ZTL Zephyr Textiles Limited

Zephyr Textiles Limited (ZTL) financial ratios

Zephyr Textiles Limited earned a net margin of 0.1% in FY2026 against a five-year average of 1.2% (Textile Weaving median 0.8%). Return on equity was 0.3%, compared with a sector median of 0.7%. The current ratio stood at 1.01× and debt was 89.2% of equity. Cash took about 95 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Weaving median

Gross margin: 11.2%; Sector median 9.3%
Operating margin: 3.9%; Sector median 3.9%
Net margin: 0.1%; Sector median 0.8%
Return on equity (ROE): 0.3%; Sector median 0.7%
Return on assets (ROA): 0.1%; Sector median 0.4%
Current ratio: 1.01×; Sector median 1.18×
Debt to equity: 89.2%; Sector median 103.0%
Asset turnover: 1.11×; Sector median 0.76×
Dividend payout ratio: 0.0%; Sector median 17.7%

Median of the 6 companies in the sector with the figure for their latest fiscal year.

ZTL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012
Profitability
Gross margin	11.2%	9.8%	10.7%	13.2%	10.0%	13.2%	9.3%	10.3%	10.9%	11.5%	10.1%	8.7%	9.7%	9.4%	10.1%
EBITDA margin	7.0%	7.0%	6.5%	9.6%	7.3%	10.6%	8.5%	9.1%	10.8%	11.3%	10.4%	14.6%	10.7%	13.2%	12.3%
Operating margin	3.9%	4.2%	4.1%	7.1%	4.8%	7.7%	4.6%	5.8%	6.8%	7.1%	6.6%	10.4%	6.7%	9.4%	7.4%
Pre-tax margin	0.4%	(0.3%)	0.7%	4.7%	3.5%	5.9%	1.8%	2.9%	3.0%	2.4%	3.4%	6.0%	2.1%	3.2%	1.1%
Net margin	0.1%	0.0%	0.5%	3.0%	2.5%	4.9%	1.3%	2.3%	2.4%	1.8%	2.7%	5.4%	1.5%	3.0%	0.5%
Effective tax rate	77.9%	—	23.6%	35.8%	30.3%	16.3%	27.9%	20.7%	20.2%	23.2%	19.1%	10.0%	28.6%	6.9%	57.8%
Returns
Return on equity (ROE)	0.3%	0.1%	1.8%	10.4%	9.2%	17.1%	3.4%	7.4%	7.0%	5.1%	8.3%	17.5%	6.1%	13.6%	—
Return on assets (ROA)	0.1%	0.0%	0.8%	4.3%	3.5%	6.2%	1.3%	2.8%	2.6%	1.9%	3.2%	6.1%	1.9%	3.6%	—
Return on invested capital (ROIC)	0.8%	—	6.4%	9.1%	6.4%	10.5%	3.8%	6.3%	5.6%	4.1%	6.1%	7.8%	2.5%	4.5%	—
Liquidity
Current ratio	1.01×	0.98×	1.00×	1.07×	1.06×	1.11×	1.10×	1.10×	1.10×	1.09×	1.25×	1.26×	0.77×	0.73×	0.59×
Quick ratio	0.47×	0.43×	0.38×	0.50×	0.48×	0.54×	0.55×	0.60×	0.51×	0.43×	0.56×	0.53×	0.32×	0.31×	0.21×
Leverage
Debt to equity	89.2%	80.2%	56.6%	56.6%	75.6%	92.6%	107.6%	105.8%	112.9%	123.5%	109.7%	115.7%	139.9%	165.7%	266.9%
Debt to capital	47.2%	44.5%	36.1%	36.1%	43.0%	48.1%	51.8%	51.4%	53.0%	55.3%	52.3%	53.6%	58.3%	62.4%	72.7%
Debt to assets	31.6%	30.0%	25.6%	24.4%	30.1%	34.0%	38.7%	41.0%	41.3%	46.3%	42.6%	43.9%	44.8%	49.1%	59.4%
Assets to equity	2.75×	2.44×	2.27×	2.41×	2.61×	2.75×	2.68×	2.65×	2.70×	2.62×	2.60×	2.86×	3.24×	3.82×	—
Efficiency
Asset turnover	1.11×	1.33×	1.45×	1.43×	1.42×	1.27×	1.00×	1.21×	1.07×	1.05×	1.18×	1.13×	1.24×	1.20×	—
Receivable days days	80	56	48	47	47	59	76	63	53	45	44	40	33	33	—
Inventory days days	118	96	85	88	88	97	106	88	107	106	89	89	78	84	—
Payable days days	102	80	73	76	68	69	64	49	50	41	38	35	28	26	—
Cash conversion cycle days	95	72	60	59	67	87	118	102	110	110	94	93	83	90	—
Dividends
Dividend payout ratio	0.0%	0.0%	0.0%	12.5%	16.3%	0.0%	54.0%	25.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings retention rate	1.00×	1.00×	1.00×	0.88×	0.84×	1.00×	0.46×	0.75×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

ZTL: frequently asked questions

What is ZTL's EPS?

Zephyr Textiles Limited reported basic earnings per share of Rs 0.11 for FY2026 (Jul 2025 – Jun 2026).

What is ZTL's P/E ratio?

At the closing price of Rs 15.36 on 16 Oct 2026, ZTL trades at a P/E of 135.4× based on EPS of Rs 0.11 (FY2026).

Does ZTL pay dividends?

Zephyr Textiles Limited did not declare a cash dividend for FY2026.

What was ZTL's revenue and profit in FY2026?

Zephyr Textiles Limited reported revenue of Rs 7.8 bn and profit attributable to shareholders of Rs 6.7 mn for FY2026 (Jul 2025 – Jun 2026).

What is ZTL's book value per share?

Zephyr Textiles Limited's book value per share was Rs 42.80 at the end of FY2026. The shares trade at 0.36× book value.

Information only, not investment advice.