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TVS Holdings

TVSHLTD NSE
₹12,237.00 −152.00 (−1.23%)
P/E
12.55
View as Markdown
MCP
Close 4 Nov 2026 ₹12,237.00 −2,783.00 −18.5% 1Y
Start ₹15,020.00

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.00%
Debt to Equity
5.59
EPS (TTM)
₹975.44
Book Value
₹3,310.10
Market Cap
—
P/E (TTM)
12.55
P/B
3.70
ROE
30.60%
Dividend Yield
0.69%
EBITDA
₹9,233 Cr
52W High
₹16,297.00
52W Low
₹10,790.00
Day Range
₹12,121.00 – ₹12,385.00
Volume
3,073

Peer Comparison

Financial Services › Investment Company

TVS Holdings peer comparison
Jio Financial
₹222.2784.51₹1,43,288 Cr1.160.28%1.19%1.86%₹5,623 Cr₹1,711 Cr
Aditya Birla Capital
₹379.9525.26₹1,05,060 Cr2.440.00%12.00%—₹48,186 Cr₹4,119 Cr
Tata Investment Corporation
₹564.5066.26₹28,326 Cr0.920.61%1.44%1.57%₹404 Cr₹431 Cr
Cholamandalam Financial Holdings
₹1,374.809.67₹26,343 Cr1.670.09%17.50%—₹40,890 Cr₹6,015 Cr
TVS Holdings (this company)
₹12,237.0012.55₹24,865 Cr3.700.69%30.60%17.00%₹62,488 Cr₹3,888 Cr
Maharashtra Scooters
₹11,775.0048.32₹13,738 Cr0.421.32%1.06%1.06%₹289 Cr₹279 Cr
JSW Holdings
₹10,942.0088.41₹12,133 Cr0.340.00%0.46%0.59%₹184 Cr₹138 Cr
Median 7 companies₹1,374.8048.32₹26,343 Cr1.160.28%1.44%1.57%₹5,623 Cr₹1,711 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
77
Strong
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
91
Strong
Sales & profit trajectory 9% weight
Financial Health
48
Average
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
39
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 38.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

Weaknesses

1
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish937
OscillatorsNeutral333
Moving AveragesStrong Bearish604

Key readings

RSI (14)
55.86
Neutral
MACD (12,26,9)
−87.73
Bullish
SMA (50)
12,410.98
Bearish
SMA (200)
13,728.96
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+16.65%
5Y+23.37%
3Y+19.99%
1Y+29.25%
TTM+31.68%

Net profit

Net profit growth by window
10Y+21.79%
5Y+41.77%
3Y+36.50%
1Y+40.72%
TTM+49.37%

Operating cash flow

Operating cash flow growth by window
10Y+0.56%
5Y−1.32%
3YTurned positive
1Y−67.84%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.00 pp
5Y+3.71 pp
3Y+2.90 pp
1Y+0.48 pp
TTM+0.27 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹13,498 Cr
Mar 2018₹17,512 Cr
Mar 2019₹21,548 Cr
Mar 2020₹19,891 Cr
Mar 2021₹20,347 Cr
Mar 2022₹25,605 Cr
Mar 2023₹33,662 Cr
Mar 2024₹39,882 Cr
Mar 2025₹44,993 Cr
Mar 2026₹58,154 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹547 Cr
Mar 2018₹629 Cr
Mar 2019₹750 Cr
Mar 2020₹627 Cr
Mar 2021₹592 Cr
Mar 2022₹824 Cr
Mar 2023₹1,333 Cr
Mar 2024₹1,782 Cr
Mar 2025₹2,409 Cr
Mar 2026₹3,390 Cr

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

TVS Holdings Ltd trades at ₹12,237 as of 2026-11-04 with a market cap of ₹24,865 Cr. The company has demonstrated strong profit growth (40% CAGR over 3 years) and a healthy ROE of 26.3%, but carries a notably high debt-to-equity ratio of 5.59, typical of its financial services positioning. The stock sits roughly 25% below its 52-week high of ₹16,297.

Bull Case 8
  • Compounded profit growth of 40% over 3 years and 39% over 5 years indicates sustained earnings momentum well above broader market averages
  • TTM profit growth of 56% suggests an accelerating earnings trajectory in the most recent period
  • ROE of 26.3% (with a 3-year average of 29% and last year at 31%) reflects efficient capital deployment and strong shareholder value creation
  • PE ratio of 12.55x on TTM EPS of ₹975.44 is relatively moderate for a company delivering 40%+ profit growth, implying the stock is not stretched on an earnings basis
  • Compounded sales growth of 32% TTM and 20% over 3 years shows the top line is expanding meaningfully alongside profits
  • 10-year compounded profit CAGR of 20% and sales CAGR of 17% demonstrate a long track record of consistent growth, not just a cyclical spike
  • Stock price CAGR of 31% over 5 years and 28% over 3 years reflects long-term wealth creation for shareholders
  • Trading at ₹12,237 versus a 52-week high of ₹16,297 (about 25% below the peak) may offer a more favourable entry zone compared to recent highs
Bear Case 6
  • Debt-to-equity ratio of 5.59 is extremely elevated, magnifying balance sheet risk and sensitivity to interest rate movements
  • Concerns that the company might be capitalising interest costs raise questions about the true representation of reported profitability
  • Stock price CAGR of -13% over the past 1 year indicates significant recent underperformance and possible loss of market confidence
  • ROCE of 18.24% trails ROE of 26.3% by a wide margin, suggesting leverage is a significant driver of equity returns rather than pure operational efficiency
  • The gap between the 52-week low of ₹10,790 and high of ₹16,297 represents a 51% range, reflecting high price volatility and uncertainty
  • With a market cap of ₹24,865 Cr, the stock is in the mid-cap segment where liquidity can thin out during periods of market stress

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Limited news flow for TVS Holdings this period. The sole development is a ₹484 crore capital infusion into its NBFC subsidiary Home Credit India, which is performing reasonably with ₹132 crore PAT on ₹2,113 crore turnover in FY26. With no negative catalysts but also no fresh growth triggers visible, the near-term outlook hinges on how effectively the additional capital is deployed to scale the lending book.

Neutral 1
  • ₹484Cr infusion in Home Credit Nov 02

    TVS Holdings invested ₹483.91 crore via a rights issue in subsidiary Home Credit India Finance at ₹38.55 per share (12.55 crore shares), maintaining its 74.45% stake. HCIFPL reported FY26 turnover of ₹2,112.74 crore and PAT of ₹132.24 crore.

Quarterly Results

₹ Cr
TVSHLTD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
9,584
10,607
10,014
10,025
10,383
11,554
11,359
11,800
12,742
14,549
15,276
15,588
17,076
Expenses
8,232
9,124
8,474
8,508
8,907
9,878
9,544
9,908
10,741
12,288
12,815
13,189
14,301
Operating Profit
1,351
1,483
1,540
1,517
1,476
1,677
1,815
1,893
2,002
2,261
2,461
2,399
2,775
OPM %
14%
14%
15%
15%
14%
15%
16%
16%
16%
16%
16%
15%
16%
Other Income
1
11
7
19
15
8
22
18
11
13
−35
30
7
Interest
477
517
516
534
517
522
551
635
663
651
651
653
708
Depreciation
265
252
244
264
242
261
260
309
332
341
361
372
381
PBT
611
726
787
740
732
901
1,026
967
1,019
1,282
1,414
1,404
1,693
Tax %
33%
37%
32%
37%
34%
34%
33%
33%
34%
31%
31%
38%
31%
Net Profit
409
457
532
464
481
599
685
644
675
880
969
865
1,174
EPS (₹)
97.25
113
111
115
107
138
191
140
166
219
244
210
302

Profit & Loss

₹ Cr
TVSHLTD profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
11,340
12,464
13,498
17,512
21,548
19,891
20,347
25,605
33,662
39,882
44,993
58,154
62,488
Expenses
10,622
11,506
12,494
15,973
19,205
17,447
17,911
22,599
29,356
34,122
38,149
49,032
52,592
Operating Profit
717
959
1,004
1,539
2,343
2,444
2,437
3,006
4,306
5,760
6,844
9,122
9,896
OPM %
6%
8%
7%
9%
11%
12%
12%
12%
13%
14%
15%
16%
16%
Other Income
98
102
171
121
28
−40
−11
8
118
59
70
20
15
Interest
99
102
88
372
719
910
929
985
1,424
2,032
2,223
2,617
2,663
Depreciation
238
317
377
447
534
649
643
845
986
1,011
1,067
1,406
1,455
PBT
478
641
710
841
1,118
845
854
1,184
2,013
2,776
3,624
5,119
5,793
Tax %
29%
26%
23%
25%
33%
26%
31%
30%
34%
36%
34%
34%
—
Net Profit
345
472
547
629
750
627
592
824
1,333
1,782
2,409
3,390
3,888
EPS (₹)
105
144
163
167
214
167
160
218
322
396
576
839
975
Div. Payout %
18%
28%
19%
9%
17%
19%
16%
20%
18%
24%
16%
10%
—

Balance Sheet

₹ Cr
TVSHLTD balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
1,278
1,513
1,857
2,141
2,464
2,453
2,894
5,069
3,231
2,830
4,677
6,456
Borrowings
1,497
1,461
1,665
7,593
10,022
12,314
12,853
16,593
25,013
26,232
32,488
36,156
Other Liabilities
2,740
3,233
3,785
5,016
5,674
5,835
7,551
8,662
10,869
15,458
16,720
21,031
Total Liabilities
5,525
6,216
7,317
14,761
18,170
20,612
23,309
30,334
39,123
44,530
53,895
63,653
Fixed Assets
2,040
2,468
2,851
3,627
4,030
4,460
4,850
6,339
6,931
5,630
7,519
8,943
CWIP
102
69
101
396
756
1,017
1,050
560
821
1,029
1,482
2,074
Investments
601
1,055
1,333
607
618
472
673
644
1,022
1,204
1,320
1,217
Other Assets
2,782
2,624
3,032
10,131
12,766
14,663
16,735
22,790
30,348
36,667
43,574
51,419
Total Assets
5,525
6,216
7,317
14,761
18,170
20,612
23,309
30,334
39,123
44,530
53,895
63,653

Cash Flow

₹ Cr
TVSHLTD cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
138
1,075
838
324
−710
458
1,215
−1,548
−4,111
−867
3,535
1,137
Investing
−461
−715
−818
−1,379
−1,324
−1,055
−979
−1,705
−1,439
961
−2,857
−3,015
Financing
179
−373
−61
1,198
2,085
1,795
261
3,116
5,979
847
1,209
1,792
Net Cash Flow
−144
−13
−40
143
51
1,199
496
−137
429
941
1,886
−86
Free Cash Flow
−288
430
80
−954
−2,009
−551
238
−2,568
−5,574
−1,341
1,082
−2,064
CFO/OP
40
130
98
43
−16
29
60
−38
−79
5
70
32

Ratios

TVSHLTD financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
19
23
27
29
29
22
19
16
17
14
17
Inventory Days
58
48
55
44
41
42
46
44
39
60
33
26
Days Payable
77
76
83
94
84
97
124
107
92
99
103
104
Cash Conversion Cycle
0
−8
−5
−22
−14
−25
−57
−43
−37
−22
−57
−61
Working Capital Days
−7
−17
−22
−36
−1
93
71
81
−25
−32
−38
−34
ROCE %
18%
20%
19%
16%
15%
12%
11%
11%
12%
15%
15%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view TVS Holdings insights

63 extracted metrics across FY03–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.45%
  • Public 9.78%
  • DIIs 9.54%
  • Others 3.12%
  • FIIs 3.10%

15.67% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about TVS Holdings

What does TVS Holdings Ltd do?
Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
Where is TVS Holdings Ltd (TVSHLTD) listed?
TVS Holdings Ltd trades as TVSHLTD on the NSE and under code 520056 on the BSE.
Which sector does TVS Holdings Ltd belong to?
TVS Holdings Ltd is classified under the Financial Services sector, in the Investment Company industry.
What is the PE ratio of TVS Holdings Ltd?
TVS Holdings Ltd trades at a PE ratio of 12.55 as of 4 Nov 2026, on earnings per share of ₹975.44, against a book value of ₹3,310.1 per share.
What is the 52-week high and low of TVS Holdings Ltd?
Over the last 52 weeks TVS Holdings Ltd has traded between ₹10,790 and ₹16,297 as of 4 Nov 2026.
Does TVS Holdings Ltd pay dividends?
TVS Holdings Ltd has a dividend yield of 0.69%.
What is the Return on Equity (ROE) of TVS Holdings Ltd?
TVS Holdings Ltd reported a return on equity of 30.60%. Its debt-to-equity ratio is 5.59.

Company Information

Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.

Website sundaram-clayton.com
CEO Mr. Sudarshan Venu
Employees 56
Listed 23 Oct 2012
Face Value ₹5

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