Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Sep
Source: Bse
Zenith Steel Pipes & Industries Limited (ZENITHSTL)
Small CapMetals stocks · Small cap · NSE
Zenith Steel Pipes & Industries Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 09:16 am ISTDetails
Quote21 Oct, 09:16 am IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 12:06 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
30Bearishfull bear SMA stack · SMA20 -7.3% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: 49
Sector 3M: -3.4% vs Nifty 500 -4.4%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ZENITHSTLD candles · FIT view-21.9%TODAY · PROVISIONALLatest price ₹5.07 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
+0.0%
RSI
41
MACD hist
-0.00
52W pos
11%
2026-10-21O ₹5.07H ₹5.07L ₹5.07C ₹5.07Vol 20 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ZENITHSTLNifty MetalNifty 500
- ZENITHSTL
- -6.5%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- -0.9 pp
Chart stats
19 Oct 2026- From 52W high
- -51.4%
- 52W range position
- 10%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.61x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹4.8 - ₹5.7
₹10.3
₹4.4 - ₹10.3
₹0.3
Latest completed session
20-session average
31.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED15
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -62.0% · PAT -54.2% YoY
Technical
Bearish30
Price trend and sector-relative-strength timing.
Valuation
Legacy model-104.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence57
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -62% YoY · PAT -54% YoY · margin expansion · operating leverage
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7.2 Cr | -62.0% | -36.4% |
| EBITDA | ₹-0.1 Cr | +97.3% | +95.4% |
| Operating margin | -1.7% | +2185 bps | +2127 bps |
| PAT | ₹0.4 Cr | -54.2% | -68.3% |
| PAT margin | 6.1% | +106 bps | -618 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 26.40
- P/B
- —
- EV/EBITDA
- —
- Market Cap
- 73.30Cr
Profitability
- ROE
- —
- ROCE
- 39.20%
- ROA
- 2.61%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -7.00%
- EPS 5Y
- 2.00%
- Revenue 3Y
- -31.00%
- EPS 3Y
- 30.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- -4.74×
- Altman Z
- -1.27
- Book Value
- -17.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 11/5
- OCF
- -1.09 Cr
- EPS TTM
- 0.28
Shareholding
- Promoter Hold
- 15.64%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 13%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 53.4-55.2% vs prev
Net Profit
₹ CrLatest: 4.4+1804.3% vs prev
Return on Equity
%No data
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~8.1% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 51% off 52W high · 15% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 1 Base / Transition
1M return
-10.0%
3M return
-6.5%
6M return
-26.2%
1Y return
-43.9%
RS 1D
+2
RS 20D
-28
Sector rank
#4
Industry rank
#14
Stage evidence
- Price is 11.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 74.09-0.55%
RS vs Nifty 50074
Valuation & peers
U-Score 15 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 15 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth6/25
Quality3/20
Balance Sheet4/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
-7
Raw sum
15
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
15/100 · legacy band OVERVALUED
Positive drivers
- Cash flow contributes 3/10 to the score.
- Balance sheet contributes 4/15 to the score.
- Growth contributes 6/25 to the score.
Main drags
- Altman Z is -1.3, in distress territory.
- Penalty bucket subtracts 7 points.
- Fair-value margin of safety is negative at -104.6%.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
26.4
PB
—
EV/EBITDA
—
ROE
—
ROCE
39.2%
FCF Yield
—
Debt/Equity
0.0
MoS
-104.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
15
Previous: 15
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-104.6%
Previous: -102.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
12
12
12
15
15
15
15
15
15
15
15
15
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
8.8
Growth-justified Value
₹2.48
-104.6% MoS
PEG
8.25
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PRAKASHSTL
Small
Prakash Steelage Limited
Mining
match 96
20
99.1
9.1%
-4075%
OVERVALUED
RAJMET
Small
Rajnandini Metal Limited
Mining
match 96
10
40.7
-0.2%
-1610%
OVERVALUED
SMLT
Small
Sarthak Metals Limited
Mining
match 93
17
21.9
3.8%
-469%
OVERVALUED
SHYAMCENT
Small
Shyam Century Ferrous Limited
Mining
match 92
32
7.4
1.1%
-310%
WATCHLIST
SAGARDEEP
Small
Sagardeep Alloys Limited
Mining
match 90
48
13.2
7.5%
+55%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Zenith Steel Pipes & Industries Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
57Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 20th percentile within Metals. Main check: results consistency is weak at 19/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
20th percentile
overall median 67 · Metals: 20th pctile, median 70 · Small: 23rd pctile, median 66
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
66
acceptable · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
19
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-1 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 15.6%.
- ▸0/4 latest quarters had positive YoY revenue growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Zenith Steel Pipes & Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Aug - Bhavika Sharma ceased as Independent Director; Aradhana Nayak appointed Additional Independent Director from 24 Aug 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Aug - Newspaper Publication for unaudited standalone and consolidated financial result for the quarter ended June 30, 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.