1. India Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Zuari Industries Limited

Zuari Industries Limited

242.60
INR
-3.55
(-1.44%)
35.68EPS
7.01P/E
7.60BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
218.2
176.86
187.76
204.85
185.94
262.47
253.73
268.18
241.15
320.4
281.04
325.52
350.29
368.94
Basic EPS, GAAP
-0.41
-8.92
-14.94
-8.79
-10.54
-43.62
-124.64
-28.63
-12.03
104.3
239.72
-31.3
36.25
36.42
Free Cash Flow per Basic Share
-55.28
-131.67
-33.56
-17.71
-52.13
-57.42
10.99
31.29
13.67
84.49
19.44
-5.38
39.63
- -
Dividend per Share
2
1.01
1.02
1.01
1.01
1
1
1.96
2.97
1
1.27
1.35
1.45
- -
Book Value per Share
240.64
653.69
575.17
648.69
817.59
741.1
403.36
658.06
1,010.01
806.26
1,315.9
1,694.9
1,215.93
- -
Tangible Book Value per Share
232.87
604.1
525.46
599.03
767.88
691.36
354.9
612.98
964.97
761.75
1,271.58
1,650.16
1,170.49
- -
Basic Weighted Avg Shares
29
29
29
29
29
29
29
30
30
30
30
30
30
30
Sales/Revenue/Turnover
6,424
5,207
5,528
6,031
5,474
7,727
7,470
8,042
7,182
9,542
8,370
9,694
10,432
10,993
Operating Margin (%)
2.19
1.43
-2.31
5.69
3.23
13.12
10.42
12.85
6.67
5.24
11.28
4.05
4.78
2.63
Depreciation Expense
83
82
83
148
200
209
255
296
231
276
274
289
301
307
Net Income, GAAP
-12
-262
-440
-259
-310
-1,284
-3,669
-859
-358
3,106
7,139
-932
1,080
1,085
Effective Tax Rate (%)
77.12
- -
- -
- -
- -
- -
- -
- -
- -
1.36
9.09
- -
13.47
12.92
Profit Margin (%)
-0.19
-5.04
-7.96
-4.29
-5.67
-16.62
-49.12
-10.68
-4.99
32.55
85.3
-9.62
10.35
9.87
Working Capital
2,228
2,935
-219
667
1,636
3,955
3,018
3,841
4,931
8,263
-5,466
-2,339
-7,154
- -
LT Debt
1,214
3,159
3,294
4,303
6,898
10,288
13,895
16,474
17,277
17,834
12,771
15,911
11,980
- -
Total Equity
7,085
20,127
17,237
19,336
24,180
21,788
11,866
19,243
29,615
23,880
39,046
50,321
36,035
- -
Return on Invested Capital (%)
1.16
- -
- -
- -
- -
- -
- -
- -
- -
1.03
14.86
- -
0.49
- -
Return on Capital (%)
0.15
- -
- -
- -
- -
- -
- -
- -
- -
11.39
17.22
- -
4.71
- -
Return on Common Equity (%)
-0.17
-1.99
-2.43
-1.44
-1.44
-5.6
-21.78
-5.49
-1.46
11.56
22.59
-2.08
2.49
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
14,003
- -
LT Borrowings
- -
11,838
- -
LT Finance Leases
- -
141
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
9,706
6,352
7,599

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
13,874
- -
Cash, Cash Equivalents & STI
- -
1,159
- -
Accounts Receivable, Net
- -
663
- -
Inventories
- -
7,721
- -
Total Current Liabilities
- -
21,027
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
14,003
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.25%
19.71%
-28.39%
Free Cash Flow
-35.19%
-116.01%
-836.71%
Net Income, GAAP
-82.28%
-244.88%
-215.82%
Sales/Revenue/Turnover
7.87%
6.66%
7.61%
Total Cash Common Dividend
- -
4.97%
8.12%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,257
2,373
2,351
2,723
9,694
2026
2,575
2,412
2,626
2,836
10,432
2027
3,119
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-11.2
-4.84
-8.31
-6.96
-31.3
2026
0.02
55.34
-8.69
-10.41
36.25
2027
0.2
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1.35
2026
- -
- -
- -
- -
1.45
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Athar Shahab
Full Time Employees
613
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Global Business Park Gurugram HA India 122002
IPO Date
Nov 29, 1994
Website
adventz.com
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Business
Zuari Industries Limited, the holding company of the Adventz Group, operates as a diversified conglomerate with primary activities spanning sugar production, power generation, ethanol manufacturing, real estate development, engineering and infrastructure services, furniture production, financial services, and petroleum terminalling; it offers sugar and biofuels from its Sugar, Power & Ethanol division, premium residential villas and apartments through flagship projects like Zuari Rainforest in Goa, engineering project management and contracting services via Simon India Limited, ready-to-assemble furniture including cots, wardrobes, sofas, dining sets and office furniture from Forte Furniture Products India Private Limited, capital market services, stock broking, insurance broking and HR solutions through subsidiaries such as Zuari Finserv Limited, Zuari Insurance Brokers Limited and Zuari Management Services Limited, as well as independent storage and terminalling for petroleum products via Zuari Indian Oiltanking Private Limited. Founded in 1967 and headquartered in Zuari Nagar, Goa, the company maintains significant operations across India with extensive land holdings in Goa for real estate, manufacturing facilities for sugar and furniture, and associate companies including Zuari Agro Chemicals Limited and Mangalore Chemicals and Fertilizers Limited that bolster its agrochemicals presence through fertilizers production. Recent developments include the approved acquisition in 2024 of equity shares in Zuari Agro Chemicals Limited valued at up to INR 30 crore from its wholly-owned subsidiary Zuari Management Services Limited to enhance direct stakeholding while preserving the overall 32.08% position, the Competition Commission of India's approval in late 2024 for Paradeep Phosphates Limited's purchase of Zuari Agro Chemicals' Zuarinagar urea and non-urea fertilizer plant, amalgamation of Zuari Sugar and Power Limited into Zuari Industries effective from April 2022, formation of joint venture Zuari Envien Bioenergy Private Limited for bioenergy initiatives, and an announced diversification strategy into agriculture, real estate and engineering sectors as of late 2025.