Zenith Steel Pipes Key Ratios
NSE: ZENITHSTL | BSE: 531845
₹5.99
As on 10-Sep-2026IST
Market cap
₹85 Cr
Revenue (TTM)
₹42 Cr
P/E Ratio
21.3
P/B Ratio
-0.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -36.44 | -62.06 | -61.73 | -31.37 | -12.78 |
| EBIT | 80.63 | 87.94 | -52.01 | 6.87 | -240.93 |
| Net Profit | 234.17 | -53.41 | -16.74 | 29.71 | -13.42 |
| EPS | -68.51 | -54.23 | 29.46 | 30.83 | 18.95 |
| Book Value | -- | -- | 0.04 | -2.09 | 1.12 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-25 | Mar-24 |
| EBIT-Margin
| -5.05 | -2.63 | -32.64 | -4.23 | -2.01 |
| Net Margin
| -2.13 | 0.89 | 6.71 | 0.37 | -0.31 |
| Return on equity
| 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Return on Capital
| 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Return on Assets
| -2.04 | 0.66 | 2.61 | 0.28 | -0.26 |
| Debt to Equity (x)
| -- | -- | -0.15 | -0.84 | -0.84 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
10.67
|
24.98
|
20.19
|
--
|
ROE
--
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
10.35
|
7.59
|
20.21
|
19.34
|
--
|
ROA
2.61
Lower than Peers by 3.80
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
2.61
|
0.28
|
-0.26
|
-6.15
|
7.60
|
|
Peer Median
|
6.41
|
5.44
|
12.91
|
11.01
|
--
|
EBIT Margin
-32.64
Lower than Peers by 43.66
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-32.64
|
-4.23
|
-2.01
|
-8.91
|
7.61
|
|
Peer Median
|
11.02
|
11.66
|
11.54
|
15.47
|
--
|
Net Margin
6.71
Lower than Peers by 1.12
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
6.71
|
0.37
|
-0.31
|
-6.46
|
7.61
|
|
Peer Median
|
7.82
|
7.57
|
9.71
|
10.37
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
0.00
|
2.04
|
1.48
|
-5.25
|
9.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-61.73
Lower than Peers by 67.32
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-61.73
|
-16.85
|
-13.16
|
1.11
|
109.47
|
|
Peer Median
|
5.59
|
9.11
|
-10.85
|
39.46
|
--
|
EBIT Growth
-52.01
Lower than Peers by 47.83
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-52.01
|
-75.41
|
80.44
|
-218.40
|
383.36
|
|
Peer Median
|
-4.18
|
6.88
|
-32.98
|
80.25
|
--
|
Net Profit Growth
-16.74
Lower than Peers by 17.70
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-16.74
|
203.50
|
95.83
|
-189.00
|
336.79
|
|
Peer Median
|
0.96
|
16.56
|
-31.20
|
77.33
|
--
|
EPS Growth
29.46
Higher than Peers by 29.52
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
29.46
|
132.24
|
95.15
|
-223.70
|
185.65
|
|
Peer Median
|
-0.06
|
20.92
|
--
|
80.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
0.04
|
-0.29
|
-5.87
|
4.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
-0.15
Lower than Peers by 0.19
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-0.15
|
-0.84
|
-0.84
|
-0.86
|
-0.94
|
|
Peer Median
|
0.04
|
0.07
|
0.15
|
0.25
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
-0.67
|
-0.67
|
-0.74
|
-0.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.23
Lower than Peers by 1.47
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
0.23
|
0.23
|
0.27
|
0.30
|
0.35
|
|
Peer Median
|
1.70
|
1.68
|
1.57
|
1.55
|
--
|
Quick Ratio
0.22
Lower than Peers by 0.79
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
0.22
|
0.21
|
0.22
|
0.24
|
0.29
|
|
Peer Median
|
1.01
|
1.31
|
1.19
|
0.97
|
--
|
Interest Coverage
2.65
Lower than Peers by 7.42
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
2.65
|
1.10
|
0.84
|
-2.19
|
3.02
|
|
Peer Median
|
10.07
|
7.47
|
19.21
|
17.50
|
--
|
Operating Efficiency
Debtors to sales
136.28
Higher than Peers by 123.13
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
136.28
|
47.50
|
41.25
|
28.55
|
30.72
|
|
Peer Median
|
13.15
|
14.65
|
12.34
|
12.61
|
--
|
Asset Turnover
0.27
Lower than Peers by 0.52
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
0.27
|
0.70
|
0.82
|
0.91
|
0.99
|
|
Peer Median
|
0.79
|
0.86
|
0.92
|
1.17
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
177.22
|
135.29
|
107.55
|
69.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
42.38
|
52.00
|
54.15
|
43.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
601.41
|
413.42
|
270.03
|
251.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
-381.80
|
-226.13
|
-108.32
|
-138.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
21.26
Lower than Peers by 7.90
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
21.26
|
410.85
|
--
|
--
|
2.89
|
|
Peer Median
|
29.16
|
40.01
|
28.36
|
14.07
|
--
|
Price / Book Value
-0.34
Lower than Peers by 2.50
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
-0.34
|
-0.36
|
-0.42
|
-0.19
|
-0.14
|
|
Peer Median
|
2.16
|
1.93
|
2.13
|
2.38
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.43
|
0.27
|
0.45
|
0.44
|
--
|
EV/EBITDA
42.48
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
42.48
|
43.01
|
63.70
|
-50.71
|
16.17
|
|
Peer Median
|
--
|
22.60
|
12.16
|
12.87
|
--
|
Market Cap
85
Lower than Peers by 1,650
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Zenith Steel Pipes
|
85
|
92
|
107
|
49
|
34
|
|
Peer Median
|
1,735
|
1,454
|
1,457
|
1,879
|
--
|