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Zenith Steel Pipes & Industries Ltd

BSE Code : 531845 | NSE Symbol : ZENITHSTL | ISIN:INE318D01020| SECTOR : Steel |

NSE BSE
 
SMC down arrow

7.70

-0.15 (-1.91%) Volume 95173

21-May-2024 12:54:31

Prev. Close

7.85

Open Price

7.65

Bid Price (QTY)

7.70(4599)

Offer Price (QTY)

7.75(13742)

 

Today’s High/Low 7.85 - 7.65

52 wk High/Low 10.15 - 3.75

Key Stats

MARKET CAP (RS CR) 111.69
P/E 0
BOOK VALUE (RS) -17.8661689
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK -0.439377912743229
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%) 92.18
4

News & Announcements

23-Apr-2024

Zenith Steel Pipes & Industries Ltd - Zenith Steel Pipes & Industries Limited - Other General Purpose

10-Apr-2024

Zenith Steel Pipes & Industries Ltd - Zenith Steel Pipes & Industries Limited - Other General Purpose

01-Apr-2024

Zenith Steel Pipes & Industries Ltd - Zenith Steel Pipes & Industries Limited - Trading Window

16-Feb-2024

Zenith Steel Pipes & Industries Ltd - Zenith Steel Pipes & Industries Limited - Copy of Newspaper Publication

07-Feb-2024

Zenith Steel Pipes & Industries to conduct board meeting

31-Oct-2023

Zenith Steel Pipes & Industries to convene board meeting

14-Sep-2023

Zenith Steel Pipes & Industries schedules AGM

02-Sep-2023

Zenith Steel Pipes & Industries fixes board meeting date

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Aanchal Ispat Ltd 538812
ACME Industries Ltd 526514
Adhunik Metaliks Ltd 532727 ADHUNIK
Aditya Ispat Ltd 513513
Aeroflex Industries Ltd 543972 AEROFLEX
Ahlada Engineers Ltd 535111 AHLADA
Ajanta Tubes Ltd 505988
AKC Steel Industries Ltd 40332
All Metal Process Industries Ltd 511088
Alliance Integrated Metaliks Ltd 534064
Ambuja Electrocastings Ltd 513317 AMBUJELCST
AML Steel Ltd 530464 AMLSTEEL
Anik Steels Ltd 513440
Anil Special Steel Industries Ltd 504629 ASILIND
Ankit Metal & Power Ltd 532870 ANKITMETAL
Apollo Tricoat Tubes Ltd(Merged) 538566
Apollo Tubes & Steel Industries Ltd 504628 APOLLOTUBE
Arcee Industries Ltd 520121
Archon Industries Ltd 506041
Arihant Steel & Alloys Ltd 506044
Arun Pipes Ltd (Wound-up) 517453
Ashiana Ispat Ltd 513401
Asian Alloys Ltd 513458 ASIANALLOY
Aslo Steel Ltd 513492
Atma Steels Ltd 513313
AVS Industries Ltd 526267
B.D. Industries (India) Pvt Ltd 504652
Balaji Galvanising Industries Ltd 530205
Balaji Industrial Corporation Ltd 500036 BALAJIIND
Balaji Steel Tubes & Pipes Ltd 513644
Bansal Roofing Products Ltd 538546
Bedmutha Industries Ltd 533270 BEDMUTHA
Beekay Steel Industries Ltd 539018
Bellary Steels & Alloys Ltd(liquidated) 500045 BELLARYSTL
Bharat Berg Ltd 513193
Bharat Forge & Press Industries Ltd 522227
Bharat Steel Tubes Ltd 40002
Bharat Wire Ropes Ltd 539799 BHARATWIRE
Bhoruka Steel & Services Ltd 504997
Bhuwalka Steel Industries Ltd 513333 BUWALKASTL
Bihar Foundry & Castings Ltd 504621
Bil Energy System Ltd 533321 BILENERGY
Bilpower Ltd 531590 BILPOWER
BMW Industries Ltd 542669
Bombay Wire Ropes Ltd 504648
Bundy India Ltd 40003
BWL Ltd 504643
Canara Steel Ltd 504668
Castron Technologies Ltd 506095
Century Tubes Ltd (Wound-up) 505976
Chandi Steel Industries Ltd 40629
Charminar Steels Ltd 513500
Choksi Tubes Company Ltd 513240 CHOKSITUBE
Comet Steels Ltd (Merged) 513160
Cosmic CRF Ltd 543928
Crimson Metal Engineering Company Ltd 526977
CV Steels Ltd 513725
D P Wires Ltd 543962 DPWIRES
Decora Tubes Ltd(wound-up) 526343
Deeps Special Steels Ltd 513570
Denholm Steels Ltd (Wound-up) 513470
Dewan Steels Ltd 513646 DEWANSTEEL
Dhar Industries Ltd 513632
Dhatre Udyog Ltd 540080
Dhatu Sanskar Ltd (Wound Up) 513322
Dina Iron & Steel Ltd 532003
Do-Max Steel Ltd 513339
Earthstahl & Alloys Ltd 543765
Elango Steels Ltd 13452
Electrotherm (India) Ltd 526608 ELECTHERM
Ellora Steels Ltd 513424
Ensa Steel Industries Ltd 512135
ESL Steel Ltd 533264 ELECTROSL
Facor Steels Ltd 532657
Firth (India) Steel Company Ltd 504692
G K Steel & Allied Industries Ltd (Wound-up) 513287
Gallantt Ispat Ltd. 532726 GALLANTT
Gandhi Special Tubes Ltd 513108 GANDHITUBE
Ganesh Foundry & Castings Ltd 513448
Gangotri Iron and Steel Company Ltd 530945
Garg Furnace Ltd 530615
Garg Steel & Alloys Ltd 40483
Geekay Wires Ltd 535003 GEEKAYWIRE
Global Arya Industries Ltd 513621
GM Mittal Stainless Steels Ltd 513199
Godawari Power & Ispat Ltd 532734 GPIL
Goodluck India Ltd 530655 GOODLUCK
Gopal Iron & Steels Co.(Gujarat) Ltd 531913
Graham Firth Steel Products (India) Ltd 504707
Grand Foundry Ltd 513343 GFSTEELS
Gujarat Bonanza Auto & Steel Rolling Ltd 523996
Gujarat Steel Tubes Ltd (Wound Up) 504710
Gujarat Wedge Wire Screens Ltd 513129
Gwalior Strips Ltd 513014
HAMCO Steels & Alloys Ltd 503839
Handum Industries Ltd 40342
Hariom Pipe Industries Ltd 543517 HARIOMPIPE
Harpartap Steel Ltd 513689
Haryana Steel & Alloys Ltd 504601
Heera Ispat Ltd 526967
Him Ispat Ltd (Wound-up) 513017
Himachal Tubes & Wires Ltd 517029
Himtubes Ltd 513018
Hind Wire Industries Ltd 504716
Hisar Metal Industries Ltd 590018 HISARMETAL
Hi-Tech Pipes Ltd 543411 HITECH
Hitek Industries (Bihar) Ltd 513003
Incredible Industries Ltd 538365 INCREDIBLE
India Steel Works Ltd 513361 ISIBARS
Indian Bright Steel Company Ltd 504731
Indian Seamless Metal Tubes Ltd (Merged) 504754 ISMETALTUB
Indian Seamless Steels & Alloys Ltd (Merged) 513385 ISSAL
Indian Steel Rolling Mills Ltd 513275
Indore Wire Company Ltd 504784
Innoventive Industries Ltd 533402 INNOIND
ISMT Ltd 532479 ISMTLTD
Ispat Profiles India Ltd 531464 ISPATPROF
J M D Alloys Ltd 531765
Jagan Tubes Ltd 40268
Jalan Ispat Castings Ltd 513301
Jay Iron & Steel Industries Ltd 513542
Jindal Iron & Steel Company Ltd (Merged) 500107 JINDALIRON
JTL Industries Ltd 534600 JTLIND
Kalyani Steels Ltd 500235 KSL
Kamdhenu Ltd 532741 KAMDHENU
Kamini Ispat Ltd 531555
Kamper Concast Ltd 531475 KAMPERCONC
Kanakdhara Steel Ltd 513267 KANAKSTEEL
Kanan Steels Ltd 531476
Kanishk Steel Industries Ltd 513456
Kinjal Metals Ltd 531298
Krishca Strapping Solutions Ltd 78779 KRISHCA
Kritika Wires Ltd 535116 KRITIKA
Kusum Ingots & Alloys Ltd 513315 KUSUMINGOT
Kusum Iron & Steel Ltd 513625
Ladam Steels Ltd 513420
Mahalaxmi Seamless Ltd 513460
Mahamaya Steel Industries Ltd 513554 MAHASTEEL
Maharashtra Seamless Ltd 500265 MAHSEAMLES
Mahindra Ugine Steel Company Ltd(Merged) 504823 MAHINDUGIN
Maiden Forgings Ltd 543874
Majestic Industries Ltd 526857 MAJESTIND
Malhotra Steel Industries Ltd 513601
Mamta Steels Ltd 530051
Man Industries (India) Ltd 513269 MANINDS
Manaksia Coated Metals & Industries Ltd 539046 MANAKCOAT
Manaksia Steels Ltd 539044 MANAKSTEEL
Mangalam Alloys Ltd 37158 MAL
Mangalam Worldwide Ltd 535453 MWL
Mardia Steel Ltd (Wound-up) 513707 MARDIASTL
Marmagoa Steel Ltd 513355
Mayura Alloy Industries Ltd 530437
MEK Slotted Angles (India) Ltd 513198
Metal Coatings (India) Ltd 531810
Metalman Industries Ltd 513131 METALPIPE
Midfield Industries Ltd 533220
Minhas Steels Ltd 530241
Mishra Dhatu Nigam Ltd 541195 MIDHANI
Modern Steels Ltd 513303
Mohatta & Heckel Ltd 504844
Moira Wires Ltd 513603
MSP Steel & Power Ltd 532650 MSPL
Mukat Pipes Ltd 523832 MUKATPIPE
Mukesh Steels Ltd 513265
Mukesh Strips Ltd 517374
Muzaffarnagar Steels Ltd 504855
National General Industries Ltd 531651
National Steel & Agro Industries Ltd 513179 NATNLSTEEL
NMDC Steel Ltd 543768 NSLNISP
Nova Steels (India) Ltd 513395 NOVASTEEL
Nova Udyog Ltd 513426
NSL Ltd (Merged) 504778 NSL
OCL Iron & Steel Ltd 533008 OISL
Oil Country Tubular Ltd 500313 OILCOUNTUB
Panchmahal Steel Ltd 513511 PANCHMSTEL
Paramount Steels Ltd 513062
Partap Rajastan Special Steels Ltd 504860
Pennar Engineered Building Systems Ltd(Merged) 539333 PENPEBS
Pennar Industries Ltd 513228 PENIND
Pittsburgh Iron & Steels Ltd 531135
Piyush Steels Ltd 530559
Powmex Steels Ltd (Merged) 513311 POWMEXSTL
Prakash Industries Ltd 506022 PRAKASH
Prakash Steelage Ltd 533239 PRAKASHSTL
Premier Tubes Ltd 506066
Primuss Pipes & Tubes Ltd 513291
Progressive Steels (India) Ltd 531063
PSL Ltd 526801 PSL
Punjab Iron & Steel Co Ltd 513523
Quality Foils (India) Ltd 34705 QFIL
Quality Steels & Forgings Ltd 500348
Raajratna Metal Industries Ltd 530507
Rajasthan Ambuja Industries Ltd 513438
Rajasthan Tube Manufacturing Co Ltd 530253
Rajinder Alloys Ltd 513408
Rajinder Pipes Ltd 523341 RAJINPIPE
Rajinder Steels Ltd 500353 RAJINSTEEL
Rajratan Global Wire Ltd 517522 RAJRATAN
Rakan Steels Ltd 513480
Rama Steel Tubes Ltd 539309 RAMASTEEL
Ramsarup Industries Ltd 532690 RAMSARUP
Ramsunar Rolsteel Ltd 513560
Ranjeev Alloys Ltd 513727
Rathi Alloys & Steel Ltd (Winded) 504895 RATHIALLOY
Rathi Bars Ltd 532918
Rathi Industries Ltd 513568
Rathi Ispat Ltd 504896
Rathi Steel & Power Ltd 504903
Ratnamani Engineering Ltd (Merged) 513591
Ratnamani Metals & Tubes Ltd 520111 RATNAMANI
Ratnaveer Precision Engineering Ltd 543978 RATNAVEER
Real Strips Ltd 513558
Remi Edelstahl Tubulars Ltd 513043
Rhetan TMT Ltd 543590
Riddhi Steel & Tube Ltd 540082
Rishab Concast Ltd 513299
Rishabh Digha Steel & Allied Products Ltd 531539
RMI Steels Ltd 513212
Rohini Strips Ltd 526277
Rudra Global Infra Products Ltd 539226
S K Foils Ltd 40396
SAIL-SCL Kerala Ltd 504953
Salasar Techno Engineering Ltd 540642 SALASAR
Samana Steels Ltd 513462
Sandeep Steels Ltd (Merged) 513432
Sanghvi Steels Ltd 513077
Sarda Energy & Minerals Ltd 504614 SARDAEN
Sarigam Seamless Pipes Ltd 513607
Sarigam Steels Ltd 513324
Sat Industries Ltd 511076 SATINDLTD
Scan Steels Ltd 511672
Seemax Industries Ltd 40273
Shah Alloys Ltd 513436 SHAHALLOYS
Shah Metacorp Ltd 533275 SHAH
Sharda Ispat Ltd 513548
Shivalik Loha Mills Ltd 513615 SHIVLOHMIL
Shree Mahavir Ispat ltd 504925
Shree Steel Wire Ropes Ltd 513488
Shri Bajrang Alliance Ltd 526981
Shri Bhagavati Bright Bars Ltd 530913
Shri Ishar Alloy Steel Ltd 513223 SRISARALOY
Siddhartha Tubes Ltd 523728 SIDDHATUBE
Singh Alloys & Steels Ltd (Wound-up) 513697
Singhal Swaroop Ispat Ltd 513391 SSISPAT
Sipta Coated Steels Ltd (Merged) 513079 SIPTACOAT
Sivanandha Pipe Fittings Ltd 40125
SJB Tubes Ltd 517528
Somani Iron & Steels Ltd 504615
Somani Strips Ltd 530823
Somani Swiss Industries Ltd 511722 SOMANISWIS
Southern Iron & Steel Company Ltd(merged) 530491
Spearhead Metals & Alloys Ltd 513556
Splendid Metal Products Ltd 513414 SMPL
Sri Vasavi Industries Ltd 513609
Srikalahasthi Pipes Ltd(Merged) 513605 SRIPIPES
Srinivasa Smelters Ltd 523814
Steel Exchange India Ltd 534748 STEELXIND
Steel Strips Ltd(Merged) 504717
Steel Tubes of India Ltd 506059 STEELTUBES
Steelco Gujarat Ltd 500399 STEELCOGUJ
Stelco Strips Ltd 513530
STI Products India Ltd 517492
Sunflag Iron & Steel Company Ltd 500404 SUNFLAG
Super Forgings & Steels Ltd 513277 SUPERFORGE
Supershakti Metaliks Ltd 541701
Supreme Engineering Ltd 535105 SUPREMEENG
Suraj Ltd 531638
Suraj Products Ltd 518075
Surana Industries Ltd 513597 SURANAIND
Surani Steel Tubes Ltd 535154 SURANI
Swastik Pipe Ltd 535485 SWASTIK
Tamilnadu Steel Tubes Ltd 513540
Tata Metaliks Ltd(Merged) 513434 TATAMETALI
Tata Metals & Strips Ltd (Merged) 502631
Tata SSL Ltd (Merged) 500396 SPECIALSTL
Technocraft Industries (India) Ltd 532804 TIIL
Thapar Concast Ltd 530453
Thapar Ispat Ltd 513285 THAPRISPAT
Titan Alloys Ltd 500417
Trident Steels Ltd (Wound-up) 513486
Tubetec Seamless Ltd 526007
Tulsyan NEC Ltd 513629 TULSYAN
UMI Special Steel Ltd(wound-up) 500435 BIHARALLOY
Umiya Tubes Ltd 539798
Uni-Metal Alloys Ltd 513482
Unison Metals Ltd 538610
United Special Ispat Ltd 40359
United White Metal Ltd 504980
Unity Steels Ltd 513186
Usha Iron & Ferro Metals Corporation Ltd 513464
Usha Martin Industries Ltd (Merged) 504986 USHAMARTIN
Usha Martin Ltd 517146 USHAMART
Uttam Galva Steels Ltd 513216 UTTAMSTL
Uttam Value Steels Ltd 500254 UVSL
Vallabh Steels Ltd 513397
Vardhman Industries Ltd 513534
Vardhman Special Steels Ltd 534392 VSSL
Varun Industries Ltd 532917 VARUN
Venus Pipes & Tubes Ltd 543528 VENUSPIPES
Vermani Steel Strips Ltd 513587
Vibhor Steel Tubes Ltd 544124 VSTL
Vini Metaspin Steels Ltd (Wound-up) 531325
Viraj Alloys Ltd(merged) 513562 VIRAJALLOY
Vishwas Infocom Industries Ltd 513573
Vista Technolgy & Industries Ltd 513181
Volvo Steels Ltd 530285
Welspun Specialty Solutions Ltd 500365 REMIMETAL
Western Ministil Ltd 504998

Share Holding

Category No. of shares Percentage
Total Foreign 1174781 0.83
Total Institutions 107349 0.08
Total Govt Holding 55 0.00
Total Non Promoter Corporate Holding 15284799 10.74
Total Promoters 22257157 15.64
Total Public & others 103456307 72.72
Total 142280448 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Zenith Steel Pipes & Industries Ltd

Zenith Steel Pipes & Industries Ltd (Formerly known Zenith Birla (India) Limited) is a leading manufacturer of Steel Pipes in India. The company is engaged in the manufacturing and selling of ERW And SAW Pipes. They operate in two divisions, namely pipes division at Khopoli and tools division at Nasik and Aurangabad. The tool division of the company is engaged in manufacturing HSS cutting tools and is focused towards the auto/engineering segment. The company's subsidiaries include Zenith (USA) Inc. and Zenith Middle East FZE. Zenith Steel Pipes & Industries Ltd was incorporated on August 5, 1960 with the name Zenith Steel Pipes Ltd. The company was established with the main object to manufacture black welded and galvanized steel pipes and was promoted by house of Birla. Also, they came out with their first public issue of equity share during the year. In the year 1961, the company started factory at Khopoli for Pipe Manufacturing and in the year 1992, they commenced commercial production at Khopoli. In the year 1968, they started Rolls & Shears Division (RSD)/ Tool Mfg. Division (TMD). In the year 1974, they started special steel division at Khopoli. Till 1971, the company was manufacturing Steel Pipes by medium frequency electric resistance contact welding process. Thereafter, the manufacturing process was converted to the latest technology of High Frequency Induction Welding (HFIW) process. In October 31, 1975, the company changed their name from Zenith Steel Pipes Ltd to Zenith Steel Pipes & Industries Ltd. In the year 1980, the company started chemical division at Boisar for manufacturing dye intermediates. In the year 1981, they incorporated a joint venture, PT South Pacific Viscose in Indonesia. In the year 1981, the company started paper plant at Banah in Punjab. In the year 1982, Indian Tool Manufacturers Ltd was amalgamated with the company and the textile division of Indian Tool Manufacturers Ltd became a division of the company. Also, Avit Overseas Corporation, New York, a subsidiary of Indian Tool Manufacturers Ltd became a subsidiary of the company. In January 28, 1986, the company changed their name from Zenith Steel Pipes & Industries Ltd to Zenith Ltd. In the year 1989, the company created a new division, namely Zenith International for exports. During the year 1994-95, the company sold their paper division to Shreyans Industries Ltd. In the year 1996, they sold their special steel division to Isibars Ltd. In the year 2002, the company formed three new subsidiaries namely Valueworth Trade Pvt Ltd, Zenith Dyeintermediates Ltd and Khamgaon Syntex India Ltd. In November 2004, the chemical division of the company was hived off and sold to Nipur Chemicals Ltd and in the year 2005, they transferred the textile division to Khamgaon Syntex India Ltd. In October 18, 2005, the company changed their name from Zenith Ltd to Zenith Birla (India) Ltd. During the year 2006-07, the company came out with a follow-on public offer for 23,818,182 equity shares of Rs 10 each at issue price of Rs 55 per share aggregating to Rs 131 crore to part finance the expansion project. Also, the shares of the company were listed on the National Stock Exchange with effect from April 30, 2007. The Scheme of Arrangement between the Zenith Steel Pipes & Industries Ltd (the Company), Birla Precision Technologies Ltd (BPTL), Tungabhadra Holdings Private Limited (THPL) and their respective shareholders was sanctioned by the High Court of Bombay on 8th January, 2010 and consequently, the Tooling Business of the Company demerged from the Company and merged with Birla Precision Technologies Ltd. Further, Tungabhadra Holdings Private Limited amalgamated with the Company and resulting to this, the company expanded the production capacity of Steel Pipes from 120,000 tonnes to 210,000 tonnes. The Company during the year 2011, issued 21,620,529 Bonus Shares in the proportion of one new fully paid equity share of Re. 10/- each for every five equity shares of Re. 10/- each held in the Company as on the Record Date (i.e. 12th August 2010) and resultant to the issue, the said Equity Shares got listed with Bombay Stock Exchange Limited and National Stock Exchange Limited effective from 24th August, 2010. A new wholly owned subsidiary, Zenith Middle East LLC was incorporated on November 27, 2013 in Fujairah, UAE.

Zenith Steel Pipes & Industries Ltd Chairman Speech

Chairmar

Year 2010 marks the Golden Jubilee year of the Company.

As we celebrate the 50th year of existence of the Company in 2010, it is a matter of great pride to reflect on and recognize the enormous progress made by Zenith over the years. There have been good times and difficult times over its history. However, Zenith has many achievements to its credit which are significant milestones.

All this would not have been possible without the unflinching support of our shareholders, customers, banks and financial institutions, suppliers, vendors and business partners, employees, government and all those associated with the Company, directly or indirectly. I would like to convey my appreciation and gratitude to all.

The Board of Directors has recommended a final dividend of Rs. 2/- per share on the expanded Share Capital of the Company, as on date. This includes Rs. 1.40 per share, as a special dividend, for commemorating the Company's Golden Jubilee year. The Board has also decided to further reward the shareholders by way of 1 Bonus Share for every 5 Equity Shares held in the Company as on the Record Date to be fixed in this behalf.

We desire to excel our past performance and expand our horizons. Looking ahead, I believe the best is yet to come.

Yash Birla

Chairman

   

Zenith Steel Pipes & Industries Ltd Company History

Zenith Steel Pipes & Industries Ltd (Formerly known Zenith Birla (India) Limited) is a leading manufacturer of Steel Pipes in India. The company is engaged in the manufacturing and selling of ERW And SAW Pipes. They operate in two divisions, namely pipes division at Khopoli and tools division at Nasik and Aurangabad. The tool division of the company is engaged in manufacturing HSS cutting tools and is focused towards the auto/engineering segment. The company's subsidiaries include Zenith (USA) Inc. and Zenith Middle East FZE. Zenith Steel Pipes & Industries Ltd was incorporated on August 5, 1960 with the name Zenith Steel Pipes Ltd. The company was established with the main object to manufacture black welded and galvanized steel pipes and was promoted by house of Birla. Also, they came out with their first public issue of equity share during the year. In the year 1961, the company started factory at Khopoli for Pipe Manufacturing and in the year 1992, they commenced commercial production at Khopoli. In the year 1968, they started Rolls & Shears Division (RSD)/ Tool Mfg. Division (TMD). In the year 1974, they started special steel division at Khopoli. Till 1971, the company was manufacturing Steel Pipes by medium frequency electric resistance contact welding process. Thereafter, the manufacturing process was converted to the latest technology of High Frequency Induction Welding (HFIW) process. In October 31, 1975, the company changed their name from Zenith Steel Pipes Ltd to Zenith Steel Pipes & Industries Ltd. In the year 1980, the company started chemical division at Boisar for manufacturing dye intermediates. In the year 1981, they incorporated a joint venture, PT South Pacific Viscose in Indonesia. In the year 1981, the company started paper plant at Banah in Punjab. In the year 1982, Indian Tool Manufacturers Ltd was amalgamated with the company and the textile division of Indian Tool Manufacturers Ltd became a division of the company. Also, Avit Overseas Corporation, New York, a subsidiary of Indian Tool Manufacturers Ltd became a subsidiary of the company. In January 28, 1986, the company changed their name from Zenith Steel Pipes & Industries Ltd to Zenith Ltd. In the year 1989, the company created a new division, namely Zenith International for exports. During the year 1994-95, the company sold their paper division to Shreyans Industries Ltd. In the year 1996, they sold their special steel division to Isibars Ltd. In the year 2002, the company formed three new subsidiaries namely Valueworth Trade Pvt Ltd, Zenith Dyeintermediates Ltd and Khamgaon Syntex India Ltd. In November 2004, the chemical division of the company was hived off and sold to Nipur Chemicals Ltd and in the year 2005, they transferred the textile division to Khamgaon Syntex India Ltd. In October 18, 2005, the company changed their name from Zenith Ltd to Zenith Birla (India) Ltd. During the year 2006-07, the company came out with a follow-on public offer for 23,818,182 equity shares of Rs 10 each at issue price of Rs 55 per share aggregating to Rs 131 crore to part finance the expansion project. Also, the shares of the company were listed on the National Stock Exchange with effect from April 30, 2007. The Scheme of Arrangement between the Zenith Steel Pipes & Industries Ltd (the Company), Birla Precision Technologies Ltd (BPTL), Tungabhadra Holdings Private Limited (THPL) and their respective shareholders was sanctioned by the High Court of Bombay on 8th January, 2010 and consequently, the Tooling Business of the Company demerged from the Company and merged with Birla Precision Technologies Ltd. Further, Tungabhadra Holdings Private Limited amalgamated with the Company and resulting to this, the company expanded the production capacity of Steel Pipes from 120,000 tonnes to 210,000 tonnes. The Company during the year 2011, issued 21,620,529 Bonus Shares in the proportion of one new fully paid equity share of Re. 10/- each for every five equity shares of Re. 10/- each held in the Company as on the Record Date (i.e. 12th August 2010) and resultant to the issue, the said Equity Shares got listed with Bombay Stock Exchange Limited and National Stock Exchange Limited effective from 24th August, 2010. A new wholly owned subsidiary, Zenith Middle East LLC was incorporated on November 27, 2013 in Fujairah, UAE.

Zenith Steel Pipes & Industries Ltd Directors Reports

Zenith Steel Pipes & Industries Ltd Company Background

Incorporation Year1960
Registered Office5th Floor Industry House,159 Churchgate Reclamation
Mumbai,Maharashtra-400020
Telephone91-022-66168400,Managing Director
Fax91-022-22047835
Company SecretarySonal Solanki
AuditorC K S P & Co LLP
Face Value10
Market Lot1
ListingBSE,NSE,
RegistrarBigshare Services Pvt Ltd
E-2/3 Ansa Indl Est,Saki Vihar Road ,Sakinaka Andheri(E) ,Mumbai - 400072
Office No 56-2 ,Pinnacle Busine.Park,Mahakali Caves Road ,Mumbai - 400093

Zenith Steel Pipes & Industries Ltd Company Management

Director NameDirector DesignationYear
Minal Umesh PoteWhole-time Director2023
Sadhana PatilIndependent Director2023
Purushottam D SonavaneNon Executive Director2023
Pramod BhosaleNon Executive Director2023
Bhavika SharmaIndependent Director2023
Sonal SolankiCompany Sec. & Compli. Officer2023
Ganesh Ramesh MahendrakarIndependent Director2023

Zenith Steel Pipes & Industries Ltd Listing Information

Zenith Steel Pipes & Industries Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
SalesNA000110.705
Other Operating IncomeNA00028.2456
Other Traded ItemsPcs0000
Misc.ItemsNA0000
Sale of scrapNA0000
Export IncentivesNA0000
Inter Division TransferNA0000
H AcidMT0000
H Acid & J AcidMT0000
Synthetic ClothMtr0000
Manmade Fibre YarnMT0000
Manmade Fibre Yarn-SpindlesNo0000
Manmade Fibre Yarn-TradedMT0000
BullionKg0000
Steel Rolled Products-TradedPcs0000
Pipes-SteelMT0000
Steel Pipes/Steel Mtls.-TradedPcs0000
SocketsNo0000
Hack Saw BladesNo0000
FilesNo0000
CuttersNo0000
Industrial Tools & KnivesMT0000
Tools-Carbide TippedNo0000
DrillsNo0000
ReamersNo0000
Tool Bits (on two-shift basis)No0000
Carbide Tips-SinteredKg0000
TapsNo0000
MicrometersNo0000

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