ZF Steering Gear (India) Limited (NSE:ZFSTEERING)

ZF Steering Gear (India) 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	5,812	5,711	4,941	4,782	4,508	3,131
Revenue Growth	16.54%	15.58%	3.31%	6.08%	44.00%	55.22%
Gross Profit Gross Profit Growth	2,226	2,172	1,705	1,570	1,501	1,175
Operating Income Operating Income Growth	279.2	323.9	162.2	252.1	314.7	147
Net Income Net Income Growth	198	153.9	149.2	436.9	245.4	182.7
Earnings Per Share EPS Growth	21.82	16.96	16.44	48.15	27.05	20.14
EPS Growth	89.14%	3.15%	-65.85%	78.04%	34.32%	106.44%

Revenue by Segment

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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
Auto Component Auto Component Growth	5,851	5,709	4,945	4,747	4,472	3,084
Renewable Energy Renewable Energy Growth	133.6	131.6	129.7	151.2	154.1	142.4
Unallocable Unallocable Growth	101.5	50.3	150.7	284.5	61.3	150.1
Inter-Segment Inter-Segment Growth	-81.8	-81.5	-79.3	-60.7	-50.6	-38.7
Total Total Growth	6,004	5,809	5,146	5,122	4,637	3,338

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	49.8	49.8	9.5	114.5	2.2	41.3
Total Debt Total Debt Growth	1,064	1,064	1,003	767.7	433.2	336.3
Net Cash (Debt) Net Cash Growth	-1,015	-1,015	-993.8	-653.2	-431	-295
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-111.79	-111.81	-109.53	-71.99	-47.50	-32.51

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	-	981.5	396.3	349	488.7	151.7
Capital Expenditures CapEx Growth	-	-1,098	-590.3	-941.8	-396.6	-332.7
Free Cash Flow Free Cash Flow Growth	-	-116.1	-194	-592.8	92.1	-181
Free Cash Flow Growth	-	-	-	-	-	-

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	38.30%	38.02%	34.51%	32.82%	33.29%	37.54%
Operating Margin	4.80%	5.67%	3.28%	5.27%	6.98%	4.70%
Pretax Margin	5.79%	5.03%	4.96%	10.85%	8.05%	9.55%
Profit Margin	3.41%	2.70%	3.02%	9.14%	5.44%	5.84%
FCF Margin	-	-2.03%	-3.93%	-12.40%	2.04%	-5.78%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 24, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	32.08	34.25	59.92	17.03	15.76	20.26
P/FCF Ratio	-	-	-	-	41.99	-
PS Ratio	1.09	0.92	1.81	1.56	0.86	1.18

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:

Sep 19, 2026

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