Zuari Industries Ltd
Incorporated in 1967, Zuari Industries Ltd
is in the business of real estate, investment services, engineering services, management services, manufacturing and trading of furniture, manufacturing and sale of sugar and its by products, ethanol and generation of power.[1]
- Market Cap ₹ 801 Cr.
- Current Price ₹ 269
- High / Low ₹ 416 / 210
- Stock P/E 27.0
- Book Value ₹ 1,042
- Dividend Yield 0.37 %
- ROCE 3.48 %
- ROE 0.82 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.26 times its book value
- Market value of investments Rs.4,014 Cr. is more than the Market Cap Rs.801 Cr.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.41% over past five years.
- Company has a low return on equity of 0.72% over last 3 years.
- Contingent liabilities of Rs.475 Cr.
- Earnings include an other income of Rs.90.9 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 | 0 | 0 | 17 | 2 | 57 | 776 | 610 | 814 | 715 | 871 | 874 | |
| 35 | 9 | 10 | 20 | 10 | 48 | 684 | 595 | 754 | 665 | 800 | 803 | |
| Operating Profit | 5 | -9 | -10 | -3 | -7 | 9 | 93 | 16 | 60 | 49 | 70 | 71 |
| OPM % | 12% | -21% | -291% | 16% | 12% | 3% | 7% | 7% | 8% | 8% | ||
| 41 | 43 | 34 | 24 | 48 | 52 | 144 | 211 | 129 | 132 | 51 | 91 | |
| Interest | 11 | 0 | 0 | 1 | 8 | 44 | 161 | 196 | 158 | 135 | 123 | 112 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 24 | 24 | 24 | 24 | 26 |
| Profit before tax | 34 | 34 | 24 | 20 | 33 | 17 | 50 | 7 | 8 | 23 | -26 | 24 |
| Tax % | 21% | 14% | 14% | 11% | -23% | 26% | -38% | -112% | 29% | 0% | 43% | 50% |
| 27 | 29 | 20 | 18 | 40 | 13 | 69 | 15 | 5 | 23 | -37 | 12 | |
| EPS in Rs | 9.11 | 10.00 | 6.97 | 6.11 | 13.70 | 4.39 | 23.62 | 5.20 | 1.81 | 7.61 | -12.55 | 4.08 |
| Dividend Payout % | 11% | 10% | 14% | 16% | 7% | 23% | 8% | 19% | 55% | 13% | -8% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 2% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -18% |
| 3 Years: | 80% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 21% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 0% |
| 3 Years: | 1% |
| Last Year: | 1% |
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 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 30 | 30 |
| Reserves | 614 | 986 | 1,419 | 2,035 | 1,811 | 1,281 | 2,154 | 3,083 | 2,067 | 2,681 | 4,085 | 3,072 |
| 80 | 80 | 0 | 25 | 118 | 456 | 1,391 | 1,293 | 1,225 | 1,061 | 1,154 | 1,160 | |
| 142 | 126 | 53 | 84 | 104 | 98 | 482 | 502 | 349 | 347 | 588 | 440 | |
| Total Liabilities | 866 | 1,221 | 1,502 | 2,173 | 2,062 | 1,865 | 4,056 | 4,908 | 3,670 | 4,118 | 5,857 | 4,702 |
| 14 | 2 | 4 | 4 | 4 | 4 | 519 | 501 | 494 | 473 | 460 | 459 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 1 | 6 | 7 | 4 |
| Investments | 435 | 819 | 1,165 | 1,779 | 1,562 | 990 | 1,857 | 2,994 | 2,011 | 2,556 | 4,302 | 3,140 |
| 417 | 400 | 333 | 390 | 497 | 872 | 1,678 | 1,405 | 1,164 | 1,084 | 1,088 | 1,099 | |
| Total Assets | 866 | 1,221 | 1,502 | 2,173 | 2,062 | 1,865 | 4,056 | 4,908 | 3,670 | 4,118 | 5,857 | 4,702 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -84 | -13 | 13 | -7 | 27 | 14 | 148 | 42 | 55 | 51 | 6 | 67 | |
| 127 | 23 | 84 | -7 | -116 | -307 | -169 | 270 | 195 | 252 | 20 | 55 | |
| -46 | -12 | -94 | 20 | 82 | 294 | 24 | -305 | -248 | -314 | -32 | -109 | |
| Net Cash Flow | -3 | -3 | 3 | 6 | -8 | 1 | 3 | 7 | 2 | -10 | -6 | 12 |
| Free Cash Flow | -84 | -13 | 13 | -7 | 27 | 15 | 142 | 30 | 68 | 70 | -6 | 46 |
| CFO/OP | -1,542% | 39% | 24% | 188% | -14% | 226% | 153% | 379% | 114% | 91% | -14% | 106% |
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 | 2 | 7 | 7 | 11 | 22 | 13 | 30 | 10 | 20 | 17 | ||
| Inventory Days | 2,842 | 407 | 510 | 290 | 428 | 316 | 343 | |||||
| Days Payable | 13 | 199 | 238 | 120 | 155 | 81 | 84 | |||||
| Cash Conversion Cycle | 2,831 | 7 | 7 | 11 | 229 | 285 | 200 | 284 | 255 | 276 | ||
| Working Capital Days | 2,103 | 5,657 | 40,990 | 1,267 | -5 | -55 | 47 | -18 | 8 | -146 | ||
| ROCE % | 6% | 4% | 2% | 1% | 2% | 5% | 8% | 4% | 4% | 4% | 3% | 3% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cane Crushed Lakh Quintals |
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| Sugar Recovery % |
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| Sugar Production Lakh Quintals |
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| Ethanol Production Lakh Litres |
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| Power Generation Lakh Units (LU) |
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| St Regis Dubai Construction Progress % Complete |
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| Value of Quoted Strategic Investments Rs Crore |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jul
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
30 Jun - Postal ballot on 30 June 2026 passed four resolutions, including borrowing powers and related-party transaction.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 30 Jun
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Intimation Regarding Redemption Of 7% Non Convertible Redeemable Preference Shares And Declaration Of Dividend Thereon.
29 Jun - Board approved redemption of 81,448 NCRPS on 29 June 2026 and interim dividend of Re.0.172603 per share.
- Closure of Trading Window 25 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jun 2026Transcript PPT REC
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Mar 2024TranscriptAI SummaryPPT
Business Overview:[1]
ZIL is a part of the Adventz group. It is the holding company of the group and, apart from having financial investments in the group’s operating entities, it also has SPE and real estate segments under it.