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ZFCV takes the pole position to make the most of sector tailwinds

The outlook for this auto ancillary looks promising with a demand pick-up in the CV segment

March 17, 2023 / 11:31 AM IST
ZFCV takes the pole position to make the most of sector tailwinds

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Demand outlook continues to be encouraging ZFCV continues to outperform the industry due to its new products Favourable input costs and operating leverage to boost operating margin New products to increase content per vehicle which will aid top line Valuation at a discount to long-term multiple, accumulate it for the long term  ZF Commercial Vehicle Control Systems India (ZFCV; CMP: Rs 10,132; M Cap: Rs 19,220 crore) is one of the leading players in the auto ancillary pack, a market leader in the CV...

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