Zenith Steel Pipes & Industries Limited (ZENITHSTL) - Net Assets
Based on the latest financial reports, Zenith Steel Pipes & Industries Limited (ZENITHSTL) has net assets worth Rs-2.57 Billion INR (≈ $-27.77 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.59 Billion ≈ $17.16 Million USD) and total liabilities (Rs4.15 Billion ≈ $44.92 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Zenith Steel Pipes & Industries Limited (ZENITHSTL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs-2.57 Billion |
| % of Total Assets | -161.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 85.92 |
Zenith Steel Pipes & Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Zenith Steel Pipes & Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zenith Steel Pipes & Industries Limited for the complete picture of this company's asset base.
Annual Net Assets for Zenith Steel Pipes & Industries Limited (2005–2025)
The table below shows the annual net assets of Zenith Steel Pipes & Industries Limited from 2005 to 2025. For live valuation and market cap data, see ZENITHSTL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs-2.57 Billion ≈ $-27.77 Million |
+0.04% |
| 2024-03-31 | Rs-2.57 Billion ≈ $-27.78 Million |
-0.29% |
| 2023-03-31 | Rs-2.56 Billion ≈ $-27.70 Million |
-5.87% |
| 2022-03-31 | Rs-2.42 Billion ≈ $-26.16 Million |
+4.65% |
| 2021-03-31 | Rs-2.54 Billion ≈ $-27.44 Million |
-0.99% |
| 2020-03-31 | Rs-2.51 Billion ≈ $-27.17 Million |
-3.92% |
| 2019-03-31 | Rs-2.42 Billion ≈ $-26.15 Million |
-88.15% |
| 2018-03-31 | Rs-1.29 Billion ≈ $-13.90 Million |
-45.78% |
| 2017-03-31 | Rs-881.50 Million ≈ $-9.53 Million |
-61.21% |
| 2016-03-31 | Rs-546.81 Million ≈ $-5.91 Million |
-148.32% |
| 2015-03-31 | Rs-220.20 Million ≈ $-2.38 Million |
-144.90% |
| 2014-03-31 | Rs490.39 Million ≈ $5.30 Million |
-80.11% |
| 2013-03-31 | Rs2.47 Billion ≈ $26.67 Million |
-17.20% |
| 2012-03-31 | Rs2.98 Billion ≈ $32.21 Million |
-0.28% |
| 2011-03-31 | Rs2.99 Billion ≈ $32.30 Million |
+64.56% |
| 2010-03-31 | Rs1.81 Billion ≈ $19.63 Million |
-19.25% |
| 2009-03-31 | Rs2.25 Billion ≈ $24.30 Million |
+4.57% |
| 2008-03-31 | Rs2.15 Billion ≈ $23.24 Million |
+7.89% |
| 2007-03-31 | Rs1.99 Billion ≈ $21.54 Million |
+202.67% |
| 2006-03-31 | Rs658.15 Million ≈ $7.12 Million |
+24.33% |
| 2005-03-31 | Rs529.34 Million ≈ $5.72 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zenith Steel Pipes & Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 543547700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.42 Billion | % |
| Other Comprehensive Income | Rs14.32 Million | % |
| Other Components | Rs1.43 Billion | % |
| Total Equity | Rs-2.57 Billion | 100.00% |
Zenith Steel Pipes & Industries Limited Competitors by Market Cap
The table below lists competitors of Zenith Steel Pipes & Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Redivium Ltd
AU:RIL
|
$9.61 Million |
|
Thriven Global Bhd
KLSE:7889
|
$9.61 Million |
|
CHINA GREEN AGRIC.DL-001
F:GR0A
|
$9.62 Million |
|
RomReal Limited
F:3RR
|
$9.62 Million |
|
Transocean Holdings Bhd
KLSE:7218
|
$9.60 Million |
|
CPL Group Public Company Limited
BK:CPL
|
$9.60 Million |
|
Leslies Inc
NASDAQ:LESL
|
$9.60 Million |
|
Inno Holdings Inc. Common Stock
NASDAQ:INHD
|
$9.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zenith Steel Pipes & Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,568,597,000 to -2,567,524,000, a change of 1,073,000.
- Net income of 2,251,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 71,465,001.
- Other factors increased equity by 70,287,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.25 Million | +0.09% |
| Other Comprehensive Income | Rs-71.47 Million | -2.78% |
| Other Changes | Rs70.29 Million | +2.74% |
| Total Change | Rs- | % |
Book Value vs Market Value Analysis
This analysis compares Zenith Steel Pipes & Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs31.84 | Rs6.24 | x |
| 2006-03-31 | Rs32.29 | Rs6.24 | x |
| 2007-03-31 | Rs65.89 | Rs6.24 | x |
| 2008-03-31 | Rs44.69 | Rs6.24 | x |
| 2009-03-31 | Rs46.74 | Rs6.24 | x |
| 2010-03-31 | Rs28.14 | Rs6.24 | x |
| 2011-03-31 | Rs22.75 | Rs6.24 | x |
| 2012-03-31 | Rs22.68 | Rs6.24 | x |
| 2013-03-31 | Rs18.78 | Rs6.24 | x |
| 2014-03-31 | Rs3.74 | Rs6.24 | x |
| 2015-03-31 | Rs-1.68 | Rs6.24 | x |
| 2016-03-31 | Rs-4.17 | Rs6.24 | x |
| 2017-03-31 | Rs-6.71 | Rs6.24 | x |
| 2018-03-31 | Rs-9.79 | Rs6.24 | x |
| 2019-03-31 | Rs-18.42 | Rs6.24 | x |
| 2020-03-31 | Rs-19.14 | Rs6.24 | x |
| 2021-03-31 | Rs-17.83 | Rs6.24 | x |
| 2022-03-31 | Rs-17.00 | Rs6.24 | x |
| 2023-03-31 | Rs-18.00 | Rs6.24 | x |
| 2024-03-31 | Rs-18.05 | Rs6.24 | x |
| 2025-03-31 | Rs-22.81 | Rs6.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zenith Steel Pipes & Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.19%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-12.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.60% | 1.08% | 1.51x | 4.68x | Rs-12.71 Million |
| 2006 | 18.50% | 3.52% | 1.19x | 4.43x | Rs55.96 Million |
| 2007 | 7.67% | 3.63% | 0.88x | 2.41x | Rs-46.42 Million |
| 2008 | 8.98% | 4.15% | 0.90x | 2.39x | Rs-21.97 Million |
| 2009 | 6.60% | 2.53% | 1.09x | 2.39x | Rs-76.30 Million |
| 2010 | 5.12% | 1.95% | 0.84x | 3.13x | Rs-88.58 Million |
| 2011 | 3.06% | 1.85% | 0.73x | 2.25x | Rs-207.31 Million |
| 2012 | -0.28% | -0.18% | 0.65x | 2.40x | Rs-306.05 Million |
| 2013 | -20.77% | -18.73% | 0.37x | 2.98x | Rs-758.79 Million |
| 2014 | -300.65% | -64.28% | 0.48x | 9.80x | Rs-1.52 Billion |
| 2015 | 0.00% | -84.63% | 0.23x | 0.00x | Rs-688.70 Million |
| 2016 | 0.00% | -35.70% | 0.25x | 0.00x | Rs-271.92 Million |
| 2017 | 0.00% | -21.16% | 0.44x | 0.00x | Rs-243.84 Million |
| 2018 | 0.00% | -26.20% | 0.45x | 0.00x | Rs-282.23 Million |
| 2019 | 0.00% | -77.34% | 0.66x | 0.00x | Rs-959.90 Million |
| 2020 | 0.00% | -37.11% | 0.42x | 0.00x | Rs-32.20 Million |
| 2021 | 0.00% | -24.35% | 0.41x | 0.00x | Rs117.97 Million |
| 2022 | 0.00% | 7.75% | 0.78x | 0.00x | Rs358.20 Million |
| 2023 | 0.00% | -9.73% | 0.88x | 0.00x | Rs112.29 Million |
| 2024 | 0.00% | -0.49% | 0.79x | 0.00x | Rs249.89 Million |
| 2025 | 0.00% | 0.19% | 0.75x | 0.00x | Rs259.00 Million |
Industry Comparison
This section compares Zenith Steel Pipes & Industries Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $56,981,137
- Average return on equity (ROE) among peers: 11.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zenith Steel Pipes & Industries Limited (ZENITHSTL) | Rs-2.57 Billion | 7.60% | N/A | $9.60 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $4.99 Billion | 10.25% | 2.32x | $2.44 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $155.16 Million | 43.49% | 4.18x | $5.72 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $501.93 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $-1.62 Billion | 0.00% | 0.00x | $38.63 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $222.58 Million | 9.47% | 2.22x | $164.68 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $111.23 Million |
| Grand Foundry Limited (GFSTEELS) | $-32.83 Million | 0.00% | 0.00x | $4.07 Million |
| Goodluck India Limited (GOODLUCK) | $978.14 Million | 20.56% | 2.88x | $451.00 Million |
| Godawari Power And Ispat limited (GPIL) | $2.07 Billion | 26.10% | 1.64x | $2.08 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $152.16 Million | -10.33% | 2.30x | $111.44 Million |
About Zenith Steel Pipes & Industries Limited
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, construc… Read more