ZENITHSTLIndustrials

Zenith Steel Pipes & Industries Limited

Iron & Steel Products · ISIN INE318D01020 · BSE 531845 · NSE EQ · FV ₹10
Last price
₹6
+1.28%today
What this company does

Zenith Steel Pipes & Industries Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹7 cr of revenue in its latest quarter (Q1 FY27) and kept 6.1% of sales as profit.

In the report:
35out of 100
Equitytale Health Score
Strained

Healthier than 35% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet14

How much it owes, and whether earnings cover the interest

Cash quality41

Whether reported profit actually arrives as cash

Growth & consistency17

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk66

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Watch-outs
! Thin 6.1% net margin
! Sales down 62% vs last year
! Profit down 54% vs last year
! 0.2% of promoter stake pledged
! Operating cash flow is negative

What if I invest in ZENITHSTL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹6 +1.28%
latest close · 2026-09-17
1-year return
+517.8%
52-wk low ₹152-wk high ₹13
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio46.3High
LowAverageHigh
EV / EBITDA48.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin6.1%Decent
ThinDecentStrong
EBITDA margin21.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover1.7×Risky
RiskyOkayStrong ▸5×
Current ratio0.23Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹79 cr
Book value
₹-17
EPS
₹0.03
latest quarter
Net debt
₹219 cr
owes more than its cash
Enterprise value
₹298 cr
EBITDA
₹6 cr
annualised
EBIT
₹4 cr
annualised
Operating margin
14.9%
Return on assets
1.1%
Earnings yield
2.16%
P/S
2.76
Sales / share
₹2.0
Tax rate
0.0%
Face value
₹10
Shares
14.2 cr
Working capital
₹-272 cr
Current assets
₹84 cr
Current liabilities
₹356 cr
Delivery %
72.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹7 cr
Other Income₹2 cr
Total Income₹9 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-1 cr
Employee Benefit Expense₹1 cr
Finance Costs₹61.1 L
Depreciation & Amortisation₹47.6 L
Other Expenses₹4 cr
Total Expenses₹8 cr
Profit before Tax₹45.8 L
Tax Expense₹0 cr
Net Profit₹43.8 L
Net margin on total income5.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2 cr19.5%
Employee benefit expense₹1 cr12.7%
Finance costs₹61.1 L6.9%
Depreciation & amortisation₹47.6 L5.4%
Other expenses₹4 cr50.5%
Profit for the period₹43.8 L5.0%
Total income ₹9 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue9 cr11 cr7 cr
Total income16 cr15 cr9 cr
Expenses14 cr15 cr8 cr
Profit before tax1 cr1 cr45.8 L
Tax0 cr0 cr0 cr
Net profit (owners' share)1 cr1 cr43.8 L
Net margin (owners' share, on revenue)15.6%12.3%6.1%
EPS (₹)0.100.100.03
YoY (latest quarter): total income -65.3% · net profit -54.2%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹154 cr
Shareholder equity
₹-249 cr
parent shareholders
Total debt
₹220 cr
Cash
₹1 cr
Cash flow · H1 FY26
Operating
₹-4 cr
Investing
₹-36.1 L
Financing
₹-1 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
0.2% pledged
Promoter
15.6%
FII / Foreign
DII / Domestic
0.0%
Retail / others
84.3%
Smart-money activity
Insider trades
BoughtBirla edutech Limited · Promoter Group70.00 L · ₹4.0 cr23 Oct 20
BoughtBirla Precision Technologies Limited · Promoter Group70.00 L · ₹7.0 cr23 Oct 20
SoldNirved Traders Private Limited · Promoters13.35 L · ₹8.1 L21 Oct 16
Bulk / block deals
SoldENDOGRAM LEASING AND TRADING COMPANY PRIVATE LIMITED · NSE8.04 L @ ₹5.4522 Jan 26
SoldIRAGE BROKING SERVICES LLP · NSE8.38 L @ ₹9.0713 Jun 25
BoughtIRAGE BROKING SERVICES LLP · NSE5.96 L @ ₹9.2513 Jun 25
Stake changes
BoughtHitesh Ramji Javeri & Associates alongwith PAC's→ 7.16% · 66,11224 Dec 20
BoughtBirla Precision Technologies Limited · promoter→ 4.92% · 70.00 L27 Oct 20
OthersBirla Edutech Limited · promoter→ 3.05%27 Oct 20
Promoter pledges
ReleasedBirla Infrastructure Ltd.13.35 L · 1.02% held1 Sep 16
ReleasedDilip I. Shah0 · 0.03% held1 Sep 16
ReleasedWazir Financial Services Pvt. Ltd.0 · 2.09% held1 Sep 16
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider and adopt: a. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.42 L votes for, 1,165 against
2
To appoint a director in place of Mr. Purushottam Digambar Sonavane (DIN: 08405653), Director who retire by rotation and being eligible offers himself for reappointment.
Backed by 100% of shareholders other than promotersneeded 50%
20.36 L votes for, 1,165 against
3
Appointment of M/s. D E V A M & Associates LLP, Chartered Accountants (Firm Registration No. 139355W/W100925) as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
20.42 L votes for, 1,165 against
4
To ratify remuneration of Cost Auditor
Backed by 100% of shareholders other than promotersneeded 50%
20.36 L votes for, 1,165 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 15.6% between them · as of 2026-06-30
BIRLA BOMBAY PRIVATE LIMITED5.74%
BIRLA PRECISION TECHNOLOGIES4.92%
BIRLA EDUTECH2.81%
NIRVED TRADERS PVT LTD1.93%
ASIAN DISTRIBUTORS PRIVATE LIMITED0.10%
YASH SOCIETY0.05%
M/S BIRLA INTERNATIONAL PVT LTD0.03%
MATRI SEVA SADAN CHARITY TRUST0.02%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.