Zenith Steel

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

As of 07-Aug, Zenith Steel Pipes & Industries Ltd is facing a significant decline in its stock price, currently at 5.37, down -4.28%. The stock has underperformed against the benchmark Sensex and shows concerning financial health, with a year-to-date drop of -27.24% and negative indicators in sales and profit growth.

As of 07-Aug, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 5.37, which reflects a change of -0.24 or -4.28%. This downward movement is supported by several factors. Over the past week, the stock has underperformed significantly, with a decline of -2.89%, while the benchmark Sensex has increased by +0.52%. This trend continues over the past month, where both the stock and the Sensex show similar declines, with the stock down -2.89% compared to the Sensex's +0.41%.<BR><BR>Year-to-date, the stock has seen a substantial drop of -27.24%, contrasting sharply with the Sensex's decline of only -7.89%. Over the past year, the stock has plummeted by -32.88%, while the Sensex has only decreased by -2.63%. Such performance indicates a consistent underperformance relative to the broader market.<BR><BR>Today's trading performance further highlights the stock's struggles, as it has underperformed its sector by -5.22%. The stock is also trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -50.29% compared to the 5-day average.<BR><BR>The company's financial health is concerning, with a negative book value of Rs 248.93 crore and poor long-term growth indicators, such as a -7.19% annual rate of net sales growth and an operating profit growth rate of 0% over the last five years. Recent financial results have shown a drastic decline in net sales and profit after tax, with net sales falling by -54.51% and PAT decreasing by -96.3%. Furthermore, the company has recorded a negative EBITDA of Rs -16.09 crore, which adds to the risk associated with the stock.<BR><BR>Overall, the combination of poor financial performance, declining investor interest, and consistent underperformance against market benchmarks contributes to the falling stock price of Zenith Steel Pipes & Industries Ltd.

Which are the latest news on Zenith Steel?

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

The next results date for Zenith Steel Pipes & Industries Ltd is 13 August 2026.

The next results date for Zenith Steel Pipes & Industries Ltd is scheduled for 13 August 2026.

How big is Zenith Steel?

As of 10th June, Zenith Steel Pipes & Industries Ltd has a market capitalization of 89.00 Cr, with recent net sales of 53.65 Cr and a net profit of 4.54 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Zenith Steel Pipes & Industries Ltd has a market capitalization of 89.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 53.65 Cr, while the sum of Net Profit for the same period is 4.54 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are recorded at a loss of 256.75 Cr, and Total Assets amount to 158.55 Cr.

Who are in the management team of Zenith Steel?

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

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 company's operations and strategic direction.

Who are the peers of the Zenith Steel?

Zenith Steel's peers include Maiden Forgings, Sarthak Metals, Sharda Ispat, Garg Furnace, Prakash Steelage, Hisar Met.Inds., Excellent Wires, Pattech Fitwell, and Mangalam Alloys, with varying management risks and growth rates. Maiden Forgings has the highest 1-year return at 5.54%, while Sarthak Metals has the lowest at -45.06%, and Zenith Steel's return is -17.16%.

Peers: The peers of Zenith Steel are Maiden Forgings, Sarthak Metals, Sharda Ispat, Garg Furnace, Prakash Steelage, Hisar Met.Inds., Excellent Wires, Pattech Fitwell, and Mangalam Alloys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Sarthak Metals and Garg Furnace, while Good management risk is found at Prakash Steelage and Hisar Met.Inds. Average management risk is noted at Sharda Ispat and Mangalam Alloys, and Below Average management risk is present at Maiden Forgings and Excellent Wires. Growth is Excellent at Pattech Fitwell, Good at Garg Furnace and Excellent Wires, Average at Sharda Ispat and Mangalam Alloys, and Below Average at Sarthak Metals, Prakash Steelage, and Hisar Met.Inds. Capital Structure is Excellent at Sarthak Metals, Good at Garg Furnace and Excellent Wires, Average at Sharda Ispat and Mangalam Alloys, and Below Average at Maiden Forgings, Prakash Steelage, and Hisar Met.Inds.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Maiden Forgings at 5.54%, while Sarthak Metals has the lowest at -45.06%. Zenith Steel's 1-year return is -17.16%, which is significantly lower than Maiden Forgings but higher than Sarthak Metals. Additionally, several peers, including Sarthak Metals, Sharda Ispat, Garg Furnace, Prakash Steelage, Hisar Met.Inds., and Mangalam Alloys, have negative six-month returns.

What does Zenith Steel do?

Zenith Steel Pipes & Industries Ltd is a micro-cap company specializing in the manufacturing of ERW and Hot Dip Galvanized Steel Pipes, with a market cap of INR 89 Cr and a net profit of 1 Cr for the quarter ending March 2026. The company was incorporated in 1960 and has undergone several name changes, with its latest name adopted in 2020.

Overview:<BR>Zenith Steel Pipes & Industries Ltd is a micro-cap company operating in the Iron & Steel Products industry, specializing in the manufacturing of ERW and Hot Dip Galvanized Steel Pipes.<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 reported financial results are for the quarter ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 11 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 89 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 24.00 <BR>Industry P/E: 26 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.88 <BR>Return on Equity: -1.33% <BR>Price to Book: -0.34 <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

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 concerning, showing a 50% decline in net profit and a 54.51% drop in revenue for Q4 FY26. The company faces negative operating margins and shareholder equity, indicating significant financial distress and potential insolvency.

Zenith Steel Pipes & Industries Ltd's latest results indicate a troubling financial situation. For the fourth quarter of FY26, the company reported a net profit of ₹1.39 crore, which represents a significant decline of 50% year-on-year. Revenue also fell sharply by 54.51%, down to ₹11.29 crore from ₹24.82 crore in the same quarter last year. This decline reflects a continued downward trend in revenue throughout FY26, suggesting a structural crisis rather than a temporary setback.<BR><BR>Moreover, the operating margin, excluding other income, was deeply negative at -22.94%, indicating that the core operations are not generating profit. The company is heavily reliant on non-operating income, which constituted a staggering 2,700% of profit before tax, highlighting a precarious financial position.<BR><BR>The balance sheet reveals negative shareholder equity of ₹256.75 crores, with a book value per share of -₹18.05, indicating technical insolvency. This situation raises significant concerns about the company's viability moving forward.<BR><BR>Overall, the results are decidedly negative, and the company's financial health appears to be in distress, warranting caution for investors.

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.

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).

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.

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.