TVS Motor Company Ltd logo

TVS Motor Company Ltd

TVSMOTOR NSE

Key Fundamentals

LargecapBikesAutomobiles
Market Cap
2.1L Cr
Volatility
Moderate
P/E Ratio
60.39
EBITDA
₹8,415 Cr
Return on Equity
29.74%
Debt to Equity
3.43
Book Value
₹201.91
EPS
₹36.05
52W High
₹4,475
52W Low
₹3,132.4

Insights

Beta

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

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36 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
  • Company has been maintaining a healthy dividend payout of 20.9%

Weaknesses

2
  • Stock is trading at 21.8 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
27.02% ↗
Net Income Growth
35.60% ↗
Cash Flow Change
-46.71% ↘
ROE
19.49% ↘
ROCE
27.64% ↗
EBITDA Margin (Avg.)
-1.38% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

TVS Motor Company trades at a market cap of ₹2,05,808 Cr with a PE of 57.3x and PB of 21.5x, reflecting premium valuations. The company has delivered strong compounded profit growth of 38% CAGR over 5 years and an ROE of 34% in the last year, though its valuation multiples remain significantly above sector averages.

Bull Case 8
  • Compounded profit growth of 38% CAGR over 5 years demonstrates consistent earnings expansion
  • Last year ROE of 34% indicates highly efficient capital utilization and improving return profile
  • TTM sales growth of 31% shows strong revenue momentum and market share gains
  • 3-year ROE average of 30% reflects sustained high-quality earnings over multiple cycles
  • 10-year compounded sales CAGR of 17% shows long-term structural demand tailwinds
  • TTM profit growth of 46% significantly outpaces revenue growth of 31%, indicating operating leverage and margin expansion
  • Consistent dividend payout ratio of 20.9% demonstrates shareholder return discipline alongside growth reinvestment
  • Stock CAGR of 51% over 5 years reflects market confidence in the company's execution track record
Bear Case 7
  • PE ratio of 57.3x is significantly elevated, leaving limited room for earnings disappointment
  • Price-to-book of 21.5x is extremely high, indicating the stock prices in years of future growth already
  • Dividend yield of just 0.27% offers negligible income cushion for investors in a downturn
  • Potential capitalization of interest costs raises concerns about reported profit quality and true operating margins
  • Stock CAGR of 45% in 1 year has outpaced TTM profit growth of 46%, suggesting limited valuation re-rating upside from here
  • 5-year stock CAGR of 51% far exceeds 5-year profit CAGR of 38%, implying multiple expansion that may not sustain
  • At 57.3x PE, the company needs to maintain 30%+ earnings growth for several years just to grow into current valuation

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

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 6
  • Q1 PAT surges 51% YoY Jul 28

    TVS Motor posted record Q1 FY27 results with revenue up 38% YoY to ₹13,896 crore, EBITDA up 41% to ₹1,779 crore, and PAT rising 51% to ₹1,174 crore.

  • Record July sales, EVs up 158% Aug 3

    TVS achieved highest-ever monthly sales of 6.30 lakh units in July 2026 (+38% YoY), with EV deliveries surging 158% to 60,934 units.

  • iQube EV launched in Kenya Aug 6

    TVS became the first Indian OEM to launch a premium EV scooter in Africa, targeting the region's 15-25% CAGR EV market with the iQube.

  • ₹3,500 Cr capacity expansion Jul 22

    TVS invested ₹3,500 crore to expand two-wheeler capacity from 6.8M to 8.3M units and three-wheeler capacity from 0.25M to 0.42M units, targeting double-digit Q2 growth.

  • Acquires 4.39% in TVS Credit Jul 27

    TVS Motor acquired 4.39% stake in subsidiary TVS Credit Services from Lucas-TVS for ₹711 crore, raising holding to 85.15%.

  • Raider launched in Egypt Jul 22

    TVS Motor launched the TVS Raider 124.76cc commuter motorcycle in Egypt, expanding its international premium portfolio.

Neutral 6
  • ₹1,500 Cr NCD issuances Aug 10

    TVS Motor raised ₹1,000 crore in NCDs (Aug 10) and ₹500 crore at 7.30% coupon maturing Jul 2029 (Jul 17), reflecting active debt market participation.

  • NCRPS redemption date set Aug 11

    TVS fixed August 21, 2026 as record date for redemption of 6% cumulative non-convertible redeemable preference shares at ₹10 per share plus accrued interest.

  • Subsidiary amalgamation scheme Aug 5

    TVS Credit Services and TVS Housing Finance are part of a composite amalgamation scheme involving Home Credit India Finance and STPL Trading, approved by respective boards.

  • Orbiter EV launched in Nepal Jul 26

    TVS launched the Orbiter electric scooter in Nepal on July 23 with 158 km IDC range and 3.1 kWh battery through distributor Jagdamba Motors.

  • Block trades on NSE Jul 24

    Two institutional block trades executed on NSE — ₹39.86 crore at ₹3,904/share (Jul 23) and ₹31.23 crore at ₹3,867/share (Jul 24).

  • 34th AGM held via webcast Jul 21

    TVS Motor held its 34th AGM on July 22, 2026 via video conference with a one-way live webcast for shareholders.

TL;DR: TVS Motor is firing on all cylinders with record Q1 FY27 earnings (PAT +51%), all-time high monthly sales, and a 158% EV surge. International expansion into Africa and Egypt, combined with a ₹3,500 crore capacity investment, signals aggressive growth intent. No material headwinds are visible in recent news flow. The trend is decisively improving, with strong momentum across ICE, EV, and international segments heading into Q2 FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
9,056
9,933
10,114
9,942
10,314
11,302
11,035
11,542
12,210
14,051
14,756
15,053
16,296
Expenses
7,852
8,588
8,639
8,487
8,884
9,678
9,402
9,638
10,407
11,941
12,488
12,881
13,952
Operating Profit
1,204
1,345
1,475
1,455
1,431
1,624
1,633
1,904
1,803
2,110
2,267
2,172
2,343
OPM %
13%
14%
15%
15%
14%
14%
15%
16%
15%
15%
15%
14%
14%
Other Income
87
51
12
-34
48
32
70
-57
40
-14
-60
7
158
Interest
437
483
494
511
500
509
536
551
551
552
561
566
602
Depreciation
227
237
242
263
241
259
258
292
315
320
323
315
354
PBT
627
676
750
647
738
888
908
1,004
977
1,223
1,323
1,298
1,545
Tax %
30%
38%
32%
36%
34%
34%
33%
31%
34%
32%
33%
37%
32%
Net Profit
441
416
510
412
485
588
609
698
643
833
891
820
1,058
EPS in Rs
9.14
8.13
10.08
8.15
9.7
11.8
11.91
13.64
12.84
16.74
17.71
16.24
21.46
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10,256
11,377
12,463
16,340
20,160
18,849
19,421
24,355
31,974
38,779
44,089
56,070
60,155
Expenses
9,650
10,558
11,591
14,769
17,997
16,585
17,189
21,601
27,947
33,344
37,501
47,717
51,262
Operating Profit
605
819
871
1,571
2,163
2,264
2,232
2,755
4,027
5,435
6,588
8,352
8,893
OPM %
6%
7%
7%
10%
11%
12%
11%
11%
13%
14%
15%
15%
15%
Other Income
80
93
163
71
25
12
36
-5
136
131
86
-28
90
Interest
62
70
60
338
663
855
881
940
1,368
1,917
2,093
2,230
2,281
Depreciation
179
262
317
374
442
556
565
743
859
956
1,046
1,273
1,312
PBT
444
580
658
931
1,083
865
822
1,067
1,936
2,693
3,535
4,822
5,390
Tax %
28%
26%
23%
29%
33%
25%
26%
31%
32%
34%
33%
34%
—
Net Profit
328
429
509
665
725
647
608
731
1,309
1,779
2,380
3,186
3,601
EPS in Rs
6.91
9.03
10.76
13.73
14.83
13.15
12.51
15.93
27.97
35.5
47.06
63.53
72.15
Div. Payout %
28%
28%
23%
24%
24%
27%
28%
24%
18%
23%
21%
19%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
48
48
48
48
48
48
48
48
48
48
48
48
Reserves
1,277
1,771
2,169
2,630
3,123
3,235
3,779
4,352
5,457
6,736
8,456
9,517
Borrowings
1,119
1,091
1,311
6,928
9,298
11,591
12,179
15,827
22,376
26,006
28,609
32,791
Other Liabilities
2,126
2,236
2,601
3,586
4,228
4,399
5,859
6,692
7,144
9,235
10,539
13,790
Total Liabilities
4,570
5,146
6,128
13,190
16,696
19,272
21,865
26,919
35,025
42,024
47,651
56,146
Fixed Assets
1,637
2,038
2,362
3,094
3,367
3,811
4,221
5,975
5,748
5,891
7,644
8,634
CWIP
93
47
64
313
745
1,006
1,041
552
743
1,033
1,465
2,072
Investments
539
943
1,155
421
440
371
468
605
967
1,123
1,247
1,147
Other Assets
2,301
2,118
2,547
9,362
12,145
14,085
16,135
19,788
27,566
33,977
37,294
44,293
Total Assets
4,570
5,146
6,128
13,190
16,696
19,272
21,865
26,919
35,025
42,024
47,651
56,146
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
83
936
689
354
-918
373
1,151
-1,575
-4,405
-1,253
3,503
1,867
Investing
-415
-605
-709
-1,095
-1,104
-1,090
-882
-1,471
-1,308
-1,481
-2,899
-2,964
Financing
261
-319
-59
897
2,210
1,619
264
2,918
6,118
3,239
1,155
909
Net Cash Flow
-71
12
-79
156
188
902
532
-128
406
505
1,759
-189
Free Cash Flow
-261
424
65
-727
-2,048
-617
227
-2,531
-5,724
-2,363
1,044
-1,280
CFO/OP
40
134
95
43
-28
27
63
-44
-94
-5
71
42
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
15
16
21
24
28
28
19
18
14
17
14
17
Inventory Days
51
40
47
34
34
35
39
37
34
34
33
26
Days Payable
76
74
80
86
83
94
121
105
89
100
103
103
Cash Conversion Cycle
-11
-18
-12
-28
-21
-31
-63
-50
-41
-49
-56
-60
Working Capital Days
-11
-20
-24
-37
-1
-27
-38
-40
-49
-20
-17
-37
ROCE %
21%
22%
22%
19%
16%
13%
11%
11%
13%
15%
15%
17%

Shareholding Pattern

As of Jun 2026
Promoters 50.27%
DIIs 21.13%
FIIs 20.45%
Public 6.45%
Others 1.70%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
57.40%
52.26%
52.26%
52.26%
50.81%
50.81%
50.81%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
50.27%
FIIs
0.00%
0.04%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
18.51%
0.00%
20.83%
21.05%
22.33%
21.21%
21.48%
22.42%
22.89%
23.09%
22.57%
20.45%
DIIs
19.15%
22.40%
23.53%
23.82%
26.88%
29.08%
25.93%
26.86%
24.40%
23.42%
23.12%
21.00%
20.26%
20.14%
19.01%
20.00%
19.74%
18.81%
18.35%
18.29%
18.83%
21.13%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.41%
7.23%
7.73%
7.26%
7.10%
7.11%
7.11%
6.89%
6.85%
6.62%
6.64%
6.91%
7.10%
7.03%
6.77%
6.89%
6.90%
6.80%
6.79%
6.66%
6.65%
6.45%
Others
16.04%
18.07%
16.48%
16.66%
15.21%
13.00%
16.16%
15.98%
18.48%
19.70%
1.46%
21.83%
1.55%
1.52%
1.63%
1.64%
1.62%
1.70%
1.70%
1.70%
1.68%
1.70%
No. of Shareholders
1,40,569
1,46,430
1,82,906
1,98,576
2,01,415
1,83,563
1,93,411
1,94,305
1,94,347
1,98,002
2,02,558
2,42,094
2,60,618
2,69,776
2,69,030
2,92,489
3,01,308
2,99,644
3,09,383
3,20,848
3,24,891
3,31,196

Documents

Frequently Asked Questions about TVS Motor Company Ltd

What does TVS Motor Company Ltd do?
TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. [1]
Where is TVS Motor Company Ltd (TVSMOTOR) listed?
TVS Motor Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: TVSMOTOR and BSE: 532343. You can view its live share price, financials, and ratios on Tapetide.
Which sector does TVS Motor Company Ltd belong to?
TVS Motor Company Ltd operates in the Consumer Discretionary sector within the Automobiles industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of TVS Motor Company Ltd?
TVS Motor Company Ltd has a market capitalisation of approximately ₹208382.71 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of TVS Motor Company Ltd?
The Price-to-Earnings (PE) ratio of TVS Motor Company Ltd is 60.39. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of TVS Motor Company Ltd?
Over the past 52 weeks, TVS Motor Company Ltd has traded between a low of ₹3,132.4 and a high of ₹4,475. This range helps investors understand the stock's price volatility and recent trading levels.
Does TVS Motor Company Ltd pay dividends?
Yes, TVS Motor Company Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of TVS Motor Company Ltd?
TVS Motor Company Ltd has a Return on Equity (ROE) of 29.74%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research TVS Motor Company Ltd on Tapetide?
On Tapetide, you can view TVS Motor Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. [1]

Website tvsmotor.com
CEO Sir Ralf Dieter Speth Ph.D.
Employees 6,522
Listed 2000-08-02
Face Value ₹ 1
Issued Size 2,37,54,35,570

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