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Z-Tech (India) (ZTECH)₹411.45+6.87%Waste Management
In the Mar 2026 quarter (standalone), Z-Tech (India) reported sales of ₹58.91 Cr, up 68.5% from Mar 2025, and net profit of ₹19.07 Cr, up 137.8% year on year. For the year to Mar 2026, sales were ₹156 Cr and net profit ₹36.13 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.98 | 18.98 | 15.97 | 21.96 | 15.96 | 18.98 | 23.96 | 34.97 | 19.95 | 33.97 | 41.90 | 58.91 |
| Expenses | 10.02 | 14.04 | 13.03 | 19.05 | 13.04 | 15.03 | 16.04 | 22.05 | 15.04 | 27.07 | 30.05 | 39.07 |
| Operating Profit | 1.01 | 5.02 | 2.01 | 3.01 | 3.01 | 4.01 | 8.02 | 13.04 | 5.02 | 7.02 | 12.05 | 19.05 |
| OPM % | 11.1% | 26.1% | 15.1% | 15.0% | 21.1% | 20.1% | 32.0% | 37.1% | 24.1% | 20.1% | 28.1% | 33.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 3.99 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 |
| Profit before tax | 0.99 | 4.98 | 1.99 | 2.99 | 2.99 | 3.98 | 7.98 | 12.94 | 4.98 | 7.97 | 10.95 | 20.91 |
| Tax % | −3.0% | 26.0% | 41.0% | 17.0% | 26.0% | 23.0% | 25.0% | 33.0% | 36.0% | 23.0% | 33.1% | 7.0% |
| Net Profit | 1.01 | 4.02 | 1.01 | 3.01 | 2.01 | 3.01 | 6.02 | 8.02 | 3.01 | 6.02 | 8.02 | 19.07 |
| EPS (Rs) | — | — | 1.14 | 2.87 | 1.85 | 2.35 | 4.51 | 5.95 | 2.13 | 4.25 | 5.29 | 13.28 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 22.96 | 30.94 | 25.96 | 66.87 | 93.91 | 156 | 155 |
| Expenses | 22.04 | 30.06 | 23.05 | 56.14 | 66.15 | 113 | 111 |
| Operating Profit | 1.01 | 0.00 | 3.01 | 12.04 | 28.10 | 43.11 | 43.14 |
| OPM % | 3.5% | 1.1% | 12.1% | 17.0% | 30.1% | 28.0% | 27.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.99 | 4.98 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 1.99 | 0.99 |
| Profit before tax | 0.99 | 0.00 | 2.99 | 10.97 | 26.88 | 44.80 | 44.81 |
| Tax % | 27.1% | 50.0% | 27.0% | 24.0% | 29.0% | 20.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.01 | 0.00 | 2.01 | 8.02 | 20.06 | 36.13 | 36.12 |
| EPS (Rs) | — | — | — | 9.02 | 13.72 | 24.88 | 24.95 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.01 | 1.00 | 8.99 | 13.97 | 13.97 |
| Reserves | 7.98 | 8.00 | 9.98 | 12.99 | 157 | 209 |
| Borrowings | 1.00 | 1.01 | 1.00 | 1.00 | 2.00 | 74.96 |
| Other Liabilities | 8.96 | 8.95 | 10.95 | 18.91 | 33.84 | 38.81 |
| Total Liabilities | 19.94 | 19.97 | 23.93 | 42.89 | 207 | 337 |
| Fixed Assets | 1.01 | 1.01 | 1.01 | 4.01 | 10.03 | 59.19 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 29.12 | 24.10 |
| Investments | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 |
| Other Assets | 18.92 | 17.95 | 21.91 | 37.87 | 168 | 254 |
| Inventories | 1.01 | 0.00 | 1.01 | 1.01 | 2.01 | 3.01 |
| Trade receivables | 12.04 | 12.03 | 15.06 | 29.11 | 49.19 | 94.29 |
| Cash & equivalents | 0.00 | 0.99 | 0.00 | 0.99 | 3.99 | 12.97 |
| Total Assets | 19.94 | 19.97 | 23.93 | 42.89 | 207 | 337 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | −1.01 | 2.01 | 0.00 | 0.00 | −91.02 | −38.02 |
| Cash from investing activity | 0.00 | −0.99 | −0.99 | −2.99 | −34.87 | −40.84 |
| Cash from financing activity | 0.00 | 0.00 | 0.00 | 4.01 | 129 | 88.14 |
| Net cash flow | −1.01 | 1.01 | −1.01 | 1.01 | 3.01 | 9.03 |
| Capex | 0.00 | 0.99 | 0.99 | 3.99 | 5.99 | 50.91 |
| Free cash flow | −1.99 | 0.99 | −0.99 | −2.99 | −127 | −83.75 |
| CFO / OP % | −147.0% | 506.0% | 25.0% | 26.0% | −300.0% | −66.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 196 | 145 | 214 | 155 | 189 | 220 |
| Inventory days | 22 | 8 | 21 | 8 | 15 | 14 |
| Days payable | 151 | 123 | 187 | 111 | 168 | 119 |
| Cash conversion cycle | 69 | 32 | 49 | 54 | 38 | 118 |
| Working capital days | 130 | 80 | 126 | 83 | 471 | 310 |
| ROCE % | — | 2.0% | 25.0% | 61.0% | 28.0% | 20.0% |
For the Mar 2026 quarter, Z-Tech (India) reported sales of ₹58.91 Cr, up 68.5% year on year and net profit of ₹19.07 Cr, up 137.8% year on year. The operating margin was 33.0%.
Z-Tech (India)'s sales for the year to Mar 2026 were ₹156 Cr; over the last twelve months they were ₹155 Cr.
Net profit for the year to Mar 2026 was ₹36.13 Cr, and ₹36.12 Cr over the last twelve months. Earnings per share over the same trailing period were ₹24.95.
Z-Tech (India) reported borrowings of ₹74.96 Cr at Mar 2026, against cash and equivalents of ₹12.97 Cr.
Cash from operations was −₹38.02 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹83.75 Cr.