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Zuari Industries Overview

Zuari Global Ltd is a holding agency. The Company is engaged in providing fertilizer, seeds, engineering and lifestyle industries and offerings. The Company's segments include Fertilizer, Engineering offerings, Furniture, Real Estate, Investment offerings, Sugar and Others. The Company's Fertilizer section consists of the manufacturing of and trading in fertilizers, seeds and pesticides. Its Engineering offerings segment includes technology, primary engineering, special engineering, undertaking management, procurement and construction services ...Read More

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Zuari Industries Key Financials

Market Cap ₹714 Cr.

Stock P/E -7.6

P/B 0.2

Current Price ₹239.7

Book Value ₹ 1555.8

Face Value 10

52W High ₹416

Dividend Yield 0.42%

52W Low ₹ 212.2

Zuari Industries Share Price

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Volume
Price

Zuari Industries Quarterly Price

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Zuari Industries Peer Comparison

Zuari Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 269 116 262 226 237 235 272 257 241 263
Other Income 46 79 21 16 40 39 17 10 45 39
Total Income 315 195 284 242 277 274 289 268 286 301
Total Expenditure 282 126 142 201 233 242 245 232 230 270
Operating Profit 33 69 142 41 44 32 45 35 56 31
Interest 74 72 68 69 71 63 59 63 61 56
Depreciation 7 7 7 7 7 7 8 7 7 8
Exceptional Income / Expenses 0 807 -22 0 -20 0 0 0 -7 -6
Profit Before Tax -48 797 46 -35 -54 -39 -22 -35 -20 -39
Provision for Tax -2 73 -2 -1 -0 2 6 0 3 2
Profit After Tax -46 724 48 -34 -54 -40 -28 -35 -22 -41
Adjustments 14 5 16 1 39 16 8 35 187 15
Profit After Adjustments -32 729 64 -33 -14 -25 -21 0 165 -26
Adjusted Earnings Per Share -10.7 244.9 21.3 -11.2 -4.8 -8.3 -7 0 55.3 -8.7

Zuari Industries 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 521 554 603 550 774 771 834 722 955 838 970 1033
Other Income 34 43 47 70 100 125 149 225 182 229 112 111
Total Income 555 598 650 620 874 896 982 947 1137 1067 1082 1144
Total Expenditure 519 571 570 582 793 763 778 710 903 783 911 977
Operating Profit 36 27 81 38 81 133 204 238 235 284 171 167
Interest 34 39 66 92 113 160 202 264 273 285 272 239
Depreciation 8 8 15 20 21 25 29 23 27 27 29 30
Exceptional Income / Expenses -13 0 -15 0 0 -3 -22 0 0 785 -20 -13
Profit Before Tax -19 -60 -20 -38 -165 -325 -113 -45 314 784 -88 -116
Provision for Tax 11 -21 0 3 -17 71 -15 -10 4 71 7 11
Profit After Tax -30 -38 -20 -41 -148 -396 -98 -35 309 713 -94 -126
Adjustments 3 -6 -6 10 19 29 12 -1 1 1 1 245
Profit After Adjustments -26 -44 -26 -31 -128 -367 -86 -36 311 714 -93 118
Adjusted Earnings Per Share -8.9 -14.9 -8.8 -10.5 -43.6 -124.6 -29.2 -12.2 104.3 239.7 -31.3 39.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 10% 5% 6%
Operating Profit CAGR -40% -10% 5% 17%
PAT CAGR -113% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 2% 28% 24% 10%
ROE Average -2% 11% 5% -1%
ROCE Average 3% 11% 8% 3%

Zuari Industries 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 754 1789 1910 2407 2182 1167 1937 2974 2401 3919 5048
Minority's Interest 0 19 24 11 -3 -32 -13 -12 -13 -14 -15
Borrowings 314 273 430 690 1029 1375 1638 1717 1773 1269 1583
Other Non-Current Liabilities 11 -79 -56 -45 -62 12 -15 143 44 168 478
Total Current Liabilities 779 900 840 1009 1153 1360 1304 1420 1601 2151 1827
Total Liabilities 1858 2901 3148 4072 4298 3881 4851 6243 5807 7492 8920
Fixed Assets 252 370 537 543 536 691 658 647 639 616 603
Other Non-Current Assets 552 1559 1704 2357 2214 1529 2505 3682 2740 5272 6724
Total Current Assets 1054 972 897 1163 1539 1652 1679 1913 2427 1604 1593
Total Assets 1858 2901 3148 4072 4298 3881 4851 6243 5807 7492 8920

Zuari Industries 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 44 26 35 40 31 33 30 26 69 91 56
Cash Flow from Operating Activities -288 -12 109 -125 -45 126 109 62 269 71 -1
Cash Flow from Investing Activities 32 -46 -5 -97 -114 -360 -204 69 -159 475 183
Cash Flow from Financing Activities 238 66 -98 214 160 232 90 -87 -89 -583 -163
Net Cash Inflow / Outflow -17 8 5 -9 2 -2 -5 44 22 -36 18
Closing Cash & Cash Equivalent 35 35 40 31 33 30 26 69 91 56 74

Zuari Industries 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) -8.92 -14.94 -8.79 -10.54 -43.62 -124.64 -29.16 -12.17 104.3 239.72 -31.3
CEPS(Rs) -7.32 -10.27 -1.85 -7.16 -43.05 -125.8 -23.36 -4.1 113.12 248.52 -21.99
DPS(Rs) 1 1 1 1 1 1 2 3 1 1 1
Book NAV/Share(Rs) 230.4 607.68 648.69 817.59 741.1 396.33 657.88 1009.82 806.26 1315.89 1694.9
Core EBITDA Margin(%) 0.37 -2.83 5.36 -5.9 -2.38 1.1 6.7 1.69 5.5 6.52 6.12
EBIT Margin(%) 2.88 -3.57 7.28 9.8 -6.7 -21.34 10.62 30.44 61.45 127.56 19.03
Pre Tax Margin(%) -3.52 -10.36 -3.17 -6.81 -21.32 -42.13 -13.57 -6.17 32.85 93.58 -9.02
PAT Margin (%) -5.54 -6.64 -3.21 -7.4 -19.07 -51.34 -11.76 -4.82 32.4 85.07 -9.73
Cash Profit Margin (%) -4.03 -5.24 -0.86 -3.8 -16.37 -48.04 -8.25 -1.67 35.27 88.34 -6.75
ROA(%) -1.85 -1.61 -0.67 -1.14 -3.53 -9.68 -2.24 -0.63 5.14 10.72 -1.15
ROE(%) -4.27 -3.1 -1.1 -1.9 -6.44 -23.64 -6.32 -1.42 11.52 22.56 -2.11
ROCE(%) 1.33 -1.05 1.74 1.73 -1.44 -4.88 2.44 4.59 11.25 18.9 2.67
Receivable days 78.94 60.98 53.96 73.37 55.29 49.99 43.34 41.39 29.16 29.39 22.5
Inventory Days 298.55 355.04 333.12 476.25 475.91 576.61 547.37 629.45 452.85 398.63 272.66
Payable days 570.74 328.87 320.62 702.53 620.38 422.26 300.94 292.79 168.69 168.54 114.05
PER(x) 0 0 0 0 0 0 0 0 1.04 1.37 0
Price/Book(x) 0.41 0.15 0.2 0.21 0.15 0.07 0.12 0.18 0.13 0.25 0.14
Dividend Yield(%) 1.06 1.12 0.79 0.58 0.91 3.63 2.49 1.69 0.92 0.3 0.43
EV/Net Sales(x) 1.67 1.72 1.91 2.94 2.26 2.47 2.77 3.66 2.43 3.17 2.6
EV/Core EBITDA(x) 23.95 35.22 14.24 42.9 21.47 14.33 11.28 11.11 9.86 9.36 14.7
Net Sales Growth(%) -18.95 6.45 8.86 -8.9 40.85 -0.41 8.14 -13.43 32.32 -12.28 15.82
EBIT Growth(%) -71.81 -234 322.76 6.63 -195.46 -217.01 153.83 148.1 167.11 82.08 -82.72
PAT Growth(%) -401.13 -29.37 47.09 -170.05 -259.54 -168.07 75.24 64.52 989.93 130.31 -113.24
EPS Growth(%) -2095.57 -67.52 41.15 -19.96 -313.7 -185.72 76.6 58.27 957.14 129.83 -113.06
Debt/Equity(x) 0.83 0.42 0.43 0.48 0.67 1.65 1.15 0.82 1.09 0.6 0.5
Current Ratio(x) 1.35 1.08 1.07 1.15 1.33 1.21 1.29 1.35 1.52 0.75 0.87
Quick Ratio(x) 0.63 0.46 0.36 0.31 0.32 0.28 0.34 0.46 0.82 0.41 0.47
Interest Cover(x) 0.45 -0.53 0.7 0.59 -0.46 -1.03 0.44 0.83 2.15 3.75 0.68
Total Debt/Mcap(x) 2.25 2.88 2.22 2.29 4.56 23.72 9.38 4.68 8.1 2.42 3.59

Zuari Industries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 56.81 56.81 56.81 56.81 56.71 56.71 56.71 56.71 56.71 56.71
FII 1.36 1.49 1.55 1.6 1.46 1.4 1.3 1.33 2.46 1.11
DII 0.05 0.05 0.3 0.37 0.91 0.89 0.7 1.04 1.04 1.18
Public 41.79 41.66 41.35 41.23 40.92 41 41.3 40.92 39.79 41
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Zuari Industries News

Zuari Industries Pros & Cons

Pros

  • Stock is trading at 0.2 times its book value
  • Debtor days have improved from 168.54 to 114.05days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
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