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Zenotech Laboratories Ltd (532039)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532039 NSE: Pharmaceuticals & Drugs | Small Cap | Zenotech Laboratorie Share Price

₹45 0.31 (0.69%)

As on 04-Jun'26 16:59

Zenotech Laboratories Ltd (532039)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532039 NSE: Pharmaceuticals & Drugs | Small Cap | Zenotech Laboratorie Share Price

₹45 0.31 (0.69%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹275 Cr.
Current Price
₹45
52-Week Low / High
₹34 / 67
TTM EPS
₹-0.2
TTM Sales
₹39.6 Cr.
Book Value per Share
₹15.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
2.89
Lower than its 5-year historical median
Price to Sales (P/S)
6.94
Lower than its 5-year historical median
EV/EBITDA
21.24
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.01%
Underperforms industry median
Return on Capital Employed (ROCE)
11.46%
In line with industry median
Return on Assets (ROA)
5.43%
Operating Profit Margin
33%
Net Profit Margin
13.04%
Gross Profit Margin
36.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.44%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.65%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-32.41%
Asset Quality
Promoter Holding
68.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹34 Cr.
Equity
₹61 Cr.
Face Value
₹10
All Time Low / High
₹3.99 / 173.59

Zenotech 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 Zenotech Laboratories Ltd a good quality company?
Zenotech 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 Zenotech Laboratories Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zenotech Laboratories Ltd vs industry peers?
Zenotech Laboratories Ltd revenue CAGR is 10.59%, 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 Zenotech Laboratories Ltd?
Promoters hold 68.84% of the Zenotech Laboratories Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zenotech Laboratories Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.1% 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.
Zenotech 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -65.7%0%-61.9%-6%18.3%0.5%15.3%18.4%12.9%11.5%-
Value Creation
Index
NANA-5.4-1.40.3-1.00.10.3-0.1-0.2-

Growth Parameters

Sales 2.12.311.1132622.536.642.440.843.140
Sales YoY Gr.-9.2%395.1%17%99.7%-13.7%62.9%16%-3.8%5.4%-
Adj EPS -5.2-5.8-1.9-0.51-0.23.61.91.40.7-0.2
YoY Gr.-NANANANA-119.2%NA-47.9%-28%-48.5%-
BVPS (₹) -12.7-18.26.96.48.17.911.613.514.815.815.6
Adj Net
Profit
-18.9-21.1-11.8-36.3-1.222.211.68.34.3-1
Cash Flow from Ops. -4.81.6-16.3-1411.45.717.720.711.89.5-
Debt/CF from Ops. -11.333.20-1.41.63.60.3000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 40.2%10.6%5.6%5.4%
Adj EPS NA-7.6%-42.2%-48.5%
BVPSNA14.1%10.8%6.1%
Share Price 0.8% 0.6% -5.4% -26.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
51.637.799.2-7.514.3-2.537.315.19.64.6-1.2
Op. Profit
Mgn %
-372.5-460.4-70.5-2634.528.447.848.842.33323.2
Net Profit
Mgn %
-917.4-937.4-106.3-23.324.3-5.460.727.320.49.9-2.8
Debt to
Equity
-1.2-0.800.50.40.40.10000
Working Cap
Days
8426101482391251117678100120188
Cash Conv.
Cycle
252106-70-42-44-99-6-1017131

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales221113262237424143
Operating Expenses + 10131917171619222429
Manufacturing Costs25989810111112
Material Costs2211100001
Employee Cost 23556678912
Other Costs 4343222233
Operating Profit -8-10-8-49617211714
Operating Profit Margin (%) -389.0%-461.0%-70.6%-27.0%34.5%28.4%47.8%48.8%42.2%32.9%
Other Income + 0025101112
Exceptional Items 0200600002
Interest 8820121000
Depreciation 4444567777
Profit Before Tax -19-20-12-311-110151111
Tax 000000-12335
Profit After Tax -19-20-12-311-1221286
PAT Margin (%) -929.0%-881.0%-106.0%-24.0%41.4%-5.4%60.7%27.3%20.3%13.0%
Adjusted EPS (₹)-5.3-5.5-1.9-0.51.8-0.23.61.91.40.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Zenotech Laboratorie - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -46-664239504871829196
Share Capital 34346161616161616161
Reserves -80-100-19-22-11-1310213035
Debt +515102019216000
Long Term Debt00000216000
Short Term Debt51510201900000
Minority Interest0000000000
Trade Payables4554522333
Others Liabilities 4460342113153668
Total Liabilities 5351828586868292100107

Fixed Assets

Net Fixed Assets +48474443497471656661
Gross Block5255565970101105107114116
Accumulated Depreciation481216212734414855
CWIP 002172920524
Investments 0000000000
Inventories2111000010
Trade Receivables0002244337
Cash Equivalents flag 012913122112027
Others Assets 2258534788
Total Assets 5351828586868292100107

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -52-16-141161821129
PBT -19-20-12-311-110151111
Adjustment 12105-0-288764
Changes in Working Capital 212-9-103-110-4-3
Tax Paid 10-0-0-0-0-1-1-1-2
Cash Flow From Investing Activity + 5-1-3-16-21-5-2-6-2115
Capex -0-1-4-18-22-5-2-6-4-4
Net Investments 50-11000000
Others 00211000-1719
Cash Flow From Financing Activity + -1-14715-30-16-600
Net Proceeds from Shares -001200000000
Net Proceeds from Borrowing -0-0-30-120-15-600
Interest Paid -1-1-19-5-1-2-1-000
Dividend Paid 0000000000
Others 00-51201020000
Net Cash Flow -0028-15-121-09-925

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/A0-7.7324.35-2.4837.2615.159.66.01
ROCE (%)N/AN/A-61.88-5.9518.320.4815.2618.3912.8911.46
Asset Turnover Ratio0.040.040.170.160.310.260.440.490.430.42
PAT to CFO Conversion(x)N/AN/AN/AN/A1N/A0.821.751.51.5
Working Capital Days
Receivable Days6228.200.1033.1029.604638.6031.2029.4045.40
Inventory Days302.40203.1028.6019.704.801.300.6007.500
Payable Days594.101,026.302,4102,4243,153.5000001,263.20

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

Zenotech Laboratories Ltd FAQs

The current trading price of Zenotech Laboratorie on 04-Jun-2026 16:59 is ₹45.00.

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 03-Jun-2026 the market cap of Zenotech Laboratorie stood at ₹274.6 Cr

The latest P/E ratio of Zenotech Laboratorie as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Zenotech Laboratorie as of 03-Jun-2026 is 2.89.

The 52-week high of Zenotech Laboratorie is ₹67.00 and the 52-week low is ₹33.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenotech Laboratorie is ₹39.56 ( Cr.) .

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

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

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

About Zenotech Laboratories Ltd

Zenotech Laboratories Ltd, formerly known as Sunline Technologies Limited, was originally incorporated as Maa Shakti Tube Mill private Limited on June 15,1989. Zenotech develops and manufactures generic biopharmaceuticals and markets them to people with unmet medical needs around the world.

The company aims to bring a constant pipeline of new biogeneric products to the market. The highly qualified and trained staff uses recombinant DNA technology and cGMP production methods to give the customers generic versions of biotherapeutic drugs comparable to the innovator product in quality, safety and efficacy.

Zenotech’s technical staff are well versed in gene cloning and expression, fermentation, downstream processing, protein purification, process validation and manufacture of recombinant DNA products from bacterial, yeast and mammalian cells.

Zenotech has a full fledged research and development facility for generating recombinant proteins for clinical development. The company plans to set up cGMP manufacturing facilities that will house multiple fermentors, bioreactors and chromatography systems to meet the demands of the Indian and other emerging markets.

Zenotech develops new biological entities in the areas of cancer and neurology. The company has initiated target identification and validation programs using gene and protein based technologies. This brings together proprietary technologies in the identification of cell surface proteins and receptors as candidate drug targets.

Zenotech utilizes validated targets for generating new therapeutic entites. The company plans to adopt a comprehensive approach to therapeutic monoclonal antibody generation by bringing together skills in the areas of recombinant DNA technology, protein purification and characterization in the development of new antigen and antibody-based therapeutics for clinical studies.

Zenotech offers comprehensive services for generating and characterizing recombinant proteins. The company provides a full range of services from cloning a gene, expression in microbial or mammalian systems, process development and generation of milligram to gram quantities of pure recombinant proteins. The company also offers functional, validated assays in both cell-based and cell-free formats for use in drug discovery.

Product range of the company includes:

Generics -- Biological

  • Nugraf
  • Macrogen

        Chemical

  • Gemcitabine for Injection 
  • Paclitaxel for Injection 
  • Docetaxel for Injection 
  • Irinotecan for Injection 
  • Oxaliplatin for Injection 
  • Epirubicin for Injection 
  • Bleomycin for Injection 
  • Cisplatin for Injection 
  • Carboplatin for Injection 
  • Ifosfamide for Injection 
  • Etoposide for Injection

New biologicals Zenotech develops new biological entities in the areas of

  • Cancer
  • Neurology
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