Z F Steering Gear (India) share price today

Z F Steering Gear (India) Ltd's share price was ₹772.50 at the close on 4 November 2026. It has been falling for 88 weeks. That is 4.1% above its average price over the last 200 trading days.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Z F Steering Gear (India) Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹617 and ₹875, and at that close it sat 60% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row.

Over the last 11 years the share price moved −36% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 7 quarters in a row, highest quarterly profit in 10 quarters and operating margin down 5 points on a year earlier.

1. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹143 crore, +7.5% on a year earlier.

2. Highest quarterly profit in 10 quarters

   Profit of ₹11 crore in the June 2026 quarter is the highest of the last 10 quarters.

3. Operating margin down 5 points on a year earlier

   9% in the June 2026 quarter, from 14%.

For April to June 2026 (the quarter ended 30 June 2026), Z F Steering Gear (India) reported revenue of ₹143 crore, up 7.5% from ₹133 crore a year earlier, and a profit of ₹11.0 crore, up 57.1% from ₹7.00 crore.

Z F Steering Gear (India) results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Z F Steering Gear (India) closed at ₹772.50 on 4 November 2026, down 10.2% from ₹860.70 a year earlier (7 November 2025) and up 69.4% over five years. Its highest weekly close since March 2016 was ₹1,806.40 on 1 November 2024.

Z F Steering Gear (India) share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Z F Steering Gear (India) closed at ₹772.50, up 7.5% on the week and up 9.6% on the month. Results for April to June 2026: Revenue up 7.5% and profit up 57.1% on a year earlier.

Z F Steering Gear (India) has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Z F Steering Gear (India) Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 7 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Z F Steering Gear (India) is on one of our India lists: Momentum stocks.

Z F Steering Gear (India) Ltd earned ₹11.0 Cr of net profit in the Jun 2026 quarter, +57.1% on the same quarter a year earlier. Full-year FY26 profit was ₹12.0 Cr. Over 10 years profit has grown −7.1% a year on average. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned ₹7.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

3 of the last 12 reported quarters were loss-making.

Why profit moved: revenue changed +7.5% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −97.6% and revenue +16.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

Z F Steering Gear (India) Ltd reported ₹143 Cr of revenue in the Jun 2026 quarter, +7.5% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 3.0% a year on average. The last full year, FY26, came in at ₹571 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹581 Cr.

FY26 revenue was ₹571 Cr, +15.6% on the year before.

Recent pace: the last four quarters grew +16.2% on average, against 3.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +16.4%, against +9.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +66.7%, against −40.2% a year (accelerating).

Z F Steering Gear (India) Ltd's operating margin was 9.0% in the Jun 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 9.0% and 21.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −4.3 percentage points on the year while gross margin changed +1.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 251% of Z F Steering Gear (India) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹98.0 Cr of operating cash against ₹12.0 Cr of profit. After ₹85.0 Cr of spending on assets, ₹13.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 251% of profit came in as cash: the cash cycle got 87 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Z F Steering Gear (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 77 days in FY26, down from 164 days in FY21. It spent ₹257 Cr on assets over the last 3 years. Customers take 64 days to pay, and stock sits for 73 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹571 Cr, each day of that cycle ties up about ₹1.6 Cr, so roughly ₹120 Cr is tied up in the business at any time.

FY26: customers took 64 days to pay and stock sat for 73 days, about 2.4 months of sales sitting as stock, for a full cycle of 77 days, shorter than FY21's 164.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 73 days. Customers pay about 64 days after that. Suppliers are paid at 61 days. Together that makes the 77-day cycle.

Spending on assets: ₹257 Cr over the last 3 years, against ₹124 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹68.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Z F Steering Gear (India) Ltd's P/E is 34.8×, near the high end of its own history: higher than 70% of past readings. Its usual P/E (the middle reading) is 23.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹21.81.