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Zenith Steel Pipes & Industries LimitedZENITHSTLCorporate

Steel - Medium / Small Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹5.10
MCap ₹73 Cr · P/E 23.3
Zenith Steel Pipes & Industries Limited — Stock analysis & AI research Zenith Steel Pipes & Industries Limited — Seasonality — best & worst months Zenith Steel Pipes & Industries Limited — Technical setup — score, trend, support & resistance Zenith Steel Pipes & Industries Limited — Live exchange announcements
🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹9 Cr
Sales · Mar 2026
-65.6% YoY
₹-4 Cr
Operating Profit · Mar 2026
-77.0% YoY
-42.3%
OPM % · Mar 2026
-415.9% YoY
₹0 Cr
Net Profit · Mar 2026
-86.7% YoY
₹0.03
EPS · Mar 2026
-85.0% YoY

📝 Zenith Steel Pipes & Industries Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Zenith Steel Pipes & Industries Limited reported revenue of ₹9 crore for the quarter ended March 2026 (Q4 FY26), down 65.6% from ₹25 crore in the same quarter last year, and down 2.7% sequentially over the December 2025 quarter.

Net profit fell 86.7% year-on-year to ₹0 crore, from ₹3 crore. Earnings per share (EPS) came in at ₹0.03.

Operating profit stood at ₹-4 crore — an operating margin (OPM) of -42.3%, compared with -8.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Zenith Steel Pipes & Industries Limited posted revenue of ₹50 crore, a decline of 58.0% over FY25, with a net profit of ₹3 crore (up 1318.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹50 crore with a net profit of ₹3 crore.

Valuation snapshot

At the current price of ₹5.10, ZENITHSTL has a market capitalisation of ₹73 crore and a trailing P/E of about 23.3.

Within the Steel - Medium / Small industry, it is the 25th-largest of the 56 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 15.64%, domestic institutional investors (DIIs) 0.02%, public shareholders 84.34% of Zenith Steel Pipes & Industries Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹73 Cr
Current Price ?
₹5.1
P/E ?
23.26above ind
Industry P/E ?
20.50
P/B ?
-0.29
P/S ?
1.45
P/FCF ?
-62.02
Enterprise Value ?
₹288 Cr
EV/EBITDA ?
-16.45
PEG ?
0.28
Earnings Yield ?
-6.7%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹50 Cr
OPM ?
-35.0%
Profit after tax (TTM) ?
₹3 Cr
EPS (TTM) ?
₹0.22
ROCE ?
N/A
ROE ?
-1.3%
ROA ?
2.1%
Growth
Sales — latest qtr ?
₹9 Cr
PAT — latest qtr ?
₹0 Cr
YoY qtr sales growth ?
-65.6%
YoY qtr profit growth ?
-86.7%
Sales growth (3y) ?
-33%
Sales growth (5y) ?
-5%
Profit growth (3y) ?
82%
Profit growth (5y) ?
19%
Financial Health
Debt ?
₹215 Cr
Debt to Equity ?
-0.87
Interest Coverage ?
-7.8
Current Ratio ?
N/A
Ownership
Promoter holding ?
15.64%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
-7.4%
Return 6 months ?
-28.3%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 312428464328303625191499 -65.6% -2.7%
Operating Profit 2-1-111-3-10-2-4-6-4-4 -77.0% +6.7%
Other Income -0000421167765 -14.7% -18.6%
Interest 1111111111111 -3.2% -6.3%
Depreciation 1111100000000 -2.0% -2.0%
Profit Before Tax 0-2-2-14-2-0-031110 -86.7% -69.7%
Net Profit 0-2-2-14-2-0-031110 -86.7% -69.7%
EPS 0.02-0.17-0.12-0.050.29-0.13-0.03-0.010.200.070.040.090.03 -85.0% -66.7%
OPM % 7.0% -4.4% -2.5% 1.2% 2.2% -9.3% -1.9% 0.0% -8.2% -23.5% -40.6% -44.1% -42.3% -415.9% +4.1%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹119 Cr ₹50 Cr ₹50 Cr -58.0%
Operating Profit ₹-5 Cr ₹-18 Cr ₹-18 Cr -233.5%
OPM % -4.41% -35.03% -35.03% -694.3%
NPM % 0.18% 6.24% 6.24% +3366.7%
Other Income ₹10 Cr ₹25 Cr ₹25 Cr +152.7%
Depreciation ₹2 Cr ₹2 Cr ₹2 Cr -1.0%
Interest ₹2 Cr ₹2 Cr ₹2 Cr +0.4%
EBIT ₹-7 Cr ₹-19 Cr ₹-19 Cr -170.0%
PBT ₹0 Cr ₹3 Cr ₹3 Cr +1252.2%
Tax — — — —
Net Profit ₹0 Cr ₹3 Cr ₹3 Cr +1318.2%
EPS ₹0.03 ₹0.23 ₹0.23 +666.7%
Material Cost — — — —
Employee Cost — — — —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 142.28142.28142.28142.28 +0.0%
Reserves -392.32-392.95-392.68-389.57 +0.8%
Borrowings 215.23210.99210.91215.46 +2.2%
Other Liabilities 200.34218.24194.55177.59 -8.7%
Total Liabilities 165.53178.56155.06145.76 -6.0%
Fixed Assets 44.6443.6141.8040.03 -4.2%
CWIP 0.990.821.201.29 +7.5%
Investments 0.020.020.020.02 +0.0%
Other Assets 119.88134.11112.04104.42 -6.8%
Total Assets 165.53178.56155.06145.76 -6.0%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 18.074.836.36-0.94 -114.8%
Cash from Investing Activity -3.24-2.47-1.28-1.19 +7.0%
Cash from Financing Activity -11.09-7.17-2.55-0.04 +98.4%
Net Cash Flow 3.73-4.812.53-2.16 -185.4%
Free Cash Flow 14.393.445.84-1.17 -120.0%
CFO/OP 776%-2,709%-121%5% +104.1%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 97.42142.05162.84359.89 +121.0%
Inventory Days 66.2790.8052.2172.59 +39.0%
Days Payable 281.54389.46574.78948.12 +65.0%
Cash Conversion Cycle -117.85-156.60-359.73-515.65 -43.3%
Working Capital Days -696.74-750.29-907.49-2,020.54 -122.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 15.64%15.64%15.64%15.64%15.64% +0.0%
DIIs 0.02%0.02%0.02%0.02%0.02% +0.0%
Public 84.35%84.34%84.34%84.35%84.34% -0.0%
No. of Shareholders 83,24881,56080,09379,75079,262 -0.6%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 NSLNISP NMDC Steel ₹42.65 12,499 135.8 13,939 84 10.8% 0.6% 60.4% 102.5% 8.8% 94.3%
2 MAHSEAMLES Maharashtra Seamless ₹713.65 9,563 13.0 4,620 737 15.0% 16.0% -12.0% -9.8% -4.7% 15.7%
3 SUNFLAG Sunflag Iron ₹443.60 7,995 38.8 3,995 206 11.9% 5.1% 11.4% 25.0% 5.5% 4.8%
4 AEROFLEX Aeroflex Industries ₹565.00 7,477 109.5 503 67 23.4% 13.4% 17.3% 5.6% 73.1% 168.5%
5 TIIL Technocraft Industries ₹3,180.20 7,210 21.2 2,931 349 18.2% 11.9% 6.3% 11.6% 27.2% 67.3%
6 MANINDS Man Industries ₹865.65 6,493 31.5 3,875 204 13.7% 5.3% 1.7% 11.4% 41.9% 122.4%
7 GOODLUCK Goodluck India ₹526.15 5,247 8.7 4,404 210 10.0% 4.8% 4.2% 10.1% 30.9% 67.4%
8 BANSALWIRE Bansal Wire ₹308.10 4,823 9.0 4,388 531 8.5% 12.1% 18.6% 276.0% 24.4% -47.9%
9 DEEDEV DEE Development ₹634.65 4,775 54.6 1,213 81 16.9% 6.6% 38.1% 78.8% 31.6% 22.4%
10 KSL Kalyani Steels ₹957.20 4,189 15.8 1,867 264 19.7% 14.2% -6.9% 0.6% 4.9% 10.6%
11 VENUSPIPES Venus Pipes ₹1,962.30 4,065 39.1 1,211 104 16.3% 8.6% 21.7% 9.2% 16.1% 5.6%
12 VSSL Vardhman Special ₹398.45 3,852 26.9 1,807 144 10.6% 8.0% -0.5% 31.9% 12.0% 105.9%
13 JTLIND JTL INDUSTRIES ₹87.38 3,435 28.8 2,314 122 8.2% 5.3% 11.5% 4.4% 32.7% 113.7%
14 RATNAVEER Ratnaveer Precision ₹343.70 2,885 42.6 1,119 67 18.2% 6.0% 19.8% 36.2% 18.9% 20.0%
15 INTERARCH Interarch Building ₹1,700.60 2,860 20.7 1,639 139 11.5% 8.5% 7.3% 28.6% 20.6% 0.9%
16 PENIND Pennar Industries ₹187.68 2,533 17.8 3,645 142 12.4% 3.9% 12.2% 15.7% 2.9% 10.7%
17 RAJRATAN Rajratan Global ₹457.40 2,322 29.1 1,228 80 12.3% 6.5% 23.8% 21.2% 28.9% 64.0%
18 PRAKASH Prakash Industries ₹117.24 2,100 6.7 3,474 313 15.0% 9.0% -13.3% -6.2% -0.5% -21.7%
19 MSPL MSP Steel ₹33.33 1,889 49.7 2,958 38 6.2% 1.3% -2.1% 217.0% 16.2% 22.1%
20 MAHASTEEL Mahamaya Steel ₹1,115.00 1,832 183.1 943 10 2.6% 1.1% 10.1% 26.3% 29.3% 22.6%
21 HITECH Hi-Tech Pipes ₹75.00 1,520 20.3 4,821 75 3.8% 1.6% 36.9% 4.2% 78.5% -4.2%
22 MANAKCOAT Manaksia Coated ₹130.80 1,395 32.3 897 41 9.4% 4.5% 13.2% 164.5% 4.9% 0.7%
23 STEELXIND STEEL EXCHANGE ₹10.36 1,321 40.3 1,029 31 13.0% 3.1% -7.4% 2.6% -10.1% 46.9%
24 MWL Mangalam Worldwide ₹42.77 1,270 22.9 1,292 55 9.5% 4.2% 13.9% 72.1% 13.7% 25.6%
25 ZENITHSTL Zenith Steel ₹5.38 77 16.8 54 5 -30.0% 8.5% -54.9% 1963.6% -54.5% -50.0%
❓ Frequently asked questions
What was Zenith Steel Pipes & Industries Limited's revenue in Q4 FY26?
Zenith Steel Pipes & Industries Limited reported revenue of ₹9 crore for the quarter ended March 2026 (Q4 FY26), down 65.6% from ₹25 crore in the same quarter last year, and down 2.7% sequentially over the December 2025 quarter.
What was Zenith Steel Pipes & Industries Limited's net profit in Q4 FY26?
Net profit fell 86.7% year-on-year to ₹0 crore, from ₹3 crore. Earnings per share (EPS) came in at ₹0.03.
What is ZENITHSTL's market capitalisation and P/E ratio?
At the current price of ₹5.10, ZENITHSTL has a market capitalisation of ₹73 crore and a trailing P/E of about 23.3.
Who owns Zenith Steel Pipes & Industries Limited? (shareholding pattern)
As of Jun 2026, promoters held 15.64%, domestic institutional investors (DIIs) 0.02%, public shareholders 84.34% of Zenith Steel Pipes & Industries Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI