Zenith Steel Pipes & Industries Ltd.
•₹ 5.410.93%
2026-08-21
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 7.92x)
- 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 67.1% 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 | 1296.00 | 12.79 | 316930.83 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 183.25 | 20.73 | 228759.33 | 2.18 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 174.85 | 16.90 | 72222.23 | 1.34 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | APLAPOLLO | 2142.50 | 48.40 | 59488.31 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 5. | JSL | 718.45 | 18.23 | 59230.43 | 0.56 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 6. | WELCORP | 2004.10 | 22.89 | 52866.28 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 996.80 | 24.77 | 27823.86 | 0.45 | 3507.30 | 1106.63 | 54550.90 | 1133.35 | 13.88 | 14.03 |
| 8. | SARDAEN | 508.30 | 15.85 | 17911.54 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 269.60 | 26.38 | 17241.14 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 247.45 | 20.65 | 16655.80 | 0.40 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2285.90 | 37.01 | 16022.33 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | ZENITHSTL | 5.33 | 18.89 | 75.84 | 0.00 | 0.44 | -54.23 | 7.18 | -62.07 | 0.00 | -1.64 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 9 | 7 | |
| 25 | 28 | 45 | 42 | 31 | 31 | 36 | 27 | 23 | 19 | 13 | 12 | 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 | -2 | -1 | 4 | -2 | -0 | -0 | 3 | 1 | 1 | 1 | 0 | 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 | -2 | -2 | -1 | 4 | -2 | -0 | -0 | 3 | 1 | 1 | 1 | 0 | 0 |
| -0 | -0 | -0 | 0 | -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
- -2
- -0
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 142
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 28
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -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%
Dec 2023
- 46
- 45
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 1
- Depreciation
- 1
- -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 2024
- 43
- 42
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 0.00%
- Net Profit
- 4
- 0
- 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
- 9
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- 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%
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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 75 | 86 | 129 | 139 | 62 | 65 | 146 | 164 | 143 | 119 | 38 | |
| 112 | 107 | 171 | 250 | 86 | 69 | 143 | 162 | 144 | 122 | 52 | |
| Operating Profit | -15 | -20 | -26 | -100 | -18 | 1 | 4 | 9 | 5 | 7 | — |
| OPM % | -20 | -24 | -20 | -72 | -30 | 2 | 3 | 6 | 4 | 6 | — |
| Other Income | 22 | 1 | 17 | 11 | 6 | 5 | 0 | 7 | 5 | 10 | 19 |
| Interest | 10 | 7 | 7 | 7 | 4 | 3 | 7 | 3 | 3 | 5 | 2 |
| Depreciation | 6 | 6 | 7 | 6 | 6 | 3 | 3 | 2 | 3 | 2 | 2 |
| -33 | -34 | -41 | -119 | -28 | -5 | 2 | 4 | -0 | 0 | 3 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 69 | 0 | 0 | 0 | 0 |
| Net Profit | -33 | -34 | -41 | -119 | -28 | -5 | 1 | 4 | -0 | 0 | 3 |
| EPS | 0 | 0 | 0 | 0 | 0 | -1 | -0 | 0 | -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 | -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 | -0 | 0 | 0 | -0 | 0 | — |
Mar 2016
- 75
- 112
- Operating Profit
- -15
- OPM %
- -20
- Other Income
- 22
- 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
- 86
- 107
- Operating Profit
- -20
- OPM %
- -24
- Other Income
- 1
- Interest
- 7
- Depreciation
- 6
- -34
- Tax %
- 0
- Net Profit
- -34
- 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
- 129
- 171
- Operating Profit
- -26
- OPM %
- -20
- Other Income
- 17
- Interest
- 7
- 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
- 139
- 250
- Operating Profit
- -100
- OPM %
- -72
- Other Income
- 11
- Interest
- 7
- Depreciation
- 6
- -119
- Tax %
- 0
- Net Profit
- -119
- 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
- 62
- 86
- Operating Profit
- -18
- OPM %
- -30
- Other Income
- 6
- Interest
- 4
- 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
- 65
- 69
- Operating Profit
- 1
- OPM %
- 2
- Other Income
- 5
- Interest
- 3
- Depreciation
- 3
- -5
- Tax %
- 0
- Net Profit
- -5
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 146
- 143
- Operating Profit
- 4
- OPM %
- 3
- Other Income
- 0
- Interest
- 7
- Depreciation
- 3
- 2
- Tax %
- 69
- Net Profit
- 1
- 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 2023
- 164
- 162
- Operating Profit
- 9
- OPM %
- 6
- Other Income
- 7
- Interest
- 3
- Depreciation
- 2
- 4
- Tax %
- 0
- Net Profit
- 4
- 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 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
- 38
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 2
- Depreciation
- 2
- 3
- Tax %
- 0
- Net Profit
- 3
- 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:
- 6%
- 5 Years:
- 14%
- 3 Years:
- -7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -33%
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
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| -176 | -210 | -250 | -363 | -372 | -393 | -393 | -392 | -393 | -393 | |
| 211 | 248 | 245 | 246 | 211 | 199 | 195 | 191 | 171 | 171 | |
| Trade Payables | 32 | 57 | 75 | 81 | 55 | 31 | 75 | 87 | 85 | 86 |
| 153 | 118 | 139 | 139 | 138 | 139 | 145 | 138 | 173 | 148 | |
| Total Liabilities | 351 | 345 | 340 | 235 | 164 | 119 | 164 | 166 | 179 | 155 |
| 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 |
| 3 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | |
| 19 | 13 | 3 | 1 | 5 | 11 | 28 | 21 | 20 | 8 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56 | 53 | |
| Cash & Bank | 4 | 3 | 3 | 3 | 2 | 3 | 3 | 6 | 1 | 3 |
| 215 | 221 | 239 | 139 | 88 | 57 | 89 | 93 | 57 | 48 | |
| Total Assets | 351 | 345 | 340 | 235 | 164 | 119 | 164 | 166 | 179 | 155 |
| Total Debt | 286 | 295 | 291 | 278 | 242 | 224 | 224 | 215 | 211 | 211 |
| Net Working Capital | -122 | -159 | -184 | -305 | -293 | -287 | -279 | -285 | -293 | -293 |
| Contingent Liabilities | 277 | 346 | 388 | 218 | 152 | 92 | 89 | 52 | 52 | 0 |
| Book Value per Share | -3.39 | -6.00 | -9.06 | -17.62 | -18.31 | -17.60 | -17.60 | -17.57 | -17.62 | -17.60 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 286 | 295 | 291 | 278 | 242 | 224 | 224 | 215 | 211 | 211 |
| Net Working Capital | -122 | -159 | -184 | -305 | -293 | -287 | -279 | -285 | -293 | -293 |
| Contingent Liabilities | 277 | 346 | 388 | 218 | 152 | 92 | 89 | 52 | 52 | 0 |
| Book Value per Share | -3.39 | -6.00 | -9.06 | -17.62 | -18.31 | -17.60 | -17.60 | -17.57 | -17.62 | -17.60 |
| 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
- -176
- 211
- Trade Payables
- 32
- 153
- Total Liabilities
- 351
- 97
- Capital Work in Progress
- 13
- 3
- 19
- 0
- Cash & Bank
- 4
- 215
- Total Assets
- 351
- Total Debt
- 286
- Net Working Capital
- -122
- Contingent Liabilities
- 277
- Book Value per Share
- -3.39
- Face Value
- 10.00
- Total Debt
- 286
- Net Working Capital
- -122
- Contingent Liabilities
- 277
- Book Value per Share
- -3.39
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 131
- -210
- 248
- Trade Payables
- 57
- 118
- Total Liabilities
- 345
- 92
- Capital Work in Progress
- 13
- 3
- 13
- 0
- Cash & Bank
- 3
- 221
- Total Assets
- 345
- Total Debt
- 295
- Net Working Capital
- -159
- Contingent Liabilities
- 346
- Book Value per Share
- -6.00
- Face Value
- 10.00
- Total Debt
- 295
- Net Working Capital
- -159
- Contingent Liabilities
- 346
- Book Value per Share
- -6.00
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 131
- -250
- 245
- Trade Payables
- 75
- 139
- Total Liabilities
- 340
- 80
- Capital Work in Progress
- 13
- 3
- 3
- 0
- Cash & Bank
- 3
- 239
- Total Assets
- 340
- Total Debt
- 291
- Net Working Capital
- -184
- Contingent Liabilities
- 388
- Book Value per Share
- -9.06
- Face Value
- 10.00
- Total Debt
- 291
- Net Working Capital
- -184
- Contingent Liabilities
- 388
- Book Value per Share
- -9.06
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 131
- -363
- 246
- Trade Payables
- 81
- 139
- Total Liabilities
- 235
- 75
- Capital Work in Progress
- 14
- 3
- 1
- 0
- Cash & Bank
- 3
- 139
- Total Assets
- 235
- Total Debt
- 278
- Net Working Capital
- -305
- Contingent Liabilities
- 218
- Book Value per Share
- -17.62
- Face Value
- 10.00
- Total Debt
- 278
- Net Working Capital
- -305
- Contingent Liabilities
- 218
- Book Value per Share
- -17.62
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 131
- -372
- 211
- Trade Payables
- 55
- 138
- Total Liabilities
- 164
- 66
- Capital Work in Progress
- 0
- 3
- 5
- 0
- Cash & Bank
- 2
- 88
- Total Assets
- 164
- Total Debt
- 242
- Net Working Capital
- -293
- Contingent Liabilities
- 152
- Book Value per Share
- -18.31
- Face Value
- 10.00
- Total Debt
- 242
- Net Working Capital
- -293
- Contingent Liabilities
- 152
- Book Value per Share
- -18.31
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 142
- -393
- 199
- Trade Payables
- 31
- 139
- Total Liabilities
- 119
- 48
- Capital Work in Progress
- 0
- 0
- 11
- 0
- Cash & Bank
- 3
- 57
- Total Assets
- 119
- Total Debt
- 224
- Net Working Capital
- -287
- Contingent Liabilities
- 92
- Book Value per Share
- -17.60
- Face Value
- 10.00
- Total Debt
- 224
- Net Working Capital
- -287
- Contingent Liabilities
- 92
- Book Value per Share
- -17.60
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 142
- -393
- 195
- Trade Payables
- 75
- 145
- Total Liabilities
- 164
- 44
- Capital Work in Progress
- 0
- 0
- 28
- 0
- Cash & Bank
- 3
- 89
- Total Assets
- 164
- Total Debt
- 224
- Net Working Capital
- -279
- Contingent Liabilities
- 89
- Book Value per Share
- -17.60
- Face Value
- 10.00
- Total Debt
- 224
- Net Working Capital
- -279
- Contingent Liabilities
- 89
- Book Value per Share
- -17.60
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 142
- -392
- 191
- Trade Payables
- 87
- 138
- Total Liabilities
- 166
- 45
- Capital Work in Progress
- 1
- 0
- 21
- 0
- Cash & Bank
- 6
- 93
- Total Assets
- 166
- Total Debt
- 215
- Net Working Capital
- -285
- Contingent Liabilities
- 52
- Book Value per Share
- -17.57
- Face Value
- 10.00
- Total Debt
- 215
- Net Working Capital
- -285
- Contingent Liabilities
- 52
- Book Value per Share
- -17.57
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 142
- -393
- 171
- Trade Payables
- 85
- 173
- Total Liabilities
- 179
- 44
- Capital Work in Progress
- 1
- 0
- 20
- 56
- Cash & Bank
- 1
- 57
- Total Assets
- 179
- Total Debt
- 211
- Net Working Capital
- -293
- Contingent Liabilities
- 52
- Book Value per Share
- -17.62
- Face Value
- 10.00
- Total Debt
- 211
- Net Working Capital
- -293
- Contingent Liabilities
- 52
- Book Value per Share
- -17.62
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 142
- -393
- 171
- Trade Payables
- 86
- 148
- Total Liabilities
- 155
- 42
- Capital Work in Progress
- 1
- 0
- 8
- 53
- Cash & Bank
- 3
- 48
- Total Assets
- 155
- Total Debt
- 211
- Net Working Capital
- -293
- Contingent Liabilities
- 0
- Book Value per Share
- -17.60
- Face Value
- 10.00
- Total Debt
- 211
- Net Working Capital
- -293
- Contingent Liabilities
- 0
- Book Value per Share
- -17.60
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 7 | 1 | 21 | 26 | 15 | -2 | 18 | 5 | 6 | |
| Cash from Investing | 7 | -2 | 5 | -0 | 14 | -0 | 9 | -4 | -2 | -2 |
| Cash from Financing | -4 | -6 | -7 | -20 | -40 | -13 | -7 | -11 | -7 | -3 |
| 3 | -1 | -1 | 0 | -0 | 1 | -0 | 3 | -5 | 2 | |
| Free Cash Flow | -2 | 7 | 1 | 21 | 26 | 14 | -2 | 14 | 3 | 6 |
| OCF / Net Profit | 0.01 | -0.21 | -0.03 | -0.17 | -0.91 | -3.23 | -2.20 | 4.91 | -11.00 | 13.27 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 52 | 68 | 60 | 72 | 55 | 36 |
| OCF / Net Profit | 0.01 | -0.21 | -0.03 | -0.17 | -0.91 | -3.23 | -2.20 | 4.91 | -11.00 | 13.27 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 52 | 68 | 60 | 72 | 55 | 36 |
Mar 2016
- -0
- Cash from Investing
- 7
- Cash from Financing
- -4
- 3
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- 0
Mar 2017
- 7
- Cash from Investing
- -2
- Cash from Financing
- -6
- -1
- 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
- 1
- Cash from Investing
- 5
- Cash from Financing
- -7
- -1
- Free Cash Flow
- 1
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- 0
Mar 2019
- 21
- Cash from Investing
- -0
- Cash from Financing
- -20
- 0
- Free Cash Flow
- 21
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 0
Mar 2020
- 26
- Cash from Investing
- 14
- Cash from Financing
- -40
- -0
- Free Cash Flow
- 26
- OCF / Net Profit
- -0.91
- Cumulative 5-Year FCF
- 52
- OCF / Net Profit
- -0.91
- Cumulative 5-Year FCF
- 52
Mar 2021
- 15
- Cash from Investing
- -0
- Cash from Financing
- -13
- 1
- Free Cash Flow
- 14
- OCF / Net Profit
- -3.23
- Cumulative 5-Year FCF
- 68
- OCF / Net Profit
- -3.23
- Cumulative 5-Year FCF
- 68
Mar 2022
- -2
- Cash from Investing
- 9
- Cash from Financing
- -7
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- -2.20
- Cumulative 5-Year FCF
- 60
- OCF / Net Profit
- -2.20
- Cumulative 5-Year FCF
- 60
Mar 2023
- 18
- Cash from Investing
- -4
- Cash from Financing
- -11
- 3
- Free Cash Flow
- 14
- OCF / Net Profit
- 4.91
- Cumulative 5-Year FCF
- 72
- OCF / Net Profit
- 4.91
- Cumulative 5-Year FCF
- 72
Mar 2024
- 5
- Cash from Investing
- -2
- Cash from Financing
- -7
- -5
- Free Cash Flow
- 3
- OCF / Net Profit
- -11.00
- Cumulative 5-Year FCF
- 55
- OCF / Net Profit
- -11.00
- Cumulative 5-Year FCF
- 55
Mar 2025
- 6
- Cash from Investing
- -2
- Cash from Financing
- -3
- 2
- Free Cash Flow
- 6
- OCF / Net Profit
- 13.27
- Cumulative 5-Year FCF
- 36
- OCF / Net Profit
- 13.27
- Cumulative 5-Year FCF
- 36
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -2.48 | -2.60 | -3.13 | -9.09 | -2.13 | -0.32 | 0.05 | 0.25 | -0.03 | 0.03 |
| Book Value (₹) | -3.39 | -6.00 | -9.06 | -17.62 | -18.31 | -17.60 | -17.60 | -17.57 | -17.62 | -17.60 |
| 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 | -2.13 | -2.57 | -8.63 | -1.70 | -0.12 | 0.24 | 0.43 | 0.15 | 0.17 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -18.73% | -22.36% | -19.58% | -71.90% | -29.88% | 2.05% | 2.60% | 5.63% | -0.20% | -2.59% |
| Net Margin % | -40.32% | -37.52% | -30.86% | -85.86% | -45.39% | -6.96% | 0.52% | 2.20% | -0.31% | 0.40% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | -8.97% | -11.70% | -17.56% | -103.22% | -101.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| -9.04% | -9.83% | -12.00% | -41.50% | -14.04% | -3.19% | 0.53% | 2.19% | -0.26% | 0.29% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 64 | 89 | 83 | 90 | 141 | 45 | 44 | 82 | 127 | 167 |
| Inventory Days | 72 | 64 | 22 | 6 | 19 | 46 | 48 | 54 | 52 | 42 |
| Payable Days | 181 | 223 | 216 | 323 | 878 | 428 | 212 | 257 | 394 | 573 |
| -45 | -71 | -111 | -228 | -719 | -337 | -119 | -121 | -215 | -364 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -6.41x | -3.74x | -2.44x | -1.20x | -1.00x | -0.90x | -0.89x | -0.86x | -0.84x | -0.84x |
| Interest Coverage (x) | -2.29x | -3.59x | -4.80x | -16.55x | -6.14x | -0.51x | 1.37x | 2.14x | 0.85x | 1.10x |
| 0.65x | 0.59x | 0.57x | 0.31x | 0.24x | 0.19x | 0.30x | 0.29x | 0.27x | 0.22x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 12.99% | 14.39% | 49.76% | 8.08% | -55.64% | 5.04% | 125.75% | 12.24% | -12.70% | -16.85% |
| Operating Profit Growth % | 70.06% | -34.42% | -28.10% | -282.99% | 81.57% | 107.22% | 185.49% | 143.41% | -45.12% | 39.54% |
| Net Profit Growth % | 55.13% | -4.77% | -20.32% | -190.21% | 76.55% | 83.89% | 116.78% | 377.36% | -112.15% | 209.23% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -112.16% | 209.23% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 192.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.43x | -0.37x |
| 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 | 62.57x | 42.40x |
Mar 2016
- EPS (₹)
- -2.48
- Book Value (₹)
- -3.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.02
- Operating Margin %
- -18.73%
- Net Margin %
- -40.32%
- ROE %
- 0.00%
- ROCE %
- -8.97%
- -9.04%
- Debtor Days
- 64
- Inventory Days
- 72
- Payable Days
- 181
- -45
- Debt to Equity (x)
- -6.41x
- Interest Coverage (x)
- -2.29x
- 0.65x
- Revenue Growth %
- 12.99%
- Operating Profit Growth %
- 70.06%
- Net Profit Growth %
- 55.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -2.60
- Book Value (₹)
- -6.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.13
- Operating Margin %
- -22.36%
- Net Margin %
- -37.52%
- ROE %
- 0.00%
- ROCE %
- -11.70%
- -9.83%
- Debtor Days
- 89
- Inventory Days
- 64
- Payable Days
- 223
- -71
- Debt to Equity (x)
- -3.74x
- Interest Coverage (x)
- -3.59x
- 0.59x
- Revenue Growth %
- 14.39%
- Operating Profit Growth %
- -34.42%
- Net Profit Growth %
- -4.77%
- 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 (₹)
- -9.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.57
- Operating Margin %
- -19.58%
- Net Margin %
- -30.86%
- ROE %
- 0.00%
- ROCE %
- -17.56%
- -12.00%
- Debtor Days
- 83
- Inventory Days
- 22
- Payable Days
- 216
- -111
- Debt to Equity (x)
- -2.44x
- Interest Coverage (x)
- -4.80x
- 0.57x
- Revenue Growth %
- 49.76%
- Operating Profit Growth %
- -28.10%
- Net Profit Growth %
- -20.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -9.09
- Book Value (₹)
- -17.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8.63
- Operating Margin %
- -71.90%
- Net Margin %
- -85.86%
- ROE %
- 0.00%
- ROCE %
- -103.22%
- -41.50%
- Debtor Days
- 90
- Inventory Days
- 6
- Payable Days
- 323
- -228
- Debt to Equity (x)
- -1.20x
- Interest Coverage (x)
- -16.55x
- 0.31x
- Revenue Growth %
- 8.08%
- Operating Profit Growth %
- -282.99%
- Net Profit Growth %
- -190.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -2.13
- Book Value (₹)
- -18.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.70
- Operating Margin %
- -29.88%
- Net Margin %
- -45.39%
- ROE %
- 0.00%
- ROCE %
- -101.13%
- -14.04%
- Debtor Days
- 141
- Inventory Days
- 19
- Payable Days
- 878
- -719
- Debt to Equity (x)
- -1.00x
- Interest Coverage (x)
- -6.14x
- 0.24x
- Revenue Growth %
- -55.64%
- Operating Profit Growth %
- 81.57%
- Net Profit Growth %
- 76.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.32
- Book Value (₹)
- -17.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.12
- Operating Margin %
- 2.05%
- Net Margin %
- -6.96%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- -3.19%
- Debtor Days
- 45
- Inventory Days
- 46
- Payable Days
- 428
- -337
- Debt to Equity (x)
- -0.90x
- Interest Coverage (x)
- -0.51x
- 0.19x
- Revenue Growth %
- 5.04%
- Operating Profit Growth %
- 107.22%
- Net Profit Growth %
- 83.89%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.05
- Book Value (₹)
- -17.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.24
- Operating Margin %
- 2.60%
- Net Margin %
- 0.52%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 0.53%
- Debtor Days
- 44
- Inventory Days
- 48
- Payable Days
- 212
- -119
- Debt to Equity (x)
- -0.89x
- Interest Coverage (x)
- 1.37x
- 0.30x
- Revenue Growth %
- 125.75%
- Operating Profit Growth %
- 185.49%
- Net Profit Growth %
- 116.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.25
- Book Value (₹)
- -17.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.43
- Operating Margin %
- 5.63%
- Net Margin %
- 2.20%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 2.19%
- Debtor Days
- 82
- Inventory Days
- 54
- Payable Days
- 257
- -121
- Debt to Equity (x)
- -0.86x
- Interest Coverage (x)
- 2.14x
- 0.29x
- Revenue Growth %
- 12.24%
- Operating Profit Growth %
- 143.41%
- Net Profit Growth %
- 377.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.03
- Book Value (₹)
- -17.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.15
- Operating Margin %
- -0.20%
- Net Margin %
- -0.31%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- -0.26%
- Debtor Days
- 127
- Inventory Days
- 52
- Payable Days
- 394
- -215
- Debt to Equity (x)
- -0.84x
- Interest Coverage (x)
- 0.85x
- 0.27x
- Revenue Growth %
- -12.70%
- Operating Profit Growth %
- -45.12%
- Net Profit Growth %
- -112.15%
- -112.16%
- P/E (x)
- 0.00x
- P/B (x)
- -0.43x
- Dividend Yield %
- 0.00%
- 62.57x
Mar 2025
- EPS (₹)
- 0.03
- Book Value (₹)
- -17.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.17
- Operating Margin %
- -2.59%
- Net Margin %
- 0.40%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 0.29%
- Debtor Days
- 167
- Inventory Days
- 42
- Payable Days
- 573
- -364
- Debt to Equity (x)
- -0.84x
- Interest Coverage (x)
- 1.10x
- 0.22x
- Revenue Growth %
- -16.85%
- Operating Profit Growth %
- 39.54%
- Net Profit Growth %
- 209.23%
- 209.23%
- P/E (x)
- 192.95x
- P/B (x)
- -0.37x
- Dividend Yield %
- 0.00%
- 42.40x
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.