Zuari Agro Chem.

NSE: ZUARI · Fertilizers

52W Range₹175 ₹394

Snapshot

Unlock Zuari Agro Chem.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Zuari Agro Chemicals Limited is an Indian manufacturer and marketer of chemical fertilizers, including urea, DAP, and complex fertilizers. The company also offers a diversified portfolio of seeds, pesticides, micronutrients, and organic products under the Jai Kisaan brand.

Business Model

The company generates revenue through the production and trading of agricultural inputs, leveraging its established Jai Kisaan brand to reach farmers across India. Its business model relies on the distribution of both commodity fertilizers and value-added agricultural products.

Growth Outlook

Growth is expected to be driven by the expansion of its organic product portfolio and the continued demand for specialized micronutrients in the Indian agricultural sector.

Key Risks

  • Regulatory and Subsidy Risk. The company's profitability is highly sensitive to changes in government fertilizer subsidy policies and price controls.
  • Raw Material Price Volatility. Fluctuations in the global prices of natural gas and imported fertilizer raw materials can significantly impact operating margins.
  • Monsoon Dependency. As an agricultural input provider, the company's sales are heavily dependent on the timing and adequacy of the Indian monsoon.
  • Competitive Intensity. The fertilizer industry in India is highly competitive, with pressure from both domestic players and low-cost imports.

Price

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Key Metrics

REVENUE

₹3,200 Cr

TTM · consolidated

-27.9%YoY

NET PROFIT

₹982 Cr

TTM · consolidated

+325.4%YoY

EPS

₹218.71

TTM · consolidated

+458.5%YoY

RETURN ON EQUITY

51.3%

TTM · consolidated

+38.0 ppYoY

RETURN ON CAPITAL EMPLOYED

30.2%

TTM · consolidated

+20.2 ppYoY

P/E

1.1x

Q4 FY26 · consolidated

1.1 vs 3.9x5Y avg

EV/EBITDA

4.8x

Q4 FY26 · consolidated

4.8 vs 384.6x5Y avg

EBITDA MARGIN

10.3%

TTM · consolidated

+0.8 ppYoY

NET PROFIT MARGIN

-13.4%

Q4 FY26 · consolidated

-16.3 ppYoY

DEBT TO EQUITY

0.3x

Q4 FY26 · consolidated

-0.08xYoY

Peers · Fertilizers

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Zuari Agro Chem.ZUARI
8111.074.84-27.9%10.3%51.3%30.2%+14.3%
S P I CSPIC
1,2396.425.47-4.2%12.1%17.0%22.0%-21.7%
Madras FertilizeMADRASFERT
97113.718.74-9.5%8.0%-6538.2%123.2%-24.4%
Khaitan ChemicalKHAICHEM
4665.165.0871.6%11.8%35.9%48.8%-53.9%
Aries AgroARIES
46110.445.3318.9%12.0%14.1%21.8%-6.8%
Rama PhosphatesRAMAPHO
4058.316.4720.1%9.9%12.5%20.2%-13.2%

As of Q4 FY26

Financials