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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 534742 | NSE: ZUARI

Fundamental Analysis of Zuari Agro Chemicals Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:49 pm

Market Cap 807 Cr.
Current Price 192
High / Low260/128
Stock P/E2.62
Book Value 379
Dividend Yield0.00 %
ROCE10.2 %
ROE12.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Zuari Agro Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Krishana Phoschem Ltd 1,427 Cr. 236272/20234.7 48.10.11 %11.1 %11.2 % 10.0
Sikko Industries Ltd 121 Cr. 72.3118/54.640.5 14.20.21 %16.3 %12.8 % 10.0
Basant Agro Tech (India) Ltd 181 Cr. 19.928.9/15.259.2 18.70.40 %11.4 %11.0 % 1.00
Bharat Agri Fert & Realty Ltd 584 Cr. 111135/79.2 9.970.00 %6.14 %14.8 % 1.00
Deepak Fertilisers & Petrochemicals Corp Ltd 6,885 Cr. 545715/45014.3 4111.83 %25.4 %26.5 % 10.0
Industry Average1,839.60 Cr196.8429.74100.390.51%14.07%15.26%6.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3816598129359508931,2965021,4161,3391,2051,649843
Expenses3966297558558768711,2105221,2821,2081,1161,510768
Operating Profit-14315780742286-201341319013975
OPM %-4%5%7%9%8%2%7%-4%9%10%7%8%9%
Other Income37272610644481,1681963-629154543
Interest52304344404545515654575549
Depreciation16211716181618172221232324
Profit before tax-467241266081,191-70119-5732510645
Tax %-1%128%56%13%27%14%23%27%13%25%106%37%37%
Net Profit-46-210109447913-51104-427-26729
EPS in Rs-11.02-2.09-0.1922.817.051.35214.51-8.6516.46-108.99-5.778.443.19

Last Updated: April 10, 2024, 5:29 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:32 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8,2297,8657,3027,6137,6116,3777,2658,1033,0422,4043,5904,5535,037
Expenses7,8727,5247,0927,3137,3345,9056,7227,7833,3822,3693,3514,2164,602
Operating Profit358342210300277472542320-34035239337434
OPM %4%4%3%4%4%7%7%4%-11%1%7%7%9%
Other Income9195138715023113-11124146220616-525
Interest153303380318419440404488278200173205214
Depreciation29383430667783876868677992
Profit before tax26795-6623-157-22169-266-562-88218668-396
Tax %32%22%14%29%22%40%14%-3%-37%-44%22%19%
Net Profit18174-5714-123-13146-273-773-126171539-333
EPS in Rs130.3115.29-10.522.13-27.40-5.2227.91-68.57-190.74-37.3531.01113.33-103.13
Dividend Payout %2%20%-29%94%-7%-19%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-59.12%-177.03%124.56%-978.57%89.43%1223.08%-286.99%-183.15%83.70%235.71%215.20%
Change in YoY Net Profit Growth (%)0.00%-117.91%301.59%-1103.13%1068.00%1133.65%-1510.06%103.84%266.85%152.01%-20.51%

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-9%
3 Years:14%
TTM:23%
Compounded Profit Growth
10 Years:6%
5 Years:-2%
3 Years:29%
TTM:254%
Stock Price CAGR
10 Years:3%
5 Years:1%
3 Years:29%
1 Year:48%
Return on Equity
10 Years:-8%
5 Years:-23%
3 Years:8%
Last Year:13%

Last Updated: April 16, 2024, 6:12 pm

Zuari Agro Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13424242424242424242424242
Reserves9771,0279759651,3051,3251,4231,1102991543251,5391,552
Borrowings3,5774,4263,7473,4345,0474,2994,5065,2353,3681,8512,6432,1081,754
Other Liabilities1,4671,0011,2841,6781,6171,9142,2792,8862,8453,2973,2011,3611,693
Total Liabilities6,0346,4966,0486,1188,0117,5808,2509,2736,5545,3446,2115,0505,041
Fixed Assets3453744504881,8291,7931,7981,8351,8621,4311,4241,9401,932
CWIP50134282424102143147154168783201962
Investments112062097748789118158559521,1261,2421,226
Other Assets5,6375,9875,1114,9985,3064,7675,3956,4693,6682,8833,3411,8481,821
Total Assets6,0346,4966,0486,1188,0117,5808,2509,2736,5545,3446,2115,0505,041

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,922919839-8691,097293-3552,6351,52157195
Cash from Investing Activity -105-149-286-489-40-63-103-16-171-137426
Cash from Financing Activity 2,364-952-5471,363-1,003-148360-2,404-1,188-296-697
Net Cash Flow338-182655482-98215162138-176

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow355.00338.00207.00297.00272.00468.00538.00315.00-343.0034.00237.00335.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days166201188159197198170176266696463
Inventory Days5755556145567410794527847
Days Payable563245705486102118339969157
Cash Conversion Cycle16822419814918816814216422255253
Working Capital Days17322319415317715814815222-113-1449
ROCE %8%5%7%5%8%10%5%-5%3%13%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters65.04%65.04%65.04%65.04%65.04%65.28%65.28%65.28%65.28%65.28%65.28%65.28%
FIIs0.90%0.90%0.95%1.05%1.01%0.84%1.43%1.10%1.13%1.09%1.02%1.58%
DIIs3.06%2.11%2.11%1.77%1.42%1.43%1.08%1.00%1.00%1.00%1.00%1.00%
Government0.23%0.23%0.23%0.28%0.28%0.28%0.00%0.00%0.00%0.00%0.00%0.00%
Public30.76%31.72%31.66%31.86%32.24%32.17%32.22%32.62%32.58%32.62%32.70%32.13%
No. of Shareholders26,33730,93029,59628,69828,10230,01732,22530,90830,99631,69732,12733,845

Shareholding Pattern Chart

No. of Shareholders

Zuari Agro Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Value Fund3818180.089.35

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)113.3331.01-37.35-190.73-68.57
Diluted EPS (Rs.)113.3331.01-37.35-190.73-68.57
Cash EPS (Rs.)123.5518.55-34.48-187.11-57.26
Book Value[Excl.RevalReserv]/Share (Rs.)502.71200.78151.88179.61368.94
Book Value[Incl.RevalReserv]/Share (Rs.)502.71200.78151.88179.61368.94
Revenue From Operations / Share (Rs.)1082.46853.53571.53723.301926.60
PBDIT / Share (Rs.)101.2869.8363.7741.3085.63
PBIT / Share (Rs.)82.6253.7847.6125.1864.83
PBT / Share (Rs.)139.2012.73-0.04-40.95-76.42
Net Profit / Share (Rs.)104.882.51-50.64-203.22-78.05
NP After MI And SOA / Share (Rs.)113.3331.01-37.35-190.74-68.57
PBDIT Margin (%)9.358.1811.155.714.44
PBIT Margin (%)7.636.308.333.483.36
PBT Margin (%)12.851.490.00-5.66-3.96
Net Profit Margin (%)9.680.29-8.86-28.09-4.05
NP After MI And SOA Margin (%)10.463.63-6.53-26.37-3.55
Return on Networth / Equity (%)30.1435.53-80.07-235.12-25.02
Return on Capital Employeed (%)12.2115.2115.647.8411.07
Return On Assets (%)9.432.08-2.92-12.22-3.10
Long Term Debt / Equity (X)0.351.383.031.660.75
Total Debt / Equity (X)1.277.007.388.314.28
Asset Turnover Ratio (%)0.800.010.000.010.67
Current Ratio (X)0.810.680.650.660.91
Quick Ratio (X)0.630.580.600.550.65
Inventory Turnover Ratio (X)4.850.240.000.022.37
Interest Coverage Ratio (X)2.071.701.340.620.73
Interest Coverage Ratio (Post Tax) (X)1.061.040.80-0.370.54
Enterprise Value (Cr.)2628.932905.771663.703185.286035.02
EV / Net Operating Revenue (X)0.570.800.691.050.74
EV / EBITDA (X)6.179.896.2018.3416.76
MarketCap / Net Operating Revenue (X)0.110.150.150.080.09
Price / BV (X)0.321.531.950.760.68
Price / Net Operating Revenue (X)0.110.150.150.080.09
EarningsYield0.930.23-0.41-3.07-0.36

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 129.64

The stock is overvalued by 32.48% compared to the current price ₹192

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 5.75%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 110.17, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 129.42, which may not be favorable.
    4. The company has higher borrowings (3,538.08) compared to reserves (998.15), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (5.69) and profit (-9.00).

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Zuari Agro Chemicals Ltd:
      1. Net Profit Margin: 9.68%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 12.21% (Industry Average ROCE: 14.07%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 30.14% (Industry Average ROE: 15.26%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 1.06
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.63
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. ✓ Stock P/E: 2.62 (Industry average Stock P/E: 29.74)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 1.27
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating: ★★☆☆☆

    About the Company

    Zuari Agro Chemicals Ltd. is a Public Limited Listed company incorporated on 10/09/2009 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L65910GA2009PLC006177 and registration number is 006177. Currently company belongs to the Industry of Fertilisers. Company’s Total Operating Revenue is Rs. 83.01 Cr. and Equity Capital is Rs. 42.06 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    FertilisersJai Kisaan Bhawan, Goa Goa 403726investor.relations@adventz.com
    http://www.zuari.in
    Management
    NamePosition Held
    Mr. Saroj Kumar PoddarChairman & Non-Exe.Director
    Mr. Nitin M KantakExecutive Director
    Mr. Athar ShahabNon Executive Director
    Mr. Akshay PoddarNon Executive Director
    Mr. Dipankar ChatterjiIndependent Director
    Mr. AmandeepIndependent Director
    Ms. Reena SuraiyaIndependent Director
    Mr. Sanjeev LallIndependent Director

    Zuari Agro Chemicals Ltd. Share Price Update

    Share PriceValue
    Today₹193.25
    Previous Day₹187.65

    FAQ

    What is the latest fair value of Zuari Agro Chemicals Ltd?

    The latest fair value of Zuari Agro Chemicals Ltd is 129.64.

    What is the Market Cap of Zuari Agro Chemicals Ltd?

    The Market Cap of Zuari Agro Chemicals Ltd is 807 Cr..

    What is the current Stock Price of Zuari Agro Chemicals Ltd as on 20 April 2024?

    The current stock price of Zuari Agro Chemicals Ltd as on 20 April 2024 is 192.

    What is the High / Low of Zuari Agro Chemicals Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Zuari Agro Chemicals Ltd stocks is ₹260/128.

    What is the Stock P/E of Zuari Agro Chemicals Ltd?

    The Stock P/E of Zuari Agro Chemicals Ltd is 2.62.

    What is the Book Value of Zuari Agro Chemicals Ltd?

    The Book Value of Zuari Agro Chemicals Ltd is 379.

    What is the Dividend Yield of Zuari Agro Chemicals Ltd?

    The Dividend Yield of Zuari Agro Chemicals Ltd is 0.00 %.

    What is the ROCE of Zuari Agro Chemicals Ltd?

    The ROCE of Zuari Agro Chemicals Ltd is 10.2 %.

    What is the ROE of Zuari Agro Chemicals Ltd?

    The ROE of Zuari Agro Chemicals Ltd is 12.8 %.

    What is the Face Value of Zuari Agro Chemicals Ltd?

    The Face Value of Zuari Agro Chemicals Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Zuari Agro Chemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE