ZF Commercial Vehicle Control Systems India Limited (IN:ZFCVINDIA)
:ZFCVINDIA
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ZF Commercial Vehicle Control Systems India Limited
(ZFCVINDIA)
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Rating:68Neutral
Price Target:
₹17,278.00
▲(16.44% Upside)
Action:ReiteratedDate:12/02/25
The overall stock score of 68 reflects strong financial performance and positive technical trends, tempered by high valuation concerns. The company's robust revenue growth and financial stability are significant strengths, but the high P/E ratio and overbought technical indicators suggest caution. The absence of earnings call data and notable corporate events means these factors did not influence the score.
Positive Factors
Balance Sheet Strength
Extremely low leverage and a high equity ratio provide durable financial flexibility to fund program ramps, absorb cyclical downturns in commercial-vehicle demand, and finance capex or product development without stressing liquidity or needing frequent external capital.
Negative Factors
End-market Cyclicality & OEM Exposure
Revenue and earnings are structurally tied to commercial-vehicle production cycles and OEM program wins; downturns in truck/bus demand or loss of platform business can materially swing revenues and utilization, creating durable volatility in results over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage and a high equity ratio provide durable financial flexibility to fund program ramps, absorb cyclical downturns in commercial-vehicle demand, and finance capex or product development without stressing liquidity or needing frequent external capital.
Read all positive factors
ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹264.81B
Dividend Yield0.13%
Average Volume (3M)367.00
Price to Earnings (P/E)50.3
Beta (1Y)0.51
Revenue Growth4.02%
EPS Growth17.88%
CountryIN
Employees2,350
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)77.30
Shares Outstanding18,967,585
10 Day Avg. Volume237
30 Day Avg. Volume367
Financial Highlights & Ratios
PEG Ratio4.04
Price to Book (P/B)7.73
Price to Sales (P/S)6.55
P/FCF Ratio207.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹19,000.00Price Target Upside28.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)301.38
Revenue Forecast (FY)₹45.34B
ZF Commercial Vehicle Control Systems India Limited Business Overview & Revenue Model
Company Description
ZF Commercial Vehicle Control Systems India Limited designs, develops, manufactures, and sells automotive products in India and internationally. The company offers active and passive safety systems, steering systems, clutch systems, axle systems, ...
How the Company Makes Money
ZF Commercial Vehicle Control Systems India Limited generates revenue primarily through the sale of its high-tech control systems and components to manufacturers of commercial vehicles. Key revenue streams include direct sales of control units, so...
ZF Commercial Vehicle Control Systems India Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.61B | 37.94B | 37.84B | 34.16B | 25.22B | 18.40B |
| Gross Profit | 13.30B | 14.32B | 12.90B | 10.78B | 7.74B | 6.31B |
| EBITDA | 7.73B | 7.39B | 6.61B | 5.37B | 2.90B | 2.45B |
| Net Income | 4.83B | 4.61B | 4.06B | 3.18B | 1.42B | 1.04B |
Balance Sheet | ||||||
| Total Assets | 40.13B | 37.85B | 33.82B | 30.22B | 26.37B | 24.96B |
| Cash, Cash Equivalents and Short-Term Investments | 18.98B | 14.96B | 13.20B | 12.65B | 10.62B | 10.97B |
| Total Debt | 616.01M | 660.83M | 684.36M | 653.45M | 38.86M | 95.70M |
| Total Liabilities | 6.01B | 5.71B | 5.91B | 6.13B | 5.23B | 5.00B |
| Stockholders Equity | 34.11B | 32.15B | 27.90B | 24.09B | 21.14B | 19.96B |
Cash Flow | ||||||
| Free Cash Flow | 3.87B | 1.20B | -54.62M | 1.71B | -382.34M | 683.43M |
| Operating Cash Flow | 4.46B | 2.86B | 1.93B | 2.98B | 1.38B | 1.38B |
| Investing Cash Flow | -3.74B | -2.28B | -1.31B | -2.71B | -1.77B | -237.98M |
| Financing Cash Flow | -430.61M | -441.14M | -341.16M | -310.70M | -284.50M | -185.72M |
ZF Commercial Vehicle Control Systems India Limited Technical Analysis
Positive
14838.20
Price Trends
14541.09
Positive
14289.37
Positive
13830.65
Positive
Market Momentum
-241.55
Negative
56.35
Neutral
77.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZFCVINDIA, the sentiment is Positive. The current price of 14838.2 is above the 20-day moving average (MA) of 13883.81, above the 50-day MA of 14541.09, and above the 200-day MA of 13830.65, indicating a bullish trend. The MACD of -241.55 indicates Negative momentum. The RSI at 56.35 is Neutral, neither overbought nor oversold. The STOCH value of 77.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ZFCVINDIA.
ZF Commercial Vehicle Control Systems India Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹87.22B | 37.50 | ― | 0.41% | 20.94% | 45.63% | |
68 Neutral | ₹264.81B | 50.33 | ― | 0.13% | 4.02% | 17.88% | |
66 Neutral | ₹251.69B | 103.51 | ― | 1.18% | 4.81% | 15.08% | |
66 Neutral | ₹157.73B | 37.63 | ― | 0.84% | 3.59% | 1.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹75.78B | 36.90 | ― | 0.39% | 6.65% | -4.29% | |
59 Neutral | ₹162.14B | 42.81 | ― | 0.07% | 54.58% | -12.30% |
* Industrials Sector Average
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ZF Commercial Vehicle Control Systems India Limited Corporate Events
ZF Commercial Vehicle Systems Says Harman ADAS Deal Will Not Affect Its India CV Business
Jan 14, 2026
ZF Commercial Vehicle Control Systems India Limited has clarified that the recently announced sale by its ultimate holding company, ZF Friedrichshafen AG, of certain Advanced Driver Assistance Systems (ADAS) activities to Harman International Inc....
ZF Commercial Vehicle Control Systems India Announces Postal Ballot Results and New Board Appointment
Dec 19, 2025
ZF Commercial Vehicle Control Systems India Limited has disclosed to the stock exchanges the results of its 10th postal ballot, conducted entirely via remote e-voting between November 19 and December 18, 2025, with 34,454 shareholders on the cut-o...
ZF Commercial Vehicle Control Systems India to Engage with Key Analysts and Investors
Dec 5, 2025
ZF Commercial Vehicle Control Systems India Limited announced that its management will engage in one-on-one virtual meetings with key analysts and institutional investors from SBI Mutual Fund and ENAM AMC on December 9, 2025. These interactions ar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.