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Zenith Steel Pipes & Industries Limited

NSE: ZENITHSTL · Unclassified

₹4.91+0.82%06 Nov 2026

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Instant answers about Zenith Steel Pipes & Industries Limited — computed from its filings, no language model
Market cap₹70 cr
Current price₹4.91
High / Low₹9 / ₹5
P/E225.4
P/B—
Book value₹-17.4
ROE—
ROCE—
Debt / equity—
Dividend yield—
EPS (TTM)₹0.02
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 7 periods
FY20FY21FY22FY23FY24FY25FY26
Revenue101.477.9163.1164.9143.2119.153.4
EBITDA-28.6-1.514.4-12.5-0.3-5.2-16.2
Operating margin-28.2%-2.0%8.8%-7.6%-0.2%-4.4%-30.4%
Interest4.73.57.03.52.92.52.5
Depreciation8.92.82.72.52.61.91.9
Profit before tax-28.32.914.1-11.3-0.50.54.5
Tax0.00.01.60.00.00.00.0
Net profit-28.3-13.611.6-14.40.00.00.0
EPS ₹-2.16-0.950.83-1.01-0.050.020.31
Operating cash flow——-2.917.34.77.3-1.0
Capex——0.53.71.40.50.2
Dividend paid——0.00.00.00.00.0
Total assets———168.9182.0158.6153.9
Equity———-256.2-256.9-256.8-248.9

Quarterly performance

last 28 quarters · ₹ crore
showing latest 8 of 28 periods
JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22SEP '22DEC '22MAR '23JUN '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue27.127.429.017.914.420.915.527.119.641.743.555.549.924.930.624.445.843.128.530.135.724.818.914.09.411.37.212.5
Operating profit-0.3-1.43.8-30.6-3.2-3.8-0.76.0-0.13.30.97.5-16.70.32.2-1.10.66.7-2.6-0.60.0-2.0-4.5-5.4-3.6-2.6-0.1-2.0
Operating margin-1.3%-5.1%13.0%-171.2%-22.4%-18.4%-4.7%22.1%-0.4%7.9%2.0%13.5%-33.5%1.2%7.2%-4.4%1.3%15.6%-9.3%-1.9%0.0%-8.2%-23.5%-38.7%-38.5%-22.9%-1.7%-15.9%
Other income0.10.3-0.213.60.20.54.65.40.50.02.91.05.40.70.20.20.24.51.91.30.96.16.57.36.23.81.73.4
Interest1.91.31.10.30.90.71.00.90.84.40.81.01.51.01.00.70.70.70.60.60.60.60.60.60.60.60.60.6
Depreciation1.51.51.54.41.50.70.70.81.00.50.60.60.60.60.60.70.70.60.50.50.50.50.50.50.50.50.50.5
Profit before tax-3.7-4.10.9-21.4-5.4-4.72.29.7-1.5-1.52.414.7-13.4-0.60.8-2.3-0.610.0-1.9-0.4-0.23.01.00.71.51.40.50.3
Tax0.00.00.00.00.00.00.00.00.01.60.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net profit0.00.00.9-21.4-5.40.0-8.76.2-1.8-3.40.014.70.00.00.3-2.40.00.0-1.9-0.40.00.01.00.00.00.00.00.3
EPS ₹0.28-0.320.07-1.63-0.410.44-0.610.44-0.12-0.240.151.04-0.98-0.050.01-0.16-0.040.69-0.13-0.03-0.010.200.070.050.100.100.030.02
Revenue YoY————-46.9%-23.9%-46.6%51.8%36.0%99.8%181.7%104.3%19.5%-42.8%-44.9%—84.2%40.9%16.9%—-22.1%-42.4%-33.6%-53.3%-73.7%-54.5%-62.1%-11.2%
Profit YoY——————-1011.6%————135.4%——-98.2%——-100.0%————————-100.0%—

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Zenith Steel Pipes & Industries Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods
FY09†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue578.2472.2280.2158.474.996.886.6128.6138.9
Operating profit37.427.4-16.5-120.6-49.5-15.1-20.1-41.2-111.0
Operating margin6.5%5.8%-5.9%-76.2%-66.1%-15.6%-23.2%-32.0%-79.9%
Other income———————17.011.1
Interest13.319.722.741.19.29.97.47.16.8
Depreciation5.05.15.56.57.76.16.27.36.0
Profit before tax19.62.6-44.7-147.9-66.4-32.6-33.9-39.2-119.3
Tax7.11.10.056.06.60.00.00.00.0
Net profit12.51.6-44.7-203.9-73.0-32.6-33.9-39.2-119.3

Quarters

showing latest 8 of 44 periods
SEP '07†DEC '07†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†JUN '10†SEP '10†DEC '10†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†
Revenue110.2123.7118.5147.3162.7149.7139.7127.0155.0129.8106.1138.3139.0129.1116.987.290.681.771.536.542.959.323.233.114.122.75.832.419.923.015.238.826.921.412.925.439.826.727.734.329.537.737.134.7
Operating profit4.38.64.06.611.015.89.38.412.69.810.19.810.77.67.21.94.4-11.4-3.2-6.4-12.7-21.3-5.6-81.0-25.2-19.9-10.45.9-1.62.0-0.4-15.1-1.5-1.6-2.3-14.7-2.60.21.9-40.7-6.9-17.62.0-88.5
Operating margin3.9%6.9%3.4%4.5%6.7%10.6%6.7%6.6%8.1%7.6%9.6%7.1%7.7%5.9%6.2%2.2%4.9%-13.9%-4.4%-17.5%-29.7%-36.0%-24.2%-244.8%-178.6%-87.7%-180.9%18.3%-8.2%8.8%-2.8%-38.9%-5.5%-7.3%-17.9%-57.8%-6.5%0.9%6.8%-118.6%-23.5%-46.6%5.4%-255.1%
Other income5.31.22.9——-2.5—0.8————————————————————————————4.00.1-0.113.11.20.5-1.210.6
Interest3.72.81.53.04.14.72.01.12.63.42.61.94.24.94.46.26.14.85.86.05.414.011.610.21.50.36.60.82.12.91.83.11.91.91.91.81.81.81.71.71.71.81.71.7
Depreciation1.11.21.21.21.31.41.41.41.61.31.31.31.21.21.21.51.21.41.61.31.42.11.51.52.90.72.71.41.51.61.51.51.61.61.61.51.81.81.82.01.51.51.51.5
Profit before tax4.75.84.22.45.67.35.96.78.45.26.26.65.21.51.6-5.8-2.8-17.6-10.6-13.7-19.5-37.3-18.7-72.3-29.6-20.9-19.73.7-5.2-2.5-3.8-21.1-4.9-5.0-5.8-18.2-2.3-3.3-1.8-31.8-9.0-20.5-8.7-81.1
Tax0.60.71.50.92.02.82.12.23.81.51.82.21.70.50.5-1.70.00.00.00.00.00.00.056.00.00.00.06.60.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net profit4.15.12.71.53.74.63.94.54.63.64.54.43.51.01.1-4.1-2.8-17.6-10.6-13.7-19.5-37.3-18.7-128.3-29.6-20.9-19.7-2.9-5.2-2.5-3.8-21.1-4.9-5.0-5.8-18.2-2.3-3.3-1.8-31.8-9.0-20.5-8.7-81.1
EPS ₹1.031.270.680.380.921.140.961.121.140.340.340.340.270.080.08-0.31-0.22-1.34-0.81-1.04-1.49-5.20-1.43-9.77-2.25-1.59-1.50-0.22-0.40-0.19-0.29-1.61-0.04-0.38-0.04-1.38-0.19-0.18-0.30-2.42-0.68-0.16-0.07-6.18
Revenue YoY———33.6%31.5%—17.8%-13.8%-4.7%-7.0%-16.5%-10.8%7.0%21.7%-15.5%—-34.8%-36.7%-38.9%-58.2%-52.7%-27.5%-67.6%-9.3%-67.1%-61.7%-75.2%-2.1%41.2%1.2%164.0%19.8%35.2%-7.0%-14.8%-34.5%48.0%25.2%114.2%35.1%-25.9%40.9%33.9%1.1%
Profit YoY———-62.8%-28.0%—40.9%190.9%24.8%-5.4%-0.4%-4.4%-3.8%-77.1%-74.9%—-180.6%-1821.6%-1064.5%—————————————————————————

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 19 periods
MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '23SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Net margin-20.2%-29.2%-31.5%-51.7%-10.0%-5.1%-7.3%0.8%5.9%-1.6%-1.6%-1.7%-2.0%0.5%1.0%1.4%1.8%0.0%0.8%
EBITDA margin-28.2%-35.5%-41.3%-55.9%-2.3%1.7%8.2%7.7%7.2%-11.8%2.8%2.6%-4.4%-6.4%-12.8%-23.1%-30.0%-28.1%-20.6%
Interest coverage-5.08-7.34-9.46-9.361.532.672.252.333.02-2.723.613.891.192.352.803.452.852.652.49
Asset turnover—————————0.770.820.760.750.690.600.430.350.270.25

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital142.3142.3142.3142.3142.3142.3142.3142.3
Other equity / reserves-398.4-398.5-399.1-401.5-399.0-393.8-391.2-390.5
Total equity-256.1-256.2-256.9-259.2-256.8-251.5-248.9-248.2
Borrowings199.9219.6215.2215.1215.1215.3220.2220.3
Current liabilities437.2407.4405.6405.9382.5366.6356.0360.1
Non-current liabilities17.917.833.233.232.939.646.946.4
Total assets199.0168.9182.0179.8158.6154.7153.9158.3
Property, plant & equipment44.444.543.642.841.740.839.939.1
Capital work-in-progress0.01.00.81.01.21.31.31.3
Investments0.00.00.00.00.00.00.00.0
Inventories18.020.919.96.87.87.56.09.0
Receivables58.147.159.165.856.555.557.157.6
Cash & equivalents4.65.30.41.23.01.01.11.4

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations-2.917.34.77.3-1.0
Cash from investing10.4-3.7-2.4-2.6-1.2
Cash from financing-7.5-11.3-7.1-2.50.4
Capex0.53.71.40.50.2
Free cash flow-3.413.63.46.8-1.3
Dividends paid0.00.00.00.00.0

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹39.1 cr25%
CWIP
₹1.3 cr1%
Inventories
₹9.0 cr6%
Receivables
₹57.6 cr36%
Cash & equivalents
₹1.4 cr1%
Other assets
₹49.9 cr32%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Zenith Steel Pipes & Industries Limited704.91225.4——

StoxGud checklist: Bearish setup · 1/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-7.0%
6 months-23.4%
1 year-46.2%
3Y CAGR-6.2%
5Y CAGR+30.5%
10Y CAGR+23.4%
50-day avg₹5.28
200-day avg₹5.56
RSI (14)41

FAQs

What is the share price of Zenith Steel Pipes & Industries Limited?

Zenith Steel Pipes & Industries Limited (ZENITHSTL) closed at ₹4.91 on NSE on 06 Nov 2026.

What is the market cap of Zenith Steel Pipes & Industries Limited?

₹70 crore at the latest close.

What is the P/E ratio of Zenith Steel Pipes & Industries Limited?

225.4, on trailing-twelve-month earnings from its filings.

How fast is Zenith Steel Pipes & Industries Limited growing?

Zenith Steel Pipes & Industries Limited: revenue has compounded at -31.3% a year over three years. Latest-quarter revenue is down 11.2% year on year.

How profitable is Zenith Steel Pipes & Industries Limited?

On a trailing-twelve-month basis operating margin -20.6%, net margin 0.8%.

How much debt does Zenith Steel Pipes & Industries Limited have?

Debt to equity isn't meaningful for Zenith Steel Pipes & Industries Limited (banks borrow as part of their business) or isn't filed yet.

Financials parsed from Zenith Steel Pipes & Industries Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.