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Zenith Fibres

BSE:514266
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
514266
BSE
₹256M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Zenith Fibres Limited manufactures and sells polypropylene (PP) staple fibers in India. The last earnings update was 96 days ago. More info.


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514266 Share Price and Events
7 Day Returns
0.3%
BSE:514266
-1.4%
IN Luxury
-2.4%
IN Market
1 Year Returns
-49.7%
BSE:514266
-8%
IN Luxury
-8.9%
IN Market
514266 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zenith Fibres (514266) 0.3% -4.2% -16.5% -49.7% -42.5% 116.8%
IN Luxury -1.4% -1.1% -1.9% -8% 50.1% 192.3%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • 514266 underperformed the Luxury industry which returned -8% over the past year.
  • 514266 underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
514266
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Zenith Fibres undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zenith Fibres to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zenith Fibres.

BSE:514266 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:514266
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (0%))
0.575
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:514266 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zenith Fibres is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:514266 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 24.91 22.68 20.66 18.81 17.13
Source Est @ -8.93% Est @ -8.93% Est @ -8.93% Est @ -8.93% Est @ -8.93%
Present Value
Discounted (@ 13.51%)
21.94 17.60 14.12 11.33 9.09
Present value of next 5 years cash flows ₹74.10
BSE:514266 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹17.13 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹309.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹309.19 ÷ (1 + 13.51%)5
₹164.08
BSE:514266 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹74.10 + ₹164.08
₹238.18
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹238.18 / 4.42
₹53.86
BSE:514266 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹53.86
Current discount Discount to share price of ₹58.00
= -1 x (₹58.00 - ₹53.86) / ₹53.86
-7.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Zenith Fibres is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zenith Fibres's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zenith Fibres's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:514266 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹5.66
BSE:514266 Share Price ** BSE (2019-02-15) in INR ₹58
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.58x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zenith Fibres.

BSE:514266 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514266 Share Price ÷ EPS (both in INR)

= 58 ÷ 5.66

10.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zenith Fibres is good value based on earnings compared to the IN Luxury industry average.
  • Zenith Fibres is good value based on earnings compared to the India market.
Price based on expected Growth
Does Zenith Fibres's expected growth come at a high price?
Raw Data
BSE:514266 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.1%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zenith Fibres, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zenith Fibres's assets?
Raw Data
BSE:514266 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹111.65
BSE:514266 Share Price * BSE (2019-02-15) in INR ₹58
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:514266 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514266 Share Price ÷ Book Value per Share (both in INR)

= 58 ÷ 111.65

0.52x

* Primary Listing of Zenith Fibres.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zenith Fibres is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Zenith Fibres's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Zenith Fibres has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Zenith Fibres expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zenith Fibres, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zenith Fibres expected to grow at an attractive rate?
  • Zenith Fibres's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Zenith Fibres's earnings growth is positive but not above the India market average.
  • Unable to compare Zenith Fibres's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:514266 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:514266 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.1%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:514266 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:514266 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 317 25
2018-06-30 332 25
2018-03-31 362 44 32
2017-12-31 429 32
2017-09-30 461 39
2017-06-30 471 42
2017-03-31 525 39 61
2016-12-31 565 70
2016-09-30 577 78
2016-06-30 655 95
2016-03-31 638 90 85
2015-12-31 625 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zenith Fibres's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Zenith Fibres is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:514266 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zenith Fibres Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514266 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 5.66
2018-06-30 5.68
2018-03-31 7.22
2017-12-31 7.55
2017-09-30 8.92
2017-06-30 9.59
2017-03-31 13.87
2016-12-31 15.71
2016-09-30 17.58
2016-06-30 21.37
2016-03-31 19.20
2015-12-31 17.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zenith Fibres will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Zenith Fibres's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zenith Fibres has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Zenith Fibres performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zenith Fibres's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zenith Fibres's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Zenith Fibres's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Zenith Fibres's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Zenith Fibres's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zenith Fibres Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:514266 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 317.22 25.04 48.20
2018-06-30 331.87 25.13 46.39
2018-03-31 362.11 31.94 45.79
2017-12-31 428.94 31.77 49.97
2017-09-30 460.96 38.78 46.10
2017-06-30 470.71 42.37 44.77
2017-03-31 524.69 61.33 40.32
2016-12-31 565.01 69.51 36.32
2016-09-30 576.93 77.77 37.01
2016-06-30 655.33 94.53 34.87
2016-03-31 638.34 84.91 33.83
2015-12-31 624.85 76.45 49.51
2015-09-30 664.35 74.10 47.42
2015-06-30 652.39 58.32 29.87
2015-03-31 668.90 59.06 29.21
2014-12-31 660.61 50.50 41.45
2014-09-30 630.72 41.87 40.73
2014-06-30 590.53 39.01 40.26
2014-03-31 555.68 33.92 39.46
2013-12-31 511.13 34.16 37.73
2013-09-30 527.13 38.83 37.50
2013-06-30 533.40 40.19 36.89
2013-03-31 542.23 44.48 36.63
2012-12-31 558.19 45.63 36.33
2012-09-30 525.66 40.81 35.31
2012-06-30 517.34 40.13 34.63
2012-03-31 504.28 35.41 33.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Zenith Fibres has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zenith Fibres used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Zenith Fibres's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zenith Fibres's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zenith Fibres has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Zenith Fibres's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zenith Fibres's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zenith Fibres is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zenith Fibres's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zenith Fibres's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Zenith Fibres has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zenith Fibres Company Filings, last reported 4 months ago.

BSE:514266 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 494.94 0.00 170.99
2018-06-30 482.33 0.00 144.83
2018-03-31 482.33 0.00 144.83
2017-12-31 470.37 0.00 153.39
2017-09-30 470.37 0.00 153.39
2017-06-30 456.72 1.58 159.21
2017-03-31 462.40 1.58 125.36
2016-12-31 437.44 1.58 184.02
2016-09-30 437.44 1.58 184.02
2016-06-30 403.16 4.55 283.83
2016-03-31 403.16 4.55 283.83
2015-12-31 375.64 4.64 243.69
2015-09-30 375.64 4.64 243.69
2015-06-30 334.22 4.64 188.15
2015-03-31 334.22 7.51 195.65
2014-12-31 315.41 10.46 156.52
2014-09-30 315.41 10.46 156.52
2014-06-30 289.59 33.83 139.09
2014-03-31 289.59 33.83 139.09
2013-12-31 281.86 10.33 127.96
2013-09-30 281.86 10.33 127.96
2013-06-30 263.43 10.16 122.54
2013-03-31 263.43 10.16 122.54
2012-12-31 253.31 2.26 99.20
2012-09-30 253.31 2.26 99.20
2012-06-30 229.23 4.55 104.30
2012-03-31 229.23 4.55 104.30
  • Zenith Fibres has no debt.
  • Zenith Fibres has no debt compared to 5 years ago when it was 3.7%.
  • Zenith Fibres has no debt, it does not need to be covered by operating cash flow.
  • Zenith Fibres has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zenith Fibres's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zenith Fibres has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Zenith Fibres's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.59%
Current annual income from Zenith Fibres dividends.
If you bought ₹2,000 of Zenith Fibres shares you are expected to receive ₹52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Zenith Fibres's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Zenith Fibres's dividend is above the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:514266 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:514266 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-25 1.500 2.197
2017-08-14 2.000 1.771
2017-07-13 2.000 1.671
2017-05-29 2.000 1.604
2016-10-04 3.000 2.036
2015-10-05 2.500 1.964
2014-05-29 1.500 3.132
2013-05-27 2.000 6.944
2012-07-30 2.000 5.727
2011-08-01 1.500 4.917
2010-10-05 1.500 5.363
2009-06-01 1.500 5.809
2009-02-17 1.500 8.695

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Zenith Fibres's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zenith Fibres's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zenith Fibres afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zenith Fibres has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Zenith Fibres's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
S. Iyer
COMPENSATION ₹0
CEO Bio

Mr. S. S. Iyer serves as the Chief Executive Officer of Zenith Fibres Ltd. and served as its President since February 4, 2012.

CEO Compensation
  • S.'s compensation has been consistent with company performance over the past year.
  • S.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Zenith Fibres management team in years:

1.8
Average Tenure
  • The average tenure for the Zenith Fibres management team is less than 2 years, this suggests a new team.
Management Team

Sanjeev Rungta

TITLE
Executive Chairman
COMPENSATION
₹4M
AGE
58

S. Iyer

TITLE
Chief Executive Officer

Rajeev Rungta

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
57
TENURE
1.8 yrs

Pratip Patel

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Shailesh Pandey

TITLE
Chief Operations Officer

Praveen Bukyalkar

TITLE
Chief Marketing Officer

Siddhi Shah

TITLE
Company Secretary
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Zenith Fibres board of directors in years:

1.8
Average Tenure
57.5
Average Age
  • The average tenure for the Zenith Fibres board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sanjeev Rungta

TITLE
Executive Chairman
COMPENSATION
₹4M
AGE
58
TENURE
1.8 yrs

Rajeev Rungta

TITLE
MD & Executive Director
COMPENSATION
₹3M
AGE
57
TENURE
10.3 yrs

Mukund Beriwala

TITLE
Non-Executive & Independent Director
COMPENSATION
₹50K
AGE
43

Abhishake Rungta

TITLE
Non-Executive & Independent Director
COMPENSATION
₹15K
AGE
47

Amit Ghosh

TITLE
Independent Non-Executive Director
COMPENSATION
₹43K
AGE
87

Rashmi Desai

TITLE
Independent Director
AGE
67
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Zenith Fibres's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zenith Fibres has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Buy Zenith Fibres Limited (BOM:514266) At This PE Ratio?

and want to begin learning the link between Zenith Fibres Limited (BOM:514266)’s fundamentals and stock market performance. … Zenith Fibres Limited (BOM:514266) is trading with a trailing P/E of 11.1x, which is lower than the industry average of 16.9x. … While this makes 514266 appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Company Info

Map
Description

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.

Details
Name: Zenith Fibres Limited
514266
Exchange: BSE
Founded: 1989
₹256,496,068
4,422,346
Website: http://www.zenithfibres.com
Address: Zenith Fibres Limited
103, Synergy House,
Subhanpura Road,
Vadodara,
Gujarat, 390023,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514266 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2002
Number of employees
Current staff
Staff numbers
90
Zenith Fibres employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:37
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2018/11/12
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.