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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

₹138.45 -2.20 (-1.56%)

As on 25-Sep'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

₹138.45 -2.20 (-1.56%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹743 Cr.
Current Price
₹138.5
52-Week Low / High
₹60 / 145
TTM EPS
₹0.7
TTM Sales
₹397 Cr.
Book Value per Share
₹54.2
P/E Ratio
201.00
Higher than its 5-year historical median
Industry PE
54.9
Price to Book (P/B)
2.56
Higher than its 5-year historical median
Price to Sales (P/S)
1.87
Higher than its 5-year historical median
EV/EBITDA
21.03
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.14%
Underperforms industry median
Return on Capital Employed (ROCE)
5.47%
Underperforms industry median
Return on Assets (ROA)
1.15%
Operating Profit Margin
8%
Net Profit Margin
1.56%
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
-31.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-52.01%
Asset Quality
Promoter Holding
30.36%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹237 Cr.
Equity
₹53.7 Cr.
Face Value
₹10
All Time Low / High
₹14.00 / 151.75

Zim Laboratories stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
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 4.03%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Zim Laboratories Ltd?
Promoters hold 30.36% 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 24.14% based on the current price.

10 Year X-Ray :

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 ⓘ235272332274304329397365376370392
Sales YoY Gr.-15.7%22%-17.3%10.7%8.5%20.4%-7.8%2.8%-1.4%-
Adj EPS ⓘ3.72.73.20.11.72.14.32.91.8-0.20.7
YoY Gr.--27.5%19.2%-98.1%2700%25%106.2%-33%-38.3%-112.9%-
BVPS (₹) ⓘ24.5283131.232.234.939.947.649.953.152.4
Adj Net
Profit ⓘ
17.712.915.30.38.210.221.114.18.7-1.24
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%
BVPSⓘ9%10.5%10%6.4%
Share Price - 24% 3.7% 88.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
16.310.110.70.25.36.311.66.63.7-0.51.3
Op. Profit
Mgn % ⓘ
13.512.512.97.212.111.512.91111.587.1
Net Profit
Mgn % ⓘ
7.54.74.60.12.73.15.33.92.3-0.31
Debt to
Equity ⓘ
0.70.60.50.60.50.30.30.50.50.4-
Working Cap
Days ⓘ
233226215258225222188215221219108
Cash Conv.
Cycle ⓘ
104896879526058959810126

Valuation of Zim Laboratories - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales235273335278307333399367379374
Operating Expenses ⓘ + 204238293255268292347326335344
Manufacturing Costs13142134303845535663
Material Costs120141160143159160199171168165
Employee Cost 33414835364049536164
Other Costs ⓘ 37436542435453485153
Operating Profit ⓘ 31354223404152414430
Operating Profit Margin (%) 13.4%12.8%12.5%8.1%12.9%12.3%13.0%11.2%11.5%8.0%
Other Income ⓘ + 63252465611
Exceptional Items ⓘ 0600-500000
Interest ⓘ 1091113118671113
Depreciation ⓘ 9101114161617162020
Profit Before Tax ⓘ 172522010213524188
Tax ⓘ -167-33611662
Profit After Tax 19191537152417126
PAT Margin (%) 7.9%7.0%4.6%1.2%2.4%4.4%6.1%4.7%3.2%1.6%
Adjusted EPS (₹)3.94.03.20.71.53.05.03.52.51.1
Dividend Payout Ratio (%)2.20%2.10%5.30%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 118136150153161176200239251294
Share Capital ⓘ 8.038.0616.1216.1816.2416.2448.7348.7348.7353.50
Reserves ⓘ 110128134137145159152190202240
Debt +747062776636489193104
Long Term Debt28202227221925364042
Short Term Debt47504050451723555262
Minority Interest0000000000
Trade Payables45667266658158627073
Others Liabilities ⓘ 13224423305035556069
Total Liabilities ⓘ 250295328320322343342447473540

Fixed Assets

Net Fixed Assets ⓘ +8994106116107106109161164162
Gross Block98113136159165180199267275290
Accumulated Depreciation9193043597590106111128
CWIP ⓘ 481310111227427096
Investments ⓘ 0000000000
Inventories35525556547554818694
Trade Receivables88899368729095100107109
Cash Equivalents 643485810243
Others Assets ⓘ 28485766705649524336
Total Assets ⓘ 250295328320322343342447473540
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 32373522324938164150
PBT ⓘ 172522015213524188
Adjustment ⓘ 21132426262222223429
Changes in Working Capital ⓘ -43-101-87-12-27-1216
Tax Paid ⓘ -2-4-1-5-1-0-7-31-4
Cash Flow From Investing Activity ⓘ + -7-26-21-19-6-15-36-73-40-56
Capex -9-28-20-19-6-15-37-73-40-39
Net Investments 12-1-100000-18
Others ⓘ 000-0000000
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 ⓘ -01-10-0233-821
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.2115.0710.732.174.668.65137.864.972.14
ROCE (%)14.216.4614.645.398.712.5216.8210.118.295.47
Asset Turnover Ratio0.951.011.080.860.9611.160.930.820.74
PAT to CFO Conversion(x)1.681.952.337.334.573.271.580.943.428.33
Working Capital Days
Receivable Days133.80118.1099.20105.8083.3088.6084.6097.1099.70105.30
Inventory Days55.4057.905873.2065.807159.106780.8087.90
Payable Days140144.20158.10175.90150.60166.10127.90128.40143.40157.20

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Zim Laboratories Ltd FAQs

The current trading price of Zim Laboratories on 25-Sep-2026 16:59 is ₹138.4.

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 24-Sep-2026 the market cap of Zim Laboratories stood at ₹742.9 Cr

The latest P/E ratio of Zim Laboratories as of 24-Sep-2026 is 196.4.

The latest P/B ratio of Zim Laboratories as of 24-Sep-2026 is 2.64.

The 52-week high of Zim Laboratories is ₹144.8 and the 52-week low is ₹59.72.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zim Laboratories is ₹392 ( 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 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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