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Zenith Healthcare Ltd (ZENITHHE) · mywealthgrid

About

Zenith Healthcare Ltd operates in Pharmaceuticals within the Healthcare sector.

Face value: ₹1

Market cap

₹17 Cr

P/E

248.8×

P/B

2.3×

Dividend yield

ROE

0.1%

ROCE

0.3%

Debt / equity

OPM

-1.2%

EPS (TTM)

₹0.0

Book value

₹1.4

52-week high

₹4.2

52-week low

₹2.4

₹3.2-25.7%1Y

Beta

1.03

Moves with the index

Volatility (1y)

43.4%

Annualised, daily returns

RSI (14)

44.2

Neither overbought nor oversold

Rel. strength (1y)

-34.1%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 1.3% (3-yr avg)
−Profit declined 53.1% a year over the last 5 years
−Revenue shrank over the last 5 years (-5.2% a year)
−Expensive at 248.8× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

21/100

Business quality: 21
Growth: 18
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Torrent Pharmaceuticals LimitedTORNTPHARMTORNTPHARM	₹1,61,325 Cr	₹1,76,123 Cr	₹15,723 Cr	₹5,191 Cr	32.6%	₹2,181 Cr	15.3%	14.5%	27.1%	163
Zydus Lifesciences LimitedZYDUSLIFEZYDUSLIFE	₹1,14,284 Cr	₹1,26,053 Cr	₹28,592 Cr	₹8,316 Cr	31.2%	₹4,513 Cr	18.9%	23.4%	19.7%	212
Laurus Labs LimitedLAURUSLABSLAURUSLABS	₹1,07,176 Cr	₹1,09,573 Cr	₹7,270 Cr	₹2,034 Cr	26.1%	₹1,093 Cr	13.1%	21.3%	18.2%	263
Mankind Pharma LimitedMANKINDMANKIND	₹1,04,696 Cr	₹1,11,007 Cr	₹14,738 Cr	₹3,827 Cr	25.3%	₹2,068 Cr	13.6%	14.2%	12.5%	117
Aurobindo Pharma LimitedAUROPHARMAAUROPHARMA	₹97,389 Cr	₹1,05,065 Cr	₹34,935 Cr	₹7,085 Cr	20.3%	₹3,713 Cr	10.4%	14.7%	9.9%	252
Lupin LimitedLUPINLUPIN	₹92,866 Cr	₹98,777 Cr	₹29,967 Cr	₹9,538 Cr	31.5%	₹5,529 Cr	19.2%	34.2%	26.9%	181
Glenmark Pharmaceuticals LimitedGLENMARKGLENMARK	₹65,781 Cr	₹65,781 Cr	₹17,737 Cr	₹4,797 Cr	26.9%	₹1,496 Cr	8%	37.8%	0%	83
Alkem Laboratories LimitedALKEMALKEM	₹62,431 Cr	₹64,055 Cr	₹15,081 Cr	₹3,032 Cr	20.4%	₹2,158 Cr	16%	21.5%	17.8%	152
Biocon LimitedBIOCONBIOCON	₹60,413 Cr	₹75,238 Cr	₹17,321 Cr	₹3,536 Cr	20.4%	₹495 Cr	2.2%	3.9%	1.4%	85
Abbott India LimitedABBOTINDIAABBOTINDIA	₹56,901 Cr	—	₹4,310 Cr	₹921 Cr	27.3%	₹691 Cr	22.4%	44.1%	34.5%	110
Ipca Laboratories LimitedIPCALABIPCALAB	₹49,299 Cr	₹50,003 Cr	₹10,126 Cr	₹2,232 Cr	20.5%	₹1,310 Cr	12.3%	17.8%	15.2%	308
Gland Pharma LimitedGLANDGLAND	₹47,428 Cr	₹47,671 Cr	₹6,725 Cr	₹1,751 Cr	25.3%	₹1,129 Cr	16%	14.8%	10.5%	255

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	5	10	10	12	14	22	13	14	11	11
COGS	—	-3	-5	-7	-7	8	13	8	8	5	5
Gross profit	—	—	—	—	—	6	10	5	7	6	6
	4	7	14	16	19	5	9	5	6	6	6
	-0	0	1	0	1	0	0	0	0	0	-0
OPM %	-9.8%	2.1%	6%	2.6%	4.5%	2.6%	2.1%	0.2%	1.5%	0.8%	-1.2%
Depreciation	—	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	—	—	0	0	0	0	0	0
	0	0	0	0	0	0	1	0	0	0	0
Profit before tax	-0	-0	0	0	1	1	1	0	0	0	0
Tax	—	—	—	—	—	0	0	0	0	0	0
Tax %	—	—	—	—	—	19.6%	47.5%	33.3%	25%	75%	50%
	-0	-0	0	0	1	0	0	0	0	0	0
PAT margin %	-13.5%	-3.5%	4%	1.2%	4.8%	3.3%	1.4%	0.6%	1.4%	0.6%	0.1%
EPS (₹)	—	—	0.1	0	0.1	0.1	0.1	0	0	0	0
EPS adjusted (₹)	—	—	—	—	0.1	0.1	0.1	0	0	0	0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5	5
Reserves	—	1	2	2	2	2	2
Minority interest	—	—	—	—	0	0	—
	—	0	0	0	0	0	0
	—	2	4	2	2	3	4
Total equity & liabilities	—	9	12	9	10	11	11
	2	2	2	2	1	2	1
CWIP	—	0	0	0	0	0	0
Investments	—	0	0	0	0	0	0
	—	7	10	8	8	9	10
Total assets	—	9	12	9	10	11	11

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	40.2%	43.6%	38.5%	45.2%	52.2%	53.9%
EBITDA margin %	2.6%	4.5%	2.6%	2.1%	0.2%	1.5%	0.8%	-1.2%
EBIT margin %	0.1%	2.4%	0.8%	0.4%	-1.9%	0.1%	-1.2%	-3.7%
PAT margin %	1.2%	4.8%	3.3%	1.4%	0.6%	1.4%	0.6%	0.1%
Working capital
Receivable days	—	—	45	53	64	51	78	73
Inventory days	—	—	145	105	147	91	153	220
Payable days	—	—	71	36	51	34	92	113
NWC days	—	—	120	122	161	108	139	179
Leverage
Current ratio	—	—	3.35	2.12	3.53	3.04	2.42	2.09
Debt to EBITDA	—	—	0	0	0	0	0	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	57	62	13	28	29	2
Asset turnover	—	—	1.57	1.92	1.42	1.49	1.04	0.96
Return ratios
Return on assets %	—	—	5.1%	2.7%	0.9%	2.1%	0.6%	0.1%
Return on capital employed %	—	—	8.3%	8.8%	1.8%	3.8%	3.9%	0.3%
Return on equity %	—	—	6.6%	4.5%	1.1%	2.7%	0.9%	0.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%	28.74%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%	0.39%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%	70.87%
No. of shareholders	—	—	—	—	—	—	—	—	40,454	39,693	39,077	38,725

Promoter holding up 0 percentage points since Sep 2023.

Mahendra C RaychaChairman & Managing Director
Akshit M RaychaJoint Managing Director
Mr. Prashant Radheshyam GuptaChief Financial Officer
Mr. Parag DaveNon - Executive Independent Director
Mr. Rajesh Chinubhai SutariaNon - Executive Independent Director
Mr. Rutvik Sanjaykumar ThakkarNon - Executive Independent Director
Mr. Akshit Mahendra RaychaExecutive Director
Mr. Mahendra C. RaychaExecutive Director
Mihir Satishkumar ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Zenith Healthcare Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

31 Aug 2026, 2:00 pmCompany Update

Retire By Rotation Of Mrs. Neela M. Raycha (DIN : 01258479) As A Non-Executive Director Of The Company

General PDF

31 Aug 2026, 1:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

31 Aug 2026, 1:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

31 Aug 2026, 12:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Aug 2026, 11:25 amCompany Update

Proceedings Of 32Nd Annual General Meeting Held On 28Th August, 2026

General PDF

28 Aug 2026, 11:22 amAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

19 Aug 2026, 4:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 4:09 pmResult

Submission Of Financial Results For Quarter Ended June 30, 2026

Financial Results PDF

Date	Category	Subject	Filing
31 Aug 2026, 2:00 pm	Company Update General	Retire By Rotation Of Mrs. Neela M. Raycha (DIN : 01258479) As A Non-Executive Director Of The Company	PDF
31 Aug 2026, 1:57 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management

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₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	1	-1	2	1	-1
	-0	-0	-0	-0	-1	1
	0	0	0	0	0	-0
Net cash flow	-2	1	-1	2	-0	0
Free cash flow	-2	1	-1	2	0	-1
CFO / Operating profit %	-408.3%	287%	—	790.9%	744.4%	—

Zenith Healthcare Ltd

Zenith Healthcare Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Zenith Healthcare Ltd

Zenith Healthcare Ltd

About

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Not in the F&O segment

No fund holdings on record

Board meetings1

Ratio timeline

Quarterly record

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1