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Zenith Steel Pipes

₹7.9 0.1 | 1.5%

Market Cap ₹113 Cr.

Stock P/E -10.9

P/B -0.4

Current Price ₹7.9

Book Value ₹ -18.7

Face Value 10

52W High ₹10.1

Dividend Yield 0%

52W Low ₹ 3.8

Zenith Steel Pipes Research see more...

Overview Inc. Year: 1960Industry: Steel & Iron Products

Zenith Steel Pipes Share Price

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Zenith Steel Pipes Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 42 44 55 60 50 25 31 24 28 46
Other Income 0 3 1 1 5 1 0 0 0 0
Total Income 42 46 56 60 55 26 31 25 28 46
Total Expenditure 38 43 48 58 67 25 28 25 34 45
Operating Profit 3 4 8 3 -11 1 2 -1 -6 1
Interest 4 1 1 0 1 1 1 1 1 1
Depreciation 0 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 8 0 0 0 0 0 0 0
Profit Before Tax -1 2 15 2 -13 -1 1 -2 -8 -1
Provision for Tax 2 0 0 0 0 0 0 0 0 0
Profit After Tax -3 2 15 2 -13 -1 1 -2 -8 -1
Adjustments -0 -0 -0 -2 -1 -0 -1 -0 -0 -0
Profit After Adjustments -3 2 15 0 -14 -1 0 -2 -8 -1
Adjusted Earnings Per Share -0.2 0.2 1 0 -1 -0 0 -0.2 -0.5 -0

Zenith Steel Pipes Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 273 229 84 91 157 170 184 101 78 163 165 129
Other Income 19 15 9 23 1 17 14 13 11 1 7 0
Total Income 292 244 93 114 158 186 197 114 89 164 172 130
Total Expenditure 303 364 142 129 176 212 298 132 79 148 177 132
Operating Profit -11 -120 -49 -15 -18 -25 -100 -18 9 16 -5 -4
Interest 35 21 9 10 9 8 7 5 3 7 3 4
Depreciation 5 7 6 6 6 7 6 6 3 3 2 4
Exceptional Income / Expenses 0 -56 -7 -1 -0 -1 -7 0 0 8 0 0
Profit Before Tax -51 -203 -71 -33 -33 -41 -120 -28 3 14 -11 -10
Provision for Tax 0 0 0 0 0 0 0 0 0 2 0 0
Profit After Tax -51 -203 -71 -33 -33 -41 -120 -28 3 12 -11 -10
Adjustments 0 0 0 0 0 0 0 0 -16 -1 -3 -1
Profit After Adjustments -51 -203 -71 -33 -33 -41 -120 -28 -14 12 -14 -11
Adjusted Earnings Per Share -3.9 -15.5 -5.4 -2.5 -2.5 -3.1 -9.2 -2.2 -1 0.8 -1 -0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 18% -1% -5%
Operating Profit CAGR -131% 0% 0% 0%
PAT CAGR -192% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 93% 93% 74% 21%
ROE Average 0% 0% 0% -62%
ROCE Average 0% 0% -47% -31%

Zenith Steel Pipes Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 247 49 -22 -55 -88 -129 -242 -251 -254 -242 -256
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 28 27 17 22 20 23 10 14 7 11 7
Other Non-Current Liabilities 24 27 25 23 11 11 12 11 11 11 10
Total Current Liabilities 436 378 345 369 410 441 457 406 372 412 407
Total Liabilities 734 481 366 360 353 346 236 180 136 192 169
Fixed Assets 108 104 97 97 92 80 75 66 48 44 45
Other Non-Current Assets 64 31 25 23 18 17 18 4 2 2 4
Total Current Assets 562 346 244 239 243 249 143 110 86 146 121
Total Assets 734 481 366 360 353 346 236 180 136 192 169

Zenith Steel Pipes Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 80 81 2 2 5 3 4 4 2 2 3
Cash Flow from Operating Activities -22 -79 -31 -5 7 4 21 25 16 -1 17
Cash Flow from Investing Activities -12 45 53 7 -2 5 -0 14 -0 9 -4
Cash Flow from Financing Activities 35 -44 -23 1 -7 -7 -21 -41 -15 -7 -11
Net Cash Inflow / Outflow 1 -78 -1 3 -2 2 0 -2 1 0 2
Closing Cash & Cash Equivalent 81 2 2 5 3 4 5 3 3 2 5

Zenith Steel Pipes Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -3.9 -15.5 -5.41 -2.49 -2.53 -3.13 -9.15 -2.16 -0.95 0.82 -1.01
CEPS(Rs) -3.48 -15 -4.93 -2.02 -2.05 -2.57 -8.7 -1.73 0.4 1.06 -0.61
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 18.41 3.74 -1.68 -4.17 -6.71 -9.79 -18.42 -19.14 -17.83 -17 -18
Core EBITDA Margin(%) -9.82 -55.69 -66.05 -38.18 -11.77 -24.21 -62.11 -30.34 -1.97 9.24 -7.42
EBIT Margin(%) -5.39 -75.41 -70.37 -22.79 -15.13 -19.15 -61.47 -23.49 8.13 12.95 -4.62
Pre Tax Margin(%) -17.24 -84.11 -81.1 -33.51 -20.48 -23.56 -65.44 -27.96 3.67 8.66 -6.73
PAT Margin (%) -17.25 -84.12 -81.2 -33.56 -20.48 -23.56 -65.44 -27.96 3.67 7.65 -6.73
Cash Profit Margin (%) -15.4 -81.42 -74.01 -27.29 -16.63 -19.35 -62.17 -22.39 7.32 9.29 -5.25
ROA(%) -7.07 -33.49 -16.8 -9.01 -9.32 -11.75 -41.27 -13.63 1.81 7.6 -6.15
ROE(%) -19.17 -139.99 -526.1 0 0 0 0 0 0 0 0
ROCE(%) -3.43 -44.88 -21.06 -9.03 -10.95 -17.61 -108.08 -128.37 0 0 0
Receivable days 79.24 130.91 455.39 398.18 264.77 253.53 151.12 80.78 49.1 69.63 107.55
Inventory Days 155.03 95.31 54.99 59.95 35.72 17.7 4.9 11.37 37.87 43.41 54.15
Payable days 252.36 147.25 296.08 185.29 150.69 174.73 227.68 371.65 362.02 251.06 270.03
PER(x) 0 0 0 0 0 0 0 0 0 2.89 0
Price/Book(x) 0.05 0.27 -0.55 -0.14 -0.09 -0.18 -0.03 -0.02 -0.03 -0.14 -0.19
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.57 1.26 3.42 3.21 1.94 1.85 1.56 2.47 2.99 1.58 1.59
EV/Core EBITDA(x) -14.92 -2.42 -5.9 -20.06 -16.77 -12.35 -2.85 -13.75 25.36 16.17 -50.71
Net Sales Growth(%) -40.82 -16.13 -63.37 8.89 71.52 8.11 8.24 -44.79 -23.19 109.47 1.11
EBIT Growth(%) -150.02 -1040.26 66.23 63.99 -10.61 -36.1 -238.11 78.9 126.58 233.51 -136.1
PAT Growth(%) -6113.82 -297.21 65.07 54.05 -1.65 -23.72 -192.57 76.41 110.08 336.79 -189
EPS Growth(%) -6113.82 -297.21 65.07 54.05 -1.65 -23.72 -192.57 76.41 55.81 185.65 -223.7
Debt/Equity(x) 0.98 5.73 -12.58 -5.32 -3.4 -2.3 -1.17 -0.98 -0.9 -0.94 -0.86
Current Ratio(x) 1.29 0.92 0.71 0.65 0.59 0.57 0.31 0.27 0.23 0.35 0.3
Quick Ratio(x) 1.03 0.88 0.67 0.6 0.56 0.56 0.31 0.26 0.2 0.29 0.24
Interest Cover(x) -0.45 -8.67 -6.56 -2.13 -2.83 -4.34 -15.49 -5.26 1.82 3.02 -2.19
Total Debt/Mcap(x) 19.55 21.4 22.93 38.22 39.4 13.03 39.23 42.74 27.62 6.77 4.53

Zenith Steel Pipes Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 15.64 15.64 15.64 15.64 15.64 15.64 15.64 15.64 15.64 15.64
FII 0 0 0 0 0 0 0 0 0 0
DII 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.19 0.12 0.08
Public 84.07 84.07 84.07 84.07 84.07 84.07 84.07 84.16 84.24 84.28
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at -0.4 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 15.64%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 251.06 to 270.03days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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