---
title: "Zodiac Energy Ltd (ZODIAC) — Share Price, Financials & Analysis"
symbol: "ZODIAC"
company: "Zodiac Energy Ltd"
canonical: "https://tapetide.com/stocks/ZODIAC"
isin: "INE761Y01019"
nse_symbol: "ZODIAC"
bse_code: "543416"
sector: "Industrials"
industry: "Construction"
market_cap_cr: 341.96
generated_at: "2026-09-13T19:39:56.034Z"
---

# Zodiac Energy Ltd (ZODIAC)

Canonical page: https://tapetide.com/stocks/ZODIAC

## Company

- **NSE Symbol:** ZODIAC
- **BSE Code:** 543416
- **ISIN:** INE761Y01019
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2021-12-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** zodiacenergy.com

## About

Incorporated in 1992, Zodiac Energy Ltd is in the business of installing Solar Power Generation Plant[1]

## Latest Price

- **Price:** ₹227.98
- **Change:** -2.9 (-1.26%)
- **Open:** ₹221.35
- **Day High:** ₹231.18
- **Day Low:** ₹221.35
- **Previous Close:** ₹230.88
- **Volume:** 12124
- **As Of:** 2026-09-11T09:59:34+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:33.315620Z.

- **Market Cap:** ₹341.96 Cr
- **Classification:** Microcap
- **P/E (reported):** 13.8
- **P/E (TTM):** 13.57
- **EPS (TTM):** ₹16.8
- **Book Value:** ₹77.13
- **Price to Book:** 3
- **Dividend Yield:** 0.32%
- **ROE:** 17.69%
- **ROCE:** 19.32%
- **Debt to Equity:** 1.85
- **Revenue (yearly):** ₹546 Cr
- **Net Income:** ₹21 Cr
- **EBITDA:** ₹58.2 Cr
- **52-Week High:** ₹415
- **52-Week Low:** ₹205.55
- **RSI (14):** 32.47

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Average Quality, Undemanding Price
- **What it means:** The financials sit mid-range rather than strong, and the multiple is not demanding. Nothing here stands out in either direction, so the read comes down to which single pillar you weight most and whether the next results move it off the middle.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Flat
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 26.37 | 9% |
| growth | 87.61 | 9% |
| momentum | 52.46 | 12% |
| ownership | 49.83 | 24% |
| quality | 59.36 | 22% |
| valuation | 51.92 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 35.3% CAGR over last 5 years
- Company's median sales growth is 53.5% of last 10 years
- Company's working capital requirements have reduced from 42.6 days to 23.0 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 133.31% | — | — |
| ebitda margin growth | -26.07% | 12.32% | — | — |
| net income growth | -33.96% | 5% | 87% | 35% |
| revenue growth | -32.56% | 33.27% | 58% | 40% |
| roce | -27.9% | 10.78% | — | — |
| roe | -34.09% | -14.46% | — | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 34.41 | 46.92 | 106.63 | 79.34 | 52.77 | 104.33 | 171.34 | 98.05 | 96.78 | 137.56 | 211.12 | 141.81 |
| Expenses | 31.39 | 41.87 | 97.81 | 75.15 | 47.86 | 94 | 153.73 | 88.36 | 86.5 | 123.87 | 189.31 | 126.75 |
| Operating Profit | 3.02 | 5.05 | 8.82 | 4.19 | 4.91 | 10.33 | 17.61 | 9.69 | 10.28 | 13.69 | 21.81 | 15.06 |
| OPM % | 8.78 | 10.76 | 8.27 | 5.28 | 9.3 | 9.9 | 10.28 | 9.88 | 10.62 | 9.95 | 10.33 | 10.62 |
| Other Income | 0.04 | 0.18 | 0.3 | 0.25 | 0.18 | 0.46 | 1.01 | 0.34 | 0.3 | 0.54 | 1.34 | 1.48 |
| Interest | 1.14 | 0.91 | 1.19 | 1.04 | 1.12 | 2.6 | 3.95 | 4.41 | 4.42 | 4.49 | 5.47 | 4.63 |
| Depreciation | 0.19 | 0.2 | 0.2 | 0.22 | 0.2 | 0.54 | 1.72 | 1.98 | 2.62 | 2.72 | 2.63 | 2.31 |
| Profit before tax | 1.73 | 4.12 | 7.73 | 3.18 | 3.77 | 7.65 | 12.95 | 3.64 | 3.54 | 7.02 | 15.05 | 9.6 |
| Tax % | 14.45 | 28.64 | 26.39 | 26.73 | 33.95 | 25.23 | 27.1 | 26.1 | 24.29 | 27.64 | 29.37 | 26.88 |
| Net Profit | 1.48 | 2.95 | 5.69 | 2.33 | 2.49 | 5.71 | 9.44 | 2.69 | 2.68 | 5.08 | 10.63 | 7.02 |
| 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 38 | 63 | 68 | 100 | 143 | 138 | 220 | 408 | 544 | 587 |
| Expenses | 35 | 58 | 63 | 93 | 134 | 130 | 201 | 371 | 488 | 526 |
| Operating Profit | 3 | 5 | 5 | 7 | 9 | 8 | 19 | 37 | 56 | 61 |
| OPM % | 8 | 8 | 7 | 7 | 6 | 5 | 9 | 9 | 10 | 10 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 4 |
| Interest | 0 | 0 | 1 | 1 | 2 | 3 | 4 | 9 | 19 | 19 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 10 | 10 |
| Profit before tax | 3 | 5 | 4 | 6 | 8 | 4 | 15 | 28 | 29 | 35 |
| Tax % | 27 | 31 | 30 | 26 | 28 | 27 | 26 | 27 | 28 | — |
| Net Profit | 2 | 3 | 3 | 4 | 5 | 3 | 11 | 20 | 21 | 25 |
| EPS in Rs | 1.37 | 2.12 | 2.05 | 3.02 | 3.73 | 2.18 | 7.5 | 13.23 | 13.93 | 16.8 |
| Dividend Payout % | 0 | 59 | 0 | 0 | 0 | 0 | 0 | 6 | 5 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.88 | 7 | 7 | 7 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 1 | 10 | 13 | 16 | 13 | 18 | 21 | 33 | 81 | 102 |
| Borrowings | 4 | 1 | 4 | 6 | 13 | 18 | 46 | 41 | 175 | 217 |
| Other Liabilities | 3 | 3 | 4 | 14 | 16 | 28 | 13 | 27 | 67 | 151 |
| Total Liabilities | 8 | 21 | 28 | 43 | 56 | 79 | 95 | 116 | 339 | 485 |
| Fixed Assets | 0 | 1 | 0 | 1 | 2 | 3 | 3 | 4 | 92 | 128 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 |
| Other Assets | 7 | 20 | 28 | 43 | 53 | 76 | 92 | 111 | 239 | 338 |
| Total Assets | 8 | 21 | 28 | 43 | 56 | 79 | 95 | 116 | 339 | 485 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | -8 | -6 | 0 | -4 | 2 | -23 | 16 | -49 | 48 |
| Cash from Investing Activity | 0 | -1 | 1 | -1 | -2 | -4 | -3 | -5 | -105 | -59 |
| Cash from Financing Activity | 0 | 11 | 3 | 1 | 6 | 3 | 25 | -10 | 153 | 23 |
| Net Cash Flow | 0 | 2 | -2 | 0 | 0 | 1 | -1 | 1 | 0 | 11 |
| Free Cash Flow | 0 | -8 | -5 | 0 | -5 | 1 | -23 | 14 | -147 | 8 |
| CFO/OP | -6 | -248 | -98 | 26 | -35 | 41 | -280 | 103 | -120 | 88 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 108 | 100 | 102 | 136 | 83 | 78 | 110 | 130 | 51 | 76 |
| Inventory Days | 41 | 54 | 44 | 77 | 82 | 88 | 52 | 28 | 56 | 110 |
| Days Payable | 35 | 10 | 12 | 30 | 45 | 59 | 14 | 29 | 50 | 41 |
| Cash Conversion Cycle | 113 | 144 | 134 | 183 | 120 | 106 | 148 | 129 | 57 | 145 |
| Working Capital Days | 18 | 131 | 109 | 113 | 88 | 82 | 67 | 72 | 33 | 23 |
| ROCE % | 16 | 26 | 23 | 19 | 20 | 20 | 11 | 22 | 20 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.86% | 72.86% | 72.87% | 72.73% | 70.01% | 70.01% | 70.01% | 69.89% | 69.89% | 69.91% | 69.97% | 69.97% |
| FIIs | 0% | 0% | 0% | 0% | 1.46% | 1.32% | 0.91% | 0.54% | 0.54% | 0.34% | 0.15% | 0.14% |
| DIIs | 0% | 0% | 0% | 0% | 0.59% | 0.56% | 0.56% | 0.34% | 0.34% | 0.34% | 0.2% | 0.2% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.33% | 21.07% | 21.9% | 22.15% | 22.29% | 22.57% | 23.07% | 24.89% | 24.41% | 24.2% | 24.38% | 24.66% |
| Others | 5.81% | 6.07% | 5.23% | 5.12% | 5.65% | 5.54% | 5.46% | 4.33% | 4.82% | 5.22% | 5.29% | 5.04% |
| No. of Shareholders | 25368 | 26569 | 30059 | 31859 | 37420 | 40229 | 41641 | 41708 | 39591 | 38120 | 36867 | 36307 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 236.9 | Sell |
| EMA (10) | 236.32 | Sell |
| SMA (20) | 242.79 | Sell |
| EMA (20) | 241.38 | Sell |
| SMA (50) | 251.71 | Sell |
| EMA (50) | 251.79 | Sell |
| SMA (100) | 274.53 | Sell |
| EMA (100) | 263.74 | Sell |
| SMA (200) | 275.02 | Sell |
| EMA (200) | 288.55 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 30.34 | Neutral |
| MACD (12,26,9) | -6.24 | Sell |
| Stochastic (14,3,3) | 7.36 | Buy |
| ADX (14) | 13.45 | Neutral |
| Williams %R (14) | -84.44 | Buy |
| ATR (14) | 11.3 | High Volatility |
| ROC (12) | -9.12 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 33.06 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dddb07c0-5831-4f58-872e-4fce5e1fc8ad.pdf) |
| 2026-09-02 | [Letter To Shareholders Under Regulation 36(1)(B) Of The SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44bab378-03f5-4610-8076-deb22b11384f.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f722aef3-fa3d-4e77-bb2a-507514a76b99.pdf) |
| 2026-08-31 | [Notice Of 34Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b911eefa-32c5-41f4-8711-bd4bae29f80a.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1f910c3-c59b-45f2-9d70-9d9d1f3049d5.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5320ff4-9fd9-470f-997f-1abd2e31081f.pdf) |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc2888aa-1ac7-421a-9078-092b8c63aea9.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f7db14f-b6de-4005-bf8e-5b5b2e944e32.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Approval Of Unaudited Financial Result For The Quarter Ended On June 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84fbcd81-6441-456e-bbbe-137fa648ce98.pdf) |
| 2026-08-13 | [Corporate Action-Board approves Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c48bdf6-5bc7-441a-9b2b-764b5aca4523.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c776c04-25ef-47f0-b3d4-9feb06eacf4a.pdf) |
| 2026-07-15 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e74f4d2-439b-4679-9d53-f519f105a4dc.pdf) |
| 2025-05-19 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76003485-41da-4f86-836c-57e6df17d34d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Unaudited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e07526bc-76b5-4bb2-bdfe-13836f66cef4.pdf) |
| 2026-05-25 | [Audited Standalone And Consolidated Financial Result For The Quarter And Year Ended On March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b89e64e-1fb6-4a19-81d7-a95bcc9b37a0.pdf) |
| 2026-02-09 | [Unaudited Financial Result For The Quarter And Nine Months Ended On December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44d53838-3476-44ea-8a04-d17522e0cc04.pdf) |
| 2025-11-12 | [Unaudited Financial Result For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa134f6e-c40b-4342-8fa6-8c919c456dbf.pdf) |
| 2025-08-12 | [Unaudited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=58f9a623-9743-453e-8752-c4a141d13944.pdf) |
| 2025-05-16 | [Submission Of Audited Financial Result Of The Company For The Quarter And Year Ended On March 31 2025 Along With Auditor Report (Unmodified Opinion) And Declaration For The AuditorS Report With Unmodified Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8105aac-7388-4c72-80ac-4bce654a75a3.pdf) |
| 2025-02-10 | [Submission Of Unaudited Financial Result Of The Company For The Quarter And Nine Months Ended On December 31 2024 Along With Along With Limited Review Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=658242d7-fec2-42cc-8b2a-22271df2a32c.pdf) |
| 2024-11-12 | [Submission Of Unaudited Financial Result Of The Company For The Quarter And Half Year Ended On September 30, 2024 Along With Along With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17e3c223-ab58-4a03-94d9-869928c5e4f9.pdf) |
| 2024-08-14 | [Submission Of Unaudited Financial Result Of The Company For The Quarter Ended On June 30, 2024 Along With Along With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9edb068-9b89-49b1-8981-362447267ff3.pdf) |
| 2024-05-16 | [Submission Of Audited Financial Result Of The Company For The Quarter And Year Ended On March 31, 2024 Along With Auditor Report (Unmodified Opinion) And Declaration For The Auditor'S Report With Unmodified Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2791c551-7359-48a3-939b-7483bbb6f55b.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Received LOI for 6 MWp solar project in Zambia worth US$3.288 million, to execute within 9 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 9h - Received LOI for 6 MWp solar project in Zambia worth US$3.288 million, to execute within 9 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/52e09467-6038-47c8-85a3-dd0214f50455.pdf) |
| 9h - On April 23, 2026, Dhaval Shah’s role changed from independent to non-independent director, pending shareholder approval. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. April 23, 2026 9h - On April 23, 2026, Dhaval Shah’s role changed from independent to non-independent director, pending shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/49e2888f-9d93-43ff-96bb-efc0ae2c6d1a.pdf) |
| 9h - Board approved Dhaval Shah’s change from Independent to Non-Independent Director, effective April 23, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 9h - Board approved Dhaval Shah’s change from Independent to Non-Independent Director, effective April 23, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7fde9e9-481d-4a20-84f9-a501be04d350.pdf) |
| 9 Feb - Board approved registered office shift in Ahmedabad effective Feb 9, 2026 to A-12 Times Corporate Park. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 9 Feb - Board approved registered office shift in Ahmedabad effective Feb 9, 2026 to A-12 Times Corporate Park.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97d367cd-e219-4642-b8c9-8de9878c14e2.pdf) |
| 6 Apr - Certificate under Regulation-74(5) of SEBI (DP) Regulations, 2018 for the period ended on March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Certificate under Regulation-74(5) of SEBI (DP) Regulations, 2018 for the period ended on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52084537-e039-4b1a-ade7-51a4c4f6c638.pdf) |
| 5 Mar - Company will be participating in the investor/analyst conference of Arihant Capital's Bharat Connect Conference, Rising Stars-2026, scheduled to be held on March 10, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Mar - Company will be participating in the investor/analyst conference of Arihant Capital's Bharat Connect Conference, Rising Stars-2026, scheduled to be held on March 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01d175b6-7db4-4fad-9fb7-ad6acffffd61.pdf) |
| 29 Apr - Received ₹5.44 crore order on April 29, 2026 for 1.87 MWp solar plant in Rajkot, to execute in 6 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 29 Apr - Received ₹5.44 crore order on April 29, 2026 for 1.87 MWp solar plant in Rajkot, to execute in 6 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef2eb572-9973-4d71-a637-6d43ca0e9e0f.pdf) |
| 29 Apr - Received ₹5.44 crore order on April 29, 2026 for 1.87 MWp solar plant in Rajkot, to execute in 6 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 29 Apr - Received ₹5.44 crore order on April 29, 2026 for 1.87 MWp solar plant in Rajkot, to execute in 6 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef2eb572-9973-4d71-a637-6d43ca0e9e0f.pdf) |
| 26 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026. | [Closure of Trading Window 26 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25734504-923a-4492-8840-82af97505263.pdf) |
| 23 Apr - On April 23, 2026, Dhaval Shah’s role changed from independent to non-independent director, pending shareholder approval. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. April 23, 2026 23 Apr - On April 23, 2026, Dhaval Shah’s role changed from independent to non-independent director, pending shareholder approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49e2888f-9d93-43ff-96bb-efc0ae2c6d1a.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76003485-41da-4f86-836c-57e6df17d34d.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bfd9b4c9-db0a-4015-af46-6a9f09cbec8e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19423_ZODIAC_2020_2021_05092021130153_09052021140003.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17333_ZODIAC_2019_2020_04092020222140_04092020230004.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15831_ZODIAC_2018_2019_05092019192410_05092019200013.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13895_ZODIAC_2017_2018_01102018154127.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76b1b592-36fb-492a-9297-8e7f321aec81.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5a1c516-6793-4808-88aa-76f5d268ea9c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/911909ef-a71c-4b77-9c15-54b7edf2ea02.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543416/76230543416.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2024-08-27 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bfd9b4c9-db0a-4015-af46-6a9f09cbec8e.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-08-22 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1d23d71-f209-409c-91bd-fdb3e784e189.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:56.034Z.