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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Zenith Steel Pipes & Industries's Debt-to-EBITDA or its related term are showing as below:
NSE:ZENITHSTL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -37.99 Med: 3.13 Max: 39.42
Current: 24.45
During the past 13 years, the highest Debt-to-EBITDA Ratio of Zenith Steel Pipes & Industries was 39.42. The lowest was -37.99. And the median was 3.13.
NSE:ZENITHSTL's Debt-to-EBITDA is ranked worse than 94.39% of 499
companies
in the Steel industry
Industry Median: 2.95
vs NSE:ZENITHSTL: 24.45
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Zenith Steel Pipes & Industries Debt-to-EBITDA Related Terms
Zenith Steel Pipes & Industries Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:ZENITHSTL vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, Zenith Steel Pipes & Industries's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zenith Steel Pipes & Industries Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Zenith Steel Pipes & Industries's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Zenith Steel Pipes & Industries's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Zenith Steel Pipes & Industries (NSE:ZENITHSTL) has a Debt-to-EBITDA of 22.03 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Zenith Steel Pipes & Industries. This is 604% above median its historical median of 3.13. According to the industry distribution chart, Zenith Steel Pipes & Industries ranks #471 out of 499 companies in the Steel industry, placing it in the top 94.4%.
Is Zenith Steel Pipes & Industries' Debt-to-EBITDA too high?
Zenith Steel Pipes & Industries' current Debt-to-EBITDA of 22.03 is 604% above median its 10-year median of 3.13. The Steel industry median Debt-to-EBITDA is 2.95. Zenith Steel Pipes & Industries' value of 22.03 is 646.8% above this industry median. Based on the distribution chart, Zenith Steel Pipes & Industries ranks #471 out of 499 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Zenith Steel Pipes & Industries has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenith Steel Pipes & Industries' Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Zenith Steel Pipes & Industries ranks #471 out of 499 companies for Debt-to-EBITDA. This places Zenith Steel Pipes & Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 2.95. Zenith Steel Pipes & Industries' value of 22.03 is 646.8% above this benchmark. While the company's 10-year median is 3.13 vs. the industry median of 2.95, Zenith Steel Pipes & Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.95, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zenith Steel Pipes & Industries's current Debt-to-EBITDA of 22.03 is 646.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Zenith Steel Pipes & Industries. For the Steel industry, the median Debt-to-EBITDA is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Steel Pipes & Industries's current Debt-to-EBITDA is 22.03, which is 604% above median its own 10-year median of 3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Steel Pipes & Industries stock overvalued right now?
Based on GuruFocus' analysis, Zenith Steel Pipes & Industries (NSE:ZENITHSTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3.24, compared to a current price of ₹5.36 — trading 65.4% above its estimated fair value. The current Debt-to-EBITDA is 22.03, which is 604% above median its 10-year median of 3.13 and 646.8% above the Steel industry median of 2.95. Zenith Steel Pipes & Industries' overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Zenith Steel Pipes & Industries (NSE:ZENITHSTL), the current Debt-to-EBITDA is 22.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Zenith Steel Pipes & Industries (NSE:ZENITHSTL) Overvalued in 2026?
Based on GuruFocus' analysis, Zenith Steel Pipes & Industries stock appears to be overvalued.
The current stock price of ₹5.36 is trading 65.4% above its estimated GF Value™ of ₹3.24.
GuruFocus considers Zenith Steel Pipes & Industries to be Significantly Overvalued.
Key valuation signals for NSE:ZENITHSTL:
Debt-to-EBITDA: 22.03 (604% above median its 10-year median of 3.13)
GF Value™: ₹3.24 vs. price of ₹5.36 (65.4% above fair value)
Industry Position: 646.8% above the Steel median (#471 of 499)
No single metric tells the full story. See the NSE:ZENITHSTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenith Steel Pipes & Industries Ltd is a manufacturer of steel pipes in India. Its product portfolio includes Electric Resistance Welded Black pipes, Electric Resistance Welded GI pipes, HSAW Pipes, and others. The vast majority of its revenue comes from India.
39GF Score
Get the complete analysis for NSE:ZENITHSTL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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