About Zeal Aqua Limited
Data last updated: 14 July 2026
Zeal Aqua Limited is a public limited company based in Surat, Gujarat, India. It specialises in fisheries and aquaculture, a part of the broader agriculture sector. Incorporated on 06 March 2009, the company has been in operation for over 17 years.
Registered with ROC Ahmedabad under CIN L05004GJ2009PLC056270. Listed on BSE: 539963.
Capital: an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.61 Cr. Formerly known as Zeal Aqua Private Limited. It is led by directors including Shantilal Ishwarlal Patel and Pradipkumar Ratilal Navik.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Block No. 347 Vill. Orma Ta: Olpad, Surat, Gujarat, India – 394540.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹667.51 Cr, a growth of 32% compared to the previous year. The net worth stands at ₹103.26 Cr (up 15.86% YoY). Total assets are valued at ₹340.74 Cr (up 2.87% YoY).
The company has a workforce of approximately 90 employees as per the latest available data. Its group structure includes 1 subsidiary.
The company is associated with 1 brand - Zeal Aqua. As per MCA filings, the company has open charges of ₹495.38 Cr and satisfied charges of ₹226.98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zealaqua.com.
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Registered AddressBlock No. 347 Vill. Orma Ta: Olpad, Surat, Gujarat, India – 394540
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IndustryAgriculture, Fisheries & Aquaculture
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Zeal Aqua Limited
Zeal Aqua Limited has one previous CIN (Corporate Identification Number): U05004GJ2009PLC056270. The current CIN is L05004GJ2009PLC056270, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L05004GJ2009PLC056270 | Current |
| U05004GJ2009PLC056270 | Previous |
Associated Brands with Zeal Aqua Limited
Zeal Aqua Limited operates one associated brand: Zeal Aqua. These brands represent Zeal Aqua Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Sustainable shrimp production and supply through aquaculture are managed. | zealaqua.com |
Business Activity of Zeal Aqua Limited
Zeal Aqua Limited is engaged in the principal business activity of agriculture, forestry, fishing, with detailed activities including fishing and aquaculture.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A3 | Fishing and aquaculture | Locked |
Business activity turnover details for Zeal Aqua Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Zeal Aqua Limited
Zeal Aqua Limited is audited by D C JARIWALA & CO (ICAI peer reviewed, certificate valid till 2026-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| D C JARIWALA & CO (ICAI peer reviewed, certificate valid till 2026-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Zeal Aqua Limited
Zeal Aqua Limited is currently managed by 8 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantilal Ishwarlal Patel | Whole-Time Director | 06 Mar 2009 | 17 Years 4 Months | Current |
| Pradipkumar Ratilal Navik | Managing Director | 06 Mar 2009 | 17 Years 4 Months | Current |
| Rohan Pradipkumar Navik | Whole-Time Director | 06 Jun 2011 | 15 Years 1 Months | Current |
| Dhavalkumar Shantilal Patel | Whole-Time Director | 22 Sep 2017 | 8 Years 9 Months | Current |
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Cyrus Dinsha Bhathena
Also directs:
Zeal Aqua Limited
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Director | 14 Oct 2017 | 8 Years 9 Months | Current |
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Pankajbhai Chimanlal Patel
Also directs:
Zeal Aqua Limited
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Additional Director | 12 Nov 2025 | 0 Years 8 Months | Current |
Financials of Zeal Aqua Limited FY 2026 filings available
Zeal Aqua Limited reported revenue of ₹667.51 Cr (up 32% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹667.51 Cr | ₹505.69 Cr | ₹397.8 Cr | ₹362.69 Cr | ₹345.22 Cr | ₹297.47 Cr | ₹238.52 Cr | ₹231.81 Cr |
| Other Income | ₹18.45 Cr | ₹9.69 Cr | ₹7.85 Cr | ₹8.38 Cr | ₹7.71 Cr | ₹5.35 Cr | ₹11.09 Cr | ₹6.3 Cr |
| Total Income | ₹685.96 Cr | ₹515.37 Cr | ₹405.65 Cr | ₹371.07 Cr | ₹352.93 Cr | ₹302.83 Cr | ₹249.61 Cr | ₹238.12 Cr |
| Cost of Materials Consumed | ₹578.24 Cr | ₹444.14 Cr | ₹338.54 Cr | ₹330.88 Cr | ₹296.55 Cr | ₹281.5 Cr | ₹224.03 Cr | ₹195.41 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹2.76 Cr | -₹18.1 Cr | ₹2.27 Cr | -₹28.78 Cr | -₹7.49 Cr | -₹35.16 Cr | -₹32.29 Cr | -₹16.68 Cr |
| Employee Benefit Expense | ₹14.73 Cr | ₹13.19 Cr | ₹9.95 Cr | ₹7.63 Cr | ₹6.49 Cr | ₹6.98 Cr | ₹7.24 Cr | ₹6.55 Cr |
| Finance Costs | ₹21.34 Cr | ₹22.24 Cr | ₹13.78 Cr | ₹13.83 Cr | ₹10.38 Cr | ₹13.07 Cr | ₹11.77 Cr | ₹10.05 Cr |
| Depreciation & Amortisation | ₹5.17 Cr | ₹5.47 Cr | ₹4.99 Cr | ₹5.33 Cr | ₹5.71 Cr | ₹6.56 Cr | ₹7.18 Cr | ₹8.49 Cr |
| Other Expenses | ₹44.11 Cr | ₹33.49 Cr | ₹25.87 Cr | ₹34 Cr | ₹34.1 Cr | ₹24.83 Cr | ₹25.64 Cr | ₹24.96 Cr |
| Total Expenses | ₹666.34 Cr | ₹500.43 Cr | ₹395.4 Cr | ₹362.89 Cr | ₹345.74 Cr | ₹297.79 Cr | ₹243.57 Cr | ₹228.77 Cr |
| Profit Before Exceptional Items & Tax | ₹19.62 Cr | ₹14.94 Cr | ₹10.25 Cr | ₹8.18 Cr | ₹7.19 Cr | ₹5.04 Cr | ₹6.04 Cr | ₹9.34 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹19.62 Cr | ₹14.94 Cr | ₹10.25 Cr | ₹8.18 Cr | ₹7.19 Cr | ₹5.04 Cr | ₹6.04 Cr | ₹9.34 Cr |
| Total Tax Expense | ₹5.51 Cr | ₹4.85 Cr | ₹1.98 Cr | ₹1.13 Cr | ₹1.44 Cr | ₹78.99 Lakh | -₹29.06 Lakh | ₹1.84 Cr |
| Net Profit | ₹14.11 Cr | ₹10.1 Cr | ₹8.27 Cr | ₹7.05 Cr | ₹5.75 Cr | ₹4.25 Cr | ₹6.33 Cr | ₹7.5 Cr |
| Other Comprehensive Income | ₹2.41 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | -₹6.11 Lakh | ₹5.11 Lakh | -₹4.67 Lakh |
| Total Comprehensive Income | ₹14.14 Cr | ₹10.1 Cr | ₹8.27 Cr | ₹7.05 Cr | ₹5.75 Cr | ₹4.19 Cr | ₹6.38 Cr | ₹7.46 Cr |
| EBITDA (computed) | ₹46.12 Cr | ₹42.66 Cr | ₹29.02 Cr | ₹27.34 Cr | ₹23.27 Cr | ₹24.67 Cr | ₹24.99 Cr | ₹27.88 Cr |
| Basic EPS | ₹1.12 | ₹0.80 | ₹0.66 | ₹0.56 | ₹0.46 | ₹3.37 | ₹5.06 | ₹5.91 |
| Diluted EPS | ₹1.12 | ₹0.80 | ₹0.66 | ₹0.56 | ₹0.46 | ₹3.37 | ₹5.06 | ₹5.91 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹340.74 Cr | ₹331.24 Cr | ₹295.39 Cr | ₹269.85 Cr | ₹224.78 Cr | ₹265.8 Cr | ₹211.67 Cr | ₹178.1 Cr |
| Non-current Assets | ₹55.98 Cr | ₹51.91 Cr | ₹49.65 Cr | ₹36.93 Cr | ₹39.93 Cr | ₹43.1 Cr | ₹49.24 Cr | ₹51.67 Cr |
| Current Assets | ₹284.76 Cr | ₹279.32 Cr | ₹245.74 Cr | ₹232.92 Cr | ₹184.85 Cr | ₹222.69 Cr | ₹162.42 Cr | ₹126.43 Cr |
| Property, Plant & Equipment | ₹38.37 Cr | ₹38.04 Cr | ₹36.25 Cr | ₹34.27 Cr | ₹37.32 Cr | ₹40.12 Cr | ₹40.24 Cr | ₹46.34 Cr |
| Inventories | ₹95.92 Cr | ₹140.4 Cr | ₹147.15 Cr | ₹149.43 Cr | ₹120.72 Cr | ₹119.93 Cr | ₹87.75 Cr | ₹51.39 Cr |
| Trade Receivables | ₹102.94 Cr | ₹102.47 Cr | ₹84.24 Cr | ₹65.89 Cr | ₹49.66 Cr | ₹90.85 Cr | ₹62.7 Cr | ₹57.96 Cr |
| Cash & Equivalents | ₹92.96 Lakh | ₹66.65 Lakh | ₹4.67 Cr | ₹1 Cr | ₹6.6 Cr | ₹13.31 Lakh | ₹27.87 Lakh | ₹3.92 Cr |
| Equity (Net Worth) | ₹103.26 Cr | ₹89.12 Cr | ₹79.02 Cr | ₹70.75 Cr | ₹63.81 Cr | ₹58.06 Cr | ₹54.94 Cr | ₹48.56 Cr |
| Equity Share Capital | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr | ₹12.61 Cr |
| Borrowings (Non-current) | ₹17.32 Cr | ₹23.86 Cr | ₹33.22 Cr | ₹30.26 Cr | ₹37.59 Cr | ₹24.95 Cr | ₹18.67 Cr | ₹19.51 Cr |
| Borrowings (Current) | ₹168.89 Cr | ₹147.76 Cr | ₹117.27 Cr | ₹106.19 Cr | ₹89.25 Cr | ₹86.83 Cr | ₹69.58 Cr | ₹63.95 Cr |
| Total Debt (computed) | ₹186.2 Cr | ₹171.62 Cr | ₹150.49 Cr | ₹136.45 Cr | ₹126.84 Cr | ₹111.78 Cr | ₹88.25 Cr | ₹83.46 Cr |
| Current Liabilities | ₹219.6 Cr | ₹217.87 Cr | ₹182.78 Cr | ₹168.55 Cr | ₹123.17 Cr | ₹182.59 Cr | ₹137.94 Cr | ₹109.9 Cr |
| Total Liabilities | ₹237.48 Cr | ₹242.12 Cr | ₹216.37 Cr | ₹199.1 Cr | ₹160.97 Cr | ₹207.73 Cr | ₹156.72 Cr | ₹129.54 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹36.18 Cr | ₹34.6 Cr | ₹24.58 Cr | ₹22.47 Cr | ₹77.33 Lakh |
| Investing Cash Flow | -₹4.42 Cr | -₹2.58 Cr | -₹10.29 Cr | -₹1.7 Cr | -₹1.52 Cr |
| Financing Cash Flow | -₹31.5 Cr | -₹36.02 Cr | -₹10.63 Cr | -₹21 Cr | ₹2.31 Cr |
| Capital Expenditure | ₹5.66 Cr | ₹3.36 Cr | ₹10.88 Cr | ₹2.2 Cr | ₹2.78 Cr |
| Free Cash Flow (computed) | ₹30.51 Cr | ₹31.24 Cr | ₹13.7 Cr | ₹20.26 Cr | -₹2.01 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹26.31 Lakh | -₹4 Cr | ₹3.66 Cr | -₹23.16 Lakh | ₹1.57 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹136.86 Cr | ₹222.08 Cr | ₹184.7 Cr | ₹123.87 Cr | ₹96.94 Cr | ₹169.34 Cr | ₹152.16 Cr | ₹87.24 Cr |
| Other Income | ₹7.44 Cr | ₹7.83 Cr | ₹1.44 Cr | ₹1.75 Cr | ₹1.77 Cr | ₹3.82 Cr | ₹2.3 Cr | ₹1.8 Cr |
| Total Income | ₹144.3 Cr | ₹229.91 Cr | ₹186.14 Cr | ₹125.62 Cr | ₹98.71 Cr | ₹173.15 Cr | ₹154.46 Cr | ₹89.04 Cr |
| Cost of Materials Consumed | ₹160.26 Cr | ₹161.72 Cr | ₹149.01 Cr | ₹107.23 Cr | ₹92.57 Cr | ₹112.38 Cr | ₹159.92 Cr | ₹79.27 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹42.7 Cr | ₹34.6 Cr | ₹11.23 Cr | -₹37.38 Lakh | -₹20.66 Cr | ₹32.31 Cr | -₹24.13 Cr | -₹5.62 Cr |
| Employee Benefit Expense | ₹7.62 Cr | ₹2.56 Cr | ₹2.29 Cr | ₹2.27 Cr | ₹2.22 Cr | ₹4.8 Cr | ₹3.32 Cr | ₹2.85 Cr |
| Finance Costs | ₹5.11 Cr | ₹5.53 Cr | ₹6.02 Cr | ₹4.68 Cr | ₹5.34 Cr | ₹7.95 Cr | ₹4.92 Cr | ₹4.03 Cr |
| Depreciation & Amortisation | ₹1.32 Cr | ₹1.28 Cr | ₹1.3 Cr | ₹1.27 Cr | ₹1.46 Cr | ₹1.45 Cr | ₹69.05 Lakh | ₹1.87 Cr |
| Other Expenses | ₹10.1 Cr | ₹14.06 Cr | ₹11.79 Cr | ₹8.16 Cr | ₹12.35 Cr | ₹8 Cr | ₹7.38 Cr | ₹5.75 Cr |
| Total Expenses | ₹141.71 Cr | ₹219.76 Cr | ₹181.64 Cr | ₹123.23 Cr | ₹93.29 Cr | ₹166.88 Cr | ₹152.11 Cr | ₹88.15 Cr |
| Profit Before Exceptional Items & Tax | ₹2.59 Cr | ₹10.14 Cr | ₹4.5 Cr | ₹2.39 Cr | ₹5.42 Cr | ₹6.27 Cr | ₹2.35 Cr | ₹89.64 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.59 Cr | ₹10.14 Cr | ₹4.5 Cr | ₹2.39 Cr | ₹5.42 Cr | ₹6.27 Cr | ₹2.35 Cr | ₹89.64 Lakh |
| Total Tax Expense | ₹54.79 Lakh | ₹2.61 Cr | ₹1.5 Cr | ₹85 Lakh | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹2.04 Cr | ₹7.53 Cr | ₹3 Cr | ₹1.54 Cr | ₹5.42 Cr | ₹6.27 Cr | ₹2.35 Cr | ₹89.64 Lakh |
| Other Comprehensive Income | ₹4.27 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹2.08 Cr | ₹7.53 Cr | ₹3 Cr | ₹1.54 Cr | ₹5.42 Cr | ₹6.27 Cr | ₹2.35 Cr | ₹89.64 Lakh |
| EBITDA (computed) | ₹9.01 Cr | ₹16.96 Cr | ₹11.82 Cr | ₹8.33 Cr | ₹12.23 Cr | ₹15.67 Cr | ₹7.97 Cr | ₹6.79 Cr |
| Basic EPS | ₹0.16 | ₹0.60 | ₹0.24 | ₹0.12 | ₹0.43 | ₹0.50 | ₹0.19 | ₹0.07 |
| Diluted EPS | ₹0.16 | ₹0.60 | ₹0.24 | ₹0.12 | ₹0.43 | ₹0.50 | ₹0.19 | ₹0.07 |
Shareholding Pattern of Zeal Aqua Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 68.42%, retail and other public shareholders hold 31.58% of Zeal Aqua Limited. The company had 32,656 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% | 68.42% |
| Public | 31.58% | 31.58% | 31.58% | 31.58% | 31.58% | 31.58% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 68.42% | 68.42% | 68.42% |
| Public | 31.58% | 31.58% | 31.58% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Group Structure of Zeal Aqua Limited
Zeal Aqua Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Zeal Aqua Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sagardeep Engineers Private Limited | U29100GJ2011PTC063479 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Zeal Aqua Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2026 | Indian Bank | ₹8.16 Cr | Open |
| 27 May 2026 | Bank of India | ₹10 Cr | Open |
| 15 May 2026 | Hdfc Bank Limited | ₹12.7 Lakh | Open |
| 25 Mar 2026 | Others | ₹15 Cr | Open |
| 31 Dec 2025 | Hdfc Bank Limited | ₹4.5 Lakh | Open |
Total charge records: 32 View all charges
Employees and EPFO Compliance at Zeal Aqua Limited
Zeal Aqua Limited has a workforce of 90 employees as of Apr 09, 2024.
Employee and EPFO history for Zeal Aqua Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Zeal Aqua Limited
GST registrations and filing compliance for Zeal Aqua Limited
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Credit Ratings, Litigation & Regulatory Alerts for Zeal Aqua Limited
Credit ratings, litigation, and regulatory alerts for Zeal Aqua Limited
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MSME Payment Delays by Zeal Aqua Limited
MSME payment history for Zeal Aqua Limited
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Subsidiaries & Group Companies of Zeal Aqua Limited
Corporate group structure for Zeal Aqua Limited
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MCA Filings & Documents of Zeal Aqua Limited
MCA filings and documents for Zeal Aqua Limited
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Recent Activity on Zeal Aqua Limited
Recent News on Zeal Aqua Limited
Frequently Asked Questions about Zeal Aqua Limited
Zeal Aqua Limited is an active public limited company in the agriculture sector based in Surat, Gujarat, India. It was incorporated on 06 March 2009 (17+ years old) and is registered under CIN L05004GJ2009PLC056270. Listed on BSE: 539963. The company has 90 employees.
Zeal Aqua Limited reported revenue of ₹667.51 Cr for FY 2026 (up 32% YoY) based on standalone BSE filings.
The current directors of Zeal Aqua Limited are:
- Shantilal Ishwarlal Patel - Whole-Time Director
- Pradipkumar Ratilal Navik - Managing Director
- Rohan Pradipkumar Navik - Whole-Time Director
- Dhavalkumar Shantilal Patel - Whole-Time Director
- Cyrus Dinsha Bhathena - Director
- Pankajbhai Chimanlal Patel - Additional Director
- Krutika Thakorbhai Patel - Director
- Snehal Bhavik Patel - Director
The primary industry of Zeal Aqua Limited is agriculture. The company specifically operates in fisheries and aquaculture. The company is currently active in this sector.
Yes. Zeal Aqua Limited is listed on BSE with code 539963.
Zeal Aqua Limited can be reached at the registered office: Block No. 347 Vill. Orma Ta: Olpad, Surat, Gujarat, India – 394540, or through the website zealaqua.com.