ZF Steering Gear (India) Limited (505163) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ZF Steering Gear (India) Limited ₹711, price ₹705, upside +0.9%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹380.68 – ₹1,876 · fair‑value band ₹533.47 – ₹874.07 · the ₹705.00 price screens below the ₹711.29 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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ZF Steering Gear (India) Limited produces and assembles steering systems for vehicles, buses, and tractors in India and internationally.
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ZF Steering Gear (India) Limited produces and assembles steering systems for vehicles, buses, and tractors in India and internationally. The company offers ball and nut integral hydraulic power steering gears for heavy commercial vehicles; integral hydraulic power steering gears for medium and light commercial vehicles; power steering gears for SUV and off road vehicles; cast iron vane pumps; aluminum vane pumps; oil reservoirs; integrated oil tanks; steering columns; drop arms; intermediate shafts; universal joints; and bevel gear boxes. It also offers worm and roller mechanical steering systems for tractor and light commercial vehicles, as well as related accessories; power rack and pinion steering system for passenger cars; mechanical rack and pinion steering system for one toner passenger and goods carriers; double barrel steering gears; and tractor hydraulic power assisted steering gears. The company offers its products and services through a network of dealers and distributors. ZF Steering Gear (India) Limited was incorporated in 1981 and is based in Pune, India.
Stock analysis
ZF Steering Gear (India) Limited (505163) currently trades at ₹705.00, while our model-based Fair Value estimate is ₹711.29, so the stock looks roughly fairly valued today (gap 0.9%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹876.78 per share, and 9 of the 16 models we run sit above the ₹705.00 price.
Bear case: the Earnings-Based group reads lowest at ₹324.27, and 7 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹533.47 (bear) to ₹874.07 (bull), the price of ₹705.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Other sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ZF Steering Gear (India) Limited reported revenue of ₹5.7B in FY2026 versus ₹3.1B in FY2022, a compound +16.2%/yr. Reported net income was ₹154M in FY2026, compounding −4.2%/yr from FY2022.
Key figures
Market cap ₹2.6B (≈ $26.9M) · P/E ratio 10.2 · P/S ratio 0.28 · EPS (TTM) ₹27.96 · Dividend yield 0.0% · Net margin 2.7% · Return on assets (EBIT) 3.2% · Free cash flow −₹116M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Other peers we cover trades at −10% fair-value upside, at 1%, 505163 screens cheaper than that median.
Fair Value models
Bear ₹533.47Fair Value ₹711.29Bull ₹874.07
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹14.33 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.2%
Start year 2021 (pandemic). Over 10 years: +3.1% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.6% vs −6.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−10% → 5%
Compare ZF Steering Gear (India) Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other · 166 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+0.9% · Above median
Profitability
Return on assets0.0% · Above median
Net margin (TTM)2.7% · Below median
Operating margin (TTM)0.0% · Above median
Growth and dividend
Revenue growth0.0% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Other median · lower = cheaper
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Is ZF Steering Gear (India) Limited (505163) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹711.29 versus a price of ₹705.00, about +1% upside (fairly valued).
What is the fair value of 505163?
Our model-based fair value for ZF Steering Gear (India) Limited is ₹711.29 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹705.00.
What is the quality score of 505163?
ZF Steering Gear (India) Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ZF Steering Gear (India) Limited (505163)?
Our model-based price target is the fair value of ₹711.29 (as of Oct 3, 2026) from 16 valuation models. Cautious scenario ₹533.47, optimistic scenario ₹874.07. It is a calculation from audited fundamentals, not an analyst target.
What is the ZF Steering Gear (India) Limited stock forecast for 2026?
Our models put fair value at ₹711.29, about +1% upside versus a price of ₹705.00 (fairly valued). Cautious scenario ₹533.47, optimistic scenario ₹874.07. The calculation is refreshed regularly with new filings.
Does ZF Steering Gear (India) Limited pay a dividend?
ZF Steering Gear (India) Limited currently shows a dividend yield of about 0.03% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of ZF Steering Gear (India) Limited (505163)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZF Steering Gear (India) Limited it is ₹711.29 per share (as of Oct 3, 2026), against a price of ₹705.00. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is ZF Steering Gear (India) Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 505163 trades below its calculated fair value: price ₹705.00, fair value ₹711.29, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 505163?
No. The price is what the market pays today (₹705.00); the fair value is what the company's own numbers justify (₹711.29). For ZF Steering Gear (India) Limited the two are ₹6.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is ZF Steering Gear (India) Limited worth?
The market values ZF Steering Gear (India) Limited at about ₹2.6B (market capitalisation, as of Oct 3, 2026). Per share that is ₹705.00; our models calculate a fair value of ₹711.29 per share.
What do the bullish and bearish scenarios say about 505163?
Our models span a range for ZF Steering Gear (India) Limited: cautious scenario ₹533.47, base ₹711.29, optimistic ₹874.07 per share (as of Oct 3, 2026, price ₹705.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 505163?
ZF Steering Gear (India) Limited trades at a price-to-earnings ratio of 10.2 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹711.29 is built from several models across several years.
How solid is the balance sheet of ZF Steering Gear (India) Limited (505163)?
Balance-sheet figures for ZF Steering Gear (India) Limited (as of Oct 3, 2026): debt of 0.07 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 505163 from its 52-week high?
ZF Steering Gear (India) Limited trades at ₹705.00, about 31% below its 52-week high of ₹1,029 and 21% above the low of ₹580.95 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹711.29 is for.
Which stocks are comparable to ZF Steering Gear (India) Limited?
From the same area (Other) we also value 542772, 590024, Indiabulls Real Estate Limited, KSB Pumps Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ZF Steering Gear (India) Limited stock attractive at the current price?
The data as of Oct 3, 2026: price ₹705.00, calculated fair value ₹711.29 (+1%), Quality Score 57/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 505163 calculated?
We run ZF Steering Gear (India) Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹711.29, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ZF Steering Gear (India) Limited currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ZF Steering Gear (India) Limited (505163)?
The closing price on Oct 1, 2026 was ₹705.00. Our model-based fair value is ₹711.29, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZF Steering Gear (India) Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ZF Steering Gear (India) Limited
How large is the market capitalisation of ZF Steering Gear (India) Limited (505163)?
The market capitalisation of ZF Steering Gear (India) Limited is ₹2.6B (≈ $26.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ZF Steering Gear (India) Limited (505163)?
The price-to-sales ratio of ZF Steering Gear (India) Limited is 0.28 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ZF Steering Gear (India) Limited (505163)?
Earnings per share at ZF Steering Gear (India) Limited are ₹27.96 (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ZF Steering Gear (India) Limited (505163)?
The dividend yield of ZF Steering Gear (India) Limited is 0.0% (payout 0.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ZF Steering Gear (India) Limited (505163)?
The net margin of ZF Steering Gear (India) Limited is 2.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of ZF Steering Gear (India) Limited (505163)?
On an EBIT basis the return on assets of ZF Steering Gear (India) Limited is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does ZF Steering Gear (India) Limited (505163) generate?
The free cash flow of ZF Steering Gear (India) Limited is −₹116M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ZF Steering Gear (India) Limited (505163) carry?
The net debt of ZF Steering Gear (India) Limited is ₹959M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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