ZF Commercial Vehicle Control Systems India Ltd - Stock Valuation and Financial Performance

BSE: 533023 | NSE: ZFCVINDIA | Auto Ancillary | Mid Cap

ZF Comm Vehic Contr Share Price

17,396.45 24.35 0.14%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on ZF Comm Vehic Contr

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

ZF Commercial Vehicle Control Systems India stock performance -

mw4me loader
P/E Ratio (SA):
81.11
Market Cap:
32,831.3 Cr.
52-wk low:
11,684
52-wk high:
18,100.1

Is ZF Commercial Vehicle Control Systems India Ltd an attractive stock to invest in?

1. Is ZF Commercial Vehicle Control Systems India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that ZF Commercial Vehicle Control Systems India Ltd is a good quality company.

2. Is ZF Commercial Vehicle Control Systems India Ltd undervalued or overvalued?

The key valuation ratios of ZF Commercial Vehicle Control Systems India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is ZF Commercial Vehicle Control Systems India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of ZF Commercial Vehicle Control Systems India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of ZF Comm Vehic Contr:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ZF Commercial Vehicle Control Systems India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.6%15.6%19.8%17.7%18%15.4%7.4%4.7%6.5%13.8%-
Value Creation
Index
0.10.10.50.30.30.1-0.5-0.7-0.50.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1111,3481,8322,0672,5732,8541,9301,8642,5433,4453,784
Sales YoY Gr.-21.4%35.9%12.8%24.5%10.9%-32.4%-3.4%36.5%35.4%-
Adj EPS 57.566.6100.6108.8131.9134.470.947.669.6162.1213.4
YoY Gr.-15.9%51%8.2%21.2%1.9%-47.3%-32.8%46.2%133.1%-
BVPS (₹) 398.1455561.9665.3800.4938.4998.81,052.51,114.61,270.11,470.2
Adj Net
Profit
10912619120625025513490.2132308405
Cash Flow from Ops. 143124242180311150224138138299-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%6%21.3%35.4%
Adj EPS 12.2%4.2%31.8%133.1%
BVPS13.8%9.7%8.3%14%
Share Price 20% 23.2% 33.6% 45.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.515.619.817.717.915.47.34.66.413.615.6
Op. Profit
Mgn %
1515.915.616.215.514.413.211.110.113.714.9
Net Profit
Mgn %
9.89.410.4109.78.974.85.28.910.7
Debt to
Equity
00000000000
Working Cap
Days
124118112122122126160152134108113
Cash Conv.
Cycle
5242323327305759524689

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.60%

Sales growth is growing at healthy rate in last 3 years 21.31%

Net Profit is growing at healthy rate in last 3 years 31.78%

Sales growth is good in last 4 quarters at 10.76%

No data to display

Latest Financials - ZF Commercial Vehicle Control Systems India Ltd.

Standalone Consolidated
TTM EPS (₹) 213.4 214.3
TTM Sales (₹ Cr.) 3,784 3,816
BVPS (₹.) 1,470.2 1,471.1
Reserves (₹ Cr.) 2,779 2,781
P/BV 11.77 11.77
PE 81.11 80.78
From the Market
52 Week Low / High (₹) 11684.00 / 18100.05
All Time Low / High (₹) 100.00 / 18100.05
Market Cap (₹ Cr.) 32,831
Equity (₹ Cr.) 9.5
Face Value (₹) 5
Industry PE 52.7

Management X-Ray of ZF Comm Vehic Contr:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of ZF Comm Vehic Contr

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,1111,3481,8322,0672,5732,8541,9301,8642,5433,445
Operating Expenses 9451,1451,5461,7412,1752,4441,6781,6582,2912,974
Manufacturing Costs8695130153190189128112143187
Material Costs6347931,1001,2381,6021,8221,1491,1341,6432,197
Employee Cost 125143175191229254266290329377
Other Costs 99114141159153179136121176213
Operating Profit 166203287326399410251206253470
Operating Profit Margin (%) 15.0%15.1%15.6%15.8%15.5%14.4%13.0%11.0%9.9%13.7%
Other Income 27204036477264393867
Interest 0000202226
Depreciation 324756626271909092105
Exceptional Items 0000000000
Profit Before Tax 161177270300382411223152196427
Tax 44566787109129654854109
Profit After Tax 117121203213273282159104142318
PAT Margin (%) 10.6%9.0%11.1%10.3%10.6%9.9%8.2%5.6%5.6%9.2%
Adjusted EPS (₹)61.963.6107.2112.6143.8148.883.754.774.9167.5
Dividend Payout Ratio (%)8%8%6%6%6%6%12%20%16%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7558631,0661,2621,5181,7801,8951,9962,1142,409
Share Capital 9999999999
Reserves 7468541,0561,2521,5091,7701,8851,9872,1052,400
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables151178346326532412157342346359
Others Liabilities 5173111149118143129151158230
Total Liabilities 9571,1131,5231,7372,1692,3362,1802,4902,6182,998

Fixed Assets

Gross Block4735383914355346867898481,0441,177
Accumulated Depreciation16621456117175246318416508592
Net Fixed Assets306324335318359440471432536586
CWIP 11183762521930502077
Investments 5039218298446313542640399101
Inventories112118176145132151113114145155
Trade Receivables231299437518648634364585666758
Cash Equivalents 1552232132673565504614626691,169
Others Assets9093107129175228199207183153
Total Assets 9571,1131,5231,7372,1692,3362,1802,4902,6182,998

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 143124242180311150224138138299
PBT 161177270300382411223152196427
Adjustment 24345831313333575859
Changes in Working Capital 5-31-8-516-16036-30-45-76
Tax Paid -46-55-79-101-107-134-68-41-70-111
Cash Flow From Investing Activity -76-45-241-120-205-429-165-24-178-271
Capex -61-73-84-73-95-119-92-70-176-128
Net Investments -2314-171-61-122-327-9522-17-182
Others 8131415121822241538
Cash Flow From Financing Activity -11-11-12-14-18-18-48-19-28-31
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-20000-4
Dividend Paid -11-11-9-11-13-15-360-21-23
Others 00-2-2-3-3-12-19-7-4
Net Cash Flow 5668-104688-2971196-69-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.7314.9121.0918.3319.6317.118.645.346.9114.05
ROCE (%)22.9621.8728.0225.7827.4624.8612.267.939.6219.13
Asset Turnover Ratio1.371.411.521.391.341.270.850.811.011.24
PAT to CFO Conversion(x)1.221.021.190.851.140.531.411.330.970.94
Working Capital Days
Receivable Days64666777818294918974
Inventory Days38292726191825221816
Payable Days73768799989590807659

ZF Commercial Vehicle Control Systems India Ltd Stock News

ZF Commercial Vehicle Control Systems India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ZF Comm Vehic Contr on 14-Jun-2024 16:01 is ₹17,396.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jun-2024 16:01 the market cap of ZF Comm Vehic Contr stood at ₹32,831.3.
The latest P/E ratio of ZF Comm Vehic Contr as of 14-Jun-2024 16:01 is 81.11.
The latest P/B ratio of ZF Comm Vehic Contr as of 14-Jun-2024 16:01 is 11.77.
The 52-week high of ZF Comm Vehic Contr is ₹18,100.1 and the 52-week low is ₹11,684.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ZF Comm Vehic Contr is ₹3,784 ( Cr.) .

About ZF Commercial Vehicle Control Systems India Ltd

WABCO-TVS (INDIA) is a joint venture between TVS Group and WABCO Holdings Inc. The company has pioneered the manufacture of air-assisted and air brake systems for commercial vehicles in India. With a commitment of total satisfaction to customers, their company has achieved a share of business in the OE (Original Equipment) segment greater than 85% and a market share in the after-market greater than 75%.

WABCO-TVS (INDIA) Limited is the leading provider for air brake actuation systems for commercial vehicles.

WABCO, one of the leading providers of electronic braking, stability, suspension and transmission control systems to the global commercial vehicle industry, and TVS Group, a leading producer of automotive components, two-wheelers, electronic hardware and a major distributor of automotives and spare parts in addition to operating goods transport and financial services, in May 2007 announced their intention to transfer the brakes business of their Indian joint-venture Sundaram Clayton Ltd (SCL) to a new wholly-owned subsidiary, WABCO-TVS (INDIA) Ltd., (WABCO-TVS) through a demerger plan.

The company's Research and Development center is full-fledged and state-of-the-art to facilitate design, development, simulation and testing. A team of professional engineers powered with the best production facilities gear us up to translate design competence into excellence in manufacturing through concepts such as cellular manufacturing and operation standards.

WABCO-TVS has a solid foundation in its domestic market leadership and pioneering R&D efforts. Comprehensive TQM (Total Quality Management) practices enable the company in being a competitive world-class manufacturer in terms of quality, cost and timely delivery of products.

Cellular manufacturing gives it the flexibility to respond in tune to customer needs. Comprehensive integration of the supply chain through implementation of ERP (Enterprise-Wide Resource Planning) programme has further enhanced WABCO-TVS (INDIA) responsiveness.

WABCO-TVS has a solid foundation in its domestic market leadership and pioneering R&D efforts. Comprehensive TQM (Total Quality Management) practices enables WABCO-TVS in being a competitive world-class manufacturer in terms of quality, cost and timely delivery of products.

With intensive R&D efforts and high quality standards, its products have found global acceptance. Today Australia, Malaysia, UK, Singapore, South Asia, North America, Venezuela and the Middle East are part of its export network.

In 2014, WABCO in order to improve thesafety and efficiency of commercial vehicle opened a new ApplicationEngineering Center in Pune, India. The new center, WABCO’s second of its kindin India, allows WABCO’s engineers to work closely with global commercialvehicle manufacturers in India to jointly develop customized products andsolutions across a broad range of vehicle platforms.

Product:

The company is the leading provider for air brake actuation systems for commercial vehicles.

Clientele:

WABCO-TVS (INDIA) Limited supplies original equipment fitments for vehicles manufactured by Ashok Leyland, TATA Motors, Vehicle Factory (Jabalpur), Bharat Earthmovers, TAFE, Volvo, SUTLEJ, CATERPILLAR, Eicher Motors, Swaraj Mazda, Force Motors, Mahindra & Mahindra, Tata Cummins (Engines) and a host of other trailer manufacturers.

Awards/ Recognition

  • WABCO Rounds off 2013 in China with 15 Awards from Industry and Customers; Continued Commitment to Innovation, Customer Service and Manufacturing Excellence
  • WABCO Recognized by Investment Community; CEO Ranks Among ‘Top 3’ in Institutional Investor Magazine’s 2014 All-America Executive Team Survey for Second Year in a Row
  • In March 2014 WABCO Gains Recognition for Continued Success in China; WABCO’s President of Asia Region Named Among ‘Top 100 New Leaders’ in China’s Economy


Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.