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Zenith Steel Pipes & Industries Limited
(ZENITHSTL)
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Rating:45Neutral
Price Target:
₹6.00
▼(-17.13% Downside)
Action:Reiterated
Date:08/30/26
The score is primarily held down by weak financial performance—contracting revenue, unstable operating profitability, and a highly stressed balance sheet with negative equity. Technicals add slight downside bias due to trading below key longer-term moving averages and a negative MACD. Valuation is only average (P/E ~19) and is not supported by a dividend yield.
Positive Factors
Recent EPS Growth
Positive EPS growth indicates that reported earnings improved over the measured period, providing some evidence of near-term earnings progress. However, its durability depends on whether profits become supported by stronger operating performance rather than non-operating items.
Negative Factors
Sharp Revenue Contraction
Repeated revenue contraction signals weakening demand, pricing pressure, or both, and reduces the scale available to absorb fixed costs. Continued top-line weakness would make recovery harder, constrain reinvestment, and increase dependence on volatile non-operating earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent EPS Growth
Positive EPS growth indicates that reported earnings improved over the measured period, providing some evidence of near-term earnings progress. However, its durability depends on whether profits become supported by stronger operating performance rather than non-operating items.
Read all positive factors
Zenith Steel Pipes & Industries Limited (ZENITHSTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹842.30M
Dividend Yield5.58%
Average Volume (3M)24.50K
Price to Earnings (P/E)20.8
Beta (1Y)1.42
Revenue Growth-61.73%
EPS Growth29.57%
CountryIN
Employees166
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.28
Shares Outstanding142,280,440
10 Day Avg. Volume39,585
30 Day Avg. Volume24,496
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.26
Price to Sales (P/S)1.23
P/FCF Ratio-51.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zenith Steel Pipes & Industries Limited Business Overview & Revenue Model
Company Description
Zenith Steel Pipes & Industries Limited, an Indian enterprise, specializes in the production and distribution of steel pipes. Their product portfolio encompasses electric resistance welded (ERW) black pipes, galvanized pipes, and helical submerged...
How the Company Makes Money
null...
Zenith Steel Pipes & Industries Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
12
Very Negative
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 419.13M | 533.76M | 1.19B | 1.43B | 1.48B | 1.50B |
| Gross Profit | 174.04M | 164.32M | 646.26M | 246.96M | 12.00K | 448.85M |
| EBITDA | 68.05M | -162.48M | 49.13M | 50.43M | -52.05M | 237.83M |
| Net Income | 40.15M | 43.83M | 2.25M | -6.96M | -143.84M | 116.28M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.54B | 1.59B | 1.82B | 1.69B | 1.92B |
| Cash, Cash Equivalents and Short-Term Investments | 15.25M | 15.25M | 33.34M | 4.31M | 58.79M | 19.53M |
| Total Debt | 0.00 | 2.20B | 2.15B | 2.15B | 2.20B | 2.05B |
| Total Liabilities | 2.49B | 4.03B | 4.15B | 4.39B | 4.25B | 4.34B |
| Stockholders Equity | -2.49B | -2.49B | -2.57B | -2.57B | -2.56B | -2.42B |
Cash Flow | ||||||
| Free Cash Flow | -43.38M | -12.74M | 67.90M | 33.58M | 141.90M | -16.11M |
| Operating Cash Flow | -41.63M | -10.40M | 62.48M | 47.44M | 179.00M | -11.73M |
| Investing Cash Flow | -3.61M | -12.77M | -15.61M | -24.18M | -42.87M | 87.46M |
| Financing Cash Flow | -11.16M | 5.09M | -24.44M | -71.15M | -113.38M | -74.58M |
Zenith Steel Pipes & Industries Limited Technical Analysis
Positive
7.24
Price Trends
5.57
Positive
5.80
Positive
5.99
Negative
Market Momentum
0.12
Negative
58.52
Neutral
64.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENITHSTL, the sentiment is Positive. The current price of 7.24 is above the 20-day moving average (MA) of 5.59, above the 50-day MA of 5.57, and above the 200-day MA of 5.99, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.52 is Neutral, neither overbought nor oversold. The STOCH value of 64.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ZENITHSTL.
Zenith Steel Pipes & Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹597.80B | 48.66 | ― | 0.40% | 9.64% | 53.35% | |
68 Neutral | ₹199.43B | 30.46 | ― | 0.64% | -8.57% | -62.05% | |
65 Neutral | ₹65.03B | 31.66 | ― | 1.37% | 10.75% | 9.71% | |
65 Neutral | ₹196.83B | 45.52 | ― | 0.36% | -16.30% | -24.14% | |
63 Neutral | ₹41.84B | 40.22 | ― | 0.07% | 21.73% | 13.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹842.30M | 20.83 | ― | 5.58% | -61.73% | 29.57% |
* General Sector Average
IN:ZENITHSTL
Zenith Steel Pipes & Industries Limited
5.92
-1.76
-22.92%
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Zenith Steel Pipes & Industries Limited Corporate Events
Zenith Steel Pipes Sets Virtual AGM for September 30, 2026
Sep 7, 2026
Zenith Steel Pipes Industries Limited has scheduled its 64th Annual General Meeting for September 30, 2026 at 3:00 p.m., to be conducted via video conferencing and other audio-visual means. The company has circulated the AGM notice and its Annual...
Zenith Steel Pipes refreshes independent director bench with board changes
Aug 24, 2026
Zenith Steel Pipes Industries Limited has announced changes to its board, marking the completion of Independent Director Ms. Bhavika Sharma’s tenure on 24 August 2026. Sharma has stepped down as director and from all board committees, as th...
Zenith Steel Pipes Posts Modest Q1 FY27 Profit Amid Ongoing Turnaround Efforts
Aug 13, 2026
Zenith Steel Pipes Industries Limited has reported its unaudited standalone financial results for the quarter ended 30 June 2026, showing total income of ₹873.08 million and a profit of ₹33.12 million, compared with a profit of ₹...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.