TVS Srichakra Ltd

₹ 2,974 0.05%

10 Jun - 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 ₹ 2,274 Cr.
Current Price ₹ 2,974
High / Low ₹ 4,900 / 2,430
Stock P/E 84.4
Book Value ₹ 1,546
Dividend Yield 1.59 %
ROCE 5.07 %
ROE 2.35 %
Face Value ₹ 10.0

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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 6.92% 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 SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

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
	670.29	737.36	833.50	731.26	682.85	702.20	739.65	718.85	765.30	790.98	841.74	802.73	818.38
	635.70	706.25	750.79	671.42	627.58	641.58	649.04	650.47	688.10	736.30	782.82	758.27	751.85
Operating Profit	34.59	31.11	82.71	59.84	55.27	60.62	90.61	68.38	77.20	54.68	58.92	44.46	66.53
OPM %	5.16%	4.22%	9.92%	8.18%	8.09%	8.63%	12.25%	9.51%	10.09%	6.91%	7.00%	5.54%	8.13%
	2.35	-3.17	1.06	0.19	5.60	3.26	-0.58	1.50	-6.50	-0.35	2.51	-4.75	-2.60
Interest	9.06	9.03	9.32	10.42	10.86	11.77	10.10	10.19	12.59	13.21	12.85	13.62	14.45
Depreciation	16.54	21.83	22.63	23.74	23.34	24.09	25.71	26.52	27.51	29.36	30.67	31.67	37.06
Profit before tax	11.34	-2.92	51.82	25.87	26.67	28.02	54.22	33.17	30.60	11.76	17.91	-5.58	12.42
Tax %	29.72%	-23.63%	26.30%	24.47%	16.31%	25.20%	27.98%	27.56%	22.48%	43.54%	42.77%	7.89%	22.30%
	7.97	-2.23	38.19	19.54	22.32	20.96	39.05	24.03	23.72	6.64	10.25	-6.02	9.65
EPS in Rs	10.47	-2.86	49.91	25.56	29.21	27.36	51.09	31.47	31.06	8.72	13.46	-7.80	12.52
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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
	1,938	2,176	2,185	1,961	2,152	2,431	2,104	1,939	2,543	2,985	2,926	3,254
	1,787	1,958	1,858	1,676	1,899	2,168	1,887	1,709	2,373	2,751	2,625	3,029
Operating Profit	150	219	326	284	253	263	217	230	170	234	301	225
OPM %	8%	10%	15%	14%	12%	11%	10%	12%	7%	8%	10%	7%
	2	-7	23	5	15	12	10	5	4	4	-2	-5
Interest	50	33	22	22	31	37	39	33	34	44	48	54
Depreciation	26	42	44	56	69	85	100	104	80	92	104	129
Profit before tax	77	137	284	211	169	153	87	98	59	101	146	37
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
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
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:	11%

Compounded Profit Growth
10 Years:	-13%
5 Years:	-20%
3 Years:	-16%
TTM:	-76%

Stock Price CAGR
10 Years:	6%
5 Years:	17%
3 Years:	21%
1 Year:	-29%

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	42	26	19	51	47	60	52	47	72	47	56	47
ROCE %	23%	30%	50%	32%	22%	18%	11%	12%	7%	9%	11%	5%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	45.36%	45.37%	45.58%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%	45.70%
	1.88%	1.41%	1.20%	1.08%	1.01%	1.11%	1.16%	1.02%	1.00%	1.05%	1.03%	1.06%
	0.03%	0.02%	0.05%	0.36%	0.49%	2.77%	5.04%	5.04%	5.02%	4.95%	4.95%	4.95%
	52.72%	53.21%	53.17%	52.85%	52.80%	50.41%	48.07%	48.22%	48.27%	48.30%	48.32%	48.28%
No. of Shareholders	29,258	28,054	27,051	26,686	27,249	26,666	25,383	24,964	25,457	26,279	26,356	26,406

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

* 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

Shareholding Pattern

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