Zuari Agro Chemicals Ltd. (ZUARI) AI Stock Analysis

• Market Cap: ₹9.08B
• Dividend Yield: N/A
• Average Volume (3M): 17.81K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 0.95
• Revenue Growth: 23.32%
• EPS Growth: 447.31%
• Country: IN
• Employees: 624
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 9.44
• Shares Outstanding: 42,058,006
• 10 Day Avg. Volume: 32,179
• 30 Day Avg. Volume: 17,813
• PEG Ratio: 0.07
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 1.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹189.00 ▼(-44.01% Downside)
• Action: Downgraded Date: 03/10/26
• Date: Action: Downgraded 03/10/26

The score is held back most by weak technicals (price below all major moving averages with negative MACD), while financial performance is mixed but supported by strong cash generation and improved margins. A low P/E provides some valuation support, but declining revenue and lower ROE temper the fundamentals-driven upside.

Positive Factors

Strong cash generation

Zuari's operating cash flow at ~3.1x net income demonstrates high cash conversion and earnings quality. Durable internal cash generation supports capex, working capital, dividends or debt reduction, giving financial flexibility and resilience across the next several quarters.

Negative Factors

Declining revenue trend

Top-line contraction is a structural concern: falling revenue limits operating leverage benefits from improved margins and constrains long-term earnings growth. Without a reversal in volumes or market share, margin gains may not translate into sustainable profit growth.

Zuari Agro Chemicals Ltd. Business Overview & Revenue Model

Company Description

Zuari Agro Chemicals Limited engages in the manufacturing, trading, and marketing of chemical fertilizers and other fertilizer products in India. It offers fertilizers, such as urea, DAP, MOP, and other complex fertilizers; water soluble fertilize...

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Zuari Agro Chemicals Limited engages in the manufacturing, trading, and marketing of chemical fertilizers and other fertilizer products in India. It offers fertilizers, such as urea, DAP, MOP, and other complex fertilizers; water soluble fertilize...

How the Company Makes Money

ZUARI makes money primarily by selling agricultural inputs—most notably fertilizers—to customers in India. Its core revenue stream is the sale of fertilizer products through a channel that typically includes wholesalers, retailers, cooperatives, a...

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ZUARI makes money primarily by selling agricultural inputs—most notably fertilizers—to customers in India. Its core revenue stream is the sale of fertilizer products through a channel that typically includes wholesalers, retailers, cooperatives, a...

Zuari Agro Chemicals Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	48.85B	44.36B	45.92B	45.53B	35.88B	24.02B
Gross Profit	17.12B	16.70B	5.79B	14.73B	12.20B	8.45B
EBITDA	14.09B	4.23B	5.31B	8.55B	2.85B	2.56B
Net Income	9.80B	1.65B	998.29M	4.77B	1.30B	-1.57B
Balance Sheet
Total Assets	40.76B	50.26B	48.20B	50.52B	62.62B	53.72B
Cash, Cash Equivalents and Short-Term Investments	681.20M	2.12B	3.49B	3.89B	5.86B	4.61B
Total Debt	6.07B	7.17B	17.83B	21.08B	26.43B	18.51B
Total Liabilities	15.46B	25.09B	25.30B	29.37B	54.18B	47.33B
Stockholders Equity	25.30B	18.56B	16.94B	15.81B	3.67B	1.96B
Cash Flow
Free Cash Flow	2.91B	4.07B	3.29B	-2.22B	3.44B	14.41B
Operating Cash Flow	5.34B	5.11B	4.73B	948.00M	5.71B	15.21B
Investing Cash Flow	-4.18B	-1.22B	28.03M	4.26B	-1.37B	-1.71B
Financing Cash Flow	-3.22B	-4.94B	-5.27B	-6.98B	-2.96B	-11.88B

Zuari Agro Chemicals Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 337.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZUARI, the sentiment is Neutral. The current price of 337.55 is above the 20-day moving average (MA) of 201.39, above the 50-day MA of 225.16, and above the 200-day MA of 265.95, indicating a neutral trend. The MACD of -4.48 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 88.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ZUARI.

Zuari Agro Chemicals Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KHAICHEM	66 Neutral	₹5.42B	9.32	―	―	67.43%	―
SHREEPUSHK	62 Neutral	₹11.27B	17.66	―	0.52%	28.67%	50.12%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TNPL	58 Neutral	₹9.22B	36.69	―	2.08%	4.65%	-127.24%
ZUARI	57 Neutral	₹9.08B	8.74	―	―	23.32%	447.31%
UNIENTER	46 Neutral	₹6.86B	-247.22	―	0.34%	―	―
ZUARIIND	44 Neutral	₹7.41B	-9.38	―	0.32%	19.59%	-83.95%

Zuari Agro Chemicals Ltd. Corporate Events