ZF Commercial Vehicle Control Systems India Ltd.

NSE: ZFCVINDIA | BSE: 533023

Expensive Star

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14771.00 201.00 (1.38%)

54.49% Gain from 52W Low

18,584 NSE+BSE Volume

NSE 25 Aug, 2025 3:31 PM (IST)

28,017

Market Cap

High in industry

0.5

Beta 1Year

Very 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.

ZF Commercial Vehicle Control Systems India Ltd.

03 Jun 2020

14771.00

1.38%

Wabco India

Sell: ZF Commercial Vehicle Cont...

Recommendation Target

ICICI Securities Limited

Valuations (81x FY20P EPS of 84) at WIL, in our opinion are disconnected from prevailing challenges on the demand front, with relative resilience in price performance centred around market expectations around the open offer price. On the back of elongated CV recovery cycle, we assign SELL rating on WIL and advice existing investors to either tender their shares in the forthcoming open offer ( 7067.5/share, 2.5 months away) or for simplicity of operations sell shares in open market. We ascribe a fair value...

ZF Commercial Vehicl.. has an average target of 14227.33 from 3 brokers.

ZF Commercial Vehicle Control Systems India Ltd.

28 May 2020

14771.00

1.38%

WABCO INDIA LIMITED

Hold: ZF Commercial Vehicle Cont...

Recommendation Target

Geojit BNP Paribas

Q4FY20 revenue de-grew by -39%YoY due to significant decline in the commercial vehicle volume, down by 48%YoY. This was largely due to production lockdown and lower demand globally. EBITDA margin came at 12.8%(-10bbs YoY), due to lower input cost and higher other expenses. Net profit tanked by -35.3%YoY. WIL technological advantage in the CV segment will provide significant growth and will results in better bargaining power with the original equipment manufactures (OEMs)....

ZF Commercial Vehicle Control Systems India Ltd. has gained 36.64% in the last 6 Months

ZF Commercial Vehicle Control Systems India Ltd.

20 Jan 2020

14771.00

1.38%

WABCO INDIA LIMITED

Buy: ZF Commercial Vehicle Cont...

Geojit BNP Paribas

WIL technological advantage in the CV segment will provide significant growth and will results in better bargaining power with the original equipment manufactures (OEMs). Government's impending scrappage policy expected in FY21 will spur additional demand in the CV sector. WIL holds 85% market share in the air braking systems of CV. We expect the revenue and PAT to grow by 15%/26% CAGR over FY20-22E owing to its higher participation in the segment....

ZF Commercial Vehicl.. has an average target of 14227.33 from 3 brokers.

ZF Commercial Vehicle Control Systems India Ltd.

16 Aug 2019

14771.00

1.38%

Wabco India

Hold: ZF Commercial Vehicle Cont...

ICICI Securities Limited

Increasing wallet share key to mitigate CV pain, going forward! The domestic CV space is currently witnessing a sharp slowdown brought on by NBFC-led liquidity and financing crunch, overcapacity caused by revised axle load norms and poor freight demand. Coupled with the inherent cyclicality of the segment, prospects for meaningful volume growth over the medium term appear bleak. With WIL being a dedicated CV play, the same is seen adversely impacting the company also, albeit to a lesser extent, given its demonstrated ability and continued focus on increasing wallet share per...

ZF Commercial Vehicle Control Systems India Ltd. is trading above all available SMAs

ZF Commercial Vehicle Control Systems India Ltd.

27 May 2019

14771.00

1.38%

Wabco India

Hold: ZF Commercial Vehicle Cont...

Target

ICICI Securities Limited

WIL is a leading ancillary play that caters to braking solutions requirements of domestic CV OEMs. Over the years, the company has comprehensively outpaced OEM volume growth in this segment on the back of rising wallet share (WIL revenue CAGR over FY15-19P 20.6% vs. CV industry volume CAGR 13.1% in this period). Domestic demand sentiments in the CV space remains muted currently but significant pre-buying ahead of BS-VI implementation is anticipated in Q2FY20E & Q3FY20E, which would support growth at players like Wabco. We expect domestic CV space to witness...

ICICI Securities Limited upgraded ZF Commercial Vehicle Control Systems India Ltd. to Hold with a price target of 13600.0 on 18 Aug, 2025.

ZF Commercial Vehicle Control Systems India Ltd.

30 Jan 2019

14771.00

1.38%

Wabco India

Hold: ZF Commercial Vehicle Cont...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Wabco India (WIL) reported a healthy Q3FY19 performance WIL's revenue grew 7.7% YoY to | 700 crore. While net sales amounted to | 653.2 crore (up 6.1% YoY), other operating income grew 35.8% YoY to | 46.7 crore. We estimate that the core Air Actuation System segment and exports would each have grown ~5% YoY. Other operating income includes income from Merchandise Exports from India Scheme (MEIS)...

ZF Commercial Vehicl.. has an average target of 14227.33 from 3 brokers.

ZF Commercial Vehicle Control Systems India Ltd.

06 Nov 2018

14771.00

1.38%

Wabco India

Hold: ZF Commercial Vehicle Cont...

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Wabco India's (WIL) revenues grew 21.8% YoY to | 743 crore, above our estimate of | 733 crore. Growth was supported by domestic business, which grew 32.1% YoY to | 533 crore, led by higher M&HCV; volume & increase in content per vehicle (better/higher weightage products as required by OEMs), post the new axle norms. In terms of domestic revenue mix, OEM revenue was at | 383 crore (includes ABS revenue of | 69 crore) & spares revenue at | 71 crore....

ICICI Securities Limited upgraded ZF Commercial Vehicle Control Systems India Ltd. to Hold with a price target of 13600.0 on 18 Aug, 2025.

ZF Commercial Vehicle Control Systems India Ltd.

30 Jul 2018

14771.00

1.38%

Wabco India

Hold: ZF Commercial Vehicle Cont...

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Wabco India's (WIL) revenues grew 42.2% YoY to | 747 crore, above our estimate of | 716 crore. Revenue from domestic business grew 56.2% YoY to | 534 crore mainly due to low base of last year and ongoing demand drivers (high infrastructure spends, overloading restrictions) in the CV space. In terms of revenue mix, OEM revenue | 422 crore (includes ABS revenue ~| 97 crore), revenue from spares & operating income were | 79 crore & | 34 crore, respectively. Its exports increased 16.1% YoY to | 213 crore driven by strong order...

ZF Commercial Vehicle Control Systems India Ltd. has gained 36.64% in the last 6 Months

Is WABCO India Ltd. worth buying?

90 Votes:

Buy 74.44%

Sell 21.11%

Hold 4.44%

RESEARCH REPORTS

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