ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) - Net Assets
Based on the latest financial reports, ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) has net assets worth Rs34.11 Billion INR (≈ $368.93 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs40.13 Billion ≈ $433.94 Million USD) and total liabilities (Rs6.01 Billion ≈ $65.01 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of ZF Commercial Vehicle Control Systems In to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs34.11 Billion |
| % of Total Assets | 85.02% |
| Annual Growth Rate | 18.97% |
| 5-Year Change | 61.02% |
| 10-Year Change | 201.05% |
| Growth Volatility | 10.43 |
ZF Commercial Vehicle Control Systems India Limited - Net Assets Trend (2008–2025)
This chart illustrates how ZF Commercial Vehicle Control Systems India Limited's net assets have evolved over time, based on quarterly financial data. Also explore ZF Commercial Vehicle Control Systems In (ZFCVINDIA) total assets for the complete picture of this company's asset base.
Annual Net Assets for ZF Commercial Vehicle Control Systems India Limited (2008–2025)
The table below shows the annual net assets of ZF Commercial Vehicle Control Systems India Limited from 2008 to 2025. For live valuation and market cap data, see market cap of ZF Commercial Vehicle Control Systems In.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs32.15 Billion ≈ $347.64 Million |
+15.20% |
| 2024-03-31 | Rs27.90 Billion ≈ $301.76 Million |
+15.82% |
| 2023-03-31 | Rs24.09 Billion ≈ $260.54 Million |
+13.96% |
| 2022-03-31 | Rs21.14 Billion ≈ $228.63 Million |
+5.89% |
| 2021-03-31 | Rs19.96 Billion ≈ $215.90 Million |
+5.38% |
| 2020-03-31 | Rs18.95 Billion ≈ $204.89 Million |
+6.44% |
| 2019-03-31 | Rs17.80 Billion ≈ $192.50 Million |
+16.65% |
| 2018-03-31 | Rs15.26 Billion ≈ $165.02 Million |
+20.49% |
| 2017-03-31 | Rs12.66 Billion ≈ $136.96 Million |
+18.60% |
| 2016-03-31 | Rs10.68 Billion ≈ $115.48 Million |
+23.72% |
| 2015-03-31 | Rs8.63 Billion ≈ $93.33 Million |
+14.16% |
| 2014-03-31 | Rs7.56 Billion ≈ $81.76 Million |
+16.52% |
| 2013-03-31 | Rs6.49 Billion ≈ $70.17 Million |
+22.62% |
| 2012-03-31 | Rs5.29 Billion ≈ $57.22 Million |
+36.82% |
| 2011-03-31 | Rs3.87 Billion ≈ $41.82 Million |
+43.06% |
| 2010-03-31 | Rs2.70 Billion ≈ $29.23 Million |
+36.76% |
| 2009-03-31 | Rs1.98 Billion ≈ $21.38 Million |
+17.88% |
| 2008-03-31 | Rs1.68 Billion ≈ $18.13 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to ZF Commercial Vehicle Control Systems India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1769.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs29.57 Billion | 92.00% |
| Common Stock | Rs94.84 Million | 0.30% |
| Other Comprehensive Income | Rs2.48 Billion | 7.71% |
| Total Equity | Rs32.15 Billion | 100.00% |
ZF Commercial Vehicle Control Systems India Limited Competitors by Market Cap
The table below lists competitors of ZF Commercial Vehicle Control Systems India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chesapeake Utilities Corporation
NYSE:CPK
|
$2.99 Billion |
|
Ebro Foods
MC:EBRO
|
$2.99 Billion |
|
Chongqing Zaisheng Tech Corp
SHG:603601
|
$2.99 Billion |
|
ShenZhen Yitoa Intelligent Control Co Ltd
SHE:300131
|
$2.99 Billion |
|
Cushman & Wakefield plc
NYSE:CWK
|
$2.99 Billion |
|
China Suntien Green Energy Corp Ltd
SHG:600956
|
$2.99 Billion |
|
SL Green Realty Corp
NYSE:SLG
|
$2.98 Billion |
|
Petrosea Tbk
JK:PTRO
|
$2.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZF Commercial Vehicle Control Systems India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,903,175,000 to 32,145,404,000, a change of 4,242,229,000 (15.2%).
- Net income of 4,607,300,000 contributed positively to equity growth.
- Dividend payments of 322,449,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs4.61 Billion | +14.33% |
| Dividends Paid | Rs322.45 Million | -1.0% |
| Other Changes | Rs-42.62 Million | -0.13% |
| Total Change | Rs- | 15.20% |
Book Value vs Market Value Analysis
This analysis compares ZF Commercial Vehicle Control Systems India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 164.82x to 8.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs88.41 | Rs14571.00 | x |
| 2009-03-31 | Rs104.21 | Rs14571.00 | x |
| 2010-03-31 | Rs142.52 | Rs14571.00 | x |
| 2011-03-31 | Rs203.89 | Rs14571.00 | x |
| 2012-03-31 | Rs278.95 | Rs14571.00 | x |
| 2013-03-31 | Rs342.06 | Rs14571.00 | x |
| 2014-03-31 | Rs398.14 | Rs14571.00 | x |
| 2015-03-31 | Rs461.02 | Rs14571.00 | x |
| 2016-03-31 | Rs562.95 | Rs14571.00 | x |
| 2017-03-31 | Rs667.68 | Rs14571.00 | x |
| 2018-03-31 | Rs804.47 | Rs14571.00 | x |
| 2019-03-31 | Rs938.43 | Rs14571.00 | x |
| 2020-03-31 | Rs998.83 | Rs14571.00 | x |
| 2021-03-31 | Rs1052.53 | Rs14571.00 | x |
| 2022-03-31 | Rs1114.57 | Rs14571.00 | x |
| 2023-03-31 | Rs1270.12 | Rs14571.00 | x |
| 2024-03-31 | Rs1471.10 | Rs14571.00 | x |
| 2025-03-31 | Rs1694.72 | Rs14571.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZF Commercial Vehicle Control Systems India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.03%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.18x
- Recent ROE (14.33%) is below the historical average (18.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 41.65% | 13.07% | 1.69x | 1.89x | Rs530.72 Million |
| 2009 | 17.97% | 8.34% | 1.28x | 1.69x | Rs157.56 Million |
| 2010 | 28.92% | 13.22% | 1.52x | 1.44x | Rs511.58 Million |
| 2011 | 32.95% | 14.28% | 1.75x | 1.32x | Rs887.59 Million |
| 2012 | 28.99% | 14.79% | 1.53x | 1.28x | Rs1.00 Billion |
| 2013 | 20.16% | 13.65% | 1.21x | 1.22x | Rs659.08 Million |
| 2014 | 15.56% | 10.65% | 1.15x | 1.27x | Rs419.60 Million |
| 2015 | 13.80% | 9.01% | 1.20x | 1.27x | Rs332.16 Million |
| 2016 | 19.05% | 11.10% | 1.20x | 1.43x | Rs965.92 Million |
| 2017 | 16.86% | 10.33% | 1.19x | 1.37x | Rs868.35 Million |
| 2018 | 17.88% | 10.62% | 1.18x | 1.42x | Rs1.20 Billion |
| 2019 | 15.85% | 10.10% | 1.20x | 1.31x | Rs1.04 Billion |
| 2020 | 8.38% | 8.38% | 0.87x | 1.15x | Rs-306.41 Million |
| 2021 | 5.20% | 5.64% | 0.74x | 1.25x | Rs-958.35 Million |
| 2022 | 6.72% | 5.63% | 0.96x | 1.25x | Rs-693.33 Million |
| 2023 | 13.19% | 9.30% | 1.13x | 1.25x | Rs767.60 Million |
| 2024 | 14.57% | 10.74% | 1.12x | 1.21x | Rs1.27 Billion |
| 2025 | 14.33% | 12.03% | 1.01x | 1.18x | Rs1.39 Billion |
Industry Comparison
This section compares ZF Commercial Vehicle Control Systems India Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $19,498,253,872
- Average return on equity (ROE) among peers: 10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) | Rs34.11 Billion | 41.65% | 0.18x | $2.99 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $8.17 Billion | 21.28% | 0.92x | $972.52 Million |
| Balkrishna Industries Limited (BALKRISIND) | $35.43 Billion | 20.23% | 0.63x | $4.73 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $984.21 Million |
| Bharat Gears Limited (BHARATGEAR) | $795.74 Million | -23.60% | 3.70x | $19.90 Million |
| Bosch Limited (BOSCHLTD) | $83.97 Billion | 12.05% | 0.33x | $12.17 Billion |
| CEAT Limited (CEATLTD) | $27.90 Billion | 9.04% | 1.30x | $1.45 Billion |
| CIE Automotive India Limited (CIEINDIA) | $1.77 Billion | -6.74% | 0.78x | $1.95 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $6.83 Billion | 14.25% | 2.40x | $2.32 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.34 Billion | 16.90% | 0.19x | $245.08 Million |
About ZF Commercial Vehicle Control Systems India Limited
ZF Commercial Vehicle Control Systems India Limited engages in supplying systems for automotive and industrial technology in India and internationally. The company offers air suspension solutions, automatic transmissions, axle drives and systems, brake components, brake control and systems, chassis components, condition monitoring system, control units, damping technology, driveline components, e… Read more