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 ₹ 31,155 Cr.
- Current Price ₹ 16,381
- High / Low ₹ 16,965 / 8,592
- Stock P/E 79.7
- Book Value ₹ 1,365
- Dividend Yield 0.08 %
- ROCE 18.9 %
- ROE 13.9 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 12.0 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 3,795 | |
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 | 549 |
OPM % | 21% | 20% | 15% | 15% | 16% | 16% | 16% | 14% | 13% | 11% | 10% | 14% | 14% |
12 | 13 | 27 | 20 | 40 | 36 | 46 | 72 | 62 | 39 | 38 | 67 | 89 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 2 | 2 | 2 | 6 | 5 |
Depreciation | 16 | 22 | 32 | 47 | 56 | 62 | 62 | 71 | 90 | 90 | 92 | 105 | 109 |
Profit before tax | 216 | 185 | 161 | 177 | 270 | 300 | 382 | 411 | 223 | 152 | 196 | 427 | 524 |
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 | 391 | |
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 | 205.98 |
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: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 4% |
3 Years: | 32% |
TTM: | 78% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 21% |
3 Years: | 42% |
1 Year: | 76% |
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% |
Documents
Announcements
- Disclosure Of Event Or Information Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 1 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Compliance under Regulation 47 of the SEBI (LODR), Regulations , 2015 - Newspaper Publications on Public Notice
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2020
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Financial Year 2019
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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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Concalls
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Nov 2023TranscriptPPT
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Jul 2023TranscriptPPT
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May 2023TranscriptPPTREC
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Feb 2023TranscriptPPT
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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]