ZF Steering can touch Rs 400: SP Tulsian

SP Tulsian of sptulsian.com is of the view that ZF Steering can touch Rs 400.

Tulsian told CNBC-TV18, "ZF Steering makers of mechanical and power steering system and is supplying to all four-wheelers which includes cars, SUVs and even commercial vehicles and tractors. If you see their financial performance for FY11, they have posted a growth of about 36% in their topline and 40% in their bottomline with topline being at Rs 300 crore, PAT of about Rs 41 crore, EPS at Rs 45 and cash EPS of Rs 62. If we go by the shareholding pattern, the company has a German collaboration on their financials and technical