TVS Motor Company Limited (TVSMOTOR) AI Stock Analysis

• Market Cap: ₹1.74T
• Dividend Yield: 0.28%
• Average Volume (3M): 25.63K
• Price to Earnings (P/E): 72.7
• Beta (1Y): 1.63
• Revenue Growth: 14.06%
• EPS Growth: 39.28%
• 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: 1.59
• Price to Book (P/B): 13.64
• Price to Sales (P/S): 2.66
• 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: ₹3,712.38
• Price Target Upside: 4.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 63 Neutral
• Price Target: ₹3,893.00 ▲(9.51% 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.

TVS Motor Company Limited Business Overview & Revenue Model

Company Description

TVS Motor Company Limited (TVSMOTOR) is one of India's leading two-wheeler and three-wheeler manufacturers, renowned for its innovative engineering and commitment to quality. Established in 1978, the company operates in the automotive sector, focusing on the design, manufacture, and sale of a wide range of vehicles, including motorcycles, scooters, and electric vehicles. With a strong presence both domestically and internationally, TVSMOTOR aims to meet diverse customer needs through its extensive product portfolio, which includes popular models like the TVS Apache series and TVS Jupiter.

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 exhibits strong revenue and profit growth, with impressive margin improvements. However, the high Debt-to-Equity ratio raises concerns about financial leverage. Cash flow shows progress but needs better conversion of profits to cash.

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: 3555.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 3555 is above the 20-day moving average (MA) of 3539.37, above the 50-day MA of 3454.61, and above the 200-day MA of 2827.88, indicating a bullish trend. The MACD of 52.79 indicates Positive momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 52.09 is Neutral, 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	―	₹1.12T	22.21	―	2.94%	3.30%	23.39%
ENDURANCE	―	₹408.82B	47.60	―	0.35%	13.54%	19.14%
TATAMOTORS	―	₹1.49T	7.01	―	0.88%	-1.08%	-34.23%
BAJAJ.AUTO	―	₹2.55T	33.65	―	2.32%	12.27%	-4.25%
TVSMOTOR	―	₹1.74T	72.73	―	0.28%	14.06%	39.28%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HYUNDAI	―	₹1.91T	34.55	―	0.91%	-2.62%	-11.26%

TVS Motor Company Limited Corporate Events

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.

TVS Motor Expands in Nepal with New Motorcycle Launches

TVS Motor Company has launched two new motorcycles, the TVS Apache RTR 160 2V Fi and TVS Raider iGo, in Nepal, aiming to enhance its market presence in the region. These models are designed to cater to performance enthusiasts and young, tech-savvy riders, featuring advanced technology and innovative design. The launch is expected to strengthen TVS’s position in the Nepali market, appealing to Gen Z riders and performance enthusiasts, supported by a robust sales and service network.

TVS Motor Company Achieves Record Sales in August 2025

TVS Motor Company achieved its highest ever sales in August 2025, crossing the five lakh unit milestone with a 30% growth compared to August 2024. The company saw significant growth across various segments, including a 36% increase in scooter sales and a 47% rise in three-wheeler sales. Despite challenges in electric vehicle production due to magnet availability, TVS Motor’s international business also flourished with a 35% increase in total exports, highlighting its strong market positioning and operational success.

TVS Motor Unveils TVS Orbiter: A Smart, Sustainable Urban EV

TVS Motor Company has launched the TVS Orbiter, a new electric scooter designed to redefine urban commuting in India. The Orbiter features several segment-firsts, including a 158 km IDC range, cruise control, and a spacious 34-litre boot space, along with advanced connected features. Priced at ₹99,900, it aims to enhance customer convenience and comfort with its industry-first 14” front wheel and superior aerodynamic efficiency. This launch signifies TVS Motor’s commitment to expanding its EV offerings and strengthening its position in the electric mobility market.

TVS Motor Company Concludes 33rd AGM with All Resolutions Approved

TVS Motor Company Limited announced the successful conclusion of its 33rd Annual General Meeting held on August 22, 2025, where all resolutions were approved by the shareholders with the requisite majority. The voting results and the scrutinizer’s report will be made available on the company’s website, reflecting the company’s commitment to transparency and regulatory compliance.

TVS Motor Expands Norton Motorcycle Operations to India

TVS Motor Company Limited has announced the incorporation of Norton Motorcycle Private Limited in India, a wholly owned subsidiary of its UK-based subsidiary, The Norton Motorcycle Co. Ltd. This strategic move aims to expand Norton’s business operations within India, marking a significant step in TVS Motor’s efforts to strengthen its presence in the Indian automotive market.

TVS Motor Company Announces Tribunal-Approved Scheme of Arrangement

TVS Motor Company Limited announced that the National Company Law Tribunal, Chennai Bench, has approved a Scheme of Arrangement between the company and its shareholders. This scheme involves issuing and allotting four fully paid-up preference shares of INR 10 each for every equity share held by shareholders. This move is expected to enhance shareholder value and reflects the company’s commitment to rewarding its investors.

TVS Motor Company Announces Virtual AGM for 2025

TVS Motor Company Limited has announced the details of its 33rd Annual General Meeting, scheduled for August 22, 2025, to be held via video conference. The announcement was made through newspaper advertisements in the ‘Financial Express’ and ‘Dinamani’, ensuring stakeholders are informed about the virtual meeting setup.