ZUARI INDUSTRIES LIMITED (ZUARIIND) Fair Value & Analysis

Industrials · IN · Market cap ₹7.9B

Below-average quality, screening 102% undervalued on our models.

What matters now

• The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case (₹388.57). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹74.48 – ₹412.83 · fair‑value band ₹388.57 – ₹518.10 · the ₹256.45 price screens below the ₹518.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ZUARI INDUSTRIES LIMITED (ZUARIIND) currently trades at ₹256.45, while our model-based Fair Value estimate is ₹518.10, implying the stock looks roughly 102.0% undervalued today. The Quality Score stands at 40/100 (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 Aug 13, 2026

Our scenario range runs from ₹388.57 (bear case) to ₹518.10 (bull case); at ₹256.45, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 102%, ZUARIIND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Economic Profit (₹820.40) versus Dividend Discount (₹17.81). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

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.

Full company description

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, manpower outsourcing, and related services. The company also provides HR solutions, consumer food trading, and insurance; depository participant services; and mutual fund products. The company was formerly known as Zuari Global Limited and changed its name to Zuari Industries Limited in June 2022. Zuari Industries Limited was incorporated in 1967 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

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.

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Peer Group

Conglomerates · 383 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Conglomerates median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.