ZFCVINDIAAutomobile and Auto Components

ZF Commercial Vehicle Control Systems India Limited

Auto Components & Equipments · ISIN INE342J01019 · BSE 533023 · NSE EQ · FV ₹5
Last price
₹2,445
-0.66%today
What this company does

ZF Commercial Vehicle Control Systems India Limited operates in Auto Components & Equipments, part of the Automobile and Auto Components sector. It booked ₹1,066 cr of revenue in its latest quarter (Q1 FY27) and kept 9.8% of sales as profit.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 37–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet97

How much it owes, and whether earnings cover the interest

Cash quality69

Whether reported profit actually arrives as cash

Growth & consistency40

Whether sales and profit have grown, and how steadily

Valuation25

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 9% vs last year
Promoters hold 60%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Profit down 15% vs last year

What if I invest in ZFCVINDIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,445 -0.66%
latest close · 2026-09-17
1-year return
+108.0%
52-wk low ₹1,13652-wk high ₹2,691
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio66.6High
LowAverageHigh
P/B ratio7.54High
Below bookModerateHigh
EV / EBITDA39.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.3%Fair
WeakFairStrong ▸15%
Return on capital15.0%Strong
WeakFairStrong
Net margin9.8%Decent
ThinDecentStrong
EBITDA margin16.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover117.7×Strong
RiskyOkayStrong ▸5×
Current ratio5.30Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹27,828 cr
Book value
₹324
EPS
₹9.18
latest quarter
Net debt
₹-192 cr
more cash than debt
Enterprise value
₹27,636 cr
EBITDA
₹694 cr
annualised
EBIT
₹565 cr
annualised
Operating margin
13.2%
Return on assets
9.4%
Earnings yield
1.50%
P/S
6.53
Sales / share
₹374.7
Tax rate
25.4%
Face value
₹5
Shares
11.4 cr
Working capital
₹2,834 cr
Current assets
₹3,493 cr
Current liabilities
₹659 cr
Delivery %
55.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹418₹780, midpoint ₹599

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,066 cr
Other Income₹36 cr
Total Income₹1,102 cr
Cost of Materials₹638 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹170 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹32 cr
Other Expenses₹125 cr
Total Expenses₹962 cr
Profit before Tax₹140 cr
Tax Expense₹36 cr
Net Profit₹104 cr
Net margin on total income9.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹633 cr57.5%
Employee benefit expense₹170 cr15.4%
Finance costs₹1 cr0.1%
Depreciation & amortisation₹32 cr2.9%
Other expenses₹125 cr11.3%
Tax expense₹36 cr3.2%
Profit for the period₹104 cr9.5%
Total income ₹1,102 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,075 cr1,155 cr1,066 cr
Total income1,105 cr1,197 cr1,102 cr
Expenses911 cr1,000 cr962 cr
Profit before tax187 cr197 cr140 cr
Tax46 cr50 cr36 cr
Net profit (owners' share)140 cr146 cr104 cr
Net margin (owners' share, on revenue)13.0%12.7%9.8%
EPS (₹)73.9077.149.18
YoY (latest quarter): total income +5.7% · net profit -14.6%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,425 cr
Shareholder equity
₹3,691 cr
parent shareholders
Total debt
₹0 cr
Cash
₹192 cr
Cash flow · H1 FY26
Operating
₹445 cr
Investing
₹-372 cr
Financing
₹-43 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.16%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 10 Jul 2026
ActionDetailEx-date
Dividend₹4 / share10 Jul 2026
Bonus issue1:524 Jun 2026
Dividend₹19 / share8 Aug 2025
Dividend₹17 / share15 Jul 2024
Dividend₹13 / share7 Jul 2023
Dividend₹12 / share7 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
60.0%
FII / Foreign
5.9%
DII / Domestic
25.4%
Retail / others
8.6%
Promoter stake down 15.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldWABCO Asia Private Limited · Promoters6.00 L · ₹791.6 cr6 Jun 25
SoldWabco Asia Private Limited · Promoters8.20 L · ₹1022.1 cr27 Nov 24
SoldWabco Asia Private Limited · Promoters14.25 L · ₹2193.7 cr19 Jun 24
Bulk / block deals
short · NSE53 Sep 26
short · NSE824 Jul 26
short · NSE102 Jul 26
Stake changes
SoldSBI Mutual fund undet its Various Schemes→ 7.03% · 2,59627 Apr 26
SoldWABCO Asia Private Limited · promoter→ 60.00% · 6.00 L6 Jun 25
SoldWabco Asia Private Ltd · promoter→ 63.16% · 8.20 L27 Nov 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Mar 2026
See the official result
1
Approval for Material Related Party Transactions to be entered into by the Company including those that may be entered into by its subsidiary with M/s. ZF CV Systems Global GmbH, a Related Party, upto Rs.2,500 Crores during the financial year from 1st April 2026 to 31st March 2027 (including material modifications that may arise thereto).
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
58.14 L votes for, 16,723 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 60.0% between them · as of 2026-06-30
Wabco Asia Private Limited60.00%
Business done with them
FY2026 · 1 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹4,119 cr revenue and received ₹3 cr back from them.
WABCO Asia Private Ltd
Sold goods to them · Sale of products, net
also owns 60.00% of the company
₹3 cr
company received

The company also transacted with 30 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.