Zenith Exports Ltd.

•

zenithexportsltd.comBSE: 512553NSE: ZENITHEXPO

Market Cap₹ 111 Cr.

Current Price

High / Low₹ 296 / 174

Stock P/E381.5

Book Value₹ 155

Price to Book1.40

Dividend Yield0.00 %

ROCE4.0 %

ROE2.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Industrials Leather Hand Gloves Made-Ups: 70.6% • Silk Fabrics and Made-Ups: 15.3% • Weaving Silk Fabrics: 14.1%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.68x)
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
A large part of profit comes from other income (169.3% of PBT)
Recent results are weak - TTM profit is down 95.5% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 3.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	35350.00	52.17	39428.94	1.56	1928.06	860.21	14204.45	978.91	73.60	20.35
2.	KPRMILL	1109.40	41.56	37920.85	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.80	70.72	19631.96	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	567.35	19.38	16429.14	0.88	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	575.25	37.79	15649.14	0.78	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	582.75	35.14	14159.56	1.33	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	1190.75	35.45	11000.28	0.61	992.34	51.37	15282.61	24.46	22.42	10.72
8.	SWANCORP	296.30	41.54	9287.73	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.05	58.16	8774.80	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	797.15	37.06	7784.04	1.13	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	567.35	60.66	5956.69	0.00	426.47	—	2472.47	—	26.15	30.50
12.	ZENITHEXPO	205.00	381.46	110.62	0.00	-0.60	-142.86	13.49	-24.64	4.03	-9.93

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	21	22	18	20	17	16	19	21	18	20	14	13	13
	21	22	19	21	17	19	18	22	17	19	14	14	15
Operating Profit	0	0	-1	-1	-0	-3	0	-1	1	0	-0	-1	-2
OPM %	1.76%	1.96%	-4.74%	-6.04%	-1.21%	-20.99%	1.78%	-5.94%	7.21%	1.03%	-1.55%	-8.70%	-11.79%
	1	1	1	1	1	1	1	6	1	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	1	1	-0	-0	0	-3	1	4	2	1	0	-0	-1
Tax %	31.58%	32.91%	16.67%	8.70%	36.36%	23.36%	26.37%	25.19%	27.46%	22.94%	46.88%	-33.33%	24.05%
Net Profit	0	1	-0	-0	0	-2	1	3	1	1	0	-0	-1
	0.72	0.98	-0.37	-0.77	0.26	-3.89	1.24	5.55	2.59	1.56	0.31	-0.22	-1.11

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	243	129	110	99	83	51	91	62	82	72	60
	240	134	114	101	87	53	90	62	83	76	63
Operating Profit	2	-5	-5	-3	-4	-2	0	-0	-1	-4	-3
OPM %	0.87%	-4.07%	-4.51%	-2.62%	-5.21%	-4.34%	0.42%	-0.23%	-1.14%	-5.83%	-4.56%
	5	5	6	-4	6	4	3	5	4	9	4
Interest	3	1	1	2	1	1	1	1	1	1	1
Depreciation	3	2	2	2	2	2	1	1	1	1	1
Profit before Tax	0	-3	-2	-10	-2	-2	1	2	1	2	1
Tax %	-424.67%	30.25%	-0.77%	19.42%	17.14%	19.06%	25.60%	21.12%	54.29%	28.85%	45.28%
Net Profit	0	-2	-2	-8	-1	-1	1	2	0	2	0
EPS	0.00	0.00	0.00	0.00	0.00	0.00	1.87	2.92	0.56	3.17	—
Dividend Payout %	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:: -12%
5 Years:: -3%
3 Years:: -7%

COMPOUNDED PROFIT GROWTH

10 Years:: 35%
5 Years:: —
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 19%
3 Years:: 27%
1 Year:: -28%

RETURN ON EQUITY

10 Years:: -1%
5 Years:: 1%
3 Years:: 1%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	5	5	5	5	5	5	5	5
	87	84	83	75	73	72	73	74	75	77
	14	8	14	17	10	9	14	10	6	8
Trade Payables	7	6	4	6	6	7	5	6	6	6
	7	4	3	-0	-0	-2	-1	-1	0	1
Total Liabilities	119	108	109	103	94	91	97	95	92	97
	23	21	18	16	15	13	12	10	9	11
	0	4	18	2	0	0	1	1	1	2
	43	35	34	44	27	28	40	28	28	24
	0	0	0	0	0	0	0	0	14	18
Cash & Bank	5	7	7	14	26	29	22	29	25	29
	48	41	33	27	26	21	22	28	14	14
Total Assets	119	108	109	103	94	91	97	95	92	97

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	19	12	8	-9	17	3	-15	19	-7	-3
Cash from Investing	4	-3	-12	16	-10	1	11	-16	17	-4
Cash from Financing	-21	-6	4	0	-6	-2	5	-5	-5	1
	1	3	-0	7	1	2	2	-1	6	-6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.54	45.54	45.54	45.54	45.54	45.54	45.54	45.54
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	54.46	54.46	54.46	54.46	54.46	54.46	54.46	54.46

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Zenith Exports Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Zenith Exports Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Zenith Exports Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

General Updates

2026-08-13 - Zenith Exports Limited has informed the Exchange about General Updates

2026-08-13

Record Date

2026-08-13 - Zenith Exports Limited has informed the Exchange that Record date for the purpose of ANNUAL GENERAL MEETING is 17-Sep-2026.

2026-08-13

Copy of Newspaper Publication

2026-08-13 - Zenith Exports Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Outcome of Board Meeting

2026-08-12 - Zenith Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-11

General Updates

2026-08-11 - Zenith Exports Limited has informed the Exchange about General Updates

2026-07-04

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-04 - Zenith Exports Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for ZENITHEXPO

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Zenith Exports Ltd.

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Free 5nance Account

Name

PAGEIND

35350.00

52.17

39428.94

1.56

1928.06

860.21

14204.45

978.91

73.60

20.35

KPRMILL

1109.40

41.56

37920.85

0.45

258.54

21.55

1935.52

14.77

20.16

19.37

WELSPUNLIV

207.80

70.72

19631.96

0.05

162.61

82.09

2795.45

23.66

6.41

11.53

VTL

567.35

19.38

16429.14

0.88

314.56

51.46

2703.08

13.31

8.91

18.11

ARVIND

575.25

37.79

15649.14

0.78

57.77

5.61

2500.96

24.65

15.30

9.64

MANYAVAR

582.75

35.14

14159.56

1.33

66.90

37.31

267.95

22.74

29.45

45.53

PGIL

1190.75

35.45

11000.28

0.61

992.34

51.37

15282.61

24.46

22.42

10.72

SWANCORP

296.30

41.54

9287.73

0.05

-35.99

-233.33

1013.75

-16.44

4.50

-0.38

ICIL

443.05

58.16

8774.80

0.34

63.22

67.28

1206.96

25.89

8.73

11.88

GARFIBRES

797.15

37.06

7784.04

1.13

64.60

21.56

482.37

31.35

20.98

18.70

KUSUMGAR

567.35

60.66

5956.69

0.00

426.47

—

2472.47

—

26.15

30.50

ZENITHEXPO

205.00

381.46

110.62

0.00

-0.60

-142.86

13.49

-24.64

4.03

-9.93

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-1

-0

-3

-1

-0

-1

-2

OPM %

1.76%

1.96%

-4.74%

-6.04%

-1.21%

-20.99%

1.78%

-5.94%

7.21%

1.03%

-1.55%

-8.70%

-11.79%

Interest

Depreciation

Profit before Tax

-0

-3

-0

-1

Tax %

31.58%

32.91%

16.67%

8.70%

36.36%

23.36%

26.37%

25.19%

27.46%

22.94%

46.88%

-33.33%

24.05%

Net Profit

-0

-2

-0

-1

0.72

0.98

-0.37

-0.77

0.26

-3.89

1.24

5.55

2.59

1.56

0.31

-0.22

-1.11

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

243

129

110

240

134

114

101

Operating Profit

-5

-3

-4

-2

-0

-1

-4

-3

OPM %

0.87%

-4.07%

-4.51%

-2.62%

-5.21%

-4.34%

0.42%

-0.23%

-1.14%

-5.83%

-4.56%

-4

Interest

Depreciation

Profit before Tax

-3

-2

-10

-2

Tax %

-424.67%

30.25%

-0.77%

19.42%

17.14%

19.06%

25.60%

21.12%

54.29%

28.85%

45.28%

Net Profit

-2

-8

-1

EPS

0.00

1.87

2.92

0.56

3.17

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

-0

-2

-1

Total Liabilities

119

108

109

103

Cash & Bank

Total Assets

119

108

109

103

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-9

-15

-7

-3

Cash from Investing

-3

-12

-10

-16

-4

Cash from Financing

-21

-6

-2

-5

-0

-1

-6

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

45.54

FIIs

0.00

DIIs

0.00

Government

0.00

54.46

Zenith Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Zenith Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI