Nifty
:
25693.70
Sensex
:
83580.40
50.90 (0.20%)
266.47 (0.32%)
Nifty
Sensex
:
:
25693.70
83580.40
50.90 (0.20%)
266.47 (0.32%)

TVS Motor Company Ltd.

Automobile Two & Three Wheelers

Rating :
86/99

BSE: 532343 | NSE: TVSMOTOR

NSE BSE
3758.50
06-Feb-2026
  • Open
  • High
  • Low
  • Previous Close
  •  3700
  •  3773
  •  3667.1
  •  3712.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  735378
  •  2737258642.9
  •  3909
  •  2192.75

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,78,753.90
  • 61.75
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,04,562.92
  • 0.27%
  • 19.84

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 50.27%
  • 0.61%
  • 6.66%
  • FII
  • DII
  • Others
  • 23.09%
  • 16.45%
  • 2.92%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 14.51
  • 17.82
  • 11.30

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 23.19
  • 24.04
  • 10.07

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 17.92
  • 29.65
  • 18.41

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 47.38
  • 53.66
  • 60.34

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 10.67
  • 12.29
  • 14.97

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.07
  • 20.18
  • 22.53

Earnings Forecasts:

(Updated: 07-02-2026)
Description
2024
2025
2026
2027
Adj EPS
47.05
73.86
91.93
109.08
P/E Ratio
79.88
50.89
40.88
34.46
Revenue
44089
44536.1
50466.6
56327.8
EBITDA
6648.72
5678.7
6715.4
7725.9
Net Income
2235.56
3158.13
3934.3
4911.58
ROA
4.96
22.31
23.19
23.29
P/B Ratio
21.00
16.37
12.51
9.81
ROE
29.25
31.7
30.33
28.4
FCFF
644.25
2901.38
3666.88
4629.11
FCFF Yield
0.32
1.44
1.82
2.29
Net Debt
23707.2
2900.4
759.7
-1941
BVPS
178.99
229.66
300.34
383.02

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
14,755.52
11,034.88
33.72%
14,051.22
11,197.19
25.49%
12,210.05
10,314.47
18.38%
11,542.00
9,942.48
16.09%
Expenses
12,485.30
9,380.71
33.10%
11,928.86
9,571.71
24.63%
10,396.21
8,865.57
17.26%
9,622.30
8,478.02
13.50%
EBITDA
2,270.22
1,654.17
37.24%
2,122.36
1,625.48
30.57%
1,813.84
1,448.90
25.19%
1,919.70
1,464.46
31.09%
EBIDTM
15.39%
14.99%
15.10%
14.52%
14.86%
14.05%
16.63%
14.73%
Other Income
-10.30
65.11
-
-14.00
32.31
-
39.66
40.77
-2.72%
-68.16
-43.53
-
Interest
561.05
536.09
4.66%
552.39
506.50
9.06%
550.56
499.87
10.14%
550.80
510.82
7.83%
Depreciation
322.85
258.43
24.93%
320.42
253.98
26.16%
314.83
241.34
30.45%
291.80
263.38
10.79%
PBT
1,325.94
924.76
43.38%
1,235.55
897.31
37.69%
988.11
748.46
32.02%
1,008.94
646.73
56.01%
Tax
431.87
298.71
44.58%
390.53
297.40
31.31%
334.33
253.16
32.06%
306.18
235.48
30.02%
PAT
894.07
626.05
42.81%
845.02
599.91
40.86%
653.78
495.30
32.00%
702.76
411.25
70.88%
PATM
6.06%
5.67%
6.01%
5.36%
5.35%
4.80%
6.09%
4.14%
EPS
17.71
11.91
48.70%
16.74
11.80
41.86%
12.84
9.70
32.37%
13.64
8.15
67.36%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
52,558.79
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
11,377.06
Net Sales Growth
23.70%
13.69%
21.28%
31.28%
25.41%
3.03%
-6.50%
23.38%
31.11%
9.54%
 
Cost Of Goods Sold
32,326.58
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
8,026.57
Gross Profit
20,232.21
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
3,350.49
GP Margin
38.49%
39.39%
37.41%
34.80%
33.25%
33.45%
34.66%
30.78%
30.90%
28.29%
29.45%
Total Expenditure
44,432.67
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
10,560.95
Power & Fuel Cost
-
118.63
104.53
133.47
126.81
96.14
112.75
136.59
128.63
108.83
105.70
% Of Sales
-
0.27%
0.27%
0.42%
0.52%
0.50%
0.60%
0.68%
0.79%
0.87%
0.93%
Employee Cost
-
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
731.19
% Of Sales
-
8.12%
8.50%
9.04%
8.72%
8.70%
8.17%
7.10%
7.04%
6.64%
6.43%
Manufacturing Exp.
-
334.37
245.47
209.50
160.71
142.23
154.06
155.03
156.57
142.71
130.24
% Of Sales
-
0.76%
0.63%
0.66%
0.66%
0.73%
0.82%
0.77%
0.96%
1.15%
1.14%
General & Admin Exp.
-
106.77
63.59
58.54
59.77
46.65
31.59
29.46
73.14
55.04
42.07
% Of Sales
-
0.24%
0.16%
0.18%
0.25%
0.24%
0.17%
0.15%
0.45%
0.44%
0.37%
Selling & Distn. Exp.
-
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
1,089.28
% Of Sales
-
5.00%
4.48%
4.05%
4.42%
4.83%
6.33%
5.85%
7.94%
8.68%
9.57%
Miscellaneous Exp.
-
4,448.38
3,607.55
2,474.89
1,794.66
1,344.37
1,229.32
1,112.71
700.37
440.43
1,089.28
% Of Sales
-
10.09%
9.30%
7.74%
7.37%
6.92%
6.52%
5.52%
4.29%
3.53%
3.83%
EBITDA
8,126.12
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
816.11
EBITDA Margin
15.46%
14.90%
14.06%
12.72%
11.31%
11.52%
12.06%
10.72%
9.44%
6.97%
7.17%
Other Income
-52.80
147.83
132.75
138.00
32.87
47.22
51.83
25.44
99.61
165.44
91.35
Interest
2,214.80
2,093.25
1,916.60
1,367.89
940.22
881.49
854.54
663.40
338.22
59.62
70.02
Depreciation
1,249.90
1,045.56
956.15
858.86
742.86
564.82
556.00
441.71
373.60
316.82
262.19
PBT
4,558.54
3,579.47
2,711.09
1,978.63
1,104.42
838.74
914.34
1,081.15
930.24
657.76
575.25
Tax
1,462.91
1,155.45
914.04
626.57
335.91
214.13
218.62
357.45
266.03
148.67
151.45
Tax Rate
32.09%
32.28%
33.71%
31.70%
31.56%
25.82%
25.01%
33.06%
28.60%
22.60%
26.33%
PAT
3,095.63
2,205.65
1,661.41
1,328.67
756.82
602.01
633.21
702.97
651.78
511.04
424.31
PAT before Minority Interest
2,926.21
2,349.90
1,753.58
1,309.46
730.88
615.25
655.39
723.70
664.21
509.09
423.80
Minority Interest
-169.42
-144.25
-92.17
19.21
25.94
-13.24
-22.18
-20.73
-12.43
1.95
0.51
PAT Margin
5.89%
5.00%
4.28%
4.16%
3.11%
3.10%
3.36%
3.49%
3.99%
4.10%
3.73%
PAT Growth
45.16%
32.76%
25.04%
75.56%
25.72%
-4.93%
-9.92%
7.85%
27.54%
20.44%
 
EPS
65.16
46.42
34.97
27.97
15.93
12.67
13.33
14.80
13.72
10.76
8.93

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
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
1,818.48
Share Capital
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
47.51
Total Reserves
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
1,770.97
Non-Current Liabilities
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
703.52
Secured Loans
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
282.02
Unsecured Loans
4,035.73
3,702.96
3,391.00
2,490.35
1,679.27
902.58
938.62
744.32
204.65
226.70
Long Term Provisions
322.57
270.18
231.26
196.24
159.44
131.42
89.64
86.53
64.59
48.69
Current Liabilities
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
2,624.56
Trade Payables
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
1,626.52
Other Current Liabilities
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
548.96
Short Term Borrowings
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
390.58
Short Term Provisions
258.07
201.22
131.79
107.42
85.34
90.57
65.06
65.20
62.91
58.50
Total Liabilities
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
5,146.05
Net Block
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
2,038.14
Gross Block
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
3,968.05
Accumulated Depreciation
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
1,929.91
Non Current Assets
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
3,094.04
Capital Work in Progress
1,465.45
1,032.95
743.45
551.53
1,040.77
1,006.01
744.51
313.26
63.81
47.21
Non Current Investment
732.07
960.00
775.33
474.33
605.71
508.61
577.43
559.42
1,187.75
942.51
Long Term Loans & Adv.
11,581.07
12,296.18
10,503.43
6,905.97
5,580.83
4,317.71
3,771.39
3,006.27
90.20
53.38
Other Non Current Assets
33.71
126.22
132.66
114.68
17.57
27.85
42.39
31.16
22.43
12.80
Current Assets
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
2,052.01
Current Investments
515.31
163.19
191.92
130.23
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
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
882.60
Sundry Debtors
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
490.84
Cash & Bank
4,386.24
2,425.73
1,879.11
1,535.61
1,656.85
1,107.57
206.31
172.93
51.26
53.57
Other Current Assets
16,949.37
430.41
770.43
341.83
6,483.30
5,988.60
5,287.72
4,024.78
519.34
625.00
Short Term Loans & Adv.
16,163.58
14,412.86
11,004.89
8,060.30
6,321.85
5,463.36
4,702.83
3,435.65
63.47
204.69
Net Current Assets
2,810.71
441.80
-2,194.42
-1,018.67
-371.87
-286.24
146.88
-1,505.11
-774.35
-572.55
Total Assets
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
5,146.05

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
3,502.92
-1,252.67
-4,404.81
-1,575.19
1,151.29
373.43
-917.94
354.41
689.36
936.34
PBT
3,527.84
2,702.92
1,936.03
1,066.79
821.63
865.42
1,082.85
930.24
657.76
575.25
Adjustment
1,438.04
1,271.47
994.50
852.65
737.72
631.19
582.95
401.38
266.60
236.86
Changes in Working Capital
-316.31
-4,267.64
-6,727.47
-3,128.48
-157.33
-881.36
-2,267.02
-651.68
-97.99
283.89
Cash after chg. in Working capital
4,649.57
-293.25
-3,796.94
-1,209.04
1,402.02
615.25
-601.22
679.94
826.37
1,096.00
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,146.65
-959.42
-607.87
-366.15
-250.73
-241.82
-316.72
-325.53
-137.01
-159.66
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
-2,898.96
-1,481.36
-1,307.76
-1,470.91
-882.37
-1,090.15
-1,103.63
-1,095.17
-708.97
-604.95
Net Fixed Assets
-1,337.88
-1,040.82
-984.73
-981.23
-579.18
-759.65
-634.30
-685.28
-495.18
-584.96
Net Investments
-2,280.16
-1,307.39
-967.89
-1,401.46
-708.64
-305.21
-265.29
-447.48
-373.04
-202.40
Others
719.08
866.85
644.86
911.78
405.45
-25.29
-204.04
37.59
159.25
182.41
Cash from Financing Activity
1,155.24
3,238.64
6,118.08
2,918.02
263.50
1,619.17
2,209.77
896.54
-58.93
-319.00
Net Cash Inflow / Outflow
1,759.20
504.61
405.51
-128.08
532.42
902.45
188.20
155.78
-78.54
12.39
Opening Cash & Equivalents
2,355.80
1,851.19
1,445.68
1,573.76
1,041.34
138.89
-49.31
-205.09
-126.55
-138.94
Closing Cash & Equivalent
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

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
178.98
142.78
115.87
92.60
80.54
69.08
66.73
56.35
46.64
38.28
ROA
5.26%
4.57%
4.24%
3.00%
2.99%
3.64%
4.84%
6.88%
9.03%
8.72%
ROE
30.74%
28.54%
26.44%
17.77%
17.31%
20.32%
24.75%
27.15%
25.24%
27.79%
ROCE
16.42%
15.49%
14.11%
11.32%
11.26%
12.76%
15.81%
19.32%
22.29%
24.56%
Fixed Asset Turnover
3.44
3.48
3.04
2.67
2.62
2.91
3.53
3.38
3.21
3.42
Receivable days
14.72
14.57
13.89
16.53
23.34
29.05
23.69
19.37
16.04
13.30
Inventory Days
19.31
19.62
20.34
22.55
24.02
24.01
21.25
24.24
27.49
27.91
Payable days
96.97
88.24
85.44
100.60
105.69
72.71
61.05
58.35
57.09
55.97
Cash Conversion Cycle
-62.94
-54.05
-51.21
-61.51
-58.33
-19.64
-16.10
-14.74
-13.56
-14.76
Total Debt/Equity
3.25
3.73
3.93
3.48
3.12
3.46
2.93
2.59
0.59
0.60
Interest Cover
2.67
2.39
2.42
2.13
1.94
2.02
2.63
3.75
12.03
9.22

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • TVS Motor Company rolls out TVS King Kargo HD CNG
    5th Feb 2026, 14:30 PM

    The rollout will commence in Delhi NCR, Haryana, Rajasthan, Gujarat, Maharashtra, Karnataka and Uttar Pradesh in a phase wise manner

    Read More
  • TVS Motor Company reports 29% sales growth in January
    1st Feb 2026, 13:42 PM

    EV registered a growth of 50% with sales increasing from 25,195 units in January 2025 to 37,756 units in January 2026

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

    Read More
  • TVS Motor Company reports 49% jump in Q3 consolidated net profit
    28th Jan 2026, 16:00 PM

    Total consolidated income of the company increased by 32.84% at Rs 14,745.22 crore for Q3FY26

    Read More
  • TVS Motor’s sales surges 50% in December
    2nd Jan 2026, 12:30 PM

    The company has recorded monthly sales of 481,389 units in December 2025

    Read More
  • TVS Motor inks pact with Manba Finance
    30th Dec 2025, 14:57 PM

    This strategic partnership aims to enhance vehicle affordability and improve access to structured financing for customers across India

    Read More
  • TVS Motor Company reports 30% sales growth in November
    1st Dec 2025, 15:13 PM

    EV registered a growth of 46% with sales increasing from 26,292 units in November 2024 to 38,307 units in November 2025

    Read More
  • TVS Motor, BMW Motorrad roll out 2,00,000 units under long-term partnership
    28th Nov 2025, 11:41 AM

    This milestone highlights the success of the Indo-German collaboration, which has consistently set new benchmarks in the sub-500cc two-wheeler segment

    Read More
  • TVS Motor launches refreshed range of three-wheelers under popular TVS King brand
    22nd Nov 2025, 12:28 PM

    With these models, TVSM seeks to strengthen its position in Western Africa, advancing its focus on innovative, efficient public transit solutions

    Read More
  • TVS Motor Company launches TVS Apache RTR 180 in Kenya
    18th Nov 2025, 09:14 AM

    The TVS Apache RTR 180 represents the prefect blend of power, precision and performance, forged from 43 years of TVS racing heritage

    Read More
  • TVS Motor’s arm incorporates wholly owned subsidiary in USA
    7th Nov 2025, 17:24 PM

    Norton USA has become a step down wholly owned subsidiary of the company

    Read More
  • TVS Motor to sell stake in Rapido
    7th Nov 2025, 10:13 AM

    The completion of the transaction is subject to regulatory approvals obtained by buyers

    Read More
  • TVS Motor Company reports 11% sales growth in October
    3rd Nov 2025, 11:20 AM

    Total two-wheelers registered a growth of 10% with sales increasing from 478,159 units in October 2024 to 525,150 units in October 2025

    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.