Zenith Steel Pipes & Industries
Industrial Products
ZENITHSTL NSE
₹4.86 +0.04 (+0.83%)
- P/E
- 17.36
Close 4 Nov 2026 ₹4.86 −3.34 −40.7% 1Y
Start ₹8.20
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 39.20%
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- ₹0.28
- Book Value
- −₹17.50
- Market Cap
- —
- P/E (TTM)
- 17.36
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- EBITDA
- ₹7.50 Cr
- 52W High
- ₹8.50
- 52W Low
- ₹4.41
- Day Range
- ₹4.71 – ₹5.00
- Volume
- 46,993
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Zenith Steel Pipes & Industries (this company) | ₹4.86 | 17.36 | ₹70 Cr | — | 0.00% | — | 39.20% | ₹42 Cr | ₹4 Cr |
| Median 8 companies | ₹880.28 | 29.40 | ₹16,390 Cr | 4.18 | 0.39% | 15.10% | 18.85% | ₹10,869 Cr | ₹511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
34 Poor
Data confidence 93/100
Category scores
- Quality
- 25
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 40
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 25
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 31
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
5- The company has delivered a poor sales growth of -7.27% over past five years.
- Promoter holding is low: 15.6%
- Contingent liabilities of Rs.37.5 Cr.
- Earnings include an other income of Rs.20.2 Cr.
- Company has high debtors of 391 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 7 | 0 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Strong Bearish
Bearish
12
Neutral
7
Bullish
0
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 38.89
- Neutral
- MACD (12,26,9)
- −0.12
- Bearish
- SMA (50)
- 5.30
- Bearish
- SMA (200)
- 5.57
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −5.25% |
|---|---|
| 5Y | −7.27% |
| 3Y | −31.34% |
| 1Y | −55.18% |
| TTM | −61.73% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | Tiny base |
| TTM | +29.68% |
Operating cash flow
| 10Y | Outflow narrowed by ₹4.21 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Turned negative |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +10.19 pp |
|---|---|
| 5Y | −28.46 pp |
| 3Y | −23.01 pp |
| 1Y | −27.85 pp |
| TTM | −21.62 pp |
Revenue by year
| Mar 2017 | ₹157 Cr |
|---|---|
| Mar 2018 | ₹170 Cr |
| Mar 2019 | ₹184 Cr |
| Mar 2020 | ₹101 Cr |
| Mar 2021 | ₹77.87 Cr |
| Mar 2022 | ₹163 Cr |
| Mar 2023 | ₹165 Cr |
| Mar 2024 | ₹143 Cr |
| Mar 2025 | ₹119 Cr |
| Mar 2026 | ₹53.38 Cr |
Net profit by year
| Mar 2017 | −₹33.20 Cr |
|---|---|
| Mar 2018 | −₹41.07 Cr |
| Mar 2019 | −₹120 Cr |
| Mar 2020 | −₹28.34 Cr |
| Mar 2021 | −₹13.58 Cr |
| Mar 2022 | ₹11.63 Cr |
| Mar 2023 | −₹14.38 Cr |
| Mar 2024 | −₹0.70 Cr |
| Mar 2025 | ₹0.23 Cr |
| Mar 2026 | ₹4.38 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.4 | 27.74 | 45.84 | 43.06 | 28.5 | 30.07 | 35.69 | 24.82 | 18.92 | 14.04 | 9.4 | 11.29 | 7.18 |
| Expenses | 25.48 | 34.27 | 45.23 | 36.33 | 31.15 | 30.64 | 35.68 | 26.86 | 23.37 | 19.47 | 13.02 | 13.88 | 7.3 |
| Operating Profit | −1.08 | −6.53 | 0.61 | 6.73 | −2.65 | −0.57 | 0.01 | −2.04 | −4.45 | −5.43 | −3.62 | −2.59 | −0.12 |
| OPM % | −4.43% | −23.54% | 1.33% | 15.63% | −9.3% | −1.9% | 0.03% | −8.22% | −23.52% | −38.68% | −38.51% | −22.94% | −1.67% |
| Other Income | 0.11 | 0.39 | 0.13 | 4.46 | 1.85 | 1.26 | 0.91 | 5.93 | 6.51 | 7.27 | 6.22 | 5.06 | 1.66 |
| Interest | 0.72 | 0.73 | 0.74 | 0.73 | 0.61 | 0.62 | 0.63 | 0.62 | 0.62 | 0.63 | 0.64 | 0.6 | 0.61 |
| Depreciation | 0.67 | 0.67 | 0.67 | 0.57 | 0.48 | 0.49 | 0.49 | 0.49 | 0.49 | 0.47 | 0.49 | 0.48 | 0.48 |
| PBT | −2.36 | −7.54 | −0.67 | 9.89 | −1.91 | −0.44 | −0.2 | 2.78 | 0.95 | 0.73 | 1.47 | 1.39 | 0.43 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −2.36 | −7.54 | −0.68 | 9.89 | −1.92 | −0.44 | −0.2 | 2.78 | 0.96 | 0.72 | 1.47 | 1.39 | 0.44 |
| EPS (₹) | −0.17 | −0.53 | −0.05 | 0.7 | −0.13 | −0.03 | −0.01 | 0.2 | 0.07 | 0.05 | 0.1 | 0.1 | 0.03 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84.02 | 91.49 | 157 | 170 | 184 | 101 | 77.87 | 163 | 165 | 143 | 119 | 53.38 | 41.91 |
| Expenses | 142 | 129 | 176 | 212 | 298 | 132 | 79.41 | 148 | 177 | 143 | 122 | 69.63 | 53.67 |
| Operating Profit | −57.8 | −37.17 | −19.09 | −42.21 | −114 | −30.73 | −1.54 | 15.08 | −12.25 | −0.25 | −3.09 | −16.25 | −11.76 |
| OPM % | −68.79% | −40.63% | −12.17% | −24.88% | −62.11% | −30.31% | −1.98% | 9.24% | −7.43% | −0.17% | −2.59% | −30.44% | −28.06% |
| Other Income | 2.5 | 22.53 | 0.8 | 16.16 | 7.19 | 12.56 | −5.72 | 7.86 | 3.8 | 5.06 | 9.91 | 25.03 | 20.17 |
| Interest | 9.39 | 10.43 | 8.67 | 7.69 | 7.29 | 4.53 | 3.47 | 6.99 | 3.48 | 2.92 | 4.64 | 2.48 | 2.48 |
| Depreciation | 6.29 | 6.11 | 6.24 | 7.33 | 6.01 | 5.65 | 2.84 | 2.67 | 2.45 | 2.58 | 1.95 | 1.92 | 1.92 |
| PBT | −70.98 | −31.18 | −33.2 | −41.07 | −120 | −28.35 | −13.57 | 13.28 | −14.38 | −0.69 | 0.23 | 4.38 | 4.01 |
| Tax % | 0.13% | 4.78% | 0% | 0% | 0% | 0% | 0% | 12.42% | 0% | 0% | 0% | 0% | — |
| Net Profit | −71.07 | −32.66 | −33.2 | −41.07 | −120 | −28.34 | −13.58 | 11.63 | −14.38 | −0.7 | 0.23 | 4.38 | 4.02 |
| EPS (₹) | −5.41 | −2.49 | −2.53 | −3.13 | −9.15 | −2.16 | −0.95 | 0.82 | −1.01 | −0.05 | 0.02 | 0.31 | 0.28 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 131 | 131 | 131 | 131 | 131 | 131 | 142 | 142 | 142 | 142 | 142 | 142 |
| Reserves | −153 | −186 | −219 | −260 | −373 | −383 | −396 | −384 | −398 | −399 | −399 | −391 |
| Borrowings | 277 | 291 | 300 | 296 | 283 | 247 | 228 | 227 | 219 | 215 | 266 | 269 |
| Other Liabilities | 111 | 123 | 141 | 179 | 195 | 184 | 162 | 207 | 206 | 224 | 150 | 134 |
| Total Liabilities | 366 | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 | 154 |
| Fixed Assets | 97.15 | 97.14 | 91.98 | 80.33 | 74.55 | 65.87 | 48.03 | 44.38 | 44.64 | 43.61 | 41.8 | 40.03 |
| CWIP | 17.04 | 13.26 | 12.7 | 12.78 | 14.44 | 0 | 0 | 0 | 0.99 | 0.82 | 1.2 | 1.29 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 251 | 249 | 248 | 253 | 147 | 114 | 87.91 | 148 | 123 | 138 | 116 | 113 |
| Total Assets | 366 | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 | 154 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −30.65 | −5.3 | 7.06 | 4.13 | 21.2 | 24.93 | 16.44 | −1.17 | 17.9 | 4.74 | 3.94 | −1.09 |
| Investing | 46.51 | 7.37 | −2.47 | 4.87 | −0.13 | 14.06 | −0.65 | 7.71 | −3.24 | −2.47 | −1.56 | −1.13 |
| Financing | −16.37 | 1.31 | −7.05 | −7.47 | −20.86 | −40.99 | −15.45 | −7.46 | −11.34 | −7.12 | −0.14 | 0.42 |
| Net Cash Flow | −0.51 | 3.38 | −2.46 | 1.54 | 0.21 | −1.99 | 0.34 | −0.92 | 3.32 | −4.84 | 2.24 | −1.81 |
| Free Cash Flow | −30.48 | −6.77 | 4.59 | 9 | 20.97 | 24.71 | 15.83 | 7.67 | 14.22 | 3.35 | 3.42 | −1.32 |
| CFO/OP | 53 | 14 | −37 | −10 | −19 | −81 | −1,068 | 24 | −135 | −2,456 | −128 | 7 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 449 | 435 | 293 | 250 | 71.68 | 31.75 | 56.86 | 112 | 104 | 151 | 173 | 391 |
| Inventory Days | 78.18 | 98.69 | 37.76 | 9.86 | 2.99 | 32.17 | 82.79 | 108 | 62.38 | 90.8 | 52.21 | 72.61 |
| Days Payable | 173 | 218 | 180 | 195 | 214 | 326 | 309 | 346 | 277 | 409 | 604 | 957 |
| Cash Conversion Cycle | 354 | 316 | 151 | 63.95 | −139 | −262 | −170 | −126 | −111 | −167 | −378 | −494 |
| Working Capital Days | −448 | −537 | −393 | −421 | −632 | −1,074 | −1,357 | −604 | −697 | −755 | −914 | −1,872 |
| ROCE % | −18.8% | −8.45% | −10.89% | −17.29% | −101.76% | −128.38% | — | — | — | — | — | 39.15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Zenith Steel Pipes & Industries insights
56 extracted metrics across FY10–FY27.
Documents
- General announcements 19 Oct 2026
Frequently Asked Questions about Zenith Steel Pipes & Industries
What does Zenith Steel Pipes & Industries Ltd do?
Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes
Where is Zenith Steel Pipes & Industries Ltd (ZENITHSTL) listed?
Zenith Steel Pipes & Industries Ltd trades as ZENITHSTL on the NSE and under code 531845 on the BSE.
Which sector does Zenith Steel Pipes & Industries Ltd belong to?
Zenith Steel Pipes & Industries Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Zenith Steel Pipes & Industries Ltd?
Zenith Steel Pipes & Industries Ltd trades at a PE ratio of 17.36 as of 4 Nov 2026, on earnings per share of ₹0.28, against a book value of ₹-17.5 per share.
What is the 52-week high and low of Zenith Steel Pipes & Industries Ltd?
Over the last 52 weeks Zenith Steel Pipes & Industries Ltd has traded between ₹4.41 and ₹8.5 as of 4 Nov 2026.
Company Information
Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes
Website zenithsteelpipes.com
CEO Ms. Minal Umesh Pote
Employees 121
Listed 30 Apr 2007
Face Value ₹10
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