Zuari Agro Chemicals Ltd

Zuari Agro Chemicals Ltd

₹ 288 2.04%
19 Nov - close price
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 flagship company of Adventz Group. It is also the holding company for the other agri-business operations of the Adventz Group. Company is a single-window agricultural solution provider and manufacturer of high-quality complex fertilizers of various grades along with micro nutrients and speciality fertilizers. Company manufactures and markets Single Super Phosphate (SSP) through its brand Jai Kisaan

  • Market Cap 1,211 Cr.
  • Current Price 288
  • High / Low 395 / 155
  • Stock P/E 3.50
  • Book Value 602
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 9.06 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.48 times its book value

Cons

  • The company has delivered a poor sales growth of 7.84% over past five years.
  • Company has a low return on equity of 7.78% over last 3 years.
  • Earnings include an other income of Rs.1,108 Cr.
  • Dividend payout has been low at 4.38% of profits over last 3 years
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
502 1,416 1,339 1,205 1,649 843 898 1,097 1,123 1,264 952 1,246 1,423
522 1,282 1,208 1,116 1,510 768 879 978 1,022 1,148 920 1,105 1,249
Operating Profit -20 134 131 90 139 75 19 118 101 117 32 141 174
OPM % -4% 9% 10% 7% 8% 9% 2% 11% 9% 9% 3% 11% 12%
19 63 -629 15 45 43 131 12 81 51 61 72 923
Interest 51 56 54 57 55 49 51 48 44 40 36 34 32
Depreciation 17 22 21 23 23 24 25 25 25 26 25 25 25
Profit before tax -70 119 -573 25 106 45 74 56 113 101 32 154 1,040
Tax % -27% 13% -25% 106% 37% 37% -4% 48% 18% 20% 16% 17% 19%
-51 104 -427 -2 67 29 77 29 93 81 27 127 840
EPS in Rs -8.65 16.46 -108.99 -5.77 8.44 3.19 17.87 2.18 19.31 12.97 4.72 23.54 191.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
7,302 7,613 7,611 6,377 7,265 8,103 3,042 2,404 3,590 4,553 4,595 4,436 4,885
7,092 7,313 7,334 5,905 6,722 7,783 3,382 2,369 3,351 4,215 4,233 4,058 4,421
Operating Profit 210 300 277 472 542 320 -340 35 239 338 362 378 463
OPM % 3% 4% 4% 7% 7% 4% -11% 1% 7% 7% 8% 9% 9%
138 71 50 23 113 -11 124 146 220 616 195 195 1,108
Interest 380 318 419 440 404 488 278 200 173 207 211 168 142
Depreciation 34 30 66 77 83 87 68 68 67 79 95 102 101
Profit before tax -66 23 -157 -22 169 -266 -562 -88 218 668 251 303 1,328
Tax % -14% 29% -22% -40% 14% 3% 37% 44% 22% 19% 32% 24%
-57 14 -123 -13 146 -273 -773 -126 171 539 171 231 1,076
EPS in Rs -10.52 2.13 -27.40 -5.22 27.91 -68.57 -190.74 -37.35 31.01 113.33 23.74 39.18 232.91
Dividend Payout % -29% 94% -7% -19% 0% 0% 0% 0% 0% 0% 8% 5%
Compounded Sales Growth
10 Years: -5%
5 Years: 8%
3 Years: 7%
TTM: 23%
Compounded Profit Growth
10 Years: 34%
5 Years: 17%
3 Years: 6%
TTM: 93%
Stock Price CAGR
10 Years: 6%
5 Years: 28%
3 Years: 23%
1 Year: 36%
Return on Equity
10 Years: -5%
5 Years: 6%
3 Years: 8%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 42 42 42 42 42 42 42 42 42 42 42 42 42
Reserves 975 965 1,305 1,325 1,423 1,110 299 154 325 1,539 1,652 1,814 2,488
3,747 3,434 5,047 4,299 4,506 5,235 3,368 1,851 2,643 2,108 1,783 717 607
1,284 1,678 1,617 1,914 2,279 2,886 2,845 3,297 3,201 1,361 1,334 2,453 939
Total Liabilities 6,048 6,118 8,011 7,580 8,250 9,273 6,554 5,344 6,211 5,050 4,811 5,026 4,076
450 488 1,829 1,793 1,798 1,835 1,862 1,431 1,424 1,940 1,957 865 161
CWIP 282 424 102 143 147 154 168 78 320 19 23 7 0
Investments 206 209 774 878 911 815 855 952 1,126 1,242 1,270 1,425 2,879
5,111 4,998 5,306 4,767 5,395 6,469 3,668 2,883 3,341 1,848 1,561 2,729 1,037
Total Assets 6,048 6,118 8,011 7,580 8,250 9,273 6,554 5,344 6,211 5,050 4,811 5,026 4,076

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
919 839 -869 1,097 293 -355 2,635 1,521 571 95 473 511
-149 -286 -489 -40 -63 -103 -16 -171 -137 426 3 -122
-952 -547 1,363 -1,003 -148 360 -2,404 -1,188 -296 -697 -527 -494
Net Cash Flow -182 6 5 54 82 -98 215 162 138 -176 -51 -104

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 188 159 197 198 170 176 266 69 64 63 48 7
Inventory Days 55 61 45 56 74 107 94 52 78 47 38 23
Days Payable 45 70 54 86 102 118 339 96 91 57 41 21
Cash Conversion Cycle 198 149 188 168 142 164 22 25 52 53 45 9
Working Capital Days 15 1 -33 -50 -44 -31 -250 -304 -224 -68 -62 -165
ROCE % 5% 7% 5% 8% 10% 5% -5% 3% 13% 10% 8% 13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
65.28% 65.28% 65.28% 65.28% 65.28% 65.28% 65.28% 65.21% 65.21% 65.21% 65.21% 65.21%
1.10% 1.13% 1.09% 1.02% 1.58% 1.27% 1.08% 1.18% 2.52% 1.33% 2.67% 2.85%
1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
32.62% 32.58% 32.62% 32.70% 32.13% 32.46% 33.55% 33.51% 32.18% 33.37% 32.03% 31.85%
No. of Shareholders 30,90830,99631,69732,12733,84537,65539,75745,08444,27746,25744,89247,405

* 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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