Zenith Steel Pipes & Industries Ltd.
•₹ 5.410.93%
2026-08-21
PROS
- Company is almost debt free
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- A large part of profit comes from other income (2120.3% of PBT)
- Recent results are weak - TTM profit is down 46.3% versus prior year
- Company has a low return on capital employed of 0.0%
- Company has a low return on equity of 0.0% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSWSTEEL | 1281.30 | 12.64 | 313336.02 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 184.00 | 20.82 | 229695.59 | 2.17 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 172.50 | 16.68 | 71251.56 | 1.36 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | JSL | 723.75 | 18.37 | 59667.37 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 5. | APLAPOLLO | 2115.90 | 47.80 | 58749.74 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 6. | WELCORP | 1974.70 | 22.56 | 52090.74 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 988.70 | 24.57 | 27597.77 | 0.46 | 3507.30 | 1106.63 | 54550.90 | 1133.35 | 13.88 | 14.03 |
| 8. | SARDAEN | 512.45 | 15.98 | 18057.78 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 268.95 | 26.32 | 17199.57 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 246.30 | 20.55 | 16578.39 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2295.95 | 37.17 | 16092.77 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | ZENITHSTL | 5.35 | 18.96 | 76.12 | 0.00 | 0.44 | -54.23 | 7.18 | -62.07 | 0.00 | -1.64 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24 | 28 | 46 | 43 | 29 | 30 | 36 | 25 | 19 | 14 | 9 | 11 | 7 | |
| 25 | 34 | 45 | 36 | 31 | 31 | 36 | 27 | 23 | 19 | 13 | 14 | 8 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 5 | 2 | 1 | 1 | 6 | 7 | 7 | 6 | 4 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -2 | -8 | -1 | 10 | -2 | -0 | -0 | 3 | 1 | 1 | 1 | 1 | 0 | |
| Tax % | -0.00% | -0.00% | -0.00% | 0.00% | -0.00% | -0.00% | -0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0 | 0 | 0 | 0 | -2 | -0 | -0 | 3 | 1 | 1 | 1 | 1 | 0 |
| -0 | -1 | -0 | 1 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Equity Capital | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 | 142 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 24
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -2
- Tax %
- -0.00%
- Net Profit
- 0
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 28
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -8
- Tax %
- -0.00%
- Net Profit
- 0
- -1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 46
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -1
- Tax %
- -0.00%
- Net Profit
- 0
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 43
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 1
- 10
- Tax %
- 0.00%
- Net Profit
- 0
- 1
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 29
- 31
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- -2
- Tax %
- -0.00%
- Net Profit
- -2
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 30
- 31
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 36
- 36
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -0
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 25
- 27
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 0.00%
- Net Profit
- 3
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 19
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 14
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 9
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 11
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 7
- 8
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 91 | 157 | 170 | 184 | 101 | 78 | 163 | 165 | 143 | 119 | 42 | |
| 129 | 176 | 212 | 298 | 132 | 79 | 148 | 177 | 144 | 122 | 55 | |
| Operating Profit | -15 | -18 | -25 | -100 | -18 | 9 | 16 | -5 | 5 | 7 | — |
| OPM % | -16 | -12 | -15 | -55 | -18 | 12 | 10 | -3 | 4 | 6 | — |
| Other Income | 23 | 1 | 17 | 14 | 13 | 11 | 1 | 7 | 5 | 10 | 19 |
| Interest | 10 | 9 | 8 | 7 | 5 | 3 | 7 | 3 | 3 | 5 | 2 |
| Depreciation | 6 | 6 | 7 | 6 | 6 | 3 | 3 | 2 | 3 | 2 | 2 |
| -33 | -33 | -41 | -120 | -28 | 3 | 14 | -11 | -0 | 0 | 4 | |
| Tax % | -0 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 0 | 0 | 0 |
| Net Profit | -33 | -33 | -41 | -120 | -28 | 3 | 12 | -11 | -0 | 0 | 4 |
| EPS | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -1 | -0 | 0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | -3 | -3 | -9 | -2 | -1 | 1 | -1 | -0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2 | -3 | -3 | -9 | -2 | -1 | 1 | -1 | -0 | 0 | — |
Mar 2016
- 91
- 129
- Operating Profit
- -15
- OPM %
- -16
- Other Income
- 23
- Interest
- 10
- Depreciation
- 6
- -33
- Tax %
- -0
- Net Profit
- -33
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2017
- 157
- 176
- Operating Profit
- -18
- OPM %
- -12
- Other Income
- 1
- Interest
- 9
- Depreciation
- 6
- -33
- Tax %
- 0
- Net Profit
- -33
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2018
- 170
- 212
- Operating Profit
- -25
- OPM %
- -15
- Other Income
- 17
- Interest
- 8
- Depreciation
- 7
- -41
- Tax %
- 0
- Net Profit
- -41
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2019
- 184
- 298
- Operating Profit
- -100
- OPM %
- -55
- Other Income
- 14
- Interest
- 7
- Depreciation
- 6
- -120
- Tax %
- 0
- Net Profit
- -120
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2020
- 101
- 132
- Operating Profit
- -18
- OPM %
- -18
- Other Income
- 13
- Interest
- 5
- Depreciation
- 6
- -28
- Tax %
- 0
- Net Profit
- -28
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 78
- 79
- Operating Profit
- 9
- OPM %
- 12
- Other Income
- 11
- Interest
- 3
- Depreciation
- 3
- 3
- Tax %
- 0
- Net Profit
- 3
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 163
- 148
- Operating Profit
- 16
- OPM %
- 10
- Other Income
- 1
- Interest
- 7
- Depreciation
- 3
- 14
- Tax %
- 12
- Net Profit
- 12
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 165
- 177
- Operating Profit
- -5
- OPM %
- -3
- Other Income
- 7
- Interest
- 3
- Depreciation
- 2
- -11
- Tax %
- 0
- Net Profit
- -11
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2024
- 143
- 144
- Operating Profit
- 5
- OPM %
- 4
- Other Income
- 5
- Interest
- 3
- Depreciation
- 3
- -0
- Tax %
- 0
- Net Profit
- -0
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2025
- 119
- 122
- Operating Profit
- 7
- OPM %
- 6
- Other Income
- 10
- Interest
- 5
- Depreciation
- 2
- 0
- Tax %
- 0
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
TTM
- 42
- 55
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 2
- Depreciation
- 2
- 4
- Tax %
- 0
- Net Profit
- 4
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 3%
- 3 Years:
- -10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -73%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 35%
- 3 Years:
- 10%
- 1 Year:
- -33%
RETURN ON EQUITY
- 10 Years:
- 0%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 131 | 131 | 131 | 131 | 131 | 142 | 142 | 142 | 142 | 142 |
| -186 | -219 | -260 | -373 | -383 | -396 | -384 | -398 | -399 | -399 | |
| 216 | 254 | 251 | 252 | 211 | 199 | 195 | 191 | 171 | 171 | |
| Trade Payables | 41 | 62 | 79 | 69 | 54 | 40 | 90 | 91 | 89 | 90 |
| 157 | 126 | 146 | 157 | 166 | 150 | 150 | 143 | 178 | 154 | |
| Total Liabilities | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 97 | 92 | 80 | 75 | 66 | 48 | 44 | 45 | 44 | 42 | |
| Capital Work in Progress | 13 | 13 | 13 | 14 | 0 | 0 | 0 | 1 | 1 | 1 |
| 19 | 13 | 4 | 1 | 5 | 11 | 28 | 21 | 20 | 8 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59 | 57 | |
| Cash & Bank | 5 | 3 | 4 | 5 | 3 | 3 | 4 | 6 | 1 | 3 |
| 225 | 233 | 245 | 142 | 106 | 74 | 116 | 96 | 57 | 48 | |
| Total Assets | 360 | 353 | 346 | 236 | 180 | 136 | 192 | 169 | 182 | 159 |
| Total Debt | 291 | 300 | 296 | 283 | 247 | 228 | 227 | 220 | 215 | 215 |
| Net Working Capital | -129 | -166 | -191 | -313 | -295 | -286 | -266 | -287 | -295 | -295 |
| Contingent Liabilities | 277 | 346 | 388 | 218 | 152 | 93 | 89 | 52 | 52 | 37 |
| Book Value per Share | -4.17 | -6.71 | -9.79 | -18.42 | -19.14 | -17.83 | -17.00 | -18.00 | -18.05 | -18.05 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 291 | 300 | 296 | 283 | 247 | 228 | 227 | 220 | 215 | 215 |
| Net Working Capital | -129 | -166 | -191 | -313 | -295 | -286 | -266 | -287 | -295 | -295 |
| Contingent Liabilities | 277 | 346 | 388 | 218 | 152 | 93 | 89 | 52 | 52 | 37 |
| Book Value per Share | -4.17 | -6.71 | -9.79 | -18.42 | -19.14 | -17.83 | -17.00 | -18.00 | -18.05 | -18.05 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 131
- -186
- 216
- Trade Payables
- 41
- 157
- Total Liabilities
- 360
- 97
- Capital Work in Progress
- 13
- 19
- 0
- Cash & Bank
- 5
- 225
- Total Assets
- 360
- Total Debt
- 291
- Net Working Capital
- -129
- Contingent Liabilities
- 277
- Book Value per Share
- -4.17
- Face Value
- 10.00
- Total Debt
- 291
- Net Working Capital
- -129
- Contingent Liabilities
- 277
- Book Value per Share
- -4.17
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 131
- -219
- 254
- Trade Payables
- 62
- 126
- Total Liabilities
- 353
- 92
- Capital Work in Progress
- 13
- 13
- 0
- Cash & Bank
- 3
- 233
- Total Assets
- 353
- Total Debt
- 300
- Net Working Capital
- -166
- Contingent Liabilities
- 346
- Book Value per Share
- -6.71
- Face Value
- 10.00
- Total Debt
- 300
- Net Working Capital
- -166
- Contingent Liabilities
- 346
- Book Value per Share
- -6.71
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 131
- -260
- 251
- Trade Payables
- 79
- 146
- Total Liabilities
- 346
- 80
- Capital Work in Progress
- 13
- 4
- 0
- Cash & Bank
- 4
- 245
- Total Assets
- 346
- Total Debt
- 296
- Net Working Capital
- -191
- Contingent Liabilities
- 388
- Book Value per Share
- -9.79
- Face Value
- 10.00
- Total Debt
- 296
- Net Working Capital
- -191
- Contingent Liabilities
- 388
- Book Value per Share
- -9.79
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 131
- -373
- 252
- Trade Payables
- 69
- 157
- Total Liabilities
- 236
- 75
- Capital Work in Progress
- 14
- 1
- 0
- Cash & Bank
- 5
- 142
- Total Assets
- 236
- Total Debt
- 283
- Net Working Capital
- -313
- Contingent Liabilities
- 218
- Book Value per Share
- -18.42
- Face Value
- 10.00
- Total Debt
- 283
- Net Working Capital
- -313
- Contingent Liabilities
- 218
- Book Value per Share
- -18.42
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 131
- -383
- 211
- Trade Payables
- 54
- 166
- Total Liabilities
- 180
- 66
- Capital Work in Progress
- 0
- 5
- 0
- Cash & Bank
- 3
- 106
- Total Assets
- 180
- Total Debt
- 247
- Net Working Capital
- -295
- Contingent Liabilities
- 152
- Book Value per Share
- -19.14
- Face Value
- 10.00
- Total Debt
- 247
- Net Working Capital
- -295
- Contingent Liabilities
- 152
- Book Value per Share
- -19.14
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 142
- -396
- 199
- Trade Payables
- 40
- 150
- Total Liabilities
- 136
- 48
- Capital Work in Progress
- 0
- 11
- 0
- Cash & Bank
- 3
- 74
- Total Assets
- 136
- Total Debt
- 228
- Net Working Capital
- -286
- Contingent Liabilities
- 93
- Book Value per Share
- -17.83
- Face Value
- 10.00
- Total Debt
- 228
- Net Working Capital
- -286
- Contingent Liabilities
- 93
- Book Value per Share
- -17.83
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 142
- -384
- 195
- Trade Payables
- 90
- 150
- Total Liabilities
- 192
- 44
- Capital Work in Progress
- 0
- 28
- 0
- Cash & Bank
- 4
- 116
- Total Assets
- 192
- Total Debt
- 227
- Net Working Capital
- -266
- Contingent Liabilities
- 89
- Book Value per Share
- -17.00
- Face Value
- 10.00
- Total Debt
- 227
- Net Working Capital
- -266
- Contingent Liabilities
- 89
- Book Value per Share
- -17.00
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 142
- -398
- 191
- Trade Payables
- 91
- 143
- Total Liabilities
- 169
- 45
- Capital Work in Progress
- 1
- 21
- 0
- Cash & Bank
- 6
- 96
- Total Assets
- 169
- Total Debt
- 220
- Net Working Capital
- -287
- Contingent Liabilities
- 52
- Book Value per Share
- -18.00
- Face Value
- 10.00
- Total Debt
- 220
- Net Working Capital
- -287
- Contingent Liabilities
- 52
- Book Value per Share
- -18.00
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 142
- -399
- 171
- Trade Payables
- 89
- 178
- Total Liabilities
- 182
- 44
- Capital Work in Progress
- 1
- 20
- 59
- Cash & Bank
- 1
- 57
- Total Assets
- 182
- Total Debt
- 215
- Net Working Capital
- -295
- Contingent Liabilities
- 52
- Book Value per Share
- -18.05
- Face Value
- 10.00
- Total Debt
- 215
- Net Working Capital
- -295
- Contingent Liabilities
- 52
- Book Value per Share
- -18.05
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 142
- -399
- 171
- Trade Payables
- 90
- 154
- Total Liabilities
- 159
- 42
- Capital Work in Progress
- 1
- 8
- 57
- Cash & Bank
- 3
- 48
- Total Assets
- 159
- Total Debt
- 215
- Net Working Capital
- -295
- Contingent Liabilities
- 37
- Book Value per Share
- -18.05
- Face Value
- 10.00
- Total Debt
- 215
- Net Working Capital
- -295
- Contingent Liabilities
- 37
- Book Value per Share
- -18.05
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5 | 7 | 4 | 21 | 25 | 16 | -1 | 17 | 5 | 6 | |
| Cash from Investing | 7 | -2 | 5 | -0 | 14 | -0 | 9 | -4 | -2 | -2 |
| Cash from Financing | 1 | -7 | -7 | -21 | -41 | -15 | -7 | -11 | -7 | -2 |
| 3 | -2 | 2 | 0 | -2 | 1 | 0 | 2 | -5 | 2 | |
| Free Cash Flow | -7 | 7 | 4 | 21 | 25 | 16 | -1 | 14 | 3 | 6 |
| OCF / Net Profit | 0.16 | -0.21 | -0.10 | -0.18 | -0.88 | 5.75 | -0.09 | -1.56 | -10.24 | 13.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 50 | 72 | 65 | 74 | 57 | 37 |
| OCF / Net Profit | 0.16 | -0.21 | -0.10 | -0.18 | -0.88 | 5.75 | -0.09 | -1.56 | -10.24 | 13.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 50 | 72 | 65 | 74 | 57 | 37 |
Mar 2016
- -5
- Cash from Investing
- 7
- Cash from Financing
- 1
- 3
- Free Cash Flow
- -7
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- 0
Mar 2017
- 7
- Cash from Investing
- -2
- Cash from Financing
- -7
- -2
- Free Cash Flow
- 7
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.21
- Cumulative 5-Year FCF
- 0
Mar 2018
- 4
- Cash from Investing
- 5
- Cash from Financing
- -7
- 2
- Free Cash Flow
- 4
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 0
Mar 2019
- 21
- Cash from Investing
- -0
- Cash from Financing
- -21
- 0
- Free Cash Flow
- 21
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.18
- Cumulative 5-Year FCF
- 0
Mar 2020
- 25
- Cash from Investing
- 14
- Cash from Financing
- -41
- -2
- Free Cash Flow
- 25
- OCF / Net Profit
- -0.88
- Cumulative 5-Year FCF
- 50
- OCF / Net Profit
- -0.88
- Cumulative 5-Year FCF
- 50
Mar 2021
- 16
- Cash from Investing
- -0
- Cash from Financing
- -15
- 1
- Free Cash Flow
- 16
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 72
- OCF / Net Profit
- 5.75
- Cumulative 5-Year FCF
- 72
Mar 2022
- -1
- Cash from Investing
- 9
- Cash from Financing
- -7
- 0
- Free Cash Flow
- -1
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 65
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 65
Mar 2023
- 17
- Cash from Investing
- -4
- Cash from Financing
- -11
- 2
- Free Cash Flow
- 14
- OCF / Net Profit
- -1.56
- Cumulative 5-Year FCF
- 74
- OCF / Net Profit
- -1.56
- Cumulative 5-Year FCF
- 74
Mar 2024
- 5
- Cash from Investing
- -2
- Cash from Financing
- -7
- -5
- Free Cash Flow
- 3
- OCF / Net Profit
- -10.24
- Cumulative 5-Year FCF
- 57
- OCF / Net Profit
- -10.24
- Cumulative 5-Year FCF
- 57
Mar 2025
- 6
- Cash from Investing
- -2
- Cash from Financing
- -2
- 2
- Free Cash Flow
- 6
- OCF / Net Profit
- 13.04
- Cumulative 5-Year FCF
- 37
- OCF / Net Profit
- 13.04
- Cumulative 5-Year FCF
- 37
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -2.49 | -2.53 | -3.13 | -9.15 | -2.16 | -0.95 | 0.82 | -1.01 | -0.05 | 0.02 |
| Book Value (₹) | -4.17 | -6.71 | -9.79 | -18.42 | -19.14 | -17.83 | -17.00 | -18.00 | -18.05 | -18.05 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -2.02 | -2.05 | -2.57 | -8.70 | -1.73 | 0.40 | 1.06 | -0.61 | 0.15 | 0.17 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -15.03% | -11.21% | -14.60% | -54.61% | -17.93% | 11.78% | 9.76% | -3.14% | -0.20% | -2.59% |
| Net Margin % | -33.56% | -20.48% | -23.56% | -65.44% | -27.96% | 3.67% | 7.65% | -6.73% | -0.32% | 0.40% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | -9.03% | -10.95% | -17.61% | -108.08% | -128.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| -9.01% | -9.32% | -11.75% | -41.27% | -13.63% | 1.81% | 7.60% | -6.15% | -0.26% | 0.28% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 398 | 265 | 254 | 151 | 81 | 49 | 70 | 108 | 135 | 177 |
| Inventory Days | 60 | 36 | 18 | 5 | 11 | 38 | 43 | 54 | 52 | 42 |
| Payable Days | 185 | 151 | 175 | 228 | 372 | 362 | 251 | 270 | 413 | 601 |
| 273 | 150 | 96 | -72 | -279 | -275 | -138 | -108 | -226 | -382 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -5.32x | -3.40x | -2.30x | -1.17x | -0.98x | -0.90x | -0.94x | -0.86x | -0.84x | -0.84x |
| Interest Coverage (x) | -2.13x | -2.83x | -4.34x | -15.49x | -5.26x | 1.82x | 3.02x | -2.19x | 0.84x | 1.10x |
| 0.65x | 0.59x | 0.57x | 0.31x | 0.27x | 0.23x | 0.35x | 0.30x | 0.27x | 0.23x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 8.89% | 71.52% | 8.11% | 8.24% | -44.79% | -23.19% | 109.47% | 1.11% | -13.16% | -16.85% |
| Operating Profit Growth % | 69.96% | -24.21% | -40.05% | -294.01% | 81.88% | 150.49% | 73.57% | -132.47% | 197.60% | 40.21% |
| Net Profit Growth % | 54.05% | -1.65% | -23.72% | -192.57% | 76.41% | 110.08% | 336.79% | -189.00% | 95.83% | 203.50% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 95.16% | 132.32% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 410.85x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.42x | -0.36x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 63.70x | 43.01x |
Mar 2016
- EPS (₹)
- -2.49
- Book Value (₹)
- -4.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.02
- Operating Margin %
- -15.03%
- Net Margin %
- -33.56%
- ROE %
- 0.00%
- ROCE %
- -9.03%
- -9.01%
- Debtor Days
- 398
- Inventory Days
- 60
- Payable Days
- 185
- 273
- Debt to Equity (x)
- -5.32x
- Interest Coverage (x)
- -2.13x
- 0.65x
- Revenue Growth %
- 8.89%
- Operating Profit Growth %
- 69.96%
- Net Profit Growth %
- 54.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -2.53
- Book Value (₹)
- -6.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.05
- Operating Margin %
- -11.21%
- Net Margin %
- -20.48%
- ROE %
- 0.00%
- ROCE %
- -10.95%
- -9.32%
- Debtor Days
- 265
- Inventory Days
- 36
- Payable Days
- 151
- 150
- Debt to Equity (x)
- -3.40x
- Interest Coverage (x)
- -2.83x
- 0.59x
- Revenue Growth %
- 71.52%
- Operating Profit Growth %
- -24.21%
- Net Profit Growth %
- -1.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -3.13
- Book Value (₹)
- -9.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.57
- Operating Margin %
- -14.60%
- Net Margin %
- -23.56%
- ROE %
- 0.00%
- ROCE %
- -17.61%
- -11.75%
- Debtor Days
- 254
- Inventory Days
- 18
- Payable Days
- 175
- 96
- Debt to Equity (x)
- -2.30x
- Interest Coverage (x)
- -4.34x
- 0.57x
- Revenue Growth %
- 8.11%
- Operating Profit Growth %
- -40.05%
- Net Profit Growth %
- -23.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -9.15
- Book Value (₹)
- -18.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8.70
- Operating Margin %
- -54.61%
- Net Margin %
- -65.44%
- ROE %
- 0.00%
- ROCE %
- -108.08%
- -41.27%
- Debtor Days
- 151
- Inventory Days
- 5
- Payable Days
- 228
- -72
- Debt to Equity (x)
- -1.17x
- Interest Coverage (x)
- -15.49x
- 0.31x
- Revenue Growth %
- 8.24%
- Operating Profit Growth %
- -294.01%
- Net Profit Growth %
- -192.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -2.16
- Book Value (₹)
- -19.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.73
- Operating Margin %
- -17.93%
- Net Margin %
- -27.96%
- ROE %
- 0.00%
- ROCE %
- -128.37%
- -13.63%
- Debtor Days
- 81
- Inventory Days
- 11
- Payable Days
- 372
- -279
- Debt to Equity (x)
- -0.98x
- Interest Coverage (x)
- -5.26x
- 0.27x
- Revenue Growth %
- -44.79%
- Operating Profit Growth %
- 81.88%
- Net Profit Growth %
- 76.41%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.95
- Book Value (₹)
- -17.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.40
- Operating Margin %
- 11.78%
- Net Margin %
- 3.67%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 1.81%
- Debtor Days
- 49
- Inventory Days
- 38
- Payable Days
- 362
- -275
- Debt to Equity (x)
- -0.90x
- Interest Coverage (x)
- 1.82x
- 0.23x
- Revenue Growth %
- -23.19%
- Operating Profit Growth %
- 150.49%
- Net Profit Growth %
- 110.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.82
- Book Value (₹)
- -17.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.06
- Operating Margin %
- 9.76%
- Net Margin %
- 7.65%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 7.60%
- Debtor Days
- 70
- Inventory Days
- 43
- Payable Days
- 251
- -138
- Debt to Equity (x)
- -0.94x
- Interest Coverage (x)
- 3.02x
- 0.35x
- Revenue Growth %
- 109.47%
- Operating Profit Growth %
- 73.57%
- Net Profit Growth %
- 336.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -1.01
- Book Value (₹)
- -18.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.61
- Operating Margin %
- -3.14%
- Net Margin %
- -6.73%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- -6.15%
- Debtor Days
- 108
- Inventory Days
- 54
- Payable Days
- 270
- -108
- Debt to Equity (x)
- -0.86x
- Interest Coverage (x)
- -2.19x
- 0.30x
- Revenue Growth %
- 1.11%
- Operating Profit Growth %
- -132.47%
- Net Profit Growth %
- -189.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.05
- Book Value (₹)
- -18.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.15
- Operating Margin %
- -0.20%
- Net Margin %
- -0.32%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- -0.26%
- Debtor Days
- 135
- Inventory Days
- 52
- Payable Days
- 413
- -226
- Debt to Equity (x)
- -0.84x
- Interest Coverage (x)
- 0.84x
- 0.27x
- Revenue Growth %
- -13.16%
- Operating Profit Growth %
- 197.60%
- Net Profit Growth %
- 95.83%
- 95.16%
- P/E (x)
- 0.00x
- P/B (x)
- -0.42x
- Dividend Yield %
- 0.00%
- 63.70x
Mar 2025
- EPS (₹)
- 0.02
- Book Value (₹)
- -18.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.17
- Operating Margin %
- -2.59%
- Net Margin %
- 0.40%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 0.28%
- Debtor Days
- 177
- Inventory Days
- 42
- Payable Days
- 601
- -382
- Debt to Equity (x)
- -0.84x
- Interest Coverage (x)
- 1.10x
- 0.23x
- Revenue Growth %
- -16.85%
- Operating Profit Growth %
- 40.21%
- Net Profit Growth %
- 203.50%
- 132.32%
- P/E (x)
- 410.85x
- P/B (x)
- -0.36x
- Dividend Yield %
- 0.00%
- 43.01x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Zenith Steel Pipes & Industries Limited has informed the Exchange about Copy of Newspaper Publication for unaudited standalone and consolidated financial result for the quarter ended June 30, 2026
- Outcome of Board Meeting
2026-08-14 - Zenith Steel Pipes & Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.