Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,649 | 843 | 898 | 1,097 | 1,123 | 1,264 | 952 | 1,246 | 1,423 | 344 | 187 | 615 |
| Expenses | 1,510 | 768 | 879 | 978 | 1,022 | 1,148 | 920 | 1,105 | 1,249 | 334 | 202 | 556 |
| Operating Profit | 139 | 75 | 19 | 118 | 101 | 117 | 32 | 141 | 174 | 9 | -14 | 59 |
| OPM % | 8% | 9% | 2.1% | 11% | 9% | 9% | 3.4% | 11% | 12% | 2.7% | -8% | 10% |
| Other Income | 45 | 43 | 131 | 12 | 81 | 51 | 61 | 72 | 923 | 43 | 11 | 97 |
| Interest | 55 | 49 | 51 | 48 | 44 | 40 | 36 | 34 | 32 | 18 | 17 | 18 |
| Depreciation | 23 | 24 | 25 | 25 | 25 | 26 | 25 | 25 | 25 | 4 | 5 | 5 |
| Profit before tax | 106 | 45 | 74 | 56 | 113 | 101 | 32 | 154 | 1,040 | 30 | -25 | 133 |
| Tax % | 37% | 37% | -4% | 48% | 18% | 20% | 16% | 17% | 19% | -34% | 0% | 11% |
| Net Profit | 67 | 29 | 77 | 29 | 93 | 81 | 27 | 127 | 840 | 40 | -25 | 119 |
| EPS in Rs | 8.44 | 3.19 | 17.87 | 2.18 | 19.31 | 12.97 | 4.72 | 23.54 | 191.68 | 9.43 | -5.95 | 28.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,611 | 6,377 | 7,265 | 8,103 | 3,042 | 2,404 | 3,590 | 4,553 | 4,595 | 4,436 | 3,200 | 2,569 |
| Expenses | 7,334 | 5,905 | 6,722 | 7,783 | 3,382 | 2,369 | 3,351 | 4,215 | 4,233 | 4,058 | 2,888 | 2,341 |
| Operating Profit | 277 | 472 | 542 | 320 | -340 | 35 | 239 | 338 | 362 | 378 | 311 | 228 |
| OPM % | 3.6% | 7% | 7% | 4.0% | -11% | 1.4% | 7% | 7% | 8% | 9% | 10% | 9% |
| Other Income | 50 | 23 | 113 | -11 | 124 | 146 | 220 | 616 | 195 | 195 | 1,048 | 1,074 |
| Interest | 419 | 440 | 404 | 488 | 278 | 200 | 173 | 207 | 211 | 168 | 101 | 85 |
| Depreciation | 66 | 77 | 83 | 87 | 68 | 68 | 67 | 79 | 95 | 102 | 59 | 39 |
| Profit before tax | -157 | -22 | 169 | -266 | -562 | -88 | 218 | 668 | 251 | 303 | 1,199 | 1,178 |
| Tax % | -22% | -40% | 14% | 3% | 37% | 44% | 22% | 19% | 32% | 24% | 18% | |
| Net Profit | -123 | -13 | 146 | -273 | -773 | -126 | 171 | 539 | 171 | 231 | 982 | 974 |
| EPS in Rs | -27.40 | -5.22 | 27.91 | -68.57 | -190.74 | -37.35 | 31.01 | 113.33 | 23.74 | 39.18 | 218.70 | 223.33 |
| Dividend Payout % | -7% | -19% | -0% | -0% | -0% | -0% | -0% | -0% | 8% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -8% | 6% | -11% | -44% | ||
| Compounded Profit Growth | 9% | 17% | -42% | 22% | ||
| Stock Price CAGR | 2% | 11% | 13% | -19% | ||
| Return on Equity | -4% | 7% | 4% | 1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 965 | 1,305 | 1,325 | 1,423 | 1,110 | 299 | 154 | 325 | 1,539 | 1,652 | 1,814 | 2,047 |
| Borrowings | 3,434 | 5,047 | 4,299 | 4,506 | 5,235 | 3,368 | 1,851 | 2,643 | 2,108 | 1,783 | 717 | 642 |
| Other Liabilities | 1,678 | 1,617 | 1,914 | 2,279 | 2,886 | 2,845 | 3,297 | 3,201 | 1,361 | 1,334 | 2,453 | 512 |
| Total Liabilities | 6,118 | 8,011 | 7,580 | 8,250 | 9,273 | 6,554 | 5,344 | 6,211 | 5,050 | 4,811 | 5,026 | 3,242 |
| Fixed Assets | 488 | 1,829 | 1,793 | 1,798 | 1,835 | 1,862 | 1,431 | 1,424 | 1,940 | 1,957 | 865 | 159 |
| CWIP | 424 | 102 | 143 | 147 | 154 | 168 | 78 | 320 | 19 | 23 | 7 | -0 |
| Investments | 209 | 774 | 878 | 911 | 815 | 855 | 952 | 1,126 | 1,242 | 1,270 | 1,425 | 2,581 |
| Other Assets | 4,998 | 5,306 | 4,767 | 5,395 | 6,469 | 3,668 | 2,883 | 3,341 | 1,848 | 1,561 | 2,729 | 503 |
| Total Assets | 6,118 | 8,011 | 7,580 | 8,250 | 9,273 | 6,554 | 5,344 | 6,211 | 5,050 | 4,811 | 5,026 | 3,242 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 839 | -869 | 1,097 | 293 | -355 | 2,635 | 1,521 | 571 | 95 | 473 | 511 | 203 |
| Cash from Investing Activity | -286 | -489 | -40 | -63 | -103 | -16 | -171 | -137 | 426 | 3 | -122 | -69 |
| Cash from Financing Activity | -547 | 1,363 | -1,003 | -148 | 360 | -2,404 | -1,188 | -296 | -697 | -527 | -494 | -335 |
| Net Cash Flow | 6 | 5 | 54 | 82 | -98 | 215 | 162 | 138 | -176 | -51 | -104 | -201 |
| Free Cash Flow | 654 | -1,019 | 952 | 221 | -502 | 2,556 | 1,449 | 344 | -150 | 453 | 433 | 103 |
| CFO/OP | 282% | -307% | 240% | 58% | -110% | -777% | 4,344% | 249% | 44% | 160% | 152% | 81% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 159 | 197 | 198 | 170 | 176 | 266 | 69 | 64 | 63 | 48 | 7 | 10 |
| Inventory Days | 61 | 45 | 56 | 74 | 107 | 94 | 52 | 78 | 47 | 38 | 23 | 45 |
| Days Payable | 70 | 54 | 86 | 102 | 118 | 339 | 96 | 91 | 57 | 41 | 21 | 39 |
| Cash Conversion Cycle | 149 | 188 | 168 | 142 | 164 | 22 | 25 | 52 | 53 | 45 | 9 | 16 |
| Working Capital Days | 1 | -33 | -50 | -44 | -31 | -250 | -304 | -224 | -68 | -62 | -165 | -56 |
| ROCE % | 7% | 5% | 8% | 10% | 5% | -5% | 3% | 13% | 10% | 8% | 13% | 16% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 65.28% | 65.28% | 65.28% | 65.28% | 65.21% | 65.21% | 65.21% | 65.21% | 65.21% | 65.20% | 65.20% | 65.20% |
| FIIs | 1.02% | 1.58% | 1.27% | 1.08% | 1.18% | 2.52% | 1.33% | 2.67% | 2.85% | 2.71% | 2.84% | 2.34% |
| DIIs | 1.00% | 1.00% | 1.00% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.10% |
| Public | 32.70% | 32.13% | 32.46% | 33.55% | 33.51% | 32.18% | 33.37% | 32.03% | 31.85% | 32.00% | 31.88% | 32.35% |
| No. of Shareholders | 32,127 | 33,845 | 37,655 | 39,757 | 45,084 | 44,277 | 46,257 | 44,892 | 47,405 | 45,524 | 44,493 | 43,594 |
Fundamentals
Market Cap₹ 934 Cr.
Current Price₹ 222
Stock P/E3.02
Book Value₹ 497
ROCE16.4 %
ROE1.24 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-44%
Compounded Profit Growth (TTM)22%
Consolidated figures.
Valuation
Market capRs 895 Cr
Enterprise valueRs 1,475 Cr
P/E (TTM)0.95x
Price to book0.43x
Price to sales0.35x
EV / EBITDA1.13x
EV / EBIT1.17x
EV / sales0.57x
Price to cash flow4.40x
Earnings yield104.91%
P/E, 3-year average4.21x
P/B, 3-year average0.40x
P/E, 5-year average3.60x
P/B, 5-year average0.61x
Profitability
Operating margin (excl. other income)9.73%
Operating margin (incl. other income)42.47%
EBITDA margin50.68%
Pre-tax margin45.86%
Net profit margin36.56%
Net margin, latest quarter19.26%
ROE46.63%
ROCE49.04%
ROA22.25%
ROE, 3-year average20.67%
ROCE, 3-year average25.84%
ROA, 3-year average9.21%
ROE, 5-year average31.45%
ROCE, 5-year average23.82%
ROA, 5-year average7.67%
ROIC (approx.)38.77%
Tax rate18.07%
Other income / net worth50.15%
Growth
Sales growth (latest year)-27.87%
Profit growth (latest year)458.24%
Sales CAGR, 3 years-11.09%
Sales CAGR, 5 years5.89%
Profit CAGR, 3 years24.50%
Sales growth QoQ228.41%
Sales growth YoY (latest quarter)-50.63%
Profit growth YoY (latest quarter)19.70%
Per share
EPS (TTM)Rs 223.33
EPS (latest year)Rs 218.70
EPS (latest quarter)Rs 28.17
EPS, 3-year averageRs 93.87
EPS, 5-year averageRs 85.19
Book value per shareRs 496.69
Sales per shareRs 610.79
Cash flow per shareRs 48.33
Free cash flow per shareRs 24.49
Dividend per share, 3-year averageRs 1.94
Dividend per share, 5-year averageRs 1.94
Dividends
Dividend payout, 3-year average8.17%
Dividend payout, 5-year average8.17%
Efficiency
Asset turnover0.99x
Fixed asset turnover20.18x
Inventory turnover9.47x
Inventory days39 days
Debtor days10 days
Debtors turnover35.46x
Creditor days39 days
Cash conversion cycle16 days
Working capital days-56 days
Leverage
Total debtRs 642 Cr
Cash and bankRs 62 Cr
Net debtRs 579 Cr
Debt to equity0.31x
Net debt / EBITDA0.45x
Interest coverage14.89x
Current ratio (filing 2026-03-31)0.52x
Quick ratio (filing 2026-03-31)0.22x
Trade payables (filing 2026-03-31)Rs 233 Cr
Owners' fund to total sources64.43%
Debt to assets19.79%
Cash flow
Cash from Operating Activity (latest year)Rs 203 Cr
Cash from Investing Activity (latest year)Rs -69 Cr
Cash from Financing Activity (latest year)Rs -335 Cr
Net Cash Flow (latest year)Rs -201 Cr
Free cash flow (latest year)Rs 103 Cr
FCFE (approx.: FCF + change in debt)Rs 27 Cr
Cash from ops / profit, 5 years0.88x
Sales to cash flow15.74x
Statement figures
Net sales (TTM)Rs 2,569 Cr
Net sales (latest year)Rs 3,200 Cr
Sales (latest quarter)Rs 615 Cr
Operating profit excl. other income (latest year)Rs 311 Cr
Operating profit (latest quarter)Rs 59 Cr
Other income (TTM)Rs 1,074 Cr
EBITDA (TTM)Rs 1,302 Cr
PBDT (TTM)Rs 1,217 Cr
Profit before tax (TTM)Rs 1,178 Cr
Tax (latest year)Rs 217 Cr
Net profit (TTM)Rs 939 Cr
Net profit (latest year)Rs 920 Cr
Net profit (latest quarter)Rs 118 Cr
Depreciation (TTM)Rs 39 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 85 Cr
Cost of goods sold (latest year)Rs 2,535 Cr
Total expenditure (latest year)Rs 2,888 Cr
Total income (latest year)Rs 4,247 Cr
Share capitalRs 42 Cr
ReservesRs 2,047 Cr
Shareholders' fundsRs 2,089 Cr
Total assetsRs 3,242 Cr
Net blockRs 159 Cr
InvestmentsRs 2,581 Cr
ReceivablesRs 90 Cr
InventoryRs 268 Cr
Other liabilitiesRs 512 Cr
Shares outstanding (crore)4.21
Ownership
Promoter holding65.20% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 0.9 is at the 2th percentile of its own 5.4-year range
(median 4.5, low 0.8, high 12.8).
P/B 0.43 is at the 14th percentile (median 0.68).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ZUARI | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.5% | -2.8% | +0.2 pts |
| 1 month | -8.0% | -6.8% | -1.2 pts |
| 3 months | -11.7% | -7.6% | -4.1 pts |
| 6 months | +17.5% | +0.4% | +17.1 pts |
| 1 year | -29.6% | -9.9% | -19.6 pts |
| 2 years | +8.3% | -13.6% | +21.9 pts |
| 3 years | +36.8% | +14.2% | +22.6 pts |
| 5 years | +66.5% | +27.9% | +38.6 pts |
Red flags
F-score 6 of 8| explain | High accruals Profit exceeded operating cash by 22% of total assets in 2026 |
| look | Profit leans on other income Other income was 87% of pre-tax profit in 2026 |
| look | Regulator order or action Regulator order or action 2026-05-22: Zuari Agro Chemicals Limited has informed the Exchange about final orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹615 Cr -50.6% vs Jun 2025.
Net profit ₹119 Cr -6.3%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Coromandel International Ltd | 52,894 | 28.3 | 22.0 % |
| Fertilizers & Chemicals Travancore Ltd | 48,996 | 4.02 % | |
| Chambal Fertilisers & Chemicals Ltd | 16,569 | 8.59 | 25.2 % |
| Paradeep Phosphates Ltd | 16,002 | 14.7 | 15.4 % |
| Madhya Bharat Agro Products Ltd | 7,310 | 47.2 | 19.3 % |
| Gujarat State Fertilizers & Chemicals Ltd | 6,043 | 8.72 | 7.16 % |
| Rashtriya Chemicals & Fertilizers Ltd | 5,964 | 14.3 | 10.4 % |
| Krishana Phoschem Ltd | 5,725 | 29.1 | 27.2 % |
| National Fertilizer Ltd | 3,185 | 8.74 | 9.10 % |
| Southern Petrochemicals Industries Corporation Ltd | 1,290 | 6.29 | 16.8 % |
| Madras Fertilizers Ltd | 939 | 12.0 | 14.8 % |
| Aries Agro Ltd | 614 | 12.8 | 20.5 % |
| Khaitan Chemicals & Fertilizers Ltd | 482 | 8.27 | 18.5 % |
| Rama Phosphates Ltd | 425 | 7.92 | 15.4 % |
| Balaji Phosphates Ltd | 251 | 24.6 | 15.2 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2019-09-13 | Rights:14 Compulosry Convertible Debentures For Every 15 Equity Shares | |
| 2018-07-19 | Annual General Meeting | |
| 2017-07-13 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2016-07-29 | Annual General Meeting | |
| 2015-07-30 | Annual General Meeting/ Dividend - Rs 2/- Per Share | |
| 2014-06-27 | Annual General Meeting /Dividend - Rs.3/- Per Share | |
| 2013-05-27 | Annual General Meeting / Dividend Rs.3/- Per Equity Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd (ZUARI) has a market capitalisation of Rs 934 Cr. at the 2026-10-01 close.
What is the P/E ratio of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd trades at a P/E of 3.02 on trailing twelve-month profit, at the 2026-10-01 close.
What were Zuari Agro Chemicals Ltd's latest quarterly results?
In the Jun 2026 quarter, Zuari Agro Chemicals Ltd sales was Rs 615 Cr (-50.6% vs Jun 2025) and net profit was Rs 119 Cr.
What is the 52-week high and low of Zuari Agro Chemicals Ltd?
The 52-week high is Rs 345.60 and the 52-week low is Rs 175.10.