ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA)
₹2,101.50
Mkt cap
₹23,916 Cr
P/E ratio
48.70
P/B
6.51
Div yield
0.19%
ROE
14.40%
ROCE
19.10%
EPS (TTM)
₹43.15
Book value
₹323
52W range
2,050–3,044
Sector
Consumer Discretionary
Price history
Previous close
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
NSE ZFCVINDIABSE 533023
Health check
Cautious
ValuationExpensive
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−30.96% from high₹2,102
₹2,050+2.49% from low₹3,044
Current
₹2,101.50
Prev close
₹2,103.40
Day
−0.09%
Price performance
1D
−0.77%
1W
−2.13%
1M
−9.17%
3M
−12.35%
6M
−14.97%
1Y
−3.67%
YTD
−16.17%
Financials
Revenue, profit & margin
P/E ratio
48.7×
ZFCVINDIA is 75% above the sector median of 27.8×
ZFCVINDIA48.7×
Sector median27.8×
| 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 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 961 | 981 | 887 | 956 | 938 | 907 | 956 | 1,003 | 963 | 902 | 1,058 | 1,133 | 1,042 | |
| Expenses | 819 | 837 | 756 | 809 | 800 | 767 | 781 | 831 | 835 | 770 | 863 | 950 | 911 | |
| Operating Profit | 141 | 144 | 131 | 147 | 138 | 139 | 175 | 172 | 128 | 132 | 195 | 183 | 130 | |
| OPM % | 15% | 15% | 15% | 15% | 15% | 15% | 18% | 17% | 13% | 15% | 18% | 16% | 12% | |
| Other Income | 21 | 24 | 30 | 20 | 26 | 40 | 17 | 27 | 67 | 45 | 24 | 42 | 36 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Depreciation | 28 | 27 | 26 | 29 | 29 | 31 | 31 | 32 | 32 | 32 | 32 | 33 | 32 | |
| Profit before tax | 134 | 140 | 134 | 137 | 133 | 147 | 160 | 167 | 161 | 144 | 185 | 190 | 134 | |
| Tax % | 25% | 25% | 25% | 26% | 26% | 25% | 22% | 25% | 26% | 26% | 25% | 26% | 26% | |
| Net Profit | 100 | 104 | 100 | 101 | 99 | 109 | 125 | 125 | 120 | 106 | 139 | 141 | 99 | |
| EPS in Rs | 8.77 | 9.17 | 8.75 | 8.88 | 8.72 | 9.61 | 10.98 | 11.00 | 10.56 | 9.36 | 12.19 | 12.42 | 8.71 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +1.13% · closed higher next day 37 of last 61
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 27 Oct '23◦ | 30 Jan '24◦ | 25 May '24◦ | 22 Jul '24◦ | 8 Nov '24◦ | 6 Feb '25◦ | 15 May '25◦ | 12 Aug '25◦ | 4 Nov '25◦ | 10 Feb '26◦ | 13 May '26◦ | 24 Jul '26 |
| Earnings day | −1.09% | +0.15% | +20.00% | −1.08% | −0.84% | +9.30% | −1.92% | −1.20% | −0.39% | +4.80% | −2.11% | −1.91% |
| +1 day | −1.28% | −5.45% | +26.65% | −1.15% | −0.09% | +8.11% | +1.42% | −0.17% | −1.34% | +3.92% | +0.64% | −2.82% |
| +5 days | +1.04% | −9.39% | +28.30% | +2.53% | −0.52% | −1.18% | −4.35% | +6.07% | −0.40% | +2.21% | +2.84% | +2.20% |
| +15 days | +2.45% | −11.53% | +27.49% | −1.37% | −15.91% | −1.49% | +2.79% | −1.74% | +1.89% | −5.86% | +0.03% | +11.45% |
| +30 days | −1.91% | −13.03% | +18.61% | +0.54% | −21.47% | +10.49% | +0.13% | −8.60% | +16.88% | −10.13% | +11.73% | +7.87% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 4 Per Share | 4.00 | 10 Jul '26 | 10 Jul '26 |
| bonus Bonus 5:1 | 5.00 | 24 Jun '26 | 24 Jun '26 |
Shareholding
as of Sep 202660.00%Promoter
Promoters60.00%
FIIs5.07%0.86
DIIs25.48%0.03
Public9.43%0.81
Ownership trend
Peers
8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Samvardh. Mothe. | ₹156.50 | 36.50 | 1,66,792 | 0.38% | 1,076 | +81.52% | 35,244 | +16.65% | 13.43% |
| Bosch | ₹47,200.00 | 58.91 | 1,39,222 | 0.57% | 706 | +5.20% | 5,842 | +22.00% | 21.54% |
| Bharat Forge | ₹1,720.00 | 83.24 | 84,051 | 0.49% | −90 | −57.72% | 4,640 | +18.71% | 12.61% |
| Uno Minda | ₹1,082.50 | 51.14 | 62,511 | 0.24% | 316 | +1.76% | 5,557 | +23.79% | 19.65% |
| Schaeffler India | ₹3,574.00 | 41.23 | 55,863 | 0.98% | 370 | +20.78% | 3,006 | +27.36% | 27.90% |
| Sona BLW Precis. | ₹890.50 | 68.96 | 55,672 | 0.38% | 197 | +17.84% | 1,377 | +30.28% | 15.11% |
| Tube Investments | ₹2,120.00 | 65.48 | 41,037 | 0.17% | 294 | −15.25% | 6,215 | +17.07% | 17.14% |
| ZF Commercial | ₹2,101.50 | 48.66 | 23,916 | 0.19% | 99 | −17.53% | 1,042 | +8.15% | 19.08% |
| Median: 131 Co. | ₹431.70 | 27.82 | 1,513 | 0.35% | 13 | +27.66% | 266 | +22.30% | 16.44% |
Filings
Annual reports15
Concall transcripts34
PPTSep 2026TranscriptAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025TranscriptMay 2025PPTMay 2025TranscriptFeb 2025TranscriptNov 2024PPTNov 2024TranscriptJul 2024TranscriptJun 2024PPTJun 2024TranscriptFeb 2024TranscriptNov 2023TranscriptJul 2023TranscriptMay 2023RECMay 2023TranscriptFeb 2023TranscriptNov 2022
Credit ratings2
Announcements5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 OctAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 2 Oct - Commissioner (Appeals) set aside Rs1.79 crore IGST demand and Rs17.9 lakh penalty for FY21.Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Sep - ZF CVCS India secured NABL accreditation for its Hemi Anechoic Chamber, valid until July 2030.Closure of Trading Window 25 SepAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 21 Sep - Analyst/institutional investor meeting held on September 21, 2026 in Mumbai; operational overview discussed.