Zuari Agro Chemicals
ZUARI NSE
Zuari Agro Chemicals
ChemicalsNSE: ZUARI BSE: 534742 Fertilizers
Key Fundamentals
MicrocapFertilizersChemicalsMarket Cap
₹919 Cr
Volatility
Moderate
P/E Ratio
0.99
EBITDA
₹330 Cr
Return on Equity
47.01%
Debt to Equity
0.31
Book Value
₹496.69
EPS
₹31.68
52W High
₹345.6
52W Low
₹175.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.44 times its book value
Weaknesses
7- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.89% over past five years.
- Company has a low return on equity of 4.44% over last 3 years.
- Contingent liabilities of Rs.374 Cr.
- Promoters have pledged 27.6% of their holding.
- Earnings include an other income of Rs.1,074 Cr.
- Dividend payout has been low at 2.72% of profits over last 3 years
Growth Rate
Revenue Growth
-28.29% lower than
3Y
Net Income Growth
325% higher than
3Y
Cash Flow Change
-60.26% lower than
3Y
ROE
413% higher than
3Y
ROCE
220% lower than
3Y
EBITDA Margin (Avg.)
8.82% higher than
3Y
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,205 | 1,649 | 843 | 898 | 1,097 | 1,123 | 1,264 | 952 | 1,246 | 1,423 | 344 | 187 | 615 |
| Expenses | 1,116 | 1,510 | 768 | 879 | 978 | 1,022 | 1,148 | 920 | 1,105 | 1,249 | 334 | 202 | 556 |
| Operating Profit | 90 | 139 | 75 | 19 | 118 | 101 | 117 | 32 | 141 | 174 | 9 | -14 | 59 |
| OPM % | 7% | 8% | 9% | 2.1% | 11% | 9% | 9% | 3.4% | 11% | 12% | 2.7% | -8% | 10% |
| Other Income | 15 | 45 | 43 | 131 | 12 | 81 | 51 | 61 | 72 | 923 | 43 | 11 | 97 |
| Interest | 57 | 55 | 49 | 51 | 48 | 44 | 40 | 36 | 34 | 32 | 18 | 17 | 18 |
| Depreciation | 23 | 23 | 24 | 25 | 25 | 25 | 26 | 25 | 25 | 25 | 4 | 5 | 5 |
| PBT | 25 | 106 | 45 | 74 | 56 | 113 | 101 | 32 | 154 | 1,040 | 30 | -25 | 133 |
| Tax % | 106% | 37% | 37% | -4% | 48% | 18% | 20% | 16% | 17% | 19% | -34% | 0% | 11% |
| Net Profit | -2 | 67 | 29 | 77 | 29 | 93 | 81 | 27 | 127 | 840 | 40 | -25 | 119 |
| EPS in Rs | -5.77 | 8.44 | 3.19 | 17.87 | 2.18 | 19.31 | 12.97 | 4.72 | 23.54 | 192 | 9.43 | -5.95 | 28.17 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,613 | 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 | 7,313 | 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 | 300 | 277 | 472 | 542 | 320 | -340 | 35 | 239 | 338 | 362 | 378 | 311 | 228 |
| OPM % | 4% | 3.6% | 7% | 7% | 4% | -11% | 1.4% | 7% | 7% | 8% | 9% | 10% | 9% |
| Other Income | 71 | 50 | 23 | 113 | -11 | 124 | 146 | 220 | 616 | 195 | 195 | 1,048 | 1,074 |
| Interest | 318 | 419 | 440 | 404 | 488 | 278 | 200 | 173 | 207 | 211 | 168 | 101 | 85 |
| Depreciation | 30 | 66 | 77 | 83 | 87 | 68 | 68 | 67 | 79 | 95 | 102 | 59 | 39 |
| PBT | 23 | -157 | -22 | 169 | -266 | -562 | -88 | 218 | 668 | 251 | 303 | 1,199 | 1,178 |
| Tax % | 29% | -22% | -40% | 14% | 3% | 37% | 44% | 22% | 19% | 32% | 24% | 18% | — |
| Net Profit | 14 | -123 | -13 | 146 | -273 | -773 | -126 | 171 | 539 | 171 | 231 | 982 | 974 |
| EPS in Rs | 2.13 | -27.4 | -5.22 | 27.91 | -68.57 | -191 | -37.35 | 31.01 | 113 | 23.74 | 39.18 | 219 | 223 |
| Div. Payout % | 94% | -7% | -19% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 839 | -869 | 1,097 | 293 | -355 | 2,635 | 1,521 | 571 | 95 | 473 | 511 | 203 |
| Investing | -286 | -489 | -40 | -63 | -103 | -16 | -171 | -137 | 426 | 3 | -122 | -69 |
| Financing | -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 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Zuari Agro Chemicals insights
32 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Intimation Of Interim Orders Received From Regional Director, Western Region, Ministry Of Corporate Affairs, Mumbai
1d - Received May 8, 2026 four MCA interim orders; Rs66 lakh compounding fees levied on directors for disclosure issues. 1d - Received May 8, 2026 four MCA interim orders; Rs66 lakh compounding fees levied on directors for disclosure issues.
2
Intimation Regarding Change Of Corporate Identification Number (CIN) Of The Company
7 May - Company CIN changed to L20121GA2009PLC006177 effective 7 May 2026 after amended object clause. 7 May - Company CIN changed to L20121GA2009PLC006177 effective 7 May 2026 after amended object clause.
3
Board Meeting Intimation for Board Meeting Intimation For Considering, Inter Alia, The Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026
7 May - Board meeting on 15 May 2026 to consider audited standalone and consolidated FY26 results. 7 May - Board meeting on 15 May 2026 to consider audited standalone and consolidated FY26 results.
5
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015
29 Apr - Received 21 Apr 2026 demand notice for Rs. 296.46 crore water/sewerage arrears; company disputes it. 29 Apr - Received 21 Apr 2026 demand notice for Rs. 296.46 crore water/sewerage arrears; company disputes it.
2
Intimation Regarding Dispatch Of Letter Under Regulation 36(1)(B) Of SEBI (LODR) Regulations 2015 26 Aug 2026
General_Announcements
4
Notice Of 17Th (Seventeenth) Annual General Meeting And Annual Report For The Financial Year 2025-26
24 Aug 2026
Intimation
Frequently Asked Questions about Zuari Agro Chemicals
What does Zuari Agro Chemicals Ltd do?
Incorporated in 1967, Zuari Agro Chemicals Ltd manufactures, trades and markets chemical fertilizers and fertilizer
products[1]
Where is Zuari Agro Chemicals Ltd (ZUARI) listed?
Zuari Agro Chemicals Ltd trades as ZUARI on the NSE and under code 534742 on the BSE.
Which sector does Zuari Agro Chemicals Ltd belong to?
Zuari Agro Chemicals Ltd is classified under the Chemicals sector, in the Fertilizers industry.
What is the market capitalisation of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd has a market capitalisation of ₹918.88 Cr, which places it in the Small Cap band.
What is the PE ratio of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd trades at a PE ratio of 0.99, on earnings per share of ₹31.68, against a book value of ₹496.69 per share.
What is the 52-week high and low of Zuari Agro Chemicals Ltd?
Over the last 52 weeks Zuari Agro Chemicals Ltd has traded between ₹175.1 and ₹345.6.
What is the Return on Equity (ROE) of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd reported a return on equity of 47.01%. Its debt-to-equity ratio is 0.31.
Company Information
Incorporated in 1967, Zuari Agro Chemicals Ltd manufactures, trades and markets chemical fertilizers and fertilizer products[1]
Website zuari.in
CEO Mr. Nitin Manguesh Kantak
Employees 30
Listed 2012-11-27
Face Value ₹ 10
Issued Size 4,20,58,006
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