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ZF Steering Gear (India) (ZFSTEERING)₹761.75+0.47%Auto Components & Equipments
In the Jun 2026 quarter (consolidated), ZF Steering Gear (India) reported sales of ₹143 Cr, up 7.4% from Jun 2025, and net profit of ₹11.04 Cr, up 57.3% year on year. For the year to Mar 2026, sales were ₹573 Cr and net profit ₹12.04 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 13.01 | 10.01 | 11.02 | 16.02 | 11.01 | 11.01 | 15.02 | 18.03 | 12.02 | 24.02 | 21.03 | 13.02 |
| OPM % | 11.0% | 9.0% | 9.1% | 13.0% | 10.0% | 9.0% | 11.0% | 14.0% | 10.0% | 16.0% | 12.1% | 9.0% |
| Other Income | 6.02 | 13.03 | 9.03 | 8.02 | 5.01 | 1.01 | 6.02 | 5.02 | 1.01 | 2.01 | 1.01 | 15.04 |
| Interest | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 |
| Depreciation | 7.98 | 7.98 | 8.98 | 8.97 | 9.98 | 10.97 | 12.96 | 10.96 | 10.97 | 11.96 | 12.97 | 9.97 |
| Profit before tax | 10.99 | 13.99 | 9.99 | 13.98 | 5.99 | −0.99 | 5.99 | 10.99 | 0.00 | 10.99 | 6.99 | 15.99 |
| Tax % | −14.9% | 19.0% | 16.0% | 28.1% | 71.1% | 33.0% | 57.1% | 34.1% | 1,600.0% | 35.0% | 113.1% | 27.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 13.06 | 11.05 | 8.04 | 10.03 | 2.01 | −2.01 | 2.01 | 7.02 | −2.01 | 7.03 | −1.01 | 11.04 |
| EPS (Rs) | 13.77 | 12.36 | 9.05 | 11.20 | 1.89 | −0.94 | 4.26 | 8.76 | −0.42 | 8.62 | −0.02 | 13.60 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 352 | 424 | 400 | 437 | 440 | 314 | 451 | 479 | 496 | 573 | 583 |
| Expenses | 304 | 359 | 317 | 351 | 385 | 272 | 394 | 425 | 441 | 496 | 511 |
| Operating Profit | 46.04 | 64.03 | 82.05 | 84.07 | 56.07 | 41.01 | 57.09 | 52.08 | 53.08 | 75.09 | 70.09 |
| OPM % | 13.0% | 15.1% | 21.1% | 19.1% | 13.0% | 13.0% | 13.1% | 11.1% | 11.0% | 13.1% | 12.0% |
| Other Income | 10.03 | 6.02 | −7.02 | 10.03 | 9.02 | 21.07 | 13.04 | 34.10 | 21.07 | 9.02 | 19.07 |
| Interest | 1.01 | 2.01 | 2.01 | 3.01 | 2.01 | 0.00 | 1.01 | 1.01 | 7.02 | 8.02 | 8.04 |
| Depreciation | 26.93 | 30.90 | 27.93 | 32.93 | 30.93 | 30.91 | 31.92 | 33.93 | 42.87 | 46.89 | 45.87 |
| Profit before tax | 27.96 | 37.97 | 44.97 | 57.95 | 30.97 | 29.96 | 35.98 | 51.98 | 23.97 | 28.97 | 33.97 |
| Tax % | 26.0% | 33.1% | 30.0% | 25.0% | −38.9% | 39.0% | 32.0% | 16.0% | 49.1% | 58.1% | — |
| Exceptional items | 2.95 | 1.22 | −0.05 | −0.02 | −0.21 | 0.00 | −0.31 | 2.63 | 0.04 | −0.19 | 0.00 |
| Net Profit | 21.09 | 25.10 | 31.10 | 43.18 | 44.17 | 18.08 | 25.11 | 44.20 | 13.05 | 12.04 | 15.05 |
| EPS (Rs) | 22.74 | 27.87 | 34.46 | 47.50 | 48.25 | 20.09 | 26.98 | 48.00 | 16.39 | 16.92 | 21.78 |
| Dividend payout % | 44.0% | 45.0% | 23.0% | 17.0% | 0.0% | 0.0% | 18.0% | 17.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.02 | 9.02 | 9.01 | 9.02 | 9.02 | 9.01 | 9.01 | 9.02 | 9.02 | 9.02 |
| Reserves | 203 | 215 | 255 | 291 | 326 | 385 | 410 | 449 | 457 | 472 |
| Borrowings | 22.97 | 34.94 | 61.89 | 63.92 | 45.91 | 33.96 | 42.96 | 76.98 | 99.84 | 106 |
| Other Liabilities | 82.89 | 79.38 | 63.98 | 67.70 | 73.10 | 43.21 | 50.25 | 59.28 | 70.20 | 85.15 |
| Total Liabilities | 317 | 337 | 391 | 432 | 454 | 472 | 512 | 594 | 636 | 673 |
| Fixed Assets | 125 | 131 | 121 | 106 | 111 | 159 | 158 | 205 | 246 | 230 |
| CWIP | 4.01 | 7.03 | 0.00 | 1.01 | 26.08 | 2.01 | 7.02 | 30.10 | 15.04 | 68.22 |
| Investments | 49.93 | 58.85 | 115 | 153 | 119 | 119 | 147 | 134 | 156 | 135 |
| Other Assets | 138 | 140 | 154 | 173 | 198 | 192 | 199 | 226 | 220 | 239 |
| Inventories | 33.14 | 29.11 | 39.15 | 40.12 | 40.17 | 58.22 | 58.20 | 67.25 | 67.25 | 67.22 |
| Trade receivables | 59.15 | 65.16 | 76.15 | 92.27 | 77.17 | 90.22 | 107 | 98.23 | 111 | 101 |
| Cash & equivalents | 14.01 | 7.01 | 2.01 | 5.01 | 6.01 | 4.01 | 1.01 | 12.01 | 1.01 | 5.01 |
| Total Assets | 317 | 337 | 391 | 432 | 454 | 472 | 512 | 594 | 636 | 673 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 48.20 | 51.19 | 63.28 | 68.26 | 72.33 | 15.06 | 49.16 | 35.15 | 40.18 | 98.42 |
| Cash from investing activity | −36.99 | −42.99 | −46.99 | −54.98 | −42.02 | −16.01 | −63.04 | −52.01 | −63.99 | −88.98 |
| Cash from financing activity | −2.01 | −14.03 | −16.03 | −10.03 | −29.06 | −3.01 | 12.04 | 29.04 | 14.03 | −5.01 |
| Net cash flow | 8.99 | −5.99 | 0.00 | 1.99 | 1.01 | −4.01 | −2.01 | 10.99 | −10.01 | 3.99 |
| Capex | 37.97 | 37.96 | 41.96 | 21.96 | 60.93 | 32.95 | 39.94 | 93.88 | 58.87 | 110 |
| Free cash flow | 11.02 | 13.02 | 20.04 | 46.07 | 11.02 | −18.03 | 9.02 | −55.08 | −19.03 | −11.02 |
| CFO / OP % | 125.1% | 103.1% | 96.1% | 99.1% | 152.1% | 49.1% | 98.1% | 85.1% | 89.1% | 145.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 62 | 56 | 70 | 77 | 64 | 105 | 87 | 75 | 82 | 64 |
| Inventory days | 53 | 39 | 60 | 58 | 54 | 110 | 73 | 79 | 80 | 73 |
| Days payable | 74 | 70 | 68 | 73 | 53 | 52 | 43 | 39 | 47 | 60 |
| Cash conversion cycle | 41 | 26 | 62 | 62 | 65 | 163 | 116 | 115 | 115 | 78 |
| Working capital days | 24 | 11 | 26 | 29 | 30 | 104 | 72 | 67 | 52 | 22 |
| ROCE % | — | 15.0% | 16.0% | 18.0% | 9.0% | — | 8.0% | 10.1% | 6.0% | 6.0% |
For the Jun 2026 quarter, ZF Steering Gear (India) reported sales of ₹143 Cr, up 7.4% year on year and net profit of ₹11.04 Cr, up 57.3% year on year. The operating margin was 9.0%.
ZF Steering Gear (India)'s sales for the year to Mar 2026 were ₹573 Cr; over the last twelve months they were ₹583 Cr.
Net profit for the year to Mar 2026 was ₹12.04 Cr, and ₹15.05 Cr over the last twelve months. Earnings per share over the same trailing period were ₹21.78.
ZF Steering Gear (India) reported borrowings of ₹106 Cr at Mar 2026, against cash and equivalents of ₹5.01 Cr.
Cash from operations was ₹98.42 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹11.02 Cr.