Zodiac Energy
- Market cap
- ₹ 288 Cr.
- P/E
- 11.7x
- P/B
- 2.44x
- 52-week range
- 180 – 415
- ROE
- 20%
- ROCE
- 16%
- Dividend yield
- 0.4%
- Debt / equity
- 2.08
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Zodiac Energy Limited is an India-based energy solution provider. The Company provides turnkey solutions from concept to commissioning of power plants. It is primarily engaged in the business of installing solar power generation plants / items. The Company primarily operates in the segment of selling solar-based power plants and related items. It designs, supplies, and installs solar power systems in the areas: Residential Rooftop, Commercial Rooftop, Ground Mounted and Floating Solar. The Company's services include solar photovoltaic (PV) systems, concentrating solar power systems, diesel or gas-based captive/co-generation power plants, building-integrated photovoltaic systems, and emerging technologies. The Company offers grid-connected solar PV systems, rooftop solar PV systems, off-grid solar PV systems, solar pumping solutions, and building-integrated PV systems.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →Zodiac Energy against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.7 against a typical 14.4: cheaper than most peers (1st = cheapest).69th of 181
- Sales growth+44.6% against a typical +8.6% from a year earlier.34th of 147
- Profit growth+161% against a typical 0% from a year earlier.10th of 130
- Share price, 3 months−18.2% against a typical −13.1%.110th of 164
- Size₹ 287.9 Cr. market value against a typical ₹ 148 Cr. (1st = largest).61st of 156
Latest announcements
Exchange filings and their impact on the company.
- Zodiac Energy incorporated a new wholly-owned IPP subsidiary, a vehicle for future power projects with no upfront impact disclosed.
Zodiac Energy has incorporated a new wholly-owned subsidiary, Zodiac Energy IPP-4 Private Limited, with certificate of incorporation dated October 6, 2026. No investment amount, share capital or project details were disclosed in the filing. The SPV appears to be a vehicle for future independent power producer projects, with no immediate impact on revenue, profit or balance sheet.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Stable | 8 Oct 2026 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Oct 2026 | Withdrawn | was CARE BBB | — | CARE | — | |
| 7 Aug 2025 | ▲ Upgrade | CARE BBB | — | CARE | ₹ 189 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Zodiac EnergyAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 13 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 25 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 9 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 12 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 16 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34 | 47 | 107 | 79 | 53 | 104 | 171 | 98 | 97 | 138 | 211 | 142 |
| Expenses | 31 | 42 | 98 | 75 | 48 | 94 | 154 | 88 | 87 | 124 | 189 | 127 |
| Operating Profit | 3 | 5 | 9 | 4 | 5 | 10 | 18 | 10 | 10 | 14 | 22 | 15 |
| OPM % | 8.8% | 10.8% | 8.3% | 5.3% | 9.3% | 9.9% | 10.3% | 9.9% | 10.6% | 10% | 10.3% | 10.6% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 4 | 4 | 4 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 3 | 3 | 3 | 2 |
| Profit before tax | 2 | 4 | 8 | 3 | 4 | 8 | 13 | 4 | 4 | 7 | 15 | 10 |
| Tax % | 14.5% | 28.6% | 26.4% | 26.7% | 34% | 25.2% | 27.1% | 26.1% | 24.3% | 27.6% | 29.4% | 26.9% |
| Net Profit | 1 | 3 | 6 | 2 | 2 | 6 | 9 | 3 | 3 | 5 | 11 | 7 |
| EPS in Rs | 1.01 | 2.02 | 3.89 | 1.59 | 1.65 | 3.78 | 6.25 | 1.78 | 1.77 | 3.36 | 7.03 | 4.64 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 50%
- 5 Years
- 40%
- 3 Years
- 58%
- TTM
- 38%
- 10 Years
- 69%
- 5 Years
- 37%
- 3 Years
- 90%
- TTM
- 25%
- 10 Years
- —
- 5 Years
- 62%
- 3 Years
- 25%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 21%
- 3 Years
- 23%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Zodiac Energy | ₹ 198.00 | ₹ 288 Cr. | 11.7x | 2.4x | 20% | — |
| Adani Power | ₹ 182.00 | ₹ 70,196 Cr. | 32.2x | 6.4x | 21.2% | 23.9% |
| Power Grid Corporation of India | ₹ 247.20 | ₹ 2,29,911 Cr. | 14.1x | 2.6x | 16.5% | 40% |
| Adani Green Energy | ₹ 1,185.00 | ₹ 1,95,190 Cr. | 129.2x | 12.5x | 10.3% | 12.1% |
| Adani Energy Solutions | ₹ 1,219.85 | ₹ 1,49,972 Cr. | 90.2x | 8.1x | 9.6% | 8.5% |
| Siemens Energy India | ₹ 2,649.00 | ₹ 94,586 Cr. | 109x | 27.5x | 30.2% | 15% |
Management
- Rameshkumar Shah
- Chief Financial Officer
- Divya Dharmendrabhai Joshi
- Company Secretary and Compliance Officer
- Kunjbihari Shah
- Managing Director, Executive Director
- Kamlesh Mistry
- Whole-Time Director
- Parul Shah
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.