Nifty
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:
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-150.50 (-0.62%)
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Nifty
Sensex
:
:
24176.15
77328.19
-150.50 (-0.62%)
-516.33 (-0.66%)

TVS Motor Company Ltd.

Automobile Two & Three Wheelers

Rating :
81/99

BSE: 532343 | NSE: TVSMOTOR

NSE BSE
3695.20
08-May-2026
  • Open
  • High
  • Low
  • Previous Close
  •  3654.5
  •  3718.7
  •  3633.1
  •  3706.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  365671
  •  1350442527.4
  •  3970
  •  2640

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,75,423.54
  • 60.60
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,01,232.56
  • 0.27%
  • 19.47

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 50.27%
  • 0.61%
  • 6.65%
  • FII
  • DII
  • Others
  • 22.56%
  • 16.89%
  • 3.02%

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
  • 17.79
  • 29.99
  • 18.41

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 47.38
  • 54.28
  • 61.15

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 10.82
  • 12.81
  • 15.71

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 18.88
  • 20.48
  • 23.15

Earnings Forecasts:

(Updated: 02-05-2026)
Description
2024
2025
2026
2027
Adj EPS
47.05
75.42
91.04
111.42
P/E Ratio
78.54
48.99
40.59
33.16
Revenue
44089
47187
54230.8
62221.5
EBITDA
6648.72
6076.7
7048.7
8558.15
Net Income
2235.56
3731.95
4393.85
5485.8
ROA
4.96
20.1
19.84
20.9
P/B Ratio
20.64
14.63
11.31
8.82
ROE
29.25
34.08
32.06
31.03
FCFF
644.25
3100.42
3779.06
4833.91
FCFF Yield
0.34
1.63
1.98
2.53
Net Debt
23707.2
2582.8
1235.45
-1072.8
BVPS
178.99
252.61
326.6
418.97

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
594.26
624.62
704.67
652.35
511.24
429.15
PAT before Minority Interest
2,926.21
2,349.90
1,753.58
1,309.46
730.88
607.50
646.80
725.40
664.78
509.29
428.64
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%
3.06%
3.31%
3.50%
3.99%
4.10%
3.77%
PAT Growth
45.16%
32.76%
25.04%
75.56%
27.36%
-4.86%
-11.36%
8.02%
27.60%
19.13%
 
EPS
65.16
46.42
34.97
27.97
15.93
12.51
13.15
14.83
13.73
10.76
9.03

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
304.08
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
204.64
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
468.01
370.91
439.73
421.02
1,155.19
914.39
Long Term Loans & Adv.
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
53.38
Other Non Current Assets
33.71
126.22
132.66
114.68
17.39
27.03
42.39
31.16
12.49
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
5,815.28
5,117.11
3,884.13
460.11
548.45
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 iQube S 4.7 kWh
    6th May 2026, 15:12 PM

    The TVS iQube S 4.7 kWh, priced at Rs 1,37,142 offers an IDC certified range of 175 km

    Read More
  • TVS Motor Company enters into Zambian market
    21st Apr 2026, 09:59 AM

    TVSM is introducing a diverse lineup of eight products, meticulously curated to meet the specific needs of Zambian commuters and businesses

    Read More
  • TVS Motor Company enters into JDA with Hyundai Motor Company
    21st Apr 2026, 09:41 AM

    The JDA is being entered into for the development, manufacturing, and commercialisation of electric micromobility 3-wheelers (including its versions or variants)

    Read More
  • TVS Motor Company raises stake in DriveX to 92.41%
    17th Apr 2026, 12:43 PM

    The proceeds of the issue will be primarily utilized towards repayment of the debt obligations and for operational expenses of DriveX

    Read More
  • TVS Motor Company launches TVS Armado 200 in Indonesia
    8th Apr 2026, 11:19 AM

    Available in three colors - Blue, Red, and White - the TVS Armado 200 is offered at normal price 35,900,000 IDR

    Read More
  • TVS Motor Company reports 25% sales growth in March 2026
    2nd Apr 2026, 09:56 AM

    During the Q4 of 2025-26, the company registered a growth of 28% with total sales increasing from 12.16 lakh units in FY 2024-25 to 15.60 lakh units

    Read More
  • TVS Motor launches TVS Apache RTR 310 in Morocco
    30th Mar 2026, 09:30 AM

    The TVS Apache RTR 310 is launched in 4 standard SKUs

    Read More
  • TVS Motor Company launches TVS Orbiter V1
    12th Mar 2026, 16:27 PM

    The company also introduced BaaS across its EV portfolio, offering customers a new and flexible ownership model

    Read More
  • TVS Motor reports 31% sales growth in February
    2nd Mar 2026, 09:50 AM

    The company's total exports registered a growth of 27% with sales increasing from 124,993 units in February 2025 to 1,58,268 units in February 2026

    Read More
  • TVS Motor launches seven high-performance models in South African market
    26th Feb 2026, 14:47 PM

    TVSM has entered a strategic partnership with The Nexus Collective, a specialized distributorship backed by the Bidvest Group

    Read More
  • TVS Motor delivers two iQube to Governorate of Vatican City State
    11th Feb 2026, 16:45 PM

    The official delivery, which took place on February 5, 2026, is part of a consolidated collaboration between the Vatican and Exelentia

    Read More
  • TVS Motor launches Ronin Top, Ntorq Race Edition in Egypt
    9th Feb 2026, 09:50 AM

    This introduction marks a significant step in TVS Motor Company’s long-term strategic focus to deepen its presence in Egypt

    Read More
  • TVS Motor Company rolls out CNG powered three-wheeler cargo vehicle
    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

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.