Zenith Exports Ltd

Zenith Exports Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Zenith Exports Ltd

₹ 116 1.96%
29 Sep 11:51 a.m.
zenexportslimited.com BSE: 512553 NSE - BE : ZENITHEXPO
About

Incorporated in 1969, Zenith Exports Ltd is in the business of Leather Goods & Textile Fabrics[1]

Key Points

Business Overview:[1]
Company manufactures textile products for the fashion and home furnishing industries. It has established manufacturing units to cater to handcrafted and automated fabrication sectors

Website BSE NSE - BE
  • Market Cap ₹ 62.5 Cr.
  • Current Price ₹ 116
  • High / Low ₹ 179 / 72.1
  • Stock P/E 64.4
  • Book Value ₹ 148
  • Dividend Yield 0.00 %
  • ROCE 2.23 %
  • ROE 0.95 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.78 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -10.7% over past five years.
  • Company has a low return on equity of 0.51% over last 3 years.
  • Earnings include an other income of Rs.4.25 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Leather Industry: Leather / Leather Products

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
10.58 13.56 12.90 13.67 18.22 22.33 18.44 31.19 19.08 15.68 12.88 14.62 21.05
10.76 14.91 13.86 13.61 18.52 22.00 18.88 30.33 18.18 17.04 14.12 13.43 20.68
Operating Profit -0.18 -1.35 -0.96 0.06 -0.30 0.33 -0.44 0.86 0.90 -1.36 -1.24 1.19 0.37
OPM % -1.70% -9.96% -7.44% 0.44% -1.65% 1.48% -2.39% 2.76% 4.72% -8.67% -9.63% 8.14% 1.76%
0.92 0.94 0.56 1.09 0.77 0.46 0.57 1.26 0.91 0.49 2.12 0.94 0.70
Interest 0.15 0.15 0.54 0.20 0.18 0.26 0.12 0.32 0.13 0.15 0.17 0.20 0.26
Depreciation 0.41 0.41 0.42 0.40 0.32 0.32 0.32 0.32 0.33 0.32 0.33 0.32 0.24
Profit before tax 0.18 -0.97 -1.36 0.55 -0.03 0.21 -0.31 1.48 1.35 -1.34 0.38 1.61 0.57
Tax % 22.22% 23.71% 24.26% 38.18% 0.00% 38.10% 22.58% 22.30% 25.93% 20.90% 13.16% 18.63% 31.58%
0.14 -0.74 -1.03 0.34 -0.03 0.13 -0.24 1.15 1.00 -1.06 0.33 1.31 0.39
EPS in Rs 0.26 -1.37 -1.91 0.63 -0.06 0.24 -0.44 2.13 1.85 -1.96 0.61 2.43 0.72
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
272.96 279.83 315.52 266.46 242.51 128.61 109.52 98.54 82.82 50.70 90.54 62.25 64.23
264.50 269.41 299.94 261.81 240.26 133.21 113.84 99.01 87.11 52.59 90.16 62.39 65.27
Operating Profit 8.46 10.42 15.58 4.65 2.25 -4.60 -4.32 -0.47 -4.29 -1.89 0.38 -0.14 -1.04
OPM % 3.10% 3.72% 4.94% 1.75% 0.93% -3.58% -3.94% -0.48% -5.18% -3.73% 0.42% -0.22% -1.62%
2.93 2.51 1.20 6.40 4.55 3.58 5.31 -6.02 5.61 3.21 3.48 4.51 4.25
Interest 5.85 5.27 7.49 6.69 3.28 0.31 1.36 1.65 1.36 1.28 1.22 1.07 0.78
Depreciation 6.31 6.50 6.46 4.56 3.49 1.42 1.41 1.63 1.69 1.64 1.28 1.30 1.21
Profit before tax -0.77 1.16 2.83 -0.20 0.03 -2.75 -1.78 -9.77 -1.73 -1.60 1.36 2.00 1.22
Tax % 55.84% 27.59% 40.99% 140.00% -400.00% 24.36% -5.06% 19.34% 17.34% 19.38% 25.74% 21.00%
-0.34 0.84 1.67 0.08 0.16 -2.08 -1.88 -7.87 -1.43 -1.30 1.01 1.58 0.97
EPS in Rs -0.63 1.56 3.09 0.15 0.30 -3.85 -3.48 -14.58 -2.65 -2.41 1.87 2.93 1.80
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -14%
5 Years: -11%
3 Years: -9%
TTM: -29%
Compounded Profit Growth
10 Years: -1%
5 Years: 18%
3 Years: 33%
TTM: -52%
Stock Price CAGR
10 Years: 10%
5 Years: 24%
3 Years: 41%
1 Year: 52%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5.40 5.40 5.40 5.40 5.40 5.40 5.40 5.40 5.40 5.40 5.40 5.40
Reserves 89.03 89.87 91.53 86.41 86.57 84.48 82.77 74.86 73.29 71.78 72.76 74.33
29.96 32.89 35.67 31.63 12.63 6.80 11.30 13.02 8.27 7.79 13.81 9.47
34.40 35.84 28.49 13.45 16.43 13.76 11.93 14.26 12.27 10.90 9.55 10.81
Total Liabilities 158.79 164.00 161.09 136.89 121.03 110.44 111.40 107.54 99.23 95.87 101.52 100.01
49.20 45.77 40.82 29.16 22.89 20.69 17.96 15.59 14.61 12.68 12.12 10.24
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.12 0.21 0.01 0.01 4.08 17.56 2.00 0.00 0.17 0.54 0.85
109.58 118.11 120.06 107.72 98.13 85.67 75.88 89.95 84.62 83.02 88.86 88.92
Total Assets 158.79 164.00 161.09 136.89 121.03 110.44 111.40 107.54 99.23 95.87 101.52 100.01

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.77 2.80 7.93 6.83 19.21 11.67 7.99 -8.87 16.90 2.52 -14.98 19.23
-2.85 -2.77 -1.40 0.42 3.57 -2.59 -12.03 15.61 -10.30 1.18 11.47 -15.55
1.08 -0.22 -3.23 -9.64 -21.42 -6.14 3.64 0.40 -5.75 -1.52 5.14 -4.98
Net Cash Flow 0.00 -0.19 3.30 -2.39 1.37 2.94 -0.39 7.15 0.85 2.18 1.63 -1.31

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22.81 21.52 19.32 29.42 51.85 63.06 56.22 50.67 57.65 67.96 55.59 54.30
Inventory Days 119.56 134.97 110.71 114.67 90.68 140.77 169.01 269.17 184.97 360.26 238.18 290.24
Days Payable 30.82 34.93 19.64 6.02 13.98 24.79 17.94 37.72 41.33 85.61 31.12 62.40
Cash Conversion Cycle 111.54 121.56 110.38 138.07 128.55 179.05 207.29 282.13 201.29 342.61 262.65 282.13
Working Capital Days 89.97 99.00 93.36 116.32 110.71 158.42 171.60 208.35 168.57 252.12 209.67 200.30
ROCE % 4.13% 4.97% 7.95% 4.81% 2.53% -1.62% -0.81% -0.72% -1.11% 0.50% 2.89% 2.23%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75%
48.25% 48.25% 48.25% 48.25% 48.25% 48.25% 48.25% 48.25% 48.25% 48.24% 48.25% 48.25%
No. of Shareholders 1,7252,0631,9082,1002,0632,0632,1052,1162,1252,2582,2872,223

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