Zenith Steel Pipes & Industries Limited manufactures and sells steel pipes in India.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹0.97|
|52 Week High||₹0.56|
|52 Week Low||₹1.41|
|1 Month Change||-11.01%|
|3 Month Change||-21.14%|
|1 Year Change||1.04%|
|3 Year Change||34.72%|
|5 Year Change||59.02%|
|Change since IPO||29.33%|
Recent News & Updates
|531845||IN Metals and Mining||IN Market|
Return vs Industry: 531845 underperformed the Indian Metals and Mining industry which returned 150.3% over the past year.
Return vs Market: 531845 underperformed the Indian Market which returned 68.3% over the past year.
Stable Share Price: Insufficient data to determine 531845's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine 531845's volatility change over the past year.
About the Company
Zenith Steel Pipes & Industries Limited manufactures and sells steel pipes in India. It offers electric resistance welded black, galvanized, and helical submerged arc welded pipes. The company’s products are used for various applications, such as agriculture and irrigation water distribution, bore-well, chilled water systems, green house, electricity conduits, sprinklers, construction water distribution, structural scaffolding and props, industrial general engineering, oil sector distribution of gas, poles, drill rods, firefighting systems, space frames, fences, container making, crude, transmission towers, piling, ash/slurry transportation, transportation of raw and potable water, and transportation of sewage disposal irrigation, as well as auto industry.
Zenith Steel Pipes & Industries Fundamentals Summary
|531845 fundamental statistics|
Is 531845 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|531845 income statement (TTM)|
|Cost of Revenue||₹447.05m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.40|
|Net Profit Margin||6.93%|
How did 531845 perform over the long term?See historical performance and comparison
Is Zenith Steel Pipes & Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 531845 (₹0.97) is trading below our estimate of fair value (₹8.9)
Significantly Below Fair Value: 531845 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 531845 is good value based on its PE Ratio (2.4x) compared to the Indian Metals and Mining industry average (12.6x).
PE vs Market: 531845 is good value based on its PE Ratio (2.4x) compared to the Indian market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 531845's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 531845 has negative assets, so we can't compare its PB Ratio to the IN Metals and Mining industry average.
How is Zenith Steel Pipes & Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zenith Steel Pipes & Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Zenith Steel Pipes & Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 531845 has high quality earnings.
Growing Profit Margin: 531845 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 531845 has become profitable over the past 5 years, growing earnings by 27% per year.
Accelerating Growth: 531845 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 531845 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (129.5%).
Return on Equity
High ROE: 531845's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Zenith Steel Pipes & Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 531845 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 531845 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 531845 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 531845's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 531845's debt is not well covered by operating cash flow (8%).
Interest Coverage: 531845's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Zenith Steel Pipes & Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 531845's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 531845's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 531845's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 531845's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 531845 is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 531845's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Minal Pote (46 yo)
Mrs. Minal Umesh Pote serves as Whole-Time Director at Zenith Steel Pipes & Industries Limited (formerly known as Zenith Birla (India) Limited) since August 14, 2019. She served as an Independent Director...
CEO Compensation Analysis
Compensation vs Market: Minal's total compensation ($USD3.33K) is below average for companies of similar size in the Indian market ($USD38.75K).
Compensation vs Earnings: Minal's compensation has been consistent with company performance over the past year.
Experienced Management: 531845's management team is seasoned and experienced (7.7 years average tenure).
Experienced Board: 531845's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.
Zenith Steel Pipes & Industries Limited's employee growth, exchange listings and data sources
- Name: Zenith Steel Pipes & Industries Limited
- Ticker: 531845
- Exchange: BSE
- Founded: 1960
- Industry: Steel
- Sector: Materials
- Market Cap: ₹138.012m
- Shares outstanding: 142.28m
- Website: https://www.zenithsteelpipes.com
Number of Employees
- Zenith Steel Pipes & Industries Limited
- Dalamal House
- 1st Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 12:05|
|End of Day Share Price||2021/10/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.