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

₹ 8.78 -1.79%
21 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 ₹ 125 Cr.
  • Current Price ₹ 8.78
  • High / Low ₹ 15.4 / 5.48
  • Stock P/E 17.7
  • Book Value ₹ -18.2
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding is low: 15.6%
  • Contingent liabilities of Rs.52.4 Cr.
  • Earnings include an other income of Rs.7.64 Cr.
  • Company has high debtors of 151 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

Consolidated Figures in Rs. Crores / View Standalone

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
41.70 46.40 55.46 59.64 49.85 24.89 30.55 24.40 27.74 45.84 43.06 28.50 30.07
38.42 42.66 47.92 57.92 66.53 24.59 28.36 25.48 34.27 45.21 36.33 31.15 30.64
Operating Profit 3.28 3.74 7.54 1.72 -16.68 0.30 2.19 -1.08 -6.53 0.63 6.73 -2.65 -0.57
OPM % 7.87% 8.06% 13.60% 2.88% -33.46% 1.21% 7.17% -4.43% -23.54% 1.37% 15.63% -9.30% -1.90%
-0.21 -0.18 8.73 -1.09 4.81 0.62 -0.31 0.11 0.39 0.11 4.46 1.83 1.24
Interest 4.36 0.80 0.98 0.02 1.46 1.02 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 -1.74 2.17 14.69 0.01 -13.95 -0.69 0.26 -2.36 -7.54 -0.67 9.89 -1.91 -0.44
Tax % 94.83% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.39 2.16 14.69 0.01 -13.96 -0.69 0.26 -2.36 -7.54 -0.67 9.89 -1.92 -0.44
EPS in Rs -0.24 0.15 1.03 0.00 -0.98 -0.05 0.02 -0.17 -0.53 -0.05 0.70 -0.13 -0.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
273 229 84 91 157 170 184 101 78 163 165 143 147
303 364 142 129 176 212 298 132 79 148 177 143 143
Operating Profit -29 -135 -58 -37 -19 -42 -114 -31 -2 15 -12 -0 4
OPM % -11% -59% -69% -41% -12% -25% -62% -30% -2% 9% -7% -0% 3%
19 -41 2 23 1 16 7 13 -6 8 4 5 8
Interest 35 21 9 10 9 8 7 5 3 7 3 3 3
Depreciation 5 7 6 6 6 7 6 6 3 3 2 3 2
Profit before tax -51 -203 -71 -31 -33 -41 -120 -28 -14 13 -14 -1 7
Tax % 0% 0% 0% 5% 0% 0% 0% 0% 0% 12% 0% 0%
-51 -203 -71 -33 -33 -41 -120 -28 -14 12 -14 -1 7
EPS in Rs -3.90 -15.50 -5.41 -2.49 -2.53 -3.13 -9.15 -2.16 -0.95 0.82 -1.01 -0.05 0.49
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -5%
3 Years: 23%
TTM: 37%
Compounded Profit Growth
10 Years: 7%
5 Years: 15%
3 Years: %
TTM: 173%
Stock Price CAGR
10 Years: 24%
5 Years: 71%
3 Years: 94%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 110 -82 -153 -186 -219 -260 -373 -383 -396 -384 -398 -399 -402
236 281 277 291 300 296 283 247 228 227 219 215 215
257 151 111 123 141 179 195 184 162 207 206 224 224
Total Liabilities 734 481 366 360 353 346 236 180 136 192 169 182 180
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 0 0 0 0 0 0 0 0 0 0 0 0 0
606 355 251 249 248 253 147 114 88 148 123 138 136
Total Assets 734 481 366 360 353 346 236 180 136 192 169 182 180

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -79 -31 -5 7 4 21 25 16 -1 18 5
-12 -11 47 7 -2 5 -0 14 -1 8 -3 -2
35 12 -16 1 -7 -7 -21 -41 -15 -7 -11 -7
Net Cash Flow 1 -78 -1 3 -2 2 0 -2 0 -1 3 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 78 183 449 435 293 250 72 32 57 112 104 151
Inventory Days 163 17 78 99 38 10 3 32 83 108 62 91
Days Payable 222 93 173 218 180 195 214 326 309 346 277 409
Cash Conversion Cycle 19 108 354 316 151 64 -139 -262 -170 -126 -111 -167
Working Capital Days 281 279 458 325 197 118 -131 -315 -321 -120 -228 -264
ROCE % -3% -32% -19% -8% -11% -17% -102% -128%

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