Buy TVS Motor Company; target of Rs 581: Motilal Oswal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Motilal Oswal's research report on TVS Motor Company

Total volumes grew 2% YoY (-6.3% QoQ) to 673.6k units. Realizations declined marginally by 0.3% YoY (+1.7% QoQ) to INR 42.2k. Net sales grew 1.7% YoY (-4.7% QoQ) to INR 28.5b. Reported EBITDA margin shrunk 140bp YoY (160bp QoQ) to 5.7% (est. of 6.7%).

Outlook

The stock trades at 30.1x/18.8x FY18E/FY19E EPS. Maintain Buy with a TP of INR 581 (20x FY19E EPS + INR 46/share for value in NBFC investment post 20% Hold Co discount).

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More