ZF Commercial Vehicle Control System India Ltd

ZF Commercial Vehicle Control System India Ltd

₹ 16,328 -5.50%
19 Jun 10:19 a.m.
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]

  • Market Cap 30,957 Cr.
  • Current Price 16,328
  • High / Low 18,250 / 11,684
  • Stock P/E 76.1
  • Book Value 1,471
  • Dividend Yield 0.09 %
  • ROCE 20.9 %
  • ROE 15.6 %
  • Face Value 5.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 11.7 times its book value

* 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

Loading peers table ...

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 Mar 2024
492 617 653 782 798 793 876 977 967 992 899 959
450 554 594 693 700 685 756 833 826 846 765 813
Operating Profit 42 63 59 89 99 108 120 144 141 145 134 146
OPM % 9% 10% 9% 11% 12% 14% 14% 15% 15% 15% 15% 15%
12 8 9 9 11 12 26 18 21 24 29 20
Interest 1 0 0 1 1 2 2 0 1 1 1 1
Depreciation 23 25 24 21 23 27 28 27 28 27 26 29
Profit before tax 31 45 43 77 86 90 116 135 134 141 135 136
Tax % 31% 28% 26% 26% 28% 24% 26% 25% 25% 25% 26% 26%
21 32 32 57 62 69 85 101 100 106 101 100
EPS in Rs 11.27 17.00 16.79 29.84 32.90 36.19 45.03 53.36 52.58 55.72 53.16 52.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
2,543 3,444 3,816
2,291 2,974 3,249
Operating Profit 253 470 566
OPM % 10% 14% 15%
38 67 95
Interest 2 6 5
Depreciation 92 105 110
Profit before tax 196 427 546
Tax % 27% 26% 26%
142 318 406
EPS in Rs 74.90 167.48 214.29
Dividend Payout % 16% 8% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 30%
Stock Price CAGR
10 Years: 19%
5 Years: 23%
3 Years: 35%
1 Year: 45%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9
Reserves 2,105 2,400 2,781
0 0 68
523 613 523
Total Liabilities 2,637 3,022 3,382
536 587 673
CWIP 20 77 84
Investments 398 100 25
1,683 2,258 2,600
Total Assets 2,637 3,022 3,382

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
138 298 193
-177 -270 -131
-28 -31 -34
Net Cash Flow -68 -3 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 80 90
Inventory Days 32 26 27
Days Payable 79 60 60
Cash Conversion Cycle 49 47 57
Working Capital Days 56 46 65
ROCE % 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