Past 10 year's financial track record analysis by Moneyworks4me indicates that TVS Supply Chain Solutions Ltd is a average quality company.
The key valuation ratios of TVS Supply Chain Solutions Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TVS Supply Chain Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.6% | 15.9% | 11.2% | 9.8% | 8.9% | -0.2% | 2.8% | 7.7% | 9.2% | 6.5% | - |
| Value Creation Index ⓘ | -0.1 | 0.2 | -0.2 | -0.3 | -0.3 | -1.0 | -0.8 | -0.5 | -0.3 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 3,127 | 4,293 | 5,032 | 5,342 | 6,780 | 6,605 | 6,934 | 9,250 | 9,994 | 9,200 | 9,700 |
| Sales YoY Gr. | - | 37.3% | 17.2% | 6.2% | 26.9% | -2.6% | 5% | 33.4% | 8.1% | -8% | - |
| Adj EPS ⓘ | 1.2 | 2.5 | 1.4 | 1.1 | -0.3 | -5.6 | -2 | -0.3 | 0.5 | -1.1 | 0.7 |
| YoY Gr. | - | 105.7% | -42.6% | -20.8% | -129.8% | NA | NA | NA | NA | -322% | - |
| BVPS (₹) ⓘ | 14.4 | 15.7 | 17.6 | 19.7 | 19.4 | 15.5 | 14.2 | 18.8 | 18.4 | 40.4 | 42.1 |
| Adj Net Profit ⓘ | 29.4 | 64.8 | 45.9 | 36.4 | -10.9 | -178 | -62.8 | -9.3 | 18.1 | -48.9 | 30 |
| Cash Flow from Ops. ⓘ | 177 | 173 | 110 | 69.7 | 372 | 190 | 712 | 621 | 734 | 128 | - |
| Debt/CF from Ops. ⓘ | 3.9 | 5.8 | 8.7 | 15.8 | 4.1 | 11.5 | 2.2 | 2.8 | 2.7 | 6.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.7% | 6.3% | 9.9% | -8% | ||||
| Adj EPS ⓘ | -199% | NA | NA | -322% | ||||
| BVPSⓘ | 12.2% | 15.8% | 41.8% | 120% | ||||
| Share Price | - | - | - | -13.9% | ||||
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 % ⓘ | 7.9 | 17.5 | 9.6 | 6.2 | -1.8 | -31.4 | -12.5 | -1.6 | 2.5 | -3.9 | 1.6 |
| Op. Profit Mgn % ⓘ | 6 | 4.9 | 4.4 | 3.7 | 8 | 4.7 | 6.3 | 7 | 6.7 | 7.8 | 7.1 |
| Net Profit Mgn % ⓘ | 1.2 | 1.7 | 0.9 | 0.7 | -0.2 | -3.5 | -0.9 | -0.1 | 0.2 | -0.4 | 0.3 |
| Debt to Equity ⓘ | 2 | 2.5 | 1.7 | 1.8 | 2.5 | 4.4 | 3.4 | 2.6 | 3 | 0.5 | 0 |
| Working Cap Days ⓘ | 100 | 93 | 103 | 116 | 104 | 110 | 111 | 89 | 89 | 101 | 59 |
| Cash Conv. Cycle ⓘ | 22 | 18 | 18 | 20 | 19 | 21 | 15 | 4 | 2 | 7 | 5 |
Return on Equity has increased versus last 3 years average to 1.60%
Debt to equity has declined versus last 3 years average to 0.45
Sales growth has been subdued in last 3 years 9.89%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 5.03%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | 0.7 |
| TTM Sales (₹ Cr.) | 1,873 | 9,700 |
| BVPS (₹.) ⓘ | 59.1 | 42.1 |
| Reserves (₹ Cr.) ⓘ | 2,558 | 1,812 |
| P/BV ⓘ | 3.04 | 4.27 |
| PE ⓘ | 91.47 | 266.62 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 145.40 / 217.35 |
| All Time Low / High (₹) | 145.40 / 257.95 |
| Market Cap (₹ Cr.) | 7,919 |
| Equity (₹ Cr.) | 44.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 40.9 |
| Pledged * | 0.00 | 0.00 | 7.77 | 7.77 | 8.35 | 8.82 | 8.82 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,127 | 4,293 | 5,032 | 5,342 | 6,780 | 6,605 | 6,934 | 9,250 | 9,994 | 9,200 |
| Operating Expenses ⓘ | 2,943 | 4,082 | 4,819 | 5,147 | 6,254 | 6,356 | 6,540 | 8,632 | 9,325 | 8,504 |
| Manufacturing Costs | 624 | 695 | 743 | 903 | 1,077 | 1,118 | 1,156 | 1,538 | 1,574 | 1,630 |
| Material Costs | 952 | 1,088 | 1,047 | 885 | 894 | 910 | 933 | 1,159 | 1,372 | 1,649 |
| Employee Cost | 597 | 819 | 1,025 | 1,212 | 1,610 | 1,804 | 1,805 | 1,889 | 2,011 | 2,243 |
| Other Costs ⓘ | 771 | 1,481 | 2,004 | 2,147 | 2,673 | 2,523 | 2,646 | 4,046 | 4,368 | 2,981 |
| Operating Profit ⓘ | 184 | 210 | 213 | 195 | 526 | 249 | 394 | 617 | 670 | 696 |
| Operating Profit Margin (%) | 5.9% | 4.9% | 4.2% | 3.7% | 7.8% | 3.8% | 5.7% | 6.7% | 6.7% | 7.6% |
| Other Income ⓘ | 13 | 32 | 22 | 48 | 54 | 188 | 66 | 50 | 76 | 57 |
| Interest ⓘ | 54 | 61 | 75 | 55 | 146 | 237 | 182 | 160 | 193 | 210 |
| Depreciation ⓘ | 74 | 67 | 73 | 88 | 418 | 445 | 443 | 461 | 502 | 557 |
| Exceptional Items ⓘ | 0 | 17 | 0 | 0 | 7 | 0 | 50 | -35 | -10 | -26 |
| Profit Before Tax ⓘ | 69 | 132 | 88 | 103 | 25 | -242 | -116 | 14 | 46 | -36 |
| Tax ⓘ | 32 | 44 | 42 | 53 | 41 | 6 | -43 | 58 | -2 | 22 |
| Profit After Tax | 37 | 88 | 47 | 50 | -15 | -248 | -74 | -45 | 48 | -58 |
| PAT Margin (%) | 1.2% | 2.1% | 0.9% | 0.9% | -0.2% | -3.8% | -1.1% | -0.5% | 0.5% | -0.6% |
| Adjusted EPS (₹) | 1.3 | 3.2 | 1.5 | 1.7 | -1.0 | -6.1 | -2.4 | -1.3 | 1.1 | -2.3 |
| Dividend Payout Ratio (%) | 17% | 2% | 3% | 7% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 339 | 402 | 558 | 624 | 615 | 499 | 460 | 680 | 669 | 1,779 |
| Share Capital ⓘ | 24 | 26 | 32 | 32 | 32 | 39 | 42 | 36 | 36 | 44 |
| Reserves ⓘ | 316 | 376 | 526 | 592 | 583 | 461 | 418 | 644 | 632 | 1,735 |
| Minority Interest | 39 | 35 | 74 | 61 | 40 | 80 | 40 | 40 | 36 | 30 |
| Debt | 591 | 893 | 823 | 1,088 | 1,432 | 2,122 | 1,496 | 1,524 | 1,671 | 792 |
| Long Term Debt | 387 | 355 | 221 | 710 | 904 | 959 | 941 | 735 | 499 | 3 |
| Short Term Debt | 204 | 538 | 603 | 379 | 528 | 1,163 | 555 | 789 | 1,172 | 789 |
| Trade Payables | 408 | 676 | 715 | 1,033 | 968 | 1,013 | 1,154 | 1,453 | 1,427 | 1,368 |
| Others Liabilities ⓘ | 256 | 318 | 437 | 466 | 1,539 | 1,663 | 1,715 | 1,957 | 2,283 | 1,710 |
| Total Liabilities ⓘ | 1,634 | 2,323 | 2,607 | 3,273 | 4,594 | 5,377 | 4,866 | 5,654 | 6,087 | 5,679 |
Fixed Assets | ||||||||||
| Gross Block | 899 | 1,174 | 694 | 1,061 | 2,585 | 3,099 | 3,202 | 3,129 | 3,071 | 3,613 |
| Accumulated Depreciation | 343 | 426 | 69 | 159 | 560 | 1,065 | 1,214 | 987 | 775 | 1,263 |
| Net Fixed Assetsⓘ | 556 | 748 | 625 | 902 | 2,025 | 2,034 | 1,987 | 2,141 | 2,296 | 2,350 |
| CWIP ⓘ | 0 | 1 | 12 | 3 | 13 | 8 | 16 | 12 | 35 | 12 |
| Investmentsⓘ | 0 | 27 | 55 | 53 | 60 | 50 | 112 | 100 | 105 | 93 |
| Inventories | 125 | 129 | 107 | 134 | 166 | 170 | 228 | 292 | 345 | 387 |
| Trade Receivables | 515 | 905 | 979 | 1,373 | 1,209 | 1,307 | 1,160 | 1,307 | 1,228 | 1,403 |
| Cash Equivalents | 256 | 180 | 444 | 383 | 499 | 1,147 | 566 | 1,005 | 1,172 | 597 |
| Others Assetsⓘ | 182 | 333 | 385 | 426 | 623 | 661 | 797 | 797 | 905 | 838 |
| Total Assets ⓘ | 1,634 | 2,323 | 2,607 | 3,273 | 4,594 | 5,377 | 4,866 | 5,654 | 6,087 | 5,679 |
| 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 ⓘ | 177 | 173 | 110 | 70 | 372 | 190 | 712 | 621 | 734 | 128 |
| PBT ⓘ | 69 | 132 | 88 | 107 | 8 | -242 | -119 | 13 | 46 | -36 |
| Adjustment ⓘ | 132 | 125 | 166 | 144 | 561 | 629 | 612 | 695 | 690 | 729 |
| Changes in Working Capital ⓘ | -10 | 8 | -103 | -151 | -141 | -141 | 222 | -71 | 82 | -531 |
| Tax Paid ⓘ | -15 | -92 | -41 | -31 | -56 | -56 | -3 | -16 | -73 | -10 |
| Cash Flow From Investing Activity ⓘ | -7 | -389 | -166 | -78 | -235 | -363 | 63 | -381 | -233 | -122 |
| Capex | 15 | -166 | -95 | -69 | -138 | -120 | -111 | -101 | -144 | -112 |
| Net Investments | -2 | 3 | -16 | 2 | -7 | -230 | 217 | 28 | -83 | 56 |
| Others ⓘ | -20 | -227 | -55 | -11 | -90 | -14 | -42 | -308 | -7 | -67 |
| Cash Flow From Financing Activityⓘ | -77 | 140 | 331 | -77 | -17 | 557 | -1,167 | 217 | -419 | -592 |
| Net Proceeds from Shares ⓘ | 0 | 126 | 358 | 0 | 4 | 0 | 0 | 457 | 1 | 682 |
| Net Proceeds from Borrowing ⓘ | 55 | 19 | 0 | 0 | 0 | 0 | -61 | -25 | -195 | -816 |
| Interest Paid ⓘ | -52 | -57 | -70 | -60 | -77 | -126 | -90 | -61 | -101 | -110 |
| Dividend Paid ⓘ | -3 | -7 | -3 | -4 | -5 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -77 | 59 | 45 | -13 | 61 | 683 | -1,016 | -154 | -125 | -348 |
| Net Cash Flow ⓘ | 92 | -76 | 275 | -86 | 120 | 384 | -392 | 458 | 81 | -586 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.02 | 23.76 | 9.69 | 8.39 | -2.49 | -44.82 | -15.69 | -7.95 | 7.07 | -4.72 |
| ROCE (%) | 11.64 | 15.89 | 11.21 | 9.75 | 8.89 | -0.21 | 2.79 | 7.67 | 9.19 | 6.54 |
| Asset Turnover Ratio | 1.87 | 2.17 | 2.04 | 1.82 | 1.72 | 1.32 | 1.35 | 1.76 | 1.7 | 1.56 |
| PAT to CFO Conversion(x) | 4.78 | 1.97 | 2.34 | 1.4 | N/A | N/A | N/A | N/A | 15.29 | N/A | Working Capital Days |
| Receivable Days | 60 | 60 | 68 | 80 | 69 | 70 | 65 | 49 | 46 | 52 |
| Inventory Days | 18 | 11 | 9 | 8 | 8 | 9 | 10 | 10 | 12 | 15 |
| Payable Days | 158 | 182 | 242 | 360 | 409 | 397 | 424 | 410 | 383 | 309 |
The Company was originally incorporated as ‘TVS Logistics Services Limited’ in Madurai, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 16, 2004 and certificate of commencement of business dated November 29, 2004 issued by the Registrar of Companies, Tamil Nadu. Thereafter, the name of the company was changed to its present name, ‘TVS Supply Chain Solutions Limited’, pursuant to a special resolution passed in the extra-ordinary general meeting of the Shareholders held on November 19, 2018, as part of corporate rebranding and to reflect its core activities. Consequently, a certificate of incorporation pursuant to change of name dated February 27, 2019 was issued by the RoC to reflect the change in name.
The company is India’s largest and among the fastest growing integrated supply chain solutions provider among Indian listed supply chain solutions companies in terms of revenues and revenue growth, respectively, in Fiscal 2023, according to the Redseer Report. The company is an India based multinational company, who pioneered the development of the supply chain solutions market in India according to Redseer Report. It is promoted by the erstwhile TVS Group, one of the reputed business groups in India (Source: Redseer Report), and are now part of the TVS Mobility Group. It has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions.
It is an Indian supply chain logistics solution provider that has global capabilities and network across the value chain with cross deployment abilities. Its technology coupled with it deep domain expertise and global expertise enables it to develop and offer customized solutions to customers’ thereby empowering agile and efficient supply chains at large scale. It provides solutions and services to meet its customers’ supply chain management and logistics requirements. As part of its engagement with customers, customers outsource portions of their supply chain to it in order to improve their efficiency and to better manage their resources. For instance, it provided purchase services, assembling of component and parts, kitting, and using of packing materials for a global wind turbine company.
Business area of the company
The company is an Indian supply chain logistics solution provider that has global capabilities and network across the value chain with cross deployment abilities.
Services of the company
Integrated Supply Chain Solutions
Network solutions
Awards, accreditations or recognitions
History and milestone
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