Shares of TVS Motor Company hit an all-time high of Rs 3,605.55 on the BSE in Tuesday's session, gaining over 0.4% from the previous close. At 9:15 am, the stock was trading at Rs 3,591.30. TVS Motor is a constituent of the NIFTY NEXT 50 index.
Financial Overview:
TVS Motor Company's financial performance shows consistent growth over the past few years. Here’s an overview of the company's consolidated financial results:
Consolidated Quarterly Performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 10,406.86 Crore | Rs 11,301.68 Crore | Rs 11,134.63 Crore | Rs 11,542.00 Crore | Rs 12,210.05 Crore |
| Net Profit | Rs 502.85 Crore | Rs 606.96 Crore | Rs 630.55 Crore | Rs 713.57 Crore | Rs 653.78 Crore |
| EPS | 9.70 | 11.80 | 11.91 | 13.64 | 12.84 |
The company has demonstrated robust revenue and net profit growth in the last five quarters. Revenue increased from Rs 10,406.86 Crore in June 2024 to Rs 12,210.05 Crore in June 2025. Similarly, net profit rose from Rs 502.85 Crore in June 2024 to Rs 653.78 Crore in June 2025.
Consolidated Yearly Performance:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 19,420.82 Crore | Rs 24,355.31 Crore | Rs 31,973.99 Crore | Rs 39,144.74 Crore | Rs 44,089.01 Crore |
| Net Profit | Rs 615.25 Crore | Rs 728.39 Crore | Rs 1,350.19 Crore | Rs 1,822.01 Crore | Rs 2,424.02 Crore |
| EPS | 12.51 | 15.93 | 27.97 | 35.50 | 47.05 |
| BVPS | 88.71 | 106.36 | 124.39 | 142.78 | 178.98 |
| ROE | 15.52 | 17.20 | 24.13 | 24.85 | 26.29 |
| Debt to Equity | 2.44 | 3.48 | 3.93 | 3.73 | 3.25 |
The annual figures reveal a consistent upward trajectory. Revenue increased from Rs 19,420.82 Crore in 2021 to Rs 44,089.01 Crore in 2025. Net profit also saw a substantial rise, from Rs 615.25 Crore in 2021 to Rs 2,424.02 Crore in 2025.The debt to equity ratio has fluctuated, reaching 3.25 in the year ending March 2025.
Consolidated Yearly Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 44,089 Crore | Rs 39,144 Crore | Rs 31,973 Crore | Rs 24,355 Crore | Rs 19,420 Crore |
| Other Income | Rs 69 Crore | Rs 105 Crore | Rs 138 Crore | Rs 32 Crore | Rs 47 Crore |
| Total Income | Rs 44,158 Crore | Rs 39,250 Crore | Rs 32,111 Crore | Rs 24,388 Crore | Rs 19,468 Crore |
| Total Expenditure | Rs 38,485 Crore | Rs 34,576 Crore | Rs 28,767 Crore | Rs 22,383 Crore | Rs 17,757 Crore |
| EBIT | Rs 5,672 Crore | Rs 4,674 Crore | Rs 3,344 Crore | Rs 2,004 Crore | Rs 1,710 Crore |
| Interest | Rs 2,093 Crore | Rs 1,927 Crore | Rs 1,367 Crore | Rs 940 Crore | Rs 881 Crore |
| Tax | Rs 1,155 Crore | Rs 924 Crore | Rs 626 Crore | Rs 335 Crore | Rs 214 Crore |
| Net Profit | Rs 2,424 Crore | Rs 1,822 Crore | Rs 1,350 Crore | Rs 728 Crore | Rs 615 Crore |
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 12,210 Crore | Rs 11,542 Crore | Rs 11,134 Crore | Rs 11,301 Crore | Rs 10,406 Crore |
| Other Income | Rs 39 Crore | Rs -68 Crore | Rs 65 Crore | Rs 32 Crore | Rs 40 Crore |
| Total Income | Rs 12,249 Crore | Rs 11,473 Crore | Rs 11,199 Crore | Rs 11,333 Crore | Rs 10,447 Crore |
| Total Expenditure | Rs 10,711 Crore | Rs 9,914 Crore | Rs 9,733 Crore | Rs 9,918 Crore | Rs 9,188 Crore |
| EBIT | Rs 1,538 Crore | Rs 1,570 Crore | Rs 1,466 Crore | Rs 1,415 Crore | Rs 1,259 Crore |
| Interest | Rs 550 Crore | Rs 550 Crore | Rs 539 Crore | Rs 509 Crore | Rs 502 Crore |
| Tax | Rs 334 Crore | Rs 306 Crore | Rs 296 Crore | Rs 299 Crore | Rs 253 Crore |
| Net Profit | Rs 653 Crore | Rs 713 Crore | Rs 630 Crore | Rs 606 Crore | Rs 502 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 3,502 Crore | Rs -1,252 Crore | Rs -4,404 Crore | Rs -1,560 Crore | Rs 1,151 Crore |
| Investing Activities | Rs -2,898 Crore | Rs -1,001 Crore | Rs -1,307 Crore | Rs -1,485 Crore | Rs -882 Crore |
| Financing Activities | Rs 1,155 Crore | Rs 2,758 Crore | Rs 6,118 Crore | Rs 2,918 Crore | Rs 252 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 1,759 Crore | Rs 504 Crore | Rs 405 Crore | Rs -128 Crore | Rs 521 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 47 Crore | Rs 47 Crore | Rs 47 Crore | Rs 47 Crore | Rs 47 Crore |
| Reserves & Surplus | Rs 8,455 Crore | Rs 6,736 Crore | Rs 5,457 Crore | Rs 4,351 Crore | Rs 3,779 Crore |
| Current Liabilities | Rs 23,173 Crore | Rs 21,078 Crore | Rs 19,218 Crore | Rs 13,851 Crore | Rs 10,908 Crore |
| Other Liabilities | Rs 16,259 Crore | Rs 14,358 Crore | Rs 10,509 Crore | Rs 8,820 Crore | Rs 7,257 Crore |
| Total Liabilities | Rs 47,936 Crore | Rs 42,220 Crore | Rs 35,232 Crore | Rs 27,072 Crore | Rs 21,992 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Fixed Assets | Rs 8,378 Crore | Rs 6,326 Crore | Rs 5,894 Crore | Rs 5,956 Crore | Rs 5,073 Crore |
| Current Assets | Rs 25,984 Crore | Rs 21,520 Crore | Rs 17,007 Crore | Rs 12,848 Crore | Rs 10,536 Crore |
| Other Assets | Rs 13,574 Crore | Rs 14,373 Crore | Rs 12,331 Crore | Rs 8,267 Crore | Rs 6,382 Crore |
| Total Assets | Rs 47,936 Crore | Rs 42,220 Crore | Rs 35,232 Crore | Rs 27,072 Crore | Rs 21,992 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Contingent Liabilities | Rs 878 Crore | Rs 1,158 Crore | Rs 707 Crore | Rs 716 Crore | Rs 629 Crore |
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 12.51 | 15.93 | 27.97 | 35.50 | 47.05 |
| Diluted Eps (Rs.) | 12.51 | 15.93 | 27.97 | 35.50 | 47.05 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 88.71 | 106.36 | 124.39 | 142.78 | 178.98 |
| Dividend/Share (Rs.) | 3.50 | 3.75 | 5.00 | 8.00 | 10.00 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 11.76 | 11.44 | 13.15 | 14.43 | 15.23 |
| Operating Margin (%) | 8.85 | 8.39 | 10.46 | 11.94 | 12.86 |
| Net Profit Margin (%) | 3.16 | 2.99 | 4.22 | 4.65 | 5.56 |
| Return on Networth / Equity (%) | 15.52 | 17.20 | 24.13 | 24.85 | 26.29 |
| ROCE (%) | 15.51 | 15.46 | 20.89 | 22.10 | 22.90 |
| Return On Assets (%) | 2.70 | 2.79 | 3.77 | 3.99 | 4.66 |
| Current Ratio (X) | 0.97 | 0.93 | 0.88 | 1.02 | 1.12 |
| Quick Ratio (X) | 0.84 | 0.81 | 0.78 | 0.91 | 1.02 |
| Debt to Equity (x) | 2.44 | 3.48 | 3.93 | 3.73 | 3.25 |
| Interest Coverage Ratios (X) | 1.95 | 2.96 | 3.07 | 2.93 | 3.21 |
| Asset Turnover Ratio (%) | 88.30 | 1.23 | 1.03 | 1.01 | 0.98 |
| Inventory Turnover Ratio (X) | 14.20 | 12.49 | 11.28 | 18.77 | 18.90 |
| 3 Yr CAGR Sales (%) | 9.17 | 9.91 | 30.24 | 41.97 | 34.55 |
| 3 Yr CAGR Net Profit (%) | -3.76 | 0.32 | 43.53 | 72.09 | 82.43 |
| P/E (x) | 46.77 | 39.27 | 38.51 | 60.62 | 51.43 |
| P/B (x) | 7.26 | 6.76 | 9.30 | 15.07 | 13.52 |
| EV/EBITDA (x) | 15.70 | 15.83 | 16.96 | 22.27 | 20.71 |
| P/S (x) | 1.43 | 1.22 | 1.60 | 2.61 | 2.61 |
TVS Motor Company has announced several corporate actions, including:
- GST Rate Reduction: The company will pass on the full benefit of the GST rate reduction to customers.
- New Product Launch: TVS Motor Company has launched the TVS NTORQ 150, described as India's quickest and first hyper sport scooter.
- Scheme of Arrangement: Disclosure under Regulations 30 and 51(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in relation to the Scheme of Arrangement between TVS Motor Company Limited and its shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
TVS Motor Company has a history of distributing dividends. Here are some recent dividend announcements:
- March 20, 2025: Interim dividend of Rs 10.00 per share (1000%) effective March 26, 2025.
- February 27, 2024: Interim dividend of Rs 8.00 per share (800%) effective March 19, 2024.
- January 19, 2023: Interim dividend of Rs 5.00 per share (500%) effective February 2, 2023.
The company has also issued bonus shares:
- August 25, 2025: Bonus ratio of 4:1, announced on March 20, 2024.
- September 8, 2010: Bonus ratio of 1:1, announced on July 21, 2010.
- December 18, 2003: The company had a stock split where the old face value of Rs 10 was split into a new face value of Rs 1. The record date was December 26, 2003, and the ex-split date was December 18, 2003.
Moneycontrol analysis indicates a very bullish sentiment on the stock as of September 9, 2025.
In conclusion, TVS Motor Company's stock reached an all-time high, supported by strong financial performance and positive market sentiment.
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