Sharescart Research Club logo

Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹113 Cr.
Stock P/E
65.7
P/B
1.3
Current Price
₹208.5
Book Value
₹ 156.6
Face Value
10
52W High
₹351.9
52W Low
₹ 178
Dividend Yield
0%

Zenith Exports Overview

1. Business Overview

Zenith Exports Ltd. is an Indian company operating in the Textile sector. Its core business involves the manufacturing and export of textile products. Given "Exports" in its name, the company primarily focuses on serving international markets. This typically involves sourcing raw materials (such as cotton, synthetic fibers, or blends), undertaking various stages of textile production (like spinning, weaving, processing, dyeing, printing, and garmenting), and then supplying finished fabrics, apparel, or home textile products to global brands, retailers, or distributors. The company makes money by selling these manufactured goods at a margin above its production costs.

2. Key Segments / Revenue Mix

Without specific company data, the exact revenue mix cannot be provided. However, typical segmentation for a textile exporter might include:

Fabrics: Selling processed or unprocessed woven/knitted fabrics.

Apparel/Garments: Manufacturing ready-to-wear clothing for various categories (men's, women's, children's).

Home Textiles: Producing items like bed linen, bath linen, kitchen linen, or curtains.

Geographic Mix: Revenue contributions from different export markets (e.g., North America, Europe, Asia).

The company's primary focus, as implied by its name, would be its export activities.

3. Industry & Positioning

The Indian textile industry is one of the oldest and largest industries, characterized by a vast raw material base (especially cotton), a large skilled labor pool, and competitive manufacturing costs. It is highly fragmented but also includes several large, integrated players like Zenith Exports Ltd. The industry is export-oriented and subject to global fashion trends, economic cycles, and trade policies. Zenith Exports Ltd., as an exporter, likely competes on factors such as quality, design capabilities, price competitiveness, adherence to international compliance standards, and supply chain reliability. Its positioning would be as a significant supplier to international clients within specific product categories (e.g., specific types of fabrics or apparel).

4. Competitive Advantage (Moat)

For an Indian textile exporter, potential competitive advantages often stem from:

Cost Efficiency: Leveraging India's competitive raw material and labor costs, coupled with efficient manufacturing processes and scale, to offer competitive pricing in global markets.

Integrated Operations: If the company has vertically integrated operations (from spinning to garmenting), it can offer better quality control, faster turnaround times, and cost advantages.

Customer Relationships: Long-standing relationships and preferred supplier status with international brands and retailers can create sticky customer bases.

Design and Product Development Capabilities: Ability to innovate and offer diverse designs or specialized textile products that cater to evolving global fashion trends.

Compliance and Quality Standards: Adherence to international quality certifications, sustainability standards, and labor practices, which are crucial for attracting and retaining global buyers.

5. Growth Drivers

Global Textile Demand Growth: Rising disposable incomes globally and increasing population leading to higher demand for textiles and apparel.

"China Plus One" Strategy: Global buyers diversifying their sourcing base away from China, benefiting Indian textile manufacturers.

Capacity Expansion & Modernization: Investments in new machinery and increased production capacity to meet growing demand.

Product Diversification: Expanding into new textile categories or higher-value-added products.

Market Penetration: Entering new export markets or deepening presence in existing ones.

Free Trade Agreements: Favorable trade policies or agreements between India and key importing nations can reduce tariffs and boost competitiveness.

6. Risks

Raw Material Price Volatility: Fluctuations in the prices of cotton or synthetic fibers can impact production costs and margins.

Currency Fluctuations: As an exporter, adverse movements in foreign exchange rates can affect revenues and profitability.

Global Economic Slowdown: Reduced consumer spending in key export markets can lead to lower demand for textile products.

Intense Competition: Competition from other low-cost manufacturing countries (e.g., Bangladesh, Vietnam) and domestic players can exert pressure on pricing.

Trade Barriers & Protectionism: Changes in international trade policies, tariffs, or non-tariff barriers can impact export volumes.

Fashion and Trend Changes: Rapid shifts in global fashion trends can lead to inventory obsolescence if not managed effectively.

Labor Relations & Costs: Labor disputes or significant increases in labor costs can impact operational efficiency and profitability.

7. Management & Ownership

Zenith Exports Ltd., typical of many Indian listed companies, is likely promoted by a founding family or group with significant ownership (promoter holding). The management team usually comprises experienced professionals, often including members of the promoter family, who have deep industry knowledge and long-standing relationships within the textile sector. The ownership structure would typically include promoter holding, institutional investors (domestic and foreign), and public shareholding. The quality of management is critical for navigating the complexities of the global textile market.

8. Outlook

Zenith Exports Ltd. operates in a dynamic but essential global industry. The company stands to benefit from India's inherent strengths as a textile manufacturing hub and the ongoing diversification of global supply chains. However, its performance is closely tied to global economic health, raw material price stability, and international trade policies. While potential for growth exists through capacity expansion and market penetration, the company faces inherent risks from intense competition, currency volatility, and evolving consumer preferences. A balanced outlook suggests that while opportunities for growth exist, the company must effectively manage operational efficiencies, supply chain risks, and adapt to changing market demands to sustain profitability in the long term.

Zenith Exports Share Price

Live · BSE / NSE · Inception: 1981
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Zenith Exports Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 22 18 20 17 16 19 21 18 20 14
Other Income 1 1 1 1 1 1 1 1 1 1
Total Income 23 19 21 17 17 20 22 19 21 15
Total Expenditure 22 19 21 17 19 18 22 17 19 14
Operating Profit 1 0 0 1 -2 1 -0 2 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 4 0 0 0
Profit Before Tax 1 -0 -0 0 -3 1 4 2 1 0
Provision for Tax 0 -0 -0 0 -1 0 1 1 0 0
Profit After Tax 1 -0 -0 0 -2 1 3 1 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 -0 -0 0 -2 1 3 1 1 0
Adjusted Earnings Per Share 1 -0.4 -0.8 0.3 -3.9 1.2 5.6 2.6 1.6 0.3

Zenith Exports Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 266 243 129 110 99 83 51 91 62 82 72 73
Other Income 6 5 5 6 2 6 4 3 5 4 4 4
Total Income 273 247 133 115 100 89 55 94 67 86 76 77
Total Expenditure 262 240 134 114 101 87 53 90 62 83 76 72
Operating Profit 11 7 -0 1 -1 1 2 4 4 3 -0 4
Interest 7 3 1 1 2 1 1 1 1 1 1 0
Depreciation 5 3 2 2 2 2 2 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 -6 0 -0 0 0 0 4 4
Profit Before Tax -0 0 -3 -2 -10 -2 -2 1 2 1 2 7
Provision for Tax -0 -0 -1 0 -2 -0 -0 0 0 0 1 2
Profit After Tax 0 0 -2 -2 -8 -1 -1 1 2 0 2 5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 -2 -2 -8 -1 -1 1 2 0 2 5
Adjusted Earnings Per Share 0.2 0.3 -3.8 -4.3 -14.6 -2.7 -2.4 1.9 2.9 0.6 3.2 10.1

Zenith Exports Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 92 92 90 88 80 79 77 78 80 80 82
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2 1 0 1 -2 -2 -4 -3 -3 -2 -1
Total Current Liabilities 42 26 17 20 25 18 17 22 19 14 17
Total Liabilities 136 119 108 109 103 94 91 97 95 92 97
Fixed Assets 29 23 21 18 16 15 13 12 10 9 11
Other Non-Current Assets 8 5 13 24 5 6 5 2 13 8 7
Total Current Assets 99 92 74 67 82 74 73 82 72 75 79
Total Assets 136 119 108 109 103 94 91 97 95 92 97

Zenith Exports Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 6 3 4 7 7 3 4 6 8 7 12
Cash Flow from Operating Activities 7 19 12 8 -9 17 3 -15 19 -7 -3
Cash Flow from Investing Activities 0 4 -3 -12 16 -10 1 11 -16 17 -4
Cash Flow from Financing Activities -10 -21 -6 4 0 -6 -2 5 -5 -5 1
Net Cash Inflow / Outflow -2 1 3 -0 7 1 2 2 -1 6 -6
Closing Cash & Cash Equivalent 3 5 7 7 14 4 6 8 7 12 7

Zenith Exports Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.16 0.29 -3.79 -4.33 -14.58 -2.65 -2.4 1.87 2.92 0.56 3.17
CEPS(Rs) 8.6 6.76 -0.57 -1.17 -11.57 0.48 0.64 4.25 5.34 2.44 4.69
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 170.14 170.43 166.56 163.37 148.72 145.82 143.02 144.84 147.75 148.72 151.9
Core EBITDA Margin(%) 1.72 0.87 -4.07 -4.51 -2.62 -5.21 -4.34 0.42 -0.23 -1.14 -5.83
EBIT Margin(%) 2.43 1.36 -1.65 -0.87 -8.23 -0.45 -0.64 2.84 4.93 2.33 4.9
Pre Tax Margin(%) -0.08 0.01 -2.28 -2.12 -9.91 -2.08 -3.16 1.49 3.21 0.81 3.34
PAT Margin (%) 0.03 0.06 -1.59 -2.13 -7.98 -1.73 -2.56 1.11 2.53 0.37 2.38
Cash Profit Margin (%) 1.74 1.5 -0.24 -0.58 -6.33 0.31 0.68 2.53 4.63 1.61 3.51
ROA(%) 0.06 0.12 -1.8 -2.16 -7.45 -1.45 -1.4 1.08 1.64 0.32 1.81
ROE(%) 0.09 0.17 -2.25 -2.63 -9.35 -1.8 -1.66 1.3 2 0.38 2.11
ROCE(%) 5.07 2.9 -2.11 -0.97 -8.42 -0.41 -0.38 2.91 3.39 2.18 4.03
Receivable days 26.15 42.09 80.42 65.13 56.54 58.93 81.03 46.81 67.58 52.78 80.91
Inventory Days 88.93 78.75 110.73 113.85 143.61 156.94 199.42 136.72 197.72 124.13 131.08
Payable days 14.44 10.4 25.94 24.51 29.82 41.54 81.87 35.58 58.36 43.47 47.19
PER(x) 404.14 150.34 0 0 0 0 0 51.29 28.46 300.77 67.07
Price/Book(x) 0.37 0.26 0.22 0.28 0.33 0.24 0.48 0.66 0.56 1.14 1.4
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.23 0.13 0.15 0.27 0.26 0.01 0.31 0.48 0.41 0.88 1.3
EV/Core EBITDA(x) 5.67 4.66 -49.38 39.53 -26.46 0.88 8.87 11.24 5.9 24.52 -730.1
Net Sales Growth(%) -15.55 -8.99 -46.97 -14.84 -9.98 -15.95 -38.81 78.57 -31.24 31.23 -11.74
EBIT Growth(%) -37.12 -48.97 -164.26 55.05 -749.23 95.43 12.74 893.09 19.47 -37.99 85.6
PAT Growth(%) -94.92 85.83 -1398.86 -14.37 -236.57 81.82 9.32 177.61 56.71 -80.78 464.97
EPS Growth(%) -94.92 85.78 -1398.86 -14.37 -236.57 81.82 9.32 177.61 56.72 -80.78 464.94
Debt/Equity(x) 0.34 0.14 0.08 0.13 0.16 0.11 0.1 0.18 0.12 0.07 0.09
Current Ratio(x) 2.35 3.5 4.21 3.37 3.3 4.14 4.3 3.81 3.88 5.52 4.74
Quick Ratio(x) 0.92 1.87 2.34 1.87 1.77 2.72 2.77 2 2.48 3.47 3.43
Interest Cover(x) 0.97 1.01 -2.64 -0.7 -4.93 -0.27 -0.25 2.11 2.87 1.53 3.14
Total Debt/Mcap(x) 0.92 0.53 0.35 0.45 0.49 0.44 0.21 0.27 0.21 0.06 0.07

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -12% -8% -3% -12%
Operating Profit CAGR -100% -100% -100% -100%
PAT CAGR +26%
Share Price CAGR -17% +35% +16% +18%
ROE Average +2% +2% +1% -1%
ROCE Average +4% +3% +2% +1%

Zenith Exports Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 45.54 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 54.46 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.7545.5445.5445.5445.5445.5445.5445.5445.5445.54
FII 0000000000
DII 0000000000
Public 48.2554.4654.4654.4654.4654.4654.4654.4654.4654.46
Others 0000000000
Total 100100100100100100100100100100

Zenith Exports Peer Comparison

Zenith Exports Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Zenith Exports Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 45.54%.
  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 43.47 to 47.19days.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp