TVS Motor Company Ltd.

NSE: TVSMOTOR · Automobile and Auto Components

₹4,491.70+0.94%06 Nov 2026

Ask the data

Instant answers about TVS Motor Company Ltd. — computed from its filings, no language model

Market cap₹2,13,401 cr

Current price₹4,491.70

High / Low₹4,492 / ₹3,283

P/E55.8

P/B18.81

Book value₹238.9

ROE33.7%

ROCE17.0%

Debt / equity3.34

Dividend yield0.27%

EPS (TTM)₹80.55

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	18,849	19,421	24,355	31,974	39,145	44,089	56,070
EBITDA	2,273	2,238	2,755	4,067	5,543	6,649	8,393
Operating margin	12.1%	11.5%	11.3%	12.7%	14.2%	15.1%	15.0%
Interest	855	881	940	1,368	1,928	2,093	2,230
Depreciation	556	565	743	859	975	1,046	1,273
Profit before tax	874	829	1,064	1,977	2,746	3,579	4,863
Tax	219	214	336	627	924	1,155	1,635
Net profit	625	594	757	1,329	1,686	2,236	3,018
EPS ₹	13.15	12.51	15.93	27.97	35.50	47.05	63.53
Operating cash flow	—	—	-1,560	-4,405	-1,253	3,503	1,867
Capex	—	—	985	1,341	1,145	2,478	3,235
Dividend paid	—	—	190	292	380	475	570
Total assets	19,359	21,993	27,072	35,233	42,220	47,937	56,501
Equity	3,282	3,827	4,399	5,505	6,784	8,503	9,564

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	5,018	4,960	4,766	4,105	1,940	5,254	6,095	6,132	4,689	6,483	6,597	6,585	7,316	8,561	8,066	8,031	9,056	9,933	10,114	10,042	10,407	11,302	11,135	11,542	12,210	14,051	14,756	15,053	16,296	19,474
Operating profit	560	577	613	522	74	633	753	778	415	740	770	830	905	1,086	1,022	1,054	1,215	1,356	1,488	1,485	1,465	1,642	1,665	1,920	1,814	2,122	2,270	2,187	2,357	2,726
Operating margin	11.2%	11.6%	12.9%	12.7%	3.8%	12.1%	12.4%	12.7%	8.9%	11.4%	11.7%	12.6%	12.4%	12.7%	12.7%	13.1%	13.4%	13.7%	14.7%	14.8%	14.1%	14.5%	15.0%	16.6%	14.9%	15.1%	15.4%	14.5%	14.5%	14.0%
Other income	8	7	13	24	7	15	17	9	3	8	9	14	32	30	9	67	87	51	12	-44	41	32	65	-68	40	-14	-10	7	158	98
Interest	204	204	214	232	213	239	221	209	221	223	234	263	292	338	339	398	437	483	494	513	503	509	539	551	551	552	561	566	602	670
Depreciation	131	136	133	157	105	150	150	159	164	182	190	207	199	212	216	232	227	237	242	269	246	259	264	292	315	320	323	315	354	358
Profit before tax	233	321	203	118	-238	258	398	412	-4	342	354	372	446	565	475	491	637	686	763	660	757	906	927	1,009	988	1,236	1,326	1,313	1,560	1,796
Tax	80	61	44	33	-58	74	104	95	11	109	123	93	139	176	160	151	185	260	241	239	254	299	297	306	334	391	432	479	488	572
Net profit	151	254	151	74	-179	181	284	310	-11	242	248	277	305	386	301	336	434	386	479	387	461	560	566	648	610	795	841	772	1,019	1,195
EPS ₹	3.08	5.34	3.17	1.56	-3.78	3.79	5.97	6.53	-0.22	5.10	5.21	5.84	6.43	8.13	6.33	7.07	9.14	8.13	10.08	8.15	9.70	11.80	11.91	13.64	12.84	16.74	17.71	16.24	21.46	25.14
Revenue YoY	—	—	—	—	-61.3%	5.9%	27.9%	49.4%	141.8%	23.4%	8.2%	7.4%	56.0%	32.0%	22.3%	22.0%	23.8%	16.0%	25.4%	25.0%	14.9%	13.8%	10.1%	14.9%	17.3%	24.3%	32.5%	30.4%	33.5%	38.6%
Profit YoY	—	—	—	—	-218.6%	-28.5%	88.3%	318.8%	—	33.5%	-12.7%	-10.5%	—	59.5%	21.4%	21.1%	42.2%	0.0%	59.1%	15.1%	6.1%	45.1%	18.2%	67.5%	32.4%	41.9%	48.6%	19.0%	67.1%	50.2%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

TVS Motor Company Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	4,424	6,289	7,127	7,058	7,962	10,098	11,257	12,923	15,473	18,195
Operating profit	272	389	470	409	478	604	756	857	1,129	1,418
Operating margin	6.1%	6.2%	6.6%	5.8%	6.0%	6.0%	6.7%	6.6%	7.3%	7.8%
Other income	7	14	11	23	31	33	51	173	145	22
Interest	63	46	46	48	25	27	46	44	57	81
Depreciation	102	107	118	130	132	153	190	288	339	399
Profit before tax	76	250	316	163	348	456	566	699	879	961
Tax	-10	58	67	47	87	108	134	141	216	291
Net profit	86	193	249	116	262	348	432	558	663	670

Quarters

showing latest 8 of 45 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	823	875	911	1,034	869	989	1,130	1,089	1,216	1,393	1,616	1,647	1,633	1,746	1,992	1,762	1,627	1,820	1,691	1,799	1,748	1,760	1,988	2,058	2,156	2,305	2,683	2,653	2,457	2,621	2,881	2,940	2,815	2,881	3,726	3,240	3,076	3,743	4,052	3,685	3,993	4,154	4,993	4,664	4,384
Operating profit	20	15	31	51	45	63	62	68	79	90	107	101	91	117	138	115	99	108	101	107	94	98	117	123	139	131	163	160	150	164	212	202	179	200	277	218	162	211	350	287	281	306	428	376	308
Operating margin	2.4%	1.7%	3.4%	4.9%	5.1%	6.3%	5.5%	6.3%	6.5%	6.4%	6.7%	6.1%	5.6%	6.7%	6.9%	6.5%	6.1%	5.9%	6.0%	5.9%	5.4%	5.6%	5.9%	6.0%	6.4%	5.7%	6.1%	6.0%	6.1%	6.2%	7.4%	6.9%	6.3%	7.0%	7.4%	6.7%	5.3%	5.6%	8.6%	7.8%	7.0%	7.4%	8.6%	8.1%	7.0%
Other income	18	21	14	1	0	-0	2	1	4	4	2	7	0	0	2	0	8	5	4	5	10	9	8	8	7	9	9	6	9	10	6	12	24	36	39	35	63	57	46	18	24	17	1	1	4
Interest	7	5	10	12	19	17	15	18	12	17	14	10	6	12	11	10	13	15	15	12	6	7	5	5	8	6	3	5	13	13	10	10	13	10	9	12	13	11	15	12	18	18	21	17	25
Depreciation	24	24	25	26	25	25	25	25	26	27	28	28	24	28	29	30	32	31	32	33	35	31	31	33	36	34	37	37	46	42	47	49	52	66	72	72	77	78	84	82	94	93	102	101	103
Profit before tax	17	7	10	14	0	20	24	25	7	50	68	70	62	78	101	76	62	66	58	67	-28	69	118	93	68	101	131	124	101	118	161	149	138	161	234	170	134	179	297	210	192	212	306	258	184
Tax	5	1	3	4	1	2	-0	2	-14	10	13	15	20	19	24	19	5	15	13	15	4	17	30	24	16	28	36	34	10	28	44	41	20	40	57	37	7	50	84	56	26	66	95	80	50
Net profit	12	6	7	10	-1	18	25	24	20	40	55	56	42	59	77	57	57	51	45	52	-33	52	89	69	52	72	95	90	91	90	116	108	118	121	177	133	127	129	213	154	166	147	211	178	134
EPS ₹	0.50	0.25	0.30	0.44	-0.04	0.76	1.30	0.99	0.85	1.70	1.15	1.17	0.88	1.24	1.61	1.19	1.20	1.08	0.95	1.10	-0.69	1.09	1.87	1.45	1.10	1.52	2.00	1.90	1.91	1.90	2.45	2.27	2.48	2.55	3.73	2.79	2.67	2.73	4.49	3.25	3.49	3.09	4.45	3.75	2.82
Revenue YoY	—	—	—	25.6%	-0.7%	8.5%	9.3%	25.4%	—	40.9%	43.0%	51.1%	34.3%	25.3%	23.2%	7.0%	-0.4%	4.2%	-15.1%	2.1%	7.4%	-3.3%	17.6%	14.4%	23.3%	31.0%	34.9%	28.9%	14.0%	13.7%	7.4%	10.8%	14.6%	9.9%	29.4%	10.2%	9.3%	29.9%	8.8%	13.7%	29.8%	11.0%	23.2%	26.6%	9.8%
Profit YoY	—	—	—	-12.8%	-116.5%	158.1%	136.1%	—	—	122.8%	123.1%	136.9%	105.4%	45.6%	39.7%	1.4%	37.3%	-13.1%	-40.9%	-7.2%	-157.2%	1.5%	96.6%	31.2%	—	39.4%	6.7%	31.1%	73.7%	24.8%	22.8%	19.4%	30.1%	34.3%	52.4%	23.2%	7.7%	6.8%	20.2%	16.3%	30.6%	13.2%	-0.9%	15.6%	-19.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	19.2%	9.1%	6.9%	11.0%	15.6%	20.0%	21.6%	20.6%	17.2%	24.4%	24.0%	25.1%	24.1%	26.5%	23.1%	25.9%	24.9%	25.3%	24.3%	25.4%	26.3%	28.0%	32.3%	35.7%	31.6%	35.8%	33.7%
ROCE	14.1%	10.3%	10.1%	11.7%	10.9%	12.4%	12.8%	12.6%	10.2%	12.8%	12.3%	13.3%	12.3%	13.6%	12.9%	14.3%	14.6%	15.2%	15.0%	15.6%	15.8%	16.6%	16.4%	17.5%	17.2%	18.7%	17.0%
Net margin	3.3%	1.9%	1.4%	2.1%	3.1%	3.4%	3.5%	3.3%	3.1%	4.0%	4.2%	4.2%	4.2%	4.3%	4.2%	4.4%	4.3%	4.2%	4.5%	4.6%	5.0%	5.2%	5.4%	5.5%	5.4%	5.7%	5.8%
EBITDA margin	12.1%	11.3%	11.5%	11.4%	11.5%	11.6%	11.5%	11.3%	11.3%	12.0%	12.4%	12.6%	12.7%	13.0%	13.2%	13.8%	14.2%	14.3%	14.5%	14.6%	15.1%	15.2%	15.4%	15.5%	15.0%	14.9%	14.5%
Debt / equity	2.74	2.74	2.74	2.74	3.12	3.12	3.12	3.12	3.48	3.48	3.59	3.59	3.93	3.93	3.85	3.85	3.73	3.73	3.39	3.39	3.25	3.25	3.76	3.76	3.31	3.31	3.34
Interest coverage	2.02	1.47	1.38	1.59	1.94	2.20	2.31	2.24	2.13	2.50	2.54	2.51	2.45	2.43	2.38	2.42	2.42	2.44	2.53	2.57	2.71	2.78	2.90	3.06	3.18	3.38	3.50
Asset turnover	0.97	0.81	0.83	0.90	0.88	1.01	1.06	1.09	0.90	1.00	0.93	0.98	0.91	0.96	0.87	0.92	0.93	0.96	0.93	0.95	0.93	0.96	0.94	1.01	0.99	1.06	0.98

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	48	48	48	48	48	48	48	48	48	48	48	48	48	48	48	48	48	48
Other equity / reserves	1,113	1,277	1,771	2,169	2,630	3,123	3,235	3,779	4,352	5,022	5,457	6,273	6,736	7,712	8,456	8,068	9,517	11,300
Total equity	1,161	1,325	1,818	2,216	2,677	3,170	3,282	3,827	4,399	5,070	5,505	6,320	6,784	7,759	8,503	8,116	9,564	11,348
Borrowings	626	1,025	899	1,242	5,553	8,163	9,002	11,931	15,297	18,190	21,626	24,310	25,287	26,321	27,616	30,534	31,624	37,886
Current liabilities	1,757	2,471	2,625	3,209	7,830	8,185	—	10,909	13,852	15,750	19,219	20,250	21,078	23,282	23,174	26,606	32,068	34,819
Non-current liabilities	714	774	704	695	2,502	5,096	—	6,869	8,167	9,928	10,104	13,238	13,631	13,072	15,321	16,193	13,720	19,756
Total assets	3,632	4,570	5,146	6,128	13,190	16,696	19,359	21,993	27,072	31,129	35,233	40,469	42,220	44,946	47,937	51,927	56,501	66,871
Property, plant & equipment	1,497	1,605	1,989	2,274	2,709	2,979	3,067	3,367	4,378	3,614	4,177	4,232	4,294	4,445	5,489	5,896	6,050	7,187
Capital work-in-progress	48	93	47	64	274	604	847	874	320	245	316	314	338	417	664	701	974	1,362
Investments	—	—	861	1,060	294	310	196	180	240	766	967	1,048	1,123	1,166	1,247	1,316	1,147	2,004
Inventories	666	1,017	883	1,162	1,056	1,292	1,188	1,367	1,642	1,634	1,922	2,559	2,248	2,172	2,417	2,545	2,459	3,031
Receivables	353	415	491	702	1,071	1,546	1,454	1,029	1,155	1,404	1,232	1,616	1,839	1,820	1,717	2,177	2,654	3,072
Cash & equivalents	98	28	49	47	102	163	1,080	1,574	1,446	2,171	1,851	2,792	2,356	3,557	4,115	4,720	3,926	4,968

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	470	83	936	689	354	-918	373	1,151	-1,560	-4,405	-1,253	3,503	1,867
Cash from investing	-235	-415	-605	-709	-1,095	-1,104	-1,090	-882	-1,486	-1,308	-1,001	-2,899	-2,964
Cash from financing	-216	261	-319	-59	897	2,210	1,619	264	2,918	6,118	2,759	1,155	909
Capex	272	376	623	623	859	816	—	928	985	1,341	1,145	2,478	3,235
Free cash flow	198	-293	313	67	-505	-1,734	—	223	-2,545	-5,746	-2,398	1,025	-1,368
Dividends paid	—	—	—	—	—	—	—	—	190	292	380	475	570

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹7,187 cr11%

CWIP

₹1,362 cr2%

Investments

₹2,004 cr3%

Inventories

₹3,031 cr5%

Receivables

₹3,072 cr5%

Cash & equivalents

₹4,968 cr7%

Other assets

₹45,247 cr68%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+14.4%

6 months+21.2%

1 year+28.4%

3Y CAGR+40.6%

5Y CAGR+44.6%

10Y CAGR+27.7%

50-day avg₹4,131.09

200-day avg₹3,808.00

RSI (14)75

Compare TVS Motor Company Ltd. with

Maruti Suzuki India vs TVS Motor Company Mahindra & Mahindra vs TVS Motor Company Bajaj Auto vs TVS Motor Company TVS Motor Company vs Eicher Motors TVS Motor Company vs Hyundai Motor India TVS Motor Company vs Samvardhana Motherson International

FAQs

What is the share price of TVS Motor Company Ltd.?

TVS Motor Company Ltd. (TVSMOTOR) closed at ₹4,491.70 on NSE on 06 Nov 2026.

What is the market cap of TVS Motor Company Ltd.?

₹2,13,401 crore at the latest close.

What is the P/E ratio of TVS Motor Company Ltd.?

55.8, on trailing-twelve-month earnings from its filings.

How fast is TVS Motor Company Ltd. growing?

TVS Motor Company Ltd.: revenue has compounded at 20.6% a year over three years; net profit at 31.5% a year. Latest-quarter revenue is up 38.6% year on year, profit up 50.2%.

How profitable is TVS Motor Company Ltd.?

On a trailing-twelve-month basis return on equity is 33.7%, return on capital employed 17.0%, operating margin 14.5%, net margin 5.8%.

How much debt does TVS Motor Company Ltd. have?

TVS Motor Company Ltd. is highly geared: debt to equity is 3.34 with borrowings of ₹37,886 cr against cash of ₹4,968 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.5 times.

Financials parsed from TVS Motor Company Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.