# Zuari Industries share price today (Zuari Industries Ltd, NSE: ZUARIIND)

> Zuari Industries share price today: ₹240.11 at the NSE close on 3 November 2026, down 28.3% in a year. Zuari Industries (NSE: ZUARIIND) is worth ₹714 crore, trades at a P/E of 6.2 and has closed between ₹217.85 and ₹339.70 over the past 52 weeks. > Zuari Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ZUARIIND · Sugar · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/zuari-industries-ltd

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## Key numbers

- Price: ₹240.11 (−28.3% in a year)
- P/E: 6.2× (lower than 67% of the last 4.9 years)
- Revenue (Jun 2026): ₹312 Cr (+21.2% on a year ago)
- Profit (Jun 2026): ₹0.1 Cr
- Operating margin: 4.5% (−5.3 points on a year ago)
- ROCE: 5%, FY26

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Zuari Industries share price today? Zuari Industries Ltd's share price was ₹240.11 at the close on 3 November 2026. It has been falling for 1 week. That is 10.8% 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. 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. ## What changed at Zuari Industries this quarter? 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. ## What are Zuari Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹312 crore | ₹257 crore | +21.2% |
| Profit | ₹0.05 crore | loss of ₹0.48 crore | n/a |
| Earnings per share | ₹0.20 | ₹0.02 | +900.0% |
| Operating margin | 4.5% | 9.8% | −5.3 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). 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.)

## What is the Zuari Industries share price history? Zuari Industries closed at ₹240.11 on 3 November 2026, down 28.3% from ₹334.90 a year earlier (31 October 2025) and up 64.3% over five years. Its highest weekly close since March 2016 was ₹397.90 on 12 July 2024. ### Zuari Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹237.45 | +1.1% |
| 1 month ago · 1 Oct 2026 | ₹281.85 | −14.8% |
| 6 months ago · 30 Apr 2026 | ₹262.41 | −8.5% |
| 1 year ago · 31 Oct 2025 | ₹334.90 | −28.3% |
| 3 years ago · 3 Nov 2023 | ₹145.90 | +64.6% |
| 5 years ago · 4 Nov 2021 | ₹146.10 | +64.3% |
| 10 years ago · 4 Nov 2016 | ₹97.40 | +146.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹91.35 | +162.8% |
| Highest weekly close since March 2016 · 12 Jul 2024 | ₹397.90 | −39.7% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹26.00 | +823.5% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹339.70 | −29.3% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹217.85 | +10.2% |

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. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Zuari Industries? 3 Nov 2026: Zuari Industries closed at ₹240.11, up 1.1% on the week and down 14.8% 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. ## What dividend does Zuari Industries pay? Zuari Industries paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.42% at the ₹240.11 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 11 September 2026. ### Zuari Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 11 Sep 2026 | ₹1 | Dividend | 14 Sep 2026 |
| 17 Sep 2025 | ₹1 | Dividend | same day |
| 20 Sep 2024 | ₹1 | Dividend | n/a |
| 21 Sep 2023 | ₹1 | Dividend | same day |
| 20 Sep 2022 | ₹1 | Dividend | 21 Sep 2022 |
| 24 Nov 2021 | ₹2 | Interim | 25 Nov 2021 |
| 27 Apr 2021 | ₹1 | Interim | 28 Apr 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Zuari Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/375/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 17 August 2026.)

## What to watch in Zuari Industries' next results? 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. - What to check (from the call)
- Dubai and associate cash receipts to appear in cash flow and reduce debt next quarter. - October OMC tender outcome to determine ethanol allocation, utilization and whether expansion capital spending remains paused. - Hyderabad and Bangalore DM launches to occur, with early sales traction and additional mandates the next progress check. - Furniture revival partner or year-end resolution to determine whether residual losses continue. ## Which stock lists is Zuari Industries on? Zuari Industries is not on any of our India lists this week. ## Is Zuari Industries profitable? 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. ## How much revenue does Zuari Industries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Zuari Industries keep? 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. 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. ## Is Zuari Industries' profit turning into cash? 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. 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. ## Where does Zuari Industries' cash go? 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. 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. ## What is Zuari Industries' P/E ratio, and how does it compare with its own history? 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. 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. Where the price move came from: over 5 years the price moved +10.4% a year; about +38.5% a year came from earnings growth and about −28.1 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. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 94% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Zuari Industries business getting better or worse? Zuari Industries Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Zuari Industries earn on its capital? Zuari Industries Ltd earned a ROCE of 5% in FY26. That is up from a low of −5% in FY20. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 10.1% net margin and 0.15× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.1% net margin × 0.15× asset turnover × 2.01× leverage (assets divided by equity) ≈ 3.0% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 94% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Zuari Industries have too much debt? Zuari Industries Ltd had ₹2,657 Cr of borrowings against ₹3,563 Cr of equity in FY26, so its debt is 0.75× its equity. Its operating profit is 0 times its interest bill. Over 5 years borrowings went from ₹2,288 Cr to ₹2,657 Cr. Over the last 3 of those years it spent ₹62.0 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 94% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Zuari Industries shareholding pattern? No group of Zuari Industries Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.2 points over the same period, to 1.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.3 points over 8 quarters, to 1.2%; Foreign institutions: −0.2 points over 8 quarters, to 1.2%; Promoters: +0.0 points over 8 quarters, to 56.7%. ## How far is Zuari Industries from balance-sheet trouble? For Zuari Industries 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 Industries rank in its industry? 43.0 out of 100, rank 21 of 21 in Sugar, with 49% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Zuari Industries Ltd scores 43.0 out of 100 against the 21 companies it is compared with in Sugar, ranking 21. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 17.1 + 5.8 + 11.5 + 8.6 = 43. 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 Industries compared with? Zuari Industries ranks 21 of 21 Sugar companies on the 4-Factor Sector Score, with 43.0 out of 100. 1. [Andhra Sugars Ltd](https://www.sectoralpha.in/stocks/andhra-sugars-ltd) ANDHRSUGAR · losing its lead · Most evidence points up · 96% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/35 · Revenue 16.5% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 13.8/25 · ROCE 8.4% · Operating margin 12% · 100% evidence Valuation 15.7/20 · P/E 9.1× · PEG 0.68 · 100% evidence Relative strength 6.1/20 · Lead over its industry -3% · Lead over NIFTY 500 -0.5% · 1 year -3.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 29.8 + 13.8 + 15.7 + 6.1 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -3% and the one-year return is -3.3%. 2. [Dhampur Sugar Mills Ltd](https://www.sectoralpha.in/stocks/dhampur-sugar-mills-ltd) DHAMPURSUG · breaking out · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 1.3% · Profit 36.3% · Operating margin change 1.3 points · 88% evidence Capital efficiency 9.6/25 · ROCE 6.4% · Operating margin 5.7% · 100% evidence Valuation 11.9/20 · P/E 14.6× · PEG 0.51 · 100% evidence Relative strength 18.8/20 · Lead over its industry 15.4% · Lead over NIFTY 500 17.9% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.3 + 9.6 + 11.9 + 18.8 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [DCM Shriram Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-ltd) DCMSHRIRAM · quiet · Evidence leans up · 100% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 13.8% · Profit 93.7% · Operating margin change -2 points · 100% evidence Capital efficiency 15.4/25 · ROCE 11.5% · Operating margin 7% · 100% evidence Valuation 18.1/20 · P/E 10.4× · PEG 0.44 · 100% evidence Relative strength 2.3/20 · Lead over its industry -18.9% · Lead over NIFTY 500 -16.1% · 1 year -31.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 15.4 + 18.1 + 2.3 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Dhampur Bio Organics Ltd](https://www.sectoralpha.in/stocks/dhampur-bio-organics-ltd) DBOL · breaking out · Evidence leans up · 78% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 8% · Profit 100% · Operating margin change -0.1 points · 65% evidence Capital efficiency 7.7/25 · ROCE 5% · Operating margin 1.7% · 100% evidence Valuation 10.3/20 · P/E 30.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 14% · Lead over NIFTY 500 16.4% · 1 year 48.7% · 100% evidence · 9 of 12 weeks ahead Exact sum: 21 + 7.7 + 10.3 + 17.2 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [EID Parry (India) Ltd](https://www.sectoralpha.in/stocks/eid-parry-indialtd) EIDPARRY · quiet · Evidence leans up · 63% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 15.7% · Profit -38.9% · Operating margin change -1 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 13.2× · PEG n/a · 50% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -23.7% · 1 year -44% · 25% evidence · 2 of 12 weeks ahead Exact sum: 16.8 + 17.9 + 11.9 + 7.9 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [M.V.K. Agro Food Product Ltd](https://www.sectoralpha.in/stocks/mvk-agro-food-product-ltd) MVKAGRO · basing · Evidence leans up · 64% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 127.3% · Profit 267.2% · Operating margin change -7.5 points · 88% evidence Capital efficiency 16.8/25 · ROCE 14.4% · Operating margin 10.8% · 100% evidence Valuation 9.6/20 · P/E 23.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -48.8% · 1 year -56.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.5 + 16.8 + 9.6 + 7.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ugar Sugar Works Ltd](https://www.sectoralpha.in/stocks/ugar-sugar-works-ltd) UGARSUGAR · breaking out · Evidence leans up · 76% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue -0.7% · Profit 100% · Operating margin change -0.7 points · 74% evidence Capital efficiency 11.0/25 · ROCE 9% · Operating margin -2.9% · 100% evidence Valuation 12.6/20 · P/E 16.7× · PEG 0.77 · 100% evidence Relative strength 10.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.2% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19 + 11 + 12.6 + 10 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [DCM Shriram Industries Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-industries-ltd) DCMSRIND · Evidence leans up · 76% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/43.75 · Revenue -3.7% · Profit -50% · Operating margin change -7.8 points · 88% evidence Capital efficiency 19.8/31.25 · ROCE 13.7% · Operating margin 0.9% · 100% evidence Valuation 15.7/25 · P/E 8.2× · PEG 0.5 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 16.4 + 19.8 + 15.7 = 51.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 9. [Balrampur Chini Mills Ltd](https://www.sectoralpha.in/stocks/balrampur-chini-mills-ltd) BALRAMCHIN · leader · Evidence leans up · 96% evidence 51.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 15% · Profit -11.2% · Operating margin change -2 points · 88% evidence Capital efficiency 13.3/25 · ROCE 9.3% · Operating margin 7% · 100% evidence Valuation 9.6/20 · P/E 33.6× · PEG 0.46 · 100% evidence Relative strength 12.8/20 · Lead over its industry 13% · Lead over NIFTY 500 15.4% · 1 year 28.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.5 + 13.3 + 9.6 + 12.8 = 51.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Triveni Engineering and Industries Ltd](https://www.sectoralpha.in/stocks/triveni-engineering-and-industries-ltd) TRIVENI · turning · Evidence leans up · 78% evidence 50.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 4% · Profit 29.1% · Operating margin change 1 points · 83% evidence Capital efficiency 12.2/25 · ROCE 9% · Operating margin 3.4% · 76% evidence Valuation 9.5/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 8.3/20 · Lead over its industry -2.7% · Lead over NIFTY 500 0.1% · 1 year 4.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.7 + 12.2 + 9.5 + 8.3 = 50.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Dalmia Bharat Sugar & Industries Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-sugar-industries-ltd) DALMIASUG · leader · Evidence leans down · 96% evidence 49.6 out of 100 Growth Capital Valuation Relative
12. [Avadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/avadh-sugar-energy-ltd) AVADHSUGAR · leader · Evidence leans down · 88% evidence 49.2 out of 100 Growth Capital Valuation Relative
13. [Uttam Sugar Mills Ltd](https://www.sectoralpha.in/stocks/uttam-sugar-mills-ltd) UTTAMSUGAR · breaking out · Evidence leans down · 68% evidence 47.2 out of 100 Growth Capital Valuation Relative
14. [Dwarikesh Sugar Industries Ltd](https://www.sectoralpha.in/stocks/dwarikesh-sugar-industries-ltd) DWARKESH · breaking out · Evidence leans down · 84% evidence 45.2 out of 100 Growth Capital Valuation Relative
15. [Magadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/magadh-sugar-energy-ltd) MAGADSUGAR · breaking out · Evidence leans down · 88% evidence 38.8 out of 100 Growth Capital Valuation Relative
16. [Davangere Sugar Company Ltd](https://www.sectoralpha.in/stocks/davangere-sugar-company-ltd) DAVANGERE · Too little evidence to rank firmly · 59% evidence 38.5 out of 100 Growth Capital Valuation Relative
17. [Bajaj Hindusthan Sugar Ltd](https://www.sectoralpha.in/stocks/bajaj-hindusthan-sugar-ltd) BAJAJHIND · breaking out · Most evidence points down · 63% evidence 34.1 out of 100 Growth Capital Valuation Relative
18. [Shree Renuka Sugars Ltd](https://www.sectoralpha.in/stocks/shree-renuka-sugars-ltd) RENUKA · quiet · Most evidence points down · 71% evidence 33.4 out of 100 Growth Capital Valuation Relative
19. [Bannari Amman Sugars Ltd](https://www.sectoralpha.in/stocks/bannari-amman-sugars-ltd) BANARISUG · quiet · Most evidence points down · 96% evidence 29.7 out of 100 Growth Capital Valuation Relative
20. [Godavari Biorefineries Ltd](https://www.sectoralpha.in/stocks/godavari-biorefineries-ltd) GODAVARIB · quiet · Most evidence points down · 71% evidence 28.6 out of 100 Growth Capital Valuation Relative
21. Zuari Industries Ltd this page ZUARIIND · quiet · Too little evidence to rank firmly · 49% evidence 43.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/35 · Revenue 9.7% · Profit 100% · Operating margin change -5.3 points · 62% evidence Capital efficiency 5.8/25 · ROCE 5.5% · Operating margin 4.5% · 76% evidence Valuation 11.5/20 · P/E 6.1× · PEG n/a · 15% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -8.3% · 1 year -29.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 17.1 + 5.8 + 11.5 + 8.6 = 43 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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: [Sugar](https://www.sectoralpha.in/sectors/sugar), all 21 compared on one page. ## Which companies are close to Zuari Industries in size? Zuari Industries is the 18th largest of 21 Sugar companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Dhampur Bio Organics, Dwarikesh Sugar Industries and Magadh Sugar & Energy. Just below it: Davangere Sugar Company, DCM Shriram Industries and Ugar Sugar Works. ### Sugar companies close in size

1. [Dhampur Bio Organics Ltd](https://www.sectoralpha.in/stocks/dhampur-bio-organics-ltd) ₹779 crore
2. [Dwarikesh Sugar Industries Ltd](https://www.sectoralpha.in/stocks/dwarikesh-sugar-industries-ltd) ₹760 crore
3. [Magadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/magadh-sugar-energy-ltd) ₹712 crore
4. Zuari Industries Ltd ₹705 crore
5. [Davangere Sugar Company Ltd](https://www.sectoralpha.in/stocks/davangere-sugar-company-ltd) ₹499 crore
6. [DCM Shriram Industries Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-industries-ltd) ₹498 crore
7. [Ugar Sugar Works Ltd](https://www.sectoralpha.in/stocks/ugar-sugar-works-ltd) ₹463 crore

[All 21 Sugar companies, largest first](https://www.sectoralpha.in/sectors/sugar#all-companies)

### Companies close in size in other industries

1. [Hitech Corporation Ltd](https://www.sectoralpha.in/stocks/hitech-corporation-ltd) ₹708 crore · Packaging - Plastic Containers
2. [Shree Rama Multi-Tech Ltd](https://www.sectoralpha.in/stocks/shree-rama-multi-tech-ltd) ₹708 crore · Packaging - Laminates
3. Zuari Industries Ltd ₹705 crore
4. [Kilitch Drugs (India) Ltd](https://www.sectoralpha.in/stocks/kilitch-drugs-indialtd) ₹704 crore · Pharma - Formulators
5. [B C C Fuba India Ltd](https://www.sectoralpha.in/stocks/b-c-c-fuba-india-ltd) ₹702 crore · Electronics - Others

## What else do people ask about Zuari Industries? ### What is Zuari Industries's share price today? Zuari Industries Ltd's share price is ₹240.11, −28.3% over the past year. The whole company is worth ₹714 Cr on the market. In the last 52 weeks it traded between ₹218 to ₹340; today it is 18% of the way up from the low, 10.8% below its 200-day average (as of 3 November 2026). ### What were Zuari Industries's latest quarterly results? Zuari Industries Ltd reported revenue of ₹312 Cr and net profit of ₹0.1 Cr for the Jun 2026 quarter. Earnings per share were ₹0.20. The operating margin was 4.5%, 5.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Zuari Industries's market cap? Zuari Industries Ltd's market capitalisation is ₹714 Cr at a share price of ₹240.11. 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 Industries performing? Zuari Industries Ltd's share price has been falling for 1 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Zuari Industries's share price go up? This page does not forecast Zuari Industries Ltd's share price. What it shows instead: the share price is ₹240.11, and it has been falling for 1 weeks. Its P/E of 6.2× is higher than 33% of its own last 5 years (as of 3 November 2026). ### Who owns Zuari Industries? Promoters own 56.7% of Zuari Industries Ltd, foreign institutions 1.2%, domestic institutions 1.2% and the public 40.8% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Zuari Industries in its business cycle? Zuari Industries Ltd's FY26 operating margin was 7.0%, against a 13-year range of −34.0% to 7.0%: 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 4.5%. 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 Industries story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. 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 Industries a stock worth studying right now? What the numbers show: Zuari Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. 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). ### Is there a Zuari Industries share price forecast for 2026? What management itself guided: Dubai profit repatriation about ₹900 crore in FY27; ₹143 crore received and the balance remains on track. This is research, not advice. We’re not SEBI-registered.