TVS Holdings Ltd

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

TVS Holdings Ltd

₹ 8,975 3.29%
02 May 12:34 p.m.
sundaram-clayton.com BSE: 520056 NSE : TVSHLTD
About

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.

Key Points

Brand Reputation
TVS Holdings Limited (Formerly known as Sundaram Clayton Limited) is one of the largest auto components manufacturing and distribution groups in India. TVSH is a leading supplier of aluminum die castings to the automotive and non-automotive sectors. [1]

Website BSE NSE
  • Market Cap ₹ 18,158 Cr.
  • Current Price ₹ 8,975
  • High / Low ₹ 9,685 / 3,136
  • Stock P/E 22.8
  • Book Value ₹ 1,190
  • Dividend Yield 1.04 %
  • ROCE 11.9 %
  • ROE 14.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 18.3%

Cons

  • Stock is trading at 7.47 times its book value
  • Company has a low return on equity of 12.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Castings, Forgings & Fastners Industry: Castings & Forgings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6,374 6,440 4,973 6,801 6,916 6,902 7,666 8,963 8,475 8,460 9,468 10,473 9,996
5,553 5,601 4,509 5,990 6,106 6,002 6,714 7,827 7,439 7,376 8,232 9,124 8,474
Operating Profit 822 839 464 811 810 900 953 1,136 1,036 1,084 1,236 1,350 1,522
OPM % 13% 13% 9% 12% 12% 13% 12% 13% 12% 13% 13% 13% 15%
15 6 -39 15 31 24 47 37 31 99 116 145 25
Interest 232 220 232 233 245 275 302 350 354 418 477 517 516
Depreciation 169 178 188 207 215 234 222 238 250 275 265 252 244
Profit before tax 436 447 4 386 380 415 475 585 463 490 611 726 787
Tax % 24% 31% 290% 30% 33% 26% 31% 33% 38% 34% 33% 37% 32%
331 307 -8 271 253 308 326 394 289 324 409 457 532
EPS in Rs 100.18 82.75 0.80 73.42 63.03 80.94 79.21 105.08 61.30 76.02 97.25 112.83 111.03
Raw PDF
Upcoming result date: 9 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
8,297 8,226 9,344 11,340 12,464 13,498 17,512 21,548 19,859 20,299 25,591 33,564 38,398
7,737 7,704 8,762 10,622 11,506 12,494 15,973 19,205 17,446 17,911 22,599 29,356 33,206
Operating Profit 561 522 582 717 959 1,004 1,539 2,343 2,412 2,388 2,992 4,209 5,192
OPM % 7% 6% 6% 6% 8% 7% 9% 11% 12% 12% 12% 13% 14%
46 133 68 98 102 171 121 28 -8 38 22 215 385
Interest 130 148 115 99 102 88 372 719 910 929 985 1,424 1,928
Depreciation 206 226 214 238 317 377 447 534 649 643 845 986 1,035
Profit before tax 270 282 320 478 641 710 841 1,118 845 854 1,184 2,013 2,614
Tax % 38% 31% 40% 29% 26% 23% 25% 33% 26% 31% 30% 34%
166 196 194 345 472 547 629 750 627 592 824 1,333 1,723
EPS in Rs 43.84 97.89 69.92 105.01 144.49 163.47 167.39 213.93 166.89 160.24 218.19 321.61 397.13
Dividend Payout % 10% 21% 37% 18% 28% 19% 9% 17% 19% 16% 20% 18%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 19%
TTM: 20%
Compounded Profit Growth
10 Years: 18%
5 Years: 12%
3 Years: 20%
TTM: 25%
Stock Price CAGR
10 Years: 30%
5 Years: 31%
3 Years: 50%
1 Year: 164%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 13%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 10 10 10 10 10 10 10 10 10 10 10
Reserves 689 885 1,111 1,278 1,513 1,857 2,141 2,464 2,453 2,894 5,069 3,231 2,393
1,679 1,482 1,090 1,497 1,461 1,665 7,593 10,022 12,314 12,853 16,593 25,789 26,403
1,834 1,907 2,345 2,740 3,233 3,785 5,016 5,674 5,835 7,551 8,662 10,093 14,087
Total Liabilities 4,212 4,283 4,555 5,525 6,216 7,317 14,761 18,170 20,612 23,309 30,334 39,123 42,893
1,772 1,980 1,909 2,040 2,468 2,851 3,627 4,030 4,460 4,850 6,339 6,931 6,081
CWIP 270 48 57 102 69 101 396 756 1,017 1,050 560 821 314
Investments 358 410 499 601 1,055 1,333 607 618 472 673 644 1,022 1,140
1,812 1,845 2,090 2,782 2,624 3,032 10,131 12,766 14,663 16,735 22,790 30,348 35,357
Total Assets 4,212 4,283 4,555 5,525 6,216 7,317 14,761 18,170 20,612 23,309 30,334 39,123 42,893

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
482 459 567 138 1,075 838 324 -710 458 1,215 -1,548 -4,111
-492 -114 -22 -461 -715 -818 -1,379 -1,324 -1,055 -979 -1,705 -1,439
13 -395 -474 179 -373 -61 1,198 2,085 1,795 261 3,116 5,979
Net Cash Flow 4 -50 71 -144 -13 -40 143 51 1,199 496 -137 429

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 20 20 19 19 23 27 29 29 22 20 16
Inventory Days 55 55 49 58 48 55 44 41 42 46 44 40
Days Payable 55 63 67 77 76 83 94 84 96 125 107 93
Cash Conversion Cycle 17 13 3 -0 -8 -5 -22 -14 -25 -57 -44 -37
Working Capital Days 2 6 2 15 -0 2 37 59 47 71 81 94
ROCE % 15% 12% 15% 18% 20% 19% 16% 15% 12% 11% 11% 12%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 74.46% 74.46% 74.46% 74.47% 74.47% 74.47% 74.45% 74.45% 74.45% 74.45%
0.32% 0.30% 1.14% 1.12% 1.18% 1.23% 1.27% 0.81% 0.97% 0.99% 1.13% 2.31%
14.25% 14.23% 14.28% 14.08% 14.14% 13.98% 13.28% 12.59% 12.38% 12.56% 12.20% 11.19%
10.43% 10.47% 10.12% 10.33% 10.22% 10.34% 10.98% 12.13% 12.22% 11.98% 12.21% 12.04%
No. of Shareholders 18,65219,93418,56321,91020,92820,74322,15822,91322,58622,31724,09924,429

* 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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