TVS Motor Company Limited
Consumer Discretionary›Automobile and Auto Components›Automobiles›2/3 Wheelers
Key metrics
Price as of 2026-07-17
Stock price
₹3618.20
Market cap
1,71,905 Cr
Stock P/E
56.1
P/B
3617.72
Dividend yield
0.3%
Sign in for full ratios and TTM. Learn about these metrics →
Share price
NSE closing price from historical market data.
Loading price history…
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,031 Cr | 9,056 Cr | 9,933 Cr | 10,114 Cr | 10,042 Cr | 10,407 Cr | 11,302 Cr | 11,135 Cr | 11,542 Cr | 12,210 Cr | 14,051 Cr | 14,756 Cr |
| Operating expenses (approx.) | 6,978 Cr | 7,841 Cr | 8,577 Cr | 8,626 Cr | 8,558 Cr | 8,942 Cr | 9,659 Cr | 9,405 Cr | 9,622 Cr | 10,396 Cr | 11,929 Cr | 12,535 Cr |
| EBITDA | 1,054 Cr | 1,215 Cr | 1,356 Cr | 1,488 Cr | 1,485 Cr | 1,465 Cr | 1,642 Cr | 1,730 Cr | 1,920 Cr | 1,814 Cr | 2,122 Cr | 2,220 Cr |
| OPM % | 13.1% | 13.4% | 13.7% | 14.7% | 14.8% | 14.1% | 14.5% | 15.5% | 16.6% | 14.9% | 15.1% | 15.0% |
| Other income | 67 Cr | 87 Cr | 51 Cr | 12 Cr | -44 Cr | 41 Cr | 32 Cr | 65 Cr | -68 Cr | 40 Cr | -14 Cr | -10 Cr |
| Interest | 398 Cr | 437 Cr | 483 Cr | 494 Cr | 513 Cr | 503 Cr | 509 Cr | 539 Cr | 551 Cr | 551 Cr | 552 Cr | 561 Cr |
| Depreciation | 232 Cr | 227 Cr | 237 Cr | 242 Cr | 269 Cr | 247 Cr | 259 Cr | 264 Cr | 292 Cr | 315 Cr | 320 Cr | 323 Cr |
| Profit before tax | 491 Cr | 637 Cr | 686 Cr | 763 Cr | 660 Cr | 757 Cr | 906 Cr | 927 Cr | 1,009 Cr | 988 Cr | 1,236 Cr | 1,326 Cr |
| Tax % | 30.7% | 29.0% | 37.9% | 31.5% | 36.2% | 33.5% | 33.0% | 32.0% | 30.3% | 33.8% | 31.6% | 32.6% |
| Net profit | 336 Cr | 441 Cr | 416 Cr | 510 Cr | 412 Cr | 485 Cr | 588 Cr | 609 Cr | 698 Cr | 643 Cr | 833 Cr | 891 Cr |
| EPS (₹) | ₹7.07 | ₹9.14 | ₹8.13 | ₹10.08 | ₹8.15 | ₹9.70 | ₹11.80 | ₹11.91 | ₹13.64 | ₹12.84 | ₹16.74 | ₹17.71 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021Standalone only | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 20,160 Cr | 18,849 Cr | 19,421 Cr | 24,355 Cr | 31,974 Cr | 39,145 Cr | 44,089 Cr | Sign in for TTM |
| Operating expenses (approx.) | 17,999 Cr | 16,617 Cr | 17,145 Cr | 21,641 Cr | 27,908 Cr | 33,601 Cr | 37,440 Cr | Sign in for TTM |
| EBITDA | 2,161 Cr | 2,233 Cr | 2,276 Cr | 2,715 Cr | 4,066 Cr | 5,543 Cr | 6,649 Cr | Sign in for TTM |
| OPM % | 10.7% | 11.8% | 11.7% | 11.1% | 12.7% | 14.2% | 15.1% | Sign in for TTM |
| Other income | 25 Cr | 52 Cr | 47 Cr | 33 Cr | 138 Cr | 106 Cr | 70 Cr | Sign in for TTM |
| Interest | 663 Cr | 855 Cr | 881 Cr | 940 Cr | 1,368 Cr | 1,928 Cr | 2,093 Cr | Sign in for TTM |
| Depreciation | 442 Cr | 556 Cr | 565 Cr | 743 Cr | 859 Cr | 975 Cr | 1,046 Cr | Sign in for TTM |
| Profit before tax | 1,081 Cr | 874 Cr | 829 Cr | 1,064 Cr | 1,977 Cr | 2,746 Cr | 3,579 Cr | Sign in for TTM |
| Tax % | 33.1% | 25.0% | 25.8% | 31.6% | 31.7% | 33.7% | 32.3% | Sign in for TTM |
| Net profit | 725 Cr | 647 Cr | 608 Cr | 731 Cr | 1,309 Cr | 1,779 Cr | 2,380 Cr | Sign in for TTM |
| EPS (₹) | ₹14.83 | ₹13.15 | ₹12.51 | ₹15.93 | ₹27.97 | ₹35.50 | ₹47.05 | Sign in for TTM |
| Dividend payout % | — | — | — | 26.1% | 22.3% | 21.4% | 20.0% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021Standalone only | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | 48 Cr | 48 Cr | 48 Cr | 48 Cr | 48 Cr | 48 Cr | 48 Cr |
| Reserves | 3,123 Cr | 3,235 Cr | 3,779 Cr | 4,352 Cr | 5,457 Cr | 6,736 Cr | 8,456 Cr |
| Borrowings | 8,163 Cr | 9,002 Cr | 1,036 Cr | 15,297 Cr | 21,626 Cr | 25,287 Cr | 27,616 Cr |
| Other liabilities | 5,118 Cr | 6,675 Cr | 4,991 Cr | 6,722 Cr | 7,697 Cr | 9,423 Cr | 10,879 Cr |
| Total liabilities | 16,696 Cr | 19,280 Cr | 10,197 Cr | 27,072 Cr | 35,233 Cr | 42,220 Cr | 47,937 Cr |
| Fixed assets (net) | 2,979 Cr | 3,302 Cr | 2,746 Cr | 4,378 Cr | 4,177 Cr | 4,294 Cr | 5,489 Cr |
| CWIP | 604 Cr | 847 Cr | 113 Cr | 320 Cr | 316 Cr | 338 Cr | 664 Cr |
| Investments | 310 Cr | 211 Cr | 3,315 Cr | 240 Cr | 556 Cr | 646 Cr | 1,080 Cr |
| Other assets | 12,932 Cr | 15,054 Cr | 3,447 Cr | 20,147 Cr | 27,232 Cr | 34,937 Cr | 41,078 Cr |
| Total assets | 16,696 Cr | 19,280 Cr | 10,197 Cr | 27,072 Cr | 35,233 Cr | 42,220 Cr | 47,937 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021Standalone only | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | -1,560 Cr | -4,405 Cr | -1,253 Cr | 3,503 Cr |
| Cash from investing | — | — | — | -1,486 Cr | -1,308 Cr | -1,001 Cr | -2,899 Cr |
| Cash from financing | — | — | — | 2,918 Cr | 6,118 Cr | 2,759 Cr | 1,155 Cr |
| Net cash flow | — | — | — | -128 Cr | 406 Cr | 505 Cr | 1,759 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -2,545 Cr | -5,746 Cr | -2,398 Cr | 1,025 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021Standalone only | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| ROCE % | 14.8% | 13.3% | 44.7% | 9.7% | 11.6% | 13.9% | 15.1% |
| ROE % | 20.6% | 17.3% | 15.5% | 15.0% | 22.5% | 22.5% | 23.7% |
| Debtor days | 28 | 28 | 19 | 17 | 14 | 17 | 14 |
| Inventory days | 34 | 36 | 34 | 38 | 35 | 35 | 34 |
| Days payable | 83 | 97 | 114 | 106 | 92 | 102 | 106 |
| Cash conversion cycle | -21 | -32 | -62 | -51 | -43 | -50 | -58 |
| Debt / equity | 2.57 | 2.74 | 0.25 | 3.48 | 3.93 | 3.73 | 3.25 |
| Current ratio | 1.02 | 0.97 | 0.75 | 0.93 | 0.88 | 1.02 | 1.12 |
| Net debt / EBITDA | 3.70 | 3.55 | 0.00 | 5.10 | 4.86 | 4.14 | 3.53 |
Compare with peers
Loading peers…