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

₹ 2,767 0.59%
21 May - close price
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 ₹ 1,31,471 Cr.
  • Current Price ₹ 2,767
  • High / Low ₹ 2,958 / 2,069
  • Stock P/E 59.6
  • Book Value ₹ 179
  • Dividend Yield 0.36 %
  • ROCE 19.4 %
  • ROE 28.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 27.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
  • Company has been maintaining a healthy dividend payout of 20.6%

Cons

  • Stock is trading at 15.5 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

Consolidated Figures in Rs. Crores / View Standalone

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
6,585 7,316 8,561 8,066 8,031 9,056 9,933 10,114 9,942 10,407 11,302 11,035 11,542
5,760 6,420 7,490 7,055 6,982 7,852 8,588 8,639 8,487 8,960 9,678 9,402 9,638
Operating Profit 826 896 1,071 1,011 1,049 1,204 1,345 1,475 1,455 1,447 1,624 1,633 1,904
OPM % 13% 12% 13% 13% 13% 13% 14% 15% 15% 14% 14% 15% 16%
12 31 30 8 67 87 51 12 -34 41 32 70 -57
Interest 263 292 338 339 398 437 483 494 511 503 509 536 551
Depreciation 207 199 212 216 232 227 237 242 263 246 259 258 292
Profit before tax 368 436 550 464 486 627 676 750 647 739 888 908 1,004
Tax % 25% 32% 32% 35% 31% 30% 38% 32% 36% 34% 34% 33% 31%
275 297 373 304 336 441 416 510 412 485 588 609 698
EPS in Rs 5.84 6.43 8.13 6.33 7.07 9.14 8.13 10.08 8.15 9.70 11.80 11.91 13.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8,384 10,256 11,377 12,463 16,340 20,160 18,849 19,421 24,355 31,974 39,145 44,089
7,892 9,650 10,558 11,591 14,769 17,997 16,585 17,189 21,601 27,947 33,645 37,514
Operating Profit 492 605 819 871 1,571 2,163 2,264 2,232 2,755 4,027 5,500 6,575
OPM % 6% 6% 7% 7% 10% 11% 12% 11% 11% 13% 14% 15%
44 80 93 163 71 25 12 36 -5 136 106 99
Interest 80 62 70 60 338 663 855 881 940 1,368 1,928 2,093
Depreciation 149 179 262 317 374 442 556 565 743 859 975 1,046
Profit before tax 307 444 580 658 931 1,083 865 822 1,067 1,936 2,703 3,535
Tax % 39% 28% 26% 23% 29% 33% 25% 26% 31% 32% 34% 33%
187 328 429 509 665 725 647 608 731 1,309 1,779 2,380
EPS in Rs 3.92 6.91 9.03 10.76 13.73 14.83 13.15 12.51 15.93 27.97 35.50 47.06
Dividend Payout % 37% 28% 28% 23% 24% 24% 27% 28% 24% 18% 23% 21%
Compounded Sales Growth
10 Years: 16%
5 Years: 19%
3 Years: 22%
TTM: 13%
Compounded Profit Growth
10 Years: 23%
5 Years: 28%
3 Years: 43%
TTM: 35%
Stock Price CAGR
10 Years: 28%
5 Years: 55%
3 Years: 58%
1 Year: 29%
Return on Equity
10 Years: 24%
5 Years: 25%
3 Years: 27%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,113 1,277 1,771 2,169 2,630 3,123 3,235 3,779 4,352 5,457 6,736 8,456
728 1,119 1,091 1,311 6,928 9,298 11,591 12,179 15,827 22,376 26,006 14,676
1,743 2,126 2,236 2,601 3,586 4,228 4,399 5,859 6,692 7,144 9,235 24,758
Total Liabilities 3,632 4,570 5,146 6,128 13,190 16,696 19,272 21,865 26,919 35,025 42,024 47,937
1,517 1,637 2,038 2,362 3,094 3,367 3,811 4,221 5,975 5,748 5,891 8,446
CWIP 48 93 47 64 313 745 1,006 1,041 552 743 1,033 664
Investments 439 539 943 1,155 421 440 371 468 605 967 1,123 1,247
1,628 2,301 2,118 2,547 9,362 12,145 14,085 16,135 19,788 27,566 33,977 37,580
Total Assets 3,632 4,570 5,146 6,128 13,190 16,696 19,272 21,865 26,919 35,025 42,024 47,937

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
470 83 936 689 354 -918 373 1,151 -1,575 -4,405 -1,253 3,503
-235 -415 -605 -709 -1,095 -1,104 -1,090 -882 -1,471 -1,308 -1,001 -2,899
-216 261 -319 -59 897 2,210 1,619 264 2,918 6,118 2,759 1,155
Net Cash Flow 19 -71 12 -79 156 188 902 532 -128 406 505 1,759

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 15 16 21 24 28 28 19 18 14 17 14
Inventory Days 41 51 40 47 34 34 35 39 37 34 34 33
Days Payable 64 76 74 80 86 83 94 121 105 89 99 103
Cash Conversion Cycle -7 -11 -18 -12 -28 -21 -31 -63 -50 -41 -48 -56
Working Capital Days -7 6 -8 -2 34 58 47 21 81 97 100 102
ROCE % 19% 21% 22% 22% 19% 16% 13% 11% 11% 13% 15% 19%

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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