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Zenith Fibres Ltd (514266)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514266 NSE: Textile - Manmade Fibres | Small Cap | Zenith Fibres Share Price

₹52 -0.64 (-1.22%)

As on 04-Jun'26 16:59

Zenith Fibres Ltd (514266)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514266 NSE: Textile - Manmade Fibres | Small Cap | Zenith Fibres Share Price

₹52 -0.64 (-1.22%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹21 Cr.
Current Price
₹52
52-Week Low / High
₹45 / 75
TTM EPS
₹7.4
TTM Sales
₹40.1 Cr.
Book Value per Share
₹149.6
P/E Ratio
7.02
Lower than its 5-year historical median
Industry PE
22.3
Price to Book (P/B)
0.35
Lower than its 5-year historical median
Price to Sales (P/S)
0.51
Lower than its 5-year historical median
EV/EBITDA
1.74
Lower than its 5-year historical median
Dividend Yield
1.41%
Profitability Efficiency
Return on Equity (ROE)
3.23%
In line with industry median
Return on Capital Employed (ROCE)
4.41%
Underperforms industry median
Return on Assets (ROA)
2.99%
Operating Profit Margin
-0.1%
Net Profit Margin
3.45%
Gross Profit Margin
6.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
52.28%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
36.36%
Asset Quality
Promoter Holding
46.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹55 Cr.
Equity
₹3.9 Cr.
Face Value
₹10
All Time Low / High
₹0.20 / 227.35

Zenith Fibres stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Zenith Fibres Ltd a good quality company?
Zenith Fibres 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 Fibres Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zenith Fibres Ltd vs industry peers?
Zenith Fibres Ltd revenue CAGR is 12.97%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Zenith Fibres Ltd?
Promoters hold 46.86% of the Zenith Fibres Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zenith Fibres Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -9.1% 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.
Zenith Fibres 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 % 35.9%21.8%10.3%5.4%5.6%2.2%7.5%7.4%3.3%4.4%-
Value Creation
Index
1.60.6-0.3-0.6-0.6-0.9-0.5-0.5-0.8-0.7-

Growth Parameters

Sales 63.852.536.229.828.423.952.450.234.352.240
Sales YoY Gr.--17.8%-31%-17.6%-4.9%-15.7%118.8%-4.2%-31.7%52.3%-
Adj EPS 18.712.75.56.34.71.77.26.32.93.57.4
YoY Gr.--31.9%-56.8%14.4%-25.9%-64.2%329.9%-13%-53.9%20.8%-
BVPS (₹) 91.2104.6109.1112.5123.1124.7131.8137.4139.5143.1149.6
Adj Net
Profit
8.35.62.42.81.80.72.82.51.11.43
Cash Flow from Ops. 93.94.41.8-1.31.7-01.8-1.8-2.6-
Debt/CF from Ops. 0.1000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -2.2%13%-0.1%52.3%
Adj EPS -17%-5.7%-21.5%20.8%
BVPS5.1%3.1%2.8%2.6%
Share Price -10.2% 1.9% -6.2% -26.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.4135.25.73.71.45.64.62.12.55.1
Op. Profit
Mgn %
17.714.37.98.75.7-0.26.14.7-0.7-0.1-3.2
Net Profit
Mgn %
1310.76.79.36.52.85.44.93.32.67.3
Debt to
Equity
00000000000
Working Cap
Days
6584121152233327172207316202108
Cash Conv.
Cycle
41507264688743476251100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales63.8352.4736.2129.8428.3723.9352.3550.1534.2852.20
Operating Expenses + 52.6444.9433.4229.1526.7523.9849.2347.9834.5952.24
Manufacturing Costs7.536.275.262.273.842.603.844.723.446.63
Material Costs38.8931.9421.2518.5716.8616.0336.5933.5522.0633.94
Employee Cost 3.173.814.284.473.613.124.314.794.995.38
Other Costs 3.052.922.633.842.442.234.494.924.106.28
Operating Profit 11.197.532.790.691.62-0.053.112.17-0.31-0.04
Operating Profit Margin (%) 17.5%14.3%7.7%2.3%5.7%-0.2%5.9%4.3%-0.9%-0.1%
Other Income + 2.972.572.642.5422.061.662.642.913.30
Exceptional Items 0000000000
Interest 0.270.200.100.050.120.130.110.100.050.06
Depreciation 0.720.620.550.600.890.950.960.890.810.80
Profit Before Tax 13.179.274.782.592.610.933.703.821.732.40
Tax 4.683.141.580.400.630.250.910.990.420.60
Profit After Tax 8.496.133.192.191.980.692.802.841.321.80
PAT Margin (%) 13.3%11.7%8.8%7.3%7.0%2.9%5.3%5.7%3.8%3.5%
Adjusted EPS (₹)19.213.97.25.05.01.77.17.23.34.6
Dividend Payout Ratio (%)15.60%14.40%20.80%20.20%0%0%21.20%20.80%29.90%21.90%

Valuation of Zenith Fibres - 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 + 40.3246.2448.2349.7648.5749.1651.9954.205556.45
Share Capital 4.424.424.424.423.943.943.943.943.943.94
Reserves 35.8941.8243.8145.3444.6245.2248.0550.2551.0652.51
Debt +0.16000000000
Long Term Debt0.16000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables0.871.190.130.280.300.200.870.641.221
Others Liabilities 4.532.512.742.223.503.524.383.193.323.64
Total Liabilities 45.8849.9451.1152.2652.3752.8957.2358.0359.5461.09

Fixed Assets

Net Fixed Assets +4.974.686.145.7213.7912.8412.5611.8911.6711.33
Gross Block19.285.267.257.3515.6115.6016.1916.3616.9517.35
Accumulated Depreciation14.310.581.111.621.822.773.644.475.286.02
CWIP 0000000000
Investments 1.4217.8919.5515.063.833.652.2321.643.11
Inventories4.564.105.143.763.943.373.524.385.614.20
Trade Receivables3.875.501.240.792.771.814.831.671.965.19
Cash Equivalents flag 27.6313.1715.1316.9213.0615.2014.4115.2115.5319.41
Others Assets 3.424.593.901014.9816.0319.6822.8823.1417.85
Total Assets 45.8849.9451.1152.2652.3752.8957.2358.0359.5461.09

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 8.963.864.391.79-1.341.69-0.011.81-1.80-2.56
PBT 13.179.274.782.592.610.933.703.821.732.40
Adjustment -1.43-1.93-2.10-1.91-1.01-0.96-0.61-0.89-1.70-1.84
Changes in Working Capital 1.490.143.011.77-2.511.87-2.47-0.27-1.45-2.19
Tax Paid -4.28-3.63-1.29-0.65-0.44-0.15-0.63-0.85-0.38-0.92
Cash Flow From Investing Activity + 1.54-16.22-1.100.850.820.71-0.53-0.182.936.73
Capex -0.05-0.32-2.08-0.18-8.13-0.05-0.70-0.16-0.59-0.45
Net Investments -0.42-17.75-0.60-0.477.140.461.380.160.32-1.43
Others 2.011.851.591.501.810.30-1.22-0.173.218.61
Cash Flow From Financing Activity + -1.68-2.10-1.33-0.85-3.32-0.22-0.22-0.81-0.78-0.59
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.07-0.20-0.10-0.05-0.12-0.13-0.11-0.10-0.05-0.06
Dividend Paid -1.31-1.60-1.06-0.80-0.4800-0.59-0.59-0.39
Others -0.30-0.30-0.160-2.72-0.10-0.11-0.12-0.14-0.14
Net Cash Flow 8.82-14.461.961.79-3.842.17-0.760.820.363.59

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.2414.176.764.464.021.45.535.352.413.23
ROCE (%)35.8621.7510.325.395.562.167.537.393.274.41
Asset Turnover Ratio1.641.180.730.580.540.450.950.870.590.87
PAT to CFO Conversion(x)1.060.631.380.82-0.682.45-00.64-1.36-1.42
Working Capital Days
Receivable Days22.1030.4033.3012.4022.9034.9023.2023.6019.2024.90
Inventory Days2528.1045.6054.3049.5055.702428.7052.9034.20
Payable Days7.7011.8011.304.106.205.705.408.2015.4011.90

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

Zenith Fibres Ltd FAQs

The current trading price of Zenith Fibres on 04-Jun-2026 16:59 is ₹52.00.

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 Zenith Fibres stood at ₹20.51 Cr

The latest P/E ratio of Zenith Fibres as of 03-Jun-2026 is 7.02.

The latest P/B ratio of Zenith Fibres as of 03-Jun-2026 is 0.35.

The 52-week high of Zenith Fibres is ₹74.99 and the 52-week low is ₹45.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Fibres is ₹40.08 ( Cr.) .

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

The key valuation ratios of Zenith Fibres 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 Weak which suggest that the price of Zenith Fibres Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Zenith Fibres Ltd

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.
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