🟢 At a Glance:
ZTech India is no longer just digging dirt — it’s building experiences. With FY26 revenue growth guidance of 60–80%, theme parks becoming a core revenue engine (66%), a 570-million-gallon wastewater revival story, and even a Dubai expansion dream, this isn’t your average EPC firm. And with a potential spin-off plan and 24 parks targeted by FY26, ZTech wants to be India’s infra Disney. Minus the mouse, plus the manure.
🧱 1. What the Hell Is ZTech India?
Let’s simplify it for the uninitiated:
- Old identity: Government EPC contractor types doing boring soil & sludge stuff.
- New identity: Theme park moguls with wastewater tech on the side.
Revenue split:
| Segment | FY25 Contribution |
|---|---|
| Creative Parks (4+ running) | ~66% |
| Geotech + Wastewater Infra | ~34% |
But within that 66%:
- ~66% of park revenue = EPC/construction
- ~33% = ticketing, food & events — i.e. recurring revenue
Basically, ZTech has turned into a parks-first infra giant, with EPC as the entry ticket.
💰 2. FY25 Financial Flashpoints (With a Bit of Drama)
- 🧾 FY25 PAT: ₹21.3 crore
- 🔮 FY26 PAT Guidance: ₹35–40 crore (up to 87% YoY growth)
- 📈 PAT Margin Expected: 23–27%
- 🧱 Current Order Book: ₹164 crore
- Creative Parks: ₹89 crore
- Geotechnical: ₹70 crore
- Wastewater: ₹4.63 crore
(Why so little? Because they cleaned
- 570 million gallons already 🫡)
💡 Bonus: Noida Jungle Trail Park (₹20 crore) is NOT counted in the order book because it’s BOT (Build-Operate-Transfer) — a model with long-term recurring revenue.
🎠 3. Creative Parks: Where Infra Meets Instagram
ZTech is building “themed experiences” for city dwellers, not just boring concrete blocks.
🌳 Top Projects So Far:
- UP Darshan Park: 4–5 lakh visitors in Year 1
- Shivalaya Park: Opened by the Prime Minister himself — because parks are now political assets
- Harmony Park: Combo of music, sports, and what they call “short, energizing activities” (Zumba with soil vibes?)
🐾 Coming Attractions:
- Noida Jungle Trail Park (₹20 crore): 25 acres, ticketed zones, pet park, safari ride
- 14 new parks being targeted for FY26 — 50 cities currently in convo
- New themes: Urban forests, health parks, pet parks, sports arenas, luxury camping
🎯 Goal: 24 operational parks by March 2026
Long-Term: 100 outdoor locations across India
This ain’t infra. This is theme park nationalism.
🏗️ 4. The Rest of the Business: Geotech &
1 thought on “🏗️ ZTech India Pre-IPO Share Lock-in Ends June 11: Should You Worry?”
In 2024, wasn’t the locking period 1 year from Date of allotment. If allotment in Z Tech was done on 03-06-2024. And the Listing happened on 05-06-2024. The lock in should have ideally opened on 03-06-2025.
Then why is lock in Ending on 11-June-2025?
Please explain.