ZF Commercial Vehicle Control System India Ltd

ZFCVINDIA

Watchlist

AI Mode

‌

Market Cap

₹ 28,470 Cr

P/E

58.96

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

LOW RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

ZF Commercial Vehicle Control Systems India Limited specializes in manufacturing air brake actuation systems for commercial vehicles, also engaging in software development and other services.

The company has been strengthening its portfolio in the electric vehicle segment by introducing products such as electric compressors and electronic braking systems.

ZF recently expanded its manufacturing capabilities with a new facility in Oragadam to meet the rising demand for advanced mobility products in India and abroad.

The company reported a modest increase in total revenues for the quarter ending September 2025, while maintaining strong EBITDA margins at 22.9%.

ZF is actively pursuing sustainability, implementing measures like rainwater harvesting to significantly cut freshwater consumption at its Jamshedpur plant.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Others

Market Cap

28,470 Cr

Volatility

Low Risk

P/E Ratio

59.0

Industry P/E

37.1

PEG Ratio

4.3

P/B Ratio

8.4

52W High

15,300.00

52W Low

9,566.75

Sales CAGR

0.40%

14.36%

14.54%

10Y

7.41%

Profit CAGR

13.35%

47.79%

23.63%

10Y

9.46%

ROE

TTM

14.15%

14.05%

11.40%

10Y

12.75%

ROCE

TTM

18.56%

18.44%

15.21%

10Y

17.28%

Technicals

‌

Forecasts

No. of Analysts

8

1Y Price Target

16632.38 ▲ 10.29%

Q3 EPS Estimate

Q3 Revenue Estimate

Unlock Premium Features

Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ENDURANCE	2610.00	36,716 Cr	42.03	5.87	0.38	14.11	15.71	8.29
SONACOMS	484.50	30,160 Cr	48.13	5.28	0.66	10.73	14.04	8.83
ZFCVINDIA	15015.95	28,470 Cr	58.96	8.35	0.13	14.15	18.56	12.03
SUNDRMFAST	938.10	19,743 Cr	35.63	4.87	0.77	13.68	16.02	9.75
TENNIND	459.95	18,558 Cr	33.61	11.53	2.44	0.00	0.00	28.31
CRAFTSMAN	7005.30	16,775 Cr	64.41	5.54	0.07	8.60	9.91	2.91
BELRISE	157.70	14,033 Cr	30.80	2.82	0.26	9.16	13.39	5.63

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	967	992	899	959	946	911	962	1,012	976	913
Expenses	826	846	765	813	807	771	785	837	844	779
Operating Profit	141	145	134	146	139	140	177	175	132	134
OPM %	14.62	14.67	14.87	15.24	14.69	15.36	18.40	17.31	13.49	14.71
Other Income	21	24	29	20	25	39	17	27	67	45
Interest	1.32	1.33	1.38	0.97	1.77	1.29	1.24	1.41	1.31	1.24
Depreciation	28	27	26	29	29	31	32	32	33	32
Profit Before Tax	134	141	135	136	134	146	161	169	164	146
Tax %	25.36	25.16	25.54	26.42	25.53	25.49	21.84	24.94	25.45	25.78
Net Profit	100	106	101	100	99	109	125	127	122	108
EPS in Rs	52.58	55.72	53.16	52.83	52.42	57.53	66.15	66.81	64.52	57.08

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,543	3,444	3,816	3,831	3,861
Expenses	2,291	2,974	3,249	3,200	3,237
Operating Profit	253	470	566	631	624
OPM %	9.93	13.66	14.84	16.47	16.15
Other Income	38	67	95	108	150
Interest	1.90	5.67	5.01	5.70	5.25
Depreciation	92	105	110	124	128
Profit Before Tax	196	427	546	609	640
Tax %	27.42	25.59	25.62	24.39	24.42
Net Profit	142	318	406	461	484
EPS in Rs	74.89	167.49	214.29	242.91	254.56
Dividend Payout %	16.02	7.76	7.93	7.82	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.48	9.48	9.48	9.48
Reserves	2,105	2,400	2,781	3,205
Borrowings	0.00	0.00	0.00	0.00
Other Liabilities	523	613	591	571
Total Liabilities	2,637	3,022	3,382	3,785
Fixed Assets	536	587	670	733
CWIP	20	77	84	68
Investments	398	100	27	34
Other Assets	1,683	2,258	2,600	2,950
Total Assets	2,637	3,022	3,382	3,785

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	138	298	193	286
Cash from Investing Activity	-177	-271	-131	-228
Cash from Financing Activity	-28	-31	-34	-44
Net Cash Flow	-68	-3.66	28	14

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	67.49%	67.49%	63.16%	63.16%	60.00%	60.00%
FIIs	1.26%	1.33%	1.27%	1.79%	2.01%	2.24%	3.74%	4.13%	5.10%	5.57%	5.73%	5.79%
DIIs	16.12%	16.04%	16.13%	15.90%	15.78%	15.77%	21.19%	21.03%	23.85%	23.33%	26.36%	26.25%
Public	7.62%	7.63%	7.60%	7.31%	7.20%	6.99%	7.58%	7.35%	7.88%	7.94%	7.91%	7.95%
Total Shareholders	26,206	25,387	24,395	24,375	25,289	24,094	29,457	28,862	34,269	33,904	33,640	32,238

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jun 06, 2025	Wabco asia private limited	Insider - Promoter	Disposal	13,191.00	791.64 Cr	6,00,133	3.16
Jun 06, 2025	Sundaram mutual fund	Bulk	Buy	13,191.00	162.40 Cr	1,23,113	0.64
Jun 06, 2025	Aditya birla sunlife mutual fund	Bulk	Buy	13,191.00	162.39 Cr	1,23,109	0.64
Jun 06, 2025	Franklin templeton mutual fund	Bulk	Buy	13,191.00	184.96 Cr	1,40,217	0.73
Jun 06, 2025	Wabco asia private limited	Bulk	Sell	13,191.00	791.64 Cr	6,00,133	3.16
Jun 06, 2025	Bandhan mutual fund	Block	Buy	13,191.00	14.51 Cr	10,999	0.05
Jun 06, 2025	Aditya birla sunlife mutual fund	Block	Buy	13,191.00	162.39 Cr	1,23,109	0.64
Jun 06, 2025	Invesco mutual fund	Block	Buy	13,191.00	39.59 Cr	30,013	0.15
Jun 06, 2025	Kotak mahindra mutual fund	Block	Buy	13,191.00	10.07 Cr	7,635	0.04
Jun 06, 2025	Sundaram mutual fund	Block	Buy	13,191.00	162.40 Cr	1,23,113	0.64

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q1 FY23

Investor Presentation

Q4 FY21

Investor Presentation

Q3 FY21

Investor Presentation

Q1 FY20

Investor Presentation

Q4 FY18

Showing 1 - 8 of 10

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ENDURANCE	2610.00	36,716 Cr	42.03	5.87	0.38	14.11	15.71	8.29
SONACOMS	484.50	30,160 Cr	48.13	5.28	0.66	10.73	14.04	8.83
ZFCVINDIA	15015.95	28,470 Cr	58.96	8.35	0.13	14.15	18.56	12.03
SUNDRMFAST	938.10	19,743 Cr	35.63	4.87	0.77	13.68	16.02	9.75
TENNIND	459.95	18,558 Cr	33.61	11.53	2.44	0.00	0.00	28.31
CRAFTSMAN	7005.30	16,775 Cr	64.41	5.54	0.07	8.60	9.91	2.91
BELRISE	157.70	14,033 Cr	30.80	2.82	0.26	9.16	13.39	5.63

Overview

Detailed Summary

ZF Commercial Vehicle Control Systems India Limited specializes in manufacturing air brake actuation systems for commercial vehicles, also engaging in software development and other services.

The company has been strengthening its portfolio in the electric vehicle segment by introducing products such as electric compressors and electronic braking systems.

ZF recently expanded its manufacturing capabilities with a new facility in Oragadam to meet the rising demand for advanced mobility products in India and abroad.

The company reported a modest increase in total revenues for the quarter ending September 2025, while maintaining strong EBITDA margins at 22.9%.

ZF is actively pursuing sustainability, implementing measures like rainwater harvesting to significantly cut freshwater consumption at its Jamshedpur plant.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Others

Market Cap

28,470 Cr

Volatility

Low Risk

P/E Ratio

59.0

Industry P/E

37.1

PEG Ratio

4.3

P/B Ratio

8.4

52W High

15,300.00

52W Low

9,566.75

Sales CAGR

0.40%

14.36%

14.54%

10Y

7.41%

Profit CAGR

13.35%

47.79%

23.63%

10Y

9.46%

ROE

TTM

14.15%

14.05%

11.40%

10Y

12.75%

ROCE

TTM

18.56%

18.44%

15.21%

10Y

17.28%