Zuari Agro Chemicals Ltd Q4 FY19 Share Price & Earnings Call Analysis

Financials of Zuari Agro Chemicals Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Zuari Agro Chemicals Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,3391,2051,6498438981,0971,1231,2649521,2461,423344187
Expenses +1,2081,1161,5107688799781,0221,1489201,1051,249334202
Operating Profit131901397519118101117321411749-14
OPM %10%7%8%9%2%11%9%9%3%11%12%3%-8%
Other Income +-62915454313112815161729234311
Interest54575549514844403634321817
Depreciation212323242525252625252545
Profit before tax-57325106457456113101321541,04030-25
Tax %-25%106%37%37%-4%48%18%20%16%17%19%-34%0%
Net Profit +-427-26729772993812712784040-25
EPS in Rs-108.99-5.778.443.1917.872.1819.3112.974.7223.54191.689.43-5.95

Financials of Zuari Agro Chemicals Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7,6137,6116,3777,2658,1033,0422,4043,5904,5534,5954,4363,200
Expenses +7,3137,3345,9056,7227,7833,3822,3693,3514,2154,2334,0582,890
Operating Profit300277472542320-34035239338362378309
OPM %4%4%7%7%4%-11%1%7%7%8%9%10%
Other Income +715023113-111241462206161951951,050
Interest318419440404488278200173207211168101
Depreciation3066778387686867799510259
Profit before tax23-157-22169-266-562-882186682513031,199
Tax %29%-22%-40%14%3%37%44%22%19%32%24%18%
Net Profit +14-123-13146-273-773-126171539171231982
EPS in Rs2.13-27.40-5.2227.91-68.57-190.74-37.3531.01113.3323.7439.18218.70
Dividend Payout %94%-7%-19%0%0%0%0%0%0%8%5%0%

Financials of Zuari Agro Chemicals Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital424242424242424242424242
Reserves9651,3051,3251,4231,1102991543251,5391,6521,8142,047
Borrowings +3,4345,0474,2994,5065,2353,3681,8512,6432,1081,783717642
Other Liabilities +1,6781,6171,9142,2792,8862,8453,2973,2011,3611,3342,453520
Total Liabilities6,1188,0117,5808,2509,2736,5545,3446,2115,0504,8115,0263,251
Fixed Assets +4881,8291,7931,7981,8351,8621,4311,4241,9401,957865159
CWIP42410214314715416878320192370
Investments2097748789118158559521,1261,2421,2701,4252,581
Other Assets +4,9985,3064,7675,3956,4693,6682,8833,3411,8481,5612,729511
Total Assets6,1188,0117,5808,2509,2736,5545,3446,2115,0504,8115,0263,251

Financials of Zuari Agro Chemicals Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +839-8691,097293-3552,6351,52157195473511203
Cash from Investing Activity +-286-489-40-63-103-16-171-1374263-122-69
Cash from Financing Activity +-5471,363-1,003-148360-2,404-1,188-296-697-527-494-335
Net Cash Flow655482-98215162138-176-51-104-201
Free Cash Flow654-1,019952221-5022,5561,449344-150453433103
CFO/OP282%-307%240%58%-110%-777%4,344%249%44%160%135%66%

Financials of Zuari Agro Chemicals Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days15919719817017626669646348710
Inventory Days6145567410794527847382345
Days Payable705486102118339969157412139
Cash Conversion Cycle1491881681421642225525345916
Working Capital Days1-33-50-44-31-250-304-224-68-62-165-56
ROCE %7%5%8%10%5%-5%3%13%10%8%13%16%