Zenith Exports Ltd

Zenith Exports Ltd

₹ 453 5.00%
24 Jun - close price
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

  • Market Cap 245 Cr.
  • Current Price 453
  • High / Low 453 / 95.7
  • Stock P/E 816
  • Book Value 149
  • Dividend Yield 0.00 %
  • ROCE 1.78 %
  • ROE 0.38 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -6.21%
  • Company has a low return on equity of 0.87% over last 3 years.
  • Earnings include an other income of Rs.3.84 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
13.67 18.22 22.33 18.44 31.19 19.08 15.68 12.88 14.62 21.05 22.41 18.37 19.87
13.61 18.52 22.00 18.88 30.33 18.18 17.04 14.12 13.43 20.68 21.97 19.24 21.07
Operating Profit 0.06 -0.30 0.33 -0.44 0.86 0.90 -1.36 -1.24 1.19 0.37 0.44 -0.87 -1.20
OPM % 0.44% -1.65% 1.48% -2.39% 2.76% 4.72% -8.67% -9.63% 8.14% 1.76% 1.96% -4.74% -6.04%
1.09 0.77 0.46 0.57 1.26 0.91 0.49 2.12 0.94 0.70 0.89 1.05 1.20
Interest 0.20 0.18 0.26 0.12 0.32 0.13 0.15 0.17 0.20 0.26 0.29 0.17 0.18
Depreciation 0.40 0.32 0.32 0.32 0.32 0.33 0.32 0.33 0.32 0.24 0.25 0.25 0.28
Profit before tax 0.55 -0.03 0.21 -0.31 1.48 1.35 -1.34 0.38 1.61 0.57 0.79 -0.24 -0.46
Tax % 38.18% 0.00% 38.10% 22.58% 22.30% 25.93% 20.90% 13.16% 18.63% 31.58% 32.91% 16.67% 8.70%
0.34 -0.03 0.13 -0.24 1.15 1.00 -1.06 0.33 1.31 0.39 0.53 -0.20 -0.42
EPS in Rs 0.63 -0.06 0.24 -0.44 2.13 1.85 -1.96 0.61 2.43 0.72 0.98 -0.37 -0.78
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
279.83 315.52 266.46 242.51 128.61 109.52 98.54 82.82 50.70 90.54 62.25 81.70
269.41 299.94 261.81 240.26 133.21 113.84 99.01 87.11 52.59 90.16 62.39 82.96
Operating Profit 10.42 15.58 4.65 2.25 -4.60 -4.32 -0.47 -4.29 -1.89 0.38 -0.14 -1.26
OPM % 3.72% 4.94% 1.75% 0.93% -3.58% -3.94% -0.48% -5.18% -3.73% 0.42% -0.22% -1.54%
2.51 1.20 6.40 4.55 3.58 5.31 -6.02 5.61 3.21 3.48 4.51 3.84
Interest 5.27 7.49 6.69 3.28 0.31 1.36 1.65 1.36 1.28 1.22 1.07 0.90
Depreciation 6.50 6.46 4.56 3.49 1.42 1.41 1.63 1.69 1.64 1.28 1.30 1.02
Profit before tax 1.16 2.83 -0.20 0.03 -2.75 -1.78 -9.77 -1.73 -1.60 1.36 2.00 0.66
Tax % 27.59% 40.99% 140.00% -400.00% 24.36% -5.06% 19.34% 17.34% 19.38% 25.74% 21.00% 54.55%
0.84 1.67 0.08 0.16 -2.08 -1.88 -7.87 -1.43 -1.30 1.01 1.58 0.30
EPS in Rs 1.56 3.09 0.15 0.30 -3.85 -3.48 -14.58 -2.65 -2.41 1.87 2.93 0.56
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: -13%
5 Years: -4%
3 Years: 17%
TTM: 31%
Compounded Profit Growth
10 Years: -16%
5 Years: 22%
3 Years: 37%
TTM: -60%
Stock Price CAGR
10 Years: 25%
5 Years: 59%
3 Years: 70%
1 Year: 328%
Return on Equity
10 Years: -1%
5 Years: 0%
3 Years: 1%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 89.87 91.53 86.41 86.57 84.48 82.77 74.86 73.29 71.78 72.76 74.33 74.85
32.89 35.67 31.63 12.63 6.80 11.30 13.02 8.27 7.79 13.81 9.47 5.54
35.84 28.49 13.45 16.43 13.76 11.93 14.26 12.27 10.90 9.55 10.81 10.11
Total Liabilities 164.00 161.09 136.89 121.03 110.44 111.40 107.54 99.23 95.87 101.52 100.01 95.90
45.77 40.82 29.16 22.89 20.69 17.96 15.59 14.61 12.68 12.12 10.24 9.26
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05
Investments 0.12 0.21 0.01 0.01 4.08 17.56 2.00 0.00 0.17 0.54 0.85 1.32
118.11 120.06 107.72 98.13 85.67 75.88 89.95 84.62 83.02 88.86 88.92 85.27
Total Assets 164.00 161.09 136.89 121.03 110.44 111.40 107.54 99.23 95.87 101.52 100.01 95.90

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.80 7.93 6.83 19.21 11.67 7.99 -8.87 16.90 2.52 -14.98 19.23 -6.57
-2.77 -1.40 0.42 3.57 -2.59 -12.03 15.61 -10.30 1.18 11.47 -15.55 17.03
-0.22 -3.23 -9.64 -21.42 -6.14 3.64 0.40 -5.75 -1.52 5.14 -4.98 -4.84
Net Cash Flow -0.19 3.30 -2.39 1.37 2.94 -0.39 7.15 0.85 2.18 1.63 -1.31 5.62

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21.52 19.32 29.42 51.85 63.06 56.22 50.67 57.65 67.96 55.59 54.30 64.20
Inventory Days 134.97 110.71 114.67 90.68 140.77 169.01 269.17 184.97 360.26 238.18 290.24 207.07
Days Payable 34.93 19.64 6.02 13.98 24.79 17.94 37.72 41.33 85.61 31.12 62.40 41.94
Cash Conversion Cycle 121.56 110.38 138.07 128.55 179.05 207.29 282.13 201.29 342.61 262.65 282.13 229.34
Working Capital Days 99.00 93.36 116.32 110.71 158.42 171.60 208.35 168.57 252.12 209.67 200.30 186.07
ROCE % 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

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 51.75% 45.55%
48.25% 48.25% 48.25% 48.25% 48.25% 48.25% 48.24% 48.25% 48.25% 48.25% 48.24% 54.45%
No. of Shareholders 2,1002,0632,0632,1052,1162,1252,2582,2872,2232,1442,2302,323

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