Z-Tech (India) Ltd (NSE:ZTECH)

Q4 2026 Z-Tech (India) Ltd Earnings Call Transcript

May 21, 2026 / 09:30 AM GMT

Release Date Price: ₹626.9 (+0.60%)

Transcript

Key Points

Positve

Z-Tech (India) Ltd (NSE:ZTECH) reported a strong growth in revenue and profitability, with a 68% increase in Q4 revenue year-over-year.
The company successfully transitioned from an EPC-led model to a hybrid model, increasing recurring and annuity-based revenues through the ZinkPark platform.
Z-Tech expanded its geographical footprint and strengthened execution capabilities across all business verticals.
The company achieved significant milestones in its park business, with multiple parks becoming operational and several projects nearing completion.
The ACWA and Terra verticals showed strong performance, expanding capabilities in sewage treatment, wastewater recycling, and geotechnical solutions.

Negative

The working capital cycle has increased, attributed to the timing of park revenue recognition and government payment delays.
Borrowings have increased due to investments in heavy machinery for the geotech business, raising concerns about debt levels.
The company faces challenges in aligning park openings with political schedules, causing delays in operational revenue streams.
There is a concern about the negative cash flow from operations, which the company aims to address by increasing recurring revenue.
The acquisition strategy faced setbacks, with a recent acquisition not proceeding due to technology limitations in water body rejuvenation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ZTEC.NS - Z-Tech (India) Ltd
Q4 2026 Z-Tech (India) Ltd Earnings Call
May 21, 2026 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and Gentlemen, Good day and welcome to the ZTech India Limited Q4 and FY26 Earnings Conference Call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touch tone phone.

From the management, we have Ms. Sangamitra Borgohain, Managing Director Mr. Sunil Gorawat, Chief Business Officer Mr. Vikas Jain, Chief Financial Officer Mr. Ashish Goel, Company Secretary and Compliance Officer.

I now hand the conference over to Ms. Sangamitra Borgohain, Managing Director.

Thank you,

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