5
Z F Steering Gear (India) Ltd
ZFSTEERING NSE
Z F Steering Gear (India) Ltd
AutomobilesNSE: ZFSTEERING BSE: 505163 Auto Components
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹633 Cr
Volatility
Moderate
P/E Ratio
15.94
EBITDA
₹84.80 Cr
Return on Equity
2.51%
Debt to Equity
0.09
Book Value
₹530.69
52W High
₹894.98
52W Low
₹620.65
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Z F Steering Gear (India) Ltd insights
33 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 1.19 times its book value
- Company's working capital requirements have reduced from 57.6 days to 38.6 days
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.80% over last 3 years.
- Earnings include an other income of Rs.31.8 Cr.
- Dividend payout has been low at 5.07% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.43%
Growth Rate
Revenue Growth
12.88% ↗
Net Income Growth
-4.76% ↘
Cash Flow Change
147.67% ↗
ROE
-6.69% ↗
ROCE
16.53% ↘
EBITDA Margin (Avg.)
1.67% ↘
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 121 | 119 | 114 | 124 | 128 | 111 | 117 | 137 | 131 | 116 | 140 | 169 | 138 |
| Expenses | 102 | 106 | 103 | 113 | 110 | 99 | 106 | 121 | 114 | 103 | 123 | 152 | 126 |
| Operating Profit | 18 | 13 | 10 | 11 | 18 | 12 | 11 | 15 | 17 | 14 | 18 | 17 | 12 |
| OPM % | 15% | 11% | 9% | 9% | 14% | 11% | 10% | 11% | 13% | 12% | 13% | 10% | 9% |
| Other Income | 7 | 6 | 13 | 11 | 9 | 7 | 3 | 9 | 8 | 1 | 7 | 5 | 19 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 8 | 8 | 8 | 9 | 7 | 8 | 8 | 8 | 7 | 7 | 7 | 8 | 6 |
| PBT | 18 | 11 | 15 | 12 | 19 | 11 | 5 | 15 | 17 | 7 | 16 | 13 | 24 |
| Tax % | 32% | -14% | 18% | 14% | 25% | 46% | 31% | 34% | 28% | 41% | 29% | 67% | 23% |
| Net Profit | 12 | 13 | 12 | 11 | 15 | 6 | 4 | 10 | 12 | 4 | 12 | 4 | 19 |
| EPS in Rs | 13.19 | 14.35 | 13.26 | 11.79 | 16 | 6.5 | 4.01 | 10.82 | 13.17 | 4.56 | 12.67 | 4.62 | 20.41 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 330 | 381 | 399 | 436 | 439 | 287 | 201 | 313 | 450 | 478 | 493 | 557 | 564 |
| Expenses | 272 | 302 | 317 | 347 | 364 | 254 | 183 | 272 | 394 | 425 | 436 | 492 | 503 |
| Operating Profit | 58 | 79 | 82 | 88 | 76 | 33 | 18 | 41 | 57 | 53 | 57 | 65 | 60 |
| OPM % | 18% | 21% | 21% | 20% | 17% | 12% | 9% | 13% | 13% | 11% | 11% | 12% | 11% |
| Other Income | 9 | 6 | 12 | 10 | -56 | 4 | 26 | 21 | 13 | 38 | 28 | 20 | 32 |
| Interest | 1 | 2 | 2 | 3 | 2 | 1 | 0 | 0 | 1 | 1 | 3 | 3 | 3 |
| Depreciation | 23 | 25 | 28 | 33 | 31 | 32 | 38 | 31 | 32 | 33 | 31 | 29 | 29 |
| PBT | 43 | 58 | 63 | 61 | -14 | 3 | 7 | 30 | 37 | 56 | 50 | 53 | 60 |
| Tax % | 17% | 23% | 21% | 23% | -90% | 109% | -31% | 39% | 32% | 15% | 33% | 40% | — |
| Net Profit | 36 | 45 | 50 | 47 | -1 | 0 | 9 | 18 | 25 | 48 | 34 | 32 | 38 |
| EPS in Rs | 39.19 | 49.66 | 54.8 | 51.88 | -1.44 | -0.31 | 9.75 | 20.14 | 28.04 | 52.59 | 37.35 | 35.03 | 42.26 |
| Div. Payout % | 26% | 25% | 15% | 15% | 0% | 0% | 0% | 0% | 18% | 15% | 0% | 0% | — |
Balance Sheet
| 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 | 239 | 270 | 329 | 370 | 359 | 358 | 368 | 386 | 411 | 454 | 481 | 513 |
| Borrowings | 23 | 35 | 62 | 64 | 46 | 3 | 32 | 34 | 41 | 33 | 41 | 45 |
| Other Liabilities | 65 | 61 | 61 | 68 | 73 | 66 | 57 | 44 | 50 | 49 | 64 | 65 |
| Total Liabilities | 336 | 375 | 462 | 510 | 487 | 436 | 466 | 473 | 510 | 545 | 594 | 631 |
| Fixed Assets | 101 | 106 | 121 | 106 | 111 | 199 | 175 | 159 | 145 | 136 | 132 | 119 |
| CWIP | 1 | 1 | 0 | 1 | 26 | 7 | 2 | 2 | 2 | 4 | 2 | 2 |
| Investments | 137 | 165 | 190 | 231 | 152 | 107 | 120 | 119 | 155 | 142 | 169 | 148 |
| Other Assets | 98 | 104 | 151 | 173 | 198 | 124 | 168 | 192 | 208 | 263 | 291 | 363 |
| Total Assets | 336 | 375 | 462 | 510 | 487 | 436 | 466 | 473 | 510 | 545 | 594 | 631 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 48 | 67 | 63 | 68 | 73 | 75 | -26 | 15 | 51 | 43 | 59 | 83 |
| Investing | -57 | -54 | -47 | -55 | -43 | -29 | 1 | -16 | -62 | -17 | -68 | -80 |
| Financing | -2 | -14 | -16 | -10 | -28 | -44 | 26 | -3 | 10 | -13 | -3 | 1 |
| Net Cash Flow | -11 | -1 | 0 | 2 | 2 | 2 | 1 | -4 | -2 | 13 | -12 | 3 |
| Free Cash Flow | 23 | 37 | 20 | 46 | 11 | 5 | -36 | -18 | 32 | 21 | 37 | 67 |
| CFO/OP | 99 | 104 | 96 | 94 | 113 | 238 | -142 | 49 | 101 | 100 | 117 | 143 |
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 | 58 | 53 | 70 | 77 | 64 | 62 | 142 | 105 | 87 | 75 | 83 | 63 |
| Inventory Days | 44 | 37 | 60 | 58 | 54 | 49 | 116 | 111 | 73 | 78 | 72 | 59 |
| Days Payable | 70 | 64 | 69 | 74 | 51 | 71 | 94 | 53 | 44 | 37 | 50 | 46 |
| Cash Conversion Cycle | 32 | 26 | 61 | 61 | 67 | 41 | 164 | 163 | 115 | 115 | 105 | 76 |
| Working Capital Days | 16 | 6 | 25 | 28 | 29 | 31 | 77 | 104 | 70 | 74 | 60 | 39 |
| ROCE % | 15% | 20% | 18% | 15% | 13% | 1% | 2% | 7% | 9% | 11% | 10% | 10% |
Documents
1
Board Meeting Intimation for Compliance Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 (The Listing Regulations).
6 May - Board meeting on May 12, 2026 to approve FY26 audited standalone and consolidated results. 6 May - Board meeting on May 12, 2026 to approve FY26 audited standalone and consolidated results.
2
Second 100 Days Campaign - "Saksham Niveshak"
24 Apr - Company launched Saksham Niveshak campaign, urging shareholders to update KYC and claim unpaid dividends. 24 Apr - Company launched Saksham Niveshak campaign, urging shareholders to update KYC and claim unpaid dividends.
3
Second 100 Days Campaign - "Saksham Niveshak"
13h - Company launched Saksham Niveshak campaign, urging shareholders to update KYC and claim unpaid dividends. 13h - Company launched Saksham Niveshak campaign, urging shareholders to update KYC and claim unpaid dividends.
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Apr - Disclosure of Newspaper Advertisements for intimating re-opening of Special Window for lodgement/ re-lodgement of transfer of shares in physical form. 13 Apr - Disclosure of Newspaper Advertisements for intimating re-opening of Special Window for lodgement/ re-lodgement of transfer of shares in physical form.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
13 Apr - ZF Steering Gear confirms nil long-term borrowings and non-applicability of Large Corporate norms as of March 31, 2026. 13 Apr - ZF Steering Gear confirms nil long-term borrowings and non-applicability of Large Corporate norms as of March 31, 2026.
Frequently Asked Questions about Z F Steering Gear (India) Ltd
What does Z F Steering Gear (India) Ltd do?
Incorporated in 1981, ZF Steering Gear (India) Ltd is in the business of production & assembling of steering systems for vehicles, buses, and tractors[1]
Where is Z F Steering Gear (India) Ltd (505163) listed?
Z F Steering Gear (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: ZFSTEERING and BSE: 505163. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Z F Steering Gear (India) Ltd belong to?
Z F Steering Gear (India) Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Z F Steering Gear (India) Ltd?
Z F Steering Gear (India) Ltd has a market capitalisation of approximately ₹633.04 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Z F Steering Gear (India) Ltd?
The Price-to-Earnings (PE) ratio of Z F Steering Gear (India) Ltd is 15.94. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Z F Steering Gear (India) Ltd?
Over the past 52 weeks, Z F Steering Gear (India) Ltd has traded between a low of ₹620.65 and a high of ₹894.98. This range helps investors understand the stock's price volatility and recent trading levels.
Does Z F Steering Gear (India) Ltd pay dividends?
Yes, Z F Steering Gear (India) Ltd has a dividend yield of 1.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Z F Steering Gear (India) Ltd?
Z F Steering Gear (India) Ltd has a Return on Equity (ROE) of 2.51%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Z F Steering Gear (India) Ltd on Tapetide?
On Tapetide, you can view Z F Steering Gear (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1981, ZF Steering Gear (India) Ltd is in the business of production & assembling of steering systems for vehicles, buses, and tractors[1]