ZENITH STEEL PIPES AND INDUSTRIES LIMITED

BSE: ZENITHSTL531845ISIN INE318D01020

Industrials
Iron & Steel Products

Share price

₹4.87+0.04 (+0.83%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹8.96
52W low: ₹4.39
Off 52W high: -45.65%
1M return: -6.35%
3M return: -12.88%
6M return: -25.19%
1Y return: -42.71%
20D avg volume: 11,227
50 DMA: ₹5.32
200 DMA: ₹5.60

Key ratios Consolidated

Market cap: ₹69.29 Cr
Current price: ₹4.87
52W high / low: ₹8.96 / ₹4.39
Face value: ₹10.00
P/E: 17.26
P/B: —
EPS (TTM): ₹0.28
Book value / share: —
ROE: —
ROCE: -3.40%
Operating margin: —
Net margin: —
Debt / equity: -0.88
Net debt: ₹219.11 Cr
Interest cover: 2.79
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -105.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	7.18	11.29	9.40	14.04	18.92	24.82	35.69	30.07	28.50	—
	1.66	3.78	6.22	7.27	6.53	6.12	0.94	1.26	1.85	—
	8.84	15.07	15.62	21.31	25.45	30.94	36.63	31.34	30.35	—
	8.38	14.96	14.15	20.58	24.47	27.97	36.80	31.76	32.25	—
	3.03	3.20	4.44	7.62	11.60	3.27	26.31	7.26	5.73	—
	0.00	0.00	0.03	0.12	1.04	1.04	—	—	—	—
	1.12	1.50	1.17	1.28	1.15	1.25	1.27	1.32	1.31	—
	0.61	0.60	0.64	0.63	0.62	0.62	0.63	0.62	0.61	—
	0.48	0.48	0.49	0.47	0.49	0.49	0.49	0.49	0.48	—
	4.46	8.27	5.56	9.39	11.39	15.77	15.07	17.18	16.71	—
	0.46	0.11	1.47	0.73	0.98	2.97	-0.17	-0.42	-1.90	—
	0.00	1.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.46	1.42	1.47	0.73	0.98	2.97	-0.17	-0.42	-1.90	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.44	1.39	1.47	0.72	0.96	2.78	-0.20	-0.44	-1.92	—
	0.03	0.10	0.10	0.05	0.07	0.21	-0.01	-0.03	-0.13	—
Key metrics
	1.55	2.50	2.60	1.83	2.09	4.08	0.95	0.69	-0.81	—
	21.60%	22.10%	27.70%	13.00%	11.00%	16.40%	2.70%	2.30%	-2.80%	—
	6.10%	12.30%	15.60%	5.10%	5.10%	11.20%	-0.60%	-1.50%	-6.70%	—
	—	-1.00%	—	-0.60%	—	-1.60%	—	—	—	—
	-62.10%	-54.50%	-73.70%	-53.30%	-33.60%	—	—	—	—	—
	-54.20%	-50.00%	835.00%	263.60%	150.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	41.91	53.38	119.09	—
	18.93	23.79	10.16	—
	60.84	77.17	129.26	—
	58.07	74.03	128.78	—
	18.29	26.73	42.57	—
	0.15	1.20	1.04	—
	5.07	5.11	5.14	—
	2.48	2.48	2.48	—
	1.92	1.92	1.95	—
	27.68	34.60	64.73	—
	2.77	3.14	0.48	—
	1.31	1.31	0.00	—
	4.08	4.45	0.48	—
	0.00	0.00	0.00	—
	4.02	4.38	0.23	—
	0.28	0.31	0.03	—
Key metrics
	8.48	8.85	4.91	—
	20.23%	16.60%	4.10%	—
	9.59%	8.20%	0.20%	—
	—	-3.40%	-1.30%	—
	-61.73%	-55.20%	—	—
	29.68%	1,804.30%	—	—
	—	-1.27	6.79	—
	—	-0.24	31.78	—
	—	-0.88	-0.84	—
	—	219.11	212.18	—
	—	-105.1	-79.1	—
Balance sheet
	—	153.94	158.64	—
	—	83.63	87.65	—
	—	1.08	2.96	—
	—	57.12	56.55	—
	—	5.95	7.79	—
	—	4.20	0.00	—
	—	39.90	41.68	—
	—	78.45	90.16	—
	—	355.97	382.48	—
	—	220.19	215.14	—
	—	182.82	192.72	—
	—	37.37	22.42	—
	—	-248.93	-256.75	—
Cash flow
	—	-1.04	7.31	—
	—	-1.19	-2.58	—
	—	0.42	-2.49	—
	—	0.23	0.52	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	7.07	8.53	8.77	13.76	18.92	24.82	35.69	30.07	28.50	—
	1.66	3.78	6.21	7.27	6.53	6.12	0.94	1.26	1.85	—
	8.73	12.31	14.98	21.03	25.45	30.94	36.63	31.34	30.35	—
	8.38	13.22	13.76	20.45	24.47	27.97	36.80	31.76	32.25	—
	3.03	3.20	4.44	7.49	11.60	3.27	26.31	7.26	5.73	—
	0.00	0.00	0.03	0.12	1.04	1.04	—	—	—	—
	1.12	1.50	1.17	1.28	1.15	1.25	1.27	1.32	1.31	—
	0.61	0.60	0.64	0.63	0.62	0.62	0.63	0.62	0.61	—
	0.48	0.48	0.49	0.47	0.49	0.49	0.49	0.49	0.48	—
	4.45	6.52	5.17	9.39	11.39	15.77	15.07	17.18	16.71	—
	0.35	-0.92	1.22	0.58	0.98	2.97	-0.17	-0.42	-1.90	—
	0.00	1.31	0.00	0.00	0.00	0.00	—	—	—	—
	0.35	0.40	1.22	0.58	0.98	2.97	-0.17	-0.42	-1.90	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.33	0.37	1.22	0.57	0.96	2.78	-0.20	-0.44	-1.92	—
	0.02	0.03	0.09	0.04	0.07	0.21	-0.01	-0.03	-0.13	—
Key metrics
	1.44	1.48	2.35	1.68	2.09	4.08	0.95	0.69	-0.81	—
	20.40%	17.40%	26.80%	12.20%	11.00%	16.40%	2.70%	2.30%	-2.80%	—
	4.70%	4.30%	13.90%	4.10%	5.10%	11.20%	-0.60%	-1.50%	-6.70%	—
	—	-0.50%	—	-0.60%	—	-1.60%	—	—	—	—
	-62.60%	-65.60%	-75.40%	-54.20%	-33.60%	—	—	—	—	—
	-65.60%	-86.70%	710.00%	229.50%	150.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	38.13	49.97	119.09	—
	18.92	23.79	10.16	—
	57.05	73.77	129.26	—
	55.81	71.90	128.78	—
	18.16	26.73	42.57	—
	0.15	1.20	1.04	—
	5.07	5.11	5.14	—
	2.48	2.48	2.48	—
	1.92	1.92	1.95	—
	25.53	32.47	64.73	—
	1.23	1.87	0.48	—
	1.31	1.31	0.00	—
	2.55	3.18	0.48	—
	0.00	0.00	0.00	—
	2.49	3.11	0.23	—
	0.18	0.22	0.03	—
Key metrics
	6.95	7.58	4.91	—
	18.23%	15.20%	4.10%	—
	6.53%	6.20%	0.20%	—
	—	-2.80%	-1.30%	—
	-65.18%	-58.00%	—	—
	-19.68%	1,252.20%	—	—
	—	-1.17	5.89	—
	—	-0.30	27.87	—
	—	-0.87	-0.84	—
	—	214.74	207.90	—
	—	-164.3	-76.4	—
Balance sheet
	—	145.76	155.14	—
	—	75.43	84.13	—
	—	0.72	2.96	—
	—	49.27	53.11	—
	—	5.95	7.79	—
	—	4.20	0.00	—
	—	39.90	41.80	—
	—	77.72	85.83	—
	—	350.88	376.91	—
	—	215.46	210.86	—
	—	182.82	192.72	—
	—	32.64	18.14	—
	—	-247.29	-250.40	—
Cash flow
	—	-0.94	6.41	—
	—	-1.19	-1.56	—
	—	-0.04	-2.60	—
	—	0.23	0.52	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -65.18%
Profit YoY (TTM): -19.68%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -61.73%
Profit YoY (TTM): +29.68%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 15.63%

Quarter	September 2026	June 2026
Promoter %	15.63%	15.63%

Holder	Type	Holding	Previous	Change
BIRLA BOMBAY PRIVATE LIMITED	Promoter Group	5.74%	5.74%	0.00%
HITESH RAMJI JAVERI	Public	5.48%	5.48%	0.00%
BIRLA PRECISION TECHNOLOGIES	Promoter Group	4.92%	4.92%	0.00%
BIRLA EDUTECH	Promoter Group	2.81%	2.81%	0.00%
NEW AGRO WAREHOUSING PRIVATE LIMITED	Public	2.66%	2.66%	0.00%
MAGESH .	Public	2.65%	2.67%	-0.02%
NIRVED TRADERS PVT LTD	Promoter Group	1.93%	1.93%	0.00%
OVERSKUD MULTI ASSET MANAGEMENT PRIVATE LIMITED	Public	1.77%	1.77%	0.00%
HARSHA HITESH JAVERI	Public	1.76%	1.76%	0.00%
HARMEETSINGH HARBHAJANSINGH RAJPAL	Public	1.72%	1.72%	0.00%
SURINDER SINGH HARBHAJAN SINGH RAJPAL	Public	1.72%	1.72%	0.00%
AMARJEETSINGH HARBHAJAN RAJPAL	Public	1.68%	1.68%	0.00%
THIAGARAJAN ARAVAMUDAN	Public	1.07%	1.07%	0.00%
BIRLA INFRASTRUCTURE LIMITED	Public	1.01%	1.01%	0.00%
ASIAN DISTRIBUTORS PRIVATE LIMITED	Promoter Group	0.10%	0.10%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	63,062	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	61,038	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	34,361	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,199	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,202	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,798	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,845	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,753	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,906	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Aeroflex Industries Limited	7,504	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Maharashtra Seamless Ltd.	7,450	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Sunflag Iron & Steel Co. Ltd.	7,070	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Shivalik Bimetal Controls Ltd.	6,178	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Technocraft Industries (India) Ltd.	6,166	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,756	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Goodluck India Limited	5,412	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,886	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,681	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,492	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,241	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Venus Pipes & Tubes Limited S	3,813	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kalyani Steels Ltd	3,774	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Kirloskar Industries Ltd	3,479	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,454	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,192	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
ZENITH STEEL PIPES AND INDUSTRIES LIMITED	69	4.87	17.26	-3.40%	-61.73% TTM	+29.68% TTM	-42.71%

Filings & corporate actions

Recent announcements

Unaudited finacial result for the quarter and year ended September 30, 20265 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting5 Nov 2026 · Board Meeting / Outcome of Board Meeting
Zenith Steel Pipes & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Unaudited ....29 Oct 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI 9DP) Regulation19 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scritiniser Report3 Oct 2026 · AGM/EGM / AGM
Outcome of AGM30 Sep 2026 · AGM/EGM / AGM
Intimation for closure of Trading window29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for Annual General Meeting11 Sep 2026 · Company Update / Newspaper Publication
Intimation of Book closure for 64th AGM8 Sep 2026 · Corp. Action / Book Closure
Annual Report for FY 2025-267 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 64th Annual General Meeting7 Sep 2026 · AGM/EGM / AGM
Intimation under Regulation 30 for Change in Management24 Aug 2026 · Company Update / Change in Management
Newspaper Publication for unaudited standalone and consolidated financial result for the quarter ended June 30, 202618 Aug 2026 · Company Update / Newspaper Publication
Unaudited standalone and consolidated financial result for the quarter ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Zenith Steel Pipes & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited ....5 Aug 2026 · Board Meeting / Board Meeting
Compliance Certificate under Reg. 74(5) of SEBI LODR, 201814 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for closure of trading Window27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper publication for audited standalone and consolidated financial result for the quarter and year ended March 31, 202628 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report as per Reg. 24(A)27 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Audited Standalone and consolidated financial result for the quarter and financial year ended March 31, 202626 May 2026 · Result / Financial Results
Outcome of the Board Meeting26 May 2026 · Board Meeting / Outcome of Board Meeting
Zenith Steel Pipes & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Audited Standalone ....19 May 2026 · Board Meeting / Board Meeting
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''> <tr> <td>Sr. No.</td> <td>Particulars</td> ....7 May 2026 · Others / Format of the Annual Disclosure to be made by an entity identified as a LC : Annexure B2
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....7 May 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 20187 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for closure of trading window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for unaudited financial result for the quarter and nine months ended December 31, 202514 Feb 2026 · Company Update / Newspaper Publication
Appointment of Mr. Uday Sawant as a Company Secretary and compliance officer of the company.11 Feb 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Unaudited Standalone and consolidated financial result for the quarter and nine months ended December 31, 202510 Feb 2026 · Result / Financial Results
Outcome of Board Meeting held on 10th February, 202610 Feb 2026 · Board Meeting / Outcome of Board Meeting
Resignation of Mr. Prakhar Agarwal, Company Sectretary and Compliance officer of the company.7 Feb 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Zenith Steel Pipes & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve the unaudited ....4 Feb 2026 · Board Meeting / Board Meeting
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 201814 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for closure of Trading window26 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication for unaudited standalone and consolidated financial result for the quarter and half year ended September 30, 202518 Nov 2025 · Company Update / Newspaper Publication
Unaudited standalone and consolidated financial result for the quarter and half year ended September 30, 202515 Nov 2025 · Result / Financial Results
consider and approve unaudited standalone and consolidated financial result for the quarter and half year ended September 30, 202514 Nov 2025 · Board Meeting / Outcome of Board Meeting
Zenith Steel Pipes & Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025 ,inter alia, to consider and approve the unaudited ....8 Nov 2025 · Board Meeting / Board Meeting
Intimation under Reg. 3018 Oct 2025 · Company Update / General

Board meetings

4 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results