TVS Holdings Limited
₹12,190.45+₹375.40 (+3.2%)
Last close · Data as of Oct 29, 2026
- Market cap
- ₹28,739 Cr
- P/E
- 80.1x
- EV / EBITDA
- 53.4x
- Revenue
- ₹638 Cr
- Net margin
- 21.1%
- ROCE
- 17.0%
Price chart
Technical chartScreen technicals →-20.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -0.9%
- 3M
- -17.6%
- 6M
- -16.6%
- 1Y
- -20.4%
- 5Y
- +277.1%
52-week range
Day change +₹375.40 (+3.2%) from ₹11,815 to ₹12,190 · Last close Oct 29, 2026
Best weekday to invest, historically
The same weekly amount in TVSHLTD, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 37.5%
Concerns1
- Valuation elevated — PE of 80.1x is 74% above peer average of 45.9x
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Financial Services
- Shares outstanding
- 2.0 Cr shares
- ISIN
- INE105A01035
- BSE code
- 520056
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹28,739 Cr
- P/E
- 80.1x
- P/B
- 17.5x
- EV / EBITDA
- 53.4x
- EV / Sales
- 18.2x
- P/S
- 17.9x
- Earnings yield
- 1.2%
- 52-week high
- ₹15,721.65
- 52-week low
- ₹10,883.55
Profitability
- Operating margin
- 31.9%
- Net margin
- 21.1%
- EBITDA margin
- 34.0%
- ROE
- 21.8%
- ROCE
- 17.0%
- ROA
- 14.0%
- Dividend payout
- 56.0%
- Tax rate
- 17.0%
- Other income, % of PBT
- 8.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹638 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -60.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹547 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 37.5%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹595 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹126 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -43.5%
Solvency and efficiency
- Current ratio
- 5.79
- Debt / Assets
- 0.23
- Debt / EBITDA
- 1.01
- Financial leverage
- 1.67
- CFO / Net profit
- 1.76
- Cash / Market cap
- 1.5%
- Cash per share
- ₹212.30
- Asset turnover
- 0.67
- Fixed asset turnover
- 114.86
- Capital intensity
- 0.01
- Debtor days
- 6 days
- Cash conversion cycle
- -30 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹55 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹168 Cr |
| Sales | Operating profit | ₹470 Cr |
| Operating profit | Interest | ₹63 Cr |
| Operating profit | Depreciation | ₹2 Cr |
| Operating profit | Profit before tax | ₹405 Cr |
| Other income | Profit before tax | ₹6 Cr |
| Profit before tax | Tax and other | ₹58 Cr |
| Profit before tax | Net profit | ₹352 Cr |
Revenue and net profit
Revenue fell 60.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,177 Cr | ₹76 Cr |
| FY2022 | ₹1,834 Cr | ₹2,277 Cr |
| FY2023 | ₹2,198 Cr | ₹273 Cr |
| FY2024 | ₹1,608 Cr | ₹339 Cr |
| FY2025 | ₹638 Cr | ₹352 Cr |
Cash flows
FY2025: ₹105 Cr from operations, -₹86.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹125 Cr | ₹80 Cr |
| FY2022 | ₹65 Cr | -₹41 Cr |
| FY2023 | ₹528 Cr | ₹286 Cr |
| FY2024 | ₹595 Cr | ₹2,561 Cr |
| FY2025 | ₹105 Cr | -₹86 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹638 Cr-60.3%1Y
- Net profit
- ₹352 Cr+3.8%1Y
- Cash from operations
- ₹105 Cr
- Free cash flow
- -₹86 Cr-103.4%1Y
- Revenue CAGR, 5Y
- 4.0%
- EBITDA CAGR, 5Y
- 20.2%
- Net profit CAGR, 5Y
- 37.5%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹638 Cr | ₹470 Cr | — | ₹352 Cr | ₹105 Cr | -₹86 Cr | 21.8% | -60.3% | +3.8% |
Monthly returns
Month-by-month returns of TVSHLTD across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,766 Cr |
| Equity capital | ₹10 Cr |
| Reserves | ₹1,601 Cr |
| Borrowings | ₹945 Cr |
| Other liabilities | ₹210 Cr |
| Assets | ₹2,766 Cr |
| Fixed assets | ₹10 Cr |
| Capital work in progress | ₹4 Cr |
| Investments | ₹2,268 Cr |
| Other assets | ₹485 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TVSHLTD trades at 80.1x earnings against a peer median of 26.9x (a 198% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| TVS Holdings LimitedTVSHLTDthis companyP/E ↑ premium | ₹28,739 Cr | 80.1x | 17.5x | 21.8% | 53.4x |
| Go Digit General Insurance LimitedGODIGIT | ₹31,319 Cr | 61.6x | 6.8x | 9.9% | 157.7x |
| Lic Housing Finance Ltd.LICHSGFIN | ₹28,667 Cr | 5.2x | 0.7x | 15.0% | — |
| IIFL FINANCE LIMITEDIIFL | ₹27,083 Cr | 68.1x | 3.9x | -6.3% | — |
| Star Health and Allied Insurance Company LimitedSTARHEALTH | ₹26,410 Cr | 49.5x | 3.5x | 9.2% | 22.3x |
| Anand Rathi Wealth LimitedANANDRATHI | ₹26,202 Cr | 72.4x | 31.5x | 42.0% | 81.7x |
| Manappuram Finance LimitedMANAPPURAM | ₹26,070 Cr | 15.9x | 2.1x | 15.1% | — |
| Nuvama Wealth Management LimitedNUVAMA | ₹25,811 Cr | 51.4x | 12.9x | 30.9% | 103.2x |
| PNB Housing Finance LimitedPNBHOUSING | ₹25,224 Cr | 11.5x | 1.4x | 11.6% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
TVSHLTD since 1 January, against earlier years.
Historical volatility
TVSHLTD's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 13.0% |
| FY2022 | 18.0% |
| FY2023 | 17.0% |
| FY2024 | 32.0% |
| FY2025 | 74.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹638 Cr |
| Costs | |
| Interest | ₹63 Cr |
| Expenses | ₹169 Cr |
| Operating profitOperating Profit | ₹470 Cr |
| Other income and charges | |
| Profit before tax | ₹410 Cr |
| Tax | |
| Net profitNet Profit | ₹352 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,766 Cr |
| Equity capitalEquity Capital | ₹10 Cr |
| Reserves | ₹1,601 Cr |
| Borrowings | ₹945 Cr |
| Other liabilitiesOther Liabilities | ₹210 Cr |
| AssetsTotal Assets | ₹2,766 Cr |
| Fixed assetsFixed Assets | ₹10 Cr |
| Capital work in progressCWIP | ₹4 Cr |
| Investments | ₹2,268 Cr |
| Other assetsOther Assets | ₹485 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹105 Cr |
| Investing cash flowCash from Investing Activity | -₹191 Cr |
| Financing cash flowCash from Financing Activity | ₹211 Cr |
| Change in cashNet Cash Flow | ₹126 Cr |
Learn while you research
Academy chapters picked for TVS Holdings Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 80.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read