Zenith Steel Pipes & Industries Ltd
Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes[1]
- Market Cap ₹ 114 Cr.
- Current Price ₹ 8.04
- High / Low ₹ 15.4 / 5.65
- Stock P/E 238
- Book Value ₹ -18.0
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.27% over past five years.
- Promoter holding is low: 15.6%
- Contingent liabilities of Rs.52.4 Cr.
- Earnings include an other income of Rs.9.91 Cr.
- Company has high debtors of 173 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
229 | 84 | 91 | 157 | 170 | 184 | 101 | 78 | 163 | 165 | 143 | 119 | |
364 | 142 | 129 | 176 | 212 | 298 | 132 | 79 | 148 | 177 | 143 | 124 | |
Operating Profit | -135 | -58 | -37 | -19 | -42 | -114 | -31 | -2 | 15 | -12 | -0 | -5 |
OPM % | -59% | -69% | -41% | -12% | -25% | -62% | -30% | -2% | 9% | -7% | -0% | -4% |
-41 | 2 | 23 | 1 | 16 | 7 | 13 | -6 | 8 | 4 | 5 | 10 | |
Interest | 21 | 9 | 10 | 9 | 8 | 7 | 5 | 3 | 7 | 3 | 3 | 2 |
Depreciation | 7 | 6 | 6 | 6 | 7 | 6 | 6 | 3 | 3 | 2 | 3 | 2 |
Profit before tax | -203 | -71 | -31 | -33 | -41 | -120 | -28 | -14 | 13 | -14 | -1 | 0 |
Tax % | 0% | 0% | 5% | 0% | 0% | 0% | 0% | 0% | 12% | 0% | 0% | 0% |
-203 | -71 | -33 | -33 | -41 | -120 | -28 | -14 | 12 | -14 | -1 | 0 | |
EPS in Rs | -15.50 | -5.41 | -2.49 | -2.53 | -3.13 | -9.15 | -2.16 | -0.95 | 0.82 | -1.01 | -0.05 | 0.02 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 3% |
3 Years: | -10% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | -50% |
TTM: | 202% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 55% |
3 Years: | 13% |
1 Year: | -45% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 142 | 142 | 142 | 142 | 142 |
Reserves | -82 | -153 | -186 | -219 | -260 | -373 | -383 | -396 | -384 | -398 | -399 | -399 |
281 | 277 | 291 | 300 | 296 | 283 | 247 | 228 | 227 | 219 | 215 | 215 | |
151 | 111 | 123 | 141 | 179 | 195 | 184 | 162 | 207 | 206 | 224 | 200 | |
Total Liabilities | 481 | 366 | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 |
104 | 97 | 97 | 92 | 80 | 75 | 66 | 48 | 44 | 45 | 44 | 42 | |
CWIP | 22 | 17 | 13 | 13 | 13 | 14 | 0 | 0 | 0 | 1 | 1 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
355 | 251 | 249 | 248 | 253 | 147 | 114 | 88 | 148 | 123 | 138 | 116 | |
Total Assets | 481 | 366 | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-79 | -31 | -5 | 7 | 4 | 21 | 25 | 16 | -1 | 18 | 5 | 7 | |
-11 | 47 | 7 | -2 | 5 | -0 | 14 | -1 | 8 | -3 | -2 | -3 | |
12 | -16 | 1 | -7 | -7 | -21 | -41 | -15 | -7 | -11 | -7 | -2 | |
Net Cash Flow | -78 | -1 | 3 | -2 | 2 | 0 | -2 | 0 | -1 | 3 | -5 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 183 | 449 | 435 | 293 | 250 | 72 | 32 | 57 | 112 | 104 | 151 | 173 |
Inventory Days | 17 | 78 | 99 | 38 | 10 | 3 | 32 | 83 | 108 | 62 | 91 | 52 |
Days Payable | 93 | 173 | 218 | 180 | 195 | 214 | 326 | 309 | 346 | 277 | 409 | 604 |
Cash Conversion Cycle | 108 | 354 | 316 | 151 | 64 | -139 | -262 | -170 | -126 | -111 | -167 | -379 |
Working Capital Days | 279 | 458 | 325 | 197 | 118 | -131 | -315 | -321 | -120 | -228 | -264 | -323 |
ROCE % | -31% | -19% | -8% | -11% | -17% | -102% | -128% |
Documents
Announcements
- Closure of Trading Window 27 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial report reveals multiple SEBI non-compliances, GDR violation ban, legal prosecutions, and ongoing appeals.
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Audited Standalone And Consolidated Financial Result For The Financial Year Ended March 2025
29 May - Zenith Steel reports FY25 results with qualified audit, negative net worth, legal disputes, and ongoing restructuring efforts.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 29Th May, 2025 For Approve The Audited Standalone And Consolidated Financial Result For The Year Ended March, 2025
29 May - Zenith Steel reports FY25 audited results with qualified opinion, negative net worth, legal issues, and going concern uncertainty.
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Board Meeting Intimation for Board Meeting For Approve The Financial Result For The Year Ended March 31, 2025 Is Schedule To Be Held On 29Th May, 2025
23 May - Board meeting on May 29 to approve FY25 results and appoint auditors.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Business Overview:[1]
Company is a manufacturer and supplier of ERW Black and Hot Galvanized pipes of Diameters from ½ inch to 20 inch, and Spirally Welded Pipes (HSAW) from 18 inch to 100 inch OD (457 mm to 2540 mm OD) which is used in the bulk transportation of water