MarketFriction

Z F Steering Gear (India) Ltd

NSE ZFSTEERING · BSE 505163 · Auto Components & Equipments
₹708.40 -0.85%
NSE close2026-10-01
52 week range620.65 - 894.98
Market cap₹651 Cr.
P/E32.3
Price band 20% Delivery 77.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales119114124128111118137133121143174143
Expenses106103114112100107122115108120153130
Operating Profit131011161111151812242113
OPM %11%9%9%13%10%9%11%14%10%16%12%9%
Other Income61398516512115
Interest001112222222
Depreciation88991011131111121310
Profit before tax111410146-1611011716
Tax %-15%19%16%28%71%33%57%34%1,600%35%113%27%
Net Profit13118102-227-27-111
EPS in Rs13.8012.409.0811.231.90-0.954.278.78-0.438.64-0.0313.63
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales351423399436439313450478494571581
Expenses304359317351384272394425441496511
Operating Profit4664828456415752537570
OPM %13%15%21%19%13%13%13%11%11%13%12%
Other Income106-710921133421919
Interest12232011788
Depreciation2731283331313234434747
Profit before tax2838455831303652242934
Tax %26%33%30%25%-39%39%32%16%49%58%
Net Profit2125314344182544131216
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%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%%8%17%
Compounded Profit Growth-4%%-14%59%
Stock Price CAGR-7%10%-2%-31%
Return on Equity%5%5%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital9999999999
Reserves203215255291326386410449457472
Borrowings2335626446344377100106
Other Liabilities83796468734350597085
Total Liabilities317337391432454472512594636673
Fixed Assets125131121106111159158205245230
CWIP47012627301568
Investments5059115153119119147134156135
Other Assets138140154173198192199226220239
Total Assets317337391432454472512594636673
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity48516368721549354098
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/OP125%103%96%99%152%49%98%85%89%145%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.18%67.18%67.17%67.17%67.17%67.01%67.00%66.93%66.93%62.79%62.75%62.75%
DIIs0.01%0.02%0.02%0.01%0.03%0.04%0.03%0.01%0.01%0.01%0.01%0.01%
Public32.82%32.80%32.83%32.82%32.80%32.96%32.98%33.06%33.04%37.20%37.22%37.23%
No. of Shareholders9,5549,5119,8169,7669,9219,8609,8119,6679,6299,6549,6639,819

Fundamentals

Market Cap₹ 651 Cr.
Current Price₹ 711
Stock P/E32.3
Book Value₹ 530
ROCE6.48 %
ROE3.29 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)59%
Consolidated figures.
Valuation
Market capRs 643 Cr
Enterprise valueRs 744 Cr
P/E (TTM)32.48x
Price to book1.34x
Price to sales1.11x
EV / EBITDA8.39x
EV / EBIT17.84x
EV / sales1.28x
Price to cash flow6.55x
Earnings yield3.08%
P/E, 3-year average37.07x
P/B, 3-year average1.55x
P/E, 5-year average31.74x
P/B, 5-year average1.39x
Profitability
Operating margin (excl. other income)13.12%
Operating margin (incl. other income)14.73%
EBITDA margin15.26%
Pre-tax margin5.79%
Net profit margin3.41%
Net margin, latest quarter8.65%
ROE3.25%
ROCE6.38%
ROA2.35%
ROE, 3-year average5.48%
ROCE, 3-year average7.54%
ROA, 3-year average4.23%
ROE, 5-year average5.50%
ROCE, 5-year average7.68%
ROA, 5-year average4.32%
ROIC (approx.)3.00%
Tax rate58.12%
Other income / net worth1.91%
Growth
Sales growth (latest year)15.63%
Profit growth (latest year)3.15%
Sales CAGR, 3 years8.23%
Sales CAGR, 5 years5.38%
Profit CAGR, 3 years-14.40%
Profit CAGR, 5 years-18.90%
Sales growth QoQ-17.94%
Sales growth YoY (latest quarter)7.62%
Profit growth YoY (latest quarter)55.21%
Per share
EPS (TTM)Rs 21.81
EPS (latest year)Rs 16.96
EPS (latest quarter)Rs 13.63
EPS, 3-year averageRs 27.19
EPS, 5-year averageRs 27.15
Book value per shareRs 530.50
Sales per shareRs 640.55
Cash flow per shareRs 108.17
Free cash flow per shareRs -12.12
Dividend per share, 3-year averageRs 8.00
Dividend per share, 5-year averageRs 6.50
Dividends
Dividend payout, 3-year average16.62%
Dividend payout, 5-year average17.56%
Efficiency
Asset turnover0.85x
Fixed asset turnover2.49x
Inventory turnover5.71x
Inventory days64 days
Debtor days64 days
Debtors turnover5.67x
Creditor days61 days
Cash conversion cycle77 days
Working capital days21 days
Leverage
Total debtRs 106 Cr
Cash and bankRs 5 Cr
Net debtRs 101 Cr
Debt to equity0.22x
Net debt / EBITDA1.14x
Interest coverage5.19x
Owners' fund to total sources71.57%
Debt to assets15.82%
Cash flow
Cash from Operating Activity (latest year)Rs 98 Cr
Cash from Investing Activity (latest year)Rs -89 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs -11 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years2.12x
Sales to cash flow5.82x
Statement figures
Net sales (TTM)Rs 581 Cr
Net sales (latest year)Rs 571 Cr
Sales (latest quarter)Rs 143 Cr
Operating profit excl. other income (latest year)Rs 75 Cr
Operating profit (latest quarter)Rs 13 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 89 Cr
PBDT (TTM)Rs 81 Cr
Profit before tax (TTM)Rs 34 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 15 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 47 Cr
Depreciation (latest quarter)Rs 10 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 384 Cr
Total expenditure (latest year)Rs 496 Cr
Total income (latest year)Rs 580 Cr
Share capitalRs 9 Cr
ReservesRs 472 Cr
Shareholders' fundsRs 481 Cr
Total assetsRs 673 Cr
Net blockRs 230 Cr
Capital work in progressRs 68 Cr
InvestmentsRs 135 Cr
ReceivablesRs 101 Cr
InventoryRs 67 Cr
Other liabilitiesRs 85 Cr
Shares outstanding (crore)0.91
Ownership
Promoter holding62.75% (-4.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.5 is at the 65th percentile of its own 10.1-year range (median 27.1, low 4.7, high 77.3).
P/B 1.34 is at the 41th percentile (median 1.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodZFSTEERINGNifty 50Difference
1 week-5.1%-2.8% -2.3 pts
1 month+6.4%-6.8% +13.2 pts
3 months+1.8%-7.6% +9.4 pts
3 years-7.2%+14.2% -21.4 pts
5 years+62.5%+27.9% +34.6 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹143 Cr +7.5% vs Jun 2025. Net profit ₹11 Cr +57.1%.
Against our estimate for Jun 2026: sales -13.4%, profit +208.5% beat. Our estimate for Sep 2026: sales Rs 142 Cr, profit Rs 3 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Z F Steering Gear (India) Ltd?

Z F Steering Gear (India) Ltd (ZFSTEERING) has a market capitalisation of Rs 651 Cr. at the 2026-10-01 close.

What is the P/E ratio of Z F Steering Gear (India) Ltd?

Z F Steering Gear (India) Ltd trades at a P/E of 32.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Z F Steering Gear (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Z F Steering Gear (India) Ltd sales was Rs 143 Cr (+7.5% vs Jun 2025) and net profit was Rs 11 Cr.

What is the 52-week high and low of Z F Steering Gear (India) Ltd?

The 52-week high is Rs 894.98 and the 52-week low is Rs 620.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03