Zuari Industries share price today

Zuari Industries Ltd's share price was ₹239.87 at the close on 4 November 2026. It has been falling for 1 week. That is 10.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹218 and ₹340, and at that close it sat 18% 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 Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +163% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. 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.

Three changes stood out: profit grew again in the June 2026 quarter, revenue up on a year earlier for 7 quarters in a row and highest quarterly revenue in 15 quarters.

1. Profit grew again in the June 2026 quarter

   Profit was ₹0 crore, +110.4% on a year earlier (₹-0 crore), after 2 quarters of decline.

   Why: Profit improved because the real estate business earned more and its loss shrank.

   Next results: check whether cash from Dubai and the partner company comes in and cuts debt.

   From the earnings call on 17 Aug 2026.

2. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹312 crore, +21.2% on a year earlier.

   Why: Revenue rose because sugar sales volumes and prices improved.

   Next results: check whether sugar prices stay high enough to lift the price it gets.

   From the earnings call on 17 Aug 2026.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹312 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Revenue hit a record because sugar sales volumes and prices improved.

   From the earnings call on 17 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Zuari Industries reported revenue of ₹312 crore, up 21.2% from ₹257 crore a year earlier, and a profit of ₹0.05 crore, against a loss of ₹0.48 crore a year earlier.

Zuari Industries 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).

Zuari Industries' management discussed these results on a call held on 17 August 2026; what it said is further down this page.

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

Zuari Industries closed at ₹239.87 on 4 November 2026, down 22.2% from ₹308.35 a year earlier (7 November 2025) and up 64.2% over five years. Its highest weekly close since March 2016 was ₹397.90 on 12 July 2024.

Zuari Industries 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.

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

4 Nov 2026: Zuari Industries closed at ₹239.87, up 1.4% on the week and down 14.9% on the month. 11 Sep 2026: ex-date for a dividend of ₹1 a share, record date 14 Sep 2026.

Earlier

• 17 Aug 2026: Zuari Industries held its results call for April to June 2026. Management guided: Dubai profit repatriation about ₹900 crore in FY27; ₹143 crore received and the balance remains on track.
• Results for April to June 2026: Revenue up 21.2% on a year earlier.

Zuari Industries paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.42% at the ₹239.87 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 11 September 2026.

Zuari Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Zuari Industries Ltd paid out 3% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 13 reported years. 10 of those years show a negative figure because profit itself was negative.

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

On the call for April to June 2026, held on 17 August 2026, Zuari Industries' management guided: Dubai profit repatriation about ₹900 crore in FY27; ₹143 crore received and the balance remains on track.

“We now have reasonable experience in the sector. We can set up distilleries and buy distilleries, but we will have to wait until we have clarity on the demand side.”Athar Shah, on the call for April to June 2026

What management guided

• Dubai customer collections: approximately 40-45% of customer collections expected after completion-certificate demands; most real-estate segment assets to realize within 1-2 quarters.
• Capital allocation: ₹258 crore of Zuari Agro repayment expected in the current quarter; up to ₹150 crore purchase from Zuari International in one or more tranches.
• Ethanol capacity expansion toward 1,000 KLPD remains paused until OMC demand, blending policy and undercapacity improve; company will participate in October tenders.
• Sugar realizations expected to benefit from current pricing; next-season cane production expected robust if weather and disease cooperate.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 17 August 2026.

When Zuari Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Dubai and associate cash receipts to appear in cash flow and reduce debt next quarter.

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

Zuari Industries Ltd earned ₹0.1 Cr of net profit in the Jun 2026 quarter. Full-year FY26 profit was ₹106 Cr. That is 0.0% of the quarter's revenue. The same quarter a year earlier lost ₹0.5 Cr. 8 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.

Zuari Industries Ltd reported ₹312 Cr of revenue in the Jun 2026 quarter, +21.2% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 6.6% a year on average. The last full year, FY26, came in at ₹1,045 Cr.

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

The last four reported quarters add to ₹1,099 Cr.

FY26 revenue was ₹1,045 Cr, +7.7% on the year before.

Recent pace: the last four quarters grew +9.7% on average, against 6.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.7%, against +12.2% a year over the last 8 quarters (stabilising).

Zuari Industries Ltd's operating margin was 4.5% in the Jun 2026 quarter, 5.3 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 −34.0% and 7.0%. 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 −5.3 percentage points on the year while gross margin changed −7.7 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, 43% of Zuari Industries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹144 Cr of operating cash against ₹106 Cr of profit. After ₹36.0 Cr of spending on assets, ₹108 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: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Zuari Industries Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹1,045 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹62.0 Cr on assets over the last 3 years.

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.

Averaged over those years that is 2.0% of FY26 revenue a year.

Spending on assets: ₹62.0 Cr over the last 3 years, against ₹86.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Zuari Industries Ltd's P/E is 6.2×, near the low end of its own history: it has been lower only 33% of the time. Its usual P/E (the middle reading) is 7.5×, over 4.9 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.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹36.44.

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.