TVS Supply Chain Solutions Ltd
TVSSCS NSE
TVS Supply Chain Solutions Ltd
ServicesNSE: TVSSCS BSE: 543965 Transport Services
Key Fundamentals
MicrocapLogistics Solution ProviderLogistics & CargoMarket Cap
₹5,411 Cr
Volatility
Moderate
P/E Ratio
83.68
EBITDA
₹820 Cr
Return on Equity
5.67%
Debt to Equity
1.36
Book Value
₹46.09
52W High
₹146.5
52W Low
₹90.32
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view TVS Supply Chain Solutions Ltd insights
38 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 28.8% CAGR over last 5 years
Weaknesses
6- Stock is trading at 2.64 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.68% over past five years.
- Company has a low return on equity of 1.34% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 31.9% of their holding.
Growth Rate
Revenue Growth
9.95% ↘
Net Income Growth
-1318.75% ↘
Cash Flow Change
11.07% ↗
ROE
-1169.81% ↘
ROCE
41.01% ↗
EBITDA Margin (Avg.)
2.91% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoAI opinion · based on fundamentals
Risk high
TVS Supply Chain Solutions is a ₹6,035 Cr market-cap logistics company that achieved a significant turnaround in FY26 with consolidated revenue of ₹11,003 Cr (up 10.1% YoY) and PAT of ₹117 Cr versus a loss of ₹9.64 Cr in FY25. However, it trades at a PE of 51.2x with a 3-year average ROE of just 1% and promoters have pledged 31.9% of their holding.
Bull Case 8
- Strong profit turnaround: consolidated PAT swung from a loss of ₹9.64 Cr in FY25 to a profit of ₹117 Cr in FY26
- Record consolidated revenue of ₹11,003 Cr in FY26, representing 10.1% YoY growth
- Q4 FY26 revenue grew 21.3% YoY to ₹3,032 Cr, indicating accelerating momentum
- Compounded profit growth of 71% CAGR over 3 years and 29% CAGR over 5 years demonstrates earnings recovery trajectory
- Adjusted EBITDA in Q3 FY26 grew 33% YoY to ₹199 Cr, showing operating leverage
- FY26 consolidated adjusted EBITDA of ₹820 Cr versus ₹724 Cr in FY25, a 13% improvement
- Last year ROE improved to 10% from a 3-year average of 1%, signaling improving capital efficiency
- Management guidance targets double-digit growth and margin improvement for FY27, supported by robust order pipeline
Bear Case 8
- Elevated valuation at PE of 51.2x despite only recently turning profitable at the consolidated level
- Promoters have pledged 31.9% of their holding, creating overhang and potential forced-selling risk
- 3-year average ROE of just 1% and 5-year average ROE of -1%, indicating prolonged period of poor capital returns
- Poor sales CAGR of only 3% over 3 years and 10% over 5 years for a company at this valuation multiple
- Zero dividend yield — no shareholder returns despite being a listed entity since its IPO
- Price-to-book of 2.94x is elevated given the historically low return on equity profile
- Potential interest cost capitalization raises questions about true profitability and asset quality
- Consolidated net profit margin remains thin at approximately 1.06% (₹117 Cr PAT on ₹11,003 Cr revenue)
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 15d ago Positives 2
- Record ₹11,003 Cr FY26 revenue Jul 11
TVS SCS posted highest-ever revenue of ₹11,003 crore in FY26 with PAT of ₹117 crore and Adjusted EBITDA of ₹771 crore. 22nd AGM scheduled for August 5, 2026.
- NCLT approves amalgamation scheme Jul 11
NCLT Chennai Bench sanctioned amalgamation of five transferor companies into TVS SCS, effective from April 01, 2023, pending Bengaluru Bench approval.
Neutral 3
- New Chief Strategy Officer appointed Aug 1
Ramanan Ranganathan appointed Chief Strategy & Transformation Officer, bringing 25+ years of digital transformation experience. He previously served as Chief Innovation Officer - India.
- BRSR filed for FY26 Jul 11
TVS SCS filed its Business Responsibility and Sustainability Report for FY26, disclosing a net zero target by 2050 and CSR spending of ₹136.49 lakhs.
- Board director Anand Kumar resigns Jul 7
Anand Kumar resigned as Non-Executive Non-Independent Director effective July 7, 2026, citing increased professional commitments.
TL;DR: TVS Supply Chain Solutions is on a strong operational footing, delivering record revenue of ₹11,003 crore in FY26 and consolidating its corporate structure through NCLT-approved amalgamation. No material headwinds are visible in recent news flow. Leadership changes and ESG disclosures signal continued institutional maturity. The trend is constructive, with growth momentum intact heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,289 | 2,263 | 2,222 | 2,426 | 2,539 | 2,513 | 2,445 | 2,499 | 2,592 | 2,663 | 2,716 | 3,032 | 3,335 |
| Expenses | 2,118 | 2,078 | 2,060 | 2,261 | 2,358 | 2,323 | 2,294 | 2,330 | 2,415 | 2,481 | 2,510 | 2,814 | 3,110 |
| Operating Profit | 170 | 185 | 162 | 165 | 182 | 190 | 151 | 169 | 177 | 182 | 206 | 218 | 225 |
| OPM % | 7% | 8% | 7% | 7% | 7% | 8% | 6% | 7% | 7% | 7% | 8% | 7% | 7% |
| Other Income | -18 | -13 | 22 | 16 | 7 | 8 | 9 | 14 | 95 | 12 | -1 | 8 | 14 |
| Interest | 63 | 57 | 44 | 38 | 40 | 41 | 39 | 37 | 38 | 33 | 42 | 45 | 45 |
| Depreciation | 137 | 142 | 140 | 139 | 135 | 140 | 136 | 133 | 130 | 137 | 147 | 156 | 161 |
| PBT | -48 | -26 | 1 | 5 | 14 | 18 | -15 | 13 | 103 | 23 | 16 | 26 | 32 |
| Tax % | 36% | 54% | -1565% | -9% | 46% | 40% | 57% | 130% | 31% | 30% | 30% | 29% | 30% |
| Net Profit | -65 | -41 | 10 | 5 | 7 | 11 | -24 | -4 | 71 | 16 | 11 | 18 | 22 |
| EPS in Rs | -1.8 | -1.13 | 0.22 | 0.1 | 0.15 | 0.21 | -0.56 | -0.11 | 1.6 | 0.35 | 0.24 | 0.4 | 0.47 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,780 | 6,605 | 6,934 | 9,250 | 9,994 | 9,200 | 9,996 | 11,003 | 11,746 |
| Expenses | 6,271 | 6,349 | 6,538 | 8,629 | 9,322 | 8,495 | 9,322 | 10,225 | 10,916 |
| Operating Profit | 509 | 255 | 396 | 621 | 672 | 705 | 673 | 778 | 830 |
| OPM % | 8% | 3.9% | 6% | 7% | 7% | 8% | 7% | 7% | 7% |
| Other Income | 63 | 184 | 111 | 12 | 62 | -7 | 63 | 126 | 34 |
| Interest | 146 | 237 | 182 | 160 | 193 | 210 | 164 | 165 | 165 |
| Depreciation | 418 | 444 | 443 | 461 | 502 | 557 | 544 | 570 | 601 |
| PBT | 8 | -242 | -119 | 13 | 40 | -69 | 29 | 168 | 97 |
| Tax % | 497% | 3% | -36% | 463% | -4% | 31% | 133% | 31% | — |
| Net Profit | -33 | -248 | -76 | -46 | 42 | -90 | -10 | 117 | 68 |
| EPS in Rs | -4.26 | -60.62 | -23.43 | -1.35 | 1.09 | -2.3 | -0.31 | 2.59 | 1.46 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 36 | 36 | 44 | 44 | 44 |
| Reserves | 588 | 479 | 459 | 678 | 687 | 1,771 | 1,758 | 1,989 |
| Borrowings | 2,501 | 3,355 | 2,734 | 2,954 | 3,324 | 2,199 | 2,088 | 2,755 |
| Other Liabilities | 1,492 | 1,524 | 1,644 | 1,986 | 2,070 | 1,757 | 1,836 | 2,351 |
| Total Liabilities | 4,612 | 5,390 | 4,868 | 5,654 | 6,117 | 5,771 | 5,726 | 7,140 |
| Fixed Assets | 2,019 | 2,021 | 1,987 | 2,141 | 2,296 | 2,350 | 2,165 | 2,859 |
| CWIP | 13 | 8 | 16 | 12 | 35 | 12 | 82 | 15 |
| Investments | 60 | 50 | 112 | 100 | 105 | 93 | 98 | 280 |
| Other Assets | 2,521 | 3,310 | 2,754 | 3,401 | 3,681 | 3,316 | 3,380 | 3,985 |
| Total Assets | 4,612 | 5,390 | 4,868 | 5,654 | 6,117 | 5,771 | 5,726 | 7,140 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | 372 | 190 | 712 | 601 | 734 | 128 | 672 | 746 |
| Investing | -236 | -337 | 102 | -383 | -222 | -112 | -142 | -229 |
| Financing | -17 | 557 | -1,167 | 237 | -419 | -592 | -495 | -449 |
| Net Cash Flow | 120 | 410 | -353 | 455 | 92 | -576 | 35 | 68 |
| Free Cash Flow | 234 | 71 | 601 | 501 | 590 | 16 | 511 | 481 |
| CFO/OP | 73 | 75 | 181 | 99 | 120 | 20 | 110 | 102 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 73 | 61 | 52 | 45 | 56 | 53 | 55 |
| Inventory Days | 74 | 71 | 91 | 92 | 92 | 86 | 79 | 95 |
| Days Payable | 440 | 432 | 464 | 458 | 380 | 303 | 293 | 320 |
| Cash Conversion Cycle | -300 | -288 | -311 | -314 | -243 | -162 | -161 | -170 |
| Working Capital Days | -20 | -46 | -22 | -36 | -55 | -14 | -13 | -21 |
| ROCE % | — | 0% | 1% | 6% | 6% | 5% | 5% | 10% |
Documents
1
Announcement Under Regulation 30 (LODR) - Intimation Regarding Filing Of Appeal Before Commissioner Of Income Tax.
30 Apr - TVS SCS GFS appealed ₹6.71 crore income tax demand before CIT(A). 30 Apr - TVS SCS GFS appealed ₹6.71 crore income tax demand before CIT(A).
2
Format Of The Initial Disclosure To Be Made By An Entity Identified As A Large Corporate : Annexure A
29 Apr - TVS Supply Chain Solutions says it is not a Large Corporate as of March 31, 2026. 29 Apr - TVS Supply Chain Solutions says it is not a Large Corporate as of March 31, 2026.
3
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
24 Apr - TVS Supply Chain Solutions received ₹8.98 crore income tax demand on April 23, 2026 and will appeal. 24 Apr - TVS Supply Chain Solutions received ₹8.98 crore income tax demand on April 23, 2026 and will appeal.
4
Announcement Under Regulation 30 (LODR) - Intimation Regarding Filing Of Appeal Before Commissioner Of Income Tax.
30 Apr - TVS SCS GFS appealed ₹6.71 crore income tax demand before CIT(A). 30 Apr - TVS SCS GFS appealed ₹6.71 crore income tax demand before CIT(A).
5
Format Of The Initial Disclosure To Be Made By An Entity Identified As A Large Corporate : Annexure A
29 Apr - TVS Supply Chain Solutions says it is not a Large Corporate as of March 31, 2026. 29 Apr - TVS Supply Chain Solutions says it is not a Large Corporate as of March 31, 2026.
Frequently Asked Questions about TVS Supply Chain Solutions Ltd
What does TVS Supply Chain Solutions Ltd do?
TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.[1]
Where is TVS Supply Chain Solutions Ltd (TVSSCS) listed?
TVS Supply Chain Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: TVSSCS and BSE: 543965. You can view its live share price, financials, and ratios on Tapetide.
Which sector does TVS Supply Chain Solutions Ltd belong to?
TVS Supply Chain Solutions Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of TVS Supply Chain Solutions Ltd?
TVS Supply Chain Solutions Ltd has a market capitalisation of approximately ₹5411.07 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of TVS Supply Chain Solutions Ltd?
The Price-to-Earnings (PE) ratio of TVS Supply Chain Solutions Ltd is 83.68. 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 Supply Chain Solutions Ltd?
Over the past 52 weeks, TVS Supply Chain Solutions Ltd has traded between a low of ₹90.32 and a high of ₹146.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of TVS Supply Chain Solutions Ltd?
TVS Supply Chain Solutions Ltd has a Return on Equity (ROE) of 5.67%. 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 Supply Chain Solutions Ltd on Tapetide?
On Tapetide, you can view TVS Supply Chain Solutions 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 Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.[1]