
About Zodiac Energy Limited
Data last updated:
Zodiac Energy Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51909GJ1992PLC017694. Its GSTIN is 24AAACZ1284C1ZN (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 543416 and NSE: ZODIAC.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.15 Cr. It was formerly known as Zodiac Energy Private Limited and Zodiac Genset Pvt Ltd. It is led by directors including Kunjbihari Shah (Managing Director) and Parul Kunjbihari Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Zodiac House 12 Times Corporate Park, Ahmedabad, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹543.52 Cr, a growth of 33.3% compared to the previous year. For the same year it recorded a net profit of ₹19.97 Cr (net margin 3.7%) and EBITDA of ₹55.78 Cr (EBITDA margin 10.3%). The net worth stands at ₹116.84 Cr (up 21% YoY). Total assets are valued at ₹362.74 Cr (up 33.3% YoY).
The company has about 193 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zodiac Energy. As per MCA filings, the company has open charges of ₹218.73 Cr and satisfied charges of ₹5.36 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it. The company has 6 deals on record (4 market trades, 1 qip, 1 ipo); the latest was in August 2024. The company has 6 MSME Form 1 returns on record between 2019 and 2023, listing 17 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zodiacenergy.com.
Company details
Name history
Zodiac Energy has undergone 2 name changes throughout its history. The company was previously known as Zodiac Energy Private Limited, and Zodiac Genset Pvt Ltd. The current legal name is Zodiac Energy Limited.
| Company Name | Status |
|---|---|
| Zodiac Energy Limited | Current |
| Zodiac Energy Private Limited | Previous |
| Zodiac Genset Pvt Ltd | Previous |
CIN history
Zodiac Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909GJ1992PLC017694, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909GJ1992PLC017694 | Current |
| U51909GJ1992PLC017694 | Previous |
| U51909GJ1992PTC017694 | Previous |
Contact details
Zodiac Energy Limited's registered office is in Ahmedabad, Gujarat. Its website is zodiacenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressZodiac House 12 Times Corporate Park Opp. Copper Stone, Near Bhagban Party Plot Thaltej – Shilaj Road, Ahmedabad, Gujarat, India – 380059
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Zodiac Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Zodiac Energy operates one associated brand: Zodiac Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar parabolic troughs, water heaters, and PV modules are installed. | zodiacenergy.com |
Business activity
The main business activity of Zodiac Energy is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Zodiac Energy Limited, buy the company report.
Financials of Zodiac Energy Limited
FY 2025-26 filings availableZodiac Energy Limited reported revenue of ₹543.52 Cr (up 33.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 544 | 408 |
| Revenue growth | +33.3% | - |
| EBITDA | 55.78 | 37.04 |
| EBITDA margin | +10.3% | +9.1% |
| Profit before tax | 28.98 | 27.53 |
| Net profit | 19.97 | 19.67 |
| Net profit margin | +3.7% | +4.8% |
| EPS (₹) | 13.94 | 13.23 |
| Balance sheet | ||
| Total assets | 363 | 272 |
| Net worth | 117 | 96.57 |
| Total debt | 243 | 175 |
| Cash & bank | 33.92 | 18.08 |
| Net working capital | 220 | 122 |
| Cash flow | ||
| Cash from operations | 16.27 | (48.84) |
| Cash from investing | (53.98) | (105) |
| Cash from financing | 49.57 | 153 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 142 | 211 | 138 | 96.77 | 98.05 | 171 | 104 |
| Revenue growth (YoY) | +71.8% | +44.6% | +23.2% | +31.9% | +83.4% | +23.6% | - | - |
| Other income | 0.83 | 1.49 | 1.38 | 0.44 | 0.31 | 0.34 | 1.01 | 0.46 |
| EBITDA | 19.24 | 15.81 | 22.04 | 13.70 | 10.29 | 9.72 | 17.61 | 10.32 |
| EBITDA margin | +11.6% | +11.1% | +10.4% | +10.0% | +10.6% | +9.9% | +10.3% | +9.9% |
| Depreciation | 3.26 | 2.31 | 2.63 | 2.72 | 2.62 | 1.98 | 1.72 | 0.54 |
| Interest | 5.21 | 5.18 | 5.88 | 4.53 | 4.48 | 4.41 | 3.95 | 2.60 |
| Profit before tax | 11.60 | 9.81 | 14.91 | 6.89 | 3.50 | 3.67 | 12.95 | 7.64 |
| Tax | 2.43 | 2.81 | 4.29 | 1.81 | 0.84 | 1.05 | 3.51 | 1.93 |
| Net profit | 9.17 | 7.00 | 10.62 | 5.08 | 2.66 | 2.62 | 9.44 | 5.71 |
| EPS (₹) | 5.90 | 4.55 | 6.99 | 2.67 | 1.75 | 1.77 | 6.14 | 3.75 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 544 | 408 | 220 | 138 | 143 | 100 | 68.18 |
| Revenue growth | +33.3% | +85.3% | +59.9% | -3.7% | +42.4% | +47.2% | - |
| EBITDA | 55.56 | 37.04 | 18.95 | 7.50 | 8.87 | 7.14 | 4.80 |
| EBITDA margin | +10.2% | +9.1% | +8.6% | +5.5% | +6.2% | +7.1% | +7.0% |
| Profit before tax | 29.23 | 27.53 | 14.73 | 4.39 | 7.64 | 5.97 | 4.26 |
| Net profit | 19.98 | 19.67 | 10.88 | 3.08 | 5.48 | 4.43 | 2.99 |
| Net profit margin | +3.7% | +4.8% | +4.9% | +2.2% | +3.8% | +4.4% | +4.4% |
| EPS (₹) | 13.94 | 13.23 | 7.50 | 2.18 | 3.73 | 3.02 | 4.10 |
| Balance sheet | |||||||
| Total assets | 335 | 272 | 89.14 | 82.65 | 51.21 | 41.43 | 29.62 |
| Net worth | 117 | 96.57 | 47.57 | 36.05 | 32.91 | 27.40 | 23.48 |
| Total debt | 217 | 175 | 40.84 | 45.92 | 17.75 | 12.53 | 5.80 |
| Cash & bank | 32.93 | 18.08 | 10.21 | 5.57 | 3.40 | 2.55 | 0.18 |
| Net working capital | 189 | 122 | 82.07 | 66.79 | 44.18 | 38.38 | 27.00 |
| Cash flow | |||||||
| Cash from operations | 47.61 | (48.84) | 15.87 | (23.15) | 2.30 | (4.00) | (0.13) |
| Cash from investing | (59.36) | (105) | (4.90) | (3.05) | (3.86) | (1.63) | (0.77) |
| Cash from financing | 22.62 | 153 | (9.83) | 24.99 | 2.93 | 5.72 | 0.95 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 142 | 211 | 138 | 96.78 | 98.05 | 171 | 104 |
| Revenue growth (YoY) | +70.3% | +44.6% | +23.2% | +31.9% | +83.4% | +23.6% | - | - |
| Other income | 1.03 | 1.48 | 1.34 | 0.54 | 0.30 | 0.34 | 1.01 | 0.46 |
| Total expenses | 147 | 127 | 189 | 124 | 86.51 | 88.36 | 154 | 94.01 |
| EBITDA | 18.07 | 15.06 | 21.81 | 13.69 | 10.27 | 9.69 | 17.61 | 10.32 |
| EBITDA margin | +11.0% | +10.6% | +10.3% | +10.0% | +10.6% | +9.9% | +10.3% | +9.9% |
| Depreciation | 2.36 | 2.31 | 2.63 | 2.72 | 2.62 | 1.98 | 1.72 | 0.54 |
| Interest | 4.60 | 4.63 | 5.47 | 4.49 | 4.41 | 4.41 | 3.95 | 2.60 |
| Profit before tax | 12.14 | 9.60 | 15.05 | 7.02 | 3.54 | 3.64 | 12.95 | 7.64 |
| Tax | 2.96 | 2.58 | 4.42 | 1.94 | 0.86 | 0.95 | 3.51 | 1.93 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 142 | 211 | 138 | 96.77 | 98.05 | 171 | 104 |
| Revenue growth (YoY) | +71.8% | +44.6% | +23.2% | +31.9% | +83.4% | +23.6% | - | - |
| Other income | 0.83 | 1.49 | 1.38 | 0.44 | 0.31 | 0.34 | 1.01 | 0.46 |
| EBITDA | 19.24 | 15.81 | 22.04 | 13.70 | 10.29 | 9.72 | 17.61 | 10.32 |
| EBITDA margin | +11.6% | +11.1% | +10.4% | +10.0% | +10.6% | +9.9% | +10.3% | +9.9% |
| Depreciation | 3.26 | 2.31 | 2.63 | 2.72 | 2.62 | 1.98 | 1.72 | 0.54 |
| Interest | 5.21 | 5.18 | 5.88 | 4.53 | 4.48 | 4.41 | 3.95 | 2.60 |
| Profit before tax | 11.60 | 9.81 | 14.91 | 6.89 | 3.50 | 3.67 | 12.95 | 7.64 |
| Tax | 2.43 | 2.81 | 4.29 | 1.81 | 0.84 | 1.05 | 3.51 | 1.93 |
| Net profit | 9.17 | 7.00 | 10.62 | 5.08 | 2.66 | 2.62 | 9.44 | 5.71 |
| EPS (₹) | 5.90 | 4.55 | 6.99 | 2.67 | 1.75 | 1.77 | 6.14 | 3.75 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 544 | 408 |
| Revenue growth | +33.3% | - |
| Other income | 2.46 | 1.89 |
| Total expenses | 488 | 371 |
| Employee cost | 12.61 | 9.34 |
| EBITDA | 55.78 | 37.04 |
| EBITDA margin | +10.3% | +9.1% |
| Depreciation | 9.95 | 2.69 |
| Interest | 19.31 | 8.71 |
| Profit before tax | 28.98 | 27.53 |
| Tax | 7.99 | 7.56 |
| Net profit | 19.97 | 19.67 |
| Net profit margin | +3.7% | +4.8% |
| EPS (₹) | 13.94 | 13.23 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 15.12 | 15.10 |
| Reserves & surplus | 102 | 81.47 |
| Shareholders' funds (net worth) | 117 | 96.57 |
| Minority interest | 1.82 | 0.00 |
| Secured loans | 211 | 156 |
| Unsecured loans | 31.97 | 18.81 |
| Total debt | 243 | 175 |
| Total liabilities | 363 | 272 |
| Assets | ||
| Gross block | 143 | 95.04 |
| Net block | 131 | 91.90 |
| Capital work in progress | 2.20 | 7.47 |
| Investments | 8.17 | 0.00 |
| Inventories | 128 | 51.47 |
| Sundry debtors | 113 | 57.07 |
| Cash & bank balances | 33.92 | 18.08 |
| Loans & advances | 54.23 | 58.80 |
| Total current assets | 330 | 185 |
| Total current liabilities | 109 | 63.47 |
| Net working capital | 220 | 122 |
| Total assets | 363 | 272 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 1.62 | 1.57 |
| Net cash from operating activities | 16.27 | (48.84) |
| Net cash from investing activities | (53.98) | (105) |
| Net cash from financing activities | 49.57 | 153 |
| Net change in cash | 11.86 | 0.05 |
| Closing cash | 33.92 | 18.08 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +33.3% | - |
| EBITDA growth | +50.6% | - |
| PBT growth | +5.3% | +9997.0% |
| Net income growth | +1.5% | - |
| Profitability & leverage | ||
| Net income margin | +3.9% | +4.9% |
| Return on capital employed | +15.3% | +13.3% |
| Return on net worth | +19.7% | +20.7% |
| Debt / equity | 1.96 | 1.81 |
| Long-term debt / equity | 1.06 | 1.11 |
| Interest cover | 42.13 | 25.36 |
| Efficiency & per share | ||
| Fixed asset turnover | 4.57 | 4.29 |
| Inventory turnover | 6.04 | 7.92 |
| Debtors turnover | 6.39 | 7.15 |
| EPS (₹) | 13.94 | 13.23 |
| Dividend per share (₹) | 0.75 | 0.75 |
| Book value per share (₹) | 77.28 | 63.95 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 142 | 211 | 138 | 96.78 | 98.05 | 171 | 104 |
| Revenue growth (YoY) | +70.3% | +44.6% | +23.2% | +31.9% | +83.4% | +23.6% | - | - |
| Other income | 1.03 | 1.48 | 1.34 | 0.54 | 0.30 | 0.34 | 1.01 | 0.46 |
| Total expenses | 147 | 127 | 189 | 124 | 86.51 | 88.36 | 154 | 94.01 |
| EBITDA | 18.07 | 15.06 | 21.81 | 13.69 | 10.27 | 9.69 | 17.61 | 10.32 |
| EBITDA margin | +11.0% | +10.6% | +10.3% | +10.0% | +10.6% | +9.9% | +10.3% | +9.9% |
| Depreciation | 2.36 | 2.31 | 2.63 | 2.72 | 2.62 | 1.98 | 1.72 | 0.54 |
| Interest | 4.60 | 4.63 | 5.47 | 4.49 | 4.41 | 4.41 | 3.95 | 2.60 |
| Profit before tax | 12.14 | 9.60 | 15.05 | 7.02 | 3.54 | 3.64 | 12.95 | 7.64 |
| Tax | 2.96 | 2.58 | 4.42 | 1.94 | 0.86 | 0.95 | 3.51 | 1.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 544 | 408 | 220 | 138 | 143 | 100 | 68.18 |
| Revenue growth | +33.3% | +85.3% | +59.9% | -3.7% | +42.4% | +47.2% | - |
| Other income | 2.42 | 1.89 | 0.97 | 0.84 | 0.98 | 0.30 | 0.31 |
| Total expenses | 488 | 371 | 201 | 130 | 134 | 93.23 | 63.38 |
| Employee cost | 12.61 | 9.34 | 6.31 | 4.57 | 4.03 | 3.57 | 2.27 |
| EBITDA | 55.56 | 37.04 | 18.95 | 7.50 | 8.87 | 7.14 | 4.80 |
| EBITDA margin | +10.2% | +9.1% | +8.6% | +5.5% | +6.2% | +7.1% | +7.0% |
| Depreciation | 9.95 | 2.69 | 0.78 | 0.77 | 0.61 | 0.46 | 0.11 |
| Interest | 18.80 | 8.71 | 4.41 | 3.18 | 1.60 | 1.01 | 0.74 |
| Profit before tax | 29.23 | 27.53 | 14.73 | 4.39 | 7.64 | 5.97 | 4.26 |
| Tax | 8.16 | 7.56 | 3.77 | 1.19 | 2.17 | 1.53 | 1.27 |
| Net profit | 19.98 | 19.67 | 10.88 | 3.08 | 5.48 | 4.43 | 2.99 |
| Net profit margin | +3.7% | +4.8% | +4.9% | +2.2% | +3.8% | +4.4% | +4.4% |
| EPS (₹) | 13.94 | 13.23 | 7.50 | 2.18 | 3.73 | 3.02 | 4.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.12 | 15.10 | 14.63 | 14.63 | 14.63 | 14.63 | 7.32 |
| Reserves & surplus | 102 | 81.47 | 32.94 | 21.42 | 18.28 | 12.77 | 16.16 |
| Shareholders' funds (net worth) | 117 | 96.57 | 47.57 | 36.05 | 32.91 | 27.40 | 23.48 |
| Secured loans | 188 | 156 | 28.54 | 39.21 | 12.29 | 12.53 | 5.80 |
| Unsecured loans | 29.27 | 18.81 | 12.30 | 6.71 | 5.46 | 0.00 | 0.00 |
| Total debt | 217 | 175 | 40.84 | 45.92 | 17.75 | 12.53 | 5.80 |
| Total liabilities | 335 | 272 | 89.14 | 82.65 | 51.21 | 41.43 | 29.62 |
| Assets | |||||||
| Gross block | 140 | 95.04 | 6.75 | 4.58 | 4.53 | 2.82 | 1.35 |
| Net block | 128 | 91.90 | 4.17 | 2.74 | 3.47 | 2.36 | 0.58 |
| Capital work in progress | 1.44 | 7.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 17.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 128 | 51.47 | 14.12 | 16.77 | 29.30 | 18.54 | 11.20 |
| Sundry debtors | 113 | 57.07 | 78.42 | 41.39 | 30.38 | 22.77 | 25.34 |
| Cash & bank balances | 32.93 | 18.08 | 10.21 | 5.57 | 3.40 | 2.55 | 0.18 |
| Loans & advances | 54.21 | 58.80 | 5.81 | 15.12 | 9.05 | 8.93 | 3.90 |
| Total current assets | 329 | 185 | 109 | 78.85 | 72.13 | 52.79 | 40.62 |
| Total current liabilities | 139 | 63.47 | 26.49 | 12.06 | 27.95 | 14.41 | 13.62 |
| Net working capital | 189 | 122 | 82.07 | 66.79 | 44.18 | 38.38 | 27.00 |
| Total assets | 335 | 272 | 89.14 | 82.65 | 51.21 | 41.43 | 29.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.62 | 1.57 | 0.43 | 1.64 | 0.27 | 0.18 | 0.13 |
| Net cash from operating activities | 47.61 | (48.84) | 15.87 | (23.15) | 2.30 | (4.00) | (0.13) |
| Net cash from investing activities | (59.36) | (105) | (4.90) | (3.05) | (3.86) | (1.63) | (0.77) |
| Net cash from financing activities | 22.62 | 153 | (9.83) | 24.99 | 2.93 | 5.72 | 0.95 |
| Net change in cash | 10.87 | 0.05 | 1.14 | (1.21) | 1.37 | 0.09 | 0.05 |
| Closing cash | 32.93 | 18.08 | 10.21 | 5.57 | 3.40 | 2.55 | 0.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +33.3% | +85.3% | +59.9% | -3.7% | +42.4% | +47.2% | - |
| EBITDA growth | +50.0% | +95.5% | +152.7% | -15.5% | +24.2% | +48.8% | - |
| PBT growth | +6.2% | +86.9% | +235.5% | -42.5% | +28.0% | +40.1% | -6.0% |
| Net income growth | +1.6% | +80.8% | +253.3% | -43.8% | +23.7% | +48.2% | - |
| Revenue CAGR (3Y) | +58.1% | +41.8% | +29.9% | +26.4% | +31.2% | +37.8% | +59.8% |
| EBITDA CAGR (3Y) | +94.9% | +61.0% | +38.5% | +16.0% | +22.9% | +32.2% | +81.7% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +4.9% | +5.0% | +2.3% | +3.8% | +4.4% | +4.4% |
| Return on capital employed | +15.8% | +20.1% | +22.3% | +11.3% | +20.0% | +19.6% | +18.4% |
| Return on net worth | +19.8% | +27.7% | +26.2% | +9.3% | +18.1% | +17.4% | +13.7% |
| Debt / equity | 1.84 | 1.50 | 1.04 | 0.92 | 0.50 | 0.36 | 0.23 |
| Long-term debt / equity | 0.95 | 0.83 | 0.27 | 0.28 | 0.17 | 0.02 | 0.00 |
| Interest cover | 41.22 | 25.36 | 24.27 | 47.25 | 19.37 | 15.12 | 15.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.63 | 8.01 | 38.85 | 30.22 | 38.90 | 48.14 | 54.76 |
| Inventory turnover | 6.04 | 12.43 | 14.25 | 5.98 | 5.98 | 6.75 | 7.64 |
| Debtors turnover | 6.39 | 6.02 | 3.67 | 3.84 | 5.38 | 4.17 | 3.17 |
| EPS (₹) | 13.94 | 13.23 | 7.50 | 2.18 | 3.73 | 3.02 | 4.10 |
| Dividend per share (₹) | 0.75 | 0.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 77.28 | 63.95 | 32.51 | 24.64 | 22.49 | 18.73 | 32.09 |
To see the full year-wise statements and ratios of Zodiac Energy Limited, buy the company report.
Board of directors of Zodiac Energy Limited
Zodiac Energy has 8 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunjbihari Shah Also directs: Harivansh Solar Projects LLP, Radhavallabh Solar Projects LLP, Zodiac Energy Ipp-1 Private Limited and 5 more | Managing Director | 22 Jun 1992 | 34 Years 4 Months | Current |
| Parul Kunjbihari Shah Also directs: Ra Solar Projects LLP, Sewakunj Solar Projects LLP, Satvat Solar Projects LLP and 5 more | Whole-Time Director | 01 Apr 1998 | 28 Years 7 Months | Current |
| Dhaval Shah Also directs: RBZ Jewellers Limited, Vdcap Finserv Private Limited, Vrinda Fintech Private Limited and 1 more | Director | 08 Sep 2017 | 9 Years 2 Months | Current |
| Kalpesh Lalitchandra Joshi Also directs: Gronixo Ventures LLP, Aviot Manufacturing Private Limited | Director | 08 Sep 2017 | 9 Years 2 Months | Current |
| Rakesh Arvindbhai Patel | Director | 01 Sep 2021 | 5 Years 2 Months | Current |
| Ambar Jayantilal Patel Also directs: Sagar Saket Infra LLP, Neptune Petrochemicals Limited, Shilp Gravures Limited and 2 more | Director | 01 Sep 2021 | 5 Years 2 Months | Current |
Auditor
Zodiac Energy Limited is audited by N P K U & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N P K U & ASSOCIATES | FY 2025 | 127079W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 70.00%, foreign institutional investors hold 0.10%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 29.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 70.00% | 70.00% | 69.90% | 69.90% |
| Public | 30.00% | 30.00% | 30.10% | 30.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2024 | 101023746 | Others | ₹20.36 Cr | Open | |
| 28 Aug 2024 | 100977469 | Sbicap Trustee Company Limited | ₹90.26 Cr | Open | |
| 30 Mar 2018 | 100177270 | Axis Bank Limited | ₹108.11 Cr | Open | |
| 22 Dec 2015 | 10621722 | Idbi Bank Limited | ₹2.65 Cr | Satisfied | |
| 26 Sep 1997 | 90112391 | The United Western Bank Ltd | ₹15 Lakh | Satisfied |
To see the full charge records of Zodiac Energy Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Zodiac Energy Limited has 6 deals on record (4 market trades, 1 qip, 1 ipo); the latest was in August 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | QIP | ₹29.56 Cr | Investors: Others - QIP Investors, Citadel Capital Fund, Nav Capital Vcc |
| Feb 2022 | Market trade | ₹99.4 Lakh | Seller: Alpha Leon Enterprises LLP |
| Feb 2022 | Market trade | ₹80.6 Lakh | Buyer: Alpha Leon Enterprises LLP |
| Jan 2022 | Market trade | ₹55.6 Lakh | Seller: an individual |
| Jan 2022 | Market trade | ₹55.5 Lakh | Seller: an individual |
To see the full deal history of Zodiac Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zodiac Energy Limited has 14 court cases on record: 9 filed by Zodiac Energy, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 0 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Arbitration matter | Filed by the company against Uttar Gujarat Vij Company Limited (Ugvcl) | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Uttar Gujarat Vij Company Limited and 1 other | Disposed |
| District court, Mahesana, Gujarat | Commercial matter | Filed by the company against Uttar Gujarat Vij Company Limited (Ugvcl) | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Zodiac Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Zodiac Energy Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 17 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| A R Electro Power Private Limited | |||
| an individual supplier | |||
| Chandulal D.Shah & Co. | |||
| Fimer India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Zodiac Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Zodiac Energy Limited has a workforce of 193 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 193 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Zodiac Energy Limited, buy the company report.
GST
Zodiac Energy has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACZ1284C1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zodiac Energy Limited, buy the company report.
Recent activity
Zodiac Energy Limited has 29 board changes on record since 1992: 19 appointments and 10 cessations. The latest: Dipika Modi ceased to be Company Secretary on 12 Apr 2025.
40 earlier events are in the company report.
News
Frequently asked questions
Zodiac Energy is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 May 1992 (34+ years old) and is registered under CIN L51909GJ1992PLC017694. Listed on BSE: 543416 and NSE: ZODIAC.
Zodiac Energy reported revenue of ₹543.52 Cr for FY 2025-26 (up 33.3% YoY) based on consolidated financials.
Zodiac Energy has 8 current directors:
- Kunjbihari Shah - Managing Director
- Parul Kunjbihari Shah - Whole-Time Director
- Dhaval Shah - Director
- Kalpesh Lalitchandra Joshi - Director
- Rakesh Arvindbhai Patel - Director
- Ambar Jayantilal Patel - Director
- Jaxay Shah - Director
- Jaiminbhai Jagdishbhai Shah - Director
The latest financial statements of Zodiac Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zodiac Energy is 24AAACZ1284C1ZN, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Zodiac Energy is L51909GJ1992PLC017694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Zodiac Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 543416) and NSE (symbol: ZODIAC).
Zodiac Energy has 14 court cases on record: 9 filed by the company and 5 filed against it. Most are in the district courts.
Zodiac Energy was incorporated on 22 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Zodiac Energy has 6 deals on record (4 market trades, 1 qip, 1 ipo); the latest was in August 2024.
Dipika Modi ceased to be Company Secretary on 12 Apr 2025. Dipika Modi was appointed as Company Secretary on 28 Oct 2023. Jaiminbhai Jagdishbhai Shah was appointed as Director on 08 Sep 2023. Zodiac Energy has 29 board changes on record in total.

