About Zenith Steel Pipes & Industries Limited
Data last updated:
Zenith Steel Pipes & Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 05 August 1960 and has been in existence for over 66 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29220MH1960PLC011773. Its GSTIN is 27AAACZ0103C1Z1 (Maharashtra). The company holds 8 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 531845 and NSE: ZENITHSTL.
The company has an authorised share capital of ₹155.5 Cr and a paid-up capital of ₹142.28 Cr. It was formerly known as Zenith Limited. It is led by directors including Minal Umesh Pote (Whole-Time Director) and Purushottam Digambar Sonavane.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 5th Floor Industry House 159 Churchgate Reclamation, Mumbai, Maharashtra, India – 400020.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹53.38 Cr, a decline of 55.2% compared to the previous year. For the same year it recorded a net profit of ₹3.15 Cr (net margin 5.9%) and EBITDA of -₹16.31 Cr (EBITDA margin -30.6%). Total assets are valued at ₹24.19 Cr (up 67.6% YoY).
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ZBIL. As per MCA filings, the company has open charges of ₹9,924.13 Cr and satisfied charges of ₹175.89 Cr on record. Court records list 154 cases involving the company, including 39 filed by the company and 115 filed against it; 24 cases are pending. The company has 87 deals on record (83 market trades, 3 funding rounds), with disclosed funding of ₹118.16 Cr; the latest was in January 2026. Its 6 peer companies in the Manufacturing industry (Pipes, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 4 smaller; the largest is M B Ispat Corporation Limited with revenue of ₹130.02 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 32 overdue payments to 20 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zenithsteelpipes.com.
Company details
Name history
Zenith Steel Pipes & Industries has undergone 4 name changes throughout its history. The current legal name is Zenith Steel Pipes & Industries Limited.
| Company Name | Status |
|---|---|
| Zenith Steel Pipes & Industries Limited | Current |
| Zenith Limited | Previous |
| Zenith Steel Pipes Limited | Previous |
| Zenith Birla (India) Limited | Previous |
CIN history
Zenith Steel Pipes & Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29220MH1960PLC011773, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29220MH1960PLC011773 | Current |
| U29220MH1960PLC011773 | Previous |
| U29220MH1960PTC011773 | Previous |
Contact details
Zenith Steel Pipes & Industries Limited's registered office is in Mumbai, Maharashtra. Its website is zenithsteelpipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Industry House 159 Churchgate Reclamation, Mumbai, Maharashtra, India – 400020
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Zenith Steel Pipes & Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Zenith Steel Pipes & Industries operates one associated brand: ZBIL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel pipes are manufactured by ZBIL in Karur, India. | zenithsteelpipes.com |
Business activity
The main business activity of Zenith Steel Pipes & Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Zenith Steel Pipes & Industries Limited, buy the company report.
Financials of Zenith Steel Pipes & Industries Limited
FY 2025-26 filings availableZenith Steel Pipes & Industries Limited reported revenue of ₹53.38 Cr (down 55.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 53.38 | 119 | 143 | 165 | 163 | 77.87 | 101 |
| Revenue growth | -55.2% | -16.9% | -13.2% | +1.1% | +109.5% | -23.2% | - |
| EBITDA | (16.31) | (5.50) | (0.48) | (15.53) | 14.22 | (17.97) | (30.73) |
| EBITDA margin | -30.6% | -4.6% | -0.3% | -9.4% | +8.7% | -23.1% | -30.3% |
| Profit before tax | 4.39 | 0.23 | (0.69) | (14.39) | 13.27 | (13.57) | (28.35) |
| Net profit | 3.15 | 0.48 | (0.46) | (14.41) | 3.76 | 2.86 | (28.35) |
| Net profit margin | +5.9% | +0.4% | -0.3% | -8.7% | +2.3% | +3.7% | -28.0% |
| EPS (₹) | 0.31 | 0.02 | (0.05) | (1.01) | 0.82 | (0.95) | (2.16) |
| Balance sheet | |||||||
| Total assets | 24.19 | 14.43 | (35.93) | (31.35) | (8.25) | (20.24) | 1.65 |
| Net worth | (249) | (257) | (257) | (256) | (242) | (254) | (251) |
| Total debt | 269 | 266 | 215 | 219 | 227 | 228 | 247 |
| Cash & bank | 1.53 | 3.33 | 1.09 | 5.88 | 3.60 | 3.49 | 2.77 |
| Net working capital | (41.01) | (51.51) | (102) | (97.19) | (49.86) | (64.97) | (62.81) |
| Cash flow | |||||||
| Cash from operations | (1.09) | 3.94 | 4.74 | 17.90 | (1.17) | 16.44 | 24.93 |
| Cash from investing | (1.13) | (1.56) | (2.47) | (3.24) | 7.71 | (0.65) | 14.06 |
| Cash from financing | 0.42 | (0.14) | (7.12) | (11.34) | (7.46) | (15.45) | (40.99) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.18 | 11.29 | 9.40 | 14.04 | 18.92 | 24.82 | 35.69 | 30.07 |
| Revenue growth (YoY) | -62.1% | -54.5% | -73.7% | -53.3% | -33.6% | - | - | - |
| Other income | 1.66 | 5.09 | 6.22 | 7.27 | 6.53 | 6.12 | 0.94 | 1.26 |
| EBITDA | (0.14) | (2.62) | (3.62) | (5.46) | (4.47) | (2.23) | (0.02) | (0.60) |
| EBITDA margin | -1.9% | -23.2% | -38.5% | -38.9% | -23.6% | -9.0% | -0.1% | -2.0% |
| Depreciation | 0.48 | 0.48 | 0.49 | 0.47 | 0.49 | 0.49 | 0.49 | 0.49 |
| Interest | 0.61 | 0.60 | 0.64 | 0.63 | 0.62 | 0.62 | 0.63 | 0.62 |
| Profit before tax | 0.43 | 1.39 | 1.47 | 0.71 | 0.95 | 2.78 | (0.20) | (0.45) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.43 | 1.39 | 1.47 | 0.71 | 0.95 | 2.78 | (0.20) | (0.45) |
| EPS (₹) | 0.03 | 0.10 | 0.10 | 0.05 | 0.07 | 0.20 | (0.01) | (0.03) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 49.97 | 119 | 143 | 164 | 146 | 64.75 | 61.64 |
| Revenue growth | -58.0% | -16.9% | -12.7% | +12.2% | +125.8% | +5.1% | - |
| EBITDA | (17.59) | (5.50) | (0.46) | (1.10) | 2.53 | (20.57) | (24.76) |
| EBITDA margin | -35.2% | -4.6% | -0.3% | -0.7% | +1.7% | -31.8% | -40.2% |
| Profit before tax | 3.11 | 0.23 | (0.67) | 0.34 | 1.56 | (20.95) | (27.98) |
| Net profit | 1.87 | 0.48 | (0.44) | 0.32 | (7.95) | (4.52) | (27.98) |
| Net profit margin | +3.7% | +0.4% | -0.3% | +0.2% | -5.4% | -7.0% | -45.4% |
| EPS (₹) | 0.22 | 0.02 | (0.05) | 0.02 | (0.01) | (1.47) | (2.13) |
| Balance sheet | |||||||
| Total assets | 21.10 | 16.51 | (33.91) | (29.37) | (20.59) | (20.62) | 7.19 |
| Net worth | (247) | (250) | (251) | (250) | (250) | (250) | (240) |
| Total debt | 264 | 261 | 211 | 215 | 224 | 224 | 242 |
| Cash & bank | 1.17 | 3.33 | 1.09 | 5.86 | 3.16 | 3.27 | 2.33 |
| Net working capital | (44.13) | (49.45) | (100) | (95.23) | (62.24) | (65.36) | (59.87) |
| Cash flow | |||||||
| Cash from operations | (0.94) | 4.05 | 4.83 | 18.07 | (1.66) | 14.54 | 25.54 |
| Cash from investing | (1.19) | (1.56) | (2.47) | (3.24) | 7.71 | (0.65) | 14.06 |
| Cash from financing | (0.04) | (0.25) | (7.17) | (11.09) | (7.19) | (13.33) | (40.15) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.07 | 8.53 | 8.77 | 13.76 | 18.92 | 24.82 | 35.69 | 30.07 |
| Revenue growth (YoY) | -62.6% | -65.6% | -75.4% | -54.2% | -33.6% | - | - | - |
| Other income | 1.66 | 5.09 | 6.22 | 7.27 | 6.53 | 6.12 | 0.94 | 1.26 |
| Total expenses | 7.31 | 12.17 | 12.64 | 19.37 | 23.39 | 27.05 | 35.71 | 30.67 |
| EBITDA | (0.24) | (3.64) | (3.87) | (5.61) | (4.47) | (2.23) | (0.02) | (0.60) |
| EBITDA margin | -3.4% | -42.7% | -44.1% | -40.8% | -23.6% | -9.0% | -0.1% | -2.0% |
| Depreciation | 0.48 | 0.48 | 0.49 | 0.47 | 0.49 | 0.49 | 0.49 | 0.49 |
| Interest | 0.61 | 0.60 | 0.64 | 0.63 | 0.62 | 0.62 | 0.63 | 0.62 |
| Profit before tax | 0.33 | 0.37 | 1.22 | 0.56 | 0.95 | 2.78 | (0.20) | (0.45) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.18 | 11.29 | 9.40 | 14.04 | 18.92 | 24.82 | 35.69 | 30.07 |
| Revenue growth (YoY) | -62.1% | -54.5% | -73.7% | -53.3% | -33.6% | - | - | - |
| Other income | 1.66 | 5.09 | 6.22 | 7.27 | 6.53 | 6.12 | 0.94 | 1.26 |
| EBITDA | (0.14) | (2.62) | (3.62) | (5.46) | (4.47) | (2.23) | (0.02) | (0.60) |
| EBITDA margin | -1.9% | -23.2% | -38.5% | -38.9% | -23.6% | -9.0% | -0.1% | -2.0% |
| Depreciation | 0.48 | 0.48 | 0.49 | 0.47 | 0.49 | 0.49 | 0.49 | 0.49 |
| Interest | 0.61 | 0.60 | 0.64 | 0.63 | 0.62 | 0.62 | 0.63 | 0.62 |
| Profit before tax | 0.43 | 1.39 | 1.47 | 0.71 | 0.95 | 2.78 | (0.20) | (0.45) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.43 | 1.39 | 1.47 | 0.71 | 0.95 | 2.78 | (0.20) | (0.45) |
| EPS (₹) | 0.03 | 0.10 | 0.10 | 0.05 | 0.07 | 0.20 | (0.01) | (0.03) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 53.38 | 119 | 143 | 165 | 163 | 77.87 | 101 |
| Revenue growth | -55.2% | -16.9% | -13.2% | +1.1% | +109.5% | -23.2% | - |
| Other income | 25.10 | 10.16 | 5.29 | 7.07 | 8.71 | 10.71 | 12.56 |
| Total expenses | 69.69 | 125 | 144 | 180 | 149 | 95.84 | 132 |
| Employee cost | 0.00 | 5.14 | 6.16 | 8.27 | 8.02 | 7.66 | 9.18 |
| EBITDA | (16.31) | (5.50) | (0.48) | (15.53) | 14.22 | (17.97) | (30.73) |
| EBITDA margin | -30.6% | -4.6% | -0.3% | -9.4% | +8.7% | -23.1% | -30.3% |
| Depreciation | 1.92 | 1.95 | 2.58 | 2.45 | 2.67 | 2.84 | 5.65 |
| Interest | 2.48 | 2.48 | 2.92 | 3.48 | 6.99 | 3.47 | 4.53 |
| Profit before tax | 4.39 | 0.23 | (0.69) | (14.39) | 13.27 | (13.57) | (28.35) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 1.65 | 0.00 | 0.00 |
| Net profit | 3.15 | 0.48 | (0.46) | (14.41) | 3.76 | 2.86 | (28.35) |
| Net profit margin | +5.9% | +0.4% | -0.3% | -8.7% | +2.3% | +3.7% | -28.0% |
| EPS (₹) | 0.31 | 0.02 | (0.05) | (1.01) | 0.82 | (0.95) | (2.16) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 142 | 142 | 142 | 142 | 142 | 142 | 131 |
| Reserves & surplus | (391) | (399) | (399) | (398) | (384) | (396) | (383) |
| Shareholders' funds (net worth) | (249) | (257) | (257) | (256) | (242) | (254) | (251) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 159 | 173 | 169 | 189 | 193 | 197 | 205 |
| Unsecured loans | 110 | 92.39 | 46.30 | 30.79 | 34.91 | 30.88 | 41.82 |
| Total debt | 269 | 266 | 215 | 219 | 227 | 228 | 247 |
| Total liabilities | 24.19 | 14.43 | (35.93) | (31.35) | (8.25) | (20.24) | 1.65 |
| Assets | |||||||
| Gross block | 154 | 154 | 154 | 152 | 150 | 151 | 151 |
| Net block | 40.02 | 41.81 | 43.61 | 44.64 | 44.38 | 48.02 | 65.86 |
| Capital work in progress | 1.29 | 1.20 | 0.82 | 0.99 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Inventories | 5.95 | 7.79 | 19.86 | 20.94 | 27.99 | 10.81 | 5.35 |
| Sundry debtors | 57.12 | 56.56 | 59.08 | 47.09 | 50.11 | 12.13 | 8.82 |
| Cash & bank balances | 1.53 | 3.33 | 1.09 | 5.88 | 3.60 | 3.49 | 2.77 |
| Loans & advances | 19.09 | 19.88 | 30.32 | 24.10 | 64.06 | 59.73 | 93.45 |
| Total current assets | 83.69 | 87.56 | 110 | 98.01 | 146 | 86.16 | 110 |
| Total current liabilities | 125 | 139 | 213 | 195 | 196 | 151 | 173 |
| Net working capital | (41.01) | (51.51) | (102) | (97.19) | (49.86) | (64.97) | (62.81) |
| Total assets | 24.19 | 14.43 | (35.93) | (31.35) | (8.25) | (20.24) | 1.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.89 | 0.71 | 5.27 | 1.95 | 2.87 | 2.53 | 4.53 |
| Net cash from operating activities | (1.09) | 3.94 | 4.74 | 17.90 | (1.17) | 16.44 | 24.93 |
| Net cash from investing activities | (1.13) | (1.56) | (2.47) | (3.24) | 7.71 | (0.65) | 14.06 |
| Net cash from financing activities | 0.42 | (0.14) | (7.12) | (11.34) | (7.46) | (15.45) | (40.99) |
| Net change in cash | (1.81) | 2.24 | (4.84) | 3.32 | (0.92) | 0.34 | (1.99) |
| Closing cash | 1.53 | 3.33 | 1.09 | 5.88 | 3.60 | 3.49 | 2.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -55.2% | -16.9% | -13.2% | +1.1% | +109.5% | -23.2% | - |
| EBITDA growth | -196.6% | -1045.8% | +96.9% | -209.2% | +179.1% | +41.5% | - |
| PBT growth | +1808.7% | +9998.0% | +95.2% | - | +9998.0% | +52.1% | +76.4% |
| Net income growth | +556.3% | +204.4% | +96.8% | -483.2% | +31.5% | +110.1% | - |
| Revenue CAGR (3Y) | -31.3% | -10.0% | +22.5% | +17.6% | -3.9% | -22.9% | -13.6% |
| EBITDA CAGR (3Y) | +1.7% | - | -70.1% | -20.4% | - | -25.1% | +17.0% |
| Profitability & leverage | |||||||
| Net income margin | +8.2% | +0.2% | -0.5% | -8.7% | +7.1% | -17.4% | -28.0% |
| Return on capital employed | - | +1.2% | 0.0% | 0.0% | +5.0% | 0.0% | 0.0% |
| Return on net worth | - | +1.8% | 0.0% | 0.0% | +11.7% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -13.60 | -33.29 | -95.42 | -19.35 | 60.52 | -16.67 | -12.45 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.77 | 0.94 | 1.09 | 1.08 | 0.52 | 0.67 |
| Inventory turnover | - | 8.61 | 7.02 | 6.74 | 8.41 | 9.64 | 32.08 |
| Debtors turnover | - | 2.06 | 2.70 | 3.39 | 5.24 | 7.43 | 4.52 |
| EPS (₹) | 0.31 | 0.02 | (0.05) | (1.01) | 0.82 | (0.95) | (2.16) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (18.05) | (18.05) | (18.00) | (17.00) | (17.83) | (19.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.07 | 8.53 | 8.77 | 13.76 | 18.92 | 24.82 | 35.69 | 30.07 |
| Revenue growth (YoY) | -62.6% | -65.6% | -75.4% | -54.2% | -33.6% | - | - | - |
| Other income | 1.66 | 5.09 | 6.22 | 7.27 | 6.53 | 6.12 | 0.94 | 1.26 |
| Total expenses | 7.31 | 12.17 | 12.64 | 19.37 | 23.39 | 27.05 | 35.71 | 30.67 |
| EBITDA | (0.24) | (3.64) | (3.87) | (5.61) | (4.47) | (2.23) | (0.02) | (0.60) |
| EBITDA margin | -3.4% | -42.7% | -44.1% | -40.8% | -23.6% | -9.0% | -0.1% | -2.0% |
| Depreciation | 0.48 | 0.48 | 0.49 | 0.47 | 0.49 | 0.49 | 0.49 | 0.49 |
| Interest | 0.61 | 0.60 | 0.64 | 0.63 | 0.62 | 0.62 | 0.63 | 0.62 |
| Profit before tax | 0.33 | 0.37 | 1.22 | 0.56 | 0.95 | 2.78 | (0.20) | (0.45) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 49.97 | 119 | 143 | 164 | 146 | 64.75 | 61.64 |
| Revenue growth | -58.0% | -16.9% | -12.7% | +12.2% | +125.8% | +5.1% | - |
| Other income | 25.10 | 10.16 | 5.29 | 7.07 | 8.28 | 5.46 | 6.35 |
| Total expenses | 67.56 | 125 | 144 | 165 | 144 | 85.32 | 86.40 |
| Employee cost | 0.00 | 5.14 | 6.16 | 8.13 | 7.07 | 6.35 | 7.73 |
| EBITDA | (17.59) | (5.50) | (0.46) | (1.10) | 2.53 | (20.57) | (24.76) |
| EBITDA margin | -35.2% | -4.6% | -0.3% | -0.7% | +1.7% | -31.8% | -40.2% |
| Depreciation | 1.92 | 1.95 | 2.58 | 2.45 | 2.67 | 2.84 | 5.65 |
| Interest | 2.48 | 2.48 | 2.92 | 3.18 | 6.58 | 3.00 | 3.92 |
| Profit before tax | 3.11 | 0.23 | (0.67) | 0.34 | 1.56 | (20.95) | (27.98) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 1.65 | 0.00 | 0.00 |
| Net profit | 1.87 | 0.48 | (0.44) | 0.32 | (7.95) | (4.52) | (27.98) |
| Net profit margin | +3.7% | +0.4% | -0.3% | +0.2% | -5.4% | -7.0% | -45.4% |
| EPS (₹) | 0.22 | 0.02 | (0.05) | 0.02 | (0.01) | (1.47) | (2.13) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 142 | 142 | 142 | 142 | 142 | 142 | 131 |
| Reserves & surplus | (390) | (393) | (393) | (392) | (393) | (393) | (372) |
| Shareholders' funds (net worth) | (247) | (250) | (251) | (250) | (250) | (250) | (240) |
| Secured loans | 159 | 173 | 169 | 189 | 193 | 197 | 205 |
| Unsecured loans | 105 | 88.11 | 42.14 | 26.67 | 31.11 | 27.22 | 36.52 |
| Total debt | 264 | 261 | 211 | 215 | 224 | 224 | 242 |
| Total liabilities | 21.10 | 16.51 | (33.91) | (29.37) | (20.59) | (20.62) | 7.19 |
| Assets | |||||||
| Gross block | 154 | 154 | 154 | 152 | 150 | 151 | 151 |
| Net block | 40.02 | 41.81 | 43.61 | 44.64 | 44.38 | 48.02 | 65.87 |
| Capital work in progress | 1.29 | 1.20 | 0.82 | 0.99 | 0.00 | 0.00 | 0.00 |
| Investments | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 2.61 |
| Inventories | 5.95 | 7.79 | 19.86 | 20.94 | 27.99 | 10.81 | 5.35 |
| Sundry debtors | 49.27 | 53.13 | 55.74 | 43.79 | 29.80 | 5.72 | 10.35 |
| Cash & bank balances | 1.17 | 3.33 | 1.09 | 5.86 | 3.16 | 3.27 | 2.33 |
| Loans & advances | 19.09 | 19.80 | 30.24 | 24.02 | 56.61 | 49.28 | 73.95 |
| Total current assets | 75.48 | 84.05 | 107 | 94.61 | 118 | 69.08 | 91.98 |
| Total current liabilities | 120 | 134 | 207 | 190 | 180 | 134 | 152 |
| Net working capital | (44.13) | (49.45) | (100) | (95.23) | (62.24) | (65.36) | (59.87) |
| Total assets | 21.10 | 16.51 | (33.91) | (29.37) | (20.59) | (20.62) | 7.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.89 | 0.71 | 5.25 | 1.51 | 2.66 | 2.09 | 2.64 |
| Net cash from operating activities | (0.94) | 4.05 | 4.83 | 18.07 | (1.66) | 14.54 | 25.54 |
| Net cash from investing activities | (1.19) | (1.56) | (2.47) | (3.24) | 7.71 | (0.65) | 14.06 |
| Net cash from financing activities | (0.04) | (0.25) | (7.17) | (11.09) | (7.19) | (13.33) | (40.15) |
| Net change in cash | (2.16) | 2.24 | (4.81) | 3.73 | (1.14) | 0.56 | (0.55) |
| Closing cash | 1.17 | 3.33 | 1.09 | 5.86 | 3.16 | 3.27 | 2.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -58.0% | -16.9% | -12.7% | +12.2% | +125.8% | +5.1% | - |
| EBITDA growth | -219.8% | -1095.7% | +58.2% | -143.5% | +112.3% | +16.9% | - |
| PBT growth | +1252.2% | +9998.0% | - | -78.2% | +9998.0% | +25.1% | +76.6% |
| Net income growth | +289.6% | +209.1% | -237.5% | +104.0% | -75.9% | +83.9% | - |
| Revenue CAGR (3Y) | -32.7% | -6.6% | +30.3% | +38.6% | +1.7% | -20.4% | -10.5% |
| EBITDA CAGR (3Y) | +151.9% | - | -71.8% | -64.6% | - | -21.9% | +5.9% |
| Profitability & leverage | |||||||
| Net income margin | +6.2% | +0.2% | -0.5% | +0.2% | -0.1% | -32.4% | -45.4% |
| Return on capital employed | - | +1.2% | 0.0% | +2.6% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +1.4% | 0.0% | +0.9% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -12.71 | -33.29 | -96.05 | -89.58 | -4,700.00 | -12.82 | -12.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.77 | 0.94 | 1.09 | 0.97 | 0.43 | 0.41 |
| Inventory turnover | - | 8.61 | 7.02 | 6.71 | 7.53 | 8.01 | 19.51 |
| Debtors turnover | - | 2.19 | 2.88 | 4.46 | 8.23 | 8.06 | 2.59 |
| EPS (₹) | 0.22 | 0.02 | (0.05) | 0.02 | (0.01) | (1.47) | (2.13) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (17.60) | (17.62) | (17.57) | (17.60) | (17.60) | (18.31) |
To see the full year-wise statements and ratios of Zenith Steel Pipes & Industries Limited, buy the company report.
Board of directors of Zenith Steel Pipes & Industries Limited
Zenith Steel Pipes & Industries has 6 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purushottam Digambar Sonavane Also directs: Birla Viking Travels Limited | Director | 29 Mar 2019 | 7 Years 6 Months | Current |
| Sadhana Avinash Patil Also directs: Erene Microorganic Chemicals Private Limited, Birla Electricals Limited, Birla Viking Travels Limited and 1 more | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
| Minal Umesh Pote | Whole-Time Director | 14 Aug 2019 | 7 Years 2 Months | Current |
| Pramod Shivaji Bhosale Also directs: Secur Staffing Services Private Limited | Director | 13 Mar 2020 | 6 Years 7 Months | Current |
| Bhavika Sharma Also directs: Ok Play India Limited, Career Point Edutech Limited | Director | 24 Aug 2020 | 6 Years 2 Months | Current |
| Ganesh Ramesh Mahendrakar | Director | 15 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Zenith Steel Pipes & Industries Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Pipes, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M B Ispat Corporation Limited | ₹130.02 Cr (FY 2025) | -12.0% | Kolkata, West Bengal, India | |||
| Hamco Power Ventures Private Limited | ₹129.69 Cr (FY 2025) | -33.0% | Jalandhar, Punjab, India | |||
| Sidhi Vinayak Metcom Limited | ₹129.19 Cr (FY 2025) | 2.0% | Jamshedpur, Jharkhand, India | |||
| Steel Max Rolling Mills Limited | ₹129.14 Cr (FY 2025) | 32.0% | Palghat, Kerala, India | |||
| Walzen Strips Private Limited | ₹129.14 Cr (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Mav Steels Private Limited | ₹129.12 Cr (FY 2025) | 42.0% | Delhi, India | |||
| Zenith Steel Pipes & Industries Limitedthis company | ₹53.38 Cr (FY 2026) | ₹3.15 Cr | 5.9% | -55.2% | 20 | Mumbai, Maharashtra, India |
To see the full peer comparison of Zenith Steel Pipes & Industries Limited, buy the company report.
Auditor
Zenith Steel Pipes & Industries Limited is audited by C K S P AND CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K S P AND CO LLP | FY 2023 | 131228W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 15.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 84.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 15.60% | 15.60% | 15.60% | 15.60% |
| Public | 84.40% | 84.40% | 84.40% | 84.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2015 | 10575436 | Punjab and Maharashtra Co-Operative Bank Limited | ₹55 Cr | Open | |
| 27 Oct 2012 | 10393326 | Hdfc Bank Limited | ₹26.5 Lakh | Open | |
| 16 Jul 2012 | 10367490 | Hdfc Bank Limited | ₹20.8 Lakh | Open | |
| 30 Mar 2012 | 10355704 | Others | ₹17.3 Cr | Open | |
| 22 Dec 2011 | 10327605 | Sbi Global Factors Limited | ₹30 Cr | Open |
To see the full charge records of Zenith Steel Pipes & Industries Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Zenith Steel Pipes & Industries Limited has 87 deals on record (83 market trades, 3 funding rounds), with disclosed funding of ₹118.16 Cr; the latest was in January 2026.
Deals on record (5 of 87)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹76 Lakh | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Jun 2025 | Market trade | ₹65.1 Lakh | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Apr 2024 | Market trade | ₹80.7 Lakh | Buyer: Hi-Growth Corporate Services Private Limited Seller: Hi-Growth Corporate Services Private Limited |
| Oct 2023 | Market trade | ₹53.8 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited |
| May 2022 | Market trade | ₹1.47 Cr | Buyer: Alpha Leon Enterprises LLP Seller: Alpha Leon Enterprises LLP |
To see the full deal history of Zenith Steel Pipes & Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zenith Steel Pipes & Industries Limited has 154 court cases on record: 39 filed by Zenith Steel Pipes & Industries, 115 filed against it. 24 cases are pending and 130 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 61 | 50 | 16 |
| NCLT | 57 | 49 | 0 |
| High courts | 34 | 15 | 6 |
| Supreme Court | 1 | 1 | 1 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 154)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Hazel Mercantile Limited Through Its Director Authorized Representative Kunal Sharma | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Supreme Engineering Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Ajs Impex Pvt Ltd Through Its Authorized Person Mrs Jayshree Pandit | Pending |
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Asian Distributors Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Progressive Trafin Pvt Ltd and 38 others | Pending |
To see the full case history of Zenith Steel Pipes & Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Zenith Steel Pipes & Industries Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 32 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sar Transport Systems Private Limited | |||
| an individual supplier | |||
| Dotsmark Systems India Limited | |||
| an individual supplier |
To see the full MSME payment records of Zenith Steel Pipes & Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Zenith Steel Pipes & Industries Limited has a workforce of 20 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Zenith Steel Pipes & Industries has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ0103C1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACZ0103C1Z8 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zenith Steel Pipes & Industries Limited, buy the company report.
Recent activity
Zenith Steel Pipes & Industries Limited has 72 board changes on record since 1988: 39 appointments and 33 cessations. The latest: Ganesh Ramesh Mahendrakar was appointed as Director on 15 Jul 2023.
183 earlier events are in the company report.
Frequently asked questions
Zenith Steel Pipes & Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 05 August 1960 (66+ years old) and is registered under CIN L29220MH1960PLC011773. Listed on BSE: 531845 and NSE: ZENITHSTL.
Zenith Steel Pipes & Industries reported revenue of ₹53.38 Cr for FY 2025-26 (down 55.2% YoY) based on consolidated financials.
Zenith Steel Pipes & Industries has 6 current directors:
- Minal Umesh Pote - Whole-Time Director
- Purushottam Digambar Sonavane - Director
- Sadhana Avinash Patil - Director
- Pramod Shivaji Bhosale - Director
- Bhavika Sharma - Director
- Ganesh Ramesh Mahendrakar - Director
The latest financial statements of Zenith Steel Pipes & Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zenith Steel Pipes & Industries is 27AAACZ0103C1Z1, registered in Maharashtra. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 33AAACZ0103C1Z8 (Tamil Nadu).
The CIN (Corporate Identification Number) of Zenith Steel Pipes & Industries is L29220MH1960PLC011773. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Zenith Steel Pipes & Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 531845) and NSE (symbol: ZENITHSTL).
Zenith Steel Pipes & Industries has 154 court cases on record: 39 filed by the company and 115 filed against it. 24 are pending. Most are in the district courts.
Zenith Steel Pipes & Industries was incorporated on 05 August 1960, making it 66+ years old. It is registered with the Registrar of Companies, Mumbai.
Zenith Steel Pipes & Industries has 87 deals on record (83 market trades, 3 funding rounds), with disclosed funding of ₹118.16 Cr; the latest was in January 2026.
The peers of Zenith Steel Pipes & Industries by revenue are M B Ispat Corporation Limited, Hamco Power Ventures Private Limited, Sidhi Vinayak Metcom Limited, Steel Max Rolling Mills Limited, Walzen Strips Private Limited and 1 more, all in the Manufacturing industry (Pipes, Steel), with the same principal business activity (metal and metal products).
Ganesh Ramesh Mahendrakar was appointed as Director on 15 Jul 2023. Sandeep Kumar Sahu ceased to be Director on 17 Jan 2023. Kalpesh Balwantbhai Donga ceased to be Director on 12 Apr 2021. Zenith Steel Pipes & Industries has 72 board changes on record in total.