ZF Commercial Vehicle Control System India Ltd

ZF Commercial Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ZF Commercial Vehicle Control System India Ltd

₹ 13,874 -0.81%
26 Apr - close price
wabcoindia.com BSE: 533023 NSE : ZFCVINDIA
About

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

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 26,302 Cr.
  • Current Price ₹ 13,874
  • High / Low ₹ 17,700 / 10,025
  • Stock P/E 65.0
  • Book Value ₹ 1,365
  • Dividend Yield 0.09 %
  • ROCE 18.9 %
  • ROE 13.9 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 10.2 times its book value
  • Company has a low return on equity of 8.51% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
566 712 492 617 653 782 798 793 876 977 961 981 887
479 629 450 554 594 693 700 685 756 833 819 837 756
Operating Profit 88 83 42 63 59 89 99 108 120 144 141 144 131
OPM % 15% 12% 9% 10% 9% 11% 12% 14% 14% 15% 15% 15% 15%
8 7 12 8 9 9 11 12 26 18 21 24 30
Interest 0 0 1 0 0 1 1 2 2 0 1 1 1
Depreciation 22 23 23 25 24 21 23 27 28 27 28 27 26
Profit before tax 73 67 31 45 43 77 86 90 116 135 134 140 134
Tax % 28% 29% 31% 28% 26% 26% 28% 24% 26% 25% 25% 25% 25%
52 48 21 32 32 57 62 69 85 101 100 104 100
EPS in Rs 27.64 25.11 11.27 17.00 16.79 29.84 32.90 36.19 45.03 53.36 52.59 55.00 52.52
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,045 965 1,110 1,347 1,832 2,067 2,573 2,854 1,930 1,864 2,543 3,445 3,805
825 771 944 1,144 1,546 1,741 2,174 2,443 1,676 1,658 2,291 2,974 3,245
Operating Profit 220 194 166 203 287 326 399 411 254 206 253 470 560
OPM % 21% 20% 15% 15% 16% 16% 16% 14% 13% 11% 10% 14% 15%
12 13 27 20 40 36 46 72 62 39 38 67 94
Interest 0 0 0 0 0 0 2 0 2 2 2 6 4
Depreciation 16 22 32 47 56 62 62 71 90 90 92 105 108
Profit before tax 216 185 161 177 270 300 382 411 223 152 196 427 542
Tax % 29% 29% 27% 32% 25% 29% 29% 31% 29% 32% 27% 26%
153 131 117 121 203 213 273 282 159 104 142 318 405
EPS in Rs 80.87 68.95 61.94 63.61 107.22 112.55 143.84 148.76 83.73 54.72 74.90 167.48 213.47
Dividend Payout % 6% 7% 8% 8% 6% 6% 6% 6% 12% 20% 16% 8%
Compounded Sales Growth
10 Years: 14%
5 Years: 6%
3 Years: 21%
TTM: 17%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: 32%
TTM: 48%
Stock Price CAGR
10 Years: 20%
5 Years: 17%
3 Years: 28%
1 Year: 35%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 520 639 746 854 1,058 1,257 1,516 1,770 1,885 1,987 2,105 2,400 2,580
1 0 0 0 0 0 0 0 0 0 0 0 64
148 144 202 250 455 471 643 556 286 500 523 611 549
Total Liabilities 678 793 957 1,113 1,523 1,737 2,169 2,336 2,181 2,496 2,637 3,020 3,202
230 264 306 324 335 318 359 440 471 432 536 586 554
CWIP 13 25 11 18 37 62 52 19 30 50 20 77 130
Investments 23 25 50 39 218 298 446 313 542 640 399 101 53
412 479 589 733 932 1,059 1,312 1,563 1,137 1,374 1,682 2,256 2,466
Total Assets 678 793 957 1,113 1,523 1,737 2,169 2,336 2,181 2,496 2,637 3,020 3,202

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
155 90 143 124 242 180 311 150 224 138 138 299
-76 -61 -76 -45 -241 -120 -205 -429 -165 -24 -178 -270
-11 -11 -11 -11 -12 -14 -18 -18 -48 -19 -28 -31
Net Cash Flow 69 18 56 68 -10 46 88 -297 11 96 -69 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 55 72 76 81 87 91 92 81 69 115 96 80
Inventory Days 74 96 65 54 58 43 30 30 36 37 32 26
Days Payable 69 72 87 82 115 96 121 83 50 110 77 60
Cash Conversion Cycle 60 95 54 53 30 38 1 29 55 41 51 46
Working Capital Days 65 93 82 73 50 51 37 49 56 61 56 46
ROCE % 47% 31% 23% 21% 27% 24% 26% 23% 11% 7% 9% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
77.01% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.62% 0.67% 0.78% 0.71% 0.94% 1.23% 1.27% 1.32% 1.27% 1.79% 2.01% 2.24%
14.05% 16.24% 16.30% 16.45% 16.23% 15.80% 16.12% 16.05% 16.13% 15.90% 15.78% 15.77%
8.33% 8.09% 7.92% 7.84% 7.83% 7.96% 7.62% 7.63% 7.58% 7.31% 7.21% 6.99%
No. of Shareholders 23,57722,70022,49922,11422,39227,56026,20625,38724,39524,37525,28924,094

* 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.

Click on the line-items to see the names of individual entities.

Documents

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