TVS Holdings Ltd
Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. [1] Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
- Market Cap ₹ 28,351 Cr.
- Current Price ₹ 14,013
- High / Low ₹ 16,297 / 10,256
- Stock P/E 87.9
- Book Value ₹ 869
- Dividend Yield 0.66 %
- ROCE 15.5 %
- ROE 19.2 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 54.5%
Cons
- Stock is trading at 16.1 times its book value
- The company has delivered a poor sales growth of -16.6% over past five years.
- Tax rate seems low
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,346 | 1,418 | 1,395 | 1,643 | 1,833 | 1,424 | 1,278 | 1,834 | 2,198 | 1,608 | 638 | 517 | |
| 1,223 | 1,278 | 1,261 | 1,630 | 1,653 | 1,183 | 1,026 | 1,508 | 1,825 | 1,095 | 169 | 56 | |
| Operating Profit | 124 | 139 | 133 | 13 | 180 | 241 | 252 | 326 | 373 | 513 | 470 | 461 |
| OPM % | 9% | 10% | 10% | 1% | 10% | 17% | 20% | 18% | 17% | 32% | 74% | 89% |
| 58 | 110 | 76 | 94 | 98 | -24 | -4 | 2,121 | 100 | 34 | 6 | -0 | |
| Interest | 37 | 32 | 29 | 34 | 55 | 55 | 48 | 45 | 46 | 99 | 63 | 85 |
| Depreciation | 60 | 55 | 61 | 73 | 92 | 93 | 78 | 102 | 100 | 38 | 2 | 2 |
| Profit before tax | 84 | 163 | 120 | 1 | 130 | 69 | 123 | 2,300 | 327 | 410 | 410 | 373 |
| Tax % | 16% | 11% | 12% | -6,438% | 8% | 1% | 38% | 1% | 16% | 17% | 14% | 14% |
| 71 | 144 | 106 | 55 | 120 | 69 | 76 | 2,277 | 273 | 339 | 352 | 322 | |
| EPS in Rs | 35.23 | 71.50 | 52.27 | 27.19 | 59.24 | 34.01 | 37.54 | 1,127.07 | 135.20 | 167.69 | 174.34 | 159.55 |
| Dividend Payout % | 54% | 57% | 60% | 55% | 61% | 91% | 69% | 4% | 44% | 56% | 53% | 54% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -17% |
| 3 Years: | -38% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 31% |
| 3 Years: | 18% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 34% |
| 3 Years: | 51% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 23% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 364 | 493 | 602 | 654 | 679 | 584 | 706 | 2,890 | 700 | 1,439 | 1,601 | 1,744 |
| 378 | 369 | 354 | 666 | 724 | 720 | 674 | 765 | 3,017 | 550 | 944 | 1,593 | |
| 225 | 261 | 293 | 464 | 320 | 287 | 418 | 562 | 548 | 414 | 211 | 277 | |
| Total Liabilities | 978 | 1,134 | 1,259 | 1,794 | 1,733 | 1,601 | 1,808 | 4,228 | 4,275 | 2,414 | 2,766 | 3,625 |
| 409 | 435 | 495 | 617 | 747 | 733 | 713 | 671 | 623 | 14 | 10 | 9 | |
| CWIP | 9 | 22 | 37 | 82 | 13 | 13 | 12 | 9 | 57 | 0 | 4 | 2 |
| Investments | 61 | 137 | 215 | 281 | 295 | 232 | 386 | 404 | 832 | 1,970 | 2,268 | 3,002 |
| 499 | 539 | 513 | 812 | 677 | 623 | 698 | 3,143 | 2,764 | 429 | 485 | 612 | |
| Total Assets | 978 | 1,134 | 1,259 | 1,794 | 1,733 | 1,601 | 1,808 | 4,228 | 4,275 | 2,414 | 2,766 | 3,625 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 85 | 129 | 169 | -59 | 171 | 182 | 125 | 65 | 528 | 595 | 105 | 42 | |
| -41 | -2 | -62 | -188 | -98 | 56 | -45 | -106 | -242 | 1,966 | -191 | -732 | |
| -62 | -53 | -107 | 124 | 89 | -162 | -106 | 21 | -283 | -2,473 | 211 | 474 | |
| Net Cash Flow | -18 | 75 | -0 | -123 | 162 | 76 | -26 | -20 | 3 | 88 | 126 | -216 |
| Free Cash Flow | 12 | 31 | 46 | -301 | 17 | 158 | 70 | 6 | 429 | 1,232 | 108 | 42 |
| CFO/OP | 72% | 101% | 135% | -418% | 100% | 76% | 53% | 28% | 156% | 123% | 61% | 24% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 48 | 45 | 64 | 43 | 41 | 65 | 57 | 46 | 6 | 8 | 9 |
| Inventory Days | 105 | 123 | 129 | 162 | 132 | 162 | 198 | 157 | 114 | 3 | 0 | |
| Days Payable | 67 | 82 | 99 | 170 | 87 | 108 | 180 | 150 | 128 | 39 | ||
| Cash Conversion Cycle | 87 | 89 | 76 | 56 | 88 | 96 | 84 | 64 | 33 | -30 | 8 | 9 |
| Working Capital Days | 4 | 4 | 6 | -15 | -4 | 62 | 70 | 40 | 34 | -82 | -110 | 0 |
| ROCE % | 16% | 23% | 16% | 3% | 14% | 11% | 14% | 9% | 8% | 17% | 21% | 16% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Market value of TVS Holdings' stake in TVS Motor Company ₹ Crore |
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| TVS Credit Services book size (Assets Under Management) ₹ Crore |
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| TVS Credit Services disbursements ₹ Crore |
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| Dividend income received from TVS Motor Company ₹ Crore |
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| TVS Motor Company two-wheeler sales volume million units |
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| Home Credit India Finance (HCIF) Assets Under Management ₹ Crore |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
1d - TVS Holdings subsidiary Home Credit India to acquire 100% of Varthana Finance for Rs 967 crore, pending RBI approval.
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Board Meeting Intimation for Considering And Approving, Inter-Alia, Unaudited (Limited Reviewed) Financial Results For The Quarter Ended 30Th June 2026 (Standalone And Consolidated)
10 Jul - Board meeting on 21 July 2026 to approve Q1 FY2027 standalone and consolidated results.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 10 Jul
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 9 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Submitted Regulation 74(5) certificate for quarter ended 30 June 2026.
Annual reports
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Financial Year 2026
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Business Overview[1]
Co. received Core Investment Company (CIC) licence from the RBI in Mar 2024. It also had a spare parts trading (mainly TVSM parts) business, which generated revenue of Rs 300-400 crore per annum, but with nominal profitability. As part of the CIC approval, the spare parts trading business has ceased to exist from October 2024. Currently, the company holds 50.26% stake in TVS Motors Company Ltd which is valued over Rs 81,936 cr as on Sep 29, 2025.