ZFCVINDIA
ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) Stock Analysis
ZF Commercial Vehicle Control Systems India Limited manufactures air brakes, suspension, and control systems for commercial vehicles in India. It is part of the global ZF Group supplying OEMs and aftermarket fleets. The company supports truck and bus safety and efficiency components. It is listed on Indian stock exchanges.
Consumer Cyclical › Auto Parts
₹2,157.00
+3.59% 1W | +0.30% 52W
Market Cap
24.5k CR
P/E Ratio
2.3
52W High
₹3044
52W Low
₹2050.3
Div. Yield
0.19%
Beta
–
50 DMA
₹2451.1
200 DMA
₹2432.8
Profit Margin
11.9%
Inst. Own.
26.4%
📊 ANALYZING TREND
🛑 HIT RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 967 | 992 | 899 | 959 | 946 | 911 | 962 | 1,012 | 976 | 913 | 1,075 | 1,155 | 1,066 |
| Expenses | 826 | 846 | 765 | 813 | 807 | 771 | 785 | 837 | 844 | 779 | 876 | 965 | 928 |
| Operating Profit | 141 | 145 | 134 | 146 | 139 | 140 | 177 | 175 | 132 | 134 | 199 | 190 | 138 |
| OPM % | 15% | 15% | 15% | 15% | 15% | 15% | 18% | 17% | 13% | 15% | 19% | 16% | 13% |
| Other Income | 21 | 24 | 29 | 20 | 25 | 39 | 17 | 27 | 67 | 45 | 22 | 42 | 36 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 28 | 27 | 26 | 29 | 29 | 31 | 32 | 32 | 33 | 32 | 33 | 34 | 32 |
| Profit before tax | 134 | 141 | 135 | 136 | 134 | 146 | 161 | 169 | 164 | 146 | 187 | 197 | 140 |
| Tax % | 25% | 25% | 26% | 26% | 26% | 25% | 22% | 25% | 25% | 26% | 25% | 26% | 25% |
| Net Profit | 100 | 106 | 101 | 100 | 99 | 109 | 125 | 127 | 122 | 108 | 140 | 146 | 104 |
| EPS in Rs | 8.76 | 9.29 | 8.86 | 8.80 | 8.74 | 9.59 | 11.02 | 11.14 | 10.75 | 9.51 | 12.32 | 12.86 | 9.18 |
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 2,543 | 3,444 | 3,816 | 3,831 | 4,119 | 4,210 |
| Expenses | 2,291 | 2,974 | 3,249 | 3,199 | 3,462 | 3,548 |
| Operating Profit | 253 | 470 | 567 | 632 | 657 | 661 |
| OPM % | 10% | 14% | 15% | 16% | 16% | 16% |
| Other Income | 38 | 67 | 95 | 108 | 173 | 144 |
| Interest | 2 | 6 | 5 | 6 | 5 | 5 |
| Depreciation | 92 | 105 | 110 | 124 | 132 | 131 |
| Profit before tax | 196 | 427 | 546 | 609 | 693 | 669 |
| Tax % | 27% | 26% | 26% | 24% | 25% | |
| Net Profit | 142 | 318 | 406 | 461 | 517 | 499 |
| EPS in Rs | 12.48 | 27.91 | 35.72 | 40.49 | 45.44 | 43.87 |
| Dividend Payout % | 16% | 8% | 8% | 8% | 1% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 6.0% | – | – |
| Profit CAGR | 17.0% | – | – |
Shareholding Pattern
Promoters60.00%
FIIs5.73%
DIIs26.36%
Public7.91%
Promoters60.00%
FIIs5.79%
DIIs26.25%
Public7.96%
Promoters60.00%
FIIs5.37%
DIIs26.68%
Public7.94%
Promoters60.00%
FIIs5.79%
DIIs26.21%
Public8.00%
Promoters60.00%
FIIs5.93%
DIIs25.45%
Public8.62%
Promoters75.00%
FIIs1.32%
DIIs16.05%
Public7.63%
Promoters75.00%
FIIs2.24%
DIIs15.77%
Public6.99%
Promoters63.16%
FIIs5.57%
DIIs23.32%
Public7.95%
Promoters60.00%
FIIs5.79%
DIIs26.21%
Public8.00%
Promoters60.00%
FIIs5.93%
DIIs25.45%
Public8.62%
ZFCVINDIA
Holdings Analysis
Key strengths & risk signals
64
Overall
74
Fundamental
54
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0.17% yield - little to no income.
WEAK POSITION! Current price (2320.6) is below both moving averages.
NEGATIVE MOMENTUM! Price declined across timeframes - down 3.7% (1 week), 12.8% (1 month), 84.5% (3 months).
POSITIVE YEAR! Stock gained 4.7% in the last year.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (2450.5) is above 200-day average (2390.3) - positive signal.
OVERSOLD! RSI at 14.1 - potential bounce opportunity.
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.
Fundamental & Technical Analysis
64Overall
74Fundamental
54Technical
Fundamental Breakdown
Growth Quality
21/30
Revenue CAGR: 6.2% (MODERATE, 8/15). Profit CAGR: 17.6% (VERY GOOD, 13/15).
Profit Margin
5/10
DECENT EFFICIENCY! 12.6% profit margin - acceptable profitability.
PEG Valuation
5/10
OVERVALUED! PEG of 2.90 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.17% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.02 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 7.58% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (2450.5) is above 200-day average (2390.3) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (2320.6) is below both moving averages.
Trend Pattern
10/20
Current trend: CONSOLIDATING DOWN
52W Performance
4/10
POSITIVE YEAR! Stock gained 4.7% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 10 up days, 20 down days. Avg volume on up days: 195,365 vs down days: 225,950. Ratio: 0.86x
RSI
5/5
OVERSOLD! RSI at 14.1 - potential bounce opportunity.
52W Range
2/5
LOWER HALF! Trading at 27.2% of 52W range - weakness visible.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 3.7% (1 week), 12.8% (1 month), 84.5% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.
ZFCVINDIA
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-03 | Concall PDF | |
| Q4FY262026-05-21 | Concall PDF | |
| Q3FY262026-02-17 | Concall PDF | |
| Q2FY262025-11-12 | Concall PDF |
Peer Comparison
Consumer Cyclical · Auto Parts · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZFCVINDIA | ₹2,157.00 | 2.3 | 11.9% | 6.2% | 17.6% | +0.3% | 64 | HIT RESISTANCE | -14.6% | -28.6% | +9.3% | -7.1% |
| ASAHIINDIA | ₹923.50 | 53.8 | 8.5% | 7.0% | -1.9% | +1.8% | 51 | BREAKDOWN | +165.3% | +12.5% | +14.2% | +5.0% |
| MSUMI | ₹35.40 | 37.3 | 5.1% | 17.6% | 8.7% | -24.4% | 58 | BOUNCE FROM SUPPORT | +1.5% | -13.2% | +36.4% | +1.7% |
| SANSERA | ₹4,120.70 | 79.4 | 9.3% | 18.0% | 26.0% | +183.1% | 76 | BREAKDOWN | +39.9% | -28.3% | +33.2% | +2.2% |
| TVSHLTD | ₹11,507.00 | 11.8 | 3.6% | 19.3% | 37.7% | -19.2% | 64 | BOUNCE FROM SUPPORT | +81.8% | +43.9% | +33.2% | +8.7% |
| SUNDRMFAST | ₹1,110.90 | 38.2 | 9.3% | 3.6% | 6.1% | +15.2% | 63 | BREAKDOWN | +13.5% | +4.3% | +20.4% | +9.0% |
| APOLLOTYRE | ₹408.90 | 15.1 | 5.8% | 5.4% | 9.5% | -18.1% | 65 | BOUNCE FROM SUPPORT | +2,604.7% | -44.7% | +12.8% | +0.8% |
| BELRISE | ₹231.50 | 38.7 | 5.2% | 13.5% | 16.6% | +53.4% | 77 | BOUNCE FROM SUPPORT | +9.0% | -6.5% | +12.6% | -0.2% |
Data from TradeAlone · Updated daily
