Arthneeti

Z F Steering Gear (India) Share Price & Earnings Call Analysis

₹755.90+4.73% today
Market cap
₹686 Cr
P/E
34.00
ROE
3.29%
PEG
-2.36
Price to sales
1.18
Debt to equity
0.22
52W high / low
₹855 / ₹27.9
EBITDA margin
12.06%
Net profit margin
2.14%
Promoter holding
62.82%
Sales (last year)
₹581 Cr

Incorporated in 1981, ZF Steering Gear (India) Ltd is in the business of production & assembling of steering systems for vehicles, buses, and tractors[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Z F Steering rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 2%+₹13,790 Cr41.6
620–40%Up 0–2%₹21,742 Cr33.9

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Z F Steering announcements

All announcements →

Financials of Z F Steering

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Z F Steering

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +67.18%67.17%67.17%67.17%67.01%67.00%66.93%66.93%62.79%62.75%62.75%62.82%
DIIs +0.02%0.02%0.01%0.03%0.04%0.03%0.01%0.01%0.01%0.01%0.01%0.01%
Public +32.80%32.83%32.82%32.80%32.96%32.98%33.06%33.04%37.20%37.22%37.23%37.17%
No. of Shareholders9,5119,8169,7669,9219,8609,8119,6679,6299,6549,6639,8199,985

Financials of Z F Steering

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +121119114124128111118137133121143174143
Expenses +102106103114112100107122115108120153130
Operating Profit18131011161111151812242113
OPM %15%11%9%9%13%10%9%11%14%10%16%12%9%
Other Income +761398516512115
Interest0001112222222
Depreciation888991011131111121310
Profit before tax17111410146-1611011716
Tax %32%-15%19%16%28%71%33%57%34%1,600%35%113%27%
Net Profit +1213118102-227-27-111
EPS in Rs12.8713.8012.409.0811.231.90-0.954.278.78-0.438.64-0.0313.63

Financials of Z F Steering

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +351423399436439313450478494571581
Expenses +304359317351384272394425441496511
Operating Profit4664828456415752537570
OPM %13%15%21%19%13%13%13%11%11%13%12%
Other Income +106-710921133421919
Interest12232011788
Depreciation2731283331313234434747
Profit before tax2838455831303652242934
Tax %26%33%30%25%-39%39%32%16%49%58%
Net Profit +2125314344182544131216
EPS in Rs22.7827.9634.5247.6548.3520.1427.0548.1516.4416.9621.81
Dividend Payout %44%45%23%17%0%0%18%17%0%0%

Financials of Z F Steering

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital9999999999
Reserves203215255291326386410449457472
Borrowings +2335626446344377100106
Other Liabilities +83796468734350597085
Total Liabilities317337391432454472512594636673
Fixed Assets +125131121106111159158205245230
CWIP47012627301568
Investments5059115153119119147134156135
Other Assets +138140154173198192199226220239
Total Assets317337391432454472512594636673

Financials of Z F Steering

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +48516368721549354098
Cash from Investing Activity +-37-43-47-55-42-16-63-52-64-89
Cash from Financing Activity +-2-14-16-10-29-3122914-5
Net Cash Flow9-6-021-4-211-104
Free Cash Flow1113204611-189-55-19-11
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit125%103%96%99%152%49%98%85%89%145%

Financials of Z F Steering

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days625670776410587758264
Inventory Days533960585411073798073
Days Payable75716974545344404861
Cash Conversion Cycle402561616416211511411477
Working Capital Days231025282910371665121
ROCE %15%16%18%9%8%10%6%6%
24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−23.8%30%
Last 6 months−3.4%49%
Last 3 months+11.3%83%

The price is 58.2% below its all-time high of ₹1,806.4 (1 Nov 2024). Stocks more than 20% below their peak have their score halved, so 48 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Z F Steering: 0.4 × 30 + 0.4 × 49 + 0.2 × 83 = 48, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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