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.

It posted a fantastic set of numbers for Q4Fy15, riding high on a lower base effect. Its net profit soared by a whopping 250% (YoY) to Rs.14 crore and this was on a 17% rise in net sales at Rs.95 crore. A 57% drop in tax outgo also helped boost the bottomline. Costs were up 18%, EBITDA came in at Rs.20 crore, up 18% and margins were marginally up from 20.73% to 20.83%. It ended FY15 with a net profit of Rs.35 crore, up 150%.

The company is debt free. Equity is pretty small at Rs.9.07 crore and reserves is at Rs.239 crore.