ZF Steering Gear (India) Ltd.

ZFSTEERING

₹1041.7

-3.01% (-32.35)

Market Cap

₹975 Cr.

P/E

76.73

Key Ratios

Edit Ratio's

Market cap

975 Cr

76.73

Prom Holding

66.93 %

ROE (%)

3.20

ROCE (%)

6.11

Div Yield (%)

0.77

Sales

498 Cr

OPM (%)

11.03 %

Debt to Equity

0.21

Edit Ratio's

About

ZF Steering Gear (India) Limited (ZF INDIA) was incorporated in the year 1981 as a joint ventu… Read more

Low

900

52W Range

High

1947

Timeline

Key company specific updates

Company Timeline

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Custom financial statementNew

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Forensics

9 Yes

Positive for this company

1 Neutral

Neutral for this company

7 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoters has been selling shares in the open market over last 90 days
Other Income

Other income component is making ratios of the company look optically better

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Net profit margin is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Balance Sheet Strength

Balance sheet of the company is strong. but it might have issues paying it suppliers
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Share price

Share price has increased over last 10 years but more due to rerating
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

90 %

(as of Mar 21)

Source/Historic

Steering Gear for CV - Market Share

Revenue mix

Product Wise Break-Up

Segment Break-Up

Location Wise Break-Up

Operating Profit Break-Up

Asset Break-Up - Segment Wise

Asset Break-Up

Operational Metrics

Annualized Sales volume- Power steering (.)
Source
Annualized Sales volume- Mechanical steering (.)
Source
R&D as a % of Total Sales (%)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

Show Less

Suppliers

Setco Automotive Ltd.

Customers

Force Motors Ltd.
Mahindra & Mahindra Ltd.
Tata Motors Ltd.
General Motors
Mercedes-Benz
Action Construction Equipment Ltd.
Ashok Leyland Ltd.
Bajaj Auto Ltd.
Bharat Benz
Daimler
Escorts Kubota Ltd.
Kamaz Vectra
MAN Truck & Bus SE
New Holland
Piaggio
SDF Group
SML Isuzu Ltd.
Sona Group Ltd.
Sonalika Internatonal Tractors Ltd.
TAFE
Universal Construction Machinery & Equipment Ltd.
Volvo
Volvo Eicher

Showing 5 of 23

FAQs on ZF Steering Gear (India) Ltd. Business

What does ZF Steering Gear (I) do?

ZF Steering Gear (India) Limited is a pioneer in the manufacturing and supply of hydraulic and mechanical steering systems in India. It was incorporated in 1981 as a joint venture with ZF Friedrichshafen AG.

Who are the competitors of ZF Steering Gear (I)?

ZF Steering Gear (I) major competitors are Rane Madras, JTEKT India, Setco Automotive, Divgi Torqtransfer, LG Balakrishnan&Bros, Elecon Engg., Craftsman Automation.
Market Cap of ZF Steering Gear (I) is ₹975 Crs.
While the median market cap of its peers are ₹3,302 Crs.

Is ZF Steering Gear (I) financially stable compared to its competitors?

ZF Steering Gear (I) seems to be less financially stable compared to its competitors.
Altman Z score of ZF Steering Gear (I) is 5.4 and is ranked 4 out of its 8 competitors.

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