Zuari Industries Ltd.

•

zuariindustries.inBSE: 500780NSE: ZUARIIND

Market Cap₹ 815 Cr.

Current Price

High / Low₹ 416 / 210

Stock P/E124.2

Book Value₹ 1,038

Price to Book0.20

Dividend Yield0.37 %

ROCE2.9 %

ROE0.3 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2015 • Fertilizers: 100.0%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Working capital cycle has improved - days down from 14 to -138
Company generates healthy free cash flow
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (495.1% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -48.13x)
Company has a low return on equity of 0.1% over last 3 years
Company has a low return on capital employed of 3.2%
Interest coverage is weak at 1.2x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAgriSugar

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BALRAMCHIN	699.20	39.87	14794.90	0.50	44.15	-14.40	1636.79	6.13	9.29	7.36
2.	EIDPARRY	756.00	28.94	13453.45	0.00	311.50	-32.93	9017.52	3.37	23.60	8.33
3.	TRIVENI	268.90	21.08	5925.56	1.02	3.65	73.81	1950.14	-0.22	8.92	2.94
4.	RENUKA	24.36	0.00	5185.00	0.00	-251.50	4.59	2120.20	5.61	-3.84	-3.60
5.	BAJAJHIND	21.37	44.14	5108.85	0.00	-1847.00	-961.49	11259.70	801.92	2.86	-10.64
6.	BANARISUG	3682.15	37.92	4617.31	0.34	-10.92	-171.57	172.45	-58.81	9.33	-3.00
7.	DALMIASUG	432.85	14.80	3503.46	1.39	6.91	—	848.19	-16.48	8.38	5.10
8.	AVADHSUGAR	821.70	24.94	1644.91	1.22	2.34	127.81	7792.51	987.42	6.50	4.68
9.	GODAVARIB	238.95	5434.89	1222.85	0.00	-193.20	-1106.22	5578.77	946.21	5.79	0.09
10.	DHAMPURSUG	170.85	15.63	1098.68	1.17	60.90	6592.31	7861.70	961.42	6.63	3.98
11.	UTTAMSUGAR	282.65	12.40	1077.97	0.88	1.30	-91.05	606.37	-3.56	11.62	4.32
12.	ZUARIIND	273.50	7.51	814.52	0.37	0.05	101.07	311.93	21.16	5.37	15.57

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	165	215	101	235	215	207	205	244	210	205	211	248	267
	157	218	105	186	191	204	212	194	188	196	218	202	288
Operating Profit	8	-3	-4	49	24	4	-7	50	22	9	-7	47	-22
OPM %	4.57%	-1.44%	-4.06%	20.82%	10.96%	1.70%	-3.37%	20.45%	10.65%	4.37%	-3.34%	18.77%	-8.19%
	78	37	8	9	0	9	38	3	10	31	34	16	22
Interest	37	36	33	29	33	31	29	31	30	28	25	29	29
Depreciation	6	6	6	6	6	6	6	6	6	6	6	6	7
Profit before Tax	43	-8	-35	23	-15	-24	-4	16	-4	6	-5	26	-9
Tax %	-9.71%	23.90%	2.99%	30.77%	-2.49%	-0.80%	-97.05%	43.50%	-8.66%	48.77%	-9.17%	32.21%	-1.04%
Net Profit	47	-6	-34	16	-15	-24	-7	9	-4	3	-5	18	-9
	15.74	-1.97	-11.55	5.39	-5.12	-8.01	-2.47	3.05	-1.30	1.05	-1.68	6.01	-3.18

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	17	2	57	776	610	814	715	871	874	931
	10	20	10	48	684	595	754	665	801	803	904
Operating Profit	-10	-3	-7	9	93	16	60	49	70	71	27
OPM %	—	-20.52%	-291.60%	16.26%	11.94%	2.56%	7.42%	6.88%	8.04%	8.10%	2.86%
	34	24	48	52	144	211	129	132	51	91	103
Interest	0	1	8	44	161	196	158	135	123	112	111
Depreciation	0	0	0	0	26	24	24	24	24	26	26
Profit before Tax	24	20	33	17	50	7	8	23	-26	24	19
Tax %	13.85%	10.68%	-23.24%	25.80%	-38.43%	-112.04%	28.61%	0.38%	-42.60%	50.16%	64.66%
Net Profit	20	18	40	13	69	15	5	23	-37	12	7
EPS	6.96	6.10	13.68	4.39	23.16	5.14	1.81	7.61	-12.55	4.08	—
Dividend Payout %	14.37%	16.39%	7.31%	22.78%	8.48%	57.73%	55.37%	13.14%	-7.97%	24.52%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 2%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: -8%
5 Years:: -29%
3 Years:: 31%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 22%
1 Year:: -11%

RETURN ON EQUITY

10 Years:: 1%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	29	29	29	29	29	29	30	30	30	30
	1,419	2,035	1,811	1,281	2,153	3,082	2,067	2,681	4,085	3,072
	0	50	135	473	1,414	1,311	1,248	919	1,069	709
Trade Payables	5	4	4	6	310	301	209	210	146	150
	73	54	82	75	116	184	116	279	528	742
Total Liabilities	1,527	2,173	2,062	1,865	4,022	4,908	3,670	4,118	5,857	4,702
	2	2	1	2	517	499	492	472	458	457
Capital Work in Progress	0	0	0	0	2	7	1	6	7	4
	1,165	1,779	1,562	990	1,857	2,994	2,011	2,556	4,302	3,140
	233	236	259	241	632	646	505	579	577	613
	0	0	0	0	0	0	0	20	55	41
Cash & Bank	4	10	3	57	57	15	41	8	3	19
	123	146	238	575	956	746	619	478	455	428
Total Assets	1,527	2,173	2,062	1,865	4,022	4,908	3,670	4,118	5,857	4,702

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	-6	1	21	142	59	69	51	6	67
Cash from Investing	84	-7	-116	-307	-169	270	195	252	20	55
Cash from Financing	-94	20	82	294	24	-305	-248	-314	-32	-109
	3	6	-8	1	3	7	2	-10	-6	12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
56.81	56.71	56.71	56.71	56.71	56.71	56.71	56.71	56.71
1.60	1.46	1.41	1.30	1.33	2.46	1.11	1.15	1.10
0.33	0.87	0.85	0.66	1.01	1.01	1.15	1.23	1.21
0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
41.23	40.92	41.00	41.30	40.92	39.79	41.00	40.88	40.94

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Copy of Newspaper Publication

2026-09-02 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Copy of Newspaper Publication regarding Special Window for transfer and dematerialization of physical shares

2026-08-25

General Updates

2026-08-25 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Letter to Members under regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

2026-08-25

Copy of Newspaper Publication

2026-08-25 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Copy of Newspaper Publication related to completion of dispatch of Notice of 58th Annual General Meeting

2026-08-24

Shareholders meeting

2026-08-24 - ZUARI INDUSTRIES LIMITED has informed the Exchange regarding Notice of 58th Annual General Meeting to be held on September 21, 2026

2026-08-22

Copy of Newspaper Publication

2026-08-22 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Copy of Newspaper Publication related to 58th Annual General Meeting, Record date and other related information

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Transcript

2026-08-20

Record Date

2026-08-20 - ZUARI INDUSTRIES LIMITED has informed the Exchange that Record date for the purpose of Dividend is 14-Sep-2026.

2026-08-20

General Updates

2026-08-20 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Date of 58th Annual General Meeting of the Company

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - ZUARI INDUSTRIES LIMITED has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for ZUARIIND

Loading news…

🤖

AI Stock Analyst

Zuari Industries Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

BALRAMCHIN

699.20

39.87

14794.90

0.50

44.15

-14.40

1636.79

6.13

9.29

7.36

EIDPARRY

756.00

28.94

13453.45

0.00

311.50

-32.93

9017.52

3.37

23.60

8.33

TRIVENI

268.90

21.08

5925.56

1.02

3.65

73.81

1950.14

-0.22

8.92

2.94

RENUKA

24.36

0.00

5185.00

0.00

-251.50

4.59

2120.20

5.61

-3.84

-3.60

BAJAJHIND

21.37

44.14

5108.85

0.00

-1847.00

-961.49

11259.70

801.92

2.86

-10.64

BANARISUG

3682.15

37.92

4617.31

0.34

-10.92

-171.57

172.45

-58.81

9.33

-3.00

DALMIASUG

432.85

14.80

3503.46

1.39

6.91

—

848.19

-16.48

8.38

5.10

AVADHSUGAR

821.70

24.94

1644.91

1.22

2.34

127.81

7792.51

987.42

6.50

4.68

GODAVARIB

238.95

5434.89

1222.85

0.00

-193.20

-1106.22

5578.77

946.21

5.79

0.09

DHAMPURSUG

170.85

15.63

1098.68

1.17

60.90

6592.31

7861.70

961.42

6.63

3.98

UTTAMSUGAR

282.65

12.40

1077.97

0.88

1.30

-91.05

606.37

-3.56

11.62

4.32

ZUARIIND

273.50

7.51

814.52

0.37

0.05

101.07

311.93

21.16

5.37

15.57

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

165

215

101

235

215

207

205

244

210

205

211

248

267

157

218

105

186

191

204

212

194

188

196

218

202

288

Operating Profit

-3

-4

-7

-22

OPM %

4.57%

-1.44%

-4.06%

20.82%

10.96%

1.70%

-3.37%

20.45%

10.65%

4.37%

-3.34%

18.77%

-8.19%

Interest

Depreciation

Profit before Tax

-8

-35

-15

-24

-4

-5

-9

Tax %

-9.71%

23.90%

2.99%

30.77%

-2.49%

-0.80%

-97.05%

43.50%

-8.66%

48.77%

-9.17%

32.21%

-1.04%

Net Profit

-6

-34

-15

-24

-7

-4

-5

-9

15.74

-1.97

-11.55

5.39

-5.12

-8.01

-2.47

3.05

-1.30

1.05

-1.68

6.01

-3.18

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

776

610

814

715

871

874

931

684

595

754

665

801

803

904

Operating Profit

-10

-3

-7

OPM %

—

-20.52%

-291.60%

16.26%

11.94%

2.56%

7.42%

6.88%

8.04%

8.10%

2.86%

144

211

129

132

103

Interest

161

196

158

135

123

112

111

Depreciation

Profit before Tax

-26

Tax %

13.85%

10.68%

-23.24%

25.80%

-38.43%

-112.04%

28.61%

0.38%

-42.60%

50.16%

64.66%

Net Profit

-37

EPS

6.96

6.10

13.68

4.39

23.16

5.14

1.81

7.61

-12.55

4.08

—

Dividend Payout %

14.37%

16.39%

7.31%

22.78%

8.48%

57.73%

55.37%

13.14%

-7.97%

24.52%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

1,419

2,035

1,811

1,281

2,153

3,082

2,067

2,681

4,085

3,072

135

473

1,414

1,311

1,248

919

1,069

709

Trade Payables

310

301

209

210

146

150

116

184

116

279

528

742

Total Liabilities

1,527

2,173

2,062

1,865

4,022

4,908

3,670

4,118

5,857

4,702

517

499

492

472

458

457

Capital Work in Progress

1,165

1,779

1,562

990

1,857

2,994

2,011

2,556

4,302

3,140

233

236

259

241

632

646

505

579

577

613

Cash & Bank

123

146

238

575

956

746

619

478

455

428

Total Assets

1,527

2,173

2,062

1,865

4,022

4,908

3,670

4,118

5,857

4,702

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

-6

142

Cash from Investing

-7

-116

-307

-169

270

195

252

Cash from Financing

-94

294

-305

-248

-314

-32

-109

-8

-10

-6

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

56.81

56.71

1.60

1.46

1.41

1.30

1.33

2.46

1.11

1.15

1.10

0.33

0.87

0.85

0.66

1.01

1.15

1.23

1.21

0.04

41.23

40.92

41.00

41.30

40.92

39.79

41.00

40.88

40.94

Zuari Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Zuari Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI