| Margins | Efficiency focus via OPR Comp, ECAPU, and Optidrive. |
|---|---|
| Order book | Strong pipeline for tactical vehicles and defense association. |
| Demand visibility | Driven by GDP growth, infra development, and scrappage policy. |
| Management confidence | High regarding market leadership and technology transition. |
Growth
Company reported record financial performance for FY25-26; specific Q1 FY27 figures were not disclosed in the slides.
Outlook
Targeting 140 GW wind power by 2030; ongoing expansion in railway, agri, and defense segments.
Risks
Transition to organized markets, evolving regulations (ADAS, ESC), and infrastructure dependency for growth levers.
Last quarter's promises, checked
Delivered
- Targeted CV >6T growth 8.4% → delivered 8.6% (= BEAT)
- Achieve aftermarket growth → delivered 15.6% YoY (= BEAT)
- Launch new assembly lines → productionized ASP cartridges and vacuum pumps (= BEAT)
Partly delivered
- Commodity/Forex cost recovery → portion realized, balance under discussion (= PARTIAL)
Missed
- Profit After Tax (PAT) growth → delivered -14.7% de-growth (= MISS)
Investor Presentation filed with NSE, NSE: ZFCVINDIA. Summary written with AI assistance from the document.
ZF Commercial Vehicle Control Systems India Ltd: key numbers
- Share price
- ₹2,175.00
- Market cap
- ₹24,753 Cr
- Revenue (annual)
- ₹4,119 Cr
- Net profit (annual)
- ₹517.1 Cr
- P/E (TTM)
- 49.6×Sector 32.1×
- Promoter holding
- 60.00%+0.00% QoQ
- FII holding
- 5.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ZF Commercial Vehicle Control Systems India Ltd
All →ZF Commercial Vehicle Control Systems India Legal & Regulatory
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ZF Commercial Vehicle Control Systems India Management Change
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ZF Commercial Vehicle Control Systems India Earnings Call Transcript: Key Takeaways
ZF CV India delivered 9.3% revenue growth, slightly outpacing a resilient CV market despite manpower shortages and aluminum cost spikes. Profitability was significantly hampered by the absence of a large one-time forex gain seen last year.
ZF Commercial Vehicle Control Systems India Announces New Order Win
ZF CVCS India secured multi-year business nominations from three major Indian commercial vehicle OEMs. The company will supply its ESCsmart Electronic Stability Control solution starting Q3 2027.
- Execution
- Multi-year domestic programs starting Q3 2027