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Zuari Agro Chemicals Overview

Zuari Agro Chemicals Ltd is a fertilizer business enterprise. The Company is engaged in the manufacture, sale and buying and selling of fertilizers and seeds. It is also an importer of farm nutrients and fertilizers. It produces fertilizers of numerous grades, along side seeds, pesticides, micro nutrients and distinctiveness fertilizers. Its fertilizer plant has an annual set up ability of approximately 1,059,300 metric tons of fertilizer. It has a production facility at Goa, which consists of over four plants. Its plants provide farmers with u...Read More

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Zuari Agro Chemicals Key Financials

Market Cap ₹1193 Cr.

Stock P/E 5.2

P/B 0.5

Current Price ₹283.6

Book Value ₹ 601.5

Face Value 10

52W High ₹394.7

Dividend Yield 0%

52W Low ₹ 155.1

Zuari Agro Chemicals Share Price

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Volume
Price

Zuari Agro Chemicals Quarterly Price

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Zuari Agro Chemicals Peer Comparison

Zuari Agro Chemicals Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 1205 1649 843 898 1097 1123 1264 952 1246 1423
Other Income 15 23 12 127 10 17 6 22 6 5
Total Income 1220 1672 856 1024 1107 1140 1270 974 1252 1427
Total Expenditure 1082 1510 768 879 979 1022 1148 920 1105 1249
Operating Profit 139 162 88 145 128 118 122 54 147 178
Interest 57 55 49 51 48 44 40 36 34 32
Depreciation 23 23 24 25 25 25 26 25 25 25
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 817
Profit Before Tax 59 84 15 70 55 49 56 -7 88 939
Provision for Tax 27 39 17 -3 27 20 20 5 27 200
Profit After Tax 32 45 -2 73 28 29 36 -12 61 739
Adjustments -57 -9 16 2 -19 52 18 32 38 67
Profit After Adjustments -24 35 13 75 9 81 55 20 99 806
Adjusted Earnings Per Share -5.8 8.4 3.2 17.9 2.2 19.3 13 4.7 23.5 191.7

Zuari Agro Chemicals Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 7635 7612 6377 7265 8103 5004 2404 3590 4553 4595 4436 4885
Other Income 73 62 56 87 46 50 62 61 95 177 54 39
Total Income 7708 7674 6433 7352 8148 5054 2466 3650 4647 4773 4490 4923
Total Expenditure 7337 7338 5906 6730 7788 5227 2198 3357 4220 4239 4068 4422
Operating Profit 371 335 527 622 360 -173 268 294 427 534 423 501
Interest 318 419 440 404 488 535 200 173 207 211 168 142
Depreciation 30 66 77 83 87 111 68 67 79 95 102 101
Exceptional Income / Expenses 0 -26 -64 -26 -106 0 0 0 443 0 0 817
Profit Before Tax 23 -175 -54 111 -321 -818 -0 214 683 251 303 1076
Provision for Tax 7 -34 -9 23 7 37 38 47 129 80 72 252
Profit After Tax 16 -141 -45 87 -328 -855 -39 167 554 171 231 824
Adjustments -8 26 23 30 40 53 -118 -36 -78 -71 -66 155
Profit After Adjustments 9 -115 -22 117 -288 -802 -157 130 477 100 165 980
Adjusted Earnings Per Share 2.1 -27.4 -5.2 27.9 -68.6 -190.7 -37.4 31 113.3 23.7 39.2 232.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% 7% -2% -5%
Operating Profit CAGR -21% 13% 0% 1%
PAT CAGR 35% 11% 0% 31%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 43% 23% 23% 7%
ROE Average 13% 27% 25% -2%
ROCE Average 16% 19% 16% 9%

Zuari Agro Chemicals Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1007 1347 1367 1465 1152 341 196 367 1581 1694 1856
Minority's Interest 104 355 364 390 400 414 443 477 533 596 662
Borrowings 221 541 493 520 868 566 594 507 557 434 135
Other Non-Current Liabilities 106 28 -32 -57 -47 -39 -20 66 171 216 73
Total Current Liabilities 4681 5737 5322 5853 6829 5213 4092 2920 2207 1871 1028
Total Liabilities 6118 8008 7514 8171 9202 6495 5304 6192 5050 4811 5020
Fixed Assets 488 1829 1789 1794 1832 1859 1428 1420 1937 1954 862
Other Non-Current Assets 889 1104 1200 1238 1139 1181 1178 1496 1319 1375 1464
Total Current Assets 4742 5076 4524 5138 6231 3455 2699 1957 1788 1477 505
Total Assets 6118 8008 7514 8171 9202 6495 5304 6192 5050 4811 5020

Zuari Agro Chemicals Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 29 7 12 66 147 50 265 427 566 389 338
Cash Flow from Operating Activities 839 -869 1097 293 -355 2635 1521 571 95 473 511
Cash Flow from Investing Activities -286 -498 -40 -63 -103 -16 -171 -137 426 3 -122
Cash Flow from Financing Activities -547 1363 -1003 -148 360 -2404 -1188 -296 -697 -527 -494
Net Cash Inflow / Outflow 6 -4 54 82 -97 215 162 138 -176 -51 -104
Closing Cash & Cash Equivalent 35 12 66 147 50 265 427 566 389 338 234

Zuari Agro Chemicals Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.13 -27.4 -5.22 27.91 -68.57 -190.74 -37.35 31.01 113.33 23.74 39.18
CEPS(Rs) 11.07 -18.03 7.6 40.39 -57.26 -176.92 6.96 55.65 150.45 63.19 79.05
DPS(Rs) 2 0 1 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 239.39 320.35 325.02 348.26 273.94 81.12 46.65 87.26 375.95 402.13 440.25
Core EBITDA Margin(%) 3.89 3.58 7.35 7.23 3.84 -4.36 8.33 6.53 7.5 7.46 8.08
EBIT Margin(%) 4.45 3.19 6.02 6.95 2.03 -5.54 8.1 10.83 20.07 9.67 10.34
Pre Tax Margin(%) 0.3 -2.29 -0.84 1.49 -3.92 -15.99 -0.01 5.99 15.41 5.25 6.65
PAT Margin (%) 0.22 -1.85 -0.71 1.18 -4 -16.71 -1.56 4.67 12.5 3.58 5.06
Cash Profit Margin (%) 0.61 -0.99 0.5 2.3 -2.94 -14.54 1.19 6.56 14.27 5.57 7.29
ROA(%) 0.27 -2 -0.58 1.11 -3.78 -10.89 -0.66 2.9 9.86 3.47 4.7
ROE(%) 1.63 -12.01 -3.34 6.17 -25.09 -114.47 -14.39 59.15 56.9 10.45 13.04
ROCE(%) 7.42 4.5 6.39 8.84 2.69 -5.62 6.96 15.49 27.22 13.24 16.04
Receivable days 168.32 177 215.4 168.97 162.31 218.51 197.44 55.61 58.19 52.68 27.37
Inventory Days 43.89 40.98 40.87 43.36 62.65 82.54 56.88 37.1 37.15 27.32 19.54
Payable days 56.71 62.52 77.88 89.05 102.89 189.37 280.12 77.03 63.44 49.81 32.82
PER(x) 107.39 0 0 17.22 0 0 0 4.31 1.07 7.14 4.68
Price/Book(x) 0.96 0.44 1.12 1.38 0.68 0.76 1.95 1.53 0.32 0.42 0.42
Dividend Yield(%) 0.87 0 0.28 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.57 0.74 0.9 0.88 0.73 0.66 0.68 0.68 0.46 0.44 0.27
EV/Core EBITDA(x) 11.74 16.76 10.91 10.22 16.48 -19.11 6.05 8.29 4.91 3.76 2.85
Net Sales Growth(%) 4.01 -0.31 -16.22 13.92 11.54 -38.24 -51.97 49.34 26.82 0.94 -3.47
EBIT Growth(%) 8.79 -28.6 58.15 33.38 -67.62 -270.31 170.61 93.01 130.27 -48.11 2.08
PAT Growth(%) 129.16 -957.08 67.91 292.54 -475.88 -160.37 95.48 530.76 232.73 -69.16 35.1
EPS Growth(%) 120.28 -1384.4 80.94 634.4 -345.71 -178.18 80.42 183.03 265.43 -79.06 65.05
Debt/Equity(x) 3.41 3.75 3.14 3.08 4.54 9.87 9.43 7.02 1.27 1 0.35
Current Ratio(x) 1.01 0.88 0.85 0.88 0.91 0.66 0.66 0.67 0.81 0.79 0.49
Quick Ratio(x) 0.8 0.76 0.72 0.7 0.65 0.56 0.61 0.5 0.63 0.62 0.32
Interest Cover(x) 1.07 0.58 0.88 1.27 0.34 -0.53 1 2.24 4.31 2.19 2.8
Total Debt/Mcap(x) 3.56 8.52 2.82 2.23 6.66 12.91 4.85 4.58 3.96 2.36 0.83

Zuari Agro Chemicals Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 65.28 65.28 65.28 65.28 65.28 65.21 65.21 65.21 65.21 65.21
FII 1.09 1.02 1.58 1.27 1.08 1.18 2.52 1.34 2.67 2.85
DII 1 1 1 1 0.09 0.09 0.09 0.09 0.09 0.09
Public 32.64 32.7 32.14 32.45 33.55 33.52 32.18 33.37 32.03 31.85
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Zuari Agro Chemicals News

Zuari Agro Chemicals Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Debtor days have improved from 49.81 to 32.82days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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