Is TVS Motor Company a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TVS Motor Company Ltd is a good quality company .

Is TVS Motor Company undervalued or overvalued?

The key valuation ratios of TVS Motor Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is TVS Motor Company share price return in the past 10 years?

TVS Motor Company Ltd share price has appreciated 26.3% annually (CAGR) over the past ten years.

Is TVS Motor Company a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TVS Motor Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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

The latest standalone P/E ratio of TVS Motor Company as of 21-Nov-2024 is 49.77.

What is the P/B ratio of TVS Motor Company?

The latest standalone P/B ratio of TVS Motor Company as of 21-Nov-2024 is 13.00.

What is the 52-week high and low of TVS Motor Company?

The 52-week high of TVS Motor Company is Rs. 2958.15 and the 52-week low is Rs. 1705.70.

TVS Motor Company Ltd - Stock Valuation and Financial Performance

Name: TVS Motor Company
Brand: TVS Motor Company

BSE: 532343 | NSE: TVSMOTOR | Automobile Two & Three Wheelers | Large Cap

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TVS Motor Share Price

₹2,399.45 -29.85 -1.23%
as on 21-Nov'24 13:47

10 Year X-Ray of TVS Motor:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	21.3%	24.7%	23.2%	24.7%	23.6%	16.5%	17.7%	22.9%	29.1%	33.8%	-
Value Creation Index ⓘ	0.5	0.8	1.1	1.2	1.1	0.5	0.6	1.0	1.6	2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	10,042	11,105	12,135	15,175	18,210	16,423	16,751	20,791	26,378	31,776	34,018
Sales YoY Gr.	-	10.6%	9.3%	25.1%	20%	-9.8%	2%	24.1%	26.9%	20.5%	-
Adj EPS ⓘ	7.3	10.6	11.9	13.6	14.5	12.9	13.4	19.2	31	42.1	48.8
YoY Gr.	-	45.5%	11.8%	14.9%	6%	-10.7%	3.7%	43.5%	61.5%	35.7%	-
BVPS (₹) ⓘ	34.6	41.2	50.7	60.6	70.5	76.2	87.8	101.5	127.3	162.7	186.9
Adj Net Profit ⓘ	346	504	563	647	687	613	636	913	1,474	1,999	2,319
Cash Flow from Ops. ⓘ	84.8	941	724	1,297	1,098	1,394	2,561	1,498	1,993	3,617	-
Debt/CF from Ops. ⓘ	11.4	1	1.5	0.9	1.3	1.5	0.4	1.1	1.1	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.7%	11.8%	23.8%	20.5%
Adj EPS ⓘ	21.5%	23.8%	46.5%	35.7%
BVPSⓘ	18.8%	18.2%	22.8%	27.8%
Share Price	26.3%	39.9%	49.1%	39.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	22.6	28	25.8	24.5	22.1	17.6	16.3	20.3	27.1	29	27.9
Op. Profit Mgn % ⓘ	6	7.5	7.1	7.7	8	8.2	8.7	9.4	10.1	11.1	11.4
Net Profit Mgn % ⓘ	3.5	4.5	4.6	4.3	3.8	3.7	3.8	4.4	5.6	6.3	6.8
Debt to Equity ⓘ	0.6	0.5	0.5	0.4	0.4	0.6	0.3	0.3	0.4	0.2	0.1
Working Cap Days ⓘ	61	62	58	57	58	70	63	50	48	44	24
Cash Conv. Cycle ⓘ	-12	-16	-15	-14	-14	-16	-36	-43	-35	-34	-13

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.90%

Sales growth is growing at healthy rate in last 3 years 23.79%

Net Profit is growing at healthy rate in last 3 years 46.48%

Sales growth is good in last 4 quarters at 19.75%

No data to display

Latest Financials - TVS Motor Company Ltd.

	Standalone	Consolidated
TTM EPS (₹)	48.8	39.7
TTM Sales (₹ Cr.)	34,018	41,865
BVPS (₹.) ⓘ	186.9	163.3
Reserves (₹ Cr.) ⓘ	8,830	7,712
P/BV ⓘ	13.00	14.87
PE ⓘ	49.77	61.16

From the Market
52 Week Low / High (₹)	1705.70 / 2958.15
All Time Low / High (₹)	3.25 / 2958.15
Market Cap (₹ Cr.)	1,15,413
Equity (₹ Cr.)	47.5
Face Value (₹)	1
Industry PE ⓘ	32.9

Management X-Ray of TVS Motor:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of TVS Motor

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of TVS Motor

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	10,042	11,105	12,135	15,175	18,210	16,423	16,751	20,791	26,378	31,776
Operating Expenses ⓘ	9,436	10,295	11,278	14,000	16,777	15,077	15,322	18,829	23,703	28,289
Manufacturing Costs	205	200	212	244	247	211	187	220	251	272
Material Costs	7,297	7,979	8,853	11,133	13,842	12,136	12,724	15,808	19,996	23,429
Employee Cost	592	652	746	868	923	938	948	1,137	1,345	1,596
Other Costs ⓘ	1,341	1,463	1,467	1,756	1,765	1,792	1,463	1,664	2,112	2,992
Operating Profit ⓘ	607	810	857	1,175	1,433	1,346	1,429	1,962	2,675	3,487
Operating Profit Margin (%)	6.0%	7.3%	7.1%	7.7%	7.9%	8.2%	8.5%	9.4%	10.1%	11.0%
Other Income ⓘ	32	104	173	99	8	32	33	19	101	175
Interest ⓘ	29	49	44	57	81	102	142	126	141	182
Depreciation ⓘ	153	236	288	339	399	489	494	611	631	700
Exceptional Items ⓘ	0	0	0	0	0	-32	0	-30	0	0
Profit Before Tax ⓘ	456	629	699	879	961	754	826	1,213	2,003	2,781
Tax ⓘ	108	140	141	216	291	162	214	320	512	698
Profit After Tax	348	489	558	663	670	592	612	894	1,491	2,083
PAT Margin (%)	3.5%	4.4%	4.6%	4.4%	3.7%	3.6%	3.7%	4.3%	5.7%	6.6%
Adjusted EPS (₹)	7.3	10.3	11.8	14.0	14.1	12.5	12.9	18.8	31.4	43.8
Dividend Payout Ratio (%)	26%	24%	21%	24%	25%	28%	27%	20%	16%	18%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,645	1,958	2,408	2,880	3,347	3,618	4,171	4,822	6,048	7,731
Share Capital ⓘ	48	48	48	48	48	48	48	48	48	48
Reserves ⓘ	1,598	1,911	2,361	2,833	3,300	3,571	4,123	4,775	6,000	7,684
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	919	758	1,085	1,037	1,378	1,975	1,036	1,297	1,652	987
Long Term Debt	519	494	469	318	709	905	1,036	1,167	1,212	987
Short Term Debt	400	264	616	719	669	1,070	0	130	440	0
Trade Payables	1,479	1,544	1,859	2,486	2,924	2,886	3,922	4,030	4,131	5,112
Others Liabilities ⓘ	562	692	552	753	720	874	1,069	1,754	2,162	2,232
Total Liabilities ⓘ	4,605	4,952	5,905	7,156	8,369	9,353	10,197	11,902	13,992	16,062
Fixed Assets
Gross Block	2,822	3,465	3,929	4,545	5,054	5,785	6,371	7,206	7,988	8,726
Accumulated Depreciation	1,492	1,746	1,945	2,174	2,474	2,885	3,361	3,900	4,392	4,954
Net Fixed Assetsⓘ	1,330	1,720	1,984	2,372	2,579	2,900	3,010	3,307	3,596	3,772
CWIP ⓘ	89	31	62	131	257	285	279	424	628	930
Investmentsⓘ	1,012	1,215	1,588	2,035	2,301	2,606	3,315	4,716	5,684	6,991
Inventories	820	696	967	964	1,176	1,039	1,152	1,123	1,236	1,371
Trade Receivables	504	578	724	968	1,414	1,281	870	973	979	1,302
Cash Equivalents	5	33	9	11	44	419	930	401	242	531
Others Assetsⓘ	844	680	571	674	598	823	642	959	1,627	1,165
Total Assets ⓘ	4,605	4,952	5,905	7,156	8,369	9,353	10,197	11,902	13,992	16,062

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	85	941	724	1,297	1,098	1,394	2,561	1,498	1,993	3,617
PBT ⓘ	456	629	699	879	961	754	826	1,213	2,003	2,781
Adjustment ⓘ	154	183	206	298	493	532	645	691	680	798
Changes in Working Capital ⓘ	-385	275	-51	367	-126	293	1292	-96	-208	654
Tax Paid ⓘ	-141	-146	-129	-246	-230	-185	-202	-310	-483	-616
Cash Flow From Investing Activity ⓘ	-493	-608	-748	-1,131	-1,002	-1,289	-921	-2,141	-2,312	-1,896
Capex	-405	-487	-612	-770	-733	-727	-556	-728	-997	-1,056
Net Investments	-116	-171	-194	-76	-29	-250	11	-69	-577	-99
Others ⓘ	28	50	58	-285	-240	-312	-376	-1,345	-738	-742
Cash Flow From Financing Activityⓘ	331	-306	-73	-75	81	271	-1,196	113	225	-1,470
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	83	-168	-20	273	188	175	352	348	-289
Interest Paid ⓘ	-28	-47	-43	-58	-86	-100	-113	-123	-137	-214
Dividend Paid ⓘ	-83	-206	-119	-157	-166	-200	-100	-190	-292	-380
Others ⓘ	442	-136	257	161	60	383	-1,158	74	306	-586
Net Cash Flow ⓘ	-78	27	-97	91	177	375	445	-530	-94	251

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.73	27.15	25.56	25.06	21.52	17.01	15.72	19.87	27.43	30.23
ROCE (%)	21.29	24.65	23.21	24.66	23.63	16.49	17.73	22.89	29.14	33.78
Asset Turnover Ratio	2.63	2.53	2.43	2.38	2.35	1.85	1.71	1.88	2.04	2.11
PAT to CFO Conversion(x)	0.24	1.92	1.3	1.96	1.64	2.35	4.18	1.68	1.34	1.74
Working Capital Days
Receivable Days	14	16	18	20	24	30	23	16	14	13
Inventory Days	23	23	23	23	21	25	24	20	16	15
Payable Days	62	69	70	71	71	87	98	92	74	72

TVS Motor Company Ltd Stock News

TVS Motor Company Ltd FAQs

What is the share price of TVS Motor?

Company share prices are keep on changing according to the market conditions. The closing price of TVS Motor on 21-Nov-2024 13:47 is ₹2,399.5.

What is the market cap of TVS Motor?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 13:47 the market cap of TVS Motor stood at ₹1,15,412.9.

What is the P/E ratio of TVS Motor?

The latest P/E ratio of TVS Motor as of 21-Nov-2024 13:47 is 49.77.

What is the P/B ratio of TVS Motor?

The latest P/B ratio of TVS Motor as of 21-Nov-2024 13:47 is 13.00.

What is the 52-week high and low of TVS Motor?

The 52-week high of TVS Motor is ₹2,958.2 and the 52-week low is ₹1,705.7.

What is the TTM revenue of TVS Motor?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TVS Motor is ₹34,018 ( Cr.) .

About TVS Motor Company Ltd

TVS Motor Company Ltd. is the largest 2-wheeler company in India. TVS Motor is also the largest exporter in India with exports to several Countries. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation. TVS has always stood for innovative, easy-to-handle, and environment-friendly products, backed by reliable customer service. The company has many manufacturing plants, three located in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh) and one in Indonesia at Karawang. TVS Motor has footprints globally, including geographies like Middle East, Africa, SE Asia, Indian subcontinent, Latin & Central America.

Business area of the company

TVS Motor manufactures the largest range of 2-wheelers. It is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories.

Products of the company

Scooters

TVS Ntorq
TVS Jupiter
TVS Zest 110
TVS Scooty Pep+

Motorcycles

TVS Apache RR 310
TVS Apache RTR Series
TVS Radeon
TVS StaR City +
TVS Sport

Mopeds

TVS XL100

Electric

TVS iQube

Three Wheelers

TVS King

Awards

2002 - Technology Award 2002 from the Ministry of Science, Government of India for the successful commercialization of indigenous technology for TVS Victor.
2004 - Asian Network for Quality Award 2004 - TVS Scooty Pep won the prestigious 'Outstanding Design Excellence Award' from Business World and National Institute of Design.
2007- SAP ACE AWARD 2007 - The company won the SAP ACE 2007 Award for Customer Excellence in the Most Innovative Netweaver Category.
2007- TEAM TECH 2007 Award - TVS Motor Company bagged the TEAM TECH 2007 Award of Excellence for Integrated use of Computer Aided Engineering Technologies.
2008 - TPM Excellence Award 2008 - First category by Japan Institute of Plant Maintenance (JiPm). Most Investor friendly company by Business Today, one of India's leading business.
2009- Progressive Manufacturer 100 Award - TVS wins coveted 2009 Progressive Manufacturer 100 Award for end-to-end automation of the entire business process of its lubricant brand, TVS TRU4.
2009 - The 'Good Advertising' award by Auto India Best Brand Awards 2009.
2012 - CII-ITC Sustainability Awards 2012.
2012 - The Deming Prize - TVS Motor Company is the only two-wheeler company in the world to be awarded the world's most prestigious and coveted recognition in Total Quality Management.
2014-15- J.D Power Asia Pacific India Automotive Awards.
2014-15- The most Apealing Executive Scooter - TVS Wego.
2014-15- The most Apealing Premium Motorcycle - TVS Apache.
2014-15- The most Apealing Economy Motorcycle - TVS Sport.
2016 - Most Appealing Executive Scooter: TVS Scooty Zest 110 is awarded the Most Appealing Executive Scooter by J.D.Power Asia Pasific Awards for 2016.
2016 - Most Appealing Economy Motorcycle: TVS StaR City + is awarded the Most Appealing Economy Motorcycle by J.D.Power Asia Pasific Awards for 2016
2016 - Best Executive Scooter: TVS Wego is awarded the Best Executive Scooter by J.D.Power Asia Pasific Awards for 2016.
2016 - Most Appealing Premium Motorcycle: TVS Apache RTR180 is the Most Appealing Premium Motorcycle as awarded by J.D.Power Asia Pacific Awards, 2016.
2016 - Highest in Customer Satisfaction: TVS Motor has been awarded Highest in Customer Satisfaction by JD. Power Asia Pacific Awards for 2016.
2017 - Indian Motorcycle of the year - 2017.
2018 - TVS Motor has been awarded Highest in Customer Satisfaction by J.D. Power Asia Pacific Awards for 2018.
2019 - The brand communication campaign named, 'Dil Ka Mileage'went on to bag the prestigious 'Marketing Campaign of the Year Award' at the Global Awards for Retail Excellence event by ET NOW.

Milestones

1980

TVS Motor launched India’s first two-seater 50cc moped -- TVS 50.

1984

The two-wheeler major became the first Indian company to introduce 100cc Indo-Japanese motorcycles.

1994

It launched India’s first indigenous scooterette -- TVS Scooty, a 100cc model.

1996-97

Introduced India’s first catalytic converter-enabled motorcycle, the 110cc Shogun. Launched India’s first 5- speed motorcycle, the Shaolin.

2000

Launched TVS Fiero, India’s first 150cc, 4-stroke motorcycle.

2001

Launched TVS Victor, 4-stroke 110cc motorcycle, India’s first fully indigenously designed and manufactured motorcycle.

2002

TVS became the world’s first two-wheeler company to win the world’s most prestigious recognition in Total Quality Management – the Deming Award 2002.

2002

TVS wins the Technology Award from Ministry of Science, Government of India for successful commercialization of indigenous technology.

2004

Launched TVS Centra, a world class 4-stroke 100cc motorcycle with revolutionary VT- I engine for best in class mileage. Launched TVS Star, a 100cc motorcycle ideal for the rough terrain. TVS wins TPM Excellence award from Japan Institute of Plant Maintenance (JIPM). TVS wins Outstanding design Excellence Award for TVS Scooty Pep.

2005-06

TVS launched its Indonesian plant. Launched TVS Apache, which set the youth’s imagination on fire. Apache went on to be the Bike of the year for 2006, winning six prestigious awards.

2007

TVS Motor Company rolled out seven new products. TVS launches its Himachal Pradesh Plant at Nalagarh.

2008-09

Apache Refresh with Rear Disc Brakes was launched in December 2008. TVS Motor company bags two coveted IT awards in September 2008 -- SAP ACE 2008 Award and 2008 Symantec South Asia Visionary Award. Scooty Pep was launched with balancing wheels in August 2008. Scooty Wimbledon Collection launched in June 2008. Apache RTR FI was launched June 2008. TVS Motor Company launched the revolutionary 125cc Flame in March 2008. TVS made by its foray into the three-wheeler market with TVS King in March 2008.

2009

TVS unveiled ‘High performance’ with Apache RTR 180 in June 2009. TVS scooty Streak was launched. TVS Flame SR 125 launched was June 2009.

2014-15

Launched All New Phoenix 125.
To celebrate the 1 year anniversary to the Jupiter, TVS launches the special edition of the Jupiter with a new colour and additional features, to be sold in limited numbers.
TVS launches its award winning scooter, the TVS Scooty Zest 110 with best in class features.
TVS launches its all new premium commuter scooter, the TVS Wego 110cc.
TVS Motor Company launched a bike in the popular commuter segment, the all the StaR city+
Two Wheeler Manufacturer of the Year: TVS Motor Company was named the Two Wheeler Manufacturer of the Year by NDTV Car and Bike Awards 2015

2016

A new Victor to make you smile with every ride. The new TVS Victor launched.
After decades of conquering the track, 2016 saw the launch of the new TVS Apache RTR 200 4V. The most powerful Apache yet.

2019

TVS Motor Company has entered into partnership with Greaves Care, multi-brand spares and service arm of Greaves Cotton.
TVS Motor Company has launched the TVS NTORQ 125 Race Edition in Nepal. The Race Edition comes with Signature LED DRLs and LED Headlamp.
TVS Motor Company has opened flagship showroom in Guatemala City.
TVS Motor Company has launched 2020 range of TVS Apache RTR 200 4V and TVS Apache RTR 160 4V motorcycles.

2020

TVS Motor Company has introduced its new TVS Apache RTR 200 4V (dual-channel ABS) motorcycle with innovative segment-first features.
TVS Motor Company has launched the TVS NTORQ 125 SuperSquad Edition inspired by Marvel’s Avengers.
TVS Motor Company has entered into a new distribution partnership with Autotecnica Colombiana SAS (Auteco SAS), a leading motorcycle assembler in Colombia.
TVS Motor Company has inaugurated its flagship showroom in EI Salvador.
TVS Motor Company has entered into partnership with Motomundo SA, one of the largest, respected business groups in Honduras.
TVS Motor Company has unveiled TVS Apache RR310 BS-VI 2020 motorcycle with Next Generation Technology.
TVS Motor Company has launched the TVS NTORQ 125 Race Edition in Sri Lanka. The Race Edition comes with Signature LED DRLs and LED Headlamp.