Zuari Agro Chemicals Ltd

₹ 216 0.65%

19 May 3:21 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 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

Website BSE NSE

Market Cap ₹ 907 Cr.
Current Price ₹ 216
High / Low ₹ 395 / 175
Stock P/E 3.05
Book Value ₹ 497
Dividend Yield 0.00 %
ROCE 16.4 %
ROE 15.1 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.45 times its book value
Company has delivered good profit growth of 31.0% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of 5.89% over past five years.
Company has a low return on equity of 9.55% over last 3 years.
Promoters have pledged 26.5% of their holding.
Earnings include an other income of Rs.1,050 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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,339	1,205	1,649	843	898	1,097	1,123	1,264	952	1,246	1,423	344	187
	1,208	1,116	1,510	768	879	978	1,022	1,148	920	1,105	1,249	334	202
Operating Profit	131	90	139	75	19	118	101	117	32	141	174	9	-14
OPM %	10%	7%	8%	9%	2%	11%	9%	9%	3%	11%	12%	3%	-8%
	-629	15	45	43	131	12	81	51	61	72	923	43	11
Interest	54	57	55	49	51	48	44	40	36	34	32	18	17
Depreciation	21	23	23	24	25	25	25	26	25	25	25	4	5
Profit before tax	-573	25	106	45	74	56	113	101	32	154	1,040	30	-25
Tax %	-25%	106%	37%	37%	-4%	48%	18%	20%	16%	17%	19%	-34%	0%
	-427	-2	67	29	77	29	93	81	27	127	840	40	-25
EPS in Rs	-108.99	-5.77	8.44	3.19	17.87	2.18	19.31	12.97	4.72	23.54	191.68	9.43	-5.95
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7,613	7,611	6,377	7,265	8,103	3,042	2,404	3,590	4,553	4,595	4,436	3,200
	7,313	7,334	5,905	6,722	7,783	3,382	2,369	3,351	4,215	4,233	4,058	2,890
Operating Profit	300	277	472	542	320	-340	35	239	338	362	378	309
OPM %	4%	4%	7%	7%	4%	-11%	1%	7%	7%	8%	9%	10%
	71	50	23	113	-11	124	146	220	616	195	195	1,050
Interest	318	419	440	404	488	278	200	173	207	211	168	101
Depreciation	30	66	77	83	87	68	68	67	79	95	102	59
Profit before tax	23	-157	-22	169	-266	-562	-88	218	668	251	303	1,199
Tax %	29%	-22%	-40%	14%	3%	37%	44%	22%	19%	32%	24%	18%
	14	-123	-13	146	-273	-773	-126	171	539	171	231	982
EPS in Rs	2.13	-27.40	-5.22	27.91	-68.57	-190.74	-37.35	31.01	113.33	23.74	39.18	218.70
Dividend Payout %	94%	-7%	-19%	0%	0%	0%	0%	0%	0%	8%	5%	0%

Compounded Sales Growth
10 Years:	-8%
5 Years:	6%
3 Years:	-11%
TTM:	-28%

Compounded Profit Growth
10 Years:	18%
5 Years:	31%
3 Years:	34%
TTM:	85%

Stock Price CAGR
10 Years:	2%
5 Years:	17%
3 Years:	17%
1 Year:	-1%

Return on Equity
10 Years:	-2%
5 Years:	12%
3 Years:	10%
Last Year:	15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	965	1,305	1,325	1,423	1,110	299	154	325	1,539	1,652	1,814	2,047
	3,434	5,047	4,299	4,506	5,235	3,368	1,851	2,643	2,108	1,783	717	642
	1,678	1,617	1,914	2,279	2,886	2,845	3,297	3,201	1,361	1,334	2,453	520
Total Liabilities	6,118	8,011	7,580	8,250	9,273	6,554	5,344	6,211	5,050	4,811	5,026	3,251
	488	1,829	1,793	1,798	1,835	1,862	1,431	1,424	1,940	1,957	865	159
CWIP	424	102	143	147	154	168	78	320	19	23	7	0
Investments	209	774	878	911	815	855	952	1,126	1,242	1,270	1,425	2,581
	4,998	5,306	4,767	5,395	6,469	3,668	2,883	3,341	1,848	1,561	2,729	511
Total Assets	6,118	8,011	7,580	8,250	9,273	6,554	5,344	6,211	5,050	4,811	5,026	3,251

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	839	-869	1,097	293	-355	2,635	1,521	571	95	473	511	203
	-286	-489	-40	-63	-103	-16	-171	-137	426	3	-122	-69
	-547	1,363	-1,003	-148	360	-2,404	-1,188	-296	-697	-527	-494	-335
Net Cash Flow	6	5	54	82	-98	215	162	138	-176	-51	-104	-201
Free Cash Flow	654	-1,019	952	221	-502	2,556	1,449	344	-150	453	433	103
CFO/OP	282%	-307%	240%	58%	-110%	-777%	4,344%	249%	44%	160%	135%	66%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	159	197	198	170	176	266	69	64	63	48	7	10
Inventory Days	61	45	56	74	107	94	52	78	47	38	23	45
Days Payable	70	54	86	102	118	339	96	91	57	41	21	39
Cash Conversion Cycle	149	188	168	142	164	22	25	52	53	45	9	16
Working Capital Days	1	-33	-50	-44	-31	-250	-304	-224	-68	-62	-165	-56
ROCE %	7%	5%	8%	10%	5%	-5%	3%	13%	10%	8%	13%	16%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity - SSP (Mahad Plant)
Metric Tonnes Per Annum (TPA) ・Standalone data

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

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Production Volume - DAP
Metric Tonnes (MT) ・Standalone data

Production Volume - NPK (Complex)
Metric Tonnes (MT) ・Standalone data

Production Volume - Single Super Phosphate (SSP)
Metric Tonnes (MT) ・Standalone data

Production Volume - Urea
Metric Tonnes (MT) ・Standalone data

Market Share SSP - Karnataka
% ・Standalone data

Market Share SSP - Maharashtra
% ・Standalone data

Capacity Utilization Rate - SSP
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	65.28%	65.28%	65.28%	65.28%	65.28%	65.21%	65.21%	65.21%	65.21%	65.21%	65.20%	65.20%
	1.09%	1.02%	1.58%	1.27%	1.08%	1.18%	2.52%	1.33%	2.67%	2.85%	2.71%	2.84%
	1.00%	1.00%	1.00%	1.00%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%
	32.62%	32.70%	32.13%	32.46%	33.55%	33.51%	32.18%	33.37%	32.03%	31.85%	32.00%	31.88%
No. of Shareholders	31,697	32,127	33,845	37,655	39,757	45,084	44,277	46,257	44,892	47,405	45,524	44,493

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	66.08%	66.08%	65.04%	65.04%	65.04%	65.04%	65.28%	65.28%	65.21%	65.20%
	0.41%	1.63%	2.21%	0.97%	0.90%	1.01%	1.13%	1.27%	1.33%	2.84%
	10.06%	9.29%	8.08%	5.16%	3.06%	1.42%	1.00%	1.00%	0.09%	0.09%
	0.00%	0.00%	0.00%	0.21%	0.23%	0.28%	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%
No. of Shareholders	34,632	38,041	38,621	24,457	26,337	28,102	30,996	37,655	46,257	44,493

* 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

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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