Zodiac Energy Limited (ZODIAC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Zodiac Energy Limited ₹216, price ₹217, upside -0.3%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹14.57 – ₹814.96 · fair‑value band ₹162.18 – ₹270.30 · the ₹216.91 price screens above the ₹216.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Zodiac Energy Limited engages in the installation of solar power generation plants and related items primarily in India.
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Zodiac Energy Limited engages in the installation of solar power generation plants and related items primarily in India. The company offers solar photovoltaic (PV) systems; solar water heaters for residential, commercial, and industrial uses; and grid connected solar PV systems, rooftop solar PV systems, off grid solar PV systems, solar pumping solutions, building integrated PV systems, etc. It also provides engineering, procurement, and construction services to captive power producers; generates solar energy; and design, supply, testing and commissioning, and operation and maintenance, as well as turnkey solutions for renewable energy power plants. The company was incorporated in 1992 and is headquartered in Ahmedabad, India.
Stock analysis
Zodiac Energy Limited (ZODIAC) currently trades at ₹216.91, while our model-based Fair Value estimate is ₹216.24, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹471.40 per share, and 8 of the 16 models we run sit above the ₹216.91 price.
Bear case: the Asset-Based group reads lowest at ₹38.24, and 8 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹162.18 (bear) to ₹270.30 (bull), the price of ₹216.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zodiac Energy Limited reported revenue of ₹5.4B in FY2026 versus ₹1.4B in FY2022, a compound +39.6%/yr. Reported net income was ₹211M in FY2026, compounding +40.2%/yr from FY2022.
Key figures
Market cap ₹5.4B (≈ $56.3M) · P/E ratio 71.0 · P/S ratio 2.76 · EPS (TTM) ₹3.73 · Dividend yield 0.3% · Net margin 3.9% · Return on equity 19.5% · Return on assets (EBIT) 12.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −51% fair-value upside, at 0%, ZODIAC screens cheaper than that median.
Fair Value models
Bear ₹162.18Fair Value ₹216.24Bull ₹270.30
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.51 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+33.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+58.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.2%
Start year 2021 (pandemic). Over 10 years: +50.4% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+37.3%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+39.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.7%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35.6% vs 62.4%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 8%
2026 sits 84% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Construction & Engineering · 18 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−0.3% · Above median
Profitability
Return on equity (TTM)19.5% · Top 25%
Return on assets7.3% · Top 25%
Net margin (TTM)3.9% · Below median
Operating margin (TTM)9.2% · Top 25%
Growth and dividend
Revenue growth23.2% · Top 25%
Valuation Multiplesvs Construction & Engineering median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zodiac Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/ZODIAC
Frequently asked questions
Is Zodiac Energy Limited (ZODIAC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹216.24 versus a price of ₹216.91, about −0% upside (fairly valued).
What is the fair value of ZODIAC?
Our model-based fair value for Zodiac Energy Limited is ₹216.24 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹216.91.
What is the quality score of ZODIAC?
Zodiac Energy Limited has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Zodiac Energy Limited (ZODIAC)?
Our model-based price target is the fair value of ₹216.24 (as of Sep 27, 2026) from 16 valuation models. Cautious scenario ₹162.18, optimistic scenario ₹270.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Zodiac Energy Limited stock forecast for 2026?
Our models put fair value at ₹216.24, about −0% upside versus a price of ₹216.91 (fairly valued). Cautious scenario ₹162.18, optimistic scenario ₹270.30. The calculation is refreshed regularly with new filings.
What is the revenue of Zodiac Energy Limited (ZODIAC)?
Zodiac Energy Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Sep 27, 2026).
Does Zodiac Energy Limited pay a dividend?
Zodiac Energy Limited currently shows a dividend yield of about 0.35% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Zodiac Energy Limited (ZODIAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zodiac Energy Limited it is ₹216.24 per share (as of Sep 27, 2026), against a price of ₹216.91. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Zodiac Energy Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ZODIAC trades above its calculated fair value: price ₹216.91, fair value ₹216.24, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ZODIAC?
No. The price is what the market pays today (₹216.91); the fair value is what the company's own numbers justify (₹216.24). For Zodiac Energy Limited the two are ₹0.6700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zodiac Energy Limited worth?
The market values Zodiac Energy Limited at about ₹5.4B (market capitalisation, as of Sep 27, 2026). Per share that is ₹216.91; our models calculate a fair value of ₹216.24 per share.
What do the bullish and bearish scenarios say about ZODIAC?
Our models span a range for Zodiac Energy Limited: cautious scenario ₹162.18, base ₹216.24, optimistic ₹270.30 per share (as of Sep 27, 2026, price ₹216.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZODIAC?
Zodiac Energy Limited trades at a price-to-earnings ratio of 71.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹216.24 is built from several models across several years. Other multiples: P/B 4.6, P/S 1.0, EV/EBITDA 9.1.
How solid is the balance sheet of Zodiac Energy Limited (ZODIAC)?
Balance-sheet figures for Zodiac Energy Limited (as of Sep 27, 2026): return on equity 19.5%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is ZODIAC from its 52-week high?
Zodiac Energy Limited trades at ₹216.91, about 46% below its 52-week high of ₹398.30 and 4% above the low of ₹208.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹216.24 is for.
Which stocks are comparable to Zodiac Energy Limited?
From the same area (Industrials) we also value KT Submarine Co, Hanyang ENG Co, MWIDE, EEIPB, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zodiac Energy Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹216.91, calculated fair value ₹216.24 (−0%), Quality Score 41/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ZODIAC calculated?
We run Zodiac Energy Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹216.24, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Zodiac Energy Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zodiac Energy Limited (ZODIAC)?
The closing price on Oct 1, 2026 was ₹216.91. Our model-based fair value is ₹216.24, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zodiac Energy Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Zodiac Energy Limited
How large is the market capitalisation of Zodiac Energy Limited (ZODIAC)?
The market capitalisation of Zodiac Energy Limited is ₹5.4B (≈ $56.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zodiac Energy Limited (ZODIAC)?
The price-to-sales ratio of Zodiac Energy Limited is 2.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zodiac Energy Limited (ZODIAC)?
Earnings per share at Zodiac Energy Limited are ₹3.73 (price ÷ EPS = P/E 71.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zodiac Energy Limited (ZODIAC)?
The dividend yield of Zodiac Energy Limited is 0.3% (payout 20.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zodiac Energy Limited (ZODIAC)?
The net margin of Zodiac Energy Limited is 3.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zodiac Energy Limited (ZODIAC)?
The return on equity (ROE) of Zodiac Energy Limited is 19.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zodiac Energy Limited (ZODIAC)?
On an EBIT basis the return on assets of Zodiac Energy Limited is 12.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zodiac Energy Limited (ZODIAC)?
The operating margin of Zodiac Energy Limited is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zodiac Energy Limited (ZODIAC)?
Revenue at Zodiac Energy Limited is growing +23.2% versus a year earlier (3y avg +58.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zodiac Energy Limited (ZODIAC)?
Earnings per share at Zodiac Energy Limited are growing +14.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zodiac Energy Limited (ZODIAC) generate?
The free cash flow of Zodiac Energy Limited is −₹469M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Zodiac Energy Limited (ZODIAC) carry?
The net debt of Zodiac Energy Limited is ₹2.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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