Debut Plus

5.54

+0.05 +0.91%

17 Jul 2026

NSE Listed

Zenith Steel Pip Ind Ltd. (ZENITHSTL)

Volume: 19,758Avg Vol 1W: 34,948.2Avg Vol 1M: 56,830.652W Range:4.4110.33
Market Cap₹78 Cr
Current Price₹5.54
Previous Close₹5.49
High / Low (52w)₹10.33 / ₹4.41
Volume19,758
Avg Vol (1W)34,948.2
Avg Vol (1M)56,830.6
Stock P/E325
Book Value₹-18.05
Dividend Yield
ROE1.8%
ROA
Revenue (TTM)₹129 Cr
Revenue Growth
Profit Margin
Total Debt₹22 Cr
Shares Outstanding
Face Value₹10
EPS (TTM)₹0.02
P/B-0.36
Debt / Equity0
50 DMA₹5.76
200 DMA₹6.48
Day change+0.91%
Price Chart
5.54 36.61% · 1Y
10511.8L
2025-07-17
2026-07-16

20-day avg volume: 57K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 29% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 325.
  • Negative book value per share.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹29 Cr₹30 Cr₹36 Cr₹25 Cr₹19 Cr₹14 Cr₹9 Cr₹11 Cr
EBITDA₹-1 Cr₹0 Cr₹0 Cr₹4 Cr₹2 Cr₹1 Cr₹2 Cr₹1 Cr
Net Profit₹-2 Cr₹0 Cr₹0 Cr₹3 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹186 Cr₹197 Cr₹114 Cr₹89 Cr₹164 Cr₹172 Cr₹149 Cr₹129 Cr
EBITDA₹-33 Cr₹-106 Cr₹-19 Cr₹6 Cr₹13 Cr₹-8 Cr₹2 Cr₹3 Cr
Net Profit₹-41 Cr₹-120 Cr₹-28 Cr₹-14 Cr₹12 Cr₹-14 Cr₹-1 Cr₹0 Cr
EPS-3.13-9.15-2.16-10.82-1.01-0.050.02
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹346 Cr₹236 Cr₹180 Cr₹136 Cr₹192 Cr₹169 Cr₹182 Cr₹159 Cr
Total Liabilities₹475 Cr₹478 Cr₹431 Cr₹390 Cr₹434 Cr₹425 Cr₹439 Cr₹415 Cr
Equity₹-129 Cr₹-242 Cr₹-251 Cr₹-254 Cr₹-242 Cr₹-256 Cr₹-257 Cr₹-257 Cr
Total Debt
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹21 Cr₹25 Cr₹16 Cr₹4 Cr₹17 Cr₹4 Cr₹7 Cr
Investing₹0 Cr₹14 Cr₹0 Cr₹9 Cr₹-4 Cr₹-2 Cr₹-2 Cr
Financing₹-21 Cr₹-41 Cr₹-15 Cr₹-7 Cr₹-11 Cr₹-7 Cr₹-2 Cr
Free Cash Flow₹21 Cr₹25 Cr₹16 Cr₹4 Cr₹17 Cr₹4 Cr₹7 Cr
Shareholding
Promoter 15.64% Institutions 0.02% Public 84.34%
Efficiency & Working Capital
ROCE-19.6%
Interest Coverage1.2
Dividend Payout
Debtor Days173 d
Inventory Days24 d
Payable Days276 d
Cash Conversion Cycle-79 d
Working Capital Days197 d
Shareholding Details

As of 2026-03-31

Promoter15.6%
FII0%
DII0%
Institutions0%
Public84.3%
Promoter Pledge0.2%
No. of Shareholders79,750
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters15.6%15.6%15.6%15.6%15.6%15.6%15.6%15.6%15.6%15.6%15.6%15.6%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.3%0.2%0.1%0.1%0.1%0.1%0.1%0%0%0%0%0%
Public84.1%84.2%84.2%84.3%84.3%84.3%84.3%84.3%84.3%84.3%84.3%84.3%
Promoter Pledge0.2%0.2%0%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%
No. of Shareholders75,29274,86373,26175,23081,77081,95282,18482,76283,24881,56080,09379,750
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Birla Bombay Private LimitedShareholding of Promoter and Promoter Group5.7%81,71,397
Hitesh Ramji JaveriPublic Shareholding5.5%78,02,101
Birla Precision TechnologiesShareholding of Promoter and Promoter Group4.9%70,00,000
Birla EdutechShareholding of Promoter and Promoter Group2.8%40,00,000
Magesh .Public Shareholding2.7%38,18,197
New Agro Warehousing Private LimitedPublic Shareholding2.7%37,78,440
Nirved Traders Pvt LtdShareholding of Promoter and Promoter Group1.9%27,50,000
Overskud Multi Asset Management Private LimitedPublic Shareholding1.8%25,20,000
Harsha Hitesh JaveriPublic Shareholding1.8%25,00,000
Surinder Singh Harbhajan Singh RajpalPublic Shareholding1.7%24,53,800
Harmeetsingh Harbhajansingh RajpalPublic Shareholding1.7%24,53,800
Amarjeetsingh Harbhajan RajpalPublic Shareholding1.7%23,84,193
Thiagarajan AravamudanPublic Shareholding1.1%15,20,000
Birla Infrastructure LimitedPublic Shareholding1%14,40,505
Asian Distributors Private LimitedShareholding of Promoter and Promoter Group0.1%1,41,979
Yash SocietyShareholding of Promoter and Promoter Group0.1%75,169
M/s Birla International Pvt LtdShareholding of Promoter and Promoter Group0%45,000
Shearson Investments & Trading Company Private LimitedShareholding of Promoter and Promoter Group0%23,193
Matri Seva Sadan Charity TrustShareholding of Promoter and Promoter Group0%31,851
Birla Industries Group Charity TrustShareholding of Promoter and Promoter Group0%17,840
Birla Shloka Edutech LimitedShareholding of Promoter and Promoter Group0%694
Arunkumar Gangaprasad SinghiShareholding of Promoter and Promoter Group0%34
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Arunkumar Gangaprasad Singhi00%2026-03-31
Asian Distributors Private Limited00%2026-03-31
Birla Precision Technologies00%2026-03-31
Birla Bombay Private Limited00%2026-03-31
M/s Birla International Pvt Ltd45,000100%2026-03-31
Nirved Traders Pvt Ltd00%2026-03-31
Birla Shloka Edutech Limited00%2026-03-31
Birla Industries Group Charity Trust00%2026-03-31
Matri Seva Sadan Charity Trust00%2026-03-31
Yash Society00%2026-03-31
Shearson Investments & Trading Company Private Limited00%2026-03-31
Birla Edutech00%2026-03-31
Board of Directors
NameDesignationYear
Sadhana PatilIndependent Non Exe. Director2025
Purshottam SonavaneNon-Exec & Non-Independent Dir2025
Minal Umesh PoteE D & Wholetime Director2025
Pramod Shivaji BhosaleIndependent Non Exe. Director2025
Bhavika SharmaIndependent Non Exe. Director2025
Ganesh Ramesh MahendrakarIndependent Non Exe. Director2025
Prakhar AgarwalCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10156142142
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000001
2025000000
2025000000
Company Information
Incorporated1960
AuditorD E V A M & Associates LLP/C K S P & Co LLP
Investor Email[email protected]
🌐 www.zenithsteelpipes.com

📍 5th Floor Industry House, 159 Churchgate Reclamation, Mumbai, Maharashtra, 400020

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