TVS Srichakra Ltd
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]
- Market Cap ₹ 2,927 Cr.
- Current Price ₹ 3,826
- High / Low ₹ 4,352 / 2,430
- Stock P/E 133
- Book Value ₹ 1,546
- Dividend Yield 0.44 %
- ROCE 5.36 %
- ROE 2.35 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 42.6%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.11% over past five years.
- Company has a low return on equity of 6.93% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,938 | 2,176 | 2,185 | 1,961 | 2,152 | 2,431 | 2,104 | 1,939 | 2,543 | 2,985 | 2,926 | 3,254 | 3,282 | |
1,787 | 1,958 | 1,858 | 1,676 | 1,899 | 2,168 | 1,887 | 1,709 | 2,373 | 2,751 | 2,625 | 3,024 | 3,064 | |
Operating Profit | 150 | 219 | 326 | 284 | 253 | 263 | 217 | 230 | 170 | 234 | 301 | 230 | 218 |
OPM % | 8% | 10% | 15% | 14% | 12% | 11% | 10% | 12% | 7% | 8% | 10% | 7% | 7% |
2 | -7 | 23 | 5 | 15 | 12 | 10 | 5 | 4 | 4 | -2 | -5 | 15 | |
Interest | 50 | 33 | 22 | 22 | 31 | 37 | 39 | 33 | 34 | 44 | 48 | 60 | 55 |
Depreciation | 26 | 42 | 44 | 56 | 69 | 85 | 100 | 104 | 80 | 92 | 104 | 129 | 133 |
Profit before tax | 77 | 137 | 284 | 211 | 169 | 153 | 87 | 98 | 59 | 101 | 146 | 37 | 45 |
Tax % | 15% | 29% | 33% | 29% | 31% | 33% | 6% | 24% | 27% | 23% | 26% | 44% | |
65 | 98 | 190 | 148 | 116 | 103 | 82 | 74 | 43 | 78 | 108 | 21 | 27 | |
EPS in Rs | 73.89 | 130.11 | 243.09 | 192.79 | 151.68 | 134.44 | 107.53 | 96.54 | 56.77 | 101.85 | 140.98 | 26.92 | 35.00 |
Dividend Payout % | 22% | 26% | 25% | 26% | 26% | 30% | 19% | 31% | 29% | 32% | 34% | 63% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 9% |
3 Years: | 9% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | -13% |
5 Years: | -20% |
3 Years: | -16% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 21% |
3 Years: | 16% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 2% |
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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 206 | 275 | 404 | 553 | 631 | 721 | 737 | 817 | 963 | 1,027 | 1,104 | 1,176 |
383 | 274 | 145 | 315 | 312 | 426 | 351 | 208 | 610 | 662 | 842 | 886 | |
428 | 414 | 412 | 515 | 475 | 655 | 520 | 590 | 779 | 757 | 739 | 906 | |
Total Liabilities | 1,025 | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,694 | 2,976 |
344 | 382 | 384 | 532 | 620 | 662 | 687 | 666 | 708 | 905 | 1,084 | 1,167 | |
CWIP | 20 | 18 | 44 | 63 | 26 | 34 | 48 | 63 | 226 | 145 | 143 | 98 |
Investments | 0 | 1 | 49 | 49 | 68 | 97 | 97 | 101 | 254 | 255 | 260 | 392 |
661 | 569 | 493 | 748 | 711 | 1,016 | 785 | 793 | 1,171 | 1,149 | 1,207 | 1,319 | |
Total Assets | 1,025 | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,694 | 2,976 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 244 | 400 | 64 | 185 | 64 | 299 | 307 | -62 | 206 | 228 | 197 | |
-89 | -84 | -120 | -215 | -102 | -120 | -136 | -92 | -282 | -202 | -325 | -154 | |
38 | -158 | -271 | 149 | -79 | 52 | -169 | -215 | 348 | 0 | 101 | -47 | |
Net Cash Flow | -37 | 2 | 9 | -3 | 5 | -4 | -5 | 1 | 4 | 4 | 3 | -3 |
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 | 62 | 38 | 29 | 38 | 41 | 51 | 36 | 46 | 34 | 27 | 35 | 39 |
Inventory Days | 74 | 74 | 63 | 138 | 95 | 123 | 135 | 149 | 198 | 161 | 159 | 154 |
Days Payable | 77 | 52 | 34 | 67 | 50 | 83 | 70 | 102 | 102 | 85 | 91 | 97 |
Cash Conversion Cycle | 58 | 59 | 58 | 109 | 86 | 91 | 101 | 93 | 131 | 102 | 103 | 96 |
Working Capital Days | 11 | 7 | 5 | -0 | -3 | 4 | 18 | 28 | 36 | 6 | 6 | -13 |
ROCE % | 23% | 30% | 50% | 32% | 22% | 18% | 11% | 12% | 7% | 9% | 11% | 5% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Outcome of AGM
2h - 42nd AGM: dividend Rs16.89/share on 76,57,050 shares; financials adopted; auditors and director reappointed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Certificate under Reg 74(5) confirming dematerialisation for quarter ended 30 Sep 2025.
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Announcement Under Regulation 30 (LODR) - Clarification For Share Volume Movement.
3 Oct - Company informs BSE there are no undisclosed/impending announcements explaining recent share volume increase; all disclosures made.
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Clarification sought from TVS Srichakra Ltd
3 Oct - Exchange has sought clarification from TVS Srichakra Ltd on October 3, 2025, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Sep - Launched Sep 29, 2025: Eurogrip ad campaign with MS Dhoni, two films and yearlong tubeless-tyre promotion.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
Concalls
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Aug 2022TranscriptNotesPPT
Business Segment
The company’s product portfolio includes tyres for 2/3-wheeler, Industrial Pneumatic, Farm and Implement, Skid-steer, Multi-purpose, etc. [1]