ZF Steering Gear (I)
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ZF Steering Gear (I) share price

ZF Steering Gear (India) Ltd.

NSE: ZFSTEERING BSE: 505163 SECTOR: Auto Ancillary  10k   22   1

1080.00
-8.10 (-0.74%)
BSE: 25 Apr 04:01 PM

Price Summary

Today's High

₹ 1114

Today's Low

₹ 1072

52 Week High

₹ 1120

52 Week Low

₹ 525

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 979.92 Cr.

Enterprise Value

₹ 1015.53 Cr.

No. of Shares

0.91 Cr.

P/E

20.63

P/B

2.17

Face Value

₹ 10

Div. Yield

0.46 %

Book Value (TTM)

₹  498.3

CASH

₹ 0.53 Cr.

DEBT

₹ 36.14 Cr.

Promoter Holding

67.17 %

EPS (TTM)

₹  52.36

Sales Growth

44%

ROE

6.25 %

ROCE

8.63%

Profit Growth

39.24 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year44%
3 Year16.27%
5 Year1.19%

Profit Growth

1 Year39.24%
3 Year352.83%
5 Year-11.58%

ROE%

1 Year6.25%
3 Year4.45%
5 Year2.59%

ROCE %

1 Year8.63%
3 Year5.91%
5 Year3.2%

Debt/Equity

0.0861

Price to Cash Flow

19.4

Interest Cover Ratio

52.6666666666667

CFO/PAT (5 Yr. Avg.)

3.6686286050618

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 67.17 0
Dec 2023 67.18 0
Sep 2023 67.18 0
Jun 2023 67.18 0
Mar 2023 67.31 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 352.833386345594% for the Past 3 years.
  • The company has shown a good revenue growth of 16.2692506570817% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 52.6666666666667.
  • Company’s PEG ratio is 0.525562341924559.
  • The company has an efficient Cash Conversion Cycle of 86.8483058746252 days.
  • Company has a healthy liquidity position with current ratio of 2.0409307875895.
  • The company has a good cash flow management; CFO/PAT stands at 3.6686286050618.
  • The company has a high promoter holding of 67.17%.

 Limitations

  • Company has a poor ROE of 4.45334603937941% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 109.27 125.13 120.87 119.32 113.5
Total Expenditure 98.24 109.26 102.48 106 103.47
Operating Profit 11.03 15.87 18.39 13.32 10.03
Other Income 3.87 8.37 7.1 6.38 13.28
Interest 0.16 0.25 0.15 0.16 0.15
Depreciation 8.47 9.1 7.76 8.13 8.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 6.27 14.89 17.58 11.41 14.67
Tax 1.8 4.4 5.61 -1.61 2.64
Profit After Tax 4.47 10.49 11.97 13.02 12.03
Adjusted EPS (Rs) 4.93 11.57 13.2 14.36 13.26

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 439.34 286.57 201.48 312.8 450.43
Total Expenditure 364.17 320.51 183.2 272.18 394.31
Operating Profit 75.17 -33.94 18.28 40.62 56.12
Other Income 10.92 3.64 26.36 20.98 13.98
Interest 1.94 1.09 0.29 0.31 0.72
Depreciation 31.03 32.47 37.59 31.39 32.18
Exceptional Items -66.85 66.85 0 0 0
Profit Before Tax -13.73 2.99 6.76 29.9 37.2
Tax -12.42 3.27 -2.09 11.63 11.76
Net Profit -1.31 -0.28 8.85 18.27 25.44
Adjusted EPS (Rs.) -1.44 -0.31 9.76 20.14 28.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 9.07 9.07 9.07 9.07 9.07
Total Reserves 359.14 357.98 367.57 386.04 410.51
Borrowings 20.95 1.04 0.38 0 0
Other N/C liabilities -9.64 -15.38 -17.23 2.58 11.75
Current liabilities 95.95 60.58 83.28 67.55 83.8
Total Liabilities 475.47 413.29 443.07 465.24 515.13
Assets
Net Block 110.95 198.79 174.81 159.13 144.3
Capital WIP 26.29 6.62 2.41 2.37 1.49
Intangible WIP 0 0 0.02 0.02 0.16
Investments 151.73 106.97 120.42 118.6 155.46
Loans & Advances 40 9.9 9.72 24.45 41.61
Other N/C Assets 9.92 0 0 0 1.08
Current Assets 136.58 91.01 135.69 160.67 171.03
Total Assets 475.47 413.29 443.07 465.24 515.13
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 53.12 -63.86 6.76 29.9 37.2
Adjustment 26.07 104.25 13.52 17.1 27.13
Changes in Assets & Liabilities 6.23 38.19 -46.15 -27.22 -7.07
Tax Paid -12.74 -3.65 -0.44 -4.61 -6.74
Operating Cash Flow 72.68 74.93 -26.31 15.17 50.52
Investing Cash Flow -42.55 -28.56 0.93 -16.16 -62.21
Financing Cash Flow -27.96 -44.16 26.25 -3.15 9.65
Net Cash Flow 2.17 2.21 0.87 -4.14 -2.04

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 67.31 67.18 67.18 67.18 67.17
amita jinendra munot 1.66 1.62 1.62 1.62 1.62
dinesh munot 20.82 20.82 20.82 20.82 20.82
eitika utkarsh munot 0.03 0.03 0.03 0.03 0.03
jinendra hirachand munot 2.50 2.47 2.47 2.47 2.47
munot harishkumar amolcha... 2.97 2.97 2.97 2.97 2.97
munot jinendrakumar hirac... 0.34 0.34 0.34 0.34 0.34
nandini munot 3.54 3.54 3.54 3.54 3.54
piyush jinendra munot 1.32 1.28 1.28 1.28 1.28
pragati dinesh bothra 1.29 1.29 1.29 1.29 1.29
pramila amolchand munot 1.62 1.62 1.62 1.62 1.61
prerna bothra 0.02 0.02 0.02 0.02 0.02
trupti sushen gupta 1.36 1.36 1.36 1.36 1.36
utkarsh munot 28.56 28.56 28.56 28.56 28.56
yash munot 1.28 1.25 1.25 1.25 1.25
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 32.69 32.82 32.82 32.82 32.83
ashish rameshchand munot ... - 1.44 1.44 1.44 1.44
investor education and pr... 0.67 0.70 0.70 0.70 0.70
llp 0.13 0.12 0.13 0.12 0.11
manish rameshchand munot ... - - 1.79 1.79 1.79
ramesh hirachand munot 1.90 1.90 1.90 1.90 2.38
urmila mahasukh gopani - - - - 1.54
urmil mahasukh gopani 1.49 1.54 1.54 1.54 -
manish rameshchand munot ... - 1.79 - - -
ashish rameshchand munot ... 1.44 - - - -
manish rameshchand munot 1.79 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY23 15 May 2023

Company News

ZF Steering Gear (India) informs about certificate8 Apr 2024, 11:49AM Z.F.Steering Gear (India) informs about trading window closure26 Mar 2024, 2:47PM Z.F.Steering Gear (India) informs about loss of share certificate19 Mar 2024, 12:45PM ZF Steering Gear (I) - Quaterly Results3 Feb 2024, 12:31PM ZF Steering Gear (I) - Quaterly Results3 Feb 2024, 12:31PM ZF Steering Gear (I) - Quaterly Results3 Feb 2024, 12:31PM ZF Steering Gear (India) informs about board meeting 25 Jan 2024, 10:52AM ZF Steering Gear (India) informs about newspaper publication 20 Nov 2023, 5:25PM ZF Steering Gear (I) - Quaterly Results4 Nov 2023, 12:02PM ZF Steering Gear (I) - Quaterly Results4 Nov 2023, 12:02PM ZF Steering Gear (India) informs about board meeting 27 Oct 2023, 4:31PM Z.F.Steering Gear (India) informs about AGM16 Sep 2023, 4:10PM ZF Steering Gear’s JV acquires leasehold rights of Industrial land in Kolhapur22 Aug 2023, 3:16PM Z.F.Steering Gear (India) informs about dividend updates22 Jul 2023, 2:58PM ZF Steering Gear (I) - Quaterly Results22 Jul 2023, 12:07PM ZF Steering Gear (I) - Quaterly Results22 Jul 2023, 12:07PM ZF Steering Gear (I) - Quaterly Results22 Jul 2023, 12:07PM ZF Steering Gear (India) informs about board meeting 15 Jul 2023, 3:00PM ZF Steering Gear (India) informs about closure of trading window 30 Jun 2023, 12:16PM ZF Steering Gear (I) - Quaterly Results29 Apr 2023, 12:58PM ZF Steering Gear (I) - Quaterly Results29 Apr 2023, 12:58PM ZF Steering Gear (I) - Quaterly Results29 Apr 2023, 12:58PM ZF Steering Gear (India) informs about disclosure 30 Mar 2023, 11:13AM ZF Steering Gear (India) informs about closure of trading window25 Mar 2023, 11:53AM ZF Steering Gear (India) informs about share purchase agreement24 Mar 2023, 9:51AM ZF Steering Gear (India) informs about details of loss of certificate20 Feb 2023, 4:57PM ZF Steering Gear (India) informs about loss of share certificate 4 Feb 2023, 11:38AM ZF Steering Gear (I) - Quaterly Results14 Jan 2023, 11:57AM ZF Steering Gear (I) - Quaterly Results14 Jan 2023, 11:57AM ZF Steering Gear (I) - Quaterly Results14 Jan 2023, 11:57AM ZF Steering Gear (India) informs about board meeting 7 Jan 2023, 10:08AM ZF Steering Gear (India) informs about loss of share certificate 16 Dec 2022, 4:49PM ZF Steering Gear (India) informs about board meeting outcome19 Nov 2022, 4:56PM ZF Steering Gear (India) informs about disclosure of related party transactions21 Oct 2022, 4:37PM ZF Steering Gear (India) informs about outcome of the meeting of board15 Oct 2022, 2:22PM ZF Steering Gear (I) - Quaterly Results15 Oct 2022, 11:55AM ZF Steering Gear (I) - Quaterly Results15 Oct 2022, 11:55AM ZF Steering Gear (I) - Quaterly Results15 Oct 2022, 11:55AM ZF Steering Gear (India) informs about AGM9 Aug 2022, 4:01PM ZF Steering Gear (I) - Quaterly Results30 Jul 2022, 11:58AM ZF Steering Gear (I) - Quaterly Results30 Jul 2022, 11:58AM ZF Steering Gear (I) - Quaterly Results30 Jul 2022, 11:58AM ZF Steering Gear (India) informs about board meeting intimation 23 Jul 2022, 11:26AM ZF Steering Gear’s wholly owned subsidiaries get industrial land in Ahmednagar13 Jul 2022, 12:30PM ZF Steering Gear (I) - Quaterly Results21 May 2022, 12:46PM ZF Steering Gear (I) - Quaterly Results21 May 2022, 12:46PM ZF Steering Gear (I) - Quaterly Results21 May 2022, 12:46PM ZF Steering Gear (India) informs about certificate8 Apr 2022, 11:32AM ZF Steering Gear (India) informs about withdrawal of resignation of CFO15 Mar 2022, 5:24PM ZF Steering Gear (India) informs about outcome of board meeting 22 Jan 2022, 4:00PM

ZF Steering Gear (I) Stock Price Analysis and Quick Research Report. Is ZF Steering Gear (I) an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how ZF Steering Gear (I) is performing and if it is the right time to buy the stock of ZF Steering Gear (I) with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, ZF Steering Gear (I) has reported outstanding sales growth of 43.9993606138108 % and in the latest quarter sales was Rs 113.5 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 7.78819054205931 times for ZF Steering Gear (I) . It is managing its inventory poorly .
     
  • ZF Steering Gear (I) reported Profit growth of 39.2446633825944 % over the year, where the latest year profit is Rs 25.44 Cr compared to the previous year of Rs 18.27 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of ZF Steering Gear (I) in the latest quarter is Rs 10.03 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • ZF Steering Gear (I) has a poor ROE of 6.24532030588322 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. ZF Steering Gear (I) has a low Debt to Equity ratio of 0.0861.
     
  • ZF Steering Gear (I) pays a dividend of 5 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.463 %.
     
  • The share of promoter in ZF Steering Gear (I) is high at 67.17 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of ZF Steering Gear (I) is 20.6254869906651 compared to the 5 year average PE of 14.8912549923538 .
     
  • Share Price: - The current share price of ZF Steering Gear (I) is Rs 1080. One can use valuation calculators of ticker to know if ZF Steering Gear (I) share price is undervalued or overvalued.
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Brief about ZF Steering Gear (I)
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