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ZENITH STEEL PIPES & INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of ZENITH STEEL PIPES & INDUSTRIES is 0.87.

Share Price ₹7.9May 18,2024
Market Cap ₹111.7 Cr
Sales-TTM₹128.5 CrTTM-Consolidated Results
Price/Sales0.87xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ZENITH STEEL PIPES & INDUSTRIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of ZENITH STEEL PIPES & INDUSTRIES is calculated as :

Current Market Cap [ ₹111.7 Cr] as on May 18,2024

(/) Sales [ ₹128.5 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.87x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for ZENITH STEEL PIPES & INDUSTRIES , the investors are currently willing to pay '0.87 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of ZENITH STEEL PIPES & INDUSTRIES !

The chart below summarizes the trend in P/S Ratio of ZENITH STEEL PIPES & INDUSTRIES over the last five years.

Historical PS (Price/Sales) ratio chart of ZENITH STEEL PIPES & INDUSTRIES


PS Ratio Performance Analysis for ZENITH STEEL PIPES & INDUSTRIES

- ZENITH STEEL PIPES & INDUSTRIES 's latest p/e ratio is 0.87x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.14x.

- ZENITH STEEL PIPES & INDUSTRIES 's operated at median p/e ratio of 0.11x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio peaked in Mar2023 at 0.29x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio hit its five-year low in Mar2019 of 0.04x.


How does ZENITH STEEL PIPES & INDUSTRIES 's P/S Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ZENITH STEEL PIPES & INDUSTRIES 128.50.87111.7
JSW STEEL LTD175,006.01.25217,890.0
TATA STEEL LTD233,445.00.90209,597.0
JINDAL STAINLESS LTD38,562.51.5057,936.9
STEEL AUTHORITY OF INDIA LTD106,550.00.6669,867.8
APL APOLLO TUBES LTD18,118.82.5646,324.4
MOTHERSON SUMI WIRING INDIA LTD8,313.43.6830,589.7
RATNAMANI METALS & TUBES LTD5,059.14.5723,121.6
SHYAM METALICS AND ENERGY LTD13,169.01.3717,977.5
WELSPUN CORP LTD16,948.60.9716,453.6
JINDAL SAW LTD20,957.10.8417,668.0

Steel & Iron Products Industry Benchmark (Top 10) PS Analysis vs ZENITH STEEL PIPES & INDUSTRIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.66x
Max industry PS 4.57x
Median industry PS 1.25x
Average industry PS 1.74x



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