TVS Motor Company Ltd
TVSMOTORTVS Motor Company Ltd
TVSMOTORPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
57.12 | 14.35 | 0.35% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
35.96 | 6.41 | 0.78% |
Forecast & Ratings
Detailed Forecast from 35 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
TVS Motor Company Limited is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories.
Peers
Compare with peersÂBajaj Auto Limited
Hero MotoCorp Ltd
Ola Electric Mobility Ltd
Maharashtra Scooters Ltd
Wardwizard Innovations & Mobility Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 11,473.25 | 12,628.26 | 16,440.43 | 20,187.13 | 18,901.14 | 19,468.04 | 24,390.67 | 32,111.99 | 39,250.56 | 41,906.38 | ||||||||||
Raw Materials | 7,963.80 | 8,985.23 | 11,257.60 | 14,033.27 | 12,310.04 | 12,925.65 | 16,517.69 | 20,987.19 | 24,729.60 | 35,843.73 | ||||||||||
Power & Fuel Cost | 105.70 | 108.83 | 128.63 | 136.59 | 112.75 | 96.14 | 126.81 | 133.47 | 129.98 | |||||||||||
Employee Cost | 731.19 | 828.05 | 1,149.79 | 1,432.15 | 1,539.35 | 1,689.37 | 2,124.62 | 2,890.25 | 3,385.19 | |||||||||||
Selling & Administrative Expenses | 1,138.80 | 1,137.29 | 1,370.71 | 1,208.18 | 1,223.87 | 986.91 | 1,138.30 | 1,353.75 | 1,828.28 | |||||||||||
Operating & Other expenses | 621.46 | 534.46 | 891.07 | 1,188.98 | 1,439.17 | 1,502.03 | 1,733.38 | 2,584.55 | 3,571.75 | |||||||||||
EBITDA | 912.30 | 1,034.40 | 1,642.63 | 2,187.96 | 2,275.96 | 2,267.94 | 2,749.87 | 4,162.78 | 5,605.76 | 6,062.65 | ||||||||||
Depreciation/Amortization | 262.19 | 316.82 | 373.60 | 441.71 | 556.00 | 564.82 | 742.86 | 858.86 | 975.12 | 1,016.92 | ||||||||||
PBIT | 650.11 | 717.58 | 1,269.03 | 1,746.25 | 1,719.96 | 1,703.12 | 2,007.01 | 3,303.92 | 4,630.64 | 5,045.73 | ||||||||||
Interest & Other Items | 70.02 | 59.62 | 338.22 | 663.40 | 854.54 | 881.49 | 940.22 | 1,367.89 | 1,927.72 | 2,019.06 | ||||||||||
PBT | 580.09 | 657.96 | 930.81 | 1,082.85 | 865.42 | 821.63 | 1,066.79 | 1,936.03 | 2,702.92 | 3,026.67 | ||||||||||
Taxes & Other Items | 150.94 | 146.72 | 278.46 | 378.18 | 240.80 | 227.37 | 309.97 | 607.36 | 1,016.55 | 1,139.57 | ||||||||||
Net Income | 429.15 | 511.24 | 652.35 | 704.67 | 624.62 | 594.26 | 756.82 | 1,328.67 | 1,686.37 | 1,887.10 | ||||||||||
EPS | 9.03 | 10.76 | 13.73 | 14.83 | 13.15 | 12.51 | 15.93 | 27.97 | 35.50 | 39.72 | ||||||||||
DPS | 2.50 | 2.50 | 3.30 | 3.50 | 3.50 | 3.50 | 3.75 | 5.00 | 8.00 | 8.00 | ||||||||||
Payout ratio | 0.28 | 0.23 | 0.24 | 0.24 | 0.27 | 0.28 | 0.24 | 0.18 | 0.23 | 0.20 |
Company Updates
Annual report
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PDFPeers & Comparison
Consumer DiscretionaryTwo Wheelers
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
TVS Motor Company Ltd | 63.92 | 14.35 | 0.35% |
Bajaj Auto Limited | 30.44 | 8.10 | 0.95% |
Hero MotoCorp Ltd | 21.64 | 4.54 | 3.45% |
Ola Electric Mobility Ltd | -18.80 | 14.75 | — |
Price Comparison
Compare TVSMOTOR with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 1.12%
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding TVS Motor Company Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
ICICI Prudential Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.4424% | Percentage of the fund’s portfolio invested in the stock 4.36% | Change in the portfolio weight of the stock over the last 3 months -0.58% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/238 (0) |
ICICI PRUDENTIAL FLEXICAP FUND DIRECT PLAN GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4572% | Percentage of the fund’s portfolio invested in the stock 9.32% | Change in the portfolio weight of the stock over the last 3 months -0.40% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 1/79 (0) |
ICICI Prudential Equity & Debt Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9351% | Percentage of the fund’s portfolio invested in the stock 2.53% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 11/211 (-1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
TVSMOTOR has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.35%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.53 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMar 19, 2024
Dividend/Share
₹8.00
Ex DateEx Date
Mar 19, 2024
Cash Dividend
Ex DateEx DateFeb 2, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Feb 2, 2023
Cash Dividend
Ex DateEx DateMar 25, 2022
Dividend/Share
₹3.75
Ex DateEx Date
Mar 25, 2022
Cash Dividend
Ex DateEx DateMar 30, 2021
Dividend/Share
₹1.40
Ex DateEx Date
Mar 30, 2021
Cash Dividend
Ex DateEx DateFeb 4, 2021
Dividend/Share
₹2.10
Ex DateEx Date
Feb 4, 2021
Sunteck Realty Ltd, Supreme Industries Ltd, Tanla Platforms Ltd, Oberoi Realty Ltd are among the other stocks to see a surge in volumes on BSE today, 21 January 2025.TVS Motor Company Ltd saw volume of 1.6 lakh shares by 10:46 IST on BSE, a 14.16 fold spurt over two-week average daily volume of 11313 shares. The stock increased 0.37% to Rs.2,300.00. Volumes stood at 20032 shares in the last session.Sunteck Realty Ltd notched up volume of 1.07 lakh shares by 10:46 IST on BSE, a 7.14 fold spurt over two-week average daily volume of 14908 shares. The stock rose 6.57% to Rs.523.30. Volumes stood at 15842 shares in the last session.Supreme Industries Ltd notched up volume of 14988 shares by 10:46 IST on BSE, a 4.52 fold spurt over two-week average daily volume of 3313 shares. The stock rose 0.66% to Rs.4,050.75. Volumes stood at 10540 shares in the last session.Tanla Platforms Ltd registered volume of 2.22 lakh shares by 10:46 IST on BSE, a 4.33 fold spurt over two-week average daily volume of 51354 shares. The stock rose 2.04% to Rs.673.80. Volumes stood at 57010 shares in the last session.Oberoi Realty Ltd registered volume of 54338 shares by 10:46 IST on BSE, a 3.54 fold spurt over two-week average daily volume of 15360 shares. The stock slipped 6.22% to Rs.1,876.95. Volumes stood at 5502 shares in the last session.Powered by Capital Market - Live
TVS Motor Company Ltd gained for a third straight session today. The stock is quoting at Rs 2276.95, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. TVS Motor Company Ltd has slipped around 7.18% in last one month. Meanwhile, Nifty Auto index of which TVS Motor Company Ltd is a constituent, has slipped around 2.37% in last one month and is currently quoting at 22712.75, up 0.66% on the day. The volume in the stock stood at 4.33 lakh shares today, compared to the daily average of 7.73 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2285.2, up 1.13% on the day. TVS Motor Company Ltd is up 12.9% in last one year as compared to a 8.08% spurt in NIFTY and a 23.93% spurt in the Nifty Auto index.The PE of the stock is 46.11 based on TTM earnings ending September 24.Powered by Capital Market - Live
TVS Motor Company Ltd fell for a fifth straight session today. The stock is quoting at Rs 2319.05, down 1.81% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.TVS Motor Company Ltd has eased around 7.98% in last one month.Meanwhile, Nifty Auto index of which TVS Motor Company Ltd is a constituent, has eased around 1.56% in last one month and is currently quoting at 23370.15, up 0.11% on the day. The volume in the stock stood at 6.43 lakh shares today, compared to the daily average of 6.58 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2330.45, down 1.79% on the day. TVS Motor Company Ltd jumped 14.79% in last one year as compared to a 8.9% rally in NIFTY and a 26.07% spurt in the Nifty Auto index.The PE of the stock is 48.35 based on TTM earnings ending September 24.Powered by Capital Market - Live
TVS Motor Company will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live
TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7% as against 301,898 units in the month of December 2023. Two-Wheeler: Total two-wheelers registered a growth of 8% with sales increasing from 290,064 units in December 2023 to 312,002 units in December 2024. Domestic two-wheeler registered 215,075 units in December 2024 as against 214,988 units in December 2023. Motorcycle registered sales of 144,811 units in December 2024 as against 148,049 units in December 2023. Scooter registered a growth of 30% with sales increasing from 103,167 units in December 2023 to 133,919 units in December 2024. Electric Vehicle: The Company sold 20,171 units in December 2024 as against 11,288 units in December 2023, registering a growth of 79%. International Business: The Company's total exports grew by 22% increasing from 85,391 units registered in December 2023 to 104,393 units in December 2024. Two-wheeler exports registered a growth of 29% with sales increasing from 75,076 units registered in December 2023 to 96,927 units in December 2024. Three-Wheeler: Three-wheeler of the Company registered sales of 9,685 units in December 2024 as against 11,834 units in December 2023. Third Quarter Sales Performance: During the third quarter of the current financial year, two-wheelers posted a robust growth of 11% with sales of 11.8 lakh units as against sales of 10.6 lakh units in the third quarter of FY 23-24. Three-wheeler of the Company registered sales of 0.29 lakh units in the third quarter of the current year as against 0.38 lakh units in the third quarter of FY 23-24. Two-wheeler sales include EV sales of 0.76 lakh units in the third quarter of FY 24-25 as against 0.48 lakh units in the third quarter of FY 23-24 with a growth of 57%. Powered by Capital Market - Live
The headline equity benchmarks traded with robust gains in mid-afternoon trade. The Nifty climbed above the 24,150 mark. Consumer durables shares witnessed buying demand for the fourth consecutive trading session. Trading was volatile due to the weekly F&O series expiry today. At 13:27 IST, the barometer index, the S&P BSE Sensex, surged 1,312.15 points or 1.67% to 79,825.61. The Nifty 50 index jumped 413.90 points or 1.74% to 24,156.80. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index added 0.52%. The market breadth was positive. On the BSE, 2,325 shares rose and 1,609 shares fell. A total of 120 shares were unchanged. Economy: In December 2024, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell to 56.4, marking a 12-month low and indicating a slower improvement in operating conditions. The headline figure declined slightly from 56.5 in November but remained above the long-run average of 54.1, signaling a robust rate of growth. Looking to 2025, Indian manufacturers were confident of a rise in output. Optimism reflected advertising, investment and expectation of favourable demand. Sentiment was nevertheless curbed by concerns around inflation and competitive pressures. Ines Lam, Economist at HSBC, said, 'India's manufacturing activity ended a strong 2024 with a soft note amidst more signs of a slowing trend, albeit moderate, in the industrial sector. The rate of expansion in new orders was the slowest in the year, suggesting weaker growth in future production. That said, there was some uplift in the growth of new export orders, which rose at the fastest pace since July. The rise in input prices eased slightly, wrapping up the year when Indian manufacturers felt the strain of sharp cost pressures.' Buzzing Index: The Nifty Consumer Durables index gained 1.24% to 42,651.05. The index rallied 2.68% in four consecutive trading sessions. Titan Company (up 3.46%), Bata India (up 2.26%), Century Plyboards (India) (up 2.17%), Whirlpool of India (up 1.51%), Dixon Technologies (India) (up 1.32%), Havells India (up 0.8%), Voltas (up 0.6%), Cera Sanitaryware (up 0.49%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.17% to 6.902 as compared with the previous close of 6.890. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.7400, compared with its close of 85.6450 during the previous trading session. MCX Gold futures for the 5 February 2025 settlement added 0.31% to Rs 77,128. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.29% to 108.44. The United States 10-year bond yield declined 0.63% to 4.550. In the commodities market, Brent crude for March 2025 settlement added 11 cents, or 0.15% to $74.75 a barrel. Stocks in Spotlight: TVS Motor Company rallied 3.32% after the company's total sales jumped 7% to 321,687 units in December 2024 as against 301,898 units in December 2023. UGRO Capital added 1.02% after the company informed that its board has approved the issuance of non-convertible debentures (NCDs) aggregating upto Rs 100 crore with an option to retain oversubscription upto Rs 50 crore (green shoe option). Powered by Capital Market - Live
Total two-wheelers registered a growth of 8%, with sales increasing from 290,064 units in December 2023 to 312,002 units in December 2024. Domestic two-wheeler registered 215,075 units in December 2024, up marginally 0.04% as against 214,988 units in December 2023. Motorcycle sales were at 144,811 units in December 2024, registering de-growth of 2.19% as compared with Rs 148,049 units in December 2023. Scooter registered a growth of 30%, with sales increasing from 103,167 units in December 2023 to 133,919 units in December 2024. Electric vehicle (EV) sales surged by 79% YoY, with the number of units sold increasing to 20,171 in December 2024 from 11,288 in December 2023. The company's total exports registered a growth of 22%, with sales increasing from 85,391 units in December 2023 to 104,393 units in December 2024. Two-wheeler exports registered a growth of 29% with sales increasing from 75,076 units registered in December 2023 to 96,927 units in December 2024. Three-wheeler sales declined 18.16% to 9,685 units in December 2024 from 11,834 units recorded in December 2023. In Q3 FY25, the two-wheelers posted a robust growth of 11% with sales of 11.8 lakh units as against sales of 10.6 lakh units in Q3 FY24. Two-wheeler sales include EV sales of 0.76 lakh units in the third quarter of FY25 as against 0.48 lakh units in the third quarter of FY24 with a growth of 57% and Three-wheeler registered sales of 0.29 lakh units in the Q3 FY25 as against 0.38 lakh units in Q3 FY24. TVS Motor Company is a reputed two- and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru, and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement, have a leading position in the e-bike market in Switzerland. TVS Motor Company reported a 23.49% increase in standalone net profit to Rs 662.62 crore in Q2 FY25 as compared to Rs 536.55 crore posted in Q2 FY24. Revenue from operations rose 13.30% YoY to Rs 9,228.24 crore in the September 2024 quarter.Powered by Capital Market - Live
TVS Motor Company Ltd is up for a third straight session in a row. The stock is quoting at Rs 2488.85, up 3.42% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.29% on the day, quoting at 24048.55078125. The Sensex is at 79487.22, up 1.25%. TVS Motor Company Ltd has dropped around 2.63% in last one month. Meanwhile, Nifty Auto index of which TVS Motor Company Ltd is a constituent, has dropped around 0.15% in last one month and is currently quoting at 23139.55, up 2.8% on the day. The volume in the stock stood at 6.26 lakh shares today, compared to the daily average of 6.31 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2507.05, up 3.67% on the day. TVS Motor Company Ltd is up 24.57% in last one year as compared to a 11.76% gain in NIFTY and a 29.86% gain in the Nifty Auto index.The PE of the stock is 49.33 based on TTM earnings ending September 24.Powered by Capital Market - Live
TVS Digital, a step down wholly-owned subsidiary of TVS Motors Company, informed that it has entered into an agreement dated 25 December 2024 (agreement) for redemption of 5,31,416 Series A Preferred Stock of Scienaptic Systems, Inc., a Delaware corporation (Scienaptic), an associate company (as per the latest audited financials of Financial Year 2023-24), for an aggregate consideration of USD 1.7 Million in Scienaptic (transaction). The transaction is expected to be completed on or before 31 December 2024. Pursuant to such redemption, Scienaptic will cease to be an associate company of the Company and that of its step-down subsidiary as well. The remaining shareholding held by TVS Digital may be redeemed in one or more tranches, as per the terms of the Agreement. Powered by Capital Market - Live
TVS Motor Company launched a new 2.2 kWh battery variant of the TVS iQube electric scooter in Sri Lanka. TVS iQube now offers three variants in six vibrant colours, matching varying customer requirements. As a pioneer in sustainable mobility, TVSM remains steadfast in its dedication to the EV segment, delivering innovative, reliable, and exciting products. This commitment is further enhanced by a robust after-sales network, developed in partnership with TVS Lanka. The new 2.2 kWh battery variant of the TVS iQube is designed to make premium electric mobility more accessible and reduce the total cost of ownership for customers. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 14.22%, vs industry avg of 7.38%
Increasing Market Share
Over the last 5 years, market share increased from 23.1% to 30.11%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 19.07%, vs industry avg of 7.85%