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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
ZF Commercial Vehicle Control Systems India Limited is an India-based company, which is primarily engaged in the manufacturing of air brake actuation systems for commercial vehicles. The Company is also engaged in the rendering of software development and other services. The…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, trading cheap versus its own history.
ZF Steering Gear (India) is scored on the general / industrial framework. It keeps a healthy 12.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.57× reported profit. Free cash flow is worth about 0.4% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at 18%/yr. Book value itself has compounded 15%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 14.0%. In the latest quarter profit fell 29% versus the prior quarter.
At 50× earnings, the stock sits at the 5th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 52.16 | 38.56 | worse |
| P/B | 7.06 | 4.21 | worse |
| EV/EBITDA | 30.67 | 18 | worse |
| ROE | 14.01 | 13.33 | better |
| ROCE | 18.65 | 11.96 | better |
| ROA | 11.28 | 5.52 | better |
| Quick Ratio | 4.87 | 3.56 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Samvardhana Motherson Intl | 34.3 | 3.6 | 10.4% |
| Bosch | 63.4 | 10.1 | 15.8% |
| Uno Minda | 54.4 | 10.3 | 17.7% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (18% vs 7%) — margin expansion is at work.
Operating margin has expanded from 12% to 16% — the business is keeping more of each rupee earned.
ROE at 14% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 18% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.6× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 8% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 11% above earlier ones.
Profit fell 29% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 60.0% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.