Zuari Industries Limited (IN:ZUARIIND)
:ZUARIIND
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Zuari Industries Limited
(ZUARIIND)
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Rating:48Neutral
Price Target:
₹250.00
▼(-23.04% Downside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by weak cash generation (negative free cash flow in the last two years) and volatile profitability, despite an improved balance sheet with reduced leverage. Technical indicators also point to softer momentum, while valuation is difficult to assess with a negative P/E and a low dividend yield.
Positive Factors
Improved Balance Sheet
Recent material debt reduction and debt well below equity indicate stronger solvency and greater financial flexibility. This improved capital structure lowers refinancing risk and supports funding for working capital or targeted investments over the next several months, helping absorb earning volatility.
Negative Factors
Weak Cash Generation
Two consecutive years of negative free cash flow point to structural cash-conversion challenges. Persistent cash burn limits self-funding for capex, dividends, or debt reduction, increasing reliance on external financing and constraining strategic flexibility over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
Recent material debt reduction and debt well below equity indicate stronger solvency and greater financial flexibility. This improved capital structure lowers refinancing risk and supports funding for working capital or targeted investments over the next several months, helping absorb earning volatility.
Read all positive factors
Zuari Industries Limited (ZUARIIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.97B
Dividend Yield0.32%
Average Volume (3M)93.77K
Price to Earnings (P/E)7.4
Beta (1Y)1.33
Revenue Growth7.68%
EPS GrowthN/A
CountryIN
Employees329
SectorBasic Materials
Sector Strength58
IndustryConglomerates
Share Statistics
EPS (TTM)40.09
Shares Outstanding29,781,183
10 Day Avg. Volume30,762
30 Day Avg. Volume93,767
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.18
Price to Sales (P/S)0.61
P/FCF Ratio-49.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zuari Industries Limited Business Overview & Revenue Model
Company Description
Zuari Industries Limited, a diversified Indian conglomerate, was established in 1967 and has its headquarters in Gurugram, India. Operating under its current name since June 2022 (having previously been known as Zuari Global Limited), the company'...
How the Company Makes Money
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Zuari Industries Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
36
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.06B | 10.45B | 9.70B | 8.37B | 9.55B | 7.21B |
| Gross Profit | 3.07B | 1.55B | 1.37B | 2.97B | 3.11B | 2.59B |
| EBITDA | 3.97B | 706.82M | 1.42B | 10.66B | 5.90B | 2.24B |
| Net Income | 1.19B | 1.08B | -932.19M | 7.14B | 3.11B | -358.26M |
Balance Sheet | ||||||
| Total Assets | 81.04B | 71.64B | 89.27B | 74.94B | 58.09B | 62.44B |
| Cash, Cash Equivalents and Short-Term Investments | 6.38B | 4.54B | 6.94B | 775.19M | 7.36B | 3.39B |
| Total Debt | 23.47B | 25.98B | 25.09B | 23.77B | 26.32B | 24.53B |
| Total Liabilities | 34.46B | 35.60B | 38.95B | 35.90B | 34.27B | 32.82B |
| Stockholders Equity | 46.74B | 36.21B | 50.48B | 39.19B | 23.95B | 29.74B |
Cash Flow | ||||||
| Free Cash Flow | 2.72B | -128.73M | -1.81B | 578.95M | -15.26M | 407.23M |
| Operating Cash Flow | 2.84B | 128.66M | -1.66B | 714.80M | 159.69M | 615.25M |
| Investing Cash Flow | -166.52M | -801.23M | 895.32M | 4.75B | 945.60M | 693.34M |
| Financing Cash Flow | -3.03B | 553.88M | 946.77M | -5.83B | -886.48M | -869.04M |
Zuari Industries Limited Technical Analysis
Positive
324.85
Price Trends
259.37
Positive
255.44
Positive
288.69
Negative
Market Momentum
3.01
Negative
63.15
Neutral
82.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZUARIIND, the sentiment is Positive. The current price of 324.85 is above the 20-day moving average (MA) of 254.61, above the 50-day MA of 259.37, and above the 200-day MA of 288.69, indicating a neutral trend. The MACD of 3.01 indicates Negative momentum. The RSI at 63.15 is Neutral, neither overbought nor oversold. The STOCH value of 82.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ZUARIIND.
Zuari Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹31.16B | 11.33 | ― | 4.74% | 8.00% | 4.05% | |
68 Neutral | ₹48.79B | 22.16 | ― | 9.28% | -14.32% | -50.87% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹111.84B | 29.03 | ― | ― | 26.77% | 347.15% | |
50 Neutral | ₹38.93B | 85.08 | ― | ― | -69.74% | 96.68% | |
48 Neutral | ₹7.97B | 7.39 | ― | 0.32% | 7.68% | ― | |
44 Neutral | ₹8.16B | 1.27 | ― | ― | ― | 1694.80% |
* Basic Materials Sector Average
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Zuari Industries Limited Corporate Events
Zuari Industries Files Revised Q4 FY26 Investor Presentation
May 26, 2026
Zuari Industries Limited has submitted a revised investor presentation for the fourth quarter of FY26 to the National Stock Exchange and BSE, replacing the version filed a day earlier. The updated presentation, which will be made available on the ...
Zuari Industries Schedules Analyst Meet, Reaffirms Compliance on Disclosures
Mar 5, 2026
Zuari Industries Limited has announced that its officials will participate in a virtual group meeting with investors and analysts at the Arihant Capital – Bharat Connect Conference on Wednesday, 11 March 2026 at 1:00 p.m. The company emphasi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.