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Zenith Steel Pipes & Industries

ZENITHSTL NSE
₹5.01 up 0.02 (0.40%)
Market Cap
₹71.28 Cr
P/E
17.89

Zenith Steel Pipes & Industries (ZENITHSTL) share price was ₹4.99 at the 28 Oct 2026 close; market capitalisation ₹71.00 Cr; P/E (TTM) 17.82; sector Industrial Products. The share price fell 44.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 62.1% year on year to ₹7.18 Cr and net profit fell 54.2% year on year to ₹0.44 Cr (compared with Jun 2025). Promoters held 15.64% of Zenith Steel Pipes & Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 34/100 (Poor) as of 28 Oct 2026.

Close 28 Oct 2026 ₹4.99 −4.14 −45.35% 1Y

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods
Market Cap
₹71.28 Cr
P/E (TTM)
17.89
EBITDA
₹7.50 Cr
Return on Equity
-1.79%
Debt to Equity
0
Book Value
−₹17.50
EPS (TTM)
₹0.28
52W High
₹9.43
52W Low
₹4.41

Price-based figures as of 29 Oct 2026, 10:55 IST · EPS basis: Consolidated · TTM

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Welspun Corp
₹2,574.4029.4067,910 Cr7.420.20%17.23%19.52%18,378 Cr2,319 Cr
APL Apollo Tubes
₹2,230.4050.3861,929 Cr10.790.38%22.71%28.21%24,268 Cr1,229 Cr
Shyam Metalics & Energy
₹1,161.8028.8732,430 Cr2.810.16%8.58%12.95%19,781 Cr1,121 Cr
Ratnamani Metals & Tubes
₹2,331.7037.7616,343 Cr3.980.43%12.70%16.32%4,431 Cr514 Cr
Jindal SAW
₹241.2528.1215,428 Cr1.220.82%7.53%10.94%18,622 Cr498 Cr
Gallantt Ispat
₹581.5032.1814,030 Cr4.020.37%14.60%17.99%4,646 Cr436 Cr
Usha Martin
₹456.9527.4613,925 Cr4.220.78%14.88%18.75%3,918 Cr508 Cr
Zenith Steel Pipes & Industries (this company)
₹5.0117.8971 Cr—0.00%-1.79%-3.43%62 Cr4 Cr
Median 8 companies₹871.6529.1415,886 Cr4.020.38%13.65%17.16%11,512 Cr511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live 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 →

34 Poor
Overall score

Data confidence 93/100

Category scores

Quality Poor 25
Returns, margins, earnings quality 22% weight
Valuation Weak 39
Cheap vs sector & own history 24% weight
Growth Poor 1
Sales & profit trajectory 9% weight
Financial Health Poor 25
Solvency, leverage, coverage 9% weight
Momentum Poor 34
Trend strength, vol-adjusted 12% weight
Ownership Average 50
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

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

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
12
Neutral
7
Bullish
0

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-40.29% lower than 3Y

change over 1 year

Net Income Growth
800% higher than 3Y

change over 1 year

Cash Flow Change
-128%

change over 1 year

EBITDA Margin Change
157%

change over 1 year Operating margin -1.67% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
1.83
1.24
0.91
5.93
6.51
7.25
6.22
5.06
1.64
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
0.72
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
-0.67
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Zenith Steel Pipes & Industries insights

56 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

DIIs0.02%Public71.99%Others12.35%Promot.15.64%As ofSep 2026
0.20% of promoter holding pledged as of Sep 2026

Documents

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[1]
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 market capitalisation of Zenith Steel Pipes & Industries Ltd?
Zenith Steel Pipes & Industries Ltd has a market capitalisation of ₹71.28 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Zenith Steel Pipes & Industries Ltd?
Zenith Steel Pipes & Industries Ltd trades at a PE ratio of 17.89 as of 29 Oct 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 ₹9.43 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Zenith Steel Pipes & Industries Ltd?
Zenith Steel Pipes & Industries Ltd reported a return on equity of -1.79%. Its debt-to-equity ratio is 0.00.

Company Information

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

Website zenithsteelpipes.com
CEO Ms. Minal Umesh Pote
Employees 121
Listed 2007-04-30
Face Value ₹ 10
Shares Outstanding 14,22,80,448

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