Z-Tech (India) Ltd.

•
₹ 494.4-1.63%

2026-08-21

ztech-india.com/BSE: -NSE: ZTECH
Market Cap₹ 736 Cr.
Current Price₹ 503
High / Low₹ 701 / 460
Stock P/E36.5
Book Value₹ 100
Price to Book5.78
Dividend Yield0.00 %
ROCE28.3 %
ROE23.2 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sustainable Theme Park Development: 77.7% • Geo Technical Solutions: 17.1% • Industrial Waste Water Management: 5.2%

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 41.2%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.8%
  • Operating margins have improved to 29.6% from 1.7%
  • Company has consistently been profitable over the last 5 years

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.03x)
  • Equity base is being diluted - shares outstanding up 1202.7%
  • Working capital days have increased from 88 to 485 days
  • Total debt has risen sharply - up 37.5% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
ConstructionInfrastructureEngineering - Construction
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.LT4030.1033.42554487.790.944988.0315.5167941.746.6915.9812.00
2.RVNL223.1051.7146516.800.321595.201087.2643212.301005.5210.814.41
3.KPIL1377.0520.6923516.230.80311.5345.856407.973.8418.958.77
4.IRB18.9724.0122911.970.693062.701412.5821372.72918.2524.7653.93
5.CEMPRO1263.5036.0821705.360.24140.832.642720.927.0233.5310.09
6.ENGINERSIN236.9516.9813317.592.11157.94141.49819.84-5.8025.8420.61
7.TECHNOE997.7026.9211603.210.7093.33-31.44630.3419.8416.5415.79
8.IRCON122.6022.0211530.721.5592.03-43.921955.839.4912.699.81
9.KEC423.0520.3411261.591.3072.62-41.725023.540.0116.355.79
10.AFCONS277.9570.6510222.570.7230.30-77.952671.00-20.7512.889.42
11.WAAREERTL880.8018.099193.720.00118.9837.72924.2553.2381.9218.77
12.ZTECH494.8536.46735.910.009.08—34.9958.0428.3236.75
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
11
10
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
1
Tax %
-3.00%
Net Profit
0
1
Equity Capital
1
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
1
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
19
14
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
5
Tax %
26.40%
Net Profit
0
33
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
16
13
Operating Profit
—
OPM %
—
Other Income
-0
Interest
0
Depreciation
0
2
Tax %
41.11%
Net Profit
0
1
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
22
19
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
3
Tax %
17.48%
Net Profit
0
3
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
9
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
16
13
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
3
Tax %
26.25%
Net Profit
2
2
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
19
15
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
4
Tax %
23.27%
Net Profit
3
2
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
24
16
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
8
Tax %
24.51%
Net Profit
6
4
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
35
22
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
0
13
Tax %
33.23%
Net Profit
9
7
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
14
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
23
23
Operating Profit
1
OPM %
5
Other Income
0
Interest
0
Depreciation
0
1
Tax %
27
Net Profit
1
EPS
6
Dividend Payout %
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
1
Minority Interest
-0
Share of Associates
0
Adjusted EPS
1
Mar 2022
31
30
Operating Profit
1
OPM %
2
Other Income
0
Interest
0
Depreciation
0
0
Tax %
54
Net Profit
0
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
26
23
Operating Profit
3
OPM %
13
Other Income
0
Interest
0
Depreciation
0
3
Tax %
27
Net Profit
2
EPS
18
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2024
67
56
Operating Profit
12
OPM %
18
Other Income
0
Interest
0
Depreciation
1
11
Tax %
24
Net Profit
8
EPS
9
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Minority Interest
0
Share of Associates
0
Adjusted EPS
9
Mar 2025
94
66
Operating Profit
28
OPM %
30
Other Income
0
Interest
0
Depreciation
1
27
Tax %
29
Net Profit
20
EPS
14
Dividend Payout %
0
Minority Interest
0
Share of Associates
1
Adjusted EPS
14
Minority Interest
0
Share of Associates
1
Adjusted EPS
14
TTM
94
67
Operating Profit
—
OPM %
—
Other Income
0
Interest
0
Depreciation
1
27
Tax %
29
Net Profit
20
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
1
Adjusted EPS
—
Minority Interest
0
Share of Associates
1
Adjusted EPS
—

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
—
3 Years:
46%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
—
3 Years:
521%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
-7%

RETURN ON EQUITY

10 Years:
—
5 Years:
22%
3 Years:
33%
Last Year:
23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2021
Equity Capital
1
7
1
Trade Payables
9
2
Total Liabilities
19
1
Capital Work in Progress
0
1
0
Cash & Bank
0
17
Total Assets
19
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
72.17
Face Value
10.00
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
72.17
Face Value
10.00
Mar 2022
Equity Capital
1
7
0
Trade Payables
9
1
Total Liabilities
19
1
Capital Work in Progress
0
0
0
Cash & Bank
1
16
Total Assets
19
Total Debt
1
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
72.93
Face Value
10.00
Total Debt
1
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
72.93
Face Value
10.00
Mar 2023
Equity Capital
1
9
0
Trade Payables
11
2
Total Liabilities
23
1
Capital Work in Progress
0
1
0
Cash & Bank
0
20
Total Assets
23
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
90.81
Face Value
10.00
Total Debt
1
Net Working Capital
7
Contingent Liabilities
0
Book Value per Share
90.81
Face Value
10.00
Mar 2024
Equity Capital
9
12
0
Trade Payables
15
5
Total Liabilities
42
4
Capital Work in Progress
0
1
29
Cash & Bank
1
7
Total Assets
42
Total Debt
1
Net Working Capital
16
Contingent Liabilities
0
Book Value per Share
22.99
Face Value
10.00
Total Debt
1
Net Working Capital
16
Contingent Liabilities
0
Book Value per Share
22.99
Face Value
10.00
Mar 2025
Equity Capital
14
133
0
Trade Payables
24
35
Total Liabilities
207
10
Capital Work in Progress
29
2
49
Cash & Bank
4
113
Total Assets
207
Total Debt
2
Net Working Capital
126
Contingent Liabilities
0
Book Value per Share
102.97
Face Value
10.00
Total Debt
2
Net Working Capital
126
Contingent Liabilities
0
Book Value per Share
102.97
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
-1
Cash from Investing
-0
Cash from Financing
-0
-1
Free Cash Flow
-1
OCF / Net Profit
-1.19
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.19
Cumulative 5-Year FCF
0
Mar 2022
2
Cash from Investing
-1
Cash from Financing
-0
1
Free Cash Flow
2
OCF / Net Profit
22.58
Cumulative 5-Year FCF
0
OCF / Net Profit
22.58
Cumulative 5-Year FCF
0
Mar 2023
0
Cash from Investing
-1
Cash from Financing
-0
-1
Free Cash Flow
-1
OCF / Net Profit
0.04
Cumulative 5-Year FCF
0
OCF / Net Profit
0.04
Cumulative 5-Year FCF
0
Mar 2024
0
Cash from Investing
-4
Cash from Financing
4
1
Free Cash Flow
-3
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
Mar 2025
-91
Cash from Investing
-35
Cash from Financing
129
3
Free Cash Flow
-127
OCF / Net Profit
-4.66
Cumulative 5-Year FCF
0
OCF / Net Profit
-4.66
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
5.87
Book Value (₹)
72.17
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.98
Operating Margin %
5.36%
Net Margin %
2.96%
ROE %
8.76%
ROCE %
12.30%
3.59%
Debtor Days
189
Inventory Days
17
Payable Days
170
36
Debt to Equity (x)
0.12x
Interest Coverage (x)
7.86x
1.60x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
0.77
Book Value (₹)
72.93
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.42
Operating Margin %
1.72%
Net Margin %
0.24%
ROE %
0.93%
ROCE %
2.58%
0.39%
Debtor Days
145
Inventory Days
9
Payable Days
141
14
Debt to Equity (x)
0.09x
Interest Coverage (x)
3.43x
1.55x
Revenue Growth %
30.48%
Operating Profit Growth %
-58.18%
Net Profit Growth %
-89.33%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
17.88
Book Value (₹)
90.81
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.71
Operating Margin %
12.56%
Net Margin %
7.60%
ROE %
21.71%
ROCE %
28.79%
9.29%
Debtor Days
193
Inventory Days
11
Payable Days
200
4
Debt to Equity (x)
0.07x
Interest Coverage (x)
23.30x
1.56x
Revenue Growth %
-16.04%
Operating Profit Growth %
514.51%
Net Profit Growth %
2534.77%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
9.00
Book Value (₹)
22.99
Dividend per Share (₹)
0.00
Cash EPS (₹)
9.67
Operating Margin %
17.46%
Net Margin %
12.57%
ROE %
53.51%
ROCE %
66.41%
26.13%
Debtor Days
118
Inventory Days
6
Payable Days
237
-114
Debt to Equity (x)
0.06x
Interest Coverage (x)
105.18x
1.84x
Revenue Growth %
161.68%
Operating Profit Growth %
265.32%
Net Profit Growth %
332.72%
-49.67%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.84x
Mar 2025
EPS (₹)
14.08
Book Value (₹)
102.97
Dividend per Share (₹)
0.00
Cash EPS (₹)
14.14
Operating Margin %
29.61%
Net Margin %
20.77%
ROE %
23.18%
ROCE %
28.32%
15.78%
Debtor Days
150
Inventory Days
6
Payable Days
1035
-879
Debt to Equity (x)
0.01x
Interest Coverage (x)
118.56x
4.67x
Revenue Growth %
40.23%
Operating Profit Growth %
140.08%
Net Profit Growth %
131.75%
56.46%
P/E (x)
42.25x
P/B (x)
5.78x
Dividend Yield %
0.00%
30.00x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2024
60.75
1.73
0.06
Government
0.00
37.46
Dec 2024
60.75
1.20
0.87
Government
0.00
37.18
Mar 2025
54.25
0.96
1.47
Government
0.00
43.32
Jun 2025
54.25
0.88
1.67
Government
0.00
43.21
Sep 2025
53.18
1.03
1.89
Government
0.00
43.90
Dec 2025
53.54
3.77
0.37
Government
0.00
42.32
Mar 2026
53.54
4.47
0.37
Government
0.00
41.62
Jun 2026
53.54
4.47
0.37
Government
0.00
41.63

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls