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ZEEL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.3

Stock Code ZEEL Market Cap 7,849 Cr. Current Price 81.6 ₹ High / Low 152 ₹
Stock P/E 16.9 Book Value 111 ₹ Dividend Yield 2.98 % ROCE 9.83 %
ROE 7.58 % Face Value 1.00 ₹ DMA 50 91.3 ₹ DMA 200 108 ₹
Chg in FII Hold -1.22 % Chg in DII Hold -1.94 % PAT Qtr 118 Cr. PAT Prev Qtr 78.3 Cr.
RSI 38.0 MACD -2.87 Volume 43,78,039 Avg Vol 1Wk 78,18,601
Low price 78.4 ₹ High price 152 ₹ PEG Ratio -0.93 Debt to equity 0.03
52w Index 4.37 % Qtr Profit Var -38.0 % EPS 4.76 ₹ Industry PE 17.3

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT improved sequentially from 78.3 Cr. to 118 Cr., but YoY profit variation is negative (-38%), showing earnings volatility.
  • Margins & Returns: ROCE at 9.83% and ROE at 7.58% indicate modest efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.03 reflects negligible leverage, ensuring financial safety.
  • Cash Flows: Dividend yield of 2.98% provides decent shareholder returns despite weak profitability.

💹 Valuation Indicators

  • P/E Ratio: 16.9 vs industry average of 17.3 → trades close to fair value.
  • P/B Ratio: Current Price / Book Value ≈ 0.73 → undervalued relative to book value.
  • PEG Ratio: -0.93 → negative, signaling weak growth outlook.
  • Intrinsic Value: Current price (81.6 ₹) appears undervalued compared to book value, but growth concerns limit upside.

🏢 Business Model & Competitive Advantage

  • Operates in media and entertainment with strong brand recognition in broadcasting.
  • Diversified content portfolio across TV, digital, and regional markets.
  • Weak profitability and declining institutional confidence limit competitive strength.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 78 ₹ – 82 ₹, near 52-week low support.
  • Long-Term Holding: Suitable only for investors seeking turnaround potential; staggered buying recommended due to weak growth signals.

✅ Positive

  • Dividend yield of 2.98% provides steady income.
  • Sequential PAT growth from 78.3 Cr. to 118 Cr. shows short-term recovery.
  • Low debt-to-equity ratio (0.03) ensures financial safety.

⚠️ Limitation

  • Weak ROCE (9.83%) and ROE (7.58%) compared to peers.
  • Negative PEG ratio (-0.93) signals poor growth outlook.
  • Quarterly profit variation (-38%) highlights earnings volatility.

📉 Company Negative News

  • Stock trading below both 50 DMA (91.3 ₹) and 200 DMA (108 ₹), indicating weak momentum.
  • RSI at 38.0 and negative MACD (-2.87) suggest bearish technical outlook.
  • Decline in both FII (-1.22%) and DII (-1.94%) holdings shows reduced institutional confidence.

📈 Company Positive News

  • Sequential PAT improved from 78.3 Cr. to 118 Cr.
  • Dividend yield of 2.98% supports shareholder value.

🏭 Industry

  • Industry P/E at 17.3 indicates sector trades at similar multiples.
  • Media and entertainment sector benefits from rising digital consumption and advertising demand.
  • ZEEL trades close to fair value but remains undervalued relative to book value.

🔎 Conclusion

ZEEL shows modest fundamentals with low debt and decent dividend yield, but faces weak efficiency, earnings volatility, and bearish technical signals. Entry is advisable near 78 ₹ – 82 ₹ for speculative investors, with staggered accumulation to mitigate risks. Overall, ZEEL remains strategically positioned in media and entertainment, though growth outlook and institutional sentiment warrant caution.

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