Company Overview

Zenith Steel Pipes & Industries Limited is a publicly listed company incorporated on August 5, 1960, and is based in Mumbai, India. The company was formerly known as Zenith Birla (India) Limited and changed its name to Zenith Steel Pipes & Industries Limited in July 2020. It is classified as a non-government company and is registered at the Registrar of Companies, Mumbai.

Zenith Steel Pipes & Industries Limited is an India-based company engaged in the manufacturing and selling of electric resistance welded (ERW) and hot dip galvanized pipes in India. The company has been awarded for Export Excellence by the Government of India and is the largest exporter of ERW Galvanized pipes to the US market, with products present in 79 countries worldwide.

Product Portfolio and Manufacturing Capabilities

The company's product portfolio includes:

- ERW Black Pipes: Diameters from ½ inch to 20 inch.

- ERW GI Pipes (Hot Dip Galvanized): Diameters from ½ inch to 20 inch.

- HSAW Pipes (Spirally Welded): Diameters from 18 inches to 100 inches outside diameter, primarily used for the bulk transportation of water.

The company manufactures and supplies ERW Black and Hot Galvanized pipes, and Spirally Welded Pipes (HSAW). The spirally welded pipes are used in the bulk transportation of water.

The company has an extensive production capacity of 210,000 tonnes of ERW and SAW pipes. It is also engaged in the manufacture of HSS cutting tools for the auto/engineering industry. Zenith Steel has the capability to plan and execute large-sized orders for client-specific requirements, having executed the single largest order to supply 16,000 MT ERW pipes for Saudi-Iraq Border.

Applications and Market Reach

The company's products are used for various applications including:

- Agriculture and irrigation water distribution

- Sprinklers, drill rods, bore-well

- Construction water distribution

- Firefighting systems

- Chilled water systems

- Structural scaffolding and props

- Space frames, fence, green house

- Industrial general engineering

- Container making

- Auto industry

- Oil sector distribution of gas and crude

The company exports its products to approximately 79 countries, including the United States. It supplies ERW Black and galvanized pipes of diameters from 0.5 inch to 20 inch to the United States market from India.

Quality Certifications and Standards

Zenith Steel Pipes & Industries Ltd is certified for:

- ISO 9001:2008

- ISO 14001:2001

- OHSAS 18001:2007

- UL 852 for Fire Sprinklers

- CE certified

The company's products meet all major Indian standards (IS-1239, IS-3589, IS-1161 etc.) and international standards such as ASTM, DIN, EN etc.

Key Customers and Market Position

The company is registered with major public sector companies of India. Some of its prestigious customers include:

- BHEL

- Reliance Industries Ltd

- Larsen & Toubro Ltd

- IOCL

- BPCL

- NTPC

- GNVFC

This division ranks as one of the pioneers amongst ERW Steel Pipe manufacturers of India.

Financial Performance and Market Capitalization

Based on the latest financial data as of March 2025:

- Full Year FY25: Reported a net profit of Rs 0.23 crore, a turnaround from a net loss of Rs 0.70 crore in FY24. Sales declined 16.85% to Rs 119.09 crore in FY25 from Rs 143.22 crore in FY24.

- Q4 FY25: Net profit declined 71.89% to Rs 2.78 crore compared to Rs 9.89 crore in Q4 FY24, while sales declined 42.36% to Rs 24.82 crore from Rs 43.06 crore in the corresponding quarter of the previous year.

- Market Capitalization: Approximately ₹128 crore (as per recent data).

Corporate Structure and Employment

- Authorized Share Capital: Rs 1,555,000,000

- Paid-up Capital: Rs 1,422,804,000

- Total Employees: 166

- Promoter Holding: 15.6%

Recent Developments and Outlook

As of May 29, 2025, Zenith Steel reported its FY25 results with a qualified audit opinion and identified negative net worth, legal disputes, and ongoing restructuring efforts. The audited results include a qualified opinion and going concern uncertainty.

The company continues to operate as a significant player in India's steel pipe manufacturing sector, leveraging its decades of experience and established global market presence while navigating current financial challenges through restructuring efforts.