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    Zeal Aqua Limited

    New Delhi-based air-cargo General Sales and Service Agent (GSSA) representing global airlines' cargo capacity, with an added passenger GSA line for Azerbaijan Airlines.

    Services
    Services

    Overview

    Price

    Market Cap

    ₹85 Cr

    Sector

    Services

    Services

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1121013131313
    Reserves45111353687279
    Borrowings3221710142520
    Other Liabilities1511172039473831
    Total Liabilities22193260115143149143
    AssetsFixed Assets010918192623
    CWIP00009700
    Investments00223333
    Other Assets2218294885113120117
    Total Assets22193260115143149143

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating9-57-92314-12
    Cash from Investing-10-5-9-43-175
    Cash from Financing1-10142334
    SummaryCapital Expenditure
    Free Cash Flow9-67-19310-15
    FCF Margin

    Valuation

    Assumptions

    Current — ZEAL
    Price
    ₹66
    EPS (TTM)
    ₹19.33
    PE (TTM)
    3.4
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (5.5×) and current (3.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹66
    vs
    Fair value · 15% return
    ₹40
    39%Overvalued

    At 10% growth and a 3× exit, ₹66 only delivers your return if you pay ₹40. The price is currently baking in 20% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 3×.

    YearGrowthEPS (₹)
    FY2710.0%21.26
    FY2810.0%23.39
    FY2910.0%25.73
    FY3010.0%28.30
    FY3110.0%31.13
    FY328.0% ·fade33.62
    FY336.0% ·fade35.64

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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