Zenith Steel Pipes & Industries (NSE:ZENITHSTL) Inventory Turnover: 0.69 (As of Mar. 2026)

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NSE:ZENITHSTL Zenith Steel Pipes & Industries Ltd NSE:ZENITHSTL
38 GF Score
Price ₹5.51
GF Value ₹3.31
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Zenith Steel Pipes & Industries Inventory Turnover?

Zenith Steel Pipes & Industries NSE:ZENITHSTL -0.54% 38 Inventory Turnover is 0.69 as of Mar. 2026. GuruFocus rates NSE:ZENITHSTL with a GF Score™ of 38/100 and a GF Value™ of ₹3.31 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Zenith Steel Pipes & Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹41.1 Mil. Zenith Steel Pipes & Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹59.5 Mil. Zenith Steel Pipes & Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenith Steel Pipes & Industries's Days Inventory for the three months ended in Mar. 2026 was 131.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Zenith Steel Pipes & Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.53.

Zenith Steel Pipes & Industries  (NSE:ZENITHSTL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Zenith Steel Pipes & Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=59.451/41.132*365 / 4
=131.89

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Zenith Steel Pipes & Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=59.451 / 112.918
=0.53

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Zenith Steel Pipes & Industries Inventory Turnover Related Terms

Zenith Steel Pipes & Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Zenith Steel Pipes & Industries's Inventory Turnover can be seen below:

* 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.

Zenith Steel Pipes & Industries Inventory Turnover Chart

Zenith Steel Pipes & Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.42 5.61 5.81 3.94 4.35

Zenith Steel Pipes & Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.26 1.39 1.17 0.84 0.69
NSE:ZENITHSTL
38GF Score
Zenith Steel Pipes & Industries Ltd NSE:ZENITHSTL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Zenith Steel Pipes & Industries Inventory Turnover Calculation

Zenith Steel Pipes & Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=299.143 / ((77.936 + 59.451) / 2 )
=299.143 / 68.6935
=4.35

Zenith Steel Pipes & Industries's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=41.132 / ((0 + 59.451) / 1 )
=41.132 / 59.451
=0.69

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.69 mean?
Zenith Steel Pipes & Industries (NSE:ZENITHSTL) has a Inventory Turnover of 0.69 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Zenith Steel Pipes & Industries and its competitors.
Is Zenith Steel Pipes & Industries' Inventory Turnover too high?
Zenith Steel Pipes & Industries' current Inventory Turnover is 0.69. Overall, Zenith Steel Pipes & Industries has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenith Steel Pipes & Industries' Inventory Turnover compare to NUE and STLD?
Zenith Steel Pipes & Industries' Inventory Turnover of 0.69 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Steel company?
A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Zenith Steel Pipes & Industries and its competitors. Zenith Steel Pipes & Industries's current Inventory Turnover is 0.69. 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 ₹3.31, compared to a current price of ₹5.51 — trading 66.5% above its estimated fair value. The current Inventory Turnover is 0.69. Zenith Steel Pipes & Industries' overall GF Score™ is 38/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Zenith Steel Pipes & Industries (NSE:ZENITHSTL), the current Inventory Turnover is 0.69 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 ₹5.51 is trading 66.5% above its estimated GF Value™ of ₹3.31. GuruFocus considers Zenith Steel Pipes & Industries to be Significantly Overvalued.

Key valuation signals for NSE:ZENITHSTL:

  • Inventory Turnover: 0.69
  • GF Value™: ₹3.31 vs. price of ₹5.51 (66.5% above fair value)
  • GF Score™: 38/100 with 7 warning signs

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 Business Description

Other Exchanges 531845:India
Address 206, J.B. Marg, 1st Floor, Dalamal House, Nariman Point, Mumbai, MH, IND, 400021
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.
38GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹5.51
Price
₹3.31
GF Value