Automobile and Auto Components · NIFTY 500
ZF Commercial Vehicle Control Systems India Limited
NSEZFCVINDIA
BSE533023 ISININE342J01019 SeriesEQ Listed on NSE · BSE
₹2,313.90 -22.30 (-0.95%) Updated 12 Nov, 8:49 pm IST
Price, daily close+7.02% in a year
Today
- Open
- ₹2,347.00
- Prev close
- ₹2,336.20
- Day high
- ₹2,380.00
- Day low
- ₹2,292.90
- Volume
- 41.7 K
- Value traded
- ₹9.81 Cr
- Upper circuit
- ₹2,803.40
- Lower circuit
- ₹1,869.00
- 52W high
- ₹3,044.00
- 52W low
- ₹2,051.00
- 1 month
- +8.32%
- 6 months
- -5.78%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹26,333 Cr
P/E (TTM)10.65
P/B7.14
Book value / share₹324.29
EPS (TTM)₹217.30
ROE10.7%
Dividend yield0.17%
Dividend (12m)₹4.00 / share
Net margin (TTM)9.4%
Operating margin12.9%
Debt / equity—
Current ratio5.30
EV / EBITDA40.01
Sales growth (YoY qtr)+9.29%
Profit growth (YoY qtr)-100.00%
Sales CAGR 3Y+6.14%
Profit CAGR 3Y+17.64%
Shares11.38 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Revenue · QoQ (vs last quarter)
—-9.4%+6.7%-1.3%-3.7%+5.7%+5.1%-3.6%-6.4%+18%+7.5%-7.7%
Revenue · YoY (vs a year ago)
————-8.1%+7.1%+5.6%+3.2%+0.3%+12%+14%+9.3%
Net profit · QoQ (vs last quarter)
—-4.6%-0.6%-100%—+15%+1.0%-3.4%-12%+29%+4.4%-100%
Net profit · YoY (vs a year ago)
————+3.3%+24%+26%—-0.8%+12%+15%-100%
RevenueNet profitLine = trend
Sep 23
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
EPS (₹) · YoY (vs a year ago)
————+3.2%+24%+26%+23%-0.8%+12%+15%-86%
EPS (₹)Line = trend
| ₹ Cr | Sep 23 | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 992 | 899 | 959 | 946 | 911 | 962 | 1,012 | 976 | 913 | 1,075 | 1,155 | 1,066 |
| Other income | 24.1 | 29.5 | 19.9 | 25.3 | 39.3 | 16.5 | 27.1 | 66.6 | 45.0 | 30.0 | 41.6 | 35.6 |
| Total income | 1,016 | 928 | 979 | 971 | 950 | 979 | 1,039 | 1,042 | 958 | 1,105 | 1,197 | 1,102 |
| Raw material | 613 | 544 | 596 | 550 | 531 | 542 | 607 | 556 | 520 | 596 | 686 | 638 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 117 | 116 | 118 | 137 | 133 | 140 | 129 | 150 | 144 | 146 | 170 | 170 |
| Other expenses | 115 | 95.7 | 115 | 109 | 111 | 98.9 | 118 | 129 | 119 | 124 | 112 | 125 |
| Total expenses | 875 | 793 | 842 | 838 | 804 | 818 | 870 | 878 | 812 | 911 | 1,000 | 962 |
| Operating profit | 145 | 134 | 146 | 139 | 140 | 177 | 175 | 132 | 134 | 191 | 190 | 138 |
| OPM % | 14.7% | 14.9% | 15.2% | 14.7% | 15.4% | 18.4% | 17.3% | 13.5% | 14.7% | 17.8% | 16.4% | 12.9% |
| Finance cost | 1.3 | 1.4 | 1.0 | 1.8 | 1.3 | 1.2 | 1.4 | 1.3 | 1.2 | 1.8 | 1.0 | 1.2 |
| Depreciation | 27.1 | 26.2 | 28.8 | 29.0 | 31.4 | 31.8 | 32.0 | 32.7 | 32.2 | 32.9 | 33.9 | 32.3 |
| Exceptional items | — | — | — | — | — | — | — | — | — | -7.9 | — | — |
| Profit before tax | 141 | 135 | 136 | 134 | 146 | 161 | 169 | 164 | 146 | 187 | 197 | 140 |
| Tax | 35.5 | 34.6 | 36.0 | 34.1 | 37.3 | 35.1 | 42.1 | 41.8 | 37.6 | 46.3 | 50.3 | 35.6 |
| Net profit | 106 | 101 | 100 | 99.4 | 109 | 125 | 127 | 122 | 108 | 140 | 146 | 104 |
| Profit to shareholders | — | — | — | 0.0 | — | — | — | — | — | — | — | 0.0 |
| EPS (₹) | 55.72 | 53.16 | 52.83 | 52.42 | 57.53 | 66.15 | 66.81 | 64.52 | 57.08 | 73.90 | 77.14 | 9.18 |
Profit & loss
Results for each year
5 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—+35%+11%+0.4%+7.5%
Net profit · YoY (vs a year ago)
—+124%+28%+13%+12%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,543 | 3,444 | 3,816 | 3,831 | 4,119 |
| Other income | 37.5 | 67.0 | 94.8 | 108 | 183 |
| Total expenses | 2,385 | 3,084 | 3,364 | 3,330 | 3,601 |
| Employee cost | 329 | 377 | 465 | 540 | 610 |
| Operating profit | 253 | 470 | 566 | 631 | 647 |
| OPM % | 9.9% | 13.7% | 14.8% | 16.5% | 15.7% |
| Finance cost | 1.9 | 5.7 | 5.0 | 5.7 | 5.3 |
| Depreciation | 92.4 | 105 | 110 | 124 | 132 |
| Profit before tax | 196 | 427 | 546 | 609 | 693 |
| Tax | 53.7 | 109 | 140 | 149 | 176 |
| Tax rate % | 27.4% | 25.6% | 25.6% | 24.4% | 25.4% |
| Net profit | 142 | 318 | 406 | 461 | 517 |
| Net margin % | 5.6% | 9.2% | 10.7% | 12.0% | 12.6% |
| EPS (₹) | 74.90 | 167.48 | 214.28 | 242.90 | 272.65 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Shareholders' equity · YoY (vs a year ago)
—+16%+15%+15%
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 |
|---|---|---|---|---|
| Shareholders' equity | 2,409 | 2,790 | 3,215 | 3,691 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 |
| Current liabilities | 536 | 510 | 490 | 659 |
| Fixed assets (PPE) | 575 | 659 | 723 | 720 |
| Inventories | 157 | 175 | 191 | 281 |
| Trade receivables | 758 | 936 | 1,120 | 942 |
| Cash & equivalents | 86.5 | 114 | 130 | 192 |
| Current assets | 2,239 | 2,475 | 2,842 | 3,493 |
| Total assets | 3,022 | 3,382 | 3,785 | 4,425 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+116%-35%+48%+183%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 138 | 298 | 193 | 286 | 810 |
| Cash from investing | -177 | -271 | -131 | -228 | -707 |
| Cash from financing | -28.5 | -31.1 | -34.1 | -44.1 | -52.1 |
| Spent on fixed assets | -101 | -128 | -195 | -167 | -146 |
| Free cash flow | 37.5 | 171 | -2.4 | 119 | 664 |
| Net cash flow | -67.5 | -3.7 | 27.8 | 14.2 | 50.6 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
60.0%promoter
- Promoter & group
- 60.00%
- Public (FIIs, mutual funds, retail…)
- 40.00%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 4 Per Share
- Bonus 5:1
- Dividend - Rs 19 Per Share
- Dividend - Rs 17 Per Share
- Dividend - Rs 13 Per Share
- Annual General Meeting/Dividend - Rs 12 Per Share
- Dividend - Rs 11 Per Share
- Interim Dividend- Rs 10 Per Share
Board meetings
- the financial results for the period ended September 30, 2026
- ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider an…
- the financial results for the period ended Jun 30, 2026
- ZF Commerical Vehicle Control Systems India Limited has informed the Exchange about Board Meeting to be held on 24-Jul-2026 to inter-alia consider an…
- the financial results for the period ended March 31, 2026, dividend and bonus
Filings with NSE
- Analysts/Institutional Investor Meet/Con. Call Updates
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Action(s) taken or orders passed
- Press Release
- Trading Window
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
Latest news
ZF Commercial Vehicle Control Systems Q1 profit falls 15% despite higher revenue; margin narrowsCNBC TV18 · 24 Jul, 12:30 pmZF Commercial Vehicle Control Share Price Jumps 8% To Hit 52-Week High On 5:1 Bonus IssueNDTV Profit · 24 Jun, 12:30 pmZF Commercial Vehicle Control Systems India (ZFCVINDI) Share Price near 52-week low as stock slips 2.3%Univest · 21 Oct, 12:30 pmIs Now The Time To Put ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) On Your Watchlist?Simply Wall St · 8 Jul, 12:30 pmZF Commercial Vehicle Control Systems India Reopens Special Window for Physical Share Transfer Requestsscanx.trade · 22 Apr, 12:30 pmZF Commercial Vehicle Control System India Ltd Share Price Today NSE/BSE ChartsAlice Blue · 31 Aug, 5:36 pmZFCVINDIA Share Price Today - ZF Commercial Vehicle Control System India Stock AnalysisEquitypandit · 9 Jan, 4:31 amZF Commercial Vehicle Control Systems India Ltd. Share Price Live TodayCNBC TV18 · 3 Jan, 12:15 pmAbout
About ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited is listed on the NSE under the symbol ZFCVINDIA and belongs to the Automobile and Auto Components sector.
Company details
- Company name
- ZF Commercial Vehicle Control Systems India Limited
- NSE symbol
- ZFCVINDIA
- BSE scrip code
- 533023
- ISIN
- INE342J01019
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 1 Oct 2008
- Face value
- ₹5 per share
- Market lot
- 1 share
- Shares issued
- 11.38 crore
- Index
- NIFTY 500
- Sector (NSE)
- Automobile and Auto Components
- Industry
- Auto Parts: OEM
- Managing director / CEO
- Paramjit Singh Chadha
- Chair
- Akash Passey
- Headquarters
- Chennai, Tamil Nadu, India
- Founded
- 2004
- Employees
- 3,364
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- zf.com
Peers
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.