ZF Commercial Vehicle Control Systems India LimitedZFCVINDIACorporate

Consumer Cyclical Auto Parts Latest results: Jun 2026 15 quarters of data

₹2,157.00

MCap ₹24,548 Cr · P/E 49.2

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹1,066 Cr

Sales · Jun 2026

+9.3% YoY

₹138 Cr

Operating Profit · Jun 2026

+4.8% YoY

12.9%

OPM % · Jun 2026

-4.4% YoY

₹104 Cr

Net Profit · Jun 2026

-14.6% YoY

₹9.18

EPS · Jun 2026

-85.8% YoY

📝 ZF Commercial Vehicle Control Systems India Limited — results explained

Quarter ended June 2026 (Q1 FY27)

ZF Commercial Vehicle Control Systems India Limited reported revenue of ₹1,066 crore for the quarter ended June 2026 (Q1 FY27), up 9.3% from ₹976 crore in the same quarter last year, and down 7.7% sequentially over the March 2026 quarter.

Net profit fell 14.6% year-on-year to ₹104 crore, from ₹122 crore. Earnings per share (EPS) came in at ₹9.18.

Operating profit stood at ₹138 crore — an operating margin (OPM) of 12.9%, compared with 13.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, ZF Commercial Vehicle Control Systems India Limited posted revenue of ₹4,101 crore, a growth of 7.4% over FY25, with a net profit of ₹517 crore (up 12.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹4,192 crore with a net profit of ₹499 crore.

Valuation snapshot

At the current price of ₹2,157.00, ZFCVINDIA has a market capitalisation of ₹24,548 crore and a trailing P/E of about 49.2.

Within the Auto Parts industry, it is the 14th-largest of the 27 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 60.00%, foreign institutional investors (FIIs) 5.93%, domestic institutional investors (DIIs) 25.45%, public shareholders 8.62% of ZF Commercial Vehicle Control Systems India Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹24,548 Cr

Current Price ?

₹2,157.0

P/E ?

49.22above ind

Industry P/E ?

39.20

P/B ?

6.65

P/S ?

5.86

P/FCF ?

36.80

Enterprise Value ?

₹24,603 Cr

EV/EBITDA ?

37.20

PEG ?

2.59

Earnings Yield ?

2.2%

Dividend Yield ?

0.03%

Profitability & Returns

Sales (TTM) ?

₹4,192 Cr

OPM ?

15.8%

Profit after tax (TTM) ?

₹499 Cr

EPS (TTM) ?

₹43.83

ROCE ?

20.0%

ROE ?

13.5%

ROA ?

11.3%

Growth

Sales — latest qtr ?

₹1,066 Cr

PAT — latest qtr ?

₹104 Cr

YoY qtr sales growth ?

9.3%

YoY qtr profit growth ?

-14.6%

Sales growth (3y) ?

Sales growth (5y) ?

N/A

Profit growth (3y) ?

19%

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹55 Cr

Debt to Equity ?

0.01

Interest Coverage ?

94.2

Current Ratio ?

N/A

Ownership

Promoter holding ?

60.00%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-10.5%

Return 6 months ?

-10.7%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	YoY %	QoQ %
Sales	876	977	967	992	899	959	946	907	956	1,012	976	913	1,058	1,155	1,066	+9.3%	-7.7%
Operating Profit	120	144	141	145	134	146	139	139	175	175	132	134	199	190	138	+4.8%	-27.4%
Other Income	26	18	21	24	29	20	25	40	17	27	67	45	22	42	36	-46.5%	-15.2%
Interest	2	0	1	1	1	1	2	1	1	1	1	1	2	1	1	-8.4%	+20.0%
Depreciation	28	27	28	27	26	29	29	31	31	32	33	32	33	34	32	-1.3%	-5.1%
Profit Before Tax	116	135	134	141	135	136	134	147	160	169	164	146	187	197	140	-14.7%	-28.9%
Net Profit	85	101	100	106	101	100	99	109	125	127	122	108	140	146	104	-14.6%	-28.4%
EPS	45.03	53.36	52.58	55.72	53.16	52.83	52.42	57.65	65.85	66.81	64.52	57.08	73.90	77.14	9.18	-85.8%	-88.1%
OPM %	13.7%	14.7%	14.6%	14.7%	14.9%	15.2%	14.7%	15.4%	18.3%	17.3%	13.5%	14.7%	18.8%	16.5%	12.9%	-4.4%	-21.8%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹3,820 Cr	₹4,101 Cr	₹4,192 Cr	+7.4%
Operating Profit	₹629 Cr	₹655 Cr	₹661 Cr	+4.1%
OPM %	16.46%	15.97%	15.77%	-3.0%
NPM %	12.05%	12.60%	11.90%	+4.6%
Other Income	₹109 Cr	₹176 Cr	₹145 Cr	+60.7%
Depreciation	₹123 Cr	₹132 Cr	₹132 Cr	+6.9%
Interest	₹6 Cr	₹6 Cr	₹5 Cr	-2.7%
EBIT	₹505 Cr	₹523 Cr	₹530 Cr	+3.5%
PBT	₹609 Cr	₹694 Cr	₹670 Cr	+14.0%
Tax	₹149 Cr	₹79 Cr	₹73 Cr	-46.6%
Net Profit	₹460 Cr	₹517 Cr	₹499 Cr	+12.2%
EPS	₹242.73	₹272.64	₹217.30	+12.3%
Material Cost	₹2,223 Cr	₹1,076 Cr	₹1,158 Cr	-51.6%
Employee Cost	₹539 Cr	₹295 Cr	₹314 Cr	-45.4%
Extraordinary Items	—	₹-8 Cr	₹-8 Cr	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	9	9	9	9	+0.0%
Reserves	2,400	2,781	3,205	3,681	+14.9%
Borrowings	0	0	0	55	—
Other Liabilities	613	591	571	680	+19.1%
Total Liabilities	3,022	3,382	3,785	4,426	+16.9%
Fixed Assets	587	673	736	732	-0.5%
CWIP	77	84	68	61	-10.3%
Investments	100	25	30	605	+1916.7%
Other Assets	2,258	2,600	2,950	3,028	+2.6%
Total Assets	3,022	3,382	3,785	4,426	+16.9%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	298	193	286	810	+183.2%
Cash from Investing Activity	-270	-131	-227	-707	-211.5%
Cash from Financing Activity	-31	-34	-44	-52	-18.2%
Net Cash Flow	-3	28	15	51	+240.0%
Free Cash Flow	171	-5	121	667	+451.2%
CFO/OP	87%	66%	67%	145%	+116.4%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	80	90	107	83	-22.4%
Inventory Days	26	27	31	43	+38.7%
Days Payable	60	60	58	71	+22.4%
Cash Conversion Cycle	47	57	80	56	-30.0%
Working Capital Days	46	62	82	107	+30.5%
ROCE %	19%	21%	20%	20%	+0.0%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	60.00%	60.00%	60.00%	60.00%	60.00%	+0.0%
FIIs	5.73%	5.79%	5.37%	5.79%	5.93%	+2.4%
DIIs	26.36%	26.25%	26.68%	26.21%	25.45%	-2.9%
Public	7.91%	7.96%	7.94%	8.00%	8.62%	+7.7%
No. of Shareholders	33,640	32,238	32,410	31,657	41,406	+30.8%

⚖️ Peer comparison

Industry: Auto Parts · top 25 of 27 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	MOTHERSON Samvardhana Motherson	₹164.45	173,186	39.6	131,135	4,556	9.6%	3.5%	10.9%	-1.4%	16.7%	77.5%
2	BOSCHLTD Bosch	₹48,385.00	142,717	60.4	21,088	2,363	13.4%	11.2%	10.8%	37.7%	22.0%	-36.7%
3	BHARATFORG Bharat Forge	₹1,944.90	92,983	131.7	17,543	715	16.9%	4.1%	11.2%	19.2%	18.7%	-131.7%
4	UNOMINDA Uno Minda	₹1,186.00	68,488	57.1	19,657	1,284	11.5%	6.5%	17.2%	25.9%	17.8%	21.8%
5	SCHAEFFLER Schaeffler India	₹3,950.00	61,740	49.3	10,505	1,253	18.2%	11.9%	18.3%	25.1%	17.3%	13.5%
6	MRF MRF	₹128,760.00	54,609	22.6	31,889	2,415	15.1%	7.6%	10.6%	29.5%	9.6%	-1.0%
7	SONACOMS Sona BLW	₹788.00	49,181	76.4	4,450	629	24.3%	14.1%	25.5%	4.8%	45.5%	14.2%
8	BALKRISIND Balkrishna Industries	₹2,164.00	41,834	29.8	11,519	1,405	22.0%	12.2%	3.6%	-24.9%	25.2%	56.4%
9	ENDURANCE Endurance Technologies	₹2,695.00	37,909	39.1	15,592	969	13.2%	6.2%	26.3%	13.7%	30.0%	8.0%
10	EXIDEIND Exide Industries	₹412.85	35,092	37.7	18,828	937	10.4%	5.0%	4.4%	7.5%	17.7%	27.9%
11	DHOOTTRANS Dhoot Transmission	₹1,575.90	32,235	—	—	—	—	—	—	—	49.7%	38.2%
12	CRAFTSMAN Craftsman Automation	₹11,699.00	30,598	60.3	8,717	465	15.6%	5.3%	41.8%	91.0%	36.3%	116.3%
13	SUNDRMFAST Sundram Fasteners	₹1,281.00	26,917	44.1	6,601	613	15.7%	9.3%	5.6%	9.4%	20.4%	14.0%
14	ZFCVINDIA ZF Commercial	₹2,363.50	26,898	53.9	4,192	499	15.8%	11.9%	7.4%	12.2%	9.3%	-14.6%
15	TVSHLTD TVS Holdings	₹12,827.00	25,952	—	—	—	—	—	-50.4%	-51.6%	68.7%	-26.7%
16	GABRIEL Gabriel India	₹1,344.00	25,756	90.3	4,523	264	8.6%	5.8%	16.2%	14.7%	29.4%	36.5%
17	SANSERA Sansera Engineering	₹4,115.50	25,682	78.9	3,342	325	18.9%	9.7%	14.0%	44.8%	36.4%	43.6%
18	APOLLOTYRE Apollo Tyres	₹401.55	25,401	18.6	28,471	1,372	14.6%	4.8%	9.0%	22.4%	14.2%	241.8%
19	ASAHIINDIA Asahi India	₹947.40	24,152	55.2	5,174	439	20.3%	8.5%	8.6%	-6.1%	15.0%	172.1%
20	BELRISE BELRISE INDUSTRIES	₹228.60	22,109	11.7	30,975	1,703	12.4%	5.5%	—	—	12.6%	8.9%
21	SHRIPISTON SPR Auto	₹4,361.10	20,230	34.1	4,970	574	18.9%	11.6%	28.3%	9.5%	53.1%	9.5%
22	TENNIND TENNECO CLEAN	₹468.10	18,893	9.7	17,189	1,958	16.8%	11.4%	—	—	20.1%	-1.8%
23	MINDACORP Minda	₹707.00	16,640	54.1	5,617	312	11.6%	5.5%	21.8%	36.5%	1.1%	-6.4%
24	JBMA JBM Auto	₹618.00	14,615	65.2	6,277	243	11.5%	3.9%	11.2%	11.1%	15.0%	13.4%
25	CIEINDIA CIE Automotive	₹379.20	14,385	15.9	9,997	903	14.8%	9.0%	10.6%	8.4%	10.6%	15.8%

❓ Frequently asked questions

What was ZF Commercial Vehicle Control Systems India Limited's revenue in Q1 FY27?

What was ZF Commercial Vehicle Control Systems India Limited's net profit in Q1 FY27?