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 ₹ 2,188 Cr.
- Current Price ₹ 2,857
- High / Low ₹ 4,860 / 2,430
- Stock P/E 99.3
- Book Value ₹ 1,546
- Dividend Yield 0.59 %
- ROCE 5.07 %
- 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 | 3,029 | 3,064 | |
Operating Profit | 150 | 219 | 326 | 284 | 253 | 263 | 217 | 230 | 170 | 234 | 301 | 225 | 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 | 54 | 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: | 1% |
5 Years: | 13% |
3 Years: | 10% |
1 Year: | -40% |
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 | 910 | |
Total Liabilities | 1,025 | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,693 | 2,980 |
344 | 382 | 384 | 532 | 620 | 662 | 687 | 666 | 708 | 905 | 1,082 | 1,198 | |
CWIP | 20 | 18 | 44 | 63 | 26 | 34 | 48 | 63 | 226 | 145 | 143 | 67 |
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 | 1,208 | 1,322 | |
Total Assets | 1,025 | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,693 | 2,980 |
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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Reg. 34 (1) Annual Report.
6h - AGM on 17 Sep 2025; FY24-25 revenue ₹3,030.5cr; PAT ₹36.96cr; dividend ₹16.89/share; capex ₹155.11cr.
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Shareholders Meeting - AGM On Sep 17, 2025 (Notice)
7h - AGM on 17 Sep 2025; dividend ₹16.89/share (168.90%); record date 5 Sep; reappointments and auditors.
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Business Responsibility and Sustainability Reporting (BRSR)
7h - AGM on 17 September 2025 via VC; Annual Report and BRSR for FY2024-25 submitted.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Aug - Copy of Annual General Meeting Notice of the Company published in the newspapers.
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Intimation Of The 42Nd Annual General Meeting ('AGM') And Record Date - Corrigendum
19 Aug - Corrigendum: e-voting cut-off corrected to 10.09.2025; AGM 17.09.2025; record date 05.09.2025.
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
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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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]