Past 10 year’s financial track record analysis by Moneyworks4me indicates that Zuari Industries Ltd is a below average quality company.
The key valuation ratios of Zuari Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Zuari Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.2% | 3.6% | 1.9% | 1.2% | 2% | 3.3% | 7.9% | 5.1% | 4.3% | 4.5% | - |
| Value Creation Index ⓘ | -0.6 | -0.7 | -0.9 | -0.9 | -0.9 | -0.8 | -0.4 | -0.6 | -0.7 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 39.5 | 0 | 0 | 16.6 | 2.5 | 57.2 | 776 | 610 | 814 | 715 | 757 |
| Sales YoY Gr. | - | -100% | NA | NA | -85% | 2,204.8% | 1,258.1% | -21.4% | 33.4% | -12.3% | - |
| Adj EPS ⓘ | 9.8 | 9.8 | 6.9 | 6.1 | 13.7 | 13.1 | 25 | -1.7 | 1.8 | 4.1 | -18.2 |
| YoY Gr. | - | 0.2% | -29.6% | -11.5% | 124.3% | -4% | 90.2% | -106.9% | NA | 123.9% | - |
| BVPS (₹) ⓘ | 218.6 | 345.1 | 492 | 701.2 | 625.1 | 445.3 | 741.4 | 1,056.9 | 703.9 | 910.1 | 1,227.8 |
| Adj Net Profit ⓘ | 28.7 | 28.8 | 20.3 | 18 | 40.3 | 38.7 | 73.5 | -5.1 | 5.5 | 12.3 | -54 |
| Cash Flow from Ops. ⓘ | -83.5 | -13 | 13 | -7.3 | 26.6 | 14.4 | 148 | 41.5 | 54.8 | 51 | - |
| Debt/CF from Ops. ⓘ | -1 | -6.1 | 0 | -3.4 | 4.4 | 31.7 | 9.4 | 31 | 22.3 | 20.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 37.9% | 210.4% | -2.7% | -12.3% | ||||
| Adj EPS ⓘ | -9.1% | -21.3% | -45.2% | 123.9% | ||||
| BVPSⓘ | 17.2% | 7.8% | 7.1% | 29.3% | ||||
| Share Price | 12.2% | 50.2% | 36.6% | 69.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.6 | 3.5 | 1.7 | 1 | 2.1 | 2.5 | 4.2 | -0.2 | 0.2 | 0.5 | -1.7 |
| Op. Profit Mgn % ⓘ | 21.4 | 0 | 0 | -20.5 | -291.6 | 16.3 | 12 | 3.1 | 7.8 | 7.2 | 9.5 |
| Net Profit Mgn % ⓘ | 72.7 | 0 | 0 | 108.5 | 1626.1 | 67.6 | 9.5 | -0.8 | 0.7 | 1.7 | -7.2 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0 | 0 | 0.1 | 0.4 | 0.6 | 0.4 | 0.6 | 0.4 | 0.2 |
| Working Cap Days ⓘ | 3,897 | 0 | 0 | 7,874 | 63,001 | 4,116 | 560 | 887 | 563 | 562 | 107 |
| Cash Conv. Cycle ⓘ | 1,556 | 0 | 0 | 5,059 | 36,731 | 1,556 | 124 | 212 | 133 | 197 | -1 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -2.72%
Net Profit has been subdued in last 3 years -45.15%
Sales growth is not so good in last 4 quarters at -6.77%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -18.2 | 249.8 |
| TTM Sales (₹ Cr.) | 757 | 841 |
| BVPS (₹.) ⓘ | 1,227.8 | 1,717.2 |
| Reserves (₹ Cr.) ⓘ | 2,642 | 5,084 |
| P/BV ⓘ | 0.27 | 0.19 |
| PE ⓘ | 0.00 | 1.33 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 179.45 / 423.00 |
| All Time Low / High (₹) | 15.50 / 895.00 |
| Market Cap (₹ Cr.) | 987 |
| Equity (₹ Cr.) | 29.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.3 |
| Pledged * | 7.07 | 7.07 | 7.07 | 7.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40 | 0 | 0 | 17 | 2 | 57 | 776 | 610 | 814 | 715 |
| Operating Expenses ⓘ | 35 | 9 | 10 | 20 | 10 | 48 | 684 | 595 | 754 | 665 |
| Manufacturing Costs | 0 | 10 | 17 | 13 | 12 | 20 | 36 | 50 | 35 | 37 |
| Material Costs | 26 | -10 | -17 | -3 | -12 | 18 | 567 | 462 | 635 | 493 |
| Employee Cost | 1 | 5 | 6 | 5 | 5 | 5 | 35 | 37 | 43 | 48 |
| Other Costs ⓘ | 7 | 4 | 4 | 4 | 4 | 6 | 45 | 46 | 41 | 87 |
| Operating Profit ⓘ | 5 | -9 | -10 | -3 | -7 | 9 | 93 | 16 | 60 | 49 |
| Operating Profit Margin (%) | 11.8% | - | - | -20.5% | -291.0% | 16.3% | 11.9% | 2.6% | 7.4% | 6.9% |
| Other Income ⓘ | 41 | 41 | 34 | 24 | 48 | 89 | 165 | 217 | 135 | 186 |
| Interest ⓘ | 11 | -1 | 0 | 1 | 8 | 44 | 161 | 196 | 158 | 135 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 24 | 24 | 24 |
| Exceptional Items ⓘ | 0 | 1 | 0 | 0 | 0 | -37 | -21 | -5 | -6 | -54 |
| Profit Before Tax ⓘ | 34 | 34 | 24 | 20 | 33 | 17 | 50 | 7 | 8 | 23 |
| Tax ⓘ | 7 | 5 | 3 | 2 | -8 | 4 | -19 | -8 | 2 | 0 |
| Profit After Tax | 27 | 29 | 20 | 18 | 40 | 13 | 69 | 15 | 5 | 23 |
| PAT Margin (%) | 67.8% | - | - | 108.5% | 1,626.1% | 22.6% | 8.9% | 2.5% | 0.7% | 3.2% |
| Adjusted EPS (₹) | 9.1 | 10.0 | 7.0 | 6.1 | 13.7 | 4.4 | 23.6 | 5.2 | 1.8 | 7.6 |
| Dividend Payout Ratio (%) | 11% | 10% | 14% | 16% | 7% | 23% | 8% | 58% | 55% | 13% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 644 | 1,016 | 1,448 | 2,064 | 1,840 | 1,311 | 2,183 | 3,112 | 2,096 | 2,710 |
| Share Capital ⓘ | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 |
| Reserves ⓘ | 614 | 986 | 1,419 | 2,035 | 1,811 | 1,281 | 2,153 | 3,082 | 2,067 | 2,681 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 80 | 0 | 0 | 25 | 106 | 423 | 1,208 | 1,081 | 920 | 894 |
| Long Term Debt | 80 | 0 | 0 | 0 | 71 | 355 | 1,017 | 855 | 688 | 620 |
| Short Term Debt | 0 | 0 | 0 | 25 | 35 | 67 | 191 | 226 | 233 | 274 |
| Trade Payables | 1 | 1 | 5 | 4 | 4 | 6 | 310 | 301 | 209 | 210 |
| Others Liabilities ⓘ | 141 | 204 | 73 | 80 | 111 | 126 | 321 | 414 | 444 | 304 |
| Total Liabilities ⓘ | 866 | 1,221 | 1,527 | 2,173 | 2,062 | 1,865 | 4,022 | 4,908 | 3,670 | 4,118 |
Fixed Assets | ||||||||||
| Gross Block | 15 | 2 | 3 | 3 | 2 | 2 | 612 | 617 | 632 | 635 |
| Accumulated Depreciation | 1 | 0 | 0 | 0 | 1 | 1 | 94 | 118 | 140 | 164 |
| Net Fixed Assetsⓘ | 14 | 2 | 2 | 2 | 1 | 2 | 517 | 499 | 492 | 472 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 1 | 6 |
| Investmentsⓘ | 435 | 808 | 1,165 | 1,779 | 1,562 | 990 | 1,857 | 2,994 | 2,011 | 2,556 |
| Inventories | 205 | 215 | 233 | 236 | 259 | 241 | 632 | 646 | 505 | 579 |
| Trade Receivables | 0 | 0 | 0 | 0 | 0 | 2 | 46 | 21 | 67 | 20 |
| Cash Equivalents | 4 | 1 | 4 | 10 | 3 | 57 | 57 | 15 | 41 | 8 |
| Others Assetsⓘ | 207 | 195 | 123 | 146 | 238 | 574 | 910 | 725 | 552 | 478 |
| Total Assets ⓘ | 866 | 1,221 | 1,527 | 2,173 | 2,062 | 1,865 | 4,022 | 4,908 | 3,670 | 4,118 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -84 | -13 | 13 | -7 | 27 | 14 | 148 | 42 | 55 | 51 |
| PBT ⓘ | 34 | 34 | 24 | 20 | 33 | 17 | 50 | 7 | 8 | 23 |
| Adjustment ⓘ | -26 | -30 | -19 | -20 | -23 | -5 | 47 | 25 | 61 | 63 |
| Changes in Working Capital ⓘ | -80 | -8 | -8 | -6 | -9 | 9 | 45 | 27 | 1 | -41 |
| Tax Paid ⓘ | -11 | -10 | 15 | -1 | 26 | -7 | 6 | -18 | -14 | 6 |
| Cash Flow From Investing Activity ⓘ | 127 | 23 | 84 | -7 | -116 | -307 | -169 | 270 | 195 | 252 |
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | -6 | -12 | 13 | 19 |
| Net Investments | 119 | -34 | 60 | -3 | -41 | -57 | -38 | 53 | -36 | 76 |
| Others ⓘ | 7 | 57 | 24 | -4 | -76 | -251 | -125 | 230 | 218 | 157 |
| Cash Flow From Financing Activityⓘ | -46 | -12 | -94 | 20 | 82 | 294 | 24 | -305 | -248 | -314 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -80 | 0 | 83 | 292 | 234 | -202 | -122 | -168 |
| Interest Paid ⓘ | -12 | -9 | -10 | -1 | -8 | -27 | -136 | -186 | -129 | -183 |
| Dividend Paid ⓘ | -3 | -3 | -3 | -3 | -3 | -3 | -6 | -9 | -3 | -3 |
| Others ⓘ | -31 | -1 | -1 | 24 | 10 | 32 | -69 | 93 | 5 | 40 |
| Net Cash Flow ⓘ | -3 | -3 | 3 | 6 | -8 | 1 | 3 | 7 | 2 | -10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.24 | 3.54 | 1.66 | 1.02 | 2.06 | 0.82 | 3.98 | 0.58 | 0.21 | 0.94 |
| ROCE (%) | 6.22 | 3.62 | 1.88 | 1.17 | 2.01 | 3.29 | 7.9 | 5.1 | 4.28 | 4.45 |
| Asset Turnover Ratio | 0.05 | 0 | 0 | 0.01 | 0 | 0.03 | 0.26 | 0.14 | 0.19 | 0.18 |
| PAT to CFO Conversion(x) | -3.11 | -0.45 | 0.65 | -0.39 | 0.68 | 1.08 | 2.14 | 2.8 | 11 | 2.22 | Working Capital Days |
| Receivable Days | 217 | 0 | 0 | 7 | 27 | 6 | 11 | 20 | 20 | 22 |
| Inventory Days | 1,849 | 0 | 0 | 5,158 | 0 | 1,595 | 205 | 382 | 258 | 277 |
| Payable Days | 758 | -41 | -72 | -529 | -138 | 111 | 102 | 241 | 147 | 155 |
Zuari Global, earlier known as Zuari Agro Chemicals, formerly Zuari Industries was incorporated in 1967 as Zuari Agro Chemicals to manufacture urea and complex fertilisers. Being part of the K.K. Birla Group, the company set up a plant in Goa in partnership with US Steel Corporation. In 2012 the name of the company has changed from "Zuari Industries Limited" to "Zuari Global Limited".
In 1973 company set up a urea plant followed by its NPK plant in 1975 and DAP plant in 1984. Much later in 1998, the company was rechristened as Zuari Industries.
The company forayed into various business areas such as cement, furniture, hybrid seeds, engineering consultancy, financial services, and oil tanking through a route of subsidiaries and joint ventures.
The company’s manufacturing plant is designed, engineered and constructed by Toyo Engineering of Japan. The complete manufacturing facility encompasses four separate units for manufacturing ammonia, urea, NPK A and NPK B. The plant has an annual installed capacity of 946,000 metric tonnes of fertilisers.
Zuari Industries' marketing offices are spread over a wide marketing area covering the states of Goa, Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu.
Zuari Agro Chemicals Limited announced on 19th December, 2011 that it has formed a Joint Venture Company, MCA Phosphates Pte Ltd, with Mitsubishi Corporation, Japan for the for the purpose of investments in rock phosphate assets. Since then MCA Phosphates Pte Ltd has acquired 30% equity stake in Fosfatos del Pacifico (Fospac), of Peru for a consideration of USD 46.12 million.
Products
Fertilisers- Under fertiliser the company manufactures a range of fertilisers such as NPK in various ratios such as 0:0:60, 10:26:26, 12:32:16, 19:19:19, 18:46:0 and 0:0:50. It also produces urea. The company markets its product under the brand name Jai Kisaan.
Fungicides- The company manufactures fungicides to fight diseases such as leaf spots, wilts, blights, blasts, rusts, damping off, powdery mildew, and smuts. It has developed products such as Bensaan, Copper 25, Copsaan, Hexaan, Jk Cyclo, Mancomet, and Mancosaan.
Herbicides- Under this, the company manufactures products that are used in the pre-emergence and post emergence stages pf crop cultivation. Zuari Industries has developed products namely Atrasaan, Benzy 700, Butasaan, Glysaan 41, Kleen 58, Kleen 80, Oxyfen 235, Parachlor 24 and Prety 50.
Speciality Fertilisers- The company manufactures products to improve shelf life of crops, vegetables and fruits. Under this segment, it has developed products namely Atom 61, Boon 45, Boost 52, Calnit 19, Poorna 19 and Sulpho 50.
Insecticides- The company is engaged in manufacturing solutions to fight against bollworms, white fly and sucking pests. It has created products such as Aphasaan, Carbosaan, Dozer, Lamda-2.5, Supreme etc.
The company also produces organic manures and micronutrients.
Awards
Zuari Group of Companies (Parent Company)
The Zuari Group of companies has business interests in agri-inputs manufacturing and delivery, financial services, sugar, cement, hybrid seeds, engineering consultancy, furniture, and oil tanking.
Zuari subsidiary companies include Indian Furniture Products, Zuari Seeds, Simon India, Zuari Infrastructure & Developers, and Zuari Developers. The joint venture companies of Zuari are Zuari Investments, Zuari Indian Oil Tanking, Zuari Maroc Phosphates and Zuari Rotem Speciality Fertilizer, Gobind Sugar Mills and Chambal Fetilizers & Chemical
Subsidiary Companies
Zuari Seeds – Zuari Seeds was incorporated in 1995 to produce and market a range of field and vegetable crop seeds and conduct R&D activities. Later in 2003 Green Tech Seeds International was merged with Zuari Seeds. The company sells products under the brand name Jai Kisaan.
Simon India- Simon India (SIL) was a joint venture between Zuari Industries and Overseas Holdings in order to conduct business in area of engineering and project management expertise for group companies and outside customers. Presently this company is 100% subsidiary of ZIL and provides engineering solutions in area of chemical, metallurgical, refinery, petrochemical, fertiliser and infrastructural sectors and many more.
Indian Furniture Products- Incorporated in 1997 the company is engaged in business of manufacturing ready to assemble furniture. The company became 100% subsidiary in the year 2002 and has capacity to manufacture 200,000 units of particle board and MDF based furniture, annually.
Zuari Infrastructure and Developers- Incorporated in 2006, the company was previously known as Zuari SEZ. The company was established to develop Special Economic Zone (SEZ) for Information Technology (IT) and Information Technology Enabled Services (ITES).
Zuari Developers- Formerly known as Anil Kumar M N Developer, the company became subsidiary on December 2007. The company conducts business activities such as developing the land for commercial/ residential purpose and will be entering into a suitable agreement with its holding Company and other agencies.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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