Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Zenith Exports
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 12.88 | 14.62 | 21.05 | 22.41 | 18.37 | 19.87 | 16.54 | 16.10 | 18.57 | 20.89 | 17.90 | 19.51 | 14.17 |
| Expenses + | 14.12 | 13.43 | 20.68 | 21.97 | 19.24 | 21.07 | 16.74 | 19.48 | 18.24 | 22.13 | 16.61 | 19.31 | 14.39 |
| Operating Profit | -1.24 | 1.19 | 0.37 | 0.44 | -0.87 | -1.20 | -0.20 | -3.38 | 0.33 | -1.24 | 1.29 | 0.20 | -0.22 |
| OPM % | -9.63% | 8.14% | 1.76% | 1.96% | -4.74% | -6.04% | -1.21% | -20.99% | 1.78% | -5.94% | 7.21% | 1.03% | -1.55% |
| Other Income + | 2.12 | 0.94 | 0.70 | 0.89 | 1.05 | 1.20 | 0.84 | 1.07 | 1.00 | 5.64 | 1.02 | 1.20 | 0.87 |
| Interest | 0.17 | 0.20 | 0.26 | 0.29 | 0.17 | 0.18 | 0.21 | 0.24 | 0.21 | 0.18 | 0.22 | 0.16 | 0.16 |
| Depreciation | 0.33 | 0.32 | 0.24 | 0.25 | 0.25 | 0.28 | 0.21 | 0.19 | 0.21 | 0.21 | 0.16 | 0.15 | 0.17 |
| Profit before tax | 0.38 | 1.61 | 0.57 | 0.79 | -0.24 | -0.46 | 0.22 | -2.74 | 0.91 | 4.01 | 1.93 | 1.09 | 0.32 |
| Tax % | 13.16% | 18.63% | 31.58% | 32.91% | -16.67% | -8.70% | 36.36% | -23.36% | 26.37% | 25.19% | 27.46% | 22.94% | 46.88% |
| Net Profit + | 0.33 | 1.31 | 0.39 | 0.53 | -0.20 | -0.42 | 0.14 | -2.10 | 0.67 | 3.00 | 1.40 | 0.84 | 0.17 |
| EPS in Rs | 0.61 | 2.43 | 0.72 | 0.98 | -0.37 | -0.78 | 0.26 | -3.89 | 1.24 | 5.56 | 2.59 | 1.56 | 0.32 |
Financials of Zenith Exports
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 315.52 | 266.46 | 242.51 | 128.61 | 109.52 | 98.54 | 82.82 | 50.71 | 90.54 | 62.25 | 81.68 | 72.10 | 72.47 |
| Expenses + | 299.94 | 261.81 | 240.26 | 133.21 | 113.84 | 99.01 | 87.11 | 52.90 | 90.16 | 62.39 | 82.57 | 76.31 | 72.44 |
| Operating Profit | 15.58 | 4.65 | 2.25 | -4.60 | -4.32 | -0.47 | -4.29 | -2.19 | 0.38 | -0.14 | -0.89 | -4.21 | 0.03 |
| OPM % | 4.94% | 1.75% | 0.93% | -3.58% | -3.94% | -0.48% | -5.18% | -4.32% | 0.42% | -0.22% | -1.09% | -5.84% | 0.04% |
| Other Income + | 1.20 | 6.40 | 4.55 | 3.58 | 5.31 | -6.02 | 5.61 | 3.51 | 3.48 | 4.51 | 3.81 | 8.56 | 8.73 |
| Interest | 7.49 | 6.69 | 3.28 | 0.31 | 1.36 | 1.65 | 1.36 | 1.28 | 1.22 | 1.07 | 1.24 | 1.13 | 0.72 |
| Depreciation | 6.46 | 4.56 | 3.49 | 1.42 | 1.41 | 1.63 | 1.69 | 1.64 | 1.28 | 1.30 | 1.01 | 0.82 | 0.69 |
| Profit before tax | 2.83 | -0.20 | 0.03 | -2.75 | -1.78 | -9.77 | -1.73 | -1.60 | 1.36 | 2.00 | 0.67 | 2.40 | 7.35 |
| Tax % | 40.99% | -140.00% | -400.00% | -24.36% | 5.06% | -19.34% | -17.34% | -19.38% | 25.74% | 21.00% | 53.73% | 28.75% | |
| Net Profit + | 1.67 | 0.08 | 0.16 | -2.08 | -1.88 | -7.87 | -1.43 | -1.30 | 1.01 | 1.58 | 0.30 | 1.71 | 5.41 |
| EPS in Rs | 3.09 | 0.15 | 0.30 | -3.85 | -3.48 | -14.58 | -2.65 | -2.41 | 1.87 | 2.93 | 0.56 | 3.17 | 10.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Zenith Exports
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.40 |
| Reserves | 91.53 | 86.41 | 86.57 | 84.48 | 82.77 | 74.86 | 73.29 | 71.78 | 72.76 | 74.33 | 74.86 | 76.57 | 78.92 |
| Borrowings + | 35.67 | 31.63 | 12.63 | 6.80 | 11.30 | 13.02 | 8.27 | 7.79 | 13.81 | 9.47 | 5.54 | 7.76 | 3.05 |
| Other Liabilities + | 28.49 | 13.45 | 16.43 | 13.76 | 11.93 | 14.26 | 12.27 | 10.80 | 9.55 | 10.81 | 10.10 | 11.15 | 10.02 |
| Total Liabilities | 161.09 | 136.89 | 121.03 | 110.44 | 111.40 | 107.54 | 99.23 | 95.77 | 101.52 | 100.01 | 95.90 | 100.88 | 97.39 |
| Fixed Assets + | 40.82 | 29.16 | 22.89 | 20.69 | 17.96 | 15.59 | 14.88 | 12.98 | 12.12 | 10.24 | 9.26 | 11.30 | 11.51 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.56 |
| Investments | 0.21 | 0.01 | 0.01 | 4.08 | 17.56 | 2.00 | 0.00 | 0.17 | 0.54 | 0.85 | 1.32 | 1.51 | 8.57 |
| Other Assets + | 120.06 | 107.72 | 98.13 | 85.67 | 75.88 | 89.95 | 84.35 | 82.62 | 88.86 | 88.92 | 85.27 | 88.07 | 76.75 |
| Total Assets | 161.09 | 136.89 | 121.03 | 110.44 | 111.40 | 107.54 | 99.23 | 95.77 | 101.52 | 100.01 | 95.90 | 100.88 | 97.39 |
Financials of Zenith Exports
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7.93 | 6.83 | 19.21 | 11.67 | 7.99 | -8.87 | 16.90 | 2.52 | -14.98 | 19.23 | -6.57 | -3.03 |
| Cash from Investing Activity + | -1.40 | 0.42 | 3.57 | -2.59 | -12.03 | 15.61 | -10.30 | 1.18 | 11.47 | -15.55 | 17.03 | -3.98 |
| Cash from Financing Activity + | -3.23 | -9.64 | -21.42 | -6.14 | 3.64 | 0.40 | -5.75 | -1.52 | 5.14 | -4.98 | -4.84 | 1.38 |
| Net Cash Flow | 3.30 | -2.39 | 1.37 | 2.94 | -0.39 | 7.15 | 0.85 | 2.18 | 1.63 | -1.31 | 5.62 | -5.63 |
| Free Cash Flow | 6.44 | 6.58 | 22.52 | 12.40 | 8.73 | -9.22 | 16.66 | 2.51 | -15.40 | 20.84 | -6.89 | -1.14 |
| CFO/OP | 61% | 173% | 867% | -257% | -189% | 1,860% | -401% | -131% | -3,895% | -13,857% | 710% | 65% |
Financials of Zenith Exports
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19.32 | 29.42 | 51.85 | 63.06 | 56.22 | 50.67 | 57.65 | 67.16 | 55.59 | 54.30 | 64.21 | 89.10 |
| Inventory Days | 110.71 | 114.67 | 90.68 | 140.77 | 169.01 | 269.17 | 184.97 | 356.13 | 238.18 | 290.24 | 208.73 | 200.32 |
| Days Payable | 19.64 | 6.02 | 13.98 | 24.79 | 17.94 | 37.72 | 41.33 | 70.19 | 31.12 | 62.40 | 42.27 | 47.19 |
| Cash Conversion Cycle | 110.38 | 138.07 | 128.55 | 179.05 | 207.29 | 282.13 | 201.29 | 353.10 | 262.65 | 282.13 | 230.68 | 242.23 |
| Working Capital Days | 52.16 | 73.01 | 91.71 | 139.12 | 133.94 | 160.13 | 132.13 | 196.00 | 154.24 | 144.77 | 161.68 | 170.70 |
| ROCE % | 7.95% | 4.81% | 2.53% | -1.62% | -0.81% | -0.72% | -1.11% | 0.15% | 2.89% | 2.23% | 2.22% | -1.46% |
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