Zenith Exports Ltd - Stock Valuation and Financial Performance

BSE: 512553 | NSE: ZENITHEXPO | Textile | Small Cap

Zenith Exports Share Price

176.50 0.35 0.20%
as on 18-Mar'24 16:59

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Zenith Exports stock performance -

mw4me loader
P/E Ratio (SA):
46.92
Market Cap:
95.2 Cr.
52-wk low:
76.2
52-wk high:
202.5

Is Zenith Exports Ltd an attractive stock to invest in?

1. Is Zenith Exports Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zenith Exports Ltd is a average quality company.

2. Is Zenith Exports Ltd undervalued or overvalued?

The key valuation ratios of Zenith Exports Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Zenith Exports Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zenith Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Zenith Exports:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zenith Exports Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5%0.5%-0.1%-3.9%-4.6%-1.4%-3.4%0.2%0.8%0.9%-
Value Creation
Index
-0.6-1.0-1.0-1.3-1.3-1.1-1.2-1.0-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31626624312911098.682.950.790.562.376
Sales YoY Gr.--15.6%-9%-47%-14.8%-10%-16%-38.8%78.5%-31.3%-
Adj EPS 2.5-7.5-4.6-8.3-10.1-4.6-7.4-1.4-0.20.13.8
YoY Gr.--403.7%NANANANANANANANA-
BVPS (₹) 179.6170.1170.4166.6163.4148.7145.8143144.8147.8149.1
Adj Net
Profit
1.3-4-2.5-4.5-5.4-2.5-4-0.7-0.102
Cash Flow from Ops. 7.96.819.211.78-8.916.92.5-1519.2-
Debt/CF from Ops. 4.54.60.70.61.4-1.50.53.1-0.90.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16.5%-10.7%-9.1%-31.3%
Adj EPS -33.8%NANANA
BVPS-2.2%-2%0.4%2%
Share Price 15.3% 32.5% 38.7% 99.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.4-4.3-2.7-5-6.1-3-5-0.9-0.202.5
Op. Profit
Mgn %
4.91.70.9-4.1-4.5-0.2-5.2-3.60.4-0.21.5
Net Profit
Mgn %
0.4-1.5-1-3.5-5-2.5-4.8-1.4-0.10.12.7
Debt to
Equity
0.40.30.10.10.10.20.10.10.20.1-
Working Cap
Days
133149147238237254275369223344193
Cash Conv.
Cycle
82104113173163183185236159231150

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.50%

Sales growth is good in last 4 quarters at 10.68%

Sales growth has been subdued in last 3 years -9.10%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Zenith Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 3.8 -
TTM Sales (₹ Cr.) 76.5 -
BVPS (₹.) 149.1 -
Reserves (₹ Cr.) 75 -
P/BV 1.18 -
PE 46.92 -
From the Market
52 Week Low / High (₹) 76.20 / 202.50
All Time Low / High (₹) 17.00 / 204.55
Market Cap (₹ Cr.) 95.2
Equity (₹ Cr.) 5.4
Face Value (₹) 10
Industry PE 27.3

Management X-Ray of Zenith Exports:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Zenith Exports

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales315.53266.47242.52128.61109.5298.6082.8750.7190.5462.25
Operating Expenses 300.04261.88240.40133.84114.46101.1887.1852.9090.1762.39
Manufacturing Costs40.6339.1237.9923.0720.7720.5816.4713.2015.7813.74
Material Costs224.21194.35173.6389.9772.0759.6053.8728.4860.8734.86
Employee Cost 13.7913.9812.179.509.898.698.465.5377.51
Other Costs 21.4114.4316.6111.3011.7412.308.385.696.516.29
Operating Profit 15.504.592.12-5.23-4.94-2.58-4.32-2.200.38-0.14
Operating Profit Margin (%) 4.9%1.7%0.9%-4.1%-4.5%-2.6%-5.2%-4.3%0.4%-0.2%
Other Income 1.286.454.684.845.691.615.633.963.484.51
Interest 7.496.693.280.801.361.651.361.281.221.07
Depreciation 6.464.563.491.741.711.631.691.641.281.30
Exceptional Items 00000-5.510-0.4500
Profit Before Tax 2.83-0.200.03-2.93-2.32-9.77-1.73-1.601.352
Tax 1.16-0.28-0.13-0.890.02-1.90-0.30-0.310.350.42
Profit After Tax 1.670.080.16-2.04-2.34-7.87-1.43-1.301.011.58
PAT Margin (%) 0.5%0.0%0.1%-1.6%-2.1%-8.0%-1.7%-2.6%1.1%2.5%
Adjusted EPS (₹)3.10.20.3-3.8-4.3-14.6-2.7-2.41.92.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 96.9391.8191.9789.8888.1680.2578.6977.1878.1679.73
Share Capital 5.405.405.405.405.405.405.405.405.405.40
Reserves 91.5386.4186.5784.4882.7774.8673.2971.7872.7674.33
Minority Interest0000000000
Debt35.6231.6212.636.8011.3013.028.277.7913.639.47
Long Term Debt0.0100000000.050
Short Term Debt35.6131.6212.636.8011.3013.028.277.7913.589.47
Trade Payables12.163.226.686.113.576.166.106.685.195.96
Others Liabilities 16.398.868.014.965.533.371.14-1.12-0.460.28
Total Liabilities 161.09135.51119.29107.74108.57102.8094.2090.5396.5395.44

Fixed Assets

Gross Block147.97147.89131.36121.72100.5292.0291.7290.6990.9290.07
Accumulated Depreciation107.15118.73108.47101.0382.5676.1877.1178.0178.7979.84
Net Fixed Assets40.8229.1622.8920.6917.9615.8414.6112.6812.1210.24
CWIP 0000000000
Investments 0.210.010.014.0817.56200.170.540.85
Inventories68.5361.3243.3434.7033.6343.9627.3028.1139.7227.72
Trade Receivables16.7021.4834.4522.2216.8713.6813.089.4413.799.26
Cash Equivalents 5.653.254.627.076.6913.8325.9228.8122.1328.58
Others Assets29.1920.2713.9818.9915.8613.4913.2911.328.2318.79
Total Assets 161.09135.51119.29107.74108.57102.8094.2090.5396.5395.44

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7.936.8319.2111.678-8.8716.902.52-14.9819.23
PBT 2.83-0.200.03-2.96-1.86-9.77-1.73-1.601.352
Adjustment 12.959.664.890.951.653.550.810.280.72-1
Changes in Working Capital -6.2-1.4214.5813.858.38-2.5218.114.19-16.8818.4
Tax Paid -1.65-1.21-0.29-0.17-0.17-0.13-0.29-0.35-0.18-0.17
Cash Flow From Investing Activity -1.400.423.57-2.59-12.0315.61-10.301.1811.47-15.55
Capex -1.50-0.253.310.720.57-0.43-0.26-0.04-0.421.60
Net Investments -0.090.2100.044.6014.74-11.67-0.6810.15-18.94
Others 0.180.450.26-3.35-17.201.311.631.901.741.79
Cash Flow From Financing Activity -3.23-9.64-21.42-6.143.640.40-5.75-1.525.14-4.98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.02-0.010000000.05-0.05
Interest Paid -6.25-5.64-2.43-0.30-0.86-1.32-1-1.04-0.88-0.65
Dividend Paid 0000000000
Others 3.03-3.99-18.99-5.834.501.72-4.75-0.485.96-4.28
Net Cash Flow 3.29-2.391.372.94-0.397.150.852.181.63-1.31
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.730.090.17-2.25-2.63-9.35-1.8-1.661.32
ROCE (%)7.915.072.9-2.11-0.97-8.42-0.41-0.382.913.39
Asset Turnover Ratio1.941.81.91.131.010.930.840.550.970.65
PAT to CFO Conversion(x)4.7585.38120.06N/AN/AN/AN/AN/A-14.8312.17
Working Capital Days
Receivable Days19264280655759814768
Inventory Days838979111114144157199137198
Payable Days26141026253042823658

Zenith Exports Ltd Stock News

Zenith Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zenith Exports on 18-Mar-2024 16:59 is ₹176.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Mar-2024 16:59 the market cap of Zenith Exports stood at ₹95.24.
The latest P/E ratio of Zenith Exports as of 18-Mar-2024 16:59 is 46.92.
The latest P/B ratio of Zenith Exports as of 18-Mar-2024 16:59 is 1.18.
The 52-week high of Zenith Exports is ₹202.5 and the 52-week low is ₹76.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Exports is ₹76.45 ( Cr.) .

About Zenith Exports Ltd

Since incorporation in 1969, Zenith Exports Limited has been blending and updating traditional weaving techniques and designs with the modern & contemporary to achieve the quality and high end finish that it is known for.

Starting operations with silk scarves and bridal fabric for the fashion world, it now boast an expansive range of textile products for both the fashion and home furnishing industries. Having established manufacturing units in both the handcrafted and automated fabrication sectors, it creates a wide range of products that complement both classic and contemporary lifestyles.

Its talented and motivated team of designers and engineers are as passionate about textiles as its clients are, enabling it to deliver an exceptional level of quality and attention to detail. In addition, its team can undertake bespoke developments to create a tailored product for its clients.

The Company has a weaving unit namely ‘Zenith Textiles’ located at Nanjangud, Mysore. Another unit namely ‘Zenith Spinners’ located at village- Dholka, Ahmadabad.

Business area of the company

The company is engaged in the business of Leather Goods & Textile Fabrics.

The company has 3 divisions viz.

  • 100% EOU at Nanjangud, Karnataka - Manufacturing High Quality Silk and Velvet Fabrics.
  • Exports Division at Kolkata - Exporting Industrial Leather Hand Gloves, Silk & Cotton Fabrics and made- ups manufactured on Handloom etc.
  • A yarn division at Sarandi, Ahmedabad - The yarn unit which had suspended its operations since
    December, 2015, due to steep competition and unfavorable market situation has started business of trading of Cotton with effect from January, 2019.

Milestones

  • 1969: Late Sri. B.R.Loyalka and his sons start Zenith with textiles, leather & automobile hire-purchase in Kolkata.
  • 1975: Mr. S.K.Loyalka begins exports of silk fabrics for fashion & home, which eventually becomes the predecessor of the present day company.
  • 1978: The production facility for dyeing and weaving hand-loom silk fabrics is started.
  • 1984: The production facility for manufacturing silk fabrics is set up in Bengaluru.
  • 1994: Zenith Textiles, a state of the art vertically integrated weaving mill is set up with a capacity to manufacture 1 million meters per year in Mysuru.
  • 1995: Zenith Exports Ltd. goes public and is traded in the Bombay Stock Exchange.
  • 2003: The Embroidery unit is set up to add embroidered textiles to its range. The same year a finished products unit is established.
  • 2005: Jacquard Velvet Looms followed by Solid Velvet looms are set up at the Nanjangud weaving unit.
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