TVS Motor Company Limited
TVS Motor Company Limited operates in 2/3 Wheelers, part of the Automobile and Auto Components sector. It booked ₹19,474 cr of revenue in its latest quarter (Q2 FY27) and kept 6.1% of sales as profit. It is the 2nd largest of 6 2/3 Wheelers companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“CORPORATE PORTRAIT Track-to-road multi-category mastery TVSM commands a unique leadership position by translating over 40 years of racing heritage into everyday mobility. This approach ensures that racing-bred technology — focused on agility, precision, and performance — is democratised across the entire spectrum, from entry-level mopeds and hyper-sport scooters to 1,200cc super-premium superbikes.”
Healthier than 49% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 40–52 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 64
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in TVSMOTOR?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
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 We do not publish price targets or predict returns.
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 2026-11-04.
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.
| Revenue from Operations | ₹19,474 cr |
| Other Income | ₹98 cr |
| Total Income | ₹19,572 cr |
| Cost of Materials | ₹12,681 cr |
| Purchases of Stock-in-Trade | ₹159 cr |
| Inventory Change (±) | ₹-100 cr |
| Employee Benefit Expense | ₹1,449 cr |
| Finance Costs | ₹670 cr |
| Depreciation & Amortisation | ₹358 cr |
| Other Expenses | ₹2,560 cr |
| Total Expenses | ₹17,777 cr |
| Profit before Tax | ₹1,796 cr |
| Tax Expense | ₹572 cr |
| Share of JV / Associates | ₹-4 cr |
| Net Profit | ₹1,219 cr |
| Net margin on total income | 6.2% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 15,053 cr | 16,296 cr | 19,474 cr |
| Total income | 15,059 cr | 16,454 cr | 19,572 cr |
| Expenses | 13,746 cr | 14,894 cr | 17,777 cr |
| Profit before tax | 1,313 cr | 1,560 cr | 1,796 cr |
| Tax | 479 cr | 488 cr | 572 cr |
| Net profit (owners' share) | 772 cr | 1,019 cr | 1,195 cr |
| Net margin (owners' share, on revenue) | 5.1% | 6.3% | 6.1% |
| EPS (₹) | 16.24 | 21.46 | 25.14 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Bajaj Auto Limited | ₹10,540 | ₹2.90 L cr | 21.1 | 37.5% | 13.7% | — |
| TVS Motor Company Limitedthis company | ₹4,303 | ₹2.04 L cr | 42.8 | 42.1% | 6.1% | — |
| Eicher Motors Limited | ₹7,440 | ₹2.04 L cr | 34.9 | 23.3% | 22.1% | — |
| Hero MotoCorp Limited | ₹5,300 | ₹1.06 L cr | 14.2 | 31.8% | 12.4% | — |
| Ather Energy Limited | ₹1,795 | ₹71,190 cr | 14,958.3 | 0.1% | 0.1% | — |
| Ola Electric Mobility Limited | ₹35 | ₹16,008 cr | — | -40.1% | -73.8% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹12 / share | 30 Mar 2026 |
| Dividend | ₹10 / share | 26 Mar 2025 |
| Dividend | ₹8 / share | 19 Mar 2024 |
| Dividend | ₹5 / share | 2 Feb 2023 |
| Dividend | ₹3.75 / share | 25 Mar 2022 |
| Dividend | ₹1.4 / share | 30 Mar 2021 |
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.
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.
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.
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.