Zodiac Energy Limited

BSE: ZODIAC543416ISIN INE761Y01019

Industrials
Civil Construction

Share price

₹205.05-2.70 (-1.30%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹415.05
52W low: ₹180.50
Off 52W high: -50.60%
1M return: -4.12%
3M return: -19.53%
6M return: -35.36%
1Y return: -46.05%
20D avg volume: 2,512
50 DMA: ₹219.64
200 DMA: ₹258.10

Key ratios Consolidated

Market cap: ₹310.70 Cr
Current price: ₹205.05
52W high / low: ₹415.05 / ₹180.50
Face value: ₹10.00
P/E: 9.75
P/B: 2.33
EPS (TTM): ₹21.03
Book value / share: ₹87.88
ROE: —
ROCE: 19.30%
Operating margin: —
Net margin: —
Debt / equity: 1.93
Net debt: ₹215.52 Cr
Interest cover: 2.50
Dividend yield: 0.37%
Dividend / share (TTM): ₹0.75
Payout: 3.57%
Cash conversion cycle: 130.2 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25
Income statement
	166.22	141.81	211.13	137.56	96.78	98.05	—
	0.83	1.49	1.38	0.44	0.31	0.34	—
	167.05	143.30	212.50	138.00	97.08	98.39	—
	155.45	133.49	197.59	131.11	93.58	94.71	—
	134.19	113.48	165.98	108.15	75.67	77.95	—
	4.49	6.66	14.46	0.00	0.00	0.00	—
	4.18	3.52	3.38	3.17	3.06	3.00	—
	5.21	5.18	5.88	4.54	4.48	4.41	—
	3.26	2.31	2.63	2.73	2.62	1.98	—
	4.12	2.34	5.27	12.54	7.75	7.38	—
	11.60	9.81	14.91	6.89	3.50	3.68	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	11.60	9.81	14.91	6.89	3.50	3.68	—
	2.43	2.81	3.80	1.81	0.84	1.05	—
	9.17	7.00	10.62	5.08	2.66	2.62	—
	5.92	4.57	7.02	2.68	1.76	1.78	—
Key metrics
	20.07	17.30	23.42	14.16	10.60	10.07	—
	12.10%	12.20%	11.10%	10.30%	11.00%	10.30%	—
	5.50%	4.90%	5.00%	3.70%	2.70%	2.70%	—
	6.50%	—	8.30%	—	3.70%	—	—
	71.80%	44.60%	—	—	—	—	—
	244.70%	167.20%	—	—	—	—	—

Metric	TTM	FY26	FY25
Income statement
	656.72	543.51	—
	4.14	2.46	—
	660.85	545.98	—
	617.64	517.00	—
	521.80	427.74	—
	25.61	33.20	—
	14.25	12.61	—
	20.81	19.31	—
	10.93	9.95	—
	24.27	14.20	—
	43.21	28.98	—
	0.00	0.00	—
	43.21	28.98	—
	10.85	7.50	—
	31.87	20.98	—
	20.19	13.88	—
Key metrics
	74.95	58.24	—
	11.41%	10.70%	—
	4.85%	3.90%	—
	—	19.30%	—
	—	-29.10	—
	—	0.78	—
	—	1.93	—
	—	215.52	—
	—	130.2	—
Balance sheet
	—	482.41	—
	—	329.70	—
	—	13.48	—
	—	113.05	—
	—	128.50	—
	—	118.04	—
	—	47.63	—
	—	232.40	—
	—	229.00	—
	—	121.86	—
	—	107.14	—
	—	118.66	—
Cash flow
	—	16.28	—
	—	-53.98	—
	—	49.57	—
	—	45.38	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	164.78	141.81	211.13	137.56	96.78	98.05	171.34	104.33	52.77	79.34	106.63	46.92
	1.03	1.48	1.33	0.54	0.30	0.34	1.01	0.46	0.18	0.25	0.30	0.18
	165.81	143.29	212.46	138.10	97.08	98.39	172.35	104.79	52.95	79.59	106.93	47.10
	153.67	133.69	197.41	131.09	93.54	94.75	159.40	97.15	49.18	76.41	99.20	42.98
	134.15	113.48	165.98	108.15	75.67	77.95	140.99	86.21	41.79	68.79	92.36	38.07
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	4.18	3.52	3.38	3.17	3.06	3.00	2.53	2.60	2.18	2.03	2.15	1.50
	4.60	4.63	5.47	4.49	4.42	4.41	3.95	2.60	1.12	1.04	1.19	0.91
	2.36	2.31	2.63	2.72	2.62	1.98	1.72	0.54	0.20	0.22	0.20	0.20
	8.38	3.05	5.49	12.55	7.78	7.42	10.21	5.20	3.88	4.33	3.29	2.29
	12.14	9.60	15.05	7.01	3.54	3.63	12.95	7.64	3.77	3.18	7.73	4.12
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	12.14	9.60	15.05	7.01	3.54	3.63	12.95	7.64	3.77	3.18	7.73	4.12
	2.96	2.58	3.93	1.94	0.86	0.95	3.51	1.93	1.28	0.85	2.04	1.18
	9.18	7.02	10.63	5.08	2.68	2.69	9.44	5.71	2.49	2.33	5.69	2.95
	5.93	4.59	7.03	2.68	1.77	1.78	6.18	3.78	1.65	1.59	3.89	2.01
Key metrics
	19.10	16.54	23.15	14.22	10.58	10.02	18.62	10.78	5.09	4.44	9.12	5.23
	11.60%	11.70%	11.00%	10.30%	10.90%	10.20%	10.90%	10.30%	9.60%	5.60%	8.60%	11.10%
	5.60%	5.00%	5.00%	3.70%	2.80%	2.70%	5.50%	5.50%	4.70%	2.90%	5.30%	6.30%
	7.30%	—	9.20%	—	3.80%	—	8.10%	—	—	—	—	—
	70.30%	44.60%	23.20%	31.90%	83.40%	23.60%	60.70%	122.40%	—	—	—	—
	242.50%	161.00%	12.60%	-11.00%	7.60%	15.50%	65.90%	93.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	655.28	543.52	407.78	220.06	137.66	142.97
	4.38	2.42	1.89	0.97	0.84	0.98
	659.66	545.95	409.67	221.03	138.50	143.95
	615.86	516.70	382.14	206.29	134.11	136.31
	521.76	427.74	337.78	184.20	117.66	121.63
	0.00	0.00	0.00	—	—	—
	14.25	12.61	9.34	6.30	4.57	4.03
	19.19	18.80	8.71	4.41	3.18	1.60
	10.02	9.95	2.69	0.78	0.77	0.61
	29.47	14.41	23.62	10.59	7.93	8.43
	43.80	29.24	27.53	14.74	4.38	7.64
	0.00	0.00	0.00	—	—	—
	43.80	29.24	27.53	14.74	4.38	7.64
	11.41	7.67	7.56	3.77	1.19	2.18
	31.91	21.08	19.97	10.97	3.19	5.46
	20.23	13.94	13.38	7.50	2.18	3.73
Key metrics
	73.01	57.99	38.93	19.93	8.33	9.85
	11.14%	10.70%	9.50%	9.10%	6.10%	6.90%
	4.87%	3.90%	4.90%	5.00%	2.30%	3.80%
	—	21.50%	17.40%	—	—	—
	39.27%	33.30%	85.30%	59.90%	-3.70%	—
	55.51%	5.60%	82.00%	243.90%	-41.60%	—
	—	2.92	-131.42	—	—	—
	—	2.26	-2.45	—	—	—
	—	1.77	1.81	—	—	—
	—	193.85	173.11	—	—	—
	—	130.2	88.3	—	—	—
Balance sheet
	—	485.25	302.45	—	—	—
	—	328.69	185.41	—	—	—
	—	12.49	1.62	—	—	—
	—	113.05	57.07	—	—	—
	—	128.50	51.47	—	—	—
	—	—	56.92	—	—	—
	—	118.04	75.67	—	—	—
	—	47.63	9.94	—	—	—
	—	261.52	94.70	—	—	—
	—	206.34	174.73	—	—	—
	—	121.20	67.29	—	—	—
	—	85.14	107.44	—	—	—
	—	116.84	96.56	—	—	—
Cash flow
	—	47.61	-48.84	—	—	—
	—	-59.35	-104.56	—	—	—
	—	22.63	153.45	—	—	—
	—	44.69	82.58	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +58.05%
Sales CAGR 5Y: —
Profit CAGR 3Y: +87.65%
Profit CAGR 5Y: —
Sales YoY (TTM): +39.27%
Profit YoY (TTM): +55.51%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.83%

Quarter	September 2026	June 2026
Promoter %	69.83%	69.96%

Holder	Type	Holding	Previous	Change
Kunjbihari Jugalkishor Shah	Promoter	66.59%	62.58%	+4.01%
Parul Kunjbihari Shah	Promoter Group	2.90%	2.81%	+0.09%
Jaxay Sharadkumar Shah	Public	1.68%	1.68%	0.00%
Jay Kunjbihari Shah	Promoter Group	0.13%	0.13%	0.00%
Apeksha Patwa	Promoter Group	0.05%	0.05%	0.00%
Nehaben Trirupbhai Patwa	Promoter Group	0.05%	0.05%	0.00%
Rinki Kuntal Shah	Promoter Group	0.05%	0.05%	0.00%
Geetaben Prakashbhai Shah	Promoter Group	0.04%	0.04%	0.00%
Rameshkumar Shah	Promoter Group	0.01%	0.01%	0.00%
Arunaben Jugalkishor Shah	Promoter Group	0.01%	0.01%	0.00%
VISHWA NIRAV SHAH	Promoter Group	0.00%	0.00%	0.00%
Rasila Shah	Promoter Group	0.00%	0.00%	0.00%
Sumitraben Shah	Promoter Group	0.00%	0.00%	0.00%
ZENWATT CLEAN ENERGY PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%
Madhuben Shah	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
Zodiac Energy Limited S	311	205.05	9.74	21.50%	+39.27% TTM	+55.51% TTM	-46.05%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Newspaper Publication for Unaudited Financial Result for the Quarter ended on September 30, 202631 Oct 2026 · Company Update / Newspaper Publication
Unaudited Financial Result for the quarter ended on September 30, 202630 Oct 2026 · Result / Financial Results
Approval of Unaudited Financial Result for the Quarter ended on September 30, 2026 and Others30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Zodiac Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Unaudited Standalone and ....23 Oct 2026 · Board Meeting / Board Meeting
Order received from the Hon''ble Gujarat High Court - in favour of Company, for quashing and set aside the SCN dated June 30, 2025 and Order dated December 24, 202517 Oct 2026 · Company Update / General
Credit Rating9 Oct 2026 · Company Update / Credit Rating
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the period ended on September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Incorporation of Wholly Owned Subsidiary- "Zodiac Energy IPP-4 Private Limited"6 Oct 2026 · Company Update / Acquisition
Submission of revised Scrutinizer''s Report for AGM held on September 23, 20263 Oct 2026 · AGM/EGM / AGM
Intimation of Trading Window Closure for the quarter ended on September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Voting Result and Scrutinizer Report for AGM held on September 23, 202625 Sep 2026 · AGM/EGM / AGM
Proceedings of 34th Annual General Meeting held today, i.e. September 23, 202623 Sep 2026 · AGM/EGM / AGM
Acquisition of Majority Equity Stake of 63.5% in Zenwatt Clean Energy Private Limited21 Sep 2026 · Company Update / Acquisition
Receipt of Purchase Order from four different entities19 Sep 2026 · Company Update / Award of Order / Receipt of Order
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Parul Kunjbihari Shah & PACs18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jugalkishor Harikrishnadas Shah & PACs18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kunjbihari Jugalkishor Shah & PACs18 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Intimation of Participation in Arihant Capital''s Bharat Connect Conference Scheduled to be held on September 30, 202616 Sep 2026 · Company Update / Analyst / Investor Meet
Acquisition of majority stake in eight LLPs16 Sep 2026 · Company Update / Acquisition
Incorporation of Wholly Owned Subsidiary-"Zodiac Energy IPP-3 Private Limited"15 Sep 2026 · Company Update / Acquisition
The Company has been awarded at Global Solar Expo 2026 - Ahmedabad3 Sep 2026 · Company Update / General
Investor Presentation - Q1 FY-273 Sep 2026 · Company Update / Investor Presentation
Letter to Shareholders under Regulation 36(1)(B) of the SEBI (LODR) Regulations, 2015 with web-link of Annual Report2 Sep 2026 · Company Update / General
Newspaper Advertisement - Notice of 34th Annual General Meeting1 Sep 2026 · Company Update / Newspaper Publication
Annual Report for the FY 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 34th Annual General Meeting31 Aug 2026 · AGM/EGM / AGM
Incorporation of Wholly Owned Subsidiary - "Zodiac Energy IPP-2 Private Limited"25 Aug 2026 · Company Update / Acquisition
Receipt of Purchase order for Solar Power Plant of 2500kwp21 Aug 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication for Unaudited Financial Result for the Quarter ended on June 30, 2026.14 Aug 2026 · Company Update / Newspaper Publication
Announcement Under Regulation 30 of SEBI (LODR)-Alteration of AOA.13 Aug 2026 · Company Update / Amendments to Memorandum & Articles of Association
Announcement Under Regulation 30 of SEBI (LODR) Regulations, 2015- Acquisition of LLPs13 Aug 2026 · Company Update / Acquisition
Recommendation of Final Dividend for FY 2025-2613 Aug 2026 · Corp. Action / Dividend
Unaudited Financial Results for the quarter ended on June 30, 202613 Aug 2026 · Result / Financial Results
Approval of Unaudited Financial Result for the Quarter ended on June 30, 2026 and Others13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Zodiac Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited Standalone and Consolidated ....6 Aug 2026 · Board Meeting / Board Meeting
Receipt of Purchase Order from Domestic Entity for Solar Power System1 Aug 2026 · Company Update / Award of Order / Receipt of Order
Incorporation of Wholly Owned Subsidiary - "Zodiac Energy IPP-1 Private Limited"30 Jul 2026 · Company Update / Acquisition
Scrutinizer''s Report with Voting Results for Postal ballot21 Jul 2026 · AGM/EGM / Postal Ballot
Investor Presentation15 Jul 2026 · Company Update / Investor Presentation
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the period ended on June 30, 20267 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.7500	16 Sep 2026	16 Sep 2026	—
Final Dividend - Rs. - 0.7500	12 Sep 2025	12 Sep 2025	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results