TVS Motor Company Limited (TVSMOTOR)

Automobile and Auto Components · Automobiles · NSE · Updated 15 July 2026

₹3,612.3 ↑ 25.21% (1Y)

🎯 Key Takeaways

TVS Motor Company Limited is in a phase of steady growth with improving operational efficiency and expanding market presence, supported by strong governance and ESG commitments. The company demonstrates consistent revenue expansion and margin stability, underpinned by strategic leadership continuity and disciplined capital allocation.
Revenue declined 1.5% QoQ to ₹11,135 in Q3FY25.
⚠️ High P/E ratio of 393.5 may reflect elevated valuation expectations, making the stock sensitive to performance dips.

Market Cap

₹8.24 L Cr

P/E Ratio

393.5

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

TVS Motor Company Limited is in a phase of steady growth with improving operational efficiency and expanding market presence, supported by strong governance and ESG commitments. The company demonstrates consistent revenue expansion and margin stability, underpinned by strategic leadership continuity and disciplined capital allocation. Management maintains a forward-looking stance on sustainability and creditworthiness, reinforcing investor confidence in long-term resilience.

📰 What's Happening

In Q3FY25, TVS Motor reported revenue of ₹11,135 crore with operating profit of ₹1,730 crore and net profit of ₹609 crore, reflecting sequential and year-on-year growth. The company secured a CARE AAA rating for its proposed ₹125 crore NCD issue, underscoring strong creditworthiness, as highlighted in the 3 July 2026 filing. Additionally, the submission of the BRSR report on 29 June 2026 reaffirmed its ESG leadership, particularly in renewable energy adoption (97.13%) and waste management. The 34th AGM scheduled for 22 July 2026 will seek shareholder approval for FY2025-26 financials and re-appointment of Director Sudarshan Venu, with voting open remotely from 19-21 July 2026.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	8,031	9,056	9,933	10,114	10,042	10,407	11,302	11,135
Operating Profit	1,121	1,301	1,407	1,500	1,441	1,506	1,675	1,730
OPM %	13.1%	13.4%	13.7%	14.7%	14.8%	14.1%	14.5%	14.9%
Net Profit	336	441	416	510	412	485	588	609
EPS	₹7.07	₹9.14	₹8.13	₹10.08	₹8.15	₹9.70	₹11.80	₹11.91

Revenue has grown steadily from ₹8,031 crore in Q4FY23 to ₹11,135 crore in Q3FY25, with operating margins stabilizing around 14.9% and net profit rising from ₹336 crore to ₹609 crore over the same period. EPS increased from ₹7.07 to ₹11.91, indicating improved profitability per share. This upward trajectory aligns with management's focus on operational efficiency and volume growth, as evidenced by consistent OPM expansion and disciplined cost management across quarters.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or margins in the latest filings. However, the stable CARE AAA rating revalidation clause and ongoing ESG reporting suggest a focus on maintaining financial flexibility and sustainability compliance. The re-appointment of Sudarshan Venu and emphasis on governance in the AGM notice reflect confidence in leadership continuity. No financial targets or growth projections were disclosed in the recent announcements.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Automobiles

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
TVS Motor Company Limited	8.24 L Cr	393.5	—	—	—
Maruti Suzuki India Limited	4.16 L Cr	27.8	19.8%	15.5%	0.00
Mahindra & Mahindra Limited	3.88 L Cr	22.2	14.6%	20.4%	1.57
Bajaj Auto Limited	2.90 L Cr	32.6	31.6%	25.3%	0.26
Eicher Motors Limited	1.92 L Cr	35.9	28.6%	25.2%	0.01
Hyundai Motor India Limited	1.48 L Cr	27.3	—	—	—
Tata Motors Passenger Vehicles Limited	1.31 L Cr	4.2	—	—	—
Hero MotoCorp Limited	1.01 L Cr	18.6	33.9%	28.2%	0.02
Ather Energy Limited	35,872	—	—	—	—
FORCE MOTORS LTD	26,530	53.0	—	—	—

🔗 Peer Stock Analyses

MARUTI M&M BAJAJ-AUTO EICHERMOT HYUNDAI

⚠️ Risk Factors

1. High P/E ratio of 393.5 may reflect elevated valuation expectations, making the stock sensitive to performance dips. 2. Dependence on the automotive cycle and two-wheeler demand exposes the company to macroeconomic and fuel price volatility. 3. While ESG efforts are progressing, regulatory or operational challenges in sustainability initiatives could emerge over time. 4. Limited shareholder participation in AGM due to proxy voting restrictions may reduce retail investor influence.

📋 Recent Filings

🧠 Analyst's Read

TVS Motor is executing a disciplined growth strategy with improving profitability and strong governance, supported by credit rating validation and ESG leadership. Investors should monitor execution updates at the 34th AGM and any strategic announcements post-FY2026-27, particularly around capacity expansion or new product launches, to assess the sustainability of current momentum.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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