About
TVS Motor Company Limited, together with its subsidiaries, engages in the manufacture and sale of automotive vehicles and components, spare parts, and accessories in India and internationally. The company operates through Automotive Vehicles & Parts and Related Investments; and Investment Held in Financial Services segments. The company offers motorcycles under the Apache RTR, Apache RR, Ronin, Raider, Radeon, StaR City+, HLX, and Sport brand names; scooters under the Jupiter, Neo, Ntorq, and Zest brands; electric vehicles under the TVS X, Orbiter, and iQUBE brands; mopeds under the XL 100 brand name; and three wheelers under the TVS King brand name. It also provides e-bikes under the Cilo, Simpel, Zenith, and Allegro brands; e-cargo bikes and accessories; and electric mobility, predictive analytics, and industrial IoT solutions. In addition, the company is involved in procurement, refurbishment, and retailing of the pre-owned multi-brand two-wheeler motorcycles and scooters; and development, design, manufacture, sale and distribution of high-tech products and components in the field of personal e-mobility. Further, it offers financing services for two and three wheelers, used and new tractors and commercial vehicles, consumer durables, personal loan, gold loan, and mid corporate loans. The company was incorporated in 1992 and is headquartered in Chennai, India. TVS Motor Company Limited operates as a subsidiary of TVS Holdings Limited.
Key Metrics
as of Sep 2026Market Cap196,358 Cr
P/E56.80
Div Yield0.29 %
Book Value₹201.00
52w High₹4,485.00
52w Low₹3,228.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,896.00 | 12,808.00 | 12,476.00 | 11,905.00 | 10,081.00 | 9,550.00 | 9,097.00 | 9,228.00 | 8,376.00 | 8,169.00 | 8,245.00 | 8,145.00 | 7,218.00 |
| Expenses | 12,117.00 | 11,128.00 | 10,843.00 | 10,397.00 | 8,818.00 | 8,220.00 | 8,016.00 | 8,148.00 | 7,415.00 | 7,243.00 | 7,321.00 | 7,245.00 | 6,454.00 |
| Operating Profit | 1,779.00 | 1,679.00 | 1,633.00 | 1,509.00 | 1,263.00 | 1,331.00 | 1,081.00 | 1,080.00 | 960.00 | 926.00 | 924.00 | 900.00 | 764.00 |
| OPM % | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | 14.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Other Income | 151.00 | -16.00 | -69.00 | -21.00 | 34.00 | -74.00 | -23.00 | 30.00 | 36.00 | -29.00 | 73.00 | 46.00 | 58.00 |
| Depreciation | 265.00 | 246.00 | 235.00 | 214.00 | 204.00 | 200.00 | 188.00 | 181.00 | 176.00 | 189.00 | 178.00 | 170.00 | 164.00 |
| Interest | 76.00 | 59.00 | 58.00 | 47.00 | 40.00 | 36.00 | 34.00 | 32.00 | 37.00 | 37.00 | 45.00 | 52.00 | 47.00 |
| Profit before tax | 1,589.00 | 1,358.00 | 1,271.00 | 1,226.00 | 1,053.00 | 1,020.00 | 837.00 | 897.00 | 783.00 | 672.00 | 775.00 | 724.00 | 610.00 |
| Tax % | 26.00 | 27.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 28.00 | 23.00 | 26.00 | 23.00 |
| Net Profit | 1,174.00 | 998.00 | 938.00 | 906.00 | 779.00 | 761.00 | 618.00 | 663.00 | 577.00 | 485.00 | 593.00 | 537.00 | 468.00 |
| EPS in Rs | 24.71 | 21.00 | 19.75 | 19.07 | 16.39 | 16.01 | 13.02 | 13.95 | 12.15 | 10.22 | 12.49 | 11.29 | 9.84 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47,270.00 | 36,251.00 | 31,776.00 | 26,378.00 | 20,791.00 | 16,751.00 | 16,423.00 | 18,210.00 | 15,175.00 | 12,135.00 | 11,105.00 | 10,042.00 |
| Expenses | 41,191.00 | 31,789.00 | 28,262.00 | 23,703.00 | 18,829.00 | 15,320.00 | 15,077.00 | 16,775.00 | 14,000.00 | 11,276.00 | 10,291.00 | 9,436.00 |
| Operating Profit | 6,079.00 | 4,463.00 | 3,514.00 | 2,675.00 | 1,962.00 | 1,430.00 | 1,346.00 | 1,435.00 | 1,175.00 | 859.00 | 813.00 | 607.00 |
| OPM % | 13.00 | 12.00 | 11.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 |
| Other Income | -71.00 | -24.00 | 149.00 | 101.00 | -11.00 | 31.00 | 0.00 | 6.00 | 99.00 | 171.00 | 100.00 | 30.00 |
| Interest | 204.00 | 139.00 | 182.00 | 141.00 | 126.00 | 142.00 | 102.00 | 81.00 | 57.00 | 44.00 | 49.00 | 27.00 |
| Depreciation | 901.00 | 748.00 | 700.00 | 631.00 | 611.00 | 494.00 | 489.00 | 399.00 | 339.00 | 288.00 | 236.00 | 153.00 |
| Profit before tax | 4,904.00 | 3,551.00 | 2,781.00 | 2,003.00 | 1,213.00 | 826.00 | 754.00 | 961.00 | 879.00 | 699.00 | 629.00 | 456.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 21.00 | 30.00 | 25.00 | 20.00 | 22.00 | 24.00 |
| Net Profit | 3,615.00 | 2,634.00 | 2,083.00 | 1,491.00 | 894.00 | 612.00 | 592.00 | 670.00 | 663.00 | 558.00 | 489.00 | 348.00 |
| EPS in Rs | 76.10 | 55.44 | 43.84 | 31.38 | 18.81 | 12.88 | 12.47 | 14.11 | 13.95 | 11.75 | 10.30 | 7.32 |
| Dividend Payout % | 16.00 | 18.00 | 18.00 | 16.00 | 20.00 | 27.00 | 28.00 | 25.00 | 24.00 | 21.00 | 24.00 | 26.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 |
| Reserves | 11,187.00 | 9,850.00 | 7,684.00 | 6,000.00 | 4,775.00 | 4,123.00 | 3,571.00 | 3,300.00 | 2,833.00 | 2,361.00 | 1,911.00 | 1,598.00 |
| Borrowings | 3,733.00 | 2,037.00 | 1,964.00 | 2,663.00 | 1,963.00 | 1,230.00 | 2,132.00 | 1,400.00 | 1,189.00 | 1,107.00 | 924.00 | 970.00 |
| Other Liabilities | 10,948.00 | 8,017.00 | 6,368.00 | 5,281.00 | 5,118.00 | 4,797.00 | 3,611.00 | 3,622.00 | 3,087.00 | 2,389.00 | 2,069.00 | 1,989.00 |
| Total Liabilities | 25,916.00 | 19,952.00 | 16,062.00 | 13,992.00 | 11,902.00 | 10,197.00 | 9,361.00 | 8,369.00 | 7,156.00 | 5,905.00 | 4,952.00 | 4,605.00 |
| Fixed Assets | 5,460.00 | 4,402.00 | 3,772.00 | 3,596.00 | 3,307.00 | 3,010.00 | 2,900.00 | 2,579.00 | 2,372.00 | 1,984.00 | 1,720.00 | 1,330.00 |
| CWIP | 1,360.00 | 1,239.00 | 930.00 | 628.00 | 424.00 | 279.00 | 285.00 | 257.00 | 131.00 | 62.00 | 31.00 | 89.00 |
| Investments | 11,647.00 | 9,163.00 | 6,991.00 | 5,684.00 | 4,716.00 | 3,315.00 | 2,606.00 | 2,301.00 | 2,035.00 | 1,588.00 | 1,215.00 | 1,012.00 |
| Other Assets | 7,449.00 | 5,147.00 | 4,369.00 | 4,085.00 | 3,455.00 | 3,594.00 | 3,570.00 | 3,232.00 | 2,618.00 | 2,271.00 | 1,987.00 | 2,173.00 |
| Total Assets | 25,916.00 | 19,952.00 | 16,062.00 | 13,992.00 | 11,902.00 | 10,197.00 | 9,361.00 | 8,369.00 | 7,156.00 | 5,905.00 | 4,952.00 | 4,605.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5,730.00 | 4,292.00 | 3,617.00 | 1,993.00 | 1,498.00 | 2,561.00 | 1,394.00 | 1,098.00 | 1,297.00 | 724.00 | 941.00 | 85.00 |
| Cash from Investing Activity | -4,310.00 | -3,870.00 | -1,896.00 | -2,312.00 | -2,141.00 | -921.00 | -1,289.00 | -1,002.00 | -1,131.00 | -748.00 | -608.00 | -493.00 |
| Cash from Financing Activity | -1,344.00 | -588.00 | -1,470.00 | 225.00 | 113.00 | -1,196.00 | 271.00 | 81.00 | -75.00 | -73.00 | -306.00 | 331.00 |
| Net Cash Flow | 76.00 | -166.00 | 251.00 | -94.00 | -530.00 | 445.00 | 375.00 | 177.00 | 91.00 | -97.00 | 27.00 | -78.00 |
| Free Cash Flow | 3,805.00 | 2,512.00 | 2,562.00 | 996.00 | 770.00 | 2,005.00 | 683.00 | 369.00 | 504.00 | 112.00 | 454.00 | -320.00 |
| CFO/OP % | 114.00 | 115.00 | 120.00 | 93.00 | 92.00 | 193.00 | 117.00 | 93.00 | 131.00 | 99.00 | 134.00 | 37.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16.00 | 13.00 | 15.00 | 14.00 | 17.00 | 19.00 | 28.00 | 28.00 | 23.00 | 22.00 | 19.00 | 18.00 |
| Inventory Days | 17.00 | 24.00 | 21.00 | 23.00 | 26.00 | 33.00 | 31.00 | 31.00 | 32.00 | 40.00 | 32.00 | 41.00 |
| Days Payable | 90.00 | 87.00 | 80.00 | 75.00 | 93.00 | 112.00 | 87.00 | 77.00 | 82.00 | 77.00 | 71.00 | 74.00 |
| Cash Conversion Cycle | -56.00 | -50.00 | -43.00 | -39.00 | -50.00 | -60.00 | -27.00 | -18.00 | -27.00 | -15.00 | -20.00 | -15.00 |
| Working Capital Days | -55.00 | -42.00 | -35.00 | -38.00 | -42.00 | -45.00 | -38.00 | -19.00 | -30.00 | -20.00 | -15.00 | -8.00 |
| ROCE % | 38.00 | 34.00 | 31.00 | 27.00 | 22.00 | 17.00 | 17.00 | 24.00 | 24.00 | 23.00 | 23.00 | 21.00 |
Corporate Actions
47 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 30 Mar 2026 | 31 Mar 2026 | — | 12.00 | |
| Bonus | 25 Aug 2025 | 25 Aug 2025 | 4:1 | — | |
| Other | 25 Aug 2025 | 25 Aug 2025 | — | — | Scheme of Arrangement |
| Dividend | 26 Mar 2025 | 26 Mar 2025 | — | 10.00 | |
| Dividend | 19 Mar 2024 | 19 Mar 2024 | — | 8.00 | |
| Dividend | 02 Feb 2023 | 02 Feb 2023 | — | 5.00 | |
| Dividend | 25 Mar 2022 | 28 Mar 2022 | — | 3.75 | |
| Dividend | 30 Mar 2021 | 02 Apr 2021 | — | 1.40 | |
| Dividend | 04 Feb 2021 | 05 Feb 2021 | — | 2.10 | |
| Dividend | 17 Mar 2020 | 18 Mar 2020 | — | 1.40 | |
| Dividend | 11 Feb 2020 | 12 Feb 2020 | — | 2.10 | |
| Dividend | 18 Mar 2019 | 19 Mar 2019 | — | 1.40 | |
| Dividend | 30 Oct 2018 | 31 Oct 2018 | — | 2.10 | |
| Dividend | 06 Mar 2018 | 07 Mar 2018 | — | 1.30 | |
| Dividend | 08 Nov 2017 | 09 Nov 2017 | — | 2.00 | |
| Dividend | 14 Mar 2017 | 15 Mar 2017 | — | 1.25 | |
| Dividend | 03 Nov 2016 | 05 Nov 2016 | — | 1.25 | |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 1.50 | |
| Dividend | 04 Feb 2016 | 06 Feb 2016 | — | 1.00 | |
| Other | 24 Jul 2015 | — | — | — | Annual General Meeting |
| Dividend | 05 May 2015 | 06 May 2015 | — | 1.15 | |
| Dividend | 06 Feb 2015 | 09 Feb 2015 | — | 0.75 | |
| Other | 10 Jul 2014 | — | — | — | Annual General Meeting |
| Other | 06 Jun 2014 | 09 Jun 2014 | — | — | E-Voting |
| Dividend | 02 May 2014 | 05 May 2014 | — | 0.75 | |
| Dividend | 30 Oct 2013 | 31 Oct 2013 | — | 0.65 | |
| Other | 15 Jul 2013 | — | — | — | Annual General Meeting |
| Dividend | 03 May 2013 | 06 May 2013 | — | 0.60 | |
| Other | 03 May 2013 | 06 May 2013 | — | — | Second Interim Dividend Re.0.60 Per Equity Share (Purpose Revised) |
| Dividend | 06 Feb 2013 | 07 Feb 2013 | — | 0.60 | |
| Other | 07 Sep 2012 | — | — | — | Annual General Meeting |
| Dividend | 04 Jun 2012 | 05 Jun 2012 | — | 0.70 | |
| Dividend | 20 Mar 2012 | 21 Mar 2012 | — | 0.60 | |
| Dividend | 02 Aug 2011 | — | — | 0.60 | |
| Dividend | 25 Jan 2011 | 27 Jan 2011 | — | 0.50 | |
| Bonus | 08 Sep 2010 | 09 Sep 2010 | 1:1 | — | |
| Dividend | 26 Jul 2010 | — | — | 0.50 | |
| Dividend | 25 Jan 2010 | 27 Jan 2010 | — | 0.70 | |
| Dividend | 29 Jun 2009 | — | — | 0.70 | |
| Dividend | 06 Aug 2008 | — | — | 0.70 | |
| Dividend | 10 Aug 2007 | — | — | 0.15 | |
| Dividend | 27 Oct 2006 | 30 Oct 2006 | — | 0.70 | |
| Other | 11 Aug 2006 | — | — | — | Agm |
| Dividend | 03 Jul 2006 | 04 Jul 2006 | — | 0.60 | |
| Dividend | 03 Jun 2005 | — | — | 0.60 | |
| Dividend | 22 Feb 2002 | 08 Mar 2002 | — | 9.00 | |
| Dividend | 29 Aug 2001 | — | — | 8.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Jul from care
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Rating update3 Jul from care
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Rating update5 Sep 2025 from care
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Rating update23 Jun 2025 from care
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Rating update27 Sep 2024 from care
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Rating update28 Sep 2023 from care