ZF Commercial Vehicle Control Systems India Limited (NSE:ZFCVINDIA)

NSE:ZFCVINDIA Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	42,096	41,189	38,310	38,156	34,442	25,434
Revenue Growth	9.04%	7.52%	0.40%	10.78%	35.42%	36.48%
Gross Profit Gross Profit Growth	17,448	17,225	15,899	14,526	12,330	8,854
Operating Income Operating Income Growth	5,421	5,353	5,074	4,569	3,656	1,644
Net Income Net Income Growth	4,993	5,171	4,607	4,064	3,177	1,421
Earnings Per Share EPS Growth	43.87	45.44	40.48	35.71	27.91	12.48
EPS Growth	3.23%	12.25%	13.36%	27.94%	123.61%	36.86%

Revenue by Geography

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Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	26,349	22,668	23,836	20,707	13,891
Others Others Growth	14,841	15,642	14,320	13,735	11,542
Total Total Growth	41,189	38,310	38,156	34,442	25,434

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	22,298	22,298	14,958	13,198	12,654	10,619
Total Debt Total Debt Growth	548.23	548.23	660.83	684.36	653.45	38.86
Net Cash (Debt) Net Cash Growth	21,750	21,750	14,298	12,514	12,000	10,581
Net Cash Growth	52.12%	52.12%	14.25%	4.28%	13.42%	-2.68%
Net Cash Per Share Net Cash Per Share Growth	191.12	191.11	125.63	109.96	105.44	92.97

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	8,102	2,861	1,929	2,985	1,381
Capital Expenditures CapEx Growth	-	-1,459	-1,664	-1,952	-1,278	-1,007
Free Cash Flow Free Cash Flow Growth	-	6,642	1,197	-23.87	1,706	373.58
Free Cash Flow Growth	-	454.76%	-	-	356.76%	-45.34%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	41.45%	41.82%	41.50%	38.07%	35.80%	34.81%
Operating Margin	12.88%	13.00%	13.25%	11.97%	10.61%	6.46%
Pretax Margin	15.89%	16.83%	15.91%	14.32%	12.39%	7.70%
Profit Margin	11.86%	12.55%	12.03%	10.65%	9.22%	5.59%
FCF Margin	-	16.13%	3.13%	-0.06%	4.95%	1.47%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 24, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	0.667	0.667	3.167	2.833	2.167	2.000
Dividend Per Share Growth	26.32%	-78.95%	11.77%	30.77%	8.33%	9.09%
Dividend Yield	0.03%	0.03%	0.15%	0.11%	0.13%	0.16%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 24, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	48.61	50.50	53.49	70.85	62.15	101.89
P/FCF Ratio	36.54	39.32	205.84	-	115.70	387.48
PS Ratio	5.77	6.34	6.43	7.55	5.73	5.69

Data Source: S&P Global Market Intelligence Last updated: Jul 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 20, 2026

Data Sources Report a data error