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Zenith Steel Pipes & Industries Limited ZENITHSTL NSEINFRA

Basic Materials · Steel · India
https://www.zenithsteelpipes.com
Company Profile ↓
₹5.51
-31.21% 1Y
Mkt Cap₹78.40 Cr
P/E275.50
P/B-0.31
52W High₹9.88
52W Low₹4.60
Book Value₹-17.50
EPS (TTM)₹0.02

Company Overview

Zenith Steel Pipes & Industries Limited, together with its subsidiaries, manufactures and sells steel pipes in India and internationally. It offers electric resistance welded black and galvanized pipes; and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, sprinklers, drill rods, bore-well, construction water distribution, space frames, fences, firefighting and chilled water systems, structural scaffolding and props, green house, industrial general engineering, container making, distribution of gas and crude, transportation of raw and potable water, poles, transmission tower, transportation of oil and gas, transportation of sewage disposal irrigation, piling, ash/slurry transportation, and electricity conduits, as well as the auto industry. It also exports its products to approximately 79 countries, including the United States. The company was formerly known as Zenith Birla (India) Limited and changed its name to Zenith Steel Pipes & Industries Limited in July 2020. The company was incorporated in 1960 and is based in Mumbai, India.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 43.5% per year over the last five years.

Recent Developments

  • Mar 2026 Revenue of ₹53.38 Cr (-55.2% YoY); net profit ₹4.38 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -55.2%, earnings +1847.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR -28.8%, profit CAGR 43.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-28.80%
1 Year:-55.18%

Compounded Profit Growth

5 Years:43.49%
1 Year:1,847.13%

Stock Price Performance

1 Year:-31.21%
6 Months:-23.37%
3 Months:-18.13%
1 Month:-1.78%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 17% of range
₹4.60 ₹9.88
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)42.69 · Neutral
Price Performance
1M-1.78%
3M-18.13%
6M-23.37%
1Y-31.21%
Valuation vs Sector

P/E of 275.50 is above the sector median of 27.45 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Profit CAGR of 43.5% over 5 years.

CONS

  • Trading at a high P/E of 275.5.
  • Revenue declined at -28.8% CAGR over 5 years.
  • Trading 44.2% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
275.50
Industry PE
27.45
Forward P/E est.
137.75
PEG Ratio
-
Book Value
₹-17.50
Price to Book
-0.31
P/S
1.47
EV/EBITDA
-18.28
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
-28.80%
Profit 5Y
43.49%
Revenue (YoY)
-55.18%
Earnings (YoY)
1,847.13%

Profitability & Returns

ROCE
-3.43%
ROE
-1.76%
ROA
2.85%
Profit Margin
8.21%
Op Margin
-34.04%
Gross Margin
43.96%
EPS (Latest Qtr)
₹0.10
EPS (TTM)
₹0.02

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
0.22
Current Ratio
0.23
Debt
₹220.20 Cr
Total Assets
₹153.94 Cr
Current Assets
₹83.63 Cr
Working Capital
₹-272.34 Cr

Ownership

Promoter Holding
37.20%
Chg in Prom Hold
-2.76%
FII / Inst Holding
0.00%
Chg in FII Hold
-0.02%

Financial Snapshot

Enterprise Value
₹78.40 Cr
Total Revenue (TTM)
₹53.38 Cr
EBITDA
₹8.86 Cr
Free Cash Flow
₹-1.27 Cr
Operating Cash Flow
₹-1.04 Cr
Shares Outstanding
₹14.23 Cr
Gross Margin
43.96%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ZENITHSTL Zenith Steel Pipes & Industries Limited NSEINFRA 5.51 275.50 ₹78.40 Cr 0.00% -3.43% -1.76% -28.80% 43.49%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,659.00 56.84 ₹3.44 L Cr 0.66% 11.90% 10.66% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,244.70 86.92 ₹3.04 L Cr 0.57% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,675.50 59.31 ₹2.57 L Cr 1.03% 24.41% 20.24% 1.10% 1.75%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 187.67 21.70 ₹2.34 L Cr 2.09% 11.32% 10.56% -1.59% 7.21%
6 HINDZINC Hindustan Zinc Limited NSEINFRA 532.50 16.26 ₹2.25 L Cr 3.91% 61.97% 61.13% 5.61% 9.58%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 963.55 16.01 ₹2.17 L Cr 0.52% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,133.10 56.45 ₹2.13 L Cr 0.31% 4.00% 4.80% 14.63% -10.06%
9 VAML Vedanta Aluminium Metal Limited NSEINFRA 452.95 inf ₹1.77 L Cr 0.00% 41.97% 49.39% - -46.32%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 30.55 Cr24.40 Cr27.74 Cr45.84 Cr43.06 Cr28.50 Cr30.07 Cr-24.82 Cr18.92 Cr14.04 Cr9.40 Cr11.29 Cr
Cost of Revenue --------9.84 Cr10.83 Cr8.81 Cr6.29 Cr4.11 Cr
Gross Profit --------14.98 Cr8.09 Cr5.23 Cr3.12 Cr7.18 Cr
Operating Expenses 28.36 Cr25.48 Cr34.27 Cr45.23 Cr36.33 Cr31.15 Cr30.64 Cr-17.51 Cr6.80 Cr11.14 Cr7.22 Cr10.25 Cr
Operating Income 1.55 Cr-1.75 Cr-7.20 Cr-6.00 L6.16 Cr-3.13 Cr-1.06 Cr--2.53 Cr1.29 Cr-5.91 Cr-4.10 Cr-3.07 Cr
EBITDA 2.19 Cr-1.08 Cr-6.53 Cr61.00 L6.73 Cr-2.65 Cr-57.00 L-4.08 Cr2.08 Cr1.83 Cr2.60 Cr2.50 Cr
Interest Expense 98.00 L72.00 L73.00 L74.00 L73.00 L61.00 L62.00 L-61.95 L61.65 L62.52 L64.06 L59.80 L
Pretax Income 26.00 L-2.36 Cr-7.54 Cr-67.00 L9.89 Cr-1.91 Cr-44.00 L-2.97 Cr97.94 L73.18 L1.47 Cr1.42 Cr
Tax Provision -0000-000-00000
Net Income 26.00 L-2.36 Cr-7.54 Cr-67.00 L9.89 Cr-1.92 Cr-44.00 L-2.78 Cr95.65 L71.62 L1.47 Cr1.39 Cr
Diluted EPS 0.02-0.17-0.53-0.050.70-0.13-0.03-0.200.070.050.100.10

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 84.02 Cr91.49 Cr156.92 Cr169.65 Cr183.63 Cr101.38 Cr77.87 Cr-147.88 Cr139.34 Cr119.09 Cr53.38 Cr
Cost of Revenue --------137.16 Cr118.54 Cr54.47 Cr29.91 Cr
Gross Profit --------10.72 Cr20.80 Cr64.63 Cr23.46 Cr
Operating Expenses 141.82 Cr128.66 Cr176.01 Cr211.86 Cr297.69 Cr132.11 Cr79.41 Cr-24.27 Cr18.67 Cr71.83 Cr41.63 Cr
Operating Income -64.09 Cr-43.28 Cr-25.33 Cr-49.54 Cr-120.07 Cr-36.38 Cr-4.38 Cr--13.55 Cr2.13 Cr-7.20 Cr-18.17 Cr
EBITDA -57.80 Cr-37.17 Cr-19.09 Cr-42.21 Cr-114.06 Cr-30.73 Cr-1.54 Cr--5.20 Cr5.03 Cr4.91 Cr8.86 Cr
Interest Expense 9.39 Cr10.43 Cr8.67 Cr7.69 Cr7.29 Cr4.53 Cr3.47 Cr-3.45 Cr2.91 Cr2.48 Cr2.48 Cr
Pretax Income -70.98 Cr-31.18 Cr-33.20 Cr-41.07 Cr-120.17 Cr-28.35 Cr-13.57 Cr--11.11 Cr-46.31 L47.93 L4.45 Cr
Tax Provision -9.23 L-1.49 Cr00000-0000
Net Income -71.07 Cr-32.66 Cr-33.20 Cr-41.07 Cr-120.17 Cr-28.34 Cr-13.58 Cr--14.38 Cr-69.65 L22.51 L4.38 Cr
Diluted EPS -5.41-2.49-2.53-3.13-9.15-2.16-0.950.82-1.01-0.050.02-

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 365.56 Cr359.62 Cr352.98 Cr346.28 Cr236.08 Cr179.90 Cr135.94 Cr-168.91 Cr181.96 Cr158.55 Cr153.94 Cr
Current Assets --------98.01 Cr110.36 Cr87.58 Cr83.63 Cr
Cash & Equivalents --------5.27 Cr43.07 L2.96 Cr1.08 Cr
Inventory --------20.94 Cr19.86 Cr7.79 Cr5.95 Cr
Receivables --------47.09 Cr59.08 Cr56.56 Cr57.12 Cr
Total Liabilities --------425.03 Cr438.82 Cr415.30 Cr402.87 Cr
Current Liabilities --------407.26 Cr405.67 Cr382.39 Cr355.97 Cr
Long Term Debt --------7.28 Cr22.33 Cr22.42 Cr37.37 Cr
Total Debt 276.98 Cr291.05 Cr299.97 Cr295.95 Cr283.23 Cr246.91 Cr227.93 Cr-197.73 Cr193.55 Cr193.64 Cr220.20 Cr
Total Equity -22.02 Cr-54.68 Cr-88.15 Cr-128.50 Cr-241.78 Cr-251.25 Cr-253.72 Cr--256.12 Cr-256.86 Cr-256.75 Cr-248.93 Cr
Shares Outstanding --------14.23 Cr14.23 Cr14.23 Cr14.23 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -30.65 Cr-5.30 Cr7.06 Cr4.13 Cr21.20 Cr24.93 Cr16.44 Cr-17.90 Cr4.74 Cr3.94 Cr-1.04 Cr
Investing Cash Flow 46.51 Cr7.37 Cr-2.47 Cr4.87 Cr-13.00 L14.06 Cr-65.00 L--4.29 Cr-2.42 Cr-1.56 Cr-1.19 Cr
Financing Cash Flow -16.37 Cr1.31 Cr-7.05 Cr-7.47 Cr-20.86 Cr-40.99 Cr-15.45 Cr--11.34 Cr-7.12 Cr-13.80 L41.76 L
Capital Expenditure 17.00 L-1.47 Cr-2.47 Cr4.87 Cr-23.00 L-22.00 L-61.00 L--3.71 Cr-1.39 Cr-52.38 L-23.35 L
Free Cash Flow -30.48 Cr-6.77 Cr4.59 Cr9.00 Cr20.97 Cr24.71 Cr15.83 Cr-14.19 Cr3.36 Cr3.42 Cr-1.27 Cr
Net Change in Cash -51.00 L3.38 Cr-2.46 Cr1.54 Cr21.00 L-1.99 Cr34.00 L-2.27 Cr-4.79 Cr2.24 Cr-1.81 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------7.2%14.9%54.3%44.0%
Operating Margin % -76.3%-47.3%-16.1%-29.2%-65.4%-35.9%-5.6%--9.2%1.5%-6.0%-34.0%
Net Margin % -84.6%-35.7%-21.2%-24.2%-65.4%-28.0%-17.4%--9.7%-0.5%0.2%8.2%
ROE % 322.8%59.7%37.7%32.0%49.7%11.3%5.4%-5.6%0.3%-0.1%-1.8%
ROCE % --------5.7%-0.9%3.2%9.0%

Shareholding Pattern

Insiders
37.20%
Institutions
0.00%
Public Float
0.00%

Analyst View

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Latest News

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ZENITHSTL — Frequently Asked Questions

What is the current share price of Zenith Steel Pipes & Industries Limited (ZENITHSTL)?

As of 2026-07-15 09:52 IST, Zenith Steel Pipes & Industries Limited (ZENITHSTL) trades at ₹5.51 on NSE. Its 52-week range is ₹4.60 to ₹9.88.

What is the market capitalisation of ZENITHSTL?

Zenith Steel Pipes & Industries Limited (ZENITHSTL) has a market capitalisation of ₹78.40 Cr on NSE.

What is the P/E ratio of ZENITHSTL?

ZENITHSTL trades at a trailing price-to-earnings (P/E) ratio of 275.50. The industry average P/E is 27.45. Its price-to-book (P/B) ratio is -0.31.

What is the return on equity (ROE) of ZENITHSTL?

ZENITHSTL has a return on equity (ROE) of -1.76%. Its return on capital employed (ROCE) is -3.43%.

Is ZENITHSTL a good stock to buy?

This page provides a data-driven analysis of Zenith Steel Pipes & Industries Limited (ZENITHSTL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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