ZFCVINDIA

ZF Commercial Vehicle Control Systems India share price & results

ZF Commercial Vehicle Control Systems India Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's leading maker of braking, stability and safety systems for trucks, buses and trailers.

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Guidance Hit Rate
16 targets · 40% hit rate 4 achieved · 6 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹2,321.2 +1.00% · +₹22.9

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −81.7% 1Y

₹5k₹10k₹15kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹12,680 on 7 Nov 2025 → ₹2,321.2. High ₹15,974 (16 Feb 2026), low ₹2,082.2 (9 Oct 2026).

Previous close
₹2,298.3
Market cap
₹26.4k Cr
52-week range
₹2,082.2 – ₹15,974
One year
−81.67%
Price to earnings (TTM to Jun 2026)
52.41×
Return on equity (TTM to Jun 2026)
14.60%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,066 ₹ crore+9.2% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin13.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit104 ₹ crore−14.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity14.60 %−0.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin16.17 %+13.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.01 %+7.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 10 judged targets kept · 6 open · verdicts reflect calls analysed to Q1 FY27.

ZF Commercial Vehicle Control Systems India Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (4 achieved, 6 missed, 6 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Operations & Margins (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth Quarterly Revenue
Achieve a quarterly revenue run-rate of ₹1,000 crores.
Call transcript, Q3 FY25 · 7 Feb 2025
Q3 FY25
Q1 FY27:Revenue sustained above the mark at ₹1,101.8 crores, maintaining the run-rate for the third consecutive quarter.
Call transcript, Q1 FY27 · 28 Jul 2026
Achieved
Growth Market Outperformance vs CV Industry
Outperform the market by about 10% year-on-year.
Call transcript, Q2 FY25 · 12 Nov 2024
Q2 FY25
Q1 FY27:Sales in the CV >6T segment grew by 8.6%, marginally ahead of the industry's 8.4% growth, resulting in a 0.2% outperformance, well below the 10% target.
Call transcript, Q1 FY27 · 28 Jul 2026
Missed
Operations FY27 Margin Growth
More or less flattish with maybe single-digit small growth for the next year (FY27).
Call transcript, Q4 FY26 · 15 May 2026
Q4 FY26
Q1 FY27:Adjusted PBT margin was ~12.8%, a significant decline from the ~16.1% achieved in FY26, putting the 'flattish' guidance at risk due to severe commodity cost pressures.
Call transcript, Q1 FY27 · 28 Jul 2026
At Risk

Source: Inve Guidance Tracker for ZF Commercial Vehicle Control Systems India Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of ZF Commercial Vehicle Control Systems India Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with ZF Commercial Vehicle Control Systems India Limited. Each comparison matches a headwind disclosed by ZF Commercial Vehicle Control Systems India Limited in the same calendar reporting quarter.

  • Slower mining activity, monsoon-related disruptions, and higher input costs weighed on…

    Topic: Raw material costs · Raw material cost · Q1 FY27

    ZF Commercial Vehicle Control Systems India Limited reported: Slower mining activity, monsoon-related disruptions, and higher input costs weighed on market demand for trailers.

    Reporting period ended 2026-06-30

    36 other companies · Raw material cost

    M & M (M&M) reported (period ended 2026-06-30): Auto margins impacted by 400-500 bps commodity price increase and 85 bps hedging loss; Farm sector faces unhedgeable steel (up 24%) and rubber (up 30%, 53% since calendar year start) inflation.

    TVS Motor Company Limited (TVSMOTOR) reported (period ended 2026-06-30): Sharp upward trend in commodity prices in Q1, with ongoing volatility due to war situation affecting aluminum and oil-related parts.

    Eicher Motors Limited (EICHERMOT) reported (period ended 2026-06-30): Significant inflation in input costs (aluminum, crude oil, steel, copper, precious metals) impacting gross margins.

    Hyundai Motor India Limited (HYUNDAI) reported (period ended 2026-06-30): Elevated commodity prices, particularly in precious metals and copper, impacted Q1 margins by roughly 100 basis points QoQ and 200 basis points YoY.

    Evidence drawer

    Evidence type: Summary paraphrase

    Slower mining activity, monsoon-related disruptions, and higher input costs weighed on market demand for trailers.

    Source company: ZF Commercial Vehicle Control Systems India Limited · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 36

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ZFCVINDIA ₹2,321.2 +1.00%
Guidance Verdict (16 tracked) 4 kept · 6 open· 6 missed
AI Call Brief · Q1 FY27

ZF Commercial Vehicle Control Systems India Limited Q1 FY27

Overview

Symbol
NSE:ZFCVINDIA
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What ZF Commercial Vehicle Control Systems India Limited does

Based on the company's own presentations, annual report and earnings calls.

ZF Commercial Vehicle Control Systems India Limited (formerly WABCO India) designs, manufactures and supplies braking, electronic stability control, air suspension and safety systems - including ABS, ESC, EBS, AMT, ECAS and ADAS - fitted to commercial vehicles built by India's truck and bus OEMs. It also runs a nationwide aftermarket business selling replacement parts and components through a dealer and distributor network. The company is part of Germany's ZF Friedrichshafen Group and, alongside domestic OE and aftermarket sales, exports components and provides engineering and software-development services to ZF's global operations.

Segments

  • OEM (Original Equipment)
  • Aftermarket
  • Exports (Goods)
  • Exports (Services)
Manufacturing plants (India)
6
Global engineering & technology centres
3
Authorized aftermarket service partners
~270
Aftermarket dealers/distributors
~550
Dedicated vehicle proving ground
1
Engineers at global digitalization & software development centre
>1,000
Headquarters Chennai, Tamil Nadu, India Company website

How the price took the results

Moved an average of ±2.3% across the last 3 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2728 Jul 261,066 104+9.2%₹2,299.1 → ₹2,376.9+3.4%
Q4 FY2615 May 261,155 146+14.1%₹14,120 → ₹14,516+2.8%
Q3 FY2612 Feb 261,075 140+11.7%₹15,950 → ₹15,816−0.8%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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Other Automobile and Auto Components companies

PEER COMPARISON
Median ₹26,417 Cr Mkt Cap
₹0 Cr₹20,000 Cr₹40,000 Cr₹60,000 CrZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA): ₹26,417 Cr₹26,417 CrZFCVINDIASansera Engineering Limited (SANSERA): ₹29,045 Cr₹29,045 CrSANSERACraftsman Automation Limited (CRAFTSMAN): ₹27,488 Cr₹27,488 CrCRAFTSMANAsahi India Glass Limited (ASAHIINDIA): ₹26,915 Cr₹26,915 CrASAHIINDIAApollo Tyres Limited (APOLLOTYRE): ₹26,417 Cr₹26,417 CrAPOLLOTYREMotherson Sumi Wiring India Limited (MSUMI): ₹26,023 Cr₹26,023 CrMSUMIForce Motors Ltd (FORCEMOT): ₹24,820 Cr₹24,820 CrFORCEMOTGabriel India Limited (GABRIEL): ₹24,366 Cr₹24,366 CrGABRIELSundram Fasteners Limited (SUNDRMFAST): ₹23,059 Cr₹23,059 CrSUNDRMFAST

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Quick Answers

Frequently asked questions on ZF Commercial Vehicle Control Systems India Limited

Compiled directly from ZFCVINDIA's filed financial statements, earnings call transcripts, and ownership disclosures.

How did ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) perform in its latest reported quarter (Jun 2026)?

For the quarter ended Jun 2026, ZF Commercial Vehicle Control Systems India Limited reported revenue of ₹1.1k Cr, net profit of ₹104 Cr, an operating margin of 13.0%. Diluted earnings per share stood at ₹9.18.

How is ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) valued today, and what growth does the stock price imply?

ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) trades at ₹2,321.2, with a market capitalization of ₹26.4k Cr. Reverse-DCF analysis shows the current stock price implies -1.1% annual earnings growth over the next 7 years compared with its historical net-profit CAGR of 17.6%.

Who owns ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 60.0%, FIIs hold 5.1%, DIIs hold 25.5%, Public shareholders hold 9.4%.

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