Tvs Supply Chain Solutions Limited (TVSSCS)

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Tvs Supply Chain Solutions Limited (TVSSCS) · mywealthgrid

About

TVS Supply Chain Solutions operates logistics and transport services in industrials. Consolidated quarterly revenue ₹2.7–3.3 Cr with standalone segment ₹500 Cr; total market cap ₹5,443 Cr. Positioned as third-party contract logistics provider.

Face value: ₹1

Market cap

₹5,666 Cr

P/E

87.5×

P/B

2.8×

Dividend yield

ROE

ROCE

7.9%

Debt / equity

0.55

OPM

7.1%

EPS (TTM)

₹1.5

Book value

₹46.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Very high PE (84.06) against weak ROE (5.96%); market pricing in growth—verify if consolidated 10–12% growth is sustainable
Thin operating margins (7.11%); standalone posted loss of ₹3.13 Cr in Q2 FY26, signaling operational stress
Logistics sector faces structural margin pressure from fuel costs and customer consolidation; verify contract terms, customer mix, and pricing power
Stock down 1.11% over 1y vs sector; verify if reflects execution issues or market repricing

Generated analysis · source review pending

Growth drivers

Consolidated revenue accelerating: ₹2,662 Cr (Q2) → ₹3,335 Cr (Q1 FY27); verify if organic, M&A-driven, or cyclical
Standalone recovery: revenue ₹465 Cr (Q2) → ₹587 Cr (Q1) with restored profitability after loss
Moderate D/E of 0.55 provides financial room for capex if growth exists; verify expansion plans and capital priorities

Generated analysis · source review pending

763 historical price candles were omitted because the exchange source has not been verified.

₹128.4-2.2%1Y

Quick read

rule-based

Pros

+Profit CAGR of 39.9% over the last 3 years

Cons

−Low return on equity of -0.9% (3-yr avg)
−Thin operating margin of 7.1%
−Modest revenue growth of 3.3% a year over the last 3 years
−Weak interest coverage of 1.6×
−Expensive at 87.5× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 19
Growth: 53
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.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9,994	9,200	9,996	11,003
COGS	1,383	1,661	1,784	2,049
Gross profit	8,611	7,539	8,212	8,954
	7,949	6,848	7,521	8,171
	662	691	691	783
OPM %	6.6%	7.5%	6.9%	7.1%
Depreciation	502	557	544	570
Interest	185	203	157	158
	70	-0	38	114
Profit before tax	40	-69	29	169
Tax	-2	22	39	51
Tax %	-4.2%	31.5%	132.8%	30.6%
	42	-90	-10	117
PAT margin %	0.4%	-1%	-0.1%	1.1%
EPS (₹)	1	-2.4	-0.3	2.6
EPS adjusted (₹)	1.2	-2.3	-0.3	2.6
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	36	36	44	44	44
Reserves	—	687	1,771	1,758	1,989
Minority interest	—	36	30	34	29
	—	1,990	794	859	1,110
	—	3,461	3,191	3,063	4,027
Total equity & liabilities	—	6,211	5,829	5,758	7,200
	1,554	2,296	2,350	2,165	2,859
CWIP	—	14	3	74	9
Investments	—	105	93	98	280
	—	3,796	3,384	3,420	4,052
Total assets	—	6,211	5,829	5,758	7,200

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	734	128	672	746
	-233	-122	-147	-292
	-419	-592	-495	-449
Net cash flow	81	-586	30	5
Free cash flow	588	4	497	468
CFO / Operating profit %	110.8%	18.5%	97.2%	95.4%

Compounded sales growth

7 years: —
5 years: —
3 years: 3%
1 year: 10%

Compounded profit growth

7 years: —
5 years: —
3 years: 41%
1 year: —

Return on equity

7 years: —
5 years: —
3 years: 0%
Last year: 6%

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 %
Integrated Supply Chain Solutions	8,255.96	733.63	6,053.24	4,911.31	1,141.93	64.24
Global Forwarding Solutions	2,768.66	60.69

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86.2%	81.9%	82.2%	81.4%
EBITDA margin %	6.6%	7.5%	6.9%	7.1%
EBIT margin %	1.6%	1.5%	1.5%	1.9%
PAT margin %	0.4%	-1%	-0.1%	1.1%
Working capital
Receivable days	45	56	53	55
Inventory days	91	85	78	95
Payable days	377	301	289	318
NWC days	-241	-160	-158	-169
Leverage
Current ratio	0.91	1.09	1.08	1.02
Debt to EBITDA	3	1.15	1.24	1.42
Debt to equity	2.75	0.44	0.48	0.55
Interest coverage	1.3	0.9	1.2	1.6
Asset turnover	1.61	1.58	1.74	1.53
Return ratios
Return on assets %	0.7%	-1.6%	-0.2%	1.6%
Return on capital employed %	9.8%	7%	6.2%	7.9%
Return on equity %	5.8%	-5%	-0.5%	5.8%

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.

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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
	43.4%	43.17%	43.13%	43.12%	43.09%	43.04%	43.03%	43.03%	43.03%	43.03%	43.03%	43.03%
	1.08%	0.37%	0.23%	0.24%	2.35%	3.31%	3.58%	3.36%	3.48%	2.74%	2.45%	2.38%
	8.73%	7.83%	7.35%	6.75%	3.78%	3.74%	3.43%	2.44%	2.31%	2.19%	2.17%	2.17%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	46.79%	48.63%	49.29%	49.89%	50.78%	49.91%	49.96%	51.17%	51.18%	52.04%	52.35%	52.42%
No. of shareholders	—	—	—	—	—	—	—	—	1,23,462	1,22,775	1,22,833	1,19,325

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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.

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Fund holders

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

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.07%

of the company's equity

All mutual funds

0.11%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.25 L	4.14	0.17%	0.074%	-7,125
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,227	0.03	0.01%	0.001%	+10
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	380	0	0.01%	0%	+1

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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.

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

1 Oct 2026, 4:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Scheme of Arrangement PDF

28 Sept 2026, 4:39 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

7 Sept 2026, 3:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

24 Aug 2026, 9:50 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

17 Aug 2026, 4:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

11 Aug 2026, 6:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Aug 2026, 5:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

10 Aug 2026, 7:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
1 Oct 2026, 4:45 pm	Company Update Scheme of Arrangement	Announcement under Regulation 30 (LODR)-Scheme of Arrangement	PDF
28 Sept 2026, 4:39 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	86.2%	81.9%	82.2%	81.4%
EBITDA margin %	6.6%	7.5%	6.9%	7.1%
EBIT margin %	1.6%	1.5%	1.5%	1.9%
PAT margin %	0.4%	-1%	-0.1%	1.1%
Working capital
Receivable days	45	56	53	55
Inventory days	91	85	78	95
Payable days	377	301	289	318
NWC days	-241	-160	-158	-169
Leverage
Current ratio	0.91	1.09	1.08	1.02
Debt to EBITDA	3	1.15	1.24	1.42
Debt to equity	2.75	0.44	0.48	0.55
Interest coverage	1.3	0.9	1.2	1.6
Asset turnover	1.61	1.58	1.74	1.53
Return ratios
Return on assets %	0.7%	-1.6%	-0.2%	1.6%
Return on capital employed %	9.8%	7%	6.2%	7.9%
Return on equity %	5.8%	-5%	-0.5%	5.8%

12 deals · 13 Feb 2025 – 11 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	27,99,851	₹122.64	₹34.34 Cr
11 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	27,99,851	₹122.55	₹34.31 Cr
17 Jun 2025	TVS MOTOR COMPANY LIMITED	Block	NSE	Buy	39,50,000	₹144.00	₹56.88 Cr
17 Jun 2025	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Block	NSE	Sell	39,50,000	₹144.00	₹56.88 Cr
17 Jun 2025	TVS MOTOR COMPANY LIMITED	Bulk	NSE	Buy	39,50,000	₹144.00	₹56.88 Cr
17 Jun 2025	AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED	Bulk	NSE	Sell	39,50,000	₹144.00	₹56.88 Cr
18 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	26,38,780	₹134.99	₹35.62 Cr
18 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	26,38,780	₹134.89	₹35.59 Cr
17 Feb 2025	TVS MOTOR COMPANY LIMITED	Block	NSE	Buy	20,00,000	₹128.86	₹25.77 Cr
17 Feb 2025	ALLANZERS FIN NET PRIVATE LIMITED	Block	NSE	Sell	20,00,000	₹128.86	₹25.77 Cr

1–10 of 12

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Tvs Supply Chain Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Depreciation and amortisation · revenue

Tvs Supply Chain Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Board meetings1

Announcements

Quarterly record

Annual reports

Credit ratings

Investor Presentation and earnings call

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Depreciation and amortisation · revenue

1

1