TVS Holdings Ltd.
•₹ 13,899-0.49%
2026-08-21
PROS
- Company has delivered good profit growth of 33.6% CAGR over last 5 years
- Solid return on assets for a lender - ROA of 10.6%
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.5%
- Asset quality is healthy - gross NPA of just 0.0%
- Operating margins have improved to 89.1% from 17.4%
- Company has been maintaining a healthy dividend payout of 54.0%
CONS
- Recent results are weak - TTM profit is down 65.0% versus prior year
- Company's sales have been declining over the last five years
- Valuation is stretched - P/E of 87.7 is well above its own 5-year median (49.4)
- Stock is trading at 16.1x its book value
- Thin net interest margin of 0.0%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJFINSV | 2010.00 | 31.74 | 322014.33 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 549.85 | 22.26 | 46694.66 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1558.35 | 10.96 | 29262.30 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13946.95 | 14.32 | 28217.61 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 226.40 | 19.32 | 21783.17 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13359.10 | 0.00 | 15267.54 | 1.65 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11370.60 | 91.87 | 12620.94 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 126.45 | 11.63 | 12100.76 | 2.57 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 414.70 | 18.92 | 9210.65 | 2.69 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 230.10 | 144.40 | 7932.32 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2440.10 | 8.41 | 7830.42 | 1.70 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | PILANIINVS | 4285.35 | 0.00 | 4744.85 | 0.21 | -47.26 | -17.55 | 14.44 | -70.70 | 1.41 | -9.33 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 589 | 484 | 164 | 370 | 136 | 57 | 149 | 295 | 55 | 57 | 58 | 346 | 93 | |
| 485 | 347 | 128 | 135 | 106 | 25 | 21 | 16 | 19 | 13 | 12 | 12 | 83 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 2 | 37 | 0 | 0 | 1 | 6 | 0 | 0 | 0 | 0 | 0 |
| Interest | 31 | 28 | 20 | 20 | 15 | 15 | 14 | 19 | 21 | 21 | 21 | 22 | 39 |
| Depreciation | 25 | 11 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| 45 | 97 | 17 | 251 | 15 | 16 | 115 | 264 | 15 | 22 | 24 | 312 | 10 | |
| Tax % | 37.46% | 14.13% | 50.58% | 12.81% | 14.65% | 23.07% | 25.77% | 8.51% | 12.72% | 13.26% | 11.04% | 13.88% | 5.69% |
| Net Profit | 28 | 83 | 9 | 219 | 13 | 12 | 85 | 242 | 13 | 19 | 21 | 269 | 9 |
| 14 | 41 | 4 | 108 | 6 | 6 | 42 | 119 | 6 | 10 | 10 | 133 | 0 | |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 589
- 485
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 31
- Depreciation
- 25
- 45
- Tax %
- 37.46%
- Net Profit
- 28
- 14
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 484
- 347
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 28
- Depreciation
- 11
- 97
- Tax %
- 14.13%
- Net Profit
- 83
- 41
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 164
- 128
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 20
- Depreciation
- 1
- 17
- Tax %
- 50.58%
- Net Profit
- 9
- 4
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 370
- 135
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 20
- Depreciation
- 1
- 251
- Tax %
- 12.81%
- Net Profit
- 219
- 108
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 136
- 106
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 15
- Tax %
- 14.65%
- Net Profit
- 13
- 6
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 57
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 1
- 16
- Tax %
- 23.07%
- Net Profit
- 12
- 6
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 149
- 21
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 14
- Depreciation
- 1
- 115
- Tax %
- 25.77%
- Net Profit
- 85
- 42
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 295
- 16
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 19
- Depreciation
- 1
- 264
- Tax %
- 8.51%
- Net Profit
- 242
- 119
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 55
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 21
- Depreciation
- 0
- 15
- Tax %
- 12.72%
- Net Profit
- 13
- 6
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 57
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 21
- Depreciation
- 1
- 22
- Tax %
- 13.26%
- Net Profit
- 19
- 10
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 58
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 21
- Depreciation
- 1
- 24
- Tax %
- 11.04%
- Net Profit
- 21
- 10
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 346
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 22
- Depreciation
- 1
- 312
- Tax %
- 13.88%
- Net Profit
- 269
- 133
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 93
- 83
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 39
- Depreciation
- 1
- 10
- Tax %
- 5.69%
- Net Profit
- 9
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,395 | 1,643 | 1,833 | 1,324 | 1,177 | 1,743 | 2,198 | 1,608 | 637 | 516 | 554 | |
| 1,262 | 1,630 | 1,655 | 1,187 | 1,026 | 1,512 | 1,825 | 1,095 | 169 | 56 | 120 | |
| Operating Profit | 207 | 108 | 278 | 238 | 262 | 325 | 382 | 552 | 475 | 461 | — |
| OPM % | 15 | 7 | 15 | 18 | 22 | 19 | 17 | 34 | 75 | 89 | — |
| Other Income | 74 | 94 | 100 | 100 | 111 | 94 | 9 | 39 | 7 | 0 | 0 |
| Interest | 29 | 34 | 55 | 55 | 48 | 45 | 46 | 99 | 63 | 85 | 103 |
| Depreciation | 61 | 73 | 92 | 93 | 78 | 102 | 100 | 38 | 2 | 2 | 2 |
| 120 | 1 | 130 | 69 | 123 | 2,300 | 327 | 410 | 410 | 373 | 368 | |
| Tax % | 12 | -6,438 | 8 | 1 | 38 | 1 | 16 | 17 | 14 | 14 | 13 |
| Net Profit | 106 | 55 | 120 | 69 | 76 | 2,277 | 273 | 339 | 352 | 322 | 319 |
| EPS | 52 | 27 | 59 | 34 | 37 | 1,125 | 135 | 167 | 174 | 159 | — |
| Dividend Payout % | 60 | 55 | 61 | 91 | 69 | 4 | 44 | 56 | 53 | 54 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 52 | 27 | 59 | 34 | 37 | 1,125 | 135 | 167 | 174 | 159 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 52 | 27 | 59 | 34 | 37 | 1,125 | 135 | 167 | 174 | 159 | — |
Mar 2017
- 1,395
- 1,262
- Operating Profit
- 207
- OPM %
- 15
- Other Income
- 74
- Interest
- 29
- Depreciation
- 61
- 120
- Tax %
- 12
- Net Profit
- 106
- EPS
- 52
- Dividend Payout %
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 52
Mar 2018
- 1,643
- 1,630
- Operating Profit
- 108
- OPM %
- 7
- Other Income
- 94
- Interest
- 34
- Depreciation
- 73
- 1
- Tax %
- -6,438
- Net Profit
- 55
- EPS
- 27
- Dividend Payout %
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
Mar 2019
- 1,833
- 1,655
- Operating Profit
- 278
- OPM %
- 15
- Other Income
- 100
- Interest
- 55
- Depreciation
- 92
- 130
- Tax %
- 8
- Net Profit
- 120
- EPS
- 59
- Dividend Payout %
- 61
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 59
Mar 2020
- 1,324
- 1,187
- Operating Profit
- 238
- OPM %
- 18
- Other Income
- 100
- Interest
- 55
- Depreciation
- 93
- 69
- Tax %
- 1
- Net Profit
- 69
- EPS
- 34
- Dividend Payout %
- 91
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2021
- 1,177
- 1,026
- Operating Profit
- 262
- OPM %
- 22
- Other Income
- 111
- Interest
- 48
- Depreciation
- 78
- 123
- Tax %
- 38
- Net Profit
- 76
- EPS
- 37
- Dividend Payout %
- 69
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
Mar 2022
- 1,743
- 1,512
- Operating Profit
- 325
- OPM %
- 19
- Other Income
- 94
- Interest
- 45
- Depreciation
- 102
- 2,300
- Tax %
- 1
- Net Profit
- 2,277
- EPS
- 1,125
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1,125
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1,125
Mar 2023
- 2,198
- 1,825
- Operating Profit
- 382
- OPM %
- 17
- Other Income
- 9
- Interest
- 46
- Depreciation
- 100
- 327
- Tax %
- 16
- Net Profit
- 273
- EPS
- 135
- Dividend Payout %
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 135
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 135
Mar 2024
- 1,608
- 1,095
- Operating Profit
- 552
- OPM %
- 34
- Other Income
- 39
- Interest
- 99
- Depreciation
- 38
- 410
- Tax %
- 17
- Net Profit
- 339
- EPS
- 167
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 167
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 167
Mar 2025
- 637
- 169
- Operating Profit
- 475
- OPM %
- 75
- Other Income
- 7
- Interest
- 63
- Depreciation
- 2
- 410
- Tax %
- 14
- Net Profit
- 352
- EPS
- 174
- Dividend Payout %
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 174
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 174
Mar 2026
- 516
- 56
- Operating Profit
- 461
- OPM %
- 89
- Other Income
- 0
- Interest
- 85
- Depreciation
- 2
- 373
- Tax %
- 14
- Net Profit
- 322
- EPS
- 159
- Dividend Payout %
- 54
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 159
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 159
TTM
- 554
- 120
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 103
- Depreciation
- 2
- 368
- Tax %
- 13
- Net Profit
- 319
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -10%
- 5 Years:
- -15%
- 3 Years:
- -38%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 9%
- 5 Years:
- 34%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 36%
- 1 Year:
- 14%
RETURN ON EQUITY
- 10 Years:
- 28%
- 5 Years:
- 43%
- 3 Years:
- 25%
- Last Year:
- 19%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 602 | 654 | 679 | 584 | 706 | 2,890 | 700 | 1,439 | 1,601 | 1,744 | |
| 233 | 387 | 340 | 421 | 277 | 298 | 2,502 | 550 | 0 | 0 | |
| Trade Payables | 179 | 378 | 218 | 180 | 273 | 356 | 390 | 85 | 0 | 0 |
| 236 | 344 | 465 | 379 | 543 | 673 | 673 | 324 | 1,007 | 1,722 | |
| Total Liabilities | 1,259 | 1,774 | 1,712 | 1,574 | 1,808 | 4,228 | 4,275 | 2,409 | 2,618 | 3,476 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 495 | 617 | 747 | 733 | 713 | 671 | 623 | 14 | 10 | 9 | |
| Capital Work in Progress | 37 | 82 | 13 | 13 | 12 | 9 | 57 | 0 | 4 | 2 |
| 215 | 281 | 295 | 232 | 386 | 404 | 832 | 1,970 | 2,268 | 3,002 | |
| 235 | 361 | 332 | 271 | 301 | 371 | 348 | 7 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 14 | 12 | |
| Cash & Bank | 2 | 2 | 3 | 52 | 49 | 2,398 | 2,030 | 373 | 318 | 185 |
| 276 | 429 | 321 | 271 | 348 | 374 | 386 | 20 | 5 | 266 | |
| Total Assets | 1,259 | 1,774 | 1,712 | 1,574 | 1,808 | 4,228 | 4,275 | 2,409 | 2,618 | 3,476 |
| Total Debt | 354 | 666 | 724 | 668 | 631 | 733 | 3,017 | 550 | 944 | 1,593 |
| Net Working Capital | 25 | -66 | -15 | -138 | 3 | 2,289 | -291 | -536 | 167 | 226 |
| Contingent Liabilities | 94 | 77 | 88 | 61 | 17 | 12 | 73 | 15 | 10 | 4 |
| Book Value per Share | 302.18 | 328.06 | 340.26 | 293.70 | 353.70 | 1432.98 | 351.06 | 716.19 | 796.02 | 866.81 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Total Debt | 354 | 666 | 724 | 668 | 631 | 733 | 3,017 | 550 | 944 | 1,593 |
| Net Working Capital | 25 | -66 | -15 | -138 | 3 | 2,289 | -291 | -536 | 167 | 226 |
| Contingent Liabilities | 94 | 77 | 88 | 61 | 17 | 12 | 73 | 15 | 10 | 4 |
| Book Value per Share | 302.18 | 328.06 | 340.26 | 293.70 | 353.70 | 1432.98 | 351.06 | 716.19 | 796.02 | 866.81 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Mar 2017
- Equity Capital
- 10
- 602
- 233
- Trade Payables
- 179
- 236
- Total Liabilities
- 1,259
- 495
- Capital Work in Progress
- 37
- 215
- 235
- 0
- Cash & Bank
- 2
- 276
- Total Assets
- 1,259
- Total Debt
- 354
- Net Working Capital
- 25
- Contingent Liabilities
- 94
- Book Value per Share
- 302.18
- Face Value
- 5.00
- Total Debt
- 354
- Net Working Capital
- 25
- Contingent Liabilities
- 94
- Book Value per Share
- 302.18
- Face Value
- 5.00
Mar 2018
- Equity Capital
- 10
- 654
- 387
- Trade Payables
- 378
- 344
- Total Liabilities
- 1,774
- 617
- Capital Work in Progress
- 82
- 281
- 361
- 0
- Cash & Bank
- 2
- 429
- Total Assets
- 1,774
- Total Debt
- 666
- Net Working Capital
- -66
- Contingent Liabilities
- 77
- Book Value per Share
- 328.06
- Face Value
- 5.00
- Total Debt
- 666
- Net Working Capital
- -66
- Contingent Liabilities
- 77
- Book Value per Share
- 328.06
- Face Value
- 5.00
Mar 2019
- Equity Capital
- 10
- 679
- 340
- Trade Payables
- 218
- 465
- Total Liabilities
- 1,712
- 747
- Capital Work in Progress
- 13
- 295
- 332
- 0
- Cash & Bank
- 3
- 321
- Total Assets
- 1,712
- Total Debt
- 724
- Net Working Capital
- -15
- Contingent Liabilities
- 88
- Book Value per Share
- 340.26
- Face Value
- 5.00
- Total Debt
- 724
- Net Working Capital
- -15
- Contingent Liabilities
- 88
- Book Value per Share
- 340.26
- Face Value
- 5.00
Mar 2020
- Equity Capital
- 10
- 584
- 421
- Trade Payables
- 180
- 379
- Total Liabilities
- 1,574
- 733
- Capital Work in Progress
- 13
- 232
- 271
- 0
- Cash & Bank
- 52
- 271
- Total Assets
- 1,574
- Total Debt
- 668
- Net Working Capital
- -138
- Contingent Liabilities
- 61
- Book Value per Share
- 293.70
- Face Value
- 5.00
- Total Debt
- 668
- Net Working Capital
- -138
- Contingent Liabilities
- 61
- Book Value per Share
- 293.70
- Face Value
- 5.00
Mar 2021
- Equity Capital
- 10
- 706
- 277
- Trade Payables
- 273
- 543
- Total Liabilities
- 1,808
- 713
- Capital Work in Progress
- 12
- 386
- 301
- 0
- Cash & Bank
- 49
- 348
- Total Assets
- 1,808
- Total Debt
- 631
- Net Working Capital
- 3
- Contingent Liabilities
- 17
- Book Value per Share
- 353.70
- Face Value
- 5.00
- Total Debt
- 631
- Net Working Capital
- 3
- Contingent Liabilities
- 17
- Book Value per Share
- 353.70
- Face Value
- 5.00
Mar 2022
- Equity Capital
- 10
- 2,890
- 298
- Trade Payables
- 356
- 673
- Total Liabilities
- 4,228
- 671
- Capital Work in Progress
- 9
- 404
- 371
- 0
- Cash & Bank
- 2,398
- 374
- Total Assets
- 4,228
- Total Debt
- 733
- Net Working Capital
- 2,289
- Contingent Liabilities
- 12
- Book Value per Share
- 1432.98
- Face Value
- 5.00
- Total Debt
- 733
- Net Working Capital
- 2,289
- Contingent Liabilities
- 12
- Book Value per Share
- 1432.98
- Face Value
- 5.00
Mar 2023
- Equity Capital
- 10
- 700
- 2,502
- Trade Payables
- 390
- 673
- Total Liabilities
- 4,275
- 623
- Capital Work in Progress
- 57
- 832
- 348
- 0
- Cash & Bank
- 2,030
- 386
- Total Assets
- 4,275
- Total Debt
- 3,017
- Net Working Capital
- -291
- Contingent Liabilities
- 73
- Book Value per Share
- 351.06
- Face Value
- 5.00
- Total Debt
- 3,017
- Net Working Capital
- -291
- Contingent Liabilities
- 73
- Book Value per Share
- 351.06
- Face Value
- 5.00
Mar 2024
- Equity Capital
- 10
- 1,439
- 550
- Trade Payables
- 85
- 324
- Total Liabilities
- 2,409
- 14
- Capital Work in Progress
- 0
- 1,970
- 7
- 25
- Cash & Bank
- 373
- 20
- Total Assets
- 2,409
- Total Debt
- 550
- Net Working Capital
- -536
- Contingent Liabilities
- 15
- Book Value per Share
- 716.19
- Face Value
- 5.00
- Total Debt
- 550
- Net Working Capital
- -536
- Contingent Liabilities
- 15
- Book Value per Share
- 716.19
- Face Value
- 5.00
Mar 2025
- Equity Capital
- 10
- 1,601
- 0
- Trade Payables
- 0
- 1,007
- Total Liabilities
- 2,618
- 10
- Capital Work in Progress
- 4
- 2,268
- 0
- 14
- Cash & Bank
- 318
- 5
- Total Assets
- 2,618
- Total Debt
- 944
- Net Working Capital
- 167
- Contingent Liabilities
- 10
- Book Value per Share
- 796.02
- Face Value
- 5.00
- Total Debt
- 944
- Net Working Capital
- 167
- Contingent Liabilities
- 10
- Book Value per Share
- 796.02
- Face Value
- 5.00
Mar 2026
- Equity Capital
- 10
- 1,744
- 0
- Trade Payables
- 0
- 1,722
- Total Liabilities
- 3,476
- 9
- Capital Work in Progress
- 2
- 3,002
- 0
- 12
- Cash & Bank
- 185
- 266
- Total Assets
- 3,476
- Total Debt
- 1,593
- Net Working Capital
- 226
- Contingent Liabilities
- 4
- Book Value per Share
- 866.81
- Face Value
- 5.00
- Total Debt
- 1,593
- Net Working Capital
- 226
- Contingent Liabilities
- 4
- Book Value per Share
- 866.81
- Face Value
- 5.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 169 | -59 | 171 | 182 | 125 | 65 | 528 | 595 | 105 | 42 | |
| Cash from Investing | -62 | -188 | -98 | 56 | -45 | -106 | -242 | 1,966 | -191 | -732 |
| Cash from Financing | -107 | 124 | 89 | -162 | -106 | 21 | -283 | -2,473 | 211 | 474 |
| -0 | -123 | 162 | 76 | -26 | -20 | 3 | 88 | 126 | -216 | |
| Free Cash Flow | 169 | -298 | 26 | 131 | 75 | 19 | 436 | 595 | 104 | 42 |
| OCF / Net Profit | 1.60 | -1.08 | 1.43 | 2.66 | 1.64 | 0.03 | 1.93 | 1.76 | 0.30 | 0.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 102 | -48 | 686 | 1,255 | 1,228 | 1,196 |
| OCF / Net Profit | 1.60 | -1.08 | 1.43 | 2.66 | 1.64 | 0.03 | 1.93 | 1.76 | 0.30 | 0.13 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 102 | -48 | 686 | 1,255 | 1,228 | 1,196 |
Mar 2017
- 169
- Cash from Investing
- -62
- Cash from Financing
- -107
- -0
- Free Cash Flow
- 169
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
Mar 2018
- -59
- Cash from Investing
- -188
- Cash from Financing
- 124
- -123
- Free Cash Flow
- -298
- OCF / Net Profit
- -1.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.08
- Cumulative 5-Year FCF
- 0
Mar 2019
- 171
- Cash from Investing
- -98
- Cash from Financing
- 89
- 162
- Free Cash Flow
- 26
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.43
- Cumulative 5-Year FCF
- 0
Mar 2020
- 182
- Cash from Investing
- 56
- Cash from Financing
- -162
- 76
- Free Cash Flow
- 131
- OCF / Net Profit
- 2.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.66
- Cumulative 5-Year FCF
- 0
Mar 2021
- 125
- Cash from Investing
- -45
- Cash from Financing
- -106
- -26
- Free Cash Flow
- 75
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 102
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 102
Mar 2022
- 65
- Cash from Investing
- -106
- Cash from Financing
- 21
- -20
- Free Cash Flow
- 19
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- -48
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- -48
Mar 2023
- 528
- Cash from Investing
- -242
- Cash from Financing
- -283
- 3
- Free Cash Flow
- 436
- OCF / Net Profit
- 1.93
- Cumulative 5-Year FCF
- 686
- OCF / Net Profit
- 1.93
- Cumulative 5-Year FCF
- 686
Mar 2024
- 595
- Cash from Investing
- 1,966
- Cash from Financing
- -2,473
- 88
- Free Cash Flow
- 595
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- 1,255
- OCF / Net Profit
- 1.76
- Cumulative 5-Year FCF
- 1,255
Mar 2025
- 105
- Cash from Investing
- -191
- Cash from Financing
- 211
- 126
- Free Cash Flow
- 104
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 1,228
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 1,228
Mar 2026
- 42
- Cash from Investing
- -732
- Cash from Financing
- 474
- -216
- Free Cash Flow
- 42
- OCF / Net Profit
- 0.13
- Cumulative 5-Year FCF
- 1,196
- OCF / Net Profit
- 0.13
- Cumulative 5-Year FCF
- 1,196
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 52.17 | 27.13 | 59.12 | 33.94 | 37.47 | 1124.85 | 134.94 | 167.36 | 173.99 | 159.24 |
| Book Value (₹) | 302.18 | 328.06 | 340.26 | 293.70 | 353.70 | 1432.98 | 351.06 | 716.19 | 796.02 | 866.81 |
| Dividend per Share (₹) | 31.50 | 15.00 | 36.00 | 31.00 | 26.00 | 44.00 | 59.00 | 94.00 | 93.00 | 86.00 |
| Cash EPS (₹) | 82.13 | 63.31 | 104.67 | 79.72 | 75.96 | 1175.11 | 184.31 | 185.95 | 175.20 | 160.31 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 14.81% | 6.56% | 15.16% | 17.94% | 22.23% | 18.62% | 17.37% | 31.91% | 73.55% | 89.14% |
| Net Margin % | 7.57% | 3.34% | 6.53% | 5.19% | 6.44% | 130.60% | 12.43% | 21.07% | 55.26% | 62.42% |
| ROE % | 20.25% | 8.61% | 17.69% | 10.71% | 11.58% | 125.91% | 15.13% | 31.36% | 23.01% | 19.15% |
| ROCE % | 16.78% | 3.01% | 13.54% | 9.31% | 13.08% | 94.19% | 10.12% | 17.78% | 20.77% | 15.52% |
| 9.02% | 3.62% | 6.86% | 4.18% | 4.48% | 75.44% | 6.42% | 10.14% | 14.01% | 10.58% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 47 | 51 | 50 | 52 | 60 | 54 | 47 | 35 | 11 | 9 |
| Inventory Days | 59 | 66 | 69 | 83 | 89 | 70 | 60 | 40 | 0 | 0 |
| Payable Days | 93 | 125 | 119 | 118 | 150 | 133 | 122 | 109 | 0 | 0 |
| 13 | -8 | 0 | 17 | -1 | -8 | -15 | -35 | 11 | 9 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.58x | 1.00x | 1.05x | 1.12x | 0.88x | 0.25x | 4.25x | 0.38x | 0.59x | 0.91x |
| Interest Coverage (x) | 5.19x | 1.02x | 3.37x | 2.25x | 3.59x | 52.22x | 8.13x | 5.14x | 7.51x | 5.39x |
| 1.05x | 0.92x | 0.98x | 0.80x | 1.00x | 3.79x | 0.90x | 0.44x | 1.80x | 1.82x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -1.43% | 17.81% | 11.57% | -27.75% | -11.13% | 48.12% | 26.06% | -26.84% | -60.36% | -18.98% |
| Operating Profit Growth % | -12.39% | -47.84% | 157.85% | -14.47% | 10.10% | 24.05% | 17.62% | 44.58% | -13.85% | -3.15% |
| Net Profit Growth % | -24.36% | -47.99% | 117.88% | -42.59% | 10.39% | 2901.96% | -88.00% | 24.03% | 3.96% | -8.48% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.03% | 3.96% | -8.48% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 48.75x | 49.37x | 87.71x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.39x | 10.79x | 16.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.15% | 1.08% | 0.62% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 30.24x | 37.88x | 64.44x |
Mar 2017
- EPS (₹)
- 52.17
- Book Value (₹)
- 302.18
- Dividend per Share (₹)
- 31.50
- Cash EPS (₹)
- 82.13
- Operating Margin %
- 14.81%
- Net Margin %
- 7.57%
- ROE %
- 20.25%
- ROCE %
- 16.78%
- 9.02%
- Debtor Days
- 47
- Inventory Days
- 59
- Payable Days
- 93
- 13
- Debt to Equity (x)
- 0.58x
- Interest Coverage (x)
- 5.19x
- 1.05x
- Revenue Growth %
- -1.43%
- Operating Profit Growth %
- -12.39%
- Net Profit Growth %
- -24.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 27.13
- Book Value (₹)
- 328.06
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 63.31
- Operating Margin %
- 6.56%
- Net Margin %
- 3.34%
- ROE %
- 8.61%
- ROCE %
- 3.01%
- 3.62%
- Debtor Days
- 51
- Inventory Days
- 66
- Payable Days
- 125
- -8
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- 1.02x
- 0.92x
- Revenue Growth %
- 17.81%
- Operating Profit Growth %
- -47.84%
- Net Profit Growth %
- -47.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 59.12
- Book Value (₹)
- 340.26
- Dividend per Share (₹)
- 36.00
- Cash EPS (₹)
- 104.67
- Operating Margin %
- 15.16%
- Net Margin %
- 6.53%
- ROE %
- 17.69%
- ROCE %
- 13.54%
- 6.86%
- Debtor Days
- 50
- Inventory Days
- 69
- Payable Days
- 119
- 0
- Debt to Equity (x)
- 1.05x
- Interest Coverage (x)
- 3.37x
- 0.98x
- Revenue Growth %
- 11.57%
- Operating Profit Growth %
- 157.85%
- Net Profit Growth %
- 117.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 33.94
- Book Value (₹)
- 293.70
- Dividend per Share (₹)
- 31.00
- Cash EPS (₹)
- 79.72
- Operating Margin %
- 17.94%
- Net Margin %
- 5.19%
- ROE %
- 10.71%
- ROCE %
- 9.31%
- 4.18%
- Debtor Days
- 52
- Inventory Days
- 83
- Payable Days
- 118
- 17
- Debt to Equity (x)
- 1.12x
- Interest Coverage (x)
- 2.25x
- 0.80x
- Revenue Growth %
- -27.75%
- Operating Profit Growth %
- -14.47%
- Net Profit Growth %
- -42.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 37.47
- Book Value (₹)
- 353.70
- Dividend per Share (₹)
- 26.00
- Cash EPS (₹)
- 75.96
- Operating Margin %
- 22.23%
- Net Margin %
- 6.44%
- ROE %
- 11.58%
- ROCE %
- 13.08%
- 4.48%
- Debtor Days
- 60
- Inventory Days
- 89
- Payable Days
- 150
- -1
- Debt to Equity (x)
- 0.88x
- Interest Coverage (x)
- 3.59x
- 1.00x
- Revenue Growth %
- -11.13%
- Operating Profit Growth %
- 10.10%
- Net Profit Growth %
- 10.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1124.85
- Book Value (₹)
- 1432.98
- Dividend per Share (₹)
- 44.00
- Cash EPS (₹)
- 1175.11
- Operating Margin %
- 18.62%
- Net Margin %
- 130.60%
- ROE %
- 125.91%
- ROCE %
- 94.19%
- 75.44%
- Debtor Days
- 54
- Inventory Days
- 70
- Payable Days
- 133
- -8
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 52.22x
- 3.79x
- Revenue Growth %
- 48.12%
- Operating Profit Growth %
- 24.05%
- Net Profit Growth %
- 2901.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 134.94
- Book Value (₹)
- 351.06
- Dividend per Share (₹)
- 59.00
- Cash EPS (₹)
- 184.31
- Operating Margin %
- 17.37%
- Net Margin %
- 12.43%
- ROE %
- 15.13%
- ROCE %
- 10.12%
- 6.42%
- Debtor Days
- 47
- Inventory Days
- 60
- Payable Days
- 122
- -15
- Debt to Equity (x)
- 4.25x
- Interest Coverage (x)
- 8.13x
- 0.90x
- Revenue Growth %
- 26.06%
- Operating Profit Growth %
- 17.62%
- Net Profit Growth %
- -88.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 167.36
- Book Value (₹)
- 716.19
- Dividend per Share (₹)
- 94.00
- Cash EPS (₹)
- 185.95
- Operating Margin %
- 31.91%
- Net Margin %
- 21.07%
- ROE %
- 31.36%
- ROCE %
- 17.78%
- 10.14%
- Debtor Days
- 35
- Inventory Days
- 40
- Payable Days
- 109
- -35
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 5.14x
- 0.44x
- Revenue Growth %
- -26.84%
- Operating Profit Growth %
- 44.58%
- Net Profit Growth %
- 24.03%
- 24.03%
- P/E (x)
- 48.75x
- P/B (x)
- 11.39x
- Dividend Yield %
- 1.15%
- 30.24x
Mar 2025
- EPS (₹)
- 173.99
- Book Value (₹)
- 796.02
- Dividend per Share (₹)
- 93.00
- Cash EPS (₹)
- 175.20
- Operating Margin %
- 73.55%
- Net Margin %
- 55.26%
- ROE %
- 23.01%
- ROCE %
- 20.77%
- 14.01%
- Debtor Days
- 11
- Inventory Days
- 0
- Payable Days
- 0
- 11
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 7.51x
- 1.80x
- Revenue Growth %
- -60.36%
- Operating Profit Growth %
- -13.85%
- Net Profit Growth %
- 3.96%
- 3.96%
- P/E (x)
- 49.37x
- P/B (x)
- 10.79x
- Dividend Yield %
- 1.08%
- 37.88x
Mar 2026
- EPS (₹)
- 159.24
- Book Value (₹)
- 866.81
- Dividend per Share (₹)
- 86.00
- Cash EPS (₹)
- 160.31
- Operating Margin %
- 89.14%
- Net Margin %
- 62.42%
- ROE %
- 19.15%
- ROCE %
- 15.52%
- 10.58%
- Debtor Days
- 9
- Inventory Days
- 0
- Payable Days
- 0
- 9
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- 5.39x
- 1.82x
- Revenue Growth %
- -18.98%
- Operating Profit Growth %
- -3.15%
- Net Profit Growth %
- -8.48%
- -8.48%
- P/E (x)
- 87.71x
- P/B (x)
- 16.11x
- Dividend Yield %
- 0.62%
- 64.44x
Documents
Announcements
- General Updates
2026-08-19 - TVS Holdings Limited has informed the Exchange about approval of the Scheme of Arrangement between TVS Holdings Limited and its shareholders
- Amalgamation/Merger
2026-08-05 - TVS Holdings Limited has informed the Exchange about Amalgamation/Merger
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.