Nifty

:

8083.80

Sensex

:

28897.34

0.00 (0.00%)
1306.39 (4.73%)

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Nifty
Sensex

:
:

8083.80
28897.34

0.00 (0.00%)
1306.39 (4.73%)

ZF Steering Gear (India) Ltd.

Auto Ancillary

Rating :

38/99

BSE: 505163 | NSE: ZFSTEERING

Watchlist

NSE BSE

223.30

03-Apr-2020

Open
High
Low
Previous Close

230.00
230.00
217.00
232.50

Volume
Traded Value (lacs)
52 Week High
52 Week Low

44
1.89
779.70
199.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

202.61
N/A
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

242.23
N/A
0.54

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

7.35
5.87
3.29

EBITDA CAGR (%)

10 Years
5 Years
3 Years

5.62
5.34
-1.71

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
-

P:E (Median)

8 Years
5 Years
3 Years

22.37
24.47
14.80

P:BV (Average)

8 Years
5 Years
3 Years

0.69
0.69
0.69

EV:EBITDA (Average)

8 Years
5 Years
3 Years

3.68
2.67
-6.19

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var% Mar 19 Mar 18 Var%
Net Sales 63.86 109.15 -41.49% 66.89 108.85 -38.55% 96.06 114.65 -16.21% 106.77 117.70 -9.29%
Expenses 54.28 89.15 -39.11% 128.02 91.24 40.31% 80.91 91.73 -11.80% 91.09 92.55 -1.58%
EBITDA 9.58 20.00 -52.10% -61.13 17.61 - 15.16 22.92 -33.86% 15.69 25.15 -37.61%
EBIDTM 15.01% 18.32% -91.39% 16.18% 15.78% 19.99% 14.69% 21.37%
Other Income 0.59 1.68 -64.88% 1.94 1.52 27.63% 0.67 3.47 -80.69% 3.22 0.24 1,241.67%
Interest 0.28 0.50 -44.00% 0.29 0.45 -35.56% 0.21 0.52 -59.62% 0.47 0.93 -49.46%
Depreciation 8.66 8.53 1.52% 6.92 7.27 -4.81% 6.63 6.65 -0.30% 8.59 8.71 -1.38%
PBT 1.23 12.65 -90.28% 0.45 11.40 -96.05% 8.99 19.22 -53.23% -57.00 15.75 -
Tax 2.36 3.73 -36.73% 1.26 2.73 -53.85% 0.42 1.80 -76.67% -20.68 0.93 -
PAT -1.13 8.92 - -0.80 8.67 - 8.56 17.41 -50.83% -36.31 14.82 -
PATM -1.76% 8.18% -1.20% 7.97% 8.91% 15.19% -34.01% 12.59%
EPS -1.24 9.84 - -0.89 9.56 - 9.44 19.19 -50.81% -40.03 16.33 -

Description Dec 19 Dec 18 Var% Sep 19 Sep 18 Var% Jun 19 Jun 18 Var% Mar 19 Mar 18 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 333.58 439.42 424.55 398.81 381.31 330.45 291.10 312.89 352.21 298.23 216.12 Net Sales Growth -25.93% 3.50% 6.45% 4.59% 15.39% 13.52% -6.96% -11.16% 18.10% 37.99% Cost Of Goods Sold 210.41 268.55 246.28 231.38 222.20 205.05 175.60 189.45 222.89 186.03 132.35 Gross Profit 123.17 170.88 178.27 167.42 159.11 125.41 115.50 123.44 129.32 112.19 83.78 GP Margin 36.92% 38.89% 41.99% 41.98% 41.73% 37.95% 39.68% 39.45% 36.72% 37.62% 38.77% Total Expenditure 354.30 364.26 336.32 316.89 302.84 272.50 232.19 248.67 283.99 234.74 172.62 Power & Fuel Cost - 9.04 10.69 7.90 8.54 5.26 1.45 2.60 1.83 3.64 4.19 % Of Sales - 2.06% 2.52% 1.98% 2.24% 1.59% 0.50% 0.83% 0.52% 1.22% 1.94% Employee Cost - 51.48 49.19 45.16 42.72 36.08 31.23 32.22 30.55 22.82 13.41 % Of Sales - 11.72% 11.59% 11.32% 11.20% 10.92% 10.73% 10.30% 8.67% 7.65% 6.20% Manufacturing Exp. - 15.61 13.21 15.80 15.20 14.79 14.05 14.04 14.11 10.89 12.81 % Of Sales - 3.55% 3.11% 3.96% 3.99% 4.48% 4.83% 4.49% 4.01% 3.65% 5.93% General & Admin Exp. - 1.17 0.98 1.09 0.56 0.51 0.55 0.46 0.87 0.64 5.62 % Of Sales - 0.27% 0.23% 0.27% 0.15% 0.15% 0.19% 0.15% 0.25% 0.21% 2.60% Selling & Distn. Exp. - 5.63 6.29 6.78 6.01 4.58 3.55 4.26 6.09 4.61 2.05 % Of Sales - 1.28% 1.48% 1.70% 1.58% 1.39% 1.22% 1.36% 1.73% 1.55% 0.95% Miscellaneous Exp. - 12.78 9.67 8.78 7.59 6.24 5.75 5.64 7.66 6.10 2.05 % Of Sales - 2.91% 2.28% 2.20% 1.99% 1.89% 1.98% 1.80% 2.17% 2.05% 1.02% EBITDA -20.70 75.16 88.23 81.92 78.47 57.95 58.91 64.22 68.22 63.49 43.50 EBITDA Margin -6.21% 17.10% 20.78% 20.54% 20.58% 17.54% 20.24% 20.52% 19.37% 21.29% 20.13% Other Income 6.42 10.93 9.67 11.60 6.29 9.11 7.69 11.56 7.52 9.86 5.86 Interest 1.25 1.94 3.22 2.49 1.77 0.85 0.69 3.64 1.18 0.25 0.45 Depreciation 30.80 31.03 33.30 27.85 24.74 23.45 21.04 23.14 16.88 14.87 7.61 PBT -46.33 53.13 61.37 63.19 58.26 42.76 44.87 49.00 57.67 58.23 41.30 Tax -16.64 -12.42 14.31 13.47 13.20 7.20 30.77 23.38 21.65 17.32 13.07 Tax Rate 35.92% 90.52% 23.32% 21.32% 22.66% 16.84% 68.58% 47.71% 31.79% 29.74% 31.65% PAT -29.68 -1.31 47.07 49.72 45.06 35.56 14.10 25.62 46.46 40.91 28.23 PAT before Minority Interest -29.68 -1.31 47.07 49.72 45.06 35.56 14.10 25.62 46.46 40.91 28.23 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin -8.90% -0.30% 11.09% 12.47% 11.82% 10.76% 4.84% 8.19% 13.19% 13.72% 13.06% PAT Growth -159.57% - -5.33% 10.34% 26.72% 152.20% -44.96% -44.86% 13.57% 44.92% Unadjusted EPS -32.72 -1.44 51.87 54.79 49.67 39.20 15.55 28.25 51.21 45.09 31.59

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Net Sales - 439.42 424.55 398.81 423.98 351.28 Net Sales Growth - 3.50% 6.45% -5.94% 20.70% Cost Of Goods Sold - 268.55 246.28 231.38 267.12 227.15 Gross Profit - 170.88 178.27 167.42 156.87 124.13 GP Margin - 38.89% 41.99% 41.98% 37.00% 35.34% Total Expenditure - 364.26 336.32 316.89 359.97 305.09 Power & Fuel Cost - 9.04 10.69 7.90 8.78 8.62 % Of Sales - 2.06% 2.52% 1.98% 2.07% 2.45% Employee Cost - 51.48 49.19 45.16 46.64 39.35 % Of Sales - 11.72% 11.59% 11.32% 11.00% 11.20% Manufacturing Exp. - 15.61 13.21 15.80 16.15 12.82 % Of Sales - 3.55% 3.11% 3.96% 3.81% 3.65% General & Admin Exp. - 1.17 0.98 1.09 2.39 2.23 % Of Sales - 0.27% 0.23% 0.27% 0.56% 0.63% Selling & Distn. Exp. - 5.63 6.29 6.78 6.25 4.76 % Of Sales - 1.28% 1.48% 1.70% 1.47% 1.36% Miscellaneous Exp. - 12.78 9.67 8.78 12.65 10.16 % Of Sales - 2.91% 2.28% 2.20% 2.98% 2.89% EBITDA - 75.16 88.23 81.92 64.01 46.19 EBITDA Margin - 17.10% 20.78% 20.54% 15.10% 13.15% Other Income - 10.93 9.67 11.60 6.20 9.97 Interest - 1.94 3.22 2.49 1.77 0.85 Depreciation - 31.03 33.30 27.85 30.59 27.38 PBT - 53.13 61.37 63.19 37.86 27.93 Tax - -12.42 14.31 13.47 12.48 7.26 Tax Rate - -23.38% 23.32% 21.32% 32.96% 25.99% PAT - 65.54 47.07 49.72 25.37 20.67 PAT before Minority Interest - 65.54 47.07 49.72 25.37 20.67 Minority Interest - 0.00 0.00 0.00 0.00 0.00 PAT Margin - 14.92% 11.09% 12.47% 5.98% 5.88% PAT Growth - 39.24% -5.33% 95.98% 22.74% Unadjusted EPS - 48.35 47.65 34.51 27.97 22.78

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 368.21 378.62 338.56 279.56 248.15 225.63 218.95 201.82 165.91 135.57 Share Capital 9.07 9.07 9.07 9.07 9.07 9.07 9.07 9.07 9.07 9.07 Total Reserves 359.14 369.54 329.49 270.49 239.07 216.55 209.88 192.75 156.84 126.49 Non-Current Liabilities 11.31 34.86 35.27 12.89 17.93 22.02 25.90 57.80 22.75 28.18 Secured Loans 18.96 11.16 10.13 0.00 0.00 0.00 0.00 31.23 0.00 8.26 Unsecured Loans 1.98 3.48 5.64 7.94 10.10 12.45 14.58 16.41 17.63 20.14 Long Term Provisions 15.76 19.54 16.55 2.23 2.01 1.67 1.50 1.12 3.51 0.00 Current Liabilities 95.95 113.81 104.82 82.87 70.11 61.96 62.73 70.52 42.85 30.58 Trade Payables 40.54 50.99 44.55 39.78 39.30 39.89 36.12 25.08 20.89 20.84 Other Current Liabilities 39.38 19.29 13.71 13.10 6.30 11.92 12.20 17.22 3.38 0.34 Short Term Borrowings 13.27 42.00 40.97 24.61 10.13 0.21 2.44 16.97 11.73 0.00 Short Term Provisions 2.77 1.52 5.59 5.38 14.38 9.94 11.97 11.25 6.85 9.40 Total Liabilities 475.47 527.29 478.65 375.32 336.19 309.61 307.58 330.14 231.51 194.33 Net Block 110.94 104.97 119.96 105.82 100.52 95.99 99.14 120.95 53.66 50.36 Gross Block 202.16 165.99 147.76 297.52 271.00 242.05 227.55 235.96 156.31 139.40 Accumulated Depreciation 91.21 61.02 27.80 191.71 170.49 146.06 128.41 115.01 102.65 89.05 Non Current Assets 338.88 375.24 345.29 284.60 248.92 216.71 202.59 237.85 151.84 142.12 Capital Work in Progress 26.29 0.70 0.32 0.66 0.57 4.50 5.61 0.26 3.44 1.39 Non Current Investment 151.73 231.70 190.74 164.58 137.35 99.45 85.83 108.38 73.58 90.37 Long Term Loans & Adv. 40.01 27.55 23.53 13.55 10.48 16.75 11.99 8.24 21.09 0.00 Other Non Current Assets 9.92 10.33 10.74 0.00 0.00 0.02 0.02 0.02 0.06 0.00 Current Assets 136.59 152.04 133.37 90.72 87.26 92.89 104.99 92.30 79.68 52.21 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 4.96 0.00 0.00 0.00 Inventories 40.27 39.70 39.12 23.17 24.84 26.01 25.90 26.90 30.99 21.05 Sundry Debtors 77.23 92.27 76.22 55.44 52.35 47.38 37.92 36.11 31.21 21.33 Cash & Bank 6.09 4.70 1.65 1.78 2.91 13.75 29.30 21.40 11.22 3.83 Other Current Assets 13.00 13.88 11.91 6.37 7.16 5.75 6.92 7.89 6.26 5.99 Short Term Loans & Adv. 2.26 1.49 4.46 3.95 3.53 3.48 5.79 7.37 5.80 5.99 Net Current Assets 40.64 38.23 28.55 7.85 17.16 30.93 42.26 21.78 36.83 21.62 Total Assets 475.47 527.28 478.66 375.32 336.18 309.60 307.58 330.15 231.52 194.33

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Shareholder's Funds 335.30 300.55 264.32 223.76 212.04 Share Capital 9.07 9.07 9.07 9.07 9.07 Total Reserves 326.23 291.47 255.25 214.69 202.96 Non-Current Liabilities 11.31 34.86 35.27 13.17 18.75 Secured Loans 18.96 11.16 10.13 0.00 0.00 Unsecured Loans 1.98 3.48 5.64 7.94 10.10 Long Term Provisions 15.76 19.54 16.55 2.51 2.12 Current Liabilities 95.95 113.81 104.82 100.22 86.69 Trade Payables 40.54 50.99 44.55 52.55 46.47 Other Current Liabilities 39.38 19.29 13.71 17.39 15.60 Short Term Borrowings 13.27 42.00 40.97 24.61 10.13 Short Term Provisions 2.77 1.52 5.59 5.66 14.49 Total Liabilities 442.56 449.22 404.41 337.15 317.48 Net Block 110.94 104.97 119.96 130.80 125.30 Gross Block 202.16 165.99 147.76 335.10 301.92 Accumulated Depreciation 91.21 61.02 27.80 204.30 176.61 Non Current Assets 305.97 297.17 271.05 217.69 191.66 Capital Work in Progress 26.29 0.70 0.32 7.25 4.32 Non Current Investment 118.82 153.63 116.50 59.41 49.86 Long Term Loans & Adv. 40.01 27.55 23.53 20.23 12.18 Other Non Current Assets 9.92 10.33 10.74 0.00 0.00 Current Assets 136.59 152.04 133.37 119.45 122.74 Current Investments 0.00 0.00 0.00 0.00 0.00 Inventories 40.27 39.70 39.12 29.40 32.92 Sundry Debtors 77.23 92.27 76.22 65.31 59.09 Cash & Bank 6.09 4.70 1.65 7.17 13.54 Other Current Assets 13.00 13.88 11.91 6.39 17.19 Short Term Loans & Adv. 2.26 1.49 4.46 11.18 12.76 Net Current Assets 40.64 38.23 28.55 19.24 36.05 Total Assets 442.56 449.21 404.42 337.14 317.48

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity 72.15 67.54 62.60 66.66 48.17 25.83 47.63 58.39 31.16 47.78 PBT 53.13 61.37 63.19 58.26 42.76 44.87 49.00 68.11 58.23 41.30 Adjustment 26.07 28.16 21.19 22.89 18.22 15.43 16.71 2.39 7.66 3.09 Changes in Working Capital 5.69 -6.21 -5.91 0.55 -3.43 -3.61 4.57 3.86 -19.19 14.51 Cash after chg. in Working capital 84.89 83.32 78.47 81.70 57.55 56.69 70.28 74.36 46.70 58.90 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -12.74 -15.78 -15.87 -15.04 -9.38 -30.86 -22.65 -15.96 -15.54 -11.12 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -42.02 -54.61 -46.96 -53.74 -57.26 -27.89 16.82 -71.63 -15.00 -55.28 Net Fixed Assets -61.76 -18.61 150.10 -26.61 -25.02 -13.39 3.06 -76.47 -18.96 -28.08 Net Investments 79.97 -40.96 -26.16 -27.23 -37.90 -8.66 17.59 -34.80 16.79 -30.40 Others -60.23 4.96 -170.90 0.10 5.66 -5.84 -3.83 39.64 -12.83 3.20 Cash from Financing Activity -28.72 -10.48 -15.70 -14.05 -1.75 -13.49 -56.55 23.41 -8.41 -5.62 Net Cash Inflow / Outflow 1.41 2.45 -0.06 -1.13 -10.84 -15.55 7.90 10.18 7.74 -13.13 Opening Cash & Equivalents 4.10 1.65 1.71 2.91 13.75 29.30 21.40 11.22 3.48 16.96 Closing Cash & Equivalent 5.51 4.10 1.65 1.78 2.91 13.75 29.30 21.40 11.22 3.83

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Cash From Operating Activity 72.15 67.54 62.60 50.94 48.17 PBT 53.13 61.37 63.19 37.86 42.76 Adjustment 26.07 28.16 21.19 28.48 18.22 Changes in Working Capital 5.69 -6.21 -5.91 -0.36 -3.43 Cash after chg. in Working capital 84.89 83.32 78.47 65.98 57.55 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -12.74 -15.78 -15.87 -15.04 -9.38 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -42.02 -54.61 -46.96 -43.25 -37.35 Net Fixed Assets -61.76 -18.61 150.10 -26.61 Net Investments 79.97 -40.96 -26.16 -27.23 Others -60.23 4.96 -170.90 10.59 Cash from Financing Activity -28.72 -10.48 -15.70 -14.05 -1.75 Net Cash Inflow / Outflow 1.41 2.45 -0.06 -6.36 9.06 Opening Cash & Equivalents 4.10 1.65 1.71 13.54 13.75 Closing Cash & Equivalent 5.51 4.10 1.65 7.17 22.81

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 405.83 417.30 373.15 308.12 273.50 248.68 241.32 222.45 182.86 149.41 ROA -0.26% 9.36% 11.64% 12.67% 11.01% 4.57% 8.03% 16.54% 19.21% 16.02% ROE -0.35% 13.13% 16.09% 17.08% 15.01% 6.34% 12.18% 25.27% 27.14% 22.45% ROCE -2.75% 15.32% 18.36% 20.52% 17.07% 19.06% 20.83% 29.85% 32.44% 27.58% Fixed Asset Turnover 2.39 2.78 2.01 1.50 1.44 1.39 1.51 1.98 2.22 1.86 Receivable days 70.40 70.59 53.78 45.99 49.17 47.83 38.63 31.66 29.16 28.66 Inventory Days 33.21 33.02 25.44 20.49 25.08 29.11 27.55 27.22 28.87 41.29 Payable days 43.44 49.29 45.91 45.13 49.92 56.11 41.99 28.66 31.33 32.35 Cash Conversion Cycle 60.17 54.32 33.31 21.35 24.33 20.83 24.19 30.21 26.70 37.60 Total Debt/Equity 0.12 0.17 0.18 0.12 0.09 0.07 0.09 0.33 0.19 0.21 Interest Cover -6.07 20.07 26.42 33.95 51.19 66.03 14.48 58.52 231.17 92.82

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15
Book Value (Rs.) 369.56 331.25 291.33 246.62 230.31 ROA 14.70% 11.03% 13.41% 7.75% 6.51% ROE 20.62% 16.66% 20.37% 11.73% 9.89% ROCE 14.78% 18.70% 22.44% 16.17% 12.43% Fixed Asset Turnover 2.39 2.78 1.85 1.49 1.30 Receivable days 70.40 70.59 57.81 47.75 54.85 Inventory Days 33.21 33.02 27.99 23.93 30.56 Payable days 43.44 49.29 52.86 48.13 52.73 Cash Conversion Cycle 60.17 54.32 32.93 23.55 32.68 Total Debt/Equity 0.14 0.21 0.24 0.16 0.11 Interest Cover 28.36 20.07 26.42 22.41 33.78

Top Investors:

ramesh hirachand munot

manish rameshchand munot huf

ashish rameshchand munot huf

Annual Reports:

News Update:

ZF Steering Gear starts commercial production at Pithampur Plant
21st Jan 2020, 16:33 PM

The company has commenced commercial production with effect from January 21, 2020
Read More
ZF Steering Gear (I) - Quarterly Results
18th Jan 2020, 12:00 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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