TVS Motor Company Ltd

TVS Motor Co. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TVS Motor Company Ltd

₹ 2,785 1.25%
21 May 10:22 a.m.
tvsmotor.com BSE: 532343 NSE: TVSMOTOR
About

TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. [1]

Key Points

Overview[1]
TVSM is one of the leading players in the two-wheeler industry and is the only company to have a presence in all the three categories, i.e., motorcycles, scooters, and mopeds, catering to both domestic and international
markets. TVSM is also the only company to have a presence in the moped segment for the domestic market.

Website BSE NSE
  • Market Cap ₹ 1,32,295 Cr.
  • Current Price ₹ 2,785
  • High / Low ₹ 2,958 / 2,069
  • Stock P/E 48.8
  • Book Value ₹ 209
  • Dividend Yield 0.36 %
  • ROCE 34.8 %
  • ROE 30.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 34.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
  • Company has been maintaining a healthy dividend payout of 17.2%

Cons

  • Stock is trading at 13.2 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds

Part of BSE 500 BSE 100 BSE 200 Nifty Next 50 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
5,530 6,009 7,219 6,545 6,605 7,218 8,145 8,245 8,169 8,376 9,228 9,097 9,550
4,973 5,409 6,483 5,886 5,925 6,454 7,245 7,321 7,243 7,415 8,148 8,016 8,218
Operating Profit 557 599 737 659 680 764 900 924 926 960 1,080 1,081 1,333
OPM % 10% 10% 10% 10% 10% 11% 11% 11% 11% 11% 12% 12% 14%
8 22 1 6 70 58 46 73 -29 36 30 -23 14
Interest 33 38 35 32 36 47 52 45 37 37 32 34 36
Depreciation 159 152 154 158 167 164 170 178 189 176 181 188 199
Profit before tax 373 432 549 475 547 610 724 775 672 783 897 837 1,112
Tax % 26% 26% 26% 26% 25% 23% 26% 23% 28% 26% 26% 26% 23%
274 321 407 353 410 468 537 593 485 577 663 618 852
EPS in Rs 5.78 6.75 8.58 7.42 8.64 9.84 11.29 12.49 10.22 12.15 13.95 13.02 17.94
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
7,966 10,042 11,105 12,135 15,175 18,210 16,423 16,751 20,791 26,378 31,776 36,251
7,484 9,436 10,291 11,276 14,000 16,775 15,077 15,320 18,829 23,703 28,262 31,797
Operating Profit 482 607 813 859 1,175 1,435 1,346 1,430 1,962 2,675 3,514 4,454
OPM % 6% 6% 7% 7% 8% 8% 8% 9% 9% 10% 11% 12%
27 30 100 171 99 6 -0 31 -11 101 149 58
Interest 25 27 49 44 57 81 102 142 126 141 182 139
Depreciation 132 153 236 288 339 399 489 494 611 631 700 745
Profit before tax 353 456 629 699 879 961 754 826 1,213 2,003 2,781 3,629
Tax % 26% 24% 22% 20% 25% 30% 21% 26% 26% 26% 25% 25%
262 348 489 558 663 670 592 612 894 1,491 2,083 2,711
EPS in Rs 5.51 7.32 10.30 11.75 13.95 14.11 12.47 12.88 18.81 31.38 43.84 57.05
Dividend Payout % 25% 26% 24% 21% 24% 25% 28% 27% 20% 16% 18% 18%
Compounded Sales Growth
10 Years: 14%
5 Years: 17%
3 Years: 20%
TTM: 14%
Compounded Profit Growth
10 Years: 23%
5 Years: 35%
3 Years: 44%
TTM: 37%
Stock Price CAGR
10 Years: 28%
5 Years: 54%
3 Years: 59%
1 Year: 28%
Return on Equity
10 Years: 25%
5 Years: 26%
3 Years: 29%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 1,368 1,598 1,911 2,361 2,833 3,300 3,571 4,123 4,775 6,000 7,684 9,889
528 970 924 1,107 1,189 1,400 2,132 1,230 1,963 2,663 1,964 2,036
1,622 1,989 2,069 2,389 3,087 3,622 3,604 4,797 5,118 5,281 6,368 7,990
Total Liabilities 3,565 4,605 4,952 5,905 7,156 8,369 9,353 10,197 11,902 13,992 16,062 19,963
1,126 1,330 1,720 1,984 2,372 2,579 2,900 3,010 3,307 3,596 3,772 4,943
CWIP 48 89 31 62 131 257 285 279 424 628 930 642
Investments 896 1,012 1,215 1,588 2,035 2,301 2,606 3,315 4,716 5,684 6,991 9,271
1,495 2,173 1,987 2,271 2,618 3,232 3,562 3,594 3,455 4,085 4,369 5,106
Total Assets 3,565 4,605 4,952 5,905 7,156 8,369 9,353 10,197 11,902 13,992 16,062 19,963

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
524 85 941 724 1,297 1,098 1,394 2,561 1,498 1,993 3,617 4,266
-260 -493 -608 -748 -1,131 -1,002 -1,289 -921 -2,141 -2,312 -1,896 -3,871
-198 331 -306 -73 -75 81 271 -1,196 113 225 -1,470 -587
Net Cash Flow 66 -78 27 -97 91 177 375 445 -530 -94 251 -192

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 15 18 19 22 23 28 28 19 17 14 15 13
Inventory Days 35 41 32 40 32 31 31 33 26 23 21 24
Days Payable 64 74 71 77 82 77 87 112 93 75 80 87
Cash Conversion Cycle -14 -15 -20 -15 -27 -18 -27 -60 -50 -39 -43 -50
Working Capital Days -8 7 -7 -2 -12 -5 -13 -43 -33 -22 -28 -29
ROCE % 20% 21% 23% 23% 24% 24% 17% 17% 22% 27% 31% 35%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.81% 50.81% 50.27% 50.27% 50.27% 50.27% 50.27% 50.27% 50.27% 50.27% 50.27% 50.27%
9.85% 12.64% 14.45% 17.02% 18.13% 18.51% 19.27% 20.83% 21.05% 22.33% 21.20% 21.48%
30.74% 27.61% 26.85% 24.39% 23.41% 23.10% 21.79% 20.26% 20.13% 19.02% 19.99% 19.73%
8.60% 8.96% 8.44% 8.33% 8.19% 8.12% 8.68% 8.64% 8.56% 8.33% 8.45% 8.45%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07%
No. of Shareholders 1,83,5631,93,4111,94,3051,94,3471,98,0022,02,5582,42,0942,60,6182,69,7762,69,0302,92,4893,01,308

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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