TVS Motor Company Ltd
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]
- Market Cap ₹ 88,542 Cr.
- Current Price ₹ 1,864
- High / Low ₹ 1,876 / 968
- Stock P/E 50.1
- Book Value ₹ 148
- Dividend Yield 0.27 %
- ROCE 26.6 %
- ROE 26.2 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 21.0%
Cons
- Stock is trading at 12.6 times its book value
- Promoter holding has decreased over last 3 years: -7.13%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,142 | 7,169 | 7,966 | 10,042 | 11,105 | 12,135 | 15,175 | 18,210 | 16,423 | 16,751 | 20,791 | 26,378 | 28,513 | |
6,671 | 6,760 | 7,484 | 9,436 | 10,291 | 11,276 | 14,000 | 16,775 | 15,077 | 15,320 | 18,829 | 23,703 | 25,511 | |
Operating Profit | 471 | 409 | 482 | 607 | 813 | 859 | 1,175 | 1,435 | 1,346 | 1,430 | 1,962 | 2,675 | 3,002 |
OPM % | 7% | 6% | 6% | 6% | 7% | 7% | 8% | 8% | 8% | 9% | 9% | 10% | 11% |
20 | -67 | 27 | 30 | 100 | 171 | 99 | 6 | -0 | 31 | -11 | 101 | 181 | |
Interest | 57 | 48 | 25 | 27 | 49 | 44 | 57 | 81 | 102 | 142 | 126 | 141 | 168 |
Depreciation | 118 | 130 | 132 | 153 | 236 | 288 | 339 | 399 | 489 | 494 | 611 | 631 | 659 |
Profit before tax | 316 | 164 | 353 | 456 | 629 | 699 | 879 | 961 | 754 | 826 | 1,213 | 2,003 | 2,356 |
Tax % | 21% | 29% | 26% | 24% | 22% | 20% | 25% | 30% | 21% | 26% | 26% | 26% | |
249 | 116 | 262 | 348 | 489 | 558 | 663 | 670 | 592 | 612 | 894 | 1,491 | 1,767 | |
EPS in Rs | 5.24 | 2.44 | 5.51 | 7.32 | 10.30 | 11.75 | 13.95 | 14.11 | 12.47 | 12.88 | 18.81 | 31.38 | 37.19 |
Dividend Payout % | 25% | 49% | 25% | 26% | 24% | 21% | 24% | 25% | 28% | 27% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 17% |
3 Years: | 33% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 27% |
3 Years: | 55% |
1 Year: | 78% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 21% |
3 Years: | 21% |
Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
Reserves | 1,122 | 1,177 | 1,368 | 1,598 | 1,911 | 2,361 | 2,833 | 3,300 | 3,571 | 4,123 | 4,775 | 6,000 | 6,986 |
831 | 634 | 528 | 970 | 924 | 1,107 | 1,189 | 1,400 | 2,132 | 1,230 | 1,963 | 2,663 | 2,721 | |
1,114 | 1,276 | 1,622 | 1,989 | 2,069 | 2,389 | 3,087 | 3,622 | 3,604 | 4,797 | 5,118 | 5,281 | 6,349 | |
Total Liabilities | 3,114 | 3,136 | 3,565 | 4,605 | 4,952 | 5,905 | 7,156 | 8,369 | 9,353 | 10,197 | 11,902 | 13,992 | 16,104 |
1,026 | 1,011 | 1,126 | 1,330 | 1,720 | 1,984 | 2,372 | 2,579 | 2,900 | 3,010 | 3,307 | 3,596 | 4,145 | |
CWIP | 53 | 36 | 48 | 89 | 31 | 62 | 131 | 257 | 285 | 279 | 424 | 628 | 300 |
Investments | 931 | 869 | 896 | 1,012 | 1,215 | 1,588 | 2,035 | 2,301 | 2,606 | 3,315 | 4,716 | 5,684 | 6,695 |
1,105 | 1,219 | 1,495 | 2,173 | 1,987 | 2,271 | 2,618 | 3,232 | 3,562 | 3,594 | 3,455 | 4,085 | 4,963 | |
Total Assets | 3,114 | 3,136 | 3,565 | 4,605 | 4,952 | 5,905 | 7,156 | 8,369 | 9,353 | 10,197 | 11,902 | 13,992 | 16,104 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
441 | 433 | 524 | 85 | 941 | 724 | 1,297 | 1,098 | 1,394 | 2,561 | 1,498 | 1,993 | |
-381 | -107 | -260 | -493 | -608 | -748 | -1,131 | -1,002 | -1,289 | -921 | -2,141 | -2,312 | |
-195 | -322 | -198 | 331 | -306 | -73 | -75 | 81 | 271 | -1,196 | 113 | 225 | |
Net Cash Flow | -135 | 4 | 66 | -78 | 27 | -97 | 91 | 177 | 375 | 445 | -530 | -94 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 11 | 16 | 15 | 18 | 19 | 22 | 23 | 28 | 28 | 19 | 17 | 13 |
Inventory Days | 41 | 36 | 35 | 41 | 32 | 40 | 32 | 31 | 31 | 33 | 26 | 23 |
Days Payable | 49 | 57 | 64 | 74 | 71 | 77 | 82 | 77 | 87 | 112 | 93 | 75 |
Cash Conversion Cycle | 2 | -5 | -14 | -15 | -20 | -15 | -27 | -18 | -27 | -60 | -50 | -40 |
Working Capital Days | -2 | -5 | -8 | 7 | -7 | -2 | -12 | -5 | -13 | -43 | -33 | -23 |
ROCE % | 20% | 16% | 20% | 21% | 23% | 23% | 24% | 24% | 17% | 17% | 22% | 27% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
23 Nov - Compliance under Regulation 30A of the SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Nov - TVS MOTOR COMPANY ENTERS VIETNAM; LAUNCHES A RANGE OF TWO-WHEELERS
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Nov
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Nov - Press Release - TVS Motor Company launches TVS NEO AMI in Africa
Annual reports
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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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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Concalls
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Nov 2023TranscriptPPT
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Jul 2023TranscriptPPT
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May 2023TranscriptPPT
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
Product Portfolio
Scooters: Popular offerings include TVS Jupiter 125, TVS Ntorq, TVS Jupiter, TVS Zest 110, TVS Scooty Pep+, etc.
Motorcycles Popular offerings include Apache RR 310, Apache RTR 165RP, TVS Apache RTR Series, TVS Raider, TVS Radeon, TVS Star City +, TVS Sport, etc
It also manufactures Mopeds, Electric, and Three Wheelers [1]