Nifty
:
24252.00
Sensex
:
77540.83
20.15 (0.08%)
3.11 (0.00%)
Nifty
Sensex
:
:
24252.00
77540.83
20.15 (0.08%)
3.11 (0.00%)

TVS Motor Company Ltd.

Automobile Two & Three Wheelers

Rating :
84/99

BSE: 532343 | NSE: TVSMOTOR

NSE BSE
4390.00
21-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  4389.5
  •  4390
  •  4337.6
  •  4390.00
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  912628
  •  3981268198
  •  4475
  •  3228

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,07,494.30
  • 60.53
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,34,617.11
  • 0.27%
  • 19.51

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 50.27%
  • 0.65%
  • 6.45%
  • FII
  • DII
  • Others
  • 20.45%
  • 19.08%
  • 3.10%

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
  • 48.97
  • 56.20
  • 61.17

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 11.11
  • 13.43
  • 16.38

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.04
  • 20.90
  • 23.66

Earnings Forecasts:

(Updated: 22-08-2026)
Description
2026
2027
2028
2029
Adj EPS
89
-13
21.86
75.42
P/E Ratio
49.33
-337.69
200.82
58.21
Revenue
40.14
32.38
27.55
47187
EBITDA
54317.8
62355.2
70948.6
6076.7
Net Income
7040.7
8560.3
9972.2
3731.95
ROA
4354.63
5313.4
6444.6
20.1
P/B Ratio
2.04
17.17
4.94
17.38
ROE
11.77
9.08
7.1
34.08
FCFF
33.2
31.18
27.34
3100.42
FCFF Yield
2962.32
4460.78
4512.42
1.54
Net Debt
1.47
2.22
2.24
2582.8
BVPS
2148.6
255.75
888.3
252.61

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
16,295.52
12,210.05
33.46%
15,052.73
11,542.00
30.42%
14,755.52
11,034.88
33.72%
14,051.22
11,197.19
25.49%
Expenses
13,938.05
10,396.21
34.07%
12,865.82
9,622.30
33.71%
12,485.30
9,380.71
33.10%
11,928.86
9,571.71
24.63%
EBITDA
2,357.47
1,813.84
29.97%
2,186.91
1,919.70
13.92%
2,270.22
1,654.17
37.24%
2,122.36
1,625.48
30.57%
EBIDTM
14.47%
14.86%
14.53%
16.63%
15.39%
14.99%
15.10%
14.52%
Other Income
158.20
39.66
298.89%
6.65
-68.16
-
-10.30
65.11
-
-14.00
32.31
-
Interest
602.17
550.56
9.37%
565.82
550.80
2.73%
561.05
536.09
4.66%
552.39
506.50
9.06%
Depreciation
354.00
314.83
12.44%
314.54
291.80
7.79%
322.85
258.43
24.93%
320.42
253.98
26.16%
PBT
1,559.50
988.11
57.83%
1,313.20
1,008.94
30.16%
1,325.94
924.76
43.38%
1,235.55
897.31
37.69%
Tax
487.58
334.33
45.84%
478.58
306.18
56.31%
431.87
298.71
44.58%
390.53
297.40
31.31%
PAT
1,071.92
653.78
63.96%
834.62
702.76
18.76%
894.07
626.05
42.81%
845.02
599.91
40.86%
PATM
6.58%
5.35%
5.54%
6.09%
6.06%
5.67%
6.01%
5.36%
EPS
21.46
12.84
67.13%
16.24
13.64
19.06%
17.71
11.91
48.70%
16.74
11.80
41.86%

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
60,154.99
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
30.82%
27.17%
13.69%
21.28%
31.28%
25.41%
3.03%
-6.50%
23.38%
31.11%
 
Cost Of Goods Sold
37,843.61
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
22,311.38
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
37.09%
37.79%
39.39%
37.41%
34.80%
33.25%
33.45%
34.66%
30.78%
30.90%
28.29%
Total Expenditure
51,218.03
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
8,936.96
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
14.86%
14.81%
14.90%
14.06%
12.72%
11.31%
11.52%
12.06%
10.72%
9.44%
6.97%
Other Income
140.55
109.84
147.83
132.75
138.00
32.87
47.22
51.83
25.44
99.61
165.44
Interest
2,281.43
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
1,311.81
1,272.64
1,045.56
956.15
858.86
742.86
564.82
556.00
441.71
373.60
316.82
PBT
5,434.19
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
1,788.56
1,635.31
1,155.45
914.04
626.57
335.91
214.13
218.62
357.45
266.03
148.67
Tax Rate
32.91%
33.63%
32.28%
33.71%
31.70%
31.56%
25.82%
25.01%
33.06%
28.60%
22.60%
PAT
3,645.63
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
3,472.17
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
-173.46
-168.10
-144.25
-92.17
19.21
25.94
-13.24
-22.18
-20.73
-12.43
1.95
PAT Margin
6.06%
5.38%
5.00%
4.28%
4.16%
3.11%
3.06%
3.31%
3.50%
3.99%
4.10%
PAT Growth
41.17%
36.85%
32.76%
25.04%
75.56%
27.36%
-4.86%
-11.36%
8.02%
27.60%
 
EPS
76.73
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 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
  • TVS Motor Company acquires 4.39% stake in TVS Credit Services
    28th Jul 2026, 09:17 AM

    The transaction has been completed on July 27, 2026

    Read More
  • TVS Motor Company launches TVS Orbiter electric scooter in Nepal
    23rd Jul 2026, 15:45 PM

    TVS Orbiter will be available in 3 vibrant colours in Nepal - Neon Sunburst, Cosmic Titanium, and Martian Copper

    Read More
  • TVS Motor Company launches TVS Raider in Egypt
    22nd Jul 2026, 18:03 PM

    The TVS Raider, with its sporty design, advanced technology and rider-friendly features, redefines the premium commuter segment for young, urban riders

    Read More
  • TVS Motor Company - Quarterly Results
    22nd Jul 2026, 00:00 AM

    Read More
  • TVS Motor Company reports 67% jump in Q1 consolidated net profit
    21st Jul 2026, 16:29 PM

    Consolidated total income of the company increased by 34.32% to Rs 16,453.72 crore in Q1FY27

    Read More
  • TVS Motor Company planning to raise up to Rs 1000 crore via NCDs
    10th Jul 2026, 16:29 PM

    A meeting of the Board of Directors of the Company is being convened on July 21, 2026 to consider and approve the same

    Read More
  • TVS Motor Company partners with Indian Oil Corporation
    9th Jul 2026, 10:29 AM

    The partnership is to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions

    Read More
  • TVS Motor Company reports 47% sales growth in June
    2nd Jul 2026, 14:29 PM

    Its total two-wheelers registered a growth of 47% with sales increasing from 385,698 units in June 2025 to 565,417 units in June 2026

    Read More
  • TVS Motor launches ‘The All New Callisto 110’ scooter in Jakarta
    2nd Jul 2026, 12:30 PM

    This scooter is marketed at a price of 20,900,000 Indonesian Rupiah (On-The-Road Jakarta)

    Read More
  • TVS Motor Company launches TVS Apache RTR 160 4V in Nepal
    29th Jun 2026, 09:57 AM

    The TVS Apache RTR 160 4V TFT is now available across select dealerships in Nepal and will be made available across the channel network by July 2026

    Read More
  • TVS Motor introduces new colours, graphics for TVS NTORQ 125 Disc, Race Edition variants
    27th Jun 2026, 16:44 PM

    The new TVS NTORQ range now adds striking style enhancements that further elevate its sporty and youthful appeal

    Read More
  • TVS Motor Company unveils premium retail channel ‘TVS Paddock’
    8th Jun 2026, 09:41 AM

    TVS Paddock is scheduled to be launched in Q2FY27

    Read More
  • TVS Motor Company’s TVS HLX series crosses 5 million in global sales
    5th Jun 2026, 16:30 PM

    Launched first in 2013 in Africa, the TVS HLX series has been instrumental in transforming millions of lives

    Read More
  • TVS Motor Company reports 31% sales growth in May
    1st Jun 2026, 13:02 PM

    The company's total International Business sales registered a growth of 49% increasing from 1,18,437 units in May 2025

    Read More
  • TVS Motor gets nod to acquire 4.90% stake in Jana Small Finance Bank
    18th May 2026, 14:42 PM

    The cost of acquisition of 4.90% stake is around Rs 193.31 crore

    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.