---
title: "Zenith Infotech Ltd (ZENITHINFO) — Share Price, Financials & Analysis"
symbol: "ZENITHINFO"
company: "Zenith Infotech Ltd"
canonical: "https://tapetide.com/stocks/ZENITHINFO"
generated_at: "2026-10-13T10:58:15.619Z"
---

# Zenith Infotech Ltd (ZENITHINFO)

Canonical page: https://tapetide.com/stocks/ZENITHINFO

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** zenithinfotech.com

## About

Zenith Infotech Limited (Zenith) is a software company. The Company is engaged in the manufacture, distribution, marketing, sale of software products and information technology (IT) services.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.11 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.14% over past five years.
- Company has a low return on equity of -40.8% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 264 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -71% | — | — |
| revenue growth | -2% | -21% | 3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 38 | 42 | 41 | 33 | 30 |
| Expenses | 57 | 55 | 65 | 62 | 50 | 45 |
| Operating Profit | -21 | -17 | -23 | -21 | -17 | -15 |
| OPM % | -59 | -46 | -56 | -51 | -51 | -50 |
| Other Income | -18 | 0 | 4 | 2 | 1 | 1 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 5 | 4 | 4 | 4 |
| Profit before tax | -43 | -22 | -25 | -24 | -21 | -19 |
| Tax % | 0 | 0 | 1 | 0 | 0 | 0 |
| Net Profit | -43 | -22 | -25 | -24 | -21 | -19 |
| EPS in Rs | -34.22 | -17.03 | -19.51 | -19 | -16.28 | -14.97 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 18m | Sep 2012 | Sep 2013 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 45 | 80 | 131 | 223 | 313 | 548 | 155 | 153 | 146 |
| Expenses | 32 | 44 | 70 | 126 | 240 | 553 | 214 | 257 | 222 |
| Operating Profit | 13 | 37 | 61 | 97 | 73 | -4 | -59 | -105 | -76 |
| OPM % | 28 | 46 | 47 | 44 | 23 | -0.8 | -38 | -69 | -52 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 146 | 5 | 6 | 7 |
| Interest | 0 | 4 | 6 | 9 | 25 | 54 | 1 | 2 | 1 |
| Depreciation | 1 | 5 | 14 | 33 | 45 | 41 | 13 | 16 | 18 |
| Profit before tax | 12 | 28 | 41 | 56 | 4 | 47 | -68 | -116 | -88 |
| Tax % | 8 | 6 | 2 | 11 | -8 | 64 | 0 | 0 | — |
| Net Profit | 11 | 26 | 40 | 50 | 4 | 17 | -68 | -117 | -88 |
| EPS in Rs | — | — | 32.83 | 40.64 | 3.08 | 13.24 | -53.74 | -91.91 | -69.76 |
| Dividend Payout % | 16 | 7 | 4 | 5 | 65 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Sep 2012 | Sep 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 13 |
| Reserves | 39 | 58 | 96 | 143 | 147 | 163 | 133 | 58 |
| Borrowings | 5 | 144 | 332 | 319 | 307 | 369 | 307 | 310 |
| Other Liabilities | 4 | 10 | 38 | 48 | 47 | 162 | 184 | 197 |
| Total Liabilities | 60 | 223 | 478 | 522 | 514 | 707 | 637 | 577 |
| Fixed Assets | 11 | 75 | 175 | 209 | 181 | 109 | 269 | 281 |
| CWIP | 20 | 0 | 0 | 4 | 8 | 0 | 0 | 0 |
| Investments | 0 | 0 | 45 | 2 | 64 | 40 | 14 | 87 |
| Other Assets | 30 | 148 | 258 | 308 | 261 | 558 | 354 | 210 |
| Total Assets | 60 | 223 | 478 | 522 | 514 | 707 | 637 | 577 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Sep 2012 | Sep 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 34 | 47 | -27 | 36 | -11 | -20 | -16 |
| Cash from Investing Activity | -6 | -50 | -159 | -28 | -126 | 182 | -142 | -94 |
| Cash from Financing Activity | 4 | 131 | 178 | 3 | -2 | 59 | -20 | 42 |
| Net Cash Flow | -4 | 116 | 66 | -52 | -92 | 230 | -182 | -68 |
| Free Cash Flow | -5 | -16 | -67 | -173 | -27 | 29 | -193 | -43 |
| CFO/OP | -9 | 97 | 80 | -20 | 57 | 284 | -16 | 42 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Sep 2011 | Sep 2012 | Sep 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 172 | 120 | 125 | 139 | 117 | 99 | 318 | 264 |
| Cash Conversion Cycle | 172 | 120 | 125 | 139 | 117 | 99 | 318 | 264 |
| Working Capital Days | 199 | 96 | 82 | 199 | 205 | 117 | 409 | 317 |
| ROCE % | — | 24 | 14 | 14 | 6 | 14 | -13 | -27 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.56 | Sell |
| EMA (10) | 31.44 | Sell |
| SMA (20) | 34.02 | Sell |
| EMA (20) | 32.68 | Sell |
| SMA (50) | 34.88 | Sell |
| EMA (50) | 35.89 | Sell |
| SMA (100) | 43.15 | Sell |
| EMA (100) | 38.34 | Sell |
| SMA (200) | 39.02 | Sell |
| EMA (200) | 35.55 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.1 | Neutral |
| MACD (12,26,9) | -1.54 | Sell |
| Stochastic (14,3,3) | 6.47 | Buy |
| ADX (14) | 22.87 | Neutral |
| Williams %R (14) | -83.74 | Buy |
| ATR (14) | 2.25 | High Volatility |
| ROC (12) | -19.08 | Sell |
| Stoch RSI (14) | 25.82 | Neutral |
| UO (7,14,28) | 34.06 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| Sep 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/532298/5322980912.pdf) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_2620_ZENITHINFO_2011_2012_21102013140007.zip) |
| Sep 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/532298/5322980911.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:15.619Z.