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Zenith Exports Ltd (ZENITHEXPO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512553 NSE: ZENITHEXPO Textile | Small Cap | Zenith Exports Share Price

₹183.40 0.00 (0.00%)

As on 01-Jun'26 16:59

Zenith Exports Ltd (ZENITHEXPO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512553 NSE: ZENITHEXPO Textile | Small Cap | Zenith Exports Share Price

₹183.40 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹108 Cr.
Current Price
₹183.4
52-Week Low / High
₹180 / 352
TTM EPS
₹4.2
TTM Sales
₹64.7 Cr.
Book Value per Share
₹155.9
P/E Ratio
47.28
Higher than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
1.29
Higher than its 5-year historical median
Price to Sales (P/S)
1.67
Higher than its 5-year historical median
EV/EBITDA
20.25
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.11%
Underperforms industry median
Return on Capital Employed (ROCE)
4.03%
Underperforms industry median
Return on Assets (ROA)
1.81%
Operating Profit Margin
-5.8%
Net Profit Margin
2.38%
Gross Profit Margin
-1.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.75%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
470%
Asset Quality
Promoter Holding
45.54%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹79 Cr.
Equity
₹5.4 Cr.
Face Value
₹10
All Time Low / High
₹17.00 / 449.25

Zenith Exports stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Zenith Exports Ltd a good quality company?
Zenith Exports Ltd is a weak quality company, based on a inconsistent 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 Exports Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zenith Exports Ltd vs industry peers?
Zenith Exports Ltd revenue CAGR is -2.75%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Zenith Exports Ltd?
Promoters hold 45.54% of the Zenith Exports Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Zenith Exports Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.9%-2.1%-1%-8.4%-0.4%-0.4%2.9%3.4%2.2%4%-
Value Creation
Index
-0.8-1.2-1.1-1.6-1.0-1.0-0.8-0.8-0.8-0.7-

Growth Parameters

Sales 24312911098.682.950.790.562.381.772.165
Sales YoY Gr.--47%-14.8%-10%-16%-38.8%78.5%-31.3%31.2%-11.8%-
Adj EPS -4.6-8.3-10.1-4.6-7.4-1.4-0.20.1-0.8-4.54.2
YoY Gr.-NANANANANANANA-1450%NA-
BVPS (₹) 170.4166.6163.4148.7145.8143144.8147.8148.7151.9155.9
Adj Net
Profit
-2.5-4.5-5.4-2.5-4-0.7-0.10-0.4-2.42
Cash Flow from Ops. 19.211.78-8.916.92.5-1519.2-6.6-3-
Debt/CF from Ops. 0.70.61.4-1.50.53.1-0.90.5-0.8-2.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -12.6%-2.8%-7.3%-11.8%
Adj EPS NANANANA
BVPS-1.3%0.8%1.6%2.1%
Share Price 15.5% 13.4% 25.7% -34.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.7-5-6.1-3-5-0.9-0.20-0.6-32.8
Op. Profit
Mgn %
0.9-4.1-4.5-0.2-5.2-3.60.4-0.2-1.1-5.80.2
Net Profit
Mgn %
-1-3.5-5-2.5-4.8-1.4-0.10.1-0.5-3.43.5
Debt to
Equity
0.10.10.10.20.10.10.20.10.10.10
Working Cap
Days
147238237254275369223344250283194
Cash Conv.
Cycle
113173163183185236159231150183164

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales24312911099835191628272
Operating Expenses + 240134114101875390628376
Manufacturing Costs38232121161316141917
Material Costs174907260542861354944
Employee Cost 129109867899
Other Costs 17111212867667
Operating Profit 2-5-5-3-4-20-0-1-4
Operating Profit Margin (%) 0.9%-4.1%-4.5%-2.6%-5.2%-4.3%0.4%-0.2%-1.1%-5.8%
Other Income + 5562643544
Exceptional Items 000-60-00004
Interest 3112111111
Depreciation 3222221111
Profit Before Tax 0-3-2-10-2-21212
Tax -0-10-2-0-00001
Profit After Tax 0-2-2-8-1-11202
PAT Margin (%) 0.1%-1.6%-2.1%-8.0%-1.7%-2.6%1.1%2.5%0.4%2.4%
Adjusted EPS (₹)0.3-3.8-4.3-14.6-2.7-2.41.92.90.63.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Zenith Exports - 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 + 92908880797778808082
Share Capital 5555555555
Reserves 87848375737273747577
Debt +13711138814958
Long Term Debt0000000000
Short Term Debt13711138814958
Minority Interest0000000000
Trade Payables7646675666
Others Liabilities 85631-1-0002
Total Liabilities 119108109103949197959297

Fixed Assets

Net Fixed Assets +2321181615131210911
Gross Block13112210192929191909092
Accumulated Depreciation1081018376777879808081
CWIP 0000000000
Investments 04182001112
Inventories43353444272840282824
Trade Receivables342217141391491418
Cash Equivalents 57714262922292529
Others Assets 1419161313118191414
Total Assets 119108109103949197959297

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 19128-9173-1519-7-3
PBT 0-3-2-10-2-21212
Adjustment 5124101-1-1-6
Changes in Working Capital 15148-3184-1718-61
Tax Paid -0-0-0-0-0-0-0-0-0-0
Cash Flow From Investing Activity + 4-3-1216-10111-1617-4
Capex 311-0-0-0-02-02
Net Investments 00515-12-110-1915-9
Others 0-3-171222223
Cash Flow From Financing Activity + -21-640-6-25-5-51
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000-00-0
Interest Paid -2-0-1-1-1-1-1-1-1-1
Dividend Paid 0000000000
Others -19-652-5-06-4-42
Net Cash Flow 13-07122-16-6

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.17-2.25-2.63-9.35-1.8-1.661.320.382.11
ROCE (%)2.9-2.11-0.97-8.42-0.41-0.382.913.392.184.03
Asset Turnover Ratio1.91.131.010.930.840.550.970.650.870.76
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A-159.5N/A-1.5
Working Capital Days
Receivable Days42.1080.4065.1056.5058.908146.8067.6052.8080.90
Inventory Days78.80110.70113.90143.60156.90199.40136.70197.70124.10131.10
Payable Days10.4025.9024.5029.8041.5081.9035.6058.4043.5047.20

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 Exports Ltd FAQs

The current trading price of Zenith Exports on 01-Jun-2026 16:59 is ₹183.4.

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 31-May-2026 the market cap of Zenith Exports stood at ₹108.3 Cr

The latest P/E ratio of Zenith Exports as of 31-May-2026 is 47.28.

The latest P/B ratio of Zenith Exports as of 31-May-2026 is 1.29.

The 52-week high of Zenith Exports is ₹351.9 and the 52-week low is ₹179.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Exports is ₹64.68 ( Cr.) .

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

The key valuation ratios of Zenith Exports 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 Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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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