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Zuari Global

NSEI:ZUARIGLOB
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZUARIGLOB
NSEI
₹2B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Zuari Global Limited engages in fertilizer, heavy engineering, infrastructure, lifestyle, and services businesses in India. The last earnings update was 3 days ago. More info.


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  • Zuari Global has significant price volatility in the past 3 months.
ZUARIGLOB Share Price and Events
7 Day Returns
-10.1%
NSEI:ZUARIGLOB
-1.5%
IN Industrials
-0.7%
IN Market
1 Year Returns
-47.2%
NSEI:ZUARIGLOB
-7.6%
IN Industrials
-12.1%
IN Market
ZUARIGLOB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zuari Global (ZUARIGLOB) -10.1% -14.7% -32% -47.2% -31.7% -25.3%
IN Industrials -1.5% -3.7% -5.7% -7.6% 4.6% 60.1%
IN Market -0.7% -3.2% -7.6% -12.1% 12.8% 24.7%
1 Year Return vs Industry and Market
  • ZUARIGLOB underperformed the Industrials industry which returned -7.6% over the past year.
  • ZUARIGLOB underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
ZUARIGLOB
Industry
5yr Volatility vs Market
Related Companies

ZUARIGLOB Value

 Is Zuari Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zuari Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zuari Global.

NSEI:ZUARIGLOB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in INR ₹ 1.000000
Payout Ratio Company Filings (2019-06-30) -960.2%
Discount Rate (Cost of Equity) See below 17%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ZUARIGLOB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Industrials Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 35%) (775.28%))
1.101
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.101 * 8.6%)
17.02%

Discounted Cash Flow Calculation for NSEI:ZUARIGLOB using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Zuari Global is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:ZUARIGLOB Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹1 / (17.02% - 7.55%)
₹5.21
NSEI:ZUARIGLOB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ZUARIGLOB represents 0.9969x of BSE:500780
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9969x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 5.24 x 0.9969
₹5.22
Value per share (INR) From above. ₹5.22
Current discount Discount to share price of ₹64.35
= -1 x (₹64.35 - ₹5.22) / ₹5.22
-1132.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Zuari Global is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zuari Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zuari Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ZUARIGLOB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹-45.59
BSE:500780 Share Price ** BSE (2019-08-19) in INR ₹64.55
India Industrials Industry PE Ratio Median Figure of 7 Publicly-Listed Industrials Companies 14.53x
India Market PE Ratio Median Figure of 2,744 Publicly-Listed Companies 13.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zuari Global.

NSEI:ZUARIGLOB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500780 Share Price ÷ EPS (both in INR)

= 64.55 ÷ -45.59

-1.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zuari Global is loss making, we can't compare its value to the IN Industrials industry average.
  • Zuari Global is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Zuari Global's expected growth come at a high price?
Raw Data
NSEI:ZUARIGLOB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Industrials Industry PEG Ratio Median Figure of 13 Publicly-Listed Industrials Companies 0.67x
India Market PEG Ratio Median Figure of 548 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zuari Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zuari Global's assets?
Raw Data
NSEI:ZUARIGLOB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹739.57
BSE:500780 Share Price * BSE (2019-08-19) in INR ₹64.55
India Industrials Industry PB Ratio Median Figure of 10 Publicly-Listed Industrials Companies 1.53x
India Market PB Ratio Median Figure of 3,660 Publicly-Listed Companies 0.87x
NSEI:ZUARIGLOB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500780 Share Price ÷ Book Value per Share (both in INR)

= 64.55 ÷ 739.57

0.09x

* Primary Listing of Zuari Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zuari Global is good value based on assets compared to the IN Industrials industry average.
X
Value checks
We assess Zuari Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Industrials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Industrials industry average (and greater than 0)? (1 check)
  5. Zuari Global has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ZUARIGLOB Future Performance

 How is Zuari Global expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zuari Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.5%
Expected Industrials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zuari Global expected to grow at an attractive rate?
  • Unable to compare Zuari Global's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zuari Global's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Zuari Global's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ZUARIGLOB Future Growth Rates Data Sources
Data Point Source Value (per year)
India Industrials Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Asia Industrials Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
India Market Earnings Growth Rate Market Cap Weighted Average 17.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ZUARIGLOB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ZUARIGLOB Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 7,549 -1,342
2019-03-31 7,742 -446 -906
2018-03-31 5,497 -1,252 -310
2017-03-31 6,052 1,086 -259

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zuari Global is high growth as no earnings estimate data is available.
  • Unable to determine if Zuari Global is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ZUARIGLOB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zuari Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ZUARIGLOB Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 -45.59
2019-03-31 -30.79
2018-03-31 -10.54
2017-03-31 -8.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zuari Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ZUARIGLOB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Zuari Global's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Zuari Global's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zuari Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zuari Global has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ZUARIGLOB Past Performance

  How has Zuari Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zuari Global's growth in the last year to its industry (Industrials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zuari Global does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Zuari Global's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Zuari Global's 1-year growth to the IN Industrials industry average as it is not currently profitable.
Earnings and Revenue History
Zuari Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zuari Global Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ZUARIGLOB Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 7,548.76 -1,342.20 905.34
2019-03-31 7,741.89 -906.40 876.66
2018-03-31 5,496.65 -310.44 750.68
2017-03-31 6,052.05 -258.79 951.19
2016-03-31 5,534.24 -439.73 942.35
2015-03-31 5,254.48 -262.50 1,039.29
2014-03-31 6,425.39 -11.96 1,324.49
2013-03-31 3,986.65 158.51 1,432.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Zuari Global has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Zuari Global has efficiently used its assets last year compared to the IN Industrials industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Zuari Global improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Zuari Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Industrials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zuari Global has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ZUARIGLOB Health

 How is Zuari Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zuari Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zuari Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zuari Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zuari Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zuari Global Company Filings, last reported 1 month ago.

NSEI:ZUARIGLOB Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 22,165.84 14,710.44 501.25
2019-03-31 22,165.84 14,710.44 501.25
2018-03-31 24,180.08 11,529.80 394.19
2017-03-31 19,335.66 8,262.12 450.46
2016-03-31 18,075.74 7,596.64 1,136.40
2015-03-31 7,536.94 6,229.41 1,584.78
2014-03-31 7,084.73 2,281.07 1,120.42
2013-03-31 7,013.39 708.22 2,426.76
  • Zuari Global's level of debt (66.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.5% vs 66.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Zuari Global has less than a year of cash runway based on current free cash flow.
  • Zuari Global has less than a year of cash runway if free cash flow continues to grow at historical rates of 91% each year.
X
Financial health checks
We assess Zuari Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zuari Global has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ZUARIGLOB Dividends

 What is Zuari Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.55%
Current annual income from Zuari Global dividends.
If you bought ₹2,000 of Zuari Global shares you are expected to receive ₹31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Zuari Global's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Zuari Global's dividend is below the markets top 25% of dividend payers in India (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ZUARIGLOB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Industrials Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1442 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ZUARIGLOB Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-13 1.000 1.496
2018-05-25 1.000 0.926
2017-05-22 1.000 0.601
2016-05-16 1.000 0.945
2016-05-13 1.000 0.938
2015-05-15 1.000 1.092
2014-09-01 1.000 1.017
2013-05-09 2.000 3.028
2012-08-09 2.000 1.994
2012-05-09 2.000 1.498
2011-08-19 4.500 1.102
2011-05-09 4.500 0.687
2010-05-10 4.500 0.652
2009-05-15 3.000 0.791

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Zuari Global's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zuari Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zuari Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zuari Global has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ZUARIGLOB Management

 What is the CEO of Zuari Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Narayanan Krishnan
COMPENSATION ₹22,935,000
AGE 55
TENURE AS CEO 4.3 years
CEO Bio

Mr. Narayanan Suresh Krishnan, B.E. (Hons.), M.Sc. has been Managing Director of Mangalore Chemicals & Fertilizers Limited since January 1, 2016. Mr. Krishnan has been the Managing Director of Zuari Global Limited since April 01, 2015 and has been its Executive Director since January 21, 2011. He served as Managing Director of Zuari Industries Limited (now Zuari Global Limited) since February 2011 to March 31, 2012 and Zuari Maroc Phosphates Limited. He served as Executive President of Zuari Industries Limited for three and a half years, responsible for its fertiliser business. Other senior positions held by him earlier, include Chief Financial Officer of Zuari Industries and of Zuari Cements Limited. He served as Managing Director of Zuari Agro Chemicals Limited (formerly Zuari Holdings) from April 01, 2012 to March 31, 2015 and also served as its Chairman. He served as Vice President of Finance and Vice President of Strategic Planning at Zuari Global Limited. With 28 years of corporate experience in fertilisers, energy and cement sectors, he has been associated with Zuari Group for over two decades. His functional experience spans corporate finance, corporate strategy, projects planning, operations and business development. Over the years, he is instrumental in financing of large greenfield projects in the domestic and international markets, forging and managing joint ventures and acquisitions and in executing turnaround strategies alongside day-to-day operations in the manufacturing sector. He has been an Additional Director at Texmaco Infrastructure & Holdings Limited since October 01, 2016. He serves as a Director of Zuari Seeds Ltd. He has been a Director of Mangalore Chemicals & Fertilizers Limited since September 29, 2015 and Gobind Sugar Mills Ltd. since August 21, 2012. He serves as on the Board of Directors of several Zuari group companies and joint ventures including Zuari Agro Chemicals Limited, Zuari Investments Limited, Indian Furniture Products Limited, Zuari Infraworld India Limited, Zuari Fertilisers and Chemicals Limited, Zuari Maroc Phosphates Limited and Simon India Limited. He is an alumnus of BITS (Pilani).

CEO Compensation
  • Narayanan's compensation has increased whilst company is loss making.
  • Narayanan's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Zuari Global management team in years:

4.3
Average Tenure
69
Average Age
  • The tenure for the Zuari Global management team is about average.
Management Team

Narayanan Krishnan

TITLE
MD & Executive Director
COMPENSATION
₹23M
AGE
55
TENURE
4.3 yrs

Jyotsna Poddar

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
69

Vijay Kathuria

TITLE
Chief Financial Officer
COMPENSATION
₹7M
TENURE
3.5 yrs

Sachin Patil

TITLE
Assistant Company Secretary & Compliance Officer
COMPENSATION
₹644K

George Ninan

TITLE
Chief General Manager of Human Resources

Sharad Nandurdikar

TITLE
Managing Director of Simon India Limited
COMPENSATION
₹5M
AGE
72

V. Rao

TITLE
President of Seed Division
COMPENSATION
₹3M
AGE
60
TENURE
10.7 yrs

Alok Banerjee

TITLE
Chief Executive Officer of Zuari Infraworld India Limited

Rangachari Raghavan

TITLE
Managing Director of Gobind Sugar Mills Limited
AGE
69

Praveen Malhotra

TITLE
Principal Officer of Zuari Insurance Brokers Limited
COMPENSATION
₹1M
Board of Directors Tenure

Average tenure and age of the Zuari Global board of directors in years:

8.6
Average Tenure
66
Average Age
  • The tenure for the Zuari Global board of directors is about average.
Board of Directors

Saroj Poddar

TITLE
Chairman of the Board
COMPENSATION
₹230K
AGE
74
TENURE
26.3 yrs

Narayanan Krishnan

TITLE
MD & Executive Director
COMPENSATION
₹23M
AGE
55
TENURE
8.6 yrs

Jyotsna Poddar

TITLE
Whole-Time Director
COMPENSATION
₹7M
AGE
69
TENURE
7.3 yrs

Marco Philippus Wadia

TITLE
Independent Non-Executive Director
COMPENSATION
₹520K
AGE
63
TENURE
26.3 yrs

Jayant Godbole

TITLE
Independent Non-Executive Director
COMPENSATION
₹505K
AGE
74
TENURE
2.9 yrs

Akshay Poddar

TITLE
Director of Zuari Agro Chemical Limited
COMPENSATION
₹15K
AGE
43
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Zuari Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zuari Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ZUARIGLOB News

Simply Wall St News

Investors Who Bought Zuari Global (NSE:ZUARIGLOB) Shares A Year Ago Are Now Down 31%

Unfortunately the Zuari Global Limited (NSE:ZUARIGLOB) share price slid 31% over twelve months. … Zuari Global grew its revenue by 41% over the last year. … We've already covered Zuari Global's share price action, but we should also mention its total shareholder return (TSR).

Simply Wall St -

Is Zuari Global Limited (NSE:ZUARIGLOB) Overpaying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Zuari Global Limited has a market cap of ₹2.6b, and is paying total annual CEO compensation of ₹22m. … We compared total CEO remuneration at Zuari Global Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Is Zuari Global Limited (NSE:ZUARIGLOB) An Attractive Dividend Stock?

Is Zuari Global Limited (NSE:ZUARIGLOB) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Is Zuari Global Limited's (NSE:ZUARIGLOB) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Zuari Global Limited has a market capitalization of ₹3.1b, and pays its CEO total annual compensation worth ₹22m? … We looked at a group of companies with market capitalizations under ₹14b, and the median CEO total compensation was ₹1.2m..

Simply Wall St -

If You Had Bought Zuari Global Shares Five Years Ago You'd Have Made 55%

Unfortunately for shareholders, while the Zuari Global Limited (NSE:ZUARIGLOB) share price is up 55% in the last five years, that's less than the market return. … In the last 5 years Zuari Global saw its revenue grow at 3.5% per year. … It's probably fair to say that the modest growth is reflected in the modest share price gain of 9.2% per year.

Simply Wall St -

Should Zuari Global Limited's (NSE:ZUARIGLOB) Recent Earnings Decline Worry You?

Today I will assess ZUARIGLOB's latest performance announced on 31 March 2018 and compare these figures to its longer term trend and industry movements. … Was ZUARIGLOB's recent earnings decline worse than the long-term trend and the industry. … ZUARIGLOB is loss-making, with the most recent trailing twelve-month earnings of -₹280.8m (from 31 March 2018), which compared to last year has become.

Simply Wall St -

Is Zuari Global Limited's (NSE:ZUARIGLOB) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Zuari Global Limited (NSE:ZUARIGLOB), with a market cap of ₹3.5b. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Do Directors Own Zuari Global Limited (NSE:ZUARIGLOB) Shares?

Every investor in Zuari Global Limited (NSE:ZUARIGLOB) should be aware of the most powerful shareholder groups. … Zuari Global is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Our Take On Zuari Global Limited's (NSE:ZUARIGLOB) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … Krishnan's Compensation Compare With Similar Sized Companies. … Our data indicates that Zuari Global Limited is worth ₹3.3b, and total annual CEO compensation is ₹22m?

Simply Wall St -

Should Zuari Global Limited's (NSE:ZUARIGLOB) Recent Earnings Decline Worry You?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Zuari Global Limited (NSE:ZUARIGLOB) useful as an attempt to give more color around how Zuari Global is currently performing. … However, the company's loss seem to be contracting over the medium term, with the five-year earnings average of -₹468m

Simply Wall St -

ZUARIGLOB Company Info

Description

Zuari Global Limited engages in fertilizer, heavy engineering, infrastructure, lifestyle, and services businesses in India. The company operates through Fertilizer, Engineering Services, Furniture, Real Estate, Investment Services, Sugar, Power, and Others segments. It offers technology, basic engineering, detailed engineering, project management, procurement, and construction services in the engineering and contracting sector; manufactures, sells, and trades in furniture products; develops real estate projects; and offers capital market related services. The company also manufactures and sells sugar and its by products; generates power; and provides terminalling services. In addition, it offers management services; commodity trading services; distributes financial products; and acts as an insurance broker to individuals and corporates. The company was formerly known as Zuari Industries Limited and changed its name to Zuari Global Limited in June 2012. Zuari Global Limited was incorporated in 1967 and is based in Sancoale, India.

Details
Name: Zuari Global Limited
ZUARIGLOB
Exchange: NSEI
Founded: 1967
₹1,897,446,927
29,440,604
Website: http://www.adventz.com
Address: Zuari Global Limited
Jai Kisaan Bhawan,
Zuarinagar,
Sancoale,
Goa, 403726,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500780 Equity Shares Mumbai Stock Exchange IN INR 12. Apr 1995
NSEI ZUARIGLOB Equity Shares National Stock Exchange of India IN INR 12. Apr 1995
Number of employees
Current staff
Staff numbers
0
Zuari Global employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 12:47
End of day share price update: 2019/08/19 00:00
Last earnings filing: 2019/08/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.