TVS Supply Chain Solutions Ltd. (TVSSCS) AI Stock Analysis

• Market Cap: ₹42.64B
• Dividend Yield: N/A
• Average Volume (3M): 43.38K
• Price to Earnings (P/E): 75.3
• Beta (1Y): 1.27
• Revenue Growth: 5.13%
• EPS Growth: 90.30%
• Country: IN
• Employees: 17,055
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.40
• Shares Outstanding: 441,180,020
• 10 Day Avg. Volume: 54,404
• 30 Day Avg. Volume: 43,375
• PEG Ratio: 4.69
• Price to Book (P/B): 3.08
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 11.16
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.2
• Revenue Forecast (FY): ₹107.98B

• Rating: 47 Neutral
• Price Target: ₹95.00 ▼(-14.91% Downside)

The overall stock score of 47 reflects significant challenges. Financial performance is mixed with positive cash flow trends but ongoing profitability and leverage issues. Technical analysis indicates bearish momentum, and valuation metrics suggest overvaluation. These factors collectively contribute to a cautious outlook.

Positive Factors

Free Cash Flow Strength

Material free cash flow growth and a positive operating-cash-flow-to-net-income ratio indicate the business converts revenue into cash reliably. Durable cash generation strengthens liquidity, funds working capital and capex, and provides leeway for deleveraging or strategic investments over months.

Revenue Growth Trend

Consistent top-line growth (~8.7% year) reflects sustained customer demand for outsourced logistics. Over a 2–6 month horizon this supports utilization gains, scale economics, and the potential to translate volume into higher absolute margins if operational efficiency continues to improve.

Diversified End-to-End Business Model

Broad service mix (transportation, warehousing, fulfillment, managed services) creates multiple revenue streams and cross-sell opportunities, reducing customer concentration. Long-term contracts and integrated solutions raise switching costs and improve resilience to sector-specific downturns.

Negative Factors

Persistent Negative Returns

Negative ROE driven by ongoing net losses signals the company is not generating shareholder value. Sustained losses erode equity, limit reinvestment capacity and may necessitate external funding, constraining strategic options and making recovery dependent on a durable return-to-profitability plan.

Weak Profitability and Margin Pressure

Declining EBIT margin and persistently negative net margins show core operations face cost or pricing pressure. If margins remain compressed, it limits the company's ability to translate revenue growth into sustainable profits and to self-fund growth or reduce leverage over the medium term.

Elevated Leverage

A debt-to-equity ratio near 1.16 represents meaningful financial leverage for a business with negative earnings. High leverage increases interest and refinancing risk, reduces financial flexibility for investments or downturns, and amplifies risk until profitability and cash flows strengthen.

TVS Supply Chain Solutions Ltd. Business Overview & Revenue Model

Company Description

TVS Supply Chain Solutions Limited provides integrated supply chain solutions in India. The company's integrated end-to-end supply chain solutions include sourcing and procurement, logistics operation, in-plant logistics, finished goods warehousing, and aftermarket or service parts warehousing solutions; integrated transportation solutions, such as delivery, and customers' documentation and compliance, as well as sea, air, road, and multi-modal transportation solutions; and consultancy and professional services. Its network solutions comprise global forwarding solutions, such as air freight, ocean freight, land freight, and project forwarding solutions; and time critical final mile solutions, including closed loop logistics and support solutions comprising forwarding stock locations, pick-up and drop-off, in-boot delivery, and engineering support solutions, as well as courier and consignment management solutions. The company also engages in the purchase and sale of automotive supply parts and other technical components; repair of computers and peripheral units, and electrical equipment; trading of tires and accessories; leasing of packing assets; real estate management and leasing, and postal activities; and provision of contract packaging and reverse logistics services to the corporates, consultation services for business and management matters, sequencing and sub-assembly services, consolidator services agency services, and IT services, as well as outsourced inventory management and logistics services to the automotive, utilities and smart metering, beverage, rail, industrial, and defense sectors.TVS Supply Chain Solutions Limited was formerly known as TVS Logistics Services Limited and changed its name to TVS Supply Chain Solutions Limited in November 2019. The company was incorporated in 2004 and is headquartered in Chennai, India.

How the Company Makes Money

TVS Supply Chain Solutions Ltd. generates revenue primarily through its diverse service offerings in supply chain management. Key revenue streams include logistics services, where the company charges clients for transportation and distribution of goods; warehousing services, which involve storage and management of inventory for businesses; and value-added services, such as packaging and assembly. Additionally, TVSSCS partners with various industries to provide tailored solutions, enhancing its market presence and driving growth. The company's strategic alliances with technology providers also contribute to its earnings by enabling advanced analytics and operational efficiencies.

TVS Supply Chain Solutions Ltd. Financial Statement Overview

Summary

TVS Supply Chain Solutions Ltd. shows a mixed financial profile. Revenue growth and cash flow improvements are positive, but persistent losses and high leverage remain concerns. The company needs to address profitability and leverage to enhance financial health.

Income Statement

TVS Supply Chain Solutions Ltd. shows mixed performance in its income statement. The revenue growth rate from 2024 to 2025 is approximately 8.65%, indicating a positive trend. However, the company has struggled with profitability, as evidenced by a persistent negative net income over the years. Gross profit margin improved slightly from 8.31% in 2024 to 10.77% in 2025, but the net profit margin remains negative. The EBIT margin decreased from 2.02% in 2024 to 1.43% in 2025, showing challenges in operational efficiency.

Balance Sheet

The balance sheet shows a moderate financial position. The debt-to-equity ratio remains high, indicating leverage concerns, with a ratio of approximately 1.16 in 2025. However, the equity ratio improved to 31.29% from 2024's 31.12%, showing a slight increase in equity stability. Return on equity remains negative due to negative net income, highlighting challenges in generating shareholder value.

Cash Flow

The cash flow statement reflects strong cash management. The operating cash flow to net income ratio is positive, indicating efficient cash conversion. Free cash flow grew significantly from 2024 to 2025, a positive sign for liquidity. The free cash flow to net income ratio is robust, suggesting good cash generation capabilities despite profitability issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	100.49B	99.96B	91.99B	99.73B	92.48B	69.29B
Gross Profit	11.12B	8.95B	7.64B	7.76B	53.10B	34.42B
EBITDA	5.40B	7.30B	7.00B	7.18B	6.11B	4.79B
Net Income	502.90M	-135.90M	-1.01B	398.10M	-491.02M	-743.41M
Balance Sheet
Total Assets	0.00	57.58B	58.29B	62.11B	57.90B	49.90B
Cash, Cash Equivalents and Short-Term Investments	6.12B	6.21B	5.97B	11.74B	10.06B	5.82B
Total Debt	0.00	20.88B	21.99B	33.24B	29.54B	27.34B
Total Liabilities	-18.36B	39.22B	39.85B	54.51B	50.36B	44.59B
Stockholders Equity	18.36B	18.02B	18.15B	7.24B	7.14B	4.91B
Cash Flow
Free Cash Flow	0.00	4.97B	40.30M	5.88B	5.05B	5.96B
Operating Cash Flow	0.00	6.72B	1.28B	7.34B	6.21B	7.12B
Investing Cash Flow	0.00	-1.47B	-1.22B	-2.33B	-3.81B	633.77M
Financing Cash Flow	0.00	-4.95B	-5.92B	-4.19B	2.17B	-11.67B

TVS Supply Chain Solutions Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 111.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSSCS, the sentiment is Negative. The current price of 111.65 is above the 20-day moving average (MA) of 102.75, above the 50-day MA of 105.76, and below the 200-day MA of 122.67, indicating a bearish trend. The MACD of -3.51 indicates Positive momentum. The RSI at 37.86 is Neutral, neither overbought nor oversold. The STOCH value of 50.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVSSCS.

TVS Supply Chain Solutions Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRLLOG	73 Outperform	₹47.35B	20.27	―	2.79%	4.74%	176.63%
TCI	70 Outperform	₹81.15B	18.66	―	0.94%	9.97%	16.28%
TCIEXP	63 Neutral	₹20.73B	25.28	―	1.37%	-2.79%	-26.28%
ALLCARGO	62 Neutral	₹15.61B	-9.59	―	19.52%	-15.70%	-343.97%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
TVSSCS	47 Neutral	₹42.64B	75.32	―	―	5.13%	90.30%
SPICEJET	41 Neutral	₹32.15B	-6.97	―	―	-26.46%	46.14%

TVS Supply Chain Solutions Ltd. Corporate Events

TVS Supply Chain Solutions Subsidiary to Acquire Swamy & Sons 3PL to Bolster FMCG Logistics Leadership

TVS Supply Chain Solutions Limited has announced that its wholly owned subsidiary, FIT 3PL Warehousing Private Limited, has executed definitive agreements to acquire 100% of the equity share capital of Swamy & Sons 3PL Private Limited through a mix of primary and secondary share purchases. The company has released an investor presentation detailing this strategic acquisition, which is aimed at strengthening its leadership in the FMCG supply chain segment in India and is expected to enhance its operational capabilities and competitive positioning in the domestic logistics market.

TVS Supply Chain Solutions Faces Tax Order from Madhya Pradesh Authority

TVS Supply Chain Solutions Ltd. has disclosed an order from the Madhya Pradesh State Tax Authority regarding alleged short payment of outward liability and ineligible credit for the fiscal year 2018-19, amounting to a tax demand of ₹37,18,182, with additional interest and penalties. The company stated that this tax demand is not expected to materially impact its financials or operations and plans to file an appropriate response and appeal the order within the prescribed timelines.

TVS Supply Chain Solutions Boosts Investment in Subsidiary for Expansion

TVS Supply Chain Solutions Ltd. announced a strategic investment of up to ₹100 Crores in its wholly owned subsidiary, FIT 3PL Warehousing Private Limited, to support business expansion. This investment is expected to drive revenue and profit growth, strengthening TVS SCS’s position in the logistics industry by enhancing its operational capabilities and market reach.

TVS Supply Chain Solutions Initiates Legal Action Over Outstanding Dues

TVS Supply Chain Solutions Ltd. has initiated litigation against ZTE Telecom India Pvt. Ltd. at the National Company Law Appellate Tribunal in New Delhi. The dispute involves operational dues of approximately ₹5.03 crore, which TVS claims are outstanding despite partial payments received for services rendered under a business arrangement. This legal action could impact TVS’s financial recovery efforts and its business relationship with ZTE Telecom.