ZF Commercial Vehicle Control Systems India Ltd Stock Analysis

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

BSE Share Price 28-Sep-2023 18:02
15299.50 -156.75 (-1.01%)

DeciZen - Make an Informed Decision on ZF Comm Vehic Contr

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

ZF Comm Vehic Contr Price Chart

P/E Ratio (SA):
81.74
Market Cap:
29,019.5 Cr.
52-wk low:
8,592.1
52-wk high:
16,731
Bole Toh?

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 Somewhat 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 1,1111,3481,8322,0672,5732,8541,9301,8642,5433,4453,607
YoY Gr. Rt. %-21.4%35.9%12.8%24.5%10.9%-32.4%-3.4%36.5%35.4%-
Adj EPS 57.566.6100.6108.8131.9134.470.947.669.6162.1187.2
YoY Gr. Rt. %-15.9%51%8.2%21.2%1.9%-47.3%-32.8%46.2%133.1%-
BVPS (₹) 398.1455561.9665.3800.4938.4998.81,052.51,114.61,270.11,322.7
Adj Net Profit 10912619120625025513490.2132308355
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 24.4% 17.5% 37.9% 53.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 15.515.619.817.717.915.47.34.66.413.614.4
Op. Profit Mgn % 1515.915.616.215.514.413.211.110.113.714.2
Net Profit Mgn % 9.89.410.4109.78.974.85.28.99.8
Debt to Equity 0000000000-
Working Cap Days 1241181121221221261601521341080
Cash Conv. Cycle 524232332730575952460

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

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 27.02%

No data to display

Latest Financials - ZF Commercial Vehicle Control Systems India Ltd.

Standalone Consolidated
TTM EPS (₹) 187.2 187.2
TTM Sales (₹ Cr.) 3,607 3,613
BVPS (₹.) 1,322.7 1,322.7
Reserves (₹ Cr.) 2,499 2,499
P/BV 11.57 11.57
PE 81.74 81.75
From the Market
52 Week Low / High (₹) 8592.05 / 16731.00
All Time Low / High (₹) 100.00 / 16731.00
Market Cap (₹ Cr.) 29,019
Equity (₹ Cr.) 9.5
Face Value (₹) 5
Industry PE 44.9

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

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Analyst's Notes

Key Ratios of ZF Comm Vehic Contr

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

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 28-Sep-2023 18:02 is : 15,299.5.
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 28-Sep-2023 18:02 the market cap of ZF Comm Vehic Contr stood at ₹ 29,019.5.
The latest PE ratio of ZF Comm Vehic Contr as of 28-Sep-2023 18:02 is 81.74.
The latest PB ratio of ZF Comm Vehic Contr as of 28-Sep-2023 18:02 is 11.57
The 52-week high of ZF Comm Vehic Contr is ₹ 16,731 and the 52-week low is ₹ 8,592.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of ZF Comm Vehic Contr is ₹ 3,607 ( 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


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