Zenith Steel Pipes & Industries Ltd

Zenith Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Zenith Steel Pipes & Industries Ltd

₹ 8.15 1.24%
03 May - close price
zenithsteelpipes.com BSE: 531845 NSE : ZENITHSTL
About

Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 116 Cr.
  • Current Price ₹ 8.15
  • High / Low ₹ 10.2 / 3.75
  • Stock P/E
  • Book Value ₹ -18.7
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.6%
  • Contingent liabilities of Rs.52.5 Cr.

* 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
15.46 27.15 19.57 41.70 46.40 55.46 59.64 49.85 24.89 30.55 24.40 27.74 45.84
27.02 24.63 19.98 38.42 42.66 47.92 57.92 66.53 24.59 28.36 25.48 34.27 45.21
Operating Profit -11.56 2.52 -0.41 3.28 3.74 7.54 1.72 -16.68 0.30 2.19 -1.08 -6.53 0.63
OPM % -74.77% 9.28% -2.10% 7.87% 8.06% 13.60% 2.88% -33.46% 1.21% 7.17% -4.43% -23.54% 1.37%
4.60 5.43 0.46 -0.21 -0.18 8.73 -1.09 4.81 0.62 -0.31 0.11 0.39 0.11
Interest 1.04 0.90 0.85 4.36 0.80 0.98 0.02 1.46 1.02 0.98 0.72 0.73 0.74
Depreciation 0.67 0.81 1.02 0.45 0.59 0.60 0.60 0.62 0.59 0.64 0.67 0.67 0.67
Profit before tax -8.67 6.24 -1.82 -1.74 2.17 14.69 0.01 -13.95 -0.69 0.26 -2.36 -7.54 -0.67
Tax % 0.00% 0.00% 0.00% -94.83% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-8.67 6.24 -1.82 -3.39 2.16 14.69 0.01 -13.96 -0.69 0.26 -2.36 -7.54 -0.67
EPS in Rs -0.61 0.44 -0.13 -0.24 0.15 1.03 0.00 -0.98 -0.05 0.02 -0.17 -0.53 -0.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
462 273 229 84 91 157 170 184 101 78 163 165 129
447 303 364 142 129 176 212 298 132 79 148 177 133
Operating Profit 15 -29 -135 -58 -37 -19 -42 -114 -31 -2 15 -12 -5
OPM % 3% -11% -59% -69% -41% -12% -25% -62% -30% -2% 9% -7% -4%
22 19 -41 2 23 1 16 7 13 -6 8 4 0
Interest 32 35 21 9 10 9 8 7 5 3 7 3 3
Depreciation 5 5 7 6 6 6 7 6 6 3 3 2 3
Profit before tax 0 -51 -203 -71 -31 -33 -41 -120 -28 -14 13 -14 -10
Tax % 407% -0% 0% -0% -5% 0% 0% 0% 0% 0% 12% 0%
-1 -51 -203 -71 -33 -33 -41 -120 -28 -14 12 -14 -10
EPS in Rs -0.06 -3.90 -15.50 -5.41 -2.49 -2.53 -3.13 -9.15 -2.16 -0.95 0.82 -1.01 -0.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -1%
3 Years: 18%
TTM: -32%
Compounded Profit Growth
10 Years: 6%
5 Years: 10%
3 Years: 14%
TTM: -84%
Stock Price CAGR
10 Years: 23%
5 Years: 71%
3 Years: 95%
1 Year: 90%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 131 131 131 131 131 131 131 131 131 142 142 142 142
Reserves 162 110 -82 -153 -186 -219 -260 -373 -383 -396 -384 -398 -408
152 236 281 277 291 300 296 283 247 228 227 220 220
269 257 151 111 123 141 179 195 184 162 207 205 233
Total Liabilities 714 734 481 366 360 353 346 236 180 136 192 169 187
91 108 104 97 97 92 80 75 66 48 44 45 45
CWIP 35 20 22 17 13 13 13 14 0 0 0 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
588 606 355 251 249 248 253 147 114 88 148 123 142
Total Assets 714 734 481 366 360 353 346 236 180 136 192 169 187

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20 -22 -79 -31 -5 7 4 21 25 16 -1 17
-5 -12 -11 47 7 -2 5 -0 14 -1 8 -3
-11 35 12 -16 1 -7 -7 -21 -41 -15 -7 -11
Net Cash Flow 4 1 -78 -1 3 -2 2 0 -2 0 -1 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 78 183 449 435 293 250 72 32 57 112 104
Inventory Days 136 163 17 78 99 38 10 3 32 83 108 62
Days Payable 192 222 93 173 218 180 195 214 326 309 346 272
Cash Conversion Cycle -0 19 108 354 316 151 64 -139 -262 -170 -126 -106
Working Capital Days 154 281 279 458 325 197 118 -131 -315 -321 -120 -178
ROCE % 7% -3% -32% -19% -8% -11% -17% -102% -128%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64%
0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.20% 0.12% 0.08%
84.07% 84.07% 84.07% 84.07% 84.07% 84.08% 84.08% 84.07% 84.08% 84.17% 84.23% 84.29%
No. of Shareholders 54,33354,08253,91553,64767,22472,97875,58375,93875,29274,86373,26175,230

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports