ZFSTEERING share price, P/E, ROE & financials

ZF Steering Gear (India) (ZFSTEERING) had a P/E of 34.5× on 6 Nov 2026, above the industry P/E of 25.6×, and the shares are 16% below their 52-week high. Sales grew 8.3% a year over 3 years while net profit fell 14%; its ROCE of 7.0% is the lowest among the 7 largest Auto Parts peers. Debt is 0.22× equity. It is a small-cap company with a market cap of ₹681 Cr, ranked 83rd of 140 Auto Parts companies by market cap; the shares fell 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹776.00
Day high: ₹785.70
Day low: ₹735.00
Prev. close: ₹785.70
Volume: 3.6K

Health check

1 fair · 5 to check

ReturnsBehind
−10.6% over a year, better than 2 of 7 peers.
Price tagPricier
P/E 34.5 vs industry 25.6.
GrowthSlow
Sales +8.3%, profit −14.4% a year over 3 years.
ProfitabilityWeak
ROCE 7.0% vs peer median 15.6%.
Balance sheetFair
Debt 0.22× equity, interest covered 4.6×, Piotroski 7 of 9.
Red flags1 to check
Return on equity is low at 3.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Parts

139 listed peers. Screen the industry

Small cap

₹681 Cr, #83 of 140 in its industry by size.

Defensive

Beta 0.48 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹581 Cr · profit ₹20 Cr

Market cap: ₹681 Cr; Small cap
P/E: 34.5; Industry 25.6
Price to book: 1.42; Peers 8.75
Dividend yield: 0.00%
ROE: 3.2%; Peers 12.3%
ROCE: 7.0%; Peers 15.6%
Debt to equity: 0.22; Debt ₹106 Cr
EPS (TTM): ₹21.80; Face value ₹10
OPM (TTM): 12.1%; Net margin 3.4%
Sales growth: +7.6%; Latest quarter vs a year ago
Profit growth: +55.2%; Latest quarter vs a year ago
Price to sales: 1.17; EV/EBITDA 11.0

Strengths

Quarterly profit up 55.2% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 3.2%.

Derived automatically from reported figures. Not a recommendation.

About ZF Steering Gear (India)

ZF Steering Gear (India) Limited engages in the production and assembly of steering systems for vehicles, buses, and tractors in India and internationally. It operates in two segments, Auto Component and Renewable Energy. The company offers ball and nut integral hydraulic power steering gears for heavy commercial vehicles, integral hydraulic power steering gears for medium and light commercial vehicles, power steering gears for SUVs and off-road vehicles,…

Headquarters: Pune
Sector: Consumer Cyclical
ISIN: INE116C01012
Website: zfindia.com

Price range

52 weeks

₹602.60₹894.98

Today

₹735.00₹785.70

Avg volume (3M): 6.6K
1-year return: minus 10.6%
From 52-week high: minus 16.1%

Peers · Auto Parts

Compare with peers Screen the whole industry

Company
MOTHERSONSamvardhana Motherson International	158.55	minus 5.62%	1,68,549	35.4	3.70	11.5%	10.2%	9.6%	17.1%	37.2%	0.32%	plus 60.8%
BOSCHLTDBosch	50,700.00	minus 3.38%	1,49,545	54.2	19.50	24.2%	19.4%	13.4%	10.3%	24.8%	0.53%	plus 38.6%
UNOMINDAUNO Minda	1,326.00	minus 0.67%	76,572	58.1	11.21	20.5%	19.1%	11.0%	20.5%	22.3%	0.22%	plus 6.6%
SONACOMSSona BLW Precision Forgings	900.00	minus 1.67%	56,266	75.0	8.75	13.2%	11.9%	23.2%	18.8%	17.4%	0.40%	plus 89.2%
SCHAEFFLERSchaeffler India	3,519.70	minus 1.17%	55,014	41.9	8.97	25.7%	20.2%	17.9%	12.3%	9.4%	0.99%	minus 13.9%
MRFMRF	1,25,295.00	minus 0.50%	53,139	22.0	2.53	15.6%	12.3%	15.1%	10.6%	46.7%	0.19%	minus 20.3%
BALKRISINDBalkrishna Industries	2,410.00	plus 0.34%	46,589	32.7	4.25	13.8%	11.6%	21.1%	3.6%	5.5%	0.71%	plus 1.6%
ZFSTEERINGZF Steering Gear (India)	751.10	minus 4.40%	681	34.5	1.42	7.0%	3.2%	12.1%	8.3%	−14.4%	0.00%	minus 10.6%
Median of 7 peers	–	−1.17%	56,266	41.9	8.75	15.6%	12.3%	15.1%	12.3%	22.3%	0.40%	6.6%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
133	121	143	174	143
115	108	120	153	130
18.1	12.4	23.6	20.9	13.3
13.6%	10.3%	16.4%	12.0%	9.3%
5.4	1	2.1	1.4	14.8
2.1	1.7	1.9	2.3	2.1
10.7	11.5	11.9	13.2	10.4
–	–	−0.6	−0	–
10.8	0.1	11.2	6.7	15.7
33.6%	1600.0%	35.1%	113.3%	27.2%
8	−0.4	7.8	−0	12.4
8.78	-0.43	8.64	-0.04	13.63

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +8.3%
Profit CAGR 3Y: −14.4%
EPS CAGR 3Y: −14.4%
ROE: 3.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
448	476	492	568
–	+6.4%	+3.2%	+15.6%
384	424	434	484
63.1	52.3	58	84.2
14.1%	11.0%	11.8%	14.8%
1.8	11.2	2.9	2.5
0.6	1	6.5	8
32.2	33.7	42.8	47.3
4.2	23.1	13	−2.6
36.3	51.9	24.5	28.8
32.4%	15.8%	48.6%	58.1%
24.5	43.7	14.9	15.4
–	+78.0%	minus 65.9%	+3.2%
27.05	48.15	16.44	16.96

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
9.1	9.1	9.1	9.1
410	449	457	472
43.3	76.8	100	106
49.7	59.1	69.8	84.8
512	594	636	673
169	238	262	331
14.4	36	19.8	104
147	134	156	135
0.4	16.9	5.2	9.2
180	169	193	92.3
512	594	636	673

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
48.9	34.9	39.6	98.2
−62.6	−52.2	−64.4	−88.7
11.7	28.6	14.3	−5.5
−2	11.2	−10.5	4
−39.7	−94.2	−59	−110
9.2	−59.3	−19.4	−11.6
–	−4.8	−7.2	−0.1

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you