TVSHLTDFinancial Services

TVS Holdings Limited

Investment Company · ISIN INE105A01035 · BSE 520056 · NSE EQ · FV ₹5
Last price
₹12,884
+0.90%today
What this company does

TVS Holdings Limited operates in Investment Company, part of the Financial Services sector. It booked ₹17,076 cr of revenue in its latest quarter (Q1 FY27) and kept 3.6% of sales as profit. It is the 5th largest of 9 Investment Company companies we track, by market value.

In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 26–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
92

At close. Not part of the score.

Profitability & returns60

How much profit it earns on the money it employs

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation15

What today's price implies, against our models or its peers

Governance & risk67

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 34% vs last year
Profit up 82% vs last year
Promoters hold 74%
Strong 38% return on equity
Turns profit into real cash
Watch-outs
! Thin 3.6% net margin
! 14.6% of promoter stake pledged
! Carries high debt (D/E 2.2)

What if I invest in TVSHLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹12,884 +0.90%
latest close · 2026-09-17
1-year return
+17264.0%
52-wk low ₹7052-wk high ₹13,743
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.7Low
LowAverageHigh
P/B ratio4.03High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity37.8%Strong
WeakFairStrong ▸15%
Net margin3.6%Thin
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.17High
LowModerateHigh ▸1
More figures
Market cap
₹26,077 cr
Book value
₹3,195
EPS
₹301.62
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
3.8%
Earnings yield
9.36%
P/S
0.38
Sales / share
₹33,747.4
Tax rate
30.4%
Face value
₹5
Shares
2.0 cr
Working capital
Current assets
Current liabilities
Delivery %
48.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹6,343 vs market price ₹12,884 — price is 103% above it
Safety cushion-103.1%(target ≥ +20%)
Models span ₹5,962₹6,723, midpoint ₹6,343
Model ₹6,343
Price ₹12,884
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹17,076 cr
Other Income₹7 cr
Total Income₹17,083 cr
Cost of Materials₹10,273 cr
Purchases of Stock-in-Trade₹285 cr
Inventory Change (±)₹-95 cr
Employee Benefit Expense₹1,484 cr
Finance Costs₹708 cr
Depreciation & Amortisation₹381 cr
Other Expenses₹2,340 cr
Total Expenses₹15,376 cr
Profit before Tax₹1,707 cr
Tax Expense₹519 cr
Share of JV / Associates₹-14 cr
Net Profit₹1,174 cr
Net margin on total income6.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹10,463 cr61.3%
Employee benefit expense₹1,484 cr8.7%
Finance costs₹708 cr4.2%
Depreciation & amortisation₹381 cr2.2%
Other expenses₹2,340 cr13.7%
Tax expense₹519 cr3.0%
Profit for the period₹1,174 cr6.9%
Total income ₹17,083 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue15,276 cr15,588 cr17,076 cr
Total income15,291 cr15,618 cr17,083 cr
Expenses13,824 cr14,198 cr15,376 cr
Profit before tax1,417 cr1,420 cr1,707 cr
Tax445 cr539 cr519 cr
Net profit (owners' share)493 cr424 cr610 cr
Net margin (owners' share, on revenue)3.2%2.7%3.6%
EPS (₹)243.75209.62301.62
YoY (latest quarter): total income +33.9% · net profit +81.9%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹64,008 cr
Shareholder equity
₹6,466 cr
parent shareholders
Total debt
₹28,039 cr
Cash
₹4,621 cr
Cash flow · H1 FY26
Operating
₹1,209 cr
Investing
₹-1,614 cr
Financing
₹842 cr
Peer comparison
Investment Company · by market value
CompanyPriceMarket capP/E
Jio Financial Services Limited₹229₹1.51 L cr45.1
Aditya Birla Capital Limited₹390₹1.07 L cr21.9
Cholamandalam Financial Holdings Limited₹1,499₹62,490 cr8.7
Tata Investment Corporation Limited₹719₹36,397 cr63.3
TVS Holdings Limitedthis company₹12,884₹26,077 cr10.7
Religare Enterprises Limited₹250₹15,052 cr
Maharashtra Scooters Limited₹13,151₹15,032 cr1,129.8
JSW Holdings Limited₹11,146₹12,370 cr126.0
Pilani Investment and Industries Corporation Limited₹4,082₹4,520 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.67%
trailing 12 months
Dividend / share (TTM)
₹86
Last dividend
₹86
ex 2 Apr 2026
ActionDetailEx-date
Bonus issue1:468 Sep 2026
Dividend₹86 / share2 Apr 2026
Dividend₹93 / share28 Mar 2025
Dividend₹94 / share2 Apr 2024
Bonus issue116:124 Mar 2023
Dividend₹59 / share3 Feb 2023
Who owns it · 2026-06-30
14.6% pledged
Promoter
74.5%
FII / Foreign
3.3%
DII / Domestic
9.8%
Retail / others
12.5%
Smart-money activity
Insider trades
SoldVS Trust (Venu Srinivasan, Trustee) · Promoters13.00 L · ₹1181.8 cr5 May 25
SoldVS Trust (Mr Venu Srinivasan, Trustee) · Promoters5.19 L · ₹559.8 cr24 Dec 24
SoldVS Trust (Venu Srinivasan, Trustee) · Promoters9.78 L · ₹535.4 cr5 Sep 23
Bulk / block deals
short · NSE19 Sep 26
short · NSE33 Sep 26
short · NSE5525 Mar 26
Promoter pledges
PledgedAditya Birla Capital Ltd4.20 L · 10.89% held7 Jul 26
PledgedHSBC InvestDirect Financial Services (India) Limited1.80 L · 17.16% held7 Nov 25
PledgedJM Financial Credit Solutions Ltd13.00 L · 10.74% held5 May 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 22 Aug 2025
See the official result
1
Adoption of both standalone and consolidated audited financial statements together with Directors’ Report and Auditors Report for the year 2024-25
Backed by 100% of shareholders other than promotersneeded 50%
26.12 L votes for, 7 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr Sudarshan Venu, as a director, liable to retire by rotation
Backed by 99% of shareholders other than promotersneeded 50%
25.95 L votes for, 17,636 against · 1% of mutual funds and other big investors said no
3
Re-appointment of Mr R Gopalan, as a director, liable to retire by rotation
Backed by 67% of shareholders other than promotersneeded 50%
17.52 L votes for, 8.61 L against · 40% of mutual funds and other big investors said no
4
Approving the appointment of M/s. B Chandra & Associates, Practicing Company Secretaries, as Secretarial Auditors for a term of five consecutive years from FY 2025-26 till FY 2029-30
Backed by 100% of shareholders other than promotersneeded 50%
26.13 L votes for, 7 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 74.5% between them · as of 2026-06-30
VS Trust (Mr Venu Srinivasan, Trustee)66.55%
TSF Investments Limited (Formerly known as Sundaram Finance Holdings Limited)3.74%
Srinivasan Trust (VS Trustee Private Limited, Trustee)3.07%
Lakshmi Venu0.82%
Mallika Srinivasan0.29%
Cheema Venu Trust (Venu Srinivasan Trustee Private Limited, Trustee) (Formerly known as VEE ESS Trust)no shares
Srinivasan Venu Trust (Mr Venu Srinivasan, Trustee)no shares
STPL Trading and Services Private Limited (Formerly known as Srinivasan Trading Private Limited)no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.