ZENITHEXPOConsumer Discretionary

Zenith Exports Limited

Leather And Leather Products · ISIN INE058B01018 · BSE 512553 · NSE EQ · FV ₹10
Last price
₹197
+1.00%today
What this company does

Zenith Exports Limited operates in Leather And Leather Products, part of the Consumer Discretionary sector. It booked ₹13 cr of revenue in its latest quarter (Q1 FY27) and kept -4.4% of sales as profit. It is the 5th largest of 6 Leather And Leather Products companies we track, by market value.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns11

How much profit it earns on the money it employs

Balance sheet57

How much it owes, and whether earnings cover the interest

Cash quality56

Whether reported profit actually arrives as cash

Growth & consistency52

Whether sales and profit have grown, and how steadily

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 46%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -4.4% net margin
! Sales down 25% vs last year
! Low -2.9% return on equity

What if I invest in ZENITHEXPO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹197 +1.00%
latest close · 2026-09-17
1-year return
+149.0%
52-wk low ₹6652-wk high ₹258
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.26Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-2.9%Loss
WeakFairStrong ▸15%
Return on capital-3.2%Loss
WeakFairStrong
Net margin-4.4%Loss
ThinDecentStrong
EBITDA margin-4.0%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover-6.9×Risky
RiskyOkayStrong ▸5×
Current ratio5.90Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹106 cr
Book value
₹156
EPS
₹-1.11
latest quarter
Net debt
₹-4 cr
more cash than debt
Enterprise value
₹102 cr
EBITDA
₹-2 cr
annualised
EBIT
₹-3 cr
annualised
Operating margin
-5.1%
Return on assets
-2.4%
Earnings yield
P/S
1.97
Sales / share
₹99.9
Tax rate
Face value
₹10
Shares
0.5 cr
Working capital
₹54 cr
Current assets
₹65 cr
Current liabilities
₹11 cr
Delivery %
82.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹9₹9, midpoint ₹9

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹13 cr
Other Income₹80 L
Total Income₹14 cr
Cost of Materials₹6 cr
Purchases of Stock-in-Trade₹95 L
Inventory Change (±)₹91 L
Employee Benefit Expense₹2 cr
Finance Costs₹10 L
Depreciation & Amortisation₹15 L
Other Expenses₹5 cr
Total Expenses₹15 cr
Profit before Tax₹-79 L
Tax Expense₹-19 L
Net Profit₹-60 L
Net margin on total income-4.2%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹7 cr49.6%
Employee benefit expense₹2 cr13.6%
Finance costs₹10 L0.7%
Depreciation & amortisation₹15 L1.0%
Other expenses₹5 cr35.1%
Total income ₹14 cr

The company made a net loss of ₹60 L this quarter — income covered only 95 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue14 cr13 cr13 cr
Total income15 cr15 cr14 cr
Expenses15 cr15 cr15 cr
Profit before tax32 L-9 L-79 L
Tax15 L3 L-19 L
Net profit (owners' share)17 L-12 L-60 L
Net margin (owners' share, on revenue)1.2%-0.9%-4.4%
EPS (₹)0.31-0.22-1.11
YoY (latest quarter): total income -24.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹98 cr
Shareholder equity
₹84 cr
parent shareholders
Total debt
₹2 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹2 cr
Investing
₹7 cr
Financing
₹-5 cr
Peer comparison
Leather And Leather Products · by market value
CompanyPriceMarket capP/E
Mayur Uniquoters Ltd₹750₹3,259 cr14.5
Bhartiya International Limited₹1,023₹1,372 cr19.4
Mirza International Limited₹30₹408 cr
Superhouse Limited₹168₹180 cr10.2
Zenith Exports Limitedthis company₹197₹106 cr
AKI India Limited₹6₹60 cr29.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-03-31
No pledge
Promoter
45.5%
Public
54.5%
Promoter stake down 6.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldURMILA LOYALKA · Promoters3.00 L · ₹30.0 L28 Mar 24
BoughtRAJKUMAR LOYALKA · Key Managerial Personnel6.00 L · ₹60.0 L28 Mar 24
SoldSURENDRA KUMAR LOYALKA · Key Managerial Personnel3.00 L · ₹30.0 L28 Mar 24
Bulk / block deals
SoldURMILA LOYALKA · NSE82,000 @ ₹84.1525 May 06
BoughtPUROTECH SALES PVT LTD · NSE82,000 @ ₹84.1525 May 06
SoldSURENDRA KUMAR LYALKA (HUF) · NSE60,000 @ ₹72.728 Feb 06
Stake changes
SoldMr. Surendra Kumar Loyalka · promoter→ 3.36% · 3.00 L28 Mar 24
SoldMrs. Urmila loyalka · promoter→ 6.10% · 3.00 L28 Mar 24
SoldRajkumar Loyalka · promoter→ 0.37% · 6.00 L28 Mar 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
To receive consider and adopt the Audited Standalone Financ ial Statements of the Company for the financial year ended 3 1st March, 2025, together with the Reports of the Board of Di rectors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 36 against
2
To appoint a Director in place of Mr. Varun Loyalka (DIN: 073 15452), who retires by rotation and being eligible, offers him self for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 36 against
3
Appointment of Mr. Vivek Mishra (Membership No. F8540, CP No. 17218) Partner, M and A Associates as Secretarial Audito r of the Company
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 36 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 45.5% between them · as of 2026-03-31
SURENDRA KUMAR LOYALKA HUF10.40%
PUROTECH SALES PVT LIMITED6.60%
URMILA LOYALKA6.10%
A.C.ROY AND COMPANY PRIVATE LIMITED5.64%
VARUN LOYALKA4.98%
RUCHI AJITSARIA4.91%
SURENDRA KUMAR LOYALKA3.36%
P.P.DEVELOPERS PRIVATE LIMITED3.08%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.