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Zuari Industries Limited (ZUARIIND) Fair Value & Analysis

Industrials · IN · Market cap ₹7.9B

ZI Zuari Industries Limited ZUARIIND · NSE
Price₹264.40
Fair Value₹528.80
Upside+100.0%
Quality43/100
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Evidence: High Range ₹396.60 – ₹661.01

Fair value as of: Jul 3, 2026

From 15 valuation models · updated today

Share price +2.8% over the past month.

Price vs Fair Value (12 months)

₹403.90 ₹213.30 Fair Value ₹528.80 Jul 2025 Jul 2026

12‑month range ₹213.30 – ₹403.90 · fair‑value band ₹396.60 – ₹661.01 · the ₹264.40 price screens below the ₹528.80 fair value. As of Jul 3, 2026.

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Analysis

Zuari Industries Limited (ZUARIIND) currently trades at ₹264.40, while our model-based Fair Value estimate is ₹528.80 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 43/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Zuari Industries Limited generated revenue of ₹10.4B at a net margin of 10.3%. Revenue grew 3.1% year over year. It earns a return on equity of 2.5%. Net debt stands at ₹21.9B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹10.4B
Revenue growth (YoY) +3.1%
Net margin 10.3%
Return on equity 2.5%
Free cash flow −₹129M FY2026
P/E ratio 7.3
More key figures
Operating margin 12.2%
EPS (TTM) ₹36.24
Dividend yield 0.4%
EPS growth (YoY) -100%
Net debt ₹21.9B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Zuari Industries Limited engages in agriculture, heavy engineering, infrastructure, lifestyle, and services businesses in India and internationally. It operates through the Engineering Services, Furniture, Real Estate, Sugar, Power, Financial Services, Ethanol, and Management Services segments. The Engineering Services segment offers technology, basic engineering, detailed engineering, project management, procurement, and construction services in the engineering and contracting sector. Its Furniture segment manufactures, sells, and trades furniture products. The Real Estate segment develops real estates. Its Financial services segment provides capital market related services. The Sugar segment engages in the extraction of sugar from sugar cane. Its Power segment is involved in the co-generation of power using by-product of the sugar extraction, such as bagasse. The Ethanol segment manufactures ethanol using molasses. Its Management Services segment offers management consultancy, …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Zuari Industries Limited reported revenue of ₹10.4B in FY2026 versus ₹7.2B in FY2022, a compound +9.7%/yr. Reported net income was ₹1.1B in FY2026.

Revenue +9.7%/yr
FY22 ₹7.2B
FY23 ₹9.6B
FY24 ₹8.4B
FY25 ₹9.7B
FY26 ₹10.4B
Net income
FY22 −₹358M
FY23 ₹3.1B
FY24 ₹7.1B
FY25 −₹932M
FY26 ₹1.1B

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Frequently asked questions

Is Zuari Industries Limited (ZUARIIND) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹528.80 versus a price of ₹264.40 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ZUARIIND?
Our model-based fair value for Zuari Industries Limited is ₹528.80 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹264.40.
What is the quality score of ZUARIIND?
Zuari Industries Limited has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Zuari Industries Limited (ZUARIIND)?
Zuari Industries Limited reported trailing-twelve-month revenue of about ₹10.4B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of ZUARIIND?
The net profit margin of Zuari Industries Limited is about 10.3%, meaning it keeps roughly 10.3% of revenue as net income. Based on the latest reported figures.
Does Zuari Industries Limited pay a dividend?
Zuari Industries Limited currently shows a dividend yield of about 0.38% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.