Zenith Steel Pipes & Industries Ltd

Zenith Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Zenith Steel Pipes & Industries Ltd

₹ 8.85 0.80%
22 Nov - close price
zenithsteelpipes.com BSE: 531845 NSE: ZENITHSTL
About

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

Key Points

Business Overview:[1]
Company is a manufacturer and supplier of ERW Black and Hot Galvanized pipes of Diameters from ½ inch to 20 inch, and Spirally Welded Pipes (HSAW) from 18 inch to 100 inch OD (457 mm to 2540 mm OD) which is used in the bulk transportation of water

Website BSE NSE - BE
  • Market Cap ₹ 126 Cr.
  • Current Price ₹ 8.85
  • High / Low ₹ 15.4 / 5.48
  • Stock P/E 104
  • Book Value ₹ -17.8
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.6%
  • Contingent liabilities of Rs.52.4 Cr.
  • Earnings include an other income of Rs.7.65 Cr.
  • Debtor days have increased from 105 to 142 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
39.98 34.41 52.58 57.47 51.36 24.65 30.57 24.39 27.74 45.84 43.06 28.50 30.07
36.83 36.10 50.79 55.95 54.00 23.74 28.42 25.47 28.42 45.29 42.10 31.15 30.64
Operating Profit 3.15 -1.69 1.79 1.52 -2.64 0.91 2.15 -1.08 -0.68 0.55 0.96 -2.65 -0.57
OPM % 7.88% -4.91% 3.40% 2.64% -5.14% 3.69% 7.03% -4.43% -2.45% 1.20% 2.23% -9.30% -1.90%
-0.21 -0.19 8.21 -1.09 4.81 0.62 -0.31 0.11 0.39 0.12 4.46 1.83 1.24
Interest 4.26 0.79 0.79 0.01 1.46 0.73 0.98 0.72 0.73 0.74 0.73 0.61 0.62
Depreciation 0.45 0.59 0.60 0.60 0.62 0.59 0.64 0.67 0.67 0.67 0.57 0.48 0.49
Profit before tax -1.77 -3.26 8.61 -0.18 0.09 0.21 0.22 -2.36 -1.69 -0.74 4.12 -1.91 -0.44
Tax % 93.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.42 -3.27 8.61 -0.18 0.08 0.21 0.22 -2.36 -1.69 -0.74 4.12 -1.92 -0.44
EPS in Rs -0.24 -0.23 0.61 -0.01 0.01 0.01 0.02 -0.17 -0.12 -0.05 0.29 -0.13 -0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
273 144 66 75 86 129 139 62 65 146 164 143 147
297 276 125 112 107 171 250 86 69 143 162 143 149
Operating Profit -24 -132 -59 -37 -21 -43 -111 -25 -4 3 2 -0 -2
OPM % -9% -92% -89% -49% -24% -33% -80% -40% -6% 2% 1% -0% -1%
19 -40 2 22 0 16 5 6 -11 7 4 5 8
Interest 35 21 9 10 7 7 7 4 3 7 3 3 3
Depreciation 5 7 6 6 6 7 6 6 3 3 2 3 2
Profit before tax -45 -200 -73 -31 -34 -41 -119 -28 -21 2 0 -1 1
Tax % 0% 0% 0% 5% 0% 0% 0% 0% 0% 106% 0% 0%
-45 -200 -73 -33 -34 -41 -119 -28 -21 -0 0 -1 1
EPS in Rs -3.40 -15.22 -5.54 -2.48 -2.60 -3.13 -9.09 -2.13 -1.47 -0.01 0.02 -0.05 0.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 1%
3 Years: 30%
TTM: 37%
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: 24%
TTM: 141%
Stock Price CAGR
10 Years: 24%
5 Years: 71%
3 Years: 95%
1 Year: 35%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 131 131 131 131 131 131 131 131 142 142 142 142 142
Reserves 124 -71 -143 -176 -210 -250 -363 -372 -393 -393 -392 -393 -395
236 281 277 286 295 291 278 242 224 224 215 211 211
248 143 106 110 129 169 188 163 145 191 200 218 219
Total Liabilities 740 485 371 351 345 340 235 164 119 164 166 179 176
108 104 97 97 92 80 75 66 48 44 45 44 43
CWIP 20 22 17 13 13 13 14 0 0 0 1 1 1
Investments 3 3 3 3 3 3 3 3 0 0 0 0 0
609 356 254 238 237 245 143 96 71 120 120 134 133
Total Assets 740 485 371 351 345 340 235 164 119 164 166 179 176

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-22 -80 -31 -0 7 1 21 26 15 -2 18 5
-12 -11 47 7 -2 5 -0 14 -1 8 -3 -2
35 12 -16 -4 -6 -7 -20 -40 -13 -7 -11 -7
Net Cash Flow 1 -78 -1 3 -1 -1 0 -1 1 -1 4 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 71 76 71 126 88 98 61 32 74 97 142
Inventory Days 161 24 105 110 65 11 4 69 107 112 66 91
Days Payable 216 127 240 186 288 245 336 713 306 300 282 390
Cash Conversion Cycle 22 -32 -59 -4 -97 -146 -234 -583 -167 -114 -118 -157
Working Capital Days 297 469 625 411 364 165 -163 -498 -387 -163 -225 -259
ROCE % -2% -30% -19% -8% -12% -17% -97% -101%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64% 15.64%
0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.20% 0.12% 0.08% 0.08% 0.08%
84.07% 84.07% 84.07% 84.08% 84.08% 84.07% 84.08% 84.17% 84.23% 84.29% 84.29% 84.29%
No. of Shareholders 53,91553,64767,22472,97875,58375,93875,29274,86373,26175,23081,77081,952

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports