ZF Commercial Vehicle Control Systems India Ltd
ZF Commercial Vehicle Control Systems India Ltd (ZFCVINDIA) last reported results for the quarter ended Jun 2026, with sales of ₹1,066 crore and net profit of ₹104 crore. The stock last traded at ₹2,180, a market capitalisation of ₹24,807 crore, on a P/E of 49.1. Over the past 52 weeks the stock has ranged between ₹2,050 and ₹3,044. Figures are as of 6 Oct 2026 and are not real time.
ZF Commercial Vehicle Control Systems India Ltd share price and key metrics
- Current price
- ₹2,180
- Market cap
- ₹24,807 cr
- Stock P/E
- 49.1
- Book value
- ₹324
- ROE
- 14.6%
- ROCE
- 19.4%
- Dividend yield
- 0.18%
- 52w high / low
- 3044/2050
Metrics as of 6 Oct 2026. Not real time.
Track ZF Commercial Vehicle Control Systems India Ltd
Cruxal reads every ZF Commercial Vehicle Control Systems India Ltd filing as it lands, scores what it means for the stock, and emails you the ones that matter. Free to start.
ZF Commercial Vehicle Control Systems India Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 6%
- TTM
- 9%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 17%
- TTM
- 4%
- 10 Years
- 8%
- 5 Years
- 13%
- 3 Years
- -4%
- 1 Year
- -3%
- 10 Years
- %
- 5 Years
- 13%
- 3 Years
- 15%
- Last Year
- 15%
ZF Commercial Vehicle Control Systems India Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,066 cr, up 9.2% from ₹976 cr a year earlier. Net profit was ₹104 cr, down 14.8% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 911 | 962 | 1,012 | 976 | 913 | 1,075 | 1,155 | 1,066 |
| Expenses | 771 | 785 | 837 | 844 | 779 | 876 | 965 | 928 |
| Operating profit | 140 | 177 | 175 | 132 | 134 | 199 | 190 | 138 |
| OPM % | 15% | 18% | 17% | 13% | 15% | 19% | 16% | 13% |
| Other income | 39 | 17 | 27 | 67 | 45 | 22 | 42 | 36 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 31 | 32 | 32 | 33 | 32 | 33 | 34 | 32 |
| Profit before tax | 146 | 161 | 169 | 164 | 146 | 187 | 197 | 140 |
| Tax % | 25% | 22% | 25% | 25% | 26% | 25% | 26% | 25% |
| Net profit | 109 | 125 | 127 | 122 | 108 | 140 | 146 | 104 |
| EPS (₹) | 9.59 | 11.02 | 11.14 | 10.75 | 9.51 | 12.32 | 12.86 | 9.18 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
ZF Commercial Vehicle Control Systems India Ltd annual results
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 2,543 | 3,444 | 3,816 | 3,831 | 4,119 | 4,210 |
| Operating profit | 253 | 470 | 567 | 632 | 657 | 661 |
| OPM % | 10% | 14% | 15% | 16% | 16% | 16% |
| Net profit | 142 | 318 | 406 | 461 | 517 | 499 |
| EPS (₹) | 12.48 | 27.91 | 35.72 | 40.49 | 45.44 | 43.87 |
TTM is the trailing twelve months to the most recent quarter.
ZF Commercial Vehicle Control Systems India Ltd balance sheet
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 9 | 9 | 9 | 9 | 9 |
| Reserves | 2,105 | 2,400 | 2,781 | 3,205 | 3,681 |
| Borrowings | 0 | 0 | 0 | 66 | 55 |
| Other liabilities | 523 | 613 | 591 | 505 | 680 |
| Total liabilities | 2,637 | 3,022 | 3,382 | 3,785 | 4,426 |
| Fixed assets | 536 | 587 | 673 | 736 | 732 |
| CWIP | 20 | 77 | 84 | 68 | 61 |
| Investments | 398 | 100 | 25 | 30 | 605 |
| Other assets | 1,683 | 2,258 | 2,600 | 2,950 | 3,028 |
| Total assets | 2,637 | 3,022 | 3,382 | 3,785 | 4,426 |
As reported by the company. Total assets equal total liabilities by construction.
ZF Commercial Vehicle Control Systems India Ltd cash flow
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 138 | 298 | 193 | 286 | 810 |
| Cash from investing | -177 | -270 | -131 | -227 | -696 |
| Cash from financing | -28 | -31 | -34 | -44 | -52 |
| Net cash flow | -68 | -3 | 28 | 15 | 62 |
| Free cash flow | -38 | 171 | -5 | 121 | 667 |
| CFO / operating profit | 82% | 87% | 66% | 67% | 144% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
ZF Commercial Vehicle Control Systems India Ltd operating ratios
| Per year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROCE % | — | 19% | 21% | 20% | 19% |
| Debtor days | 96 | 80 | 90 | 107 | 83 |
| Inventory days | 32 | 26 | 27 | 31 | 43 |
| Days payable | 79 | 60 | 60 | 58 | 71 |
| Cash conversion cycle | 49 | 47 | 57 | 80 | 56 |
| Working capital days | 56 | 46 | 62 | 82 | 54 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
ZF Commercial Vehicle Control Systems India Ltd shareholding pattern
Promoters held 60.00% at Jun 2026, broadly unchanged since Jun 2025. FIIs 5.93% and DIIs 25.45%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 67.49% | 63.16% | 63.16% | 60.00% | 60.00% | 60.00% | 60.00% | 60.00% |
| FIIs | 4.12% | 5.11% | 5.57% | 5.73% | 5.79% | 5.37% | 5.79% | 5.93% |
| DIIs | 21.03% | 23.85% | 23.32% | 26.36% | 26.25% | 26.68% | 26.21% | 25.45% |
| Public | 7.36% | 7.87% | 7.95% | 7.91% | 7.96% | 7.94% | 8.00% | 8.62% |
| No. of shareholders | 28,862 | 34,269 | 33,904 | 33,640 | 32,238 | 32,410 | 31,657 | 41,406 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
ZF Commercial Vehicle Control Systems India Ltd corporate filings
- Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- ZF Commercial Vehicle Control Systems India Limited receives a favorable order from the Commissioner (Appeals) nullifying Rs. 1.79 crore IGST demand for FY 2020-21Company Updatemedium impact
Cruxal's analysis: ZF India has secured a positive regulatory outcome, with the appellate authority setting…
Read the full analysis - ZF CVCS India Secures NABL Accreditation for Hemi Anechoic Chamber, Enhancing Vehicle Validation CapabilitiesCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Ltd announced on September 30, 2026, that it…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- ZF Commercial Vehicle Control Systems India Ltd reports outcome of analyst/investor meetingCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Ltd held an analyst/investor meeting on…
Read the full analysis - ZF Commercial Vehicle Control Systems India Limited Releases Investor Presentation Highlighting FY25-26 Financial Performance and Strategic Growth RoadmapCompany Updatehigh impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Limited (ZF CVCS) has released an investor…
Read the full analysis - ZF Commercial Vehicle Control Systems India Limited receives favourable ITAT order setting aside INR 1.17 crore tax demandCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Limited has received a favourable order from…
Read the full analysis - ZF Commercial Vehicle Control Systems India Limited announces resignation of Senior General Manager – Sourcing and PurchasingCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Limited has informed the stock exchanges that…
Read the full analysis - ZF Commercial Vehicle Control Systems India Ltd announces institutional investor meetingCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Ltd has issued an intimation regarding an…
Read the full analysis - ZF Commercial Vehicle Control Systems India Limited appoints Rakesh Mishra as Chief Financial OfficerCompany Updatelow impact
Cruxal's analysis: ZF Commercial Vehicle Control Systems India Limited has formally appointed Mr. Rakesh…
Read the full analysis - ZF Commercial Vehicle Control Systems India Ltd receives show cause noticeCompany Updatelow impact
Cruxal's analysis: The company has disclosed the receipt of a show cause notice, a routine regulatory…
Read the full analysis
This page shows filings on a one-hour delay. Sign in to see them as they land, with Cruxal's analysis of what each one means.
Cruxal publishes market data and coverage for information only. Nothing here is investment advice.