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India
As of 18 Sept 2026, 03:30 pm
ZF Commercial Vehicle Control Systems India Limited has reported changes in its key management personnel. Mr. Rakesh Mishra was appointed as the Chief Financial Officer effective September 1, 2026. Additionally, Mr. Ponraj Pandian resigned from his position as 'Other' effective September 15, 2026, and there was a general notification regarding 'Change in Directors/KMP/SMP/Auditor/RTA' on September 15, 2026.
As of September 18, 2026, ZF Commercial Vehicle Control Systems India has shown mixed returns across different timeframes. The stock has a 1-year return of 6% and a 6-month return of 4%. However, it has experienced negative returns over shorter periods, including a -2% return in the last month, -8% in the last 3 months, and -3% year-to-date. Longer-term returns also show a decline, with a -5% return over 10 years and -6% over 5 years, though the return since inception is 20%.
On a daily basis, technical indicators suggest a bearish trend, with the Super Trend indicator at 2618.88 and the closing price of ₹2387.0 being below the 20-day and 50-day Exponential Moving Averages (EMAs) of 2512.49 and 2511.86, respectively. The Average Directional Index (ADX) at 24.58 indicates some trend strength. However, on a weekly basis, the Super Trend is at 2243.39, suggesting a bullish trend, with the closing price above the 20-day and 50-day Simple Moving Averages (SMAs) of 2487.83 and 2406.67. The monthly trend also shows a bearish Super Trend at 3093.27 and a high ADX of 69.38, indicating a strong trend.
As of September 18, 2026, the nearest identified resistance levels for ZF Commercial Vehicle Control Systems India are at ₹2403.27 (0.68% higher), ₹2424.23 (1.56% higher), ₹2455.97 (2.89% higher), and ₹2476.93 (3.77% higher). The nearest support levels are at ₹2371.53 (-0.65% lower), ₹2221.48 (-6.93% lower), ₹2156.44 (-9.66% lower), and ₹2146.38 (-10.08% lower).
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Primary driver: Price swings are higher than typical
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹1,066.18 crore | PEAK₹1,155.23 crore | ₹1,074.91 crore | ₹913.24 crore | ₹975.56 crore |
| Expenses | ₹961.75 crore | PEAK₹1,000.23 crore | ₹910.51 crore | ₹812.34 crore | ₹878 crore |
| Profit Before Tax | ₹140.05 crore | PEAK₹196.58 crore | ₹186.52 crore | ₹145.87 crore | ₹164.15 crore |
| Profit Loss For Period | ₹104.48 crore | PEAK₹146.32 crore | ₹140.17 crore | ₹108.28 crore | ₹122.38 crore |
| Finance Costs | ₹1.20 crore | ₹1.01 crore | PEAK₹1.78 crore | ₹1.24 crore | ₹1.31 crore |
| Tax Expense | ₹35.57 crore | PEAK₹50.26 crore | ₹46.34 crore | ₹37.60 crore | ₹41.78 crore |
The sequential decline in revenue and profit was more pronounced than the year-over-year changes. Revenue fell 7.71% from the preceding quarter, while profit before tax dropped 28.76%. The expense decline of 3.85% was smaller than the revenue decline, and profit before tax fell sharply. In contrast, the year-over-year comparison shows revenue growth accompanied by a profit decline, as the expense increase (9.54%) outpaced the revenue increase (9.29%).
The quarter saw revenue grow year-on-year, but profit before tax declined as expense growth outpaced revenue growth. The sequential performance was weaker, with a sharper drop in revenue and a smaller reduction in expenses, leading to a significant fall in profit. The interplay of revenue, other income, and expenses determined the quarter's profitability.
Exchange disclosures and regulatory announcements for ZF Commercial Vehicle Control Systems India.
ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed
ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding Resignation of Mr. Ponraj Pandian as Other of the company w.e.f. September 15, 2026. |SUBJECT: Resignation
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding Appointment of Mr Rakesh Mishra as Chief Financial Officer of the company w.e.f. September 01, 2026. |SUBJECT: Appointment
AS ON DATE : 25-Jun-2026 | PR_AND_PRGRP: 60 | PUBLIC_VAL: 40 | EMPTR: 0 | NDS_REVISED_STATUS: Revised | SUBMISSION_DT: 03-Jul-2026 | REVISION_DT: 07-Jul-2026
Recent market and company developments associated with ZF Commercial Vehicle Control Systems India.
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Comprehensive Section Breakdown for ZF Commercial Vehicle Control Systems India
Strategic Vision: Manufactures advanced braking and air-assisted systems for commercial vehicles.
• Part of the ZF Group Commercial Vehicle Solutions Division
• Operates five manufacturing facilities
• Possesses an advanced technology development center
• Maintains a vehicle testing facility
• Has a nationwide aftermarket distribution and services network
In the first quarter of FY2026-27, ZF Commercial Vehicle Control Systems India Ltd. reported revenue from operations of ₹1,066.18 crore, a 9.29% increase from the same quarter last year. However, profit before tax fell 14.68% year-on-year to ₹140.05 crore, and declined 28.76% compared to the preceding quarter. The profit before tax margin contracted as total expenses grew faster than revenue, and the company's results also included other income of ₹35.63 crore. On a sequential basis, revenue dropped 7.71% while expenses declined by a smaller 3.85%, leading to a sharper fall in profit.
Revenue rose from ₹975.56 crore in Q1 FY2025-26 to ₹1,066.18 crore in the current quarter, a gain of ₹90.62 crore (9.29%). Over the same period, total expenses increased from ₹878.00 crore to ₹961.75 crore, a rise of ₹83.75 crore (9.54%). The expense growth rate of 9.54% was slightly higher than the revenue growth rate, indicating that the cost base expanded more quickly than the top line.
Sequentially, revenue declined from ₹1,155.23 crore in Q4 FY2025-26 to ₹1,066.18 crore, a drop of ₹89.06 crore (7.71%). Expenses fell from ₹1,000.23 crore to ₹961.75 crore, a decline of ₹38.48 crore (3.85%). The expense reduction was proportionally smaller than the revenue decline, meaning that a portion of costs did not adjust downward in line with the lower revenue level.
Profit before tax for Q1 FY2026-27 was ₹140.05 crore, compared to ₹164.15 crore in the same quarter last year and ₹196.58 crore in the preceding quarter. The profit before tax margin (as a percentage of revenue from operations) fell from 16.83% in Q1 FY2025-26 to 13.14% in the current quarter, a contraction of 3.69 percentage points.
Net profit after tax was ₹104.48 crore, down from ₹122.38 crore year-on-year and from ₹146.32 crore sequentially. The net profit margin narrowed from 12.55% to 9.80% over the same annual comparison.
Finance costs remained negligible at ₹1.20 crore, and the effective tax rate was stable at approximately 25.4% in both Q1 FY2025-26 and Q1 FY2026-27. The profit before tax margin contraction reflected the combined effect of revenue, other income of ₹35.63 crore, and expenses. Total income (revenue plus other income) stood at ₹1,101.81 crore, while total expenses were ₹961.75 crore, resulting in the reported profit before tax.
Category: Manufacturing
The company manufactures advanced braking systems, conventional braking products, and air-assisted technologies and systems for commercial vehicles.
Category: B2B Services
Provides software development and other services tailored to the needs of the commercial vehicle industry.
Core Thesis: The company delivers solutions across Autonomous, Connected, and Electric (ACE) domains to enable accident-free driving and greener transportation.
• Manufacturing Excellence: Leverages five manufacturing facilities to produce advanced braking systems and related technologies for commercial vehicles. • Technology Development: Operates an advanced technology development center to drive innovation in the commercial vehicle sector. • Aftermarket Support: Maintains a nationwide aftermarket distribution and services network to support customers. • Subsidiary Operations: A wholly-owned subsidiary focuses on manufacturing and trading auto ancillary parts for domestic and export markets.