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  15k   27   2

1063.00
-11.05 (-1.03%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 1074

Today's Low

₹ 1047

52 Week High

₹ 1947

52 Week Low

₹ 870

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

₹ 964.49 Cr.

Enterprise Value

₹ 980.53 Cr.

No. of Shares

0.91 Cr.

P/E

27.75

P/B

2.01

Face Value

₹ 10

Div. Yield

0.75 %

Book Value (TTM)

₹  528.73

CASH

₹ 13.05 Cr.

DEBT

₹ 29.09 Cr.

Promoter Holding

67.01 %

EPS (TTM)

₹  38.31

Sales Growth

6.08%

ROE

10.81 %

ROCE

12.02%

Profit Growth

87.58 %

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 Year6.08%
3 Year33.36%
5 Year1.69%

Profit Growth

1 Year87.58%
3 Year75.36%
5 Year107.46%

ROE%

1 Year10.81%
3 Year7.26%
5 Year4.82%

ROCE %

1 Year12.02%
3 Year9.31%
5 Year6.16%

Debt/Equity

0.0628

Price to Cash Flow

22.57

Interest Cover Ratio

62.5824

CFO/PAT (5 Yr. Avg.)

1.5704

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 67.01 0.00
Sep 2024 67.17 0.00
Jun 2024 67.17 0.00
Mar 2024 67.17 0.00
Dec 2023 67.18 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 75.3553638290274% for the Past 3 years.
  • The company has shown a good revenue growth of 33.3550737216182% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 62.5824.
  • Company’s PEG ratio is 0.316825661973735.
  • The company has an efficient Cash Conversion Cycle of 85.7072 days.
  • Company has a healthy liquidity position with current ratio of 2.4391.
  • The company has a good cash flow management; CFO/PAT stands at 1.5704.
  • The company has a high promoter holding of 67.01%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 4.92621173401629.

 Limitations

  • Company has a poor ROE of 7.26399795918367% over the past 3 years.
  • Tax rate is low at 14.8465.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 113.5 124.13 127.89 110.95 117.39
Total Expenditure 103.47 113.3 110.19 98.64 106.13
Operating Profit 10.03 10.83 17.7 12.31 11.26
Other Income 13.28 11.02 9.4 6.95 2.97
Interest 0.15 0.45 0.73 0.62 0.71
Depreciation 8.49 9.02 7.06 7.78 8.23
Exceptional Items 0 0 0 0 0
Profit Before Tax 14.67 12.38 19.31 10.86 5.29
Tax 2.64 1.68 4.79 4.96 1.65
Profit After Tax 12.03 10.7 14.52 5.9 3.64
Adjusted EPS (Rs) 13.26 11.8 16.01 6.51 4.01

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 286.57 201.48 312.8 450.43 477.82
Total Expenditure 320.51 183.2 272.18 394.31 425.25
Operating Profit -33.94 18.28 40.62 56.12 52.57
Other Income 3.64 26.36 20.98 13.98 37.78
Interest 1.09 0.29 0.31 0.72 0.91
Depreciation 32.47 37.59 31.39 32.18 33.4
Exceptional Items 66.85 0 0 0 0
Profit Before Tax 2.99 6.76 29.9 37.2 56.04
Tax 3.27 -2.09 11.63 11.76 8.32
Net Profit -0.28 8.85 18.27 25.44 47.72
Adjusted EPS (Rs.) -0.31 9.76 20.14 28.05 52.61

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 9.07 9.07 9.07 9.07 9.07
Total Reserves 357.98 367.57 386.04 410.51 454.07
Borrowings 1.04 0.38 0 0 0
Other N/C liabilities -15.38 -17.23 2.58 -2.09 -1.65
Current liabilities 60.58 83.28 67.55 83.8 76.79
Total Liabilities 413.29 443.07 465.24 501.29 538.28
Assets
Net Block 198.79 174.81 159.13 144.3 135.24
Capital WIP 6.62 2.41 2.37 1.49 3.59
Intangible WIP 0 0.02 0.02 0.16 0.33
Investments 106.97 120.42 118.6 155.46 142.12
Loans & Advances 9.9 9.72 24.45 27.77 68.95
Other N/C Assets 0 0 0 1.08 0.75
Current Assets 91.01 135.69 160.67 171.03 187.3
Total Assets 413.29 443.07 465.24 501.29 538.28
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -63.86 6.76 29.9 37.2 56.04
Adjustment 104.25 13.52 17.1 27.13 4.49
Changes in Assets & Liabilities 38.19 -46.15 -27.22 -7.07 -7.91
Tax Paid -3.65 -0.44 -4.61 -6.74 -9.89
Operating Cash Flow 74.93 -26.31 15.17 50.52 42.73
Investing Cash Flow -28.56 0.93 -16.16 -62.21 -17.29
Financing Cash Flow -44.16 26.25 -3.15 9.65 -12.71
Net Cash Flow 2.21 0.87 -4.14 -2.04 12.73

Corporate Actions

Investors Details

PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
promoters 67.18 67.17 67.17 67.17 67.01
amita jinendra munot 1.62 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 2.47 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 1.28 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 1.61 1.61 1.61 1.45
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 1.25 1.25 1.25 1.25 1.25
PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
investors 32.82 32.83 32.83 32.83 32.99
68776 - - - - 0.76
ashish rameshchand munot ... 1.44 1.44 1.44 1.44 1.44
llp 0.12 0.11 0.12 0.27 0.26
manish rameshchand munot ... 1.79 1.79 1.79 1.79 1.79
ramesh hirachand munot 1.90 2.38 2.38 2.38 2.38
urmil mahasukh gopani 1.54 - 1.54 1.52 1.52
investor education and pr... - - - 0.70 -
investor education and pr... 0.70 0.70 0.70 - -
urmila mahasukh gopani - 1.54 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

ZF Steering Gear (India) informs about closure of trading window 28 Mar, 12:52 PM ZF Steering Gear (I) - Quaterly Results 8 Feb, 12:45 PM ZF Steering Gear (I) - Quaterly Results 8 Feb, 12:45 PM ZF Steering Gear (I) - Quaterly Results 8 Feb, 12:45 PM ZF Steering Gear (I) - Quaterly Results 11 Nov, 12:27 PM ZF Steering Gear (I) - Quaterly Results 11 Nov, 12:27 PM ZF Steering Gear (I) - Quaterly Results 11 Nov, 12:27 PM ZF Steering Gear (India) informs about updates 22 Oct, 1:45 PM Z.F.Steering Gear (India) informs about analyst meet 11 Oct, 5:19 PM Z.F.Steering Gear (India) informs about trading window closure 27 Sep, 2:31 PM ZF Steering Gear (I) - Quaterly Results 6 Aug, 12:38 PM ZF Steering Gear (I) - Quaterly Results 6 Aug, 12:38 PM ZF Steering Gear (I) - Quaterly Results 6 Aug, 12:38 PM ZF Steering Gear (India) informs about newspaper advertisements 4 Jul, 5:07 PM ZF Steering Gear (I) - Quaterly Results 25 May, 1:03 PM ZF Steering Gear (I) - Quaterly Results 25 May, 1:03 PM ZF Steering Gear (I) - Quaterly Results 25 May, 1:03 PM ZF Steering Gear (India) informs about certificate 8 Apr, 11:49 AM Z.F.Steering Gear (India) informs about trading window closure 26 Mar, 2:47 PM Z.F.Steering Gear (India) informs about loss of share certificate 19 Mar, 12:45 PM ZF Steering Gear (I) - Quaterly Results 3 Feb, 12:31 PM ZF Steering Gear (I) - Quaterly Results 3 Feb, 12:31 PM ZF Steering Gear (I) - Quaterly Results 3 Feb, 12:31 PM ZF Steering Gear (India) informs about board meeting 25 Jan, 10:52 AM ZF Steering Gear (India) informs about newspaper publication 20 Nov, 5:25 PM ZF Steering Gear (I) - Quaterly Results 4 Nov, 12:02 PM ZF Steering Gear (I) - Quaterly Results 4 Nov, 12:02 PM ZF Steering Gear (India) informs about board meeting 27 Oct, 4:31 PM Z.F.Steering Gear (India) informs about AGM 16 Sep, 4:10 PM ZF Steering Gear’s JV acquires leasehold rights of Industrial land in Kolhapur 22 Aug, 3:16 PM Z.F.Steering Gear (India) informs about dividend updates 22 Jul, 2:58 PM ZF Steering Gear (I) - Quaterly Results 22 Jul, 12:07 PM ZF Steering Gear (I) - Quaterly Results 22 Jul, 12:07 PM ZF Steering Gear (I) - Quaterly Results 22 Jul, 12:07 PM ZF Steering Gear (India) informs about board meeting 15 Jul, 3:00 PM ZF Steering Gear (India) informs about closure of trading window 30 Jun, 12:16 PM ZF Steering Gear (I) - Quaterly Results 29 Apr, 12:58 PM ZF Steering Gear (I) - Quaterly Results 29 Apr, 12:58 PM ZF Steering Gear (I) - Quaterly Results 29 Apr, 12:58 PM ZF Steering Gear (India) informs about disclosure 30 Mar, 11:13 AM ZF Steering Gear (India) informs about closure of trading window 25 Mar, 11:53 AM ZF Steering Gear (India) informs about share purchase agreement 24 Mar, 9:51 AM ZF Steering Gear (India) informs about details of loss of certificate 20 Feb, 4:57 PM ZF Steering Gear (India) informs about loss of share certificate 4 Feb, 11:38 AM ZF Steering Gear (I) - Quaterly Results 14 Jan, 11:57 AM ZF Steering Gear (I) - Quaterly Results 14 Jan, 11:57 AM ZF Steering Gear (I) - Quaterly Results 14 Jan, 11:57 AM ZF Steering Gear (India) informs about board meeting 7 Jan, 10:08 AM ZF Steering Gear (India) informs about loss of share certificate 16 Dec, 4:49 PM ZF Steering Gear (India) informs about board meeting outcome 19 Nov, 4:56 PM

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 poor sales growth of 6.0809 % and in the latest quarter sales was Rs 117.39 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 7.6746 times for ZF Steering Gear (I) . It is managing its inventory poorly .
     
  • ZF Steering Gear (I) reported Profit growth of 87.5786 % over the year, where the latest year profit is Rs 47.72 Cr compared to the previous year of Rs 25.44 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 11.26 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • ZF Steering Gear (I) has a average ROE of 10.812 %. 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 0.0628.
     
  • ZF Steering Gear (I) pays a dividend of 8 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.7526 %.
     
  • The share of promoter in ZF Steering Gear (I) is high at 67.01 %, 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 27.7471796022991 compared to the 5 year average PE of 18.008553297789 .
     
  • Share Price: - The current share price of ZF Steering Gear (I) is Rs 1063. 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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