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5318

Zenith Steel Pipes & IndustriesBSE:531845 Stock Report

Market Cap

₹138.0m

7D

-4.0%

1Y

1.0%

Updated

16 Oct, 2021

Data

Company Financials
531845 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health0/6
Dividends0/6

531845 Overview

Zenith Steel Pipes & Industries Limited manufactures and sells steel pipes in India.

Price History & Performance

Summary of all time highs, changes and price drops for Zenith Steel Pipes & Industries
Historical stock prices
Current Share Price₹0.97
52 Week High₹0.56
52 Week Low₹1.41
Beta0.25
1 Month Change-11.01%
3 Month Change-21.14%
1 Year Change1.04%
3 Year Change34.72%
5 Year Change59.02%
Change since IPO29.33%

Recent News & Updates

Shareholder Returns

531845IN Metals and MiningIN Market
7D-4.0%6.6%2.3%
1Y1.0%150.3%68.3%

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.

Price Volatility

Is 531845's price volatile compared to industry and market?
531845 volatility
531845 Beta0.25
Industry Beta1.22
Market Beta1

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

FoundedEmployeesCEOWebsite
1960202Minal Potehttps://www.zenithsteelpipes.com

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

How do Zenith Steel Pipes & Industries's earnings and revenue compare to its market cap?
531845 fundamental statistics
Market Cap₹138.01m
Earnings (TTM)₹57.57m
Revenue (TTM)₹830.48m

2.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
531845 income statement (TTM)
Revenue₹830.48m
Cost of Revenue₹447.05m
Gross Profit₹383.43m
Expenses₹325.86m
Earnings₹57.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin46.17%
Net Profit Margin6.93%
Debt/Equity Ratio-81.2%

How did 531845 perform over the long term?

See historical performance and comparison

Valuation

Is Zenith Steel Pipes & Industries undervalued compared to its fair value and its price relative to the market?

>50%

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.


Future Growth

How is Zenith Steel Pipes & Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-12.1%

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.


Past Performance

How has Zenith Steel Pipes & Industries performed over the past 5 years?

27.0%

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.


Financial Health

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).


Balance Sheet


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.7yrs

Average management tenure


CEO

Minal Pote (46 yo)

2.08yrs

Tenure

₹250,000

Compensation

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.


Leadership Team

Experienced Management: 531845's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: 531845's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

Zenith Steel Pipes & Industries Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Zenith Steel Pipes & Industries Limited
  • Dalamal House
  • 1st Floor
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 12:05
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.