Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹273 (vs ₹243 in FY 2025) Full year 2026 results: EPS: ₹273 (up from ₹243 in FY 2025). Revenue: ₹43.0b (up 12% from FY 2025). Net income: ₹5.17b (up 12% from FY 2025). Profit margin: 12% (in line with FY 2025). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹73.90 (vs ₹66.15 in 3Q 2025) Third quarter 2026 results: EPS: ₹73.90 (up from ₹66.15 in 3Q 2025). Revenue: ₹10.7b (up 12% from 3Q 2025). Net income: ₹1.40b (up 12% from 3Q 2025). Profit margin: 13% (in line with 3Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹14,853, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 58% over the past three years. Reported Earnings • Nov 05
Second quarter 2026 earnings released: EPS: ₹57.08 (vs ₹57.53 in 2Q 2025) Second quarter 2026 results: EPS: ₹57.08 (down from ₹57.53 in 2Q 2025). Revenue: ₹9.58b (up 5.2% from 2Q 2025). Net income: ₹1.08b (flat on 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 01
Upcoming dividend of ₹19.00 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Managing Director Paramjit Chadha was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
Full year 2025 earnings released: EPS: ₹243 (vs ₹214 in FY 2024) Full year 2025 results: EPS: ₹243 (up from ₹214 in FY 2024). Revenue: ₹38.3b (flat on FY 2024). Net income: ₹4.61b (up 13% from FY 2024). Profit margin: 12% (up from 11% in FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 18
ZF Commercial Vehicle Control Systems India Limited to Report Q1, 2026 Results on Aug 12, 2025 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Anuncio • Jul 03
ZF Commercial Vehicle Control Systems India Appoints Paramjit Chadha as New Managing Director ZF Commercial Vehicle Control Systems India Limited appointed Paramjit Singh Chadha as its new Managing Director. Paramjit brings nearly 40 years of experience in the automotive industry, having worked with various leading companies. As a seasoned automobile engineer with a lifelong passion for cars, he started his career with Maruti Suzuki. His career spans across significant roles in the auto component sector, including positions at Kalyani Brakes, Bosch Chassis Systems, Continental Brakes, and Knorr-Bremse. Additionally, Paramjit has led projects focused on ESG, manufacturing excellence, and digitalization within the ADM Group. His expertise is particularly strong in safety-critical components, such as brake systems for various vehicle segments. He has held several leadership roles including being a Regional Head, SBU Head, Plant Head and ultimately the role of a Managing Director and President(O). Chadha's impressive track record includes successfully leading three greenfield projects and achieving exponential growth objectives. He has also contributed to industry development through his involvement with ACMA Centre for Excellence and the Indian Value Engineering Society (INVEST). Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹243 (vs ₹214 in FY 2024) Full year 2025 results: EPS: ₹243 (up from ₹214 in FY 2024). Revenue: ₹38.3b (flat on FY 2024). Net income: ₹4.61b (up 13% from FY 2024). Profit margin: 12% (up from 11% in FY 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Anuncio • May 02
ZF Commercial Vehicle Control Systems India Limited to Report Q4, 2025 Results on May 15, 2025 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q4, 2025 results on May 15, 2025 Anuncio • Mar 18
ZF Commercial Vehicle Control Systems India Limited Announces Resignation of Hariprasad Rayapalyam as Head - Legal ZF Commercial Vehicle Control Systems India Limited announced that Mr. Hariprasad Rayapalyam vide letter dated 19th December 2024(as enclosed in the intimation made on 19th December 2024) has resigned from the position of Vice President & Head - Legal to pursue further career opportunities outside of ZF Group. The Company has accepted his resignation, and he is being relieved from the Company from close of business hours on 18th March 2025. Price Target Changed • Feb 10
Price target decreased by 9.4% to ₹15,808 Down from ₹17,451, the current price target is an average from 5 analysts. New target price is 35% above last closing price of ₹11,744. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₹243 for next year compared to ₹214 last year. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹66.15 (vs ₹53.16 in 3Q 2024) Third quarter 2025 results: EPS: ₹66.15 (up from ₹53.16 in 3Q 2024). Revenue: ₹9.79b (up 9.0% from 3Q 2024). Net income: ₹1.25b (up 24% from 3Q 2024). Profit margin: 13% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 06
ZF Commercial Vehicle Control Systems India Limited Appoints Jose Raj as Head - Human Resource, Effective March 19, 2025 informed that the Board of Directors of ZF Commercial Vehicle Control Systems India Limited in its meeting held on 6th February 2025 has approved the appointment of Mr. Jose Raj as Head - Human Resource and Senior Management Personnel of the Company, with effect from 19th March 2025. Mr. Jose Raj has over 22 years of experience in HR, managing large workforces and multiple business units globally. He has served as an HR business partner in India, US, France, and Australia, and has held corporate leadership roles. His expertise includes talent attraction, performance and talent development, industrial relations, and compensation and benefits. He holds a master's degree in social work with a specialization in Personnel Management and Industrial Relations from Bosco Institute of Social Work at Sacred Heart College. He has held various positions at Worldline Global, Vestas Wind Technology India, Orano, Royal Enfield, Ford Motor Company, Sanmar Engineering Corporation, Motherson Group, and JTS Technology Limited. Anuncio • Dec 19
ZF Commercial Vehicle Control Systems India Limited Announces Resignation of Hariprasad Rayapalyam as Head-Legal, Effective March 19, 2025 ZF Commercial Vehicle Control Systems India Limited announced Mr. Hariprasad Rayapalyam vide letter dated December 19, 2024, tendered his resignation from the position of Vice President & Head - Legal to pursue further career opportunities outside of ZF Group. The company has accepted his resignation, and he would be relieved from the company from close of business hours on March 19, 2025. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹12,426, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 54% over the past three years. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹57.53 (vs ₹55.72 in 2Q 2024) Second quarter 2025 results: EPS: ₹57.53 (up from ₹55.72 in 2Q 2024). Revenue: ₹9.50b (down 4.2% from 2Q 2024). Net income: ₹1.09b (up 3.3% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Anuncio • Oct 25
ZF Commercial Vehicle Control Systems India Limited to Report Q2, 2025 Results on Nov 08, 2024 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Anuncio • Jul 13
ZF Commercial Vehicle Control Systems India Limited to Report Q1, 2025 Results on Jul 22, 2024 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q1, 2025 results on Jul 22, 2024 Upcoming Dividend • Jul 08
Upcoming dividend of ₹17.00 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 20 August 2024. Payout ratio is a comfortable 7.9% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%). Reported Earnings • Jul 05
Full year 2024 earnings released: EPS: ₹214 (vs ₹167 in FY 2023) Full year 2024 results: EPS: ₹214 (up from ₹167 in FY 2023). Revenue: ₹38.2b (up 11% from FY 2023). Net income: ₹4.06b (up 28% from FY 2023). Profit margin: 11% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 20
An undisclosed buyer acquired 7.5% stake in ZF Commercial Vehicle Control Systems India Limited (NSEI:ZFCVINDIA) from WABCO Asia Private Ltd. An undisclosed buyer acquired 7.5% stake in ZF Commercial Vehicle Control Systems India Limited (NSEI:ZFCVINDIA) from WABCO Asia Private Ltd on June 19, 2024. WABCO Asia sold 1.425 million shares in the transaction.An undisclosed buyer completed the acquisition of 7.5% stake in ZF Commercial Vehicle Control Systems India Limited (NSEI:ZFCVINDIA) from WABCO Asia Private Ltd on June 19, 2024. Anuncio • Jun 08
Promoter of ZF Commercial Reportedly Mulls Stake Sale Worth INR 15,000 Million Cashing on the benefit of peak multiples in the Indian equity market, promoters of ZF Commercial Vehicle Control Systems India Limited (NSEI:ZFCVINDIA) is looking to sell 4% - 5% stake in the India unit, according to multiple people aware of the development. Germany based ZF group (ZF Friedrichshafen AG) currently holds a 75% stake in the India unit. New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Declared Dividend • May 27
Dividend of ₹17.00 announced Shareholders will receive a dividend of ₹17.00. Ex-date: 15th July 2024 Payment date: 20th August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 0.6%. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹53.16 (vs ₹45.04 in 3Q 2023) Third quarter 2024 results: EPS: ₹53.16 (up from ₹45.04 in 3Q 2023). Revenue: ₹9.28b (up 5.9% from 3Q 2023). Net income: ₹1.01b (up 18% from 3Q 2023). Profit margin: 11% (up from 9.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Anuncio • Jan 17
ZF Commercial Vehicle Control Systems India Limited Announces CFO Changes ZF Commercial Vehicle Control Systems India Limited informed that Mr. R S Rajagopal Sastry has been relieved from the position of Chief Financial Officer (CFO) of the Company, with effect from the close of business hourson 16th January 2024. It may also be noted that as intimated on 27 October 2023 & 10 January 2024, Ms. Sweta Agarwal has been appointed as CFO of the Company with effect from 10 January 2024. Anuncio • Jan 10
ZF Commercial Vehicle Control Systems India Limited Appoints Sweta Agarwal as Chief Financial Officer ZF Commercial Vehicle Control Systems India Limited announced that Ms. Sweta Agarwal has joined, on 10th January, 2024 as "Chief Financial Officer" Key Managerial Personnel of the Company. Price Target Changed • Nov 01
Price target increased by 15% to ₹15,780 Up from ₹13,670, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹15,413. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹240 for next year compared to ₹167 last year. Reported Earnings • Oct 31
Second quarter 2024 earnings released: EPS: ₹55.72 (vs ₹36.19 in 2Q 2023) Second quarter 2024 results: EPS: ₹55.72 (up from ₹36.19 in 2Q 2023). Revenue: ₹9.92b (up 25% from 2Q 2023). Net income: ₹1.06b (up 54% from 2Q 2023). Profit margin: 11% (up from 8.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 48% per year. Anuncio • Oct 26
ZF Commercial Vehicle Control Systems India Limited Announces Resignation of R S Rajagopal Sastry as Chief Financial Officer ZF Commercial Vehicle Control Systems India Limited informed that Mr. R S Rajagopal Sastry, has tendered his resignation vide letter dated 24th October 2023, from the position of Chief Financial Officer and Key Managerial Personnel of the Company, owing to personal reasons. He will serve his notice period and will be relieved from his duties effective from the close of business hours of 16th January 2024. Anuncio • Oct 17
ZF Commercial Vehicle Control Systems India Limited to Report Q2, 2024 Results on Oct 27, 2023 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Anuncio • Jul 29
ZF Commercial Vehicle Control Systems India Limited Approves Dividend for the Financial Year Ended March 31, 2023 ZF Commercial Vehicle Control Systems India Limited at its AGM held on July 26, 2023, approved to declare dividend of INR 13/- per share for the year ended 31st March 2023 out of the profits for that year, payable to members as on the close of 7th July 2023. Anuncio • Jul 14
ZF Commercial Vehicle Control Systems India Limited to Report Q1, 2024 Results on Jul 27, 2023 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: ₹167 (vs ₹74.90 in FY 2022) Full year 2023 results: EPS: ₹167 (up from ₹74.90 in FY 2022). Revenue: ₹34.4b (up 35% from FY 2022). Net income: ₹3.18b (up 124% from FY 2022). Profit margin: 9.2% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 30
Upcoming dividend of ₹13.00 per share at 0.1% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.8%). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Mahesh Chhabria was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • May 25
ZF Commercial Vehicle Control Systems India Limited, Annual General Meeting, Jul 27, 2023 ZF Commercial Vehicle Control Systems India Limited, Annual General Meeting, Jul 27, 2023. Agenda: To consider Recommendation of Dividend for the year ended March 31, 2023. Reported Earnings • May 25
Full year 2023 earnings released: EPS: ₹167 (vs ₹74.90 in FY 2022) Full year 2023 results: EPS: ₹167 (up from ₹74.90 in FY 2022). Revenue: ₹35.1b (up 38% from FY 2022). Net income: ₹3.18b (up 124% from FY 2022). Profit margin: 9.0% (up from 5.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Anuncio • May 25
ZF Commercial Vehicle Control Systems India Limited Recommends Dividend for the Financial Year Ended March 31, 2023, Payable on or Before August 25, 2023 The Board of Directors of ZF Commercial Vehicle Control Systems India Limited at its meeting held on May 24, 2023 have recommended a dividend of INR 13/- per equity share of INR 5/- each for the financial year ended March 31, 2023 to the shareholders for approval. The said dividend, if approved at the forthcoming Annual General Meeting, shall be paid on or before August 25, 2023. Anuncio • May 13
ZF Commercial Vehicle Control Systems India Limited to Report Q4, 2023 Results on May 24, 2023 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q4, 2023 results on May 24, 2023 Anuncio • Jan 19
ZF Commercial Vehicle Control Systems India Limited to Report Q3, 2023 Results on Feb 01, 2023 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Price Target Changed • Nov 16
Price target increased to ₹11,079 Up from ₹10,154, the current price target is an average from 5 analysts. New target price is 16% above last closing price of ₹9,571. Stock is up 20% over the past year. The company posted earnings per share of ₹74.90 last year. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: ₹36.19 (vs ₹17.00 in 2Q 2022) Second quarter 2023 results: EPS: ₹36.19 (up from ₹17.00 in 2Q 2022). Revenue: ₹8.05b (up 31% from 2Q 2022). Net income: ₹686.4m (up 113% from 2Q 2022). Profit margin: 8.5% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Oct 22
ZF Commercial Vehicle Control Systems India Limited to Report Q2, 2023 Results on Nov 04, 2022 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q2, 2023 results on Nov 04, 2022 Price Target Changed • Sep 14
Price target increased to ₹10,154 Up from ₹9,267, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹9,971. Stock is up 36% over the past year. The company posted earnings per share of ₹74.90 last year. Anuncio • Jul 29
ZF Commercial Vehicle Control Systems India Limited Approves Dividend for the Year Ended 31 March 2021 ZF Commercial Vehicle Control Systems India Limited approved dividend of INR 12 per share for the year ended 31st March 2022 out of the profits for that year, payable to members as on close of 8 July 2022. Anuncio • Jul 16
ZF Commercial Vehicle Control Systems India Limited to Report Q1, 2023 Results on Jul 27, 2022 ZF Commercial Vehicle Control Systems India Limited announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Jul 07
Full year 2022 earnings released: EPS: ₹74.90 (vs ₹54.73 in FY 2021) Full year 2022 results: EPS: ₹74.90 (up from ₹54.73 in FY 2021). Revenue: ₹25.4b (up 37% from FY 2021). Net income: ₹1.42b (up 37% from FY 2021). Profit margin: 5.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 30
Upcoming dividend of ₹12.00 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.7%). Reported Earnings • May 22
Full year 2022 earnings released: EPS: ₹74.90 (vs ₹54.73 in FY 2021) Full year 2022 results: EPS: ₹74.90 (up from ₹54.73 in FY 2021). Revenue: ₹25.4b (up 37% from FY 2021). Net income: ₹1.42b (up 37% from FY 2021). Profit margin: 5.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased to ₹9,434 Up from ₹8,604, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹7,959. Stock is up 21% over the past year. The company posted earnings per share of ₹54.73 last year. Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹16.78 (down from ₹27.64 in 3Q 2021). Revenue: ₹6.62b (up 17% from 3Q 2021). Net income: ₹318.4m (down 39% from 3Q 2021). Profit margin: 4.8% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Price Target Changed • Dec 21
Price target increased to ₹8,604 Up from ₹7,934, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₹7,813. Stock is up 42% over the past year. The company posted earnings per share of ₹54.73 last year. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS ₹17.00 (vs ₹18.51 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹6.17b (up 47% from 2Q 2021). Net income: ₹322.5m (down 8.1% from 2Q 2021). Profit margin: 5.2% (down from 8.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 09
Upcoming dividend of ₹11.00 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 28 September 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.6%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS ₹11.27 (vs ₹16.54 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹5.04b (up 204% from 1Q 2021). Net income: ₹213.8m (up ₹527.5m from 1Q 2021). Profit margin: 4.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 21
Full year 2021 earnings released: EPS ₹54.73 (vs ₹83.73 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹18.6b (down 3.4% from FY 2020). Net income: ₹1.04b (down 35% from FY 2020). Profit margin: 5.6% (down from 8.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Anuncio • May 18
WABCO India Limited Recommends Dividend for the Financial Year Ended 31 March 2021, Payable on 28 August, 2021 The board of directors of WABCO India Limited have recommended a dividend of INR 11/- per share, for the financial year ended 31 March 2021 for approval of the shareholders of the Company at the upcoming annual general meeting. Upon approval by the shareholders the payment of the dividend will be made on 28 August, 2021 to the shareholders as the on record date that is 13 August 2021. Price Target Changed • Feb 15
Price target raised to ₹5,149 Up from ₹4,777, the current price target is provided by 1 analyst. The new target price is 16% below the current share price of ₹6,097. As of last close, the stock is down 11% over the past year. Is New 90 Day High Low • Feb 12
New 90-day high: ₹6,225 The company is up 29% from its price of ₹4,821 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 32% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS ₹27.64 (vs ₹20.40 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹5.74b (up 30% from 3Q 2020). Net income: ₹524.3m (up 36% from 3Q 2020). Profit margin: 9.1% (up from 8.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Anuncio • Jan 13
WABCO India Limited to Report Q3, 2021 Results on Feb 04, 2021 WABCO India Limited announced that they will report Q3, 2021 results on Feb 04, 2021 Price Target Changed • Nov 05
Price target raised to ₹5,199 Up from ₹4,662, the current price target is provided by 1 analyst. The new target price is 6.1% above the current share price of ₹4,901. As of last close, the stock is down 21% over the past year. Price Target Changed • Nov 02
Price target raised to ₹4,957 Up from ₹4,373, the current price target is provided by 1 analyst. The new target price is close to the current share price of ₹4,818. As of last close, the stock is down 21% over the past year. Is New 90 Day High Low • Oct 30
New 90-day low: ₹4,884 The company is down 30% from its price of ₹6,953 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. Reported Earnings • Oct 24
First half earnings released Over the last 12 months the company has reported total profits of ₹739.4m, down 63% from the prior year. Total revenue was ₹14.3b over the last 12 months, down 42% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day low: ₹5,490 The company is down 21% from its price of ₹6,925 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. Anuncio • Sep 24
WABCO India Limited to Report Q2, 2021 Results on Oct 23, 2020 WABCO India Limited announced that they will report Q2, 2021 results on Oct 23, 2020 Anuncio • Sep 23
WABCO India Limited Announces Appointment of Alexander De Bock as Additional Director WABCO India Limited announced that based on the recomniendation of the Nomination and Remuneration committee, it has appointed Alexander De Bock as an Additional Direct or of the company with effect from September 22, 2020. Prior to joining WABCO in 2004, he was a member of the audit practice of Arthur Andersen in Brussels Belgium from 1999 till 2003. Alexander De Bock was appointed as the Senior Vice President Finance for the Commercial Vehicle Control Systems Division of the ZF Group (former WABCO) on June 1, 2020. Anuncio • Sep 12
WABCO India Limited to Report Q1, 2021 Results on Aug 12, 2020 WABCO India Limited announced that they will report Q1, 2021 results on Aug 12, 2020 Anuncio • Sep 11
ZF Friedrichshafen AG completed the acquisition of 18.11% stake in WABCO India Limited (NSEI:WABCOINDIA) for INR 24.3 billion. ZF Friedrichshafen AG made an offer to acquire 25% stake in WABCO India Limited (NSEI:WABCOINDIA) for INR 33.5 billion on April 2, 2019. ZF Friedrichshafen AG made the offer to acquire 4.74 million shares at INR 7067.51 per share. The transaction is not conditional upon any minimum level of acceptance. The completion of the offer is subject to the receipt of certain statutory approvals and the satisfaction of other conditions. As of June 27, 2019, shareholders of WABCO has approved the transaction. As per announcement of March 25, 2020, WABCO Holdings Inc. and ZF Friedrichshafen AG have received all approvals from regulatory authorities required to close their merger, with the exception of the Chinese State Administration for Market Regulation. As of June 2, 2020, the Competition Commission of India approved the transaction and no further statutory approvals are now required for the transaction. However, in case any additional statutory approvals are required at a later date, the offer shall be subject to such approvals. The approvals from financial institutions or banks are not required for the transaction. The transaction is expected to close in second quarter of 2020. As of June 2, 2020, the offer will run from July 17, 2020 to July 30, 2020. As of August 6, 2020, the offer will commence from August 13, 2020 and will close on August 26, 2020.
Sumeet Deshpande of Link Intime India Pvt. Ltd. acted as registrar for WABCO India. Nitin Maheshwari and Nilay Bang of J.P. Morgan India Private Limited acted as financial advisor to ZF Friedrichshafen AG. Stefan Widder of Latham & Watkins acted as legal advisor to ZF Friedrichshafen AG.
ZF Friedrichshafen AG completed the acquisition of 18.11% stake in WABCO India Limited (NSEI:WABCOINDIA) for INR 24.3 billion on August 26, 2020. ZF Friedrichshafen acquired 3.43 million shares of WABCO India as a part of the transaction. The consideration will be settled on September 3, 2020. Approximately 6.89% stake of WABCO India will be retained by public shareholders.