Valuation · at the close on 16 Oct 2026

ZIL Limited (ZIL) valuation

At Rs 309.56 (close on 16 Oct 2026) ZIL trades at 37.7× earnings (FY2025), below its five-year average of 37.7× and above the Food & Personal Care Products median of 16.1×. The shares are priced at 1.36× book value (sector median 2.36×). Enterprise value of Rs 1.8 bn is 6.1× EBITDA. The dividend yield is 0.8%, against a five-year average of 0.4%.

P/E · today

37.7×

FY2025

5-yr average37.7× Sector median16.1×

P/B · today

1.36×

FY2025

5-yr average1.34× Sector median2.36×

EV/EBITDA · today

6.1×

5-yr average6.0× Sector median8.8×

Dividend yield · today

0.8%

FY2025

5-yr average0.4% Payers' median4.9%

Market value Rs 1.9 bn at Rs 309.56. Sector medians use the latest close of 25 Food & Personal Care Products companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10 All

ZIL valuation history (annual) (Rs mn)

Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Market capitalisation	2,954.1	1,582.1	1,733.3	1,132.7	539.7	679.6	698.0	459.0	551.0	563.2	477.6	608.5	606.9	553.7	315.1	194.2	306.4	673.2	600.0
Enterprise value	2,900.0	1,567.7	1,622.7	1,065.7	739.1	656.7	705.7	610.8	728.5	755.2	729.2	792.3	764.6	638.0	349.8	86.0	156.8	639.0	513.0
Share price (period end) Rs	482.49	258.41	283.10	185.00	88.15	111.00	114.00	74.96	90.00	91.99	78.00	99.39	99.13	90.43	51.47	34.90	50.04	109.95	98.00
P/E (diluted)	58.74×	36.84×	6.99×	48.43×	—	51.25×	10.62×	16.43×	32.65×	143.09×	—	—	18.48×	—	15.43×	6.87×	5.98×	27.99×	14.94×
Price to book	2.12×	1.15×	1.42×	1.16×	0.56×	1.12×	1.14×	0.81×	1.57×	1.64×	1.88×	1.63×	1.25×	1.31×	0.78×	0.55×	0.84×	2.11×	1.95×
Price to sales	0.43×	0.25×	0.31×	0.28×	0.20×	0.28×	0.29×	0.24×	0.34×	0.38×	0.36×	0.47×	0.37×	0.30×	0.20×	0.17×	0.23×	0.61×	0.65×
EV / EBITDA	9.55×	4.78×	2.73×	4.12×	—	4.71×	3.08×	5.43×	7.76×	13.54×	—	—	7.33×	5.89×	5.29×	1.18×	1.30×	9.39×	5.99×
EV / Sales	0.42×	0.25×	0.29×	0.26×	0.27×	0.27×	0.29×	0.32×	0.46×	0.52×	0.54×	0.61×	0.47×	0.35×	0.22×	0.07×	0.12×	0.58×	0.56×
Dividend yield (gross)	0.5%	0.8%	0.0%	0.0%	1.4%	3.2%	1.3%	1.7%	0.6%	0.0%	0.0%	1.3%	1.3%	1.9%	5.9%	9.1%	1.4%	2.0%	3.3%
Free cash flow yield	2.7%	(5.6%)	5.7%	24.9%	(37.5%)	8.3%	32.5%	4.6%	1.8%	9.1%	(15.0%)	(4.4%)	(15.3%)	(8.3%)	(42.2%)	(12.0%)	37.8%	(6.5%)	4.9%
PEG ratio	3.43×	(0.45×)	0.01×	0.45×	—	(0.64×)	0.08×	0.25×	0.10×	1.39×	—	—	—	0.37×	(0.45×)	(0.17×)	0.05×	(0.70×)	(0.48×)
P/E (diluted, normalised)	60.41×	37.00×	7.00×	48.43×	—	47.09×	9.61×	16.43×	32.65×	143.09×	—	—	18.48×	—	15.43×	6.87×	5.98×	27.99×	14.42×
Price to book — 5-year average	1.34×	1.10×	1.09×	0.94×	0.95×	1.19×	1.29×	1.41×	1.55×	—	—	—	—	1.09×	1.18×	1.48×	1.94×	2.21×	2.18×
EV / EBITDA — 5-year average	5.97×	4.88×	4.52×	6.53×	8.31×	5.48×	8.67×	42.41×	48.86×	—	—	—	—	4.28×	4.22×	4.25×	5.27×	6.25×	5.27×
Dividend yield — 5-year average	0.4%	0.7%	0.8%	1.3%	1.7%	1.4%	0.7%	0.7%	0.7%	—	—	—	—	3.2%	3.6%	2.9%	2.2%	2.2%	2.3%

ZIL valuation: frequently asked questions

What is ZIL's P/E ratio? +

At the closing price of Rs 309.56 on 16 Oct 2026, ZIL trades at a P/E of 37.7× based on EPS of Rs 8.21 (FY2025).

What is ZIL's book value per share? +

ZIL Limited's book value per share was Rs 227.83 at the end of FY2025. The shares trade at 1.36× book value.

Information only, not investment advice.