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TVS Srichakra

TVSSRICHAK NSE
₹4,235.30 No trade today
P/E
35.11
View as Markdown
MCP
Close 4 Nov 2026 ₹4,235.30 +138.20 +3.37% 1Y
Start ₹4,097.10

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

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

ROCE
7.85%
Debt to Equity
0.64
EPS (TTM)
₹120.63
Book Value
₹1,553.76
Market Cap
—
P/E (TTM)
35.11
P/B
2.73
ROE
5.75%
Dividend Yield
0.91%
EBITDA
₹294 Cr
52W High
₹5,760.00
52W Low
₹3,185.00
Volume
0

Peer Comparison

Consumer Discretionary › Automobiles › Tyres › Tyres & Rubber Products

TVS Srichakra peer comparison
MRF
₹1,17,985.0020.70₹49,969 Cr2.390.20%12.50%15.70%₹31,889 Cr₹2,418 Cr
Balkrishna Industries
₹2,243.7030.86₹42,899 Cr3.960.18%9.66%11.20%₹11,518 Cr₹1,405 Cr
Apollo Tyres
₹402.4014.96₹25,493 Cr1.521.51%13.10%13.90%₹29,308 Cr₹1,709 Cr
CEAT
₹3,415.1026.78₹13,601 Cr2.781.05%16.10%19.20%₹17,456 Cr₹515 Cr
JK Tyre & Industries
₹332.8514.35₹9,612 Cr1.581.23%16.00%15.50%₹16,404 Cr₹657 Cr
TVS Srichakra (this company)
₹4,235.3035.11₹3,250 Cr2.730.91%5.75%7.85%₹3,892 Cr₹92 Cr
Goodyear
₹667.2528.55₹1,538 Cr2.553.99%12.60%17.40%₹2,594 Cr₹54 Cr
Median 7 companies₹2,243.7026.78₹13,601 Cr2.551.05%12.60%15.50%₹16,404 Cr₹657 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
64
Good
Returns, margins, earnings quality 22% weight
Valuation
58
Good
Cheap vs sector & own history 24% weight
Growth
62
Good
Sales & profit trajectory 9% weight
Financial Health
33
Poor
Solvency, leverage, coverage 9% weight
Momentum
53
Average
Trend strength, vol-adjusted 12% weight
Ownership
57
Good
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 been maintaining a healthy dividend payout of 45.7%

Weaknesses

2
  • Stock is trading at 2.76 times its book value
  • Company has a low return on equity of 6.16% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral757
OscillatorsNeutral252
Moving AveragesNeutral505

Key readings

RSI (14)
46.54
Neutral
MACD (12,26,9)
−105.15
Bullish
SMA (50)
4,633.95
Bearish
SMA (200)
4,123.52
Bullish

As of

Analyst Rating

Based on 2 analysts
SELL100%

0 of 2 analysts rate Buy, 0 Hold, 2 Sell.

As of

BUY
0
0%
HOLD
0
0%
SELL
2
100%

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+5.24%
5Y+13.44%
3Y+6.87%
1Y+11.95%
TTM+18.59%

Net profit

Net profit growth by window
10Y−9.37%
5Y−0.82%
3Y−3.09%
1Y+238.10%
TTM+240.74%

Operating cash flow

Operating cash flow growth by window
10Y−2.93%
5Y−0.66%
3Y+12.97%
1Y+50.76%
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−7.10 pp
5Y−4.04 pp
3Y−0.02 pp
1Y+0.75 pp
TTM+1.38 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,961 Cr
Mar 2018₹2,152 Cr
Mar 2019₹2,431 Cr
Mar 2020₹2,104 Cr
Mar 2021₹1,939 Cr
Mar 2022₹2,543 Cr
Mar 2023₹2,985 Cr
Mar 2024₹2,926 Cr
Mar 2025₹3,254 Cr
Mar 2026₹3,643 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹148 Cr
Mar 2018₹116 Cr
Mar 2019₹103 Cr
Mar 2020₹82.00 Cr
Mar 2021₹74.00 Cr
Mar 2022₹43.00 Cr
Mar 2023₹78.00 Cr
Mar 2024₹108 Cr
Mar 2025₹21.00 Cr
Mar 2026₹71.00 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹73.10 Cr −22.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

TVS Srichakra Ltd is a mid-cap tyre manufacturer with a market cap of ₹3,201 Cr trading at a PE of 45.4x. The company posted TTM sales growth of 12% and a sharp 159% TTM profit recovery, but its 3-year ROE remains subdued at 6% and longer-term compounded profit growth over 5 and 10 years is negative.

Bull Case 7
  • Strong TTM revenue growth of 12% signals improving demand momentum, with FY26 consolidated sales reaching ~₹3,643 Cr vs ₹3,254 Cr in FY25 (approx 12% YoY growth)
  • TTM compounded profit growth of 159% indicates a sharp earnings recovery from a low base, with PBT rising to ₹103 Cr in FY26 from ₹37 Cr in FY25
  • Stock CAGR of 31% over 1 year reflects strong market re-rating and renewed investor interest
  • Healthy dividend payout ratio of 45.7% demonstrates commitment to shareholder returns despite cyclical earnings
  • 5-year sales CAGR of 13% shows sustained top-line compounding through commodity and demand cycles
  • Operating profit margin improved to 7.63% in FY26 from 6.89% in FY25, indicating margin recovery trajectory
  • Longer-term stock CAGR of 15% over 5 years and 11% over 3 years suggests consistent wealth creation above inflation
Bear Case 8
  • PE of 45.4x is elevated for a tyre company with only 6% ROE, implying the market is pricing in significant future improvement that may not materialize
  • 3-year ROE of just 6% and 5-year ROE of 6% indicate persistently poor capital efficiency well below cost of equity
  • Compounded profit CAGR is negative over 3 years (-5%), 5 years (-1%), and 10 years (-9%), showing structural earnings weakness
  • Stock trades at 2.72x book value despite delivering only 6% ROE, suggesting stretched valuation relative to returns generated
  • Dividend yield of only 0.4% provides minimal income cushion despite the 45.7% payout ratio, reflecting high stock price relative to earnings
  • 10-year sales CAGR of only 5% indicates limited long-term revenue scale-up for a company in a growing Indian auto market
  • 10-year compounded profit CAGR of -9% means the company has actually destroyed earnings power over a full business cycle
  • FY25 net profit was only ₹20.5 Cr on ₹3,254 Cr revenue (net margin under 1%), highlighting vulnerability to input cost spikes

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

AI News Digest

121d ago

TL;DR: TVS Srichakra is actively expanding its retail footprint with dedicated Eurogrip stores, signaling confidence in its consumer-facing brand strategy. No material risks surfaced in recent news, and promoter holding remains clean with no encumbrance. The trend is stable with a mild positive tilt from retail expansion, though limited news flow makes it difficult to assess broader momentum.

Positives 1
  • Five new retail outlets launched Jun 23

    TVS Srichakra opened 5 exclusive Eurogrip Tyres stores in Hyderabad on June 23, 2026, part of a broader plan to strengthen brand presence across key Indian markets.

Neutral 1
  • Promoter shares unencumbered Jun 15

    Promoter R Naresh declared no new encumbrances on shares for FY ended March 31, 2026, per SEBI regulations.

Quarterly Results

₹ Cr
TVSSRICHAK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
702
740
719
765
791
842
803
818
819
926
917
981
1,068
Expenses
642
649
650
688
736
783
758
752
771
861
838
894
987
Operating Profit
61
91
68
77
55
59
44
67
48
66
78
87
81
OPM %
9%
12%
10%
10%
7%
7%
6%
8%
6%
7%
9%
9%
8%
Other Income
3
0.7
2
−6
0
3
−5
−3
20
0
−13
10
14.21
Interest
12
10
10
13
13
13
14
14
14
12
12
12
12
Depreciation
24
26
27
28
29
31
32
37
34
36
36
37
37
PBT
28
54
33
31
12
18
−6
12
20
18
17
48
45
Tax %
25%
28%
28%
22%
44%
43%
8%
22%
36%
40%
34%
25%
25%
Net Profit
21
39
24
24
7
10
−6
10
13
11
11
36
34
EPS (₹)
27.36
51.09
31.47
31.06
8.72
13.46
−7.8
12.52
16.82
14.51
14.56
47.13
44.43

Profit & Loss

₹ Cr
TVSSRICHAK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,176
2,185
1,961
2,152
2,431
2,104
1,939
2,543
2,985
2,926
3,254
3,643
3,892
Expenses
1,958
1,858
1,676
1,899
2,168
1,887
1,709
2,373
2,751
2,625
3,024
3,358
3,580
Operating Profit
219
326
284
253
263
217
230
170
234
301
230
285
312
OPM %
10%
15%
14%
12%
11%
10%
12%
7%
8%
10%
7%
8%
8%
Other Income
−7
23
5
15
12
10
5
4
4
−2
−5
17
11
Interest
33
22
22
31
37
39
33
34
44
48
60
57
48
Depreciation
42
44
56
69
85
100
104
80
92
104
129
142
146
PBT
137
284
211
169
153
87
98
59
101
146
37
103
129
Tax %
29%
33%
29%
31%
33%
6%
24%
27%
23%
26%
44%
31%
—
Net Profit
98
190
148
116
103
82
74
43
78
108
21
71
92
EPS (₹)
130
243
193
152
134
108
96.54
56.77
102
141
26.92
93.02
121
Div. Payout %
26%
25%
26%
26%
30%
19%
31%
29%
32%
34%
63%
41%
—

Balance Sheet

₹ Cr
TVSSRICHAK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
8
8
8
8
8
8
8
8
8
Reserves
275
404
553
631
721
737
817
963
1,027
1,104
1,176
1,183
Borrowings
274
145
315
312
426
351
208
610
662
842
886
767
Other Liabilities
414
412
515
475
655
520
590
779
757
739
906
1,082
Total Liabilities
970
969
1,391
1,426
1,809
1,616
1,622
2,359
2,453
2,694
2,976
3,039
Fixed Assets
382
384
532
620
662
687
666
708
905
1,084
1,167
1,161
CWIP
18
44
63
26
34
48
63
226
145
143
98
67
Investments
1
49
49
68
97
97
101
254
255
260
392
414
Other Assets
569
493
748
711
1,016
785
793
1,171
1,149
1,207
1,319
1,397
Total Assets
970
969
1,391
1,426
1,809
1,616
1,622
2,359
2,453
2,694
2,976
3,039

Cash Flow

₹ Cr
TVSSRICHAK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
244
400
64
185
64
299
307
−62
206
228
197
297
Investing
−84
−120
−215
−102
−120
−136
−92
−282
−202
−325
−154
−103
Financing
−158
−271
149
−79
52
−169
−215
348
0
101
−47
−187
Net Cash Flow
2
9
−3
5
−4
−5
1
4
4
3
−3
7
Free Cash Flow
158
315
−157
81
−71
161
210
−347
206
228
202
297
CFO/OP
130
151
42
92
43
151
142
−21
99
88
91
111

Ratios

TVSSRICHAK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
29
38
41
51
36
46
34
27
35
39
41
Inventory Days
74
63
138
95
123
135
149
198
161
159
154
128
Days Payable
52
34
67
50
83
70
102
102
85
91
97
92
Cash Conversion Cycle
59
58
109
86
91
101
93
131
102
103
96
77
Working Capital Days
7
5
0
−3
4
18
28
36
6
6
−13
−19
ROCE %
30%
50%
32%
22%
18%
11%
12%
7%
9%
11%
5%
8%

Insights

Beta

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

Log in to view TVS Srichakra insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 45.70%
  • Public 35.28%
  • Others 11.64%
  • DIIs 6.11%
  • FIIs 1.27%

No promoter shares 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

  • Q1 FY23 concall · Aug 2022
    PPT

Frequently Asked Questions about TVS Srichakra

What does TVS Srichakra Ltd do?
TVSSC belongs to the TVS group of companies. The company is a leading manufacturer of 2W tyres in India and caters to both OEMs and aftermarket segments, and also manufactures OHT for the domestic and export markets.
Where is TVS Srichakra Ltd (TVSSRICHAK) listed?
TVS Srichakra Ltd trades as TVSSRICHAK on the NSE and under code 509243 on the BSE.
Which sector does TVS Srichakra Ltd belong to?
TVS Srichakra Ltd is classified under the Automobiles sector, in the Tyres industry.
What is the PE ratio of TVS Srichakra Ltd?
TVS Srichakra Ltd trades at a PE ratio of 35.11 as of 4 Nov 2026, on earnings per share of ₹120.63, against a book value of ₹1,553.76 per share.
What is the 52-week high and low of TVS Srichakra Ltd?
Over the last 52 weeks TVS Srichakra Ltd has traded between ₹3,185 and ₹5,760 as of 4 Nov 2026.
Does TVS Srichakra Ltd pay dividends?
TVS Srichakra Ltd has a dividend yield of 0.91%.
What is the Return on Equity (ROE) of TVS Srichakra Ltd?
TVS Srichakra Ltd reported a return on equity of 5.75%. Its debt-to-equity ratio is 0.64.

Company Information

TVSSC belongs to the TVS group of companies. The company is a leading manufacturer of 2W tyres in India and caters to both OEMs and aftermarket segments, and also manufactures OHT for the domestic and export markets. The company has two manufacturing plants, one each in Madurai in Tamil Nadu and Rudrapur in Uttarakhand.

Website tvstyres.com
CEO Mr. Ramachandhran Naresh
Employees 2,785
Listed 13 Feb 2007
Face Value ₹10

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