Zuari Agro Chemicals Ltd

About [ edit ]

Zuari Agro Chemicals is engaged in the business of manufacturing, trading and marketing of chemical fertilizers, water soluble fertilizers, seeds, pesticides and fertilizer products.

  • Market Cap 377 Cr.
  • Current Price 89.6
  • High / Low 124 / 72.0
  • Stock P/E
  • Book Value 57.9
  • Dividend Yield 0.00 %
  • ROCE -4.01 %
  • ROE -107 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.02% over past five years.
  • Company has a low return on equity of -27.43% for last 3 years.
  • Contingent liabilities of Rs.303.50 Cr.
  • Promoters have pledged 51.53% of their holding.
  • Earnings include an other income of Rs.215.36 Cr.
  • Company has high debtors of 161.66 days.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,707 2,001 2,450 1,653 2,000 1,874 1,245 885 1,006 1,002 1,191 927
1,607 1,904 2,302 1,595 1,993 1,833 1,297 980 1,124 987 1,075 894
Operating Profit 100 97 148 59 7 41 -51 -95 -118 16 116 33
OPM % 6% 5% 6% 4% 0% 2% -4% -11% -12% 2% 10% 4%
Other Income 15 22 43 34 -104 16 22 22 72 33 64 46
Interest 116 112 112 120 139 154 155 113 112 109 117 97
Depreciation 20 21 21 22 23 26 27 27 31 28 25 28
Profit before tax -22 -14 57 -49 -260 -123 -212 -213 -188 -88 38 -46
Tax % 64% 44% 18% -15% 2% -0% -7% 44% -62% -8% 59% -1%
Net Profit -17 -6 47 -63 -252 -123 -236 -127 -316 -100 -3 -47
EPS in Rs -4.10 -1.46 11.17 -15.02 -60.01 -29.26 -56.23 -30.15 -75.03 -23.68 -0.68 -11.08

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
8,229 7,865 7,302 7,613 7,611 6,377 7,265 8,103 5,011 4,127
7,872 7,524 7,197 7,313 7,334 5,905 6,722 7,783 5,233 4,080
Operating Profit 358 342 104 300 277 472 542 320 -222 47
OPM % 4% 4% 1% 4% 4% 7% 7% 4% -4% 1%
Other Income 91 95 244 71 50 23 113 -11 132 215
Interest 153 303 380 318 419 440 404 488 535 436
Depreciation 29 38 34 30 66 77 83 87 111 111
Profit before tax 267 95 -66 23 -157 -22 169 -266 -736 -284
Tax % 32% 22% 14% 29% 22% 40% 14% -3% -5%
Net Profit 164 64 -44 9 -115 -22 117 -288 -802 -465
EPS in Rs 130.31 15.29 -10.52 2.13 -27.40 -5.22 27.91 -68.57 -190.68 -110.47
Dividend Payout % 2% 20% -29% 94% -7% -19% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-8%
3 Years:-8%
TTM:-31%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:27%
Stock Price CAGR
10 Years:%
5 Years:-13%
3 Years:-43%
1 Year:7%
Return on Equity
10 Years:%
5 Years:-18%
3 Years:-27%
Last Year:-107%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
42 42 42 42 42 42 42 42 42 42
Reserves 977 1,027 975 965 1,305 1,325 1,423 1,110 299 201
Borrowings 3,577 4,426 3,747 3,434 5,047 4,299 4,506 5,235 3,368 2,380
1,467 1,001 1,284 1,678 1,617 1,914 2,279 2,886 2,845 3,561
Total Liabilities 6,034 6,496 6,048 6,118 8,011 7,580 8,250 9,273 6,554 6,185
345 374 450 488 1,829 1,793 1,798 1,835 1,862 1,822
CWIP 50 134 282 424 102 143 147 154 168 183
Investments 1 1 206 209 774 878 911 815 855 921
5,637 5,987 5,111 4,998 5,306 4,767 5,395 6,469 3,668 3,259
Total Assets 6,034 6,496 6,048 6,118 8,011 7,580 8,250 9,273 6,554 6,185

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-1,922 919 839 -869 1,097 293 -355 2,635
-105 -149 -286 -489 -40 -63 -103 -16
2,364 -952 -547 1,363 -1,003 -148 360 -2,404
Net Cash Flow 338 -182 6 5 54 82 -98 215

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 5% 7% 5% 8% 10% 5% -4%
Debtor Days 166 201 188 159 197 198 170 176 162
Inventory Turnover 6.65 6.85 6.91 7.34 6.91 6.46 4.72 3.69

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.08 66.08 65.04 65.04 65.04 65.04 65.04 65.04 65.04 65.04 65.04 65.04
1.56 2.31 2.31 2.21 2.08 1.06 1.06 0.97 0.90 0.90 0.90 0.90
8.90 8.80 8.74 8.08 8.07 7.34 5.36 5.16 5.10 4.69 3.85 3.06
0.00 0.00 0.00 0.00 0.00 0.00 0.21 0.21 0.21 0.21 0.21 0.23
23.46 22.82 23.91 24.66 24.81 26.56 28.32 28.62 28.75 29.16 29.99 30.76

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