| Quarterly Financials | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
Revenue  | 504 | 624 | 662 | 791 | 810 | 805 | 902 | 995 | 988 | 1,016 | 928 | 979 | 971 | 950 | 979 | 1,039 |
| Expenses | 450 | 554 | 594 | 693 | 700 | 685 | 756 | 833 | 826 | 846 | 765 | 813 | 807 | 771 | 785 | 837 |
| EBITDA | 54 | 70 | 68 | 98 | 110 | 120 | 146 | 162 | 163 | 170 | 163 | 166 | 164 | 179 | 194 | 202 |
| Operating Profit % | 9 % | 10 % | 9 % | 11 % | 12 % | 14 % | 14 % | 15 % | 15 % | 15 % | 15 % | 15 % | 15 % | 15 % | 18 % | 17 % |
| Depreciation | 23 | 25 | 24 | 21 | 23 | 27 | 28 | 27 | 28 | 27 | 26 | 29 | 29 | 31 | 32 | 32 |
| Interest | 1 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Profit Before Tax | 31 | 45 | 43 | 77 | 86 | 90 | 116 | 135 | 134 | 141 | 135 | 136 | 134 | 146 | 161 | 169 |
| Tax | 10 | 13 | 11 | 20 | 24 | 22 | 30 | 34 | 34 | 36 | 35 | 36 | 34 | 37 | 35 | 42 |
| Net Profit | 21 | 32 | 32 | 57 | 62 | 69 | 85 | 101 | 100 | 106 | 101 | 100 | 99 | 109 | 126 | 127 |
| EPS in ₹ | 11.27 | 17.00 | 16.78 | 29.84 | 32.90 | 36.19 | 45.04 | 53.36 | 52.58 | 55.72 | 53.16 | 52.83 | 52.42 | 57.53 | 66.15 | 66.81 |
ZF Commercial
13,393.00
+96.00
(0.72%)
Market Cap
25,403.29 Cr
EPS
214.28
PE Ratio
54.76
Dividend Yield
0.14 %
Industry
Automobiles52 Week High
17,800.15
52 Week Low
9,561.00
PB Ratio
7.85
Debt to Equity
0.00
Sector
Auto Components
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from4 analysts
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
154.01 | #1 1,08,365.98 | #1 28.72 | #1 98,879.30 | #1 25.23 | #1 3,020 | -22.76 | 57.33 | |
31,585.00 | 93,155.66 | 46.15 | 17,449.50 | 13.29 | 2,490 | -1.86 | 57.14 | |
4,137.30 | 64,667.52 | 67.43 | 8,350.70 | 13.22 | 939 | 14.52 | 58.64 | |
1,309.30 | 62,596.14 | 60.18 | 15,909.50 | 21.60 | 910 | #1 24.44 | 63.80 | |
1,062.90 | 61,037.62 | 65.79 | 14,064.60 | 24.63 | 925 | -4.14 | 61.35 | |
2,936.20 | 56,813.68 | 84.62 | 17,142.00 | 13.46 | 1,187 | -42.37 | 45.15 | |
2,401.10 | 33,774.56 | 41.61 | 10,326.50 | 16.69 | 681 | 16.66 | 56.34 | |
384.85 | 32,712.25 | 42.17 | 16,859.70 | 10.90 | 883 | 1.18 | 48.14 | |
501.85 | 31,200.92 | 51.61 | 3,208.70 | 19.41 | 518 | 10.53 | 41.82 | |
61.30 | 27,101.39 | 44.75 | 8,335.10 | 17.73 | 638 | -13.85 | 65.37 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
11.37 %
Net Income Growth
27.92 %
Cash Flow Change
-35.38 %
ROE
10.46 %
ROCE
10.34 %
EBITDA Margin (Avg.)
10.52 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2022 | 2023 | 2024 |
| Total Assets | 2,637 | 3,022 | 3,382 |
| Fixed Assets | 536 | 587 | 673 |
| Current Assets | 1,956 | 2,239 | 2,475 |
| Capital Work in Progress | 20 | 77 | 84 |
| Investments | 398 | 100 | 25 |
| Other Assets | 1,683 | 2,258 | 2,600 |
| Total Liabilities | 2,637 | 3,022 | 3,382 |
| Current Liabilities | 499 | 536 | 510 |
| Non Current Liabilities | 24 | 78 | 81 |
| Total Equity | 2,114 | 2,409 | 2,790 |
| Reserve & Surplus | 2,105 | 2,400 | 2,781 |
| Share Capital | 10 | 10 | 10 |
Cash Flow
| Cash Flow | 2022 | 2023 | 2024 |
| Net Cash Flow | -68 | -3 | 28 |
| Investing Activities | -177 | -270 | -131 |
| Operating Activities | 138 | 299 | 193 |
| Financing Activities | -29 | -31 | -34 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
| Promoter | 80.43 % | 77.01 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 75.00 % | 67.49 % | 67.49 % | 63.16 % | 63.16 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.79 % | 0.00 % | 2.24 % | 3.74 % | 4.13 % | 5.10 % | 5.57 % |
| DIIs | 11.22 % | 14.05 % | 15.82 % | 15.75 % | 15.85 % | 15.91 % | 15.74 % | 16.12 % | 16.04 % | 16.13 % | 15.90 % | 15.76 % | 15.77 % | 21.19 % | 21.03 % | 23.85 % | 23.33 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 5.82 % | 6.23 % | 6.31 % | 6.49 % | 6.33 % | 6.38 % | 6.51 % | 6.23 % | 6.23 % | 6.19 % | 5.95 % | 5.86 % | 5.63 % | 5.99 % | 5.68 % | 5.97 % | 6.06 % |
| Others | 2.53 % | 2.72 % | 2.86 % | 2.77 % | 2.83 % | 2.70 % | 2.74 % | 2.66 % | 2.72 % | 2.67 % | 1.36 % | 3.38 % | 1.35 % | 1.59 % | 1.67 % | 1.92 % | 1.88 % |
| No of Share Holders | 0 | 22,843 | 23,577 | 22,700 | 22,499 | 22,114 | 22,392 | 27,560 | 25,387 | 24,395 | 24,375 | 25,289 | 24,094 | 29,457 | 28,862 | 34,269 | 33,904 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 17 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.09 | 0.12 | 0.15 | 0.15 | 0.14 | 0.12 | 0.09 | 0.13 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Aug 2025 |  Annual General Meeting | NA | 20 Aug 2025 | 13,243.00 | 13,393.00 |
| 15 May 2025 |  Quarterly Result Announcement | NA | 15 May 2025 | 12,528.95 | 13,243.00 |
| 06 Feb 2025 | Quarterly Result Announcement | NA | 06 Feb 2025 | 10,696.35 | 10,788.25 |
| 08 Nov 2024 | Quarterly Result Announcement | NA | 08 Nov 2024 | 13,954.10 | 14,966.50 |
| 22 Jul 2024 | Annual General Meeting | NA | 22 Jul 2024 | 13,264.00 | 15,171.50 |
| 15 Jul 2024 |  Dividend | ₹ 17.00 /share | 15 Jul 2024 | 13,264.00 | 15,888.70 |
| 07 Jul 2023 | Dividend | ₹ 13.00 /share | 07 Jul 2023 | 10,496.00 | 12,144.35 |
| 08 Jul 2022 | Dividend | ₹ 12.00 /share | 07 Jul 2022 | 7,700.45 | 7,919.35 |
| 17 Sept 2021 | Dividend | ₹ 11.00 /share | 16 Sept 2021 | 6,732.50 | 7,322.70 |
Announcements
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011
8 days ago
8 days agoDisclosures Under Reg. 29(2) Of SEBI (SAST) Regulations 20118 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Meeting Updates10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Meeting UpdatesJun 03, 2025
Jun 03, 2025Intimation Of Outcome Of Analyst / Investor MeetingsMay 30, 2025
May 30, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 23, 2025
May 23, 2025Intimation Of One-To-One And Group Of Analysts / Institutional Investors MeetingsMay 23, 2025
May 23, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotMay 22, 2025
May 22, 2025Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ("SEBI Listing Regulations")May 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 16, 2025
May 16, 2025Update-Outcome Of Board MeetingMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateMay 15, 2025
May 15, 2025Results-Financial Results For Financial Year Ended March 31 2025May 15, 2025
May 15, 2025Corporate Action-Board approves DividendMay 15, 2025
May 15, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 07, 2025
May 07, 2025Board Meeting Intimation for Prior Intimation Of Board MeetingMay 02, 2025
May 02, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 08, 2025
Apr 08, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMar 24, 2025
Mar 24, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMar 24, 2025
Mar 24, 2025Closure Of Trading Window-UpdateMar 20, 2025
Mar 20, 2025Closure of Trading WindowMar 20, 2025
Mar 20, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMar 19, 2025
Mar 19, 2025Outcome Shareholders Plant VisitMar 19, 2025
Mar 19, 2025Updates On Shareholders Plant Visit On 19Th March 2025Mar 18, 2025
Mar 18, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMar 18, 2025
Mar 18, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMar 10, 2025
Mar 10, 2025Shareholders Plant Visit On 19Th March 2025Mar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMar 07, 2025
Mar 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 26, 2025
Feb 26, 2025Update Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (LODR)Feb 20, 2025
Feb 20, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotFeb 20, 2025
Feb 20, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 14, 2025
Feb 14, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderFeb 12, 2025
Feb 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 07, 2025
Feb 07, 2025Integrated Filing (Financial)Feb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Change in ManagementFeb 06, 2025
Feb 06, 2025Results - Financial Results For The Quarter Ended 31St December 2024Feb 06, 2025
Feb 06, 2025Board Meeting Outcome for OUTCOME OF BOARD MEETINGFeb 06, 2025
Feb 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 03, 2025
Feb 03, 2025Reconciliation Of Share Capital Audit Report For The Quarter Ended 31St December 2024Jan 24, 2025
Jan 24, 2025Board Meeting Intimation for To Consider Unaudited Financial Results (Standalone & Consolidated For The Quarter Ended 31St December 2024
Jan 23, 2025
Jan 23, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJan 23, 2025
Jan 23, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJan 15, 2025
Jan 15, 2025Technical Indicators
RSI(14)
Neutral 53.22
ATR(14)
Less Volatile 454.43
STOCH(9,6)
Neutral 50.03
STOCH RSI(14)
Neutral 38.80
MACD(12,26)
Bearish -15.88
ADX(14)
Weak Trend 15.38
UO(9)
Bearish 42.51
ROC(12)
Uptrend And Accelerating 4.70
WillR(14)
Neutral -53.23
Mutual Fund Holdings
| Funding House | No of Shares | Current Holding % | 1M Change % | 3M Change % | Month | |
|---|---|---|---|---|---|---|
 Bandhan Large & Mid Cap Fund Direct-Growth | 6418 | 0.09% | -0.26% | -0.52% | May 2025 | |
 Franklin India Smaller Companies Fund Direct-Growth | 10350 | 0.10% | 0.10% | 0.10% | May 2025 | |
 Invesco India Infrastructure Fund Direct-Growth | 34086 | 2.91% | -0.57% | -0.80% | May 2025 | |
 LIC MF Manufacturing Fund Direct-Growth | 0 | 0.00% | -0.85% | -1.39% | May 2025 | |
 ICICI Prudential MNC Fund Direct - Growth | 14152 | 1.13% | 0.38% | 1.13% | May 2025 | |
 Union Small Cap Fund Direct-Growth | 11442 | 0.97% | 0.32% | 0.48% | May 2025 | |
| Bandhan Innovation Fund Direct-Growth | 1411 | 0.12% | -0.29% | -0.32% | May 2025 | |
 ITI Small Cap Fund Direct-Growth | 22666 | 1.21% | 0.15% | 0.17% | May 2025 | |
 Bajaj Finserv Large and Mid Cap Fund Direct-Growth | 3328 | 0.22% | 0.21% | 0.20% | May 2025 | |
| Union Aggressive Hybrid Fund Direct - Growth | 3000 | 0.62% | 0.62% | 0.62% | May 2025 | |
 360 ONE FlexiCap Fund Direct - Growth | 21566 | 1.63% | 0.07% | -0.09% | May 2025 | |
 SBI Conservative Hybrid Fund Direct-Growth | 30000 | 0.42% | 0.00% | -0.11% | May 2025 | |
 Kotak MNC Fund Direct-Growth | 22500 | 1.34% | 0.16% | 0.08% | May 2025 | |
| Union Innovation & Opportunities Fund Direct - Growth | 10335 | 1.46% | 0.28% | 0.44% | May 2025 | |
| Union Large & Midcap Fund Direct - Growth | 5800 | 0.90% | -0.29% | -0.36% | May 2025 | |
 Aditya Birla Sun Life Balanced Advantage Fund Direct-Growth | 38484 | 0.67% | 0.05% | 0.01% | May 2025 | |
| Union Midcap Fund Direct - Growth | 14056 | 1.30% | -0.14% | -0.23% | May 2025 | |
| 360 ONE Balanced Hybrid Fund Direct - Growth | 5177 | 0.80% | -0.10% | -0.13% | May 2025 | |
| ITI Mid Cap Fund Direct - Growth | 10869 | 1.21% | 0.09% | 0.10% | May 2025 | |
 Baroda BNP Paribas Balanced Advantage Fund Direct - Growth | 17587 | 0.55% | 0.00% | -0.08% | May 2025 | |
| ITI Focused Equity Fund Direct - Growth | 12193 | 3.19% | 0.17% | -0.04% | May 2025 | |
| ITI Multi Cap Fund Direct - Growth | 12247 | 1.31% | 0.02% | -0.08% | May 2025 | |
 Nippon India Nifty Smallcap 250 Index Fund Direct - Growth | 8277 | 0.49% | -0.01% | -0.04% | May 2025 | |
| SBI Nifty Smallcap 250 Index Fund Direct - Growth | 5192 | 0.49% | -0.01% | -0.04% | May 2025 | |
 Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth | 3353 | 0.49% | -0.01% | -0.04% | May 2025 |
About ZF Commercial
ZF Commercial Vehicle Control Systems India Limited is a subsidiary of ZF Friedrichshafen AG, specializing in the design, manufacture, and marketing of braking products and systems for commercial vehicles. The company operates five manufacturing facilities in India, along with an advanced technology development center and a vehicle testing facility. It primarily produces air brake actuation systems and also provides software development services. The company has introduced new products including electric compressors for EVs and expanded its manufacturing capacities for various components. It has a wholly owned subsidiary, ZF CV Control Systems Manufacturing India Private Limited, established in 2022.
Website
Chairperson NameAkash Passey
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