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Z F Steering Gear (India) Ltd share Price

Company details

6M Return 62.17%
1Y Return 39.35%
Mkt Cap.(Cr) 685.87
Volume 1,825
Div Yield 0.67%
OI Chg %
Volume 1,825

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Z F Steering Gear (India) Ltd Stocks COMPARISION


Equity Capital: 418.68 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Z F Steering Gear (India) Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

Registered Address

Gat No 1242 & 1244, Vadu Budruk Shirur Taluka, Pune, Maharashtra, 412216

Tel : 91-2137-305100
Email : enquiry:zfindia.com
Website : http://www.zfindia.com

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 505163
Book Closure Date (Month) :
BSE Group : X
ISIN : INE116C01012

FAQ’s on Z F Steering Gear (India) Ltd Shares

You can buy Z F Steering Gear (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Z F Steering Gear (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 04:01 PM the closing price of Z F Steering Gear (India) Ltd was ₹ 755.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 04:01 PM, the market cap of Z F Steering Gear (India) Ltd stood at ₹ 685.87.

The latest PE ratio of Z F Steering Gear (India) Ltd as of Oct 03, 2023 04:01 PM is 21.69

The latest PB ratio of Z F Steering Gear (India) Ltd as of Oct 03, 2023 04:01 PM is 0.61

The 52-week high of Z F Steering Gear (India) Ltd is ₹ 883.90 while the 52-week low is ₹ 377.80

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