ZUARI INDUSTRIES share price, P/E, ROE & financials

On 6 Nov 2026, ZUARI INDUSTRIES was priced at ₹238.12, or 6.5× trailing earnings, against an industry P/E of 14.8×, and the shares are 35% below their 52-week high. Its ROCE of 7.3% is the second-lowest among the 7 largest Conglomerates peers, and sales grew 3.0% a year over 3 years while net profit fell 30%. Its dividend yield is 0.4%, and debt is 0.72× equity. It is a small-cap company with a market cap of ₹709 Cr, ranked 22nd of 52 Conglomerates companies by market cap; the shares fell 24% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹242.10
Day high: ₹242.10
Day low: ₹237.10
Prev. close: ₹244.27
Volume: 25.6K

Health check

1 good · 5 to check

ReturnsBehind
−24.2% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 6.5 vs industry 14.8.
GrowthSlow
Sales +3.0%, profit −29.7% a year over 3 years.
ProfitabilityWeak
ROCE 7.3% vs peer median 12.8%.
Balance sheetStretched
Debt 0.72× equity, interest covered 1.5×, Piotroski 8 of 9.
Red flags3 to check
Return on equity is low at 2.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Conglomerates

51 listed peers. Screen the industry

Small cap

₹709 Cr, #22 of 52 in its industry by size.

Defensive

Beta 0.39 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,099 Cr · profit ₹109 Cr

Market cap: ₹709 Cr; Small cap
P/E: 6.5; Industry 14.8
Price to book: 0.20; Peers 5.18
Dividend yield: 0.42%
ROE: 2.5%; Peers 11.6%
ROCE: 7.3%; Peers 12.8%
Debt to equity: 0.72; Debt ₹2,598 Cr
EPS (TTM): ₹36.44; Face value ₹10
OPM (TTM): 5.4%; Net margin 9.9%
Sales growth: +21.2%; Latest quarter vs a year ago
Profit growth: +1047.7%; Latest quarter vs a year ago
Price to sales: 0.65; EV/EBITDA 47.3

Strengths

Quarterly profit up 1047.7% on a year ago.
Quarterly sales up 21.2% on a year ago.
P/E of 6.5 against an industry P/E of 14.8.

Risks to check

Return on equity is low at 2.5%.
35% below its 52-week high.
Interest coverage of only 0.3×.

Derived automatically from reported figures. Not a recommendation.

About ZUARI INDUSTRIES

Zuari Industries Limited engages in agriculture, heavy engineering, infrastructure, lifestyle, and services businesses in India and internationally. It operates through the Engineering Services, Furniture, Real Estate, Sugar, Power, Financial Services, Ethanol, and Management Services segments. The Engineering Services segment offers technology, basic engineering, detailed engineering, project management, procurement, and construction services in the…

Headquarters: Gurugram
Employees: 376
Sector: Industrials
ISIN: INE217A01012
Website: zuariindustries.in

Price range

52 weeks

₹210.00₹364.00

Today

₹237.10₹242.10

Avg volume (3M): 75.4K
1-year return: minus 24.2%
From 52-week high: minus 34.6%

Peers · Conglomerates

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
SRFSRF	2,460.40	minus 0.99%	72,928	31.9	21.2	14.5%	24.2%	0.35	1.8%	minus 15.5%
TIINDIATube Investments of India	2,170.00	minus 5.65%	42,005	62.9	16.6	12.8%	9.9%	0.05	15.5%	minus 23.1%
GODREJINDGodrej Industries	955.85	minus 2.40%	32,198	27.4	32.4	12.3%	10.4%	2.22	9.8%	minus 11.6%
3MINDIA3M India	27,570.00	minus 5.98%	31,058	57.0	29.9	47.5%	18.4%	0.10	8.7%	minus 18.3%
THERMAXThermax	2,746.30	minus 17.27%	30,937	52.6	26.6	15.3%	12.4%	0.42	9.8%	plus 1.5%
BEMLBEML	1,953.20	minus 1.89%	16,268	28.0	55.7	5.9%	7.3%	0.11	3.0%	minus 7.4%
NAVANava	529.15	minus 0.99%	14,991	19.8	7.9	11.1%	38.4%	0.21	6.8%	minus 12.1%
ZUARIINDZUARI INDUSTRIES	238.12	minus 2.52%	709	6.5	39.9	7.3%	5.4%	0.72	3.0%	minus 24.2%
Median of 7 peers	–	−2.40%	31,058	31.9	26.6	12.8%	12.4%	0.21	8.7%	−12.1%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
257	241	263	284	312
232	230	270	241	298
25.2	10.8	−7.7	42.3	14.2
9.8%	4.5%	−2.9%	14.9%	4.5%
44.8	232	53	3.9	50
63	61.5	56.2	62	61.5
7.4	7.3	7.7	7.7	8
–	−7	−6.1	3.8	4.8
−0.4	167	−24.8	−19.6	−0.6
−18.5%	1.6%	−6.8%	−60.9%	109.0%
0.1	165	−25.9	−31	0.6
0.02	55.34	-8.69	-10.41	0.20

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +3.0%
Profit CAGR 3Y: −29.7%
EPS CAGR 3Y: −29.7%
ROE: 2.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
954	837	969	1,043
–	minus 12.3%	+15.8%	+7.6%
877	715	901	963
77.6	122	68.2	80
8.1%	14.5%	7.0%	7.7%
543	145	172	330
287	282	280	247
27.6	27.4	28.9	30.1
7	827	−19.1	−10.5
314	784	−87.6	122
1.4%	9.1%	−7.8%	13.5%
311	714	−93.2	108
–	+129.8%	minus 113.1%	–
104.30	239.72	-31.30	36.25

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
29.8	29.8	29.8	29.8
2,371	3,889	5,018	3,591
2,632	2,377	2,509	2,598
776	1,198	1,371	944
5,809	7,494	8,928	7,164
555	491	478	481
49.1	6.5	7.8	5.9
1,629	3,099	4,677	3,101
409	59.2	96.1	116
3,167	3,839	3,669	3,459
5,809	7,494	8,928	7,164

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
269	71.5	−1.3	144
−159	475	183	19.6
−88.6	−583	−163	−175
21.9	−35.8	18.2	−11.9
−17.5	−13.6	−14.7	−25.7
252	57.9	−16	118
−3	−3.8	−4	−4.3

Shareholding pattern

Source: NSE filings

56.7%

promoters

Promoters56.71%
Public43.29%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	56.71%	43.29%	0.00
30 Jun 2026	56.71%	43.29%	0.00
31 Mar 2026	56.71%	43.29%	0.00
31 Dec 2025	56.71%	43.29%	0.00
30 Sep 2025	56.71%	43.29%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you