| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 179 | 189 | 215 | 288 | 172 | 172 | 180 | 371 | 202 | 229 | 218 | 332 | 231 | 255 | 154 | 336 | 552 | 246 | 305 | 424 | 273 | 329 | 1,007 | 300 | 242 | 316 | 289 | 297 | 302 | 473 |
| Expenses | 167 | 195 | 213 | 328 | 188 | 259 | 209 | 379 | 216 | 227 | 172 | 247 | 193 | 178 | 147 | 215 | 234 | 210 | 259 | 233 | 243 | 282 | 126 | 164 | 201 | 253 | 242 | 245 | 232 | 237 |
| EBITDA | 12 | -6 | 2 | -40 | -16 | -87 | -29 | -8 | -14 | 2 | 46 | 85 | 38 | 76 | 7 | 121 | 318 | 36 | 46 | 191 | 30 | 47 | 881 | 136 | 41 | 63 | 47 | 52 | 70 | 236 |
| Operating Profit % | 3 % | -26 % | -12 % | -28 % | -24 % | -82 % | -34 % | -18 % | -20 % | -13 % | -3 % | 13 % | -11 % | -7 % | -17 % | 16 % | -0 % | -12 % | -2 % | 17 % | -27 % | -5 % | -9 % | 38 % | 11 % | -7 % | -3 % | 10 % | 10 % | 2 % |
| Depreciation | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 7 | 7 | 7 | 7 | 7 | 6 | 7 | 3 | 7 | 7 | 8 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 7 | 7 |
| Interest | 25 | 24 | 30 | 35 | 32 | 36 | 39 | 54 | 47 | 47 | 53 | 54 | 84 | 54 | 53 | 73 | 60 | 61 | 62 | 67 | 69 | 74 | 72 | 68 | 69 | 71 | 63 | 59 | 63 | 62 |
| Profit Before Tax | -17 | -36 | -33 | -80 | -53 | -129 | -74 | -69 | -68 | -53 | -14 | 24 | -52 | 16 | -53 | 45 | 251 | -32 | -24 | 118 | -46 | -34 | 802 | 61 | -34 | -15 | -24 | -15 | -0 | 167 |
| Tax | -5 | -25 | 2 | 11 | 1 | -15 | 2 | 83 | -16 | -9 | 4 | 5 | -15 | -0 | -4 | 10 | -2 | 13 | -20 | 16 | 2 | -2 | 73 | -2 | -1 | -0 | 2 | 6 | 0 | 3 |
| Net Profit | -12 | -11 | -35 | -91 | -55 | -114 | -76 | -152 | -52 | -44 | -18 | 18 | -37 | 17 | -48 | 35 | 253 | -45 | -4 | 102 | -48 | -32 | 729 | 63 | -34 | -15 | -25 | -21 | -1 | 164 |
| EPS in ₹ | -3.74 | -0.32 | -8.91 | -30.60 | -18.54 | -35.49 | -24.49 | -46.11 | -16.12 | -13.44 | -6.17 | 9.82 | -8.89 | 7.74 | -16.15 | 11.90 | 84.97 | -14.92 | -1.26 | 34.34 | -16.20 | -10.67 | 244.89 | 21.35 | -11.20 | -4.84 | -8.31 | -6.96 | 0.02 | 55.34 |
Zuari Industries
Zuari Industries
321.10
-14.30
(-4.26%)
Q1 Quarterly Results are out. Check out the updated financials17 hours ago
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Key Fundamentals
Market Cap
998.90 Cr
EPS
-31.30
PE Ratio
8.49
Dividend Yield
0.30 %
Industry
Consumer Goods 52 Week High
416.00
52 Week Low
229.99
PB Ratio
0.21
Debt to Equity
0.49
Sector
Sugar Actual
Company News
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Zuari Industries achieved 44% higher ethanol production in Q2 FY26 with 311 operating days, improved EBITDA from INR 3.5 crores to INR 8.9 crores, and reduced finance costs by INR 3 crores. The company expects INR 800 crores cash inflow from its Dubai real estate project starting Q2 FY27, which will be entirely used for debt reduction from current gross external debt of INR 1,863 crores.
Zuari Industries Limited released its Q2 FY26 investor presentation showing mixed operational results with ethanol production up 44% year-on-year but sugar sales declining 12% year-on-year, while maintaining focus on financial control and governance strengthening. The company reported standalone revenue of Rs 248.1 crores for Q2 FY26 compared to Rs 224.7 crores in Q2 FY25, with its joint venture ZEBPL's grain-based distillery project 95% completed and expected to be operational by November 2025.
Zuari Industries has outlined an aggressive diversification plan spanning agriculture, real estate, and engineering sectors while monetizing its land bank for industrial parks and housing projects. The company is expanding its fertilizer and cement portfolio through subsidiaries and focusing on de-leveraging with an asset-light growth model to unlock shareholder value.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
461.90 | #1 9,529.70 | 23.52 | 5,504.20 | -4.67 | #1 437 | -19.79 | 47.99 | |
363.70 | 7,985.40 | 31.56 | 5,746.90 | #1 8.80 | 238 | 195.54 | 56.58 | |
28.27 | 5,991.70 | -8.06 | #1 11,040.90 | -2.87 | -300 | -1,498.70 | 38.59 | |
637.10 | 5,974.30 | 56.42 | 824.70 | 5.70 | 103 | 8.54 | 45.48 | |
3,603.50 | 4,516.30 | 37.73 | 1,819.20 | -18.31 | 105 | 24.49 | 55.82 | |
20.88 | 2,695.20 | #1 -16.76 | 5,592.80 | -9.01 | -15 | -39.29 | 42.48 | |
314.85 | 2,578.70 | 9.49 | 3,028.00 | -9.01 | 273 | -8.32 | 33.19 | |
166.11 | 1,434.60 | 23.52 | 2,083.20 | -1.06 | 102 | -113.54 | 49.57 | |
321.10 | #9 998.90 | #3 8.49 | #8 1,082.50 | #4 1.43 | #9 -94 | #1 1,210.14 | 44.46 | |
652.40 | 990.80 | 106.08 | 155.80 | 8.42 | 9 | -90.29 | 74.64 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
1.43 %
Net Income Growth
-113.24 %
Cash Flow Change
-101.80 %
ROE
-110.30 %
ROCE
-87.67 %
EBITDA Margin (Avg.)
-43.45 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,859 | 2,991 | 3,235 | 4,198 | 4,427 | 3,941 | 4,909 | 6,244 | 5,809 | 7,494 | 8,927 |
| Fixed Assets | 252 | 381 | 539 | 550 | 544 | 699 | 665 | 654 | 645 | 622 | 609 |
| Current Assets | 1,054 | 973 | 907 | 1,173 | 1,549 | 1,662 | 1,688 | 1,914 | 2,427 | 1,604 | 1,593 |
| Capital Work in Progress | 169 | 142 | 12 | 8 | 71 | 3 | 2 | 7 | 1 | 6 | 7 |
| Investments | 55 | 1,422 | 1,600 | 2,211 | 2,023 | 1,132 | 1,877 | 3,180 | 2,586 | 4,852 | 6,379 |
| Other Assets | 1,383 | 1,046 | 1,084 | 1,429 | 1,789 | 2,108 | 2,365 | 2,403 | 2,577 | 2,014 | 1,932 |
| Total Liabilities | 1,859 | 2,991 | 3,235 | 4,198 | 4,427 | 3,941 | 4,909 | 6,244 | 5,809 | 7,494 | 8,927 |
| Current Liabilities | 779 | 900 | 840 | 1,009 | 1,153 | 1,360 | 1,304 | 1,420 | 1,601 | 2,151 | 1,827 |
| Non Current Liabilities | 401 | 284 | 461 | 771 | 1,095 | 1,446 | 1,680 | 1,862 | 1,820 | 1,439 | 2,068 |
| Total Equity | 678 | 1,808 | 1,934 | 2,418 | 2,179 | 1,135 | 1,924 | 2,962 | 2,388 | 3,905 | 5,032 |
| Reserve & Surplus | 649 | 1,760 | 1,880 | 2,378 | 2,152 | 1,095 | 1,849 | 2,885 | 2,313 | 3,830 | 4,959 |
| Share Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 30 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -8 | 9 | 5 | -9 | 2 | -3 | -5 | 44 | 22 | -36 | 18 |
| Investing Activities | 41 | -45 | -5 | -97 | -114 | -360 | -204 | 69 | -159 | 475 | 183 |
| Operating Activities | -288 | -12 | 109 | -125 | -45 | 126 | 110 | 62 | 269 | 72 | -1 |
| Financing Activities | 239 | 66 | -98 | 214 | 160 | 232 | 90 | -87 | -89 | -583 | -163 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 55.61 % | 56.90 % | 56.90 % | 56.95 % | 56.95 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.81 % | 56.71 % | 56.71 % | 56.71 % | 56.71 % | 56.71 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.36 % | 0.00 % | 1.55 % | 1.60 % | 1.46 % | 1.40 % | 1.30 % | 1.33 % | 2.46 % |
| DIIs | 7.83 % | 3.75 % | 1.29 % | 0.24 % | 0.20 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.26 % | 0.33 % | 0.87 % | 0.85 % | 0.66 % | 1.00 % | 1.00 % |
| Government | 0.03 % | 0.00 % | 0.00 % | 0.00 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % | 0.04 % |
| Public / Retail | 26.51 % | 28.78 % | 31.27 % | 30.91 % | 33.76 % | 33.76 % | 33.84 % | 33.86 % | 33.55 % | 33.72 % | 33.83 % | 33.13 % | 32.49 % | 32.27 % | 31.95 % | 33.63 % | 33.49 % | 32.22 % | 31.15 % |
| Others | 10.02 % | 10.57 % | 10.55 % | 11.90 % | 9.06 % | 9.39 % | 9.30 % | 9.28 % | 9.60 % | 9.43 % | 7.96 % | 10.02 % | 8.86 % | 8.97 % | 8.97 % | 7.37 % | 7.81 % | 8.71 % | 8.64 % |
| No of Share Holders | 25,627 | 25,386 | 24,369 | 23,849 | 28,673 | 29,029 | 28,336 | 28,143 | 27,940 | 27,698 | 27,487 | 26,417 | 27,248 | 27,786 | 29,133 | 31,338 | 31,140 | 30,627 | 31,548 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Dividend Yield (%) | 0.00 | 0.59 | 0.92 | 3.65 | 1.24 | 1.13 | 0.92 | 0.3 | 0.43 | 0.3 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 24 Feb 2021 |  Dividend | ₹ 1.00 /share | 23 Feb 2021 | 94.70 | 88.60 |
| 28 Apr 2021 | Dividend | ₹ 1.00 /share | 27 Apr 2021 | 79.15 | 78.15 |
| 25 Nov 2021 | Dividend | ₹ 2.00 /share | 24 Nov 2021 | 136.35 | 137.40 |
| 17 Jun 2022 |  Change Of Name | NA | 17 Jun 2022 | 134.70 | 134.70 |
| 21 Sept 2022 | Dividend | ₹ 1.00 /share | 20 Sept 2022 | 149.40 | 177.25 |
| 22 Sept 2023 | Dividend | ₹ 1.00 /share | 21 Sept 2023 | 139.30 | 145.35 |
| 28 Sept 2023 |  Annual General Meeting | NA | 28 Sept 2023 | 142.05 | 156.35 |
| 20 Sept 2024 | Dividend | ₹ 1.00 /share | 20 Sept 2024 | 309.80 | 362.15 |
| 27 Sept 2024 | Annual General Meeting | NA | 27 Sept 2024 | 374.20 | 353.10 |
| 12 Nov 2024 |  Quarterly Result Announcement | NA | 12 Nov 2024 | 340.35 | 340.95 |
| 13 Feb 2025 | Quarterly Result Announcement | NA | 13 Feb 2025 | 290.05 | 270.80 |
| 27 May 2025 | Quarterly Result Announcement | NA | 27 May 2025 | 294.05 | 298.15 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 320.30 | 311.10 |
| 17 Sept 2025 | Dividend | ₹ 1.00 /share | 17 Sept 2025 | 298.15 | 300.95 |
| 24 Sept 2025 | Annual General Meeting | NA | 24 Sept 2025 | 322.70 | 313.40 |
| 12 Nov 2025 | Quarterly Result Announcement | NA | 12 Nov 2025 | 322.15 | 344.65 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 hour ago
1 hour agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Change in Management5 days ago
5 days agoBoard Meeting Outcome for Outcome Of Board Meeting5 days ago
5 days agoResults- Financial Results For Quarter And Half Year Ended 30 September 20255 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Nov 07, 2025Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 As AmendedNov 06, 2025
Nov 06, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Oct 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 30, 2025
Sep 30, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 26, 2025
Sep 26, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 26, 2025
Sep 26, 2025Payment Of Redemption And Dividend Amount On 7% Non-Convertible Redeemable Preference SharesSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 24, 2025
Sep 24, 2025Clarification On Increase In VolumeSep 24, 2025
Sep 24, 2025Clarification sought from Zuari Industries LtdSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Intimation Regarding Redemption Of 7% Non-Convertible Redeemable Preference Shares And Declaration Of Dividend ThereonSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 31, 2025
Aug 31, 2025Letter To Members Under Regulation 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As AmendedAug 30, 2025
Aug 30, 2025Reg. 34 (1) Annual Report.Aug 29, 2025
Aug 29, 2025Notice Of The 57Th Annual General Meeting Of Zuari Industries Limited Scheduled To Be Held On Wednesday 24 September 2025 At 03:00 P.M.Aug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 29, 2025
Aug 29, 2025Intimation Of The Record Date For The Purpose Of DividendAug 27, 2025
Aug 27, 2025Intimation Of Book Closure DateAug 27, 2025
Aug 27, 2025Intimation Of 57Th Annual General Meeting Book Closure And Record DateAug 27, 2025
Aug 27, 2025Intimation To The Holders Of Physical Shares For Mandatory Furnishing Of KYC DetailsAug 27, 2025
Aug 27, 2025Intimation Regarding 100 Days Campaign - Saksham NiveshakAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 13, 2025
Aug 13, 2025General UpdatesAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 12, 2025
Aug 12, 2025Board Meeting Outcome for Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30 June 2025Aug 12, 2025
Aug 12, 2025Results- Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30 June 2025Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 09, 2025
Aug 09, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended 30 June 2025Aug 07, 2025
Aug 07, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 03, 2025
Aug 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Jul 31, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 JM Small Cap Fund Direct - Growth | 1.40% | 22000 | -0.06% | 0.13% | |
| JM ELSS Tax Saver Fund Direct Plan-Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 50.15
ATR(14)
Less Volatile 16.79
STOCH(9,6)
Neutral 52.14
STOCH RSI(14)
Overbought 87.38
MACD(12,26)
Bullish 0.65
ADX(14)
Weak Trend 18.72
UO(9)
Bearish 39.82
ROC(12)
Downtrend And Accelerating -1.71
WillR(14)
Neutral -47.51
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