BSE: 514266 | NSE: | Textile - Manmade Fibres | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Zenith Fibres Ltd is a average quality company.
The key valuation ratios of Zenith Fibres Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.5% | 35.9% | 21.8% | 10.3% | 5.4% | 5.6% | 2.2% | 7.5% | 7.4% | 3.3% | - |
| Value Creation Index ⓘ | 1.0 | 1.6 | 0.6 | -0.3 | -0.6 | -0.6 | -0.9 | -0.5 | -0.5 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 66.9 | 63.8 | 52.5 | 36.2 | 29.8 | 28.4 | 23.9 | 52.4 | 50.2 | 34.3 | 42 |
| Sales YoY Gr. | - | -4.6% | -17.8% | -31% | -17.6% | -4.9% | -15.7% | 118.8% | -4.2% | -31.7% | - |
| Adj EPS ⓘ | 12.8 | 18.7 | 12.7 | 5.5 | 6.3 | 4.7 | 1.7 | 7.2 | 6.3 | 2.9 | 4.9 |
| YoY Gr. | - | 46.4% | -31.9% | -56.8% | 14.4% | -25.9% | -64.2% | 329.9% | -13% | -53.9% | - |
| BVPS (₹) ⓘ | 74.1 | 91.2 | 104.6 | 109.1 | 112.5 | 123.1 | 124.7 | 131.8 | 137.4 | 139.5 | 142.6 |
| Adj Net Profit ⓘ | 5.7 | 8.3 | 5.6 | 2.4 | 2.8 | 1.8 | 0.7 | 2.8 | 2.5 | 1.1 | 2 |
| Cash Flow from Ops. ⓘ | 7.6 | 9 | 3.9 | 4.4 | 1.8 | -1.3 | 1.7 | 0 | 1.8 | 1 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
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% | ||||
| BVPSⓘ | 7.3% | 4.4% | 3.8% | 1.5% | ||||
| Share Price | 5.8% | 8.5% | 12.6% | 14.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.1 | 22.4 | 13 | 5.2 | 5.7 | 3.7 | 1.4 | 5.6 | 4.6 | 2.1 | 3.5 |
| Op. Profit Mgn % ⓘ | 10.5 | 17.7 | 14.3 | 7.9 | 8.7 | 5.7 | -0.2 | 6.1 | 4.7 | -0.7 | -0.3 |
| Net Profit Mgn % ⓘ | 8.4 | 13 | 10.7 | 6.7 | 9.3 | 6.5 | 2.8 | 5.4 | 4.9 | 3.3 | 4.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 75 | 65 | 84 | 121 | 152 | 233 | 327 | 172 | 207 | 301 | 162 |
| Cash Conv. Cycle ⓘ | 51 | 41 | 50 | 72 | 64 | 68 | 87 | 43 | 47 | 62 | 151 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.9 | - |
| TTM Sales (₹ Cr.) | 41.7 | - |
| BVPS (₹.) ⓘ | 142.6 | - |
| Reserves (₹ Cr.) ⓘ | 52 | - |
| P/BV ⓘ | 0.54 | - |
| PE ⓘ | 15.94 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 64.00 / 116.99 |
| All Time Low / High (₹) | 0.20 / 227.35 |
| Market Cap (₹ Cr.) | 30.6 |
| Equity (₹ Cr.) | 3.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 23.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 66.89 | 63.83 | 52.47 | 36.21 | 29.84 | 28.37 | 23.93 | 52.35 | 50.15 | 34.28 |
| Operating Expenses ⓘ | 59.89 | 52.64 | 44.94 | 33.42 | 29.15 | 26.75 | 23.98 | 49.23 | 47.98 | 34.59 |
| Manufacturing Costs | 7.17 | 7.53 | 6.27 | 5.26 | 2.27 | 3.84 | 2.60 | 3.84 | 4.72 | 3.44 |
| Material Costs | 46.96 | 38.89 | 31.94 | 21.25 | 18.57 | 16.86 | 16.03 | 36.59 | 33.55 | 22.06 |
| Employee Cost | 2.92 | 3.17 | 3.81 | 4.28 | 4.47 | 3.61 | 3.12 | 4.31 | 4.79 | 4.99 |
| Other Costs ⓘ | 2.84 | 3.05 | 2.92 | 2.63 | 3.84 | 2.44 | 2.23 | 4.49 | 4.92 | 4.10 |
| Operating Profit ⓘ | 7 | 11.19 | 7.53 | 2.79 | 0.69 | 1.62 | -0.05 | 3.11 | 2.17 | -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 ⓘ | 2.95 | 2.97 | 2.57 | 2.64 | 2.54 | 2 | 2.06 | 1.66 | 2.64 | 2.91 |
| Interest ⓘ | 0.27 | 0.27 | 0.20 | 0.10 | 0.05 | 0.12 | 0.13 | 0.11 | 0.10 | 0.05 |
| Depreciation ⓘ | 0.81 | 0.72 | 0.62 | 0.55 | 0.60 | 0.89 | 0.95 | 0.96 | 0.89 | 0.81 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8.87 | 13.17 | 9.27 | 4.78 | 2.59 | 2.61 | 0.93 | 3.70 | 3.82 | 1.73 |
| Tax ⓘ | 2.96 | 4.68 | 3.14 | 1.58 | 0.40 | 0.63 | 0.25 | 0.91 | 0.99 | 0.42 |
| Profit After Tax | 5.91 | 8.49 | 6.13 | 3.19 | 2.19 | 1.98 | 0.69 | 2.80 | 2.84 | 1.32 |
| PAT Margin (%) | 8.8% | 13.3% | 11.7% | 8.8% | 7.3% | 7.0% | 2.9% | 5.3% | 5.7% | 3.8% |
| Adjusted EPS (₹) | 13.4 | 19.2 | 13.9 | 7.2 | 5.0 | 5.0 | 1.7 | 7.1 | 7.2 | 3.3 |
| Dividend Payout Ratio (%) | 19% | 16% | 14% | 21% | 20% | 0% | 0% | 21% | 21% | 30% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 33.42 | 40.32 | 46.24 | 48.23 | 49.76 | 48.57 | 49.16 | 51.99 | 54.20 | 55 |
| Share Capital ⓘ | 5.09 | 4.42 | 4.42 | 4.42 | 4.42 | 3.94 | 3.94 | 3.94 | 3.94 | 3.94 |
| Reserves ⓘ | 28.33 | 35.89 | 41.82 | 43.81 | 45.34 | 44.62 | 45.22 | 48.05 | 50.25 | 51.06 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0.46 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0.46 | 0.16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0.77 | 0.87 | 1.19 | 0.13 | 0.28 | 0.30 | 0.20 | 0.87 | 0.64 | 1.22 |
| Others Liabilities ⓘ | 3.54 | 4.53 | 2.51 | 2.74 | 2.22 | 3.50 | 3.52 | 4.38 | 3.19 | 3.32 |
| Total Liabilities ⓘ | 38.19 | 45.88 | 49.94 | 51.11 | 52.26 | 52.37 | 52.89 | 57.23 | 58.03 | 59.54 |
Fixed Assets | ||||||||||
| Gross Block | 20.33 | 19.28 | 5.26 | 7.25 | 7.35 | 15.61 | 15.60 | 16.19 | 16.36 | 16.95 |
| Accumulated Depreciation | 14.61 | 14.31 | 0.58 | 1.11 | 1.62 | 1.82 | 2.77 | 3.64 | 4.47 | 5.28 |
| Net Fixed Assetsⓘ | 5.72 | 4.97 | 4.68 | 6.14 | 5.72 | 13.79 | 12.84 | 12.56 | 11.89 | 11.67 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 1 | 1.42 | 17.89 | 19.55 | 15.06 | 3.83 | 3.65 | 2.23 | 2 | 1.64 |
| Inventories | 4.85 | 4.56 | 4.10 | 5.14 | 3.76 | 3.94 | 3.37 | 3.52 | 4.38 | 5.61 |
| Trade Receivables | 4.47 | 3.87 | 5.50 | 1.24 | 0.79 | 2.77 | 1.81 | 4.83 | 1.67 | 1.96 |
Cash Equivalents  ⓘ
| 18.82 | 27.63 | 13.17 | 15.13 | 16.92 | 13.06 | 15.20 | 14.41 | 15.21 | 18.32 |
| Others Assetsⓘ | 3.34 | 3.42 | 4.59 | 3.90 | 10 | 14.98 | 16.03 | 19.68 | 22.88 | 20.35 |
| Total Assets ⓘ | 38.19 | 45.88 | 49.94 | 51.11 | 52.26 | 52.37 | 52.89 | 57.23 | 58.03 | 59.54 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7.62 | 8.96 | 3.86 | 4.39 | 1.79 | -1.34 | 1.69 | -0.01 | 1.81 | 0.99 |
| PBT ⓘ | 8.24 | 13.17 | 9.27 | 4.78 | 2.59 | 2.61 | 0.93 | 3.70 | 3.82 | 1.73 |
| 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 ⓘ | 3.2 | 1.49 | 0.14 | 3.01 | 1.77 | -2.51 | 1.87 | -2.47 | -0.27 | 1.34 |
| 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 ⓘ | 0.78 | 1.54 | -16.22 | -1.10 | 0.85 | 0.82 | 0.71 | -0.53 | -0.18 | 2.93 |
| 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 | -0.47 | 7.14 | 0.46 | 1.38 | 0.16 | 0.32 |
| Others ⓘ | 1.23 | 2.01 | 1.85 | 1.59 | 1.50 | 1.81 | 0.30 | -1.22 | -0.17 | 3.21 |
| 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 ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -0.48 | 0 | 0 | -0.59 | -0.59 |
| Others ⓘ | -2.63 | -0.30 | -0.30 | -0.16 | 0 | -2.72 | -0.10 | -0.11 | -0.12 | -0.14 |
| Net Cash Flow ⓘ | 4.91 | 8.82 | -14.46 | 1.96 | 1.79 | -3.84 | 2.17 | -0.76 | 0.82 | 3.15 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.35 | 23.24 | 14.17 | 6.76 | 4.46 | 4.02 | 1.4 | 5.53 | 5.35 | 2.41 |
| ROCE (%) | 27.47 | 35.86 | 21.75 | 10.32 | 5.39 | 5.56 | 2.16 | 7.53 | 7.39 | 3.27 |
| Asset Turnover Ratio | 1.9 | 1.64 | 1.18 | 0.73 | 0.58 | 0.54 | 0.45 | 0.95 | 0.87 | 0.59 |
| PAT to CFO Conversion(x) | 1.29 | 1.06 | 0.63 | 1.38 | 0.82 | -0.68 | 2.45 | -0 | 0.64 | 0.75 | Working Capital Days |
| Receivable Days | 30 | 22 | 30 | 33 | 12 | 23 | 35 | 23 | 24 | 19 |
| Inventory Days | 25 | 25 | 28 | 46 | 54 | 49 | 56 | 24 | 29 | 53 |
| Payable Days | 6 | 8 | 12 | 11 | 4 | 6 | 6 | 5 | 8 | 15 |
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
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:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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