Z F Steering Gear (India) Ltd

₹ 1,110 0.26%

30 Apr - close price

About

ZF Steering Gear (India) Ltd. was incorporated in 1981 as a joint venture ZF Friedrichshafen AG. The Company is primarily engaged in the business of production & assembling of steering systems for vehicles, buses and tractors.
^[1]

Key Points

Product Portfolio
Auto component (92%):
The product range includes: Steering systems, vane pump, pump pulleys, oil reservoirs, steering columns, Universal joints, bevel gear boxes, etc. ^[1] ^[2]
~57% of revenue came from three major customers of the Company. ^[3]

Website BSE

Market Cap ₹ 1,007 Cr.
Current Price ₹ 1,110
High / Low ₹ 1,120 / 581
Stock P/E 22.1
Book Value ₹ 483
Dividend Yield 0.45 %
ROCE %
ROE 6.10 %
Face Value ₹ 10.0

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Pros

Cons

Earnings include an other income of Rs.33.2 Cr.

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	52	70	85	105	110	106	109	125	121	119	114
	47	62	74	89	92	95	98	109	102	106	103
Operating Profit	5	7	11	17	18	11	11	16	18	13	10
OPM %	10%	10%	13%	16%	16%	10%	10%	13%	15%	11%	9%
	6	8	4	3	-3	4	4	8	7	6	13
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	8	8	8	8	7	8	8	9	8	8	8
Profit before tax	4	7	8	11	8	7	6	14	17	11	14
Tax %	-3%	23%	27%	72%	43%	26%	30%	30%	32%	-15%	19%
	4	6	6	3	5	5	4	10	12	13	11
EPS in Rs	4.20	6.28	6.34	3.32	5.31	5.94	4.71	11.09	12.87	13.80	12.40
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2022	Mar 2023	TTM
	351	423	399	436	439	313	450	479
	304	359	317	351	384	272	394	421
Operating Profit	46	64	82	84	56	41	57	58
OPM %	13%	15%	21%	19%	13%	13%	13%	12%
	10	6	-7	10	9	21	13	33
Interest	1	2	2	3	2	0	1	1
Depreciation	27	31	28	33	31	31	32	33
Profit before tax	28	38	45	58	31	30	36	57
Tax %	26%	33%	30%	25%	-39%	39%	32%
	21	25	31	43	44	18	25	46
EPS in Rs	22.78	27.96	34.52	47.65	48.35	20.14	27.05	50.16
Dividend Payout %	44%	45%	23%	17%	0%	0%	18%

Compounded Sales Growth
10 Years:	%
5 Years:	1%
3 Years:	%
TTM:	11%

Compounded Profit Growth
10 Years:	%
5 Years:	-10%
3 Years:	%
TTM:	160%

Stock Price CAGR
10 Years:	15%
5 Years:	14%
3 Years:	42%
1 Year:	84%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2022	Mar 2023	Sep 2023
Equity Capital	9	9	9	9	9	9	9	9
Reserves	203	215	255	291	326	386	410	429
	23	35	62	64	46	34	43	54
	83	79	64	68	73	43	50	73
Total Liabilities	317	337	391	432	454	472	512	566
	125	131	121	106	111	159	158	157
CWIP	4	7	0	1	26	2	7	33
Investments	50	59	115	153	119	119	147	157
	138	140	154	173	198	192	199	219
Total Assets	317	337	391	432	454	472	512	566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2022	Mar 2023
Debtor Days	62	56	70	77	64	105	87
Inventory Days	53	39	60	58	54	110	73
Days Payable	75	71	69	74	54	53	44
Cash Conversion Cycle	40	25	61	61	64	162	115
Working Capital Days	34	32	62	63	40	137	101
ROCE %		15%	16%	18%	9%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	67.43%	67.43%	67.43%	67.43%	67.43%	67.41%	67.41%	67.31%	67.18%	67.18%	67.18%	67.17%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%
	32.56%	32.56%	32.56%	32.56%	32.56%	32.59%	32.59%	32.68%	32.83%	32.82%	32.80%	32.83%
No. of Shareholders	10,274	10,139	9,871	9,689	9,550	9,752	9,869	9,789	9,566	9,554	9,511	9,816

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	73.66%	73.66%	67.40%	67.45%	67.45%	67.43%	67.31%	67.17%
	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	1.27%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
	24.89%	26.33%	32.59%	32.54%	32.54%	32.56%	32.68%	32.83%
No. of Shareholders	10,588	11,691	11,651	11,092	10,343	9,689	9,789	9,816

* 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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Z F Steering Gear (India) Ltd

Z F Steering Gear (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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