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TVS Holdings Overview

Sundaram-Clayton Ltd is a holding company engaged inside the production and distribution of aluminium alloy cast articles, together with components and additives. The Company manufactures elements and add-ons for motor vehicles, consisting of brakes, gearboxes, axles, suspension shock absorbers, radiators, clutches, steering wheels, steering columns and steerage boxes, among others. Its segments consist of Automotive additives, Motor Vehicles and Others. It manufactures aluminium pressure die castings for heavy industrial vehicles, passenger au...Read More

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TVS Holdings Key Financials

Market Cap ₹29626 Cr.

Stock P/E 12.5

P/B 4.6

Current Price ₹14643

Book Value ₹ 3205.4

Face Value 5

52W High ₹16150

Dividend Yield 0.64%

52W Low ₹ 0

TVS Holdings Share Price

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Volume
Price

TVS Holdings Quarterly Price

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TVS Holdings Peer Comparison

TVS Holdings Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 10607 10014 10025 10383 11450 11359 11800 12742 14549 15276
Other Income 13 7 9 7 8 18 7 11 13 16
Total Income 10620 10021 10034 10391 11458 11377 11807 12754 14562 15291
Total Expenditure 9113 8461 8498 8889 9772 9522 9892 10730 12276 12812
Operating Profit 1507 1560 1536 1502 1686 1855 1916 2024 2286 2479
Interest 517 516 532 517 520 551 635 663 651 651
Depreciation 252 244 264 242 255 260 309 332 341 361
Exceptional Income / Expenses -2 0 0 0 0 0 0 0 0 -50
Profit Before Tax 736 801 740 742 910 1043 972 1029 1294 1417
Provision for Tax 269 255 276 251 301 340 323 343 402 445
Profit After Tax 468 546 464 492 610 703 649 686 892 972
Adjustments -240 -321 -232 -275 -332 -317 -366 -351 -449 -479
Profit After Adjustments 228 224 232 217 278 386 283 336 443 493
Adjusted Earnings Per Share 112.6 110.8 114.7 107.2 137.5 190.7 139.8 165.8 218.8 243.7

TVS Holdings Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 11340 12464 13498 17512 21548 19859 20299 25591 33662 39882 44993 54367
Other Income 38 97 171 148 28 56 63 35 29 34 40 47
Total Income 11377 12561 13669 17660 21576 19915 20362 25625 33690 39916 45033 54414
Total Expenditure 10623 11510 12497 16002 19209 17448 17910 22603 29316 34073 38075 45710
Operating Profit 754 1051 1172 1658 2367 2467 2451 3022 4375 5843 6958 8705
Interest 99 102 88 372 719 910 929 985 1424 2032 2223 2600
Depreciation 238 317 377 447 534 649 643 845 986 1011 1067 1343
Exceptional Income / Expenses 61 6 2 0 0 -61 -22 -12 89 -5 0 -50
Profit Before Tax 478 641 710 841 1118 845 854 1184 2013 2751 3594 4712
Provision for Tax 137 169 163 212 368 219 262 360 680 994 1214 1513
Profit After Tax 341 472 547 629 750 627 592 824 1333 1757 2379 3199
Adjustments -129 -181 -217 -291 -318 -289 -268 -384 -684 -957 -1215 -1645
Profit After Adjustments 212 292 330 338 432 337 324 441 650 800 1164 1555
Adjusted Earnings Per Share 104.8 144.2 163.1 167.1 213.5 166.6 159.9 217.8 321 395.4 575.2 768.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 21% 18% 15%
Operating Profit CAGR 19% 32% 23% 25%
PAT CAGR 35% 42% 31% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 63% 56% 39% 22%
ROE Average 63% 51% 39% 35%
ROCE Average 18% 16% 14% 18%

TVS Holdings Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1289 1523 1867 2151 2474 2463 2905 5079 3241 2840 4687
Minority's Interest 439 769 928 1191 1426 1516 1759 2203 2804 4152 5469
Borrowings 667 608 623 2639 5293 5469 6635 7741 19704 19846 26235
Other Non-Current Liabilities 278 239 254 144 198 456 539 714 -29 -237 -399
Total Current Liabilities 2854 3078 3645 8635 8779 10707 11472 14597 13324 17691 17333
Total Liabilities 5525 6216 7317 14761 18170 20612 23309 30334 39044 44292 53324
Fixed Assets 2040 2468 2819 3489 3892 4322 4713 6202 6794 5489 7378
Other Non-Current Assets 830 1224 1603 4190 5367 5952 7492 8250 22536 27867 35035
Total Current Assets 2655 2525 2896 7083 8910 10338 11104 15883 9714 10936 10912
Total Assets 5525 6216 7317 14761 18170 20612 23309 30334 39044 44292 53324

TVS Holdings Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -99 -247 -260 -300 -157 -107 1092 1588 1451 1879 2821
Cash Flow from Operating Activities 138 1075 838 324 -710 458 1215 -1548 -4111 -867 3535
Cash Flow from Investing Activities -461 -715 -818 -1379 -1324 -1055 -979 -1705 -1439 961 -3227
Cash Flow from Financing Activities 179 -373 -61 1198 2085 1795 261 3116 5979 847 1209
Net Cash Inflow / Outflow -144 -13 -40 143 51 1199 496 -137 429 941 1516
Closing Cash & Cash Equivalent -243 -260 -300 -157 -107 1092 1588 1451 1879 2821 4707

TVS Holdings Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 104.8 144.2 163.14 167.06 213.51 166.56 159.92 217.76 320.97 395.45 575.19
CEPS(Rs) 286.22 390.09 456.78 531.35 634.22 630.04 610.09 824.64 1145.75 1367.81 1702.66
DPS(Rs) 19 41 31.5 15 36 31 26 44 59 94 93
Book NAV/Share(Rs) 610.2 752.37 922.44 1062.96 1222.23 1217.12 1435.07 2509.51 1601.28 1403.2 2315.77
Core EBITDA Margin(%) 6.32 7.66 7.42 8.62 10.85 12.14 11.77 11.68 12.91 14.56 15.38
EBIT Margin(%) 5.09 5.96 5.91 6.92 8.52 8.84 8.79 8.48 10.21 11.99 12.93
Pre Tax Margin(%) 4.22 5.14 5.26 4.8 5.19 4.26 4.21 4.63 5.98 6.9 7.99
PAT Margin (%) 3.01 3.79 4.05 3.59 3.48 3.16 2.92 3.22 3.96 4.41 5.29
Cash Profit Margin (%) 5.11 6.33 6.85 6.14 5.96 6.42 6.08 6.52 6.89 6.94 7.66
ROA(%) 6.76 8.05 8.08 5.7 4.55 3.23 2.7 3.07 3.84 4.22 4.87
ROE(%) 30 34.26 32.28 31.29 32.42 25.38 22.06 20.65 32.05 57.8 63.22
ROCE(%) 23.75 26.01 24.49 18.27 16.51 13.01 11.91 11.86 13.93 16.69 17.56
Receivable days 17.57 17.9 20.16 22.49 25.73 30.47 25.15 18.35 15.35 15.19 14.62
Inventory Days 33.34 34.19 34.01 29.32 25.75 28.33 28.12 26.26 23.56 29.14 26.17
Payable days 65.48 72.9 75.88 79.76 80.18 96.2 108.58 103.38 88.05 89.82 96.71
PER(x) 17.54 14.56 22.36 29.18 13.57 8.86 19.24 16.43 11.71 20.63 14.94
Price/Book(x) 3.01 2.79 3.96 4.59 2.37 1.21 2.14 1.43 2.35 5.81 3.71
Dividend Yield(%) 1.03 1.95 0.86 0.31 1.24 2.1 0.85 1.23 1.57 1.15 1.08
EV/Net Sales(x) 0.46 0.45 0.67 0.99 0.73 0.7 0.84 0.76 0.85 0.99 0.99
EV/Core EBITDA(x) 6.88 5.38 7.67 10.42 6.62 5.61 6.97 6.4 6.56 6.77 6.43
Net Sales Growth(%) 21.36 9.92 8.3 29.73 23.05 -7.84 2.22 26.07 31.54 18.48 12.82
EBIT Growth(%) 32.46 28.82 7.33 51.97 51.43 -4.42 1.61 21.64 58.47 39.14 21.61
PAT Growth(%) 76.28 38.57 15.81 14.94 19.24 -16.43 -5.5 39.25 61.7 31.82 35.39
EPS Growth(%) -14.03 37.59 13.14 2.4 27.8 -21.99 -3.99 36.17 47.4 23.2 45.45
Debt/Equity(x) 1.21 0.96 0.89 3.53 4.05 4.88 4.32 3.16 7.72 9.24 6.93
Current Ratio(x) 0.93 0.82 0.79 0.82 1.01 0.97 0.97 1.09 0.73 0.62 0.63
Quick Ratio(x) 0.5 0.46 0.41 0.66 0.83 0.83 0.82 0.95 0.55 0.39 0.49
Interest Cover(x) 5.83 7.27 9.05 3.26 2.56 1.93 1.92 2.2 2.41 2.35 2.62
Total Debt/Mcap(x) 0.4 0.34 0.23 0.77 1.71 4.02 2.02 2.21 3.29 1.59 1.87

TVS Holdings Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 74.45 74.45 74.45 74.45 74.45 74.45 74.45 74.45 74.45 74.45
FII 0.99 1.13 2.32 2.53 2.62 2.66 2.69 2.84 3 3.12
DII 12.56 12.2 11.19 10.47 10.31 10.15 10.31 10.02 9.87 9.86
Public 11.99 12.22 12.04 12.54 12.62 12.73 12.55 12.69 12.67 12.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

TVS Holdings News

TVS Holdings Pros & Cons

Pros

  • Company has delivered good profit growth of 30% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51%

Cons

  • Debtor days have increased from 89.82 to 96.71days.
  • Stock is trading at 4.6 times its book value.
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