Financial Analysis of ZF Steering India Ltd.

Financial Analysis of ZF
Steering India Ltd
Akhil Saraswat, Amrit Sharma, Dhaivat Acharya, Raj Vadukul, Rajdeepsinh Parmar, Ronak Sani

ZF Steering India
• Incorporated in the year 1980 as a joint venture zf friedrichshafen ag.
• a Pioneer in Manufacturing and Supply of Ball and Nut Integral
Hydraulic Power & Worm and Roller Mechanical Steering
System in India.
• The plant is located at village Vadu Budruk, Taluka- Shirur, 28 Km away
from Pune.
• Present installed capacity is
• 2,00,000 units of Worm and Roller Mechanical Steering Gears
• 2,50,000 units of Ball and Nut Integral Hydraulic Power Steering Gears
• 60,000 units of Mechanical Rack & Pinion Steering Gears per annum.
• certification for QMS vide ISO: TS: 16949:2009 and ISO: 14001.

Valuable Customers
• Ashok Leyland
• Force Motors
• Mahindra Trucks & Buses
• SML Isuzu Ltd.
• Tata Motors Ltd
• Volvo Group
• International tractors Ltd.
• TAFE Motors & Tractors Ltd.
• Piaggio vehicles Private Limited

Mission
• We are firmly set on being market leaders in state of art
technology for steering gear system.
• We shall ensure that our product give the necessary comfort
and safety in driving.
• We shall give top priority to ensure customer satisfaction
through best quality products and services.
• We shall, in the process of our growth, continuously upgrade
our working environment and skill efficiency of everyone
associated by perseverance and motivation.
Dinesh Munot
-Chairman and Managing Director

Price Ratios
Year
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
P/E Ratio 6.29 5.86 6.11 8.40 7.24 6.81 8.05 19.13 29.37
PEG
Ratio
1.91 1.78 1.85 2.54 2.19 2.06 2.44 5.80 8.90
Price to
Sales
0.88 0.81 0.58 1.23 1.09 0.99 0.73 1.02 3.48
Price to
book
value
2.63 2.09 1.08 1.87 2.50 1.52 1.16 1.49 4.83
Dividend
yield(%)
3.80 4.03 6.59 2.91 2.78 2.60 3.19 2.14 0.79
Dividend
Payout
Ratio(%)
22.98 16.10 12.40 27.30 58.37 23.14 14.36 13.77 28.28

Price to Earning Ratio
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
March '07 March '08 March '09 March '10 March '11 March '12 March '13 March '14 March '15
Price to Earning Ratio
Linear (Price to Earning Ratio)

PEG Ratio
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
PEG Ratio
Linear (PEG Ratio)

Price to Sales
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Price to Sales
Linear (Price to Sales)

Price To Book Value
0.00
1.00
2.00
3.00
4.00
5.00
6.00
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Price to book value
Linear (Price to book value)

Dividend Yield(%)
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Dividend yield(%)
Linear (Dividend yield(%))

Dividend Payout Ratio(%)
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Dividend Payout Ratio(%)
Linear (Dividend Payout Ratio(%))

Profitability Ratios
YEAR
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Return
On
Assets
20.43 17.62 8.87 14.60 17.57 13.98 8.25 4.51 10.49
Return
On
Equity
30.64 25.52 12.34 21.14 24.66 23.02 11.70 6.25 14.33
Profit
Margin
12.73 12.51 8.61 13.26 13.72 13.19 8.19 4.84 10.76

Return On Assets
0.00
5.00
10.00
15.00
20.00
25.00
Return On Assets
Linear (Return On Assets)

Return On Equity
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
Returm On Equity
Linear (Returm On Equity)

Profit Margin
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Profit Margin
Linear (Profit Margin)

Liquidity Ratios
YEAR
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Current
Ratio
3.92 2.66 3.19 1.68 2.82 1.59 1.58 1.56 1.47
Quick
Ratio
2.49 1.59 1.78 1.02 1.97 1.17 1.22 1.20 1.11

Current Ratio
0.00
0.50
1.00
1.50
2.00
2.50
Current Ratio
Linear (Current Ratio)

Quick Ratio
• Quick Ratio
0.00
0.50
1.00
1.50
2.00
2.50
3.00
Quick Ratio
Linear (Quick Ratio)

Debt Ratio
YEAR
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Debt to
Equity
Ratio
2.34 1.50 1.67 1.39 1.33 1.16 1.14 1.14 1.15
Interest
Coverage
Ratio
81.47 72.21 34.52 93.64 233.92 58.72 14.46 66.03 51.31

Debt to Equity Ratio
0.00
0.50
1.00
1.50
2.00
2.50
Debt to Equity Ratio
Linear (Debt to Equity Ratio)

Interest Coverage Ratio
0.00
50.00
100.00
150.00
200.00
250.00
Interste Coverage Ratio
Linear (Interste Coverage Ratio)

Efficiency Ratio
YEAR
March
'07
March
'08
March
'09
March
'10
March
'11
March
'12
March
'13
March
'14
March
'15
Assets
turn over
ratio
3.48 3.09 2.30 3.99 2.92 3.43 2.72 2.59 3.28
Inventory
turn over
ratio
9.50 7.65 5.19 10.27 9.62 13.09 12.08 11.19 13.30

Assets turn over ratio
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
Assets turn over ratio
Linear (Assets turn over ratio)

Inventory turn over ratio
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Inventory turn over ratio
Linear (Inventory turn over ratio)

Cash Flow Analysis
Mar
2006
Mar
2007
Mar
2008
Mar
2009
Mar
2010
Mar
2011
Mar
2012
Mar
2013
Mar
2014
Mar
2015
Cash from
Operating
Activity
29.93 11.41 11.47 30.22 26.31 47.77 31.15 58.39 47.63 25.83
Cash from
Investing
Activity
-
23.42
-8.70 -8.80 -
17.09
-8.15 -
55.28
-
15.00
-
71.63
16.82 -27.89
Cash from
Financing
Activity
-2.66 -7.53 -2.81 -7.36 -7.65 -5.62 -8.41 23.42 -
56.55
-13.49
Net Cash
Flow
3.85 -
(4.82)
-0.14 5.77 10.51 -
13.13
7.74 10.18 7.90 -15.55
in Rs. Crores

Financial Analysis of ZF Steering India Ltd.

Financial Analysis of ZF Steering India Ltd.

Recommended

Recommended

More Related Content

What's hot

What's hot (10)

Similar to Financial Analysis of ZF Steering India Ltd.

Similar to Financial Analysis of ZF Steering India Ltd. (20)

Recently uploaded

Recently uploaded (20)

Financial Analysis of ZF Steering India Ltd.