Zuari Agro Chemicals share price today

Zuari Agro Chemicals Ltd's share price was ₹191.21 at the close on 4 November 2026. It has been falling for 34 weeks. That is 16.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹185 and ₹337, and at that close it sat 4% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Zuari Agro Chemicals Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 14 weeks running.

Over the last 11 years the share price moved +45% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For April to June 2026 (the quarter ended 30 June 2026), Zuari Agro Chemicals reported revenue of ₹615 crore, down 50.6% from ₹1,246 crore a year earlier, and a profit of ₹119 crore, down 6.3% from ₹127 crore.

Zuari Agro Chemicals results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Zuari Agro Chemicals closed at ₹191.21 on 4 November 2026, down 23.9% from ₹251.15 a year earlier (7 November 2025) and up 67.7% over five years. Its highest weekly close since March 2016 was ₹619.30 on 3 November 2017.

Zuari Agro Chemicals share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Zuari Agro Chemicals closed at ₹191.21, up 3.6% on the week and down 10.4% on the month. Results for April to June 2026: Revenue down 50.6% and profit down 6.3% on a year earlier.

Zuari Agro Chemicals has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Zuari Agro Chemicals Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Zuari Agro Chemicals is not on any of our India lists this week.

Zuari Agro Chemicals Ltd earned ₹119 Cr of net profit in the Jun 2026 quarter, −6.3% on the same quarter a year earlier. Full-year FY26 profit was ₹982 Cr. That is 19.3% of the quarter's revenue. The same quarter a year earlier earned ₹127 Cr. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹982 Cr (+325.1% on the year before).

Why profit moved: revenue changed −50.6% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +138.4% and revenue −44.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Zuari Agro Chemicals Ltd reported ₹615 Cr of revenue in the Jun 2026 quarter, −50.6% on the same quarter a year earlier. Over 10 years it has grown −8.3% a year on average. The last full year, FY26, came in at ₹3,200 Cr. The last four reported quarters add to ₹2,569 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹3,200 Cr, −27.9% on the year before.

Recent pace: the last four quarters grew −44.3% on average, against −8.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −44.0%, against −24.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +197.0%, against +119.6% a year (accelerating).

Zuari Agro Chemicals Ltd's operating margin was 10.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −11.0% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.7 percentage points on the year while gross margin changed −13.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 86% of Zuari Agro Chemicals Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹203 Cr of operating cash against ₹982 Cr of profit. After −₹654 Cr of spending on assets, ₹857 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 86% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

Zuari Agro Chemicals Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 16 days in FY26, down from 25 days in FY21. Over the last 3 years it sold more assets than it bought, by ₹1,544 Cr. Customers take 10 days to pay, and stock sits for 45 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,200 Cr, each day of that cycle ties up about ₹8.8 Cr, so roughly ₹140 Cr is tied up in the business at any time.

FY26: customers took 10 days to pay and stock sat for 45 days, about 1.5 months of sales sitting as stock, for a full cycle of 16 days, shorter than FY21's 25.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 45 days. Customers pay about 10 days after that. Suppliers are paid at 39 days. Together that makes the 16-day cycle.

Over the last 3 years, money from selling assets was ₹1,544 Cr more than it spent on new ones. Work still in progress is ₹0.0 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

Zuari Agro Chemicals Ltd's P/E is 2.6×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 4.7×, over 8.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.