Overview

Detailed Summary

Zenith Steel Pipes & Industries Limited is a leading Indian manufacturer specializing in ERW and SAW pipes.
The company has a strong historical connection starting as a Birla-promoted entity in 1960.
Zenith Steel Pipes operates significant production facilities in Khopoli and has expanded internationally with subsidiaries like Zenith Middle East FZE.
The company underwent major changes, including demergers and capacity expansions, growing steel pipe production from 120,000 to 210,000 tonnes.
Despite missing recent data, its historical expansions and strategic decisions suggest a focus on growth and diversification.

Sector: Industrial Products
Industry: Iron & Steel Products
Market Cap: 81 Cr
Volatility: Low Risk
P/E Ratio: 17.9
Industry P/E: 35.7
PEG Ratio: 0.2
P/B Ratio: —
52W High: 10.27
52W Low: 4.39

Sales CAGR

1Y: -16.85%
3Y: -6.60%
5Y: 14.08%
10Y: 4.39%

Profit CAGR

1Y: 132.86%
3Y: -14.11%
5Y: —
10Y: —

ROE

TTM: -1.26%
3Y: 1.93%
5Y: 1.33%
10Y: 13.41%

ROCE

TTM: -19.57%
3Y: 0.32%
5Y: -2.21%
10Y: 10.60%

Technicals

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Forecasts

Peers

Industrials Capital Goods Industrial Products Iron & Steel Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SHRDAIS		184.00	92 Cr	14.82	1.40	0.00	9.48	11.22	6.10
SMLT		66.98	92 Cr	19.87	0.74	0.00	3.71	5.38	3.36
AIML		2.16	86 Cr	-0.90	0.00	0.00	26.58	24.09	-30.39
HISARMETAL		153.15	83 Cr	24.47	1.26	0.65	5.14	7.50	2.07
ZENITHSTL		5.80	81 Cr	17.89	0.00	0.00	-1.26	-19.57	2.95
GARGFUR		115.60	80 Cr	7.61	0.80	0.00	10.55	10.23	6.43
PRAKASHSTL		4.07	71 Cr	84.17	7.27	0.00	8.62	11.85	1.89
Median: 7 Co.	—	66.98	83 Cr	17.89	0.80	0.00	8.62	10.23	2.95

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	46	43	29	30	36	25	19	14	9.40	11
Expenses	45	36	31	31	36	27	23	19	13	14
Operating Profit	0.64	6.73	-2.66	-0.58	0.01	-2.04	-4.44	-5.44	-3.62	-2.59
OPM %	1.40	15.63	-9.33	-1.93	0.03	-8.22	-23.47	-38.75	-38.51	-22.94
Other Income	0.18	4.55	1.85	1.26	0.94	6.12	6.53	7.27	6.22	5.09
Interest	0.74	0.73	0.61	0.62	0.63	0.62	0.62	0.63	0.64	0.60
Depreciation	0.67	0.57	0.48	0.49	0.49	0.49	0.49	0.47	0.49	0.48
Profit Before Tax	-0.60	9.98	-1.90	-0.42	-0.17	2.97	0.98	0.73	1.47	1.42
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-0.60	9.98	-1.90	-0.42	-0.17	2.97	0.98	0.73	1.47	1.42
EPS in Rs	-0.04	0.70	-0.13	-0.03	-0.01	0.21	0.07	0.05	0.10	0.10

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	162	174	184	101	78	163	165	143	119	110
Expenses	176	212	298	127	79	148	177	143	124	117
Operating Profit	-14	-38	-114	-26	-1.54	15	-12	-0.26	-5.25	-7.05
OPM %	-8.55	-21.53	-62.11	-25.72	-1.97	9.24	-7.42	-0.18	-4.41	-6.44
Other Income	0.79	16	7.19	13	11	8.71	7.07	5.30	10	15
Interest	8.67	7.69	7.29	4.53	3.47	6.99	3.48	2.92	2.48	2.49
Depreciation	6.24	7.33	6.01	5.65	2.84	2.67	2.45	2.58	1.95	1.96
Profit Before Tax	-33	-41	-120	-24	2.86	14	-11	-0.46	0.48	3.36
Tax %	0.00	0.00	0.00	0.00	0.00	11.69	0.00	0.00	0.00	0.00
Net Profit	-33	-41	-120	-24	2.86	12	-11	-0.46	0.48	3.36
EPS in Rs	—	—	-8.45	-2.21	-0.96	0.82	-0.99	-0.04	0.04	0.32
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	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	142	142	142	142	142
Reserves	-186	-219	-260	-373	-383	-396	-384	-398	-399	-399
Borrowings	238	274	273	261	225	228	227	219	215	215
Other Liabilities	176	167	201	217	206	162	207	206	224	200
Total Liabilities	360	353	346	236	180	136	192	169	182	159
Fixed Assets	97	92	80	75	66	48	44	45	44	42
CWIP	13	13	13	14	0.00	0.00	0.00	0.99	0.82	1.20
Investments	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Other Assets	249	248	253	147	114	88	148	123	138	116
Total Assets	360	353	346	236	180	136	192	169	182	159

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	21	25	16	-1.17	18	4.74	6.25
Cash from Investing Activity	-0.13	14	-0.65	7.71	-3.24	-2.47	-1.28
Cash from Financing Activity	-21	-41	-15	-7.46	-11	-7.12	-2.44
Net Cash Flow	0.21	-1.99	0.34	-0.92	3.32	-4.84	2.53

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.19%	0.12%	0.08%	0.08%	0.08%	0.08%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	84.16%	84.24%	84.28%	84.28%	84.28%	84.28%	84.34%	84.34%	84.34%	84.34%	84.34%	84.34%
Total Shareholders	74,863	73,261	75,230	81,770	81,952	82,184	82,762	83,248	81,560	80,093	79,750	79,262

Market Transactions

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Projection

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Concalls

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Actions

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Last 7 days

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Frequently Asked Questions about Zenith Steel Pipes & Industries Ltd

Zenith Steel Pipes & Industries Ltd (ZENITHSTL) is currently trading at 5.60 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Zenith Steel Pipes & Industries Limited is a leading Indian manufacturer specializing in ERW and SAW pipes. The company has a strong historical connection starting as a Birla-promoted entity in 1960. Zenith Steel Pipes operates significant production facilities in Khopoli and has expanded internationally with subsidiaries like Zenith Middle East FZE. The company underwent major changes, including demergers and capacity expansions, growing steel pipe production from 120,000 to 210,000 tonnes. Despite missing recent data, its historical expansions and strategic decisions suggest a focus on growth and diversification.

Over the past 52 weeks, Zenith Steel Pipes & Industries Ltd has traded between a low of ₹4.39 and a high of ₹10.27. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Zenith Steel Pipes & Industries Ltd has a market capitalization of approximately 81.24. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Zenith Steel Pipes & Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 17.89 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 81.24 Cr, Zenith Steel Pipes & Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Zenith Steel Pipes & Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Zenith Steel Pipes & Industries Ltd is 17.89. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Zenith Steel Pipes Industries Ltd

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