Zenith Steel Pipes & Industries Limited (NSE:ZENITHSTL)

India · Delayed Price · Currency is INR

4.950

+0.020 (0.41%)

Nov 11, 2026, 2:40 PM IST

NSE:ZENITHSTL Financials Overview

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	313.26	533.76	1,191	1,432	1,649	1,631
Revenue Growth	-66.49%	-55.18%	-16.85%	-13.16%	1.10%	109.47%
Gross Profit	117.9	233.23	645.64	629.87	419.87	681.53
Operating Income	12.41	21.75	27.8	21.2	-141.4	124.44
Net Income	34.56	43.83	2.25	-6.97	-143.84	116.28
Earnings Per Share	0.23	0.31	0.01	-0.05	-1.03	0.82
EPS Growth	-21.19%	2414.52%	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
India	285.83	995.29	1,085	1,641	1,462
Outside India	247.93	195.64	346.88	-	169.52
Total	533.76	1,191	1,432	1,641	1,631

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	18.48	10.78	29.56	4.31	52.7	19.53
Total Debt	2,203	2,202	2,197	2,152	2,193	2,275
Net Cash (Debt)	-2,184	-2,191	-2,167	-2,147	-2,141	-2,255
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.84	-15.40	-15.23	-15.09	-15.05	-15.85

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	35.73	-10.94	39.42	47.44	179	-11.73
Capital Expenditures	-2.19	-2.34	-5.24	-13.86	-36.98	-4.38
Free Cash Flow	33.54	-13.27	34.18	33.58	142.02	-16.11
Free Cash Flow Growth	-	-	1.78%	-76.35%	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Gross Margin	37.64%	43.70%	54.21%	43.98%	25.46%	41.78%
Operating Margin	3.96%	4.08%	2.33%	1.48%	-8.57%	7.63%
Pretax Margin	11.27%	8.34%	0.40%	-0.32%	-6.73%	8.66%
Profit Margin	11.03%	8.21%	0.19%	-0.49%	-8.72%	7.13%
FCF Margin	10.71%	-2.49%	2.87%	2.34%	8.61%	-0.99%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov '26 Nov 11, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	21.34	14.74	410.85	-	-	2.89
P/FCF Ratio	20.91	-	27.06	31.99	3.42	-
PS Ratio	2.24	1.21	0.78	0.75	0.29	0.21