Add ZF Commercial Vehicle Control Systems India, target price Rs 10522: ICICI Securities

ICICI Securities has add call on ZF Commercial Vehicle Control Systems India with a target price of Rs 10522.
The current market price of ZF Commercial Vehicle Control Systems India Ltd. is Rs 9880.

ZF Commercial Vehicle Control Systems India Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 18715.79 Crore) operating in Auto Ancillaries sector.


ZF Commercial Vehicle Control Systems India Ltd. key Products/Revenue Segments include Air Assist/Full Air Actuation Systems (Auto/Non-Auto) and Elements The, Spares And Others, Software Services, Other Services, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 805.04 Crore, down -.56 % from last quarter Total Income of Rs 809.57 Crore and up 28.98 % from last year same quarter Total Income of Rs 624.14 Crore. Company reported net profit after tax of Rs 68.64 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0.94 per cent, DIIs 15.8 per cent.