Tvs Holdings Limited (TVSHLTD)

Loading page…

Tvs Holdings Limited (TVSHLTD) · mywealthgrid

About

TVS Holdings Limited is an investment company within India's finance sector with market capitalization of ₹28,268 Cr. The company generated ROE of 30.41% and trades at PE of 14.35, with 1-year stock returns of 21.31%.

Face value: ₹5

Market cap

₹24,010 Cr

P/E

12.2×

P/B

3.7×

Dividend yield

0.7%

ROE

30.4%

ROCE

—

Debt / equity

5.59

OPM

15.8%

EPS (TTM)

₹973.5

Book value

₹3,194.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High leverage with D/E of 5.59 amplifies both investment returns and potential losses; verify interest-rate sensitivity and debt servicing capacity
Quarterly net profits fluctuate across ₹865–₹1,173 Cr range; verify whether driven by investment gains, market cycles, or concentration
Public shareholding of only 12.52% limits liquidity and price discovery; verify impact on valuation stability and institutional participation
Verify counterparty and sector concentration within investment portfolio to assess default and valuation risk

Generated analysis · source review pending

Growth drivers

ROE of 30.41% demonstrates capital deployment efficiency; verify whether this return level can be sustained as capital base grows
Quarterly net profits of ₹865–₹1,173 Cr evidence earnings capacity; verify potential for growth through scaled capital deployment
1-year return of 21.31% indicates market recognition; verify whether driven by earnings acceleration or valuation re-rating
Verify investment opportunity set for deploying incremental capital at returns comparable to current 30.41% ROE

Generated analysis · source review pending

2,525 historical price candles were omitted because the exchange source has not been verified.

₹11,886.0-3.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 29.2% (3-yr avg)
+Profit CAGR of 39.3% over the last 5 years
+Revenue CAGR of 23.4% over the last 5 years
+High promoter holding of 74.5% with no pledge

Cons

−Heavily leveraged (debt/equity 5.6)
−Low dividend payout of 8.8% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 38
Growth: 95
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	19,859	20,299	25,591	33,564	40,248	44,993	58,155
Interest	910	929	985	1,424	2,043	2,223	2,617
Expenses	17,448	17,910	22,603	29,316	34,374	38,075	48,991
Financing profit	1,501	1,459	2,003	2,824	3,831	4,695	6,546
Financing margin %	7.6%	7.2%	7.8%	8.4%	9.5%	10.4%	11.3%
Other income	56	63	35	126	34	40	70
Depreciation	649	643	845	986	1,030	1,067	1,406
Exceptional items	-61	-22	-12	89	-5	0	-50
Profit before tax	845	854	1,184	2,013	2,786	3,624	5,119
Tax	219	262	360	680	1,004	1,214	1,729
Tax %	25.9%	30.7%	30.4%	33.8%	36%	33.5%	33.8%
PAT	627	592	824	1,333	1,782	2,409	3,390
EPS (₹)	166.6	160	217.8	321.1	395.6	575.4	838.1
EPS adjusted (₹)	166.6	159.9	217.8	321	395.5	575.2	837.8
	18.6%	16.3%	20.2%	18.4%	0%	32.5%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10	10	10	10	10
Reserves	1,345	1,857	2,141	2,464	2,453	2,894	5,069	3,231	2,830	4,677	6,456
Minority interest	681	928	1,191	1,426	1,516	1,759	2,203	2,804	4,152	5,469	6,426
	1,353	1,514	6,141	8,842	9,506	12,562	16,030	25,013	26,232	32,488	36,156
	2,398	3,008	5,277	5,429	7,241	6,211	7,240	8,291	11,503	11,537	14,959
Total equity & liabilities	5,787	7,317	14,761	18,170	20,726	23,436	30,552	39,350	44,727	54,181	64,008
	2,103	2,819	3,489	3,892	4,038	4,713	6,202	6,794	5,489	7,378	8,330
CWIP	102	101	356	615	858	883	329	394	334	668	976
Investments	816	1,241	484	491	335	811	782	1,160	477	1,320	1,217
	2,766	3,157	10,432	13,172	15,495	17,030	23,239	31,002	38,427	44,816	53,485
Total assets	5,787	7,317	14,761	18,170	20,726	23,436	30,552	39,350	44,727	54,181	64,008

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Automotive Vehicles & Parts	48,909.7	3,994.18	20,767.29	15,784.08	4,983.21	80.15
Financial Services	9,518.69	1,511.38

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.2%	34.8%	34.8%	35.9%	38.2%	39.8%	40%
EBITDA margin %	12.1%	11.8%	11.7%	12.7%	14.6%	15.4%	15.8%
EBIT margin %	8.9%	8.6%	8.4%	9.7%	12%	13%	13.3%
PAT margin %	3.2%	2.9%	3.2%	4%	4.4%	5.4%	5.8%
Working capital
Receivable days	29	22	19	16	—	—	—
Inventory days	42	46	44	40	59	33	26
Payable days	96	125	107	93	—	—	—
NWC days	-25	-57	-44	-37	—	—	—
Leverage
Current ratio	0.97	0.97	1.09	0.88	—	—	—
Debt to EBITDA	3.94	5.26	5.36	5.89	4.47	4.7	3.95
Debt to equity	3.86	4.32	3.16	7.72	9.24	6.93	5.59
Interest coverage	2	1.9	2.2	2.4	2.4	2.6	3
Asset turnover	0.96	0.87	0.84	0.85	0.9	0.83	0.91
Return ratios
Return on assets %	3%	2.5%	2.7%	3.4%	4%	4.4%	5.3%
Return on capital employed %	18.1%	16.5%	15.6%	20.6%	—	—	—
Return on equity %	25.4%	20.4%	16.2%	41.1%	62.8%	51.4%	52.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%	74.45%
	0.99%	1.13%	2.32%	2.53%	2.62%	2.66%	2.69%	2.84%	3%	3.12%	3.29%	3.25%
	12.56%	12.2%	11.19%	10.47%	10.31%	10.13%	10.28%	10.02%	9.87%	9.86%	9.83%	9.78%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	12%	12.22%	12.04%	12.55%	12.62%	12.76%	12.58%	12.69%	12.68%	12.57%	12.43%	12.52%
No. of shareholders	—	—	—	—	—	—	—	—	31,852	30,612	30,722	30,197

Promoter holding up 0 percentage points since Sep 2023.

22 deals · 15 Nov 2021 – 9 May 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 May 2025	VS TRUST	Block	BSE	Buy	5,56,375	₹9,008.30	₹501.20 Cr
9 May 2025	SUNDARAM FINANCE HOLDINGS LIMITED	Block	BSE	Sell	5,56,375	₹9,008.30	₹501.20 Cr
9 May 2025	VS TRUST	Bulk	BSE	Buy	5,56,375	₹9,008.30	₹501.20 Cr
9 May 2025	SUNDARAM FINANCE HOLDINGS LIMITED	Bulk	BSE	Sell	5,56,375	₹9,008.30	₹501.20 Cr
18 Feb 2025	BHATIA SURESH	Block	BSE	Sell	16,250	₹8,500.00	₹13.81 Cr
18 Feb 2025	AARTI BHATIA	Block	BSE	Buy	16,250	₹8,500.00	₹13.81 Cr
27 Mar 2024	VS TRUST	Block	BSE	Buy	2,02,321	₹8,138.90	₹164.67 Cr
27 Mar 2024	SUNDARAM FINANCE HOLDINGS LIMITED	Block	BSE	Sell	2,02,321	₹8,138.90	₹164.67 Cr
27 Mar 2024	VS TRUST	Bulk	BSE	Buy	2,02,321	₹8,138.90	₹164.67 Cr
27 Mar 2024	SUNDARAM FINANCE HOLDINGS LIMITED	Bulk	BSE	Sell	2,02,321	₹8,138.90	₹164.67 Cr

1–10 of 22

1 / 3

Mr. VENU SRINIVASANNon-Executive - Non Independent Director-Chairperson
Mr. SUDARSHAN VENUExecutive Director-MD
Mr. KUPPUSWAMY GOPALADESIKANExecutive Director
Mr. RAJARANGAMANI GOPALANNon-Executive - Non Independent Director
Ms. SASIKALA VARADACHARINon-Executive - Independent Director
Mr. ANUJ SHAHNon-Executive - Independent Director
Mr. CHITTRANJAN DUANon-Executive - Independent Director
Mr. TIMM TILLERNon-Executive - Independent Director
Mr. P Sreejith RajChief Compliance Officer
R Raja PrakashCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

4.35%

of the company's equity

All mutual funds

7.49%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

11 schemes · 5 fund houses

		Shares
ELSS Tax Saver Fund	SBI Mutual Fund	2.68 L	355.27	1.12%	1.329%	-0
ELSS Tax Saver Fund	Nippon India Mutual Fund	2.66 L	351.47	2.39%	1.315%	-0
Small Cap FundNEW	ICICI Prudential Mutual Fund	1.03 L	135.96	1.38%	0.509%	—
Flexi Cap FundNEW	ICICI Prudential Mutual Fund	94,447	124.98	0.48%	0.468%	—
Value Fund	ICICI Prudential Mutual Fund	52,585	69.59	0.12%	0.26%	-930
Business Cycle Fund	ICICI Prudential Mutual Fund	30,807	40.77	0.26%	0.153%	-0
Manufacturing Fund	ICICI Prudential Mutual Fund	30,731	40.67	0.57%	0.152%	-2,999
Dividend Yield FundNEW	ICICI Prudential Mutual Fund	23,533	31.14	0.46%	0.117%	—

1–8 of 11

1 / 2

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

33

Interim dividend2 Apr 2026 · ex-date₹86
Interim dividend28 Mar 2025 · ex-date₹93
Interim dividend2 Apr 2024 · ex-date₹94
Interim dividend3 Feb 2023 · ex-date₹59
Interim dividend29 Mar 2022 · ex-date₹44
Interim dividend30 Mar 2021 · ex-date₹11
Interim dividend4 Feb 2021 · ex-date₹15
Interim dividend17 Mar 2020 · ex-date₹31
Interim dividend18 Mar 2019 · ex-date₹16
Interim dividend31 Jan 2019 · ex-date₹20
Interim dividend22 Mar 2018 · ex-date₹15
Interim dividend20 Mar 2017 · ex-date₹16.5
Interim dividend10 Nov 2016 · ex-date₹15
Interim dividend21 Mar 2016 · ex-date₹20
Interim dividend16 Feb 2016 · ex-date₹21
Interim dividend13 May 2015 · ex-date₹6
Interim dividend25 Mar 2015 · ex-date₹4
Interim dividend9 Feb 2015 · ex-date₹9
Interim dividend19 May 2014 · ex-date₹6.5
Interim dividend24 Mar 2014 · ex-date₹3.75
Interim dividend31 Oct 2013 · ex-date₹9
Interim dividend13 May 2013 · ex-date₹5
Interim dividend13 Feb 2013 · ex-date₹9
Interim dividend26 Apr 2012 · ex-date₹5.75
Interim dividend17 Aug 2011 · ex-date₹3.25
Interim dividend2 Feb 2011 · ex-date₹2.5
Interim dividend17 Aug 2010 · ex-date₹1.25
Interim dividend29 Jan 2010 · ex-date₹0.5
Dividend dividend4 Sept 2009 · ex-date₹1
Interim dividend12 Dec 2008 · ex-date₹1
Interim dividend29 Aug 2008 · ex-date₹1.75
Interim dividend2 Nov 2007 · ex-date₹7
Final dividend26 Sept 2007 · ex-date₹2

1

Board meeting to consider results21 Jul 2026

1

Bonus 1:19 Oct 2009 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

30 Sept 2026, 6:58 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.2%	34.8%	34.8%	35.9%	38.2%	39.8%	40%
EBITDA margin %	12.1%	11.8%	11.7%	12.7%	14.6%	15.4%	15.8%
EBIT margin %	8.9%	8.6%	8.4%	9.7%	12%	13%	13.3%
PAT margin %	3.2%	2.9%	3.2%	4%	4.4%	5.4%	5.8%
Working capital
Receivable days	29	22	19	16	—	—	—
Inventory days	42	46	44	40	59	33	26
Payable days	96	125	107	93	—	—	—
NWC days	-25	-57	-44	-37	—	—	—
Leverage
Current ratio	0.97	0.97	1.09	0.88	—	—	—
Debt to EBITDA	3.94	5.26	5.36	5.89	4.47	4.7	3.95
Debt to equity	3.86	4.32	3.16	7.72	9.24	6.93	5.59
Interest coverage	2	1.9	2.2	2.4	2.4	2.6	3
Asset turnover	0.96	0.87	0.84	0.85	0.9	0.83	0.91
Return ratios
Return on assets %	3%	2.5%	2.7%	3.4%	4%	4.4%	5.3%
Return on capital employed %	18.1%	16.5%	15.6%	20.6%	—	—	—
Return on equity %	25.4%	20.4%	16.2%	41.1%	62.8%	51.4%	52.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

Date	Category	Subject	Filing
30 Sept 2026, 6:58 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 Sept 2026, 6:48 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 7:14 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
5 Sept 2026, 12:13 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
27 Aug 2026, 6:13 pm	Corp. Action Record Date	Corporate Action - Fixes Record Date For Issuance Of 6% Cumulative Non Convertible Redeemable Preference Shares Of INR 10 (Rupees Ten Only) Each By Way Of Bonus	PDF
27 Aug 2026, 3:16 pm	Company Update General	Intimation Of Receipt Of The Certified Copy Of The Order Dated 18Th August 2026 Passed By The Hon''ble National Company Law Tribunal, Chennai Bench, Sanctioning The Scheme Along With The Certified Copy Of The Scheme	PDF
19 Aug 2026, 6:39 pm	Company Update General	Approval Of The Scheme Of Arrangement Between TVS Holdings Limited And Its Shareholders	PDF
31 Jul 2026, 6:03 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,075	839	324	-710	458	1,215	-1,548	-4,111	-867	3,535	1,137
	-715	-817	-1,379	-1,324	-1,055	-979	-1,705	-1,439	1,533	-3,227	-3,015
	-373	-62	1,198	2,085	1,795	261	3,116	5,979	275	1,579	1,792
Net cash flow	—	—	—	—	—	496	-137	429	941	1,886	-86
Free cash flow	—	—	—	—	—	234	-2,584	-5,596	-1,986	1,052	-2,156
CFO / Operating profit %	—	—	—	—	19%	50.9%	-51.8%	-96.8%	-14.8%	51.1%	12.4%

Tvs Holdings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

33

1

1

Announcements

33

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Automotive Components · revenue

Tvs Holdings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends33

Board meetings1

Bonus issues1

Announcements

Dividends33

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Automotive Components · revenue

33

1

1

33

1

1