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

Zenith Steel Pipes & Industries Limited

(NSE:ZENITHSTL)

Select Model

Rating:44Neutral

Price Target:INR 4.50▼(-7.98% Downside)

Action:reiterated

Date:08/30/26

Low score driven primarily by weak financial performance from revenue declines and negative equity; neutral technical indicators and fair valuation offer limited support.

Positive Factors

Reported EPS GrowthReported EPS growth of 29.6% provides a measurable improvement in earnings per share in the latest fundamental data. The pack cautions that FY2026 net income may include non-operating support, but the increase remains a positive indicator if it can persist.

Negative Factors

Sharp Revenue ContractionThe sharp FY2026 revenue decline, following contraction in earlier years, indicates sustained pressure on demand and/or pricing rather than a single isolated setback. A shrinking top line reduces operating leverage, limits reinvestment capacity, and makes recovery in earnings more difficult.

Zenith Steel Pipes & Industries Limited (ZENITHSTL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 704.29M
Dividend Yield: ―
Average Volume (3M): 20.12K
Price to Earnings (P/E): 17.6
Beta (1Y): 1.37
Revenue Growth: -61.73%
EPS Growth: 29.57%
Country: India
Employees: 166
Sector: General
Sector Strength: 55
Industry: Steel

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 ar...

How the Company Makes Money

null

Zenith Steel Pipes & Industries Limited Financial Statement Overview

Summary

High-risk profile with declining revenues, persistently negative equity near -2.49B, and volatile cash flows, despite modest recent net profits.

Income Statement

35Negative

Balance Sheet

15Very Negative

Cash Flow

40Negative

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price4.89

Price Trends

50DMA5.35Negative

100DMA5.49Negative

200DMA5.63Negative

Market Momentum

MACD-0.11Negative

RSI39.91Neutral

STOCH28.92Neutral

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 4.89 is below the 20-day moving average (MA) of 5.09, below the 50-day MA of 5.35, and below the 200-day MA of 5.63, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 28.92 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ZENITHSTL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:RATNAMANI	71Outperform	INR 162.60B	37.55	―	0.43%	-16.30%	-24.14%
IN:VENUSPIPES	71Outperform	INR 37.32B	35.91	―	0.08%	21.73%	13.47%
IN:APLAPOLLO	70Outperform	INR 600.02B	46.05	―	0.39%	15.83%	24.85%
IN:JINDALSAW	61Neutral	INR 146.03B	26.52	―	0.88%	-0.73%	-60.06%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MANINDS	55Neutral	INR 54.45B	26.52	―	―	10.75%	9.71%
IN:ZENITHSTL	44Neutral	INR 695.75M	17.63	―	―	-61.73%	29.57%

* General Sector Average

Performance Comparison

IN:ZENITHSTL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ZENITHSTL	Zenith Steel Pipes & Industries Limited	4.89	-3.90	-44.37%
IN:APLAPOLLO	APL Apollo Tubes Limited	2161.00	370.34	20.68%
IN:JINDALSAW	Jindal Saw Limited	228.35	55.59	32.18%
IN:MANINDS	Man Industries (India) Limited	725.95	326.55	81.76%
IN:RATNAMANI	Ratnamani Metals & Tubes Ltd.	2319.85	-150.56	-6.09%
IN:VENUSPIPES	Venus Pipes & Tubes Ltd.	1801.45	533.54	42.08%

Zenith Steel Pipes & Industries Limited Corporate Events

Zenith Steel Pipes Reports Voting Results from 64th AGM

Oct 3, 2026

Zenith Steel Pipes & Industries Limited has reported the results of shareholder voting conducted at its 64th Annual General Meeting held on September 30, 2026, at 3:00 P.M. IST via video conferencing and other audio-visual means. The company subm...

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 Annu...

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...

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 &#83...

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.

Date of analysis: Aug 30, 2026

Zenith Steel Pipes & Industries Limited AI Stock Analysis