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Zenith Fibres Ltd Stock Analysis

Small Cap
Evaluated by 394 users | BSE: 514266 | NSE: |
Textile - Manmade Fibres
Zenith Fibres incorporated in the year 1989 is the only company in India manufacturing the entire range of Polypropylene Staple Fibre (PPSF). The Company is also trading in Polypropylene Spun Yarn.Zenith Fibres has been promoted by The Rungta Group, a multicrore conglomerate. The Company is...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.57%16.13%17.62%11.34%17.54%22.55%13.24%5.29%5.75%6.43%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 39.450.454.255.666.963.852.536.229.828.4
Y-o-Y Gr. Rt.-28.1%7.5%2.5%20.4%-4.6%-17.8%-31%-17.6%-4.9%
Adjusted EPS (Rs.) 5.427.789.797.2812.7718.6912.725.56.297.8
Y-o-Y Gr. Rt.-43.5%25.8%-25.6%75.4%46.4%-31.9%-56.8%14.4%24%
Book Value per Share (Rs.) 44.6450.3358.0663.9874.0791.16104.56109.07112.52123.14
Adjusted Net Profit 2.43.44.33.25.78.35.62.42.83.1
Net Op. Cash Flow (Rs. Cr.) 1.62.93.4-0.87.693.94.41.8-1.3
Debt to Cash Flow from Ops 0.160.160.3-4.210.10.050.04000
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 Fibres Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3.6%-15.8%-18.5%-4.9%
Adjusted EPS 4.1%-9.4%-15%24%
Book Value per Share 11.910.75.69.4
Share Price 2.3% -21.8% -26.7% 20.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.2615.8917.5811.6518.1122.42135.155.686.26
Operating Profit Margin (%) 9.5610.2810.628.2910.4917.6514.347.98.6711.92
Net Profit Margin (%) 6.096.837.995.88.4412.9510.726.729.3210.84
Debt to Equity 0.010.020.040.120.020.010000
Working Capital Days 81778192756584121152230
Cash Conversion Cycle 51444559514150726468
Entity Percentage Holding
Promoters 46.21%
Institutions 0.12%
Non-Institutions 53.67%
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 Fibres Ltd's performance infers:

Zenith Fibres Ltd earnings have declined by -9.4%, whereas share price has depreciated -21.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Zenith Fibres Ltd share price has depreciated 4% annually over the past ten years.

Zenith Fibres incorporated in the year 1989 is the only company in India manufacturing the entire range of Polypropylene Staple Fibre (PPSF). The Company is also trading in Polypropylene Spun Yarn.Zenith Fibres has been promoted by The Rungta Group, a multicrore conglomerate.

The Company is promoted by A.K. Rungta, who is former President of FICCI and International Chamber of Commerce-India. He has also held several key positions in leading organisations at both National &

Zenith Fibres incorporated in the year 1989 is the only company in India manufacturing the entire range of Polypropylene Staple Fibre (PPSF). The Company is also trading in Polypropylene Spun Yarn.Zenith Fibres has been promoted by The Rungta Group, a multicrore conglomerate.

The Company is promoted by A.K. Rungta, who is former President of FICCI and International Chamber of Commerce-India. He has also held several key positions in leading organisations at both National & International level. He is a former Director of IIBI and Honourary Consul of South Africa in West Bengal.

The company has set up a plant to manufacture PPSF in village Tundav, near Baroda, India. The plant and technology was imported from Barmag AG, Germany. The company has expanded its capacity of PPSF from August 1996.The plant for expansion was imported from PFE Ltd.UK.

About 60% of PPSF production is presently marketed in the domestic market. Balance 40% of production is exported to countries like Nepal, Malaysia, Saudi Arabia, United Arab Emirates, Italy, Australia, South Africa and Japan. The quality of PPSF is very well accepted in both the domestic and the international markets. Both Barmag and P.F.E. Fibre Lines are capable of producing wide range of PPSF Deniers and cut lengths.

Product range of the company includes:Zenith Fibres Ltd., is the only Company in India manufacturing the entire range of Polypropylene Staple Fibre(PPSF).

PPSF of various shades

  • Woven
  • Non-Woven
  • Knitted
  • Apolon- Apolon is PPSF manufactured by melt spinning of isotactic polypropylene resin.

Now it is also marketing 100% Polypropylene Spun Yarn by spinning 2.5 denier x 51mm length fibres into yarns in English counts 15's/1, 15's/2, 24's/1 and 24's/2.

Achievements/ recognition:

  • The company has an ISO 9001:2000 certification.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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