Zenith Steel

What is the bonus history of the Zenith Steel?

Zenith Steel issued a bonus in the ratio of 1:5 on August 11, 2010, with a record date of August 12, 2010. This is the most recent bonus action recorded for the company.

Zenith Steel has a bonus history that includes a significant bonus issue announced on August 11, 2010. The company issued a bonus in the ratio of 1:5, meaning that for every five shares held, shareholders received one additional share. The record date for this bonus was August 12, 2010. This was the latest bonus action recorded for Zenith Steel. If you have any more questions about the company or its financial activities, feel free to ask!

Has Zenith Steel declared dividend?

Zenith Steel has declared a 6% dividend, amounting to 1.4 per share, with an ex-date of July 7, 2010. However, the dividend yield is 0%, indicating no dividends have been paid in recent periods, despite significant fluctuations in total returns over different time frames.

Zenith Steel has declared a 6% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 6%<BR>- Amount per share: 1.4<BR>- Ex-date: Jul-07-2010<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -21.78%, the dividend return was 0%, resulting in a total return of -21.78%.<BR><BR>Over the 1 year period, the price return was -4.86%, the dividend return was 0%, leading to a total return of -4.86%.<BR><BR>For the 2 years period, the price return was 75.12%, the dividend return was 0%, culminating in a total return of 75.12%.<BR><BR>During the 3 years period, the price return was -39.78%, the dividend return was 0%, resulting in a total return of -39.78%.<BR><BR>In the 4 years period, the price return was 551.85%, the dividend return was 0%, leading to a total return of 551.85%.<BR><BR>Over the 5 years period, the price return was 1500.0%, the dividend return was 0%, culminating in a total return of 1500.0%.<BR><BR>Overall, while Zenith Steel has declared a dividend, the dividend yield is 0%, indicating that there have been no dividends paid in recent periods. The total returns show significant fluctuations, with a remarkable increase over the longer term despite negative returns in shorter periods.

Who are the peers of the Zenith Steel?

Zenith Steel's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Garg Furnace, Remi Edelstahl, Dhatre Udyog, Riddhi Steel, and Swastik Pipe. APL Apollo Tubes shows excellent management and growth, while Welspun Corp has the highest 1-year return at 68.43%, and Dhatre Udyog has the lowest at -53.88%.

Peers: The peers of Zenith Steel are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Garg Furnace, Remi Edelstahl, Dhatre Udyog, Riddhi Steel, and Swastik Pipe.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and Garg Furnace, and Average management risk is noted at Jindal Saw. Below Average management risk is present at Remi Edelstahl, Dhatre Udyog, Riddhi Steel, and Swastik Pipe. Excellent growth is seen at APL Apollo Tubes and Jindal Saw, while Average growth is found at Shyam Metalics, Ratnamani Metals, and Dhatre Udyog, and Below Average growth is noted at Welspun Corp, Garg Furnace, Remi Edelstahl, Jindal Saw, Riddhi Steel, and Swastik Pipe. Excellent capital structure is observed at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is found at Garg Furnace, and Below Average capital structure is noted at Welspun Corp, Jindal Saw, Remi Edelstahl, Dhatre Udyog, Riddhi Steel, and Swastik Pipe.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.43%, while the peer with the lowest is Dhatre Udyog at -53.88%. Zenith Steel's own 1-year return is -9.65%, which is better than Dhatre Udyog but worse than Welspun Corp. Additionally, Garg Furnace, Jindal Saw, Remi Edelstahl, Dhatre Udyog, and Riddhi Steel all have negative six-month returns.

Is Zenith Steel overvalued or undervalued?

As of April 25, 2023, Zenith Steel is considered overvalued and risky, with a PE ratio of 100.17 and negative financial metrics, underperforming the Sensex with a year-to-date return of -10.34%.

As of 25 April 2023, Zenith Steel's valuation grade has moved from does not qualify to risky, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 100.17, an EV to EBITDA of -59.20, and a PEG ratio of 0.48. In comparison to its peers, JSW Steel has a PE ratio of 64.98 and Tata Steel stands at 51.92, both of which suggest that Zenith Steel's valuation is not justified given its financial metrics.<BR><BR>The negative capital employed and negative book value further highlight the company's precarious financial position. While the stock has seen a substantial increase over the past five years, it has underperformed relative to the Sensex in the shorter term, with a year-to-date return of -10.34% compared to the Sensex's 5.61%. This combination of high valuation ratios and poor relative performance reinforces the conclusion that Zenith Steel is currently overvalued.

What is the technical trend for Zenith Steel?

As of May 19, 2025, Zenith Steel's technical trend is mildly bearish, with mixed signals across different time frames, as daily moving averages indicate bearish sentiment while weekly indicators show some bullishness.

As of 19 May 2025, the technical trend for Zenith Steel has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment. The weekly MACD shows a mildly bullish signal, but the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands are bullish on the weekly chart but mildly bearish on the monthly, further contributing to the overall bearish outlook. The KST is mildly bullish weekly but also mildly bearish monthly, while the OBV is mildly bearish on the weekly and shows no trend monthly. Overall, the indicators reflect a weak bearish sentiment with some conflicting signals in the weekly timeframe.

Who are in the management team of Zenith Steel?

As of March 2022, the management team of Zenith Steel includes Minal Umesh Pote (Whole-time Director), Sadhana Patil, Purushottam D Sonavane, Pramod Bhosale, Bhavika Sharma (Independent Directors), Sonal Solanki (Company Secretary & Compliance Officer), and Ganesh Mahendrakar (Independent Director). They oversee the company's operations and governance.

As of March 2022, the management team of Zenith Steel includes the following individuals:<BR><BR>1. Minal Umesh Pote - Whole-time Director<BR>2. Sadhana Patil - Independent Director<BR>3. Purushottam D Sonavane - Director<BR>4. Pramod Bhosale - Director<BR>5. Bhavika Sharma - Independent Director<BR>6. Sonal Solanki - Company Secretary & Compliance Officer<BR>7. Ganesh Mahendrakar - Independent Director<BR><BR>This team is responsible for overseeing the operations and governance of the company.

What does Zenith Steel do?

Zenith Steel Pipes & Industries Ltd is a micro-cap manufacturer of steel pipes in India, incorporated in 1960 and recently reporting net sales of 248 Cr and a net profit of 28 Cr for March 2025. The company has a market cap of INR 112 Cr and operates with a P/E ratio of 120.00.

Overview: <BR>Zenith Steel Pipes & Industries Ltd is a leading manufacturer of steel pipes in India, operating within the Iron & Steel Products industry and categorized as a micro-cap company.<BR><BR>History: <BR>The company was incorporated in 1960 as 'Zenith Limited' and underwent several name changes, becoming 'Zenith Birla (India) Limited' in 2005 and finally 'Zenith Steel Pipes & Industries Limited' in 2020. The latest quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 248 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 28 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 112 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 120.00 <BR>Industry P/E: 34 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.83 <BR>Return on Equity: -0.19% <BR>Price to Book: -0.44 <BR><BR>Contact Details: <BR>Address: 5th Floor Industry House, 159 Churchgate Reclamation Mumbai Maharashtra : 400020 <BR>Tel: 91-022-66168400 <BR>Email: zenith@zenithsteelpipes.com <BR>Website: http://www.zenithsteelpipes.com

Who are the top shareholders of the Zenith Steel?

The top shareholders of Zenith Steel are Birla Bombay Private Limited with 5.74%, and Hitesh Ramji Javeri with 5.47%. Individual investors hold a significant 69.42% of the shares, while there are no reported holdings from mutual funds or foreign institutional investors.

The top shareholders of Zenith Steel include Birla Bombay Private Limited, which holds the highest promoter stake at 5.74%. The highest public shareholder is Hitesh Ramji Javeri, with a holding of 5.47%. Additionally, individual investors collectively own a significant portion of the company, accounting for 69.42% of the shares. There are no holdings reported from mutual funds or foreign institutional investors (FIIs).

How big is Zenith Steel?

As of 24th July, Zenith Steel Pipes & Industries Ltd has a market capitalization of 118.00 Cr, with recent net sales of 119.08 Cr and a net profit of 0.22 Cr over the last four quarters. The company's shareholder's funds are -256.86 Cr, and total assets amount to 181.96 Cr.

As of 24th July, <BR><BR>Market Cap: Zenith Steel Pipes & Industries Ltd has a market capitalization of 118.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 119.08 Cr, while the sum of Net Profit for the same period is 0.22 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds recorded at -256.86 Cr and Total Assets amounting to 181.96 Cr.

How has been the historical performance of Zenith Steel?

Zenith Steel's historical performance shows declining net sales and total operating income, with a recovery in profitability from losses in 2023 to small profits in 2025, despite increasing total liabilities and ongoing challenges. Operating profit remained negative, but cash flow from operations improved.

Answer:<BR>The historical performance of Zenith Steel shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Zenith Steel's net sales have seen a decline from INR 164.92 crore in March 2023 to INR 119.09 crore in March 2025, reflecting a downward trend in revenue. The total operating income followed a similar pattern, decreasing from INR 164.92 crore in March 2023 to INR 119.09 crore in March 2025. The company's total expenditure, excluding depreciation, also decreased from INR 177.40 crore in March 2023 to INR 124.35 crore in March 2025. Despite this reduction in costs, the operating profit (PBDIT) remained negative, with a loss of INR 5.26 crore in March 2025, although it improved from a loss of INR 12.48 crore in March 2023. The profit before tax turned positive at INR 0.48 crore in March 2025, a recovery from a loss of INR 11.34 crore in March 2023. The consolidated net profit showed a similar recovery, moving from a loss of INR 14.38 crore in March 2023 to a profit of INR 0.23 crore in March 2025. However, the company's total liabilities increased to INR 181.96 crore in March 2024 from INR 168.91 crore in March 2023, indicating a growing debt burden. Cash flow from operating activities improved to INR 4 crore in March 2024, up from INR 17 crore in March 2023, but the net cash outflow was recorded at INR 4 crore in March 2024. Overall, while there are signs of recovery in profitability, the company continues to face challenges with declining sales and increasing liabilities.

When is the next results date for Zenith Steel Pipes & Industries Ltd?

The next results date for Zenith Steel Pipes & Industries Ltd is 10 February 2026.

The next results date for Zenith Steel Pipes & Industries Ltd is scheduled for 10 February 2026.

Should I buy, sell or hold Zenith Steel Pipes & Industries Ltd?

Are Zenith Steel Pipes & Industries Ltd latest results good or bad?

Zenith Steel Pipes & Industries Ltd's latest results are largely negative, showing a net profit of ₹1.47 crores mainly due to other income, while core revenue has dropped significantly by 73.66% year-on-year. The company faces severe operational challenges, negative net worth, and underperformance in the market, indicating ongoing financial distress.

Zenith Steel Pipes & Industries Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. While the company reported a net profit of ₹1.47 crores for Q3 FY26, marking a significant increase of 104.17% quarter-on-quarter and a turnaround from a loss of ₹0.20 crores in the same quarter last year, this profitability is largely misleading. It is heavily reliant on other income, which accounted for a staggering 66.17% of total revenues.<BR><BR>In terms of operational performance, the company's core business is struggling significantly. Revenue has plummeted by 73.66% year-on-year and 33.05% quarter-on-quarter, reaching just ₹9.40 crores, which is the lowest in the available data. The operating margin, excluding other income, remains deeply negative at -38.51%, indicating severe operational challenges.<BR><BR>Moreover, the company's balance sheet shows a troubling picture with negative net worth and increasing reliance on borrowed funds. The stock has also underperformed significantly compared to the broader market, reflecting investor concerns about its long-term viability.<BR><BR>In summary, while there are some positive figures on paper, the underlying operational issues and financial distress suggest that the latest results are more indicative of a struggling company rather than a recovery.

Why is Zenith Steel Pipes & Industries Ltd falling/rising?

As of 16-Mar, the stock price of Zenith Steel Pipes & Industries Ltd is at 5.24, reflecting a decline of 0.95% and a total drop of 6.43% over the last three days. The company faces significant financial challenges, including a year-to-date decrease of 29.00%, negative book value, high debt-to-equity ratio, and a reported profit before tax of -4.75 crore, indicating ongoing struggles.

As of 16-Mar, the stock price of Zenith Steel Pipes & Industries Ltd is falling, currently at 5.24, which reflects a decrease of 0.05 or 0.95%. This decline is part of a broader trend, as the stock has experienced consecutive falls over the last three days, totaling a drop of 6.43% during this period. Additionally, the stock is underperforming compared to its sector by 1.45%.<BR><BR>The stock's performance over various time frames indicates significant challenges. For instance, year-to-date, it has decreased by 29.00%, while over the past year, it has fallen by 20.36%. The company's financial health is concerning, highlighted by a negative book value and a weak long-term fundamental strength, as evidenced by a net sales growth rate of -0.42% and an operating profit growth rate of 0% over the last five years. Furthermore, the company has a high debt-to-equity ratio, indicating financial risk.<BR><BR>Recent financial results also paint a bleak picture, with a reported profit before tax of -4.75 crore, marking a staggering decline of 339.81%. The lowest net sales of 9.40 crore and a debtor turnover ratio of just 1.69 times further underscore the company's struggles. Overall, the combination of poor performance metrics, negative EBITDA, and underperformance relative to benchmarks like the BSE500 contributes to the stock's current decline.

Which are the latest news on Zenith Steel?