ZF Commercial Vehicle Contro Share Price ₹14,714

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

Financials of ZF Commercial Vehicle Control System India Ltd

Quarter-by-quarter operating performance

	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
Sales +	977	961	981	887	956	938	907	956	1,003	963	902	1,058	1,133
Expenses +	833	819	837	756	809	800	767	781	831	835	770	863	950
Operating Profit	144	141	144	131	147	138	139	175	172	128	132	195	183
OPM %	15%	15%	15%	15%	15%	15%	15%	18%	17%	13%	15%	18%	16%
Other Income +	18	21	24	30	20	26	40	17	27	67	45	24	42
Interest	0	1	1	1	1	2	1	1	1	1	1	1	1
Depreciation	27	28	27	26	29	29	31	31	32	32	32	32	33
Profit before tax	135	134	140	134	137	133	147	160	167	161	144	185	190
Tax %	25%	25%	25%	25%	26%	26%	25%	22%	25%	26%	26%	25%	26%
Net Profit +	101	100	104	100	101	99	109	125	125	120	106	139	141
EPS in Rs	53.36	52.59	55.00	52.52	53.29	52.30	57.65	65.85	66.00	63.36	56.13	73.11	74.52

Financials of ZF Commercial Vehicle Control System India Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	1,347	1,832	2,067	2,573	2,854	1,930	1,864	2,543	3,445	3,784	3,804	4,055
Expenses +	1,144	1,546	1,741	2,174	2,443	1,676	1,658	2,291	2,974	3,220	3,178	3,418
Operating Profit	203	287	326	399	411	254	206	253	470	563	626	637
OPM %	15%	16%	16%	16%	14%	13%	11%	10%	14%	15%	16%	16%
Other Income +	20	40	36	46	72	62	39	38	67	96	109	178
Interest	0	0	0	2	0	2	2	2	6	5	6	5
Depreciation	47	56	62	62	71	90	90	92	105	109	123	130
Profit before tax	177	270	300	382	411	223	152	196	427	544	607	680
Tax %	32%	25%	29%	29%	31%	29%	32%	27%	26%	26%	24%	26%
Net Profit +	121	203	213	273	282	159	104	142	318	405	459	507
EPS in Rs	63.61	107.22	112.55	143.84	148.76	83.73	54.72	74.90	167.48	213.41	241.81	267.13
Dividend Payout %	8%	6%	6%	6%	6%	12%	20%	16%	8%	8%	8%	2%

Financials of ZF Commercial Vehicle Control System India Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	9	9	9	9	9	9	9	9	9
Reserves	854	1,058	1,257	1,516	1,770	1,885	1,987	2,105	2,400	2,779	3,201	3,667
Borrowings +	0	0	0	0	0	0	0	0	0	0	0	55
Other Liabilities +	250	455	471	643	556	286	500	523	611	581	550	637
Total Liabilities	1,113	1,523	1,737	2,169	2,336	2,181	2,496	2,637	3,020	3,369	3,760	4,368
Fixed Assets +	324	335	318	359	440	471	432	536	586	669	729	720
CWIP	18	37	62	52	19	30	50	20	77	83	63	59
Investments	39	218	298	446	313	542	640	399	101	26	31	606
Other Assets +	733	932	1,059	1,312	1,563	1,137	1,374	1,682	2,256	2,592	2,937	2,983
Total Assets	1,113	1,523	1,737	2,169	2,336	2,181	2,496	2,637	3,020	3,369	3,760	4,368

Financials of ZF Commercial Vehicle Control System India Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	124	242	180	311	150	224	138	138	299	193	274	809
Cash from Investing Activity +	-45	-241	-120	-205	-429	-165	-24	-178	-270	-135	-211	-709
Cash from Financing Activity +	-11	-12	-14	-18	-18	-48	-19	-28	-31	-34	-44	-52
Net Cash Flow	68	-10	46	88	-297	11	96	-69	-2	23	18	48
Free Cash Flow	52	159	106	216	31	132	68	-38	171	12	123	669
CFO/OP	88%	112%	86%	105%	69%	115%	87%	82%	87%	66%	65%	149%

Financials of ZF Commercial Vehicle Control System India Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	81	87	91	92	81	69	115	96	80	90	107	82
Inventory Days	54	58	43	30	30	36	37	32	26	26	31	41
Days Payable	82	115	96	121	83	50	110	77	60	59	55	66
Cash Conversion Cycle	53	30	38	1	29	55	41	51	46	58	82	58
Working Capital Days	73	50	51	37	49	56	61	56	46	63	83	109
ROCE %	21%	27%	24%	26%	23%	11%	7%	9%	19%	21%	20%	20%