TVS Srichakra Ltd

₹ 4,349 -1.99%

01 Oct - close price

tvstyres.com BSE: 509243 NSE: TVSSRICHAK

About

TVSSC belongs to the TVS group of companies. The company is a leading manufacturer of 2W tyres in India and caters to both OEMs and aftermarket segments, and also manufactures OHT for the domestic and export markets. The company has two manufacturing plants, one each in Madurai in Tamil Nadu and Rudrapur in Uttarakhand.^[1]

Key Points

Business Segment
The company’s product portfolio includes tyres for 2/3-wheeler, Industrial Pneumatic, Farm and Implement, Skid-steer, Multi-purpose, etc. ^[1]

Website BSE NSE

Market Cap ₹ 3,332 Cr.
Current Price ₹ 4,349
High / Low ₹ 5,760 / 3,184
Stock P/E 31.7
Book Value ₹ 1,607
Dividend Yield 0.87 %
ROCE 8.07 %
ROE 6.47 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 35.0%

Cons

Stock is trading at 2.71 times its book value
Company has a low return on equity of 6.80% over last 3 years.

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

Part of BSE 1000 BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	669	704	677	703	739	785	747	752	762	865	850	913	997
	613	618	614	628	684	723	704	691	713	800	775	829	921
Operating Profit	56	86	64	76	55	62	43	61	49	65	75	83	76
OPM %	8%	12%	9%	11%	7%	8%	6%	8%	6%	8%	9%	9%	8%
	3	-1	2	-6	0	3	-4	-3	20	1	-11	7	8
Interest	11	10	10	12	12	11	12	13	13	11	11	11	11
Depreciation	23	25	25	25	27	29	30	33	31	33	34	34	34
Profit before tax	25	51	31	32	15	25	-4	12	24	21	19	46	39
Tax %	25%	28%	27%	21%	27%	27%	-14%	11%	25%	25%	25%	24%	26%
	19	37	22	26	11	18	-3	11	18	16	14	35	29
EPS in Rs	24.37	48.35	29.06	33.47	14.71	23.76	-4.02	13.83	23.66	20.65	18.48	45.21	38.16
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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	TTM
	1,896	1,925	1,960	2,152	2,382	2,052	1,876	2,462	2,865	2,754	3,023	3,390	3,625
	1,689	1,601	1,676	1,899	2,121	1,837	1,651	2,298	2,645	2,469	2,798	3,112	3,326
Operating Profit	207	324	284	253	261	215	225	164	220	286	225	278	299
OPM %	11%	17%	14%	12%	11%	10%	12%	7%	8%	10%	7%	8%	8%
	4	23	10	15	11	9	5	3	2	-2	-4	17	5
Interest	32	17	22	31	36	37	32	33	43	46	54	52	44
Depreciation	40	42	56	68	83	98	101	77	88	98	119	132	135
Profit before tax	140	287	217	169	153	90	96	57	91	139	49	110	125
Tax %	26%	31%	28%	31%	33%	6%	25%	27%	23%	25%	24%	25%
	104	197	155	118	103	84	73	42	70	104	37	83	94
EPS in Rs	135.55	257.21	202.86	153.60	134.74	110.25	95.02	54.29	91.58	135.25	48.27	108.02	122.50
Dividend Payout %	25%	23%	25%	26%	30%	18%	32%	30%	35%	35%	35%	35%

Compounded Sales Growth
10 Years:	6%
5 Years:	13%
3 Years:	6%
TTM:	19%

Compounded Profit Growth
10 Years:	-8%
5 Years:	2%
3 Years:	2%
TTM:	178%

Stock Price CAGR
10 Years:	1%
5 Years:	15%
3 Years:	9%
1 Year:	18%

Return on Equity
10 Years:	10%
5 Years:	7%
3 Years:	7%
Last Year:	6%

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	8	8	8	8	8	8	8	8	8	8	8	8
Reserves	269	411	567	647	735	754	833	977	1,033	1,106	1,195	1,223
	205	145	315	312	413	336	198	598	637	818	812	702
	319	412	515	475	644	511	578	766	732	701	875	1,041
Total Liabilities	800	975	1,405	1,441	1,800	1,609	1,617	2,350	2,409	2,633	2,890	2,973
	267	359	506	595	622	647	627	670	866	1,006	1,096	1,091
CWIP	18	44	63	26	34	48	63	224	140	141	94	64
Investments	32	45	47	68	107	109	163	320	320	358	491	513
	483	527	789	752	1,037	806	765	1,136	1,083	1,127	1,209	1,305
Total Assets	800	975	1,405	1,441	1,800	1,609	1,617	2,350	2,409	2,633	2,890	2,973

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
	242	375	63	186	83	298	349	-40	217	241	205	281
	-95	-200	-213	-102	-114	-136	-139	-305	-202	-350	-115	-116
	-145	-171	149	-79	32	-168	-208	347	-12	114	-91	-165
Net Cash Flow	1	3	-2	5	1	-6	1	2	3	4	-1	1
Free Cash Flow	158	210	-157	81	-36	161	253	-345	10	-3	50	176
CFO/OP	135%	143%	42%	92%	51%	151%	166%	-9%	108%	95%	95%	106%

Ratios

Standalone / 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	32	33	38	41	50	35	45	33	25	30	36	39
Inventory Days	68	73	138	95	123	136	151	201	162	152	149	123
Days Payable	44	40	67	50	82	70	103	103	85	91	101	96
Cash Conversion Cycle	57	66	109	86	90	101	93	132	102	91	84	66
Working Capital Days	-1	5	1	-2	5	18	28	37	5	3	-14	-18
ROCE %	35%	55%	33%	22%	18%	11%	12%	7%	9%	11%	6%	8%

Insights

In beta

Mar 2016

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Aftermarket (Replacement) Revenue Share
%

	xx	xx	xx	xx	xx	xx
xx	xx	xx	xx
			xx	xx	xx	xx
				xxx	xxx	xxx
				xx	xx	xx
				xx	xx
				x.xx
	x.xx		x.xx	x.xx	x.xx	x.xx

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2W OEM Market Share (Domestic)
%

Export Revenue Share (2W + OHT)
%

Number of Dealers/Distributors
count

Number of Export Countries
count

OHT Plant Capacity
Tonnes per day

Production Volume (Tyres and Tubes)
million units per month

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%
	1.11%	1.16%	1.02%	1.00%	1.05%	1.03%	1.06%	0.99%	0.99%	0.97%	0.97%	0.92%
	2.77%	5.04%	5.04%	5.02%	4.95%	4.95%	4.95%	4.95%	5.05%	6.17%	6.17%	6.18%
	50.41%	48.07%	48.22%	48.27%	48.30%	48.32%	48.28%	48.36%	48.23%	47.17%	47.16%	47.19%
No. of Shareholders	26,666	25,383	24,964	25,457	26,279	26,356	26,406	26,552	26,338	24,314	23,894	23,926

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	45.36%	45.36%	45.36%	45.36%	45.36%	45.36%	45.70%	45.70%	45.70%	45.70%	45.70%
	3.30%	2.80%	1.97%	1.05%	1.49%	2.10%	1.08%	1.02%	1.06%	0.97%	0.92%
	1.66%	4.87%	5.53%	6.06%	5.26%	0.03%	0.36%	5.04%	4.95%	6.17%	6.18%
	49.68%	46.96%	47.13%	47.52%	47.88%	52.51%	52.85%	48.22%	48.28%	47.16%	47.19%
No. of Shareholders	25,518	26,324	28,805	29,209	31,610	29,265	26,686	24,964	26,406	23,894	23,926

* 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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TVS Srichakra Ltd

TVS Srichakra Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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