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ZF Commercial Vehicle Control Systems India Ltd.

2,092.50−12.25 (−0.58%)

BSE · 30 Oct, 4:01 PM

: ₹23,923.62 Cr
: 47.92
: 2,248
: ₹2,107.90 - ₹2,051.90
: ₹3,041.70 - ₹2,051.90

ZF Commercial Vehicle Control Systems India Ltd. (ZFCVINDIA) share price closed at ₹2,092.50 on the BSE on Friday, October 30, 2026, down by 0.58% from its of ₹2,104.75. In that session ZFCVINDIA reached a of 2,107.90 and of 2,051.90. The for the session was 2,090.90. The stands at 2,351.56 and is at 2,418.04. Looking at , the stock ended the session moving sideways.

Stock Overview

₹2,107.55

₹2,104.75

₹2,090.90

₹2,351.56

Price 11.02% below

₹2,418.04

Price 13.46% below

Key Fundamentals

: 23,923.62 Cr₹23.92 Thousand Crore
: 43.87
: 47.92
: 6.23
: 337.64
: 813.55 Cr₹813.55 Crore
: 0.03 %
Sector
Industry: Auto Ancillary
: 14.98
: 0.00

Industry Comparison

Ratio	Company	Sector
	47.92	28.43
	0.00	0.26
	6.23	3.34
	5.30	1.56
	0.03 %	0.49 %
Operating Margin	15.59 %	12.09 %

Sector figures are the median of 162 listed Automobile & Ancillaries companies.

Peer Comparison

Name
MOTHERSON MOTHERSON	156.55	38.09	1,66,845.55	0.38	1,075.66	77.48%	35,243.77	16.65%	13.63
BOSCH LTD BOSCHLTD	47,071.90	58.70	1,38,843.75	0.57	706.10	-36.74%	5,841.90	22.00%	25.60
UNOMINDA UNOMINDA	1,077.50	51.75	62,222.09	0.25	315.51	2.10%	5,556.85	23.79%	20.74
SONACOMS SONACOMS	890.30	74.55	55,659.54	0.38	222.99	30.81%	1,535.84	34.92%	14.75
TIINDIA TIINDIA	2,120.00	67.66	41,037.33	0.17	293.96	-3.04%	6,215.33	17.07%	27.33
ENDURANCE ENDURANCE	2,278.60	32.96	32,051.44	0.51	244.52	8.03%	4,314.89	30.01%	18.33
GABRIEL(I) GABRIEL	1,421.10	91.35	27,233.14	0.35	123.97	15.80%	1,608.00	22.91%	26.37
ZF Commercial Vehicle Control Systems India Ltd. ZFCVINDIA	2,092.50	47.92	23,923.62	0.03	104.48	-14.63%	1,066.18	9.29%	20.23

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	491.92	616.53	652.92	781.98	798.42	792.83	876.06	976.94	966.81	991.69	898.51	958.64	945.76	910.91	962.41	1,011.88	975.56	913.24	1,074.91	1,155.23	1,066.18
Expenses	449.81	553.81	594.25	692.95	699.71	685.28	756.00	832.90	825.51	846.22	764.93	812.57	806.79	771.00	785.33	836.77	843.99	778.86	875.81	965.28	928.27
	42.11	62.73	58.68	89.04	98.71	107.55	120.05	144.04	141.30	145.47	133.58	146.08	138.97	139.92	177.08	175.11	131.57	134.38	199.10	189.95	137.90
	8.56%	10.17%	8.99%	11.39%	12.36%	13.57%	13.70%	14.74%	14.62%	14.67%	14.87%	15.24%	14.69%	15.36%	18.40%	17.31%	13.49%	14.71%	18.52%	16.44%	12.93%
	11.90	7.61	8.89	9.14	11.15	12.21	25.59	18.04	21.32	24.14	29.46	19.89	25.30	39.27	16.52	27.12	66.60	44.97	22.11	41.58	35.63
Interest	0.54	0.44	0.39	0.53	1.11	2.14	1.96	0.47	1.33	1.33	1.38	0.97	1.77	1.29	1.24	1.41	1.31	1.24	1.78	1.01	1.20
	22.61	24.94	23.95	20.93	22.67	27.32	28.05	26.74	27.68	27.07	26.24	28.82	28.97	31.44	31.84	31.99	32.71	32.24	32.91	33.94	32.28
	30.85	44.95	43.22	76.72	86.09	90.30	115.65	134.86	133.62	141.21	135.42	136.18	133.53	146.45	160.52	168.83	164.15	145.87	186.52	196.58	140.05
	30.69%	28.25%	26.34%	26.22%	27.51%	23.99%	26.13%	24.95%	25.36%	25.16%	25.54%	26.42%	25.53%	25.49%	21.84%	24.94%	25.45%	25.77%	24.85%	25.57%	25.40%
	21.38	32.25	31.84	56.60	62.40	68.64	85.42	101.21	99.73	105.68	100.84	100.20	99.43	109.12	125.46	126.72	122.38	108.28	140.17	146.32	104.48
	11.27	17.00	16.78	29.84	32.90	36.19	45.04	53.36	52.58	55.71	53.16	52.82	52.42	57.53	66.14	66.81	64.52	57.08	73.90	77.14	9.18

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,580.68	3,495.31	3,833.95	3,889.48	4,202.02
	2,543.35	3,444.25	3,815.65	3,830.96	4,118.94
EXPENDITURE :
Increase/Decrease in Stock	-6.02	0.02	-3.44	-6.86	11.02
Raw Material Consumed	1,649.34	2,196.53	2,350.43	2,229.52	2,358.43
Power & Fuel Cost	19.08	24.93	27.13	27.37	27.84
Employee Cost	328.69	376.72	465.14	539.53	610.18
Other Manufacturing Expenses	123.77	162.18	177.11	168.49	188.05
General and Administration Expenses	90.42	117.29	131.91	143.66	158.64
Selling and Distribution Expenses	73.06	85.48	92.59	80.34	96.93
Miscellaneous Expenses	12.47	10.74	8.37	17.85	12.85
	2,290.81	2,973.89	3,249.23	3,199.88	3,463.94
Operating Profit (Excl OI)	252.55	470.36	566.42	631.08	655.00
	37.53	66.98	94.82	108.20	183.19
	290.08	537.34	661.24	739.28	838.19
Interest	1.90	5.67	5.01	5.70	5.34
PBDT	288.17	531.67	656.23	733.57	832.85
	92.43	104.78	109.80	124.25	131.80
Profit Before Taxation & Exceptional Items	195.74	426.90	546.43	609.32	701.05
Exceptional Income / Expenses					-7.94
	195.74	426.90	546.43	609.32	693.12
Provision for Tax	53.67	109.22	139.98	148.59	175.97
	142.07	317.67	406.45	460.73	517.15
Extra items	0.00	0.00	0.00	0.00	0.00
Consolidated Net Profit	142.07	317.67	406.45	460.73	517.15
Profit Balance B/F	1,739.11	1,856.78	2,151.82	2,533.02	2,957.24
Appropriations	1,881.18	2,174.45	2,558.26	2,993.75	3,474.39
Equity Dividend %	240.00%	260.00%	340.00%	380.00%	80.00%
	74.90	167.48	214.28	242.90	272.65
Adjusted EPS	12.48	27.91	35.71	40.48	45.44

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	9.48	9.48	9.48	9.48	9.48
Total Reserves	2,104.59	2,399.63	2,780.83	3,205.06	3,681.10
Reserve excluding Revaluation Reserve	2,104.59	2,399.63	2,780.83	3,205.06	3,681.10
	2,114.08	2,409.12	2,790.32	3,214.54	3,690.58
Deferred Tax Assets / Liabilities	-18.46	-22.04	-29.03	-24.94	-34.85
Other Long Term Liabilities	0.27	61.73	61.33	56.60	47.87
Long Term Provisions	23.87	15.78	19.98	24.02	28.16
Total Non-Current Liabilities	5.67	55.47	52.28	55.68	41.18
Trade Payables	346.20	359.97	382.92	351.21	462.21
Other Current Liabilities	113.76	144.97	99.13	106.51	135.30
Short Term Provisions	38.49	30.82	27.95	32.31	61.37
Total Current Liabilities	498.46	535.76	510.00	490.03	658.89
Total Liabilities	2,618.21	3,000.34	3,352.60	3,760.25	4,390.65
Gross Block	1,043.80	1,178.70	1,362.47	1,533.58	1,566.06
Less: Accumulated Depreciation	508.14	591.92	692.04	800.48	839.92
	535.66	586.78	670.43	733.10	726.14
	20.26	77.03	83.97	68.48	60.78
Non Current Investments			1.75	1.77	1.77
Long Term Investment			1.75	1.77	1.77
Long Term Loans & Advances	91.38	85.64	105.89	97.80	92.39
Other Non Current Assets	15.23	12.03	13.36	14.07	11.26
Total Non-Current Assets	662.53	761.48	877.83	918.60	897.85
Currents Investments	398.11	100.14	23.29	28.56	603.48
Inventories	144.77	156.96	175.34	190.57	281.50
Sundry Debtors	666.38	757.56	936.33	1,120.08	941.50
Cash and Bank	670.10	1,169.41	1,297.37	1,467.61	1,626.66
Other Current Assets	54.09	17.28	17.84	13.50	15.45
Short Term Loans and Advances	22.23	37.52	24.60	21.33	24.20
Total Current Assets	1,955.68	2,238.86	2,474.77	2,841.66	3,492.80
Net Current Assets (Including Current Investments)	1,457.22	1,703.10	1,964.77	2,351.62	2,833.91
Total Assets	2,618.21	3,000.34	3,352.60	3,760.25	4,390.65
	13.15	13.14	1.25	1.86	58.89
Total Debt	0.00	0.00	0.00	0.00	0.00
	1,114.57	1,270.12	1,471.10	1,694.75	1,945.73
Adjusted Book Value	1,114.57	1,270.12	1,471.10	282.46	324.29

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	195.74	426.90	546.43	609.32	693.12
Adjustment	57.66	58.68	23.86	32.47	10.60
Changes In working Capital	-45.28	-75.94	-199.00	-220.25	245.66
Cash Flow after changes in Working Capital	208.13	409.64	371.29	421.54	949.37
Cash Flow from Operating Activities	138.08	298.46	192.86	286.08	810.16
Cash Flow from Investing Activities	-177.35	-271.04	-130.92	-227.74	-707.43
Cash Flow from Financing Activitie	-28.45	-31.07	-34.12	-44.11	-52.09
Net Cash Inflow / Outflow	-67.72	-3.66	27.82	14.23	50.64
Opening Cash & Cash Equivalents	156.79	89.25	86.48	114.46	129.60
Effect of Foreign Exchange Fluctuations	0.18	0.89	0.15	0.91	11.49
Closing Cash & Cash Equivalent	89.25	86.48	114.46	129.60	191.73

Ratios

Valuation

47.92

6.23

27.41

5.69

43.87

337.64

Profitability

14.98

20.23

12.69

15.59

12.31

Leverage & Liquidity

0.00

5.30

130.75

Returns

0.03

1.03

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	67.49	67.49	63.16	63.16	60.00	60.00	60.00	60.00	60.00	60.00
	24.93	25.16	28.95	28.90	32.09	32.04	32.05	31.99	31.38	30.55
	7.58	7.35	7.88	7.94	7.91	7.95	7.95	8.00	8.62	9.45
	32.51	32.51	36.84	36.84	40.00	40.00	40.00	40.00	40.00	40.00
No. of Shareholders	29,457	28,862	34,269	33,904	33,640	32,238	32,410	31,657	41,406	55,225

Mutual Funds Invested(147)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 93 active funds hold 23.54% in ZF Commercial Vehicle Control Systems India Ltd., contributing to ₹6.27K Cr of holdings

Fund				As of
SB SBI Small Cap Fund - Growth - Direct PlanSmall cap Fund	983.22	2.39	42,00,000	Sep '26
KO Kotak Mid Cap Fund - Growth - Direct PlanMid Cap Fund	657.40	0.99	28,08,191	Sep '26
NI Nippon India Growth Mid Cap Fund - Growth Option - Direct PlanMid Cap Fund	477.56	0.95	20,40,000	Sep '26
SB SBI Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	406.01	1.00	17,34,360	Sep '26
NI Nippon India Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	304.06	0.57	12,98,826	Sep '26
AB Abakkus Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	213.62	2.72	9,12,517	Sep '26
IP ICICI Prudential Small Cap Fund - Growth - Direct PlanSmall cap Fund	159.26	1.63	6,80,314	Sep '26
IN Invesco India Smallcap Fund - Growth - Direct PlanSmall cap Fund	158.29	0.98	6,76,158	Sep '26
NI Nippon India Small Cap Fund - Growth - Direct PlanSmall cap Fund	156.75	0.19	6,69,600	Sep '26
SU Sundaram Mid Cap Fund - Growth - Direct PlanMid Cap Fund	128.76	0.93	5,50,000	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-15	Board Meeting	Quarterly Results
2026-07-02	AGM
2026-06-17	Ex Bonus	Bonus issue	2026-06-24	2026-06-24

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Automobile & AncillariesAuto Ancillary

ZF Commercial Vehicle Control Systems India Ltd. operates in the Automobile & Ancillaries sector under the Auto Ancillary industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Akash Passey

Chairman

—

Paramjit Singh Chadha

Managing Director

₹1.62 Cr

Mar '26

Ivan Brajdic

Non Independent & Non Executive Director

—

Claudia Christina Jehle

Non Independent & Non Executive Director

—

Mahesh Chhabria

Non Executive Independent Director

₹47.63 L

Mar '26

Rashmi Urdhwareshe

Non Executive Independent Director

₹32.88 L

Mar '26

Neeraj Sagar

Non Executive Independent Director

₹33.68 L

Mar '26

Amrita Verma Chowdhury

Non Executive Independent Director

₹34.88 L

Mar '26

CV Kavviya

Company Secretary & Compliance Officer

—

Philippe Colpron

Non Independent & Non Executive Director

—

ZFCVINDIA Latest News

News

6 of 6 articles

COMPANY30 Sept 2026 · 18:24

ZF Commercial Vehicle secures NABL accreditation for Hemi Anechoic Chamber

The accreditation makes the facility one of the few NABL-accredited Hemi Anechoic Chambers in India

EQUITY21 Sept 2026 · 10:05

ZF Commercial Vehicle Control Systems India informs about presentation

EQUITY1 Sept 2026 · 13:56

ZF Commercial Vehicle Control Systems India informs about appointment of CFO

EQUITY12 Aug 2026 · 14:41

ZF Commercial Vehicle Control Systems India informs about show cause notice

COMPANY20 Jul 2026 · 13:05

Axis Mutual Fund divests 0.5% stake in ZF Commercial Vehicle Control Systems India

Axis Mutual Fund has sold stake through an open market deal worth around Rs 138.48 crore

EQUITY13 May 2026 · 16:50

ZF Comm Vehic Contr reports Profit after tax of Rs 1413.48 Mln, in the March 2026 quarter

ZF Commercial Vehicle Control Systems India Ltd.

Stock Overview

Price chart

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Valuation

Profitability

Leverage & Liquidity

Returns

Shareholding Pattern

Mutual Funds Invested(147)

Corporate Actions

Insider Trading

Sector Overview

Company Profile

Key Management

ZFCVINDIA Latest News

News