Z F STEERING GEAR (I) LTD

Manufactures steering gear assemblies for the automotive industry, including Electric Hydraulic Power Assisted Steering (EHPAS) systems. Auto Components is the dominant segment, accounting for essentially the entire consolidated segment revenue of Rs 557.49 cr in FY26 (single-segment disclosure shows 100% share). Renewable Energy contributes a small slice, with FY26 segment revenue of Rs 2.43 cr and Q3 FY26 revenue of Rs 2.76 cr. The company also operates an Aluminium Division and an Electrical Division through subsidiaries. Consolidated FY26 revenue was Rs 571.06 cr (standalone Rs 556.74 cr, up 13% YoY) with net profit of Rs 12.04 cr. Materials make up 60.4% of revenue, employees 14.5%, other opex 11.9%, depreciation 8.3% and capex 19.2%. The company has three subsidiaries — DriveSys Systems, Metacast Auto, and OriveSys Systems — through which it is expanding capacity: Metacast Auto's casting capacity is being raised from 10,000 to 25,000 metric tonnes per annum with a Rs 25 cr investment, and the DriveSys aluminium project budget has been raised to Rs 150 cr (Rs 118 cr already spent). It has also signed a framework cooperation agreement with Hubei Tri-Ring Motor Steering Gear (China) to develop EHPAS assemblies in India.