ZENITHSTL · Zenith Steel Pipes & Industries Ltd · Constr. - Supplies & Fixtures
ZENITHSTL · Zenith Steel Pipes & Industries Ltd · Constr. - Supplies & Fixtures
As of 05 Nov close
52-week range
48.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹7 Cr
Revenue YoY
PAT YoY
-54.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
Not available from data source
P/S (TTM)
2
Sector P/E
17.3
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ZENITHSTL (this stock) | 19.7 | Not available from data source | +9.6% | -1.6% | -0.88 | 0.0% |
| Grindwell Norton | 54.9 | 8.3 | +13.8% | +17.2% | 0.02 | +1.0% |
| Carborundum Universal | 106.5 | 5.9 | +3.9% | +5.4% | 0.11 | +0.4% |
| Kajaria Ceramics | 35.3 | 6.2 | +10.8% | +17.8% | 0.07 | +1.1% |
Promoter
stable
FII
Not available from data source
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe report outlines Zenith Steel Pipes & Industries Limited's financial and operational performance for FY2025-26, highlighting a significant decline in revenue from operations and a notable improvement in profitability. The company's net profit increased substantially compared to the previous year, driven by higher other income and improved operational efficiency. The report also addresses ongoing challenges such as a prolonged lock-out at the Khopoli unit, legal issues related to immovable assets under SARFAESI, and the absence of dividend recommendations. Additionally, the company has two wholly owned subsidiaries in the UAE and USA aimed at expanding overseas markets.
- Significant decline in revenue from operations, accompanied by improved profitability.
- Ongoing lock-out at the Khopoli unit since 2013.
- Legal challenges regarding immovable assets under SARFAESI.
- Establishment of two wholly owned subsidiaries in UAE and USA for overseas market expansion.
- Management has stated an absence of dividend recommendations for the year.
Key takeaway: The company faces significant financial and operational challenges, including accumulated losses, legal disputes, and ongoing labor issues, despite showing improved profitability.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (2 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesRecent (last 12 months)
The auditor expressed a qualified opinion on the internal financial controls over the company's standalone financial statements for the year.
Earlier (1-3 years ago)
The auditor issued a qualified opinion on the standalone financial statements of Zenith Steel Pipes & Industries Limited as of March 31, 2024, indicating reservations due to specific matters described in the Basis for Qualified Opinion section.
Regulatory Action
2 occurrencesRecent (last 12 months)
The Holding Company was prohibited from accessing the securities market for three years by SEBI in 2021 for violations related to GDR issuance. SEBI reduced the penalty and limited the debarment period to time already served in 2023, but a civil appeal by SEBI before the Supreme Court is ongoing.
Earlier (1-3 years ago)
Prosecution has been filed against the company by Registrar of Companies, Mumbai for non-compliance of order of Hon'ble Company Law Board, Mumbai dated 18.08.2014 regarding defaulted in payment to depositors.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has defaulted in payment to depositors, leading to prosecution by the Registrar of Companies, Mumbai, and has not complied with the Companies Act, 2013 regarding non-repayment of deposits and interest, maintenance of liquid assets, and orders from the Company Law Board.
Earlier (1-3 years ago)
The company has defaulted in payment of principal amount and interest to depositors, leading to a show cause notice from the Registrar of Companies, Mumbai under Section 74(3) of the Companies Act, 2013.
Routine disclosures
Internal Control Weakness
2 occurrencesRecent (last 12 months)
The company has material weaknesses in internal financial controls, including lack of delegation of authority matrix, absence of Risk Control Matrix, secretarial compliance lapses, and inadequate overhead allocation controls as of 31 March 2026.
Earlier (1-3 years ago)
The company has material weaknesses in its internal controls, including lack of an approved delegation of authority matrix and absence of a Risk Control Matrix (RCM), as identified in the audit report dated 31st March, 2024.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company is seeking approval for a Material Related Party Transaction, as mentioned in the resolution to be passed at the Annual General Meeting.
Earlier (1-3 years ago)
The company delayed filing the Related Party Transaction Report for the half year ended 30.09.2023 as required by Regulation 23(9) of SEBI (LODR), 2015.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.5% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).