Zenith Computers Ltd (ZENITHCOMP)
🎯 Key Takeaways
- Zenith Computers Ltd appears to be in a severe distress phase, marked by persistent losses, negative cash flows, and deteriorating financial metrics. The company has reported zero revenue across all recent quarters with mounting operational losses, signaling a breakdown in core business viability.
- ⚠️ Complete absence of revenue across all recent quarters suggests the business model is no longer viable.
- ROE
- 25.9%
- ROCE
- -133.0%
- Debt/Equity
- -1.20
📖 The Story
Zenith Computers Ltd appears to be in a severe distress phase, marked by persistent losses, negative cash flows, and deteriorating financial metrics. The company has reported zero revenue across all recent quarters with mounting operational losses, signaling a breakdown in core business viability. Despite a high historical ROE of 27.1%, current ROCE is deeply negative at -120.1%, reflecting capital inefficiency and unsustainable operations. The business seems to be in a terminal decline, with no signs of revenue recovery or operational restructuring.
📰 What's Happening
The company has not announced any new orders, expansions, or strategic initiatives in the latest filings. Management has not provided forward-looking guidance or operational updates in the recent quarterly results. There are no indications of new product launches, partnerships, or turnaround plans. The absence of revenue-generating activities suggests a complete halt in business operations or potential delisting considerations.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -1 | -1 | -19 | -0 |
| OPM % | -446.0% | — | — | — |
| Net Profit | -1 | -1 | -19 | -0 |
| EPS | ₹-0.36 | ₹-0.38 | ₹-12.09 | ₹-0.11 |
Revenue has remained consistently zero across all recent quarters (Dec 2017 to Mar 2017), with operating and net losses widening over time. The company posted a net loss of ₹-19 in September 2017, which slightly improved to ₹-1 in March 2017, but this was not accompanied by any revenue generation. The financial trajectory indicates a business that is no longer operational or has been fully wound down, with minimal cash flow and no recovery in sight.
🔮 Management Outlook & What's Next
There is no available forward guidance or management commentary on future prospects in the provided filing content. Management has not provided any strategic roadmap, recovery plans, or timelines for revenue generation. The lack of commentary on future performance suggests either complete operational shutdown or imminent delisting, with no active business narrative being communicated.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2016 | Mar 2017 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 |
| Reserves | -89 | -93 | -92 | -126 |
| Borrowings | 91 | 92 | 91 | 92 |
| Total Liabilities | 60 | 52 | 59 | 18 |
| Fixed Assets | 33 | 0 | 0 | 12 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 60 | 52 | 59 | 18 |
The balance sheet shows a sharp decline in total assets from ₹59 crore in March 2017 to ₹18 crore by March 2018, indicating asset stripping or write-downs. Equity remains flat at ₹16 crore, but reserves have deteriorated significantly from ₹-92 to ₹-126 crore, reflecting accumulated losses. Borrowings remain high at ₹92 crore, contributing to a negative debt-to-equity ratio of -1.23, which signals financial instability and potential solvency concerns.
⚖️ Peer Comparison — IT - Hardware
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Complete absence of revenue across all recent quarters suggests the business model is no longer viable. 2. Persistent net and operating losses with no signs of recovery indicate severe operational distress. 3. Negative ROCE and deteriorating reserves highlight unsustainable capital consumption. 4. High and stable borrowings amid zero revenue raise solvency risks and potential default concerns.
🧠 Analyst's Read
Zenith Computers is effectively defunct, with no operational or financial recovery underway. Investors should monitor for delisting announcements or insolvency proceedings, as the company shows no credible path to revival. The lack of revenue, mounting losses, and deteriorating balance sheet make it a high-risk entity with no visible turnaround catalyst.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
📡 Get AI alerts when ZENITHCOMP files new disclosures
Track ZENITHCOMP filings, board meetings, and corporate actions. Free email alerts at 5 PM.
Track ZENITHCOMP — FreeFree account · 2 AI queries/day