Zenith Fibres Ltd - Stock Valuation and Financial Performance

BSE: 514266 | NSE: | Textile - Manmade Fibres | Small Cap

Zenith Fibres Share Price

78.40 -1.68 -2.10%
as on 20-Dec'24 16:59

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Zenith Fibres stock performance -

mw4me loader
P/E Ratio (SA):
16.12
Market Cap:
30.9 Cr.
52-wk low:
64
52-wk high:
117

Is Zenith Fibres Ltd an attractive stock to invest in?

1. Is Zenith Fibres Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zenith Fibres Ltd is a average quality company.

2. Is Zenith Fibres Ltd undervalued or overvalued?

The key valuation ratios of Zenith Fibres Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Zenith Fibres Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zenith Fibres Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Zenith Fibres:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zenith Fibres Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 27.5%35.9%21.8%10.3%5.4%5.6%2.2%7.5%7.4%3.3%-
Value Creation
Index
1.01.60.6-0.3-0.6-0.6-0.9-0.5-0.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 66.963.852.536.229.828.423.952.450.234.342
Sales YoY Gr.--4.6%-17.8%-31%-17.6%-4.9%-15.7%118.8%-4.2%-31.7%-
Adj EPS 12.818.712.75.56.34.71.77.26.32.94.9
YoY Gr.-46.4%-31.9%-56.8%14.4%-25.9%-64.2%329.9%-13%-53.9%-
BVPS (₹) 74.191.2104.6109.1112.5123.1124.7131.8137.4139.5142.6
Adj Net
Profit
5.78.35.62.42.81.80.72.82.51.12
Cash Flow from Ops. 7.693.94.41.8-1.31.701.81-
Debt/CF from Ops. 0.10.100000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -7.2%2.8%12.7%-31.7%
Adj EPS -15.3%-14.5%19.9%-53.9%
BVPS7.3%4.4%3.8%1.5%
Share Price 4.2% 10.9% 13.5% 7.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.122.4135.25.73.71.45.64.62.13.5
Op. Profit
Mgn %
10.517.714.37.98.75.7-0.26.14.7-0.7-0.3
Net Profit
Mgn %
8.41310.76.79.36.52.85.44.93.34.6
Debt to
Equity
00000000000
Working Cap
Days
756584121152233327172207301162
Cash Conv.
Cycle
51415072646887434762151

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.73%

Net Profit is growing at healthy rate in last 3 years 19.92%

Sales growth is good in last 4 quarters at 22.75%

Return on Equity has declined versus last 3 years average to 3.40%

Latest Financials - Zenith Fibres Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 -
TTM Sales (₹ Cr.) 41.7 -
BVPS (₹.) 142.6 -
Reserves (₹ Cr.) 52 -
P/BV 0.55 -
PE 16.12 -
From the Market
52 Week Low / High (₹) 64.00 / 116.99
All Time Low / High (₹) 0.20 / 227.35
Market Cap (₹ Cr.) 30.9
Equity (₹ Cr.) 3.9
Face Value (₹) 10
Industry PE 24.6

Management X-Ray of Zenith Fibres:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Zenith Fibres

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales66.8963.8352.4736.2129.8428.3723.9352.3550.1534.28
Operating Expenses 59.8952.6444.9433.4229.1526.7523.9849.2347.9834.59
Manufacturing Costs7.177.536.275.262.273.842.603.844.723.44
Material Costs46.9638.8931.9421.2518.5716.8616.0336.5933.5522.06
Employee Cost 2.923.173.814.284.473.613.124.314.794.99
Other Costs 2.843.052.922.633.842.442.234.494.924.10
Operating Profit 711.197.532.790.691.62-0.053.112.17-0.31
Operating Profit Margin (%) 10.5%17.5%14.3%7.7%2.3%5.7%-0.2%5.9%4.3%-0.9%
Other Income 2.952.972.572.642.5422.061.662.642.91
Interest 0.270.270.200.100.050.120.130.110.100.05
Depreciation 0.810.720.620.550.600.890.950.960.890.81
Exceptional Items 0000000000
Profit Before Tax 8.8713.179.274.782.592.610.933.703.821.73
Tax 2.964.683.141.580.400.630.250.910.990.42
Profit After Tax 5.918.496.133.192.191.980.692.802.841.32
PAT Margin (%) 8.8%13.3%11.7%8.8%7.3%7.0%2.9%5.3%5.7%3.8%
Adjusted EPS (₹)13.419.213.97.25.05.01.77.17.23.3
Dividend Payout Ratio (%)19%16%14%21%20%0%0%21%21%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 33.4240.3246.2448.2349.7648.5749.1651.9954.2055
Share Capital 5.094.424.424.424.423.943.943.943.943.94
Reserves 28.3335.8941.8243.8145.3444.6245.2248.0550.2551.06
Minority Interest0000000000
Debt0.460.1600000000
Long Term Debt0.460.1600000000
Short Term Debt0000000000
Trade Payables0.770.871.190.130.280.300.200.870.641.22
Others Liabilities 3.544.532.512.742.223.503.524.383.193.32
Total Liabilities 38.1945.8849.9451.1152.2652.3752.8957.2358.0359.54

Fixed Assets

Gross Block20.3319.285.267.257.3515.6115.6016.1916.3616.95
Accumulated Depreciation14.6114.310.581.111.621.822.773.644.475.28
Net Fixed Assets5.724.974.686.145.7213.7912.8412.5611.8911.67
CWIP 0000000000
Investments 11.4217.8919.5515.063.833.652.2321.64
Inventories4.854.564.105.143.763.943.373.524.385.61
Trade Receivables4.473.875.501.240.792.771.814.831.671.96
Cash Equivalents 18.8227.6313.1715.1316.9213.0615.2014.4115.2118.32
Others Assets3.343.424.593.901014.9816.0319.6822.8820.35
Total Assets 38.1945.8849.9451.1152.2652.3752.8957.2358.0359.54

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 7.628.963.864.391.79-1.341.69-0.011.810.99
PBT 8.2413.179.274.782.592.610.933.703.821.73
Adjustment -0.74-1.43-1.93-2.10-1.91-1.01-0.96-0.61-0.89-1.70
Changes in Working Capital 3.21.490.143.011.77-2.511.87-2.47-0.271.34
Tax Paid -3.08-4.28-3.63-1.29-0.65-0.44-0.15-0.63-0.85-0.38
Cash Flow From Investing Activity 0.781.54-16.22-1.100.850.820.71-0.53-0.182.93
Capex -0.45-0.05-0.32-2.08-0.18-8.13-0.05-0.70-0.16-0.59
Net Investments 0-0.42-17.75-0.60-0.477.140.461.380.160.32
Others 1.232.011.851.591.501.810.30-1.22-0.173.21
Cash Flow From Financing Activity -3.49-1.68-2.10-1.33-0.85-3.32-0.22-0.22-0.81-0.78
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.09-0.07-0.20-0.10-0.05-0.12-0.13-0.11-0.10-0.05
Dividend Paid -0.77-1.31-1.60-1.06-0.80-0.4800-0.59-0.59
Others -2.63-0.30-0.30-0.160-2.72-0.10-0.11-0.12-0.14
Net Cash Flow 4.918.82-14.461.961.79-3.842.17-0.760.823.15
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)19.3523.2414.176.764.464.021.45.535.352.41
ROCE (%)27.4735.8621.7510.325.395.562.167.537.393.27
Asset Turnover Ratio1.91.641.180.730.580.540.450.950.870.59
PAT to CFO Conversion(x)1.291.060.631.380.82-0.682.45-00.640.75
Working Capital Days
Receivable Days30223033122335232419
Inventory Days25252846544956242953
Payable Days6812114665815

Zenith Fibres Ltd Stock News

Zenith Fibres Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zenith Fibres on 20-Dec-2024 16:59 is ₹78.40.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Zenith Fibres stood at ₹30.92.
The latest P/E ratio of Zenith Fibres as of 20-Dec-2024 16:59 is 16.12.
The latest P/B ratio of Zenith Fibres as of 20-Dec-2024 16:59 is 0.55.
The 52-week high of Zenith Fibres is ₹117.0 and the 52-week low is ₹64.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zenith Fibres is ₹41.70 ( Cr.) .

About Zenith Fibres Ltd

Zenith Fibres incorporated in the year 1989 is the only company in India manufacturing the entire range of Polypropylene Staple Fibre (PPSF). The Company is also trading in Polypropylene Spun Yarn.Zenith Fibres has been promoted by The Rungta Group, a multicrore conglomerate.

The Company is promoted by A.K. Rungta, who is former President of FICCI and International Chamber of Commerce-India. He has also held several key positions in leading organisations at both National & International level. He is a former Director of IIBI and Honourary Consul of South Africa in West Bengal.

The company has set up a plant to manufacture PPSF in village Tundav, near Baroda, India. The plant and technology was imported from Barmag AG, Germany. The company has expanded its capacity of PPSF from August 1996.The plant for expansion was imported from PFE Ltd.UK.

About 60% of PPSF production is presently marketed in the domestic market. Balance 40% of production is exported to countries like Nepal, Malaysia, Saudi Arabia, United Arab Emirates, Italy, Australia, South Africa and Japan. The quality of PPSF is very well accepted in both the domestic and the international markets. Both Barmag and P.F.E. Fibre Lines are capable of producing wide range of PPSF Deniers and cut lengths.

Product range of the company includes:Zenith Fibres Ltd., is the only Company in India manufacturing the entire range of Polypropylene Staple Fibre(PPSF).

PPSF of various shades

  • Woven
  • Non-Woven
  • Knitted
  • Apolon- Apolon is PPSF manufactured by melt spinning of isotactic polypropylene resin.

Now it is also marketing 100% Polypropylene Spun Yarn by spinning 2.5 denier x 51mm length fibres into yarns in English counts 15's/1, 15's/2, 24's/1 and 24's/2.

Achievements/ recognition:

  • The company has an ISO 9001:2000 certification.
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