Zak Venture Ltd Unlisted Shares

DRHP Status : Not Filed

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163

Fundamentals About Zak Venture Ltd

Current Price 163

Market Cap 73 Cr

ISIN INE15YC01013

Face Value 10

P/E Ratio 47.55

EPS .02

P/B Ratio 6.87

Book Value 24.30

Debt to Equity Ratio 2.08

Downloads & Investor Documents

All documents are provided for informational purposes and are subject to regulatory disclosures.

Key Financials of Zak Venture Ltd

P&L Statement	2022	2023	2024
Revenue	2132	3235	2472
Cost of Material Consumed	459	551	343
Change in Inventory	-1	-566	-785
Gross Margins	78.47	82.97	86.12
Employee Benefit Expenses	149	204	213
Other Expenses	1198	2564	2173
EBITDA	327	482	528
OPM	15.34	14.9	21.36
Other Income	8	15	8
Finance Cost	59	131	234
D&A	40	64	96
EBIT	287	418	432
EBIT Margins	13.46	12.92	17.48
PBT	236	302	206
PBT Margins	11.07	9.34	8.33
Tax	61	83	52
PAT	175	219	154
NPM	8.21	6.77	6.23
EPS	8.75	5.48	3.85

Financial Ratios	2022	2023	2024
Operating Profit Margin	15.34	14.9	21.36
Net Profit Margin	8.21	6.77	6.23
Earning Per Share (Diluted)	8.75	5.48	3.85

Assets	2022	2023	2024
Fixed Assets	339	803	714
CWIP	0	0	0
Investments	218	61	1
Trade Receivables	586	1454	1799
Inventory	29	594	1379
Other Assets	774	429	697
Total Assets	1946	3341	4590

Liabilities	2022	2023	2024
Share Capital	200	400	400
FV	10	10	10
Reserves	286	505	658
Borrowings	858	1544	2204
Trade Payables	433	626	978
Other Liabilities	169	266	350
Total Liabilities	1946	3341	4590

About Company

The following table shows a 10-point analysis of Zak Venture Limited. We will discuss each point in detail after this table.

Parameter	Key Numbers	Insights
Business Overview	FY25 Revenue ~₹24–25 Cr · PAT ~₹0.2–1.5 Cr · PAT margin ~1–6%	Infrastructure and energy solutions company focused on gas pipeline execution, biogas plants, Auto LPG stations, and related clean energy projects. Operates in natural gas and renewable infrastructure segments with project-based revenue visibility.
Industry & Market Position	Niche gas infra & biofuel player	Competitive in project execution for oil/gas infra; edge from execution track record & partnerships; resilient to energy transition tailwinds but faces competition from larger EPC players; vulnerable to project delays, raw material costs & policy changes
Revenue Growth Trend	Volatile FY23–FY25 (Peak ~₹32 Cr → ~₹24–25 Cr FY25)	Growth driven by project wins; FY25 moderation reflects execution timing and cyclicality. Order book (~₹115 Cr+) supports potential recovery and medium-term visibility.
Profitability & Margins	EBITDA positive · ROE low · PAT margin ~1–6%	Margins remain thin due to project execution costs and working capital intensity; profitability sensitive to revenue cycles and cost management.
Cash Flow Quality	OCF mixed · No regular dividends	Cash flows linked to milestone-based payments and advances; working capital intensive but supported by ongoing project inflows.
Balance Sheet Strength	Net worth ~₹48–50 Cr · Debt moderate	Controlled leverage with reasonable equity cushion; liquidity manageable; downside partly protected by order book visibility.
Valuation Comfort	Unlisted price ~₹73–80 (Feb 2026) · Market cap ~₹300–350 Cr · P/E ~15–30x	Valuation reasonable for small-cap energy infrastructure play; discount reflects cyclical dip but supported by sector tailwinds and execution pipeline.
Management & Governance	Promoter-led · Clean disclosures	Proven execution capability in gas infrastructure projects; transparent filings; no major governance red flags observed.
Growth Triggers & Catalysts	Order book (~₹115 Cr+) · Clean energy push · Policy support	Upside driven by execution of pending projects, expansion in gas/biofuel infrastructure, and government policy incentives; no confirmed IPO plans currently.
Liquidity & Exit Visibility	OTC trading only · No IPO confirmation	Moderate unlisted liquidity; exit mainly via OTC or strategic interest; liquidity risk remains present.

Zak Venture Limited (ZVL), incorporated on 14 March 2016 and headquartered in Noida, Uttar Pradesh, is a leading infrastructure solutions provider in the Indian energy sector.

Operates across Oil & Gas, Biogas, Gas Pipeline, and Auto LPG segments.
Over 8 years of operational experience with a board having a combined 40+ years in the Natural Gas value chain.
Extensive collaborations with Indian Oil & Gas PSUs and multinational corporations.
Recognised as a reliable partner for clean energy infrastructure projects in India.
Focused on providing integrated solutions, from project development to operations.

Business Model & Offerings

Zak Venture Limited operates as an integrated solution provider in the energy sector, focusing on infrastructure development, execution, and operations. The following are the major business verticals:

Biogas Plants (Bio-CNG / Power Plants)

Operates Biogas-based Power and Bio-CNG plants using industrial, animal, and agricultural waste.
Focuses on rural employment generation and waste management solutions.
Bio-CNG plant operational in Patiala, Punjab.
Agreements with IOCL for selling Bio-CNG and promoting organic fertilizer through rural retail networks.

Gas Pipeline Infrastructure

Executes MDPE pipeline projects including laying, testing, pre-commissioning, and commissioning.
Connected over 15,000 households in Delhi-NCR, 100 commercial consumers, and 25 industrial units.
Completed over 100 km of pipeline work.
Clientele includes DLF, MGF, McDonald’s, Vivanta by Taj, and Haryana City Gas Ltd.

Auto LPG Gas Stations

Provides Auto LPG solutions derived from natural gas and crude oil refining.
Supports India’s ~2.38 million Auto LPG vehicles, mainly three-wheelers.
Part of the network of ~1350 Auto LPG stations across 500 cities.
Integrated with OEM models and growing fuel demand.

Funding & Shares

In August 2024, ZVL issued 4,44,444 equity shares at ₹124 per share.
Post funding, the total outstanding shares stand at 44,44,444 shares.
Currently unlisted, the company may explore future growth funding or listing opportunities.

Quick Summary

Zak Venture Limited is a prominent Indian energy infrastructure company with expertise in Biogas, Gas Pipelines, and Auto LPG. With strong ties to IOCL and major commercial clients, experienced management, and proven project execution capabilities, ZVL is well-positioned for growth in India’s clean energy sector. Currently unlisted, the company has successfully raised funds privately and continues to expand its infrastructure footprint.

Click here to view the official website of Zak Ventures Ltd.