ZENITHEXPO

Zenith Exports Limited

Textiles and leather products manufacturer with silk fabrics, gloves and yarn

Consumer Discretionary›Consumer Durables›Consumer Durables›Leather And Leather Products

zenithexportsltd.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹198.89
Market cap
108 Cr
Stock P/E
370.7
P/B
1.28
ROE (FY26)
2.7%
ROCE (FY26)
4.6%
Operating margin (FY26)
-0.9%
Debt / equity (FY26)
0.03

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Zenith Exports makes silk fabrics and made-ups, industrial leather hand gloves and yarn from Kolkata, reporting four segments: Silk Fabrics/Made-ups, Industrial Leather Hand Gloves/Made-ups, EOU (export oriented unit) - Silk Fabrics, and Yarn (August 2026 results filing).

Company snapshot

6thBy market cap

Ranked among 7 companies in Leather And Leather Products.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 68.2% of revenue

SegmentRevenue shareRevenuePBTAssets
EOU-Silk Fabrics
14.1%
7 Cr-4 Cr—
Industrial Leather Hand Gloves/ Made-ups
68.2%
35 Cr0.38 Cr—
Silk Fabrics/Made-ups
17.8%
9 Cr3 Cr—
Yarn—0 Cr-0.19 Cr—

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
Concerns
  • ✗Interest coverage of -0.9x — earnings barely cover interest payments, which is a warning sign.
1 more signal from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales22 Cr18 Cr20 Cr17 Cr16 Cr19 Cr21 Cr18 Cr20 Cr14 Cr13 Cr13 Cr
Operating expenses (approx.)22 Cr19 Cr21 Cr17 Cr19 Cr18 Cr22 Cr17 Cr19 Cr14 Cr14 Cr15 Cr
EBITDA0.44 Cr-0.87 Cr-1 Cr-0.20 Cr-3 Cr0.33 Cr-1 Cr1 Cr0.20 Cr-0.22 Cr-1 Cr-1 Cr
OPM %2.0%-4.7%-6.0%-1.2%-21.0%1.8%-5.9%7.2%1.0%-1.6%-8.7%-9.9%
Other income0.89 Cr1 Cr1 Cr0.84 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.87 Cr1 Cr0.80 Cr
Interest0.29 Cr0.17 Cr0.18 Cr0.21 Cr0.24 Cr0.21 Cr0.18 Cr0.22 Cr0.16 Cr0.16 Cr0.14 Cr0.10 Cr
Depreciation0.25 Cr0.25 Cr0.28 Cr0.21 Cr0.19 Cr0.21 Cr0.21 Cr0.16 Cr0.15 Cr0.17 Cr0.23 Cr0.15 Cr
Profit before tax0.79 Cr-0.24 Cr-0.46 Cr0.22 Cr-3 Cr0.91 Cr4 Cr2 Cr1 Cr0.32 Cr-0.09 Cr-0.79 Cr
Tax %32.9%16.7%8.7%36.4%23.4%26.4%25.2%27.5%22.9%46.9%-33.3%24.1%
Net profit0.53 Cr-0.20 Cr-0.42 Cr0.14 Cr-2 Cr0.67 Cr3 Cr1 Cr0.84 Cr0.17 Cr-0.12 Cr-0.60 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales129 Cr110 Cr99 Cr83 Cr51 Cr91 Cr62 Cr82 Cr72 Cr65 CrSign in free for the trailing twelve months
Operating expenses (approx.)134 Cr109 Cr102 Cr88 Cr53 Cr91 Cr63 Cr83 Cr77 Cr65 CrSign in free for the trailing twelve months
EBITDA-5 Cr0.33 Cr-3 Cr-5 Cr-2 Cr0.04 Cr-0.51 Cr-1 Cr-4 Cr0.13 CrSign in free for the trailing twelve months
OPM %-4.1%0.3%-3.0%-5.6%-4.8%0.0%-0.8%-1.5%-6.2%0.2%Sign in free for the trailing twelve months
Other income4 Cr1 Cr2 Cr6 Cr4 Cr3 Cr4 Cr4 Cr4 Cr5 CrSign in free for the trailing twelve months
Interest0.28 Cr0.86 Cr1 Cr1 Cr1 Cr0.88 Cr0.65 Cr0.90 Cr0.84 Cr0.68 CrSign in free for the trailing twelve months
Depreciation1 Cr1 Cr2 Cr2 Cr2 Cr1 Cr1 Cr1 Cr0.82 Cr0.71 CrSign in free for the trailing twelve months
Profit before tax-2 Cr-2 Cr-10 Cr-2 Cr-2 Cr1 Cr2 Cr0.66 Cr2 Cr3 CrSign in free for the trailing twelve months
Tax %27.4%-0.5%19.4%15.7%19.4%25.2%21.0%54.5%28.7%29.5%Sign in free for the trailing twelve months
Net profit-2 Cr-2 Cr-8 Cr-2 Cr-1 Cr1 Cr2 Cr0.30 Cr2 Cr2 CrSign in free for the trailing twelve months
EPS (₹)₹-3.85₹3.48₹-14.57₹-2.90₹-2.40₹1.87₹2.92₹0.56₹3.17₹4.24Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr
Reserves84 Cr83 Cr75 Cr73 Cr72 Cr73 Cr74 Cr75 Cr77 Cr79 Cr
Borrowings7 Cr11 Cr13 Cr8 Cr8 Cr14 Cr9 Cr6 Cr8 Cr2 Cr
Other liabilities14 Cr12 Cr14 Cr12 Cr11 Cr10 Cr11 Cr10 Cr11 Cr12 Cr
Total liabilities110 Cr111 Cr108 Cr99 Cr96 Cr102 Cr100 Cr96 Cr101 Cr98 Cr
Fixed assets (net)21 Cr18 Cr16 Cr15 Cr13 Cr12 Cr10 Cr9 Cr11 Cr9 Cr
CWIP——0 Cr0 Cr0 Cr—0 Cr0.05 Cr0 Cr0 Cr
Investments4 Cr18 Cr2 Cr0 Cr0.17 Cr0.54 Cr0.85 Cr1 Cr2 Cr15 Cr
Inventories35 Cr34 Cr44 Cr27 Cr28 Cr40 Cr28 Cr28 Cr24 Cr26 Cr
Trade receivables22 Cr17 Cr14 Cr13 Cr9 Cr14 Cr9 Cr14 Cr18 Cr15 Cr
Cash & bank1 Cr2 Cr3 Cr4 Cr6 Cr8 Cr7 Cr12 Cr7 Cr6 Cr
Other assets28 Cr23 Cr29 Cr40 Cr39 Cr28 Cr46 Cr31 Cr40 Cr27 Cr
Total assets110 Cr111 Cr108 Cr99 Cr96 Cr102 Cr100 Cr96 Cr101 Cr98 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr8 Cr-9 Cr14 Cr4 Cr-15 Cr19 Cr-7 Cr-3 Cr5 Cr
Cash from investing-3 Cr-12 Cr16 Cr4 Cr1 Cr11 Cr-16 Cr17 Cr-4 Cr0.50 Cr
Cash from financing-6 Cr4 Cr0.40 Cr-6 Cr-3 Cr5 Cr-5 Cr-5 Cr1 Cr-6 Cr
Net cash flow3 Cr-0.39 Cr7 Cr12 Cr2 Cr2 Cr-1 Cr6 Cr-6 Cr-0.42 Cr
Free cash flow (OCF − Capex)11 Cr8 Cr-9 Cr13 Cr4 Cr-15 Cr19 Cr-7 Cr-6 Cr4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-2.3%-1.0%-9.1%-1.0%-0.7%2.4%3.0%1.8%3.6%4.6%
ROE %-2.3%-2.1%-9.8%-2.0%-1.7%1.3%2.0%0.4%2.1%2.7%
Debtor days63565158685554648986
Inventory days154179282264364391335298247356
Days payable27193959875172605872
Cash conversion cycle190216293262345396317302278371
OCF / EBITDA %—n.m.———n.m.———n.m.
Debt / equity0.080.130.160.110.100.180.120.070.090.03
Current ratio4.213.373.304.144.303.813.885.524.745.90
Net debt / EBITDA—————149.25———-30.62