Zenlabs Ethica quarterly results and financials

Zenlabs Ethica (BSE 530697)₹25.60+0.39%(9 Nov 2026 close)Diversified Commercial Services

Key facts

In the Mar 2026 quarter (standalone), Zenlabs Ethica reported sales of ₹10.56 Cr, down 18.6% from Mar 2025, and net profit of ₹0 Cr, down 100.0% year on year. For the year to Mar 2026, sales were ₹46.83 Cr and net profit −₹1.93 Cr.

Sales (Mar 2026): ₹10.56 Cr
Net profit (Mar 2026): ₹0 Cr
Sales (FY Mar 2026): ₹46.83 Cr
Net profit (FY Mar 2026): −₹1.93 Cr
EPS (Mar 2026): ₹0.00
Borrowings (Mar 2026): ₹10.94 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Zenlabs Ethica quarterly results

₹ crore unless stated; each column is a quarter.

Zenlabs Ethica Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	13.54	14.03	15.57	15.31	12.35	13.34	12.71	12.97	11.47	12.41	12.41	10.56
Expenses	13.06	13.64	14.92	14.60	11.76	12.74	12.05	12.35	10.94	12.00	11.93	10.32
Operating Profit	0.52	0.43	0.68	0.75	0.61	0.61	0.67	0.65	0.54	0.44	0.51	0.26
OPM %	3.9%	3.1%	4.4%	5.0%	5.0%	4.7%	5.4%	5.1%	4.8%	3.6%	4.2%	2.6%
Other Income	0.06	0.23	0.00	0.03	0.00	0.00	0.00	0.05	0.00	0.07	−2.09	0.13
Interest	0.15	0.20	0.21	0.24	0.22	0.22	0.23	0.22	0.20	0.18	0.22	0.17
Depreciation	0.33	0.33	0.33	0.34	0.33	0.32	0.33	0.32	0.30	0.25	0.24	0.15
Profit before tax	0.09	0.12	0.14	0.19	0.06	0.07	0.11	0.15	0.04	0.07	−2.01	0.06
Tax %	30.0%	30.8%	26.7%	25.0%	42.9%	25.0%	33.3%	43.8%	20.0%	50.0%	0.0%	114.3%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−2.01	0.00
Net Profit	0.06	0.08	0.10	0.14	0.03	0.04	0.08	0.08	0.02	0.03	−2.00	0.00
EPS (Rs)	0.10	0.13	0.16	0.22	0.05	0.07	0.13	0.13	0.04	0.05	−3.08	0.00

Zenlabs Ethica profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Zenlabs Ethica Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	15.07	78.58	69.70	65.27	58.43	56.58	69.01	66.80	58.47	51.34	46.83	46.85
Expenses	14.92	77.43	68.14	63.41	59.32	54.97	66.81	64.04	56.25	48.91	45.16	45.19
Operating Profit	0.19	1.44	1.84	2.08	−0.69	1.74	2.38	2.90	2.40	2.57	1.78	1.75
OPM %	1.3%	1.9%	2.7%	3.2%	−1.2%	3.1%	3.5%	4.4%	4.1%	5.0%	3.8%	3.7%
Other Income	−0.04	0.09	0.11	0.11	0.06	0.12	0.10	−0.46	0.31	0.05	−1.91	−1.89
Interest	0.01	0.09	0.08	0.06	0.22	0.28	0.36	0.52	0.82	0.92	0.80	0.77
Depreciation	0.07	0.21	0.21	0.24	0.30	0.72	0.90	1.26	1.30	1.27	0.90	0.94
Profit before tax	0.08	1.22	1.65	1.88	−1.16	0.85	1.21	0.67	0.58	0.42	−1.80	−1.84
Tax %	−88.8%	22.0%	29.6%	32.9%	−36.7%	10.5%	36.1%	26.5%	27.1%	37.3%	6.7%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−2.01	−2.01
Net Profit	0.16	0.94	1.15	1.25	−0.72	0.76	0.77	0.48	0.41	0.26	−1.93	−1.95
EPS (Rs)	0.25	1.45	1.77	1.93	−1.11	1.17	1.19	0.74	0.64	0.40	−2.97	−2.99
Dividend payout %	0.0%	16.3%	0.0%	0.0%	0.0%	0.0%	0.0%	33.2%	0.0%	0.0%	0.0%	—

Zenlabs Ethica balance sheet

₹ crore, at each year end.

Zenlabs Ethica Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.62	6.22	6.22	6.21	6.53	6.53	6.50	6.52	6.53	6.51	6.49	6.50
Reserves	−1.64	−1.40	−0.42	0.80	1.76	0.89	2.04	2.81	3.18	3.61	3.91	1.99
Borrowings	0.00	1.08	0.95	0.84	0.59	0.72	2.59	3.89	5.84	14.81	12.66	10.94
Other Liabilities	1.76	24.37	26.51	21.85	25.89	25.74	20.94	24.54	27.82	15.21	17.40	17.63
Total Liabilities	3.74	30.27	33.26	29.70	34.77	33.88	32.07	37.76	43.37	40.14	40.46	37.06
Fixed Assets	0.07	1.69	1.51	1.34	1.37	1.13	3.52	3.54	5.04	3.71	2.30	1.88
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	1.24	0.94	0.69	0.69	0.69	0.69	0.69	0.69	0.69	0.69	0.00
Other Assets	3.67	27.34	30.81	27.67	32.71	32.06	27.86	33.53	37.64	35.74	37.47	35.18
Inventories	0.00	8.21	6.16	1.75	4.46	4.61	5.19	8.65	11.38	12.01	13.11	15.03
Trade receivables	0.47	16.45	23.20	24.17	24.94	22.21	18.85	20.71	21.66	20.69	19.50	15.68
Cash & equivalents	0.03	2.50	1.15	1.24	1.68	2.10	1.71	1.52	1.65	0.94	1.81	2.92
Total Assets	3.74	30.27	33.26	29.70	34.77	33.88	32.07	37.76	43.37	40.14	40.46	37.06

Zenlabs Ethica cash flow

₹ crore, for each year.

Zenlabs Ethica Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.03	0.93	−1.07	0.37	0.81	0.46	−8.43	−0.39	1.53	−9.09	3.84	4.07
Cash from investing activity	0.00	−1.70	−0.03	−0.04	−0.23	0.02	0.16	0.00	−1.48	0.12	0.15	0.00
Cash from financing activity	0.00	3.24	−0.28	−0.24	−0.15	−0.04	−0.53	0.32	0.07	8.27	−3.09	−2.96
Net cash flow	0.01	2.46	−1.34	0.08	0.43	0.42	−8.77	−0.06	0.10	−0.70	0.87	1.10
Capex	0.00	1.68	0.01	0.02	0.38	0.04	0.00	0.02	1.54	0.01	0.01	0.00
Free cash flow	0.01	−0.76	−1.07	0.32	0.50	0.41	−8.34	−0.40	−0.02	−9.07	3.97	4.07
CFO / OP %	−40.0%	460.1%	−72.9%	19.0%	38.0%	−64.0%	−474.9%	−11.0%	62.1%	−371.0%	157.1%	234.1%

Zenlabs Ethica ratios

Working-capital days and returns, by year.

Zenlabs Ethica Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	—	399	109	127	140	140	123	111	119	130	140	123
Inventory days	—	249	33	10	30	33	39	55	77	99	127	160
Days payable	—	664	135	125	160	164	149	140	173	100	139	164
Cash conversion cycle	—	−18	6	12	9	7	12	24	22	128	127	118
Working capital days	—	5	13	22	28	24	28	35	35	47	53	39
ROCE %	−3.0%	10.0%	21.1%	24.0%	24.1%	−11.0%	12.0%	13.1%	12.5%	7.0%	5.7%	5.1%

Zenlabs Ethica: frequently asked questions

What are the latest quarterly results of Zenlabs Ethica?

For the Mar 2026 quarter, Zenlabs Ethica reported sales of ₹10.56 Cr, down 18.6% year on year and net profit of ₹0 Cr, down 100.0% year on year. The operating margin was 2.6%.

What is the annual revenue of Zenlabs Ethica?

Zenlabs Ethica's sales for the year to Mar 2026 were ₹46.83 Cr; over the last twelve months they were ₹46.85 Cr.

What is the net profit of Zenlabs Ethica?

Net profit for the year to Mar 2026 was −₹1.93 Cr, and −₹1.95 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.99.

How much debt does Zenlabs Ethica have?

Zenlabs Ethica reported borrowings of ₹10.94 Cr at Mar 2026, against cash and equivalents of ₹2.92 Cr.

What is the free cash flow of Zenlabs Ethica?

Cash from operations was ₹4.07 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹4.07 Cr.

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