TVS Holdings Limited
TVS Holdings Limited provides automotive vehicles and parts in India and internationally. It offers two and three-wheelers; and mobility solutions through a portfolio of e-bikes, e-cargo bikes, and matching accessories. The company also provides unsecured loans; financing services for two wheelers, used cars, used and new tractors, used commercial vehicles, and consumer durables; and digital finance products, emerging and corporate business loans, and personal loans. In addition, it is involved in the procurement, refurbishment, and retailing of the pre-owned multi-brand two-wheeler motorcycles and scooters through its own stores, as well as through its franchisee dealers; and trading of spare parts, accessories, and engine oils for two-wheelers. Further, the company offers digital / information technology and other related services; and solutions across autotech and fintech platforms. Additionally, it engages in investment activities. The company was formerly known as Sundaram-Clayton Limited and changed its name to TVS Holdings Limited in July 2023. TVS Holdings Limited was incorporated in 1962 and is based in Chennai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, May has averaged the highest return (+12.4%); Mar the lowest (-8.6%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.8%Positive MonthJan 2026: +9.79% | -0.3%Neutral MonthFeb 2026: -0.30% | -7.5%Negative MonthMar 2026: -7.50% | +1.9%Neutral MonthApr 2026: +1.89% | -5.1%Negative MonthMay 2026: -5.15% | +1.3%Neutral MonthJun 2026: +1.27% | +7.9%*Positive MonthJul 2026: +7.94% | β | β | β | β | β |
| 2025 | -11.4%Negative MonthJan 2025: -11.44% | -12.9%Negative MonthFeb 2025: -12.90% | +5.3%Positive MonthMar 2025: +5.30% | +5.9%Positive MonthApr 2025: +5.88% | +30.3%Positive MonthMay 2025: +30.27% | -7.5%Negative MonthJun 2025: -7.47% | +4.4%Positive MonthJul 2025: +4.36% | +4.6%Positive MonthAug 2025: +4.58% | +6.5%Positive MonthSep 2025: +6.48% | +19.0%Positive MonthOct 2025: +19.03% | -5.2%Negative MonthNov 2025: -5.22% | -4.0%Negative MonthDec 2025: -4.04% |
| 2024 | +3.0%Positive MonthJan 2024: +2.99% | +13.4%Positive MonthFeb 2024: +13.44% | -10.0%Negative MonthMar 2024: -9.99% | +6.8%Positive MonthApr 2024: +6.76% | +32.1%Positive MonthMay 2024: +32.11% | +15.2%Positive MonthJun 2024: +15.21% | +3.8%Positive MonthJul 2024: +3.77% | +1.2%Neutral MonthAug 2024: +1.20% | +2.7%Positive MonthSep 2024: +2.69% | -13.7%Negative MonthOct 2024: -13.72% | -4.3%Negative MonthNov 2024: -4.32% | -10.4%Negative MonthDec 2024: -10.41% |
| 2023 | -5.5%Negative MonthJan 2023: -5.46% | +2.6%Positive MonthFeb 2023: +2.59% | -22.3%Negative MonthMar 2023: -22.34% | +6.6%Positive MonthApr 2023: +6.58% | +7.5%Positive MonthMay 2023: +7.46% | +8.1%Positive MonthJun 2023: +8.14% | +9.4%Positive MonthJul 2023: +9.44% | +19.7%Positive MonthAug 2023: +19.65% | +5.1%Positive MonthSep 2023: +5.07% | -0.6%Neutral MonthOct 2023: -0.56% | +11.5%Positive MonthNov 2023: +11.51% | +28.3%Positive MonthDec 2023: +28.32% |
| 2022 | +0.1%Neutral MonthJan 2022: +0.12% | +2.8%Positive MonthFeb 2022: +2.83% | -8.4%Negative MonthMar 2022: -8.36% | +6.9%Positive MonthApr 2022: +6.89% | -2.8%Negative MonthMay 2022: -2.79% | +17.6%Positive MonthJun 2022: +17.61% | +6.8%Positive MonthJul 2022: +6.84% | +0.5%Neutral MonthAug 2022: +0.55% | -2.4%Negative MonthSep 2022: -2.40% | +4.3%Positive MonthOct 2022: +4.25% | +13.2%Positive MonthNov 2022: +13.23% | -7.8%Negative MonthDec 2022: -7.76% |
| 2021 | β | β | β | β | β | +0.3%Neutral MonthJun 2021: +0.28% | +6.0%Positive MonthJul 2021: +5.99% | -0.3%Neutral MonthAug 2021: -0.35% | -6.0%Negative MonthSep 2021: -6.05% | +10.9%Positive MonthOct 2021: +10.91% | +17.6%Positive MonthNov 2021: +17.55% | -15.1%Negative MonthDec 2021: -15.07% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ638.00 Cr | β | βΉ352.00 Cr | β | β | 21.8% | -60.3% | 3.8% |
| Mar 2024 | βΉ1.61 K Cr | β | βΉ339.00 Cr | β | β | 23.4% | -26.8% | 24.2% |
| Mar 2023 | βΉ2.20 K Cr | β | βΉ273.00 Cr | β | β | 38.5% | 19.8% | -88.0% |
| Mar 2022 | βΉ1.83 K Cr | β | βΉ2.28 K Cr | β | β | 78.5% | 55.8% | 2896.1% |
| Mar 2021 | βΉ1.18 K Cr | β | βΉ76.00 Cr | β | β | 10.6% | -11.1% | 10.1% |
| Mar 2020 | βΉ1.32 K Cr | β | βΉ69.00 Cr | β | β | 11.6% | -27.8% | -42.5% |
| Mar 2019 | βΉ1.83 K Cr | β | βΉ120.00 Cr | β | β | 17.4% | 11.6% | 118.2% |
| Mar 2018 | βΉ1.64 K Cr | β | βΉ55.00 Cr | β | β | 8.3% | 17.8% | -48.1% |
| Mar 2017 | βΉ1.40 K Cr | β | βΉ106.00 Cr | β | β | 17.3% | -1.6% | -26.4% |
| Mar 2016 | βΉ1.42 K Cr | β | βΉ144.00 Cr | β | β | 28.6% | 5.3% | 102.8% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 1,197 | 1,346 | 1,418 | 1,395 | 1,643 | 1,833 | 1,324 | 1,177 | 1,834 | 2,198 | 1,608 | 638 | 556 |
| Total Expenses | 1,088 | 1,223 | 1,278 | 1,261 | 1,630 | 1,653 | 1,183 | 1,026 | 1,508 | 1,825 | 1,095 | 169 | 69 |
| EBIT / Operating Profit | 108 | 124 | 139 | 133 | 13 | 180 | 142 | 151 | 326 | 373 | 513 | 470 | 487 |
| OPM % | 9% | 9% | 10% | 10% | 1% | 10% | 11% | 13% | 18% | 17% | 32% | 74% | 88% |
| Other Income | 41 | 58 | 110 | 76 | 94 | 98 | 76 | 97 | 2,121 | 100 | 34 | 6 | 7 |
| Finance Costs | 36 | 37 | 32 | 29 | 34 | 55 | 55 | 48 | 45 | 46 | 99 | 63 | 76 |
| Depreciation & Amortisation | 53 | 60 | 55 | 61 | 73 | 92 | 93 | 78 | 102 | 100 | 38 | 2 | 2 |
| Profit Before Tax | 61 | 84 | 163 | 120 | 1 | 130 | 69 | 123 | 2,300 | 327 | 410 | 410 | 416 |
| Tax % | 12% | 16% | 11% | 12% | -6,438% | 8% | 1% | 38% | 1% | 16% | 17% | 14% | - |
| Net Profit / PAT | 54 | 71 | 144 | 106 | 55 | 120 | 69 | 76 | 2,277 | 273 | 339 | 352 | 359 |
| EPS (βΉ) | 26.56 | 35.23 | 71.50 | 52.27 | 27.19 | 59.24 | 34.01 | 37.54 | 1,127.07 | 135.20 | 167.69 | 174.34 | 177.64 |
| Dividend Payout % | 73% | 54% | 57% | 60% | 55% | 61% | 91% | 69% | 4% | 44% | 56% | 53% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| TVS Holdings Limitedthis co. | βΉ28.74 K Cr | βΉ638.00 Cr | 80.10 | 17.54 | 53.39 | -60.3% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
