This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
The Exchange had sought clarification from Zenith Steel Pipes & Industries Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Consolidated Balance sheet statement not submitted -3. Consolidated Statement of Cash Flow not submitted The response of the Company is enclosed.
ZENITHSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Zenith Steel Pipes & Industries has responded to NSE's queries on its FY25 (ended March 31, 2025) financial results, clarifying that earlier submissions contained typographical errors labelling consolidated statements as standalone. The company has now resubmitted the corrected consolidated balance sheet and cash flow statement. The audited consolidated results show total income of Rs 12,925.51 lakhs against expenditure of Rs 12,877.58 lakhs, yielding a marginal net profit of just Rs 22.51 lakhs (EPS of Rs 0.02). However, the company's net worth is deeply negative at Rs (25,675.24) lakhs against total liabilities of Rs 41,538.96 lakhs. The auditor has flagged five repetitive qualifications including non-compliance with Section 74 (non-repayment of public deposits), unreconciled trade payables/receivables, frozen bank accounts, inventory valuation concerns, and a material going concern doubt since accumulated losses have fully eroded the company's net worth.
This is a deeply negative filing for shareholders. The auditor has explicitly stated that the going concern basis is not adequately supported, meaning there is serious doubt about whether the company can continue operating. With negative net worth of over Rs 256 crore, frozen bank accounts, and unresolved public deposit defaults, the stock carries significant risk and is likely to face continued regulatory and trading scrutiny.
| Q1 FY26 | Q1 FY25 | Change | |
|---|---|---|---|
| Revenue | ₹18.92 Cr | ₹28.50 Cr | −33.6% |
| Operating profit | −₹5.55 Cr | −₹3.75 Cr | loss widened |
| Profit after tax | ₹0.96 Cr | −₹1.92 Cr | turned positive |
| EBITDA margin | -23.5% | -9.3% | −14.2 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.