BSE: 0 | NSE: ZTECH | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Z-Tech (India) Ltd is a below average quality company.
The key valuation ratios of Z-Tech (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Z-Tech (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 9% | 2.3% | 24.5% | - |
| Value Creation Index ⓘ | -0.4 | -0.8 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 22.7 | 30.6 | 25.7 | 26 |
| Sales YoY Gr. | - | 35.2% | -16% | - |
| Adj EPS ⓘ | 0.7 | 0.1 | 2.3 | 1.6 |
| YoY Gr. | - | -85.5% | 2210% | - |
| BVPS (₹) ⓘ | 10.5 | 10.7 | 12.9 | 51.5 |
| Adj Net Profit ⓘ | 0.6 | 0.1 | 2 | 2 |
| Cash Flow from Ops. ⓘ | -1.4 | 1.7 | 0.1 | - |
| Debt/CF from Ops. ⓘ | -0.9 | 0.7 | 12.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | -16% | ||||
| Adj EPS ⓘ | NA | NA | NA | 2210% | ||||
| BVPSⓘ | NA | NA | NA | 21.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 6.5 | 0.9 | 19.7 | 4.8 |
| Op. Profit Mgn % ⓘ | 3.5 | 1.1 | 12.3 | 20.3 |
| Net Profit Mgn % ⓘ | 2.7 | 0.3 | 7.9 | 7.7 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 0 | 206 | 269 | 73 |
| Cash Conv. Cycle ⓘ | 0 | 51 | 61 | 51 |
Sales growth is good in last 4 quarters at 13.32%
Return on Equity has declined versus last 3 years average to 4.80%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.6 | 1.5 |
| TTM Sales (₹ Cr.) | 25.7 | 25.7 |
| BVPS (₹.) ⓘ | 51.5 | 10 |
| Reserves (₹ Cr.) ⓘ | 53 | - |
| P/BV ⓘ | 7.69 | 39.60 |
| PE ⓘ | 256.03 | 257.66 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 507 |
| Equity (₹ Cr.) | 12.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 23 | 31 | 26 |
| Operating Expenses ⓘ | 22 | 30 | 23 |
| Manufacturing Costs | 0 | 0 | 0 |
| Material Costs | 18 | 23 | 18 |
| Employee Cost | 3 | 3 | 3 |
| Other Costs ⓘ | 1 | 4 | 2 |
| Operating Profit ⓘ | 1 | 0 | 3 |
| Operating Profit Margin (%) | 3.4% | 1.1% | 12.0% |
| Other Income ⓘ | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 0 | 3 |
| Tax ⓘ | 0 | 0 | 1 |
| Profit After Tax | 1 | 0 | 2 |
| PAT Margin (%) | 2.6% | 0.3% | 7.7% |
| Adjusted EPS (₹) | 0.7 | 0.1 | 2.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 9 | 9 | 11 | |||||||
| Share Capital ⓘ | 1 | 1 | 1 | |||||||
| Reserves ⓘ | 8 | 8 | 10 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 1 | 1 | 1 | |||||||
| Long Term Debt | 1 | 1 | 1 | |||||||
| Short Term Debt | 1 | 0 | 0 | |||||||
| Trade Payables | 7 | 8 | 9 | |||||||
| Others Liabilities ⓘ | 2 | 1 | 2 | |||||||
| Total Liabilities ⓘ | 20 | 19 | 24 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 3 | 2 | 3 | |||||||
| Accumulated Depreciation | 3 | 1 | 1 | |||||||
| Net Fixed Assetsⓘ | 1 | 1 | 1 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 1 | 1 | 1 | |||||||
| Inventories | 1 | 0 | 1 | |||||||
| Trade Receivables | 12 | 12 | 15 | |||||||
| Cash Equivalents | 0 | 1 | 0 | |||||||
| Others Assetsⓘ | 5 | 4 | 5 | |||||||
| Total Assets ⓘ | 20 | 19 | 24 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1 | 2 | 0 |
| PBT ⓘ | 1 | 0 | 3 |
| Adjustment ⓘ | -1 | 4 | 1 |
| Changes in Working Capital ⓘ | -1 | -2 | -2 |
| Tax Paid ⓘ | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -1 |
| Capex | 0 | -1 | -1 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -1 | 1 | -1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.42 | 1.02 | 19.11 | |||||||
| ROCE (%) | 9.04 | 2.32 | 24.5 | |||||||
| Asset Turnover Ratio | 1.16 | 1.57 | 1.19 | |||||||
| PAT to CFO Conversion(x) | -1 | N/A | 0 | Working Capital Days | ||||||
| Receivable Days | 196 | 145 | 193 | |||||||
| Inventory Days | 18 | 9 | 11 | |||||||
| Payable Days | 149 | 119 | 172 | |||||||
The company was incorporated as a Private Limited Company with the name of “Z-Tech (India) Private Limited” under the Companies Act, 1956 vide certificate of incorporation dated November 09, 1994, issued by Registrar of Companies, Delhi. Further, the company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of the company at the Extra-Ordinary General Meeting held on November 20, 2023 and the name of the company changed from “Z-Tech (India) Private Limited” to “Z-Tech (India) Limited” & Registrar of Companies, Delhi has issued a new certificate of incorporation consequent upon conversion dated January 11, 2024.
The company originally designs civil engineering products and services with state-of-the-art specialty in Geo-Technical Specialised Solutions in the field of infrastructure and civil construction projects to India. It includes a range of techniques, methodologies, and technologies aimed at optimizing the performance and stability of structures built on or in the ground. In addition to this, it is actively engaged in the waste management sector, where its focus involves creating theme parks through the utilization of recycled scrap materials. Simultaneously, it is dedicated to implementing innovative waste water management solutions for industrial units, employing the cutting-edge GEIST technology. This dual commitment underscores its holistic approach to sustainable practices, transforming discarded materials into recreational spaces while efficiently managing industrial wastewater through state-of-the-art technology.
Business area of the company
The company is engaged in providing innovative, safe and eco-friendly engineering solutions to its customers. These solutions include three major categories: Sustainable Theme Park Development; Industrial Waste Water Management; and Geo Technical Specialised Solutions. Sustainable Theme Park Development includes but not limited to creating beautification artwork and infrastructure, landscape designing, sourcing and execution of waste materials and transforming them into meaningful and attractive show pieces. It involves incorporating environmentally friendly practices and responsible resource management throughout the planning, design, and operational phases of the project. It goes beyond traditional development approaches by prioritizing ecological, social, and economic considerations.
Industrial Waste Water Management involves the systematic treatment and responsible handling of wastewater generated by industrial processes. The goal is to mitigate the environmental impact of potentially harmful substances, promote water conservation, and even extract valuable resources from the wastewater. Under this segment, it has acquired GEIST, a water treatment technology, developing solutions for the recovery of chemicals from industrial waste water streams. It offers Turnkey Solutions for achieving profitable zero liquid discharge (ZLD). This technology is also termed as WOOW (Wealth out of Waste) Technologies. Geo Technical Specialised Solutions includes but not limited to reinforcement of soil walls and slopes, slope stabilization, retaining structures, ground improvement, riverside erosion control, coastal protection and similar activities. These services are offered including designing, supplying and construction undertaken by the company’s in-house chartered engineers and backed up by a full indemnity supervision team.
Key events
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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