Zuari Agro Chemicals Ltd

₹ 225 0.25%

04 Sep 3:32 p.m.

About

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

Key Points

Business Overview:^[1]^[2]
ZACL is the erstwhile flagship company of Adventz Group. It was manufacturing and marketing Single Super Phosphate (SSP)
and other fertiliser products through its
brand Jai Kisaan, which it divested to group company Paradeep Phosphates
through a slump sale.
Currently, the company is primarily
a holding company, with its main
economic interest through its share
in a JV Zuari Maroc Phosphates Private
Limited (ZMPPL), through which it owns
~56% stake in the Paradeep Phosphates.
Some continuing operations in fertiliser retail
are still under continuation.
The company also holds large land banks in Goa but hasn't been able to monetise land bank due to changes in land policies in Goa.

Website BSE NSE

Market Cap ₹ 946 Cr.
Current Price ₹ 225
High / Low ₹ 346 / 175
Stock P/E
Book Value ₹ 150
Dividend Yield 0.00 %
ROCE 0.57 %
ROE -97.2 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -75.1% over last 3 years.
Contingent liabilities of Rs.373 Cr.
Promoters have pledged 27.6% of their holding.
Earnings include an other income of Rs.1,186 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Fertilizers & Agrochemicals Fertilizers

Part of BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	41	15	10	17	26	0	0	0	0	0	0	0	0
	42	28	16	21	27	2	3	5	2	2	2	6	2
Operating Profit	-2	-13	-6	-3	-1	-2	-3	-5	-2	-2	-2	-6	-2
OPM %	-3.9%	-91%	-55%	-18%	-3.0%
	9	24	3	113	5	19	-2	5	-2	1,178	0	7	0
Interest	26	26	24	26	22	22	22	21	15	14	14	14	14
Depreciation	1	1	1	1	1	0	0	0	0	0	0	0	0
Profit before tax	-19	-17	-27	84	-19	-5	-27	-22	-19	1,162	-16	-12	-16
Tax %	0%	0%	0%	0%	0%	0%	0%	6%	0%	14%	-53%	17%	0%
	-19	-17	-27	84	-19	-5	-27	-23	-19	996	-8	-15	-16
EPS in Rs	-4.44	-3.93	-6.45	19.90	-4.47	-1.13	-6.34	-5.43	-4.41	236.74	-1.84	-3.47	-3.91
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	5,504	5,264	4,077	4,648	4,731	50	0	83	165	83	0	0	0
	5,281	5,071	3,780	4,303	4,639	634	165	91	189	107	11	12	13
Operating Profit	223	193	296	344	92	-584	-165	-8	-24	-24	-11	-12	-13
OPM %	4.0%	3.7%	7%	7%	1.9%	-1,162%	-149,673%	-9%	-15%	-28%
	49	103	-7	53	-23	758	50	45	501	150	25	1,184	1,186
Interest	233	301	330	316	377	157	118	116	101	101	86	58	57
Depreciation	18	32	39	43	43	8	4	4	4	3	0	0	0
Profit before tax	21	-37	-80	39	-351	10	-237	-82	371	21	-72	1,114	1,116
Tax %	40%	-75%	-24%	22%	-6%	2,090%	0%	1%	21%	0%	2%	14%
	12	-9	-60	30	-329	-189	-237	-83	294	21	-73	955	957
EPS in Rs	2.94	-2.15	-14.35	7.21	-78.21	-45.00	-56.38	-19.84	69.87	5.09	-17.38	227.02	227.52
Dividend Payout %	68%	-93%	-7%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	-14%
3 Years:	%
TTM:	35%

Stock Price CAGR
10 Years:	2%
5 Years:	13%
3 Years:	12%
1 Year:	-25%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-75%
Last Year:	-97%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	761	747	620	632	274	75	-151	-193	128	161	94	591
	2,382	3,353	3,096	3,140	3,521	1,804	909	1,229	656	632	567	523
	1,244	764	949	1,246	1,869	1,735	2,428	2,103	260	240	431	177
Total Liabilities	4,430	4,906	4,707	5,060	5,706	3,656	3,229	3,180	1,087	1,075	1,133	1,332
	266	369	487	506	545	493	80	75	65	62	58	13
CWIP	98	89	129	114	119	121	0	0	1	2	4	0
Investments	329	371	911	886	751	1,175	1,184	1,549	867	872	633	1,274
	3,737	4,078	3,180	3,554	4,291	1,868	1,965	1,557	154	137	438	46
Total Assets	4,430	4,906	4,707	5,060	5,706	3,656	3,229	3,180	1,087	1,075	1,133	1,332

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	639	-397	786	279	-76	2,065	525	539	9	3	242	-368
	-237	-374	-2	-17	-39	56	-83	95	683	129	35	321
	-403	773	-785	-235	89	-2,076	-437	-685	-689	-116	-148	-100
Net Cash Flow	-1	2	-1	27	-26	45	4	-51	4	16	129	-147
Free Cash Flow	570	-501	661	247	-161	2,051	515	522	75	115	262	-369
CFO/OP	291%	-199%	276%	82%	-97%	-353%	-297%	-7,050%	-68%	-23%	-2,175%	2,924%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	176	188	198	173	186	5,964	33	47	95	113
Inventory Days	48	37	55	71	124	2,396	9,380	118	105	164
Days Payable	80	45	74	99	151	13,217	131,144	797	523	781
Cash Conversion Cycle	143	180	179	145	159	-4,857	-121,731	-631	-323	-504
Working Capital Days	-11	-26	-65	-64	-59	-11,615	-4,160,336	-4,956	-1,337	-2,944
ROCE %	8%	8%	8%	10%	4%	-19%	-9%	4%	-1%	1%	-0%	1%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
count

xxx	xxx	xxx	x,xxx	x,xxx	xxx	xxx	xx	xx	xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx	xx.xx	xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx	xx,xxx	xxx,xxx	xx,xxx	x	xx,xxx	xxx,xxx	xx,xxx	xx,xxx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xxx,xxx.xx	xx,xxx.xx	xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
				x	x	x	x	x	x
xxx,xxx	xxx,xxx	xxx,xxx					xxx,xxx	xxx,xxx	xxx,xxx
								xx	xx
								x	x

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SSP Capacity Utilization
%

SSP Production Volume
MT

SSP Sales Volume
MT

Agricultural Development Labs (ADLs)
count

SSP Installed Capacity
TPA

Market Share in Karnataka (SSP)
%

Market Share in Maharashtra (SSP)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.28%	65.28%	65.28%	65.28%	65.21%	65.21%	65.21%	65.21%	65.21%	65.20%	65.20%	65.20%
	1.02%	1.58%	1.27%	1.08%	1.18%	2.52%	1.33%	2.67%	2.85%	2.71%	2.84%	2.34%
	1.00%	1.00%	1.00%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.10%
	32.70%	32.13%	32.46%	33.55%	33.51%	32.18%	33.37%	32.03%	31.85%	32.00%	31.88%	32.35%
No. of Shareholders	32,127	33,845	37,655	39,757	45,084	44,277	46,257	44,892	47,405	45,524	44,493	43,594

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	66.08%	66.08%	65.04%	65.04%	65.04%	65.04%	65.28%	65.28%	65.21%	65.20%	65.20%
	0.41%	1.63%	2.21%	0.97%	0.90%	1.01%	1.13%	1.27%	1.33%	2.84%	2.34%
	10.06%	9.29%	8.08%	5.16%	3.06%	1.42%	1.00%	1.00%	0.09%	0.09%	0.10%
	0.00%	0.00%	0.00%	0.21%	0.23%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%
	23.46%	23.01%	24.66%	28.62%	30.76%	32.24%	32.58%	32.46%	33.37%	31.88%	32.35%
No. of Shareholders	34,632	38,041	38,621	24,457	26,337	28,102	30,996	37,655	46,257	44,493	43,594

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Zuari Agro Chemicals Ltd

Zuari Agro Chemicals Ltd

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Quarterly Results

Profit & Loss

Balance Sheet

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