ZF Commercial
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ZF Commercial

2,334.70
-10.80
(-0.46%)
Market Cap
26,570.17 Cr
PE Ratio
53.61
Volume
9,541.00
Day High - Low
2,353.90 - 2,325.10
52W High-Low
3,044.00 - 2,050.37
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Key Fundamentals
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Market Cap
26,570.17 Cr
EPS
272.65
PE Ratio
53.61
PB Ratio
7.25
Book Value
324.29
EBITDA
838.20
Dividend Yield
0.03 %
Industry
Automobiles
Return on Equity
14.01
Debt to Equity
0.02
Analyst Rating and Forecast
- By Refinitiv from4 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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neutral
ZF Commercial Vehicle Control Systems India Limited held an analyst and institutional investor meeting on September 21, 2026, in Mumbai. The session covered operational updates without disclosing unpublished price-sensitive information.
positive
ZF Commercial Vehicle Control Systems India reported a record FY26 financial performance with revenue rising 9.2% to ₹4,302 crore and net profit up 12% to ₹517 crore.
positive
ZF Commercial Vehicle Control System India Ltd received a favourable ITAT order setting aside a ₹1.17 crore tax demand for AY 2022-23. The Chennai bench allowed the appeal against transfer pricing adjustments.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
161.70
#1 1,70,665.34
#1 37.69
#1 1,26,414.20
10.68
#1 4,086
#1 77.48
50.38
48,150.00
1,42,011.88
59.58
20,888.70
10.51
2,770
-36.74
52.83
1,991.00
95,187.45
136.61
17,010.30
10.91
1,089
-131.67
49.37
1,227.80
70,912.68
54.79
19,692.00
17.19
1,284
2.10
48.97
4,005.80
62,612.12
50.20
9,834.10
17.76
1,150
13.48
49.73
832.80
51,802.52
74.25
4,572.10
24.19
629
46.67
56.05
2,535.30
49,073.85
44.35
23,234.60
17.14
1,116
-3.03
33.03
2,644.90
37,203.92
38.61
14,719.80
#1 26.05
952
7.99
38.83
424.05
36,044.25
38.69
18,096.20
4.30
860
27.93
46.54
4,669.70
29,107.20
81.72
3,557.40
17.14
327
38.73
73.06
Growth Rate
Revenue Growth
9.21 %
Net Income Growth
12.24 %
Cash Flow Change
183.19 %
ROE
-2.23 %
ROCE
-0.64 %
EBITDA Margin (Avg.)
3.78 %

Quarterly Financial Results

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
Jun 2025
Sept 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
504
624
662
791
810
805
902
995
988
1,016
928
979
971
950
979
1,039
1,042
958
1,105
1,197
1,102
Expenses
450
554
594
693
700
685
756
833
826
846
765
813
807
771
785
837
844
779
884
965
928
EBITDA
54
70
68
98
110
120
146
162
163
170
163
166
164
179
194
202
198
179
221
232
174
Operating Profit %
9 %
10 %
9 %
11 %
12 %
14 %
14 %
15 %
15 %
15 %
15 %
15 %
15 %
15 %
18 %
17 %
13 %
15 %
18 %
16 %
13 %
Depreciation
23
25
24
21
23
27
28
27
28
27
26
29
29
31
32
32
33
32
33
34
32
Interest
1
0
0
1
1
2
2
1
1
1
1
1
2
1
1
1
1
1
2
1
1
Profit Before Tax
31
45
43
77
86
90
116
135
134
141
135
136
134
146
161
169
164
146
187
197
140
Tax
10
13
11
20
24
22
30
34
34
36
35
36
34
37
35
42
42
38
46
50
36
Net Profit
21
32
32
57
62
69
85
101
100
106
101
100
99
109
126
127
122
108
140
146
105
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
64.52
57.08
73.90
77.14
9.18

Order Value Trend

FY 2026-271 Orders
Three leading Indian commercia...
0.00%

Balance Sheet

Balance Sheet
2022
2023
2024
2025
2026
Total Assets
2,637
3,022
3,382
3,785
4,426
Fixed Assets
536
587
673
737
732
Current Assets
1,956
2,239
2,475
2,842
3,493
Capital Work in Progress
20
77
84
69
61
Investments
398
100
25
30
605
Other Assets
1,683
2,258
2,600
2,950
3,028
Total Equity & Liabilities
2,637
3,022
3,382
3,785
4,426
Current Liabilities
499
536
510
490
659
Non Current Liabilities
24
78
81
81
76
Total Equity
2,114
2,409
2,790
3,215
3,691
Reserve & Surplus
2,105
2,400
2,781
3,205
3,681
Share Capital
10
10
10
10
10

Cash Flow

Cash Flow
2022
2023
2024
2025
2026
Net Cash Flow
-68
-3
28
15
62
Investing Activities
-177
-270
-131
-227
-696
Operating Activities
138
299
193
286
810
Financing Activities
-29
-31
-34
-44
-52

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
Jun 2025
Sept 2025
Dec 2025
Mar 2026
Jun 2026
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 %
60.00 %
60.00 %
60.00 %
60.00 %
60.00 %
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 %
5.73 %
5.79 %
5.37 %
5.78 %
5.93 %
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 %
26.36 %
26.25 %
26.68 %
26.21 %
25.45 %
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 %
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 %
5.95 %
6.00 %
5.94 %
5.93 %
6.22 %
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 %
1.96 %
1.95 %
2.00 %
2.07 %
2.40 %
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
33,640
32,238
32,410
31,657
38,168

Dividend History

Annual Cash Flows 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Dividend Per Share (₹) 7 8 9 10 11 12 13 17 19 4
Dividend Yield (%) 0.53 0.72 0.88 0.91 0.86 0.69 0.51 0.78 0.83 0.17

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
17 Sept 2021 DIVIDEND Dividend
₹ 11.00 /share
16 Sept 2021 1,122.11 1,220.47
08 Jul 2022 DIVIDEND Dividend
₹ 12.00 /share
07 Jul 2022 1,283.43 1,319.92
07 Jul 2023 DIVIDEND Dividend
₹ 13.00 /share
07 Jul 2023 1,749.37 2,024.10
15 Jul 2024 DIVIDEND Dividend
₹ 17.00 /share
15 Jul 2024 2,210.71 2,648.17
22 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
22 Jul 2024 2,210.71 2,528.63
08 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
08 Nov 2024 2,325.73 2,494.47
06 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Feb 2025 1,782.76 1,798.08
15 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
15 May 2025 2,088.20 2,207.21
08 Aug 2025 DIVIDEND Dividend
₹ 19.00 /share
08 Aug 2025 2,207.21 2,228.74
12 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Aug 2025 2,212.54 2,298.77
20 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
20 Aug 2025 2,207.21 2,408.21
04 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
04 Nov 2025 2,179.47 2,108.18
10 Feb 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2026 2,337.57 2,524.88
13 May 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 May 2026 2,422.32 2,441.88
24 Jun 2026 BONUS Bonus
5:1
24 Jun 2026 2,480.22 2,684.88
10 Jul 2026 DIVIDEND Dividend
₹ 4.00 /share
10 Jul 2026 2,441.88 2,311.60
24 Jul 2026 ANNUAL GENERAL MEETING Annual General Meeting
NA
24 Jul 2026 2,441.88 2,365.80
24 Jul 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 Jul 2026 2,316.50 2,365.80

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome3 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation4 days ago
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Favourable Order Received From The Income Tax Appellate Tribunal (ITAT).6 days ago
Announcement under Regulation 30 (LODR)-Change in Management9 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
Appointment Of Chief Financial Officer With Effect From 1St September 2026Sep 01, 2026
Disclosure Pursuant To Regulation 30 - Show Cause NoticeAug 12, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 03, 2026
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 28, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 28, 2026
Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 28, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 28, 2026
Shareholder Meeting / Postal Ballot-Outcome of AGMJul 24, 2026
Announcement under Regulation 30 (LODR)-Change in ManagementJul 24, 2026
Results-Financial Results For Q1Jul 24, 2026
Board Meeting Outcome for Outcome Of Board MeetingJul 24, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 21, 2026
Board Meeting Intimation for Prior Intimation Of Board MeetingJul 15, 2026
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 03, 2026
Business Responsibility and Sustainability Reporting (BRSR)Jul 02, 2026
Notice Convening 22Nd AGMJul 02, 2026
Reg. 34 (1) Annual Report.Jul 02, 2026
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)Jun 30, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 25, 2026
Closure of Trading WindowJun 25, 2026
Announcement under Regulation 30 (LODR)-AllotmentJun 25, 2026
Issuance Of Bonus SharesJun 17, 2026
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJun 17, 2026
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJun 17, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJun 15, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 10, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 10, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 27, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2026
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 26, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 22, 2026
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 21, 2026
Shareholder Meeting / Postal Ballot-Notice of Postal BallotMay 18, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 15, 2026
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationMay 13, 2026
Corporate Action-Board to consider Bonus IssueMay 13, 2026
Corporate Action-Board to consider DividendMay 13, 2026
Financial Results For The Year Ended 31St March 2026May 13, 2026
Board Meeting Outcome for Outcome Of Board Meeting Held On 13Th May 2026 (Today)May 13, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 11, 2026
Board Meeting Intimation for Considering Audited Financial Results Final Dividend And The Proposal For Issuance Of Bonus Equity SharesMay 08, 2026
Announcement under Regulation 30 (LODR)-Change in DirectorateMay 04, 2026
Announcement under Regulation 30 (LODR)-Resignation of DirectorApr 30, 2026
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Apr 29, 2026

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Abakkus Flexi Cap Fund Direct-Growth
2.49%
77121
0.02%
0.31%
ICICI Prudential Quality Fund Direct-Growth
0.00%
-20000
-0.22%
-0.18%
Union Consumption Fund Direct-Growth
0.83%
8500
0.65%
0.83%
AlphaGrep Flexi Cap Fund Direct-Growth
0.86%
1714
0.86%
0.86%
The Wealth Company Small Cap Fund Direct-Growth
1.27%
1000
0.02%
-0.30%
UTI Nifty 500 Index Fund Direct-Growth
0.06%
249
0.06%
0.06%
Tata BSE Multicap Consumption 50:30:20 Index Fund Direct-Growth
0.85%
-117
0.05%
-0.04%
JioBlackRock Nifty Smallcap 250 Index Fund Direct-Growth
0.52%
70
0.01%
-0.03%
Zerodha Nifty MidSmallcap400 50:50 Index Fund Direct-Growth
0.26%
44
0.01%
-0.01%
DSP Nifty Smallcap 250 Index Fund Direct-Growth
0.52%
36
0.01%
-0.03%
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct-Growth
1.05%
33
-0.02%
-0.10%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund Direct-Growth
1.05%
-11
0.01%
-0.10%
Navi Nifty MidSmallcap 400 Index Fund Direct-Growth
0.18%
9
0.01%
0.00%
DSP Nifty 500 Index Fund Direct-Growth
0.06%
2
0.01%
0.00%
ITI Small Cap Fund Direct-Growth
1.48%
0
0.00%
-0.09%
Kotak MNC Fund Direct-Growth
2.15%
0
0.00%
0.03%
Bajaj Finserv ELSS - Tax Saver Fund Direct-Growth
0.00%
0
0.00%
0.00%
Bajaj Finserv Equity Savings Fund Direct-Growth
1.04%
0
0.06%
-0.10%
Bajaj Finserv Large & Mid Cap Fund Direct-Growth
0.00%
0
0.00%
0.00%
Bajaj Finserv Small Cap Fund Direct-Growth
0.00%
0
0.00%
-0.77%
Bandhan Innovation Fund Direct-Growth
1.01%
0
0.00%
-0.06%
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth
0.52%
0
0.00%
0.01%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.05%
0
0.00%
0.00%
Bank of India ELSS Tax Saver Direct-Growth
1.40%
0
0.00%
0.05%
Bank of India Small Cap Fund Direct-Growth
1.10%
0
0.00%
-0.13%

Technical Indicators

RSI(14)
Neutral
32.09
ATR(14)
Less Volatile
65.29
STOCH(9,6)
Oversold
13.55
STOCH RSI(14)
Oversold
0.00
MACD(12,26)
Bearish
-20.66
ADX(14)
Strong Trend
29.93
UO(9)
Bearish
44.68
ROC(12)
Downtrend And Accelerating
-5.87
WillR(14)
Oversold
-87.56

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...more
Chairperson NameAkash Passey