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ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA.NS)

INR2,358.60 +45.40 (+1.96%)
IN NSE Consumer Cyclical Auto - Parts
Address Plot No. 3 (SP) 600058
Chennai, IN
CEO Paramjit Singh Chadha
IPO 2002-08-12
ISIN INE342J01019

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ZFCVINDIA.BO (INR) National Stock Exchange of India · WABCOINDIA.NS (INR) National Stock Exchange of India · ZFCVINDIA.NS (INR)
Description

ZF Commercial Vehicle Control Systems India Limited (ZFCVCSIL) operates as a comprehensive provider of automotive solutions, spanning design, development, production, and global distribution from its base in India. The company's extensive product portfolio serves a wide array of vehicles and industries. For commercial vehicles, its offerings include vital components such as active and passive safety systems, advanced steering and clutch mechanisms, robust axle assemblies, and various chassis and suspension parts. It also supplies critical systems like steering, transmissions, axles, and chassis for heavy-duty trucks and demanding off-highway machinery. Beyond road vehicles, ZFCVCSIL extends its engineering expertise to diverse sectors, manufacturing gearboxes for the wind turbine industry and specialized products for rail, aerospace, marine, and armored vehicle applications. Additionally, it caters to the light vehicle segment with powertrain solutions, chassis components, and various safety devices. An extensive range of spare parts is also available under well-known brands including ACHS, LEMFÖRDER, TRW, and WABCO. Looking ahead, ZFCVCSIL is actively engaged in cutting-edge advancements, focusing on electric mobility, autonomous driving technologies, vehicle motion control, advanced electronics, embedded software development, and mechanical engineering. Established in 1962 and headquartered in Chennai, India, the company underwent a name change from WABCO India Limited to ZF Commercial Vehicle Control Systems India Limited in March 2022. It operates as a subsidiary of WABCO Asia Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,358.60 +45.40 (+1.96%)
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Volume Profile
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Liquidity & share structure
Average Volume
149.7K
Beta
-0.06
Float Shares
7.53M
Free Float %
39.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.04% -2.85% +0.86% -10.90% +11.37% -5.03% +6.70% +33.29% +109.88% +135.19% +7,974.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,358.60
DCF (Unlevered) 29,551.98 +1,152.9%
DCF (Levered) 4,024.82 +70.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 -2
Buy 4 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
24.07
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Parts: +7.8%
    +8.6% Q1'26: +14.4% (vs Q1'25)
  • EPS growth Auto - Parts: +18.0%
    +12.3% Q1'26: +15.5% (vs Q1'25)
  • FCF margin FCF growth · Auto - Parts: +53.1%
    +14.3% Q1'26: +33.5% (vs Q1'25)
  • EBIT margin Auto - Parts: +7.5%
    +12.7% Q1'26: +13.5% (vs Q1'25)
  • ROIC Auto - Parts: +6.4%
    +25.8% Q1'26: +30.7% (vs Q1'25)
  • Share dilution Auto - Parts: +0.0%
    0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Parts: 0.27×
    0.08× Q1'26: 0.07× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.05) × ERP
WACC = 100% × Ke + 0% × Kd (9.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 16,704.47 Current price: 2,358.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
3 EPS Ana.
Mar 2027
3 Rev. Ana.
4 EPS Ana.
Mar 2028
3 Rev. Ana.
4 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
Revenue
13.39B
est: 13.08B (+2.4%)
18.32B
est: 17.74B (+3.3%)
20.67B
est: 20.85B (-0.8%)
25.58B
est: 24.68B (+3.6%)
27.83B
est: 29.54B (-5.8%)
18.96B
est: 20.78B (-8.8%)
18.40B
est: 17.99B (+2.2%)
25.22B
est: 25.20B (+0.1%)
34.16B
est: 34.47B (-0.9%)
37.84B
est: 37.95B (-0.3%)
37.94B
est: 38.88B (-2.4%)
40.83B
40.10B – 41.33B
+5.0% YoY
47.14B
45.06B – 49.50B
+15.4% YoY
58.10B
52.94B – 63.05B
+23.2% YoY
74.61B
74.50B – 74.72B
+28.4% YoY
82.13B
76.45B – 87.86B
+10.1% YoY
EBITDA
2.24B
est: 2.02B (+10.6%)
3.27B
est: 2.74B (+19.1%)
3.63B
est: 3.22B (+12.5%)
4.45B
est: 3.82B (+16.7%)
4.26B
est: 4.57B (-6.7%)
3.15B
est: 3.21B (-1.9%)
2.45B
est: 2.78B (-12.1%)
2.90B
est: 3.90B (-25.6%)
5.37B
est: 5.33B (+0.8%)
6.61B
est: 10.55B (-37.3%)
7.39B
est: 10.80B (-31.6%)
11.35B
11.14B – 11.49B
+5.0% YoY
13.10B
12.52B – 13.76B
+15.4% YoY
16.15B
14.71B – 17.52B
+23.2% YoY
20.74B
20.71B – 20.77B
+28.4% YoY
22.82B
21.25B – 24.42B
+10.1% YoY
EBIT
1.77B
est: 1.56B (+13.7%)
2.70B
est: 2.11B (+28.1%)
3.01B
est: 2.48B (+21.3%)
3.83B
est: 2.94B (+30.5%)
3.55B
est: 3.52B (+0.9%)
2.25B
est: 2.47B (-8.9%)
1.54B
est: 2.14B (-28.0%)
1.98B
est: 3.00B (-34.1%)
4.33B
est: 4.10B (+5.4%)
5.51B
est: 9.95B (-44.6%)
6.15B
est: 10.19B (-39.7%)
10.71B
10.52B – 10.84B
+5.0% YoY
12.36B
11.82B – 12.98B
+15.4% YoY
15.24B
13.88B – 16.53B
+23.2% YoY
19.57B
19.54B – 19.60B
+28.4% YoY
21.54B
20.05B – 23.04B
+10.1% YoY
Net Income
1.21B
est: 1.26B (-4.3%)
2.03B
est: 2.05B (-1.0%)
2.13B
est: 2.45B (-12.7%)
2.73B
est: 2.68B (+1.9%)
2.82B
est: 3.10B (-8.9%)
1.59B
est: 1.82B (-12.6%)
1.04B
est: 1.28B (-18.7%)
1.42B
est: 1.38B (+2.6%)
3.18B
est: 3.12B (+1.8%)
4.06B
est: 4.06B (+0.1%)
4.61B
est: 4.84B (-4.7%)
5.24B
5.18B – 5.30B
+8.3% YoY
6.15B
5.95B – 6.52B
+17.4% YoY
7.78B
6.95B – 8.81B
+26.5% YoY
10.69B
9.73B – 11.66B
+37.5% YoY
— – —
-100.0% YoY
SGA
1.50B
est: 504.26M (+197.2%)
1.84B
est: 684.12M (+168.9%)
1.91B
est: 803.90M (+137.8%)
2.42B
est: 951.61M (+153.9%)
2.63B
est: 1.14B (+130.8%)
2.69B
est: 801.36M (+236.3%)
2.93B
est: 693.77M (+321.7%)
3.36B
est: 971.74M (+245.9%)
3.85B
est: 1.33B (+189.8%)
4.73B
est: 5.12B (-7.6%)
5.48B
est: 5.25B (+4.5%)
5.51B
5.41B – 5.58B
+5.0% YoY
6.36B
6.08B – 6.68B
+15.4% YoY
7.84B
7.14B – 8.51B
+23.2% YoY
10.07B
10.05B – 10.08B
+28.4% YoY
11.08B
10.31B – 11.85B
+10.1% YoY
EPS
63.61
est: 66.46 (-4.3%)
107.22
est: 108.30 (-1.0%)
112.55
est: 128.99 (-12.7%)
143.84
est: 141.09 (+1.9%)
148.76
est: 163.30 (-8.9%)
83.73
est: 95.85 (-12.6%)
54.73
est: 67.33 (-18.7%)
74.90
est: 72.98 (+2.6%)
167.48
est: 164.54 (+1.8%)
214.28
est: 214.12 (+0.1%)
242.90
est: 244.30 (-0.6%)
275.43
272.97 – 279.28
+12.7% YoY
324.28
313.55 – 343.59
+17.7% YoY
402.03
366.42 – 464.63
+24.0% YoY
563.70
513.03 – 614.83
+40.2% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-14 B 3/5 2/5 4/5 5/5 3/5 1/5 1/5
2026-05-13 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
180.63M
OE per share TTM
9.52
Owner's Yield
0.07%
Maintenance CapEx ratio
5.11%
Maint CapEx / Avg PPE
21.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 319.4K 0.26%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 141.6K 0.48%
3 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 25.3K 0.22%
4 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 76.3K 0.22%
5 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 41.0K 0.22%
6 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 18.1K 0.22%
7 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 7.5K 0.24%
8 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 7.5K 0.24%
9 Vanguard Conservative ETF Portfolio VCNS.TO 0.00% 2.1K 0.22%
10 Vanguard Retirement Income ETF Portfolio VRIF.TO 0.00% 685.75 0.31%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.23M
Shares Outstanding
18.97M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
C. V. Kavviya Compliance Officer female
Ganesamoorthy Arumugam Head of R&D male
Hari Govinda Thilak Head of Human Resources male
Inbarajan Head of Legal male
Manoharan Muthulakshmi Company Secretary & Compliance Officer female
Paramjit Singh Chadha Managing Director male
Shankar Venkatachalam Head of Sales of OE Business male
Sweta Agarwal Chief Financial Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits