Zenith Steel Pipes & Industries Limited (ZENITHSTL) Fair Value & Analysis
Basic Materials · IN · Market cap ₹807M
Fair value as of: Jul 3, 2026
From 8 valuation models · updated today
Share price −2.9% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹4.65 – ₹9.99 · fair‑value band ₹3.93 – ₹6.55 · the ₹5.67 price screens above the ₹5.24 fair value. As of Jul 3, 2026.
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Zenith Steel Pipes & Industries Limited (ZENITHSTL) currently trades at ₹5.67, while our model-based Fair Value estimate is ₹5.24 — implying the stock looks roughly 7.6% overvalued today. We read business quality at 35/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, Zenith Steel Pipes & Industries Limited generated revenue of ₹534M at a net margin of 8.2%. Revenue declined 54.5% year over year. Net debt stands at ₹2.2B. The stock trades on a trailing P/E of 18.3. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Zenith Steel Pipes & Industries Limited, together with its subsidiaries, manufactures and sells steel pipes in India and internationally. It offers electric resistance welded black and galvanized pipes; and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, sprinklers, drill rods, bore-well, construction water distribution, space frames, fences, firefighting and chilled water systems, structural scaffolding and props, green house, industrial general engineering, container making, distribution of gas and crude, transportation of raw and potable water, poles, transmission tower, transportation of oil and gas, transportation of sewage disposal irrigation, piling, ash/slurry transportation, and electricity conduits, as well as the auto industry. It also exports its products to approximately 79 countries, including the United States. The company was formerly known as Zenith Birla (India) …
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Zenith Steel Pipes & Industries Limited reported revenue of ₹534M in FY2026 versus ₹1.5B in FY2022, a compound −22.8%/yr. Reported net income was ₹43.8M in FY2026, compounding −21.6%/yr from FY2022.
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Similar stocks
6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $22.20 | $11.06 | -50% |
| Nucor Corporation NUE | $250.49 | $79.02 | -68% |
| ArcelorMittal S.A ARMT34 | R$172.80 | R$119.18 | -31% |
| JSW Steel Limited JSWSTEEL | ₹1,242 | ₹1,140 | -8% |
| Baoshan Iron & Steel Co 600019 | ¥5.75 | ¥8.07 | +40% |
| China Steel Corporation 2002A | 38.25 TWD | 9.37 TWD | -76% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.