Zeal Aqua Limited

Zeal Aqua Limited – Company Report


1. Company Overview


Zeal Aqua Limited, established in 2009 and based in Surat, Gujarat, is a leading Indian aquaculture company renowned for its vertically integrated seafood supply chain. The company is a pioneer in large-scale shrimp and prawn farming, production, and export, utilizing advanced satellite farming networks and state-of-the-art processing facilities. Leveraging technology, sustainable practices, and a robust farmer partnership program, Zeal Aqua delivers premium quality shrimp to domestic and international markets. The company operates with a significant workforce and a wide farmer network, adhering to recognized quality, food safety, and traceability standards.

Key Highlights:

  • Incorporated: 2009
  • Headquarters: Surat, Gujarat, India
  • Employees: 1,200+
  • Farmer Network: 500+
  • Production Capacity: 3,000+ MT/year (processing), 1,500+ MT/year (own farms)
  • Export Reach: 20+ countries
  • Certifications: ISO certified, recognized by Government of India
  • Core Segments: Farmed shrimp, satellite farming, aquafeed, shrimp medicines, export

2. Products and Services


  • Farmed Shrimps: Black Tiger, Vannamei, and other premium shrimp varieties for export and domestic markets
  • Satellite Contract Farming: Input supply (seeds, feed, probiotics), technical support, and procurement from partner farms
  • Shrimp Processing & Export: Blast, plate, and IQF freezing; fully integrated processing and export operations
  • Shrimp Feed & Medicines: R&D-backed feed and disease management solutions for farmers
  • Seafood Trading: Supplying processed seafood to domestic and international buyers
  • Sustainable Practices: Antibiotic-free, biosecure farming, and water management; focus on food safety and traceability
  • Consulting: Technical support, regulatory compliance, and sustainable aquaculture solutions for farmers

3. Recent Business Developments


  • Strengthened its farmer partnership program and acquired new export certifications to enhance international market reach
  • Enhanced production and processing technology, with investments in biosecurity and automation
  • Expanded the distribution of proprietary feed and shrimp medicines, supporting satellite farming growth
  • Maintained a strong focus on food safety and environmental standards, receiving multiple awards for sustainable aquaculture
  • Robust order book for exports, with increased visibility in the EU and US markets
  • Ongoing expansion of processing unit capacity and diversification into new value-added seafood products

4. Financial Performance (FY2025)


Metric FY2025 Value
Total Revenue ₹521 crore
Net Profit ₹10.1 crore
Earnings Per Share (EPS) ₹0.8
Net Profit Margin 2%
Dividend Nil

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.291.21
EV / EBITDA7.4311.11
Debt / Equity1.930.7
ROE %12.0118.89
ROCE %15.1719.55
P / B1.642.7
Div Yld %00.51
P/E14.4417.09
OPM %6.5211.13
Qtr Sales Growth YOY %49.0535.12
Qtr Profit Growth YOY %12.9268.86
ROA LAST 12M %3.2211.1
Prom. Hold. %68.4266.03
Sales 3Yrs CAGR %13.9324.54
Sales 5Yrs CAGR %16.2227.53
Profit 3Yrs CAGR %20.6677.4
Profit 5Yrs CAGR %13.7749.94

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