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TVS Motor Company Limited TVSMOTOR NSE

Consumer Cyclical · Auto Manufacturers · India
https://www.tvsmotor.com

TVS Motor Company Limited, together with its subsidiaries, engages in the manufacture and sale of automotive vehicles and components, spare parts, and accessories in India and South Africa. It operates through Automotive Vehicles & Parts and Related Investments; and Investment Held in Financial Services segments. The company offers motorcycles under the Apache RTR, Apache RR, Ronin, Raider, Radeon, StaR City+, and Sport brand names; scooters under the Jupiter, Jupiter 1255, Ntorq, and Zest 110 brands; electric vehicles under the TVS X and iQUBE brands; mopeds under the XL 100 brand name; and three wheelers under the TVS King brand name. It also provides e-bikes under the Cilo, Simpel, and Allegro brands; e-cargo bikes and accessories; electric mobility, predictive analytics, and industrial IoT solutions; and financing services for two-wheelers. In addition, the company is involved procurement, refurbishment, and retailing of the pre-owned multi-brand two-wheeler motorcycles and scooters; and development, design, manufacture, sale and distribution of high-tech products and components in the field of personal e-mobility. The company was incorporated in 1992 and is headquartered in Chennai, India. TVS Motor Company Limited operates as a subsidiary of TVS Holdings Limited.

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₹3,355.70
+19.90% 1Y

Market & Price

Market Cap
₹1.59 L Cr
Current Price
₹3,355.70
High / Low (52W)
₹3,940.43 / ₹2,708.13
Beta
0.08

Valuation

Stock P/E
52.91
Industry PE
26.67
Forward P/E
30.45
PEG Ratio
-
Book Value
₹170.79
Price to Book
19.65
P/S
2.84
EV/EBITDA
22.37
Dividend Yield
0.36%

Profitability & Returns

ROCE
28.86%
ROE
31.62%
ROA
8.55%
Profit Margin
5.38%
Op Margin
12.48%
EPS (Latest Qtr)
₹16.24
EPS (TTM)
₹63.42

Balance Sheet & Liquidity

Debt/Equity
3.06
Quick Ratio
0.24
Current Ratio
0.98
Debt
₹32,791.01 Cr
Total Assets
₹56,500.62 Cr
Current Assets
₹31,469.43 Cr
Working Capital
₹-598.25 Cr

Ownership

Promoter Holding
52.21%
Chg in Prom Hold
-
FII / Inst Holding
29.70%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
₹1.88 L Cr
Total Revenue (TTM)
₹56,091.53 Cr
EBITDA
₹8,415.34 Cr
Free Cash Flow
₹-960.13 Cr
Operating Cash Flow
₹1,866.59 Cr
Shares Outstanding
₹47.50 Cr
Gross Margin
37.82%
Payout Ratio
18.89%

Growth (CAGR)

Revenue 5Y
26.91%
Profit 5Y
31.46%
Revenue (YoY)
31.30%
Earnings (YoY)
19.10%

PROS

  • Strong return on equity of 31.6%.
  • Healthy ROCE of 28.9%.
  • Compounding revenue at 26.9% over 5 years.
  • Profit CAGR of 31.5% over 5 years.

CONS

  • Trading at a high P/E of 52.9.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TVSMOTOR TVS Motor Company Limited NSE 3,355.70 52.91 ₹1.59 L Cr 0.36% 28.86% 31.62% 26.91% 31.46%
2 MARUTI Maruti Suzuki India Limited NIFTY50NSEAI 13,127.00 28.09 ₹4.13 L Cr 1.07% 17.22% 14.43% 16.60% 21.11%
3 M&M Mahindra & Mahindra Limited NIFTY50NSEAI 3,045.60 20.00 ₹3.66 L Cr 1.08% 17.26% 18.75% 18.44% 18.48%
4 TITAN Titan Company Limited NIFTY50NSE 4,074.90 71.43 ₹3.61 L Cr 0.27% 38.43% 37.13% 23.83% 16.00%
5 ETERNAL Eternal Limited NSEAITECH 250.58 626.45 ₹2.30 L Cr - 2.87% 1.19% 97.70% 45.90%
6 EICHERMOT Eicher Motors Limited NIFTY50NSEAI 7,177.00 35.71 ₹1.97 L Cr 0.98% 26.43% 23.77% 17.47% 23.70%
7 HYUNDAI HYUNDAI MOTOR INDIA LTD NSE 1,924.00 28.82 ₹1.56 L Cr 1.09% 32.62% 29.92% 5.50% 4.87%
8 MOTHERSON Samvardhana Motherson International Limited NSEAI 145.74 39.82 ₹1.53 L Cr 0.41% 11.82% 10.11% 17.10% 37.17%
9 TRENT Trent Limited NIFTY50NSE 4,224.00 86.95 ₹1.50 L Cr 0.14% 28.23% 27.13% 35.26% 56.97%
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Quarterly Results

Figures in INR.

Metric Dec 2024Mar 2025Jun 2025Dec 2025Mar 2026
Revenue 11,034.88 Cr11,542.00 Cr12,210.05 Cr14,755.52 Cr15,052.73 Cr
Cost of Revenue 6,676.75 Cr6,972.25 Cr7,496.16 Cr9,131.49 Cr9,525.43 Cr
Gross Profit 4,358.13 Cr4,569.75 Cr4,713.89 Cr5,624.03 Cr5,527.30 Cr
Operating Expenses 2,962.39 Cr2,941.85 Cr3,214.88 Cr3,676.66 Cr3,654.93 Cr
Operating Income 1,395.74 Cr1,627.90 Cr1,499.01 Cr1,947.37 Cr1,872.37 Cr
EBITDA 1,698.08 Cr1,835.48 Cr1,842.58 Cr2,207.03 Cr2,178.49 Cr
Interest Expense 536.09 Cr550.80 Cr550.56 Cr561.05 Cr565.82 Cr
Pretax Income 903.56 Cr992.88 Cr977.19 Cr1,323.13 Cr1,298.13 Cr
Tax Provision 298.71 Cr306.18 Cr334.33 Cr431.87 Cr478.58 Cr
Net Income 566.03 Cr648.16 Cr610.04 Cr841.29 Cr771.52 Cr
Diluted EPS 11.9113.6412.8417.7116.24

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -27,433.68 Cr32,668.46 Cr44,089.01 Cr56,069.52 Cr
Cost of Revenue -20,905.66 Cr24,325.47 Cr26,723.84 Cr34,879.76 Cr
Gross Profit -6,528.02 Cr8,342.99 Cr17,365.17 Cr21,189.76 Cr
Operating Expenses -7,075.01 Cr8,924.34 Cr11,762.01 Cr14,069.07 Cr
Operating Income --546.99 Cr-581.35 Cr5,603.16 Cr7,120.69 Cr
EBITDA -4,150.74 Cr5,548.63 Cr6,644.16 Cr8,324.20 Cr
Interest Expense -1,355.85 Cr1,905.89 Cr2,093.25 Cr2,229.82 Cr
Pretax Income -1,936.03 Cr2,667.62 Cr3,505.35 Cr4,821.74 Cr
Tax Provision -626.57 Cr914.04 Cr1,155.45 Cr1,635.31 Cr
Net Income -1,328.67 Cr1,686.37 Cr2,235.56 Cr3,018.33 Cr
Diluted EPS -27.9735.5047.0563.53

Compounded Sales Growth

5 Years:26.91%
1 Year:31.30%

Compounded Profit Growth

5 Years:31.46%
1 Year:19.10%

Stock Price Performance

1 Year:+19.90%
6 Months:-2.33%
3 Months:-11.76%
1 Month:-3.93%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -35,232.91 Cr42,220.46 Cr47,936.91 Cr56,500.62 Cr
Current Assets -17,024.28 Cr21,520.01 Cr25,984.25 Cr31,469.43 Cr
Cash & Equivalents -1,851.19 Cr2,355.80 Cr4,115.00 Cr3,926.45 Cr
Inventory -1,921.51 Cr2,248.40 Cr2,416.58 Cr2,459.20 Cr
Receivables -1,256.42 Cr1,839.42 Cr1,716.75 Cr2,654.13 Cr
Total Liabilities -29,323.06 Cr34,709.35 Cr38,494.64 Cr45,787.76 Cr
Current Liabilities -19,218.70 Cr21,078.21 Cr23,173.54 Cr32,067.68 Cr
Long Term Debt -9,064.08 Cr12,629.32 Cr13,932.68 Cr12,486.26 Cr
Total Debt -22,375.58 Cr26,005.70 Cr28,608.71 Cr32,791.01 Cr
Total Equity -5,505.00 Cr6,783.51 Cr8,503.38 Cr9,564.25 Cr
Shares Outstanding -47.51 Cr47.51 Cr47.51 Cr47.51 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --4,404.81 Cr-1,252.67 Cr3,502.92 Cr1,866.59 Cr
Investing Cash Flow --1,307.76 Cr-1,481.36 Cr-2,898.96 Cr-2,964.47 Cr
Financing Cash Flow -6,118.08 Cr3,238.64 Cr1,155.24 Cr909.33 Cr
Capital Expenditure --1,340.77 Cr-1,145.17 Cr-2,478.06 Cr-3,235.08 Cr
Free Cash Flow --5,745.58 Cr-2,397.84 Cr1,024.86 Cr-1,368.49 Cr
Net Change in Cash -405.51 Cr504.61 Cr1,759.20 Cr-188.55 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -23.8%25.5%39.4%37.8%
Operating Margin % --2.0%-1.8%12.7%12.7%
Net Margin % -4.8%5.2%5.1%5.4%
ROE % -24.1%24.9%26.3%31.6%
ROCE % --3.4%-2.7%22.6%29.1%

Shareholding Pattern

Insiders
52.21%
Institutions
29.70%
Public Float
62.15%

Analyst View

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