1. India Stocks

  2. •

    Basic Materials

  3. •

    Agricultural Inputs
Zeal Aqua Ltd

Zeal Aqua Ltd

ZEAL.BO
Zeal Aqua LtdIN flagBombay Stock Exchange
11.30
INR
-0.09
- -
1.42BMarket Cap
Zeal Aqua Ltd
ZEAL.BO
(Bombay Stock Exchange)

Recent

price

11.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
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
40.56
- -
52.98
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
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
2.47
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.1
0.12
0.12
0.15
0.98
1.5
1.27
1.62
2.86
3.3
3.63
4.09
1
5.29
6.09
- -
1
Book Value per Share
0.29
0.7
0.81
1.29
1.54
2.27
2.92
3.26
3.82
4.27
4.6
5.06
5.62
6.27
7.07
- -
8.2
Tangible Book Value per Share
126
126
126
126
126
92
126
126
127
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
5,113
6,675
6,675
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
5.37
3.37
3.37
Operating Margin (%)
1
7
7
9
24
28
25
83
85
72
64
57
53
50
55
52
52
Depreciation Expense
9
12
14
35
31
19
18
42
75
53
42
57
71
83
101
141
141
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
28.07
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
2.11
Profit Margin (%)
35
50
59
103
29
17
36
33
165
237
401
617
576
630
615
652
652
Working Capital
22
39
44
54
45
67
193
172
195
187
250
376
303
332
239
173
173
LT Debt
37
88
102
162
194
209
367
411
486
539
581
638
707
790
891
1,033
1,033
Total Equity
- -
17.48
13.94
18.53
13.25
10.53
6.02
8.89
11.18
8.02
7.64
6.11
7.69
6.22
7.23
5.69
5.69
Return on Invested Capital (%)
- -
23.95
19.97
30.12
17.95
12.47
7.53
11.3
13.01
11.35
9.74
7.83
11.16
9.95
10.39
12.87
12.87
Return on Capital (%)
- -
87.59
94.01
204.87
43.18
14.63
11.9
22.79
26.49
13.61
9.73
11.82
22
20.86
14.02
31.56
31.56
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,666
- -
1,689
LT Borrowings
746
- -
173
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
- -
126
Market Capitalization
1,254
1,382
1,410

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,718
- -
2,848
Cash, Cash Equivalents & STI
19
- -
13
Accounts Receivable, Net
1,464
- -
1,029
Inventories
2,074
- -
1,650
Total Current Liabilities
2,555
- -
2,196
Payables & Accruals
- -
- -
- -
ST Debt
1,666
- -
1,689
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
-50.13%
-105.62%
-2.17%
Net Income, GAAP
29.56%
27.43%
40.28%
Sales/Revenue/Turnover
19.37%
17.98%
30.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
800
1,164
1,364
650
3,978
2025
872
1,522
1,693
969
5,113
2026
1,239
1,847
2,221
1,369
6,675

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.08
0.28
- -
0.66
2025
0.07
0.19
0.51
0.43
0.8
2026
0.12
0.24
0.6
0.16
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Nath Bio-Genes (India) Limited (NATHBIOGEN.NS)
Le Lavoir Ltd. (LELAVOIR.BO)
Wynnstay Group Plc (WYN.L)
Alliance Growers Corp. (ALGWF)
Suraj Industries Limited (SURJIND.BO)
Bayer CropScience Limited (BAYERCROP.NS)
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.