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TVS Supply Chain Solutions

TVSSCS NSE
₹116.65 No trade today
P/E
79.90
View as Markdown
MCP
Close 4 Nov 2026 ₹116.65 −9.83 −7.77% 1Y
Start ₹126.48

Key Fundamentals

MicrocapTransport ServicesServices

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

ROCE
10.10%
Debt to Equity
1.36
EPS (TTM)
₹1.46
Book Value
₹46.09
Market Cap
—
P/E (TTM)
79.90
P/B
2.53
ROE
9.70%
Dividend Yield
0.00%
EBITDA
₹820 Cr
52W High
₹146.50
52W Low
₹90.32
Volume
0

Peer Comparison

Services › Logistics & Cargo › Logistics Solution Provider

TVS Supply Chain Solutions peer comparison
Container Corporation of India
₹425.1026.08₹32,864 Cr2.420.84%9.81%12.60%₹9,085 Cr₹1,248 Cr
Delhivery
₹418.00331.75₹31,669 Cr3.190.00%−0.21%1.01%₹11,145 Cr₹94 Cr
Shadowfax Technologies
₹279.5074.53₹16,409 Cr8.690.00%10.70%10.30%₹4,608 Cr₹172 Cr
Blue Dart Express
₹4,437.8036.68₹10,508 Cr5.930.57%15.70%15.80%₹6,357 Cr₹286 Cr
Transport Corporation of India
₹864.1014.52₹6,695 Cr2.331.15%19.20%19.40%₹5,026 Cr₹461 Cr
VRL Logistics
₹331.2021.69₹5,356 Cr5.071.69%21.70%18.30%₹3,356 Cr₹268 Cr
TVS Supply Chain Solutions (this company)
₹116.6579.90₹5,056 Cr2.530.00%9.70%10.10%₹11,746 Cr₹67 Cr
Median 7 companies₹418.0036.68₹10,508 Cr3.190.57%10.70%12.60%₹6,357 Cr₹268 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

43 Weak

Data confidence 100/100

pledge:32%

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
39
Weak
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
19
Poor
Solvency, leverage, coverage 9% weight
Momentum
49
Average
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
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

1
  • Company has delivered good profit growth of 28.8% CAGR over last 5 years

Weaknesses

6
  • Stock is trading at 2.73 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.68% over past five years.
  • Company has a low return on equity of 1.34% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 31.9% of their holding.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsBearish351
Moving AveragesStrong Bearish703

Key readings

RSI (14)
47.60
Neutral
MACD (12,26,9)
−4.50
Bearish
SMA (50)
124.78
Bearish
SMA (200)
119.96
Bearish

As of

Growth Rate

From the financial statements below. 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
5Y+9.67%
3Y+3.26%
1Y+10.07%
TTM+16.89%

Net profit

Net profit growth by window
5YTurned to profit
3Y+40.71%
1YTurned to profit
TTM+24.07%

Operating cash flow

Operating cash flow growth by window
5Y+0.94%
3Y+0.54%
1Y+11.01%
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y+1.36 pp
3Y+0.35 pp
1Y+0.34 pp
TTM+0.23 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹6,780 Cr
Mar 2020₹6,605 Cr
Mar 2021₹6,934 Cr
Mar 2022₹9,250 Cr
Mar 2023₹9,994 Cr
Mar 2024₹9,200 Cr
Mar 2025₹9,996 Cr
Mar 2026₹11,003 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019−₹33.00 Cr
Mar 2020−₹248 Cr
Mar 2021−₹76.00 Cr
Mar 2022−₹46.00 Cr
Mar 2023₹42.00 Cr
Mar 2024−₹90.00 Cr
Mar 2025−₹10.00 Cr
Mar 2026₹117 Cr

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹137.00 +4.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

TVS Supply Chain Solutions is a ₹6,035 Cr market-cap logistics company that achieved a significant turnaround in FY26 with consolidated revenue of ₹11,003 Cr (up 10.1% YoY) and PAT of ₹117 Cr versus a loss of ₹9.64 Cr in FY25. However, it trades at a PE of 51.2x with a 3-year average ROE of just 1% and promoters have pledged 31.9% of their holding.

Bull Case 8
  • Strong profit turnaround: consolidated PAT swung from a loss of ₹9.64 Cr in FY25 to a profit of ₹117 Cr in FY26
  • Record consolidated revenue of ₹11,003 Cr in FY26, representing 10.1% YoY growth
  • Q4 FY26 revenue grew 21.3% YoY to ₹3,032 Cr, indicating accelerating momentum
  • Compounded profit growth of 71% CAGR over 3 years and 29% CAGR over 5 years demonstrates earnings recovery trajectory
  • Adjusted EBITDA in Q3 FY26 grew 33% YoY to ₹199 Cr, showing operating leverage
  • FY26 consolidated adjusted EBITDA of ₹820 Cr versus ₹724 Cr in FY25, a 13% improvement
  • Last year ROE improved to 10% from a 3-year average of 1%, signaling improving capital efficiency
  • Management guidance targets double-digit growth and margin improvement for FY27, supported by robust order pipeline
Bear Case 8
  • Elevated valuation at PE of 51.2x despite only recently turning profitable at the consolidated level
  • Promoters have pledged 31.9% of their holding, creating overhang and potential forced-selling risk
  • 3-year average ROE of just 1% and 5-year average ROE of -1%, indicating prolonged period of poor capital returns
  • Poor sales CAGR of only 3% over 3 years and 10% over 5 years for a company at this valuation multiple
  • Zero dividend yield — no shareholder returns despite being a listed entity since its IPO
  • Price-to-book of 2.94x is elevated given the historically low return on equity profile
  • Potential interest cost capitalization raises questions about true profitability and asset quality
  • Consolidated net profit margin remains thin at approximately 1.06% (₹117 Cr PAT on ₹11,003 Cr revenue)

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

AI News Digest

94d ago

TL;DR: TVS Supply Chain Solutions is on a strong operational footing, delivering record revenue of ₹11,003 crore in FY26 and consolidating its corporate structure through NCLT-approved amalgamation. No material headwinds are visible in recent news flow. Leadership changes and ESG disclosures signal continued institutional maturity. The trend is constructive, with growth momentum intact heading into FY27.

Positives 2
  • Record ₹11,003 Cr FY26 revenue Jul 11

    TVS SCS posted highest-ever revenue of ₹11,003 crore in FY26 with PAT of ₹117 crore and Adjusted EBITDA of ₹771 crore. 22nd AGM scheduled for August 5, 2026.

  • NCLT approves amalgamation scheme Jul 11

    NCLT Chennai Bench sanctioned amalgamation of five transferor companies into TVS SCS, effective from April 01, 2023, pending Bengaluru Bench approval.

Neutral 3
  • New Chief Strategy Officer appointed Aug 1

    Ramanan Ranganathan appointed Chief Strategy & Transformation Officer, bringing 25+ years of digital transformation experience. He previously served as Chief Innovation Officer - India.

  • BRSR filed for FY26 Jul 11

    TVS SCS filed its Business Responsibility and Sustainability Report for FY26, disclosing a net zero target by 2050 and CSR spending of ₹136.49 lakhs.

  • Board director Anand Kumar resigns Jul 7

    Anand Kumar resigned as Non-Executive Non-Independent Director effective July 7, 2026, citing increased professional commitments.

Quarterly Results

₹ Cr
TVSSCS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,289
2,263
2,222
2,426
2,539
2,513
2,445
2,499
2,592
2,663
2,716
3,032
3,335
Expenses
2,118
2,078
2,060
2,261
2,358
2,323
2,294
2,330
2,415
2,481
2,510
2,814
3,110
Operating Profit
170
185
162
165
182
190
151
169
177
182
206
218
225
OPM %
7%
8%
7%
7%
7%
8%
6%
7%
7%
7%
8%
7%
7%
Other Income
−18
−13
22
16
5.58
8
9
14
95
11.4
−1
8
14
Interest
64.69
57
44
38
40
41
39
37
38
33
42
45
45
Depreciation
137
142
140
139
135
140
136
133
130
137
147
156
161
PBT
−48
−26
1
5
14
18
−15
13
103
22.42
16
26
32
Tax %
36%
54%
−1565%
−9%
46%
40%
57%
130%
31%
30%
30%
29%
30%
Net Profit
−65
−41
10
5
7
11
−24
−4
71
16
11
18
22
EPS (₹)
−1.8
−1.13
0.22
0.1
0.15
0.21
−0.56
−0.11
1.6
0.35
0.24
0.4
0.47

Profit & Loss

₹ Cr
TVSSCS profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,780
6,605
6,934
9,250
9,994
9,200
9,996
11,003
11,746
Expenses
6,271
6,349
6,538
8,629
9,322
8,495
9,322
10,225
10,916
Operating Profit
509
255
396
621
672
705
673
778
830
OPM %
8%
3.9%
6%
7%
7%
8%
7%
7%
7%
Other Income
63
184
111
12
62
−7
63
126
34
Interest
146
237
182
160
193
210
164
165
165
Depreciation
418
444
443
461
502
557
544
570
601
PBT
8
−242
−119
13
40
−69
29
168
97
Tax %
497%
3%
−36%
463%
−4%
31%
133%
31%
—
Net Profit
−33
−248
−76
−46
42
−90
−10
117
68
EPS (₹)
−4.26
−60.62
−23.43
−1.35
1.09
−2.3
−0.31
2.59
1.46
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
TVSSCS balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
32
32
32
36
36
44
44
44
Reserves
588
479
459
678
687
1,771
1,758
1,989
Borrowings
2,501
3,355
2,734
2,954
3,324
2,199
2,088
2,755
Other Liabilities
1,492
1,524
1,644
1,986
2,070
1,757
1,836
2,351
Total Liabilities
4,612
5,390
4,868
5,654
6,117
5,771
5,726
7,140
Fixed Assets
2,019
2,021
1,987
2,141
2,296
2,350
2,165
2,859
CWIP
13
8
16
12
35
12
82
15
Investments
60
50
112
100
105
93
98
280
Other Assets
2,521
3,310
2,754
3,401
3,681
3,316
3,380
3,985
Total Assets
4,612
5,390
4,868
5,654
6,117
5,771
5,726
7,140

Cash Flow

₹ Cr
TVSSCS cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
372
190
712
601
734
128
672
746
Investing
−236
−337
102
−383
−222
−112
−142
−229
Financing
−17
557
−1,167
237
−419
−592
−495
−449
Net Cash Flow
120
410
−353
455
92
−576
35
68
Free Cash Flow
234
71
601
501
590
16
511
481
CFO/OP
73
75
181
99
120
20
110
102

Ratios

TVSSCS financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
73
61
52
45
56
53
55
Inventory Days
74
71
91
92
92
86
79
95
Days Payable
440
432
464
458
380
303
293
320
Cash Conversion Cycle
−300
−288
−311
−314
−243
−162
−161
−170
Working Capital Days
−20
−46
−22
−36
−55
−14
−13
−21
ROCE %
—
0%
1%
6%
6%
5%
5%
10%

Insights

Beta

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

Log in to view TVS Supply Chain Solutions insights

59 extracted metrics across FY19–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 43.03%
  • Others 31.68%
  • Public 20.62%
  • FIIs 2.41%
  • DIIs 2.25%

31.87% 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 Supply Chain Solutions

What does TVS Supply Chain Solutions Ltd do?
TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.
Where is TVS Supply Chain Solutions Ltd (TVSSCS) listed?
TVS Supply Chain Solutions Ltd trades as TVSSCS on the NSE and under code 543965 on the BSE.
Which sector does TVS Supply Chain Solutions Ltd belong to?
TVS Supply Chain Solutions Ltd is classified under the Logistics & Cargo sector, in the Logistics Solution Provider industry.
What is the PE ratio of TVS Supply Chain Solutions Ltd?
TVS Supply Chain Solutions Ltd trades at a PE ratio of 79.90 as of 4 Nov 2026, on earnings per share of ₹1.46, against a book value of ₹46.09 per share.
What is the 52-week high and low of TVS Supply Chain Solutions Ltd?
Over the last 52 weeks TVS Supply Chain Solutions Ltd has traded between ₹90.32 and ₹146.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of TVS Supply Chain Solutions Ltd?
TVS Supply Chain Solutions Ltd reported a return on equity of 9.70%. Its debt-to-equity ratio is 1.36.

Company Information

TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.

Website tvsscs.com
Listed 23 Aug 2023
Face Value ₹1

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