Zenith Steel Pipes & Industries Limited (NSE:ZENITHSTL)

NSE:ZENITHSTL Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	416.35	533.76	1,191	1,432	1,649	1,631
Revenue Growth	-61.98%	-55.18%	-16.85%	-13.16%	1.10%	109.47%
Gross Profit Gross Profit Growth	208.36	233.23	645.64	629.87	419.87	681.53
Operating Income Operating Income Growth	-199.24	21.75	27.8	21.2	-141.4	124.44
Net Income Net Income Growth	38.65	43.83	2.25	-6.97	-143.84	116.28
Earnings Per Share EPS Growth	0.27	0.31	0.01	-0.05	-1.03	0.82
EPS Growth	-4.71%	2414.52%	-	-	-	-

Revenue by Geography

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	256.96	285.83	995.29	1,085	1,641	1,462
Outside India Outside India Growth	159.39	247.93	195.64	346.88	-	169.52
Total Total Growth	416.35	533.76	1,191	1,432	1,641	1,631

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	15.25	10.78	29.56	4.31	52.7	19.53
Total Debt Total Debt Growth	2,202	2,202	2,197	2,152	2,193	2,275
Net Cash (Debt) Net Cash Growth	-2,187	-2,191	-2,167	-2,147	-2,141	-2,255
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-15.21	-15.40	-15.23	-15.09	-15.05	-15.85

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	-10.94	39.42	47.44	179	-11.73
Capital Expenditures CapEx Growth	-	-2.34	-5.24	-13.86	-36.98	-4.38
Free Cash Flow Free Cash Flow Growth	-	-13.27	34.18	33.58	142.02	-16.11
Free Cash Flow Growth	-	-	1.78%	-76.35%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	50.04%	43.70%	54.21%	43.98%	25.46%	41.78%
Operating Margin	-47.85%	4.08%	2.33%	1.48%	-8.57%	7.63%
Pretax Margin	9.44%	8.34%	0.40%	-0.32%	-6.73%	8.66%
Profit Margin	9.28%	8.21%	0.19%	-0.49%	-8.72%	7.13%
FCF Margin	-	-2.49%	2.87%	2.34%	8.61%	-0.99%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 24, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	19.84	14.74	410.85	-	-	2.89
P/FCF Ratio	-	-	27.06	31.99	3.42	-
PS Ratio	1.84	1.21	0.78	0.75	0.29	0.21

Data Source: S&P Global Market Intelligence Last updated: Aug 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 24, 2026

Data Sources Report a data error