Zenith Exports Ltd

NSE: ZENITHEXPO BSE: 512553

₹188.92

(4.93%)

Wed, 14 Oct 2026, 10:36 pm

MTF 5xInvest in Zenith Exports Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)101.18

PE Ratio351.54

Dividend0

Consumer Non-Durables

Apparel/Footwear

24.5K

Zenith Exports Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-25.70M	-41.88M	-51.56M	-57.69M	-32.15M	-35.84M	-47.41M	-42.03M	-74.87M	-66.86M	-32.80M	-7.81M	-13.64M	-16.47M	-13.55M	-12.79M	-12.17M	-10.71M	-12.41M	-11.27M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	1.61B	1.80B	1.80B	1.69B	1.52B	1.55B	1.60B	1.65B	1.62B	1.37B	1.21B	1.10B	1.11B	1.08B	992.31M	958.68M	1.02B	1.00B	958.99M	1.01B
Total current assets	957.96M	1.13B	1.15B	1.08B	944.20M	1.02B	997.42M	1.08B	1.10B	985.74M	918.42M	816.76M	666.69M	818.34M	737.29M	730.33M	819.13M	717.78M	749.63M	791.83M
Cash and short term investments	72.53M	26.43M	40.81M	31.19M	32.95M	26.28M	25.44M	24.73M	58.60M	32.69M	46.34M	160.87M	66.85M	138.35M	259.22M	288.12M	221.28M	285.83M	251.94M	287.56M
Cash & equivalents	17.35M	6.59M	20.57M	3.65M	11.05M	5.45M	5.33M	3.52M	56.46M	32.54M	46.20M	120.08M	20.69M	31.67M	40.21M	62.00M	78.28M	65.22M	121.45M	65.14M
Short term investments	55.18M	19.84M	20.25M	27.54M	21.90M	20.83M	20.11M	21.21M	2.15M	148.00K	148.00K	40.79M	46.16M	106.68M	219.01M	226.13M	143.00M	220.60M	130.49M	222.42M
Total receivables, net	262.10M	447.19M	516.47M	495.40M	343.86M	383.75M	276.84M	289.28M	327.63M	309.17M	420.77M	280.54M	214.74M	199.75M	161.92M	129.77M	166.47M	123.03M	184.41M	220.18M
Accounts receivable - trade, net	209.93M	351.26M	344.37M	325.38M	144.77M	155.97M	170.57M	165.00M	166.98M	214.84M	344.50M	222.19M	168.68M	136.78M	130.78M	94.36M	137.89M	92.62M	143.66M	176.02M
Other receivables	52.17M	95.93M	172.10M	170.01M	199.09M	227.78M	106.27M	124.28M	160.65M	94.33M	76.27M	58.35M	46.06M	62.98M	31.14M	35.41M	28.58M	30.40M	40.75M	44.16M
Total inventory	561.33M	583.89M	567.98M	521.13M	549.79M	580.12M	678.46M	760.04M	699.88M	629.59M	444.17M	365.10M	368.48M	458.66M	303.22M	299.57M	416.56M	289.50M	291.79M	262.93M
Other current assets, total	24.16M	20.52M	19.83M	22.97M	12.51M	23.91M	12.60M	1.21M	12.37M	11.42M	4.51M	7.01M	14.62M	18.45M	11.93M	12.17M	13.03M	17.59M	19.27M	19.68M
Total non-current assets	649.40M	677.37M	648.48M	609.65M	574.27M	531.11M	598.05M	566.31M	518.02M	383.18M	291.89M	287.70M	447.31M	257.09M	255.02M	228.35M	196.04M	282.33M	209.37M	217.03M
Long term investments	0	701.00K	4.30M	4.20M	100.00K	100.00K	96.71M	96.97M	86.47M	63.58M	0	0	180.47M	21.40M	28.97M	30.37M	12.34M	124.18M	65.00M	60.09M
Note receivable - long term	—	—	—	—	—	—	96.61M	96.97M	86.47M	63.58M	—	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	—	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	701.00K	4.30M	4.20M	100.00K	100.00K	100.00K	0	0	0	0	0	180.47M	21.40M	28.97M	30.37M	12.34M	124.18M	65.00M	60.09M
Net property/plant/equipment	570.42M	610.64M	593.02M	594.13M	561.07M	523.91M	491.95M	457.66M	408.20M	291.61M	228.89M	206.90M	181.33M	158.40M	148.84M	129.78M	121.23M	102.36M	93.11M	112.98M
Gross property/plant/equipment	1.17B	1.28B	1.32B	1.37B	1.40B	1.43B	1.45B	1.47B	1.48B	1.48B	1.31B	1.22B	1.01B	920.20M	919.95M	909.87M	909.16M	900.72M	896.53M	918.13M
Deferred tax assets	78.99M	66.03M	51.17M	11.32M	13.10M	7.10M	7.63M	7.98M	8.06M	13.85M	17.39M	27.02M	28.34M	47.39M	50.34M	53.40M	49.90M	45.71M	41.34M	34.38M
Net intangible assets	0	0	0	0	—	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Goodwill, net	—	—	—	—	—	0	—	—	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	—	—	—	0	—	—	0	0	0	0	0	—	—	—	—	—	—	—
Other long term assets, total	0	0	0	0	0	0	1.05M	3.15M	14.55M	13.42M	44.94M	53.23M	57.15M	29.90M	26.87M	14.80M	12.68M	10.08M	9.91M	9.58M
Short term debt	357.39M	466.17M	448.51M	363.81M	317.77M	252.15M	360.45M	357.61M	356.61M	316.28M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	137.55M	94.74M	54.72M	77.43M
Current portion of LT debt and capital leases	—	—	—	—	—	—	13.35M	2.88M	511.00K	85.00K	—	—	—	0	0	0	1.77M	0	444.00K	532.00K
Short term debt excl. current portion of LT debt	357.39M	466.17M	448.51M	363.81M	317.77M	252.15M	347.10M	354.73M	356.10M	316.19M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	135.78M	94.74M	54.28M	76.89M
Accounts payable	195.17M	207.56M	234.84M	209.00M	144.16M	241.85M	164.03M	192.32M	170.35M	48.40M	68.27M	61.05M	54.59M	95.49M	60.98M	66.77M	51.90M	59.57M	56.42M	56.40M
Income tax payable	295.00K	0	0	—	—	7.47M	2.00K	2.00K	6.00K	—	—	—	—	—	—	—	—	—	—	—
Long term debt	68.74M	123.90M	90.83M	71.34M	54.83M	28.80M	2.74M	243.00K	84.00K	0	0	0	0	0	0	0	541.00K	0	661.00K	173.00K
Long term debt excl. lease liabilities	67.62M	122.10M	87.50M	69.80M	54.83M	28.80M	2.74M	243.00K	0	0	0	0	0	0	0	0	541.00K	0	661.00K	173.00K
Total equity	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Shareholders' equity	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Common equity, total	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Other common equity	816.87M	837.35M	851.42M	858.98M	842.74M	866.52M	862.55M	868.41M	461.28M	461.28M	461.28M	461.28M	467.04M	482.22M	483.69M	483.69M	483.80M	483.69M	485.99M	486.04M
Total debt	426.12M	590.07M	539.35M	435.15M	372.59M	280.95M	363.19M	357.85M	356.69M	316.28M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	138.09M	94.74M	55.38M	77.60M
Net debt	353.59M	563.64M	498.54M	403.96M	339.64M	254.68M	337.74M	333.12M	298.09M	283.59M	82.47M	-83.99M	48.02M	-8.16M	-176.52M	-210.21M	-83.19M	-191.09M	-196.56M	-209.96M
Change in accounts receivable	-63.94M	-184.92M	-20.28M	22.85M	164.17M	-50.19M	-21.19M	20.42M	-1.98M	-48.81M	-129.67M	123.26M	91.27M	54.79M	40.21M	58.05M	-40.12M	52.25M	-57.13M	-43.78M
Change in taxes payable	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	4.42M	1.99M	41.25M	-27.82M	3.40M	33.65M	6.56M	13.17M	-87.55M	—	—	-24.56M	—	23.29M	-25.65M	-8.07M	-12.49M	11.70M	-6.11M	10.49M
Change in other assets/liabilities	0	0	0	0	0	0	0	0	-30.12M	-37.49M	95.66M	-2.10M	-18.17M	0	0	0	0	0	0	0
Sale of fixed assets & businesses	197.00K	841.00K	719.00K	—	748.00K	990.00K	2.42M	3.47M	916.00K	5.74M	39.89M	12.88M	10.93M	2.09M	10.23M	993.00K	381.00K	17.68M	4.70M	47.93M
Purchase/sale of investments, net	0	-700.00K	-3.60M	649.00K	4.47M	0	0	-1.06M	-890.00K	2.10M	0	-40.38M	-132.20M	147.38M	21.55M	-1.70M	101.46M	-189.41M	152.38M	-85.79M
Sale/maturity of investments	0	—	—	2.60M	4.87M	0	0	2.00M	2.11M	3.60M	0	420.00K	45.98M	147.38M	23.20M	0	105.93M	7.36M	154.65M	10.19M
Purchase of investments	0	-700.00K	-3.60M	-1.95M	-400.00K	0	0	-3.06M	-3.00M	-1.50M	0	-40.80M	-178.17M	0	-1.65M	-1.70M	-4.47M	-196.77M	-2.27M	-95.98M
Other investing cash flow items, total	0	0	0	—	—	0	0	0	0	0	0	0	0	0	-139.90M	-6.82M	0	0	0	0
Issuance/retirement of debt, net	57.35M	175.33M	-54.57M	-91.39M	-146.94M	-26.68M	58.17M	39.83M	30.13M	-39.99M	-189.91M	-58.33M	45.01M	17.22M	-47.48M	-4.79M	60.18M	-43.35M	-39.35M	22.21M
Issuance/retirement of long term debt	5.62M	54.48M	-34.60M	-17.70M	-14.97M	-26.02M	-10.26M	-2.50M	-159.00K	-84.00K	0	0	0	0	0	0	541.00K	-541.00K	661.00K	-488.00K
Issuance/retirement of short term debt	51.72M	120.86M	-19.97M	-73.69M	-131.96M	-656.00K	68.43M	42.33M	30.29M	-39.90M	-189.91M	-58.33M	45.01M	17.22M	-47.48M	-4.79M	59.64M	-42.81M	-40.02M	22.70M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-25.70M	-41.88M	-51.56M	-57.69M	-32.15M	-35.84M	-47.41M	-42.03M	-74.87M	-66.86M	-32.80M	-7.81M	-13.64M	-16.47M	-13.55M	-12.79M	-12.17M	-10.71M	-12.41M	-11.27M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	1.61B	1.80B	1.80B	1.69B	1.52B	1.55B	1.60B	1.65B	1.62B	1.37B	1.21B	1.10B	1.11B	1.08B	992.31M	958.68M	1.02B	1.00B	958.99M	1.01B
Total current assets	957.96M	1.13B	1.15B	1.08B	944.20M	1.02B	997.42M	1.08B	1.10B	985.74M	918.42M	816.76M	666.69M	818.34M	737.29M	730.33M	819.13M	717.78M	749.63M	791.83M
Cash and short term investments	72.53M	26.43M	40.81M	31.19M	32.95M	26.28M	25.44M	24.73M	58.60M	32.69M	46.34M	160.87M	66.85M	138.35M	259.22M	288.12M	221.28M	285.83M	251.94M	287.56M
Cash & equivalents	17.35M	6.59M	20.57M	3.65M	11.05M	5.45M	5.33M	3.52M	56.46M	32.54M	46.20M	120.08M	20.69M	31.67M	40.21M	62.00M	78.28M	65.22M	121.45M	65.14M
Short term investments	55.18M	19.84M	20.25M	27.54M	21.90M	20.83M	20.11M	21.21M	2.15M	148.00K	148.00K	40.79M	46.16M	106.68M	219.01M	226.13M	143.00M	220.60M	130.49M	222.42M
Total receivables, net	262.10M	447.19M	516.47M	495.40M	343.86M	383.75M	276.84M	289.28M	327.63M	309.17M	420.77M	280.54M	214.74M	199.75M	161.92M	129.77M	166.47M	123.03M	184.41M	220.18M
Accounts receivable - trade, net	209.93M	351.26M	344.37M	325.38M	144.77M	155.97M	170.57M	165.00M	166.98M	214.84M	344.50M	222.19M	168.68M	136.78M	130.78M	94.36M	137.89M	92.62M	143.66M	176.02M
Other receivables	52.17M	95.93M	172.10M	170.01M	199.09M	227.78M	106.27M	124.28M	160.65M	94.33M	76.27M	58.35M	46.06M	62.98M	31.14M	35.41M	28.58M	30.40M	40.75M	44.16M
Total inventory	561.33M	583.89M	567.98M	521.13M	549.79M	580.12M	678.46M	760.04M	699.88M	629.59M	444.17M	365.10M	368.48M	458.66M	303.22M	299.57M	416.56M	289.50M	291.79M	262.93M
Other current assets, total	24.16M	20.52M	19.83M	22.97M	12.51M	23.91M	12.60M	1.21M	12.37M	11.42M	4.51M	7.01M	14.62M	18.45M	11.93M	12.17M	13.03M	17.59M	19.27M	19.68M
Total non-current assets	649.40M	677.37M	648.48M	609.65M	574.27M	531.11M	598.05M	566.31M	518.02M	383.18M	291.89M	287.70M	447.31M	257.09M	255.02M	228.35M	196.04M	282.33M	209.37M	217.03M
Long term investments	0	701.00K	4.30M	4.20M	100.00K	100.00K	96.71M	96.97M	86.47M	63.58M	0	0	180.47M	21.40M	28.97M	30.37M	12.34M	124.18M	65.00M	60.09M
Note receivable - long term	—	—	—	—	—	—	96.61M	96.97M	86.47M	63.58M	—	—	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	—	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	701.00K	4.30M	4.20M	100.00K	100.00K	100.00K	0	0	0	0	0	180.47M	21.40M	28.97M	30.37M	12.34M	124.18M	65.00M	60.09M
Net property/plant/equipment	570.42M	610.64M	593.02M	594.13M	561.07M	523.91M	491.95M	457.66M	408.20M	291.61M	228.89M	206.90M	181.33M	158.40M	148.84M	129.78M	121.23M	102.36M	93.11M	112.98M
Gross property/plant/equipment	1.17B	1.28B	1.32B	1.37B	1.40B	1.43B	1.45B	1.47B	1.48B	1.48B	1.31B	1.22B	1.01B	920.20M	919.95M	909.87M	909.16M	900.72M	896.53M	918.13M
Deferred tax assets	78.99M	66.03M	51.17M	11.32M	13.10M	7.10M	7.63M	7.98M	8.06M	13.85M	17.39M	27.02M	28.34M	47.39M	50.34M	53.40M	49.90M	45.71M	41.34M	34.38M
Net intangible assets	0	0	0	0	—	0	0	0	0	0	0	0	0	—	—	—	—	—	—	—
Goodwill, net	—	—	—	—	—	0	—	—	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	—	—	—	0	—	—	0	0	0	0	0	—	—	—	—	—	—	—
Other long term assets, total	0	0	0	0	0	0	1.05M	3.15M	14.55M	13.42M	44.94M	53.23M	57.15M	29.90M	26.87M	14.80M	12.68M	10.08M	9.91M	9.58M
Short term debt	357.39M	466.17M	448.51M	363.81M	317.77M	252.15M	360.45M	357.61M	356.61M	316.28M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	137.55M	94.74M	54.72M	77.43M
Current portion of LT debt and capital leases	—	—	—	—	—	—	13.35M	2.88M	511.00K	85.00K	—	—	—	0	0	0	1.77M	0	444.00K	532.00K
Short term debt excl. current portion of LT debt	357.39M	466.17M	448.51M	363.81M	317.77M	252.15M	347.10M	354.73M	356.10M	316.19M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	135.78M	94.74M	54.28M	76.89M
Accounts payable	195.17M	207.56M	234.84M	209.00M	144.16M	241.85M	164.03M	192.32M	170.35M	48.40M	68.27M	61.05M	54.59M	95.49M	60.98M	66.77M	51.90M	59.57M	56.42M	56.40M
Income tax payable	295.00K	0	0	—	—	7.47M	2.00K	2.00K	6.00K	—	—	—	—	—	—	—	—	—	—	—
Long term debt	68.74M	123.90M	90.83M	71.34M	54.83M	28.80M	2.74M	243.00K	84.00K	0	0	0	0	0	0	0	541.00K	0	661.00K	173.00K
Long term debt excl. lease liabilities	67.62M	122.10M	87.50M	69.80M	54.83M	28.80M	2.74M	243.00K	0	0	0	0	0	0	0	0	541.00K	0	661.00K	173.00K
Total equity	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Shareholders' equity	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Common equity, total	898.57M	919.05M	933.12M	940.68M	924.44M	948.22M	944.25M	950.11M	944.36M	893.19M	894.77M	874.00M	856.71M	800.04M	784.41M	769.28M	779.11M	794.78M	800.05M	817.21M
Other common equity	816.87M	837.35M	851.42M	858.98M	842.74M	866.52M	862.55M	868.41M	461.28M	461.28M	461.28M	461.28M	467.04M	482.22M	483.69M	483.69M	483.80M	483.69M	485.99M	486.04M
Total debt	426.12M	590.07M	539.35M	435.15M	372.59M	280.95M	363.19M	357.85M	356.69M	316.28M	128.81M	76.88M	114.87M	130.18M	82.70M	77.91M	138.09M	94.74M	55.38M	77.60M
Net debt	353.59M	563.64M	498.54M	403.96M	339.64M	254.68M	337.74M	333.12M	298.09M	283.59M	82.47M	-83.99M	48.02M	-8.16M	-176.52M	-210.21M	-83.19M	-191.09M	-196.56M	-209.96M
Change in accounts receivable	-63.94M	-184.92M	-20.28M	22.85M	164.17M	-50.19M	-21.19M	20.42M	-1.98M	-48.81M	-129.67M	123.26M	91.27M	54.79M	40.21M	58.05M	-40.12M	52.25M	-57.13M	-43.78M
Change in taxes payable	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	4.42M	1.99M	41.25M	-27.82M	3.40M	33.65M	6.56M	13.17M	-87.55M	—	—	-24.56M	—	23.29M	-25.65M	-8.07M	-12.49M	11.70M	-6.11M	10.49M
Change in other assets/liabilities	0	0	0	0	0	0	0	0	-30.12M	-37.49M	95.66M	-2.10M	-18.17M	0	0	0	0	0	0	0
Sale of fixed assets & businesses	197.00K	841.00K	719.00K	—	748.00K	990.00K	2.42M	3.47M	916.00K	5.74M	39.89M	12.88M	10.93M	2.09M	10.23M	993.00K	381.00K	17.68M	4.70M	47.93M
Purchase/sale of investments, net	0	-700.00K	-3.60M	649.00K	4.47M	0	0	-1.06M	-890.00K	2.10M	0	-40.38M	-132.20M	147.38M	21.55M	-1.70M	101.46M	-189.41M	152.38M	-85.79M
Sale/maturity of investments	0	—	—	2.60M	4.87M	0	0	2.00M	2.11M	3.60M	0	420.00K	45.98M	147.38M	23.20M	0	105.93M	7.36M	154.65M	10.19M
Purchase of investments	0	-700.00K	-3.60M	-1.95M	-400.00K	0	0	-3.06M	-3.00M	-1.50M	0	-40.80M	-178.17M	0	-1.65M	-1.70M	-4.47M	-196.77M	-2.27M	-95.98M
Other investing cash flow items, total	0	0	0	—	—	0	0	0	0	0	0	0	0	0	-139.90M	-6.82M	0	0	0	0
Issuance/retirement of debt, net	57.35M	175.33M	-54.57M	-91.39M	-146.94M	-26.68M	58.17M	39.83M	30.13M	-39.99M	-189.91M	-58.33M	45.01M	17.22M	-47.48M	-4.79M	60.18M	-43.35M	-39.35M	22.21M
Issuance/retirement of long term debt	5.62M	54.48M	-34.60M	-17.70M	-14.97M	-26.02M	-10.26M	-2.50M	-159.00K	-84.00K	0	0	0	0	0	0	541.00K	-541.00K	661.00K	-488.00K
Issuance/retirement of short term debt	51.72M	120.86M	-19.97M	-73.69M	-131.96M	-656.00K	68.43M	42.33M	30.29M	-39.90M	-189.91M	-58.33M	45.01M	17.22M	-47.48M	-4.79M	59.64M	-42.81M	-40.02M	22.70M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	0	0	0	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0