{"id":300578,"date":"2026-10-12T09:42:25","date_gmt":"2026-10-12T04:12:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=300578"},"modified":"2026-10-12T09:42:25","modified_gmt":"2026-10-12T04:12:25","slug":"zf-steering-gear-vs-ip-rings-vs-pavna-industries","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/","title":{"rendered":"ZF Steering Gear vs IP Rings vs Pavna Industries: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>ZF Steering Gear (India) PE 38.15, mkt cap Rs 622 crore. IP Rings PE 56.65, mkt cap Rs 175 crore. Pavna Industries PE 26.46, mkt cap Rs 210 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">ZF Steering Gear (India) vs IP Rings vs Pavna Industries is a side-by-side comparison of three companies from the auto components space. On this comparison, ZF Steering Gear (India) carries a market capitalisation of about Rs 622 crore, against Rs 175 crore for IP Rings and Rs 210 crore for Pavna Industries, with return on equity of 3.20%, 2.48% and 3.09% respectively. Each company&#8217;s numbers are presented here without a declared preference, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>ZF Steering Gear (India) vs IP Rings vs Pavna Industries starts with the core numbers most investors compare within the auto components segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the auto components bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=zf-steering-gear-vs-ip-rings-vs-pavna-industries\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries_Company_Overview\" title=\"ZF Steering Gear (India), IP Rings and Pavna Industries: Company Overview\">ZF Steering Gear (India), IP Rings and Pavna Industries: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Valuation_and_Profitability_Snapshot\" title=\"ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Valuation and Profitability Snapshot\">ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Latest_Quarterly_Results\" title=\"ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Latest Quarterly Results\">ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Five-Quarter_Revenue_and_Net_Profit_Trend\" title=\"ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Five-Quarter Revenue and Net Profit Trend\">ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Five-Quarter Revenue and Net Profit Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#FAQs_on_ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries\" title=\"FAQs on ZF Steering Gear (India) vs IP Rings vs Pavna Industries\">FAQs on ZF Steering Gear (India) vs IP Rings vs Pavna Industries<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#What_is_the_market_cap_difference_between_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\" title=\"What is the market cap difference between ZF Steering Gear (India), IP Rings and Pavna Industries?\">What is the market cap difference between ZF Steering Gear (India), IP Rings and Pavna Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#What_are_the_PE_and_PB_ratios_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\" title=\"What are the PE and PB ratios of ZF Steering Gear (India), IP Rings and Pavna Industries?\">What are the PE and PB ratios of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#What_is_the_debt_to_equity_ratio_for_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\" title=\"What is the debt to equity ratio for ZF Steering Gear (India), IP Rings and Pavna Industries?\">What is the debt to equity ratio for ZF Steering Gear (India), IP Rings and Pavna Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#What_were_the_latest_quarterly_revenue_and_net_profit_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\" title=\"What were the latest quarterly revenue and net profit of ZF Steering Gear (India), IP Rings and Pavna Industries?\">What were the latest quarterly revenue and net profit of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/zf-steering-gear-vs-ip-rings-vs-pavna-industries\/#Does_this_comparison_recommend_one_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\" title=\"Does this comparison recommend one of ZF Steering Gear (India), IP Rings and Pavna Industries?\">Does this comparison recommend one of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries_Company_Overview\"><\/span><strong>ZF Steering Gear (India), IP Rings and Pavna Industries: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>ZF Steering Gear (India)<\/strong> is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 622 crore, a return on equity of 3.20% and a book value of Rs 530.69 per share. Its quarterly revenue moved from Rs 138.33 crore in June 2025 to Rs 157.85 crore in June 2026, a change of +14.1%.<\/p>\n<p><strong>IP Rings<\/strong> is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 175 crore, a return on equity of 2.48% and a book value of Rs 81.33 per share. Its quarterly revenue moved from Rs 81.95 crore in June 2025 to Rs 97.14 crore in June 2026, a change of +18.5%.<\/p>\n<p><strong>Pavna Industries<\/strong> is a listed Indian company in the auto components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 210 crore, a return on equity of 3.09% and a book value of Rs 14.64 per share. Its quarterly revenue moved from Rs 60.57 crore in June 2025 to Rs 92.15 crore in June 2026, a change of +52.1%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Valuation_and_Profitability_Snapshot\"><\/span><strong>ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/zfsteering\/zf-steering-gear-(india)-ltd-share-price-today\">ZF Steering Gear (India)<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/ipringltd\/ip-rings-ltd-share-price-today\">IP Rings<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/pavnaind\/pavna-industries-ltd-share-price-today\">Pavna Industries<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 622 crore<\/td>\n<td>Rs 175 crore<\/td>\n<td>Rs 210 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>38.15<\/td>\n<td>56.65<\/td>\n<td>26.46<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>1.29<\/td>\n<td>1.70<\/td>\n<td>1.03<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>3.20%<\/td>\n<td>2.48%<\/td>\n<td>3.09%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>17.98<\/td>\n<td>2.44<\/td>\n<td>0.57<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<td>0.00%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.22<\/td>\n<td>1.19<\/td>\n<td>0.51<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>530.69<\/td>\n<td>81.33<\/td>\n<td>14.64<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, ZF Steering Gear (India) trades at a PE of 38.15 and a PB of 1.29, IP Rings at a PE of 56.65 and a PB of 1.70, while Pavna Industries trades at a PE of 26.46 and a PB of 1.03. On return on equity, the three post 3.20%, 2.48% and 3.09% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%. ZF Steering Gear (India) has the highest market capitalisation of the three at Rs 622 crore, while IP Rings has the lowest at Rs 175 crore. IP Rings has the highest PE ratio of the three at 56.65, while Pavna Industries has the lowest at 26.46. ZF Steering Gear (India) has the highest return on equity of the three at 3.20%, while IP Rings has the lowest at 2.48%. IP Rings has the highest debt to equity ratio of the three at 1.19, while ZF Steering Gear (India) has the lowest at 0.22. Debt to equity is 0.22, 1.19 and 0.51 for the three respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Latest_Quarterly_Results\"><\/span><strong>ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<th>YoY Change (Net Profit)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>ZF Steering Gear (India)<\/td>\n<td>Rs 157.85 crore<\/td>\n<td>Rs 11.42 crore<\/td>\n<td>+14.1%<\/td>\n<td>-10.2%<\/td>\n<td>+59.7%<\/td>\n<\/tr>\n<tr>\n<td>IP Rings<\/td>\n<td>Rs 97.14 crore<\/td>\n<td>Rs 1.54 crore<\/td>\n<td>+18.5%<\/td>\n<td>+8.2%<\/td>\n<td>+805.9%<\/td>\n<\/tr>\n<tr>\n<td>Pavna Industries<\/td>\n<td>Rs 92.15 crore<\/td>\n<td>Rs 0.91 crore<\/td>\n<td>+52.1%<\/td>\n<td>+67.4%<\/td>\n<td>NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries_Five-Quarter_Revenue_and_Net_Profit_Trend\"><\/span><strong>ZF Steering Gear (India) vs IP Rings vs Pavna Industries: Five-Quarter Revenue and Net Profit Trend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in ZF Steering Gear (India) vs IP Rings vs Pavna Industries, which helps separate a one-quarter move from a steadier pattern.<\/p>\n<p><strong>Quarterly revenue (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>ZF Steering Gear (India)<\/th>\n<th>IP Rings<\/th>\n<th>Pavna Industries<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 138.33 crore<\/td>\n<td>Rs 81.95 crore<\/td>\n<td>Rs 60.57 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>Rs 121.51 crore<\/td>\n<td>Rs 84.91 crore<\/td>\n<td>Rs 75.02 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>Rs 145.37 crore<\/td>\n<td>Rs 86.53 crore<\/td>\n<td>Rs 108.92 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>Rs 175.71 crore<\/td>\n<td>Rs 89.81 crore<\/td>\n<td>Rs 55.04 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>Rs 157.85 crore<\/td>\n<td>Rs 97.14 crore<\/td>\n<td>Rs 92.15 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Quarterly net profit (Rs crore)<\/strong><\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>ZF Steering Gear (India)<\/th>\n<th>IP Rings<\/th>\n<th>Pavna Industries<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>June 2025<\/td>\n<td>Rs 7.15 crore<\/td>\n<td>Rs 0.17 crore<\/td>\n<td>-Rs 1.72 crore<\/td>\n<\/tr>\n<tr>\n<td>September 2025<\/td>\n<td>-Rs 1.50 crore<\/td>\n<td>Rs 0.31 crore<\/td>\n<td>Rs 1.68 crore<\/td>\n<\/tr>\n<tr>\n<td>December 2025<\/td>\n<td>Rs 7.28 crore<\/td>\n<td>Rs 0.11 crore<\/td>\n<td>Rs 3.02 crore<\/td>\n<\/tr>\n<tr>\n<td>March 2026<\/td>\n<td>-Rs 0.89 crore<\/td>\n<td>Rs 1.13 crore<\/td>\n<td>Rs 2.41 crore<\/td>\n<\/tr>\n<tr>\n<td>June 2026<\/td>\n<td>Rs 11.42 crore<\/td>\n<td>Rs 1.54 crore<\/td>\n<td>Rs 0.91 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>ZF Steering Gear (India) reported revenue of Rs 138.33 crore in June 2025 and Rs 157.85 crore in June 2026, a change of +14.1% across the period. Its highest quarterly revenue in this window was Rs 175.71 crore in March 2026. Net profit stood at Rs 11.42 crore in June 2026, which is a net profit margin of 7.23%. ZF Steering Gear (India) reported a net loss in September 2025 and March 2026.<\/p>\n<p>IP Rings reported revenue of Rs 81.95 crore in June 2025 and Rs 97.14 crore in June 2026, a change of +18.5% across the period. Its highest quarterly revenue in this window was Rs 97.14 crore in June 2026. Net profit stood at Rs 1.54 crore in June 2026, which is a net profit margin of 1.59%.<\/p>\n<p>Pavna Industries reported revenue of Rs 60.57 crore in June 2025 and Rs 92.15 crore in June 2026, a change of +52.1% across the period. Its highest quarterly revenue in this window was Rs 108.92 crore in December 2025. Net profit stood at Rs 0.91 crore in June 2026, which is a net profit margin of 0.99%. Pavna Industries reported a net loss in June 2025.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track ZF Steering Gear (India), IP Rings and Pavna Industries live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three auto components names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as vehicle production volumes, customer concentration, commodity costs and the small revenue base. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.<\/p>\n<p>It also helps to read the latest quarterly filings and investor presentations of ZF Steering Gear (India), IP Rings and Pavna Industries directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ZF Steering Gear (India) vs IP Rings vs Pavna Industries highlights how differently three companies in the same auto components segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of October 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_ZF_Steering_Gear_India_vs_IP_Rings_vs_Pavna_Industries\"><\/span><strong>FAQs on ZF Steering Gear (India) vs IP Rings vs Pavna Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\"><\/span><strong>What is the market cap difference between ZF Steering Gear (India), IP Rings and Pavna Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, ZF Steering Gear (India) has a market cap of approximately Rs 622 crore, IP Rings is at approximately Rs 175 crore, and Pavna Industries is at approximately Rs 210 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_PE_and_PB_ratios_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\"><\/span><strong>What are the PE and PB ratios of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of October 2026, the PE ratios stand at 38.15, 56.65 and 26.46 respectively, and the price to book ratios stand at 1.29, 1.70 and 1.03 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ZF Steering Gear (India), IP Rings and Pavna Industries post ROE of 3.20%, 2.48% and 3.09% respectively as of October 2026. ZF Steering Gear (India) has the highest return on equity of the three at 3.20%, while IP Rings has the lowest at 2.48%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ZF Steering Gear (India), IP Rings and Pavna Industries carry dividend yields of 0.00%, 0.00% and 0.00% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\"><\/span><strong>What is the debt to equity ratio for ZF Steering Gear (India), IP Rings and Pavna Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ZF Steering Gear (India) carries a debt to equity of 0.22, IP Rings of 1.19, and Pavna Industries of 0.51.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_latest_quarterly_revenue_and_net_profit_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\"><\/span><strong>What were the latest quarterly revenue and net profit of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> For Q1 FY27 (quarter ended June 2026), ZF Steering Gear (India) reported revenue of Rs 157.85 crore and net profit of Rs 11.42 crore, IP Rings reported revenue of Rs 97.14 crore and net profit of Rs 1.54 crore, and Pavna Industries reported revenue of Rs 92.15 crore and net profit of Rs 0.91 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_this_comparison_recommend_one_of_ZF_Steering_Gear_India_IP_Rings_and_Pavna_Industries\"><\/span><strong>Does this comparison recommend one of ZF Steering Gear (India), IP Rings and Pavna Industries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between ZF Steering Gear (India), IP Rings and Pavna Industries?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, ZF Steering Gear (India) has a market cap of approximately Rs 622 crore, IP Rings is at approximately Rs 175 crore, and Pavna Industries is at approximately Rs 210 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the PE and PB ratios of ZF Steering Gear (India), IP Rings and Pavna Industries?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of October 2026, the PE ratios stand at 38.15, 56.65 and 26.46 respectively, and the price to book ratios stand at 1.29, 1.70 and 1.03 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ZF Steering Gear (India), IP Rings and Pavna Industries post ROE of 3.20%, 2.48% and 3.09% respectively as of October 2026. 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