Zenith Exports Ltd Stock Analysis

BSE: 512553 | NSE: ZENITHEXPO | Textile | Small Cap

BSE Share Price 09-Jun-2023 18:01
129.12 11.73 (9.99%)

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Zenith Exports Price Chart

P/E Ratio ( SA) :
40.09
Market Cap :
63.4 Cr.
52-wk low :
69.5
52-wk high :
178.8
Bole Toh?

1. Is Zenith Exports Ltd a good quality company?

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

2. Is Zenith Exports Ltd undervalued or overvalued?

The key valuation ratios of Zenith Exports Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Zenith Exports Ltd a good buy now?

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

10 Year X-Ray of Zenith Exports:

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 Exports Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2.6%2.6%5%0.5%-0.1%-3.9%-4.6%-1.4%-3.4%0.2%-
Value Creation Index -0.8-0.8-0.6-1.0-1.0-1.3-1.3-1.1-1.2-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27328831626624312911098.682.950.762
YoY Gr. Rt. %-5.4%9.6%-15.6%-9%-47%-14.8%-10%-16%-38.8%-
Adj EPS -1.8-0.72.5-7.5-4.6-8.3-10.1-4.6-7.4-1.42.9
YoY Gr. Rt. %-NANA-403.7%NANANANANANA-
BVPS (₹) 175176.5179.6170.1170.4166.6163.4148.7145.8143157.8
Adj Net Profit -1-0.41.3-4-2.5-4.5-5.4-2.5-4-0.72
Cash Flow from Ops. 1.82.87.96.819.211.78-8.916.92.5-
Debt/CF from Ops. 16.911.84.54.60.70.61.4-1.50.53.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -17.1%-26.9%-22.6%-38.8%
Adj EPS NANANANA
BVPS -2.2-3.5-4.3-1.9
Share Price 11.1% 10.7% 51.8% 46.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -1-0.41.4-4.3-2.7-5-6.1-3-5-0.92
Op. Profit Mgn % 3.13.64.91.70.9-4.1-4.5-0.2-5.2-3.6-0.8
Net Profit Mgn % -0.4-0.10.4-1.5-1-3.5-5-2.5-4.8-1.42.5
Debt to Equity 0.30.40.40.30.10.10.10.20.10.10
Working Cap Days 138141133149147238237254275369442
Cash Conv. Cycle 818682104113173163183185236328

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.90%

Sales growth has been subdued in last 3 years -22.64%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -27.09%

Latest Financials - Zenith Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 2.9 -
TTM Sales (₹ Cr.) 62.3 -
BVPS (₹.) 157.8 -
Reserves (₹ Cr.) 80 -
P/BV 0.74 -
PE 40.09 -
From the Market
52 Week Low / High (₹) 69.50 / 178.75
All Time Low / High (₹) 17.00 / 204.55
Market Cap (₹ Cr.) 63.4
Equity (₹ Cr.) 5.4
Face Value (₹) 10
Industry PE 29.8

Management X-Ray of Zenith Exports :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Zenith Exports

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Zenith Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zenith Exports on 09-Jun-2023 18:01 is : 129.1.
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 09-Jun-2023 18:01 the market cap of Zenith Exports stood at ₹ 63.35.
The latest PE ratio of Zenith Exports as of 09-Jun-2023 18:01 is 40.09.
The latest PB ratio of Zenith Exports as of 09-Jun-2023 18:01 is 0.74
The 52-week high of Zenith Exports is ₹ 178.8 and the 52-week low is ₹ 69.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Zenith Exports is ₹ 62.26 ( Cr.) .

About Zenith Exports Ltd

Since incorporation in 1969, Zenith Exports Limited has been blending and updating traditional weaving techniques and designs with the modern & contemporary to achieve the quality and high end finish that it is known for.

Starting operations with silk scarves and bridal fabric for the fashion world, it now boast an expansive range of textile products for both the fashion and home furnishing industries. Having established manufacturing units in both the handcrafted and automated fabrication sectors, it creates a wide range of products that complement both classic and contemporary lifestyles.

Its talented and motivated team of designers and engineers are as passionate about textiles as its clients are, enabling it to deliver an exceptional level of quality and attention to detail. In addition, its team can undertake bespoke developments to create a tailored product for its clients.

The Company has a weaving unit namely ‘Zenith Textiles’ located at Nanjangud, Mysore. Another unit namely ‘Zenith Spinners’ located at village- Dholka, Ahmadabad.

Business area of the company

The company is engaged in the business of Leather Goods & Textile Fabrics.

The company has 3 divisions viz.

  • 100% EOU at Nanjangud, Karnataka - Manufacturing High Quality Silk and Velvet Fabrics.
  • Exports Division at Kolkata - Exporting Industrial Leather Hand Gloves, Silk & Cotton Fabrics and made- ups manufactured on Handloom etc.
  • A yarn division at Sarandi, Ahmedabad - The yarn unit which had suspended its operations since
    December, 2015, due to steep competition and unfavorable market situation has started business of trading of Cotton with effect from January, 2019.

Milestones

  • 1969: Late Sri. B.R.Loyalka and his sons start Zenith with textiles, leather & automobile hire-purchase in Kolkata.
  • 1975: Mr. S.K.Loyalka begins exports of silk fabrics for fashion & home, which eventually becomes the predecessor of the present day company.
  • 1978: The production facility for dyeing and weaving hand-loom silk fabrics is started.
  • 1984: The production facility for manufacturing silk fabrics is set up in Bengaluru.
  • 1994: Zenith Textiles, a state of the art vertically integrated weaving mill is set up with a capacity to manufacture 1 million meters per year in Mysuru.
  • 1995: Zenith Exports Ltd. goes public and is traded in the Bombay Stock Exchange.
  • 2003: The Embroidery unit is set up to add embroidered textiles to its range. The same year a finished products unit is established.
  • 2005: Jacquard Velvet Looms followed by Solid Velvet looms are set up at the Nanjangud weaving unit.
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