Thursday, July 7, 2016

ZEAL AQUA LTD (539963 ) :- WORTH LOOKING ?

Dear friends,


  Today we are discussing  newly listed in aquaculture segment stock for medium term investments,


            

                      ZEAL AQUA LTD

 


                                 devi seafood shrimp





The company was inc

   Zeal Aqua Ltd (ZAL) is engaged in shrimp farming and also engaged in satellite farming whereby it supplies inputs i.e shrimp feeds, shrimp seeds, probiotics and other aquaculture related products etc on credit to small farmers and buys shrimps from these farmers. The Company has approx 1050 satellite farms. The satellite farming enables companies to scale up and multiply its production without putting up physical infrastructure on its own. This flexible model of shrimp production helps it to efficiently manage growing demand of shrimps. After establishing the strong foothold in the shrimp farming and satellite farming activities, as a part of forward integration ZAL is in process of setting up shrimp processing unit for their shrimp including cold storage and primarily to manufacture Individually quick frozen (IQF) shrimp products With the help of this proposed processing unit, ZAL will be in a position to directly sell the finished product (consumable shrimp) to the export market.

 

 At present, it has approx 160 ponds spread over village Mor, Delasa, Mandorai, Cutpore, Nesh, Dandi, Olpad, Orna, Bhagwa, Udhana, etc admeasuring area of approx 200 hectares of land wherein the land on which ponds are constructed for cultivation of shrimp by the Company is in accordance with collaboration agreements with various parities.

 

      PROMOTERS VAST EXPERIENCE WITH SOUND MARKET KNOWLEDGE  :- The company's promoter have been involved in aquaculture -shrimp farming since last 20 years.The company aims to develop an advanced ,sustainable and fully integrated Aquaculture system.

 

 


 FINANCIALS :- (IN CR )



                      MARCH15               

 

       SALES           171                                


       PAT                  3.05                          




   To part finance setting up of shrimp processing unit and raise corporate general corpus, the company is recently come out with IPO of 1135000 equity share of Rs. 10 each at a fixed price of Rs. 130 per share.Stock is listed on BSE SME  @ 133 level (1000 share lot ), I strongly believe high experience promoter and good business model this company's growth even more in coming years, investor with ability to hold can buy this stock @ current price ( low volume traded stock ) and hold short to medium term this stock may give decent return in portfolio.


  Before buying any stock take advice from certified person


Disclosure :- I am holding this stock in my portfolio.



 NOTE :- The above is not a research report but information as available on public domain and it should not be treated as a research report.


Company website HERE









ParticularsMar 2015Mar 2014Mar 2013Mar 2012Mar 2011Net Sales1713.42 1359.94 722.29 648.63 570.90 Total Income1716.53 1361.66 722.56 648.63 571.53 PBIDT104.14 95.45 65.27 53.71 28.06 PBT40.72 52.03 21.90 18.28 13.11 PAT30.74 35.00 14.10 12.26 8.74 Reserves and Surplus163.39 143.32 86.78 72.77 22.66 Net Worth194.06 162.49 101.78 87.76 35.65 Total Debt388.20 132.44 221.38 123.66 108.31 ROCE18.26 28.10 21.75 26.02 18.65 RONW17.24 26.49 14.88 19.87 24.51 PATM(%)1.79 2.57 1.95 1.89 1.53 CPM(%)3.20 3.21 2.94 3.02 1.70 CEPS17.86 22.75 14.15 13.04 7.47 Enterprise Value276.12 139.85 228.35 135.49 119.13  - See more at: http://money.livemint.com/news/ipo/analysis/zeal-aqua-coming-with-an-ipo-to-raise-upto-rs-14-76-crore-464414.aspx#sthash.G9X9TmRS.dpuf
ParticularsMar 2015Mar 2014Mar 2013Mar 2012Mar 2011Net Sales1713.42 1359.94 722.29 648.63 570.90 Total Income1716.53 1361.66 722.56 648.63 571.53 PBIDT104.14 95.45 65.27 53.71 28.06 PBT40.72 52.03 21.90 18.28 13.11 PAT30.74 35.00 14.10 12.26 8.74 Reserves and Surplus163.39 143.32 86.78 72.77 22.66 Net Worth194.06 162.49 101.78 87.76 35.65 Total Debt388.20 132.44 221.38 123.66 108.31 ROCE18.26 28.10 21.75 26.02 18.65 RONW17.24 26.49 14.88 19.87 24.51 PATM(%)1.79 2.57 1.95 1.89 1.53 CPM(%)3.20 3.21 2.94 3.02 1.70 CEPS17.86 22.75 14.15 13.04 7.47 Enterprise Value276.12 139.85 228.35 135.49 119.13 - See more at: http://money.livemint.com/news/ipo/analysis/zeal-aqua-coming-with-an-ipo-to-raise-upto-rs-14-76-crore-464414.aspx#sthash.G9X9TmRS.dpuf
The company was incorporated as ‘Zeal Aqua Private Limited’ at Surat under the provision of the Companies Act, 1956 vide certificate of incorporation dated March 6, 2009 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of the company to public limited company, the name of the company was changed to ‘Zeal Aqua Limited’ and fresh certificate of incorporation dated March 31, 2015 was issued by the Assistant Registrar of Companies, Ahmedabad. The company’s promoters who were individually engaged in culturing shrimps joined hands in 2009 and incorporated the company ‘Zeal Aqua Private Limited’ to make the business scalable and reap the benefits of synergy. In addition, the introduction of schemes of Government to allot coastal lands for aquaculture purposes to promote this industry and generate a source of revenue for farmers motivated its promoters to have a vision to develop an advanced, sustained and fully integrated aquaculture system in Surat and also across India.
The company has around 160 ponds spread over village Mor, Delasa, Mandorai, Katpore, Nesh, Dandi, Olpad, Orma, Bhagwa, Kantyajal, etc admeasuring area of around 200 hectares of land wherein the land on which ponds are constructed for cultivation of shrimp by the company is in accordance with collaboration agreements with various parities. The company is also engaged in satellite farming whereby it supplies inputs i.e shrimp feeds, shrimp seeds, probiotics and other aquaculture related products etc on credit to small farmers and buys shrimps from these farmers. The company has approx 1050 satellite farms. It deploys its specific quality control measures and the farmers under satellite farming are required to adhere to its farming standards. The satellite farming enables companies to scale up and multiply its production without putting up physical infrastructure on its own. This flexible model of shrimp production helps the company to efficiently manage growing demand of shrimps.
After establishing the strong foothold in the shrimp farming and satellite farming activities, as a part of forward integration the company is in process of setting up shrimp processing unit for their shrimp including cold storage and primarily to manufacture Individually quick frozen (IQF) shrimp products for which the company had already purchased land admeasuring area of 35076 sq meters and 14569 sq meter land on lease basis at Village Orma, Olpad, Surat. In order to achieve its object of enhancing productivity, quality and minimize environmental degradation the company has taken various measures such as introduction of PE Line Ponds, use of qualitative feeds, bio-security measures such as fencing and water management among others.
- See more at: http://money.livemint.com/news/ipo/analysis/zeal-aqua-coming-with-an-ipo-to-raise-upto-rs-14-76-crore-464414.aspx#sthash.G9X9TmRS.dpuf
The company was incorporated as ‘Zeal Aqua Private Limited’ at Surat under the provision of the Companies Act, 1956 vide certificate of incorporation dated March 6, 2009 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of the company to public limited company, the name of the company was changed to ‘Zeal Aqua Limited’ and fresh certificate of incorporation dated March 31, 2015 was issued by the Assistant Registrar of Companies, Ahmedabad. The company’s promoters who were individually engaged in culturing shrimps joined hands in 2009 and incorporated the company ‘Zeal Aqua Private Limited’ to make the business scalable and reap the benefits of synergy. In addition, the introduction of schemes of Government to allot coastal lands for aquaculture purposes to promote this industry and generate a source of revenue for farmers motivated its promoters to have a vision to develop an advanced, sustained and fully integrated aquaculture system in Surat and also across India.
The company has around 160 ponds spread over village Mor, Delasa, Mandorai, Katpore, Nesh, Dandi, Olpad, Orma, Bhagwa, Kantyajal, etc admeasuring area of around 200 hectares of land wherein the land on which ponds are constructed for cultivation of shrimp by the company is in accordance with collaboration agreements with various parities. The company is also engaged in satellite farming whereby it supplies inputs i.e shrimp feeds, shrimp seeds, probiotics and other aquaculture related products etc on credit to small farmers and buys shrimps from these farmers. The company has approx 1050 satellite farms. It deploys its specific quality control measures and the farmers under satellite farming are required to adhere to its farming standards. The satellite farming enables companies to scale up and multiply its production without putting up physical infrastructure on its own. This flexible model of shrimp production helps the company to efficiently manage growing demand of shrimps.
After establishing the strong foothold in the shrimp farming and satellite farming activities, as a part of forward integration the company is in process of setting up shrimp processing unit for their shrimp including cold storage and primarily to manufacture Individually quick frozen (IQF) shrimp products for which the company had already purchased land admeasuring area of 35076 sq meters and 14569 sq meter land on lease basis at Village Orma, Olpad, Surat. In order to achieve its object of enhancing productivity, quality and minimize environmental degradation the company has taken various measures such as introduction of PE Line Ponds, use of qualitative feeds, bio-security measures such as fencing and water management among others.
- See more at: http://money.livemint.com/news/ipo/analysis/zeal-aqua-coming-with-an-ipo-to-raise-upto-rs-14-76-crore-464414.aspx#sthash.G9X9TmRS.dpuf
Aquaculture
Aquaculture
Aquaculture

5 comments:

  1. Couldn't find this company on screener.in tryimg to find in moneycontrol

    ReplyDelete
  2. Today listed , search in BSE , company website updated in blogs

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. how to buy? i cannot buy this stock in BSE delivery based

    ReplyDelete
  5. Is this company competition to waterbase also?

    ReplyDelete