Zenotech Laboratories (BOM:532039) Cash Conversion Cycle: 90.34 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:532039 Zenotech Laboratories Ltd BOM:532039
72 GF Score
Price ₹46.40
GF Value ₹65.25
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Zenotech Laboratories Cash Conversion Cycle?

Zenotech Laboratories BOM:532039 -2.75% 72 Cash Conversion Cycle is 90.34 as of Mar. 2026. GuruFocus rates BOM:532039 with a GF Score™ of 72/100 and a GF Value™ of ₹65.25 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Zenotech Laboratories's Days Sales Outstanding for the three months ended in Mar. 2026 was 90.34.
Zenotech Laboratories's Days Inventory for the three months ended in Mar. 2026 was 0.
Zenotech Laboratories's Days Payable for the three months ended in Mar. 2026 was 0.
Therefore, Zenotech Laboratories's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 90.34.


Zenotech Laboratories  (BOM:532039) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Zenotech Laboratories Cash Conversion Cycle Related Terms


Zenotech Laboratories Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Zenotech Laboratories's Cash Conversion Cycle can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zenotech Laboratories Cash Conversion Cycle Chart

Zenotech Laboratories Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only -232.81 -242.49 -188.21 -848.07 74.87

Zenotech Laboratories Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -477.45 78.74 31.35 27.12 90.34

BOM:532039 vs ZTS, UTHR: Cash Conversion Cycle Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Zenotech Laboratories's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zenotech Laboratories Cash Conversion Cycle vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zenotech Laboratories's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Zenotech Laboratories's Cash Conversion Cycle falls into.


BOM:532039
72GF Score
Zenotech Laboratories Ltd BOM:532039
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zenotech Laboratories Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Zenotech Laboratories's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=74.87+0-0
=74.87

Zenotech Laboratories's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=90.34+0-0
=90.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 90.34 mean?
Zenotech Laboratories (BOM:532039) has a Cash Conversion Cycle of 90.34 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Zenotech Laboratories and its competitors.
Is Zenotech Laboratories' Cash Conversion Cycle too high?
Zenotech Laboratories' current Cash Conversion Cycle is 90.34. The Drug Manufacturers industry median Cash Conversion Cycle is 146.14. Zenotech Laboratories' value of 90.34 is 38.2% below this industry median. Overall, Zenotech Laboratories has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zenotech Laboratories' Cash Conversion Cycle compare to ZTS and UTHR?
Zenotech Laboratories' Cash Conversion Cycle of 90.34 can be compared against companies in the Drug Manufacturers industry. The industry median Cash Conversion Cycle is 146.14. Zenotech Laboratories' value of 90.34 is 38.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Drug Manufacturers company?
The median Cash Conversion Cycle among Drug Manufacturers companies is 146.14, based on 954 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zenotech Laboratories's current Cash Conversion Cycle of 90.34 is 38.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Zenotech Laboratories and its competitors. For the Drug Manufacturers industry, the median Cash Conversion Cycle is 146.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenotech Laboratories's current Cash Conversion Cycle is 90.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenotech Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Zenotech Laboratories (BOM:532039) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹65.25, compared to a current price of ₹46.40 — trading 28.9% below its estimated fair value. The current Cash Conversion Cycle is 90.34 and 38.2% below the Drug Manufacturers industry median of 146.14. Zenotech Laboratories' overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Zenotech Laboratories (BOM:532039), the current Cash Conversion Cycle is 90.34 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zenotech Laboratories (BOM:532039) Overvalued in 2026?

Based on GuruFocus' analysis, Zenotech Laboratories stock appears to be undervalued. The current stock price of ₹46.40 is trading 28.9% below its estimated GF Value™ of ₹65.25. GuruFocus considers Zenotech Laboratories to be Modestly Undervalued.

Key valuation signals for BOM:532039:

  • Cash Conversion Cycle: 90.34
  • GF Value™: ₹65.25 vs. price of ₹46.40 (28.9% below fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 38.2% below the Drug Manufacturers median

No single metric tells the full story. See the BOM:532039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zenotech Laboratories Business Description

Address Survey No. 250-252, Turkapally Village, Shamirpet Mandal, RR District, Hyderabad, TG, IND, 500 078
Zenotech Laboratories Ltd is an India-based pharmaceutical company. It is a pharmaceutical specialty generic injectables company engaged in the area of manufacturing biotechnology products. The Company's injectables product portfolio serves niche therapy areas like oncology and anesthesiology. It also manufactures products such as granulocyte-colony stimulating factor (GCSF) and Granulocyte-macrophage colony-stimulating factor (GMCSF). The company earns a vast majority of the revenue from the sale of its contract research and manufacturing services.
72GF Score

Get the complete analysis for BOM:532039

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹46.40
Price
₹65.25
GF Value