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Zuari Industries share price & results

Zuari Industries Limited· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Adventz group apex company running an integrated Sugar-Power-Ethanol business, plus real estate development, EPC engineering, financial/insurance broking and furniture businesses through subsidiaries

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue267 ₹ crore+26.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin5.2 %−5.4 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-9.5 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity2.76 %+4.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin11.29 %+12.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.70 %−8.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 4 judged targets kept · 3 open · verdicts reflect calls analysed to Q4 FY26.

Zuari Industries Limited management guidance track record on Inve: 7 targets tracked across analysed earnings calls (3 achieved, 1 missed, 3 open).

TargetOriginal wordingSaidLatest callVerdict
Bioethanol JV CommissioningOperational by Q2 FY26.
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q4 FY26:Plant was commissioned on January 1, 2026 (Q4 FY26).
Call transcript, Q4 FY26 · 26 May 2026		Achieved*
Bioethanol Capacity ExpansionExpand capacity to 1,000 KLPD in the coming years.
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q4 FY26:Management confirmed 'we have put those expansion plans on hold' due to market overcapacity.
Call transcript, Q4 FY26 · 26 May 2026		Diluted
Dubai Project Cash InflowRepatriation of capital and profits (INR 750-800 crores total) by end of FY26.
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q4 FY26:Project completion certificate received. Target is now INR 850-900 crores inflow over the next six months.
Call transcript, Q4 FY26 · 26 May 2026		Delayed

Source: Inve Guidance Tracker for Zuari Industries Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Zuari Industries Limited's 7 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 4 more targets are in the full ledger.

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Price

₹237.9 +2.37% · +₹5.5

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −30.9% 1Y

₹250₹300₹350Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 26 May 2026

1Y: ₹344.25 on 24 Oct 2025 → ₹237.9. High ₹345.55 (13 Nov 2025), low ₹213.3 (30 Mar 2026).

Previous close
₹232.4
Market cap
₹704 Cr
52-week range
₹213.3 – ₹345.55
One year
−29.50%
Price to earnings (TTM to Jun 2026)
5.96×
Return on equity (TTM to Jun 2026)
2.76%

Overview

Symbol
NSE:ZUARIIND
Exchange
NSE
Currency
INR

What Zuari Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Zuari Industries Limited, incorporated in 1967, is the apex company of the Adventz group. Its core Sugar, Power & Ethanol (SPE) division crushes sugarcane into raw and refined sugar, cogenerates power sold under long-term PPAs, and distills ethanol supplied under the government's ethanol blending programme. Beyond SPE, it earns through subsidiaries and joint ventures offering EPC/engineering services for fertiliser and chemical plants (Simon India), staffing/HR and business advisory (Zuari Management Services), broking and depository-participant services (Zuari Finserv) and insurance broking (Zuari Insurance Brokers), an asset-light real-estate development-management model (Zuari Infraworld) including a Dubai residential project, and furniture manufacturing/trading under group brands (Forte Furniture). It also holds strategic equity stakes in group-affiliated listed companies (Chambal Fertilisers, Zuari Agro Chemicals, Paradeep Phosphates, Texmaco Rail, Texmaco Infrastructure).

Segments

  • Sugar & allied products
  • Power
  • Ethanol Plant
  • Real Estate
  • Management Services
  • Financial Services
  • Engineering Services
  • Furniture
Sugarcane crushing capacity
10,000 TCD
Ethanol distillery capacity
125 KLPD
Cogeneration power capacity
22 MW (with long-term PPA)
Sugar (double sulphited/refined) capacity
5,000 QPD
Sugarcane crushed (FY26, highest ever)
160 LQ
Ethanol produced (FY26)
373 LL
Founded 1967Headquarters Gurugram, Haryana, India Company website

How the price took the results

close before → close after

Q4 FY26
+1.2%
26 May
Q3 FY26
−5.1%
16 Feb
Q2 FY26
−1.7%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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