Zuari Agro Chemicals
Chemicals
ZUARI NSE
₹191.21 +6.78 (+3.68%)
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹191.21 −47.99 −20.1% 1Y
Start ₹239.20
Key Fundamentals
MicrocapFertilizers & AgrochemicalsChemicalsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 16.40%
- Debt to Equity
- 0.31
- EPS (TTM)
- ₹223.33
- Book Value
- ₹596.75
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 0.32
- ROE
- 1.24%
- Dividend Yield
- 0.00%
- EBITDA
- ₹330 Cr
- 52W High
- ₹345.60
- 52W Low
- ₹173.92
- Day Range
- ₹182.29 – ₹192.75
- Volume
- 90,923
Peer Comparison
Commodities › Chemicals › Fertilizers
| ₹1,837.00 | 29.58 | ₹53,760 Cr | 4.32 | 0.61% | 16.40% | 22.00% | ₹32,602 Cr | ₹1,778 Cr | |
| ₹764.05 | — | ₹48,951 Cr | 36.61 | 0.03% | −2.94% | 4.02% | ₹5,934 Cr | −₹106 Cr | |
| ₹394.15 | 8.19 | ₹15,752 Cr | 1.52 | 1.31% | 20.00% | 25.20% | ₹20,123 Cr | ₹1,928 Cr | |
| ₹137.21 | 12.23 | ₹14,054 Cr | 1.99 | 1.12% | 16.20% | 15.40% | ₹23,447 Cr | ₹1,073 Cr | |
| ₹187.29 | 53.06 | ₹8,452 Cr | 10.11 | 0.27% | 31.30% | 19.30% | ₹1,874 Cr | ₹155 Cr | |
| ₹240.29 | 37.78 | ₹7,305 Cr | 13.25 | 0.22% | 38.20% | 27.20% | ₹2,555 Cr | ₹196 Cr | |
| ₹140.74 | 8.09 | ₹5,467 Cr | 0.43 | 3.67% | 5.51% | 7.16% | ₹12,344 Cr | ₹693 Cr | |
| Zuari Agro Chemicals (this company) | ₹191.21 | — | ₹783 Cr | 0.32 | 0.00% | 1.24% | 16.40% | ₹2,569 Cr | ₹974 Cr |
| Median 8 companies | ₹215.75 | 20.91 | ₹11,253 Cr | 3.16 | 0.44% | 16.30% | 17.85% | ₹9,139 Cr | ₹834 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
40 Weak
Data confidence 100/100
pledge:28%
Category scores
- Quality
- 44
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 78
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 1
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 36
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 17
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 34
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 0.42 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 5 | 3 |
| Oscillators | Bearish | 3 | 5 | 1 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Bearish
3
Neutral
5
Bullish
1
Overall
Strong Bearish
Bearish
11
Neutral
5
Bullish
3
Moving Averages
Strong Bearish
Bearish
8
Neutral
0
Bullish
2
Key readings
- RSI (14)
- 39.83
- Neutral
- MACD (12,26,9)
- −7.92
- Bearish
- SMA (50)
- 213.11
- Bearish
- SMA (200)
- 226.07
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −8.30% |
|---|---|
| 5Y | +5.89% |
| 3Y | −11.09% |
| 1Y | −27.86% |
| TTM | −43.97% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | +22.14% |
| 1Y | +325.11% |
| TTM | +196.95% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | −33.15% |
| 3Y | +28.80% |
| 1Y | −60.27% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +6.08 pp |
|---|---|
| 5Y | +8.26 pp |
| 3Y | +2.30 pp |
| 1Y | +1.20 pp |
| TTM | +0.35 pp |
Revenue by year
| Mar 2017 | ₹6,377 Cr |
|---|---|
| Mar 2018 | ₹7,265 Cr |
| Mar 2019 | ₹8,103 Cr |
| Mar 2020 | ₹3,042 Cr |
| Mar 2021 | ₹2,404 Cr |
| Mar 2022 | ₹3,590 Cr |
| Mar 2023 | ₹4,553 Cr |
| Mar 2024 | ₹4,595 Cr |
| Mar 2025 | ₹4,436 Cr |
| Mar 2026 | ₹3,200 Cr |
Net profit by year
| Mar 2017 | −₹13.00 Cr |
|---|---|
| Mar 2018 | ₹146 Cr |
| Mar 2019 | −₹273 Cr |
| Mar 2020 | −₹773 Cr |
| Mar 2021 | −₹126 Cr |
| Mar 2022 | ₹171 Cr |
| Mar 2023 | ₹539 Cr |
| Mar 2024 | ₹171 Cr |
| Mar 2025 | ₹231 Cr |
| Mar 2026 | ₹982 Cr |
Quarterly Results
₹ Cr| 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,205 | 1,649 | 843 | 898 | 1,097 | 1,123 | 1,264 | 952 | 1,246 | 1,423 | 344 | 187 | 615 | 398 |
| Expenses | 1,116 | 1,510 | 768 | 879 | 978 | 1,022 | 1,148 | 920 | 1,105 | 1,249 | 334 | 202 | 556 | 364 |
| Operating Profit | 90 | 139 | 75 | 19 | 118 | 101 | 117 | 32 | 141 | 174 | 9 | −14 | 59 | 34 |
| OPM % | 7% | 8% | 9% | 2.1% | 11% | 9% | 9% | 3.4% | 11% | 12% | 2.7% | −8% | 10% | 9% |
| Other Income | 15 | 45 | 43 | 131 | 9.9 | 81 | 51 | 61 | 72 | 923 | 43 | 11 | 97 | 33 |
| Interest | 57 | 55 | 49 | 51 | 48 | 44 | 40 | 36 | 34 | 32 | 18 | 17 | 18 | 18 |
| Depreciation | 23 | 23 | 24 | 25 | 25 | 25 | 26 | 25 | 25 | 25 | 4 | 5 | 5 | 5 |
| PBT | 25 | 106 | 45 | 74 | 54.55 | 113 | 101 | 32 | 154 | 1,040 | 30 | −25 | 133 | 44 |
| Tax % | 106% | 37% | 37% | −4% | 48% | 18% | 20% | 16% | 17% | 19% | −34% | 0% | 11% | 16% |
| Net Profit | −2 | 67 | 29 | 77 | 29 | 93 | 81 | 27 | 127 | 840 | 40 | −25 | 119 | 37 |
| EPS (₹) | −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 | — |
Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| 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 (₹) | 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% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 0% | 0% | — |
Balance Sheet
₹ Cr| 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
₹ Cr| 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
61 extracted metrics across FY12–FY27.
Documents
- Q3 FY19 concall · Feb 2019Transcript
- 15 May 2026
- 29 Aug 2022
- 16 Jul 2021
- 25 Sep 2020
- 30 Jul 2020
- 20 Jul 2020
- General announcements 7 Oct 2026
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
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 52-week high and low of Zuari Agro Chemicals Ltd?
Over the last 52 weeks Zuari Agro Chemicals Ltd has traded between ₹173.92 and ₹345.6 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Zuari Agro Chemicals Ltd?
Zuari Agro Chemicals Ltd reported a return on equity of 1.24%. 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
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