External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited / Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited

<ul><li>Wabco India (WIL), now part of the ZF Group, is the market leader in the CV braking space and a technology-focused complete solutions provider</li><li>FY21 channel mix – OEM 41%, aftermarket 16%, exports 43%</li><li>Target Price and Valuation: Introducing FY24E numbers, we now value the company at Rs 9,530 i.e. 50x P/E on FY24E EPS (earlier target price Rs 8,800</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Wabco India (WIL), now part of the ZF Group, is the market leader in the CV braking space and a technology-focused complete solutions providerFY21 channel mix – OEM 41%, aftermarket 16%, exports 43%Target Price and Valuation: Introducing FY24E numbers, we now value the company at Rs 9,530 i.e. 50x P/E on FY24E EPS (earlier target price Rs 8,800Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Wabco India: Domestic Capex Cycle Beneficiary, CV Recovery Play

India

ZF Commercial Vehicle Control Systems India Limited manufactures automotive parts.  The Company produces electronic braking, stability, and suspension and transmission control systems for heavy-duty commercial trucks, trailers and buses.

ZF Commercial Vehicle Control Systems India Limited (WIL IN)

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Wabco India: Domestic Capex Cycle Beneficiary, CV Recovery Play

Recent announcements in Union Budget 2022-23 i.e. robust allocation of Rs 7.5 lakh crore (up 35% YoY) as capital expenditure for FY23E & extension...

ICICI Securities Limited