New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 4.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹1.29b market cap, or US$13.5m). Reported Earnings • Aug 13
First quarter 2027 earnings released: ₹1.11 loss per share (vs ₹2.59 profit in 1Q 2026) First quarter 2027 results: ₹1.11 loss per share (down from ₹2.59 profit in 1Q 2026). Revenue: ₹142.9m (down 20% from 1Q 2026). Net loss: ₹6.00m (down 143% from profit in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 12
Zenith Exports Limited, Annual General Meeting, Sep 24, 2026 Zenith Exports Limited, Annual General Meeting, Sep 24, 2026, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹238, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 123% over the past three years. Duyuru • Aug 04
Zenith Exports Limited to Report Q1, 2027 Results on Aug 12, 2026 Zenith Exports Limited announced that they will report Q1, 2027 results on Aug 12, 2026 New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹1.03b market cap, or US$10.8m). Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹4.24 (vs ₹3.17 in FY 2025) Full year 2026 results: EPS: ₹4.24 (up from ₹3.17 in FY 2025). Revenue: ₹691.9m (down 4.0% from FY 2025). Net income: ₹22.9m (up 34% from FY 2025). Profit margin: 3.3% (up from 2.4% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • May 22
Zenith Exports Limited to Report Q4, 2026 Results on May 29, 2026 Zenith Exports Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹217, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 165% over the past three years. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹0.31 (vs ₹1.24 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.31 (down from ₹1.24 in 3Q 2025). Revenue: ₹150.4m (down 19% from 3Q 2025). Net income: ₹1.70m (down 75% from 3Q 2025). Profit margin: 1.1% (down from 3.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 04
Zenith Exports Limited to Report Q3, 2026 Results on Feb 10, 2026 Zenith Exports Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.56 (vs ₹3.89 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹1.56 (up from ₹3.89 loss in 2Q 2025). Revenue: ₹207.1m (up 29% from 2Q 2025). Net income: ₹8.40m (up ₹29.4m from 2Q 2025). Profit margin: 4.1% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 08
Zenith Exports Limited to Report Q2, 2026 Results on Nov 14, 2025 Zenith Exports Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹305, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 244% over the past three years. New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹1.49b market cap, or US$16.9m). Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹2.59 (vs ₹0.26 in 1Q 2025) First quarter 2026 results: EPS: ₹2.59 (up from ₹0.26 in 1Q 2025). Revenue: ₹189.2m (up 14% from 1Q 2025). Net income: ₹14.0m (up ₹12.6m from 1Q 2025). Profit margin: 7.4% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Duyuru • Aug 12
Zenith Exports Limited, Annual General Meeting, Sep 24, 2025 Zenith Exports Limited, Annual General Meeting, Sep 24, 2025, at 11:30 Indian Standard Time. Duyuru • Aug 05
Zenith Exports Limited to Report Q1, 2026 Results on Aug 12, 2025 Zenith Exports Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹3.17 (vs ₹0.56 in FY 2024) Full year 2025 results: EPS: ₹3.17 (up from ₹0.56 in FY 2024). Revenue: ₹761.7m (down 6.8% from FY 2024). Net income: ₹17.1m (up 464% from FY 2024). Profit margin: 2.2% (up from 0.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Duyuru • May 22
Zenith Exports Limited to Report Q4, 2025 Results on May 30, 2025 Zenith Exports Limited announced that they will report Q4, 2025 results on May 30, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹1.24 (vs ₹0.37 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹1.24 (up from ₹0.37 loss in 3Q 2024). Revenue: ₹185.7m (up 1.1% from 3Q 2024). Net income: ₹6.70m (up ₹8.70m from 3Q 2024). Profit margin: 3.6% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹1.54b market cap, or US$17.7m). Duyuru • Feb 04
Zenith Exports Limited to Report Q3, 2025 Results on Feb 12, 2025 Zenith Exports Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: ₹3.89 loss per share (vs ₹0.98 profit in 2Q 2024) Second quarter 2025 results: ₹3.89 loss per share (down from ₹0.98 profit in 2Q 2024). Revenue: ₹171.7m (down 23% from 2Q 2024). Net loss: ₹21.0m (down 496% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Duyuru • Nov 02
Zenith Exports Limited to Report Q2, 2025 Results on Nov 14, 2024 Zenith Exports Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.26 (vs ₹0.72 in 1Q 2024) First quarter 2025 results: EPS: ₹0.26 (down from ₹0.72 in 1Q 2024). Revenue: ₹173.8m (down 17% from 1Q 2024). Net income: ₹1.40m (down 64% from 1Q 2024). Profit margin: 0.8% (down from 1.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 45% per year. Duyuru • Aug 12
Zenith Exports Limited, Annual General Meeting, Sep 24, 2024 Zenith Exports Limited, Annual General Meeting, Sep 24, 2024, at 11:30 Indian Standard Time. Duyuru • Aug 02
Zenith Exports Limited to Report Q1, 2025 Results on Aug 12, 2024 Zenith Exports Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₹1.14b market cap, or US$13.7m). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹0.56 (vs ₹2.92 in FY 2023) Full year 2024 results: EPS: ₹0.56 (down from ₹2.92 in FY 2023). Revenue: ₹855.4m (up 37% from FY 2023). Net income: ₹3.00m (down 81% from FY 2023). Profit margin: 0.4% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Duyuru • May 23
Zenith Exports Limited to Report Q4, 2024 Results on May 30, 2024 Zenith Exports Limited announced that they will report Q4, 2024 results on May 30, 2024 Duyuru • Feb 10
Zenith Exports Limited Announces Executive Changes Zenith Exports Limited announced that at its board meeting held on 10 February 2024, approved the appointment of Ms. Anita Kumari Gupta as company secretary and compliance officer of the company with effect from 12 February 2024. Consequently Mr. Varun Loyalka, shall not act as compliance officer of the company. Anita Kumari Gupta: Date of Birth: 21 October 1992. Qualification: B.Com.(Hons), FCS. Experience/Expertise in specific functional areas: CS Anita Kumari Gupta is a Fellow Member of ICSI, having seven years of experience in the field of Secretarial, Compliance matter and SEBI work. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹185, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 164% over the past three years. Duyuru • Feb 02
Zenith Exports Limited to Report Q3, 2024 Results on Feb 10, 2024 Zenith Exports Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Duyuru • Jan 12
Zenith Exports Limited Announces Executive Changes Zenith Exports Limited announced resignation of Mr. Jeetender Kumar Ram as Company Secretary & Compliance Officer, effective from November 30, 2023. Mr. Varun Loyalka (Managing Director) has been appointed as a Compliance officer till the appointment of new Company Secretary. New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹818.1m market cap, or US$9.82m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹146, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 220% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹0.98 (vs ₹1.96 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.98 (up from ₹1.96 loss in 2Q 2023). Revenue: ₹233.0m (up 49% from 2Q 2023). Net income: ₹5.30m (up ₹15.9m from 2Q 2023). Profit margin: 2.3% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹577.4m market cap, or US$6.96m). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.72 (vs ₹1.85 in 1Q 2023) First quarter 2024 results: EPS: ₹0.72 (down from ₹1.85 in 1Q 2023). Revenue: ₹210.5m (up 10% from 1Q 2023). Net income: ₹3.90m (down 61% from 1Q 2023). Profit margin: 1.9% (down from 5.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 11
Zenith Exports Limited, Annual General Meeting, Sep 27, 2023 Zenith Exports Limited, Annual General Meeting, Sep 27, 2023, at 11:30 Indian Standard Time. Duyuru • Aug 04
Zenith Exports Limited to Report Q1, 2024 Results on Aug 11, 2023 Zenith Exports Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Sanjay Shaw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 96% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹709.3m market cap, or US$8.60m). Minor Risk Large one-off items impacting financial results. Duyuru • May 19
Zenith Exports Limited to Report Q4, 2023 Results on May 27, 2023 Zenith Exports Limited announced that they will report Q4, 2023 results at 12:08 PM, Indian Standard Time on May 27, 2023 Duyuru • Feb 04
Zenith Exports Limited to Report Q3, 2023 Results on Feb 13, 2023 Zenith Exports Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Duyuru • Jan 14
Zenith Exports Limited Announces Management Changes Zenith Exports Limited announced that at its board meeting held on January 13, 2023, the Board approved the appointment of Mr. Jeetender Kumar Ram as Company Secretary and Compliance Officer of the Company. Consequently Mr. Raj Kumar Loyalka, shall not act as Compliance Officer of the Company. Date of Birth of Jeetender Kumar Ram is January 04, 1989. Qualification: B.Com.(Hons), ACS, LLB. CS Jeetender Kumar Ram is an associate member of ICSI, having deep insight in the areas of Corporate Laws, Corporate Governance and SEBI related Matters. Reported Earnings • Jul 04
Full year 2021 earnings released: ₹2.40 loss per share (vs ₹2.90 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹546.7m (down 34% from FY 2020). Net loss: ₹12.9m (loss narrowed 18% from FY 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹1.91 loss per share (vs ₹1.81 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹134.6m (down 16% from 3Q 2020). Net loss: ₹10.3m (loss widened 5.1% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 27
New 90-day high: ₹45.40 The company is up 5.0% from its price of ₹43.40 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 13% over the same period.