Close 2026-08-21 1267 scanned A

ZFCVINDIA

ZF Commercial Vehicle Control Systems India Limited
Automobile and Auto ComponentsLarge capRs 30,295 crRs 24.1 cr traded a day
Close on 2026-08-21
2,662.00
+1.54%
52-week range96% of the way up
2,070.672,686.00
Market cap
30,295 cr
P/E (TTM)
58.7×
industry 38×
EPS (TTM)
45.38
Revenue YoY
+12.7%
Q1 FY27
Profit YoY
+5.1%
Net margin
9.8%
-0.7pt vs a year ago
Growth trend
-7.8pt
vs last quarter’s YoY
1 month
+12.5%
Below 52w high
0.9%
RSI (14)
75
overbought
Daily swing
2.4%
average true range
Volume
0.9×
vs 20-day average
Traded
Rs 24 cr
median day
Close200-day averageMaterial filing
2,2002,4002,600Aug 25Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26
260 sessions · hover for the filing behind a move
1 week
+0.96%
1 month
+12.52%
3 months
+7.31%
6 months
+3.01%
1 year
+12.56%

The read

written from the numbers on this page
The evidence leans constructive7 supporting, 3 against, 1 worth knowing

Supporting

  • trading 10% above its 200-day average
  • sitting at 96% of its 52-week range, with little overhead supply from trapped buyers
  • up 13% over twelve months
  • matches closing in on a 52-week high, which has beaten the market by +0.51 points over 20 sessions across 27,282 past signals
  • 3 of the scans it matches have a positive measured record
  • 6 independent kinds of evidence agree today, which is uncommon
  • revenue grew 13% year on year in the quarter ending 2026-06-30

Against

  • 1 of the scans it matches has historically underperformed the market
  • net margin has narrowed from 13.0% to 9.8% across four quarters
  • priced at 59× earnings against an industry median of 38× — 54% above its peers

Worth knowing

  • RSI at 75 is stretched; strong stocks stay stretched for a long time, so this is a note on entry timing, not on direction
What would change this read: a close below 2,430, its 200-day average; a failure to hold the top of its 52-week range.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

read from the filings, with the figure behind every line
Working2

Operating cash flow was Rs 810 cr against Rs 516 cr of profit over four quarters, 157% of it.

Rs 810 crRs 516 cr157%

Revenue +17.0% year on year, Rs 911 cr to Rs 1,066 cr.

+17.0%Rs 911 crRs 1,066 cr
Needs watching2

Profit grew slower than revenue, -4.3% against +17.0%.

-4.3%+17.0%

Net margin moved from 12.0% to 9.8%.

12.0%9.8%
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.

How it has performed

price return over each window, measured against zero
+1.0%1W+12.5%1M+7.3%3M+3.0%6M+12.6%1Y

What the scans say today

9 of 47 matched on 2026-08-21
ZFCVINDIA matches 9 of the 47 scans today, across 6 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

Quality of the business

balance sheet as at 2026-03-31
Return on equity
14.0%
trailing profit over shareholders’ funds
Return on capital
18.5%
pre-tax profit over equity plus borrowings
Debt to equity
0.00×
0 cr borrowed against 3,691 cr of equity
Net debt
192 cr
cash exceeds borrowings
Cash conversion
157%
operating cash flow as a share of profit
Receivable days
81
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 2024-09-06
50×
median 57×
71×
now 59×
ZFCVINDIA trades at 59× trailing earnings, close to its median of 57× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
08-12
12:07
Legal / regulatory
1d+0.35d+3.220d
08-03
19:15
Analyst call
1d+4.55d+6.620d
07-28
20:47
AGM / EGM
1d+0.25d+6.420d
07-28
17:36
Analyst call
1d+0.25d+6.420d
07-28
16:27
AGM / EGM
1d+0.25d+6.420d
07-28
13:26
Other filing
1d+4.15d+6.020d
Legal / regulatory filings were typically +0.99pt vs the market over the next 5 sessions (n=92) · Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352) · AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
8999599469119621.1k1.2k1.1k11.2%13.0%9.8%Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 13% against the same quarter a year earlier
  • profit rose 5% year on year
  • revenue rose in 3 of the last 4 quarters

Going against it

  • net margin narrowed from 12.7% to 9.8%
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
2026-06-30 · consolidated
1,0661401049.189.8%
Q4 FY26
2026-03-31 · consolidated
1,15519714677.1412.7%
Q3 FY26
2025-12-31 · consolidated
1,07518714073.9013.0%
Q3 FY25
2024-12-31 · consolidated
96216112566.1513.0%
Q2 FY25
2024-09-30 · consolidated
91114610957.5312.0%
Q1 FY25
2024-06-30 · consolidated
9461349952.4210.5%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+6.7%
Versus 200-day average+9.5%
Below 52-week high-0.9%
Above 52-week low+28.6%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)74.9
Higher closes in last 53 of 5
Six-month return+3.01%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.37%
Volume versus 20-day0.9x
Median daily turnoverRs 24.1 cr

Peers

Automobile and Auto Components · 47 classified companies
ZFCVINDIA trades at 58.7× trailing earnings against an industry median of 38.1× across 44 other classified companies in its industry — more expensive than them, by 54%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
MARUTI426,48429.8+1.21%−8.60%457.9
M&M381,45018.8+5.65%+5.49%733.4
BAJAJ-AUTO327,01528.3+3.69%+29.56%282.5
EICHERMOT219,87438.1+3.74%+26.16%300.8
TVSMOTOR208,56961.7+12.00%+30.28%400.6
HYUNDAI180,28736.4+13.53%−9.69%139.3
MOTHERSON178,77039.2+16.36%+75.58%260.9
BOSCHLTD142,19040.9+14.11%+16.66%158.1
TMPV117,14613.3−1.97%−53.93%248.7
HEROMOTOCO114,75720.9+10.85%+7.96%329.2
BHARATFORG98,639137.8−5.16%+81.83%181.1
ZFCVINDIA30,29558.7+12.52%+12.56%24.1
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet