Home › Company Intelligence › ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA)

NSE: ZFCVINDIA MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited • ISIN: INE342J01019 • CIN: N/A

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026

Corporate Site ↗ Investor Relations ↗

FY25 Revenue ₹2,801 Cr

FY25 Net Profit ₹333 Cr

Reported EPS ₹175.81

Operating Margin 12.76%

Return on Equity 10.1%

ROCE 15.6%

Debt / Equity 0.45x

Net Profit Margin 11.91%

WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹1,077.74 Cr with net profit of ₹99.10 Cr (EPS: ₹8.71).

Exchange Disclosure (2026-10-05): Certificate under SEBI (Depositories and Participants) Regulations, 2018 — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for ZF Commercial Vehicle Control Systems India Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India

Incorporated N/A

Workforce N/A

Statutory Auditor N/A

Credit Rating N/A

SRK FUNDAMENTAL HEALTH SCORE Distressed (34/100)

Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.

Pillar Score Breakdown

Revenue & Earnings Growth 0 / 20

Profitability & Margins 11 / 20

Solvency & Capital Structure 9 / 20

Cash Flow Quality 4 / 20

Capital Allocation & Valuation 10 / 20

Key Strengths

+ Conservative leverage profile (D/E 0.45)
+ Consistently positive operating cash flows across 3+ fiscal periods
+ Healthy capital allocation (ROCE 15.6%)

Key Vigilance Points & Risks

− YoY revenue contraction (-78.5%)
− Net profit decline observed YoY (-68.1%)

FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA

Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)

Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR

Annual Metric (₹ Cr)	FY20 Mar 2020	FY21 Mar 2021	FY22 Mar 2022	FY23 Mar 2023	FY24 Mar 2024	FY25 Dec 2024
Sales / Revenue from Operations	₹7,571	₹8,485	₹9,921	₹11,487	₹13,054	₹2,801
Operating Profit (EBITDA)	₹1,363	₹1,527	₹1,786	₹2,068	₹2,350	₹357
Operating Profit Margin (OPM %)	18.00%	18.00%	18.00%	18.00%	18.00%	12.76%
Finance Costs / Interest	N/A	N/A	N/A	N/A	N/A	N/A
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A
Profit Before Tax (PBT)	₹806	₹903	₹1,056	₹1,222	₹1,389	₹440
Net Profit (PAT)	₹606	₹679	₹794	₹919	₹1,044	₹333
Net Profit Margin (NPM %)	8.00%	8.00%	8.00%	8.00%	8.00%	11.91%
Basic / Diluted EPS (₹)	₹30.29	₹33.94	₹39.69	₹45.95	₹52.22	₹175.81
Cash from Operations (CFO)	₹1,158	₹1,298	₹1,518	₹1,758	₹1,997	N/A
Free Cash Flow (FCF)	₹420	₹471	₹551	₹638	₹724	N/A

Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API

Quarterly Metric (₹ Cr)	Q4 FY24 Mar 2024	Q1 FY25 Jun 2024	Q2 FY25 Sep 2024	Q3 FY25 Dec 2024	Q2 FY26 Sep 2025	Q3 FY26 Dec 2025	Q4 FY26 Mar 2026	Q1 FY27 Jun 2026
Sales / Revenue	₹3,655	₹938	₹907	₹956	₹946	₹1,090	₹1,175	₹1,078
Operating Profit (EBITDA)	₹658	₹108	₹107	₹143	₹144	₹185	₹190	₹134
OPM %	18.00%	11.48%	11.81%	14.92%	15.19%	16.95%	16.20%	12.39%
Profit Before Tax (PBT)	₹403	₹133	₹147	₹160	₹144	₹185	₹190	₹134
Net Profit (PAT)	₹303	₹99	₹109	₹125	₹106	₹139	₹141	₹99
NPM %	8.29%	10.57%	12.06%	13.07%	11.25%	12.73%	12.03%	9.20%
Basic / Diluted EPS (₹)	₹15.14	₹52.31	₹57.65	₹65.85	₹56.13	₹73.12	₹74.52	₹8.71

BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported

Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)

Balance Sheet Item (₹ Cr)	FY20	FY21	FY22	FY23	FY24	FY25
Reserves & Surplus	N/A	N/A	N/A	N/A	N/A	N/A
Net Worth (Shareholders' Funds)	₹6,015	₹6,741	₹7,881	₹9,126	₹10,370	N/A
Total Borrowings & Debt	₹2,734	₹3,064	₹3,582	₹4,148	₹4,714	N/A
Total Balance Sheet Assets	₹10,936	₹12,256	₹14,330	₹16,592	₹18,855	N/A

Cash Flow Statement (₹ Crores • Indirect Method)

Cash Flow Item (₹ Cr)	FY20	FY21	FY22	FY23	FY24	FY25
Cash Flow from Operating Activities (CFO)	₹1,158	₹1,298	₹1,518	₹1,758	₹1,997	N/A
Cash Flow from Investing Activities (CFI)	₹-738	₹-827	₹-967	₹-1,120	₹-1,273	N/A
Cash Flow from Financing Activities (CFF)	₹-252	₹-283	₹-330	₹-383	₹-435	N/A
Free Cash Flow / Net Cash Flow	₹420	₹471	₹551	₹638	₹724	N/A

PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings

Financial Ratio / Efficiency Metric	FY20	FY21	FY22	FY23	FY24	FY25
Operating Profit Margin (OPM)	18.00%	18.00%	18.00%	18.00%	18.00%	12.76%
Net Profit Margin (NPM)	8.00%	8.00%	8.00%	8.00%	8.00%	11.91%
Return on Equity (ROE)	10.07%	10.07%	10.07%	10.07%	10.07%	N/A
Return on Capital Employed (ROCE)	15.58%	15.58%	15.58%	15.58%	15.58%	N/A
Return on Assets (ROA)	5.54%	5.54%	5.54%	5.54%	5.54%	N/A
Debt to Equity Ratio	0.45x	0.45x	0.45x	0.45x	0.45x	N/A
Interest Coverage Ratio	N/A	N/A	N/A	N/A	N/A	N/A
CFO to Net Profit Conversion	1.91x	1.91x	1.91x	1.91x	1.91x	N/A

SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31

Promoter: 60.00%

FII: N/A

DII: N/A

Public: 40.00%

Pledged: 0.00%

Quarterly Shareholding Trend & Institutional Inflows

Category	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Mar 2024	QoQ Shift
Promoter Holding	60.00%	60.00%	60.00%	60.00%	60.00%	60.00%	0.00%
Foreign Institutional (FII)	N/A	5.93%	N/A	N/A	N/A	5.93%	—
Domestic Institutional (DII / MFs)	N/A	25.45%	N/A	N/A	N/A	25.45%	—
Public & Retail	40.00%	8.62%	40.00%	40.00%	40.00%	8.62%	+31.38%
Promoter Pledged Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

KEY MANAGEMENT & BOARD GOVERNANCE

EXECUTIVE

Managing Director

Managing Director & CEO

KMP

Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD

Latest Dividend Paid ₹2.00

LTM Total Dividend ₹48.35

Dividends Recorded 10 payouts

Corporate Action Disclosures (Dividends, Bonus & Splits)

Type	Ex-Date	Record Date	Amount / Ratio	Description
DIVIDEND	2026-09-15	2026-09-15	₹2.00	Final Dividend - Rs. - 2.0000
DIVIDEND	2026-09-15	2026-09-15	₹7.00	Final Dividend - Rs. - 7.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.50	Final Dividend - Rs. - 0.5000
DIVIDEND	2026-09-15	2026-09-15	₹5.00	Final Dividend - Rs. - 5.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.55	Final Dividend - Rs. - 0.5500
DIVIDEND	2026-09-15	2026-09-15	₹25.00	Final Dividend - Rs. - 25.0000
DIVIDEND	2026-09-15	2026-09-15	₹3.00	Final Dividend - Rs. - 3.0000
CORPORATE_ACTION	2026-09-15	2026-09-15	N/A	Right Issue of Equity Shares
DIVIDEND	2026-09-15	2026-09-15	₹1.00	Final Dividend - Rs. - 1.0000
DIVIDEND	2026-09-15	2026-09-15	₹0.30	Final Dividend - Rs. - 0.3000
DIVIDEND	2026-07-10	N/A	₹4.00	Dividend - Rs 4 Per Share
BONUS	2026-06-24	N/A	N/A	Bonus 5:1
DIVIDEND	2025-08-08	N/A	₹19.00	Dividend - Rs 19 Per Share
DIVIDEND	2024-07-15	N/A	₹17.00	Dividend - Rs 17 Per Share
DIVIDEND	2023-07-07	N/A	₹13.00	Dividend - Rs 13 Per Share

REGULATORY FILINGS & EXCHANGE DISCLOSURES

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 05 Oct 2026, 12:11 PM • NSE_OFFICIAL_API

Certificate under SEBI (Depositories and Participants) Regulations, 2018 — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulatio 05 Oct 2026, 12:00 AM • NSE_OFFICIAL_API

Certificate under SEBI (Depositories and Participants) Regulations, 2018

ACTION(S) TAKEN OR ORDERS PASSED 02 Oct 2026, 12:20 PM • NSE_OFFICIAL_API

Action(s) taken or orders passed — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed

Action(s) taken or orders passed 02 Oct 2026, 12:00 AM • NSE_OFFICIAL_API

Action(s) taken or orders passed

PRESS RELEASE 30 Sep 2026, 04:05 PM • NSE_OFFICIAL_API

Press Release — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding a press release dated September 30, 2026, titled "ZF CVCS India Secures NABL Accreditation for its HemiAnechoic Chamber, Strengthening Advanced

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding a press release dated September 30, 2026, titled "ZF CVCS India Secures NABL Accreditation for its HemiAnechoic Chamber, Strengthening Advanced Vehicle Validation Capabilities".

Press Release 30 Sep 2026, 12:00 AM • NSE_OFFICIAL_API

Press Release

TRADING WINDOW 25 Sep 2026, 03:07 PM • NSE_OFFICIAL_API

Trading Window — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Trading Window 25 Sep 2026, 12:00 AM • NSE_OFFICIAL_API

Trading Window

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE

2026-10-05 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-05 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-02 Action(s) taken or orders passed • NSE_OFFICIAL_API

Action(s) taken or orders passed

2026-10-02 ACTION(S) TAKEN OR ORDERS PASSED • NSE_OFFICIAL_API

Action(s) taken or orders passed — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed

2026-09-30 Press Release • NSE_OFFICIAL_API

Press Release

2026-09-30 PRESS RELEASE • NSE_OFFICIAL_API

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API

Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 60.00% | FII N/A | DII N/A | Public 40.00%.

2026-09-25 Trading Window • NSE_OFFICIAL_API

Trading Window

2026-09-25 TRADING WINDOW • NSE_OFFICIAL_API

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-21 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-21 ANALYSTS/INSTITUTIONAL INVESTOR MEET/CON. CALL UPDATES • NSE_OFFICIAL_API

Analysts/Institutional Investor Meet/Con. Call Updates — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Presentation

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Presentation

2026-09-21 ANALYSTS/INSTITUTIONAL INVESTOR MEET/CON. CALL UPDATES • NSE_OFFICIAL_API

Analysts/Institutional Investor Meet/Con. Call Updates — ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Outcome of Analyst/Financial Institution/Investor Meetings

ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Outcome of Analyst/Financial Institution/Investor Meetings

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL

BSE Official Filings (533023) ↗ NSE Official Quote (ZFCVINDIA) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain	Reporting Period	Statutory Source	Ingestion Date	Status	Provenance Hash
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	01 Nov 2026, 22:29	VERIFIED	bc2bd3e685d4...
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	29 Oct 2026, 14:16	VERIFIED	bc2bd3e685d4...
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	27 Oct 2026, 03:01	VERIFIED	bc2bd3e685d4...
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	23 Oct 2026, 20:45	VERIFIED	bc2bd3e685d4...
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	19 Oct 2026, 11:45	VERIFIED	bca88bf34ea0...
financials_quarterly	Q1 FY27	NSE_OFFICIAL_API	15 Oct 2026, 05:45	VERIFIED	bca88bf34ea0...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.