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Zuari Industries

ZUARIIND NSE
₹239.87 No trade today
P/E
6.58
View as Markdown
MCP
Close 4 Nov 2026 ₹239.87 −75.48 −23.9% 1Y
Start ₹315.35

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
5.45%
Debt to Equity
0.75
EPS (TTM)
₹36.44
Book Value
₹1,196.16
Market Cap
—
P/E (TTM)
6.58
P/B
0.20
ROE
2.71%
Dividend Yield
0.42%
EBITDA
₹181 Cr
52W High
₹364.00
52W Low
₹210.00
Volume
0

Peer Comparison

Fast Moving Consumer Goods › Consumer Goods › Sugar

Zuari Industries peer comparison
Balrampur Chini Mills
₹673.6536.85₹14,183 Cr3.110.53%9.51%9.27%₹6,366 Cr₹371 Cr
Triveni Engineering & Industries
₹245.6119.57₹5,499 Cr1.751.14%8.68%9.02%₹6,173 Cr₹270 Cr
Bajaj Hindusthan Sugar
₹18.83104.61₹4,423 Cr4.710.00%24.40%3.11%₹5,332 Cr₹116 Cr
Bannari Amman Sugars
₹3,459.1035.63₹4,389 Cr2.270.36%7.26%8.75%₹1,670 Cr₹122 Cr
Shree Renuka Sugars
₹18.49—₹3,865 Cr—0.00%—−3.06%₹9,365 Cr−₹780 Cr
Dalmia Bharat Sugar & Industries
₹483.5518.89₹3,739 Cr1.211.45%7.33%8.25%₹3,525 Cr₹207 Cr
Avadh Sugar & Energy
₹894.8027.16₹1,708 Cr1.591.20%5.63%6.83%₹2,756 Cr₹66 Cr
Zuari Industries (this company)
₹239.876.58₹721 Cr0.200.42%2.71%5.45%₹1,099 Cr₹106 Cr
Median 8 companies₹364.5827.16₹4,127 Cr1.750.48%7.33%7.54%₹4,429 Cr₹119 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

53 Average

Data confidence 100/100

Category scores

Quality
52
Average
Returns, margins, earnings quality 22% weight
Valuation
80
Strong
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
23
Poor
Solvency, leverage, coverage 9% weight
Momentum
26
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
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

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.824 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsNeutral252
Moving AveragesStrong Bearish901

Key readings

RSI (14)
36.19
Neutral
MACD (12,26,9)
−9.43
Bearish
SMA (50)
266.48
Bearish
SMA (200)
260.41
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

Revenue growth by window
10Y+6.57%
5Y+4.61%
3Y+3.05%
1Y+7.73%
TTM+9.70%

Net profit

Net profit growth by window
10YTurned to profit
5YTurned to profit
3Y−30.00%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+5.73%
3Y−18.80%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+9.50 pp
5Y+7.87 pp
3Y+3.86 pp
1Y+1.64 pp
TTM−0.64 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹603 Cr
Mar 2018₹550 Cr
Mar 2019₹774 Cr
Mar 2020₹771 Cr
Mar 2021₹834 Cr
Mar 2022₹722 Cr
Mar 2023₹955 Cr
Mar 2024₹838 Cr
Mar 2025₹970 Cr
Mar 2026₹1,045 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹20.00 Cr
Mar 2018−₹41.00 Cr
Mar 2019−₹148 Cr
Mar 2020−₹396 Cr
Mar 2021−₹98.00 Cr
Mar 2022−₹35.00 Cr
Mar 2023₹309 Cr
Mar 2024₹713 Cr
Mar 2025−₹94.00 Cr
Mar 2026₹106 Cr

Quarterly Results

₹ Cr
ZUARIIND quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
46.48
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
−47.62
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
−14.78
−25.24
−20.75
−0.48
164
−26.43
−31.61
0.05
EPS (₹)
−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

₹ Cr
ZUARIIND profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
−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 %
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.
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.
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.
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.
1%
0%
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.
3%
—

Balance Sheet

₹ Cr
ZUARIIND balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
ZUARIIND cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

ZUARIIND financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Zuari Industries insights

69 extracted metrics across FY02–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.71%
  • Public 31.20%
  • Others 9.64%
  • FIIs 1.24%
  • DIIs 1.17%
  • Government 0.04%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

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.
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 PE ratio of Zuari Industries Ltd?
Zuari Industries Ltd trades at a PE ratio of 6.58 as of 4 Nov 2026, on earnings per share of ₹36.44, 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 ₹364 as of 4 Nov 2026.
Does Zuari Industries Ltd pay dividends?
Zuari Industries Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of Zuari Industries Ltd?
Zuari Industries Ltd reported a return on equity of 2.71%. 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.

Website adventz.com
CEO Mr. Athar Shahab
Employees 374
Listed 12 Apr 1995
Face Value ₹10

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