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NSE:ZUARIIND

ZUARI INDUSTRIES LIMITED

Fast Moving Consumer Goods › Agricultural Food & other Products
₹240.00
at close · 28 Oct 2026
▲ 2.00 (+0.84%)

Latest filings

  1. Routine compliance filing: dematerialization certificate for Q2 FY27 · Compliance
  2. Trading Window Closure Ahead of Q2 FY26 Results · Compliance
  3. Zuari Industries acquires 30.83 percent stake in Texmaco Infra for Rs 148 cr · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes sugar and allied products, which contributed Rs 854.7 crore in FY26 (63.1% of segment revenue) and remains the main earnings contributor. Runs an ethanol plant that brought in Rs 234.1 crore (17.3% of segment revenue) for fuel blending, and a co-generation power operation (Rs 91.5 crore, 6.8%). Operates engineering services through subsidiary Simon India (Rs 84.0 crore, 6.2%), earns management services fees (Rs 37.1 crore, 2.7%), and runs a financial services arm covering Zuari Finserv and Zuari Insurance (Rs 27.9 crore, 2.1%). The real estate segment (Rs 25.1 crore, 1.8%) is anchored by the St. Regis Residences Dubai project of 232 units with AED 1,304 Mn in total sales value, now fully sold. Set its highest-ever annual sugar crush at 159.7 lakh quintals in FY26 and highest-ever seasonal crush at 163.7 lakh quintals. Materials account for 65.7% of revenue, making sugarcane the dominant input cost, while the cost of borrowing came down from 10.19% to 9.89%.

Revenue mix · reported segments
Sugar and allied products63.1%
Ethanol Plant17.3%
Power6.8%
Engineering services6.2%
Management services2.7%
Financial services2.1%
Real estate1.8%
Furniture0.1%
Operating scale
Annual sugar crush
159.7 lakh quintalsFY26
Highest-ever seasonal sugar crush
163.7 lakh quintalsFY26
Highest-ever Q4 sugar crush
92.4 lakh quintalsQ4 FY26
St. Regis Dubai project units
232 units, AED 1,304 Mn total sales valueFY26
Cost of borrowing
9.89% (down from 10.19%)FY26
Zuari Finserv EBITDA growth
54% YoYFY26
Who pays it
Sugar buyers, fuel blenders needing ethanol, power off-takers, engineering clients, financial services customers, and buyers of Dubai residential property.
Biggest cost
Raw materials, mainly sugarcane, at 65.7% of revenue.
Kind of business
Diversified holding company with sugar as the dominant operating business, alongside ethanol, power, engineering, financial services, real estate, and furniture.
Where it sits
Sugar and allied products make up 63.1% of segment revenue, with seven other segments (ethanol, power, engineering, management, financial services, real estate, furniture) accounting for the balance.
Market Cap
₹715 Cr
P / E (TTM)
6.6×
EV / EBITDA
19.0×
Div Yield
0.61%
Growth
4.6%▲
Revenue 5y CAGR
PAT — · EBITDA -1.3%
Quality
4.3%·
ROCE (5y median)
ROE 2.9% (5y median) · margin 16.4%
Leverage
0.72·
Debt / Equity · moderate
Net debt ₹2,536 Cr
Revenue FY21→FY26
1.3×▲
Margin +22.2 pts
₹834 Cr → ₹1,045 Cr
Cash conversion
0.29×▼
Operating cash ÷ profit · 5 yrs
₹291 Cr on ₹995 Cr
Moves on a normal day
1.46%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 27 Sugar peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/20
P/B#2/26
ROCE#22/27
ROE#15/26
Debt / Equity#16/26
EBITDA margin#7/26
Revenue growth#9/25
Profit growth#3/27

Scorecard

Measured from the filed financials, judged against its Sugar peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Slow revenue growth — 5% a year over 5 years
Returns on capital 4.3% (5-year median)
#22 of 27 in Sugar on the latest reported figures
Over 5 years it reported ₹995 Cr of profit and ₹291 Cr of operating cash — 0.29×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 230 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

ZUARIIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ZUARI INDUSTRIES LIMITED's filed financials and exchange disclosures

What does ZUARI INDUSTRIES LIMITED do?

ZUARI INDUSTRIES LIMITED is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol ZUARIIND.

Is ZUARI INDUSTRIES LIMITED profitable?

Yes. Over the trailing twelve months ZUARI INDUSTRIES LIMITED reported a net profit of ₹106 Cr on revenue of ₹1,099 Cr.

Does ZUARI INDUSTRIES LIMITED pay a dividend?

Yes. The dividend yield is 0.61% at the current price. It paid out 4% of its profit as dividend in FY26.

Is ZUARI INDUSTRIES LIMITED debt-free?

No. It reported borrowings of ₹2,598 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2,536 Cr after cash. Debt stands at 0.72× equity. That is higher than 60% of its 26 Sugar peers.

Is ZUARI INDUSTRIES LIMITED expensive compared with its peers?

On trailing P/E, ZUARI INDUSTRIES LIMITED ranks 3 of 20 in Sugar — cheaper than 90% of them, against an industry median of 14.5×. This is a position, not a valuation judgement.

How much does the ZUARI INDUSTRIES LIMITED share price move in a day?

On a typical session ZUARI INDUSTRIES LIMITED moves 1.46% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ZUARI INDUSTRIES LIMITED's announcements?

Every NSE and BSE filing by ZUARI INDUSTRIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.