annual capacity. The company holds the Aquaculture Stewardship Council (ASC) certification as the only Indian shrimp exporter for Black Tiger shrimp, emphasizing sustainable practices, full traceability via digital systems, bio-security technologies, and technical services to farmers. In recent developments, Zeal Aqua entered a strategic partnership with Thailand-based LENK Frozen Foods Ltd. to expand Black Tiger shrimp exports to Europe, particularly Southern markets, targeting 50% of its 2,000+ MT 2023 output through this alliance; it received credit ratings in August 2025, appointed new statutory and secretarial auditors in September 2025 amid resignations, and revised whole-time director remuneration terms as part of ongoing governance enhancements.