About Zuari Sugar & Power Limited
Data last updated:
Zuari Sugar & Power Limited was a public limited company based in Mormugao, Goa, India, operated as a subsidiary of Zuari Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the agricultural products distribution segment of the agriculture sector. It was incorporated on 27 June 2008.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U65100GA2008PLC007282. Its GSTIN is 30AAACZ2903Q1Z9 (Goa). The company held 5 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.9 Cr. It was formerly known as Zuari Financial Services Limited. It was led by directors including Athar Shahab and Bhaskar Chatterjee.
Its last annual general meeting (AGM) was held on 14 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Jaikissan Bhawan Zuarinagar Goa, Mormugao, Goa, India – 403726.
As per the financials filed for FY 2023, the company reported a revenue of ₹47.96 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹17.33 Cr (net margin -36.1%) and EBITDA of -₹2.78 Cr (EBITDA margin -5.8%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 37% over five years.
As per MCA filings, the company had satisfied charges of ₹100 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (2 acquisitions, 1 rights issue, 1 funding round), with disclosed funding of ₹2.45 Cr; the latest was in January 2023. Its 6 peer companies in the Agriculture industry (Agro Retail and Distribution, Sugar), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 4 smaller; the largest is Indo-European Agro Private Limited with revenue of ₹48.44 Cr.
The last known website on record is zspl.in.
Company details
CIN history
Zuari Sugar & Power has one previous CIN (Corporate Identification Number): U65100DL2008PLC180229. The current CIN is U65100GA2008PLC007282, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100GA2008PLC007282 | Current |
| U65100DL2008PLC180229 | Previous |
Contact details
Zuari Sugar & Power Limited's registered office is in Mormugao, Goa. Its website is zspl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJaikissan Bhawan Zuarinagar Goa, Mormugao, Goa, India – 403726
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Zuari Sugar & Power 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 Sugar & Power is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Zuari Sugar & Power Limited, buy the company report.
Financials of Zuari Sugar & Power Limited
FY 2023 filings availableZuari Sugar & Power Limited reported revenue of ₹47.96 Cr (down 45% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 37%. EBITDA rose 88% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹47.96 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.33 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.8% | ||||
| Net Profit Margin | -36.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Zuari Sugar & Power Limited, buy the company report.
Board of directors of Zuari Sugar & Power Limited
Zuari Sugar & Power has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Athar Shahab Also directs: Zuari Agro Chemicals Limited, Zuari Industries Limited, Texmaco Infrastructure & Holdings Limited and 5 more | Director | 31 Jan 2022 | 4 Years 8 Months | As last reported |
| Bhaskar Chatterjee | Director | 17 Feb 2016 | 10 Years 8 Months | As last reported |
| Alok Saxena Also directs: Zuari Industries Limited | Director | 04 Dec 2020 | 5 Years 10 Months | As last reported |
Peer comparison
Zuari Sugar & Power Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Sugar), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indo-European Agro Private Limited | ₹48.44 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Indian Trading Bureau Pvt Ltd | ₹48.37 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Zuari Sugar & Power Limitedthis company | ₹47.96 Cr (FY 2023) | -₹17.33 Cr | -36.1% | -45.0% | Mormugao, Goa, India | |
| BLB Global Business Limited | ₹47.73 Cr (FY 2018) | 235.0% | Faridabad, Haryana, India | |||
| Apstar Food Products Private Limited | ₹47.61 Cr (FY 2024) | 3.0% | Kolkata, West Bengal, India | |||
| Taran Tex Limited | ₹47.61 Cr (FY 2020) | 9.0% | Jodhpur, Rajasthan, India | |||
| Sriversha Agro Food Products Private Limited | ₹47.61 Cr (FY 2024) | 3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Zuari Sugar & Power Limited, buy the company report.
Auditor
Zuari Sugar & Power Limited is audited by V. Sankar Aiyar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Sankar Aiyar & Co. | FY 2023 | 109208W |
Shareholding
The shareholding of Zuari Sugar & Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zuari Sugar & Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2017 | 100094598 | Others | ₹100 Cr | Satisfied |
To see the full charge records of Zuari Sugar & Power Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Zuari Sugar & Power Limited has 5 deals on record (2 acquisitions, 1 rights issue, 1 funding round), with disclosed funding of ₹2.45 Cr; the latest was in January 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Acquisition | Undisclosed | Buyer: Zuari Industries Limited |
| Mar 2019 | Acquisition | ₹15 Cr | Buyer: Zuari Industries Limited |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Zuari Industries Limited , Zuari Global Limited & HC Shah, Zuari Global Limited & R K Gupta Seller: Zuari Investments Limited, Zuari Investments Limited & Vinod Kumar Gupta, Zuari Investments Limited & Arun Mahajan |
| Feb 2015 | Rights issue | ₹13.64 Cr | Investors: Zuari Investments Limited |
| Oct 2009 | Funding round | ₹2.45 Cr | Investors: Zuari Investments Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zuari Sugar & Power Limited has 2 court cases on record: 2 filed by Zuari Sugar & Power. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| Allahabad High Court | Writ petition | Filed by the company against State of U.P. Thru. Prin. Secy. Food and Civil Supplies and Ors. | Disposed |
To see the full case history of Zuari Sugar & Power 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 Sugar & Power Limited was last rated by Care on 06 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Oct 2021 |
To see the full credit ratings and regulatory alerts of Zuari Sugar & Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Zuari Sugar & Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Zuari Sugar & Power has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACZ2903Q1Z9 | Goa | Active | 01 Jul 2017 |
| 06AAACZ2903Q1Z0 | Haryana | Active | 21 Sep 2017 |
To see the full GST registrations and return filing status of Zuari Sugar & Power Limited, buy the company report.
Recent activity
Zuari Sugar & Power Limited has 15 board changes on record since 2010: 3 appointments and 12 cessations. The latest: Athar Shahab ceased to be Additional Director on 26 Sep 2022.
9 earlier events are in the company report.
Frequently asked questions
Zuari Sugar & Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Zuari Sugar & Power was a public limited company based in Mormugao, Goa, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 27 June 2008 and is registered under CIN U65100GA2008PLC007282. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Zuari Sugar & Power was incorporated on 27 June 2008. It is registered with the Registrar of Companies, Goa.
Zuari Sugar & Power had 3 directors:
- Athar Shahab - Director
- Bhaskar Chatterjee - Director
- Alok Saxena - Director
The CIN (Corporate Identification Number) of Zuari Sugar & Power is U65100GA2008PLC007282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Zuari Sugar & Power is at Jaikissan Bhawan Zuarinagar Goa, Mormugao, Goa, India – 403726.
Zuari Sugar & Power can be reached through the website zspl.in. Its registered office is in Mormugao, Goa, India.
The latest financial statements of Zuari Sugar & Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 14 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Zuari Sugar & Power is 30AAACZ2903Q1Z9, registered in Goa. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAACZ2903Q1Z0 (Haryana).
Zuari Sugar & Power operated in the agriculture industry, in the agro retail and distribution segment.
Zuari Sugar & Power has 5 deals on record (2 acquisitions, 1 rights issue, 1 funding round), with disclosed funding of ₹2.45 Cr; the latest was in January 2023.