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Last Updated on: 12 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500780 | NSE: ZUARIIND

Zuari Industries Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 11, 2024, 10:03 pm

Market Cap 1,085 Cr.
Current Price 365
High / Low423/160
Stock P/E21.1
Book Value 1,717
Dividend Yield0.27 %
ROCE3.71 %
ROE2.34 %
Face Value 10.0
PEG Ratio0.10

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Zuari Industries Ltd

Competitors of Zuari Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gayatri Sugars Ltd 102 Cr. 15.727.9/15.1 20.00.00 %93.2 %% 10.0
Dhampure Speciality Sugars Ltd 106 Cr. 134142/69.572.3 35.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 862 Cr. 130164/11281.9 1461.93 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,801 Cr. 207242/15014.8 1000.96 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 562 Cr. 5.9811.5/5.0145.3 3.640.00 %6.86 %3.75 % 1.00
Industry Average2,294.48 Cr325.0032.80224.520.61%13.00%13.21%6.37

All Competitor Stocks of Zuari Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales173167126256234187252282191269116262226
Expenses193178147215234210258233243282126142201
Operating Profit-20-11-2241-0-23-649-52-13-1012125
OPM %-11%-7%-17%16%-0%-12%-2%17%-27%-5%-9%46%11%
Other Income58882980318595214282608911517
Interest84545373606162676974726869
Depreciation7673778677777
Profit before tax-5216-5345251-32-23118-46-3480261-34
Tax %-29%-2%-8%22%-1%41%-83%13%4%-2%9%-3%-2%
Net Profit-3717-4835253-45-4102-48-3372963-34
EPS in Rs-8.907.75-16.3612.1484.97-14.92-1.2634.34-15.85-11.00244.8921.35-11.20

Last Updated: October 7, 2024, 8:50 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:13 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales398642520553603550774771834722955838873
Expenses4076405185685755569051,031843710927786751
Operating Profit-922-1529-6-131-260-9122852122
OPM %-2%0%0%-3%5%-1%-17%-34%-1%2%3%6%14%
Other Income3560213321071001211272305621,041983
Interest711343966119113160202264248282282
Depreciation9888152021252923272728
Profit before tax943-19-60-20-38-165-325-113-45314784795
Tax %96%77%57%-36%1%9%-11%22%-13%-22%1%9%
Net Profit11-1-26-38-20-41-148-396-98-35309713726
EPS in Rs5.39-0.41-8.93-14.96-8.80-10.56-43.68-124.81-29.20-12.19104.30239.72244.04
Dividend Payout %37%-245%-11%-7%-11%-9%-2%-1%-7%-8%1%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-109.09%-2500.00%-46.15%47.37%-105.00%-260.98%-167.57%75.25%64.29%982.86%130.74%
Change in YoY Net Profit Growth (%)0.00%-2390.91%2453.85%93.52%-152.37%-155.98%93.41%242.82%-10.97%918.57%-852.11%

Zuari Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:2%
3 Years:0%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:2%
TTM:165%
Stock Price CAGR
10 Years:13%
5 Years:52%
3 Years:37%
1 Year:89%
Return on Equity
10 Years:-3%
5 Years:-3%
3 Years:2%
Last Year:-2%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital29292929292929292929303030
Reserves6726796491,7601,8802,3782,1521,1371,8492,8852,3123,8305,084
Borrowings712286237608661,1531,4711,9402,2882,5122,6912,4362,401
Other Liabilities3364005564424596247738307408167741,1951,429
Total Liabilities1,1081,3361,8582,9913,2354,1844,4263,9374,9076,2435,8077,4928,944
Fixed Assets8479252370539550544698665654645622611
CWIP281116914212871327167
Investments5664703751,4331,6002,2112,0231,1321,8773,1802,5864,8526,426
Other Assets4307761,0631,0461,0841,4151,7882,1042,3642,4012,5752,0121,900
Total Assets1,1081,3361,8582,9913,2354,1844,4263,9374,9076,2435,8077,4928,944

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-3-158-288-12109-125-451261096226971
Cash from Investing Activity +81341-45-5-97-114-360-20469-159475
Cash from Financing Activity +813623866-9821416023290-87-89-583
Net Cash Flow13-10-895-92-2-54422-36

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-80.00-226.00-621.00-775.00-837.00-7.00-132.00-261.00-11.0010.0026.0050.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days817569625686495140373124
Inventory Days2914551,4328968311,8091,8401,2158641,031629493
Days Payable168350580295383825626465260283142160
Cash Conversion Cycle2041809226635051,0711,263800644785518358
Working Capital Days-37117269205218351307255347448396-57
ROCE %-0%3%3%-1%2%3%-2%-5%3%4%11%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters56.90%56.90%56.95%56.95%56.81%56.81%56.81%56.81%56.81%56.81%56.81%56.81%
FIIs1.24%1.27%1.35%1.39%1.20%1.41%1.31%1.30%1.30%1.36%1.49%1.55%
DIIs3.75%1.29%0.24%0.20%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.26%
Government0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public38.11%40.55%41.46%41.42%41.94%41.73%41.84%41.85%41.86%41.78%41.67%41.35%
No. of Shareholders25,38624,36923,84928,67329,02928,33628,14327,94027,69827,48726,41727,248

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)239.72102.84-11.95-31.58-124.64
Diluted EPS (Rs.)239.72102.84-11.95-31.58-124.64
Cash EPS (Rs.)239.32-15.76-5.75-1.25-34.48
Book Value[Excl.RevalReserv]/Share (Rs.)1296.09779.97985.71661.44371.16
Book Value[Incl.RevalReserv]/Share (Rs.)1296.09779.97985.71661.44371.16
Revenue From Operations / Share (Rs.)281.31320.71245.18283.21261.89
PBDIT / Share (Rs.)94.4370.5580.7069.4945.24
PBIT / Share (Rs.)85.2461.3472.9859.5636.59
PBT / Share (Rs.)254.06-22.07-16.78-16.31-19.02
Net Profit / Share (Rs.)230.14-24.97-13.46-11.19-43.13
NP After MI And SOA / Share (Rs.)239.72102.84-12.17-31.58-124.64
PBDIT Margin (%)33.5621.9932.9124.5317.27
PBIT Margin (%)30.3019.1229.7621.0213.97
PBT Margin (%)90.31-6.88-6.84-5.75-7.26
Net Profit Margin (%)81.80-7.78-5.49-3.94-16.46
NP After MI And SOA Margin (%)85.2132.06-4.96-11.15-47.59
Return on Networth / Equity (%)18.4913.11-1.22-4.68-32.63
Return on Capital Employeed (%)4.754.344.454.754.17
Return On Assets (%)9.525.27-0.57-1.86-9.31
Long Term Debt / Equity (X)0.320.750.580.821.23
Total Debt / Equity (X)0.611.120.831.001.54
Asset Turnover Ratio (%)0.120.150.120.000.01
Current Ratio (X)0.741.521.351.291.22
Quick Ratio (X)0.410.820.460.350.28
Inventory Turnover Ratio (X)0.610.410.500.000.00
Dividend Payout Ratio (NP) (%)0.410.97-24.65-6.33-0.80
Dividend Payout Ratio (CP) (%)0.400.89-67.35-9.23-0.86
Earning Retention Ratio (%)99.5999.03124.65106.33100.80
Cash Earning Retention Ratio (%)99.6099.11167.35109.23100.86
Interest Coverage Ratio (X)0.990.840.891.010.83
Interest Coverage Ratio (Post Tax) (X)0.640.700.850.940.22
Enterprise Value (Cr.)2645.112303.002626.872043.521680.27
EV / Net Operating Revenue (X)3.162.413.642.452.18
EV / EBITDA (X)9.4110.9611.069.9912.62
MarketCap / Net Operating Revenue (X)1.170.330.720.280.10
Retention Ratios (%)99.5899.02124.65106.33100.80
Price / BV (X)0.250.130.170.110.07
Price / Net Operating Revenue (X)1.170.330.720.280.10
EarningsYield0.730.94-0.06-0.39-4.52

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Zuari Industries Ltd as of December 12, 2024 is: 850.04

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.

As of December 12, 2024, Zuari Industries Ltd is Undervalued by 132.89% compared to the current share price 365.00

Intrinsic Value of Zuari Industries Ltd as of December 12, 2024 is: 2,612.56

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 12, 2024, Zuari Industries Ltd is Undervalued by 615.77% compared to the current share price 365.00

Last 5 Year EPS CAGR: 207.35%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (2,097.46 cr) compared to borrowings (1,495.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (694.85 cr) and profit (89.23 cr) over the years.
  1. The stock has a low average ROCE of 2.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 234.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 465.08, which may not be favorable.

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 Industries Ltd:
    1. Net Profit Margin: 81.8%
      • 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: 4.75% (Industry Average ROCE: 13%)
      • 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%: 18.49% (Industry Average ROE: 13.21%)
      • 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): 0.64
      • 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: 0.41
      • 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: 21.1 (Industry average Stock P/E: 32.8)
      • 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: 0.61
      • 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 - Qualitative Analysis

Zuari Industries Ltd. is a Public Limited Listed company incorporated on 12/05/1967 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L65921GA1967PLC000157 and registration number is 000157. Currently Company is involved in the business activities of Real estate activities on a fee or contract basis. Company’s Total Operating Revenue is Rs. 610.42 Cr. and Equity Capital is Rs. 29.44 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarJai Kisaan Bhavan, Zuarinagar Goa 403726ig.zgl@adventz.com
https://www.zuariindustries.in
Management
NamePosition Held
Mr. Saroj Kumar PoddarChairman
Mr. Athar ShahabManaging Director
Mr. Sushil Kumar RoongtaExecutive Director
Mr. Alok SaxenaWhole Time Director
Mrs. Jyotsna PoddarNon Executive Director
Mrs. Manju GuptaIndependent Director
Mr. Vijay Vyankatesh ParanjapeIndependent Director
Mr. Suneet Shriniwas MaheshwariIndependent Director

FAQ

What is the latest intrinsic value of Zuari Industries Ltd?

The latest intrinsic value of Zuari Industries Ltd as on 11 December 2024 is ₹850.04, which is 132.89% higher than the current market price of ₹365.00. The stock has a market capitalization of 1,085 Cr. and recorded a high/low of ₹423/160 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,084 Cr and total liabilities of ₹8,944 Cr.

What is the Market Cap of Zuari Industries Ltd?

The Market Cap of Zuari Industries Ltd is 1,085 Cr..

What is the current Stock Price of Zuari Industries Ltd as on 11 December 2024?

The current stock price of Zuari Industries Ltd as on 11 December 2024 is 365.

What is the High / Low of Zuari Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Zuari Industries Ltd stocks is 423/160.

What is the Stock P/E of Zuari Industries Ltd?

The Stock P/E of Zuari Industries Ltd is 21.1.

What is the Book Value of Zuari Industries Ltd?

The Book Value of Zuari Industries Ltd is 1,717.

What is the Dividend Yield of Zuari Industries Ltd?

The Dividend Yield of Zuari Industries Ltd is 0.27 %.

What is the ROCE of Zuari Industries Ltd?

The ROCE of Zuari Industries Ltd is 3.71 %.

What is the ROE of Zuari Industries Ltd?

The ROE of Zuari Industries Ltd is 2.34 %.

What is the Face Value of Zuari Industries Ltd?

The Face Value of Zuari Industries 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 Industries 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