Is Zenith Exports a good quality company?

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

Is Zenith Exports 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 .

What is Zenith Exports share price return in the past 10 years?

Zenith Exports Ltd share price has appreciated 16.1% annually (CAGR) over the past ten years.

Is Zenith Exports a good buy now?

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

Zenith Exports Ltd - Stock Valuation and Financial Performance

Name: Zenith Exports
Brand: Zenith Exports

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

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Zenith Exports Share Price

₹186.20 2.70 1.47%
as on 23-Apr'24 15:40

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

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	5%	0.5%	-0.1%	-3.9%	-4.6%	-1.4%	-3.4%	0.2%	0.8%	0.9%	-
Value Creation Index ⓘ	-0.6	-1.0	-1.0	-1.3	-1.3	-1.1	-1.2	-1.0	-0.9	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	316	266	243	129	110	98.6	82.9	50.7	90.5	62.3	76
Sales YoY Gr.	-	-15.6%	-9%	-47%	-14.8%	-10%	-16%	-38.8%	78.5%	-31.3%	-
Adj EPS ⓘ	2.5	-7.5	-4.6	-8.3	-10.1	-4.6	-7.4	-1.4	-0.2	0.1	3.8
YoY Gr.	-	-403.7%	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	179.6	170.1	170.4	166.6	163.4	148.7	145.8	143	144.8	147.8	149.1
Adj Net Profit ⓘ	1.3	-4	-2.5	-4.5	-5.4	-2.5	-4	-0.7	-0.1	0	2
Cash Flow from Ops. ⓘ	7.9	6.8	19.2	11.7	8	-8.9	16.9	2.5	-15	19.2	-
Debt/CF from Ops. ⓘ	4.5	4.6	0.7	0.6	1.4	-1.5	0.5	3.1	-0.9	0.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-16.5%	-10.7%	-9.1%	-31.3%
Adj EPS ⓘ	-33.8%	NA	NA	NA
BVPSⓘ	-2.2%	-2%	0.4%	2%
Share Price	16.1%	33.4%	40.2%	124.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	1.4	-4.3	-2.7	-5	-6.1	-3	-5	-0.9	-0.2	0	2.5
Op. Profit Mgn % ⓘ	4.9	1.7	0.9	-4.1	-4.5	-0.2	-5.2	-3.6	0.4	-0.2	1.5
Net Profit Mgn % ⓘ	0.4	-1.5	-1	-3.5	-5	-2.5	-4.8	-1.4	-0.1	0.1	2.7
Debt to Equity ⓘ	0.4	0.3	0.1	0.1	0.1	0.2	0.1	0.1	0.2	0.1	-
Working Cap Days ⓘ	133	149	147	238	237	254	275	369	223	344	193
Cash Conv. Cycle ⓘ	82	104	113	173	163	183	185	236	159	231	150

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.50%

Sales growth is good in last 4 quarters at 10.68%

Sales growth has been subdued in last 3 years -9.10%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Zenith Exports Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.8	-
TTM Sales (₹ Cr.)	76.5	-
BVPS (₹.) ⓘ	149.1	-
Reserves (₹ Cr.) ⓘ	75	-
P/BV ⓘ	1.25	-
PE ⓘ	49.50	-

From the Market
52 Week Low / High (₹)	80.05 / 202.50
All Time Low / High (₹)	17.00 / 204.55
Market Cap (₹ Cr.)	100
Equity (₹ Cr.)	5.4
Face Value (₹)	10
Industry PE ⓘ	29.2

Management X-Ray of Zenith Exports:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Zenith Exports

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Zenith Exports

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	316	266	243	129	110	99	83	51	91	62
Operating Expenses ⓘ	300	262	240	134	114	101	87	53	90	62
Manufacturing Costs	41	39	38	23	21	21	16	13	16	14
Material Costs	224	194	174	90	72	60	54	28	61	35
Employee Cost	14	14	12	9	10	9	8	6	7	8
Other Costs ⓘ	21	14	17	11	12	12	8	6	7	6
Operating Profit ⓘ	15	5	2	-5	-5	-3	-4	-2	0	0
Operating Profit Margin (%)	4.9%	1.7%	0.9%	-4.1%	-4.5%	-2.6%	-5.2%	-4.3%	0.4%	-0.2%
Other Income ⓘ	1	6	5	5	6	2	6	4	3	5
Interest ⓘ	7	7	3	1	1	2	1	1	1	1
Depreciation ⓘ	6	5	3	2	2	2	2	2	1	1
Exceptional Items ⓘ	0	0	0	0	0	-6	0	0	0	0
Profit Before Tax ⓘ	3	0	0	-3	-2	-10	-2	-2	1	2
Tax ⓘ	1	0	0	-1	0	-2	0	0	0	0
Profit After Tax	2	0	0	-2	-2	-8	-1	-1	1	2
PAT Margin (%)	0.5%	0.0%	0.1%	-1.6%	-2.1%	-8.0%	-1.7%	-2.6%	1.1%	2.5%
Adjusted EPS (₹)	3.1	0.2	0.3	-3.8	-4.3	-14.6	-2.7	-2.4	1.9	2.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	97	92	92	90	88	80	79	77	78	80
Share Capital ⓘ	5	5	5	5	5	5	5	5	5	5
Reserves ⓘ	92	86	87	84	83	75	73	72	73	74
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	36	32	13	7	11	13	8	8	14	9
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	36	32	13	7	11	13	8	8	14	9
Trade Payables	12	3	7	6	4	6	6	7	5	6
Others Liabilities ⓘ	16	9	8	5	6	3	1	-1	0	0
Total Liabilities ⓘ	161	136	119	108	109	103	94	91	97	95
Fixed Assets
Gross Block	148	148	131	122	101	92	92	91	91	90
Accumulated Depreciation	107	119	108	101	83	76	77	78	79	80
Net Fixed Assetsⓘ	41	29	23	21	18	16	15	13	12	10
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	0	4	18	2	0	0	1	1
Inventories	69	61	43	35	34	44	27	28	40	28
Trade Receivables	17	21	34	22	17	14	13	9	14	9
Cash Equivalents	6	3	5	7	7	14	26	29	22	29
Others Assetsⓘ	29	20	14	19	16	13	13	11	8	19
Total Assets ⓘ	161	136	119	108	109	103	94	91	97	95

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	8	7	19	12	8	-9	17	3	-15	19
PBT ⓘ	3	0	0	-3	-2	-10	-2	-2	1	2
Adjustment ⓘ	13	10	5	1	2	4	1	0	1	-1
Changes in Working Capital ⓘ	-6	-1	15	14	8	-3	18	4	-17	18
Tax Paid ⓘ	-2	-1	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	-1	0	4	-3	-12	16	-10	1	11	-16
Capex	-1	0	3	1	1	0	0	0	0	2
Net Investments	0	0	0	0	5	15	-12	-1	10	-19
Others ⓘ	0	0	0	-3	-17	1	2	2	2	2
Cash Flow From Financing Activityⓘ	-3	-10	-21	-6	4	0	-6	-2	5	-5
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-6	-6	-2	0	-1	-1	-1	-1	-1	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	-4	-19	-6	5	2	-5	0	6	-4
Net Cash Flow ⓘ	3	-2	1	3	0	7	1	2	2	-1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	1.73	0.09	0.17	-2.25	-2.63	-9.35	-1.8	-1.66	1.3	2
ROCE (%)	7.91	5.07	2.9	-2.11	-0.97	-8.42	-0.41	-0.38	2.91	3.39
Asset Turnover Ratio	1.94	1.8	1.9	1.13	1.01	0.93	0.84	0.55	0.97	0.65
PAT to CFO Conversion(x)	4	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-15	9.5
Working Capital Days
Receivable Days	19	26	42	80	65	57	59	81	47	68
Inventory Days	83	89	79	111	114	144	157	199	137	198
Payable Days	26	14	10	26	25	30	42	82	36	58

Zenith Exports Ltd Stock News

Zenith Exports Ltd FAQs

What is the share price of Zenith Exports?

Company share prices are keep on changing according to the market conditions. The closing price of Zenith Exports on 23-Apr-2024 15:40 is ₹186.2.

What is the market cap of Zenith Exports?

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 23-Apr-2024 15:40 the market cap of Zenith Exports stood at ₹100.5.

What is the P/E ratio of Zenith Exports?

The latest P/E ratio of Zenith Exports as of 23-Apr-2024 15:40 is 49.50.

What is the P/B ratio of Zenith Exports?

The latest P/B ratio of Zenith Exports as of 23-Apr-2024 15:40 is 1.25.

What is the 52-week high and low of Zenith Exports?

The 52-week high of Zenith Exports is ₹202.5 and the 52-week low is ₹80.05.

What is the TTM revenue of Zenith Exports?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Exports is ₹76.45 ( 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.