# Zuari Agro Chemicals share price today (Zuari Agro Chemicals Ltd, NSE: ZUARI)

> Zuari Agro Chemicals share price today: ₹184.43 at the NSE close on 3 November 2026, down 27.9% in a year. Zuari Agro Chemicals (NSE: ZUARI) is worth ₹777 crore, trades at a P/E of 2.5 and has closed between ₹184.43 and ₹337.35 over the past 52 weeks. > Zuari Agro Chemicals Ltd's P/E is near the low end of its own history, higher than only 7% of past readings, and its quarterly results are still getting worse. ZUARI · Fertilisers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/zuari-agro-chemicals-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹184.43 (−27.9% in a year)
- P/E: 2.5× (lower than 93% of the last 8.4 years)
- Revenue (Jun 2026): ₹615 Cr (−50.6% on a year ago)
- Profit (Jun 2026): ₹119 Cr (−6.3% on a year ago)
- Operating margin: 10.0% (−1.0 points on a year ago)
- ROCE: 16%, FY26
- ROIC: 6.2%, against a 12.0% cost of capital: −5.8 points

The main question: yearly earnings per share moved +458.2% while the share price moved −27.9%. ## What is the Zuari Agro Chemicals share price today? Zuari Agro Chemicals Ltd's share price was ₹184.43 at the close on 3 November 2026. It has been falling for 34 weeks. That is 19.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹184 and ₹337, and at that close it was at the low of that range. 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 +40% 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. ## What are Zuari Agro Chemicals' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹615 crore | ₹1,246 crore | −50.6% |
| Profit | ₹119 crore | ₹127 crore | −6.3% |
| Earnings per share | ₹28.17 | ₹23.54 | +19.7% |
| Operating margin | 10.0% | 11.0% | −1.0 points |

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.)

## What is the Zuari Agro Chemicals share price history? Zuari Agro Chemicals closed at ₹184.43 on 3 November 2026, down 27.9% from ₹255.80 a year earlier (31 October 2025) and up 61.8% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹186.75 | −1.2% |
| 1 month ago · 1 Oct 2026 | ₹213.30 | −13.5% |
| 6 months ago · 30 Apr 2026 | ₹235.20 | −21.6% |
| 1 year ago · 31 Oct 2025 | ₹255.80 | −27.9% |
| 3 years ago · 3 Nov 2023 | ₹151.30 | +21.9% |
| 5 years ago · 4 Nov 2021 | ₹114.00 | +61.8% |
| 10 years ago · 4 Nov 2016 | ₹226.10 | −18.4% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹131.55 | +40.2% |
| Highest weekly close since March 2016 · 3 Nov 2017 | ₹619.30 | −70.2% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹55.50 | +232.3% |
| 52-week high (weekly close) · 2 Jan 2026 | ₹337.35 | −45.3% |
| 52-week low (weekly close) · 3 Nov 2026 | ₹184.43 | 0.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Zuari Agro Chemicals? 3 Nov 2026: Zuari Agro Chemicals closed at ₹184.43, down 1.2% on the week and down 13.5% on the month. Results for April to June 2026: Revenue down 50.6% and profit down 6.3% on a year earlier. ## What dividend does Zuari Agro Chemicals pay? 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 4 November 2026.)

## Which stock lists is Zuari Agro Chemicals on? Zuari Agro Chemicals is not on any of our India lists this week. ## Is Zuari Agro Chemicals profitable? 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. 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. ## How much revenue does Zuari Agro Chemicals make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Zuari Agro Chemicals keep? 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. 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. ## Is Zuari Agro Chemicals' profit turning into cash? 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. 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. ## Where does Zuari Agro Chemicals' cash go? 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. 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. ## What is Zuari Agro Chemicals' P/E ratio, and how does it compare with its own history? Zuari Agro Chemicals Ltd's P/E is 2.5×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +458.2% while the price moved −27.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +10.1% a year; about +73.2% a year came from earnings growth and about −63.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Zuari Agro Chemicals business getting better or worse? Zuari Agro Chemicals Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 19.5%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Zuari Agro Chemicals earn on its capital? Zuari Agro Chemicals Ltd earned a ROCE of 16% in FY26. That is up from a low of −5% in FY20. Its return on capital used (ROIC) is 5.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 30.7% net margin and 0.99× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 30.7% net margin × 0.99× asset turnover × 1.55× leverage (assets divided by equity) ≈ 47.1% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 6.2% − 12.0% = −5.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 6.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 7.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Zuari Agro Chemicals have too much debt? Zuari Agro Chemicals Ltd has total debt of ₹642 Cr against shareholder equity of ₹2,090 Cr as of Jun 2026, so its debt is 0.31× its equity. Year by year, that ratio went from 3.13 in FY22 to 0.31 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Zuari Agro Chemicals shareholding pattern? No group of Zuari Agro Chemicals Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 65.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.7 points over 8 quarters, to 1.9%; Promoters: +0.0 points over 8 quarters, to 65.2%; Domestic institutions: +0.0 points over 8 quarters, to 0.1%. ## How far is Zuari Agro Chemicals from balance-sheet trouble? For Zuari Agro Chemicals Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Zuari Agro Chemicals rank in its industry? 53.0 out of 100, rank 6 of 15 in Fertilisers, with 96% of the evidence available. Zuari Agro Chemicals Ltd scores 53.0 out of 100 against the 15 companies it is compared with in Fertilisers, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21 + 10.5 + 19.9 + 1.6 = 53. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Zuari Agro Chemicals compared with? Zuari Agro Chemicals ranks 6 of 15 Fertilisers companies on the 4-Factor Sector Score, with 53.0 out of 100. 1. [Krishana Phoschem Ltd](https://www.sectoralpha.in/stocks/krishana-phoschem-ltd) KRISHANA · leader · Most evidence points up · 96% evidence 77.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 73.3% · Profit 92.2% · Operating margin change 0 points · 88% evidence Capital efficiency 19.6/25 · ROCE 27.2% · Operating margin 17% · 100% evidence Valuation 10.1/20 · P/E 35.9× · PEG 0.58 · 100% evidence Relative strength 20.0/20 · Lead over its industry 83.9% · Lead over NIFTY 500 75.7% · 1 year 126.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.5 + 19.6 + 10.1 + 20 = 77.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gujarat Narmada Valley Fertilizers & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-narmada-valley-fertilizers-chemicals-ltd) GNFC · leader · Most evidence points up · 96% evidence 73.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 12.6% · Profit 84.5% · Operating margin change 16.1 points · 88% evidence Capital efficiency 14.6/25 · ROCE 12% · Operating margin 18% · 100% evidence Valuation 15.6/20 · P/E 7.2× · PEG 0.27 · 100% evidence Relative strength 17.6/20 · Lead over its industry 9.8% · Lead over NIFTY 500 5.1% · 1 year 0.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25.8 + 14.6 + 15.6 + 17.6 = 73.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Madhya Bharat Agro Products Ltd](https://www.sectoralpha.in/stocks/madhya-bharat-agro-products-ltd) MBAPL · leader · Most evidence points up · 96% evidence 66.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.1/35 · Revenue 47.6% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.2/25 · ROCE 19.3% · Operating margin 16% · 100% evidence Valuation 7.3/20 · P/E 52.4× · PEG 0.8 · 100% evidence Relative strength 17.9/20 · Lead over its industry 66.5% · Lead over NIFTY 500 59.2% · 1 year 117.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25.1 + 16.2 + 7.3 + 17.9 = 66.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Chambal Fertilisers & Chemicals Ltd](https://www.sectoralpha.in/stocks/chambal-fertilisers-chemicals-ltd) CHAMBLFERT · quiet · Evidence leans up · 96% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.3/35 · Revenue 15.6% · Profit 10.2% · Operating margin change 3 points · 88% evidence Capital efficiency 20.0/25 · ROCE 25.2% · Operating margin 16% · 100% evidence Valuation 16.6/20 · P/E 7.3× · PEG 0.52 · 100% evidence Relative strength 5.1/20 · Lead over its industry -12.1% · Lead over NIFTY 500 -15.6% · 1 year -26.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.3 + 20 + 16.6 + 5.1 = 60 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Khaitan Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/khaitan-chemicals-fertilizers-ltd) KHAICHEM · Too little evidence to rank firmly · 59% evidence 58.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/43.75 · Revenue 19.9% · Profit 32.5% · Operating margin change -3 points · 88% evidence Capital efficiency 18.3/31.25 · ROCE 18.5% · Operating margin 11% · 100% evidence Valuation 12.7/25 · P/E 8.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 27.2 + 18.3 + 12.7 = 58.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. Zuari Agro Chemicals Ltd this page ZUARI · quiet · Evidence leans up · 96% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue -44% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 10.5/25 · ROCE 16.4% · Operating margin 10% · 100% evidence Valuation 19.9/20 · P/E 2.5× · PEG 0.08 · 100% evidence Relative strength 1.6/20 · Lead over its industry -15.2% · Lead over NIFTY 500 -18.7% · 1 year -27.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21 + 10.5 + 19.9 + 1.6 = 53 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Rashtriya Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/rashtriya-chemicals-fertilizers-ltd) RCF · quiet · Evidence leans up · 81% evidence 50.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 17.5% · Profit 56.8% · Operating margin change 1.3 points · 88% evidence Capital efficiency 7.3/25 · ROCE 10.4% · Operating margin 6% · 100% evidence Valuation 11.4/20 · P/E 12.4× · PEG 0.9 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.2% · 1 year -37.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24.4 + 7.3 + 11.4 + 7.5 = 50.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Gujarat State Fertilizers & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-state-fertilizers-chemicals-ltd) GSFC · quiet · Evidence leans down · 81% evidence 47.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 29.2% · Profit 7.8% · Operating margin change -3 points · 88% evidence Capital efficiency 4.7/25 · ROCE 7.2% · Operating margin 6% · 100% evidence Valuation 16.0/20 · P/E 7.7× · PEG 0.3 · 100% evidence Relative strength 9.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.2% · 1 year -30.1% · 25% evidence · 0 of 12 weeks ahead Exact sum: 18 + 4.7 + 16 + 9 = 47.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Southern Petrochemicals Industries Corporation Ltd](https://www.sectoralpha.in/stocks/southern-petrochemicals-industries-corporation-ltd) SPIC · quiet · Evidence leans down · 89% evidence 46.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.8/35 · Revenue -2.9% · Profit 28.3% · Operating margin change -5 points · 88% evidence Capital efficiency 14.3/25 · ROCE 16.8% · Operating margin 7% · 100% evidence Valuation 14.8/20 · P/E 5.5× · PEG 0.45 · 65% evidence Relative strength 6.6/20 · Lead over its industry -13.2% · Lead over NIFTY 500 -16.8% · 1 year -38.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.8 + 14.3 + 14.8 + 6.6 = 46.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Deepak Fertilisers & Petrochemicals Corp Ltd](https://www.sectoralpha.in/stocks/deepak-fertilisers-petrochemicals-corp-ltd) DEEPAKFERT · quiet · Evidence leans down · 96% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 13.6% · Profit -0.5% · Operating margin change 7 points · 88% evidence Capital efficiency 12.8/25 · ROCE 11.4% · Operating margin 26% · 100% evidence Valuation 11.1/20 · P/E 14.1× · PEG 0.57 · 100% evidence Relative strength 5.9/20 · Lead over its industry -6.4% · Lead over NIFTY 500 -10.6% · 1 year -26.2% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 12.8 + 11.1 + 5.9 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [National Fertilizer Ltd](https://www.sectoralpha.in/stocks/national-fertilizer-ltd) NFL · quiet · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative
12. [Paradeep Phosphates Ltd](https://www.sectoralpha.in/stocks/paradeep-phosphates-ltd) PARADEEP · quiet · Evidence leans down · 67% evidence 44.5 out of 100 Growth Capital Valuation Relative
13. [Madras Fertilizers Ltd](https://www.sectoralpha.in/stocks/madras-fertilizers-ltd) MADRASFERT · quiet · Evidence leans down · 74% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. [Coromandel International Ltd](https://www.sectoralpha.in/stocks/coromandel-international-ltd) COROMANDEL · quiet · Evidence leans down · 81% evidence 41.5 out of 100 Growth Capital Valuation Relative
15. [Fertilizers & Chemicals Travancore Ltd](https://www.sectoralpha.in/stocks/fertilizers-chemicals-travancore-ltd) FACT · quiet · Most evidence points down · 76% evidence 25.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Fertilisers](https://www.sectoralpha.in/sectors/fertilisers), all 15 compared on one page. ## Which companies are close to Zuari Agro Chemicals in size? Zuari Agro Chemicals is the 14th largest of 15 Fertilisers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Gujarat State Fertilizers & Chemicals, Rashtriya Chemicals & Fertilizers, National Fertilizer, Southern Petrochemicals Industries Corporation and Madras Fertilizers. Just below it: Khaitan Chemicals & Fertilizers. ### Fertilisers companies close in size

1. [Gujarat State Fertilizers & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-state-fertilizers-chemicals-ltd) ₹5,311 crore
2. [Rashtriya Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/rashtriya-chemicals-fertilizers-ltd) ₹5,165 crore
3. [National Fertilizer Ltd](https://www.sectoralpha.in/stocks/national-fertilizer-ltd) ₹2,877 crore
4. [Southern Petrochemicals Industries Corporation Ltd](https://www.sectoralpha.in/stocks/southern-petrochemicals-industries-corporation-ltd) ₹1,133 crore
5. [Madras Fertilizers Ltd](https://www.sectoralpha.in/stocks/madras-fertilizers-ltd) ₹832 crore
6. Zuari Agro Chemicals Ltd ₹775 crore
7. [Khaitan Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/khaitan-chemicals-fertilizers-ltd) ₹481 crore

[All 15 Fertilisers companies, largest first](https://www.sectoralpha.in/sectors/fertilisers#all-companies)

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4. [Mafatlal Industries Ltd](https://www.sectoralpha.in/stocks/mafatlal-industries-ltd) ₹773 crore · Textiles - Composite Mills
5. [Parin Enterprises Ltd](https://www.sectoralpha.in/stocks/parin-enterprises-ltd) ₹772 crore · Miscellaneous

## What else do people ask about Zuari Agro Chemicals? ### What were Zuari Agro Chemicals's latest quarterly results? Zuari Agro Chemicals Ltd reported revenue of ₹615 Cr and net profit of ₹119 Cr for the Jun 2026 quarter. Revenue fell 50.6% and profit fell 6.3% compared with a year earlier. Earnings per share were ₹28.17. The operating margin was 10.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Zuari Agro Chemicals's market cap? Zuari Agro Chemicals Ltd's market capitalisation is ₹777 Cr at a share price of ₹184.43. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Zuari Agro Chemicals performing? Zuari Agro Chemicals Ltd's share price has been falling for 34 weeks. In its latest quarter, revenue fell 50.6% and profit fell 6.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Zuari Agro Chemicals's share price go up? This page does not forecast Zuari Agro Chemicals Ltd's share price. What it shows instead: the share price is ₹184.43, and it has been falling for 34 weeks. Its P/E of 2.5× is higher than 7% of its own last 8 years (as of 3 November 2026). ### Who owns Zuari Agro Chemicals? Promoters own 65.2% of Zuari Agro Chemicals Ltd, foreign institutions 1.9%, domestic institutions 0.1% and the public 32.8% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Zuari Agro Chemicals have too much debt? Zuari Agro Chemicals Ltd has a moderate amount of debt: its debt is 0.31× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹642 Cr against equity of ₹2,089 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### What is Zuari Agro Chemicals's capex? Zuari Agro Chemicals Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹1,544 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹256 Cr (as of 3 November 2026). ### Where is Zuari Agro Chemicals in its business cycle? Zuari Agro Chemicals Ltd's FY26 operating margin was 10.0%, against a 13-year range of −11.0% to 10.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Zuari Agro Chemicals story? The main question: yearly earnings per share moved +458.2% while the share price moved −27.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Zuari Agro Chemicals a stock worth studying right now? What the numbers show: Zuari Agro Chemicals Ltd's P/E is near the low end of its own history, higher than only 7% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.