Zenith Exports Ltd (ZENITHEXPO) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	22.41	18.37	19.87	16.54	16.10	18.57	20.89	17.90	19.51	14.17	13.10	13.49
Expenses	21.97	19.24	21.07	16.74	19.48	18.24	22.13	16.61	19.31	14.39	14.24	14.83
Operating Profit	0.44	-0.87	-1.20	-0.20	-3.38	0.33	-1.24	1.29	0.20	-0.22	-1.14	-1.34
OPM %	1.96%	-4.74%	-6.04%	-1.21%	-20.99%	1.78%	-5.94%	7.21%	1.03%	-1.55%	-8.70%	-9.93%
Other Income	0.89	1.05	1.20	0.84	1.07	1.00	5.64	1.02	1.20	0.87	1.42	0.80
Interest	0.29	0.17	0.18	0.21	0.24	0.21	0.18	0.22	0.16	0.16	0.14	0.10
Depreciation	0.25	0.25	0.28	0.21	0.19	0.21	0.21	0.16	0.15	0.17	0.23	0.15
Profit before tax	0.79	-0.24	-0.46	0.22	-2.74	0.91	4.01	1.93	1.09	0.32	-0.09	-0.79
Tax %	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	0.53	-0.20	-0.42	0.14	-2.10	0.67	3.00	1.40	0.84	0.17	-0.12	-0.60
EPS in Rs	0.98	-0.37	-0.78	0.26	-3.89	1.24	5.56	2.59	1.56	0.32	-0.22	-1.11

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	242.51	128.61	109.52	98.54	82.82	50.71	90.54	62.25	81.68	71.76	64.33	60.27
Expenses	240.26	133.21	113.84	99.01	87.11	52.90	90.16	62.39	82.57	75.97	63.65	62.77
Operating Profit	2.25	-4.60	-4.32	-0.47	-4.29	-2.19	0.38	-0.14	-0.89	-4.21	0.68	-2.50
OPM %	0.93%	-3.58%	-3.94%	-0.48%	-5.18%	-4.32%	0.42%	-0.22%	-1.09%	-5.87%	1.06%	-4.15%
Other Income	4.55	3.58	5.31	-6.02	5.61	3.51	3.48	4.51	3.81	8.56	4.29	4.29
Interest	3.28	0.31	1.36	1.65	1.36	1.28	1.22	1.07	1.24	1.13	1.01	0.56
Depreciation	3.49	1.42	1.41	1.63	1.69	1.64	1.28	1.30	1.01	0.82	0.71	0.70
Profit before tax	0.03	-2.75	-1.78	-9.77	-1.73	-1.60	1.36	2.00	0.67	2.40	3.25	0.53
Tax %	-400.00%	-24.36%	5.06%	-19.34%	-17.34%	-19.38%	25.74%	21.00%	53.73%	28.75%	29.54%
Net Profit	0.16	-2.08	-1.88	-7.87	-1.43	-1.30	1.01	1.58	0.30	1.71	2.29	0.29
EPS in Rs	0.30	-3.85	-3.48	-14.58	-2.65	-2.41	1.87	2.93	0.56	3.17	4.24	0.55
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	-12%	5%	1%	-18%
Compounded Profit Growth	51%	37%	47%	158%
Stock Price CAGR	15%	18%	23%		-18%
Return on Equity	-1%	0%	0%			3%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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	86.41	86.57	84.48	82.77	74.86	73.29	71.78	72.76	74.33	74.86	76.57	78.72
Borrowings	31.63	12.63	6.80	11.30	13.02	8.27	7.79	13.81	9.47	5.54	7.76	2.11
Other Liabilities	13.45	16.43	13.76	11.93	14.26	12.27	10.80	9.55	10.81	10.10	11.15	11.73
Total Liabilities	136.89	121.03	110.44	111.40	107.54	99.23	95.77	101.52	100.01	95.90	100.88	97.96
Fixed Assets	29.16	22.89	20.69	17.96	15.59	14.88	12.98	12.12	10.24	9.26	11.30	12.08
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00
Investments	0.01	0.01	4.08	17.56	2.00	0.00	0.17	0.54	0.85	1.32	1.51	11.83
Other Assets	107.72	98.13	85.67	75.88	89.95	84.35	82.62	88.86	88.92	85.27	88.07	74.05
Total Assets	136.89	121.03	110.44	111.40	107.54	99.23	95.77	101.52	100.01	95.90	100.88	97.96

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	6.83	19.21	11.67	7.99	-8.87	16.90	2.52	-14.98	19.23	-6.57	-3.03	5.41
Cash from Investing Activity	0.42	3.57	-2.59	-12.03	15.61	-10.30	1.18	11.47	-15.55	17.03	-3.98	0.50
Cash from Financing Activity	-9.64	-21.42	-6.14	3.64	0.40	-5.75	-1.52	5.14	-4.98	-4.84	1.38	-6.33
Net Cash Flow	-2.39	1.37	2.94	-0.39	7.15	0.85	2.18	1.63	-1.31	5.62	-5.63	-0.42
Free Cash Flow	6.58	22.52	12.40	8.73	-9.22	16.66	2.51	-15.40	20.84	-6.89	-5.93	4.43
CFO/OP	173%	867%	-257%	-189%	1,860%	-401%	-131%	-3,895%	-13,857%	710%	65%	828%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	29.42	51.85	63.06	56.22	50.67	57.65	67.16	55.59	54.30	64.21	89.52	86.92
Inventory Days	114.67	90.68	140.77	169.01	269.17	184.97	356.13	238.18	290.24	208.73	200.32	309.13
Days Payable	6.02	13.98	24.79	17.94	37.72	41.33	70.19	31.12	62.40	42.27	47.19	62.09
Cash Conversion Cycle	138.07	128.55	179.05	207.29	282.13	201.29	353.10	262.65	282.13	230.68	242.65	333.97
Working Capital Days	73.01	91.71	139.12	133.94	160.13	132.13	196.00	154.24	144.77	161.68	171.51	211.35
ROCE %	4.81%	2.53%	-1.62%	-0.81%	-0.72%	-1.11%	0.15%	2.89%	2.23%	2.22%	-1.46%	4.97%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	51.75%	51.75%	45.55%	45.55%	45.55%	45.55%	45.55%	45.55%	45.55%	45.55%	45.55%	45.55%
Public	48.25%	48.24%	54.45%	54.45%	54.45%	54.45%	54.46%	54.46%	54.46%	54.46%	54.46%	54.47%
No. of Shareholders	2,144	2,230	2,323	2,590	2,409	2,370	2,445	2,415	2,527	2,466	2,420	2,416

Fundamentals

Market Cap₹ 105 Cr.

Current Price₹ 194

Stock P/E361

Book Value₹ 156

ROCE4.97 %

ROE2.85 %

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)-18%

Compounded Profit Growth (TTM)158%

Standalone figures.

Valuation

Market capRs 110 Cr

Enterprise valueRs 95 Cr

P/E (TTM)377.81x

Price to book1.30x

Price to sales1.82x

EV / EBITDA53.22x

EV / EBIT87.40x

EV / sales1.58x

Price to cash flow20.25x

Earnings yield0.26%

P/E, 3-year average138.52x

P/B, 3-year average1.23x

P/E, 5-year average98.91x

P/B, 5-year average0.98x

Profitability

Operating margin (excl. other income)1.06%

Operating margin (incl. other income)7.73%

EBITDA margin2.97%

Pre-tax margin0.88%

Net profit margin0.48%

Net margin, latest quarter-4.45%

ROE2.76%

ROCE4.84%

ROA2.30%

ROE, 3-year average1.75%

ROCE, 3-year average3.68%

ROA, 3-year average1.45%

ROE, 5-year average1.71%

ROCE, 5-year average3.47%

ROA, 5-year average1.39%

ROIC (approx.)1.10%

Tax rate29.54%

Other income / net worth5.10%

Growth

Sales growth (latest year)-10.35%

Profit growth (latest year)33.92%

Sales CAGR, 3 years1.10%

Sales CAGR, 5 years4.87%

Profit CAGR, 3 years13.17%

Sales growth QoQ2.98%

Sales growth YoY (latest quarter)-24.64%

Profit growth YoY (latest quarter)-142.86%

Per share

EPS (TTM)Rs 0.54

EPS (latest year)Rs 4.24

EPS (latest quarter)Rs -1.11

EPS, 3-year averageRs 2.66

EPS, 5-year averageRs 2.55

Book value per shareRs 155.89

Sales per shareRs 111.69

Cash flow per shareRs 10.03

Free cash flow per shareRs 8.21

Efficiency

Asset turnover0.66x

Fixed asset turnover5.33x

Inventory turnover1.80x

Inventory days203 days

Debtor days87 days

Debtors turnover4.20x

Creditor days62 days

Cash conversion cycle334 days

Working capital days211 days

Leverage

Total debtRs 2 Cr

Cash and bankRs 16 Cr

Net debtRs -14 Cr

Debt to equity0.03x

Net debt / EBITDA-7.99x

Interest coverage1.95x

Owners' fund to total sources85.87%

Debt to assets2.15%

Cash flow

Cash from Operating Activity (latest year)Rs 5 Cr

Cash from Investing Activity (latest year)Rs 0 Cr

Cash from Financing Activity (latest year)Rs -6 Cr

Net Cash Flow (latest year)Rs -0 Cr

Free cash flow (latest year)Rs 4 Cr

FCFE (approx.: FCF + change in debt)Rs -1 Cr

Cash from ops / profit, 5 years0.01x

Sales to cash flow11.89x

Statement figures

Net sales (TTM)Rs 60 Cr

Net sales (latest year)Rs 64 Cr

Sales (latest quarter)Rs 13 Cr

Operating profit excl. other income (latest year)Rs 1 Cr

Operating profit (latest quarter)Rs -1 Cr

Other income (TTM)Rs 4 Cr

EBITDA (TTM)Rs 2 Cr

PBDT (TTM)Rs 1 Cr

Profit before tax (TTM)Rs 1 Cr

Tax (latest year)Rs 1 Cr

Net profit (TTM)Rs 0 Cr

Net profit (latest year)Rs 2 Cr

Net profit (latest quarter)Rs -1 Cr

Depreciation (TTM)Rs 1 Cr

Depreciation (latest quarter)Rs 0 Cr

Interest (TTM)Rs 1 Cr

Cost of goods sold (latest year)Rs 47 Cr

Total expenditure (latest year)Rs 64 Cr

Total income (latest year)Rs 69 Cr

Share capitalRs 5 Cr

ReservesRs 79 Cr

Shareholders' fundsRs 84 Cr

Total assetsRs 98 Cr

Net blockRs 12 Cr

InvestmentsRs 12 Cr

ReceivablesRs 15 Cr

InventoryRs 26 Cr

Other liabilitiesRs 12 Cr

Shares outstanding (crore)0.54

Ownership

Promoter holding45.55% (+0.00 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 377.8 is at the 95th percentile of its own 3.5-year range (median 45.9, low 18.0, high 398.8).

P/B 1.30 is at the 78th percentile (median 0.58).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	ZENITHEXPO	Nifty 50	Difference
1 week	+3.8%	-2.8%	+6.6 pts
1 month	-5.3%	-6.8%	+1.5 pts
3 months	+3.8%	-7.6%	+11.4 pts
6 months	+8.0%	+0.4%	+7.6 pts
1 year	-26.9%	-9.9%	-17.0 pts
2 years	-25.3%	-13.6%	-11.7 pts
3 years	+85.8%	+14.2%	+71.7 pts
5 years	+131.4%	+27.9%	+103.5 pts

Red flags

F-score 7 of 8

explain	Weak cash conversion Cash from operations was -97% of net profit over the last 3 years
look	Profit leans on other income Other income was 132% of pre-tax profit in 2026
look	On NSE surveillance On NSE surveillance: ASM long-term

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹13 Cr -24.6% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2024-09-17	Annual General Meeting
2023-09-20	Annual General Meeting
2023-02-01	Extra Ordinary General Meeting
2022-09-23	Annual General Meeting
2021-09-21	Annual General Meeting
2020-09-21	Annual General Meeting
2019-09-16	Annual General Meeting
2018-09-17	Annual General Meeting
2017-09-07	Annual General Meeting
2016-09-19	Annual General Meeting
2015-09-16	Annual General Meeting
2014-09-18	Annual General Meeting
2013-09-19	Annual General Meeting
2012-09-20	Annual General Meeting
2011-09-20	Annual General Meeting
2010-09-20	Annual General Meeting
2009-09-17	Annual General Meeting
2008-09-17	Annual General Meeting
2007-09-20	Agm
2006-09-21	Agm

Date	Type	What it says
2026-09-25	Shareholder meeting	Voting results.
2026-09-24	Shareholder meeting	Proceedings of Annual General Meeting held on September 24, 2026
2026-09-18	Disclosure under SEBI Takeov	Ruchi Ajitsaria has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial ...
2026-09-02	Shareholder meeting	Notice of Annual General Meeting to be held on September 24, 2026
2026-08-13	General Updates	General Updates
2026-08-13	Record Date	Record date for the purpose of ANNUAL GENERAL MEETING is 17-Sep-2026.
2026-08-12	Board meeting outcome	Zenith Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11	General Updates	General Updates
2026-06-15	Disclosure under SEBI Takeov	Varun Loyalka has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-06-03	Disclosure under SEBI Takeov	Varun Loyalka has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-05-30	Regulatory action	Action(s) initiated or orders passed
2026-05-29	Board meeting outcome	Zenith Exports Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-19	Shareholder meeting	Voting results.
2026-04-17	Price movement	Significant movement in price has been observed in Zenith Exports Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-04-16	Price movement	Significant movement in price has been observed in Zenith Exports Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-04-13	Shareholder meeting	Notice of Postal Ballot
2026-04-08	Board meeting outcome	Outcome of Board Meeting held on April 08, 2026.
2026-03-23	Change in Management	Change in Management
2026-03-23	Appointment	Appointment of Mrs. Rasna Goyal as Non- Executive Independent Director of the company w.e.f. March 23, 2026.
2026-03-23	Board meeting outcome	Outcome of Board Meeting held on March 23, 2026.
2026-03-19	Resignation of Independent d	Resignation of Independent director.
2026-03-19	Change in Management	Change in Management
2026-03-19	Resignation	Resignation of Mr Subhajeet Kar as Independent Director of the company w.e.f. March 19, 2026.
2026-03-06	Change in Management	Change in Management
2026-03-06	Change in Management	Change in Management

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)