Nifty
:
25709.85
Sensex
:
83952.19
124.55 (0.49%)
484.53 (0.58%)
Nifty
Sensex
:
:
25709.85
83952.19
124.55 (0.49%)
484.53 (0.58%)

TVS Motor Company Ltd.

Automobile Two & Three Wheelers

Rating :
84/99

BSE: 532343 | NSE: TVSMOTOR

NSE BSE
3654.00
17-Oct-2025
  • Open
  • High
  • Low
  • Previous Close
  •  3576.5
  •  3658
  •  3575.5
  •  3576.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1173044
  •  4269249437.5
  •  3658
  •  2171.4

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,73,520.82
  • 72.76
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,96,750.34
  • 0.27%
  • 18.95

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 50.27%
  • 0.62%
  • 6.80%
  • FII
  • DII
  • Others
  • 22.42%
  • 17.22%
  • 2.67%

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
  • 47.33
  • 53.70
  • 59.08

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 10.46
  • 11.44
  • 13.85

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.38
  • 19.67
  • 21.65

Earnings Forecasts:

(Updated: 18-10-2025)
Description
2024
2025
2026
2027
Adj EPS
47.05
70.11
83.38
95.73
P/E Ratio
77.66
52.12
43.82
38.17
Revenue
44089
41316.5
46095.6
51430.7
EBITDA
6648.72
5221.1
5992
6898.2
Net Income
2235.56
3204
3731.4
4371.4
ROA
4.96
20.7
21.5
21.93
P/B Ratio
20.41
16.26
12.70
10.12
ROE
29.25
30.04
28.83
26.68
FCFF
644.25
2632.79
3633.53
4264.49
FCFF Yield
0.34
1.39
1.92
2.26
Net Debt
23707.2
3372.4
1972.6
-825.4
BVPS
178.99
224.78
287.61
361.22

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Net Sales
12,210.05
10,314.47
18.38%
11,542.00
9,942.48
16.09%
11,134.63
10,113.94
10.09%
11,301.68
9,932.82
13.78%
Expenses
10,396.21
8,865.57
17.26%
9,622.30
8,478.02
13.50%
9,469.68
8,625.97
9.78%
9,659.31
8,576.94
12.62%
EBITDA
1,813.84
1,448.90
25.19%
1,919.70
1,464.46
31.09%
1,664.95
1,487.97
11.89%
1,642.37
1,355.88
21.13%
EBIDTM
14.86%
14.05%
16.63%
14.73%
14.95%
14.71%
14.53%
13.65%
Other Income
39.66
40.77
-2.72%
-68.16
-43.53
-
65.11
11.88
448.06%
32.31
50.93
-36.56%
Interest
550.56
499.87
10.14%
550.80
510.82
7.83%
539.02
494.44
9.02%
509.04
483.27
5.33%
Depreciation
314.83
241.34
30.45%
291.80
263.38
10.79%
263.92
242.42
8.87%
259.29
237.13
9.35%
PBT
988.11
748.46
32.02%
1,008.94
646.73
56.01%
927.12
762.99
21.51%
906.35
686.41
32.04%
Tax
334.33
253.16
32.06%
306.18
235.48
30.02%
296.57
240.62
23.25%
299.39
259.84
15.22%
PAT
653.78
495.30
32.00%
702.76
411.25
70.88%
630.55
522.37
20.71%
606.96
426.57
42.29%
PATM
5.35%
4.80%
6.09%
4.14%
5.66%
5.16%
5.37%
4.29%
EPS
12.84
9.70
32.37%
13.64
8.15
67.36%
11.91
10.08
18.15%
11.80
8.13
45.14%

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
46,188.36
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
14.60%
13.69%
21.28%
31.28%
25.41%
3.03%
-6.50%
23.38%
31.11%
9.54%
 
Cost Of Goods Sold
28,057.80
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
18,130.56
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
39.25%
39.39%
37.41%
34.80%
33.25%
33.45%
34.66%
30.78%
30.90%
28.29%
29.45%
Total Expenditure
39,147.50
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
7,040.86
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
15.24%
14.90%
14.06%
12.72%
11.31%
11.52%
12.06%
10.72%
9.44%
6.97%
7.17%
Other Income
68.92
147.83
132.75
138.00
32.87
47.22
51.83
25.44
99.61
165.44
91.35
Interest
2,149.42
2,093.25
1,916.60
1,367.89
940.22
881.49
854.54
663.40
338.22
59.62
70.02
Depreciation
1,129.84
1,045.56
956.15
858.86
742.86
564.82
556.00
441.71
373.60
316.82
262.19
PBT
3,830.52
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
1,236.47
1,155.45
914.04
626.57
335.91
214.13
218.62
357.45
266.03
148.67
151.45
Tax Rate
32.28%
32.28%
33.71%
31.70%
31.56%
25.82%
25.01%
33.06%
28.60%
22.60%
26.33%
PAT
2,594.05
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
2,440.92
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
-153.13
-144.25
-92.17
19.21
25.94
-13.24
-22.18
-20.73
-12.43
1.95
0.51
PAT Margin
5.62%
5.00%
4.28%
4.16%
3.11%
3.10%
3.36%
3.49%
3.99%
4.10%
3.73%
PAT Growth
39.80%
32.76%
25.04%
75.56%
25.72%
-4.93%
-9.92%
7.85%
27.54%
20.44%
 
EPS
54.60
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 launches TVS Apache RTX
    16th Oct 2025, 12:23 PM

    The TVS Apache RTX is powered by 299.1 cc single-cylinder, liquid-cooled, 4-stroke DOHC engine that produces 36 PS of power at 9,000 rpm and 28.5 Nm of torque at 7,000 rpm

    Read More
  • TVS Motor Company launches most advanced TVS Raider
    6th Oct 2025, 18:39 PM

    The bike is priced at Rs 95,600 (Ex-showroom Delhi) for TFT DD and Rs 93,800 (Ex-showroom Delhi) for SXC DD

    Read More
  • TVS Motor Company’s arm acquires Engines Engineering S.p.A
    4th Oct 2025, 10:59 AM

    Engines Engineering S.p.A has become a wholly owned subsidiary of TVS Motor (Singapore) Pte and the company

    Read More
  • TVS Motor Company reports 12% sales growth in September
    3rd Oct 2025, 09:52 AM

    The company has registered the highest ever quarterly sales of 15.07 Lakh units during the second quarter of the financial year 2025-26

    Read More
  • TVS Motor Company unveils Apache RTR 160 2V Fi, Raider iGo in Nepal
    22nd Sep 2025, 09:06 AM

    Both these products bring cutting-edge technology, innovative design, and improved riding experience to customers, further expanding the company's diverse product line in Nepal

    Read More
  • TVS Motor Company launches TVS King Deluxe Plus CNG 3 Wheeler in Tanzania
    18th Sep 2025, 10:39 AM

    This new CNG 3 Wheeler is designed to address the dynamic requirements of urban and semi-urban mobility

    Read More
  • TVS Motor, Noise introduce EV-Smartwatch integration
    17th Sep 2025, 15:00 PM

    TVS iQube has surpassed the 6,50,000 unit sales milestone in the domestic market, reaffirming its position as India’s No.1 EV scooter brand

    Read More
  • TVS Motor Company inks pact with ALT Mobility to deploy up to 3,000 electric three-wheelers in FY26
    15th Sep 2025, 14:42 PM

    The collaboration will serve both last-mile logistics and shared passenger mobility segments, thereby strengthening clean mobility adoption across multiple use cases

    Read More
  • TVS Motor Company to pass on full benefit of GST rate reduction to customers
    8th Sep 2025, 17:38 PM

    The benefits will be available to customers starting September 22, 2025

    Read More
  • TVS Motor launches TVS Apache limited-edition variants on 20th anniversary
    6th Sep 2025, 18:20 PM

    The limited-edition line-up features a unique black-champagne-gold livery, dual tone alloy wheels and USB charger and much more

    Read More
  • TVS Motor Company launches ‘TVS NTORQ 150’
    4th Sep 2025, 16:15 PM

    The scooter ensures rider confidence with ABS and traction control (first-in-segment), crash and theft alerts, hazard lamps, emergency brake warning, and follow me headlamps

    Read More
  • TVS Motor Company reports 30% sales growth in August
    1st Sep 2025, 15:06 PM

    Total two-wheelers registered a growth of 30% with sales increasing from 378,841 units in August 2024 to 490,788 units August 2025

    Read More
  • TVS Motor Company launches TVS Orbiter
    28th Aug 2025, 15:27 PM

    The TVS Orbiter comes with a price of Rs 99,900 (ex-showroom, inclusive of PM e-Drive scheme, Bengaluru

    Read More
  • TVS Motor Company’s arm incorporates wholly owned subsidiary in India
    22nd Aug 2025, 15:57 PM

    Norton UK has incorporated Norton India for undertaking business in India

    Read More
  • TVS Motor Company launches TVS King Kargo HD EV
    21st Aug 2025, 16:11 PM

    The company also showcased the TVS King Kargo HD CNG variant, which will be launched before the end of the calendar year 2025

    Read More
  • TVS Motor Company launches ‘TVS Indus’ Design Honours
    4th Aug 2025, 14:59 PM

    The term ‘Indus’ draws from the Indus Valley Civilization, one of the world’s earliest and most advanced societies

    Read More
  • TVS Motor Company reports 29% sales growth in July
    1st Aug 2025, 16:45 PM

    Domestic two-wheeler registered growth of 21% with sales increasing from 254,250 units in July 2024 to 308,720 units in July 2025

    Read More
  • TVS Motor Company reports 32% rise in Q1 consolidated net profit
    31st Jul 2025, 14:28 PM

    Total consolidated income of the company increased by 18.29% at Rs 12249.71 crore for Q1FY26

    Read More
  • TVS Motor - Quarterly Results
    31st Jul 2025, 13:35 PM

    Read More
  • TVS Motor Company launches ‘The 2025 TVS Apache RTR 310’
    17th Jul 2025, 10:22 AM

    The OBD2B-compliant 2025 TVS Apache RTR 310 redefines smart performance -offers real-time emission monitoring, sharper responsiveness, and enhanced engine health

    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.