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ZENTEC - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.3

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

Fundamental Rating: 4.3

Stock Code ZENTEC Market Cap 12,070 Cr. Current Price 1,336 ₹ High / Low 2,268 ₹
Stock P/E 55.9 Book Value 195 ₹ Dividend Yield 0.15 % ROCE 32.9 %
ROE 24.6 % Face Value 1.00 ₹ DMA 50 1,355 ₹ DMA 200 1,478 ₹
Chg in FII Hold -0.40 % Chg in DII Hold -0.07 % PAT Qtr 47.8 Cr. PAT Prev Qtr 46.2 Cr.
RSI 49.9 MACD 0.00 Volume 16,28,967 Avg Vol 1Wk 7,33,204
Low price 945 ₹ High price 2,268 ₹ PEG Ratio 0.14 Debt to equity 0.00
52w Index 29.6 % Qtr Profit Var 23.8 % EPS 23.9 ₹ Industry PE 56.2

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT improved from 46.2 Cr. to 47.8 Cr. (+23.8% YoY), showing consistent growth momentum.
  • Margins & Returns: ROCE at 32.9% and ROE at 24.6% highlight excellent efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.00 reflects zero leverage, ensuring strong financial stability.
  • Cash Flows: Dividend yield of 0.15% is modest, suggesting reinvestment focus for growth rather than high shareholder payouts.

💹 Valuation Indicators

  • P/E Ratio: 55.9 vs industry average of 56.2 → trades in line with peers.
  • P/B Ratio: Current Price / Book Value ≈ 6.85 → above intrinsic value.
  • PEG Ratio: 0.14 → indicates undervaluation relative to growth.
  • Intrinsic Value: Current price (1,336 ₹) appears attractive given strong earnings and growth potential.

🏢 Business Model & Competitive Advantage

  • Operates in technology and engineering solutions with strong innovation-driven growth.
  • High efficiency ratios (ROCE, ROE) provide competitive edge.
  • Debt-free balance sheet enhances resilience and supports expansion.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,300 ₹ – 1,340 ₹, near DMA support levels.
  • Long-Term Holding: Strong candidate for long-term portfolios focused on technology growth; staggered accumulation recommended.

✅ Positive

  • Strong ROCE (32.9%) and ROE (24.6%) highlight efficiency.
  • Debt-free balance sheet ensures financial safety.
  • Quarterly PAT growth (+23.8% YoY) shows robust momentum.

⚠️ Limitation

  • High P/B ratio (6.85) signals overvaluation relative to book value.
  • Dividend yield of 0.15% provides limited shareholder returns.
  • Stock trading slightly below DMA 50 (1,355 ₹) and DMA 200 (1,478 ₹), indicating weak near-term momentum.

📉 Company Negative News

  • FII holdings decreased (-0.40%) and DII holdings decreased (-0.07%), showing reduced institutional confidence.
  • RSI at 49.9 and flat MACD (0.00) suggest neutral technical outlook.

📈 Company Positive News

  • Quarterly PAT improved sequentially from 46.2 Cr. to 47.8 Cr.
  • Strong EPS of 23.9 ₹ supports valuation strength.
  • High trading volumes reflect strong investor interest.

🏭 Industry

  • Industry P/E at 56.2 indicates sector trades at similar multiples.
  • Technology and engineering sector benefits from innovation and digital adoption.
  • ZENTEC trades in line with industry, but PEG ratio suggests undervaluation relative to growth.

🔎 Conclusion

ZENTEC demonstrates strong fundamentals with excellent efficiency, debt-free balance sheet, and consistent profit growth. Despite modest dividend yield and premium valuation relative to book value, the company remains strategically positioned in technology-driven growth. Entry is advisable near 1,300 ₹ – 1,340 ₹ for long-term investors, with staggered accumulation to mitigate risks. Overall, ZENTEC offers a compelling long-term opportunity in the technology and engineering sector.

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