Zenith Steel Pipes & Industries quarterly results and financials

Zenith Steel Pipes & Industries (ZENITHSTL)₹4.93+0.41%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Jun 2026 quarter (consolidated), Zenith Steel Pipes & Industries reported sales of ₹7.19 Cr, down 62.0% from Jun 2025, and net profit of ₹0.43 Cr, down 54.7% year on year. For the year to Mar 2026, sales were ₹53.37 Cr and net profit ₹4.37 Cr.

Sales (Jun 2026): ₹7.19 Cr
Net profit (Jun 2026): ₹0.43 Cr
Sales (FY Mar 2026): ₹53.37 Cr
Net profit (FY Mar 2026): ₹4.37 Cr
EPS (Jun 2026): ₹0.04
Borrowings (Mar 2026): ₹220 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Zenith Steel Pipes & Industries quarterly results

₹ crore unless stated; each column is a quarter.

Zenith Steel Pipes & Industries Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	27.77	45.85	43.09	28.49	30.08	35.70	24.81	18.93	14.05	9.41	11.28	7.19
Expenses	34.19	45.13	36.22	31.05	30.57	35.56	26.77	23.31	19.40	12.98	13.84	7.28
Operating Profit	−6.52	0.60	6.72	−2.64	−0.56	0.00	−2.03	−4.44	−5.42	−3.61	−2.58	−0.11
OPM %	−23.6%	1.3%	15.6%	−9.3%	−1.9%	0.0%	−8.2%	−23.5%	−38.7%	−38.5%	−23.0%	−1.7%
Other Income	0.38	0.12	4.45	1.82	1.23	0.90	5.91	6.49	7.23	6.20	5.05	1.63
Interest	0.74	0.75	0.74	0.62	0.63	0.64	0.63	0.63	0.64	0.65	0.61	0.62
Depreciation	0.68	0.68	0.58	0.49	0.48	0.50	0.50	0.50	0.48	0.48	0.47	0.49
Profit before tax	−7.53	−0.66	9.88	−1.92	−0.43	−0.21	2.77	0.94	0.71	1.46	1.38	0.44
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.00
Net Profit	−7.52	−0.66	9.86	−1.91	−0.43	−0.19	2.77	0.95	0.71	1.46	1.38	0.43
EPS (Rs)	−0.54	−0.06	0.71	−0.14	−0.04	−0.02	0.21	0.08	0.06	0.11	0.11	0.04

Zenith Steel Pipes & Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Zenith Steel Pipes & Industries Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	91.50	157	170	184	101	77.93	163	165	143	119	53.37	41.93
Expenses	128	175	211	297	132	79.23	148	177	143	124	69.41	53.50
Operating Profit	−37.10	−19.06	−42.11	−114	−30.66	−1.53	15.06	−12.23	−0.24	−5.24	−16.23	−11.72
OPM %	−40.6%	−12.2%	−24.9%	−62.1%	−30.3%	−2.0%	9.2%	−7.4%	−0.2%	−4.4%	−30.5%	−28.0%
Other Income	22.49	0.79	16.12	7.17	12.53	−5.70	7.84	3.79	5.05	9.88	24.97	20.11
Interest	10.46	8.69	7.72	7.31	4.54	3.48	7.01	3.49	2.93	2.49	2.49	2.52
Depreciation	6.12	6.25	7.34	6.02	5.66	2.85	2.68	2.46	2.59	1.96	1.91	1.92
Profit before tax	−31.19	−33.22	−41.04	−120	−28.36	−13.58	13.27	−14.39	−0.68	0.22	4.37	3.99
Tax %	4.8%	0.0%	0.0%	0.0%	0.0%	0.0%	12.5%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	0.00	0.00	−0.99	−6.98	0.00	−15.97	7.99	0.00	0.00	0.00	0.99	0.99
Net Profit	−32.56	−33.09	−40.93	−120	−28.26	−13.53	11.60	−14.34	−0.69	0.22	4.37	3.98
EPS (Rs)	−2.50	−2.54	−3.14	−9.17	−2.17	−0.96	0.83	−1.02	−0.06	0.03	0.32	0.32
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Zenith Steel Pipes & Industries balance sheet

₹ crore, at each year end.

Zenith Steel Pipes & Industries Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	131	131	131	131	131	131	142	142	142	142	142	142
Reserves	−153	−186	−220	−260	−373	−383	−397	−385	−399	−400	−399	−392
Borrowings	277	291	300	295	283	247	228	227	219	215	215	220
Other Liabilities	111	124	142	179	196	185	163	208	206	225	201	184
Total Liabilities	366	360	353	346	236	180	136	192	169	182	159	154
Fixed Assets	97.49	97.50	92.25	80.57	74.80	66.07	48.21	44.55	44.82	43.77	41.93	40.16
CWIP	17.01	13.23	12.67	12.75	14.41	0.00	0.00	0.00	0.98	0.81	1.19	1.28
Investments	0.02	0.02	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	251	249	248	253	147	114	87.85	148	123	137	116	113
Inventories	13.03	19.05	13.04	4.01	1.01	5.02	11.03	28.06	21.06	20.05	8.02	6.02
Trade receivables	103	109	126	116	35.97	8.99	11.98	49.95	46.92	58.98	56.97	56.93
Cash & equivalents	2.01	5.01	3.01	4.01	5.02	3.01	3.01	4.01	6.01	1.01	3.01	2.01
Total Assets	366	360	353	346	236	180	136	192	169	182	159	154

Zenith Steel Pipes & Industries cash flow

₹ crore, for each year.

Zenith Steel Pipes & Industries Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−30.53	−5.28	7.03	4.11	21.13	24.83	16.38	−1.16	17.85	4.72	6.23	−1.03
Cash from investing activity	46.34	7.34	−2.46	4.85	−0.12	14.01	−0.64	7.68	−3.23	−2.46	−1.27	−1.18
Cash from financing activity	−16.36	1.30	−7.04	−7.48	−20.85	−41.00	−15.44	−7.45	−11.33	−7.11	−2.45	0.41
Net cash flow	−0.50	3.37	−2.47	1.55	0.22	−2.00	0.33	−0.93	3.31	−4.85	2.54	−1.80
Capex	0.39	1.46	2.46	0.28	0.26	0.21	0.60	0.50	3.70	1.38	0.51	0.22
Free cash flow	−30.36	−6.75	4.57	8.97	20.88	24.62	15.78	7.64	14.17	3.34	5.71	−1.26
CFO / OP %	52.9%	13.9%	−37.1%	−10.0%	−19.1%	−81.0%	−1,068.0%	24.0%	−135.0%	−2,456.1%	−119.0%	6.0%

Zenith Steel Pipes & Industries ratios

Working-capital days and returns, by year.

Zenith Steel Pipes & Industries Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	449	435	293	250	72	32	57	112	104	151	173	391
Inventory days	79	100	39	11	4	33	84	109	63	92	53	74
Days payable	172	217	179	194	213	325	308	345	276	408	603	956
Cash conversion cycle	354	316	151	64	−139	−262	−170	−126	−111	−167	−378	−494
Working capital days	−448	−537	−393	−421	−632	−1,074	−1,357	−604	−697	−755	−914	−1,873
ROCE %	−18.8%	−8.5%	−10.9%	−17.3%	−101.7%	−128.4%	—	—	—	—	—	—

Zenith Steel Pipes & Industries: frequently asked questions

What are the latest quarterly results of Zenith Steel Pipes & Industries?

For the Jun 2026 quarter, Zenith Steel Pipes & Industries reported sales of ₹7.19 Cr, down 62.0% year on year and net profit of ₹0.43 Cr, down 54.7% year on year. The operating margin was −1.7%.

What is the annual revenue of Zenith Steel Pipes & Industries?

Zenith Steel Pipes & Industries' sales for the year to Mar 2026 were ₹53.37 Cr; over the last twelve months they were ₹41.93 Cr.

What is the net profit of Zenith Steel Pipes & Industries?

Net profit for the year to Mar 2026 was ₹4.37 Cr, and ₹3.98 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.32.

How much debt does Zenith Steel Pipes & Industries have?

Zenith Steel Pipes & Industries reported borrowings of ₹220 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.

What is the free cash flow of Zenith Steel Pipes & Industries?

Cash from operations was −₹1.03 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.26 Cr.

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