ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Consumer DiscretionaryAutomobile and Auto ComponentsAuto ComponentsAuto Components & Equipments

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Key metrics

Price as of 2026-09-02

Stock price
₹2572.20
Market cap
29,274 Cr
Stock P/E
55.1
P/B
1.32
Dividend yield
0.1%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales992 Cr899 Cr959 Cr946 Cr911 Cr962 Cr1,012 Cr976 Cr913 Cr1,075 Cr1,155 Cr1,066 Cr
Operating expenses (approx.)846 Cr765 Cr813 Cr807 Cr771 Cr785 Cr837 Cr844 Cr779 Cr876 Cr965 Cr928 Cr
EBITDA145 Cr134 Cr146 Cr139 Cr140 Cr177 Cr175 Cr132 Cr134 Cr199 Cr190 Cr138 Cr
OPM %14.7%14.9%15.2%14.7%15.4%18.4%17.3%13.5%14.7%18.5%16.4%12.9%
Other income24 Cr29 Cr20 Cr25 Cr39 Cr17 Cr27 Cr67 Cr45 Cr30 Cr42 Cr36 Cr
Interest1 Cr1 Cr0.97 Cr2 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr1 Cr1 Cr
Depreciation27 Cr26 Cr29 Cr29 Cr31 Cr32 Cr32 Cr33 Cr32 Cr33 Cr34 Cr32 Cr
Profit before tax141 Cr135 Cr136 Cr134 Cr146 Cr161 Cr169 Cr164 Cr146 Cr187 Cr197 Cr140 Cr
Tax %25.2%25.5%26.4%25.5%25.5%21.8%24.9%25.4%25.8%24.8%25.6%25.4%
Net profit106 Cr101 Cr100 Cr99 Cr109 Cr125 Cr127 Cr122 Cr108 Cr140 Cr146 Cr104 Cr
EPS (₹)₹55.72₹53.16₹52.83₹52.42₹57.53₹66.15₹66.81₹64.52₹57.08₹73.90₹77.14₹9.18

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,543 Cr3,444 Cr3,816 Cr3,831 Cr4,119 CrSign in for TTM
Operating expenses (approx.)2,291 Cr2,974 Cr3,249 Cr3,200 Cr3,464 CrSign in for TTM
EBITDA253 Cr470 Cr566 Cr631 Cr655 CrSign in for TTM
OPM %9.9%13.7%14.8%16.5%15.9%Sign in for TTM
Other income38 Cr67 Cr95 Cr108 Cr183 CrSign in for TTM
Interest2 Cr6 Cr5 Cr6 Cr5 CrSign in for TTM
Depreciation92 Cr105 Cr110 Cr124 Cr132 CrSign in for TTM
Profit before tax196 Cr427 Cr546 Cr609 Cr693 CrSign in for TTM
Tax %27.4%25.6%25.6%24.4%25.4%Sign in for TTM
Net profit142 Cr318 Cr406 Cr461 Cr517 CrSign in for TTM
EPS (₹)₹74.90₹167.48₹214.28₹242.90₹272.65Sign in for TTM
Dividend payout %14.7%7.2%6.1%7.0%7.0%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr9 Cr9 Cr9 Cr9 Cr
Reserves2,105 Cr2,400 Cr2,781 Cr3,205 Cr3,681 Cr
Borrowings
Other liabilities523 Cr613 Cr591 Cr571 Cr735 Cr
Total liabilities2,637 Cr3,022 Cr3,382 Cr3,785 Cr4,425 Cr
Fixed assets (net)526 Cr575 Cr659 Cr723 Cr720 Cr
CWIP20 Cr77 Cr84 Cr68 Cr61 Cr
Investments398 Cr100 Cr27 Cr34 Cr611 Cr
Inventories145 Cr157 Cr175 Cr191 Cr281 Cr
Trade receivables666 Cr758 Cr936 Cr1,120 Cr942 Cr
Cash & bank89 Cr86 Cr114 Cr130 Cr192 Cr
Other assets792 Cr1,269 Cr1,385 Cr1,520 Cr1,619 Cr
Total assets2,637 Cr3,022 Cr3,382 Cr3,785 Cr4,425 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity138 Cr298 Cr193 Cr286 Cr810 Cr
Cash from investing-177 Cr-271 Cr-131 Cr-228 Cr-707 Cr
Cash from financing-28 Cr-31 Cr-34 Cr-44 Cr-52 Cr
Net cash flow-68 Cr-3 Cr28 Cr15 Cr62 Cr
Free cash flow (OCF − Capex)38 Cr171 Cr-2 Cr119 Cr664 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.3%18.0%19.8%19.1%18.9%
ROE %6.7%13.2%14.6%14.3%14.0%
Debtor days95809010683
Inventory days3226273143
Days payable7860595771
Cash conversion cycle4946578055
Debt / equity
Current ratio3.924.184.855.805.30
Net debt / EBITDA0.00-0.18-0.20-0.21-0.29

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