Zenith Steel Pipes & Industries Limited share price

Zenith Steel Pipes & Industries Limited, together with its subsidiaries, manufactures and sells steel pipes and related products in India and internationally. The company offers electric resistance welded (ERW) black and galvanized pipes; and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, sprinklers, drill rods, bore-wells, construction water distribution, space frames, fences, firefighting and chilled water systems, structural scaffolding and props, greenhouse, industrial general engineering, container making, distribution of gas and crude, transportation of raw and potable water, poles, t…Read more

Website NSE हिंदी में BSE

Basic MaterialsSteelNSE: ZENITHSTLISIN INE318D01020

16 Oct 2026, 3:28 PM IST₹5.10▼ 0.04 (0.78%)

Market Cap₹ 73 Cr.
Current Price₹ 5.10
High / Low₹ 10 / 4
Stock P/E18.2
Book Value₹ -18
Dividend Yield0.00 %
ROCE-3.4 %
ROE-1.70 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 0.28
Price / Book—
OPM11.7 %
Debt / Equity-0.80
Sales growth (5Y)-7.3 %
Profit growth (5Y)—
Promoter holding37.7 %
EV / EBITDA-16.3
Beta0.12
All-time high₹ 66

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
ZENITHSTL	-7.10%	-7.94%	-25.00%	-30.04%	-40.56%	-5.27%	+43.15%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Zenith Steel Pipes & Industries Limited is in the Steel industry (Basic Materials), with a market value of ₹73 crore.
It trades at 18.2 times its last 12 months' earnings.
Revenue grew -7.3% a year over the last 5 years.
Return on equity was -1.7% and return on capital employed -3.4% in the latest year.
Debt was -0.80 times shareholders' equity.
The share price is 50.6% below its 52-week high and down 40.6% over one year.
Promoters and insiders hold about 37.7%; institutions about 0.0%.

Pros

Company is almost debt-free (debt is -0.80 times equity).

Cons

Return on equity has been low: -0.5% on average over the last 3 years.
Interest cover is thin: operating earnings are 2.1 times the interest cost.
Sales growth has been slow: -7.3% a year over the last 5 years.
Latest quarter (Jun 2026): profit fell 54% from a year ago.
Other income makes up 464% of profit before tax.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Zenith Steel Pipes & Industries Limited

Employees: 111
Head office: Mumbai

Basic MaterialsSteel

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Zenith Steel Pipes & Industries	5.10	18.2	73	0.00	0	-54.18	7	-62.06	-3.4	-1.7	-0.29	11.7	-0.80	37.66	53	-7.3
2.	JSW Steel	1,216.30	12.1	2,96,896	0.59	4,651	209.45	46,662	5.23	18.7	24.9	2.97	12.8	1.19	63.60	1,82,037	3.6
3.	Tata Steel	175.50	19.8	2,18,924	2.27	2,318	11.58	60,412	14.54	11.3	11.2	2.14	9.7	0.90	35.40	2,30,293	-1.6
4.	Jindal Steel	1,045.20	39.1	1,06,348	0.19	845	—	15,553	16.99	7.5	6.9	2.09	13.8	0.44	63.86	43,561	-13.1
5.	Lloyds Metals and Energy	1,851.70	21.3	1,04,208	0.06	1,727	164.87	7,289	206.63	19.4	36.2	7.51	33.8	1.49	77.69	16,822	71.4
6.	Steel Authority of India	170.95	16.5	70,611	1.38	1,644	31.42	26,246	-10.47	7.2	5.7	1.17	6.1	0.53	65.10	1,09,987	2.0
7.	Welspun Corp	2,571.50	29.4	67,811	0.20	1,046	49.86	4,081	3.98	19.5	19.4	7.41	12.3	0.26	49.85	16,209	19.5
8.	NMDC	71.69	8.4	63,029	2.82	1,976	0.44	6,795	0.84	28.4	23.4	1.85	27.4	0.19	60.80	32,071	22.0
9.	Jindal Stainless	736.55	18.7	60,688	0.55	769	7.73	11,279	10.50	17.8	17.5	3.07	10.4	0.38	64.66	42,839	6.4
10.	APL Apollo Tubes	2,152.70	48.1	59,772	0.40	263	-10.24	5,438	2.14	28.0	25.3	11.29	7.1	0.09	36.91	22,385	12.6
	Median: 29 Co.	890.88	24.8	14,704	0.29	1,345	11.58	9,284	4.61	18.3	11.2	2.58	11.7	0.41	62.20	37,455	4.3

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46	43	29	30	36	25	19	14	9	11	7
YOY Sales Growth %					-22.14%	-42.35%	-33.63%	-53.31%	-73.65%	-54.51%	-62.06%
	45	36	31	31	36	27	23	19	13	14	7
Material Cost %	64%	49%	46%	40%	54%	40%	57%	63%	67%	36%	24%
Employee Cost %	4%	3%	5%	4%	4%	5%	6%	9%	12%	13%	16%
Other Expenses %	31%	32%	59%	57%	42%	64%	60%	67%	59%	73%	62%
Operating Profit	1	7	-3	-1	0	-2	-4	-5	-4	-3	-0
OPM %	1%	16%	-9%	-2%	0%	-8%	-24%	-39%	-38%	-23%	-2%
	0	5	2	1	1	6	7	7	6	4	2
Exceptional items										1
Interest	1	1	1	1	1	1	1	1	1	1	1
Depreciation	1	1	0	0	0	0	0	0	0	0	0
Profit before tax	-1	10	-2	-0	-0	3	1	1	1	1	0
	-1	10	-2	-0	-0	3	1	1	1	1	0
YOY Profit Growth %						-71.88%				-49.95%	-54.18%
EPS in Rs	-0.04	0.69	-0.13	-0.03	-0.01	0.20	0.07	0.05	0.10	0.10	0.03
Raw filing

₹ Cr	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46	43	29	30	36	25	19	14	9	9	7
YOY Sales Growth %					-22.14%	-42.35%	-33.63%	-54.24%	-75.44%	-65.66%	-62.64%
	45	42	31	31	36	27	23	19	13	12	7
Material Cost %	64%	49%	46%	40%	54%	40%	57%	63%	72%	48%	24%
Employee Cost %	4%	3%	5%	4%	4%	5%	6%	9%	13%	18%	16%
Other Expenses %	31%	45%	59%	57%	42%	64%	60%	68%	59%	77%	63%
Operating Profit	1	1	-3	-1	0	-2	-4	-6	-4	-4	-0
OPM %	1%	2%	-9%	-2%	0%	-8%	-24%	-41%	-44%	-42%	-3%
	0	5	2	1	1	6	7	7	6	4	2
Exceptional items										1
Interest	1	1	1	1	1	1	1	1	1	1	1
Depreciation	1	1	0	0	0	0	0	0	0	0	0
Profit before tax	-1	4	-2	-0	-0	3	1	1	1	0	0
	-1	4	-2	-0	-0	3	1	1	1	0	0
YOY Profit Growth %						-32.49%				-86.80%	-65.37%
EPS in Rs	-0.05	0.29	-0.13	-0.03	-0.01	0.20	0.07	0.04	0.09	0.03	0.02
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	170	170	184	101	78	163	165	143	119	53	42
YOY Sales Growth %			8.24%	-44.79%	-23.19%	109.47%	1.11%	-13.16%	-16.84%	-55.18%
	210	210	400	130	79	149	177	143	124	70	54
Material Cost %	86%	86%	65%	60%	61%	58%	74%	56%	46%	56%	50%
Employee Cost %	4%	4%	5%	10%	10%	5%	5%	4%	4%	10%	12%
Other Expenses %	33%	33%	149%	59%	31%	28%	28%	40%	54%	65%	66%
Operating Profit	-41	-41	-216	-29	-2	14	-12	-0	-5	-16	-12
OPM %	-24%	-24%	-118%	-28%	-2%	9%	-8%	0%	-4%	-30%	-28%
	17	17	14	14	11	2	7	5	10	24	19
Exceptional items	-1	-1	-7			8				1	1
Interest	8	8	7	5	3	7	3	3	2	2	2
Depreciation	7	7	6	9	3	3	2	3	2	2	2
Profit before tax	-40	-40	-222	-28	3	14	-11	-0	0	4	4
						12%
Current tax						2
	-40	-40	-222	-28	-14	12	-14	-1	0	4	4
YOY Profit Growth %							-223.70%			1,847.13%
EPS in Rs	-3.02	-3.02	-16.92	-2.16	-0.95	0.83	-1.01	-0.05	0.02	0.31	0.28

Compounded Sales Growth

5 Years:: -7%
3 Years:: -31%
TTM:: -62%

Compounded Profit Growth

TTM:: 30%

Stock Price CAGR

5 Years:: 43%
3 Years:: -5%
1 Year:: -41%

Return on Equity

4 Years:: 1%
Last Year:: -2%

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	129	129	62	65	146	164	143	119	50	38
YOY Sales Growth %			-52.05%	5.05%	125.74%	12.24%	-12.70%	-16.84%	-58.04%
	171	171	84	69	143	162	143	124	67	51
Material Cost %	87%	87%	46%	57%	63%	70%	56%	46%	60%	55%
Employee Cost %	6%	6%	13%	10%	5%	5%	4%	4%	10%	13%
Other Expenses %	40%	40%	77%	40%	31%	23%	40%	54%	65%	67%
Operating Profit	-43	-43	-23	-4	3	2	-0	-5	-18	-13
OPM %	-33%	-33%	-37%	-6%	2%	1%	0%	-4%	-35%	-35%
	17	17	8	5	1	7	5	10	24	19
Exceptional items	-1	-1			8				1	1
Interest	7	7	4	3	7	3	3	2	2	2
Depreciation	7	7	9	3	3	2	3	2	2	2
Profit before tax	-41	-41	-28	-5	2	3	-0	0	3	3
					69%
Current tax					2
	-41	-41	-28	-21	-0	0	-1	0	3	2
YOY Profit Growth %							-301.86%		1,282.01%
EPS in Rs	-3.13	-3.13	-2.13	-1.47	0.00	-0.19	-0.05	0.02	0.22	0.18

Compounded Sales Growth

5 Years:: -5%
3 Years:: -33%
TTM:: -65%

Compounded Profit Growth

3 Years:: 111%
TTM:: -20%

Stock Price CAGR

5 Years:: 43%
3 Years:: -5%
1 Year:: -41%

Return on Equity

4 Years:: 1%
Last Year:: -2%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	142	142	142	142
Reserves	-398	-399	-399	-391
	198	194	194	199
Long term borrowings	7	22	22	37
Short term borrowings	190	171	171	161
	227	245	222	204
Trade payables	93	89	90	78
Current liabilities	407	406	382	356
Total Liabilities	169	182	159	154
	46	44	43	41
Gross block	153	154	155	155
Accumulated depreciation	107	110	112	114
Goodwill & intangibles	0	0	0	0
CWIP	1	1	1	1
	122	137	114	111
Inventories	21	20	8	6
Trade receivables	47	59	57	57
Cash & equivalents	5	0	3	1
Current assets	98	110	88	84
Total Assets	169	182	159	154

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	18	5	4	-1
Profit for the year	-14	-1	0	4
Working capital changes	25	-1	2	-11
Direct taxes paid	1	1	-0	0
	-4	-2	-2	-1
Fixed assets purchased	-4	-1	-1	-0
Fixed assets sold	0
	-11	-7	-0	0
Proceeds from borrowings			0	1
Repayment of borrowings	-8	-4	0
Interest paid	-3	-3	-0	-0
Net Cash Flow	2	-5	2	-2
Free Cash Flow	14	3	3	-1

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	5.6%	0.3%	-0.1%	-1.7%
ROCE	—	3.2%	-1.1%	-2.3%	-3.4%
Operating margin	—	-9.2%	1.5%	2.5%	11.7%
Net margin	—	-9.7%	-0.5%	0.2%	8.6%
Debt / equity	—	-0.77	-0.75	-0.75	-0.80
Current ratio	—	0.24	0.27	0.23	0.24
Debtor days	—	116	155	176	409
Inventory days	—	56	61	29	48
Days payable	—	248	275	337	634
Cash conversion cycle	—	-76	-59	-132	-177
Working capital days	—	-763	-774	-917	-1,948

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 15.64%
DIIs 0.02%
Public 84.34%

%	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%
	0.19%	0.12%	0.08%	0.08%	0.08%	0.08%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Insurance companies	0.18%	0.10%	0.06%	0.06%	0.06%	0.06%
Banks	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	84.16%	84.24%	84.28%	84.28%	84.28%	84.28%	84.34%	84.34%	84.34%	84.34%	84.34%	84.34%
Retail (up to ₹2 lakh)	27.94%	25.93%	26.24%	26.62%	26.55%	26.39%	26.53%	26.22%	25.81%	25.22%	25.80%	25.57%
HNIs (above ₹2 lakh)	41.86%	43.12%	43.66%	43.22%	43.31%	43.18%	42.89%	43.11%	43.60%	43.89%	46.05%	46.27%
NRIs	0.91%	0.82%	0.83%	0.79%	0.97%	1.08%	1.17%	1.20%	1.20%	1.17%	1.20%	1.23%
Bodies corporate	11.07%	11.65%	10.74%	11.03%	10.93%	10.98%	11.01%	11.03%	10.85%	10.97%	8.13%	8.10%
IEPF	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%	0.48%
No. of 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

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

None filed recently.

Concalls & investor meets

UpdatesZenith Birla (India) Limited has informed the Exchange regarding 'Representation submitted to NSE Ltd (NSE) regarding restricted trading on account of GSM '.17-Aug-2017

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 7 Jul 2010
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

Zenith Steel Pipes ZENITHSTL Trading Window ClosedKalkine India · 29 Sep 2026

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Zenith Steel Pipes & Industries Limited

What is the share price of Zenith Steel Pipes & Industries Limited today?

Zenith Steel Pipes & Industries Limited (ZENITHSTL) last traded at ₹5.10 on NSE (16 Oct 2026, 3:28 PM IST). Prices may be delayed.

What is the market cap of Zenith Steel Pipes & Industries Limited?

About ₹73 crore at the latest price.

What is the P/E ratio of Zenith Steel Pipes & Industries Limited?

About 18.2 times its earnings over the last 12 months.

Is Zenith Steel Pipes & Industries Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Zenith Steel Pipes & Industries Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Zenith Steel Pipes & Industries Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Zenith Steel Pipes & Industries Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Zenith Steel Pipes & Industries Limited

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