Zuari Industries Limited
ZIL is a publicly listed company and holding company of Saroj Kumar Poddar (son-in-law of Late KK Birla) led the Adventz Group, a diversified conglomerate of 26 companies having diversified operations across four major industry verticals- Agriculture...
Key Metrics
EPS
239.57
Current ratio
0.75
Debt/Equity
0.75
Debt/EBITDA
2.77
Interest coverage ratio
3.78
Operating Cashflow to total debt
0.02
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Diversified business conglomerate with experienced management and diversified income stream
Stable performance of SPE division with further improvement expected
Focus on reducing interest burden and deleveraging plans across the group through asset monetisation
Substantial amount of equity investment – acting as a safety net
History of refinancing debt at lower interest rates
Positive industry outlook by virtue of supportive government policies
Liquidity: Adequate
Cons
Significantly high debt levels
Elongated operating cycle due to seasonality
Cyclical and regulated sugar business
Industry risk of downstream companies
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About Zuari Industries Limited bond.
This comprehensive profile covers key factual information about Zuari Industries Limited. ZIL is a publicly listed company and holding company of Saroj Kumar Poddar (son-in-law of Late KK Birla) led the Adventz Group, a diversified conglomerate of 26 companies having diversified operations across four major industry verticals- Agriculture, Engineering & Infra, Lifestyle & Real Estate and Services. In its capacity as holding company, ZIL principally earned interest income from loans and advances extended to group companies, dividend income from the large portfolio of investments it held and income from its real estate project (Zuari Rain Forest Phase-1, Goa). Post April 30, 2022, Gobind Sugar Mill (GSM), one of the oldest sugar mills in Uttar Pradesh, with nearly 75 years of operations merged with ZIL. ZIL broadened to add the SPE division post-merger with a cane crushing capacity of 10,000 TCD, an ethanol distillery of 125 KLPD and a cogeneration plant of 40 MW. ZIL has also extended corporate guarantees to several subsidiaries to support their operations. EPS in Mar-2024 was 239.57. Current ratio in Mar-2024 was 0.75. Debt/Equity in Mar-2024 was 0.75. Debt/EBITDA in Mar-2024 was 2.77. Interest coverage ratio in Mar-2024 was 3.78. Operating Cashflow to total debt in Mar-2024 was 0.02. Total revenue for Mar-2025(E) was ₹2,414.17. Net income for Mar-2025(E) stood at ₹1,060.27. Total assets as of Mar-2024 were ₹7491.70. Operating cash flow for Mar-2024 was ₹71.48. The company’s borrowing relationships include Canara Bank (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Indian Renewable Energy Development Agency Limited (₹N/A Cr), DCB Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Zuari Industries Limited, Siemens Limited, Kama Holdings Limited, Balmer Lawrie and Company Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Diversified business conglomerate with experienced management and diversified income stream; Stable performance of SPE division with further improvement expected; Focus on reducing interest burden and deleveraging plans across the group through asset monetisation; Substantial amount of equity investment – acting as a safety net; History of refinancing debt at lower interest rates; Positive industry outlook by virtue of supportive government policies; Liquidity: Adequate. Key risks include: Significantly high debt levels; Elongated operating cycle due to seasonality ; Cyclical and regulated sugar business; Industry risk of downstream companies. Leadership team details include Mr.Saroj Kumar Poddar (Chairman), Mr.Sushil Kumar Roongta (Executive Director), Mr.Vijay Vyankatesh Paranjape (Independent Director), Mrs.Manju Gupta (Independent Director), Mr.Suneet Shriniwas Maheshwari (Independent Director), Mr.Athar Shahab (Managing Director), Mrs.Jyotsna Poddar (Non Executive Director), Mr.Alok Saxena (Whole Time Director), Mr.Nishant Dalal (Chief Financial Officer), Mr.Rakesh Singh (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.