Zenlabs Ethica Ltd (ZENLABS)

Loading page…

Zenlabs Ethica Ltd (ZENLABS) · mywealthgrid

About

Zenlabs Ethica Ltd operates in Diversified Commercial Services within the Industrials sector.

Face value: ₹10

Market cap

₹18 Cr

P/E

67.6×

P/B

2.1×

Dividend yield

ROE

-20.5%

ROCE

9.5%

Debt / equity

1.22

OPM

3.8%

EPS (TTM)

₹0.4

Book value

₹13.1

52-week high

—

52-week low

—

2,120 historical price candles were omitted because the exchange source has not been verified.

₹28.1-3.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -4.5% (3-yr avg)
−Thin operating margin of 3.8%
−Revenue shrank over the last 5 years (-3.7% a year)
−Weak interest coverage of 1.3×
−Expensive at 67.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

18/100

Business quality: 11
Growth: 0
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

Loading peers…

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
	—	81	72	67	60	57	69	67	59	51	47
COGS	—	-67	-57	-52	49	47	56	-53	-44	-37	34
Gross profit	—	—	—	—	10	10	13	—	—	—	13
	—	146	127	117	11	9	10	117	100	86	11
	—	1	2	2	-1	1	2	3	2	3	2
OPM %	—	1.7%	2.6%	2.9%	-1.4%	2%	3.5%	4.3%	4.1%	5%	3.8%
Depreciation	0	0	0	0	0	0	1	1	1	1	1
Interest	—	0	0	0	0	0	0	1	1	1	1
	—	—	—	—	0	0	0	0	0	0	-2
Profit before tax	0	1	2	2	-1	1	1	1	1	0	-2
Tax	—	0	0	1	-0	0	0	0	0	0	0
Tax %	—	24.1%	23.5%	29.1%	-32.7%	9.8%	34.9%	27.9%	29.3%	34.9%	6.6%
	0	1	1	1	-1	1	1	0	0	0	-2
PAT margin %	—	1.1%	1.8%	1.9%	-1.2%	1.5%	1.2%	0.7%	0.7%	0.5%	-4.1%
EPS (₹)	—	1.5	1.9	2.1	-1.3	1.4	1.3	0.8	0.7	0.3	-3
EPS adjusted (₹)	—	—	—	2	-1.3	1.4	1.2	0.8	0.7	0.4	-3
	—	16.9%	0%	0%	—	0%	0%	32.9%	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	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	7	7	7	7
Reserves	—	1	2	3	3	4	4	2
	—	0	0	1	3	13	12	10
	—	26	23	27	31	17	18	18
Total equity & liabilities	—	34	32	38	43	40	41	37
	1	1	1	1	3	2	2	2
CWIP	—	—	—	—	—	—	—	—
Investments	—	1	1	1	1	1	1	0
	—	32	30	36	40	37	38	35
Total assets	—	34	32	38	43	40	41	37

Loading financials…

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 %	—	17.5%	17.5%	18.4%	—	—	—	27.5%
EBITDA margin %	2.9%	-1.4%	2%	3.5%	4.3%	4.1%	5%	3.8%
EBIT margin %	2.5%	-1.9%	1.5%	2.2%	2.5%	1.9%	2.5%	1.9%
PAT margin %	1.9%	-1.2%	1.5%	1.2%	0.7%	0.7%	0.5%	-4.1%
Working capital
Receivable days	—	135	122	110	118	129	139	122
Inventory days	—	34	40	56	65	78	98	161
Payable days	—	165	150	141	145	79	107	165
NWC days	—	4	12	24	38	128	130	118
Leverage
Current ratio	—	1.23	1.28	1.28	1.27	1.32	1.33	1.29
Debt to EBITDA	—	—	0.21	0.56	1.02	5.39	4.64	5.85
Debt to equity	—	0.04	0.03	0.15	0.31	1.28	1.14	1.22
Interest coverage	24.4	-13.6	24	4.4	3.4	1.7	1.5	1.3
Asset turnover	—	1.76	1.76	1.82	1.54	1.45	1.27	1.26
Return ratios
Return on assets %	—	-2.1%	2.6%	2.2%	1.1%	1%	0.7%	-5.2%
Return on capital employed %	—	-13.5%	11.3%	15.8%	13.8%	10.4%	10.5%	9.5%
Return on equity %	—	-9.9%	9.9%	8.8%	5.1%	4.2%	2.6%	-22.8%

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.

Loading ratios…

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
	59.12%	59.12%	52.98%	52.96%	52.96%	52.96%	52.96%	52.96%	52.96%	52.96%	52.96%	52.96%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	40.88%	40.88%	47.02%	47.04%	47.04%	47.04%	47.04%	47.04%	47.04%	47.04%	47.04%	47.04%
No. of shareholders	—	—	—	—	—	—	—	—	2,712	2,774	2,756	2,717

Promoter holding down 6.16 percentage points since Sep 2023.

30 deals · 21 Oct 2021 – 13 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
13 Mar 2026	USHA JAWAHARLAL KALRO	Bulk	BSE	Sell	36,001	₹20.20	₹0.07 Cr
15 Dec 2025	SHYAMA GOYAL	Bulk	BSE	Sell	60,000	₹22.06	₹0.13 Cr
15 Dec 2025	KAMAL KUMAR GOYAL	Bulk	BSE	Buy	40,000	₹22.03	₹0.09 Cr
16 Jul 2025	USHA JAWAHARLAL KALRO	Bulk	BSE	Sell	38,696	₹36.45	₹0.14 Cr
16 Jul 2025	USHA JAWAHARLAL KALRO	Bulk	BSE	Buy	37,301	₹35.91	₹0.13 Cr
16 Jul 2025	RAJESH KUMAR	Bulk	BSE	Sell	35,604	₹35.92	₹0.13 Cr
21 Mar 2025	USHA JAWAHARLAL KALRO	Bulk	BSE	Buy	43,854	₹30.99	₹0.14 Cr
21 Mar 2025	HITESH BASANT SUNDESHA	Bulk	BSE	Sell	36,972	₹30.99	₹0.11 Cr
21 Mar 2025	USHA JAWAHARLAL KALRO	Bulk	BSE	Sell	6,500	₹31.86	₹0.02 Cr
20 Mar 2025	HITESH BASANT SUNDESHA	Bulk	BSE	Buy	36,972	₹31.03	₹0.11 Cr

1–10 of 30

1 / 3

Sanjeev KumarManaging Director and CEO
Sanjay DhirWhole Time Director & Chief Financial Officer
Anurag MalhotraIndependent Non Executive Director
Mr. Kuldeep SinghNon-Executive Independent Director
Him JyotiWoman Director
Mr. Sanjay DhirChief Financial Officer
Mr. Nikunj GoelCompany Secretary & Compliance Officer

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

Loading shareholding…

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.

Loading f&o…

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 Zenlabs Ethica Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

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

Announcements

Loading documents…

Events

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

2

Interim dividend29 Jul 2022 · ex-date₹0.25
Dividend dividend20 Sept 2017 · ex-date₹0.25

1

Board meeting to consider results12 Aug 2026

1

Bonus 1:2011 Oct 2018 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

32 announcementsExport CSV

1 Oct 2026, 12:31 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 6:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

29 Sept 2026, 6:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

29 Sept 2026, 6:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

Amendments to Memorandum & Articles of Association PDF

29 Sept 2026, 5:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Sept 2026, 3:25 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 2:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 12:14 pmCompany Update

Intimation Regarding Dispatch Of Letter To Shareholders Providing Web-Link Of Annual Report

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 12:31 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 6:10 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	17.5%	17.5%	18.4%	—	—	—	27.5%
EBITDA margin %	2.9%	-1.4%	2%	3.5%	4.3%	4.1%	5%	3.8%
EBIT margin %	2.5%	-1.9%	1.5%	2.2%	2.5%	1.9%	2.5%	1.9%
PAT margin %	1.9%	-1.2%	1.5%	1.2%	0.7%	0.7%	0.5%	-4.1%
Working capital
Receivable days	—	135	122	110	118	129	139	122
Inventory days	—	34	40	56	65	78	98	161
Payable days	—	165	150	141	145	79	107	165
NWC days	—	4	12	24	38	128	130	118
Leverage
Current ratio	—	1.23	1.28	1.28	1.27	1.32	1.33	1.29
Debt to EBITDA	—	—	0.21	0.56	1.02	5.39	4.64	5.85
Debt to equity	—	0.04	0.03	0.15	0.31	1.28	1.14	1.22
Interest coverage	24.4	-13.6	24	4.4	3.4	1.7	1.5	1.3
Asset turnover	—	1.76	1.76	1.82	1.54	1.45	1.27	1.26
Return ratios
Return on assets %	—	-2.1%	2.6%	2.2%	1.1%	1%	0.7%	-5.2%
Return on capital employed %	—	-13.5%	11.3%	15.8%	13.8%	10.4%	10.5%	9.5%
Return on equity %	—	-9.9%	9.9%	8.8%	5.1%	4.2%	2.6%	-22.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
International Gemological Institute LimitedIGILIGIL	₹13,482 Cr	₹13,482 Cr	₹1,363 Cr	₹827 Cr	60.9%	₹610 Cr	44.5%	61.1%	49.1%	36
Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
Nesco LimitedNESCONESCO	₹7,249 Cr	₹7,249 Cr	₹951 Cr	₹482 Cr	52.6%	₹417 Cr	44.3%	17%	14.7%	1
Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102
Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	0	0	-0	2	-9	4	4
	-0	0	-0	0	-1	0	0	0
	-0	-0	-0	0	0	8	-3	-3
Net cash flow	0	0	-0	-0	0	-1	1	1
Free cash flow	0	0	-0	—	—	—	—	4
CFO / Operating profit %	41.2%	—	14.4%	-15.6%	52.4%	-375.9%	149.6%	228.1%

Zenlabs Ethica Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends2

Board meetings1

Bonus issues1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends2

Board meetings1

Bonus issues1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

2

1

1

2

1

1