- Total income
- ₹4,774 Cr
- Profit
- ₹165 Cr

About Zuari Agro Chemicals Limited
Data last updated:
Zuari Agro Chemicals Limited is a public limited company based in Zuarinagar, Goa, India. It operates in the fertilizers and soil enhancers segment of the agriculture sector. It was incorporated on 10 September 2009 and has been in existence for over 17 years.
Zuari Agro Chemicals is ranked #486 on the Fortune India 500 (2025). Its director Saroj Kumar Poddar and family are #359 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Goa, under CIN L65910GA2009PLC006177. Its GSTIN is 30AAACZ3924H1ZL (Goa). The company holds 15 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 534742 and NSE: ZUARI.
The company has an authorised share capital of ₹157 Cr and a paid-up capital of ₹42.06 Cr. It was formerly known as Zuari Holdings Limited. It is led by directors including Nitin Manguesh Kantak (Whole-Time Director) and Amandeep.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jai Kisaan Bhawan, Zuarinagar, Goa, India – 403726.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,199.72 Cr, a decline of 27.9% compared to the previous year. For the same year it recorded a net loss of ₹36.34 Cr (net margin -1.1%) and EBITDA of ₹303.66 Cr (EBITDA margin 9.5%). The net worth stands at ₹2,088.98 Cr (up 12.6% YoY). Total assets are valued at ₹2,740.47 Cr (down 15.4% YoY).
Its group structure includes 2 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹580 Cr and satisfied charges of ₹11,321 Cr on record. Court records list 279 cases involving the company, including 140 filed by the company and 141 filed against it; 93 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zuari.in.
Company details
CIN history
Zuari Agro Chemicals has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65910GA2009PLC006177, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910GA2009PLC006177 | Current |
| U65910GA2009PLC006177 | Previous |
| L20121GA2009PLC006177 | Previous |
Recognitions & Rankings of Zuari Agro Chemicals
- #359 Saroj Kumar Poddar & family ₹10,400 Cr
Contact details
Zuari Agro Chemicals Limited's registered office is in Zuarinagar, Goa. Its website is zuari.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressJai Kisaan Bhawan, Zuarinagar, Goa, India – 403726
- IndustryAgriculture, Fertilizers & Soil Enhancers
To see the full contact details of Zuari Agro Chemicals Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Zuari Agro Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Zuari Agro Chemicals Limited, buy the company report.
Financials of Zuari Agro Chemicals Limited
FY 2025-26 filings availableZuari Agro Chemicals Limited reported revenue of ₹3,199.72 Cr (down 27.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,200 | 4,436 | 4,595 | 4,553 | 3,590 | 2,404 | 3,042 |
| Revenue growth | -27.9% | -3.5% | +0.9% | +26.8% | +49.3% | -21.0% | - |
| EBITDA | 304 | 368 | 356 | (382) | 233 | 31.44 | (341) |
| EBITDA margin | +9.5% | +8.3% | +7.8% | -8.4% | +6.5% | +1.3% | -11.2% |
| Profit before tax | 1,199 | 303 | 251 | 668 | 218 | (87.78) | (562) |
| Net profit | (36.34) | 156 | 25.24 | 78.10 | 135 | (159) | (804) |
| Net profit margin | -1.1% | +3.5% | +0.6% | +1.7% | +3.8% | -6.6% | -26.4% |
| EPS (₹) | 218.70 | 39.18 | 23.74 | 113.33 | 31.01 | (37.35) | (190.74) |
| Balance sheet | |||||||
| Total assets | 2,740 | 3,240 | 4,095 | 4,241 | 3,505 | 2,509 | 4,143 |
| Net worth | 2,089 | 1,856 | 1,694 | 1,581 | 367 | 196 | 341 |
| Total debt | 642 | 717 | 1,783 | 2,108 | 2,643 | 1,851 | 3,368 |
| Cash & bank | 62.21 | 212 | 389 | 427 | 705 | 609 | 324 |
| Net working capital | 30.61 | (1,281) | 856 | 1,038 | 570 | (136) | 1,045 |
| Cash flow | |||||||
| Cash from operations | 203 | 511 | 473 | 94.83 | 571 | 1,521 | 2,635 |
| Cash from investing | (69.23) | (122) | 2.80 | 426 | (137) | (171) | (15.99) |
| Cash from financing | (335) | (494) | (527) | (697) | (296) | (1,188) | (2,404) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 615 | 187 | 344 | 1,423 | 1,246 | 952 | 1,264 | 1,123 |
| Revenue growth (YoY) | -50.6% | -80.3% | -72.8% | +26.7% | +13.6% | - | - | - |
| Other income | 96.88 | 14.09 | 45.53 | 923 | 72.41 | 61.32 | 50.56 | 81.18 |
| EBITDA | 59.14 | (17.22) | 6.37 | 174 | 141 | 32.47 | 117 | 101 |
| EBITDA margin | +9.6% | -9.2% | +1.9% | +12.2% | +11.3% | +3.4% | +9.2% | +9.0% |
| Depreciation | 4.91 | 4.78 | 4.22 | 25.18 | 24.51 | 25.20 | 26.17 | 24.92 |
| Interest | 17.75 | 17.11 | 17.95 | 31.99 | 34.35 | 36.14 | 39.91 | 43.97 |
| Profit before tax | 133 | (25.02) | 29.73 | 1,040 | 154 | 32.45 | 101 | 113 |
| Tax | 14.67 | 0.08 | (9.97) | 200 | 26.91 | 5.25 | 20.05 | 20.04 |
| Net profit | 119 | (25.10) | 39.70 | 840 | 127 | 27.20 | 80.95 | 93.42 |
| EPS (₹) | 28.17 | (5.94) | 9.43 | 191.68 | 23.54 | 4.72 | 12.97 | 19.30 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 83.00 | 165 | 83.01 | 0.11 | 50.25 |
| Revenue growth | - | -100.0% | -49.7% | +98.8% | - | -99.8% | - |
| EBITDA | (14.85) | (13.08) | (23.59) | (739) | (12.14) | (165) | (584) |
| EBITDA margin | - | - | -28.4% | -447.6% | -14.6% | - | -1161.6% |
| Profit before tax | 1,114 | (71.78) | 21.40 | 371 | (82.29) | (237) | 9.51 |
| Net profit | (373) | (88.51) | (93.51) | (128) | (78.92) | (244) | (695) |
| Net profit margin | - | - | -112.7% | -77.4% | -95.1% | - | -1384.0% |
| EPS (₹) | 227.02 | (17.38) | 5.09 | 69.87 | (19.84) | (56.38) | (45.00) |
| Balance sheet | |||||||
| Total assets | 1,157 | 703 | 836 | 827 | 2,934 | 801 | 1,923 |
| Net worth | 633 | 136 | 203 | 170 | (151) | (109) | 117 |
| Total debt | 523 | 567 | 632 | 656 | 1,229 | 909 | 1,804 |
| Cash & bank | 9.85 | 156 | 27.11 | 11.33 | 69.71 | 188 | 92.77 |
| Net working capital | (88.70) | (258) | (144) | (145) | (117) | (550) | 9.03 |
| Cash flow | |||||||
| Cash from operations | (368) | 242 | 3.37 | 8.95 | 539 | 525 | 2,065 |
| Cash from investing | 321 | 35.00 | 129 | 683 | 95.19 | (83.27) | 56.16 |
| Cash from financing | (99.66) | (148) | (116) | (689) | (685) | (437) | (2,076) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.91 | 0.00 |
| Revenue growth (YoY) | - | - | -100.0% | - | -100.0% | - | - | - |
| Other income | 0.11 | 7.22 | 0.25 | 1,179 | 0.24 | 4.83 | 0.26 | 22.00 |
| Total expenses | 2.35 | 5.88 | 2.50 | 2.98 | 3.57 | 5.25 | 8.73 | 5.23 |
| EBITDA | (2.35) | (5.88) | (2.50) | (2.98) | (3.57) | (5.25) | (3.82) | (5.23) |
| EBITDA margin | - | - | - | - | - | - | -77.8% | - |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.01 | 0.78 | 0.01 |
| Interest | 14.16 | 13.76 | 14.16 | 14.45 | 15.19 | 21.11 | 22.33 | 21.52 |
| Profit before tax | (16.44) | (12.46) | (16.45) | 1,162 | (18.54) | (21.54) | (26.67) | (4.76) |
| Tax | 0.00 | 2.14 | (8.71) | 166 | 0.00 | 1.31 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 615 | 187 | 344 | 1,423 | 1,246 | 952 | 1,264 | 1,123 |
| Revenue growth (YoY) | -50.6% | -80.3% | -72.8% | +26.7% | +13.6% | - | - | - |
| Other income | 96.88 | 14.09 | 45.53 | 923 | 72.41 | 61.32 | 50.56 | 81.18 |
| EBITDA | 59.14 | (17.22) | 6.37 | 174 | 141 | 32.47 | 117 | 101 |
| EBITDA margin | +9.6% | -9.2% | +1.9% | +12.2% | +11.3% | +3.4% | +9.2% | +9.0% |
| Depreciation | 4.91 | 4.78 | 4.22 | 25.18 | 24.51 | 25.20 | 26.17 | 24.92 |
| Interest | 17.75 | 17.11 | 17.95 | 31.99 | 34.35 | 36.14 | 39.91 | 43.97 |
| Profit before tax | 133 | (25.02) | 29.73 | 1,040 | 154 | 32.45 | 101 | 113 |
| Tax | 14.67 | 0.08 | (9.97) | 200 | 26.91 | 5.25 | 20.05 | 20.04 |
| Net profit | 119 | (25.10) | 39.70 | 840 | 127 | 27.20 | 80.95 | 93.42 |
| EPS (₹) | 28.17 | (5.94) | 9.43 | 191.68 | 23.54 | 4.72 | 12.97 | 19.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,200 | 4,436 | 4,595 | 4,553 | 3,590 | 2,404 | 3,042 |
| Revenue growth | -27.9% | -3.5% | +0.9% | +26.8% | +49.3% | -21.0% | - |
| Other income | 1,055 | 205 | 200 | 1,335 | 225 | 149 | 125 |
| Total expenses | 2,896 | 4,068 | 4,239 | 4,934 | 3,357 | 2,372 | 3,383 |
| Employee cost | 112 | 138 | 131 | 120 | 105 | 98.09 | 99.33 |
| EBITDA | 304 | 368 | 356 | (382) | 233 | 31.44 | (341) |
| EBITDA margin | +9.5% | +8.3% | +7.8% | -8.4% | +6.5% | +1.3% | -11.2% |
| Depreciation | 58.69 | 102 | 94.81 | 78.51 | 67.49 | 67.96 | 67.79 |
| Interest | 101 | 168 | 211 | 207 | 173 | 200 | 278 |
| Profit before tax | 1,199 | 303 | 251 | 668 | 218 | (87.78) | (562) |
| Tax | 217 | 72.17 | 79.62 | 129 | 47.26 | 38.46 | 210 |
| Net profit | (36.34) | 156 | 25.24 | 78.10 | 135 | (159) | (804) |
| Net profit margin | -1.1% | +3.5% | +0.6% | +1.7% | +3.8% | -6.6% | -26.4% |
| EPS (₹) | 218.70 | 39.18 | 23.74 | 113.33 | 31.01 | (37.35) | (190.74) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 |
| Reserves & surplus | 2,047 | 1,814 | 1,652 | 1,539 | 325 | 154 | 299 |
| Shareholders' funds (net worth) | 2,089 | 1,856 | 1,694 | 1,581 | 367 | 196 | 341 |
| Minority interest | 0.69 | 662 | 596 | 533 | 477 | 443 | 414 |
| Secured loans | 161 | 260 | 1,231 | 1,521 | 1,999 | 1,200 | 3,390 |
| Unsecured loans | 481 | 457 | 552 | 587 | 644 | 651 | (22.22) |
| Total debt | 642 | 717 | 1,783 | 2,108 | 2,643 | 1,851 | 3,368 |
| Total liabilities | 2,740 | 3,240 | 4,095 | 4,241 | 3,505 | 2,509 | 4,143 |
| Assets | |||||||
| Gross block | 247 | 1,002 | 2,444 | 2,358 | 1,775 | 1,724 | 2,269 |
| Net block | 159 | 865 | 1,957 | 1,940 | 1,424 | 1,431 | 1,862 |
| Capital work in progress | 0.00 | 7.19 | 23.47 | 19.17 | 320 | 78.26 | 168 |
| Investments | 2,581 | 1,425 | 1,270 | 1,242 | 1,126 | 952 | 855 |
| Inventories | 268 | 172 | 316 | 399 | 504 | 222 | 549 |
| Sundry debtors | 90.24 | 86.15 | 598 | 780 | 634 | 454 | 2,219 |
| Cash & bank balances | 62.21 | 212 | 389 | 427 | 705 | 609 | 324 |
| Loans & advances | 45.81 | 34.12 | 174 | 182 | 1,434 | 1,415 | 364 |
| Total current assets | 466 | 505 | 1,477 | 1,788 | 3,276 | 2,699 | 3,455 |
| Total current liabilities | 435 | 1,786 | 621 | 750 | 2,706 | 2,835 | 2,411 |
| Net working capital | 30.61 | (1,281) | 856 | 1,038 | 570 | (136) | 1,045 |
| Total assets | 2,740 | 3,240 | 4,095 | 4,241 | 3,505 | 2,509 | 4,143 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 234 | 338 | 389 | 566 | 427 | 265 | 49.89 |
| Net cash from operating activities | 203 | 511 | 473 | 94.83 | 571 | 1,521 | 2,635 |
| Net cash from investing activities | (69.23) | (122) | 2.80 | 426 | (137) | (171) | (15.99) |
| Net cash from financing activities | (335) | (494) | (527) | (697) | (296) | (1,188) | (2,404) |
| Net change in cash | (201) | (104) | (51.38) | (176) | 138 | 162 | 215 |
| Closing cash | 62.21 | 212 | 389 | 427 | 705 | 609 | 324 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -27.9% | -3.5% | +0.9% | +26.8% | +49.3% | -21.0% | - |
| EBITDA growth | -17.6% | +3.4% | +193.3% | -263.7% | +641.7% | +109.2% | - |
| PBT growth | +295.5% | +21.0% | -62.5% | +206.3% | +9998.0% | +84.4% | -111.4% |
| Net income growth | -123.3% | +517.7% | -67.7% | -42.1% | +184.5% | +80.2% | - |
| Revenue CAGR (3Y) | -11.1% | +7.3% | +24.1% | +14.4% | -23.8% | -30.8% | -21.9% |
| EBITDA CAGR (3Y) | - | +16.5% | +124.6% | +3.8% | +3.8% | -60.5% | - |
| Profitability & leverage | |||||||
| Net income margin | +30.7% | +5.2% | +3.7% | +11.8% | +4.8% | -5.3% | -25.4% |
| Return on capital employed | +17.6% | +14.0% | +8.7% | +9.6% | +12.9% | 0.0% | 0.0% |
| Return on net worth | +1.3% | +11.0% | +4.6% | +8.2% | +22.1% | 0.0% | 0.0% |
| Debt / equity | 0.34 | 0.70 | 1.19 | 2.44 | 7.98 | 9.71 | 5.76 |
| Long-term debt / equity | 0.08 | 0.18 | 0.34 | 0.57 | 1.86 | 2.50 | 1.13 |
| Interest cover | 41.40 | 63.08 | 80.82 | -44.89 | 104.19 | -548.88 | -67.99 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.12 | 2.57 | 1.91 | 2.20 | 2.05 | 1.20 | 1.38 |
| Inventory turnover | 14.55 | 18.17 | 12.86 | 10.09 | 9.90 | 6.24 | 2.63 |
| Debtors turnover | 36.28 | 12.97 | 6.67 | 6.44 | 6.60 | 1.80 | 0.99 |
| EPS (₹) | 218.70 | 39.18 | 23.74 | 113.33 | 31.01 | (37.35) | (190.74) |
| Dividend per share (₹) | 0.00 | 0.00 | 1.94 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 496.69 | 441.26 | 402.76 | 375.95 | 87.26 | 46.65 | 81.12 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.91 | 0.00 |
| Revenue growth (YoY) | - | - | -100.0% | - | -100.0% | - | - | - |
| Other income | 0.11 | 7.22 | 0.25 | 1,179 | 0.24 | 4.83 | 0.26 | 22.00 |
| Total expenses | 2.35 | 5.88 | 2.50 | 2.98 | 3.57 | 5.25 | 8.73 | 5.23 |
| EBITDA | (2.35) | (5.88) | (2.50) | (2.98) | (3.57) | (5.25) | (3.82) | (5.23) |
| EBITDA margin | - | - | - | - | - | - | -77.8% | - |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.01 | 0.78 | 0.01 |
| Interest | 14.16 | 13.76 | 14.16 | 14.45 | 15.19 | 21.11 | 22.33 | 21.52 |
| Profit before tax | (16.44) | (12.46) | (16.45) | 1,162 | (18.54) | (21.54) | (26.67) | (4.76) |
| Tax | 0.00 | 2.14 | (8.71) | 166 | 0.00 | 1.31 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 83.00 | 165 | 83.01 | 0.11 | 50.25 |
| Revenue growth | - | -100.0% | -49.7% | +98.8% | - | -99.8% | - |
| Other income | 1,187 | 27.25 | 150 | 1,215 | 49.61 | 49.54 | 758 |
| Total expenses | 14.85 | 13.08 | 107 | 904 | 95.15 | 165 | 634 |
| Employee cost | 2.36 | 3.75 | 3.09 | 5.54 | 2.99 | 4.38 | 7.10 |
| EBITDA | (14.85) | (13.08) | (23.59) | (739) | (12.14) | (165) | (584) |
| EBITDA margin | - | - | -28.4% | -447.6% | -14.6% | - | -1161.6% |
| Depreciation | 0.15 | 0.05 | 3.24 | 3.52 | 3.53 | 3.67 | 7.56 |
| Interest | 57.56 | 85.90 | 101 | 101 | 116 | 118 | 157 |
| Profit before tax | 1,114 | (71.78) | 21.40 | 371 | (82.29) | (237) | 9.51 |
| Tax | 159 | 1.31 | 0.00 | 77.59 | 1.16 | 0.00 | 199 |
| Net profit | (373) | (88.51) | (93.51) | (128) | (78.92) | (244) | (695) |
| Net profit margin | - | - | -112.7% | -77.4% | -95.1% | - | -1384.0% |
| EPS (₹) | 227.02 | (17.38) | 5.09 | 69.87 | (19.84) | (56.38) | (45.00) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 | 42.06 |
| Reserves & surplus | 591 | 93.57 | 161 | 128 | (193) | (151) | 74.97 |
| Shareholders' funds (net worth) | 633 | 136 | 203 | 170 | (151) | (109) | 117 |
| Secured loans | 125 | 193 | 199 | 163 | 687 | 356 | 1,874 |
| Unsecured loans | 398 | 374 | 434 | 494 | 542 | 554 | (70.14) |
| Total debt | 523 | 567 | 632 | 656 | 1,229 | 909 | 1,804 |
| Total liabilities | 1,157 | 703 | 836 | 827 | 2,934 | 801 | 1,923 |
| Assets | |||||||
| Gross block | 13.68 | 89.49 | 94.19 | 94.84 | 103 | 106 | 689 |
| Net block | 12.84 | 58.26 | 62.49 | 64.78 | 74.90 | 80.09 | 493 |
| Capital work in progress | 0.00 | 4.50 | 2.39 | 0.59 | 0.00 | 0.00 | 121 |
| Investments | 1,274 | 633 | 872 | 867 | 1,549 | 1,184 | 1,175 |
| Inventories | 0.00 | 2.06 | 30.75 | 34.76 | 21.99 | 2.57 | 253 |
| Sundry debtors | 0.00 | 6.95 | 25.69 | 42.94 | 10.75 | 0.01 | 821 |
| Cash & bank balances | 9.85 | 156 | 27.11 | 11.33 | 69.71 | 188 | 92.77 |
| Loans & advances | 2.67 | 8.36 | 11.37 | 25.89 | 26.75 | 1,687 | 575 |
| Total current assets | 12.52 | 173 | 94.92 | 115 | 129 | 1,877 | 1,743 |
| Total current liabilities | 101 | 430 | 239 | 260 | 246 | 2,428 | 1,734 |
| Net working capital | (88.70) | (258) | (144) | (145) | (117) | (550) | 9.03 |
| Total assets | 1,157 | 703 | 836 | 827 | 2,934 | 801 | 1,923 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 154 | 25.07 | 9.22 | 5.62 | 56.26 | 51.92 | 7.09 |
| Net cash from operating activities | (368) | 242 | 3.37 | 8.95 | 539 | 525 | 2,065 |
| Net cash from investing activities | 321 | 35.00 | 129 | 683 | 95.19 | (83.27) | 56.16 |
| Net cash from financing activities | (99.66) | (148) | (116) | (689) | (685) | (437) | (2,076) |
| Net change in cash | (147) | 129 | 15.85 | 3.60 | (50.64) | 4.34 | 44.83 |
| Closing cash | 9.85 | 156 | 27.11 | 11.33 | 69.71 | 188 | 92.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | -100.0% | -49.7% | +98.8% | - | -99.8% | - |
| EBITDA growth | -13.5% | +44.6% | +96.8% | -5983.6% | +92.6% | +71.8% | - |
| PBT growth | +9998.0% | - | -94.2% | +9998.0% | +65.3% | - | +9998.0% |
| Net income growth | -322.0% | +5.4% | +26.8% | -61.9% | +67.7% | +64.9% | - |
| Revenue CAGR (3Y) | -100.0% | -100.0% | +810.4% | +48.6% | -74.0% | -97.1% | -76.9% |
| EBITDA CAGR (3Y) | -72.8% | +2.5% | -47.7% | +8.2% | -9.1% | - | - |
| Profitability & leverage | |||||||
| Net income margin | - | - | +25.8% | +178.1% | -100.5% | - | -376.7% |
| Return on capital employed | +0.6% | 0.0% | +0.5% | -0.5% | 0.0% | 0.0% | 0.0% |
| Return on net worth | -97.2% | 0.0% | -11.6% | -39.5% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 1.42 | 3.54 | 3.45 | 99.74 | 0.00 | 322.96 | 12.30 |
| Long-term debt / equity | 0.21 | 0.53 | 0.71 | 20.16 | 0.00 | 94.53 | 3.05 |
| Interest cover | -383.73 | -654.23 | -377.56 | -13.68 | -741.74 | -70.32 | -26.54 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.52 | 0.88 | 1.67 | 0.79 | 0.00 | 0.07 |
| Inventory turnover | 0.00 | 2.91 | 2.53 | 5.81 | 6.76 | 0.00 | 0.07 |
| Debtors turnover | 0.00 | 2.93 | 2.42 | 6.15 | 15.43 | 0.00 | 0.03 |
| EPS (₹) | 227.02 | (17.38) | 5.09 | 69.87 | (19.84) | (56.38) | (45.00) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 150.41 | 32.25 | 48.25 | 40.44 | (35.94) | (25.83) | 27.83 |
To see the full year-wise statements and ratios of Zuari Agro Chemicals Limited, buy the company report.
Board of directors of Zuari Agro Chemicals Limited
Zuari Agro Chemicals has 8 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amandeep | Director | 29 May 2022 | 4 Years 5 Months | Current |
| Saroj Kumar Poddar Also directs: Adventz Developers LLP, Chambal Fertilisers and Chemicals Limited, Paradeep Phosphates Ltd and 5 more | Director | 20 May 2011 | 15 Years 5 Months | Current |
| Akshay Poddar Also directs: Texmaco Rail & Engineering Limited, Zuari Industries Limited, Nobilia India Private Limited and 5 more | Director | 14 Nov 2011 | 14 Years 11 Months | Current |
| Dipankar Chatterji | Director | 14 Feb 2020 | 6 Years 8 Months | Current |
| Nitin Manguesh Kantak Also directs: Mangalore Chemicals and Fertilisers Limited, The Fertiliser Association of India., Simon India Limited and 2 more | Whole-Time Director | 03 Sep 2020 | 6 Years 2 Months | Current |
| Reena Suraiya Also directs: Verve Trading Private Limited. | Director | 24 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Zuari Agro Chemicals Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Himadri Speciality Chemical Limited | ₹4,664.32 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| RSPL Limited | ₹4,642.2 Cr (FY 2025) | -21.0% | Kanpur, Uttar Pradesh, India | |||
| Strides Pharma Science Limited | ₹4,624.06 Cr (FY 2025) | 18.0% | Thane, Maharashtra, India | |||
| Birla Carbon India Private Limited | ₹4,524.29 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Granules India Limited | ₹4,494.53 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Matrix Pharmacorp Private Limited | ₹4,422.21 Cr (FY 2025) | 16378466.0% | Sangareddy, Telangana, India | |||
| Apl Healthcare Limited | ₹4,412.92 Cr (FY 2025) | 39.0% | Hyderabad, Telangana, India | |||
| Chemplast Sanmar Limited | ₹4,393.12 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Finolex Industries Limited | ₹4,388.6 Cr (FY 2025) | -2.0% | Pune, Maharashtra, India | |||
| Fertilisers and Chemicals Travancore Ltd | ₹4,267.36 Cr (FY 2025) | -19.0% | Ernakulam, Kerala, India | |||
| Zuari Agro Chemicals Limitedthis company | ₹3,199.72 Cr (FY 2026) | -₹36.34 Cr | -1.1% | -27.9% | Zuarinagar, Goa, India |
To see the full peer comparison of Zuari Agro Chemicals Limited, buy the company report.
Auditor
Zuari Agro Chemicals Limited is audited by K.P. Rao & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.P. Rao & Co | FY 2023 | 003135S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 65.20%, foreign institutional investors hold 2.30%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 32.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 65.20% | 65.20% | 65.20% | 65.20% |
| Public | 34.80% | 34.80% | 34.80% | 34.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2025 | 101170984 | Others | ₹150 Cr | Open | |
| 20 Dec 2024 | 101029612 | Others | ₹50 Cr | Open | |
| 25 Sep 2024 | 100985650 | Others | ₹50 Cr | Open | |
| 08 Dec 2023 | 100837809 | Others | ₹15 Cr | Open | |
| 07 Dec 2023 | 100837231 | Others | ₹15 Cr | Open |
To see the full charge records of Zuari Agro Chemicals Limited, buy the company report.
Total charge records: 62 View all charges
Legal cases
Zuari Agro Chemicals Limited has 279 court cases on record: 140 filed by Zuari Agro Chemicals, 141 filed against it. 93 cases are pending and 186 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 230 | 125 | 73 |
| High courts | 40 | 11 | 18 |
| Supreme Court | 6 | 2 | 2 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 279)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2407-Indirect Taxation : Entry tax, motor vehicle tax, purchase tax, entertainment tax, terminal tax, octroi, toll tax, professional tax, Gold Control Act, Hotel Receipts Tax Act, Water and sewage Tax, luxury tax, Cess Acts) | Filed by the company against State of Goa and 2 others | Pending |
| High Court, GOA | Writ petition | Filed against the company by Zuari Agro Chemicals Ltd.,/Zuari Global Ltd., Rep., by Its Rep., Waman K. Nayak | Pending |
| High Court, GOA | Court case (MCA) | Filed against the company by Abhay Trading Pvt. Ltd., THR. Rep. Rachana Maheshwari | Pending |
| High Court, GOA | Writ petition | Filed by the company against Zuari Agro Chemicals Limited Workers Union and Anr and 1 other | Pending |
| District court, South Goa, Goa | Appeal | Filed against the company by M/S. Abhay Trading Pvt. Ltd. Rep. by Rachana Maheswari | Disposed |
To see the full case history of Zuari Agro Chemicals Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Zuari Agro Chemicals Limited was last rated by Icra on 19 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Jul 2020 |
To see the full credit ratings and regulatory alerts of Zuari Agro Chemicals Limited, buy the company report.
MSME payment delays
Zuari Agro Chemicals Limited has 46 MSME Form 1 returns on record between 2018 and 2024, listing 1,284 overdue payments to 103 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 103)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Projection Media | |||
| Chemie Alliance (India) Private Limited |
To see the full MSME payment records of Zuari Agro Chemicals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Zuari Agro Chemicals has 2 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mangalore Chemcals and Fertilisers Limited | L24123KA1966PLC002036 | |
| Zuari Farmhub Limited | U52202GA2019PLC014150 |
To see the full group structure of Zuari Agro Chemicals Limited, buy the company report.
GST
Zuari Agro Chemicals has 15 GST registrations: 4 active and 11 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACZ3924H1ZL | Goa | Active | 01 Jul 2017 |
| 21AAACZ3924H1ZK | Odisha | Active | 01 Jul 2017 |
| 27AAACZ3924H1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 29AAACZ3924H1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zuari Agro Chemicals Limited, buy the company report.
Recent activity
Zuari Agro Chemicals Limited has 44 board changes on record since 2009: 26 appointments and 18 cessations. The latest: Manoj Arvind Dere ceased to be Company Secretary on 30 Sep 2024.
174 earlier events are in the company report.
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Frequently asked questions
Zuari Agro Chemicals is an active public limited company based in Zuarinagar, Goa, India. The company works in fertilizers and soil enhancers, within the agriculture industry. It was incorporated on 10 September 2009 (17+ years old) and is registered under CIN L65910GA2009PLC006177. Listed on BSE: 534742 and NSE: ZUARI.
Zuari Agro Chemicals reported revenue of ₹3,199.72 Cr for FY 2025-26 (down 27.9% YoY) based on consolidated financials.
Zuari Agro Chemicals has 8 current directors:
- Nitin Manguesh Kantak - Whole-Time Director
- Amandeep - Director
- Saroj Kumar Poddar - Director
- Akshay Poddar - Director
- Dipankar Chatterji - Director
- Reena Suraiya - Director
- Sanjeev Lall - Director
- Athar Shahab - Director
The latest financial statements of Zuari Agro Chemicals on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Zuari Agro Chemicals is 30AAACZ3924H1ZL, registered in Goa. The company has 15 GST registrations in all, of which 4 are active and 11 are cancelled or inactive. Other active GSTINs include 21AAACZ3924H1ZK (Odisha), 27AAACZ3924H1Z8 (Maharashtra), 29AAACZ3924H1Z4 (Karnataka).
The CIN (Corporate Identification Number) of Zuari Agro Chemicals is L65910GA2009PLC006177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Zuari Agro Chemicals is a listed company as per MCA records. Its shares are listed on both BSE (code: 534742) and NSE (symbol: ZUARI).
Zuari Agro Chemicals has 279 court cases on record: 140 filed by the company and 141 filed against it. 93 are pending. Most are in the district courts.
Zuari Agro Chemicals was incorporated on 10 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Zuari Agro Chemicals by revenue are Himadri Speciality Chemical Limited, RSPL Limited, Strides Pharma Science Limited, Birla Carbon India Private Limited, Granules India Limited and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Manoj Arvind Dere ceased to be Company Secretary on 30 Sep 2024. Manoj Arvind Dere was appointed as Company Secretary on 01 Feb 2023. Athar Shahab was appointed as Director on 05 Nov 2022. Zuari Agro Chemicals has 44 board changes on record in total.
Zuari Agro Chemicals has 46 MSME Form 1 returns on record between 2018 and 2024, listing 1,284 overdue payments to 103 micro and small suppliers. The latest return was filed on 26 Apr 2024.

