Zuari Agro Chemicals Ltd

Zuari Agro Chemicals Ltd

₹ 156 -1.64%
21 Sep - close price
About

Zuari Agro Chemicals Ltd is in the business of manufacturing, trading and marketing of chemical fertilisers and fertiliser products.
The Company caters to the demand of the farmers across the country, through its “Jai Kisaan” brand of Fertilisers. [1]

Key Points

Products & Brands
The co sells different products under Jai Kisaan brand portfolio which include:
Fertilisers: Samarth, Sampatti, Sampurna, Samrat, SOP, Urea & Suraksha.
Specialty Fertilisers: Atom 61, Boon 45, Boost 52, Calnit 19, Poorna 19, Sanjeevni, Satej, Sulpho 50.
Organic Manure: JK Compost
Micro nutrients: Adbor, Gandhak 90, Granubor Natur, Zinc 21. [1]

  • Market Cap 654 Cr.
  • Current Price 156
  • High / Low 198 / 116
  • Stock P/E 5.38
  • Book Value 40.4
  • Dividend Yield 0.00 %
  • ROCE 4.58 %
  • ROE -601 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.85 times its book value
  • Company has low interest coverage ratio.
  • Promoters have pledged 49.1% of their holding.
  • Debtor days have increased from 58.5 to 95.0 days.

* 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

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
0 0 0 0 0 32 25 26 52 28 46 39 41
84 37 34 10 2 34 27 27 54 44 50 43 42
Operating Profit -84 -37 -34 -10 -2 -2 -2 -1 -1 -16 -4 -4 -2
OPM % -75,936% -7% -8% -4% -2% -59% -9% -10% -4%
9 6 9 26 6 27 -11 23 1,134 3 3 -639 9
Interest 35 33 33 17 30 31 28 26 22 27 26 26 26
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -110 -65 -59 -2 -28 -7 -42 -5 1,111 -42 -28 -670 -19
Tax % 0% 0% 0% 0% 0% 0% 0% -23% 23% 12% 24% 26% 0%
-110 -65 -59 -2 -28 -7 -42 -6 850 -36 -21 -499 -19
EPS in Rs -26.26 -15.51 -14.06 -0.54 -6.67 -1.67 -10.01 -1.49 202.12 -8.65 -5.06 -118.54 -4.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6,181 5,233 5,173 5,504 5,264 4,077 4,648 4,731 50 0 83 165 153
5,951 5,025 4,996 5,281 5,071 3,780 4,303 4,639 634 165 95 190 179
Operating Profit 229 208 177 223 193 296 344 92 -584 -165 -12 -26 -26
OPM % 4% 4% 3% 4% 4% 7% 7% 2% -1,162% -149,673% -15% -15% -17%
55 57 125 49 103 -7 53 -23 758 50 50 501 -624
Interest 116 210 260 233 301 330 316 377 157 118 116 100 104
Depreciation 18 24 21 18 32 39 43 43 8 4 4 4 3
Profit before tax 150 30 21 21 -37 -80 39 -351 10 -237 -82 371 -758
Tax % 31% 20% -26% 40% 75% 24% 22% 6% 2,090% 0% -1% 21%
103 24 26 12 -9 -60 30 -329 -189 -237 -83 294 -575
EPS in Rs 81.78 5.81 6.22 2.94 -2.15 -14.35 7.21 -78.21 -45.00 -56.38 -19.84 69.87 -136.69
Dividend Payout % 4% 52% 48% 68% -93% -7% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -29%
5 Years: -49%
3 Years: 49%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: 292%
Stock Price CAGR
10 Years: 7%
5 Years: -11%
3 Years: 25%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -601%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
42 42 42 42 42 42 42 42 42 42 42 42
Reserves 743 752 764 761 747 620 632 274 75 -151 -193 128
2,965 2,914 2,614 2,382 3,353 3,096 3,140 3,521 1,804 909 1,229 656
947 674 956 1,244 764 949 1,246 1,869 1,735 2,428 2,103 260
Total Liabilities 4,667 4,382 4,376 4,430 4,906 4,707 5,060 5,706 3,656 3,229 3,180 1,087
190 188 236 266 369 487 506 545 493 80 75 65
CWIP 20 81 78 98 89 129 114 119 121 0 0 1
Investments 198 198 329 329 371 911 886 751 1,175 1,184 1,549 867
4,260 3,916 3,733 3,737 4,078 3,180 3,554 4,291 1,868 1,965 1,557 154
Total Assets 4,667 4,382 4,376 4,430 4,906 4,707 5,060 5,706 3,656 3,229 3,180 1,087

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1,540 103 357 639 -397 786 279 -76 2,065 525 539 9
-47 -106 -32 -237 -374 -2 -17 -39 56 -83 95 683
1,920 -173 -481 -403 773 -785 -235 89 -2,076 -437 -685 -689
Net Cash Flow 332 -176 -155 -1 2 -1 27 -26 45 4 -51 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 174 207 202 176 188 198 173 186 5,964 33 47 95
Inventory Days 51 51 51 48 37 55 71 124 2,396 9,380 118 105
Days Payable 52 41 53 80 45 74 99 151 13,217 131,144 797 523
Cash Conversion Cycle 173 216 200 143 180 179 145 159 -4,857 -121,731 -631 -323
Working Capital Days 176 211 195 147 190 165 148 147 -3,942 -2,449,581 -3,106 -332
ROCE % 14% 6% 6% 8% 8% 8% 10% 4% -19% -9% 4% 5%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
65.04% 65.04% 65.04% 65.04% 65.04% 65.04% 65.04% 65.28% 65.28% 65.28% 65.28% 65.28%
0.90% 0.90% 0.90% 0.90% 0.95% 1.05% 1.01% 0.84% 1.43% 1.10% 1.13% 1.09%
4.69% 3.85% 3.06% 2.11% 2.11% 1.77% 1.42% 1.43% 1.08% 1.00% 1.00% 1.00%
0.21% 0.21% 0.23% 0.23% 0.23% 0.28% 0.28% 0.28% 0.00% 0.00% 0.00% 0.00%
29.16% 29.99% 30.76% 31.72% 31.66% 31.86% 32.24% 32.17% 32.22% 32.62% 32.58% 32.62%
No. of Shareholders 24,63824,51926,33730,93029,59628,69828,10230,01732,22530,90830,99631,697

* 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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