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ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited

NSE: ZFCVINDIA
Auto PartsConsumer CyclicalMID CAPMCap ₹24.55k Cr
₹2,157.00₹-1.90 (-0.09%)

Market Closed • NSE

Market cap₹24.55k Cr
Enterprise value₹22.39k Cr
P/E TTM2.26
Forward P/E32.40
P/B6.65
EPS TTM₹952.69
Forward EPS₹66.58
ROCE19.40%
D/E1.49
Dividend yield0.00%
Face value₹5.00
52W high₹3,044.00
52W low₹2,050.33
Price chart(1Y)
1Y Return:-12.04% (₹295.33)
H: ₹3,044L: ₹2,075
1W+2.04%
1M-11.79%
3M-10.07%
6M-14.86%
1Y-0.46%
Today at a glance

Day range

₹2,132.50₹2,169.80

52 week range

₹2,050.33₹3,044.00
Volume34.5K0.29x 20D avg
Free float50.00%-70.50% volume

ZF Commercial Vehicle Control Systems India Limited closed at INR2157.00 (-0.09%) on volume 0.29x its 20-day average, trading 29.14% below its 52-week high.

Technical analysis
RSI (14)33.3Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹60.09Moderate
SMA 20₹2,244.63BEARISH
SMA 50₹2,441.02BEARISH
SMA 100₹2,444.56BEARISH
SMA 200₹2,435.38BEARISH
CPR bottom₹2,148.10
Pivot₹2,151.70
CPR top₹2,155.30
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -28.8% QoQ

2026-07-10

DIVIDEND Announced

Dividend - Rs 4 Per Share

2026-06-24

BONUS Announced

Bonus 5:1

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹54.8 Cr₹24.55k Cr0.22%≤ 33%PASS
Non-halal income ratio–₹4.09k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹4.23k Cr₹4.43k Cr95.67%≥ 20%PASS
Receivables ratio–₹4.43k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E2.2626.80
Forward P/E32.40—
P/B6.652.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield44.203.70
Growth & profitability
RevenuePAT
FY24PAT margin 10.60%
FY25PAT margin 12.00%
FY26PAT margin 12.60%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+2.50%
Revenue CAGR 5Y+1.60%
PAT CAGR 3Y+3.90%
PAT CAGR 5Y+4.90%
Operating margin9.91%
Net margin11.86%
Financial health & cash flow
Net debt–Moderate
Interest coverage97.90xEBIT / interest
CFO / PAT1.27x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹810.2 Cr
Capital expenditure–
Free cash flow₹664.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability80/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 19.4%

High Cash Flow Conversion: CFO/PAT averaged 1.27x over last 3 years

Attractive Valuation: P/E of 2.3x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

90%60%30%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
32.00%Institutional holding
8.00%Public holding
5Periods available
0.00%Promoter pledged
31.66KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
10 Jul 2026Dividend₹4.00 / share—10 Jul 2026
24 Jun 2026Bonus issue5:1 bonus ratio—24 Jun 2026
08 Aug 2025Dividend₹19.00 / share—08 Aug 2025
15 Jul 2024Dividend₹17.00 / share—15 Jul 2024
07 Jul 2023Dividend₹13.00 / share—07 Jul 2023
—Dividend₹12.00 / share—07 Jul 2022
17 Sept 2021Dividend₹11.00 / share—16 Sept 2021
27 Mar 2020Dividend₹10.00 / share—26 Mar 2020
07 Aug 2019Dividend₹9.00 / share—06 Aug 2019
20 Jul 2018Dividend₹8.00 / share—19 Jul 2018
—Dividend₹7.00 / share—14 Sept 2017
—Dividend₹6.00 / share—25 Jul 2016
—Dividend₹5.00 / share—27 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)60.06%-6.99% latest vs average
Highest delivery73.45%on 18 Sept
Average volume (20D)116.9KTrading-session average
Conviction trendWeakening-6.99% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited

Operating under the ZF WABCO brand and part of ZF Group Commercial Vehicle Control Systems Division, WABCO INDIA Limited is India’s market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India. It also provides software development and other services. Its headquarter is in Chennai, India

IndiaConsumer Cyclical

Questions investors ask
Is ZF Commercial Vehicle Control Systems India Limited Shariah compliant?

ZF Commercial Vehicle Control Systems India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.22%) complies with AAOIFI threshold (≤ 33%).

What is ZF Commercial Vehicle Control Systems India Limited's current valuation relative to peers?

ZF Commercial Vehicle Control Systems India Limited trades at a P/E of 2.3x compared to the sector median of 26.8x, and a Price-to-Book of 6.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.49x. Interest coverage is 97.9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.6% while net profit growth averaged 4.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.