Company Valuation: Zenith Fibres Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 153 226.8 262.5 289.8 278.9 189.9
Change - 48.2% 15.76% 10.38% -3.76% -31.89%
Enterprise Value (EV) 1 11.66 94.44 118.8 113.2 93.02 75.04
Change - 709.64% 25.81% -4.72% -17.83% -19.33%
P/E 22.3x 8.11x 9.25x 22x 15.5x 6.5x
PBR 0.31x 0.44x 0.48x 0.53x 0.49x 0.32x
PEG - 0x 6.03x -0.4x 0.4x 0.1x
Capitalization / Revenue 0.64x 0.43x 0.52x 0.85x 0.53x 0.47x
EV / Revenue 0.05x 0.18x 0.23x 0.33x 0.18x 0.19x
EV / EBITDA -7.42x 3.09x 4.14x -30.1x -63.9x -5.78x
EV / EBIT -1.18x 4.26x 5.67x -10.6x -11x -3.63x
EV / FCF 2.4x -2.33x 65.3x 2.55x 1.54x -5.22x
FCF Yield 41.6% -43% 1.53% 39.1% 65% -19.2%
Dividend per Share 2 - 1.5 1.5 1 1 1
Rate of return - 2.61% 2.25% 1.36% 1.41% 2.08%
EPS 2 1.74 7.087 7.196 3.34 4.567 7.409
Distribution rate - 21.2% 20.8% 29.9% 21.9% 13.5%
Net sales 1 239.3 523.5 507.6 342.8 522 400.8
EBITDA 1 -1.573 30.61 28.69 -3.755 -1.455 -12.98
EBIT 1 -9.925 22.19 20.94 -10.66 -8.449 -20.66
Net income 1 6.861 27.95 28.38 13.18 18.01 29.22
Net Debt 1 -141.4 -132.4 -143.7 -176.6 -185.9 -114.9
Reference price 2 38.80 57.50 66.56 73.47 70.71 48.16
Nbr of stocks (in thousands) 3,944 3,944 3,944 3,944 3,944 3,944
Announcement Date 9/4/21 9/2/22 9/2/23 8/30/24 8/29/25 9/1/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.5M
9.03x0.54x5.76x3.96% 4.19B
35.52x4.95x24.01x0.51% 4.09B
36.16x2.16x17.62x - 2.42B
14.64x1.75x7.42x3.07% 2.19B
10.47x - - 5.63% 1.87B
12.05x - - 7.2% 1.71B
Average 19.65x 2.35x 13.70x 4.07% 2.35B
Weighted average by Cap. 20.81x 2.45x 14.06x 3.43%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Zenith Fibres Limited

Historical PBR trend

Valuation ratios - PBR - Zenith Fibres Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Zenith Fibres Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Zenith Fibres Limited

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