ZF Steering Gear India Ltd-$
- Market cap
- ₹ 559 Cr.
- P/E
- 29.3x
- P/B
- 1.22x
- 52-week range
- 602.6 – 894.98
- ROE
- 3%
- ROCE
- 6%
- Dividend yield
- 0%
- Debt / equity
- 0.22
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
ZF Steering Gear (India) Limited is focused on manufacturing and supplying integral hydraulic power steering system in India. The Company is engaged in the business of production and assembling of steering systems for vehicles, buses and tractors. It operates through two segments, namely Auto Component, and Renewable Energy. The Auto Component segment is engaged in auto component manufacturing. The Renewable Energy segment is engaged in electricity generation through solar and windmill. It also manufactures and supplies ball and nut integral hydraulic power and worm and roller mechanical steering system. Its product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gear boxes, and power steering oil dexron II. The Company has plants at Vadu Budruk, Near Pune and at Pithampur (Madhya Pradesh) for production and assembling of steering systems and accessories.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →ZF Steering Gear India Ltd-$ against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)29.3 against a typical 27.4: pricier than most peers (1st = cheapest).83rd of 153
- Sales growth+7.5% against a typical +20.7% from a year earlier.117th of 142
- Profit growth+57.1% against a typical +15.3% from a year earlier.33rd of 127
- Share price, 3 months−4.6% against a typical −4.4%.74th of 142
- Size₹ 558.8 Cr. market value against a typical ₹ 728 Cr. (1st = largest).74th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ /[ICRA]A1+ | Stable | 8 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Apr 2026 | Reaffirmed | [ICRA]A+ /[ICRA]A1+ | — | ICRA | ₹ 105 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 119 | 114 | 124 | 128 | 111 | 118 | 137 | 133 | 121 | 143 | 174 | 143 |
| Expenses | 106 | 103 | 114 | 112 | 100 | 107 | 122 | 115 | 108 | 120 | 153 | 130 |
| Operating Profit | 13 | 10 | 11 | 16 | 11 | 11 | 15 | 18 | 12 | 24 | 21 | 13 |
| OPM % | 11% | 9% | 9% | 13% | 10% | 9% | 11% | 14% | 10% | 16% | 12% | 9% |
| Other Income | 6 | 13 | 9 | 8 | 5 | 1 | 6 | 5 | 1 | 2 | 1 | 15 |
| Interest | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 11 | 13 | 11 | 11 | 12 | 13 | 10 |
| Profit before tax | 11 | 14 | 10 | 14 | 6 | −1 | 6 | 11 | 0 | 11 | 7 | 16 |
| Tax % | −15% | 19% | 16% | 28% | 71% | 33% | 57% | 34% | 1,600% | 35% | 113% | 27% |
| Net Profit | 13 | 11 | 8 | 10 | 2 | −2 | 2 | 7 | −2 | 7 | −1 | 11 |
| EPS in Rs | 13.8 | 12.4 | 9.08 | 11.23 | 1.9 | −0.95 | 4.27 | 8.78 | −0.43 | 8.64 | −0.03 | 13.63 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 3%
- 5 Years
- —
- 3 Years
- 8%
- TTM
- 17%
- 10 Years
- −4%
- 5 Years
- —
- 3 Years
- −14%
- TTM
- 59%
- 10 Years
- −8%
- 5 Years
- 8%
- 3 Years
- −6%
- TTM
- —
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ZF Steering Gear India Ltd-$ | ₹ 648.00 | ₹ 559 Cr. | 29.3x | 1.2x | 3% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Dinesh Hirachand Munot
- Executive Chairman of the Board
- Jinendra Jain
- Chief Financial Officer
- Ajit Gugale
- President - Commercial & Supply Chain
- Anant Kalvit
- President - Business Development and Design
- Sachin Gugale
- Chief Information Officer
- Satish Jayantilal Mehta
- Company Secretary, Compliance Officer
- Utkarsh Dineshchand Munot
- Whole-Time Director, Managing Director
- Aniket Kadam
- Deputy Chief Financial Officer, Head of Accounts
Prices are delayed and for information only. Nothing on this page is investment advice.