TVS Holdings logo

TVS Holdings

TVSHLTD NSE

Key Fundamentals

SmallcapInvestment CompanyFinancial Services
Market Cap
₹24,072 Cr
Volatility
Low Risk
P/E Ratio
12.19
EBITDA
₹9,233 Cr
Return on Equity
26.3%
Debt to Equity
5.59
Book Value
₹3,195.78
52W High
₹13,743
52W Low
₹267

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

Weaknesses

1
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
29.29% higher than 3Y
Net Income Growth
42.49% higher than 3Y
Cash Flow Change
-67.83% lower than 3Y
ROE
12.25% lower than 3Y
ROCE
19.45% higher than 3Y
EBITDA Margin (Avg.)
2.65% lower than 3Y

AI Analysis — Bull vs Bear

2d ago
AI opinion · based on fundamentals
Risk medium

TVS Holdings Ltd has a market cap of about ₹25,035 Cr. It trades at a P/E of 6.4 and a P/B of 3.85, with a dividend yield of 0.7%. Profit has compounded at 39% over 5 years and 56% on a TTM basis, while ROE has risen from a 10-year average of 20% to 31% last year. Despite this, the stock returned -4% over the past year. The data provided does not include debt-to-equity, ROCE or a 52-week price range.

Bull Case 7
  • Profit growth has been strong and has sped up. Compounded profit growth is 39% over 5 years, 40% over 3 years and 56% TTM, well above the 10-year CAGR of 20%.
  • Returns on equity have improved steadily. ROE went from 20% (10-year) to 23% (5-year), 29% (3-year) and 31% last year.
  • Revenue growth is also speeding up. Sales CAGR is 17% over 10 years, 20% over 3 years, 23% over 5 years and 32% TTM, so profit growth is backed by rising sales and not only by margins.
  • A P/E of 6.4 is low for a business growing TTM profit at 56% and earning an ROE near 31%. On the face of it, earnings multiples look modest compared with growth.
  • Long-term shareholder returns have been strong. The stock has compounded at 34% over 5 years, 31% over 3 years and 19% over 10 years, roughly in line with profit growth.
  • Profit growth has run ahead of sales growth: 39% vs 23% over 5 years and 56% vs 32% TTM. This points to operating leverage and better profitability across the group.
  • The company is expected to report a good quarter, which would add to the TTM profit growth of 56%.
Bear Case 8
  • The company may be capitalising interest costs. That can make reported profits look better than they are and hide the true cost of borrowing, which matters when profit growth is 56% TTM.
  • The valuation metrics don't line up. A P/B of 3.85 divided by a P/E of 6.4 implies an earnings-to-book ratio of about 60%, far above the reported ROE of 31%. The P/E may be distorted by one-off gains or different earnings definitions, so the low multiple should be treated with caution.
  • The stock fell 4% over the past year even as TTM profit grew 56%. The market appears to be discounting the earnings, possibly because of doubts about how sustainable they are or because of a holding-company discount.
  • Recent growth is well above the long-run trend. The 5-year profit CAGR of 39% and last year's ROE of 31% compare with a 10-year profit CAGR of 20% and a 10-year ROE of 20%, so growth could slow back toward historical levels.
  • Leverage can't be checked with the data provided. Debt-to-equity and ROCE are not available, which is a gap for a Financial Services group whose returns (ROE of 31%) may depend partly on borrowed money.
  • A dividend yield of 0.7% gives little income support, which offers limited cushion if earnings growth slows from 56% TTM.
  • Profit growing faster than sales (56% vs 32% TTM) is partly driven by margins. Margin gains can reverse in a downturn, so profit may be more exposed than revenue.
  • The 52-week high and low are reported as 0, and EPS is not available. That limits any check of recent price action and per-share earnings trends.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Headwinds 2
  • Down 4% year-to-date Sep 4

    The stock is down 4% YTD and up only 4% over the past year. That lags its long-term record of 145% over three years and 341% over five.

  • Well below 52-week high Sep 4

    The intraday high of ₹13,496.95 is still about 16% below the 52-week high of ₹16,150, set on Nov 18. Price recovery has trailed the earnings growth.

Positives 3
  • Q1FY27 profit jumps 82% Sep 4

    Consolidated Q1FY27 profit rose 82% YoY to ₹610.25 crore. Revenue from operations grew 34% to ₹17,076.18 crore, up from ₹12,742.19 crore.

  • Bonus preference shares, record Sep 8 Sep 4

    Shareholders get 46 non-convertible redeemable preference shares of ₹10 each for every 1 fully paid equity share of ₹5. That works out to ₹460 face value per share, and the record date is Sep 8.

  • Second straight session of gains Sep 4

    The stock opened at ₹13,229.95, above the previous close of ₹13,145, and rose 2.7% to an intraday high of ₹13,496.95 ahead of the bonus allotment.

Neutral 1
  • Revathy Iyer independent director nomination Sep 23

    TVS Holdings will ask shareholders to approve, by postal ballot, Revathy Iyer's appointment as Non-Executive Independent Director for a five-year term.

TL;DR: TVS Holdings' fundamentals are strong: Q1FY27 consolidated profit rose 82% YoY to ₹610.25 crore and revenue grew 34% to ₹17,076.18 crore. The bonus of 46 preference shares per equity share also returned value directly to shareholders. The stock hasn't kept up, though. It is down 4% YTD and about 16% below its ₹16,150 high, so earnings are improving faster than the price. Board governance looks stable. Whether the stock re-rates toward its prior high will likely depend on sustained earnings growth and how the market prices it after the bonus record date.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
9,584
10,607
10,014
10,025
10,383
11,554
11,359
11,800
12,742
14,549
15,276
15,588
17,076
Expenses
8,232
9,124
8,474
8,508
8,907
9,878
9,544
9,908
10,741
12,288
12,815
13,189
14,301
Operating Profit
1,351
1,483
1,540
1,517
1,476
1,677
1,815
1,893
2,002
2,261
2,461
2,399
2,775
OPM %
14%
14%
15%
15%
14%
15%
16%
16%
16%
16%
16%
15%
16%
Other Income
1
11
7
19
15
8
22
18
11
13
-35
30
7
Interest
477
517
516
532
517
522
551
635
663
651
651
653
708
Depreciation
265
252
244
264
242
261
260
309
332
341
361
372
381
PBT
611
726
787
740
732
901
1,026
967
1,019
1,282
1,414
1,404
1,693
Tax %
33%
37%
32%
37%
34%
34%
33%
33%
34%
31%
31%
38%
31%
Net Profit
409
457
532
464
481
599
685
644
675
880
969
865
1,174
EPS in Rs
97.25
113
111
115
107
138
191
140
166
219
244
210
302
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
11,340
12,464
13,498
17,512
21,548
19,891
20,347
25,605
33,662
39,882
44,993
58,154
62,488
Expenses
10,622
11,506
12,494
15,973
19,205
17,447
17,911
22,599
29,356
34,122
38,149
49,032
52,592
Operating Profit
717
959
1,004
1,539
2,343
2,444
2,437
3,006
4,306
5,760
6,844
9,122
9,896
OPM %
6%
8%
7%
9%
11%
12%
12%
12%
13%
14%
15%
16%
16%
Other Income
98
102
171
121
28
-40
-11
8
118
59
70
20
15
Interest
99
102
88
372
719
910
929
985
1,424
2,032
2,223
2,617
2,663
Depreciation
238
317
377
447
534
649
643
845
986
1,011
1,067
1,406
1,455
PBT
478
641
710
841
1,118
845
854
1,184
2,013
2,776
3,624
5,119
5,793
Tax %
29%
26%
23%
25%
33%
26%
31%
30%
34%
36%
34%
34%
—
Net Profit
345
472
547
629
750
627
592
824
1,333
1,782
2,409
3,390
3,888
EPS in Rs
105
144
163
167
214
167
160
218
322
396
576
839
975
Div. Payout %
18%
28%
19%
9%
17%
19%
16%
20%
18%
24%
16%
10%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
1,278
1,513
1,857
2,141
2,464
2,453
2,894
5,069
3,231
2,830
4,677
6,456
Borrowings
1,497
1,461
1,665
7,593
10,022
12,314
12,853
16,593
25,013
26,232
32,488
36,156
Other Liabilities
2,740
3,233
3,785
5,016
5,674
5,835
7,551
8,662
10,869
15,458
16,720
21,031
Total Liabilities
5,525
6,216
7,317
14,761
18,170
20,612
23,309
30,334
39,123
44,530
53,895
63,653
Fixed Assets
2,040
2,468
2,851
3,627
4,030
4,460
4,850
6,339
6,931
5,630
7,519
8,943
CWIP
102
69
101
396
756
1,017
1,050
560
821
1,029
1,482
2,074
Investments
601
1,055
1,333
607
618
472
673
644
1,022
1,204
1,320
1,217
Other Assets
2,782
2,624
3,032
10,131
12,766
14,663
16,735
22,790
30,348
36,667
43,574
51,419
Total Assets
5,525
6,216
7,317
14,761
18,170
20,612
23,309
30,334
39,123
44,530
53,895
63,653
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
138
1,075
838
324
-710
458
1,215
-1,548
-4,111
-867
3,535
1,137
Investing
-461
-715
-818
-1,379
-1,324
-1,055
-979
-1,705
-1,439
961
-2,857
-3,015
Financing
179
-373
-61
1,198
2,085
1,795
261
3,116
5,979
847
1,209
1,792
Net Cash Flow
-144
-13
-40
143
51
1,199
496
-137
429
941
1,886
-86
Free Cash Flow
-288
430
80
-954
-2,009
-551
238
-2,568
-5,574
-1,341
1,082
-2,064
CFO/OP
40
130
98
43
-16
29
60
-38
-79
5
70
32
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
19
23
27
29
29
22
19
16
17
14
17
Inventory Days
58
48
55
44
41
42
46
44
39
60
33
26
Days Payable
77
76
83
94
84
97
124
107
92
99
103
104
Cash Conversion Cycle
0
-8
-5
-22
-14
-25
-57
-43
-37
-22
-57
-61
Working Capital Days
-7
-17
-22
-36
-1
93
71
81
-25
-32
-38
-34
ROCE %
18%
20%
19%
16%
15%
12%
11%
11%
12%
15%
15%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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62 extracted metrics + investor summaries across FY03–FY27.

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Shareholding Pattern

Others2.93%Promot.74.45%FIIs3.25%Public9.59%DIIs9.78%As ofJun 2026
14.62% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about TVS Holdings

What does TVS Holdings Ltd do?
Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. [1] Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
Where is TVS Holdings Ltd (TVSHLTD) listed?
TVS Holdings Ltd trades as TVSHLTD on the NSE and under code 520056 on the BSE.
Which sector does TVS Holdings Ltd belong to?
TVS Holdings Ltd is classified under the Financial Services sector, in the Investment Company industry.
What is the market capitalisation of TVS Holdings Ltd?
TVS Holdings Ltd has a market capitalisation of ₹24,072 Cr, which places it in the Large Cap band.
What is the PE ratio of TVS Holdings Ltd?
TVS Holdings Ltd trades at a PE ratio of 12.19, against a book value of ₹3,195.78 per share.
What is the 52-week high and low of TVS Holdings Ltd?
Over the last 52 weeks TVS Holdings Ltd has traded between ₹267 and ₹13,743.
Does TVS Holdings Ltd pay dividends?
TVS Holdings Ltd has a dividend yield of 0.71%.
What is the Return on Equity (ROE) of TVS Holdings Ltd?
TVS Holdings Ltd reported a return on equity of 26.30%. Its debt-to-equity ratio is 5.59.

Company Information

Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. [1] Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.

Website sundaram-clayton.com
CEO Mr. Sudarshan Venu
Employees 56
Listed 2012-10-23
Face Value ₹ 5
Issued Size 2,02,32,104

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