ZF Steering

This company is a pioneer in making and supplying Ball and Nut Integral Hydraulic Power & Worm and Roller Mechanical Steering System in India. It has a JV with ZF Lenksysteme GmbH and its list of customers includes almost every single vehicle manufacturer of India.

The company posed a good set of numbers for Q1FY17, driven by good growth in both its verticals – Auto components as well as Renewable energy. On a 37% (YoY) increase in topline, the company posted a healthy 44% jump in net profit at Rs.13 crore. EBITDA for the quarter was at Rs.25 crore, up 47% and margins jumped up from 20.24% to 22.52%.

Its auto component segment showed a smart jump in its EBIT margin – up from 12.74% to 14.96% and Renewable Energy rose from 41.84% to 63.72%. The company is virtually debt free. Equity is pretty small at Rs.9.07 crore and reserves is at Rs.270 crore.