ZFCVINDIA · NSE
ZF Commercial Vehicle Control Systems India Limited
₹2,387
-2.38% (-₹58.2)
Prev. close
₹2,445.2
Volume
3,51,520
Delivery %
73.5%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on ZF Commercial Vehicle Control Systems, expecting a 28% upside with a target price of ₹3,170 against the CMP o…” | ICICI Securities AnalysisICICI Securities | ZF Commercial Vehicle Control Systems | PENDING |
Fundamentals
About ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited manufactures and sells air brake actuation systems for commercial vehicles in India and internationally. The company offers various products for trucks, trailers, buses, coaches, and light commercial vehicles comprising advanced driver assistance systems (ADAS) and air disc brakes; intelligent trailer programs and tire pressure monitoring systems; collision mitigation systems, autonomous emergency braking systems, electro-pneumatic handbrakes (EPH), advanced braking system technologies, automatic transmissions, digital solutions, electric portal axles, integrated and modular electric central drives, air compressors, and software updates; continuous damping control products; and the SCALAR fleet orchestration platform for cargo transport, as well as auto ancillary parts. It also engages in software development and other services. The company exports its products to approximately 18 countries, including the Americas, Asia, Europe, and Africa. It serves automotive original equipment manufacturers (OEMs), distributors, government agencies, and retailers. The company was formerly known as WABCO India Limited and changed its name to ZF Commercial Vehicle Control Systems India Limited in March 2022. The company was incorporated in 2004 and is headquartered in Chennai, India. ZF Commercial Vehicle Control Systems India Limited operates as a subsidiary of WABCO Asia Private Limited.
Details
Sector
Consumer Cyclical
Industry
Auto Parts
CEO
Mr. Paramjit Singh Chadha
Headquarters
Chennai
Employees
2,491
Website
zf.com/mobile/en/company/investor_relations/zf_cv_india_investor_relations/zf_cv_india_ir.htmlExchange
View on NSE ↗Key stats
Market cap
₹27,165.37 Cr
P/E ratio (TTM)
2.7
Dividend yield
0.16%
EPS (TTM)
₹898.86
Beta (1Y · daily vs NIFTY 50)
0.71
Beta (5Y · monthly vs NIFTY 50)
0.47
Shares float
4.52 Cr
EPS · quarter ended Jun 2026
₹918.00
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based
05 · Capital Structure & Asset Utilization
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
07 · Debt Level & Coverage
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,863.50 Cr | ₹2,543.35 Cr | ₹3,444.25 Cr | ₹3,815.65 Cr | ₹3,830.96 Cr | ₹4,118.94 Cr | |
| EBITDA | ₹244.66 Cr | ₹290.08 Cr | ₹537.34 Cr | ₹661.24 Cr | ₹739.28 Cr | ₹830.26 Cr |
| ₹103.81 Cr | ₹142.07 Cr | ₹317.67 Cr | ₹406.45 Cr | ₹460.73 Cr | ₹517.15 Cr | |
| Diluted EPS | ₹9.12 | ₹12.48 | ₹27.91 | ₹35.71 | ₹40.48 | ₹45.44 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,496.31 Cr | ₹2,636.68 Cr | ₹3,022.38 Cr | ₹3,381.63 Cr | ₹3,785.19 Cr | ₹4,425.50 Cr | |
| ₹9.57 Cr | ₹3.89 Cr | ₹65.35 Cr | ₹68.44 Cr | ₹66.08 Cr | ₹54.82 Cr | |
| Stockholders' equity | ₹1,996.40 Cr | ₹2,114.08 Cr | ₹2,409.12 Cr | ₹2,790.32 Cr | ₹3,214.54 Cr | ₹3,690.58 Cr |
Fixed assets, Others, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — the missing years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹138.42 Cr | ₹138.26 Cr | ₹298.46 Cr | ₹192.86 Cr | ₹286.08 Cr | ₹810.16 Cr | |
| Investing cash flow | ₹-23.80 Cr | ₹-177.35 Cr | ₹-271.04 Cr | ₹-130.92 Cr | ₹-227.74 Cr | ₹-707.43 Cr |
| ₹-18.57 Cr | ₹-28.45 Cr | ₹-31.07 Cr | ₹-34.12 Cr | ₹-44.11 Cr | ₹-52.09 Cr | |
| Capital expenditure | ₹-5,346.87 Cr | ₹-2,258.61 Cr | ₹-127.82 Cr | ₹-198.32 Cr | ₹-166.35 Cr | ₹-145.93 Cr |
| End cash position | ₹156.79 Cr | ₹89.25 Cr | ₹86.48 Cr | ₹114.46 Cr | ₹129.60 Cr | ₹191.73 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Mar 24(11Q) | Jun 24–Sep 24(2Q) | Dec 24–Mar 25(2Q) | Jun 25–Jun 26(6Q) |
|---|---|---|---|---|
| Promoter | 75.00% | 67.49% | 63.16% | 60.00% |
| Public | 25.00% | 32.51% | 36.84% | 40.00% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| ZF Commercial Vehicle Control Systems India Limited | ₹27,827.72 Cr | ₹2,387 | 2.7 | 7.54 | 14.0% | 0.01 | +7.8% | -82.3% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 19
Concall transcripts
Show all 10
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
14 indices
Weight is a free-float market-cap-share estimate from NSE’s live index data, not NSE’s own published (and sometimes capped) index weight. Indices without a live weight feed are listed without one, in alphabetical order after the weighted ones.