WEBSITE BSE:505163 NSE: ZF STEERING Inc. Year: 1981 Industry: Auto Ancillary
Last updated: 11:28
Z F Steering Gear (India) Ltd is engaged in the enterprise of manufacturing and assembling of steering structures for vehicles, buses and tractors. The Company is mainly engaged in the production of automobile factor (steerage tools) and renewable energy (solar and wind energy). The Company's segments consist of Auto Component and Renewable Energy. The Company's product variety includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering & pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel ge...Read More
Z F Steering Gear (India) Ltd is engaged in the enterprise of manufacturing and assembling of steering structures for vehicles, buses and tractors. The Company is mainly engaged in the production of automobile factor (steerage tools) and renewable energy (solar and wind energy). The Company's segments consist of Auto Component and Renewable Energy. The Company's product variety includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering & pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gears containers and power steering oil dexron II. The Company's five mega-watt (MW) solar power challenge is positioned at Gujarat Solar Park. The Company operates approximately seven wind turbine machines, that are located in districts of Satara and Ahmednagar, which have an aggregated capacity of about 6.7 megawatts. The Company has plant at Vadu Budruk, close to Pune for manufacturing and assembling of steerage systems and add-ons. ...Read Less
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Market Cap ₹667 Cr.
Stock P/E 53
P/B 1.4
Current Price ₹735
Book Value ₹ 530.1
Face Value 10
52W High ₹1319.9
Dividend Yield 0%
52W Low ₹ 570.1
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Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 119 | 114 | 124 | 128 | 111 | 118 | 137 | 133 | 121 | 143 |
| Other Income | 6 | 13 | 9 | 8 | 5 | 1 | 6 | 5 | 1 | 2 |
| Total Income | 125 | 126 | 133 | 136 | 117 | 119 | 143 | 138 | 122 | 145 |
| Total Expenditure | 106 | 103 | 114 | 112 | 100 | 107 | 122 | 115 | 108 | 120 |
| Operating Profit | 19 | 23 | 20 | 24 | 17 | 12 | 21 | 24 | 13 | 26 |
| Interest | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 11 | 13 | 11 | 11 | 12 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Profit Before Tax | 11 | 14 | 10 | 14 | 6 | -1 | 6 | 11 | 0 | 11 |
| Provision for Tax | -2 | 3 | 2 | 4 | 4 | 0 | 3 | 4 | 2 | 4 |
| Profit After Tax | 13 | 11 | 8 | 10 | 2 | -2 | 2 | 7 | -2 | 7 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit After Adjustments | 13 | 11 | 8 | 10 | 2 | -1 | 4 | 8 | -0 | 8 |
| Adjusted Earnings Per Share | 13.8 | 12.4 | 9.1 | 11.2 | 1.9 | -0.9 | 4.3 | 8.8 | -0.4 | 8.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 351 | 424 | 399 | 425 | 439 | 450 | 478 | 494 | 534 |
| Other Income | 10 | 6 | 12 | 10 | 11 | 13 | 34 | 21 | 14 |
| Total Income | 361 | 430 | 410 | 434 | 450 | 464 | 512 | 515 | 548 |
| Total Expenditure | 305 | 360 | 317 | 336 | 364 | 395 | 426 | 441 | 465 |
| Operating Profit | 56 | 70 | 94 | 98 | 86 | 69 | 87 | 74 | 84 |
| Interest | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 7 | 8 |
| Depreciation | 27 | 31 | 28 | 33 | 31 | 32 | 34 | 43 | 47 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Profit Before Tax | 28 | 38 | 63 | 61 | 53 | 36 | 52 | 25 | 28 |
| Provision for Tax | 7 | 12 | 13 | 14 | -12 | 12 | 8 | 12 | 13 |
| Profit After Tax | 21 | 25 | 50 | 47 | 66 | 25 | 44 | 13 | 14 |
| Adjustments | 0 | 0 | -18 | -4 | -22 | 0 | 0 | 2 | 4 |
| Profit After Adjustments | 21 | 25 | 31 | 43 | 44 | 25 | 44 | 15 | 20 |
| Adjusted Earnings Per Share | 22.8 | 28 | 34.5 | 47.6 | 48.3 | 27.1 | 48.2 | 16.4 | 21.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 4% | 4% | 0% |
| Operating Profit CAGR | -15% | -5% | -5% | 0% |
| PAT CAGR | -70% | -42% | -24% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -27% | 13% | 14% | -7% |
| ROE Average | 3% | 6% | 11% | 12% |
| ROCE Average | 6% | 8% | 12% | 14% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 212 | 224 | 264 | 301 | 335 | 419 | 458 | 466 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Borrowings | 10 | 8 | 16 | 15 | 21 | 2 | 36 | 41 |
| Other Non-Current Liabilities | 9 | 5 | 20 | 20 | -10 | -2 | -2 | -1 |
| Total Current Liabilities | 87 | 100 | 105 | 114 | 96 | 84 | 95 | 123 |
| Total Liabilities | 317 | 337 | 404 | 449 | 443 | 503 | 587 | 631 |
| Fixed Assets | 125 | 131 | 120 | 105 | 111 | 157 | 204 | 244 |
| Other Non-Current Assets | 66 | 87 | 151 | 192 | 195 | 173 | 190 | 192 |
| Total Current Assets | 123 | 119 | 133 | 152 | 137 | 172 | 193 | 195 |
| Total Assets | 317 | 337 | 404 | 449 | 443 | 503 | 587 | 631 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 14 | 14 | 2 | 2 | 4 | 2 | 0 | 11 |
| Cash Flow from Operating Activities | 48 | 51 | 63 | 68 | 72 | 49 | 35 | 39 |
| Cash Flow from Investing Activities | -37 | -43 | -47 | -55 | -42 | -63 | -52 | -65 |
| Cash Flow from Financing Activities | -2 | -14 | -16 | -10 | -29 | 12 | 29 | 16 |
| Net Cash Inflow / Outflow | 9 | -6 | -0 | 2 | 1 | -2 | 11 | -11 |
| Closing Cash & Cash Equivalent | 23 | 7 | 2 | 4 | 6 | 0 | 11 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 22.78 | 27.97 | 34.52 | 47.65 | 48.35 | 27.06 | 48.17 | 16.45 |
| CEPS(Rs) | 52.95 | 61.68 | 85.49 | 88.58 | 106.44 | 62.54 | 85.33 | 61.05 |
| DPS(Rs) | 10 | 12.5 | 8 | 8 | 0 | 5 | 8 | 0 |
| Book NAV/Share(Rs) | 230.31 | 246.62 | 291.33 | 331.25 | 369.56 | 461.61 | 505.19 | 513.68 |
| Core EBITDA Margin(%) | 11.75 | 13.46 | 18.33 | 20.25 | 17.11 | 12.41 | 10.94 | 10.76 |
| EBIT Margin(%) | 7.32 | 8.34 | 14.7 | 14.83 | 12.53 | 8.22 | 11.07 | 6.29 |
| Pre Tax Margin(%) | 7.1 | 7.96 | 14.14 | 14.09 | 12.09 | 8.06 | 10.85 | 4.96 |
| PAT Margin (%) | 5.26 | 5.34 | 11.13 | 10.81 | 14.92 | 5.45 | 9.14 | 2.55 |
| Cash Profit Margin (%) | 12.22 | 11.77 | 17.36 | 18.45 | 21.98 | 12.59 | 16.19 | 11.21 |
| ROA(%) | 6.51 | 7.75 | 13.41 | 11.03 | 14.7 | 5.19 | 8.02 | 2.07 |
| ROE(%) | 9.89 | 11.73 | 20.37 | 16.66 | 20.62 | 6.51 | 9.96 | 2.72 |
| ROCE(%) | 12.43 | 16.17 | 22.44 | 18.7 | 14.78 | 8.84 | 10.71 | 5.68 |
| Receivable days | 54.85 | 47.75 | 57.81 | 70.59 | 70.4 | 74.58 | 78.12 | 76.99 |
| Inventory Days | 30.56 | 23.93 | 27.99 | 33.02 | 33.21 | 39.87 | 47.85 | 49.69 |
| Payable days | 74.67 | 67.66 | 76.59 | 70.8 | 62.2 | 48.07 | 41.2 | 43.98 |
| PER(x) | 44.52 | 52.41 | 38.51 | 21.42 | 14.84 | 15.75 | 17.02 | 59.9 |
| Price/Book(x) | 4.4 | 5.94 | 4.56 | 3.08 | 1.94 | 0.92 | 1.62 | 1.92 |
| Dividend Yield(%) | 0.99 | 0.85 | 0.6 | 0.78 | 0 | 1.17 | 0.98 | 0 |
| EV/Net Sales(x) | 2.64 | 3.2 | 3.18 | 2.32 | 1.57 | 0.94 | 1.68 | 2 |
| EV/Core EBITDA(x) | 16.54 | 19.33 | 13.54 | 10.06 | 8.02 | 6.13 | 9.29 | 13.4 |
| Net Sales Growth(%) | 0 | 20.7 | -5.94 | 6.45 | 3.5 | 2.5 | 6.09 | 3.35 |
| EBIT Growth(%) | 0 | 37.69 | 65.73 | -1.64 | -14.74 | -32.77 | 42.84 | -41.26 |
| PAT Growth(%) | 0 | 22.78 | 95.94 | -5.33 | 39.26 | -62.56 | 78 | -71.18 |
| EPS Growth(%) | 0 | 22.78 | 23.42 | 38.04 | 1.47 | -44.04 | 78.04 | -65.85 |
| Debt/Equity(x) | 0.11 | 0.16 | 0.24 | 0.21 | 0.14 | 0.09 | 0.16 | 0.21 |
| Current Ratio(x) | 1.42 | 1.19 | 1.27 | 1.34 | 1.42 | 2.05 | 2.04 | 1.58 |
| Quick Ratio(x) | 1.04 | 0.9 | 0.9 | 0.99 | 1 | 1.36 | 1.33 | 1.04 |
| Interest Cover(x) | 33.78 | 22.41 | 26.42 | 20.07 | 28.36 | 51.42 | 52.36 | 4.73 |
| Total Debt/Mcap(x) | 0.02 | 0.03 | 0.05 | 0.07 | 0.07 | 0.1 | 0.1 | 0.11 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 67.18 | 67.18 | 67.17 | 67.17 | 67.17 | 67.01 | 67 | 66.93 | 66.93 | 62.79 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 |
| Public | 32.81 | 32.8 | 32.82 | 32.82 | 32.81 | 32.97 | 32.97 | 33.06 | 33.06 | 37.2 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.57 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 |
* The pros and cons are machine generated.
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