ZF Commercial Vehicle Control Systems India Limited (ZFCVINDIA) - Net Assets

Latest as of September 2025: Rs34.11 Billion INR ≈ $368.93 Million USD

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. Also explore ZFCVINDIA asset base for the complete picture of this company's asset base.

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. Check tangible equity quality of ZF Commercial Vehicle Control Systems In to evaluate the tangible quality of the company's equity 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 value 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
Wuxi Xuelang Environmental Technology Co Ltd SHE:300385	$541.12 Million
Leon Technology Co Ltd SHE:300603	$541.40 Million
Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS IS:IPEKE	$541.41 Million
YASHO INDUSTRIES ORD (BSE) NSE:YASHO	$541.48 Million
Tian Jin Global Magnetic Card Co Ltd SHG:600800	$540.91 Million
Beijing Jingcheng Machinery Electric Co Ltd SHG:600860	$540.88 Million
PIERER Mobility AG VI:PKTM	$540.74 Million
Asia Aviation Public Company Limited BK:AAV-R	$540.71 Million

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: 1.56x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 29.83x to 1.56x 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	Rs2637.20	x
2009-03-31	Rs104.21	Rs2637.20	x
2010-03-31	Rs142.52	Rs2637.20	x
2011-03-31	Rs203.89	Rs2637.20	x
2012-03-31	Rs278.95	Rs2637.20	x
2013-03-31	Rs342.06	Rs2637.20	x
2014-03-31	Rs398.14	Rs2637.20	x
2015-03-31	Rs461.02	Rs2637.20	x
2016-03-31	Rs562.95	Rs2637.20	x
2017-03-31	Rs667.68	Rs2637.20	x
2018-03-31	Rs804.47	Rs2637.20	x
2019-03-31	Rs938.43	Rs2637.20	x
2020-03-31	Rs998.83	Rs2637.20	x
2021-03-31	Rs1052.53	Rs2637.20	x
2022-03-31	Rs1114.57	Rs2637.20	x
2023-03-31	Rs1270.12	Rs2637.20	x
2024-03-31	Rs1471.10	Rs2637.20	x
2025-03-31	Rs1694.72	Rs2637.20	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: $10,355,588,792
Average return on equity (ROE) among peers: 14.44%

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	$540.96 Million
Asahi India Glass Limited (ASAHIINDIA)	$4.53 Billion	33.00%	4.30x	$2.48 Billion
ASK AUTOMOTIVE LIMITED (ASKAUTOLTD)	$6.32 Billion	13.08%	0.75x	$1.35 Billion
Balkrishna Industries Limited (BALKRISIND)	$27.88 Billion	20.66%	0.93x	$5.16 Billion
Banco Products (I) Limited (BANCOINDIA)	$7.10 Billion	10.78%	0.57x	$1.06 Billion
Bharat Gears Limited (BHARATGEAR)	$762.53 Million	6.51%	2.49x	$17.64 Million
Bosch Limited (BOSCHLTD)	$20.42 Billion	26.84%	0.66x	$13.70 Billion
CEAT Limited (CEATLTD)	$3.79 Billion	10.37%	2.75x	$1.62 Billion
CIE Automotive India Limited (CIEINDIA)	$9.27 Billion	1.70%	1.46x	$1.68 Billion
Craftsman Automation Limited (CRAFTSMAN)	$17.52 Billion	17.38%	1.69x	$2.70 Billion
Divgi Torqtransfer Systems Limited (DIVGIITTS)	$5.97 Billion	4.09%	0.11x	$346.37 Million

About ZF Commercial Vehicle Control Systems India Limited

NSE:ZFCVINDIA India Auto Parts

Market Cap

$540.96 Million

Rs50.02 Billion INR

Market Cap Rank

#11816 Global

#591 in India

Share Price

Rs2637.20

Change (1 day)

+2.21%

52-Week Range

Rs2299.10 - Rs16086.00

All Time High

Rs17681.04