Z F Steering Gear (India) Ltd
Incorporated in 1981, ZF Steering Gear (India) Ltd is in the business of production & assembling of steering systems for vehicles, buses, and tractors[1]
- Market Cap ₹ 1,414 Cr.
- Current Price ₹ 1,559
- High / Low ₹ 1,600 / 711
- Stock P/E 33.5
- Book Value ₹ 505
- Dividend Yield 0.51 %
- ROCE 9.96 %
- ROE 9.36 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.09 times its book value
- Earnings include an other income of Rs.35.6 Cr.
* 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
351 | 423 | 399 | 436 | 439 | 313 | 450 | 478 | 485 | |
304 | 359 | 317 | 351 | 384 | 272 | 394 | 425 | 435 | |
Operating Profit | 46 | 64 | 82 | 84 | 56 | 41 | 57 | 52 | 50 |
OPM % | 13% | 15% | 21% | 19% | 13% | 13% | 13% | 11% | 10% |
10 | 6 | -7 | 10 | 9 | 21 | 13 | 34 | 36 | |
Interest | 1 | 2 | 2 | 3 | 2 | 0 | 1 | 1 | 2 |
Depreciation | 27 | 31 | 28 | 33 | 31 | 31 | 32 | 34 | 35 |
Profit before tax | 28 | 38 | 45 | 58 | 31 | 30 | 36 | 52 | 49 |
Tax % | 26% | 33% | 30% | 25% | -39% | 39% | 32% | 16% | |
21 | 25 | 31 | 43 | 44 | 18 | 25 | 44 | 42 | |
EPS in Rs | 22.78 | 27.96 | 34.52 | 47.65 | 48.35 | 20.14 | 27.05 | 48.14 | 46.51 |
Dividend Payout % | 44% | 45% | 23% | 17% | 0% | 0% | 18% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | % |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -1% |
3 Years: | % |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 29% |
3 Years: | 50% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 203 | 215 | 255 | 291 | 326 | 386 | 410 | 449 |
23 | 35 | 62 | 64 | 46 | 34 | 43 | 77 | |
83 | 79 | 64 | 68 | 73 | 43 | 50 | 59 | |
Total Liabilities | 317 | 337 | 391 | 432 | 454 | 472 | 512 | 594 |
125 | 131 | 121 | 106 | 111 | 159 | 158 | 205 | |
CWIP | 4 | 7 | 0 | 1 | 26 | 2 | 7 | 30 |
Investments | 50 | 59 | 115 | 153 | 119 | 119 | 147 | 134 |
138 | 140 | 154 | 173 | 198 | 192 | 199 | 226 | |
Total Assets | 317 | 337 | 391 | 432 | 454 | 472 | 512 | 594 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
48 | 51 | 63 | 68 | 72 | 15 | 49 | 35 | |
-37 | -43 | -47 | -55 | -42 | -16 | -63 | -52 | |
-2 | -14 | -16 | -10 | -29 | -3 | 12 | 29 | |
Net Cash Flow | 9 | -6 | -0 | 2 | 1 | -4 | -2 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 62 | 56 | 70 | 77 | 64 | 105 | 87 | 75 |
Inventory Days | 53 | 39 | 60 | 58 | 54 | 110 | 73 | 79 |
Days Payable | 75 | 71 | 69 | 74 | 54 | 53 | 44 | 40 |
Cash Conversion Cycle | 40 | 25 | 61 | 61 | 64 | 162 | 115 | 114 |
Working Capital Days | 34 | 32 | 62 | 63 | 40 | 137 | 101 | 95 |
ROCE % | 15% | 16% | 18% | 9% | 8% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Aug - Newspaper Advertisements for AGM published today i.e. August 19, 2024.
- Business Responsibility and Sustainability Reporting (BRSR) 17 Aug
- Notice Of 44Th Annual General Meeting 17 Aug
- Reg. 34 (1) Annual Report. 17 Aug
- Board Meeting Outcome for Intimation For Outcome Of The Board Meeting Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 (The Listing Regulations). 10 Aug
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Apr 2023TranscriptNotesPPT
Business Overview:[1][2][3]
ZFSGL, promoted by the Munot family holding a 67.17% stake, is an IATF 16949:2016 certified manufacturer and supplier of Ball and Nut Integral Hydraulic Power and Worm and Roller Mechanical Steering Systems in India. The company operates as a tier-I supplier primarily serving the Commercial Vehicle segment, with minimal presence in the Personal Vehicle segment.