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Zenith Drugs Ltd (ZENITHDRUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ZENITHDRUG Pharmaceuticals & Drugs | Small Cap | Zenith Drugs Share Price

BSE Share Price
Not Listed

Zenith Drugs Ltd (ZENITHDRUG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ZENITHDRUG Pharmaceuticals & Drugs | Small Cap | Zenith Drugs Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹72 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.2
TTM Sales
₹133 Cr.
Book Value per Share
₹40.5
P/E Ratio
9.99
Lower than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
1.03
Lower than its 5-year historical median
Price to Sales (P/S)
0.54
Lower than its 5-year historical median
EV/EBITDA
7.29
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
10.88%
Outperforms industry median
Return on Capital Employed (ROCE)
12.96%
Outperforms industry median
Return on Assets (ROA)
4.85%
Operating Profit Margin
10.4%
Net Profit Margin
5.37%
Gross Profit Margin
8.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-16.69%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.95%
Asset Quality
Promoter Holding
69.98%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹52 Cr.
Equity
₹17.2 Cr.
Face Value
₹10
All Time Low / High
- / -

Zenith Drugs stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Zenith Drugs Ltd a good quality company?
Zenith Drugs Ltd is a quality company, based on a 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 Zenith Drugs Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zenith Drugs Ltd vs industry peers?
Zenith Drugs Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 5.35%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Zenith Drugs Ltd?
Promoters hold 69.98% of the Zenith Drugs Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zenith Drugs Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -46.8% 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.
Zenith Drugs Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.3%23.9%25.1%25.2%13%-
Value Creation
Index
0.70.70.80.8-0.1-

Growth Parameters

Sales 73.491.7115132133133
Sales YoY Gr.-24.9%24.9%14.9%1.3%-
Adj EPS 2.62.74.56.24.34.2
YoY Gr.-4.7%69%36.9%-31.3%-
BVPS (₹) 810.714.836.340.540.5
Adj Net
Profit
3.13.25.410.67.37
Cash Flow from Ops. -0.94.9-4.3-15.8-5.5-
Debt/CF from Ops. -17.53.4-6-1.5-8.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA13.3%1.3%
Adj EPS NANA16.7%-31.3%
BVPSNANA55.7%11.5%
Share Price - - - -38.7%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
31.828.635.526.611.110.3
Op. Profit
Mgn %
9.87.68.812.610.4NAN
Net Profit
Mgn %
4.23.54.88.15.55.4
Debt to
Equity
1.61.31.40.40.7-
Working Cap
Days
01591982392740
Cash Conv.
Cycle
01614371030

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales73.4091.66114.52131.62133.32
Operating Expenses + 66.2084.73105.31115.02119.49
Manufacturing Costs1.542.7329.3437.1334.55
Material Costs52.4172.5156.4256.7063.46
Employee Cost 2.412.984.095.346.76
Other Costs 9.846.5115.4615.8414.72
Operating Profit 7.206.929.2116.6013.83
Operating Profit Margin (%) 9.8%7.6%8.0%12.6%10.4%
Other Income + 0.110.951.242.552.61
Exceptional Items 000-1.56-0.25
Interest 1.492.142.4933.96
Depreciation 1.221.341.301.302.97
Profit Before Tax 4.604.406.6613.299.26
Tax 1.531.191.783.762.10
Profit After Tax 3.073.214.889.547.16
PAT Margin (%) 4.2%3.5%4.3%7.3%5.4%
Adjusted EPS (₹)2.62.74.15.64.2
Dividend Payout Ratio (%)0%0%0%9%0%

Valuation of Zenith Drugs - 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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9.6412.8517.7362.2269.38
Share Capital 0.400.400.4017.1517.15
Reserves 9.2412.4517.3345.0752.23
Debt +15.4816.7923.4621.8642.99
Long Term Debt7.287.587.677.8512.80
Short Term Debt8.219.2015.7914.0130.19
Minority Interest00000
Trade Payables20.2634.4050.8742.6340.18
Others Liabilities 1.162.155.167.408.92
Total Liabilities 46.5466.1897.22134.11161.47

Fixed Assets

Net Fixed Assets +9.2110.4510.8210.9440.26
Gross Block14.2316.8018.4819.9052.18
Accumulated Depreciation5.016.357.668.9611.92
CWIP 0003.913.10
Investments 00.030.030.030
Inventories6.8312.1323.6725.7639.61
Trade Receivables23.3932.0749.3167.3960.58
Cash Equivalents 1.852.890.208.740.26
Others Assets 5.268.6213.1917.3417.65
Total Assets 46.5466.1897.22134.11161.47

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.894.91-4.27-15.84-5.47
PBT 4.604.406.6613.299.51
Adjustment 2.533.473.634.306.38
Changes in Working Capital -6.67-1.72-12.73-26.44-15.6
Tax Paid -1.36-1.24-1.83-3.99-2.05
Cash Flow From Investing Activity + -1.43-2.61-2.05-5.33-31.41
Capex -1.43-2.61-1.67-1.42-32.28
Net Investments 00000.07
Others 00-0.38-3.910.81
Cash Flow From Financing Activity + 2.88-0.836.3029.7228.39
Net Proceeds from Shares 00034.950
Net Proceeds from Borrowing 000.090.184.94
Interest Paid -1.32-2.14-2.3300
Dividend Paid 00000
Others 4.201.308.54-5.4223.45
Net Cash Flow 0.571.47-0.018.55-8.48

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)31.8228.5731.9223.8610.88
ROCE (%)24.2523.8725.1225.212.96
Asset Turnover Ratio1.741.81.571.31.03
PAT to CFO Conversion(x)-0.291.53-0.88-1.66-0.76
Working Capital Days
Receivable Days105.2099.60115.90141.70153.70
Inventory Days30.7034.10516078.50
Payable Days141.10137.60275.80301238.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Zenith Drugs Ltd FAQs

The current trading price of Zenith Drugs on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Zenith Drugs stood at ₹71.51 Cr

The latest P/E ratio of Zenith Drugs as of 31-Dec-1969 is 9.99.

The latest P/B ratio of Zenith Drugs as of 31-Dec-1969 is 1.03.

The 52-week high of Zenith Drugs is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Drugs is ₹133 ( Cr.) .

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

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

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

About Zenith Drugs Ltd

Zenith Drugs Limited was originally incorporated on November 15, 2000 as a Private Limited Company in the name of ‘Zenith Drugs Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on September 05, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Zenith Drugs Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on September 13, 2023 by the Registrar of Companies, Gwalior.

The company is a pharmaceutical manufacturing and trading company based out from Indore. It has a manufacturing unit, dedicated to ensuring the highest quality standards when it comes to manufacturing of medicines. It is specialized in manufacturing high quality and affordable Medicines to support its patients in need. The company is also into Generic Medicines and Generic Medicines are cost effective. Since its inception, the company has focused on building a strong foundation and laying the groundwork for its future growth and success. With dedication and strategic planning, it managed to establish a reputable presence in the pharmaceutical industry. The company was incorporated with the objective of the better service deliverance in field of medicine and be better premium pharmaceutical companies in India and abroad for cost effective human medicine. The company always emphasis on core strength and policies that focus on technology and great deliverance. With a passion to set high standards of services, the company has always taken all measures to scale up as and when required only to deliver the better. The company works diligently and has a wide range of products to cater to every need and to reach the client sensitivity and centricity.

The company has Certificate of Good Manufacturing Practices issued by Office of the Controller, Food and Drugs Administration, Madhya Pradesh, Idgah Hills, Bhopal, Madhya Pradesh. The quality standards of the company are based on adherence to Good Manufacturing Practices (GMP) guidelines, regulatory requirements and internal quality control processes. The Company is constantly required to adhere to the same. These measures are implemented to ensure the highest level of quality in its manufacturing operations. Building upon its commitment to excellence, it has completed two expansions within the same facility to accommodate the growing demand for its products. These expansions have allowed the company to scale its operations, increase production capacity, and introduce new formulations. Through these strategic investments and expansions, the company strives to continuously improve its manufacturing infrastructure, enhance product quality, and meet the evolving needs of healthcare professionals and patients.

Business area of the company

The company is mainly engaged in the business of manufacturing and Trading of Medicines.

Products of the company

Liquid oral

  • Iron & Folic acid syrup IP
  • Hungrykop syrup
  • BIozen multivitamin syrup
  • Rexkop DX syrup
  • Zoomol plus syrup

Ointment / Cream

  • POVIZ ointment
  • Clobetol GM cream
  • Painfree gel
  • Poviz M ointment
  • Candizen cream

Liquid external section

  • Poviz solutin (Lotion)
  • Bioscaby lotion
  • Permethirn lotion
  • Gamma Benzene Hexachloride 1% lotion
  • Scabikop lotion

Capsule section

  • Pyvoxee spas plus capsule
  • BIO-Omi capsule
  • Lopagen capsule
  • Cold-time capsule
  • Rabijen DSR capsule

ORS section

  • Zenith ORS
  • Koplyte ORS
  • Oral rehydration salts IP 20.50 gm
  • Oral rehydration salts BP 27.90 gm

History and milestones

  • 2000: Incorporation of the Company.
  • 2001: Started as a manufacturing house for oral and external formulations.
  • 2004: Shifted to a Schedule M GMP compliant unit.
  • 2004: Started the production of two lines which are liquid orals and ointments.
  • 2007: Started manufacturing ORS Powder.
  • 2016: Received WHO GMP certification.
  • 2019: Turnover crossed Rs 50 crore.
  • 2020: Turnover crossed Rs 75 crore.
  • 2021: Certificate of Quality Management System ISO 9001:2015 issued by Global Grading Certification.
  • 2021: Certificate of compliance with good manufacturing practices issued by Liberia Medicines and Health Products Regulatory Authority.
  • 2021: The Company received subsidy under Madhya Pradesh MSME Yojna i.e. MSME Promotion Scheme, 2019 as Industrial Development Grant upto 40% of the capital invested in machinery i.e. grant of Rs 170.04 lakh.
  • 2022: The Company was recognized as among top 10 MSME Pharmaceutical Manufacturers in Indore in Industry Outlook Magazine Edition.
  • 2023: Turnover crossed Rs 100 crore.
  • 2023: Collaborated with Mr. Kshatriya Valtaprasad Nandkishore for Carrying out the task of Marketing and Export of the products manufactured by Zenith.
  • 2023: Conversion of the Company from Private Limited Company to Public Limited Company.

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