ZF Comm Vehic Contr

₹13463.1 57.5 | 0.4%

WEBSITE BSE:533023 NSE : ZFCVINDIA 10 May, 16:01

Market Cap ₹25536 Cr.

Stock P/E 62.7

P/B 9.5

Current Price ₹13463.1

Book Value ₹ 1418.9

Face Value 5

52W High ₹17661

Dividend Yield 0.1%

52W Low ₹ 10112

Edit Ratio

ZF Comm Vehic Contr Research see more...

Overview Inc. Year: 2004Industry: Auto Ancillary

ZF Commercial Vehicle Control Systems India Ltd designs, develops, manufactures, and sells air brake actuation structures for industrial motors in India and internationally. The organization offers truck solutions, consisting of advanced driving force assistance structures, air disc brakes, brake actuation, brake control solutions, vehicle electronic systems, air processing and compressor solutions, air suspension solutions, shrewd transmission automation structures, and clutch control components; and trailer solutions, which include trailer braking, suspension control, and telematics solutions. It also presents smart braking, electronic suspension, and climate manipulate structures for buses; braking structures of vehicles, SUVs, and light trucks; and electrohydraulics and controls, hydraulic brake valves and actuation, pneumatic brake control, wheel end, trailer brake manage, and air management solutions for the off-highway market. In addition, the organisation offers aftermarket solutions and assist services. The corporation was previously called WABCO India Ltd and changed its name to ZF Commercial Vehicle Control Systems India Ltd in March 2022. ZF Commercial Vehicle Control Systems India Ltd was founded in 1962 and is based in Chennai, India. ZF Commercial Vehicle Control Systems India Ltd is a subsidiary of WABCO Asia Private Ltd.

ZF Comm Vehic Contr Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

ZF Comm Vehic Contr Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	617	653	782	798	793	876	977	967	992	899
Other Income	8	9	9	11	12	26	18	21	24	29
Total Income	624	662	791	810	805	902	995	988	1016	928
Total Expenditure	554	594	693	700	685	756	833	826	846	765
Operating Profit	70	68	98	110	120	146	162	163	170	163
Interest	0	0	1	1	2	2	0	1	1	1
Depreciation	25	24	21	23	27	28	27	28	27	26
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	45	43	77	86	90	116	135	134	141	135
Provision for Tax	13	11	20	24	22	30	34	34	36	35
Profit After Tax	32	32	57	62	69	85	101	100	106	101
Adjustments	0	-0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	32	32	57	62	69	85	101	100	106	101
Adjusted Earnings Per Share	17	16.8	29.8	32.9	36.2	45	53.4	52.6	55.7	53.2

ZF Comm Vehic Contr Profit & Loss

#(Fig in Cr.)	Mar 2022	Mar 2023	TTM
Net Sales	2543	3444	3835
Other Income	38	67	92
Total Income	2581	3511	3927
Total Expenditure	2291	2974	3270
Operating Profit	290	537	658
Interest	2	6	3
Depreciation	92	105	108
Exceptional Income / Expenses	0	0	0
Profit Before Tax	196	427	545
Provision for Tax	54	109	139
Profit After Tax	142	318	408
Adjustments	0	0	0
Profit After Adjustments	142	318	408
Adjusted Earnings Per Share	74.9	167.5	214.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	35%	0%	0%	0%
Operating Profit CAGR	85%	0%	0%	0%
PAT CAGR	124%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	24%	17%	19%
ROE Average	14%	10%	10%	10%
ROCE Average	19%	14%	14%	14%

ZF Comm Vehic Contr Balance Sheet

#(Fig in Cr.)	Mar 2022	Mar 2023
Shareholder's Funds	2114	2409
Minority's Interest	0	0
Borrowings	0	0
Other Non-Current Liabilities	6	55
Total Current Liabilities	498	536
Total Liabilities	2618	3000
Fixed Assets	536	587
Other Non-Current Assets	127	175
Total Current Assets	1956	2239
Total Assets	2618	3000

ZF Comm Vehic Contr Cash Flow

#(Fig in Cr.)	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	157	89
Cash Flow from Operating Activities	138	298
Cash Flow from Investing Activities	-177	-271
Cash Flow from Financing Activities	-28	-31
Net Cash Inflow / Outflow	-68	-4
Closing Cash & Cash Equivalent	89	86

ZF Comm Vehic Contr Ratios

#	Mar 2022	Mar 2023
Earnings Per Share (Rs)	74.9	167.48
CEPS(Rs)	123.64	222.72
DPS(Rs)	12	13
Book NAV/Share(Rs)	1114.57	1270.12
Core EBITDA Margin(%)	9.79	13.46
EBIT Margin(%)	7.66	12.38
Pre Tax Margin(%)	7.58	12.21
PAT Margin (%)	5.51	9.09
Cash Profit Margin (%)	9.09	12.09
ROA(%)	5.43	11.31
ROE(%)	6.72	14.05
ROCE(%)	9.35	19.13
Receivable days	94.25	74.35
Inventory Days	20.48	15.75
Payable days	76.9	58.67
PER(x)	101.62	61.97
Price/Book(x)	6.83	8.17
Dividend Yield(%)	0.16	0.13
EV/Net Sales(x)	5.41	5.38
EV/Core EBITDA(x)	47.46	34.46
Net Sales Growth(%)	0	35.42
EBIT Growth(%)	0	118.86
PAT Growth(%)	0	123.6
EPS Growth(%)	0	123.6
Debt/Equity(x)	0	0
Current Ratio(x)	3.92	4.18
Quick Ratio(x)	3.63	3.89
Interest Cover(x)	103.93	76.35
Total Debt/Mcap(x)	0	0

ZF Comm Vehic Contr Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0.78	0.71	0.94	1.23	1.26	1.33	1.27	1.79	2.01	2.24
DII	16.3	16.45	16.23	15.81	16.12	16.04	16.13	15.9	15.78	15.77
Public	7.92	7.84	7.83	7.97	7.62	7.63	7.6	7.31	7.2	6.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.42	1.42	1.42	1.42	1.42	1.42	1.42	1.42	1.42	1.42
FII	0.01	0.01	0.02	0.02	0.02	0.03	0.02	0.03	0.04	0.04
DII	0.31	0.31	0.31	0.3	0.31	0.3	0.31	0.3	0.3	0.3
Public	0.15	0.15	0.15	0.15	0.14	0.14	0.14	0.14	0.14	0.13
Others	0	0	0	0	0	0	0	0	0	0
Total	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9	1.9

Pros

Debtor days have improved from 76.9 to 58.67days.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
Stock is trading at 9.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.