Zenith Steel Pipes & Industries Limited

Zenith Steel Pipes & Industries Limited

5.13
INR
+0.17
(+3.43%)
0.28EPS
20.10P/E
798.19MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
17.47
6.4
6.97
10.5
11.94
11.84
5.82
4.1
10.54
10.39
9.79
8.24
3.59
2.91
Basic EPS, GAAP
-11.23
-5.41
-2.49
-2.53
-3.13
-9.15
-2.16
-1
0.82
-1.01
-0.05
0.02
0.31
0.28
Free Cash Flow per Basic Share
-6.34
-2.37
-0.52
0.35
0.29
1.58
1.88
1.16
-0.12
1
0.24
0.24
-0.09
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.74
-1.68
-4.17
-6.71
-9.79
-18.42
-19.14
-17.83
-17
-18
-18.05
-18.05
-17.5
- -
Tangible Book Value per Share
3.73
-1.68
-4.17
-6.72
-9.79
-18.42
-19.14
-17.84
-17.01
-18.01
-18.05
-18.05
-17.5
- -
Basic Weighted Avg Shares
131
131
131
131
131
131
131
136
142
142
142
142
142
144
Sales/Revenue/Turnover
2,294
840
915
1,378
1,568
1,554
764
557
1,500
1,479
1,393
1,173
510
419
Operating Margin (%)
-60.88
-19.09
-7.37
-11.08
-8.38
2.98
-9.36
4.86
13.63
-9.17
1.53
2.53
11.7
-32.64
Depreciation Expense
65
63
61
62
73
60
89
52
27
25
26
20
19
19
Net Income, GAAP
-1,474
-711
-327
-332
-411
-1,202
-283
-136
116
-144
-7
2
44
40
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
11.69
- -
- -
- -
- -
- -
Profit Margin (%)
-64.28
-84.63
-35.7
-24.09
-26.2
-77.34
-37.11
-24.35
7.75
-9.73
-0.5
0.19
8.59
9.58
Working Capital
-312
-1,012
-1,410
-1,662
-1,914
-3,132
-2,955
-2,861
-2,665
-3,093
-2,953
-2,948
-2,723
- -
LT Debt
273
173
207
205
228
96
142
68
108
73
223
224
374
- -
Total Equity
490
-220
-547
-881
-1,285
-2,418
-2,512
-2,537
-2,419
-2,561
-2,569
-2,568
-2,489
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
27.49
-41.88
- -
- -
-7.67
-12.01
- -
Return on Common Equity (%)
-99.74
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,613
- -
LT Borrowings
- -
374
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
142
142
142
Market Capitalization
1,037
662
798

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
837
- -
Cash, Cash Equivalents & STI
- -
15
- -
Accounts Receivable, Net
- -
571
- -
Inventories
- -
59
- -
Total Current Liabilities
- -
3,560
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,613
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.85%
-0.32%
-3.05%
Free Cash Flow
-102.8%
-253.29%
-138.83%
Net Income, GAAP
129.97%
242.06%
1,847.13%
Sales/Revenue/Turnover
7.52%
17.91%
-56.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
285
301
357
248
1,173
2026
189
140
94
113
510
2027
72
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.13
-0.03
-0.01
0.2
0.02
2026
0.07
0.05
0.1
0.1
0.31
2027
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Minal Umesh Pote
Full Time Employees
178
Sector
Non-energy minerals
Industry
Steel
Address
Dalamal House Mumbai MA India 400021
IPO Date
Apr 30, 2007
Business
Zenith Steel Pipes & Industries Limited engages in the manufacture and supply of a broad range of steel pipes and related products. Its primary product portfolio includes Electric Resistance Welded (ERW) black pipes, ERW galvanized iron (GI) pipes, helically submerged arc welded (HSAW) spiral pipes, fire sprinkler pipes, scaffolding pipes, and other specialized coated steel pipes designed for critical and non-critical applications. The company also produces HSS cutting tools through its tools division, serving the automotive and engineering sectors. Zenith Steel Pipes operates primarily in India with manufacturing plants in Khopoli, Nasik, and Aurangabad, and maintains a significant export presence, serving over 79 countries including the largest exporter of galvanized pipes to the USA from India. The company's products find applications across multiple sectors such as agriculture and irrigation water distribution, construction water systems, fire fighting systems, industrial engineering, oil and gas transportation, electrical conduits, and infrastructure projects. Founded in 1960 and headquartered in Thane, Maharashtra, Zenith Steel Pipes & Industries Limited stands as a longstanding player in the steel pipe manufacturing industry with over 50 years of market presence. Recent corporate activities include the publication of quarterly financial results for 2024, reflecting operational continuity and strategic focus on enhancing export and manufacturing capabilities. The company continues to build on its export excellence, having executed large-scale orders such as a 16,000 metric ton supply of ERW pipes for the Saudi-Iraq border project. While it has maintained certifications like ISO 9001:2008, 14001:2001, and OHSAS 18001, its recent operational updates indicate sustained efforts in process improvement and customer-specific supply chain management. There have been recent boardroom developments including leadership changes such as the resignation of the Company Secretary and Compliance Officer in 2024. Financially, the company has faced some sales decline in 2025 but continues to focus on core pipe manufacturing and expanding its tools division for the automotive and engineering markets. Zenith Steel Pipes & Industries Limited operates in the steel manufacturing industry, targeting construction, infrastructure, agriculture, oil and gas, and industrial engineering sectors both domestically and internationally. Its diversified product line and strategic export markets position it as a key supplier of steel pipes in India and abroad, with a reputation for quality and timely delivery supported by technical innovation and certifications. The company leverages its experience and global reach to service client-specific large orders and critical applications worldwide. This description encompasses Zenith Steel Pipes & Industries Limited's core product offerings, recent operational and structural changes, market segments, and geographic footprint to comply with comprehensive financial database standards.