ZF Commercial Vehicle Control System India Ltd
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
- Market Cap ₹ 20,491 Cr.
- Current Price ₹ 10,808
- High / Low ₹ 18,250 / 9,561
- Stock P/E 47.2
- Book Value ₹ 1,562
- Dividend Yield 0.16 %
- ROCE 21.0 %
- ROE 15.5 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- Promoter holding has decreased over last quarter: -4.33%
* 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 SmallCap BSE Consumer Discretionary BSE Allcap Nifty LargeMidcap 250 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 2,543 | 3,444 | 3,816 | 3,778 | |
| 2,291 | 2,974 | 3,249 | 3,176 | |
| Operating Profit | 253 | 470 | 567 | 602 |
| OPM % | 10% | 14% | 15% | 16% |
| 38 | 67 | 95 | 101 | |
| Interest | 2 | 6 | 5 | 5 |
| Depreciation | 92 | 105 | 110 | 121 |
| Profit before tax | 196 | 427 | 546 | 577 |
| Tax % | 27% | 26% | 26% | |
| 142 | 318 | 406 | 434 | |
| EPS in Rs | 74.90 | 167.48 | 214.29 | 228.92 |
| Dividend Payout % | 16% | 8% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 12% |
| 1 Year: | -25% |
| 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% |
Documents
Announcements
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Update Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (LODR)
2d - Mr. Jose Raj declines HR Head position.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
2d - Postal ballot for related party transactions approval.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Feb - Transcript of Investor Call held for the quarter ended 31st December 2024
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Feb - Company received order for recovery of excess ITC.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Feb - Recording of Q3 FY 2024-25 earnings call uploaded.
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 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Feb 2025TranscriptPPT
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Nov 2024Transcript PPT
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Jul 2024TranscriptPPT
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Jun 2024Transcript PPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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May 2023TranscriptPPTREC
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Nov 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptPPT
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Aug 2019TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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]