As of 6 Nov 2026, Zuari Agro Chemicals trades at 0.9× trailing earnings, below the industry P/E of 14.4×, and the shares are 45% below their 52-week high. Sales fell 11% a year over 3 years while net profit grew 24%; its ROCE of 55% is the highest among the 7 largest Agricultural Inputs peers. Debt is 0.28× equity. It is a small-cap company with a market cap of ₹799 Cr, ranked 32nd of 72 Agricultural Inputs companies by market cap; the shares fell 21% over the past year.
- ₹192.48
- ₹192.84
- ₹187.89
- ₹193.48
- 40.2K
Health check
- ReturnsIn line
−21.4% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 0.9 vs industry 14.4.
- GrowthSteady
Sales −11.1%, profit +24.5% a year over 3 years.
- ProfitabilityStrong
ROCE 54.9% vs peer median 20.9%.
- Balance sheetFair
Debt 0.28× equity, interest covered 13.8×, Piotroski 5 of 9.
- Red flags3 to check
Return on equity is low at 6.8%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹799 Cr
- Small cap
- P/E
- 0.9
- Industry 14.4
- Price to book
- 0.32
- Peers 4.28
- Dividend yield
- 0.00%
- ROE
- 6.8%
- Peers 16.2%
- ROCE
- 54.9%
- Peers 20.9%
- Debt to equity
- 0.28
- Debt ₹691 Cr
- EPS (TTM)
- ₹223.29
- Face value ₹10
- OPM (TTM)
- 8.9%
- Net margin 11.0%
- Sales growth
- −50.6%
- Latest quarter vs a year ago
- Profit growth
- +19.7%
- Latest quarter vs a year ago
- Price to sales
- 0.52
- EV/EBITDA 16.6
Strengths and risks
Strengths
- Return on capital employed of 54.9%.
- P/E of 0.9 against an industry P/E of 14.4.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.8%.
- Quarterly sales down 50.6% on a year ago.
- 45% below its 52-week high.
About Zuari Agro Chemicals
Zuari Agro Chemicals Limited engages in manufacturing, trading, and marketing of chemical fertilizers and fertilizer products in India. It offers urea, DAP, MOP, and complex fertilizers; water soluble fertilizers; seeds; and pesticides. The company also provides micronutrients, organic products, soil conditioners, and agri fluids; and analytical and advisory services. In addition, it operates a retail multi brand store chain under the Jaikisaan Junctions…
- Headquarters
- Sancoale
- Employees
- 9
- Sector
- Basic Materials
- ISIN
- INE840M01016
- Website
- zuari.in
Price range
- Avg volume (3M)
- 96.2K
- 1-year return
- minus 21.4%
- From 52-week high
- minus 45.0%
Peers · Agricultural Inputs
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| COROMANDELCoromandel International | 1,824.00 | minus 4.00% | 53,724 | 34.5 | 17.0 | 20.9% | 9.4% | 0.11 | 10.2% | minus 12.4% |
| FACTFertilisers and Chemicals Travancore | 750.25 | minus 1.24% | 48,547 | – | 703.5 | 14.2% | 0.0% | 2.95 | 0.0% | minus 15.3% |
| UPLUPL | 534.90 | plus 1.60% | 45,214 | 23.9 | 6.0 | 9.9% | 20.0% | 0.83 | −1.2% | minus 28.0% |
| PIINDPI Industries | 1,735.00 | minus 1.98% | 26,321 | 30.0 | 13.1 | 14.7% | 24.2% | 0.03 | 1.1% | minus 51.9% |
| SUMICHEMSumitomo Chemical India | 328.95 | plus 0.34% | 16,419 | 29.4 | 21.0 | 21.0% | 20.3% | 0.02 | −2.6% | minus 34.4% |
| CHAMBLFERTChambal Fertilizers & Chemicals | 384.70 | minus 0.91% | 15,413 | 8.1 | 5.7 | 21.8% | 13.7% | 0.16 | −9.2% | minus 19.4% |
| BAYERCROPBayer Cropscience | 3,316.30 | plus 0.48% | 14,904 | 20.0 | 15.4 | 27.9% | 16.0% | 0.03 | 3.6% | minus 31.7% |
| ZUARIZuari Agro Chemicals | 189.93 | minus 1.83% | 799 | 0.9 | 4.2 | 54.9% | 8.9% | 0.31 | −11.1% | minus 21.4% |
| Median of 7 peers | – | −0.91% | 26,321 | 26.6 | 15.4 | 20.9% | 16.0% | 0.11 | 0.0% | −28.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,246 | 1,423 | 344 | 187 | 615 | |
| 1,105 | 1,249 | 334 | 202 | 556 | |
| 141 | 174 | 9.3 | −14.4 | 59.2 | |
| 11.3% | 12.2% | 2.7% | −7.7% | 9.6% | |
| 72.4 | 106 | 45.5 | 14.1 | 96.9 | |
| 34.4 | 32 | 18 | 17.1 | 17.8 | |
| 24.5 | 25.2 | 4.2 | 4.8 | 4.9 | |
| – | 817 | −2.9 | −2.8 | – | |
| 154 | 1,040 | 29.7 | −25 | 133 | |
| 17.4% | 19.2% | −33.5% | −0.3% | 11.0% | |
| 99 | 806 | 39.7 | −25 | 118 | |
| 23.54 | 191.63 | 9.43 | -5.94 | 28.17 |
Profit & loss
- Sales CAGR 3Y
- −11.1%
- Profit CAGR 3Y
- +24.5%
- EPS CAGR 3Y
- +24.5%
- ROE
- 6.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,550 | 4,592 | 4,430 | 3,199 | |
| – | +0.9% | minus 3.5% | minus 27.8% | |
| 4,178 | 4,200 | 4,040 | 2,871 | |
| 372 | 392 | 390 | 328 | |
| 8.2% | 8.5% | 8.8% | 10.3% | |
| 957 | 38.3 | 154 | 1,842 | |
| 174 | 194 | 156 | 93.8 | |
| 78.5 | 94.8 | 102 | 58.7 | |
| −393 | 109 | 16.4 | −819 | |
| 683 | 251 | 303 | 1,199 | |
| 18.9% | 31.8% | 23.8% | 18.1% | |
| 477 | 99.8 | 165 | 920 | |
| – | minus 79.1% | +65.0% | +458.3% | |
| 113.33 | 23.74 | 39.18 | 218.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.1 | 42.1 | 42.1 | 42.1 | |
| 1,539 | 1,652 | 1,814 | 2,047 | |
| 2,108 | 1,783 | 717 | 642 | |
| 1,363 | 1,343 | 2,453 | 520 | |
| 5,052 | 4,820 | 5,026 | 3,251 | |
| 1,854 | 1,892 | 765 | 141 | |
| 25.5 | 43.6 | 12.1 | 6.8 | |
| 75.8 | 82.1 | 77.2 | 833 | |
| 389 | 349 | 212 | 62.4 | |
| 2,707 | 2,453 | 3,960 | 2,208 | |
| 5,052 | 4,820 | 5,026 | 3,251 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 94.8 | 473 | 511 | 203 | |
| 426 | 2.8 | −122 | −69.2 | |
| −697 | −527 | −494 | −335 | |
| −176 | −51.4 | −104 | −201 | |
| −317 | −144 | −105 | −160 | |
| −222 | 329 | 407 | 43.6 | |
| −7.7 | −8.2 | −8.2 | −8.2 |
Shareholding pattern
- Promoters65.21%
- Public34.79%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.21% | 34.79% | 0.00 | |
| 30 Jun 2026 | 65.21% | 34.79% | 0.00 | |
| 31 Mar 2026 | 65.21% | 34.79% | 0.00 | |
| 31 Dec 2025 | 65.21% | 34.79% | 0.00 | |
| 30 Sep 2025 | 65.21% | 34.79% | – |
Major shareholders
Filings & events
News
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