Zuari Agro Chemicals Ltd

NSE: ZUARI BSE: 534742

₹206.39

-1.31 (0.63%)

Fri, 23 Oct 2026, 03:44 am

MTF 5xInvest in Zuari Agro Chemicals Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)874.6

PE Ratio0.92

Dividend0

Process Industries

Chemicals: Agricultural

24.5K

Zuari Agro Chemicals Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-679.00M	-2.94B	-3.81B	-3.18B	-4.19B	-3.63B	-3.50B	-4.53B	-2.50B	-1.88B	-1.64B	-1.92B	-2.09B	-1.67B
Pretax equity in earnings	0	0	0	0	0	325.18M	584.88M	553.47M	—	—	—	—	—	—
Equity in earnings	0	0	0	-21.15M	182.70M	325.18M	—	553.47M	821.83M	867.38M	1.60B	979.26M	230.38M	1.50B
Total assets	60.47B	65.33B	60.88B	61.76B	80.23B	76.92B	82.63B	92.91B	65.63B	53.72B	62.62B	50.52B	48.20B	50.27B
Total current assets	54.89B	57.91B	50.12B	47.46B	50.76B	45.24B	51.38B	62.31B	34.55B	26.99B	32.76B	17.94B	14.83B	26.94B
Cash and short term investments	5.41B	4.24B	2.32B	2.56B	190.57M	722.84M	1.69B	844.90M	3.24B	6.09B	7.05B	4.27B	3.89B	2.12B
Cash & equivalents	3.38B	1.61B	2.31B	2.54B	190.57M	722.84M	1.65B	807.05M	2.67B	4.29B	5.67B	4.27B	3.78B	1.74B
Short term investments	2.03B	2.64B	12.21M	13.76M	0	0	37.85M	37.85M	564.08M	1.80B	1.38B	531.00K	110.01M	383.80M
Total receivables, net	38.56B	44.04B	38.54B	34.35B	42.94B	36.99B	38.14B	41.03B	24.39B	4.93B	6.74B	9.04B	7.17B	864.62M
Accounts receivable - trade, net	37.44B	43.40B	37.60B	33.10B	41.00B	34.61B	33.90B	39.06B	22.19B	4.54B	6.34B	7.80B	5.98B	861.50M
Other receivables	1.11B	637.34M	944.79M	1.25B	1.93B	2.37B	4.24B	1.97B	2.19B	389.94M	404.41M	1.23B	1.19B	3.13M
Total inventory	10.77B	9.43B	8.55B	9.88B	7.28B	7.07B	10.51B	17.65B	5.49B	2.22B	5.04B	3.99B	3.16B	1.72B
Other current assets, total	118.92M	132.20M	326.69M	303.37M	159.76M	283.02M	784.91M	2.45B	1.26B	13.62B	13.75B	495.16M	446.10M	22.22B
Total non-current assets	5.58B	7.42B	10.76B	14.31B	29.47B	31.68B	31.25B	30.60B	31.07B	26.73B	29.86B	32.57B	33.37B	23.33B
Long term investments	402.58M	961.98M	2.39B	4.06B	7.78B	8.83B	9.45B	8.47B	8.75B	9.65B	11.31B	12.46B	12.74B	14.29B
Note receivable - long term	401.57M	960.60M	262.19M	684.18M	41.08M	17.48M	296.06M	245.74M	159.12M	94.89M	3.75M	3.54M	9.22M	9.11M
Investments in unconsolidated subsidiaries	0	0	1.10B	2.27B	7.71B	8.01B	8.48B	7.81B	8.37B	9.24B	10.84B	11.82B	12.05B	13.54B
Other investments	1.01M	1.39M	1.04B	1.11B	36.82M	799.90M	666.42M	415.07M	217.90M	310.81M	459.36M	634.63M	686.85M	743.59M
Net property/plant/equipment	3.70B	4.85B	7.47B	9.13B	18.25B	18.59B	18.57B	19.25B	19.95B	15.10B	16.46B	18.58B	18.92B	7.65B
Gross property/plant/equipment	9.59B	10.74B	13.59B	15.52B	18.85B	19.90B	20.63B	22.10B	23.77B	17.79B	19.46B	22.05B	23.03B	8.20B
Deferred tax assets	137.80M	363.91M	401.97M	579.51M	140.56M	1.78B	920.82M	889.51M	674.12M	674.12M	697.78M	18.77M	85.08M	66.26M
Net intangible assets	253.06M	237.18M	247.65M	247.00M	1.53B	1.30B	1.27B	1.25B	1.19B	1.14B	1.11B	1.08B	1.15B	1.12B
Goodwill, net	226.54M	223.66M	223.66M	223.66M	386.59M	193.71M	190.83M	190.83M	153.35M	156.51M	156.51M	156.51M	156.51M	156.51M
Other intangibles, net	26.52M	13.52M	23.99M	23.34M	1.14B	1.11B	1.08B	1.06B	1.04B	988.06M	955.84M	925.33M	995.88M	959.36M
Other long term assets, total	665.62M	709.94M	296.79M	333.88M	1.77B	1.16B	1.04B	735.81M	476.22M	112.20M	249.37M	395.91M	442.23M	198.52M
Short term debt	35.69B	43.68B	35.77B	32.13B	45.06B	38.06B	39.86B	43.66B	28.02B	12.57B	20.70B	14.57B	12.51B	5.09B
Current portion of LT debt and capital leases	296.63M	40.63M	68.86M	397.73M	1.26B	1.76B	1.52B	3.01B	5.34B	4.03B	4.18B	4.27B	722.29M	958.48M
Short term debt excl. current portion of LT debt	35.39B	43.64B	35.70B	31.73B	43.81B	36.30B	38.34B	40.66B	22.68B	8.54B	16.52B	10.31B	11.78B	4.14B
Accounts payable	10.47B	5.52B	6.94B	11.39B	8.74B	10.79B	14.52B	19.57B	19.66B	4.08B	5.87B	4.83B	3.38B	1.59B
Income tax payable	218.50M	3.01M	36.14M	19.16M	3.00K	—	147.60M	0	0	19.53M	83.88M	159.24M	176.95M	0
Long term debt	82.28M	584.51M	1.70B	2.21B	5.41B	4.93B	5.20B	8.68B	5.66B	5.94B	5.73B	6.50B	5.32B	2.08B
Long term debt excl. lease liabilities	82.28M	584.51M	1.70B	2.21B	5.41B	4.93B	5.20B	8.68B	5.66B	5.94B	5.73B	6.50B	5.32B	2.08B
Total equity	11.21B	11.81B	11.17B	11.10B	17.03B	17.31B	18.55B	15.52B	7.55B	6.39B	8.44B	21.14B	22.90B	25.17B
Shareholders' equity	10.19B	10.69B	10.17B	10.07B	13.47B	13.67B	14.65B	11.52B	3.41B	1.96B	3.67B	15.81B	16.94B	18.56B
Common equity, total	10.19B	10.69B	10.17B	10.07B	13.47B	13.67B	14.65B	11.52B	3.41B	1.96B	3.67B	15.81B	16.94B	18.56B
Other common equity	9.77B	10.27B	2.41B	2.43B	6.80B	6.56B	12.96B	12.74B	12.56B	12.67B	13.07B	20.34B	20.48B	20.55B
Total debt	35.77B	44.26B	37.47B	34.34B	50.47B	42.99B	45.06B	52.35B	33.68B	18.51B	26.43B	21.08B	17.83B	7.17B
Net debt	30.36B	40.02B	35.15B	31.78B	50.28B	42.26B	43.38B	51.50B	30.44B	12.42B	19.38B	16.80B	13.94B	5.05B
Change in accounts receivable	-26.50B	-5.26B	5.79B	4.47B	-5.39B	6.59B	365.96M	-5.36B	15.68B	13.70B	-3.37B	-1.49B	1.70B	370.90M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	3.44B	3.67B	-3.51B	2.25B	3.40B	5.65B	-1.23B	-2.72B	7.05B	-521.58M	-463.64M	3.31B
Change in other assets/liabilities	3.26B	-4.23B	-844.55M	-505.13M	-5.25B	-513.68M	-2.36B	366.94M	183.95M	-58.08M	664.38M	-517.42M	72.83M	-436.22M
Sale of fixed assets & businesses	4.04M	15.79M	1.65B	51.84M	17.68M	16.05M	347.00K	4.57M	65.94M	80.57M	2.90M	6.08B	1.24B	260.63M
Purchase/sale of investments, net	-1.11B	-495.86M	-1.14B	-1.25B	257.85M	562.06M	-158.59M	-174.60M	-203.80M	-1.22B	679.74M	1.13B	-81.24M	-600.10M
Sale/maturity of investments	39.55B	39.02B	7.95B	4.85B	1.63B	2.70B	0	0	0	16.41M	679.74M	1.13B	63.56M	0
Purchase of investments	-40.66B	-39.52B	-9.08B	-6.10B	-1.37B	-2.13B	-158.59M	-174.60M	-203.80M	-1.24B	0	0	-144.80M	-600.10M
Other investing cash flow items, total	-200.00M	0	0	0	0	3.21M	0	0	0	0	12.11M	11.20M	13.94M	8.77M
Issuance/retirement of debt, net	24.08B	8.47B	-6.80B	-3.13B	16.74B	-6.82B	1.84B	7.46B	-19.81B	-8.44B	620.35M	-5.00B	-3.06B	-3.17B
Issuance/retirement of long term debt	-406.52M	246.23M	1.14B	838.02M	4.11B	66.88M	-45.94M	5.15B	-1.83B	-1.65B	-8.52M	646.36M	-611.37M	237.01M
Issuance/retirement of short term debt	24.48B	8.22B	-7.94B	-3.97B	12.63B	-6.89B	1.88B	2.31B	-17.98B	-6.79B	628.87M	-5.65B	-2.45B	-3.41B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	-146.17M	-147.13M	-147.12M	-107.56M	-3.21M	-90.52M	-67.11M	-65.69M	-27.26M	-54.49M	-76.83M	0	-81.74M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	-81.73M	0

Particulars	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-679.00M	-2.94B	-3.81B	-3.18B	-4.19B	-3.63B	-3.50B	-4.53B	-2.50B	-1.88B	-1.64B	-1.92B	-2.09B	-1.67B
Pretax equity in earnings	0	0	0	0	0	325.18M	584.88M	553.47M	—	—	—	—	—	—
Equity in earnings	0	0	0	-21.15M	182.70M	325.18M	—	553.47M	821.83M	867.38M	1.60B	979.26M	230.38M	1.50B
Total assets	60.47B	65.33B	60.88B	61.76B	80.23B	76.92B	82.63B	92.91B	65.63B	53.72B	62.62B	50.52B	48.20B	50.27B
Total current assets	54.89B	57.91B	50.12B	47.46B	50.76B	45.24B	51.38B	62.31B	34.55B	26.99B	32.76B	17.94B	14.83B	26.94B
Cash and short term investments	5.41B	4.24B	2.32B	2.56B	190.57M	722.84M	1.69B	844.90M	3.24B	6.09B	7.05B	4.27B	3.89B	2.12B
Cash & equivalents	3.38B	1.61B	2.31B	2.54B	190.57M	722.84M	1.65B	807.05M	2.67B	4.29B	5.67B	4.27B	3.78B	1.74B
Short term investments	2.03B	2.64B	12.21M	13.76M	0	0	37.85M	37.85M	564.08M	1.80B	1.38B	531.00K	110.01M	383.80M
Total receivables, net	38.56B	44.04B	38.54B	34.35B	42.94B	36.99B	38.14B	41.03B	24.39B	4.93B	6.74B	9.04B	7.17B	864.62M
Accounts receivable - trade, net	37.44B	43.40B	37.60B	33.10B	41.00B	34.61B	33.90B	39.06B	22.19B	4.54B	6.34B	7.80B	5.98B	861.50M
Other receivables	1.11B	637.34M	944.79M	1.25B	1.93B	2.37B	4.24B	1.97B	2.19B	389.94M	404.41M	1.23B	1.19B	3.13M
Total inventory	10.77B	9.43B	8.55B	9.88B	7.28B	7.07B	10.51B	17.65B	5.49B	2.22B	5.04B	3.99B	3.16B	1.72B
Other current assets, total	118.92M	132.20M	326.69M	303.37M	159.76M	283.02M	784.91M	2.45B	1.26B	13.62B	13.75B	495.16M	446.10M	22.22B
Total non-current assets	5.58B	7.42B	10.76B	14.31B	29.47B	31.68B	31.25B	30.60B	31.07B	26.73B	29.86B	32.57B	33.37B	23.33B
Long term investments	402.58M	961.98M	2.39B	4.06B	7.78B	8.83B	9.45B	8.47B	8.75B	9.65B	11.31B	12.46B	12.74B	14.29B
Note receivable - long term	401.57M	960.60M	262.19M	684.18M	41.08M	17.48M	296.06M	245.74M	159.12M	94.89M	3.75M	3.54M	9.22M	9.11M
Investments in unconsolidated subsidiaries	0	0	1.10B	2.27B	7.71B	8.01B	8.48B	7.81B	8.37B	9.24B	10.84B	11.82B	12.05B	13.54B
Other investments	1.01M	1.39M	1.04B	1.11B	36.82M	799.90M	666.42M	415.07M	217.90M	310.81M	459.36M	634.63M	686.85M	743.59M
Net property/plant/equipment	3.70B	4.85B	7.47B	9.13B	18.25B	18.59B	18.57B	19.25B	19.95B	15.10B	16.46B	18.58B	18.92B	7.65B
Gross property/plant/equipment	9.59B	10.74B	13.59B	15.52B	18.85B	19.90B	20.63B	22.10B	23.77B	17.79B	19.46B	22.05B	23.03B	8.20B
Deferred tax assets	137.80M	363.91M	401.97M	579.51M	140.56M	1.78B	920.82M	889.51M	674.12M	674.12M	697.78M	18.77M	85.08M	66.26M
Net intangible assets	253.06M	237.18M	247.65M	247.00M	1.53B	1.30B	1.27B	1.25B	1.19B	1.14B	1.11B	1.08B	1.15B	1.12B
Goodwill, net	226.54M	223.66M	223.66M	223.66M	386.59M	193.71M	190.83M	190.83M	153.35M	156.51M	156.51M	156.51M	156.51M	156.51M
Other intangibles, net	26.52M	13.52M	23.99M	23.34M	1.14B	1.11B	1.08B	1.06B	1.04B	988.06M	955.84M	925.33M	995.88M	959.36M
Other long term assets, total	665.62M	709.94M	296.79M	333.88M	1.77B	1.16B	1.04B	735.81M	476.22M	112.20M	249.37M	395.91M	442.23M	198.52M
Short term debt	35.69B	43.68B	35.77B	32.13B	45.06B	38.06B	39.86B	43.66B	28.02B	12.57B	20.70B	14.57B	12.51B	5.09B
Current portion of LT debt and capital leases	296.63M	40.63M	68.86M	397.73M	1.26B	1.76B	1.52B	3.01B	5.34B	4.03B	4.18B	4.27B	722.29M	958.48M
Short term debt excl. current portion of LT debt	35.39B	43.64B	35.70B	31.73B	43.81B	36.30B	38.34B	40.66B	22.68B	8.54B	16.52B	10.31B	11.78B	4.14B
Accounts payable	10.47B	5.52B	6.94B	11.39B	8.74B	10.79B	14.52B	19.57B	19.66B	4.08B	5.87B	4.83B	3.38B	1.59B
Income tax payable	218.50M	3.01M	36.14M	19.16M	3.00K	—	147.60M	0	0	19.53M	83.88M	159.24M	176.95M	0
Long term debt	82.28M	584.51M	1.70B	2.21B	5.41B	4.93B	5.20B	8.68B	5.66B	5.94B	5.73B	6.50B	5.32B	2.08B
Long term debt excl. lease liabilities	82.28M	584.51M	1.70B	2.21B	5.41B	4.93B	5.20B	8.68B	5.66B	5.94B	5.73B	6.50B	5.32B	2.08B
Total equity	11.21B	11.81B	11.17B	11.10B	17.03B	17.31B	18.55B	15.52B	7.55B	6.39B	8.44B	21.14B	22.90B	25.17B
Shareholders' equity	10.19B	10.69B	10.17B	10.07B	13.47B	13.67B	14.65B	11.52B	3.41B	1.96B	3.67B	15.81B	16.94B	18.56B
Common equity, total	10.19B	10.69B	10.17B	10.07B	13.47B	13.67B	14.65B	11.52B	3.41B	1.96B	3.67B	15.81B	16.94B	18.56B
Other common equity	9.77B	10.27B	2.41B	2.43B	6.80B	6.56B	12.96B	12.74B	12.56B	12.67B	13.07B	20.34B	20.48B	20.55B
Total debt	35.77B	44.26B	37.47B	34.34B	50.47B	42.99B	45.06B	52.35B	33.68B	18.51B	26.43B	21.08B	17.83B	7.17B
Net debt	30.36B	40.02B	35.15B	31.78B	50.28B	42.26B	43.38B	51.50B	30.44B	12.42B	19.38B	16.80B	13.94B	5.05B
Change in accounts receivable	-26.50B	-5.26B	5.79B	4.47B	-5.39B	6.59B	365.96M	-5.36B	15.68B	13.70B	-3.37B	-1.49B	1.70B	370.90M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	3.44B	3.67B	-3.51B	2.25B	3.40B	5.65B	-1.23B	-2.72B	7.05B	-521.58M	-463.64M	3.31B
Change in other assets/liabilities	3.26B	-4.23B	-844.55M	-505.13M	-5.25B	-513.68M	-2.36B	366.94M	183.95M	-58.08M	664.38M	-517.42M	72.83M	-436.22M
Sale of fixed assets & businesses	4.04M	15.79M	1.65B	51.84M	17.68M	16.05M	347.00K	4.57M	65.94M	80.57M	2.90M	6.08B	1.24B	260.63M
Purchase/sale of investments, net	-1.11B	-495.86M	-1.14B	-1.25B	257.85M	562.06M	-158.59M	-174.60M	-203.80M	-1.22B	679.74M	1.13B	-81.24M	-600.10M
Sale/maturity of investments	39.55B	39.02B	7.95B	4.85B	1.63B	2.70B	0	0	0	16.41M	679.74M	1.13B	63.56M	0
Purchase of investments	-40.66B	-39.52B	-9.08B	-6.10B	-1.37B	-2.13B	-158.59M	-174.60M	-203.80M	-1.24B	0	0	-144.80M	-600.10M
Other investing cash flow items, total	-200.00M	0	0	0	0	3.21M	0	0	0	0	12.11M	11.20M	13.94M	8.77M
Issuance/retirement of debt, net	24.08B	8.47B	-6.80B	-3.13B	16.74B	-6.82B	1.84B	7.46B	-19.81B	-8.44B	620.35M	-5.00B	-3.06B	-3.17B
Issuance/retirement of long term debt	-406.52M	246.23M	1.14B	838.02M	4.11B	66.88M	-45.94M	5.15B	-1.83B	-1.65B	-8.52M	646.36M	-611.37M	237.01M
Issuance/retirement of short term debt	24.48B	8.22B	-7.94B	-3.97B	12.63B	-6.89B	1.88B	2.31B	-17.98B	-6.79B	628.87M	-5.65B	-2.45B	-3.41B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	-146.17M	-147.13M	-147.12M	-107.56M	-3.21M	-90.52M	-67.11M	-65.69M	-27.26M	-54.49M	-76.83M	0	-81.74M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	-81.73M	0