TVS Motor Company Limited (TVSMOTOR) AI Stock Analysis

• Market Cap: ₹1.79T
• Dividend Yield: 0.27%
• Average Volume (3M): 25.63K
• Price to Earnings (P/E): 68.2
• Beta (1Y): 1.67
• Revenue Growth: 16.89%
• EPS Growth: 38.92%
• Country: IN
• Employees: 5,980
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 19.10
• Shares Outstanding: 475,087,130
• 10 Day Avg. Volume: 13,725
• 30 Day Avg. Volume: 25,634
• PEG Ratio: 1.58
• Price to Book (P/B): 13.64
• Price to Sales (P/S): 2.63
• P/FCF Ratio: 113.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹3,737.00
• Price Target Upside: -0.69% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹3,893.00 ▲(3.46% Upside)

TVS Motor Company's strong financial performance and bullish technical indicators are offset by high valuation concerns and potential risks from high leverage. The stock's overbought technical indicators suggest caution in the short term.

Positive Factors

Revenue Growth

Consistent revenue growth reflects the company's ability to expand its market reach and adapt to consumer needs, ensuring long-term business sustainability.

Profitability

Improving profit margins indicate strong cost control and operational efficiency, enhancing the company's financial health and competitive position.

Cash Flow Improvement

Positive cash flow trends demonstrate better cash management, providing the company with the flexibility to invest in growth opportunities and manage debt.

Negative Factors

High Leverage

High leverage can increase financial risk, especially in volatile markets, potentially impacting the company's ability to finance operations and growth.

Equity Ratio

A low equity ratio indicates dependency on debt, which could limit financial flexibility and increase vulnerability to economic downturns.

Cash Efficiency

Suboptimal cash conversion efficiency may hinder the company's ability to reinvest in its business, affecting long-term growth prospects and financial resilience.

TVS Motor Company Limited Business Overview & Revenue Model

Company Description

TVS Motor Company Limited, together with its subsidiaries, manufactures and sells automotive vehicles and components, spare parts, and accessories in India. It operates through Automotive Vehicles and Parts, Automotive Components, Financial Services, and Others segments. The company offers motorcycles under the Apache, Radeon, Raider, StaR City+, and Sport brand names; scooters under the Ntorq, Jupiter, Zest 110, and Scooty Pep+ brands; mopeds under the XL 100, XL 100 Comfort, XL100 Heavy Duty, XL 100 Comfort i-TOUCH start, and XL 100 Heavy Duty i-TOUCH start brand names; electric vehicles under the TVS iQUBE brand; and three wheelers under the TVS King brand name. It also provides e-mobility solutions under the Cilo, Simpel, Allegro, and Zenith-Bikes brands; and financing for two-wheelers. The company operates in the Middle East, Africa, Southeast Asia, and Latin and Central America. It distributes its products through a network of authorized dealers. The company was incorporated in 1992 and is based in Chennai, India. TVS Motor Company Limited is a subsidiary of Sundaram-Clayton Limited.

How the Company Makes Money

TVS Motor Company generates revenue primarily through the sale of two-wheelers and three-wheelers. The company offers a range of products catering to various segments, from entry-level scooters to premium motorcycles, which helps capture a broad customer base. Key revenue streams include the sale of vehicles, spare parts, and accessories. Additionally, the company has ventured into electric vehicles, which presents a growing source of income in line with market trends towards sustainability. TVSMOTOR also benefits from strategic partnerships with suppliers and distributors, enhancing its market reach and operational efficiency. Furthermore, export operations contribute significantly to its earnings, as the company continues to expand its footprint in international markets.

TVS Motor Company Limited Financial Statement Overview

Summary

TVS Motor Company shows strong revenue and profit growth with effective operational management. However, the high leverage on the balance sheet poses a potential risk, and while cash flow has improved, there is room for better cash efficiency.

Income Statement

TVS Motor Company has shown impressive revenue growth with a steady increase over the years, reaching 440.89 billion in the latest period, a significant improvement from prior years. The Gross Profit Margin has improved to 39.38%, indicating strong control over production costs. Net Profit Margin is at 5.07%, which is modest but shows a consistent upward trend. The EBIT and EBITDA margins are healthy at 12.71% and 15.07%, respectively, reflecting efficient operational management. Overall, the income statement reflects strong growth and profitability.

Balance Sheet

The balance sheet presents a mixed picture. The company has a high Debt-to-Equity ratio of 3.36, indicating significant leverage, which could be risky in volatile markets. However, Return on Equity is strong at 26.28%, demonstrating effective use of equity. The Equity Ratio is relatively low at 17.74%, suggesting a higher reliance on debt financing. The company's ability to generate returns is commendable, but the high leverage poses a potential risk.

Cash Flow

TVS Motor Company has shown improvement in operating cash flow, recovering from previous negative figures to 35.03 billion. Free Cash Flow has turned positive at 10.25 billion, indicating better cash management. However, the Operating Cash Flow to Net Income ratio is 1.57, and the Free Cash Flow to Net Income ratio is 0.46, indicating room for improvement in converting profits to cash. The cash flow statement shows progress but still faces challenges in achieving optimal cash efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	461.09B	441.34B	388.64B	320.92B	243.68B	194.54B
Gross Profit	180.51B	171.32B	144.04B	110.96B	80.09B	64.36B
EBITDA	66.51B	62.82B	52.15B	38.98B	25.66B	21.76B
Net Income	23.85B	22.36B	16.86B	13.29B	7.57B	5.94B
Balance Sheet
Total Assets	0.00	479.37B	422.20B	352.33B	270.72B	219.93B
Cash, Cash Equivalents and Short-Term Investments	46.37B	46.39B	25.46B	20.64B	15.93B	15.74B
Total Debt	0.00	286.09B	260.06B	223.76B	158.27B	121.79B
Total Liabilities	-94.42B	384.95B	347.09B	293.23B	220.19B	177.78B
Stockholders Equity	94.42B	85.03B	67.84B	55.05B	43.99B	38.27B
Cash Flow
Free Cash Flow	0.00	10.25B	-23.98B	-57.46B	-25.45B	2.23B
Operating Cash Flow	0.00	35.03B	-12.53B	-44.05B	-15.60B	11.51B
Investing Cash Flow	0.00	-28.99B	-10.01B	-13.08B	-14.86B	-8.82B
Financing Cash Flow	0.00	11.55B	27.59B	61.18B	29.18B	2.63B

TVS Motor Company Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3762.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSMOTOR, the sentiment is Positive. The current price of 3762.95 is above the 20-day moving average (MA) of 3694.37, above the 50-day MA of 3588.69, and above the 200-day MA of 3130.45, indicating a bullish trend. The MACD of 69.59 indicates Negative momentum. The RSI at 65.89 is Neutral, neither overbought nor oversold. The STOCH value of 85.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TVSMOTOR.

TVS Motor Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEROMOTOCO	72 Outperform	₹1.16T	21.86	―	2.90%	5.18%	27.60%
HYUNDAI	65 Neutral	₹1.84T	32.19	―	0.91%	-0.35%	-4.21%
BAJAJ.AUTO	64 Neutral	₹2.67T	32.04	―	2.31%	11.83%	13.79%
TVSMOTOR	63 Neutral	₹1.79T	68.19	―	0.27%	16.89%	38.92%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
TATAMOTORS	60 Neutral	₹1.30T	1.39	―	1.00%	-6.87%	193.82%
ENDURANCE	59 Neutral	₹369.18B	41.80	―	0.38%	15.84%	14.80%

TVS Motor Company Limited Corporate Events

TVS Motor Company Appoints New Independent Director

TVS Motor Company Limited has announced a change in its board of directors, appointing Ms. Kalpana Unadkat as an Additional Director and Non-Executive Independent Director for a five-year term starting December 15, 2025, pending shareholder approval. This strategic appointment is part of TVS Motor’s ongoing efforts to enhance its governance structure and bring diverse expertise to its leadership team, potentially strengthening its market position and stakeholder confidence.

TVS Motor Company Unveils Innovations at MotoSoul 5.0

On Day 2 of TVS MotoSoul 5.0, TVS Motor Company unveiled several initiatives, including the Aegis Rider Vision Helmet, a next-generation AR-enabled HUD helmet for enhanced rider safety. The company also announced a partnership with MT Helmets to introduce ECE-certified helmets in India and launched the TVS Racing Offroad Training Academy to develop off-road riding skills. These initiatives highlight TVS’s commitment to safety, innovation, and rider experience, potentially strengthening its market position and offering new opportunities for stakeholders.

TVS Motor Company Achieves 30% Sales Growth in November 2025

TVS Motor Company reported a robust 30% increase in sales for November 2025, reaching 519,508 units compared to the previous year. This growth was driven by a 27% rise in two-wheeler sales, a 46% surge in electric vehicle sales, and a remarkable 147% increase in three-wheeler sales. The company also achieved its highest international sales, with a 58% growth, highlighting its expanding global footprint.

TVS Motor Schedules Analyst Meeting to Enhance Investor Engagement

TVS Motor Company Limited has scheduled a meeting with various fund houses and analysts at its factory premises in Hosur on November 28, 2025. This meeting, which is part of compliance with SEBI regulations, aims to engage with stakeholders without sharing any unpublished price-sensitive information, potentially strengthening investor relations and transparency.

TVS Motor Company Expands in Ghana with New Three-Wheeler Launch

TVS Motor Company has launched a new range of three-wheelers, the TVS King Deluxe Plus and TVS King Deluxe Plus XL, in Ghana. These models feature enhanced fuel capacity, tubeless tires, and a spacious passenger cabin, aiming to meet the growing demand for reliable and comfortable last-mile mobility in urban and semi-urban areas. The launch, in partnership with Arash Motors, is expected to expand TVS’s global presence and set new standards in the three-wheeler segment in Ghana.

TVS Motor Company to Divest Stake in Rapido

TVS Motor Company Limited has announced its decision to divest its shareholding in Roppen Transportation Services Private Limited, known as Rapido. The company has entered into share purchase agreements with Accel India VIII (Mauritius) Limited and MIH Investments One B.V. for the sale of Series D Compulsory Convertible Preference Shares and equity shares. This move is part of TVS Motor’s strategy to monetize its investment in Rapido, with the transaction’s consideration exceeding the materiality threshold as per regulatory requirements.

TVS Motor Reschedules Analyst Call for Q2FY26 Financial Discussion

TVS Motor Company Limited has announced a rescheduling of its analyst call to discuss the financial performance for the second quarter of the fiscal year 2026. The call, originally scheduled for earlier, will now take place at 5:00 PM IST on October 28, 2025. This adjustment is part of the company’s compliance with SEBI regulations and reflects its commitment to transparent communication with stakeholders.

Norton Motorcycles Unveils New Design Direction Under TVS Ownership

Norton Motorcycles, under the ownership of TVS Motor Company, has unveiled the first official design sketch of its upcoming flagship superbike as part of its Resurgence campaign. This new design direction, guided by Chief Creative Advisor Professor Gerry McGovern, marks a significant shift towards modernity and innovation for the brand, with a reimagined identity set to debut at EICMA in Milan later this year. The initiative highlights Norton’s commitment to blending its rich British heritage with contemporary design elements, aiming to enhance its market position and appeal to a broader audience.

TVS Motor Schedules Analyst Call to Discuss Q2 Financials

TVS Motor Company Limited has announced a scheduled conference call with B & K Securities to discuss its financial performance for the quarter ended September 30, 2025. The call, set for October 28, 2025, will feature key management representatives, including the CEO and CFO, and is expected to provide insights into the company’s operational strategies and financial health, potentially impacting investor perceptions and market positioning.