---
title: "Zuari Agro Chemicals Ltd (ZUARI) — Share Price, Financials & Analysis"
symbol: "ZUARI"
company: "Zuari Agro Chemicals Ltd"
canonical: "https://tapetide.com/stocks/ZUARI"
isin: "INE840M01016"
nse_symbol: "ZUARI"
bse_code: "534742"
sector: "Chemicals"
industry: "Fertilizers"
market_cap_cr: 918.88
generated_at: "2026-09-13T19:39:33.494Z"
---

# Zuari Agro Chemicals Ltd (ZUARI)

Canonical page: https://tapetide.com/stocks/ZUARI

## Company

- **NSE Symbol:** ZUARI
- **BSE Code:** 534742
- **ISIN:** INE840M01016
- **Sector:** Chemicals
- **Industry:** Fertilizers
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2012-11-27
- **CEO:** Mr. Nitin Manguesh Kantak
- **Employees:** 30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** zuari.in

## About

Incorporated in 1967, Zuari Agro Chemicals Ltd manufactures, trades and markets chemical fertilizers and fertilizer 
 products[1]

## Latest Price

- **Price:** ₹220.42
- **Change:** -2.62 (-1.17%)
- **Open:** ₹221.01
- **Day High:** ₹221.01
- **Day Low:** ₹218.02
- **Previous Close:** ₹223.04
- **Volume:** 62275
- **As Of:** 2026-09-11T09:59:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:37.161749Z.

- **Market Cap:** ₹918.88 Cr
- **Classification:** Microcap
- **P/E (reported):** 1
- **P/E (TTM):** 0.99
- **EPS (TTM):** ₹223.33
- **EPS (reported):** ₹31.68
- **Book Value:** ₹496.69
- **Price to Book:** 0.45
- **Dividend Yield:** 0%
- **ROE:** 47.01%
- **ROCE:** 55.23%
- **Debt to Equity:** 0.31
- **Revenue (yearly):** ₹3220 Cr
- **Net Income:** ₹982.4 Cr
- **EBITDA:** ₹329.7 Cr
- **52-Week High:** ₹345.6
- **52-Week Low:** ₹175.1
- **RSI (14):** 43.91

## Tapetide Score

- **Score:** 43 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 22.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 50.51 | 9% |
| growth | 1.1 | 9% |
| momentum | 39.76 | 12% |
| ownership | 36.48 | 24% |
| quality | 45.06 | 22% |
| valuation | 79.97 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.44 times its book value

### Weaknesses

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -60.26% | -57.04% | -64.42% |
| ebitda margin growth | — | 8.82% | -8.41% | 27.2% |
| net income growth | 572.91% | 325.28% | -42% | 17% |
| revenue growth | 253.57% | -28.29% | -11% | 6% |
| roce | — | 219.99% | 252.68% | 29.08% |
| roe | -572.87% | 412.65% | 21.22% | 138.27% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 1649 | 843 | 898 | 1097 | 1123 | 1264 | 952 | 1246 | 1423 | 344 | 187 | 615 |
| Expenses | 1510 | 768 | 879 | 978 | 1022 | 1148 | 920 | 1105 | 1249 | 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 | 1040 | 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 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7265 | 8103 | 3042 | 2404 | 3590 | 4553 | 4595 | 4436 | 3200 | 2569 |
| Expenses | 6722 | 7783 | 3382 | 2369 | 3351 | 4215 | 4233 | 4058 | 2888 | 2341 |
| Operating Profit | 542 | 320 | -340 | 35 | 239 | 338 | 362 | 378 | 311 | 228 |
| OPM % | 7 | 4 | -11 | 1.4 | 7 | 7 | 8 | 9 | 10 | 9 |
| Other Income | 113 | -11 | 124 | 146 | 220 | 616 | 195 | 195 | 1048 | 1074 |
| Interest | 404 | 488 | 278 | 200 | 173 | 207 | 211 | 168 | 101 | 85 |
| Depreciation | 83 | 87 | 68 | 68 | 67 | 79 | 95 | 102 | 59 | 39 |
| Profit before tax | 169 | -266 | -562 | -88 | 218 | 668 | 251 | 303 | 1199 | 1178 |
| Tax % | 14 | 3 | 37 | 44 | 22 | 19 | 32 | 24 | 18 | — |
| Net Profit | 146 | -273 | -773 | -126 | 171 | 539 | 171 | 231 | 982 | 974 |
| EPS in Rs | 27.91 | -68.57 | -190.74 | -37.35 | 31.01 | 113.33 | 23.74 | 39.18 | 218.7 | 223.33 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |
| Reserves | 1325 | 1423 | 1110 | 299 | 154 | 325 | 1539 | 1652 | 1814 | 2047 |
| Borrowings | 4299 | 4506 | 5235 | 3368 | 1851 | 2643 | 2108 | 1783 | 717 | 642 |
| Other Liabilities | 1914 | 2279 | 2886 | 2845 | 3297 | 3201 | 1361 | 1334 | 2453 | 512 |
| Total Liabilities | 7580 | 8250 | 9273 | 6554 | 5344 | 6211 | 5050 | 4811 | 5026 | 3242 |
| Fixed Assets | 1793 | 1798 | 1835 | 1862 | 1431 | 1424 | 1940 | 1957 | 865 | 159 |
| CWIP | 143 | 147 | 154 | 168 | 78 | 320 | 19 | 23 | 7 | 0 |
| Investments | 878 | 911 | 815 | 855 | 952 | 1126 | 1242 | 1270 | 1425 | 2581 |
| Other Assets | 4767 | 5395 | 6469 | 3668 | 2883 | 3341 | 1848 | 1561 | 2729 | 503 |
| Total Assets | 7580 | 8250 | 9273 | 6554 | 5344 | 6211 | 5050 | 4811 | 5026 | 3242 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1097 | 293 | -355 | 2635 | 1521 | 571 | 95 | 473 | 511 | 203 |
| Cash from Investing Activity | -40 | -63 | -103 | -16 | -171 | -137 | 426 | 3 | -122 | -69 |
| Cash from Financing Activity | -1003 | -148 | 360 | -2404 | -1188 | -296 | -697 | -527 | -494 | -335 |
| Net Cash Flow | 54 | 82 | -98 | 215 | 162 | 138 | -176 | -51 | -104 | -201 |
| Free Cash Flow | 952 | 221 | -502 | 2556 | 1449 | 344 | -150 | 453 | 433 | 103 |
| CFO/OP | 240 | 58 | -110 | -777 | 4344 | 249 | 44 | 160 | 152 | 81 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 198 | 170 | 176 | 266 | 69 | 64 | 63 | 48 | 7 | 10 |
| Inventory Days | 56 | 74 | 107 | 94 | 52 | 78 | 47 | 38 | 23 | 45 |
| Days Payable | 86 | 102 | 118 | 339 | 96 | 91 | 57 | 41 | 21 | 39 |
| Cash Conversion Cycle | 168 | 142 | 164 | 22 | 25 | 52 | 53 | 45 | 9 | 16 |
| Working Capital Days | -50 | -44 | -31 | -250 | -304 | -224 | -68 | -62 | -165 | -56 |
| ROCE % | 8 | 10 | 5 | -5 | 3 | 13 | 10 | 8 | 13 | 16 |

## Shareholding Pattern

### Quarterly

| Category | 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% | 65.21% | 65.21% | 65.21% |
| FIIs | 1.02% | 1.58% | 1.27% | 1.08% | 1.18% | 2.52% | 1.34% | 2.67% | 2.85% | 2.71% | 2.83% | 2.34% |
| DIIs | 1% | 1.09% | 1% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.09% | 0.1% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.66% | 23.18% | 24.76% | 26.74% | 27.42% | 26.4% | 27.77% | 26.6% | 26.67% | 26.97% | 26.83% | 26.93% |
| Others | 9.04% | 8.87% | 7.69% | 6.81% | 6.1% | 5.79% | 5.59% | 5.43% | 5.19% | 5.02% | 5.04% | 5.42% |
| No. of Shareholders | 32127 | 33845 | 37655 | 39757 | 45084 | 44277 | 46257 | 44892 | 47405 | 45524 | 44493 | 43594 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 226.03 | Sell |
| EMA (10) | 225.54 | Sell |
| SMA (20) | 227.5 | Sell |
| EMA (20) | 226.73 | Sell |
| SMA (50) | 228.75 | Sell |
| EMA (50) | 227.72 | Sell |
| SMA (100) | 229.2 | Sell |
| EMA (100) | 230.02 | Sell |
| SMA (200) | 242.58 | Sell |
| EMA (200) | 234.41 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.06 | Neutral |
| MACD (12,26,9) | -1.15 | Sell |
| Stochastic (14,3,3) | 10.71 | Buy |
| ADX (14) | 12.48 | Neutral |
| Williams %R (14) | -90.58 | Buy |
| ATR (14) | 6.68 | High Volatility |
| ROC (12) | -5.92 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 40.37 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f96a9d06-b5d2-4a47-8111-8da3b5dbb320.pdf) |
| 2026-08-26 | [Intimation Regarding Dispatch Of Letter Under Regulation 36(1)(B) Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8472063c-97fc-4adc-96f3-20462fe40990.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18040826-35a5-4d9f-bad8-c0d647ac6240.pdf) |
| 2026-08-24 | [Notice Of 17Th (Seventeenth) Annual General Meeting And Annual Report For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6a34345-a6c3-4c67-bc94-0b771759e898.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6841d3cf-9041-44d2-8520-e148cf185e2b.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a781da48-ec70-43f3-95ef-74f27ddef016.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39a1ac42-8849-4af0-9899-36d7fad33769.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=70a5738a-3409-4484-967c-f7c30eee6dd7.pdf) |
| 2026-07-31 | [Board Meeting Outcome for Outcome Of The Board Meeting Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11e62d6d-93d0-4e88-9d19-d402e9501eab.pdf) |
| 2026-07-30 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb8a9b09-8e38-4897-87ae-9355e9504f37.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-31 | [Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c787c9df-a657-4074-8b5f-9597643f163b.pdf) |
| 2026-05-15 | [Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75e6dfb8-c63d-4d5e-b58d-1ad881db2d42.pdf) |
| 2026-02-04 | [Unaudited Financial Results For The Quarter And Nine Months Ended 31-12-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=06b68671-ae74-4b61-b98f-345471bc8d93.pdf) |
| 2025-11-07 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8bf5e5e8-b0a2-4b42-a9ac-8d12d76a7440.pdf) |
| 2025-07-31 | [Unaudited Financial Results For The Quarter Ended 30-06-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2ef37706-c9a8-42c7-8ad7-66c8ab982a53.pdf) |
| 2025-05-14 | [Audited Financial Results For The Quarter And Year Ended 31-03-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbcb06ab-dd5c-4d32-a628-e28762b6ece1.pdf) |
| 2025-02-06 | [Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39ea79ac-14fb-43da-95ec-2b65e7f4b54c.pdf) |
| 2024-11-06 | [Unaudited Financial Results For The Quarter And Half Year Ended 30-09-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=52f9d2ed-7571-493f-abc2-c4f4015976bd.pdf) |
| 2024-08-03 | [Unaudited Financial Results For The Quarter Ended 30-06-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1463c912-26f7-4cdf-bd0c-3e8bedd1121b.pdf) |
| 2024-05-25 | [Board Meeting Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8abc54df-67e4-44db-83eb-43d720fe2547.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 May - Company CIN changed to L20121GA2009PLC006177 effective 7 May 2026 after amended object clause. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70e22ea4-0db2-4c6b-bbf9-e9d7da966951.pdf) |
| 7 May - Board meeting on 15 May 2026 to consider audited standalone and consolidated FY26 results. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/eade3901-cfe3-4e10-bca8-cd80fec07edf.pdf) |
| 6 Mar - SEBI settlement (Mar 5, 2026): INR 1,19,92,500 penalty; company and director debarred three months. | [Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015-SEBI Settlement Order 6 Mar - SEBI settlement (Mar 5, 2026): INR 1,19,92,500 penalty; company and director debarred three months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4228663a-6ebf-495b-b7c3-49e4dae5a76b.pdf) |
| 6 Apr - Regulation 74(5) certificate received for quarter ended 31 March 2026 from RTA. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr - Regulation 74(5) certificate received for quarter ended 31 March 2026 from RTA.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72734cee-52f6-4824-9e58-d7b54712e431.pdf) |
| 5 Feb - PFA Newspaper advertisement for publication of UFR for the quarter and nine months ended 31-12-2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Feb - PFA Newspaper advertisement for publication of UFR for the quarter and nine months ended 31-12-2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f75ad5b-d879-437f-a6be-7ab4d94397c5.pdf) |
| 29 Apr - Received 21 Apr 2026 demand notice for Rs. 296.46 crore water/sewerage arrears; company disputes it. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/651f49ce-480c-4d80-a9b4-8286f5b1450d.pdf) |
| 29 Apr - Received 21 Apr 2026 demand notice for Rs. 296.46 crore water/sewerage arrears; company disputes it. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/651f49ce-480c-4d80-a9b4-8286f5b1450d.pdf) |
| 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration. | [Closure of Trading Window 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9207d189-f2a2-449c-8388-01e9cf4172b9.pdf) |
| 25 Mar - Newspaper Advertisement of the Notice informing the shareholder about the opening of Special Window for transfer and dematerialization of Physical Shares | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Mar - Newspaper Advertisement of the Notice informing the shareholder about the opening of Special Window for transfer and dematerialization of Physical Shares](https://www.bseindia.com/xml-data/corpfiling/AttachHis/877d571a-943a-4f4e-a013-12492bfba80e.pdf) |
| 20 Mar - Members approved MOA amendment on 20 Mar 2026 to add mining activities, minerals, permissions and mining-related infrastructure. | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 20 Mar - Members approved MOA amendment on 20 Mar 2026 to add mining activities, minerals, permissions and mining-related infrastructure.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6114079-de0d-486f-ad0d-83737830bc80.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1252_ZUARI_2012_2013_29082013113802.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/080d2c1f-3c8c-435f-a95f-0f76762e0b16.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4494a96-82c6-4df0-8228-6ef60a51f543.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/303f8e92-1c6b-49d5-8fc3-880a5a4cd615.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/74396534742.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/69885534742.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/64908534742.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/5347420319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/5347420318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/534742/5347420317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:33.494Z.