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Zenith Steel Pipes balance sheet is weak and might have solvency issues
Yes, The debt of Zenith Steel Pipes is increasing.
Latest debt of Zenith Steel Pipes is ₹213 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹213 Crs.
Yes, profit is increasing.
The profit of Zenith Steel Pipes is ₹7.33 Crs for TTM, -₹0.7 Crs for Mar 2024 and -₹14.38 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Zenith Steel Pipes latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are majorly tied in miscellaneous assets