TVS Srichakra
TVS Srichakra (TVSSRICHAK) share price was ₹4,196.10 at the 28 Oct 2026 close; market capitalisation ₹3,213 Cr; P/E (TTM) 34.78; sector Automobiles. The share price rose 2.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 30.3% year on year to ₹1,067.6 Cr and net profit was ₹34 Cr, against ₹13 Cr a year earlier (compared with Jun 2025). Promoters held 45.70% of TVS Srichakra in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 55/100 (Good) as of 28 Oct 2026.
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of 29 Oct 2026, 10:42 IST · EPS basis: Consolidated · TTM
Peer Comparison
Consumer Discretionary › Automobiles › Tyres › Tyres & Rubber Products
| ₹1,18,410.00 | 20.77 | 50,219 Cr | 2.39 | 0.20% | 11.57% | 15.64% | 32,472 Cr | 2,418 Cr | |
| ₹2,094.50 | 28.81 | 40,490 Cr | 3.70 | 0.19% | 11.35% | 14.02% | 11,763 Cr | 1,405 Cr | |
| ₹385.25 | 14.33 | 24,467 Cr | 1.45 | 1.57% | 8.21% | 8.04% | 29,505 Cr | 1,709 Cr | |
| ₹3,142.00 | 24.64 | 12,709 Cr | 2.56 | 1.11% | 13.80% | 17.82% | 17,499 Cr | 515 Cr | |
| ₹306.40 | 13.21 | 8,833 Cr | 1.46 | 1.32% | 12.78% | 13.92% | 17,285 Cr | 657 Cr | |
| ₹4,188.20 | 34.72 | 3,207 Cr | 2.70 | 0.92% | 5.97% | 9.42% | 3,920 Cr | 92 Cr | |
| ₹683.75 | 29.26 | 1,577 Cr | 2.61 | 3.96% | 10.15% | 12.99% | 2,622 Cr | 54 Cr | |
| Median 7 companies | ₹2,094.50 | 24.64 | 12,709 Cr | 2.56 | 1.11% | 11.35% | 13.92% | 17,285 Cr | 657 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 45.7%
Weaknesses
2- Stock is trading at 2.76 times its book value
- Company has a low return on equity of 6.16% over last 3 years.
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Analyst Rating
0 of 2 analysts rate Buy, 0 Hold, 2 Sell.
Updated 29 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 8% · Jun 2026
Analyst Forecasts
AI Analysis — Bull vs Bear
TVS Srichakra Ltd is a mid-cap tyre manufacturer with a market cap of ₹3,201 Cr trading at a PE of 45.4x. The company posted TTM sales growth of 12% and a sharp 159% TTM profit recovery, but its 3-year ROE remains subdued at 6% and longer-term compounded profit growth over 5 and 10 years is negative.
- Strong TTM revenue growth of 12% signals improving demand momentum, with FY26 consolidated sales reaching ~₹3,643 Cr vs ₹3,254 Cr in FY25 (approx 12% YoY growth)
- TTM compounded profit growth of 159% indicates a sharp earnings recovery from a low base, with PBT rising to ₹103 Cr in FY26 from ₹37 Cr in FY25
- Stock CAGR of 31% over 1 year reflects strong market re-rating and renewed investor interest
- Healthy dividend payout ratio of 45.7% demonstrates commitment to shareholder returns despite cyclical earnings
- 5-year sales CAGR of 13% shows sustained top-line compounding through commodity and demand cycles
- Operating profit margin improved to 7.63% in FY26 from 6.89% in FY25, indicating margin recovery trajectory
- Longer-term stock CAGR of 15% over 5 years and 11% over 3 years suggests consistent wealth creation above inflation
- PE of 45.4x is elevated for a tyre company with only 6% ROE, implying the market is pricing in significant future improvement that may not materialize
- 3-year ROE of just 6% and 5-year ROE of 6% indicate persistently poor capital efficiency well below cost of equity
- Compounded profit CAGR is negative over 3 years (-5%), 5 years (-1%), and 10 years (-9%), showing structural earnings weakness
- Stock trades at 2.72x book value despite delivering only 6% ROE, suggesting stretched valuation relative to returns generated
- Dividend yield of only 0.4% provides minimal income cushion despite the 45.7% payout ratio, reflecting high stock price relative to earnings
- 10-year sales CAGR of only 5% indicates limited long-term revenue scale-up for a company in a growing Indian auto market
- 10-year compounded profit CAGR of -9% means the company has actually destroyed earnings power over a full business cycle
- FY25 net profit was only ₹20.5 Cr on ₹3,254 Cr revenue (net margin under 1%), highlighting vulnerability to input cost spikes
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Five new retail outlets launched Jun 23
TVS Srichakra opened 5 exclusive Eurogrip Tyres stores in Hyderabad on June 23, 2026, part of a broader plan to strengthen brand presence across key Indian markets.
- Promoter shares unencumbered Jun 15
Promoter R Naresh declared no new encumbrances on shares for FY ended March 31, 2026, per SEBI regulations.
TL;DR: TVS Srichakra is actively expanding its retail footprint with dedicated Eurogrip stores, signaling confidence in its consumer-facing brand strategy. No material risks surfaced in recent news, and promoter holding remains clean with no encumbrance. The trend is stable with a mild positive tilt from retail expansion, though limited news flow makes it difficult to assess broader momentum.
Quarterly Results
| Particulars | 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 | 702 | 740 | 719 | 765 | 791 | 842 | 803 | 818 | 819 | 926 | 917 | 981 | 1,068 |
| Expenses | 642 | 649 | 650 | 688 | 736 | 783 | 758 | 752 | 771 | 861 | 838 | 894 | 987 |
| Operating Profit | 61 | 91 | 68 | 77 | 55 | 59 | 44 | 67 | 48 | 66 | 78 | 87 | 81 |
| OPM % | 9% | 12% | 10% | 10% | 7% | 7% | 6% | 8% | 6% | 7% | 9% | 9% | 8% |
| Other Income | 3 | -1 | 2 | -6 | 0 | 3 | -5 | -3 | 20 | 0 | -13 | 10 | 13 |
| Interest | 12 | 10 | 10 | 13 | 13 | 13 | 14 | 14 | 14 | 12 | 12 | 12 | 12 |
| Depreciation | 24 | 26 | 27 | 28 | 29 | 31 | 32 | 37 | 34 | 36 | 36 | 37 | 37 |
| PBT | 28 | 54 | 33 | 31 | 12 | 18 | -6 | 12 | 20 | 18 | 17 | 48 | 45 |
| Tax % | 25% | 28% | 28% | 22% | 44% | 43% | 8% | 22% | 36% | 40% | 34% | 25% | 25% |
| Net Profit | 21 | 39 | 24 | 24 | 7 | 10 | -6 | 10 | 13 | 11 | 11 | 36 | 34 |
| EPS (₹) | 27.36 | 51.09 | 31.47 | 31.06 | 8.72 | 13.46 | -7.8 | 12.52 | 16.82 | 14.51 | 14.56 | 47.13 | 44.43 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,176 | 2,185 | 1,961 | 2,152 | 2,431 | 2,104 | 1,939 | 2,543 | 2,985 | 2,926 | 3,254 | 3,643 | 3,892 |
| Expenses | 1,958 | 1,858 | 1,676 | 1,899 | 2,168 | 1,887 | 1,709 | 2,373 | 2,751 | 2,625 | 3,024 | 3,358 | 3,580 |
| Operating Profit | 219 | 326 | 284 | 253 | 263 | 217 | 230 | 170 | 234 | 301 | 230 | 285 | 312 |
| OPM % | 10% | 15% | 14% | 12% | 11% | 10% | 12% | 7% | 8% | 10% | 7% | 8% | 8% |
| Other Income | -7 | 23 | 5 | 15 | 12 | 10 | 5 | 4 | 4 | -2 | -5 | 17 | 11 |
| Interest | 33 | 22 | 22 | 31 | 37 | 39 | 33 | 34 | 44 | 48 | 60 | 57 | 48 |
| Depreciation | 42 | 44 | 56 | 69 | 85 | 100 | 104 | 80 | 92 | 104 | 129 | 142 | 146 |
| PBT | 137 | 284 | 211 | 169 | 153 | 87 | 98 | 59 | 101 | 146 | 37 | 103 | 129 |
| Tax % | 29% | 33% | 29% | 31% | 33% | 6% | 24% | 27% | 23% | 26% | 44% | 31% | — |
| Net Profit | 98 | 190 | 148 | 116 | 103 | 82 | 74 | 43 | 78 | 108 | 21 | 71 | 92 |
| EPS (₹) | 130 | 243 | 193 | 152 | 134 | 108 | 96.54 | 56.77 | 102 | 141 | 26.92 | 93.02 | 121 |
| Div. Payout % | 26% | 25% | 26% | 26% | 30% | 19% | 31% | 29% | 32% | 34% | 63% | 41% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 275 | 404 | 553 | 631 | 721 | 737 | 817 | 963 | 1,027 | 1,104 | 1,176 | 1,183 |
| Borrowings | 274 | 145 | 315 | 312 | 426 | 351 | 208 | 610 | 662 | 842 | 886 | 767 |
| Other Liabilities | 414 | 412 | 515 | 475 | 655 | 520 | 590 | 779 | 757 | 739 | 906 | 1,082 |
| Total Liabilities | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,694 | 2,976 | 3,039 |
| Fixed Assets | 382 | 384 | 532 | 620 | 662 | 687 | 666 | 708 | 905 | 1,084 | 1,167 | 1,161 |
| CWIP | 18 | 44 | 63 | 26 | 34 | 48 | 63 | 226 | 145 | 143 | 98 | 67 |
| Investments | 1 | 49 | 49 | 68 | 97 | 97 | 101 | 254 | 255 | 260 | 392 | 414 |
| Other Assets | 569 | 493 | 748 | 711 | 1,016 | 785 | 793 | 1,171 | 1,149 | 1,207 | 1,319 | 1,397 |
| Total Assets | 970 | 969 | 1,391 | 1,426 | 1,809 | 1,616 | 1,622 | 2,359 | 2,453 | 2,694 | 2,976 | 3,039 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 244 | 400 | 64 | 185 | 64 | 299 | 307 | -62 | 206 | 228 | 197 | 297 |
| Investing | -84 | -120 | -215 | -102 | -120 | -136 | -92 | -282 | -202 | -325 | -154 | -103 |
| Financing | -158 | -271 | 149 | -79 | 52 | -169 | -215 | 348 | 0 | 101 | -47 | -187 |
| Net Cash Flow | 2 | 9 | -3 | 5 | -4 | -5 | 1 | 4 | 4 | 3 | -3 | 7 |
| Free Cash Flow | 158 | 315 | -157 | 81 | -71 | 161 | 210 | -347 | 206 | 228 | 202 | 297 |
| CFO/OP | 130 | 151 | 42 | 92 | 43 | 151 | 142 | -21 | 99 | 88 | 91 | 111 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 29 | 38 | 41 | 51 | 36 | 46 | 34 | 27 | 35 | 39 | 41 |
| Inventory Days | 74 | 63 | 138 | 95 | 123 | 135 | 149 | 198 | 161 | 159 | 154 | 128 |
| Days Payable | 52 | 34 | 67 | 50 | 83 | 70 | 102 | 102 | 85 | 91 | 97 | 92 |
| Cash Conversion Cycle | 59 | 58 | 109 | 86 | 91 | 101 | 93 | 131 | 102 | 103 | 96 | 77 |
| Working Capital Days | 7 | 5 | 0 | -3 | 4 | 18 | 28 | 36 | 6 | 6 | -13 | -19 |
| ROCE % | 30% | 50% | 32% | 22% | 18% | 11% | 12% | 7% | 9% | 11% | 5% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about TVS Srichakra
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Company Information
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]
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