Zenith Fibres Limited manufactures and sells polypropylene (PP) staple fibers in India.
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Flawless balance sheet and fair value.
Share Price & News
How has Zenith Fibres's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 514266's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 514266 underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: 514266 underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is Zenith Fibres's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould You Buy Zenith Fibres Limited (BOM:514266) At This PE Ratio?
1 year ago | Simply Wall StTop Cyclical Dividend Picks For The Day
1 year ago | Simply Wall StTop Cyclical Dividend Picks For The Day
Is Zenith Fibres undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 514266 (₹38.85) is trading above our estimate of fair value (₹10.68)
Significantly Below Fair Value: 514266 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 514266 is good value based on its PE Ratio (6x) compared to the Luxury industry average (11.2x).
PE vs Market: 514266 is good value based on its PE Ratio (6x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 514266's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 514266 is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).
How is Zenith Fibres forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zenith Fibres has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Zenith Fibres is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Zenith Fibres competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Zenith Fibres performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 514266 has a large one-off gain of ₹10.4M impacting its December 31 2019 financial results.
Growing Profit Margin: 514266's current net profit margins (8.8%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: 514266's earnings have declined by -25.9% per year over the past 5 years.
Accelerating Growth: 514266's earnings growth over the past year (41.8%) exceeds its 5-year average (-25.9% per year).
Earnings vs Industry: 514266 earnings growth over the past year (41.8%) exceeded the Luxury industry 5.6%.
Return on Equity
High ROE: 514266's Return on Equity (5.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Zenith Fibres's financial position?
Financial Position Analysis
Short Term Liabilities: 514266's short term assets (₹275.9M) exceed its short term liabilities (₹13.2M).
Long Term Liabilities: 514266's short term assets (₹275.9M) exceed its long term liabilities (₹16.2M).
Debt to Equity History and Analysis
Debt Level: 514266 is debt free.
Reducing Debt: 514266 has no debt compared to 5 years ago when its debt to equity ratio was 3.3%.
Debt Coverage: 514266 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 514266 has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: 514266 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 514266's debt is covered by short term assets.
What is Zenith Fibres's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 514266's dividend (2.57%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 514266's dividend (2.57%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 514266's dividend payments have been volatile in the past 10 years.
Growing Dividend: 514266's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.5%), 514266's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
S. Iyer 0
Mr. S. S. Iyer serves as the Chief Executive Officer of Zenith Fibres Ltd. and served as its President since February 4, 2012.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Zenith Fibres Limited's company bio, employee growth, exchange listings and data sources
- Name: Zenith Fibres Limited
- Ticker: 514266
- Exchange: BSE
- Founded: 1989
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹161.315m
- Shares outstanding: 3.94m
- Website: https://www.zenithfibres.com
Number of Employees
- Zenith Fibres Limited
- 103, Synergy House
- Subhanpura Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|514266||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2002|
Zenith Fibres Limited manufactures and sells polypropylene (PP) staple fibers in India. The company offers its products for use in various applications, including spun yarn filter fabrics, non-woven filter fabrics, geo-textiles, floor coverings and carpet backings, furnishing fabrics, blankets, and wall-coverings; and construction industry. It also markets PP spun yarn for use in weaving, as well as supplies PP dref-2 yarns that are used in filtration candles. The company also exports its products. Zenith Fibres Limited was incorporated in 1989 and is based in Vadodara, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 12:39|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.