ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA) — shareholding pattern, promoter holding, financials and share price
About ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA)
ZF Commercial Vehicle Control System India Ltd operates in the Auto Components & Equipments industry, within the Automobile and Auto Components sector. It trades on the NSE as ZFCVINDIA and on the BSE under scrip code 533023. Its ISIN is INE342J01019.
Operating under the ZF WABCO brand and part of ZF Group Commercial Vehicle Control Systems Division, WABCO INDIA Limited is India’s market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India. It also provides software development and other services. Its headquarter is in Chennai, India
ZF Commercial Vehicle Control Systems India Limited manufactures air‑brake actuation systems and advanced commercial vehicle technologies, operating five Indian plants, an advanced technology development centre, a vehicle test track near Chennai, a nationwide aftermarket network and as part of the ZF Group's CVS division with deep OEM integration and global engineering service exports.
The company reported consolidated Q3 revenues of INR1,105 crores, a 12.8% year‑on‑year increase, delivered a 20% EBITDA margin and reported PAT of INR140.2 crores (12.7% margin), driven by retrospective price adjustments, improved volume absorption and cost discipline that produced notable seasonal margin expansion in the December quarter.
Listed peers in Auto Components & Equipments: Motherson Sumi Wiring India Ltd, Craftsman Automation Ltd, Belrise Industries Ltd, Asahi India Glass Ltd, Tenneco Clean Air India Ltd, Gabriel India Ltd.
Valuation & Returns
28 Jul 2026At ₹2,376.9 a share on 28 Jul 2026, ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA) was valued at a price-to-earnings ratio of 54.18x against an industry P/E of 38.19x and a price-to-book of 7.33x on a book value of ₹324.29 per share as of Mar 2026. Solomo computes return on equity of 13.53% and return on capital employed of 18% from filed results. Earnings ratios use consolidated results for the twelve months Sep 2025 to Jun 2026.
- P/E
- 54.18x
- Industry P/E
- 38.19x
- P/B
- 7.33x
- EPS (TTM)
- ₹43.87
- Book value / share
- ₹324.29
- ROE
- 13.53%
- ROCE
- 18%
- ROA
- 11.28%
- Debt / equity
- 0.01x
- Dividend yield
- 0.97%
- EBITDA margin
- 19.14%
- 52-week range
- ₹2,053.38 – ₹3,041.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA) reported revenue of ₹4,119 crore, net profit of ₹517 crore and earnings per share of ₹45.44. That compares with revenue of ₹3,831 crore and net profit of ₹461 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹1,066 crore and net profit ₹104 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,543 | 3,444 | 3,816 | 3,831 | 4,119 |
| Net profit (₹ cr) | 142 | 318 | 406 | 461 | 517 |
| EPS (₹) | 12.48 | 27.91 | 35.72 | 40.49 | 45.44 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 6.71% | 16.83% | 5.59% | 7.52% |
| Profit growth | 10.08% | 37.31% | 16.84% | 12.25% |
| Stock price CAGR | 8% | 15% | 5% | 8% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 60% of ZF Commercial Vehicle Control System India Ltd (ZFCVINDIA) (unchanged from the previous quarter), foreign institutional investors (FII) hold 5.93% and domestic institutional investors (DII) hold 25.45%. Market capitalisation was ₹27,050 crore on 28 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2010.
Largest disclosed public shareholders in Jun 2026: SBI NIFTY SMALLCAP 250 ETF 6.82%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY 500 EQUAL WEIGHT 4.4%, KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY SMALLCAP 250 INDEX FUND 2.16%, ICICI PRUDENTIAL NIFTY SMALLCAP 250 ETF 1.62%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 60% | - | 5.93% | 25.45% | 40% |
| Mar 2026 | 60% | - | 5.78% | 26.21% | 40% |
| Dec 2025 | 60% | - | 5.37% | 26.68% | 40% |
| Sep 2025 | 60% | - | 5.79% | 26.25% | 40% |
| Jun 2025 | 60% | - | 5.73% | 26.36% | 40% |
| Mar 2025 | 63.16% | - | 5.57% | 23.33% | 36.84% |
| Dec 2024 | 63.16% | - | 5.1% | 23.85% | 36.84% |
| Sep 2024 | 67.49% | - | 4.13% | 21.03% | 32.51% |