ZF Commercial Vehicle Control System India Ltd
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
- Market Cap ₹ 19,192 Cr.
- Current Price ₹ 10,122
- High / Low ₹ 10,928 / 6,876
- Stock P/E 70.3
- Book Value ₹ 1,173
- Dividend Yield 0.12 %
- ROCE 8.70 %
- ROE 6.30 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 8.63 times its book value
- The company has delivered a poor sales growth of 4.23% over past five years.
- Company has a low return on equity of 6.10% 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
892 | 1,045 | 965 | 1,110 | 1,347 | 1,832 | 2,067 | 2,573 | 2,854 | 1,930 | 1,864 | 2,543 | 3,249 | |
691 | 825 | 771 | 944 | 1,144 | 1,546 | 1,741 | 2,174 | 2,443 | 1,676 | 1,658 | 2,291 | 2,834 | |
Operating Profit | 201 | 220 | 194 | 166 | 203 | 287 | 326 | 399 | 411 | 254 | 206 | 253 | 415 |
OPM % | 22% | 21% | 20% | 15% | 15% | 16% | 16% | 16% | 14% | 13% | 11% | 10% | 13% |
5 | 12 | 13 | 27 | 20 | 40 | 36 | 46 | 72 | 62 | 39 | 38 | 58 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 2 | 2 | 2 | 6 |
Depreciation | 14 | 16 | 22 | 32 | 47 | 56 | 62 | 62 | 71 | 90 | 90 | 92 | 99 |
Profit before tax | 191 | 216 | 185 | 161 | 177 | 270 | 300 | 382 | 411 | 223 | 152 | 196 | 369 |
Tax % | 33% | 29% | 29% | 27% | 32% | 25% | 29% | 29% | 31% | 29% | 32% | 27% | |
Net Profit | 127 | 153 | 131 | 117 | 121 | 203 | 213 | 273 | 282 | 159 | 104 | 142 | 273 |
EPS in Rs | 67.18 | 80.87 | 68.95 | 61.94 | 63.61 | 107.22 | 112.55 | 143.84 | 148.76 | 83.73 | 54.72 | 74.90 | 143.96 |
Dividend Payout % | 7% | 6% | 7% | 8% | 8% | 6% | 6% | 6% | 6% | 12% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 4% |
3 Years: | -4% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | -2% |
5 Years: | -8% |
3 Years: | -21% |
TTM: | 105% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 6% |
3 Years: | 19% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 6% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Reserves | 377 | 520 | 639 | 746 | 854 | 1,058 | 1,257 | 1,516 | 1,770 | 1,885 | 1,987 | 2,105 | 2,216 |
1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37 | |
121 | 148 | 144 | 202 | 250 | 455 | 471 | 643 | 556 | 286 | 500 | 523 | 502 | |
Total Liabilities | 509 | 678 | 793 | 957 | 1,113 | 1,523 | 1,737 | 2,169 | 2,336 | 2,181 | 2,496 | 2,637 | 2,764 |
180 | 230 | 264 | 306 | 324 | 335 | 318 | 359 | 440 | 471 | 432 | 536 | 555 | |
CWIP | 10 | 13 | 25 | 11 | 18 | 37 | 62 | 52 | 19 | 30 | 50 | 20 | 43 |
Investments | 12 | 23 | 25 | 50 | 39 | 218 | 298 | 446 | 313 | 542 | 640 | 399 | 1 |
306 | 412 | 479 | 589 | 733 | 932 | 1,059 | 1,312 | 1,563 | 1,137 | 1,374 | 1,682 | 2,165 | |
Total Assets | 509 | 678 | 793 | 957 | 1,113 | 1,523 | 1,737 | 2,169 | 2,336 | 2,181 | 2,496 | 2,637 | 2,764 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
49 | 155 | 90 | 143 | 124 | 242 | 180 | 311 | 150 | 224 | 138 | 138 | |
-26 | -76 | -61 | -76 | -45 | -241 | -120 | -205 | -429 | -165 | -24 | -178 | |
-6 | -11 | -11 | -11 | -11 | -12 | -14 | -18 | -18 | -48 | -19 | -28 | |
Net Cash Flow | 17 | 69 | 18 | 56 | 68 | -10 | 46 | 88 | -297 | 11 | 96 | -69 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 55 | 72 | 76 | 81 | 87 | 91 | 92 | 81 | 69 | 115 | 96 |
Inventory Days | 59 | 74 | 96 | 65 | 54 | 58 | 43 | 30 | 30 | 36 | 37 | 32 |
Days Payable | 62 | 69 | 72 | 87 | 82 | 115 | 96 | 121 | 83 | 50 | 110 | 79 |
Cash Conversion Cycle | 67 | 60 | 95 | 54 | 53 | 30 | 38 | 1 | 29 | 55 | 41 | 49 |
Working Capital Days | 73 | 65 | 93 | 82 | 73 | 50 | 51 | 37 | 49 | 56 | 61 | 56 |
ROCE % | 57% | 47% | 31% | 23% | 21% | 27% | 24% | 26% | 23% | 11% | 7% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
2d - Resignation of Mr. Alexander De Bock, Non-Executive (Non-Independent Director)
- Closure of Trading Window 17 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Mar
- Proceedings Of The 4Th Postal Ballot Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 15 Mar
- Intimation Under Regulation 44 Of The SEBI (LODR) Regulations, 2015 (LODR Regulations) - Details Of Voting Results - 4Th Postal Ballot 14 Mar
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptPPT
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Aug 2019TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
Brand
It is the market leader for advanced braking systems, conventional braking products, and related air-assisted technologies and systems in India. [1]
It has a strong customer base, some of which are TATA, Ashok Leyland, Audi, and some more. [2]