TVS Motor Company Limited (IN:TVSMOTOR)
:TVSMOTOR
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TVS Motor Company Limited
(TVSMOTOR)
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Rating:49Neutral
Price Target:
₹3,443.00
▼(-8.03% Downside)
Action:Reiterated
Date:05/15/26
The score is held back mainly by balance-sheet leverage and inconsistent cash generation (including negative latest-year free cash flow), despite strong revenue growth and solid profitability. Technicals are currently weak with the stock trading below major moving averages and negative MACD, and valuation is stretched with a high P/E and low yield.
Positive Factors
Multi-year Revenue Growth
Sustained revenue growth over multiple years indicates expanding unit volumes and market penetration, supporting scale advantages across manufacturing, procurement and distribution. This durable top-line momentum underpins long-term investment capacity and helps absorb cyclical shocks in auto demand.
Negative Factors
High and Persistent Leverage
Debt levels of ~3–4x equity materially increase financial risk and sensitivity to interest rates and demand cycles. Elevated leverage constrains strategic flexibility, raises refinancing and interest costs, and limits capacity to fund capex or absorb prolonged downturns without weakening credit metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Sustained revenue growth over multiple years indicates expanding unit volumes and market penetration, supporting scale advantages across manufacturing, procurement and distribution. This durable top-line momentum underpins long-term investment capacity and helps absorb cyclical shocks in auto demand.
Read all positive factors
TVS Motor Company Limited (TVSMOTOR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.62T
Dividend Yield0.27%
Average Volume (3M)25.63K
Price to Earnings (P/E)52.9
Beta (1Y)1.64
Revenue Growth26.32%
EPS Growth35.09%
CountryIN
Employees5,980
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)54.92
Shares Outstanding475,087,130
10 Day Avg. Volume13,725
30 Day Avg. Volume25,634
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)16.71
Price to Sales (P/S)2.85
P/FCF Ratio-101.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,440.00Price Target Upside18.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)91.05
Revenue Forecast (FY)₹545.09B
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 Servic...
How the Company Makes Money
TVS Motor primarily makes money by selling vehicles and related automotive products. Its main revenue stream is the sale of two-wheelers (motorcycles and scooters) and three-wheelers through domestic dealers and export/distributor channels; revenu...
TVS Motor Company Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
49
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 488.35B | 560.70B | 441.34B | 388.64B | 320.92B | 243.68B |
| Gross Profit | 175.20B | 155.26B | 171.32B | 144.04B | 110.96B | 80.09B |
| EBITDA | 71.00B | 83.93B | 62.82B | 52.15B | 38.98B | 25.66B |
| Net Income | 26.20B | 30.18B | 22.36B | 16.86B | 13.29B | 7.57B |
Balance Sheet | ||||||
| Total Assets | 519.27B | 565.01B | 479.37B | 422.20B | 352.33B | 270.72B |
| Cash, Cash Equivalents and Short-Term Investments | 53.32B | 50.21B | 46.39B | 25.46B | 20.64B | 15.93B |
| Total Debt | 315.89B | 327.91B | 286.09B | 260.06B | 223.76B | 158.27B |
| Total Liabilities | 427.99B | 457.88B | 384.95B | 347.09B | 293.23B | 220.19B |
| Stockholders Equity | 81.16B | 95.64B | 85.03B | 67.84B | 55.05B | 43.99B |
Cash Flow | ||||||
| Free Cash Flow | -1.82B | -15.76B | 10.25B | -23.98B | -57.46B | -25.45B |
| Operating Cash Flow | 13.90B | 16.59B | 35.03B | -12.53B | -44.05B | -15.60B |
| Investing Cash Flow | -15.81B | -29.78B | -28.99B | -10.01B | -13.08B | -14.86B |
| Financing Cash Flow | 7.95B | 11.30B | 11.55B | 27.59B | 61.18B | 29.18B |
TVS Motor Company Limited Technical Analysis
Negative
3743.60
Price Trends
3537.99
Negative
3639.47
Negative
3526.57
Negative
Market Momentum
-62.35
Positive
43.89
Neutral
35.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSMOTOR, the sentiment is Negative. The current price of 3743.6 is above the 20-day moving average (MA) of 3499.12, above the 50-day MA of 3537.99, and above the 200-day MA of 3526.57, indicating a bearish trend. The MACD of -62.35 indicates Positive momentum. The RSI at 43.89 is Neutral, neither overbought nor oversold. The STOCH value of 35.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVSMOTOR.
TVS Motor Company Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹993.53B | 17.64 | ― | 2.90% | 15.85% | 31.09% | |
70 Outperform | ₹2.95T | 22.81 | ― | 2.31% | 23.36% | 46.63% | |
64 Neutral | ₹382.63B | 32.72 | ― | 0.38% | 26.25% | 13.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ₹1.50T | 28.77 | ― | 0.91% | 2.50% | -3.70% | |
49 Neutral | ₹1.62T | 52.95 | ― | 0.27% | 26.32% | 35.09% |
* Consumer Cyclical Sector Average
IN:TVSMOTOR
TVS Motor Company Limited
3,417.60
652.12
23.58%
IN:BAJAJ.AUTO
Bajaj Auto Limited
10,546.80
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20.78%
IN:ENDURANCE
Endurance Technologies Ltd.
2,720.20
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IN:HEROMOTOCO
Hero Motocorp Limited
4,965.35
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17.91%
IN:HYUNDAI
Hyundai Motor India Limited
1,848.80
-21.38
-1.14%
TVS Motor Company Limited Corporate Events
TVS Motor Accelerates African Push with Multi-Product Launch in Zambia
Apr 20, 2026
TVS Motor Company has formally entered the Zambian market as part of its broader African expansion strategy, appointing Zamoto Manufacturing Limited as its official distributor to build a nationwide network for sales, service, and spare parts. The...
TVS Motor Raises Stake in Loss-Making Subsidiary DriveX to 92.41%
Apr 16, 2026
TVS Motor Company has increased its shareholding in its subsidiary DriveX Mobility Private Limited to 92.41% from 87.38%, consolidating greater control over the two-wheeler trading and distribution business. DriveX reported a turnover of Rs. 59.97...
TVS Motor Gains NSE, BSE Nod to List 190 Crore Preference Shares
Mar 6, 2026
TVS Motor Company Limited has received listing and trading approvals from the National Stock Exchange of India and BSE for 190,03,48,456 6% cumulative non-convertible redeemable preference shares of ₹10 each, issued under a court-sanctioned ...
TVS Motor’s February Sales Jump 31% on Broad-Based Growth and Record Exports
Mar 1, 2026
TVS Motor Company reported robust performance in February 2026, with total monthly sales rising 31% year-on-year to 529,308 units, driven by broad-based growth across product categories. Two-wheeler sales climbed 30% to 507,862 units, including a ...
TVS Motor Re-Enters South Africa With Seven-Model Launch and Bidvest-Backed Partnership
Feb 26, 2026
TVS Motor Company has announced its official re-entry into the South African market, partnering with The Nexus Collective, a Bidvest-backed distributorship, to bolster its regional presence. The move aligns with TVS Motor’s strategy to deepe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.