TVS Supply Chain Solutions Ltd.

•

tvsscs.comBSE: 543965NSE: TVSSCS

Market Cap₹ 5,751 Cr.

Current Price

High / Low₹ 146 / 90

Stock P/E88.8

Book Value₹ 46

Price to Book2.00

Dividend Yield0.00 %

ROCE11.5 %

ROE6.2 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • ISCS: 74.9% • Global Forwarding Solutions: 25.1%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 31.13x)
Working capital cycle has improved - days down from 9 to 3
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 1.7x

CONS

Recent results are weak - TTM profit is down 91.2% versus prior year
Company has a low return on equity of 0.3% over last 3 years
A large part of profit comes from other income (30.7% of PBT)
Company has a low return on capital employed of 8.5%
Equity base is being diluted - shares outstanding up 21.2%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsLogistics

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	CONCOR	499.80	30.65	38065.66	1.72	268.90	0.61	2159.76	0.28	13.63	20.41
2.	DELHIVERY	438.60	351.36	32864.05	0.00	31.91	-64.96	2930.73	27.76	2.97	4.75
3.	SHADOWFAX	253.25	133.05	14862.94	0.00	654.00	6732.86	13581.20	1806.32	11.58	6.76
4.	BLACKBUCK	629.05	67.88	11459.23	0.00	42.17	25.14	204.17	42.17	12.75	24.35
5.	TCI	859.95	14.47	6607.09	1.16	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	130.35	88.81	5751.35	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	18.88	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	396.65	102.33	3937.84	0.63	278.30	3048.09	20028.80	1132.85	10.40	5.76
9.	SINDHUTRAD	24.08	47.98	3712.96	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	53.34	10.91	2665.10	6.09	51.27	-17.56	549.30	-0.21	17.99	21.31
11.	TCIEXP	513.50	23.94	1974.11	1.36	20.49	5.24	313.40	9.29	13.92	10.03
12.	ALLCARGO	12.15	60.66	1819.80	0.00	140.00	241.47	5460.00	43.06	8.70	13.00

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,289	2,263	2,222	2,426	2,539	2,513	2,445	2,499	2,592	2,663	2,716	3,032	3,335
	2,118	2,078	2,060	2,261	2,358	2,337	2,295	2,330	2,420	2,485	2,518	2,814	3,317
Operating Profit	170	185	162	165	181	176	150	169	172	177	198	218	18
OPM %	7.45%	8.18%	7.29%	6.82%	7.13%	7.00%	6.13%	6.76%	6.63%	6.66%	7.30%	7.20%	0.54%
	-5	5	22	14	6	22	7	13	-77	16	5	5	14
Interest	63	57	44	38	40	41	39	37	38	33	42	45	45
Depreciation	137	142	140	139	135	140	136	133	130	137	147	156	161
Profit before Tax	-35	-9	-0	3	13	17	-18	12	-74	22	15	23	32
Tax %	-50.00%	-161.46%	46950.00%	-14.33%	49.29%	42.00%	-48.45%	140.32%	-43.80%	31.27%	32.22%	32.12%	30.03%
Net Profit	0	0	0	0	7	11	-24	-4	712	16	11	18	22
	-1.32	-0.74	0.22	0.10	0.15	0.21	-0.56	-0.11	1.60	0.35	0.24	0.40	0.47

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,032	5,342	6,780	6,605	6,934	9,250	9,994	9,200	9,996	11,003	11,746
	4,819	5,147	6,254	6,356	6,540	8,632	9,325	8,497	9,323	10,227	11,134
Operating Profit	213	195	526	249	394	617	670	703	673	776	612
OPM %	4.24%	3.65%	7.76%	3.77%	5.68%	6.67%	6.70%	7.64%	6.73%	7.05%	5.21%
	22	48	61	188	116	15	66	23	58	-54	40
Interest	75	55	146	237	182	160	193	210	164	165	165
Depreciation	73	88	418	445	443	461	502	557	544	570	601
Profit before Tax	88	103	25	-242	-116	14	46	-36	29	168	92
Tax %	47.22%	51.79%	160.97%	-2.58%	36.52%	431.28%	-3.70%	-60.02%	132.83%	30.55%	31.20%
Net Profit	47	50	-15	-248	-74	-45	48	-58	-10	117	64
EPS	15.05	15.88	-4.25	-60.13	-2.26	-1.44	1.02	-2.30	-0.31	2.59	—
Dividend Payout %	3.29%	7.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 10%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: —
3 Years:: 42%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -17%
1 Year:: -3%

RETURN ON EQUITY

10 Years:: -4%
5 Years:: 0%
3 Years:: 0%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32	32	32	32	32	36	36	44	44	44
Minority Interest	74	61	40	80	40	40	36	30	34	29
	526	592	583	461	418	644	632	1,735	1,737	1,969
	902	1,159	2,133	3,141	2,410	2,472	2,995	1,787	1,760	2,305
Trade Payables	715	1,033	968	1,013	1,154	1,453	1,427	1,368	1,411	1,788
	358	396	838	651	813	1,009	959	716	616	883
Total Liabilities	2,607	3,273	4,594	5,377	4,866	5,654	6,087	5,679	5,601	7,017
	625	902	2,025	2,034	1,987	2,141	2,296	2,350	2,165	2,859
Capital Work in Progress	12	3	13	8	7	3	14	3	74	8
	55	53	60	50	112	100	105	93	98	280
	107	134	166	170	228	292	345	387	381	533
	0	0	0	0	0	0	0	1,403	1,440	1,644
Cash & Bank	444	383	499	1,147	566	1,005	1,172	597	612	724
	1,364	1,799	1,831	1,968	1,966	2,113	2,155	847	830	966
Total Assets	2,607	3,273	4,594	5,377	4,866	5,654	6,087	5,679	5,601	7,017

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	151	100	428	246	715	637	818	151	672	746
Cash from Investing	-166	-78	-235	-363	63	-381	-233	-122	-147	-292
Cash from Financing	331	-77	-17	557	-1,167	217	-419	-592	-495	-449
	275	-86	120	384	-392	458	81	-586	30	5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.12	43.09	43.04	43.03	43.03	43.03	43.03	43.03	43.03
	0.24	2.35	3.31	3.58	3.36	3.48	2.73	2.45	2.38
	5.52	3.10	3.05	2.87	2.44	2.30	2.18	2.18	2.17
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.12	51.47	50.60	50.51	51.17	51.19	52.05	52.34	52.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - TVS Supply Chain Solutions Limited has informed the Exchange about Schedule of Institutional Investor meet to be held on 11th September, 2026

2026-08-24

Press Release

2026-08-24 - TVS Supply Chain Solutions Limited has informed the Exchange regarding press release dated August 24, 2026.

2026-08-21

Updates

2026-08-21 - TVS Supply Chain Solutions Limited has informed the Exchange regarding Unaudited Standalone and Consolidated Financial Results in Machine Readable Format For the quarter ended June 30,2026.

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - TVS Supply Chain Solutions Limited has informed the Exchange about Transcript

2026-08-11

Copy of Newspaper Publication

2026-08-11 - TVS Supply Chain Solutions Limited has informed the Exchange about Copy of Newspaper Publication of the Unaudited Standalone and Consolidated Financial Results for the Quarter Ended June 30,2026

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - TVS Supply Chain Solutions Limited has informed the Exchange about Link of Audio Recording

2026-08-10

Investor Presentation

2026-08-10 - Tvs Supply Chain Solutions Limited has informed the Exchange about Investor Presentation

2026-08-10

Press Release

2026-08-10 - TVS Supply Chain Solutions Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Press Release for Unaudited Standalone and Consolidated for the quarter ended June 30,2026".

2026-08-10

Outcome of Board Meeting

2026-08-10 - TVS Supply Chain Solutions Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.

News

Recent coverage and analyst commentary for TVSSCS

Loading news…

🤖

AI Stock Analyst

TVS Supply Chain Solutions Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

CONCOR

499.80

30.65

38065.66

1.72

268.90

0.61

2159.76

0.28

13.63

20.41

DELHIVERY

438.60

351.36

32864.05

0.00

31.91

-64.96

2930.73

27.76

2.97

4.75

SHADOWFAX

253.25

133.05

14862.94

0.00

654.00

6732.86

13581.20

1806.32

11.58

6.76

BLACKBUCK

629.05

67.88

11459.23

0.00

42.17

25.14

204.17

42.17

12.75

24.35

TCI

859.95

14.47

6607.09

1.16

106.60

-0.56

1248.50

9.58

20.52

12.30

TVSSCS

130.35

88.81

5751.35

0.00

22.48

-96.84

3335.22

28.66

11.51

6.75

VRLLOG

231.45

18.88

4048.92

0.00

805.30

1509.31

8788.40

1080.70

26.47

21.23

MAHLOG

396.65

102.33

3937.84

0.63

278.30

3048.09

20028.80

1132.85

10.40

5.76

SINDHUTRAD

24.08

47.98

3712.96

0.00

38.74

-79.39

129.21

-21.85

12.80

45.34

GATEWAY

53.34

10.91

2665.10

6.09

51.27

-17.56

549.30

-0.21

17.99

21.31

TCIEXP

513.50

23.94

1974.11

1.36

20.49

5.24

313.40

9.29

13.92

10.03

ALLCARGO

12.15

60.66

1819.80

0.00

140.00

241.47

5460.00

43.06

8.70

13.00

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,289

2,263

2,222

2,426

2,539

2,513

2,445

2,499

2,592

2,663

2,716

3,032

3,335

2,118

2,078

2,060

2,261

2,358

2,337

2,295

2,330

2,420

2,485

2,518

2,814

3,317

Operating Profit

170

185

162

165

181

176

150

169

172

177

198

218

OPM %

7.45%

8.18%

7.29%

6.82%

7.13%

7.00%

6.13%

6.76%

6.63%

6.66%

7.30%

7.20%

0.54%

-5

-77

Interest

Depreciation

137

142

140

139

135

140

136

133

130

137

147

156

161

Profit before Tax

-35

-9

-0

-18

-74

Tax %

-50.00%

-161.46%

46950.00%

-14.33%

49.29%

42.00%

-48.45%

140.32%

-43.80%

31.27%

32.22%

32.12%

30.03%

Net Profit

-24

-4

712

-1.32

-0.74

0.22

0.10

0.15

0.21

-0.56

-0.11

1.60

0.35

0.24

0.40

0.47

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,032

5,342

6,780

6,605

6,934

9,250

9,994

9,200

9,996

11,003

11,746

4,819

5,147

6,254

6,356

6,540

8,632

9,325

8,497

9,323

10,227

11,134

Operating Profit

213

195

526

249

394

617

670

703

673

776

612

OPM %

4.24%

3.65%

7.76%

3.77%

5.68%

6.67%

6.70%

7.64%

6.73%

7.05%

5.21%

188

116

-54

Interest

146

237

182

160

193

210

164

165

Depreciation

418

445

443

461

502

557

544

570

601

Profit before Tax

103

-242

-116

-36

168

Tax %

47.22%

51.79%

160.97%

-2.58%

36.52%

431.28%

-3.70%

-60.02%

132.83%

30.55%

31.20%

Net Profit

-15

-248

-74

-45

-58

-10

117

EPS

15.05

15.88

-4.25

-60.13

-2.26

-1.44

1.02

-2.30

-0.31

2.59

—

Dividend Payout %

3.29%

7.44%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Minority Interest

526

592

583

461

418

644

632

1,735

1,737

1,969

902

1,159

2,133

3,141

2,410

2,472

2,995

1,787

1,760

2,305

Trade Payables

715

1,033

968

1,013

1,154

1,453

1,427

1,368

1,411

1,788

358

396

838

651

813

1,009

959

716

616

883

Total Liabilities

2,607

3,273

4,594

5,377

4,866

5,654

6,087

5,679

5,601

7,017

625

902

2,025

2,034

1,987

2,141

2,296

2,350

2,165

2,859

Capital Work in Progress

112

100

105

280

107

134

166

170

228

292

345

387

381

533

1,403

1,440

1,644

Cash & Bank

444

383

499

1,147

566

1,005

1,172

597

612

724

1,364

1,799

1,831

1,968

1,966

2,113

2,155

847

830

966

Total Assets

2,607

3,273

4,594

5,377

4,866

5,654

6,087

5,679

5,601

7,017

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

151

100

428

246

715

637

818

151

672

746

Cash from Investing

-166

-78

-235

-363

-381

-233

-122

-147

-292

Cash from Financing

331

-77

-17

557

-1,167

217

-419

-592

-495

-449

275

-86

120

384

-392

458

-586

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.12

43.09

43.04

43.03

0.24

2.35

3.31

3.58

3.36

3.48

2.73

2.45

2.38

5.52

3.10

3.05

2.87

2.44

2.30

2.18

2.17

Government

0.00

51.12

51.47

50.60

50.51

51.17

51.19

52.05

52.34

52.42

TVS Supply Chain Solutions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

TVS Supply Chain Solutions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI