Ztech India Limited IPO

Apply 0
Avoid 0

Z-Tech (India) Limited, originally incorporated as Z-Tech (India) Private Limited, has been a prominent player in the civil engineering sector since its inception on November 09, 1994. The company transitioned to a public limited company following a special resolution on November 20, 2023, officially changing its name on January 11, 2023. Our company, bearing CIN U74899DL1994PLC062582, continues to thrive under the jurisdiction of the Registrar of Companies, Delhi.

Core Areas of Expertise:

Z-Tech (India) Limited specializes in three main areas:
1. Sustainable Theme Park Development: Our sustainable theme park development initiatives go beyond traditional approaches by emphasizing ecological, social, and economic sustainability. This involves transforming waste materials into beautiful, functional artwork and infrastructure. We focus on landscape designing and executing projects that use recycled materials, creating aesthetically pleasing and environmentally friendly recreational spaces. This commitment to sustainability ensures that every phase of our projects, from planning to operation, prioritizes responsible resource management and environmental stewardship.

2. Industrial Waste Water Management: In the realm of industrial wastewater management, Z-Tech (India) Limited employs advanced techniques to treat and manage wastewater from industrial processes. Our goal is to minimize environmental impact, promote water conservation, and extract valuable resources from wastewater. Utilizing the cutting-edge GEIST technology, we develop solutions for chemical recovery and achieving zero liquid discharge (ZLD). This technology, also known as WOOW (Wealth out of Waste) Technologies, allows us to offer turnkey solutions that not only address wastewater issues but also turn waste into wealth, making our processes profitable and sustainable.

3. Geo-Technical Specialized Solutions: Our geo-technical specialized solutions encompass a wide range of services, including soil wall and slope reinforcement, slope stabilization, retaining structures, ground improvement, riverside erosion control, and coastal protection. These services are backed by our in-house team of chartered engineers and supervised by a dedicated indemnity supervision team. We are committed to providing innovative, safe, and eco-friendly engineering solutions, ensuring that our projects are completed to the highest standards of quality and safety.

Leadership and Team

Z-Tech (India) Limited boasts a highly competent team of engineers and trained technicians, led by a strong and diverse leadership team. Our team is dedicated to delivering timely solutions and positioning the firm for growth. We are committed to fostering the next generation of leaders, ensuring a seamless transition and continued success.

Conclusion

Z-Tech (India) Limited remains committed to providing innovative, eco-friendly engineering solutions across our three core areas of expertise. Our focus on sustainability, advanced wastewater management, and specialized geo-technical solutions, coupled with our strong leadership and dedicated team, positions us for continued growth and success in the infrastructure and civil construction sectors in India.

Objects of the Ztech India Limited IPO:

The objects of the Issue are:- i. To meet out the Working Capital requirements of the Company. ii. To meet out the General Corporate Purposes; and iii. To meet out the Issue Expenses.
DRHP of Ztech India Limited IPO
RHP of Ztech India Limited IPO

Ztech India Limited IPO Details:

Open Date: May 29 2024
Close Date: May 31 2024
Total Shares: 3,391,200
Face Value: ₹ 10 Per Equity Share
Issue Size: 37.30 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 104 - 110 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jun 05 2024

Promoters And Management:

Ms. Sanghamitra Borgohain is promoter and managing director of the company. She is a first-generation entrepreneur with a rich experience of more than 13 years in the civil construction industry. She has demonstrated exceptional leadership and strategic vision throughout her career. Ms. Borgohain's expertise lies in overseeing complex construction projects and ensuring their successful completion within budget and on schedule. She has been associated with the company since 2019. She holds a degree of Bachelor of Arts in Political Science. She has been one of the guiding forces behind the growth and business strategy of the Company. Her wealth of experience, combined with her leadership acumen along with her commitment to excellence and ability to navigate the complexities of large-scale projects make her a sought-after professional in the field. Mr. Pradeep Sangwan servers Non-Executive Non-Independent Director of the company. Mr. Sangwan has Post Graduation Diploma In Event Management. Mr. Sangwan has experience of 8 years in the field of ecosystem of waste management in Himalayas. He has conducted number of workshops for waste management including setting up of material recovery facilities training individuals/ Panchayats/Gov. employee. with a proven track record of successfully promoting various causes, products, and events. Mr. Anuj Kumar Poddar is Whole Time Director of the company. Mr. Poddar completed B.A. (FINE) Painting MS University Vadodara in year 1993. He has rich experience of more than 25 years in the Glass Industry. He started his initial career as glass designer at Glasstones Mehtaab Engineering Vadodara. Also, he has been part of various workshops, exhibitions and group shows with diverse national and international participants.

Financials of Ztech India Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
2024
Revenue from Operations 2,348 3,064 2,573 6,732
Other Income 48 20 16 5
Total Revenue 2,396 3,084 2,588 6,737
Cost of materials consumed 1,891 2,331 1,806 4,912
Employees Benefit Expenses 267 313 296 374
Other Expenses 120 388 169 328
EBITDA 118 51 318 1,124
OPM (%) 4.92% 1.67% 12.27% 16.68%
Depreciation & Amortisation 17 30 43 64
EBIT 101 22 274 1,060
Finance Cost 6 5 6 9
PBT 95 16 268 1050
Tax 26 9 72 271
PAT 70 7 196 779
NPM (%) 2.90% 0.24% 7.55% 11.57%
No.of Shares 127.97 127.97 127.97 127.97
EPS 0.54 0.05 1.52 6.08

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Z Tech India Limited 67 8 6.08 18.1 110 141
Ion Exchange (India) Limited 2,214 204 13.98 38.7 538 7,887
Felix Industries Limited 22 1 2.02 380.0 406 505
Wonderla Holidays Limited 483 158 27.92 30.7 855 4,837
H.G. Infra Engineering Limited 5,378 539 82.64 19.0 1,538 10,023
Nicco Parks & Resorts Limited 79 25 5.29 27.8 147 688
NCC Limited 20,845 740 11.32 24.4 285 17,900
* All the data is as per FY24.

Recommendation on Ztech India Limited IPO:

Review and Recommendation of Ztech India by team IZ is 5/10. 1. Z-Tech (India) Limited specializes in civil engineering products and services, with a particular focus on Geo-Technical Specialized Solutions. The company is also actively involved in the waste management sector, including sustainable theme park development and industrial wastewater management. 2. Geo-Technical Specialized Solutions: i. Services Offered: Soil wall reinforcement, slope stabilization, retaining structures, ground improvement, riverside erosion control, and coastal protection. ii. Capabilities: Designing, supplying, and constructing these solutions using in-house chartered engineers and a full indemnity supervision team. 3. Sustainable Theme Park Development: i. Focus: Creating beautification artwork and infrastructure, landscape designing, and transforming waste materials into meaningful and attractive showpieces. ii. Approach: Emphasizes environmentally friendly practices, responsible resource management, and ecological, social, and economic considerations. 4. Industrial Waste Water Management: i. Objective: Systematic treatment and handling of wastewater from industrial processes to reduce environmental impact, promote water conservation, and extract valuable resources. ii. Technology: Utilizes GEIST technology for chemical recovery and achieving zero liquid discharge (ZLD), also known as WOOW (Wealth out of Waste) Technologies. 5. Competition Z-Tech (India) Limited operates in a highly competitive market, facing competition from both international and local companies. Key factors influencing competition include service quality, technical ability, performance record, experience, health and safety records, availability of skilled personnel, and price. While the company has numerous competitors in different geographical regions, it strives to stand out through its commitment to quality and innovation. 6. The Revenue has Increased from Rs.23 Crores in FY21 to Rs.67 Crores in FY24. 7. The EBITDA has Increased from 1 Crore in FY21 to 11 Crores in FY24. 8. The PAT has Increased from 70 Lakhs in FY21 to 7 Crores in FY24. 9. As per FY24, CFO/EBITDA is 1.04, and EPS is 6.08, 10. Market Capitalization is 141 Crores and P/E is 18.1x based on FY24.

Lead Manager of Ztech India Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Ztech India Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

Ztech India Limited Plot 140, Khasra No. 249, Mangla Puri, Gadaipur South-West Delhi, New Delhi- 110030, Phone: + 011-35017243 Email: cs@ztech-india.com Website: https://www.z-techindia.com/

Discussion on Ztech India Limited IPO:

Leave a Reply