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Zim Laboratories Ltd (ZIMLAB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541400 NSE: ZIMLAB Pharmaceuticals & Drugs | Small Cap | Zim Laboratories Share Price

₹112.95 -0.65 (-0.57%)

As on 12-Jun'26 16:59

Zim Laboratories Ltd (ZIMLAB)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541400 NSE: ZIMLAB Pharmaceuticals & Drugs | Small Cap | Zim Laboratories Share Price

₹112.95 -0.65 (-0.57%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹605 Cr.
Current Price
₹113
52-Week Low / High
₹60 / 127
TTM EPS
₹1.1
TTM Sales
₹370 Cr.
Book Value per Share
₹53
P/E Ratio
101.39
Higher than its 5-year historical median
Industry PE
47.2
Price to Book (P/B)
2.13
In line with its 5-year historical median
Price to Sales (P/S)
1.63
Higher than its 5-year historical median
EV/EBITDA
16.86
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.26%
Underperforms industry median
Return on Capital Employed (ROCE)
5.64%
Underperforms industry median
Return on Assets (ROA)
1.20%
Operating Profit Margin
8%
Net Profit Margin
1.61%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-1.37%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-49.15%
Asset Quality
Promoter Holding
30.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹230 Cr.
Equity
₹53.6 Cr.
Face Value
₹10
All Time Low / High
₹14.00 / 151.75

Zim Laboratories stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Zim Laboratories Ltd a good quality company?
Zim Laboratories Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Zim Laboratories Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zim Laboratories Ltd vs industry peers?
Zim Laboratories Ltd revenue CAGR is 6.49%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Zim Laboratories Ltd?
Promoters hold 30.35% of the Zim Laboratories Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zim Laboratories Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 26.97% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Zim Laboratories Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 14.2%16.1%15%4.8%8.1%12%17.5%10.1%8.4%5.6%-
Value Creation
Index
0.00.20.1-0.7-0.4-0.10.3-0.3-0.4-0.6-

Growth Parameters

Sales 235272332274304329397365376370370
Sales YoY Gr.-15.7%22%-17.3%10.7%8.5%20.4%-7.8%2.8%-1.4%-
Adj EPS 3.72.73.20.11.72.14.32.91.8-0.21.1
YoY Gr.--27.5%19.2%-98.1%2700%25%106.2%-33%-38.3%-112.9%-
BVPS (₹) 24.5283131.232.234.939.947.649.953.153
Adj Net
Profit
17.712.915.30.38.210.221.114.18.7-1.26
Cash Flow from Ops. 32.136.737.121.331.94735.211.550.647.7-
Debt/CF from Ops. 2.52.22.14.22.51.11.79.32.22.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.2%4.1%-2.2%-1.4%
Adj EPS -173.5%-167.2%-137.6%-112.9%
BVPS9%10.5%10%6.4%
Share Price - 29.3% -0.7% 8.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
16.310.110.70.25.36.311.66.63.7-0.52.1
Op. Profit
Mgn %
13.512.512.97.212.111.512.91111.588
Net Profit
Mgn %
7.54.74.60.12.73.15.33.92.3-0.31.6
Debt to
Equity
0.70.60.50.60.50.30.30.50.50.40.1
Working Cap
Days
233226215258225222188215221219108
Cash Conv.
Cycle
104896879526058959810126

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales235272332274304329397365376370
Operating Expenses + 203238289255267292345325332341
Manufacturing Costs13142134303845535663
Material Costs120141160143159160199171168165
Employee Cost 33414835343946515660
Other Costs 37436142435455505254
Operating Profit 32344220373851404330
Operating Profit Margin (%) 13.4%12.5%12.8%7.2%12.1%11.5%12.9%11.0%11.5%8.0%
Other Income + 63252565611
Exceptional Items 0600-500000
Interest 1091113118671113
Depreciation 9101113151516152019
Profit Before Tax 182423-19193623188
Tax -167-33611662
Profit After Tax 19181626132517126
PAT Margin (%) 7.9%6.7%4.8%0.6%1.9%4.0%6.3%4.6%3.1%1.6%
Adjusted EPS (₹)3.93.83.30.41.22.75.13.42.41.1
Dividend Payout Ratio (%)2.20%2.20%5%0%0%0%0%0%0%0%

Valuation of Zim Laboratories - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 118135150151157170194232243284
Share Capital 881616161649494954
Reserves 110127134135141154145183194230
Debt +747062776636489193104
Long Term Debt28202227221925364042
Short Term Debt47504050451723555262
Minority Interest0000000000
Trade Payables45667266658259637277
Others Liabilities 13224023294940575862
Total Liabilities 250294324318318337341443466526

Fixed Assets

Net Fixed Assets +8994101111103103107160164160
Gross Block98113130153160174192260268281
Accumulated Depreciation9192942567185100104121
CWIP 481310101126406689
Investments 005888881318
Inventories35525556547554818694
Trade Receivables888890636481881009492
Cash Equivalents 64338221137
Others Assets 28485766705655514236
Total Assets 250294324318318337341443466526

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 32373721324735115148
PBT 182423-114193623188
Adjustment 21132425252121213328
Changes in Working Capital -44-83-57-15-30-115
Tax Paid -2-4-1-5-1-0-7-31-4
Cash Flow From Investing Activity + -7-26-23-19-6-14-35-72-41-57
Capex -9-28-18-15-6-15-36-73-37-36
Net Investments 12-1-10001-0-18
Others 00-4-3000-0-4-4
Cash Flow From Financing Activity + -25-10-15-2-26-33160-928
Net Proceeds from Shares 00000000035
Net Proceeds from Borrowing -5-354-4-331591
Interest Paid -10-9-10-14-10-8-6-8-12-13
Dividend Paid -1-1-1-1-0-0-0-0-0-0
Others -103-99-11-22352-65
Net Cash Flow -01-100-01-1018

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.2714.4511.221.163.647.9613.737.864.942.26
ROCE (%)14.2416.0814.964.758.1212.0217.4810.138.355.64
Asset Turnover Ratio0.951.011.070.860.961.011.170.930.830.75
PAT to CFO Conversion(x)1.682.062.3110.55.333.621.40.654.258
Working Capital Days
Receivable Days133.80117.9098.30102.3076.5080.2077.9094.1094.1091.60
Inventory Days55.4058.1058.7074.1066.6071.8059.4067.4081.5088.80
Payable Days140144.20158.10175.80150.70167.30129.60129.80146.30164.70

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Zim Laboratories Ltd FAQs

The current trading price of Zim Laboratories on 12-Jun-2026 16:59 is ₹113.0.

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 11-Jun-2026 the market cap of Zim Laboratories stood at ₹604.8 Cr

The latest P/E ratio of Zim Laboratories as of 11-Jun-2026 is 101.4.

The latest P/B ratio of Zim Laboratories as of 11-Jun-2026 is 2.13.

The 52-week high of Zim Laboratories is ₹127.0 and the 52-week low is ₹59.72.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zim Laboratories is ₹370 ( Cr.) .

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

The key valuation ratios of Zim Laboratories Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About Zim Laboratories Ltd

ZIM Laboratories, established in 1989, is a globally recognised provider of innovative Drug Delivery Solutions based in India. The company is engaged in the manufacturing of formulation drugs and pre formulation ingredients in India and marketing and selling these within and outside India. The company has wholly owned subsidiaries (ZIM Laboratories FZE, UAE, SIA ZIM Laboratories Limited, Latvia, ZIM Health Technologies Limited, India and ZIM Thinorals Private Limited, India), subsidiary (ZIMTAS PTY Limited, Australia) and stepdown subsidiary (ZIM Scientific Office L.L.C, UAE), which are engaged in manufacturing & wholesale of pharmaceutical products, market research and research & development activities.

The company has a comprehensive portfolio across Pharmaceuticals and Nutraceuticals, offering Pre-Formulation Intermediates (PFI) and Finished Formulations (FF) across key therapeutic segments in Regulated, Pharmerging, and RoW markets.

Business area of the company 

The company is engaged in the manufacturing of formulation drugs and pre formulation ingredients in India and marketing and selling these within and outside India.

Products of the company

  • Pre-Formulation Intermediates (PFI): The company’s Pre-Formulation Intermediates (PFI) portfolio comprises a diverse range of differentiated generic PFI, including pellets with varied release profiles, Directly Compressible (DC) granules and taste-masked powders customised for varied therapeutic applications. PFI strategy targets markets where laws/regulations restrict the direct import of Finished Formulations.
  • Finished Formulations (FF): The company’s Finished Formulations portfolio includes assorted range of dosage forms, including tablets, capsules (with pellets offering varied release profiles), dry syrups, and Oral Thin Films - both Oro-dispersible and Oro-mucosal. FF segment partners with local distributors to market ZIM branded products while collaborating with regional companies to commercialise its offerings under their own Marketing Authorisations (MA), supported by ZIM’s dynamic dossiers.
  • New Innovative Products (NIP): These next-generation complex molecules are designed to become First or Second Generics across diverse global markets, offering early market entry and a sustainable competitive edge in a highly dynamic pharmaceutical environment.
  • Oral Thin Films: The company offers a diverse portfolio of Oral Thin Film Products designed for patient convenience, rapid absorption, and enhanced compliance.  Its innovative dosage forms include oral disintegrating strips that provide seamless drug delivery solutions for both pharmaceutical and nutraceutical applications.

Awards, accreditations and recognition 

  • 2019 - Maharastra Best Employer Award.
  • 2021 - Strategy Execution Award.
  • 2022 - Confederation of Indian Industries (CII) Award.
  • 2022 - Global Nagpur Awards.
  • 2023 - Excellence In Pharma Global Business.

History and milestones

1989-2000: 

  • Reinforced market position as a preferred supplier of Pharmaceutical products to government entities through tenders, supported by its WHO-GMP certified manufacturing plants.

2001-2012: 

  • Established Pellets, Granules and Taste Masking Technology Platforms to expand portfolio and develop differentiated generic and higher-margin products.
  • Extended international presence across Middle East and North Africa (MENA) regions.
  • Developed ‘Proof-of-Concept’ for Oral Thin Films and Nanotechnology to drive next-generation innovation.

2013-2017:

  • Raised funding through private equity to fuel business growth.
  • Prioritised focus on high-margin businesses by reducing exposure to deemed exports and low-margin government contracts.
  • Upgraded manufacturing facilities to align with EU-GMP standards, strengthened team strength and improved processes.
  • Set up a new WHO-GMP approved Oral Thin Films (OTF) facility, successfully commercialised OTF products.
  • Entered new markets, including Southeast Asia, Latin America (LatAm), CIS, and Africa, while consolidating market positions in Sri Lanka, South Asia and MENA.
  • Developed a robust pipeline of new products, enhanced dossier filings and secured product registrations under the ZIM brand.
  • Launched Thinoral (Patented Oral Thin Film technology) as an alternate drug delivery platform for prescription and OTC products across RoW/Pharmerging Markets and EU markets.

2018-2025:

  • Expanded the generic finished formulations business through product registrations, marketing partnerships and regular product launches across MENA, SE Asia, LatAm and CIS regions.
  • Strengthened R&D team competencies to build new combination generic Pharmaceuticals for Pharmerging and select Developed Markets.
  • Listed on BSE and NSE.
  • Introduced 10 New Innovative Products (NIPs) for Key Developed and Pharmerging Markets.
  • Enhanced manufacturing capacity, including a dedicated NIP warehouse and a potential dedicated Greenfield Nutraceuticals plant.
  • Set up ZIMTAS PTY LTD - ZIM’s subsidiary in Australia (2022) for product registration, marketing and distribution in Australia and New Zealand.
  • Secured EU re-accreditation (Portugal) and NSF re-accreditation for ODS Dietary Supplements.
  • Started a scientific office in the UAE (Nov 2024) to support registration and marketing of Pharmaceutical and Nutraceutical products and drive expansion across the MENA region.
  • Completion of two major CapEx projects - a Nutraceutical Suite in FY25 to support future growth initiatives.
  • Secured EU Marketing Authorisations for Azithromycin Oral Suspension and Dimethyl Fumarate (under the New Innovative Products (NIP) category).
  • ZIM’s co-development partner, Neuraxpharm, obtained an EU-wide Marketing Authorisation for Buprenorphine Sublingual Films.
  • The company received approval from the Central Drugs Standard Control Organisation (CDSCO) to manufacture and market a Fixed Dose Combination (FDC) of Naproxen Delayed Release and Esomeprazole Capsules.
  • The company completed a preferential allotment facilitating strategic capital infusion to support its growth and expansion objectives.

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