Zenith Steel Pipes & Industries balance sheet

As of Mar 2026

Total assets: ₹154cr−3.0% on Mar 2025
Shareholders' equity: −₹249cr−₹257 cr in Mar 2025
Total debt: ₹220cr+2.4% on Mar 2025
Cash and investments: ₹1.1cr−63.5% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	39.9	41.7	43.6	44.5
	1.3	1.2	0.8	1.0
	0.0	0.0	0.0	0.0
	0.1	0.1	0.0	0.1
	0.0	0.0	0.0	0.0
	2.0	2.1	3.4	2.6
	2.0	2.1	3.4	2.6
	27.0	25.9	23.8	0.2
	70.3	71.0	71.6	48.4
	5.9	7.8	19.9	20.9
	57.1	56.5	59.1	47.1
	1.1	3.0	0.4	5.3
	0.4	0.4	0.7	0.6
	13.9	15.2	15.7	17.8
	—	3.7	0.0	0.0
	72.5	78.8	75.9	70.7
	4.2	0.0	13.6	26.8
	83.6	87.6	110	121
	154	159	182	169
Equity
	142	142	142	142
	−391	−399	−399	−398
	−249	−257	−257	−256
	−249	−257	−257	−256
Liabilities
	37.4	22.4	22.3	7.3
	37.4	22.4	22.3	7.3
	4.5	5.4	5.9	5.4
	5.0	5.0	5.0	5.0
	46.9	32.9	33.2	17.8
	183	193	193	212
	78.5	90.2	89.4	91.5
	48.4	46.1	43.7	41.3
	310	329	326	345
	0.8	0.4	0.6	0.8
	9.1	9.1	9.1	8.7
	36.3	44.1	69.9	52.8
	356	382	406	407
	403	415	439	425
	154	159	182	169
Assets — additional as-filed lines
	0.9	1.0	1.0	2.0
Trade payables — MSME split
	0.0	3.9	—	—
	78.5	86.3	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ZENITHSTL₹5.00

Zenith Steel Pipes & Industries Limited

· Capital Goods & Defence

₹ CrorePeersHISARMETAL PRAKASHSTL SMLT MWL INCREDIBLE SHAHALLOYS RUDRA VSTLMcap ₹71.1 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	44.5	43.6	41.7	39.9	39.9
+ Capital Work-in-Progress	1.0	0.8	1.2	1.3	1.3
+ Investment Property	0.0	0.0	0.0	0.0	0.0
+ Other Intangibles	0.1	0.0	0.1	0.1	0.1
+ Non-current Investments	0.0	0.0	0.0	0.0	0.0
+ Other Non-current Financial Assets	2.6	3.4	2.1	2.0	2.0
Non-current Financial Assets	2.6	3.4	2.1	2.0	2.0
+ Other Non-current Assets	0.2	23.8	25.9	27.0	27.0
Total Non-current Assets	48.4	71.6	71.0	70.3	70.3
Current Assets
+ Inventories	20.9	19.9	7.8	5.9	5.9
+ Trade Receivables	47.1	59.1	56.5	57.1	57.1
+ Cash & Cash Equivalents	5.3	0.4	3.0	1.1	1.1
+ Other Bank Balances	0.6	0.7	0.4	0.4	0.4
+ Short-term Loans	17.8	15.7	15.2	13.9	13.9
+ Other Current Financial Assets	0.0	0.0	3.7	—	—
Current Financial Assets	70.7	75.9	78.8	72.5	72.5
+ Other Current Assets	26.8	13.6	0.0	4.2	4.2
Total Current Assets	120.5	110.4	87.6	83.6	83.6
Total Assets	168.9	182.0	158.6	153.9	153.9
Equity
+ Equity Share Capital	142.3	142.3	142.3	142.3	142.3
+ Other Equity / Reserves	-398.5	-399.1	-399.0	-391.2	-391.2
Equity — Owners of Parent	-256.2	-256.9	-256.8	-248.9	-248.9
Total Equity	-256.2	-256.9	-256.8	-248.9	-248.9
Liabilities
+ Borrowings — Non-current	7.3	22.3	22.4	37.4	37.4
Non-current Financial Liabilities	7.3	22.3	22.4	37.4	37.4
+ Provisions — Non-current	5.4	5.9	5.4	4.5	4.5
+ Deferred Tax Liabilities	5.0	5.0	5.0	5.0	5.0
Non-current Liabilities	17.8	33.2	32.9	46.9	46.9
+ Borrowings — Current	212.3	192.8	192.7	182.8	182.8
+ Trade Payables	91.5	89.4	90.2	78.5	78.5
+ Other Current Financial Liab	41.3	43.7	46.1	48.4	48.4
Current Financial Liabilities	345.2	326.0	329.0	309.7	309.7
+ Provisions — Current	0.8	0.6	0.4	0.8	0.8
+ Current Tax Liabilities	8.7	9.1	9.1	9.1	9.1
+ Other Current Liabilities	52.8	69.9	44.1	36.3	36.3
Current Liabilities	407.4	405.6	382.5	356.0	356.0
Total Liabilities	425.1	438.8	415.4	402.9	402.9
Total Equity & Liabilities	168.9	182.0	158.6	153.9	153.9
Assets — additional as-filed lines
+ Current Tax Assets	2.0	1.0	1.0	0.9	0.9
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	3.9	0.0	0.0
+ Dues to Other Creditors — Current	—	—	86.3	78.5	78.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.