ZF Commercial Vehicle Control Systems India Ltd.

NSE: ZFCVINDIA | BSE: 533023

Expensive Performer

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14028.00 -105.00 (-0.74%)

46.72% Gain from 52W Low

23,979 NSE+BSE Volume

NSE 14 Jan, 2026 3:31 PM (IST)

26,607.7

Market Cap

High in industry

Beta 1Year

Low volatility

ZF Commercial Vehicle Control Systems India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ZFCVINDIA, BSE:533023 ZF Commercial Vehicle Control Systems India Ltd.

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ZF Commercial Vehicle Control Systems India Ltd.

09 Sep 2025

14028.00

-0.74%

ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMIT

Accumulate: ZF Commercial Vehicle Cont...

Recommendation Target

Geojit BNP Paribas

Given the strong fundamentals and product diversification, we believe ZFCV will be a direct beneficiary in the long run owing to economic growth, a wider portfolio and government *over or under performance to benchmark index thrusts on infrastructure development. The firm is driven by higher AMT and ECAS penetration and strategic e-mobility initiatives, despite flat trailer volumes and adverse mix. Regulatory tailwinds (ESC, AIS 113, ADAS) and a robust product pipeline support future growth. EV segment momentum continues, with targeted solutions for independent bus OEMs. Hence, factoring in 14% earnings CAGR over FY25-27E. Having said that, we...

ZF Commercial Vehicle Control Systems India Ltd. is trading below its 30 day SMA of 14716.7

ZF Commercial Vehicle Control Systems India Ltd.

18 Aug 2025

14028.00

-0.74%

Exports impact overall growth; strong potential for content increase in the medium term

Hold: ZF Commercial Vehicle Cont...

Recommendation Target

ICICI Securities Limited

ZF Commercial Vehicle Control Systems India (ZFCV) reported Q1FY26 EBITDA margin of 13.5% (vs. I-Sec estimate 17%), was down ~120bps YoY/380bps QoQ.

ZF Commercial Vehicle Control Systems India Ltd. is trading below its 30 day SMA of 14716.7

ZF Commercial Vehicle Control Systems India Ltd.

18 May 2025

14028.00

-0.74%

Upcoming ADAS regulation to propel growth to next level; retaining a Buy

Buy: ZF Commercial Vehicle Cont...

Anand Rathi

Slightly lagging ARe of Rs1.79bn, ZF’s Q4 EBITDA rose 17% y/y to Rs1.73bn on less-than-expected revenue. The ADAS regulation draft notification is out, proposing ESC, AEBS and 4 ADAS functions from Oct’26, with content opportunity of >Rs65,000/vehicle for CVs (>3.5-tonne trucks and >5-tonne buses).

ZF Commercial Vehicle Control Systems India Ltd. is trading above its 200 day SMA of 13446.9

ZF Commercial Vehicle Control Systems India Ltd.

25 Feb 2025

14028.00

-0.74%

ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMIT

Buy: ZF Commercial Vehicle Cont...

Target

Geojit BNP Paribas

ZF Commercial Vehicle Control Systems India Ltd. is trading below its 30 day SMA of 14716.7

ZF Commercial Vehicle Control Systems India Ltd.

24 Jul 2024

14028.00

-0.74%

In-line operational result; maintain REDUCE

Sell: ZF Commercial Vehicle Cont...

Target

ICICI Securities Limited

ZFCVCS’ (ZFI) operational performance was in line vs our estimate, with EBITDA at INR 1.4bn (-5% QoQ) in Q1FY25. Revenue was down 2% YoY at INR 9.5bn with OEM/export/aftermarket segment revenue at INR 4.3bn/INR 2.8bn/INR 1.3bn.

ZF Commercial Vehicle Control Systems India Ltd. is trading above its 200 day SMA of 13446.9

ZF Commercial Vehicle Control Systems India Ltd.

28 Jun 2024

14028.00

-0.74%

ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMIT

Buy: ZF Commercial Vehicle Cont...

Recommendation Target

Geojit BNP Paribas

ZF Commercial Vehicl.. has an average target of 15115.33 from 3 brokers.

ZF Commercial Vehicle Control Systems India Ltd.

15 Feb 2024, 12:00AM

14028.00

-0.74%

ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMIT

Accumulate: ZF Commercial Vehicle Cont...

Target

Geojit BNP Paribas

ZF Commercial Vehicle Control Systems India Ltd. is trading below its 30 day SMA of 14716.7

ZF Commercial Vehicle Control Systems India Ltd.

31 Oct 2023

14028.00

-0.74%

In-line operational performance; triggers for earnings upgrades limited

Sell: ZF Commercial Vehicle Cont...

Recommendation Target

ICICI Securities Limited

ZFCVCS (ZFI)’s operational performance was in-line with our estimate, with EBITDA at INR1.46bn versus our estimate of INR 1.5bn (+35% YoY). OEM/export/aftermarket segments’ revenues came in at INR 4.5bn/INR 3.2bn/INR 1.2bn, up ~29%/~23%/~15% YoY, driving overall revenue by 25% YoY.

ZF Commercial Vehicl.. has an average target of 15115.33 from 3 brokers.

ZF Commercial Vehicle Control Systems India Ltd.

01 Aug 2023

14028.00

-0.74%

Gross margin uptick helps EBITDAM beat seasonality effect

Hold: ZF Commercial Vehicle Cont...

Recommendation Target

ICICI Securities Limited

ZFCVCS (ZFI) has delivered a 10-quarter high gross margin, driven by improving mix and lagged price hikes, resulting in flat EBITDAM QoQ. ZFI’s revenue from domestic OEMs was up ~20% YoY, driven by new business generation from electronic stability control system sales to buses, electronic braking system applications, electronic compressors and driver assistance systems.