Z F Steering Gear (India) Ltd

Z F Steering Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Z F Steering Gear (India) Ltd

₹ 923 -4.76%
06 Nov - close price
zfindia.com BSE: 505163
About

Incorporated in 1981, ZF Steering Gear (India) Ltd is in the business of production & assembling of steering systems for vehicles, buses, and tractors[1]

Key Points

Business Overview:[1][2][3]
ZFSGL, promoted by the Munot family holding a 67.17% stake, is an IATF 16949:2016 certified manufacturer and supplier of Ball and Nut Integral Hydraulic Power and Worm and Roller Mechanical Steering Systems in India. The company operates as a tier-I supplier primarily serving the Commercial Vehicle segment, with minimal presence in the Personal Vehicle segment.

Website BSE
  • Market Cap ₹ 838 Cr.
  • Current Price ₹ 923
  • High / Low ₹ 1,799 / 900
  • Stock P/E 79.1
  • Book Value ₹ 522
  • Dividend Yield 0.00 %
  • ROCE 5.62 %
  • ROE 3.22 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 6.18% over last 3 years.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
105.74 109.27 125.13 120.87 119.32 113.50 124.18 128.10 111.17 117.58 137.02 132.93 120.56
94.91 98.21 109.28 102.48 106.00 103.49 113.60 111.84 99.79 107.06 122.06 114.79 108.20
Operating Profit 10.83 11.06 15.85 18.39 13.32 10.01 10.58 16.26 11.38 10.52 14.96 18.14 12.36
OPM % 10.24% 10.12% 12.67% 15.21% 11.16% 8.82% 8.52% 12.69% 10.24% 8.95% 10.92% 13.65% 10.25%
4.37 3.66 7.95 6.81 5.89 12.51 9.08 8.13 5.40 1.20 5.99 5.40 0.95
Interest 0.14 0.17 0.25 0.16 0.17 0.14 0.54 1.29 1.16 1.65 2.46 2.07 1.73
Depreciation 7.77 8.48 9.09 7.76 8.13 8.49 9.33 8.88 9.69 11.37 12.84 10.71 11.48
Profit before tax 7.29 6.07 14.46 17.28 10.91 13.89 9.79 14.22 5.93 -1.30 5.65 10.76 0.10
Tax % 26.06% 29.65% 30.43% 32.47% -14.76% 19.01% 15.83% 28.34% 70.99% 33.08% 57.35% 33.55% 1,600.00%
5.39 4.27 10.06 11.67 12.52 11.25 8.24 10.19 1.72 -1.73 2.41 7.15 -1.50
EPS in Rs 5.94 4.71 11.09 12.87 13.80 12.40 9.08 11.23 1.90 -0.95 4.27 8.78 -0.43
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Upcoming result date: today

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
351 423 399 436 439 313 450 478 494 508
304 359 317 351 384 272 394 425 441 452
Operating Profit 46 64 82 84 56 41 57 52 53 56
OPM % 13% 15% 21% 19% 13% 13% 13% 11% 11% 11%
10 6 -7 10 9 21 13 34 21 14
Interest 1 2 2 3 2 0 1 1 7 8
Depreciation 27 31 28 33 31 31 32 34 43 46
Profit before tax 28 38 45 58 31 30 36 52 24 15
Tax % 26% 33% 30% 25% -39% 39% 32% 16% 49%
21 25 31 43 44 18 25 44 13 6
EPS in Rs 22.78 27.96 34.52 47.65 48.35 20.14 27.05 48.15 16.44 11.67
Dividend Payout % 44% 45% 23% 17% 0% 0% 18% 17% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: %
3 Years: 16%
TTM: 7%
Compounded Profit Growth
10 Years: -2%
5 Years: %
3 Years: -7%
TTM: -66%
Stock Price CAGR
10 Years: -5%
5 Years: 25%
3 Years: 20%
1 Year: -48%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 9 9 9 9 9 9 9 9 9 9
Reserves 203 215 255 291 326 386 410 449 457 465
23 35 62 64 46 34 43 77 100 109
83 79 64 68 73 43 50 59 70 61
Total Liabilities 317 337 391 432 454 472 512 594 636 643
125 131 121 106 111 159 158 205 245 238
CWIP 4 7 0 1 26 2 7 30 15 22
Investments 50 59 115 153 119 119 147 134 156 151
138 140 154 173 198 192 199 226 220 233
Total Assets 317 337 391 432 454 472 512 594 636 643

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025
48 51 63 68 72 15 49 35 39
-37 -43 -47 -55 -42 -16 -63 -52 -65
-2 -14 -16 -10 -29 -3 12 29 16
Net Cash Flow 9 -6 -0 2 1 -4 -2 11 -10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 62 56 70 77 64 105 87 75 82
Inventory Days 53 39 60 58 54 110 73 79 79
Days Payable 75 71 69 74 54 53 44 40 47
Cash Conversion Cycle 40 25 61 61 64 162 115 114 113
Working Capital Days 23 10 25 28 29 103 71 66 52
ROCE % 15% 16% 18% 9% 8% 10% 6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
67.41% 67.31% 67.18% 67.18% 67.18% 67.17% 67.17% 67.17% 67.01% 67.00% 66.93% 66.93%
0.01% 0.01% 0.01% 0.01% 0.02% 0.02% 0.01% 0.03% 0.04% 0.03% 0.01% 0.01%
32.59% 32.68% 32.83% 32.82% 32.80% 32.83% 32.82% 32.80% 32.96% 32.98% 33.06% 33.04%
No. of Shareholders 9,8699,7899,5669,5549,5119,8169,7669,9219,8609,8119,6679,629

* 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

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Credit ratings

Concalls

  • Apr 2023
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