ZF Commercial Vehicle Control System India Ltd

ZF Commercial Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ZF Commercial Vehicle Control System India Ltd

₹ 14,445 -2.96%
22 Nov - close price
wabcoindia.com BSE: 533023 NSE: ZFCVINDIA
About

Operating under the ZF WABCO brand and part of ZF Group Commercial Vehicle Control Systems Division, WABCO INDIA Limited is India’s market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India.
It also provides software development and other services. Its headquarter is in Chennai, India

Key Points

Products and Services
The Company manufactures and markets braking products and systems for Trucks, Buses, Off-Highway, Defense, Cars, and Fleets. It also offers e-mobility technologies like e-compressors, Electronic Braking Systems, Electronic Stability Control, and Electronically Controlled Air Suspension. Additionally, it provides spare parts, after-sale services, digital services, retrofit solutions, workshop solutions, and professional training and consulting. [1][2] [3] [4]

New Products
The company has introduced new products such as doors with door control systems, air suspension systems, and air disc brakes. [5] In FY23, products like compressors, air supply units, vacuum pumps, actuators, and push-type connectors were launched to international and Indian OEMs. [6]

Website BSE NSE
  • Market Cap ₹ 27,388 Cr.
  • Current Price ₹ 14,445
  • High / Low ₹ 18,250 / 12,975
  • Stock P/E 66.9
  • Book Value ₹ 1,562
  • Dividend Yield 0.12 %
  • ROCE 21.0 %
  • ROE 15.5 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 9.25 times its book value
  • Promoter holding has decreased over last 3 years: -7.51%

* 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

Part of BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
617 653 782 798 793 876 977 967 992 899 959 946 911
554 594 693 700 685 756 833 826 846 765 813 807 771
Operating Profit 63 59 89 99 108 120 144 141 145 134 146 139 140
OPM % 10% 9% 11% 12% 14% 14% 15% 15% 15% 15% 15% 15% 15%
8 9 9 11 12 26 18 21 24 29 20 25 39
Interest 0 0 1 1 2 2 0 1 1 1 1 2 1
Depreciation 25 24 21 23 27 28 27 28 27 26 29 29 31
Profit before tax 45 43 77 86 90 116 135 134 141 135 136 134 146
Tax % 28% 26% 26% 28% 24% 26% 25% 25% 25% 26% 26% 26% 25%
32 32 57 62 69 85 101 100 106 101 100 99 109
EPS in Rs 17.00 16.79 29.84 32.90 36.19 45.03 53.36 52.58 55.72 53.16 52.83 52.42 57.53
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
2,543 3,444 3,816 3,714
2,291 2,974 3,249 3,155
Operating Profit 253 470 567 559
OPM % 10% 14% 15% 15%
38 67 95 114
Interest 2 6 5 5
Depreciation 92 105 110 115
Profit before tax 196 427 546 552
Tax % 27% 26% 26%
142 318 406 410
EPS in Rs 74.90 167.48 214.29 215.94
Dividend Payout % 16% 8% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 4%
Stock Price CAGR
10 Years: 13%
5 Years: 18%
3 Years: 21%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9
Reserves 2,105 2,400 2,781 2,954
0 0 0 63
523 613 591 568
Total Liabilities 2,637 3,022 3,382 3,594
536 587 673 675
CWIP 20 77 84 92
Investments 398 100 25 165
1,683 2,258 2,600 2,662
Total Assets 2,637 3,022 3,382 3,594

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
138 298 193
-177 -270 -131
-28 -31 -34
Net Cash Flow -68 -3 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 80 90
Inventory Days 32 26 27
Days Payable 79 60 60
Cash Conversion Cycle 49 47 57
Working Capital Days 56 46 62
ROCE % 19% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 67.49% 67.49%
0.78% 0.71% 0.94% 1.23% 1.27% 1.32% 1.27% 1.79% 2.01% 2.24% 3.74% 4.12%
16.30% 16.45% 16.23% 15.80% 16.12% 16.05% 16.13% 15.90% 15.78% 15.77% 21.20% 21.03%
7.92% 7.84% 7.83% 7.96% 7.62% 7.63% 7.58% 7.31% 7.21% 6.99% 7.59% 7.36%
No. of Shareholders 22,49922,11422,39227,56026,20625,38724,39524,37525,28924,09429,45728,862

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Credit ratings

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