ZF Commercial Vehicle Control Systems India share price
NSE: ZFCVINDIABSE: 533023Auto ComponentsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,144.00.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹24,271 Cr283rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 24 Jul 2026
- 48.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 May 2026
- 6.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.19%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 24 Jul 2026
- 14.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 24 Jul 2026
- 14.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,02,81468.2% delivered
Results
Standalone, as consolidated accounts are on record for only 5 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 24 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,042 Crdown 8.04%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹99 Crdown 29.89%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 9.5%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Sep 2024Filed 8 Nov | Dec 2024Filed 6 Feb | Mar 2025Filed 10 Jun | Jun 2025Filed 12 Aug | Sep 2025Filed 4 Nov | Dec 2025Filed 10 Feb | Mar 2026Filed 13 May | Jun 2026Filed 24 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 907 | 956 | 1,003 | 963 | 902 | 1,058 | 1,133 | 1,042 |
| Net profit | 109 | 125 | 125 | 120 | 106 | 139 | 141 | 99 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 12.1% | 13.1% | 12.5% | 12.5% | 11.8% | 13.1% | 12.5% | 9.5% |
Business segments
In the year to Mar 2026 the company reports one business segment, Automotive Components and allied services, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 18% of 2,480 trading days over the last 10 years.
At or below today's level on 19% of 1,839 trading days since May 2019.
At or below today's level on 2% of 1,730 trading days since Nov 2019.
At or below today's level on 93% of 2,410 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +6.1% | +10.5% | −4.1% | 0.2% |
| 3 years | +9.9% | +16.8% | −6.0% | 0.1% |
| 5 years | +16.0% | +37.3% | −15.6% | 0.1% |
Mutual funds holding it
143 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 54 of the 73 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 27
- CutCut. Funds that held fewer shares than at the end of the month before.
- 46
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 69
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 SBI Small Cap FundSBI Mutual Fund | 42,00,000 | 2.39% | ₹983.2 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 28,08,191 | 0.99% | ₹657.4 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 20,40,000 | 0.95% | ₹477.6 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 17,34,360 | 1.00% | ₹406.0 Cr |
| Nippon India Multi Cap FundNippon India Mutual Fund | 12,98,826 | 0.57% | ₹304.1 Cr |
 Abakkus Flexi Cap FundAbakkus Mutual Fund | 9,12,517 | 2.72% | ₹213.6 Cr |
 ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | 6,80,314 | 1.63% | ₹159.3 Cr |
 Invesco India Small Cap FundInvesco Mutual Fund | 6,76,158 | 0.98% | ₹158.3 Cr |
| Nippon India Small Cap FundNippon India Mutual Fund | 6,69,600 | 0.19% | ₹156.8 Cr |
 Sundaram Mid Cap FundSundaram Mutual Fund | 5,50,000 | 0.93% | ₹128.8 Cr |
Peers and competitors
Auto Components & Equipments, 155 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to ZF Commercial Vehicle Control Systems India in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Dhoot TransmissionDHOOTTRANS | 27,659 | – | – | – | – | – | – | – | 0.00% |
 Craftsman AutomationCRAFTSMAN | 27,431 | 59.0 | – | – | +37.9% | +117.0% | 15.2% | 13.5% | 0.11% |
 Gabriel IndiaGABRIEL | 26,267 | 88.2 | – | – | +18.5% | +19.4% | 23.3% | 22.7% | 0.36% |
 Sansera EngineeringSANSERA | 24,830 | 71.3 | 8.0 | 35.8 | +23.5% | +52.8% | 11.9% | 13.3% | 0.10% |
 Motherson Sumi Wiring IndiaMSUMI | 22,946 | 36.6 | 10.6 | 21.5 | +28.7% | +4.6% | 32.5% | 35.4% | 1.68% |
 Asahi India GlassASAHIINDIA | 22,798 | 52.1 | 5.8 | 23.4 | +10.3% | +25.2% | 13.3% | 12.6% | 0.22% |
 Sundram FastenersSUNDRMFAST | 21,872 | 35.8 | 5.1 | 21.6 | +10.2% | +12.0% | 15.1% | 16.2% | 0.77% |
 SPR Auto TechnologiesSHRIPISTON | 20,107 | 35.7 | – | – | +35.2% | +7.4% | 21.3% | 15.7% | 0.23% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 10 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹4.00 |
| 8 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹19.00 |
| 15 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹17.00 |
| 7 Jul 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹13.00 |
| 7 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹12.00 |
| 16 Sep 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹11.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
18 Sep · Legal
15 Sep · Analysts
ZF Commercial Vehicle Control Systems India share price by year
Each calendar year to 2025.ZF Commercial Vehicle Control Systems India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,479.67 | +23.5% | 2,594.50 | 1,643.98 |
| 2024 | 2,007.33 | −24.8% | 2,950.65 | 1,914.28 |
| 2023 | 2,667.82 | +78.6% | 2,806.63 | 1,483.58 |
| 2022 | 1,493.44 | +5.5% | 1,792.76 | 1,156.22 |
| 2021 | 1,415.95 | +53.4% | 1,415.95 | 891.67 |
| 2020 | 922.82 | −14.6% | 1,211.38 | 798.53 |
| 2019 | 1,080.19 | −7.0% | 1,145.80 | 978.68 |
| 2018 | 1,160.97 | −5.1% | 1,380.76 | 1,010.88 |
| 2017 | 1,222.89 | +40.9% | 1,225.07 | 853.98 |
| 2016 | 867.93 | −14.5% | 1,068.44 | 798.93 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 2,144.00 | 2,172.70 | 2,101.00 | 2,132.70 | 2,136.36 | 2,02,814 | 68.2% |
| 22 Oct 2026 | 2,085.00 | 2,149.80 | 2,064.90 | 2,144.00 | 2,130.83 | 52,578 | 48.5% |
| 21 Oct 2026 | 2,139.90 | 2,142.00 | 2,073.40 | 2,096.30 | 2,099.49 | 78,148 | 76.0% |
| 19 Oct 2026 | 2,141.10 | 2,159.10 | 2,112.00 | 2,140.80 | 2,138.83 | 1,03,856 | 56.4% |
| 16 Oct 2026 | 2,169.70 | 2,169.80 | 2,132.50 | 2,157.00 | 2,153.24 | 34,467 | 53.1% |
| 15 Oct 2026 | 2,173.00 | 2,175.00 | 2,121.20 | 2,158.90 | 2,143.98 | 98,525 | 65.0% |
| 14 Oct 2026 | 2,149.00 | 2,185.00 | 2,130.90 | 2,173.00 | 2,171.04 | 1,01,721 | 69.0% |
| 13 Oct 2026 | 2,113.00 | 2,155.00 | 2,092.00 | 2,149.30 | 2,126.94 | 1,42,417 | 70.0% |
| 12 Oct 2026 | 2,084.80 | 2,138.60 | 2,082.20 | 2,113.80 | 2,106.44 | 63,151 | 66.7% |
| 9 Oct 2026 | 2,105.90 | 2,120.80 | 2,075.00 | 2,082.20 | 2,091.74 | 28,388 | 45.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 24 Jun 2026 | Bonus | 0.1667 | Holders received 5 bonus shares for every 1 held. |
About ZF Commercial Vehicle Control Systems India
ZF Commercial Vehicle Control Systems India Limited designs and manufactures advanced braking systems and air-assisted technologies for the commercial vehicle industry. Its customers are vehicle makers, known as original equipment manufacturers (OEMs), and fleet operators. It also serves the aftermarket, the market for replacement parts, through a nationwide distribution and service network. The company is headquartered in Chennai, Tamil Nadu. It was incorporated in 2004.
Its core offerings are grouped as Truck and Bus Solutions, Digital Services and Trailer Technologies. Products include anti-lock braking systems (ABS), electronic stability control (ESC) and electronic braking systems. In air management it makes compressors, including e-compressors for electric buses and trucks, and electronically controlled air processing units. It also supplies clutch actuation systems, automated manual transmission systems, trailer ABS and EBS systems and tyre pressure monitoring systems.
The company operates six manufacturing facilities, at Ambattur, Mahindra World City and Oragadam in the Chennai area, and at Jamshedpur, Lucknow and Pantnagar. It also has a technology development centre and a vehicle testing facility, including a dedicated ESC test track in Chennai.
The company belongs to the ZF Group, which offers products and services for passenger cars, commercial vehicles and industrial technologies. The Group has 162 production locations in 29 countries and 20 main development locations in 9 countries. The business came under ZF in 2020 and took its present name in 2022.
- Legal name
- ZF Commercial Vehicle Control Systems India Limited
- NSE symbol
- ZFCVINDIA
- BSE code
- 533023
- ISIN
- INE342J01019
- Industry
- Auto Components
- Listed
- Oct 2008
- Face value
- ₹5
- Former symbols
- WABCOINDIA, WABCO-TVS
- CIN
- L34103TN2004PLC054667
- Corporate identity number, the registrar of companies' code for it