ZF Steering Gear

Automobiles

Z F Steering Gear (India) Ltd

ZFSTEERING NSE

NSE: ZFSTEERING BSE: 505163 Auto Components

₹772.50 −16.25 (−2.06%)

P/E: 18.28

View as Markdown

MCP

Close 4 Nov 2026 ₹772.50 −150.90 −16.3% 1Y

Start ₹923.40

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

Price-based figures as of 04 Nov 2026, 15:29 IST · EPS basis: Consolidated · TTM

ROCE: 10.30%
Debt to Equity: 0.09
EPS (TTM): ₹42.26
Book Value: ₹557.25

Market Cap: —
P/E (TTM): 18.28
P/B: 1.39
ROE: 6.35%
Dividend Yield: 1.01%
EBITDA: ₹84.80 Cr
52W High: ₹1,021.00
52W Low: ₹570.10
Day Range: ₹768.50 – ₹799.95
Volume: 9,284

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

ZF Steering Gear peer comparison

Samvardhana Motherson International	₹159.49	38.43	₹1,68,660 Cr	3.98	0.37%	11.20%	13.40%	₹1,31,135 Cr	₹4,556 Cr
Bosch	₹50,925.00	63.56	₹1,48,351 Cr	10.11	0.54%	14.60%	21.50%	₹21,088 Cr	₹2,363 Cr
Bharat Forge	₹1,812.80	122.74	₹86,739 Cr	7.65	0.48%	12.00%	12.60%	₹17,543 Cr	₹715 Cr
UNO Minda	₹1,196.90	57.49	₹67,494 Cr	10.13	0.24%	19.30%	19.60%	₹20,725 Cr	₹1,291 Cr
Sona BLW Precision Forgings	₹893.70	74.48	₹56,293 Cr	8.70	0.38%	11.70%	15.10%	₹4,514 Cr	₹746 Cr
Schaeffler India	₹3,507.20	42.47	₹55,555 Cr	8.92	0.99%	20.80%	27.90%	₹10,192 Cr	₹1,292 Cr
Tube Investment	₹2,250.50	71.81	₹42,644 Cr	5.62	0.16%	9.95%	17.10%	₹23,754 Cr	₹1,109 Cr
ZF Steering Gear (this company)	₹772.50	18.28	₹725 Cr	1.39	1.01%	6.35%	10.30%	₹564 Cr	₹39 Cr
Median 8 companies	₹1,504.85	60.53	₹61,893 Cr	8.18	0.43%	11.85%	16.10%	₹19,134 Cr	₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of 4 Nov 2026. How it works →

Overall score

61 Good

Data confidence 100/100

Category scores

Quality: 63; Good; Returns, margins, earnings quality 22% weight
Valuation: 77; Strong; Cheap vs sector & own history 24% weight
Growth: 52; Average; Sales & profit trajectory 9% weight
Financial Health: 75; Strong; Solvency, leverage, coverage 9% weight
Momentum: 51; Average; Trend strength, vol-adjusted 12% weight
Ownership: 50; Average; FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

Company is almost debt free.
Stock is trading at 1.08 times its book value
Company's working capital requirements have reduced from 57.6 days to 38.6 days

Weaknesses

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: -4.36%

Technical Indicators

Technical signals: verdict and indicator counts
Group	Signal	Bearish	Neutral	Bullish
Overall	Strong Bullish	2	4	13
Oscillators	Bullish	2	4	3
Moving Averages	Strong Bullish	0	0	10

Oscillators

Bullish

Bearish

Neutral

Bullish

Overall

Strong Bullish

Bearish

Neutral

Bullish

Moving Averages

Strong Bullish

Bearish

Neutral

Bullish

Key readings

RSI (14): 66.98; Neutral
MACD (12,26,9): 13.17; Bullish
SMA (50): 692.89; Bullish
SMA (200): 714.40; Bullish

As of 4 Nov 2026

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y	+3.87%
5Y	+22.61%
3Y	+7.37%
1Y	+12.98%
TTM	+13.51%

Net profit

Net profit growth by window
10Y	−3.35%
5Y	+28.88%
3Y	+8.58%
1Y	−5.88%
TTM	+21.88%

Operating cash flow

Operating cash flow growth by window
10Y	+2.16%
5Y	Turned positive
3Y	+17.63%
1Y	+40.68%
TTM	—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y	−9.06 pp
5Y	+2.71 pp
3Y	−1.00 pp
1Y	+0.11 pp
TTM	−0.26 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017	₹399 Cr
Mar 2018	₹436 Cr
Mar 2019	₹439 Cr
Mar 2020	₹287 Cr
Mar 2021	₹201 Cr
Mar 2022	₹313 Cr
Mar 2023	₹450 Cr
Mar 2024	₹478 Cr
Mar 2025	₹493 Cr
Mar 2026	₹557 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017	₹50.00 Cr
Mar 2018	₹47.00 Cr
Mar 2019	−₹1.00 Cr
Mar 2020	₹0.00 Cr
Mar 2021	₹9.00 Cr
Mar 2022	₹18.00 Cr
Mar 2023	₹25.00 Cr
Mar 2024	₹48.00 Cr
Mar 2025	₹34.00 Cr
Mar 2026	₹32.00 Cr

Quarterly Results

₹ Cr

505163 quarterly results, ₹ crore
Particulars	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 (₹)	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

₹ Cr

505163 profit and loss, annual, ₹ crore
Particulars	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 (₹)	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

₹ Cr

505163 balance sheet, annual, ₹ crore
Particulars	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

₹ Cr

505163 cash flow, annual, ₹ crore
Particulars	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/EBITDA	99	104	96	94	113	238	−142	49	101	100	117	143

Ratios

505163 financial ratios, annual
Particulars	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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

30 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

Promoters 62.82%
Public 27.65%
Others 9.51%
DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Concall · Apr 2023
PPT

Frequently Asked Questions about ZF Steering Gear

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

Where is Z F Steering Gear (India) Ltd (ZFSTEERING) listed?

Z F Steering Gear (India) Ltd trades as ZFSTEERING on the NSE and under code 505163 on the BSE.

Which sector does Z F Steering Gear (India) Ltd belong to?

Z F Steering Gear (India) Ltd is classified under the Automobiles sector, in the Auto Components industry.

What is the PE ratio of Z F Steering Gear (India) Ltd?

Z F Steering Gear (India) Ltd trades at a PE ratio of 18.28 as of 4 Nov 2026, on earnings per share of ₹42.26, against a book value of ₹557.25 per share.

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

Over the last 52 weeks Z F Steering Gear (India) Ltd has traded between ₹570.1 and ₹1,021 as of 4 Nov 2026.

Does Z F Steering Gear (India) Ltd pay dividends?

Z F Steering Gear (India) Ltd has a dividend yield of 1.01%.

What is the Return on Equity (ROE) of Z F Steering Gear (India) Ltd?

Z F Steering Gear (India) Ltd reported a return on equity of 6.35%. Its debt-to-equity ratio is 0.09.

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ZF Steering Gear

Key Fundamentals

Peer Comparison

Overall score

Category scores

Key Insights

Strengths

Weaknesses

Technical Indicators

Oscillators

Overall

Moving Averages

Key readings

Growth Rate

Revenue

Net profit

Operating cash flow

Operating margin· change in pp

Revenue by year

Net profit by year

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Insights

Shareholding Pattern

Documents

Frequently Asked Questions about ZF Steering Gear

Company Information

For AI agents and developers

Explore More