ZF Steering Gear (India) Ltd.
Snapshot View

526.30 +0.85 ▲0.2%

23 July 2021, 04:00:00 P.M.
Volume: 4,297

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.zfindia.com
Financial Indicators
Market Cap 477.53 Cr.
Earnings per share (EPS) 9.75 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 53.96 Trailing Twelve Months Ending 2021-03
Industry PE 91.09 Trailing Twelve Months Ending 2021-03
Book Value / Share 415.11 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.27 Calculated using Price: 526.30
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.91 Cr. 9,073,300 Shares
FaceValue 10
Company Profile

ZF Steering Gear started in 1981 to manufacture Mechanical - worm & roller and integral hydraulic power steering gears in financial and technical collaboration with ZF Friedrichafen AG Germany, the world's largest independent steering gears manufacturer.

The factory of the company has workforce of 700 persons out of which more than 500 are qualified and experienced engineers working in various departments such as production, quality control, product development, design, heat treatment, marketing, etc for meeting the quality standard of manufacturing.

The factory is equipped with advanced specially designed machinery from ZF Germany for manufacturing critical components and includes systematic cluster of wide range of CNC machines and special purpose machines.

The factory has its own in-house heat treatment facility consisting of Sealed Quench Furnaces,Pit Carburised Furnaces for case Carburising, nitriding etc. The Heat Treatment department also has well equipped metallurgical laboratory for material testing. Present installed capacity is 1,40,000 units of mechanical steering gears and 2,70,000 units of power steering gears per annum, and  the sales-turnover of ZF India for the year 2007-2008 was Rs. 258 crore.

In view of the encouraging response from the automobile manufacturers of repute, expansion plans are in progress, for expanding the production capacity well in advance of mechanical steering gears to the level of 1,50,000 units and power steering gears 3,00,000 units.

Milestones :

  • 1983 Started commercial production of worm and roller steering gears for Bajaj Tempo Ltd. And Premier Auto Ltd.
  • 1986  Started supplies of HCV Power Steering to Ashok Leyland Ltd. Started supplies of HCV Power Steering to Tata Motors Ltd. Developed Nissan Carrier & Nissan Patrol Steering Gears. Developed & started production of steering gears for Punjab Tractors Ltd.
  • 1993 Developed and started supplies to Eicher Tractors Developed all types of Power Steering for RH & LH versions for Bus/ Truck applicationsDeveloped and started production of LCV Power Steering
  • 1998 Designed and developed Power Steering Gears for Sumo, Safari and 207 range of Tata vehicles Developed steering gears for Mahindra & Mahindra Tractors Designed and developed LCV Power Steering Gear for Tempo TravellerDesigned and developed Power Steering for Canter Range of vehicles of Eicher Motors
  • 2003 Developed LCV Power Steering Gears for trucks & buses of Swaraj Mazda Ltd. Started supplies of Servocom Steering Gears to Volvo, India. Developed Single drop arm worm & roller steering gears for Escorts Ltd. Developed Single drop arm worm & roller steering gears for New Holland Tractors (I) Pvt. Ltd. Started supplies for Ashok Leyland Ltd new developing models
  • 2005 Started supplies to L& T John Deere Pvt. Ltd.
  • 2006 Servocom Steering Gear for HCV, MAV, Busses. Rack & Pinion Power Steering Gear for Passenger Cars
  • 2009 -8046 Power Steering Gear Launched.
    Rack & Pinion Mech. Steering Launched.
  • 2012 - ZF steering Gear(India) successfully commisions 5MW solar power project.
    ZF Lenksysteme India Private Limited, Joint Venture Company in which the Company holds 26% paid-up capital of the Company, inauguratED their factory on April 26, 2012 at Pune.

Product range of the company includes:

  • Ball and Nut Power Steering Gear
  • Worm and Roller Manual Steering Gears
  • Rack and Pinion Power Steering Gears
  • Vane Pumps
  • Steering Columns
  • Bevel Gear Box
  • Universal Joints

The company is also engaged in new product developments

Different divisions of the company are :   Research & Development    Production Engineering    Heat Treatment

Achievements/ recognition :1. Quality Certification  -    - ISO/ TS 16949 : 2002 TUV : Rheinland     - DIN EN ISO - 14001:1996  TUV : Rheinland2. Awarded ISO 9001 Certification by BVQI.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.16%
1 Week
-4.53%
1 Month
+10.72%
3 Month
+43.48%
6 Month
+38.63%
1 Year
+78.07%
2 Year
+14.99%
5 Year
-65.45%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 25.27 12.18 6.34 15.01 17.08 16.09 13.13 -0.35 -0.08
Return on Capital Employed (%) 29.85 20.83 19.06 17.07 20.52 18.36 15.32 -2.75 1.04
Return on Assets (%) 16.54 8.03 4.57 11.01 12.67 11.64 9.36 -0.26 -0.06

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 202 219 226 248 280 339 379 368 367
Non Curr. Liab. 58 26 22 18 13 35 35 11 -14
Curr. Liab. 71 63 62 70 83 105 114 96 61
Minority Int.
Equity & Liab. 330 308 310 336 375 479 527 475 413
Non Curr. Assets 238 203 217 249 285 345 375 339 322
Curr. Assets 92 105 93 87 91 133 152 137 91
Misc. Exp. not W/O
Total Assets 330 308 310 336 375 479 527 475 413

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 352 313 291 330 381 399 425 439 287
Other Income 8 12 8 9 6 12 10 11 4
Total Income 360 324 299 340 388 410 434 450 290
Total Expenditure -284 -249 -232 -273 -303 -317 -336 -364 -321
PBIDT 76 76 67 67 85 94 98 86 -30
Interest -1 -4 -1 -1 -2 -2 -3 -2 -1
Depreciation -17 -23 -21 -23 -25 -28 -33 -31 -32
Taxation -22 -23 -31 -7 -13 -13 -14 12 -3
Exceptional Items 10 -67 67
PAT 46 26 14 36 45 50 47 -1 0

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 58 48 26 48 67 63 68 73 76
Cash Fr. Inv. -72 17 -28 -57 -54 -47 -55 -43 -29
Cash Fr. Finan. 23 -57 -13 -2 -14 -16 -10 -28 -44
Net Change 10 8 -16 -11 -1 0 2 2 2
Cash & Cash Eqvt 21 29 14 3 2 2 4 3 5

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 67.39 67.39 67.42 67.45 67.45 67.45 67.45 67.45 67.43
Public 32.61 32.61 32.58 32.55 32.55 32.55 32.55 32.55 32.57
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 31.07 24.53 24.52 24.51 24.51 24.51 24.51 13.89 13.89

Announcements View Details

Mon, 19 Jul 2021
Shareholding for the Period Ended June 30 2021
ZF Steering Gear India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 16 Jul 2021
Board Meeting Intimation for Compliance Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (The Listing Regulations).<BR>
Z.F.STEERING GEAR (INDIA) LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2021 inter alia to consider and approve This is to inform you that pursuant to the Regulation 29 of the Listing Regulations a meeting of the Board of Directors of the Company will be held on Saturday July 24 2021 through video conferencing inter alia to consider and approve Unaudited Financial Results of the Company under Regulation 33 of the Listing Regulations for the Quarter ended on June 30 2021.
Tue, 13 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0330
Name of the Signatory :- Satish Mehta
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
MACD Crossing Signal Line From Above MACD Crossing Signal Line From Above

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