Nifty
:
24536.60
Sensex
:
79310.01
576.00 (2.40%)
2008.61 (2.60%)
Nifty
Sensex
:
:
24536.60
79310.01
576.00 (2.40%)
2008.61 (2.60%)

TVS Motor Company Ltd.

Automobile Two & Three Wheelers

Rating :
83/99

BSE: 532343 | NSE: TVSMOTOR

NSE BSE
4450.00
05-Nov-2026
  • Open
  • High
  • Low
  • Previous Close
  •  4390
  •  4490
  •  4356.2
  •  4331.20
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  968889
  •  4308976047.4
  •  4490
  •  3228

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,10,938.68
  • 55.12
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,42,237.58
  • 0.27%
  • 18.59

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 50.27%
  • 0.60%
  • 6.42%
  • FII
  • DII
  • Others
  • 21.39%
  • 18.24%
  • 3.08%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 16.23
  • 18.15
  • 13.08

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 25.33
  • 24.70
  • 8.79

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 19.43
  • 31.87
  • 22.02

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 50.65
  • 56.84
  • 61.17

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.33
  • 13.89
  • 16.80

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.16
  • 21.32
  • 23.95

Earnings Forecasts:

(Updated: 31-10-2026)
Description
2026
2027
2028
2029
Adj EPS
63.53
94.87
115
131.41
P/E Ratio
70.05
46.91
38.70
33.86
Revenue
56069.5
57240.4
64096.5
71569.7
EBITDA
8393.33
7326.2
8684.75
10003
Net Income
3018.33
4345.3
5212
6188.4
ROA
5.78
21.49
22.38
22.95
P/B Ratio
22.10
14.37
11.20
8.87
ROE
33.41
34.45
30.33
27.26
FCFF
-1575.88
2839.65
4627.07
5488.47
FCFF Yield
-0.72
1.3
2.13
2.52
Net Debt
27769.9
2050.5
-415.1
-3603
BVPS
201.32
309.63
397.39
501.6

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 26
Sep 25
Var%
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Net Sales
19,474.44
14,051.22
38.60%
16,295.52
12,210.05
33.46%
15,052.73
11,542.00
30.42%
14,755.52
11,034.88
33.72%
Expenses
16,748.94
11,928.86
40.41%
13,938.05
10,396.21
34.07%
12,865.82
9,622.30
33.71%
12,485.30
9,380.71
33.10%
EBITDA
2,725.50
2,122.36
28.42%
2,357.47
1,813.84
29.97%
2,186.91
1,919.70
13.92%
2,270.22
1,654.17
37.24%
EBIDTM
14.00%
15.10%
14.47%
14.86%
14.53%
16.63%
15.39%
14.99%
Other Income
97.99
-14.00
-
158.20
39.66
298.89%
6.65
-68.16
-
-10.30
65.11
-
Interest
669.66
552.39
21.23%
602.17
550.56
9.37%
565.82
550.80
2.73%
561.05
536.09
4.66%
Depreciation
358.23
320.42
11.80%
354.00
314.83
12.44%
314.54
291.80
7.79%
322.85
258.43
24.93%
PBT
1,795.60
1,235.55
45.33%
1,559.50
988.11
57.83%
1,313.20
1,008.94
30.16%
1,325.94
924.76
43.38%
Tax
571.69
390.53
46.39%
487.58
334.33
45.84%
478.58
306.18
56.31%
431.87
298.71
44.58%
PAT
1,223.91
845.02
44.84%
1,071.92
653.78
63.96%
834.62
702.76
18.76%
894.07
626.05
42.81%
PATM
6.28%
6.01%
6.58%
5.35%
5.54%
6.09%
6.06%
5.67%
EPS
25.14
16.74
50.18%
21.46
12.84
67.13%
16.24
13.64
19.06%
17.71
11.91
48.70%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
65,578.21
56,069.52
44,089.01
38,778.82
31,973.99
24,355.31
19,420.82
18,849.31
20,159.99
16,340.25
12,462.62
Net Sales Growth
34.28%
27.17%
13.69%
21.28%
31.28%
25.41%
3.03%
-6.50%
23.38%
31.11%
 
Cost Of Goods Sold
41,857.38
34,879.76
26,723.84
24,270.22
20,846.26
16,257.29
12,925.46
12,316.77
13,954.32
11,291.56
8,936.46
Gross Profit
23,720.83
21,189.76
17,365.17
14,508.60
11,127.73
8,098.02
6,495.36
6,532.54
6,205.67
5,048.69
3,526.16
GP Margin
36.17%
37.79%
39.39%
37.41%
34.80%
33.25%
33.45%
34.66%
30.78%
30.90%
28.29%
Total Expenditure
56,038.11
47,764.02
37,518.56
33,327.73
27,906.61
21,600.68
17,182.99
16,576.26
17,999.17
14,797.80
11,593.86
Power & Fuel Cost
-
141.84
118.63
104.53
133.47
126.81
96.14
112.75
136.59
128.63
108.83
% Of Sales
-
0.25%
0.27%
0.27%
0.42%
0.52%
0.50%
0.60%
0.68%
0.79%
0.87%
Employee Cost
-
4,391.61
3,580.88
3,297.72
2,890.25
2,124.62
1,689.37
1,539.35
1,432.15
1,149.79
828.05
% Of Sales
-
7.83%
8.12%
8.50%
9.04%
8.72%
8.70%
8.17%
7.10%
7.04%
6.64%
Manufacturing Exp.
-
347.57
334.37
245.47
209.50
160.71
142.23
154.06
155.03
156.57
142.71
% Of Sales
-
0.62%
0.76%
0.63%
0.66%
0.66%
0.73%
0.82%
0.77%
0.96%
1.15%
General & Admin Exp.
-
117.35
106.77
63.59
58.54
59.77
46.65
31.59
29.46
73.14
55.04
% Of Sales
-
0.21%
0.24%
0.16%
0.18%
0.25%
0.24%
0.17%
0.15%
0.45%
0.44%
Selling & Distn. Exp.
-
2,735.58
2,205.69
1,738.65
1,293.70
1,076.82
938.77
1,192.42
1,178.91
1,297.74
1,082.34
% Of Sales
-
4.88%
5.00%
4.48%
4.05%
4.42%
4.83%
6.33%
5.85%
7.94%
8.68%
Miscellaneous Exp.
-
5,150.31
4,448.38
3,607.55
2,474.89
1,794.66
1,344.37
1,229.32
1,112.71
700.37
1,082.34
% Of Sales
-
9.19%
10.09%
9.30%
7.74%
7.37%
6.92%
6.52%
5.52%
4.29%
3.53%
EBITDA
9,540.10
8,305.50
6,570.45
5,451.09
4,067.38
2,754.63
2,237.83
2,273.05
2,160.82
1,542.45
868.76
EBITDA Margin
14.55%
14.81%
14.90%
14.06%
12.72%
11.31%
11.52%
12.06%
10.72%
9.44%
6.97%
Other Income
252.54
109.84
147.83
132.75
138.00
32.87
47.22
51.83
25.44
99.61
165.44
Interest
2,398.70
2,229.82
2,093.25
1,916.60
1,367.89
940.22
881.49
854.54
663.40
338.22
59.62
Depreciation
1,349.62
1,272.64
1,045.56
956.15
858.86
742.86
564.82
556.00
441.71
373.60
316.82
PBT
5,994.24
4,912.88
3,579.47
2,711.09
1,978.63
1,104.42
838.74
914.34
1,081.15
930.24
657.76
Tax
1,969.72
1,635.31
1,155.45
914.04
626.57
335.91
214.13
218.62
357.45
266.03
148.67
Tax Rate
32.86%
33.63%
32.28%
33.71%
31.70%
31.56%
25.82%
25.01%
33.06%
28.60%
22.60%
PAT
4,024.52
3,018.33
2,205.65
1,661.41
1,328.67
756.82
594.26
624.62
704.67
652.35
511.24
PAT before Minority Interest
3,863.40
3,186.43
2,349.90
1,753.58
1,309.46
730.88
607.50
646.80
725.40
664.78
509.29
Minority Interest
-161.12
-168.10
-144.25
-92.17
19.21
25.94
-13.24
-22.18
-20.73
-12.43
1.95
PAT Margin
6.14%
5.38%
5.00%
4.28%
4.16%
3.11%
3.06%
3.31%
3.50%
3.99%
4.10%
PAT Growth
42.33%
36.85%
32.76%
25.04%
75.56%
27.36%
-4.86%
-11.36%
8.02%
27.60%
 
EPS
84.71
63.53
46.42
34.97
27.97
15.93
12.51
13.15
14.83
13.73
10.76

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
9,564.25
8,503.38
6,783.51
5,505.00
4,399.45
3,826.61
3,282.10
3,170.17
2,677.20
2,216.04
Share Capital
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
Total Reserves
9,515.78
8,455.60
6,736.00
5,457.49
4,351.94
3,779.10
3,234.59
3,122.66
2,629.69
2,168.53
Non-Current Liabilities
13,145.62
14,825.19
13,236.86
9,798.63
7,949.47
6,741.85
5,643.89
5,095.76
2,502.17
694.52
Secured Loans
8,990.55
9,896.95
8,926.36
5,673.08
4,815.42
4,600.99
4,318.65
3,970.54
1,616.61
296.58
Unsecured Loans
3,495.71
4,035.73
3,702.96
3,391.00
2,490.35
1,679.27
902.58
938.62
744.32
204.65
Long Term Provisions
354.86
322.57
270.18
231.26
196.24
159.44
131.42
89.64
86.53
64.59
Current Liabilities
32,067.68
23,173.54
21,078.21
19,218.70
13,906.30
10,908.71
10,025.24
8,184.79
7,829.85
3,208.62
Trade Payables
9,834.28
7,561.26
6,638.22
5,096.67
4,663.13
4,298.60
3,186.84
3,159.68
2,650.84
1,953.69
Other Current Liabilities
14,146.11
12,548.38
9,609.83
9,180.87
5,446.16
3,455.52
2,967.13
1,706.24
1,921.35
451.17
Short Term Borrowings
7,700.10
2,805.83
4,628.94
4,809.37
3,689.59
3,069.25
3,780.70
3,253.81
3,192.46
740.85
Short Term Provisions
387.19
258.07
201.22
131.79
107.42
85.34
90.57
65.06
65.20
62.91
Total Liabilities
55,926.16
47,441.00
41,826.18
34,927.18
26,908.78
21,865.07
19,272.17
16,696.49
13,190.30
6,127.96
Net Block
8,488.30
7,503.07
5,753.12
5,610.33
5,836.94
4,083.35
3,672.99
3,229.10
2,955.45
2,329.50
Gross Block
16,624.03
14,027.00
11,623.13
10,682.10
10,330.95
7,904.34
6,920.59
6,026.04
5,406.29
4,490.27
Accumulated Depreciation
8,135.73
6,523.93
5,870.01
5,071.77
4,494.01
3,820.99
3,247.60
2,796.94
2,450.84
2,160.77
Non Current Assets
24,456.73
21,456.75
20,306.17
17,902.90
14,021.15
11,328.23
9,533.17
8,364.82
6,865.56
3,693.69
Capital Work in Progress
2,072.22
1,465.45
1,032.95
743.45
551.53
1,040.77
1,006.01
744.51
313.26
63.81
Non Current Investment
626.64
732.07
960.00
775.33
474.33
468.01
370.91
439.73
421.02
1,155.19
Long Term Loans & Adv.
13,078.07
11,581.07
12,296.18
10,503.43
6,905.97
5,581.01
4,318.53
3,771.39
3,006.27
100.14
Other Non Current Assets
45.85
33.71
126.22
132.66
114.68
17.39
27.03
42.39
31.16
12.49
Current Assets
31,469.43
25,984.25
21,520.01
17,024.28
12,887.63
10,536.84
9,739.00
8,331.67
6,324.74
2,434.27
Current Investments
520.00
515.31
163.19
191.92
130.23
0.00
0.00
0.00
0.00
0.00
Inventories
2,459.20
2,416.58
2,248.40
1,921.51
1,642.36
1,367.43
1,188.47
1,291.57
1,056.15
1,161.86
Sundry Debtors
2,654.13
1,716.75
1,839.42
1,256.42
1,177.30
1,029.26
1,454.36
1,546.07
1,070.88
701.81
Cash & Bank
4,501.12
4,386.24
2,425.73
1,879.11
1,535.61
1,656.85
1,107.57
206.31
172.93
51.26
Other Current Assets
21,334.98
785.79
430.41
770.43
8,402.13
6,483.30
5,988.60
5,287.72
4,024.78
519.34
Short Term Loans & Adv.
19,583.63
16,163.58
14,412.86
11,004.89
8,060.30
6,321.85
5,815.28
5,117.11
3,884.13
460.11
Net Current Assets
-598.25
2,810.71
441.80
-2,194.42
-1,018.67
-371.87
-286.24
146.88
-1,505.11
-774.35
Total Assets
55,926.16
47,441.00
41,826.18
34,927.18
26,908.78
21,865.07
19,272.17
16,696.49
13,190.30
6,127.96

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
1,866.59
3,502.92
-1,252.67
-4,404.81
-1,575.19
1,151.29
373.43
-917.94
354.41
689.36
PBT
4,821.74
3,527.84
2,702.92
1,936.03
1,066.79
821.63
865.42
1,082.85
930.24
657.76
Adjustment
1,685.18
1,438.04
1,271.47
994.50
852.65
737.72
631.19
582.95
401.38
266.60
Changes in Working Capital
-3,014.82
-316.31
-4,267.64
-6,727.47
-3,128.48
-157.33
-881.36
-2,267.02
-651.68
-97.99
Cash after chg. in Working capital
3,492.10
4,649.57
-293.25
-3,796.94
-1,209.04
1,402.02
615.25
-601.22
679.94
826.37
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,625.51
-1,146.65
-959.42
-607.87
-366.15
-250.73
-241.82
-316.72
-325.53
-137.01
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-2,964.47
-2,898.96
-1,481.36
-1,307.76
-1,470.91
-882.37
-1,090.15
-1,103.63
-1,095.17
-708.97
Net Fixed Assets
-1,977.26
-1,423.13
-1,040.82
-984.73
-981.23
-579.18
-759.65
-634.30
-685.28
-495.18
Net Investments
-2,484.01
-2,172.18
-1,307.39
-967.89
-1,401.46
-708.64
-305.21
-265.29
-447.48
-373.04
Others
1,496.80
696.35
866.85
644.86
911.78
405.45
-25.29
-204.04
37.59
159.25
Cash from Financing Activity
909.33
1,155.24
3,238.64
6,118.08
2,918.02
263.50
1,619.17
2,209.77
896.54
-58.93
Net Cash Inflow / Outflow
-188.55
1,759.20
504.61
405.51
-128.08
532.42
902.45
188.20
155.78
-78.54
Opening Cash & Equivalents
4,115.00
2,355.80
1,851.19
1,445.68
1,573.76
1,041.34
138.89
-49.31
-205.09
-126.55
Closing Cash & Equivalent
3,926.45
4,115.00
2,355.80
1,851.19
1,445.68
1,573.76
1,041.34
138.89
-49.31
-205.09

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
201.29
178.98
142.78
115.87
92.60
80.54
69.08
66.73
56.35
46.64
ROA
6.17%
5.26%
4.57%
4.24%
3.00%
2.99%
3.64%
4.84%
6.88%
9.03%
ROE
35.27%
30.74%
28.54%
26.44%
17.77%
17.31%
20.32%
24.75%
27.15%
25.24%
ROCE
18.24%
16.42%
15.49%
14.11%
11.32%
11.26%
12.76%
15.81%
19.32%
22.29%
Fixed Asset Turnover
3.66
3.44
3.48
3.04
2.67
2.62
2.91
3.53
3.38
3.21
Receivable days
14.23
14.72
14.57
13.89
16.53
23.34
29.05
23.69
19.37
16.04
Inventory Days
15.87
19.31
19.62
20.34
22.55
24.02
24.01
21.25
24.24
27.49
Payable days
91.02
96.97
88.24
85.44
100.60
105.69
72.71
61.05
58.35
57.09
Cash Conversion Cycle
-60.92
-62.94
-54.05
-51.21
-61.51
-58.33
-19.64
-16.10
-14.74
-13.56
Total Debt/Equity
3.31
3.25
3.73
3.93
3.48
3.12
3.46
2.93
2.59
0.59
Interest Cover
3.16
2.67
2.39
2.42
2.13
1.94
2.02
2.63
3.75
12.03

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • TVS Motor Company unveils four production-ready models at EICMA 2026
    3rd Nov 2026, 15:58 PM

    The four models, the TVS Orbiter, TVS M1-S, TVS X and TVS RTR 125, reflect TVS Motor's approach to serving Europe's evolving mobility needs

    Read More
  • TVS Motor Company records 29% growth in October sales
    2nd Nov 2026, 11:17 AM

    Total International Business sales grew by 51% with sales of 175,350 units in October 2026 as against 115,806 units in October 2025

    Read More
  • TVS Motor Company introduces TVS Ronin Agonda
    30th Oct 2026, 15:30 PM

    The name Agonda comes from Agonda Beach in Goa, India, which is known for its white sand, warm sunshine, and calm, laid-back atmosphere

    Read More
  • TVS Motor Company - Quarterly Results
    29th Oct 2026, 00:00 AM

    Read More
  • TVS Motor gets nod to acquire entire stake in STPL Trading and Services
    28th Oct 2026, 18:02 PM

    The acquisition is proposed as part of the company's business consolidation and restructuring initiatives

    Read More
  • TVS Motor Company reports 50% jump in Q2 consolidated net profit
    28th Oct 2026, 17:40 PM

    The total consolidated income of the company has increased by 39.43% at Rs 19,572.43 crore for Q2FY27

    Read More
  • TVS Motor Company launches ‘TVS NTORQ 150’ in Nepal
    26th Sep 2026, 16:28 PM

    TVS NTORQ 150 is now available across Jagdamba Motors dealerships in Nepal

    Read More
  • TVS Motor launches expanded TVS Apache motorcycle portfolio in Sri Lanka
    12th Sep 2026, 15:11 PM

    The launch marks the introduction of the globally celebrated TVS Apache brand to the customers in Sri Lanka

    Read More
  • TVS Motor Company records 21% growth in August sales
    1st Sep 2026, 17:17 PM

    Its total two-wheelers registered a growth of 21% with sales of 591,437 units in August 2026 as against 490,788 units in August 2025

    Read More
  • TVS Motor Company launches TVS Jupiter dual tone spectral range
    27th Aug 2026, 12:28 PM

    The new TVS Jupiter dual tone spectral range will be available soon across authorised TVS Motor dealerships at Rs 89,825

    Read More
  • TVS Motor Company introduces TVS iQube MillionR special edition
    25th Aug 2026, 14:58 PM

    The TVS iQube MillionR Special Edition is priced at Rs 1,40,138 (effective ex-showroom, Karnataka)

    Read More
  • TVS Motor Company launches TVS Orbiter electric scooter in Sri Lanka
    17th Aug 2026, 10:11 AM

    TVS Orbiter will be available in 4 vibrant colours in Sri Lanka - Neon Sunburst, Stratos Blue, Cosmic Titanium and Martian Copper.

    Read More
  • TVS Motor Company launches TVS King EV MAX in Sri Lanka
    14th Aug 2026, 10:22 AM

    The TVS King EV MAX is now available across select dealerships in Sri Lanka and will be available across the channel network by September 2026

    Read More
  • TVS Motor Company launches TVS iQube in Kenya
    7th Aug 2026, 11:09 AM

    The product is backed by the extensive after-sales network of Car & General, leveraging over two decades of trusted presence in Kenya

    Read More
  • TVS Motor Company records 38% growth in July sales
    3rd Aug 2026, 11:12 AM

    On the international front, Total International Business sales registered a growth of 29% with sales of 1,84,264 units in July 2026 as against 1,42,629 units in July 2025

    Read More
  • TVS Motor expands TVS Raider Super Squad Edition with Doctor Doom-Inspired Variant
    31st Jul 2026, 15:42 PM

    The new TVS Raider Super Squad Edition in the all new Spectral Green colourway will be available at a price of Rs 95,320 (Ex showroom Delhi)

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.