ZF Commercial Vehicle Control System India Ltd
ZFCVINDIAZF Commercial Vehicle Control System India Ltd is coiled. The quarters are improving, yet the P/E sits at the 11th percentile of its own 10-year range — the business is moving before the market.
The sharpest disagreement: annual EPS moved +12.2% against a −82.3% price move — the market has not yet caught up with the delivery.
The price is in a confirmed uptrend (31 weeks in) while the P/E sits at the 11th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −14.8% year on year, and 93% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
ZF Commercial Vehicle Control System India Ltd trades at ₹2,332, in a confirmed uptrend and 31 weeks into that stage. That is −2.2% against its own 200-day average. It sits at 0% of a 52-week range of ₹2,332 to ₹15,851. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (7 weeks and counting).
Today the stock is in a confirmed uptrend — week 31 of stage 2, confirmed. At ₹2,332 it trades −2.2% versus its 200-day average and sits at 0% of its 52-week range (₹2,332–₹15,851).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved −56% while the NIFTY 500 moved +280% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (7 weeks and counting; last ahead the week of 2026-06-17) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 11th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
ZF Commercial Vehicle Control System India Ltd trades at 52.3× P/E, near the bottom of its own range — cheaper only 11% of the time. Its long-run median P/E is 67.8×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 52.3× is near the bottom of its own range — cheaper only 11% of the time, against a long-run median of 67.8× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +12.2% against a −82.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the −42.9%/yr price move, ~+17.3%/yr came from earnings growth and ~−60.2 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
ZF Commercial Vehicle Control System India Ltd reads as topping out on its fundamental arc. Topping out — profit and EPS growth have decelerated hard (profit growth +78.2% at its peak → +3.1% latest) while ROCE still reads 19.0%. The read is built from 12 quarters across 4 curves, on partial evidence.
Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +7.5% | +6.1% | +17.2% | +8.4% |
| Profit | +12.1% | +17.6% | +37.8% | +9.8% |
| EPS | +12.2% | +17.6% | −3.6% | −8.2% |
| Share price | −82.3% | −42.9% | −20.6% | −8.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
36.3/100 — rank 17 of 20 in Auto Ancillaries - Diversified · 97% evidence confidence
ZF Commercial Vehicle Control System India Ltd scores 36.3 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 17. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 10.8 + 15.7 + 8.2 + 1.6 = 36.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
ZF Commercial Vehicle Control System India Ltd reported ₹1,066 Cr of revenue in the Jun 26 quarter, +9.2% year on year. That is the 7th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.4% a year. The last full year, FY26, came in at ₹4,119 Cr. The last four reported quarters add to ₹4,209 Cr.
ZF Commercial Vehicle Control System India Ltd reported ₹1,066 Cr of revenue in the Jun 26 quarter, +9.2% year on year. That is the 7th straight quarter of year-on-year growth. Over 10 years it has compounded at 8.4% a year. The last full year, FY26, came in at ₹4,119 Cr. The last four reported quarters add to ₹4,209 Cr.
FY26 revenue came in at ₹4,119 Cr (+7.5% on the year), capping 10 years at 8.4% compound. The latest quarter (Jun 26) printed ₹1,066 Cr, +9.2% year on year — the 7th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +8.8% growth against the decade's 8.4% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +9.0% over the last 4 quarters against +5.3%/yr over the last 8 — accelerating; TTM profit +3.1% vs +10.8%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 13.0% this quarter (+0.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
ZF Commercial Vehicle Control System India Ltd's operating margin is 13.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 10.0% to 16.0%. The current quarter sits inside that band.
ZF Commercial Vehicle Control System India Ltd's operating margin is 13.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 10.0% to 16.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 13.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–16.0%, and FY26's 16.0% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −0.6 pp year on year while gross margin went −1.5 pp — the loss came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit −14.8% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
ZF Commercial Vehicle Control System India Ltd earned ₹104 Cr of net profit in the Jun 26 quarter, −14.8% year on year. Full-year FY26 profit was ₹517 Cr. The 10-year compound rate is 9.8%. That is 9.8% of the quarter's revenue. The same quarter a year earlier earned ₹122 Cr.
ZF Commercial Vehicle Control System India Ltd earned ₹104 Cr of net profit in the Jun 26 quarter, −14.8% year on year. Full-year FY26 profit was ₹517 Cr. The 10-year compound rate is 9.8%. That is 9.8% of the quarter's revenue. The same quarter a year earlier earned ₹122 Cr.
Jun 26 profit was ₹104 Cr, −14.8% year on year. On the full year, FY26 printed ₹517 Cr (+12.1%), and the 10-year compound rate is 9.8%.
🚨 Why profit moved: revenue contributed +9.2% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +2.8% vs revenue +8.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 93% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 93% of ZF Commercial Vehicle Control System India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹810 Cr of operating cash against ₹517 Cr of profit. After ₹121 Cr of capital spending, ₹689 Cr was left as free cash.
FY26: operating cash of ₹810 Cr against reported profit of ₹517 Cr, leaving free cash of ₹689 Cr after ₹121 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 93% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 93%: the cash cycle stretched 15 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 56-day cycle and ₹495 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
ZF Commercial Vehicle Control System India Ltd's cash conversion cycle runs 56 days in FY26, up from 41 days in FY21. Capital spending ran ₹495 Cr over the last 3 years. At FY26 sales of ₹4,119 Cr each day of that cycle holds about ₹11.3 Cr, so roughly ₹632 Cr sits inside the business at any moment.
FY26: debtors at 83 days, inventory at 43 days — roughly 1.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 56 days, looser than FY21's 41.
The full loop: cash goes out to suppliers and production on day 0; stock waits 43 days to sell; customers pay about 83 days after that; and suppliers themselves are paid at 71 days — netting out to the 56-day cycle.
In money terms: at FY26 sales of ₹4,119 Cr, each day of the cycle holds about ₹11.3 Cr — so the 56-day loop keeps roughly ₹632 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹495 Cr over the last 3 fiscal years against ₹366 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹61.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 19% and the ROIC − WACC spread is +14.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
ZF Commercial Vehicle Control System India Ltd earns a ROCE of 19% in FY26. That is up from a trough of 7% in FY21. Return on invested capital clears the cost of that capital by +14.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 12.6% net margin on 0.93× asset turns.
FY26 ROCE is 19%, recovered from a FY21 trough of 7% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 12.6% net margin × 0.93× asset turns × 1.20× balance-sheet leverage ≈ 14.1% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 26.7% − 12.0% = a +14.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.01.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
ZF Commercial Vehicle Control System India Ltd carries total debt of ₹55.0 Cr against shareholder equity of ₹3,691 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹55.0 Cr against shareholder equity of ₹3,691 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 7.5 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 7.5 points of ZF Commercial Vehicle Control System India Ltd over 8 quarters, the biggest move on the register. That takes promoters to 60.0% of the company. Domestic institutions moved +4.3 points over the same window, to 25.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −7.5 points over 8 quarters to 60.0%; Domestic institutions: +4.3 points over 8 quarters to 25.4%; Foreign institutions: +2.2 points over 8 quarters to 5.9%.
🚨 Why the register moved: promoters drove it (−7.5 points), absorbed on the other side by domestic institutions (+4.3 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
ZF Commercial Vehicle Control System India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| ZF Commercial Vehicle Control System India Ltd this page | 52.3× | ₹26,410 Cr | Topping out | |||
| Samvardhana Motherson International Ltd | 36.0× | ₹1.5L Cr | Turning around | |||
| Bosch Ltd | 59.0× | ₹1.2L Cr | Mixed | |||
| Endurance Technologies Ltd | 39.7× | ₹37,051 Cr | Consistent | |||
| Motherson Sumi Wiring India Ltd | 42.6× | ₹26,600 Cr | Mixed | |||
| Sansera Engineering Ltd | 59.1× | ₹19,874 Cr | Mixed | |||
| Minda Corporation Ltd | 44.8× | ₹16,173 Cr | Mixed | |||
| Lumax Auto Technologies Ltd | 34.7× | ₹9,991 Cr | Consistent | |||
| Varroc Engineering Ltd | 38.7× | ₹9,820 Cr | Turning around | |||
| S J S Enterprises Ltd | 44.0× | ₹7,475 Cr | Consistent | |||
| Suprajit Engineering Ltd | 35.5× | ₹6,646 Cr | Turning around | |||
| Sharda Motor Industries Ltd | 14.3× | ₹4,744 Cr | Mixed | |||
| Carraro India Ltd | 22.1× | ₹3,036 Cr | No read | |||
| NDR Auto Components Ltd | 30.9× | ₹1,933 Cr | Mixed | |||
| Jay Bharat Maruti Ltd | 12.5× | ₹1,747 Cr | No read | |||
| OBSC Perfection Ltd | 56.0× | ₹1,512 Cr | No read | |||
| Automobile Corporation Of Goa Ltd | 18.7× | ₹1,353 Cr | Turning around | |||
| Precision Camshafts Ltd | 53.4× | ₹1,317 Cr | Mixed | |||
| Automobile Corporation Of Goa Ltd | 15.1× | ₹1,027 Cr | Turning around | |||
| Munjal Auto Industries Ltd | 28.2× | ₹998 Cr | No read | |||
| Mercury EV-Tech Ltd | 160.0× | ₹667 Cr | Deteriorating |
Frequently asked questions
What is ZF Commercial Vehicle Control System India Ltd's share price today?
ZF Commercial Vehicle Control System India Ltd trades at ₹2,332, −82.3% over the past year. The company is valued at ₹26,410 Cr. The stock sits at 0% of its 52-week range of ₹2,332–₹15,851, −2.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 31 weeks in. — as of 24 July 2026.
What were ZF Commercial Vehicle Control System India Ltd's latest quarterly results?
ZF Commercial Vehicle Control System India Ltd reported revenue of ₹1,066 Cr and net profit of ₹104 Cr for the Jun 26 quarter. Revenue rose 9.2% and profit fell 14.8% year on year. Earnings per share were ₹9.18. The operating margin was 13.0%, 0.0 pp higher than a year earlier. — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's revenue?
ZF Commercial Vehicle Control System India Ltd reported revenue of ₹1,066 Cr in the Jun 26 quarter, +9.2% year on year. For the full FY26 fiscal year, revenue was ₹4,119 Cr (+7.5%). Over the last 10 years revenue compounded at 8.4% a year. — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's profit?
ZF Commercial Vehicle Control System India Ltd earned ₹104 Cr of net profit in the Jun 26 quarter, −14.8% year on year. Full-year FY26 profit was ₹517 Cr. The operating margin ran 13.0% in the latest quarter. — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's market cap?
ZF Commercial Vehicle Control System India Ltd's market capitalisation is ₹26,410 Cr at a share price of ₹2,332. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's P/E ratio?
ZF Commercial Vehicle Control System India Ltd trades at a P/E of 52.3×, at the 11th percentile of its own 10-year range, against a long-run median of 67.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does ZF Commercial Vehicle Control System India Ltd pay a dividend?
Yes — ZF Commercial Vehicle Control System India Ltd's dividend payout was 1% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd overvalued?
On its own history, ZF Commercial Vehicle Control System India Ltd looks cheap against its own history: its P/E of 52.3× has been cheaper only 11% of the time in 10 years (long-run median 67.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd growing?
Yes — ZF Commercial Vehicle Control System India Ltd is growing: latest-quarter revenue +9.2% year on year, profit −14.8%, and the margin +0.0 pp at 13.0%. The 10-year compound rates are 8.4% (revenue) and 9.8% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is ZF Commercial Vehicle Control System India Ltd performing?
ZF Commercial Vehicle Control System India Ltd is in a confirmed uptrend, 31 weeks in. Its latest quarter's revenue rose 9.2% and profit fell 14.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 7 weeks. — as of 24 July 2026.
What stage is ZF Commercial Vehicle Control System India Ltd in?
Topping out — profit and EPS growth have decelerated hard (profit growth +78.2% at its peak → +3.1% latest) while ROCE still reads 19.0%. The read comes from the last 12 quarters of growth (revenue growth +9.0% latest, profit growth +3.1% latest, eps growth +3.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 31 of stage 2), trading −2.2% versus its 200-day average and at 0% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd beating the market?
Not lately — on a trailing-13-week view ZF Commercial Vehicle Control System India Ltd is currently behind the NIFTY 500 (7 weeks and counting; last ahead the week of 2026-06-17), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved −56% against the NIFTY 500's +280% — behind the index over the full window. — as of 24 July 2026.
Will ZF Commercial Vehicle Control System India Ltd's share price go up?
This page publishes no price forecast for ZF Commercial Vehicle Control System India Ltd. What it measures instead: the share price is ₹2,332, the price is in a confirmed uptrend 31 weeks in. Its P/E of 52.3× sits at the 11th percentile of its own 10-year range. — as of 24 July 2026.
Who owns ZF Commercial Vehicle Control System India Ltd?
Promoters hold 60.0% of ZF Commercial Vehicle Control System India Ltd, foreign institutions 5.9%, domestic institutions 25.4% and the public 8.6% (latest quarter). The biggest move on the register over the last two years: Promoters cut 7.5 points over 8 quarters. — as of 24 July 2026.
Does ZF Commercial Vehicle Control System India Ltd have too much debt?
No — ZF Commercial Vehicle Control System India Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹55.0 Cr against equity of ₹3,690 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's capex?
ZF Commercial Vehicle Control System India Ltd spent ₹495 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. Depreciation over the same years was ₹366 Cr. — as of 24 July 2026.
What is ZF Commercial Vehicle Control System India Ltd's cash flow?
ZF Commercial Vehicle Control System India Ltd generated ₹810 Cr of operating cash flow in FY26 and ₹689 Cr of free cash flow after ₹121 Cr of capital spending. Reported profit that year was ₹517 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd's profit real cash?
Yes — over the last 3 fiscal years, 93% of ZF Commercial Vehicle Control System India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹810 Cr against reported profit of ₹517 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is ZF Commercial Vehicle Control System India Ltd in its business cycle?
ZF Commercial Vehicle Control System India Ltd's FY26 operating margin was 16.0%, against a 13-year band of 10.0%–16.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 13.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the ZF Commercial Vehicle Control System India Ltd story?
The sharpest disagreement: annual EPS moved +12.2% against a −82.3% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is ZF Commercial Vehicle Control System India Ltd a stock worth studying right now?
This is not investment advice. The machine read: ZF Commercial Vehicle Control System India Ltd is coiled. The quarters are improving, yet the P/E sits at the 11th percentile of its own 10-year range — the business is moving before the market. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.