ZFCVINDIA

ZF Commercial Vehicle Control Systems India Ltd.

NSE: ZFCVINDIA

BSE: 533023

Sector: Automobile and Auto Components

Industry Group: Auto Components

Industry: Auto Components & Equipments

2,343.70-36.0 (-1.51%)

8 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

96.6 / 100

Value Score

26.0 / 100

Price Momentum Score

65.0 / 100

QVM Score

74.0 / 100

Key Metrics

Market Cap

26672.70

P/E (TTM)

51.58

P/B

7.23

P/S (TTM)

6.48

EV/EBITDA

37.40

CAPE (5Y)

72.32

ROE (TTM)

14.98

ROCE (TTM)

14.89

ROA (TTM)

12.60

Avg 3Y ROE

15.32

Earnings 3Y CAGR

17.64

Sales 3Y CAGR

6.14

Sales 5Y CAGR

17.19

Debt/Equity

0.01

Consensus TP

3009.59

Strong Buy %

100.00

Promoter Holding

60.00

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of ZF Commercial Vehicle Control Systems India Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.01 as on 31 Mar 2026 and Debt to Equity decreased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 51.58 indicates that the stock is expensive on a standalone basis and is at a 93.76% premium to industry median P/E

What is P/E Ratio?

Median: 26.62

Value 51.58

0.252074.19

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -2.25% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 7.52% for 12-month ended 31 Mar 2026 and the growth was 7.43 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 14.95

Value 7.52

-80.871632.33

Moderate EPS growth but lower than median growth of industry

The company delivered moderate EPS growth of 12.25% for 12-month ended 31 Mar 2026 but the growth was 2.73 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.14%

What is Dividend yield?

Neutral

Moderate and stable ROE

The company reported moderate ROE of 14.98% for 12-month ended 31 Mar 2026 and ROE declined marginally by -37 bps from 1 year ago

What is ROE (FY)?

Moderate and stable operating margin

The company reported moderate operating margin of 12.7% for 12-month ended 31 Mar 2026 and operating margin declined marginally by -52 bps from 1 year ago

What is Operating profit margin?

Company's earnings are of moderate quality

Earnings quality score of 67.3 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

67.3 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for ZF Commercial Vehicle Control Systems India Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

ZF Commercial Vehicle Control Systems India Ltd. Shareholding Pattern

Quarterly breakdown of ZF Commercial Vehicle Control Systems India Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	75.00	75.00	93.11	93.11	80.43	77.01	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	67.49	67.49	63.16	63.16	60.00	60.00	60.00	60.00
Indian Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75.00	-	-	-	-	-	-	-	-	-
Foreign Promoter	75.00	75.00	93.11	93.11	80.43	77.01	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	75.00	-	75.00	67.49	67.49	63.16	63.16	60.00	60.00	60.00	60.00
Institutions	11.50	11.69	0.38	0.34	11.57	14.67	16.91	17.08	17.16	17.17	17.03	17.38	17.37	17.40	17.69	17.79	18.01	24.93	25.16	28.95	28.90	32.09	32.04	32.05	31.99
Mutual Funds / UTI	8.65	8.76	0.09	0.01	10.97	12.90	14.69	14.66	14.65	14.75	14.63	14.99	14.95	14.99	14.89	14.74	14.51	19.64	19.45	21.92	21.83	24.78	24.68	25.73	24.95
FI/Bank/Insurance	0.00	0.00	0.05	0.14	0.25	1.15	1.13	1.08	1.20	1.16	1.11	1.06	1.02	1.06	0.97	1.01	1.26	1.48	1.50	1.63	1.25	1.30	1.25	0.84	0.86
Govt	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	2.66	2.63	0.23	0.20	0.35	0.62	0.67	0.78	0.71	0.94	1.23	1.27	1.32	1.27	1.79	2.01	2.24	3.74	4.13	5.11	5.57	5.73	5.79	5.37	5.79
Other Institutions	0.19	0.30	0.00	0.00	0.00	0.00	0.42	0.55	0.60	0.32	0.06	0.07	0.08	0.08	0.04	0.03	0.00	0.08	0.08	0.30	0.24	0.28	0.32	0.11	0.40
Non-Institution	13.49	13.31	6.51	6.55	7.99	8.33	8.09	7.92	7.84	7.83	7.96	7.62	7.63	7.60	7.31	7.20	6.99	7.58	7.35	7.88	7.94	7.91	7.95	7.95	8.00
Bodies Corporate	4.56	4.51	0.27	0.27	0.34	1.20	0.69	0.39	0.37	0.37	0.27	0.25	0.26	0.26	0.23	0.22	0.25	0.94	0.53	0.68	0.60	0.58	0.62	0.64	0.67
Others (incl. Retail) No. of shareholders	8.93 23,318	8.80 21,993	6.24 19,325	6.28 21,058	7.65 22,626	7.13 23,325	7.40 22,446	7.53 22,218	7.47 21,830	7.46 22,057	7.69 27,131	7.37 25,811	7.37 24,988	7.34 24,016	7.08 23,989	6.98 24,886	6.74 23,715	6.64 28,859	6.82 28,311	7.20 33,690	7.34 33,347	7.33 33,076	7.33 31,660	7.31 31,811	7.33 31,026

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Auto Components & Equipments	3.45%	9 / 20
2	SHI: Auto Components	3.02%	13 / 20
3	Nifty Smallcap 250	0.56%	50 / 249
4	Nifty 500	0.06%	254 / 499
5	Nifty Total Market	0.06%	281 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in ZF Commercial Vehicle Control Systems India Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
WABCO Asia Private Limited Promoter	June-2025	Market Sale (Disposal) 6th Jun 2025	63.16 %	₹ 13,190.99	6.00 lac	₹ 791.63 cr
WABCO Asia Private Limited Promoter	November-2024	Market Sale (Disposal) 28th Nov 2024	67.49 %	₹ 12,465.24	8.20 lac	₹ 1022.15 cr
WABCO Asia Private Limited Promoter	November-2024	Market Sale (Disposal) 28th Nov 2024	67.49 %	₹ 12,465.24	8.20 lac	₹ 1022.15 cr
WABCO Asia Private Limited Promoter	June-2024	Market Sale (Disposal) 20th Jun 2024	75.00 %	₹ 0.00	14.25 lac	₹ 8.00
ZF International UK Limited Promoter Group	September-2021	Market Sale (Disposal) 16th Sep 2021	5.43 %	₹ 6,750.40	6.50 lac	₹ 438.78 cr
ZF International UK Limited Promoter Group	August-2021	Market Sale (Disposal) 28th Aug 2021	2.01 %	₹ 6,995.10	3.80 lac	₹ 266.12 cr
ZF International UK Limited Promoter Group	March-2021	Market Sale (Disposal) 29th Mar 2021	18.11 %	₹ 5,678.86	24.04 lac	₹ 1365.39 cr

Corporate Actions

History of ZF Commercial Vehicle Control Systems India Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 4/share
Record date: 10th Jul 2026Ex-date: 10th Jul 2026
Announced on: 13th May 2026
Bonus5 new shares for 1 existing shares
Ex-date: 24th Jun 2026Announced on: 17th Jun 2026
Dividend₹ 19/share
Record date: 8th Aug 2025Ex-date: 8th Aug 2025
Announced on: 15th May 2025
Dividend₹ 17/share
Record date: 15th Jul 2024Ex-date: 15th Jul 2024
Announced on: 24th May 2024
Dividend₹ 13/share
Record date: 7th Jul 2023Ex-date: 7th Jul 2023
Announced on: 24th May 2023

Company Profile

Overview of ZF Commercial Vehicle Control Systems India Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

ZF Commercial Vehicle Control Systems India Limited is an India-based company, which is primarily engaged in the manufacturing of air brake actuation systems for commercial vehicles. The Company is also engaged in the rendering of software development and other services. The Company offers advanced ...

Key personnel

Ms. Chathapuram Venkatasubramanian Kavviya

Compliance Officer

Mr. Akash PasseyD

Non-Executive Independent Chairman of the Board

Mr. Paramjit Singh ChadhaD

Managing Director, Executive Director

Mr. Ivan BrajdicD

Additional Non-Executive Non-Independent Director

Ms. Claudia Christina JehleD

Additional Non-Executive Non-Independent Director

Ms. Amrita Verma ChowdhuryD

Non-Executive Independent Director

Mr. Neeraj SagarD

Non-Executive Independent Director

Ms. Rashmi UrdhwaresheD

Non-Executive Independent Director

View all

Incorporated on

18 Nov 2004

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

1,999

IPO date

01 Oct 2008

Free Float

4,52,09,754

Website

https://www.zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.html

Phone no.

+914442242000

Address

PLOT NO.3 (SP) III MAIN ROAD, AMBATTUR INDUSTRIAL ESTATE, , 600058, India

Frequently Asked Questions

What is the current share price of ZF Commercial Vehicle Control Systems India Ltd.?

The current share price of ZF Commercial Vehicle Control Systems India Ltd. is ₹ 2,343.70 as of 8 Jul 2026.

What is the market capitalisation of ZF Commercial Vehicle Control Systems India Ltd.?

The market capitalisation of ZF Commercial Vehicle Control Systems India Ltd. stands at ₹ 26,672.70 Cr.

What is the PE ratio of ZF Commercial Vehicle Control Systems India Ltd.?

The Price-to-Earnings (PE) ratio of ZF Commercial Vehicle Control Systems India Ltd. is 51.58 as of the latest trailing twelve months data.

What is the ROE and ROCE of ZF Commercial Vehicle Control Systems India Ltd.?

ZF Commercial Vehicle Control Systems India Ltd. has a Return on Equity (ROE) of 14.98% and a Return on Capital Employed (ROCE) of 14.89% as per the latest financial reports.

What is the 52-week high and low of ZF Commercial Vehicle Control Systems India Ltd.?

The 52-week high of ZF Commercial Vehicle Control Systems India Ltd. is - and the 52-week low is -.

What is the dividend yield of ZF Commercial Vehicle Control Systems India Ltd.?

The dividend yield of ZF Commercial Vehicle Control Systems India Ltd. is 0.14% based on the current market price.

What is the FII and DII holding in ZF Commercial Vehicle Control Systems India Ltd.?

Foreign Institutional Investors (FII) hold 5.79%, Domestic Institutional Investors (DII) hold 25.81% and retail/public investors hold 7.33% of ZF Commercial Vehicle Control Systems India Ltd. shares.

What sector does ZF Commercial Vehicle Control Systems India Ltd. belong to?

ZF Commercial Vehicle Control Systems India Ltd. operates in the Automobile and Auto Components sector. 100% of analysts have a Buy or Strong Buy rating on ZF Commercial Vehicle Control Systems India Ltd. with a consensus target price of ₹ 3,009.59, implying 28.41% upside from current levels.

What is the beta of ZF Commercial Vehicle Control Systems India Ltd.?

The beta of ZF Commercial Vehicle Control Systems India Ltd. is 0.72, indicating its price volatility relative to the broader market. Over the past 1 year, ZF Commercial Vehicle Control Systems India Ltd. has delivered an absolute return of 5.26%.

What is the RSI of ZF Commercial Vehicle Control Systems India Ltd.?

The 14-day Relative Strength Index (RSI) of ZF Commercial Vehicle Control Systems India Ltd. is 37.31, placing it approaching oversold territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

ZF Commercial Vehicle Control Systems India Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

ZF Commercial Vehicle Control Systems India Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Company Profile

Stock Analysis

Holdings and Presence

Corporate Actions