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Zenith Exports Ltd. Stock Analysis

Small Cap
Evaluated by 119 users | BSE: 512553 | NSE: ZENITHEXPO |
Textile
Zenith Exports (ZEL), incorporated in 1981, operates three divisions namely silk division, spinning division, leather division and leasing finance. The company is promoted B R Loyalka.Zenith Exports has manufacturing facilities are located Kolkatta, Bhagalpur, Bangalore and Mysore.The company...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.05%2.7%2.59%2.61%5.04%0.51%-0.14%-3.91%-4.58%-1.39%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 20923927328831626624312911098.6
Y-o-Y Gr. Rt.-14.1%14.5%5.4%9.6%-15.6%-9%-47%-14.8%-10%
Adjusted EPS (Rs.) -2.880.17-1.75-0.722.46-7.47-4.56-8.34-10.09-4.61
Y-o-Y Gr. Rt.-NA-1129.4%NANA-403.7%NANANANA
Book Value per Share (Rs.) 171.31175.72174.98176.53179.62170.14170.43166.56163.37148.72
Adjusted Net Profit -1.60.1-1-0.41.3-4-2.5-4.5-5.4-2.5
Net Op. Cash Flow (Rs. Cr.) 20.26.11.82.87.96.819.211.78-8.9
Debt to Cash Flow from Ops 1.343.9916.9311.754.54.630.660.581.41-1.47
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Zenith Exports Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8%-20.8%-25.9%-10%
Adjusted EPS NA-213.4%NANA
Book Value per Share -1.6-3.7-4.4-9
Share Price -3.1% -9.4% -9.4% -4.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -1.670.1-1-0.411.38-4.27-2.68-4.95-6.11-2.96
Operating Profit Margin (%) 2.734.23.123.624.921.730.88-4.07-4.5-0.22
Net Profit Margin (%) -0.740.04-0.35-0.140.42-1.51-1.01-3.5-4.97-2.53
Debt to Equity 0.290.260.320.350.370.340.140.080.130.16
Working Capital Days 171146138141133149147238237254
Cash Conversion Cycle 10086818682104113173163183
Entity Percentage Holding
Promoters 51.75%
Non-Institutions 48.25%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Zenith Exports's performance infers:

Zenith Exports earnings have declined by -213.4%, whereas share price has depreciated -9.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Zenith Exports share prices over the last 10 years. Here is what we found out:

Zenith Exports share price has depreciated -3.8% annually over the past ten years.

Zenith Exports (ZEL), incorporated in 1981, operates three divisions namely silk division, spinning division, leather division and leasing finance. The company is promoted B R Loyalka.

Zenith Exports has manufacturing facilities are located Kolkatta, Bhagalpur, Bangalore and Mysore.

The company is one of the leading export house in Read More

Zenith Exports (ZEL), incorporated in 1981, operates three divisions namely silk division, spinning division, leather division and leasing finance. The company is promoted B R Loyalka.

Zenith Exports has manufacturing facilities are located Kolkatta, Bhagalpur, Bangalore and Mysore.

The company is one of the leading export house in India and has received various awards from the Indian government agencies for excellent performance in exports.

The company has received ISO 9001 certification for its quality management. Zenith Exports has an in-house design facility that is well-equipped Computer Aided Design application to develop new designs.

Manufacturing Division

Mysore Silk- The company’s silk unit is equipped with state-of-the-art technology. It has installed 28 shuttleless looms with production capacity of 100,000.00 metres  per annum.

Being a 100% export-oriented Unit, the company manufactures fabrics for premium segment that has applications in women's wear, bridal wear and home furnishing.

Leather- This unit is engaged in manufacturing and exports of industrials leather hand gloves and leather made-ups.

Spinning- The company manufactures cotton yarn such as mélange yarns catering international cotton yarn market. It owns 19440 spindles that have manufacturing capacity of 4.1 million kilo of yarns. The company exports about 80% of its yarn to countries in Europe, Middle East, Brazil and Egypt

Outlook

The company is planning to expand its weaving division. It plans to install 4 Wire flex Velvet Looms and one Dyeing Machine that will require a capital investment of Rs 951 lakh.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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