Zenith Steel Pipes & Industries Limited (ZENITHSTL) AI Stock Analysis

• Market Cap: ₹1.00B
• Dividend Yield: N/A
• Average Volume (3M): 20.13K
• Price to Earnings (P/E): 32.3
• Beta (1Y): 1.28
• Revenue Growth: -24.55%
• EPS Growth: N/A
• Country: IN
• Employees: 166
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.07
• Shares Outstanding: 142,280,440
• 10 Day Avg. Volume: 23,337
• 30 Day Avg. Volume: 20,133
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹8.00
• Price Target Upside: 13.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: ₹8.00 ▲(13.64% Upside)

Zenith Steel Pipes & Industries Limited's overall stock score is primarily impacted by its financial instability, characterized by high leverage and low profitability. Technical indicators suggest weak market momentum, and the negative P/E ratio highlights valuation concerns. The absence of earnings call data and corporate events leaves these areas unaddressed.

Zenith Steel Pipes & Industries Limited Business Overview & Revenue Model

Company Description

Zenith Steel Pipes & Industries Limited manufactures and sells steel pipes in India. It offers electric resistance welded black, galvanized, and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, bore-well, chilled water systems, green house, electricity conduits, sprinklers, construction water distribution, structural scaffolding and props, industrial general engineering, oil sector distribution of gas, poles, drill rods, firefighting systems, space frames, fences, container making, crude, transmission towers, piling, ash/slurry transportation, transportation of raw and potable water, and transportation of sewage disposal irrigation, as well as auto industry. It also exports its products to 79 countries. The company was formerly known as Zenith Birla (India) Limited and changed its name to Zenith Steel Pipes & Industries Limited in July 2020. Zenith Steel Pipes & Industries Limited was incorporated in 1960 and is based in Mumbai, India.

How the Company Makes Money

Zenith Steel Pipes & Industries Limited generates revenue through the manufacturing and sale of steel pipes and tubes. Its primary revenue streams include the sale of its products to various industries such as construction, infrastructure, energy, and automotive. The company benefits from its extensive distribution network and longstanding relationships with key clients, which help to secure a steady demand for its products. Additionally, Zenith Steel Pipes & Industries Limited may engage in strategic partnerships or collaborations to enhance its market reach and operational efficiency, contributing to its overall earnings.

Zenith Steel Pipes & Industries Limited Financial Statement Overview

Summary

Zenith Steel Pipes & Industries Limited faces significant financial challenges, including declining revenue, low profitability, and high leverage. The negative equity and low margins pose substantial risks, despite some improvement in cash flow.

Income Statement

Zenith Steel Pipes & Industries Limited has experienced declining revenue over recent years, with a significant drop in gross profit margin in the most recent year. The company reported a net profit margin of 0.19% for 2025, a slight improvement from the previous year but still indicative of low profitability. The EBIT and EBITDA margins are negative, indicating operational challenges. Despite some improvement in net income, the company struggles to maintain profitability.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio due to negative stockholders' equity, which poses a significant financial risk. The equity ratio is negative, highlighting the company's reliance on debt financing. This high leverage and negative equity position indicate financial instability and potential solvency issues.

Cash Flow

The cash flow statement shows a positive trend in operating cash flow, which increased in the most recent fiscal year. The free cash flow has also improved, indicating better cash management. However, the free cash flow to net income ratio suggests that cash generation is not yet robust, considering the low net income levels.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.37B	1.19B	1.43B	1.48B	1.50B	557.39M
Gross Profit	696.08M	646.26M	246.96M	12.00K	448.85M	-80.38M
EBITDA	121.13M	49.13M	50.43M	-51.71M	237.83M	91.74M
Net Income	73.32M	2.25M	-6.96M	-143.84M	116.28M	-135.75M
Balance Sheet
Total Assets	0.00	1.59B	1.82B	1.69B	1.92B	1.36B
Cash, Cash Equivalents and Short-Term Investments	18.14M	33.34M	4.31M	58.79M	19.53M	28.73M
Total Debt	0.00	2.15B	2.15B	2.20B	2.05B	2.06B
Total Liabilities	2.59B	4.15B	4.39B	4.25B	4.34B	3.90B
Stockholders Equity	-2.59B	-2.57B	-2.57B	-2.56B	-2.42B	-2.54B
Cash Flow
Free Cash Flow	0.00	67.90M	33.58M	141.90M	-16.84M	158.29M
Operating Cash Flow	0.00	73.14M	47.44M	179.00M	-11.73M	164.42M
Investing Cash Flow	0.00	-26.12M	-24.18M	-42.87M	87.46M	-2.74M
Financing Cash Flow	0.00	-138.00K	-71.15M	-113.38M	-74.58M	-154.52M

Zenith Steel Pipes & Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZENITHSTL, the sentiment is Negative. The current price of 7.04 is below the 20-day moving average (MA) of 7.52, below the 50-day MA of 7.94, and below the 200-day MA of 7.55, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 30.31 is Neutral, neither overbought nor oversold. The STOCH value of 15.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZENITHSTL.

Zenith Steel Pipes & Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANAKSIA	61 Neutral	4.44B	8.24	9.78%	―	40.00%	-23.59%
HISARMETAL	61 Neutral	997.38M	36.49	5.06%	0.55%	0.22%	-50.63%
SALSTEEL	50 Neutral	2.42B	-14.86	-16.60%	―	4.71%	-3228.92%
ZENITHSTL	44 Neutral	₹1.00B	32.32	―	―	-24.55%	―
SHAHALLOYS	44 Neutral	1.32B	-7.01	256.44%	―	-69.90%	27.84%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Zenith Steel Pipes & Industries Limited Corporate Events

Zenith Steel Pipes Discloses Promoter Shareholding Details for FY 2025

Zenith Steel Pipes & Industries Limited has disclosed its shareholding details under Regulation 31(4) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations for the financial year ending March 31, 2025. The company reported that its promoters, led by Arun Kumar Singhi, hold 15.64% of the total shareholding, with a minor portion of shares pledged by Birla International Pvt. Ltd. This disclosure ensures transparency in the company’s ownership structure, potentially impacting investor confidence and market perception.