TVS Srichakra Ltd

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

₹ 4,336 0.57%
13 Nov - close price
tvstyres.com BSE: 509243 NSE: TVSSRICHAK
About

TVS Srichakra, part of the TVS Group, is a leading manufacturer of two-wheeler tyres in India.[1]

Key Points

Business Overview:[1]
TVS Srichakra manufactures and exports two-wheeler, three-wheeler, and off-highway tyres (OHT), supplying domestic OEMs and replacement markets while serving around 100 countries globally. It sells tyres under the TVS Eurogrip, TVS Tyres, Eurogrip and Super Grip brands. Its OHT portfolio caters to agricultural, commercial, industrial and material-handling applications.

Website BSE NSE
  • Market Cap ₹ 3,321 Cr.
  • Current Price ₹ 4,336
  • High / Low ₹ 5,760 / 3,184
  • Stock P/E 27.1
  • Book Value ₹ 1,659
  • Dividend Yield 0.87 %
  • ROCE 8.07 %
  • ROE 6.61 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 35.0%

Cons

  • Stock is trading at 2.61 times its book value
  • Company has a low return on equity of 6.84% 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
704 677 703 739 785 747 752 762 865 850 913 997 1,176
618 614 628 684 723 704 691 713 800 775 829 921 1,087
Operating Profit 86 64 76 55 62 43 61 49 65 75 83 76 89
OPM % 12% 9% 11% 7% 8% 6% 8% 6% 8% 9% 9% 8% 8%
-1 2 -6 0 3 -4 -3 20 1 -11 7 8 2
Interest 10 10 12 12 11 12 13 13 11 11 11 11 10
Depreciation 25 25 25 27 29 30 33 31 33 34 34 34 35
Profit before tax 51 31 32 15 25 -4 12 24 21 19 46 39 46
Tax % 28% 27% 21% 27% 27% -14% 11% 25% 25% 25% 24% 26% 25%
37 22 26 11 18 -3 11 18 16 14 35 29 35
EPS in Rs 48.35 29.06 33.47 14.71 23.76 -4.02 13.83 23.66 20.65 18.48 45.21 38.16 45.12
Raw PDF

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 3,936
1,689 1,601 1,676 1,899 2,121 1,837 1,651 2,298 2,645 2,469 2,798 3,112 3,613
Operating Profit 207 324 284 253 261 215 225 164 220 286 225 278 324
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 6
Interest 32 17 22 31 36 37 32 33 43 46 54 52 42
Depreciation 40 42 56 68 83 98 101 77 88 98 119 132 137
Profit before tax 140 287 217 169 153 90 96 57 91 139 49 110 150
Tax % 26% 31% 28% 31% 33% 6% 25% 27% 23% 25% 24% 25%
104 197 155 118 103 84 73 42 70 104 37 83 113
EPS in Rs 135.55 257.21 202.86 153.60 134.74 110.25 95.02 54.29 91.58 135.25 48.27 108.02 146.97
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: 26%
Compounded Profit Growth
10 Years: -8%
5 Years: 2%
3 Years: 3%
TTM: 228%
Stock Price CAGR
10 Years: 3%
5 Years: 14%
3 Years: -3%
1 Year: 0%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 7%
Last Year: 7%

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 Sep 2026
Equity Capital 8 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 1,263
205 145 315 312 413 336 198 598 637 818 812 702 675
319 412 515 475 644 511 578 766 732 701 875 1,041 1,190
Total Liabilities 800 975 1,405 1,441 1,800 1,609 1,617 2,350 2,409 2,633 2,890 2,973 3,136
267 359 506 595 622 647 627 670 866 1,006 1,096 1,091 1,108
CWIP 18 44 63 26 34 48 63 224 140 141 94 64 86
Investments 32 45 47 68 107 109 163 320 320 358 491 513 513
483 527 789 752 1,037 806 765 1,136 1,083 1,127 1,209 1,305 1,429
Total Assets 800 975 1,405 1,441 1,800 1,609 1,617 2,350 2,409 2,633 2,890 2,973 3,136

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 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 Mar 2026
Aftermarket (Replacement) Revenue Share
%

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Number of Export Countries
count
Export Revenue Share (2W + OHT)
%
Number of Dealers/Distributors
count
2W OEM Market Share (Domestic)
%
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

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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%
1.16% 1.02% 1.00% 1.05% 1.03% 1.06% 0.99% 0.99% 0.97% 0.97% 0.92% 1.27%
5.04% 5.04% 5.02% 4.95% 4.95% 4.95% 4.95% 5.05% 6.17% 6.17% 6.18% 6.11%
48.07% 48.22% 48.27% 48.30% 48.32% 48.28% 48.36% 48.23% 47.17% 47.16% 47.19% 46.92%
No. of Shareholders 25,38324,96425,45726,27926,35626,40626,55226,33824,31423,89423,92624,621

* 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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Documents

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Credit ratings

Concalls

  • Aug 2022
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