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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500780 | NSE: ZUARIIND

Fundamental Analysis of Zuari Industries Ltd

Basic Stock Data

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

Market Cap 1,076 Cr.
Current Price 361
High / Low374/120
Stock P/E121
Book Value 861
Dividend Yield0.28 %
ROCE10.7 %
ROE11.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Zuari Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bajaj Hindusthan Sugar Ltd 4,169 Cr. 32.640.5/13.2 33.10.00 %0.91 %4.04 % 1.00
Kothari Sugars & Chemicals Ltd 472 Cr. 56.971.7/36.89.99 33.41.76 %17.6 %14.9 % 10.0
KM Sugar Mills Ltd 276 Cr. 30.039.4/24.213.1 31.80.00 %8.84 %8.76 % 2.00
Triveni Engineering & Industries Ltd 7,118 Cr. 325417/26116.8 1231.00 %17.5 %23.3 % 1.00
Ugar Sugar Works Ltd 845 Cr. 75.3136/64.012.2 15.20.66 %27.3 %60.6 % 1.00
Industry Average2,576.00 Cr103.9610.4247.300.68%14.43%22.32%3.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales168285173167126256234187252282191269116
Expenses162238193178147215234210258233243282133
Operating Profit647-20-11-2241-0-23-649-52-13-17
OPM %3%17%-11%-7%-17%16%-0%-12%-2%17%-27%-5%-15%
Other Income40385888298031859521428260898
Interest53548454537360616267697472
Depreciation7776737786777
Profit before tax-1424-5216-5345251-32-23118-46-34802
Tax %-29%23%29%-2%8%22%-1%-41%83%14%-7%2%9%
Net Profit-1818-3717-4835253-45-4101-49-33728
EPS in Rs-5.4210.02-8.907.75-16.3612.1484.97-14.92-1.2633.99-16.20-11.00244.52

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
Sales1,877398642520553603550774771834722955858
Expenses1,8724076405185685755569051,031843710927891
Operating Profit5-922-1529-6-131-260-91228-34
OPM %0%-2%0%0%-3%5%-1%-17%-34%-1%2%3%-4%
Other Income-2013560213321071001211272305621,182
Interest33711343966119113160202264248282
Depreciation1698881520212529232727
Profit before tax-245943-19-60-20-38-165-325-113-45314841
Tax %-9%96%77%-57%36%-1%-9%11%-22%13%22%3%
Net Profit-22011-1-26-38-20-41-148-396-98-35305747
EPS in Rs-74.115.39-0.41-8.93-14.96-8.80-10.56-43.68-124.81-29.20-12.19102.85251.31
Dividend Payout %-3%37%-245%-11%-7%-11%-9%-2%-1%-7%-8%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)105.00%-109.09%-2500.00%-46.15%47.37%-105.00%-260.98%-167.57%75.25%64.29%971.43%
Change in YoY Net Profit Growth (%)0.00%-214.09%-2390.91%2453.85%93.52%-152.37%-155.98%93.41%242.82%-10.97%907.14%

Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:7%
TTM:-8%
Compounded Profit Growth
10 Years:63%
5 Years:63%
3 Years:41%
TTM:-96%
Stock Price CAGR
10 Years:16%
5 Years:26%
3 Years:65%
1 Year:183%
Return on Equity
10 Years:-3%
5 Years:-3%
3 Years:2%
Last Year:11%

Last Updated: April 17, 2024, 11:40 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929292929292929293030
Reserves6636726796491,7601,8802,3782,1521,1371,8492,8852,3062,533
Preference Capital000000103117134158174195
Borrowings51712286237608661,0501,3541,8062,1312,3382,4962,349
Other Liabilities242336400556442459727890964898990975911
Total Liabilities9851,1081,3361,8582,9913,2354,1844,4263,9374,9076,2435,8075,823
Fixed Assets788479252370539550544698665654645634
CWIP1928111691421287132713
Investments5035664703751,4331,6002,2112,0231,1321,8773,1802,5863,444
Other Assets3864307761,0631,0461,0841,4151,7882,1042,3642,4012,5751,742
Total Assets9851,1081,3361,8582,9913,2354,1844,4263,9374,9076,2435,8075,823

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -258-3-158-288-12109-125-4512610962269
Cash from Investing Activity -17281341-45-5-97-114-360-20469-159
Cash from Financing Activity -133813623866-9821416023290-87-89
Net Cash Flow-56213-10-895-92-2-54422

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow5.00-9.002.002.00-15.0029.00-109.00-248.00-394.00-167.00-162.00-167.00

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

Zuari Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days148175696256864951403731
Inventory Days432914551,4328968311,8091,8401,2158641,031629
Days Payable23168350580295383825626465260283142
Cash Conversion Cycle342041809226635051,0711,263800644785518
Working Capital Days5-37117269205218351307255347448396
ROCE %5%-0%3%3%-1%2%3%-2%-5%3%4%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.61%56.90%56.90%56.95%56.95%56.81%56.81%56.81%56.81%56.81%56.81%56.81%
FIIs1.21%1.24%1.27%1.35%1.39%1.20%1.41%1.31%1.30%1.30%1.36%1.49%
DIIs7.82%3.75%1.29%0.24%0.20%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Government0.03%0.00%0.00%0.00%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Public35.32%38.11%40.55%41.46%41.42%41.94%41.73%41.84%41.85%41.86%41.78%41.67%
No. of Shareholders25,62725,38624,36923,84928,67329,02928,33628,14327,94027,69827,48726,417

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)102.84-11.95-31.58-124.64-43.62
Diluted EPS (Rs.)102.84-11.95-31.58-124.64-43.62
Cash EPS (Rs.)-15.76-5.75-1.25-34.48-4.87
Book Value[Excl.RevalReserv]/Share (Rs.)779.97985.71661.44371.16725.69
Book Value[Incl.RevalReserv]/Share (Rs.)779.97985.71661.44371.16725.69
Revenue From Operations / Share (Rs.)320.71245.18283.21261.89262.96
PBDIT / Share (Rs.)70.5580.7069.4945.2427.66
PBIT / Share (Rs.)61.3472.9859.5636.5920.55
PBT / Share (Rs.)-22.07-16.78-16.31-19.02-17.89
Net Profit / Share (Rs.)-24.97-13.46-11.19-43.13-11.97
NP After MI And SOA / Share (Rs.)102.84-12.17-31.58-124.64-43.62
PBDIT Margin (%)21.9932.9124.5317.2710.51
PBIT Margin (%)19.1229.7621.0213.977.81
PBT Margin (%)-6.88-6.84-5.75-7.26-6.80
Net Profit Margin (%)-7.78-5.49-3.94-16.46-4.55
NP After MI And SOA Margin (%)32.06-4.96-11.15-47.59-16.58
Return on Networth / Equity (%)13.11-1.22-4.68-32.63-6.00
Return on Capital Employeed (%)4.344.454.754.171.84
Return On Assets (%)5.27-0.57-1.86-9.31-2.90
Long Term Debt / Equity (X)0.750.580.821.230.48
Total Debt / Equity (X)1.120.831.001.540.62
Asset Turnover Ratio (%)0.150.120.000.010.00
Current Ratio (X)1.521.351.291.221.34
Quick Ratio (X)0.820.460.350.280.33
Inventory Turnover Ratio (X)0.410.500.000.000.00
Dividend Payout Ratio (NP) (%)0.97-24.65-6.33-0.80-2.29
Dividend Payout Ratio (CP) (%)0.89-67.35-9.23-0.86-2.73
Earning Retention Ratio (%)99.03124.65106.33100.80102.29
Cash Earning Retention Ratio (%)99.11167.35109.23100.86102.73
Interest Coverage Ratio (X)0.840.891.010.830.71
Interest Coverage Ratio (Post Tax) (X)0.700.850.940.220.68
Enterprise Value (Cr.)2303.002626.872043.521680.271612.68
EV / Net Operating Revenue (X)2.413.642.452.182.08
EV / EBITDA (X)10.9611.069.9912.6219.80
MarketCap / Net Operating Revenue (X)0.330.720.280.100.41
Retention Ratios (%)99.02124.65106.33100.80102.29
Price / BV (X)0.130.170.110.070.15
Price / Net Operating Revenue (X)0.330.720.280.100.41
EarningsYield0.94-0.06-0.39-4.52-0.39

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 11909.89

The stock is undervalued by 3,199.14% compared to the current price ₹361

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 company has higher reserves (1,657.15 cr) compared to borrowings (67.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (629.31 cr) and profit (13.62 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 240.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 438.08, 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: -7.78%
      • 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: 4.34% (Industry Average ROCE: 14.43%)
      • 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%: 13.11% (Industry Average ROE: 22.32%)
      • 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): 0.70
      • 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: 0.82
      • 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: 121 (Industry average Stock P/E: 10.42)
      • 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: 1.12
      • 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 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
Mrs. Jyotsna PoddarNon Executive Director
Mr. Alok SaxenaWhole Time Director
Mr. Sushil Kumar RoongtaIndependent Director
Mrs. Manju GuptaIndependent Director
Mr. Vijay Vyankatesh ParanjapeIndependent Director
Mr. Suneet Shriniwas MaheshwariIndependent Director

Zuari Industries Ltd. Share Price Update

Share PriceValue
Today₹359.65
Previous Day₹351.45

FAQ

What is the latest fair value of Zuari Industries Ltd?

The latest fair value of Zuari Industries Ltd is 11909.89.

What is the Market Cap of Zuari Industries Ltd?

The Market Cap of Zuari Industries Ltd is 1,076 Cr..

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

The current stock price of Zuari Industries Ltd as on 20 April 2024 is 361.

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

In FY 2024, the High / Low of Zuari Industries Ltd stocks is ₹374/120.

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

The Stock P/E of Zuari Industries Ltd is 121.

What is the Book Value of Zuari Industries Ltd?

The Book Value of Zuari Industries Ltd is 861.

What is the Dividend Yield of Zuari Industries Ltd?

The Dividend Yield of Zuari Industries Ltd is 0.28 %.

What is the ROCE of Zuari Industries Ltd?

The ROCE of Zuari Industries Ltd is 10.7 %.

What is the ROE of Zuari Industries Ltd?

The ROE of Zuari Industries Ltd is 11.4 %.

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