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ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited

ZFCVINDIA.BO
ZF Commercial Vehicle Control Systems India LimitedIN flagBombay Stock Exchange
2,340.00
INR
-37.65
- -
266.53BMarket Cap
ZF Commercial Vehicle Control Systems India Limited
ZFCVINDIA.BO
(Bombay Stock Exchange)

Recent

price

2,340.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
470.55
546.94
505.14
581.62
706.14
966.1
1,090.01
1,348.44
1,467.14
999.75
969.97
1,329.65
1,801.08
1,995.21
2,000.06
- -
2,034.6
Revenue per Share
67.18
80.87
68.95
61.94
63.61
107.22
112.55
143.84
148.76
83.73
54.73
74.9
167.48
214.28
242.9
- -
255.01
Basic EPS, GAAP
16.44
45.89
11.82
42.9
27.11
81.21
94.68
113.68
16.7
69.1
36.03
-20.16
89.96
-2.88
63.12
- -
- -
Free Cash Flow per Basic Share
2.92
5.81
5.81
5.85
5.85
5
6
7
8
19
- -
11
12
13
17
- -
- -
Dividend per Share
87.88
180.25
216.99
266.75
330.37
431.54
536.87
666.21
800.18
868.18
921.88
983.92
1,139.47
1,340.45
1,564.08
- -
- -
Book Value per Share
203.84
278.7
341.31
396.56
459.02
560.5
665.76
803.26
937
996.7
1,050.79
1,109.57
1,264.03
1,465.21
1,689.18
- -
- -
Tangible Book Value per Share
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
- -
19
Basic Weighted Avg Shares
8,925
10,374
9,581
11,032
13,394
18,325
20,675
25,577
27,828
18,963
18,398
25,220
34,162
37,844
37,937
40,909
38,590
Sales/Revenue/Turnover
20.87
19.69
18.05
12.55
12.74
12.66
13.34
13.41
12.75
8.73
6.57
6.52
10.9
12.15
13.36
12.79
12.85
Operating Margin (%)
144
156
217
322
467
562
616
617
714
901
904
924
1,048
1,098
1,243
1,318
1,280
Depreciation Expense
1,274
1,534
1,308
1,175
1,207
2,034
2,135
2,728
2,822
1,588
1,038
1,421
3,177
4,064
4,607
5,171
4,837
Net Income, GAAP
- -
29.06
29.28
27.06
31.69
24.77
28.95
28.54
31.33
28.89
31.83
27.42
25.59
25.62
24.39
25.39
24.42
Effective Tax Rate (%)
14.28
14.79
13.65
10.65
9.01
11.1
10.33
10.67
10.14
8.38
5.64
5.63
9.3
10.74
12.14
12.64
12.53
Profit Margin (%)
1,998
2,883
3,680
4,445
5,385
6,843
8,562
10,633
12,432
12,993
14,142
14,572
17,031
19,648
23,516
28,339
- -
Working Capital
6
- -
- -
- -
- -
- -
- -
- -
- -
87
44
3
617
613
566
479
- -
LT Debt
3,867
5,291
6,488
7,552
8,744
10,678
12,664
15,259
17,800
18,945
19,964
21,141
24,091
27,903
32,145
36,906
- -
Total Equity
- -
31.61
20.8
14.41
14.27
17.93
16.74
17.47
14.66
6.36
4.18
5.72
12.01
12.85
12.53
11.09
- -
Return on Invested Capital (%)
- -
60.12
34.68
25.63
21.35
28.16
23.28
24.01
20.29
10.07
6.15
7.91
15.71
16.96
16.48
33.65
580.02
Return on Capital (%)
58.32
60.32
34.72
25.61
21.31
28.14
23.24
23.91
20.29
10.04
6.11
7.86
15.77
17.28
16.73
34.75
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
95
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
566
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
19
- -
Market Capitalization
38,056
41,071
42,363

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
28,417
- -
Cash, Cash Equivalents & STI
- -
14,958
- -
Accounts Receivable, Net
- -
11,201
- -
Inventories
- -
1,906
- -
Total Current Liabilities
- -
4,900
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
95
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.32%
13.14%
14.81%
Free Cash Flow
-242.55%
-528.54%
454.76%
Net Income, GAAP
17.19%
42.81%
12.25%
Sales/Revenue/Turnover
10.19%
18.28%
7.83%
Total Cash Common Dividend
- -
3.57%
11.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,578
9,830
8,918
9,519
37,844
2025
9,458
9,109
9,624
10,101
37,937
2026
9,756
10,749
11,479
- -
40,909

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52.58
55.72
53.16
- -
214.28
2025
52.42
57.53
66.15
66.81
242.9
2026
64.52
73.9
77.14
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
13
2025
- -
- -
- -
- -
17
2026
- -
- -
- -
- -
- -
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Business
ZF Commercial Vehicle Control Systems India Limited, a subsidiary of ZF Friedrichshafen AG and part of the ZF Group Commercial Vehicle Solutions Division, manufactures and markets advanced braking systems, conventional braking products, and air-assisted technologies for commercial vehicles including trucks, buses, off-highway vehicles, defense applications, cars, and fleets; it offers e-mobility solutions such as e-compressors, Electronic Braking Systems (EBS), Electronic Stability Control (ESC), and Electronically Controlled Air Suspension (ECAS); additional products include air compressors, air processing units, air disc brakes, air suspension systems, doors with door control systems, driveline controls, automated manual transmissions (AMT), fleet management solutions (FMS), valves, actuators, vacuum pumps, and push-type connectors; the company also provides spare parts, aftermarket services, digital services, retrofit solutions, workshop solutions, software development, professional training, and consulting. Headquartered in Chennai, India, and founded in 2004 as WABCO India Limited, it changed its name to ZF Commercial Vehicle Control Systems India Limited in March 2022 following integration into ZF Group's structure after the 2020 acquisition of WABCO; it operates five manufacturing facilities, an advanced technology development center, a vehicle testing facility, and a nationwide aftermarket network primarily serving automotive OEMs, distributors, government agencies, and retailers in India with exports to international markets. Recent developments include the launch of new products such as compressors, air supply units, vacuum pumps, actuators, and push-type connectors to Indian and international OEMs in FY23; strategic expansion with ZF opening a new plant in Oragadam, India, in February 2024 for electrical components targeting Indian and Asian markets; record Q4 FY2025 revenues of INR 1,039 crore driven by 15% year-on-year service income growth and focus on e-mobility and advanced driver assistance systems (ADAS); ongoing CSR initiatives through its foundation establishing Centers of Excellence for automotive technologies, road safety training, Industry 4.0, IoT, and robotic automation; and a 7.5% stake sale by WABCO Asia Private Ltd to an undisclosed buyer in June 2024, with promoter holding at 60% amid a 15% decline over three years. The company targets commercial vehicle segments emphasizing autonomous, connected, and electric (ACE) solutions, sustainability, and regulatory compliance such as ESC mandates effective September 2025, positioning it as India's market leader in vehicle control systems with strong financials including FY2025 revenue of INR 3,824 crore and net profit of INR 477 crore.