Zuari Industries
ZUARIIND NSE
Zuari Industries
Consumer GoodsNSE: ZUARIIND BSE: 500780 Sugar
Key Fundamentals
MicrocapSugarConsumer GoodsMarket Cap
₹795 Cr
Volatility
Moderate
P/E Ratio
7.5
EBITDA
₹181 Cr
Return on Equity
2.94%
Debt to Equity
0.75
Book Value
₹1,196.16
EPS
₹5.05
52W High
₹416
52W Low
₹210
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 0.23 times its book value
- Market value of investments Rs.3,099 Cr. is more than the Market Cap Rs.813 Cr.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.62% over past five years.
- Company has a low return on equity of -0.25% over last 3 years.
- Earnings include an other income of Rs.346 Cr.
Growth Rate
Revenue Growth
6.71% higher than
3Y
Net Income Growth
-212% lower than
3Y
Cash Flow Change
—
ROE
-256% lower than
3Y
ROCE
193% higher than
3Y
EBITDA Margin (Avg.)
5.17% 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 | 191 | 269 | 116 | 262 | 226 | 237 | 235 | 272 | 257 | 241 | 263 | 284 | 312 |
| Expenses | 243 | 282 | 126 | 142 | 201 | 233 | 242 | 245 | 232 | 230 | 270 | 253 | 298 |
| Operating Profit | -52.35 | -13.38 | -10.49 | 121 | 24.7 | 3.94 | -7.12 | 27.6 | 25.24 | 10.82 | -7.72 | 30.22 | 14.18 |
| OPM % | -27.41% | -4.98% | -9.06% | 46.05% | 10.94% | 1.66% | -3.03% | 10.14% | 9.8% | 4.49% | -2.94% | 10.66% | 4.55% |
| Other Income | 81.99 | 60.32 | 891 | 14.98 | 16.68 | 58.95 | 54.03 | 24.58 | 44.8 | 225 | 46.86 | 19.79 | 54.77 |
| Interest | 68.59 | 73.81 | 71.92 | 67.61 | 68.87 | 70.8 | 63.35 | 59.02 | 63 | 61.47 | 56.19 | 61.99 | 61.54 |
| Depreciation | 6.64 | 6.92 | 6.94 | 6.86 | 6.81 | 7.04 | 7.22 | 7.83 | 7.44 | 7.34 | 7.71 | 7.66 | 7.98 |
| PBT | -45.59 | -33.79 | 802 | 61.34 | -34.3 | -14.95 | -23.66 | -14.67 | -0.4 | 167 | -24.76 | -19.64 | -0.57 |
| Tax % | 4.3% | -4.79% | 9.1% | -3.33% | -2.01% | -1.2% | 6.64% | 41.51% | 17.5% | 1.64% | 6.79% | 60.9% | -108.77% |
| Net Profit | -47.54 | -32.16 | 729 | 63.38 | -33.61 | -14.77 | -25.24 | -20.75 | -0.48 | 164 | -26.43 | -31.61 | 0.05 |
| EPS in Rs | -15.85 | -10.67 | 245 | 21.35 | -11.2 | -4.84 | -8.31 | -6.95 | 0.02 | 55.34 | -8.69 | -10.41 | 0.2 |
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 | 520 | 553 | 603 | 550 | 774 | 771 | 834 | 722 | 955 | 838 | 970 | 1,045 | 1,099 |
| Expenses | 518 | 568 | 575 | 556 | 905 | 1,031 | 843 | 710 | 927 | 786 | 921 | 974 | 1,052 |
| Operating Profit | 2 | -15 | 29 | -6 | -131 | -260 | -9 | 12 | 28 | 52 | 50 | 71 | 48 |
| OPM % | 0.5% | -2.8% | 4.8% | -1.1% | -17% | -34% | -1.1% | 1.7% | 2.9% | 6% | 5% | 7% | 4.3% |
| Other Income | 21 | 3 | 32 | 107 | 100 | 121 | 127 | 230 | 562 | 1,041 | 154 | 324 | 346 |
| Interest | 34 | 39 | 66 | 119 | 113 | 160 | 202 | 264 | 248 | 282 | 262 | 243 | 241 |
| Depreciation | 8 | 8 | 15 | 20 | 21 | 25 | 29 | 23 | 27 | 27 | 29 | 30 | 31 |
| PBT | -19 | -60 | -20 | -38 | -165 | -325 | -113 | -45 | 314 | 784 | -88 | 122 | 122 |
| Tax % | 57% | -36% | 1% | 9% | -11% | 22% | -13% | -22% | 1% | 9% | 8% | 13% | — |
| Net Profit | -26 | -38 | -20 | -41 | -148 | -396 | -98 | -35 | 309 | 713 | -94 | 106 | 106 |
| EPS in Rs | -8.93 | -14.96 | -8.8 | -10.56 | -43.68 | -125 | -29.2 | -12.19 | 104 | 240 | -31.3 | 36.25 | 36.44 |
| Div. Payout % | -11% | -7% | -11% | -9% | -2% | -1% | -7% | -8% | 1% | 0% | -3% | 3% | — |
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 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 30 | 30 |
| Reserves | 649 | 1,760 | 1,880 | 2,378 | 2,152 | 1,137 | 1,849 | 2,885 | 2,312 | 3,830 | 4,959 | 3,533 |
| Borrowings | 623 | 760 | 866 | 1,153 | 1,471 | 1,940 | 2,288 | 2,512 | 2,691 | 2,436 | 2,568 | 2,657 |
| Other Liabilities | 556 | 442 | 459 | 624 | 773 | 830 | 740 | 816 | 774 | 1,195 | 1,364 | 942 |
| Total Liabilities | 1,858 | 2,991 | 3,235 | 4,184 | 4,426 | 3,937 | 4,907 | 6,243 | 5,807 | 7,492 | 8,920 | 7,162 |
| Fixed Assets | 252 | 370 | 539 | 550 | 544 | 698 | 665 | 654 | 645 | 622 | 609 | 616 |
| CWIP | 169 | 142 | 12 | 8 | 71 | 3 | 2 | 7 | 1 | 6 | 7 | 6 |
| Investments | 375 | 1,433 | 1,600 | 2,211 | 2,023 | 1,132 | 1,877 | 3,180 | 2,586 | 4,852 | 6,379 | 4,851 |
| Other Assets | 1,063 | 1,046 | 1,084 | 1,415 | 1,788 | 2,104 | 2,364 | 2,401 | 2,575 | 2,012 | 1,926 | 1,689 |
| Total Assets | 1,858 | 2,991 | 3,235 | 4,184 | 4,426 | 3,937 | 4,907 | 6,243 | 5,807 | 7,492 | 8,920 | 7,162 |
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 | -288 | -12 | 109 | -125 | -45 | 126 | 109 | 62 | 269 | 71 | -1 | 144 |
| Investing | 41 | -45 | -5 | -97 | -114 | -360 | -204 | 69 | -159 | 475 | 183 | 20 |
| Financing | 238 | 66 | -98 | 214 | 160 | 232 | 90 | -87 | -89 | -583 | -163 | -175 |
| Net Cash Flow | -8 | 9 | 5 | -9 | 2 | -2 | -5 | 44 | 22 | -36 | 18 | -12 |
| Free Cash Flow | -387 | -98 | 100 | -153 | -169 | 33 | 108 | 56 | 259 | 101 | -16 | 118 |
| CFO/OP | -11,600 | -8 | 326 | 1,963 | 51 | -51 | -1,010 | 728 | 1,012 | 136 | -47 | 226 |
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 | 69 | 62 | 56 | 86 | 49 | 51 | 40 | 37 | 31 | 24 | 27 | 23 |
| Inventory Days | 1,432 | 896 | 831 | 1,809 | 1,840 | 1,215 | 864 | 1,031 | 629 | 502 | 405 | 434 |
| Days Payable | 580 | 295 | 383 | 825 | 626 | 465 | 260 | 283 | 142 | 162 | 98 | 102 |
| Cash Conversion Cycle | 922 | 663 | 505 | 1,071 | 1,263 | 800 | 644 | 785 | 518 | 364 | 334 | 356 |
| Working Capital Days | 82 | -27 | 11 | 79 | 161 | 94 | 92 | 81 | 72 | -537 | -349 | -409 |
| ROCE % | 3% | -1% | 2% | 3% | -2% | -5% | 3% | 4% | 11% | 4% | 3% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Zuari Industries insights
50 extracted metrics + investor summaries across FY15–FY27.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Were sold/purchased prior to 1 April 2019 . The said publications have been made pursuant to SEBI Circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026. 1d - Were sold/purchased prior to 1 April 2019 . The said publications have been made pursuant to SEBI Circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
21 Apr - Were sold/purchased prior to 1 April 2019 . The said publications have been made pursuant to SEBI Circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026. 21 Apr - Were sold/purchased prior to 1 April 2019 . The said publications have been made pursuant to SEBI Circular no. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026.
Frequently Asked Questions about Zuari Industries
What does Zuari Industries Ltd do?
Incorporated in 1967, Zuari Industries Ltd
is in the business of real estate, investment services, engineering services, management services, manufacturing and trading of furniture, manufacturing and sale of sugar and its by products, ethanol and generation of power.[1]
Where is Zuari Industries Ltd (ZUARIIND) listed?
Zuari Industries Ltd trades as ZUARIIND on the NSE and under code 500780 on the BSE.
Which sector does Zuari Industries Ltd belong to?
Zuari Industries Ltd is classified under the Consumer Goods sector, in the Sugar industry.
What is the market capitalisation of Zuari Industries Ltd?
Zuari Industries Ltd has a market capitalisation of ₹795.16 Cr, which places it in the Small Cap band.
What is the PE ratio of Zuari Industries Ltd?
Zuari Industries Ltd trades at a PE ratio of 7.50, on earnings per share of ₹5.05, against a book value of ₹1,196.16 per share.
What is the 52-week high and low of Zuari Industries Ltd?
Over the last 52 weeks Zuari Industries Ltd has traded between ₹210 and ₹416.
Does Zuari Industries Ltd pay dividends?
Zuari Industries Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Zuari Industries Ltd?
Zuari Industries Ltd reported a return on equity of 2.94%. Its debt-to-equity ratio is 0.75.
Company Information
Incorporated in 1967, Zuari Industries Ltd is in the business of real estate, investment services, engineering services, management services, manufacturing and trading of furniture, manufacturing and sale of sugar and its by products, ethanol and generation of power.[1]
Website adventz.com
CEO Mr. Athar Shahab
Employees 374
Listed 1995-04-12
Face Value ₹ 10
Issued Size 2,97,81,184
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