Zenith Steel Pipes & Industries Ltd.

NSE: ZENITHSTL BSE: 531845 SECTOR: Steel & Iron Products  20k   52   6

4.95
-0.10 (-1.98%)
NSE: Today, 03:49 PM

Price Summary

Today's High

₹ 5.15

Today's Low

₹ 4.85

52 Week High

₹ 12.7

52 Week Low

₹ 1.05

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

70.43 Cr.

Enterprise Value

290.92 Cr.

No. of Shares

14.23 Cr.

P/E

8.8

P/B

0

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  -17.44

CASH

3.16 Cr.

DEBT

223.66 Cr.

Promoter Holding

15.64 %

EPS (TTM)

₹  0.56

Sales Growth

125.75%

ROE

0 %

ROCE

0%

Profit Growth

116.78 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year125.75%
3 Year1.7%
5 Year11.23%

Profit Growth

1 Year99.55%
3 Year25.98%
5 Year14.84%

ROE%

1 Year0%
3 Year0%
5 Year0%

ROCE %

1 Year0%
3 Year-33.71%
5 Year-44.38%

Debt/Equity

-0.893

Price to Cash Flow

-42.42

Interest Cover Ratio

1.3658451346259

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 15.64 0.2
Sep 2022 15.64 0
Jun 2022 15.64 0.2
Mar 2022 15.64 0.2
Dec 2021 15.64 0.2
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.0753444931620647.
  • The company has an efficient Cash Conversion Cycle of -119.256063886948 days.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.56957923236993.

 Limitations

  • The company has shown a poor revenue growth of 1.70217243859889% for the Past 3 years.
  • Company has a poor ROE of 0% over the past 3 years.
  • Company has a poor ROCE of -33.7109900125187% over the past 3 years
  • Company has contingent liabilities of 89.3977 Cr.
  • Company has negative cash flow from operations of -1.6601.
  • The company has a low EBITDA margin of -31.3226485788675% over the past 5 years.
  • The company has negative book value.
  • The company is trading at a high PE of 8.8.
  • The company is trading at a high EV/EBITDA of 51.842.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 39.98 31.56 52.58 57.47 51.36
Total Expenditure 36.83 36.1 51.39 55.95 54
Operating Profit 3.15 -4.54 1.19 1.52 -2.64
Other Income 0.03 2.91 0.97 0.81 5.39
Interest 4.26 0.79 0.79 0.01 1.46
Depreciation 0.45 0.59 0.6 0.6 0.62
Exceptional Items 0 0 7.86 0 0
Profit Before Tax -1.53 -3.01 8.63 1.72 0.67
Tax 1.65 0 0 0 0
Profit After Tax -3.18 -3.01 8.63 1.72 0.67
Adjusted EPS (Rs) -0.22 -0.21 0.61 0.12 0.05

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 128.56 138.95 61.64 64.75 146.17
Total Expenditure 171.18 249.99 86.41 68.88 143.46
Operating Profit -42.62 -111.04 -24.77 -4.13 2.7
Other Income 16.53 11.13 6.35 5.46 1.09
Interest 7.09 6.8 3.92 3 6.58
Depreciation 7.33 6.01 5.64 2.84 2.67
Exceptional Items -0.6 -6.59 0 0 7.86
Profit Before Tax -41.11 -119.31 -27.98 -4.51 2.41
Tax 0 0 0 0 1.65
Net Profit -41.11 -119.31 -27.98 -20.94 -0.1
Adjusted EPS (Rs.) -3.13 -9.09 -2.13 -0.32 0.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 131.28 131.28 131.28 142.28 142.28
Total Reserves -250.17 -362.59 -371.7 -392.73 -392.75
Borrowings 22.78 9.62 8.93 3.14 7.02
Other N/C liabilities 11.44 11.56 11.04 10.61 11.27
Current liabilities 425.08 444.72 384.52 355.58 390.8
Total Liabilities 340.41 234.59 164.08 118.88 158.62
Assets
Net Block 80.33 74.55 65.87 48.03 44.38
Capital WIP 12.78 14.44 0 0 0
Intangible WIP 0 0 0 0 0
Investments 2.61 2.61 2.61 0.02 0.02
Loans & Advances 3.97 3.63 3.62 1.75 2.28
Other N/C Assets 0 0 0 0 0
Current Assets 240.73 139.37 91.99 69.08 111.94
Total Assets 340.41 234.59 164.08 118.88 158.62
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -40.51 -112.72 -27.98 -20.94 -6.3
Adjustment 14.79 13.11 31.77 21.31 7.61
Changes in Assets & Liabilities 26.94 120.6 22.32 14.19 -2.97
Tax Paid 0 -0.26 -0.57 -0.02 0
Operating Cash Flow 1.22 20.73 25.54 14.54 -1.66
Investing Cash Flow 4.87 -0.11 14.29 -0.27 8.75
Financing Cash Flow -6.89 -20.47 -40.15 -13.33 -7.19
Net Cash Flow -0.79 0.15 -0.33 0.94 -0.11

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 15.64 15.64 15.64 15.64 15.64
birla bombay priva... 5.74 5.74 5.74 5.74 5.74
birla precision te... - 4.92 4.92 4.92 4.92
birla precision te... 4.92 - - - -
birla edutech limi... 2.81 - - - -
birla edutech - 2.81 2.81 2.81 2.81
nirved traders pvt... 1.93 1.93 1.93 1.93 1.93
asian distributors... 0.10 0.10 0.10 0.10 0.10
yash society 0.05 0.05 0.05 0.05 0.05
m/s birla internat... 0.03 0.03 0.03 0.03 0.03
matri seva sadan c... 0.02 0.02 0.02 0.02 0.02
shearson investmen... 0.02 0.02 0.02 0.02 0.02
birla industries g... 0.01 0.01 0.01 0.01 0.01
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 84.36 84.36 84.36 84.36 84.36
rajpal harbhajan s... - - - - -
hitesh ramji javeri 5.27 5.27 5.27 5.27 5.27
amarjeetsingh harb... 5.21 5.21 5.17 5.17 5.17
sanjay puranlal ag... 2.77 2.77 1.19 1.19 1.19
endogram leasing a... 2.76 2.76 2.76 - 2.76
new agro warehousi... 2.66 2.66 2.66 - 2.66
sunil talwar 1.86 1.86 1.86 1.86 1.86
overskud multi ass... 1.83 1.83 1.83 - 1.83
harsha hitesh jave... 1.76 1.76 1.76 1.76 1.76
vss metals private... 1.21 1.21 1.21 - 1.21
thiagarajan aravam... 1.07 1.07 1.07 1.07 1.07
punjabhai keshavbh... 1.06 1.06 - - -
birla infrastructu... 1.01 1.01 1.01 - 1.01
santhilal magesh 1.06 - - - -
magesh . - 1.06 1.06 1.06 1.06
iepf 0.48 0.48 0.48 - -
investor education... - - - 0.48 0.48

Annual Reports

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Zenith Steel Pipes Stock Price Analysis and Quick Research Report. Is Zenith Steel Pipes an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Zenith Steel Pipes has a PE ratio of 8.79843583362958 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Zenith Steel Pipes has ROA of 0.545083634626036 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Zenith Steel Pipes has a Current ratio of 0.286439063284849 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Zenith Steel Pipes has a ROE of 0 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Zenith Steel Pipes has a D/E ratio of -0.893 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Zenith Steel Pipes has an Inventory turnover ratio of 7.53472308136418 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Zenith Steel Pipes has reported revenue growth of 125.747394140078 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Zenith Steel Pipes for the current financial year is 1.84931544336774 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Zenith Steel Pipes is Rs 0 and the yield is 0 %.

Brief about Zenith Steel Pipes

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