ZENITH STEEL PIP IND LTD (ZENITHSTL) financials

ZENITH STEEL PIP IND LTD (ZENITHSTL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes[1]

Market Cap: ₹72.6Cr.
Current Price: ₹5.10
Stock P/E: 58.0
ROE: %
ROCE: 31.4%
Book Value: ₹-17.4
Dividend Yield: 0.00%
52W High / Low: ₹10.3/4.39

In Jun 2026, ZENITH STEEL PIP IND LTD (ZENITHSTL) reported sales ₹7.07 Cr and net profit ₹0.33 Cr.

Annual TTM: sales ₹38.13 Cr, net profit ₹2.49 Cr.

Shareholding: Promoters 15.64% (Jun 2026), DIIs 0.02% (Jun 2026), Public 84.34% (Jun 2026), No. of Shareholders 79,262% (Jun 2026).

ZENITHSTL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	30.07	35.69	24.82	18.92	13.76	8.77	8.53	7.07
Expenses	30.64	35.68	26.86	23.37	19.34	12.64	12.14	7.29
Operating Profit	-0.57	0.01	-2.04	-4.45	-5.58	-3.87	-3.61	-0.22
OPM %	-1.90%	0.03%	-8.22%	-23.52%	-40.55%	-44.13%	-42.32%	-3.11%
Other Income	1.24	0.91	5.93	6.51	7.25	6.22	5.06	1.64
Interest	0.62	0.63	0.62	0.62	0.63	0.64	0.60	0.61
Depreciation	0.49	0.49	0.49	0.49	0.47	0.49	0.48	0.48
Profit before tax	-0.44	-0.20	2.78	0.95	0.57	1.22	0.37	0.33
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.44	-0.20	2.78	0.96	0.57	1.22	0.37	0.33
EPS in Rs	-0.03	-0.01	0.20	0.07	0.04	0.09	0.03	0.02
Raw PDF	—	—	—	—	—	—	—	—

ZENITHSTL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	61.64	64.75	146.17	164.06	143.22	119.09	49.97	38.13
Expenses	86.40	68.88	142.80	161.90	143.45	122.18	67.49	51.41
Operating Profit	-24.76	-4.13	3.37	2.16	-0.23	-3.09	-17.52	-13.28
OPM %	-40.17%	-6.38%	2.31%	1.32%	-0.16%	-2.59%	-35.06%	-34.83%
Other Income	6.35	-10.97	7.43	3.80	5.06	9.91	25.03	20.17
Interest	3.92	3.00	6.58	3.18	2.92	4.64	2.48	2.48
Depreciation	5.65	2.84	2.67	2.45	2.58	1.95	1.92	1.92
Profit before tax	-27.98	-20.94	1.55	0.33	-0.67	0.23	3.11	2.49
Tax %	0.00%	0.00%	106.45%	0.00%	0.00%	0.00%	0.00%	—
Net Profit	-27.98	-20.94	-0.09	0.33	-0.67	0.23	3.11	2.49
EPS in Rs	-2.13	-1.47	-0.01	0.02	-0.05	0.02	0.22	0.18
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

ZENITHSTL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	131.28	131.28	142.28	142.28	142.28	142.28	142.28	142.28
Reserves	-362.59	-371.70	-392.73	-392.75	-392.32	-392.95	-392.68	-389.57
Borrowings	277.70	241.61	224.27	223.66	215.23	210.99	261.46	263.91
Other Liabilities	188.20	162.90	145.06	191.07	200.34	218.24	144.00	129.14
Total Liabilities	234.59	164.09	118.88	164.26	165.53	178.56	155.06	145.76
Fixed Assets	74.55	65.87	48.03	44.38	44.64	43.61	41.80	40.03
CWIP	14.44	0.00	0.00	0.00	0.99	0.82	1.20	1.29
Investments	2.61	2.61	0.02	0.02	0.02	0.02	0.02	0.02
Other Assets	142.99	95.61	70.83	119.86	119.88	134.11	112.04	104.42
Total Assets	234.59	164.09	118.88	164.26	165.53	178.56	155.06	145.76

ZENITHSTL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	20.73	25.54	14.54	-1.66	18.07	4.83	4.05	-0.94
Cash from Investing Activity	-0.13	14.06	-0.65	7.71	-3.24	-2.47	-1.56	-1.19
Cash from Financing Activity	-20.47	-40.15	-13.33	-7.19	-11.09	-7.17	-0.25	-0.04
Net Cash Flow	0.13	-0.55	0.56	-1.14	3.73	-4.81	2.24	-2.16
Free Cash Flow	20.37	39.76	13.93	7.18	14.39	3.44	3.53	-1.17
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-19%	-103%	-352%	94%	776%	-2,709%	-131%	5%

ZENITHSTL shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%	15.64%
DIIs	0.08%	0.08%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	84.29%	84.29%	84.34%	84.35%	84.34%	84.34%	84.35%	84.34%
No. of Shareholders	81,952	82,184	82,762	83,248	81,560	80,093	79,750	79,262

ZENITHSTL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	98.06	61.29	32.24	74.41	97.42	142.05	162.84	359.89
Inventory Days	4.01	68.78	106.87	111.80	66.27	90.80	52.21	72.61
Days Payable	335.58	713.41	306.47	300.45	281.54	389.46	574.78	948.44
Cash Conversion Cycle	-233.51	-583.34	-167.36	-114.24	-117.85	-156.60	-359.73	-515.94
Working Capital Days	-809.09	-1,746.01	-1,633.45	-704.23	-696.74	-750.29	-907.49	-2,020.17
ROCE %	-97.17%	-101.13%	—	—	—	—	—	31.43%

ZENITHSTLUpdated 19 Oct 2026, 5:11

Zenith Steel Pip Ind Ltd

ZENITHSTLUpdated 19 Oct 2026, 5:11

Market Cap

₹72.6Cr.

Current Price

₹5.10

High / Low

₹10.3/4.39

Stock P/E

58.0

ROE%

ROCE31.4%

Book Value₹-17.4

Face Value₹10.0

Dividend Yield0.00%

About

Incorporated 1960, Zenith Steel Pipes & Industries Ltd does manufacturing and selling of ERW And SAW Pipes[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Net Profit	EPS (₹)
Jun 2023	24.39	0.72	25.47	0.11	0.67	-2.36	-2.36	-0.17
Sep 2023	27.74	0.73	28.42	0.39	0.67	-1.69	-1.69	-0.12
Dec 2023	45.84	0.74	45.29	0.12	0.67	-0.74	-0.74	-0.05
Mar 2024	43.06	0.73	42.1	4.46	0.57	4.12	4.12	0.29
Jun 2024	28.5	0.61	31.15	1.83	0.48	-1.91	-1.92	-0.13
Sep 2024	30.07	0.62	30.64	1.24	0.49	-0.44	-0.44	-0.03
Dec 2024	35.69	0.63	35.68	0.91	0.49	-0.2	-0.2	-0.01
Mar 2025	24.82	0.62	26.86	5.93	0.49	2.78	2.78	0.2
Jun 2025	18.92	0.62	23.37	6.51	0.49	0.95	0.96	0.07
Sep 2025	13.76	0.63	19.34	7.25	0.47	0.57	0.57	0.04
Dec 2025	8.77	0.64	12.64	6.22	0.49	1.22	1.22	0.09
Mar 2026	8.53	0.6	12.14	5.06	0.48	0.37	0.37	0.03
Jun 2026	7.07	0.61	7.29	1.64	0.48	0.33	0.33	0.02

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	66.42	9.2	125.47	1.87	6.29	-72.67	0	-72.67	-5.54
Mar 2016	75.05	9.92	111.97	21.77	6.11	-31.18	4.62	-32.61	-2.48
Mar 2017	85.84	7.45	106.58	0.26	6.24	-34.17	0	-34.17	-2.6
Mar 2018	128.56	7.09	171.18	15.93	7.33	-41.11	0	-41.11	-3.13
Mar 2019	138.95	6.8	249.99	4.54	6.01	-119.31	0	-119.31	-9.09
Mar 2020	61.64	3.92	86.4	6.35	5.65	-27.98	0	-27.98	-2.13
Mar 2021	64.75	3	68.88	-10.97	2.84	-20.94	0	-20.94	-1.47
Mar 2022	146.17	6.58	142.8	7.43	2.67	1.55	106.45	-0.09	-0.01
Mar 2023	164.06	3.18	161.9	3.8	2.45	0.33	0	0.33	0.02
Mar 2024	143.22	2.92	143.45	5.06	2.58	-0.67	0	-0.67	-0.05
Mar 2025	119.09	4.64	122.18	9.91	1.95	0.23	0	0.23	0.02
Mar 2026	49.97	2.48	67.49	25.03	1.92	3.11	0	3.11	0.22
TTM	38.13	2.48	51.41	20.17	1.92	2.49	—	2.49	0.18

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	15.64%
DIIs	0.02%
Public	84.34%

Shareholding trend

Ownership over time%

Quarter	Promoters	DIIs	Public
Sep 2023	15.64%	0.2%	84.17%
Dec 2023	15.64%	0.12%	84.23%
Mar 2024	15.64%	0.08%	84.29%
Jun 2024	15.64%	0.08%	84.29%
Sep 2024	15.64%	0.08%	84.29%
Dec 2024	15.64%	0.08%	84.29%
Mar 2025	15.64%	0.02%	84.34%
Jun 2025	15.64%	0.02%	84.35%
Sep 2025	15.64%	0.02%	84.34%
Dec 2025	15.64%	0.02%	84.34%
Mar 2026	15.64%	0.02%	84.35%
Jun 2026	15.64%	0.02%	84.34%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	131.28	-143.22	276.98	105.88	370.92	97.15	17.04	2.61	254.12	370.92
Mar 2016	131.28	-175.83	285.51	109.98	350.94	97.14	13.26	2.61	237.93	350.94
Mar 2017	131.28	-210.03	294.55	128.72	344.52	91.98	12.7	2.61	237.23	344.52
Mar 2018	131.28	-250.17	290.51	168.79	340.41	80.33	12.78	2.61	244.69	340.41
Mar 2019	131.28	-362.59	277.7	188.2	234.59	74.55	14.44	2.61	142.99	234.59
Mar 2020	131.28	-371.7	241.61	162.9	164.09	65.87	0	2.61	95.61	164.09
Mar 2021	142.28	-392.73	224.27	145.06	118.88	48.03	0	0.02	70.83	118.88
Mar 2022	142.28	-392.75	223.66	191.07	164.26	44.38	0	0.02	119.86	164.26
Mar 2023	142.28	-392.32	215.23	200.34	165.53	44.64	0.99	0.02	119.88	165.53
Mar 2024	142.28	-392.95	210.99	218.24	178.56	43.61	0.82	0.02	134.11	178.56
Mar 2025	142.28	-392.68	261.46	144	155.06	41.8	1.2	0.02	112.04	155.06
Mar 2026	142.28	-389.57	263.91	129.14	145.76	40.03	1.29	0.02	104.42	145.76

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-31.33	46.51	-16.07	-0.89
Mar 2016	-0.48	7.37	-3.72	3.18
Mar 2017	7.32	-2.47	-5.71	-0.85
Mar 2018	1.22	4.87	-6.89	-0.79
Mar 2019	20.73	-0.13	-20.47	0.13
Mar 2020	25.54	14.06	-40.15	-0.55
Mar 2021	14.54	-0.65	-13.33	0.56
Mar 2022	-1.66	7.71	-7.19	-1.14
Mar 2023	18.07	-3.24	-11.09	3.73
Mar 2024	4.83	-2.47	-7.17	-4.81
Mar 2025	4.05	-1.56	-0.25	2.24
Mar 2026	-0.94	-1.19	-0.04	-2.16

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	76.00	70.91	126.12	87.76	98.06	61.29	32.24	74.41	97.42	142.05	162.84	359.89
Inventory Days	104.82	110.45	64.87	10.64	4.01	68.78	106.87	111.80	66.27	90.80	52.21	72.61
Days Payable	240.04	185.70	287.65	244.84	335.58	713.41	306.47	300.45	281.54	389.46	574.78	948.44
Cash Conversion Cycle	-59.22	-4.35	-96.66	-146.44	-233.51	-583.34	-167.36	-114.24	-117.85	-156.60	-359.73	-515.94
Working Capital Days	-520.19	-612.65	-691.65	-530.52	-809.09	-1,746.01	-1,633.45	-704.23	-696.74	-750.29	-907.49	-2,020.17
ROCE %	-18.74%	-8.40%	-11.65%	-17.25%	-97.17%	-101.13%	—	—	—	—	—	31.43%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of ZENITH STEEL PIP IND LTD (ZENITHSTL)?

The reported market capitalisation for ZENITH STEEL PIP IND LTD (ZENITHSTL) is ₹72.6Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of ZENITHSTL?

The current price shown for ZENITH STEEL PIP IND LTD (ZENITHSTL) on Fincrux is ₹5.10 with a 52-week high/low of ₹10.3/4.39.

What is the P/E ratio of ZENITH STEEL PIP IND LTD (ZENITHSTL)?

The stock P/E for ZENITH STEEL PIP IND LTD (ZENITHSTL) is 58.0 on Fincrux, with ROE at % and ROCE at 31.4%.

What were ZENITHSTL latest quarterly results?

For Jun 2026, ZENITH STEEL PIP IND LTD (ZENITHSTL) reported sales ₹7.07 Cr and net profit ₹0.33 Cr (figures in ₹ crore unless noted).

What are ZENITHSTL annual sales and net profit?

For TTM, ZENITH STEEL PIP IND LTD (ZENITHSTL) shows sales of ₹38.13 Cr and net profit of ₹2.49 Cr on the Fincrux profit & loss statement.

Who owns ZENITH STEEL PIP IND LTD (ZENITHSTL)?

Latest shareholding for ZENITH STEEL PIP IND LTD (ZENITHSTL) on Fincrux: Promoters 15.64% (Jun 2026), DIIs 0.02% (Jun 2026), Public 84.34% (Jun 2026), No. of Shareholders 79,262% (Jun 2026).

Where can I find ZENITH STEEL PIP IND LTD (ZENITHSTL) financials?

ZENITH STEEL PIP IND LTD (ZENITHSTL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show ZENITHSTL balance sheet and cash flow?

Yes. The ZENITH STEEL PIP IND LTD (ZENITHSTL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 19 October 2026 at 5:11