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Key Stats

Standalone Consolidated
 
MARKET CAP (RS CR) 1000.69
P/E 21.06
BOOK VALUE (RS) 485.2149945
DIV (%) 50
MARKET LOT 1
EPS (TTM) 52.38
PRICE/BOOK 2.27383739683667
DIV YIELD.(%) 0.45
FACE VALUE (RS) 10
DELIVERABLES (%)
4

News & Announcements

18-May-2024

ZF Steering Gear (India) to table results

26-Mar-2024

ZF STEERING announces cessation of director

03-Feb-2024

Z F Steering Gear (India) consolidated net profit rises 163.47% in the December 2023 quarter

31-Jan-2024

Z F Steering Gear (India) Ltd - Announcement under Regulation 30 (LODR)-Resignation of Director

18-May-2024

ZF Steering Gear (India) to table results

26-Mar-2024

ZF STEERING announces cessation of director

25-Jan-2024

ZF Steering Gear (India) to discuss results

28-Oct-2023

ZF Steering Gear (India) to announce Quarterly Result

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Peers Comparsion

Select Company Name BSE Code NSE Symbol
ACT India Ltd - Merged 520052
Akar Auto Industries Ltd 530621
Amalgamations Repco Ltd 40093
Amara Raja Energy & Mobility Ltd 500008 ARE&M
Amtek Auto Ltd 520077 AMTEKAUTO
Anand I-Power Ltd 505789
Andhra Sinter Ltd 513002
ANG Industries Ltd 530721 ANGIND
Apex Auto Ltd 40478
ASK Automotive Ltd 544022 ASKAUTOLTD
ASL Industries Ltd 538418 ASLIND
Auto Pins (India) Ltd 531994
Auto Tension Ltd 520096
Autocomps India Ltd 522056
Autoline Industries Ltd 532797 AUTOIND
Autolite (India) Ltd 500029 AUTOLITIND
Automobile Corporation Of Goa Ltd 505036 AUTOCORP
Automotive Axles Ltd 505010 AUTOAXLES
Automotive Stampings & Assemblies Ltd 520119 ASAL
Autopal Industries Ltd 517286 AUTOPALIND
Axles India Ltd 40001
Banco Products (India) Ltd 500039 BANCOINDIA
Bharat Gears Ltd 505688 BHARATGEAR
Bharat Seats Ltd 523229
Bombay Burmah Trading Corporation Ltd 501425 BBTC
Bosch Chassis Systems India Ltd 505185 BOSCHCHASY
Bosch Ltd 500530 BOSCHLTD
Brite Automotive & Plastics Ltd (Merged) 507782 BRITEAUTO
Carraro India Pvt Ltd 40394
Castex Technologies Ltd 532282 CASTEXTECH
Clutch Auto Ltd 505052 CLUTCHAUTO
Containe Technologies Ltd 543606
Coventry Coil-O-Matic (Haryana) Ltd 523415
Coventry Spring & Engineering Co. Ltd 522269
Craftsman Automation Ltd 543276 CRAFTSMAN
D H Woodhead Ltd 40065
Denso India Ltd 520022 DENSO
Design Auto Systems Ltd 520125
Dewas Metal Sections Ltd 40213
Divgi Torqtransfer Systems Ltd 543812 DIVGIITTS
Elgi Auto Parts Ltd (Wound-up) 500129
Emmforce Autotech Ltd 544166
Endurance Technologies Ltd 540153 ENDURANCE
Engine Valves Ltd (Merged) 520038 ENGINVALVE
Enkei Wheels India Ltd 533477
Exedy India Ltd 505923
Exide Industries Ltd 500086 EXIDEIND
Fairfield Atlas Ltd 520145
Federal-Mogul Goetze (India) Ltd 505744 FMGOETZE
Fiem Industries Ltd 532768 FIEMIND
Frontier Springs Ltd 522195
G S Auto International Ltd 513059
Gabriel India Ltd 505714 GABRIEL
Gajra Bevel Gears Ltd 505711
GKN Driveline (India) Ltd 520064 INVELTRANS
Globe Active Technologies Ltd 504033
GNA Axles Ltd 540124 GNA
Goldstar Power Ltd 535018 GOLDSTAR
Gujarat Rodrel Engineering Products Ltd 520105
Gujarat Suspension Ltd 523471
Harita Seating Systems Ltd(Merged) 590043 HARITASEAT
Harsha Engineers International Ltd 543600 HARSHA
HBL Power Systems Ltd 517271 HBLPOWER
Hella India Lighting Ltd 520026
Him Teknoforge Ltd 505712
Hindustan Composites Ltd 509635 HINDCOMPOS
Hindustan Hardy Ltd 505893
India Forge & Drop Stampings Ltd 504736
India Motor Parts & Accessories Ltd 590065 IMPAL
India Nippon Electricals Ltd 532240 INDNIPPON
India Radiators Ltd 505100
IP Rings Ltd 523638 IPRINGLTD
IST Ltd 508807
Jagan Lamps Ltd 530711
Jai Parabolic Springs Ltd(merged) 520071 JAIPARBOLI
Jainex Aamcol Ltd 505212
Jamna Auto Industries Ltd 520051 JAMNAAUTO
Jay Bharat Maruti Ltd 520066 JAYBARMARU
Jay Ushin Ltd 513252
JBM Auto Ltd 532605 JBMA
JMT Auto Ltd 513691 JMTAUTOLTD
Jonas Woodhead & Sons (India) Ltd 40296
JTEKT India Ltd 520057 JTEKTINDIA
Jullundur Motor Agency (Delhi) Ltd 532420 JMA
K E W Industries Ltd 532758
K R Rubberite Ltd 40472
Kar Mobiles Ltd 590053
Kinetic Engineering Ltd 500240 KINETICENG
Kranti Industries Ltd 542459
Kripal Springs (India) Ltd 531833
L G Balakrishnan & Bros Ltd 500250 LGBBROSLTD
Lakshmi Auto Components Ltd (Merged) 520061 LAKSHAUTO
Laser Lamps (Haryana) Ltd (Merged) 517322 LASERLAMP
Lumax Auto Technologies Ltd 532796 LUMAXTECH
Lumax Automotive Systems Ltd(Under Liquidation) 532537 LUMAXAUTO
Lumax Industries Ltd 517206 LUMAXIND
Machino Plastics Ltd 523248
Mahindra Composites Ltd(Merged) 524138
Mandeep Auto Industries Ltd 92589 MANDEEP
Menon Pistons Ltd 531727
Metabond Industries Ltd 40338
Minda Corporation Ltd 538962 MINDACORP
Motherson Sumi Wiring India Ltd 543498 MSUMI
Munjal Auto Industries Ltd 520059 MUNJALAU
Munjal Showa Ltd 520043 MUNJALSHOW
National Auto Accessories Ltd 520069
NDR Auto Components Ltd 543214 NDRAUTO
New Swan Multitech Ltd 544082
Nicco Batteries (Merged) 517137
Omax Autos Ltd 520021 OMAXAUTO
PAE Ltd 517230 PAEL
Pavna Industries Ltd 543915 PAVNAIND
Phoenix Lamps Ltd(Merged) 517296 PHOENIXLL
Pioneer Auto Lamps Ltd 517007
PPAP Automotive Ltd 532934 PPAP
Precision Camshafts Ltd 539636 PRECAM
Precision Metaliks Ltd 535428 PRECISION
Pricol Ltd 540293 PRICOLLTD
Pricol Ltd(Merged) 526109
Pritika Auto Industries Ltd 539359 PRITIKAUTO
Pritika Autocast Ltd(Merged) 780020
RACL Geartech Ltd 520073
Rane (Madras) Ltd 532661 RML
Rane Brake Lining Ltd 532987 RBL
Rane Brake Linings Ltd(merged) 532328 RANEBRAKE
Rane Engine Valve Ltd 532988 RANEENGINE
Rane Engine Valves Ltd(merged) 532490 REVL
Rasandik Engineering Industries India Ltd 522207
REIL Electricals India Ltd 505817
Reinz-Talbros Ltd(wound-up) 520067
Remsons Industries Ltd 530919 REMSONSIND
Renowned Auto Products Mfrs Ltd 505167
Rico Auto Industries Ltd 520008 RICOAUTO
Samkrg Pistons & Rings Ltd 520075
Samvardhana Motherson International Ltd 517334 MOTHERSON
Sandhar Technologies Limited 541163 SANDHAR
Sansera Engineering Ltd 543358 SANSERA
Sar Auto Products Ltd 538992
Setco Automotive Ltd 505075 SETCO
Sharda Motor Industries Ltd 535602 SHARDAMOTR
Shigan Quantum Technologies Ltd 535435 SHIGAN
Shivam Autotech Ltd 532776 SHIVAMAUTO
Shriram Pistons & Rings Ltd 533021 SHRIPISTON
Sibar Auto Parts Ltd 520141
Siemens VDO Automotive Ltd(merged) 509711
Sintercom India Ltd 535047 SINTERCOM
Sizemasters Technology Ltd 513496
SM Auto Stamping Ltd 543065
Sona BLW Precision Forgings Ltd 543300 SONACOMS
Spark Plugs Company India Ltd(liquidated) 517157
Spectra Industries Ltd 513687
Stallion Shox Ltd (Merged) 520024
Standard Motor Products of India Ltd(wound up) 40023
Steel Strips Wheels Ltd 513262 SSWL
Subros Ltd 517168 SUBROS
Sundaram Brake Linings Ltd 590072 SUNDRMBRAK
Sundaram Clayton Ltd 544066 SUNCLAY
Sundram Fasteners Ltd 500403 SUNDRMFAST
Super Auto Forge Ltd 40741
Suprajit Engineering Ltd 532509 SUPRAJIT
Talbros Automotive Components Ltd 505160 TALBROAUTO
Talbros Engineering Ltd 538987
Thaai Casting Ltd 92605 TCL
The Hi-Tech Gears Ltd 522073 HITECHGEAR
Triton Valves Ltd 505978
Tru Wheels Ltd (Merged) 507929
Tudor India Pvt Ltd 517451
TVS Autolec Ltd (Merged) 520101 AUTOLEC
Ucal Ltd 500464 UCAL
Ultra Wiring Connectivity Systems Ltd 535124 UWCSL
Uno Minda Ltd 532539 UNOMINDA
Uravi T and Wedge Lamps Ltd 543930 URAVI
Varroc Engineering Ltd 541578 VARROC
Waaree Technologies Ltd 539337
Wheels India Ltd 590073 WHEELS
XLO-United Clutch Products Ltd(liquidated) 505188
ZF Commercial Vehicle Control System India Ltd 533023 ZFCVINDIA

Share Holding

Category No. of shares Percentage
Total Foreign 48863 0.54
Total Institutions 11247 0.12
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 91238 1.01
Total Promoters 6094198 67.17
Total Public & others 2827754 31.17
Total 9073300 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Z F Steering Gear (India) Ltd

ZF Steering Gear (India) Limited was incorporated in January 21, 1981. The Company is engaged in production & assembling of steering systems for vehicles, buses and tractors. The Company has plant at Vadu Budruk, Near Pune and at Pithampur (Madhya Pradesh). The company's steering gears find application in buses and are supplied to various state transport undertakings and also to heavy vehicles like dumper and haulage trucks. Buses fitted with power steering gears reduce the drivers' effort and fatigue to steer the vehicle and adds to their safety. The original collaborators of the company, ZF Friedrichshfan AG, Germany (ZFG) formed a joint venture with Robert Bosch, GmbH(Bosch) and have established a separate company - ZF LENKSYSTEME GmbH (ZFLS) - which is jointly managed by ZF and Bosch and in which both these partners hold 50% stake each. The steering gear business of the partner has been transferred to this new joint venture company. Consequently, the investment in the shares of ZFGIL, held by ZFG, has been transferred to ZF Beteiligungsholding GmbH (ZFBG) which will be fully controlled by ZFLS, the joint venture company. The shares were transferred to ZFBG after necessary government approvals. Similarly, all rights and obligations of ZFG under the technical collaboration agreement with ZF India have been transferred to ZFLS. During 1998-99, Company was awarded renewal of ISO 9001 Certificate for further period of 3 years. During the year 2001-02, Company installed two windmills (0.35 MW each) at Vankusavade in Satara District ancl one windmill (1 MW) at Supa in Ahmednagar District, which generated 25 lac units of Power. In 2004, the Collaborators. ZF Lenksysteme, Germany (ZFLS) had a subsidiary, ZF Beteiligungsgesellschaft (ZFBTL) which was holding 1,170,000 shares of ZF India. As a part of restructuring, ZFBTL merged with the holding company, ZFLS, and consequently, ZFLS held shares of ZF India. The Company allotted 4,536,650 Equity shares as fully paid-up Bonus Shares in the ratio of one share for every share held (1:1) on September 5,2005 and as a result, the said Shares were listed at Bombay Stock Exchange. It expanded the installed capacity of Power Steering Gears from 150,000 to 240,000 per annum and of Mechanical Steering Gears from 100,000 to 120,000 per annum, during 2006-07, at a capital expenditure of approx. Rs. 70 million. The Company expanded its installed capacity of Power Steering Gears from 240,000 to 270,000 per annum and of Mechanical Steering Gears from 120,000 to 140,000 per annum, during 2007-08, at a capital expenditure of approx. Rs. 80 million. It commissioned 5 MW Wind Turbine Machines in March 2010. By end of financial year 2010-11, the Company expanded its installed capacity of Power Steering Gears to 3 lac units per annum and Mechanical Steering Gears to 2 lac units per annum at its existing factory at Vadu Budruk. The Company made substantial investment in the JV Company, ZF Lenksysteme India Private Limited. In February, 2012, additional capital, was raised by the JV Company and consequently, the paid-up capital of the JV Company stood at Rs. 819 million and Company held 26% of the total paid up capital of the JV Company. The JV Company set up its manufacturing plant at Village Phulgaon, Pune, to establish its manufacturing operations in steering systems and as a result, the said plant was inaugurated on April 26, 2012. A 5 MW Solar Power Project was commissioned in Patan District of Gujarat, which became operational in 2012-13. During the year 2014, there was a change in the Shareholding/ Ownership pattern of ZF Lenksysteme, GmbH' (ZFLS), the foreign-promoter of Company. Previously, entire share capital of ZFLS was held between ZF Friedrichshafen AG and Robert Bosch GmbH in the ratio of 50:50. In January 2015, Robert Bosch GmbH agreed to buy the shares held by ZF Friedrichshafen AG in ZFLS and became 100% owner of ZFLS. Consequent upon this change, name of ZFLS was changed to Robert Bosch Automotive Steering GmbH'. During year 2017-18, the Company commissioned rooftop solar project situated at Vadu Budruk plant. In April, 2022, the Company had incorporated two Wholly-Owned Subsidiaries, DriveSys Systems Private Limited and NexSteer Systems Private Limited.

Z F Steering Gear (India) Ltd Chairman Speech

Z F Steering Gear (India) Ltd Company History

ZF Steering Gear (India) Limited was incorporated in January 21, 1981. The Company is engaged in production & assembling of steering systems for vehicles, buses and tractors. The Company has plant at Vadu Budruk, Near Pune and at Pithampur (Madhya Pradesh). The company's steering gears find application in buses and are supplied to various state transport undertakings and also to heavy vehicles like dumper and haulage trucks. Buses fitted with power steering gears reduce the drivers' effort and fatigue to steer the vehicle and adds to their safety. The original collaborators of the company, ZF Friedrichshfan AG, Germany (ZFG) formed a joint venture with Robert Bosch, GmbH(Bosch) and have established a separate company - ZF LENKSYSTEME GmbH (ZFLS) - which is jointly managed by ZF and Bosch and in which both these partners hold 50% stake each. The steering gear business of the partner has been transferred to this new joint venture company. Consequently, the investment in the shares of ZFGIL, held by ZFG, has been transferred to ZF Beteiligungsholding GmbH (ZFBG) which will be fully controlled by ZFLS, the joint venture company. The shares were transferred to ZFBG after necessary government approvals. Similarly, all rights and obligations of ZFG under the technical collaboration agreement with ZF India have been transferred to ZFLS. During 1998-99, Company was awarded renewal of ISO 9001 Certificate for further period of 3 years. During the year 2001-02, Company installed two windmills (0.35 MW each) at Vankusavade in Satara District ancl one windmill (1 MW) at Supa in Ahmednagar District, which generated 25 lac units of Power. In 2004, the Collaborators. ZF Lenksysteme, Germany (ZFLS) had a subsidiary, ZF Beteiligungsgesellschaft (ZFBTL) which was holding 1,170,000 shares of ZF India. As a part of restructuring, ZFBTL merged with the holding company, ZFLS, and consequently, ZFLS held shares of ZF India. The Company allotted 4,536,650 Equity shares as fully paid-up Bonus Shares in the ratio of one share for every share held (1:1) on September 5,2005 and as a result, the said Shares were listed at Bombay Stock Exchange. It expanded the installed capacity of Power Steering Gears from 150,000 to 240,000 per annum and of Mechanical Steering Gears from 100,000 to 120,000 per annum, during 2006-07, at a capital expenditure of approx. Rs. 70 million. The Company expanded its installed capacity of Power Steering Gears from 240,000 to 270,000 per annum and of Mechanical Steering Gears from 120,000 to 140,000 per annum, during 2007-08, at a capital expenditure of approx. Rs. 80 million. It commissioned 5 MW Wind Turbine Machines in March 2010. By end of financial year 2010-11, the Company expanded its installed capacity of Power Steering Gears to 3 lac units per annum and Mechanical Steering Gears to 2 lac units per annum at its existing factory at Vadu Budruk. The Company made substantial investment in the JV Company, ZF Lenksysteme India Private Limited. In February, 2012, additional capital, was raised by the JV Company and consequently, the paid-up capital of the JV Company stood at Rs. 819 million and Company held 26% of the total paid up capital of the JV Company. The JV Company set up its manufacturing plant at Village Phulgaon, Pune, to establish its manufacturing operations in steering systems and as a result, the said plant was inaugurated on April 26, 2012. A 5 MW Solar Power Project was commissioned in Patan District of Gujarat, which became operational in 2012-13. During the year 2014, there was a change in the Shareholding/ Ownership pattern of ZF Lenksysteme, GmbH' (ZFLS), the foreign-promoter of Company. Previously, entire share capital of ZFLS was held between ZF Friedrichshafen AG and Robert Bosch GmbH in the ratio of 50:50. In January 2015, Robert Bosch GmbH agreed to buy the shares held by ZF Friedrichshafen AG in ZFLS and became 100% owner of ZFLS. Consequent upon this change, name of ZFLS was changed to Robert Bosch Automotive Steering GmbH'. During year 2017-18, the Company commissioned rooftop solar project situated at Vadu Budruk plant. In April, 2022, the Company had incorporated two Wholly-Owned Subsidiaries, DriveSys Systems Private Limited and NexSteer Systems Private Limited.

Z F Steering Gear (India) Ltd Directors Reports

Z F Steering Gear (India) Ltd Company Background

Dinesh MunotUtkarsh Munot
Incorporation Year1981
Registered OfficeGat No 1242 & 1244,Vadu Budruk Shirur Taluka
Pune,Maharashtra-412216
Telephone91-2137-305100,Managing Director
Fax91-2137-305302
Company Secretary
AuditorJoshi Apte & Co
Face Value10
Market Lot1
ListingBSE,
RegistrarLink Intime India Pvt Ltd
BNo 202 Akshay Compl,Off Dhole Patil Road,Near Ganesh Mandir ,Pune-411001
C-101 247 Park,L B S Marg,Vikhroli West,Mumbai-400083

Z F Steering Gear (India) Ltd Company Management

Director NameDirector DesignationYear
Dinesh MunotChairman & Wholetime Director2023
Utkarsh MunotManaging Director2023
Manish MotwaniIndependent Non Exe. Director2023
Shridhar S KalmadiIndependent Non Exe. Director2023
S A GundechaIndependent Non Exe. Director2023
Adit Madhusudan RathiIndependent Non Exe. Director2023
Smita A LahotiIndependent Non Exe. Director2023

Z F Steering Gear (India) Ltd Listing Information

Z F Steering Gear (India) Ltd Finished Product

Product NameUnit Installed
Capacity		 Production
Quantity		Sales
Quantity		Sales
Value
Auto componentsNA000274.84
Sale of Solar PowerNA0008.91
Wind PowerNA0001.76
Scrap salesNA0000.77
Revenue from Rendering ServiceNA0000.29
Sale of ProductsNA0000
UnspecifiedNA0000
Income from JobworkNA0000
RoyaltyNA0000
Excise DutyNA0000
Spares/acces. for Mechani. SteNo0000
Spares/accesso. for HydraulicNo0000
Gears-Hydraulic Power SteeringNo0000
Gears-Mechanical SteeringNo0000

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