- #359 Saroj Kumar Poddar & family ₹10,400 Cr

About Zuari Industries Limited
Data last updated:
Zuari Industries Limited is a public limited company based in Mormugao, Goa, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 12 May 1967 and has been in existence for over 59 years.
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 L65921GA1967PLC000157. Its GSTIN is 30AAACZ0306P1ZI (Goa). The company holds 12 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500780.
The company has an authorised share capital of ₹365.75 Cr and a paid-up capital of ₹34.86 Cr. It was formerly known as Zuari Leasing & Finance Corporation Ltd and Zuari Agro Chemicals Limited. It is led by directors including Athar Shahab (Managing Director) and Alok Saxena (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mormugao, Goa.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,044.82 Cr, a growth of 7.7% compared to the previous year. For the same year it recorded a net profit of ₹116 Cr (net margin 11.1%) and EBITDA of ₹61.39 Cr (EBITDA margin 5.9%). The net worth stands at ₹3,793.72 Cr (down 27.2% YoY). Total assets are valued at ₹6,235.9 Cr (down 17.7% YoY).
The company has about 791 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries and 2 joint ventures.
The company is associated with 3 brands: Zuari Agro Chemicals, Zuariindustries and Adventz. As per MCA filings, the company has open charges of ₹2,864.03 Cr and satisfied charges of ₹10,834 Cr on record. Court records list 279 cases involving the company, including 170 filed by the company and 109 filed against it; 37 cases are pending. The company has 44 deals on record (42 market trades, 1 debt financing, 1 funding round), with disclosed funding of ₹211.77 Cr; the latest was in November 2025. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 97 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zuariindustries.in.
Company details
Name history
Zuari Industries has undergone 3 name changes throughout its history. The company was previously known as Zuari Leasing & Finance Corporation Ltd, Zuari Agro Chemicals Limited, and Zuari Industries Limited. The current legal name is Zuari Industries Limited.
| Company Name | Status |
|---|---|
| Zuari Industries Limited | Current |
| Zuari Leasing & Finance Corporation Ltd | Previous |
| Zuari Agro Chemicals Limited | Previous |
CIN history
Zuari Industries has one previous CIN (Corporate Identification Number): U65921GA1967PTC000157. The current CIN is L65921GA1967PLC000157, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65921GA1967PLC000157 | Current |
| U65921GA1967PTC000157 | Previous |
Recognitions & Rankings of Zuari Industries
Contact details
Zuari Industries Limited's registered office is in Mormugao, Goa. Its website is zuariindustries.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJai Kisaan Club Jalvayu Colony Road, Near Mes College Sancoale, Mormugao, Goa, India – 403726
- IndustryAgriculture, Sugar Processing
To see the full contact details of Zuari Industries 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
Brands
Zuari Industries operates multiple associated brands including Zuari Agro Chemicals, Zuariindustries, and Adventz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fertilizers, specialty fertilizers, micronutrients, and organic manure are manufactured. | zuari.in | |
| Agrochemicals, engineering, real estate, and services are provided in India. | zuariindustries.in | |
| Fruits and vegetables are processed by Adventz in India. | adventz.com |
Business activity
The main business activities of Zuari Industries are manufacturing, electricity, gas, steam and air condition supply and real estate. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, electric power generation, transmission and distribution and real estate activities with own or leased property. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Zuari Industries Limited, buy the company report.
Financials of Zuari Industries Limited
FY 2025-26 filings availableZuari Industries Limited reported revenue of ₹1,044.82 Cr (up 7.7% 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 | 1,045 | 970 | 838 | 955 | 722 | 834 | 771 |
| Revenue growth | +7.7% | +15.8% | -12.3% | +32.3% | -13.4% | +8.1% | - |
| EBITDA | 61.39 | 29.40 | 23.28 | 27.81 | 12.19 | (30.76) | (264) |
| EBITDA margin | +5.9% | +3.0% | +2.8% | +2.9% | +1.7% | -3.7% | -34.2% |
| Profit before tax | 122 | (87.56) | 784 | 314 | (44.54) | (113) | (325) |
| Net profit | 116 | (74.51) | (70.21) | 304 | (75.86) | (76.04) | (365) |
| Net profit margin | +11.1% | -7.7% | -8.4% | +31.9% | -10.5% | -9.1% | -47.3% |
| EPS (₹) | 36.25 | (31.30) | 239.72 | 104.30 | (12.17) | (29.16) | (124.64) |
| Balance sheet | |||||||
| Total assets | 6,236 | 7,574 | 6,312 | 5,051 | 5,440 | 4,185 | 3,129 |
| Net worth | 3,794 | 5,214 | 4,071 | 2,537 | 3,089 | 2,036 | 1,300 |
| Total debt | 2,426 | 2,343 | 2,226 | 2,496 | 2,338 | 2,131 | 1,806 |
| Cash & bank | 408 | 675 | 685 | 627 | 323 | 149 | 97.32 |
| Net working capital | 639 | 666 | 553 | 1,663 | 1,209 | 941 | 847 |
| Cash flow | |||||||
| Cash from operations | 144 | (1.29) | 71.48 | 269 | 61.53 | 109 | 126 |
| Cash from investing | 19.59 | 183 | 475 | (159) | 69.33 | (204) | (360) |
| Cash from financing | (175) | (163) | (583) | (88.65) | (86.90) | 90.11 | 232 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 312 | 284 | 263 | 241 | 257 | 272 | 235 | 237 |
| Revenue growth (YoY) | +21.2% | +4.2% | +11.7% | +1.6% | +14.1% | - | - | - |
| Other income | 54.77 | 19.79 | 52.98 | 232 | 44.80 | 24.58 | 54.03 | 78.69 |
| EBITDA | 14.18 | 30.22 | (13.84) | 3.84 | 25.24 | 27.59 | (7.12) | (15.79) |
| EBITDA margin | +4.5% | +10.7% | -5.3% | +1.6% | +9.8% | +10.1% | -3.0% | -6.7% |
| Depreciation | 7.98 | 7.66 | 7.71 | 7.34 | 7.44 | 7.83 | 7.22 | 7.04 |
| Interest | 61.54 | 61.99 | 56.19 | 61.47 | 63.00 | 59.02 | 63.35 | 70.80 |
| Profit before tax | (0.57) | (19.64) | (24.76) | 167 | (0.40) | (14.68) | (23.66) | (14.94) |
| Tax | (0.62) | 11.96 | 1.68 | 2.74 | 0.07 | 6.09 | 1.57 | (0.18) |
| Net profit | 0.05 | (31.60) | (26.44) | 164 | (0.47) | (20.77) | (25.23) | (14.76) |
| EPS (₹) | 0.20 | (10.41) | (8.69) | 55.34 | 0.02 | (6.96) | (8.31) | (4.84) |
| 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 | 874 | 871 | 715 | 814 | 610 | 776 | 57.16 |
| Revenue growth | +0.4% | +21.8% | -12.3% | +33.4% | -21.4% | +1258.1% | - |
| EBITDA | 41.11 | 11.99 | (4.68) | 54.46 | 10.26 | 72.07 | (27.60) |
| EBITDA margin | +4.7% | +1.4% | -0.7% | +6.7% | +1.7% | +9.3% | -48.3% |
| Profit before tax | 24.37 | (26.21) | 22.76 | 7.51 | 7.20 | 50.16 | 17.41 |
| Net profit | 29.66 | 9.96 | 5.99 | 5.08 | (17.28) | 78.58 | 40.24 |
| Net profit margin | +3.4% | +1.1% | +0.8% | +0.6% | -2.8% | +10.1% | +70.4% |
| EPS (₹) | 4.08 | (12.55) | 7.61 | 1.81 | 5.20 | 23.59 | 4.39 |
| Balance sheet | |||||||
| Total assets | 4,289 | 5,295 | 3,797 | 3,347 | 4,425 | 3,599 | 1,785 |
| Net worth | 3,107 | 4,128 | 2,723 | 2,096 | 3,112 | 2,183 | 1,311 |
| Total debt | 1,155 | 1,141 | 1,048 | 1,225 | 1,293 | 1,391 | 456 |
| Cash & bank | 18.61 | 3.03 | 7.66 | 41.05 | 15.41 | 57.15 | 57.41 |
| Net working capital | 487 | 475 | 411 | 680 | 358 | 416 | 355 |
| Cash flow | |||||||
| Cash from operations | 66.52 | 6.07 | 51.03 | 54.75 | 41.54 | 148 | 14.35 |
| Cash from investing | 54.86 | 20.38 | 252 | 195 | 270 | (169) | (307) |
| Cash from financing | (109) | (32.05) | (314) | (248) | (305) | 23.93 | 294 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267 | 248 | 211 | 205 | 210 | 244 | 205 | 207 |
| Revenue growth (YoY) | +26.8% | +1.7% | +3.2% | -1.4% | -2.0% | - | - | - |
| Other income | 17.38 | 19.19 | 43.36 | 43.59 | 14.48 | 14.66 | 44.60 | 33.53 |
| Total expenses | 258 | 205 | 227 | 208 | 192 | 206 | 218 | 228 |
| EBITDA | 9.00 | 42.92 | (16.13) | (3.59) | 17.91 | 38.30 | (13.28) | (20.53) |
| EBITDA margin | +3.4% | +17.3% | -7.6% | -1.8% | +8.5% | +15.7% | -6.5% | -9.9% |
| Depreciation | 6.73 | 6.39 | 6.49 | 6.35 | 6.31 | 6.04 | 6.19 | 6.11 |
| Interest | 29.03 | 29.30 | 25.31 | 27.55 | 29.66 | 30.86 | 28.86 | 30.56 |
| Profit before tax | (9.38) | 26.42 | (4.57) | 6.10 | (3.58) | 16.06 | (3.73) | (23.67) |
| Tax | 0.10 | 8.51 | 0.42 | 2.98 | 0.31 | 6.98 | 3.62 | 0.19 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 312 | 284 | 263 | 241 | 257 | 272 | 235 | 237 |
| Revenue growth (YoY) | +21.2% | +4.2% | +11.7% | +1.6% | +14.1% | - | - | - |
| Other income | 54.77 | 19.79 | 52.98 | 232 | 44.80 | 24.58 | 54.03 | 78.69 |
| EBITDA | 14.18 | 30.22 | (13.84) | 3.84 | 25.24 | 27.59 | (7.12) | (15.79) |
| EBITDA margin | +4.5% | +10.7% | -5.3% | +1.6% | +9.8% | +10.1% | -3.0% | -6.7% |
| Depreciation | 7.98 | 7.66 | 7.71 | 7.34 | 7.44 | 7.83 | 7.22 | 7.04 |
| Interest | 61.54 | 61.99 | 56.19 | 61.47 | 63.00 | 59.02 | 63.35 | 70.80 |
| Profit before tax | (0.57) | (19.64) | (24.76) | 167 | (0.40) | (14.68) | (23.66) | (14.94) |
| Tax | (0.62) | 11.96 | 1.68 | 2.74 | 0.07 | 6.09 | 1.57 | (0.18) |
| Net profit | 0.05 | (31.60) | (26.44) | 164 | (0.47) | (20.77) | (25.23) | (14.76) |
| EPS (₹) | 0.20 | (10.41) | (8.69) | 55.34 | 0.02 | (6.96) | (8.31) | (4.84) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,045 | 970 | 838 | 955 | 722 | 834 | 771 |
| Revenue growth | +7.7% | +15.8% | -12.3% | +32.3% | -13.4% | +8.1% | - |
| Other income | 334 | 174 | 1,070 | 562 | 230 | 149 | 125 |
| Total expenses | 983 | 941 | 815 | 927 | 710 | 865 | 1,035 |
| Employee cost | 133 | 114 | 97.60 | 89.69 | 73.19 | 71.27 | 81.17 |
| EBITDA | 61.39 | 29.40 | 23.28 | 27.81 | 12.19 | (30.76) | (264) |
| EBITDA margin | +5.9% | +3.0% | +2.8% | +2.9% | +1.7% | -3.7% | -34.2% |
| Depreciation | 30.14 | 28.90 | 27.36 | 27.42 | 22.71 | 29.25 | 25.47 |
| Interest | 243 | 262 | 282 | 248 | 264 | 202 | 160 |
| Profit before tax | 122 | (87.56) | 784 | 314 | (44.54) | (113) | (325) |
| Tax | 16.47 | 6.80 | 71.25 | 4.28 | (9.78) | (15.09) | 70.99 |
| Net profit | 116 | (74.51) | (70.21) | 304 | (75.86) | (76.04) | (365) |
| Net profit margin | +11.1% | -7.7% | -8.4% | +31.9% | -10.5% | -9.1% | -47.3% |
| EPS (₹) | 36.25 | (31.30) | 239.72 | 104.30 | (12.17) | (29.16) | (124.64) |
| 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 | 261 | 255 | 240 | 224 | 203 | 187 | 163 |
| Reserves & surplus | 3,533 | 4,959 | 3,830 | 2,312 | 2,885 | 1,849 | 1,095 |
| Shareholders' funds (net worth) | 3,794 | 5,214 | 4,071 | 2,537 | 3,089 | 2,036 | 1,300 |
| Minority interest | (17.68) | (15.50) | (14.34) | (13.18) | (12.02) | (13.07) | (31.81) |
| Secured loans | 2,156 | 2,040 | 1,852 | 2,299 | 2,176 | 1,949 | 1,864 |
| Unsecured loans | 270 | 303 | 374 | 197 | 162 | 181 | (57.96) |
| Total debt | 2,426 | 2,343 | 2,226 | 2,496 | 2,338 | 2,131 | 1,806 |
| Total liabilities | 6,236 | 7,574 | 6,312 | 5,051 | 5,440 | 4,185 | 3,129 |
| Assets | |||||||
| Gross block | 841 | 807 | 798 | 797 | 785 | 776 | 782 |
| Net block | 616 | 609 | 622 | 645 | 654 | 665 | 698 |
| Capital work in progress | 6.14 | 7.04 | 6.06 | 1.07 | 7.03 | 2.21 | 2.51 |
| Investments | 4,851 | 6,379 | 4,852 | 2,586 | 3,180 | 1,877 | 1,132 |
| Inventories | 772 | 731 | 720 | 1,110 | 1,260 | 1,230 | 1,271 |
| Sundry debtors | 66.33 | 71.23 | 54.91 | 80.00 | 72.59 | 91.12 | 107 |
| Cash & bank balances | 408 | 675 | 685 | 627 | 323 | 149 | 97.32 |
| Loans & advances | 94.82 | 97.33 | 145 | 598 | 248 | 193 | 181 |
| Total current assets | 1,341 | 1,575 | 1,604 | 2,415 | 1,904 | 1,663 | 1,656 |
| Total current liabilities | 702 | 909 | 1,050 | 753 | 695 | 722 | 808 |
| Net working capital | 639 | 666 | 553 | 1,663 | 1,209 | 941 | 847 |
| Total assets | 6,236 | 7,574 | 6,312 | 5,051 | 5,440 | 4,185 | 3,129 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 73.73 | 55.52 | 91.35 | 69.47 | 25.52 | 30.38 | 32.83 |
| Net cash from operating activities | 144 | (1.29) | 71.48 | 269 | 61.53 | 109 | 126 |
| Net cash from investing activities | 19.59 | 183 | 475 | (159) | 69.33 | (204) | (360) |
| Net cash from financing activities | (175) | (163) | (583) | (88.65) | (86.90) | 90.11 | 232 |
| Net change in cash | (11.87) | 18.21 | (35.83) | 21.88 | 43.96 | (4.86) | (2.45) |
| Closing cash | 408 | 675 | 685 | 627 | 323 | 149 | 97.32 |
| 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 | +7.7% | +15.8% | -12.3% | +32.3% | -13.4% | +8.1% | - |
| EBITDA growth | +108.8% | +26.3% | -16.3% | +128.1% | +139.6% | +88.3% | - |
| PBT growth | +9998.0% | - | +149.9% | +9998.0% | +60.6% | +65.2% | -96.8% |
| Net income growth | +255.7% | -6.1% | -123.1% | +501.4% | +0.2% | +79.2% | - |
| Revenue CAGR (3Y) | +3.0% | +10.4% | +0.2% | +7.4% | -2.3% | +14.9% | +8.5% |
| EBITDA CAGR (3Y) | +30.2% | +34.1% | - | - | - | +70.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +10.1% | -9.7% | +85.1% | +32.4% | -4.8% | -11.8% | -51.3% |
| Return on capital employed | +5.3% | +2.8% | +3.7% | +10.7% | +3.7% | +2.4% | -4.8% |
| Return on net worth | +2.5% | -1.7% | -2.3% | +11.8% | -3.1% | -6.4% | -23.6% |
| Debt / equity | 0.53 | 0.49 | 0.71 | 0.86 | 0.87 | 1.18 | 0.88 |
| Long-term debt / equity | 0.35 | 0.33 | 0.51 | 0.66 | 0.68 | 0.91 | 0.67 |
| Interest cover | 776.48 | 52,408.00 | -6,910.29 | 63,702.56 | -2,512.26 | -336.08 | -55.43 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.27 | 1.21 | 1.05 | 1.21 | 0.92 | 1.07 | 1.11 |
| Inventory turnover | 1.39 | 1.34 | 0.92 | 0.81 | 0.58 | 0.67 | 0.63 |
| Debtors turnover | 15.19 | 15.38 | 12.42 | 12.52 | 8.82 | 8.42 | 7.30 |
| EPS (₹) | 36.25 | (31.30) | 239.72 | 104.30 | (12.17) | (29.16) | (124.64) |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 |
| Book value per share (₹) | 1,196.13 | 1,675.09 | 1,296.09 | 786.47 | 989.80 | 637.99 | 381.97 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267 | 248 | 211 | 205 | 210 | 244 | 205 | 207 |
| Revenue growth (YoY) | +26.8% | +1.7% | +3.2% | -1.4% | -2.0% | - | - | - |
| Other income | 17.38 | 19.19 | 43.36 | 43.59 | 14.48 | 14.66 | 44.60 | 33.53 |
| Total expenses | 258 | 205 | 227 | 208 | 192 | 206 | 218 | 228 |
| EBITDA | 9.00 | 42.92 | (16.13) | (3.59) | 17.91 | 38.30 | (13.28) | (20.53) |
| EBITDA margin | +3.4% | +17.3% | -7.6% | -1.8% | +8.5% | +15.7% | -6.5% | -9.9% |
| Depreciation | 6.73 | 6.39 | 6.49 | 6.35 | 6.31 | 6.04 | 6.19 | 6.11 |
| Interest | 29.03 | 29.30 | 25.31 | 27.55 | 29.66 | 30.86 | 28.86 | 30.56 |
| Profit before tax | (9.38) | 26.42 | (4.57) | 6.10 | (3.58) | 16.06 | (3.73) | (23.67) |
| Tax | 0.10 | 8.51 | 0.42 | 2.98 | 0.31 | 6.98 | 3.62 | 0.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 874 | 871 | 715 | 814 | 610 | 776 | 57.16 |
| Revenue growth | +0.4% | +21.8% | -12.3% | +33.4% | -21.4% | +1258.1% | - |
| Other income | 121 | 109 | 186 | 135 | 217 | 165 | 89.05 |
| Total expenses | 833 | 859 | 719 | 760 | 600 | 704 | 84.76 |
| Employee cost | 59.00 | 54.75 | 48.22 | 43.29 | 36.62 | 35.35 | 4.57 |
| EBITDA | 41.11 | 11.99 | (4.68) | 54.46 | 10.26 | 72.07 | (27.60) |
| EBITDA margin | +4.7% | +1.4% | -0.7% | +6.7% | +1.7% | +9.3% | -48.3% |
| Depreciation | 25.55 | 24.26 | 23.95 | 23.87 | 23.66 | 26.12 | 0.25 |
| Interest | 112 | 123 | 135 | 158 | 196 | 161 | 43.79 |
| Profit before tax | 24.37 | (26.21) | 22.76 | 7.51 | 7.20 | 50.16 | 17.41 |
| Tax | 12.22 | 11.16 | 0.09 | 2.16 | (8.08) | (19.27) | 4.49 |
| Net profit | 29.66 | 9.96 | 5.99 | 5.08 | (17.28) | 78.58 | 40.24 |
| Net profit margin | +3.4% | +1.1% | +0.8% | +0.6% | -2.8% | +10.1% | +70.4% |
| EPS (₹) | 4.08 | (12.55) | 7.61 | 1.81 | 5.20 | 23.59 | 4.39 |
| 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 | 35.02 | 42.44 | 42.31 | 29.78 | 29.44 | 29.44 | 29.44 |
| Reserves & surplus | 3,072 | 4,085 | 2,681 | 2,067 | 3,083 | 2,153 | 1,281 |
| Shareholders' funds (net worth) | 3,107 | 4,128 | 2,723 | 2,096 | 3,112 | 2,183 | 1,311 |
| Secured loans | 1,073 | 1,054 | 950 | 984 | 1,055 | 1,262 | 429 |
| Unsecured loans | 81.95 | 87.17 | 98.27 | 241 | 238 | 129 | 27.21 |
| Total debt | 1,155 | 1,141 | 1,048 | 1,225 | 1,293 | 1,391 | 456 |
| Total liabilities | 4,289 | 5,295 | 3,797 | 3,347 | 4,425 | 3,599 | 1,785 |
| Assets | |||||||
| Gross block | 669 | 645 | 637 | 634 | 618 | 614 | 4.72 |
| Net block | 459 | 460 | 473 | 494 | 501 | 519 | 3.84 |
| Capital work in progress | 4.06 | 6.97 | 6.02 | 0.92 | 7.03 | 2.21 | 0.00 |
| Investments | 3,140 | 4,302 | 2,556 | 2,011 | 2,994 | 1,857 | 990 |
| Inventories | 613 | 577 | 579 | 505 | 646 | 632 | 241 |
| Sundry debtors | 41.01 | 54.79 | 20.36 | 67.26 | 21.33 | 45.89 | 1.68 |
| Cash & bank balances | 18.61 | 3.03 | 7.66 | 41.05 | 15.41 | 57.15 | 57.41 |
| Loans & advances | 15.42 | 31.79 | 41.84 | 363 | 63.30 | 137 | 132 |
| Total current assets | 688 | 667 | 649 | 977 | 746 | 873 | 432 |
| Total current liabilities | 201 | 192 | 238 | 297 | 387 | 457 | 77.11 |
| Net working capital | 487 | 475 | 411 | 680 | 358 | 416 | 355 |
| Total assets | 4,289 | 5,295 | 3,797 | 3,347 | 4,425 | 3,599 | 1,785 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.79 | 6.39 | 16.88 | 15.12 | 7.04 | 4.51 | 2.31 |
| Net cash from operating activities | 66.52 | 6.07 | 51.03 | 54.75 | 41.54 | 148 | 14.35 |
| Net cash from investing activities | 54.86 | 20.38 | 252 | 195 | 270 | (169) | (307) |
| Net cash from financing activities | (109) | (32.05) | (314) | (248) | (305) | 23.93 | 294 |
| Net change in cash | 11.97 | (5.60) | (10.48) | 1.76 | 7.26 | 2.53 | 0.78 |
| Closing cash | 18.61 | 3.03 | 7.66 | 41.05 | 15.41 | 57.15 | 57.41 |
| 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 | +0.4% | +21.8% | -12.3% | +33.4% | -21.4% | +1258.1% | - |
| EBITDA growth | +242.9% | +356.2% | -108.6% | +430.8% | -85.8% | +361.1% | - |
| PBT growth | +9998.0% | - | +203.1% | +4.3% | -85.7% | +188.1% | -46.7% |
| Net income growth | +197.8% | +66.3% | +17.9% | +129.4% | -122.0% | +95.3% | - |
| Revenue CAGR (3Y) | +2.4% | +12.6% | -2.7% | +142.4% | +526.7% | +260.6% | - |
| EBITDA CAGR (3Y) | -9.0% | +5.3% | - | - | - | - | +42.2% |
| Profitability & leverage | |||||||
| Net income margin | +1.4% | -4.3% | +3.2% | +0.7% | +2.5% | +8.9% | +22.6% |
| Return on capital employed | +3.5% | +3.4% | +3.9% | +4.3% | +4.3% | +8.2% | +5.2% |
| Return on net worth | +0.8% | +0.3% | +0.3% | +0.2% | -0.7% | +4.5% | +2.6% |
| Debt / equity | 0.32 | 0.32 | 0.48 | 0.48 | 0.51 | 0.53 | 0.18 |
| Long-term debt / equity | 0.14 | 0.21 | 0.32 | 0.31 | 0.37 | 0.42 | 0.14 |
| Interest cover | 718.57 | -1,004.24 | -470.90 | 515.92 | -1,462.39 | 349.38 | -157.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.33 | 1.36 | 1.12 | 1.30 | 0.99 | 2.51 | 12.65 |
| Inventory turnover | 1.47 | 1.51 | 1.32 | 1.42 | 0.96 | 1.78 | 0.23 |
| Debtors turnover | 18.25 | 23.17 | 16.31 | 18.39 | 18.16 | 32.64 | 66.08 |
| EPS (₹) | 4.08 | (12.55) | 7.61 | 1.81 | 5.20 | 23.59 | 4.39 |
| Dividend per share (₹) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 |
| Book value per share (₹) | 1,041.52 | 1,381.67 | 910.11 | 703.91 | 1,057.06 | 741.37 | 445.26 |
To see the full year-wise statements and ratios of Zuari Industries Limited, buy the company report.
Board of directors and KMP of Zuari Industries Limited
Zuari Industries Limited currently reports 10 directors and 1 key managerial person. 24 former directors have served the organization.
Auditor
Zuari Industries Limited is audited by V Sankar Aiyar & Co., Chartered Accountants, for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V Sankar Aiyar & Co., Chartered Accountants, | FY 2023 | 109208W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.70%, foreign institutional investors hold 1.10%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 40.90%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.70% | 56.70% | 56.70% | 56.70% |
| Public | 43.30% | 43.30% | 43.30% | 43.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2026 | 101305128 | Others | ₹200 Cr | Open | |
| 27 Apr 2026 | 101302199 | Others | ₹25 Cr | Open | |
| 01 Apr 2026 | 101276689 | Others | ₹75 Cr | Open | |
| 07 Aug 2025 | 101161182 | Others | ₹90 Cr | Open | |
| 26 Jun 2025 | 101123940 | Others | ₹186 Cr | Open |
To see the full charge records of Zuari Industries Limited, buy the company report.
Total charge records: 95 View all charges
Deals & funding
Zuari Industries Limited has 44 deals on record (42 market trades, 1 debt financing, 1 funding round), with disclosed funding of ₹211.77 Cr; the latest was in November 2025.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹12.46 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited Seller: Hrti Private Limited , Junomoneta Finsol Private Limited |
| Oct 2025 | Market trade | ₹7.97 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Sep 2025 | Market trade | ₹7.09 Cr | Buyer: Junomoneta Finsol Private Limited Seller: Junomoneta Finsol Private Limited |
| Sep 2025 | Market trade | ₹110.89 Cr | Buyer: Graviton Research Capital LLP , Junomoneta Finsol Private Limited , Qe Securities LLP Seller: Graviton Research Capital LLP , Junomoneta Finsol Private Limited , Qe Securities LLP |
| Sep 2025 | Market trade | ₹6.62 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
To see the full deal history of Zuari Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zuari Industries Limited has 279 court cases on record: 170 filed by Zuari Industries, 109 filed against it. 37 cases are pending and 242 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 181 | 60 | 24 |
| District courts | 86 | 45 | 8 |
| Supreme Court | 11 | 4 | 5 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 279)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (AAR) | Filed against the company by Kaybee Construction and Engineers Pvt. Ltd Represented by Auth Repre. Anil Vedprakash Kohli | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by Kaybee Construction and Engineers Pvt. Ltd. Rep. by Its Auth. Rep. Karan Anil Kohli | Disposed |
| High Court, GOA | Court case (AAR) | Filed against the company by Kaybee Construction and Engineers Pvt. Ltd., Rep by Auth. Rep., Anil Vedprakash Kohli | Disposed |
| Allahabad High Court | Writ petition | Filed by the company against State of U.P. Thru. Addl. Chief Secy. Sugar Industry and Cane Development and 4 Others | Pending |
| Bombay High Court | Court case (WPCR) | Filed by the company against State, Rep. by Rony Pereira and Anr | Pending |
To see the full case history of Zuari Industries 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 Industries Limited was last rated by Care on 20 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 20 Sep 2022 |
To see the full credit ratings and regulatory alerts of Zuari Industries Limited, buy the company report.
MSME payment delays
Zuari Industries Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 97 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Uttara Khand Rubber Works | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Barmecha Brothers |
To see the full MSME payment records of Zuari Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Zuari Industries has 9 subsidiary companies, 2 joint ventures, and 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Zuari Envien Bioenergy Private Limited | U24290HR2022PTC105523 | |
| Zuari Infraworld India Limited | U45309KA2007PLC043161 | |
| Zuari Finserv Limited | U45400GA2013PLC007383 | |
| Zuari Sugar & Power Limited | U65100GA2008PLC007282 | |
| Zuari International Limited | U65993GA1995PLC001942 | |
| Zuari Insurance Brokers Limited | U66010GA2003PLC003185 |
To see the full group structure of Zuari Industries Limited, buy the company report.
Employees & EPFO
Zuari Industries Limited has a workforce of 791 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Zuari Industries has 12 GST registrations: 3 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACZ0306P1ZI | Goa | Active | 01 Jul 2017 |
| 09AAACZ0306P2Z2 | Uttar Pradesh | Active | 01 May 2022 |
| 06AAACZ0306P1Z9 | Haryana | Active | 30 Jul 2025 |
To see the full GST registrations and return filing status of Zuari Industries Limited, buy the company report.
Recent activity
Zuari Industries Limited has 49 board changes on record since 1967: 30 appointments and 19 cessations. The latest: Jatin Jain was appointed as CFO on 11 Mar 2026.
233 earlier events are in the company report.
News
Frequently asked questions
Zuari Industries is an active public limited company based in Mormugao, Goa, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 12 May 1967 (59+ years old) and is registered under CIN L65921GA1967PLC000157. Listed on BSE: 500780.
Zuari Industries reported revenue of ₹1,044.82 Cr for FY 2025-26 (up 7.7% YoY) based on consolidated financials.
Zuari Industries has 11 current directors and KMP:
- Athar Shahab - Managing Director
- Alok Saxena - Whole-Time Director
- Saroj Kumar Poddar - Director
- Jyotsna Poddar - Director
- Vijay Vyankatesh Paranjape - Director
- Manju Gupta - Director
- Akshay Poddar - Director
- Suneet Shriniwas Maheshwari - Director
- Sanjeev Lall - Director
- Deepak Amitabh - Director
- Jatin Jain - Cfo
The latest financial statements of Zuari Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zuari Industries is 30AAACZ0306P1ZI, registered in Goa. The company has 12 GST registrations in all, of which 3 are active and 9 are cancelled or inactive. Other active GSTINs include 09AAACZ0306P2Z2 (Uttar Pradesh), 06AAACZ0306P1Z9 (Haryana).
The CIN (Corporate Identification Number) of Zuari Industries is L65921GA1967PLC000157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Zuari Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 500780).
Zuari Industries has 279 court cases on record: 170 filed by the company and 109 filed against it. 37 are pending. Most are in the high courts.
Zuari Industries was incorporated on 12 May 1967, making it 59+ years old. It is registered with the Registrar of Companies, Goa.
Zuari Industries has 44 deals on record (42 market trades, 1 debt financing, 1 funding round), with disclosed funding of ₹211.77 Cr; the latest was in November 2025.
Jatin Jain was appointed as CFO on 11 Mar 2026. Akshay Poddar was appointed as Director on 13 Nov 2025. Sanjeev Lall was appointed as Director on 13 Nov 2025. Zuari Industries has 49 board changes on record in total.

