As of 6 Nov 2026, TSF INVESTMENTS trades at 18.5× trailing earnings, below the industry P/E of 25.9×, and the shares are 32% below their 52-week high. It earns ROCE of 3.2% and ROE of 9.0%, and sales and net profit grew 127% and 30% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 2.8%. It is a small-cap company with a market cap of ₹8,939 Cr, ranked 17th of 69 Asset Management companies by market cap; the shares fell 33% over the past year.
- ₹406.60
- ₹407.10
- ₹400.20
- ₹406.60
- 39K
Health check
- ReturnsBehind
−32.5% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +127.0%, profit +30.0% a year over 3 years.
- ProfitabilityWeak
ROCE 3.2% vs peer median 38.5%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags3 to check
Quarterly profit down 22.2% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹8,939 Cr
- Small cap
- P/E
- 18.5
- Industry 25.9
- Price to book
- 1.49
- Peers 13.19
- Dividend yield
- 2.75%
- ROE
- 9.0%
- Peers 35.3%
- ROCE
- 3.2%
- Peers 38.5%
- Debt to equity
- 0.04
- Debt ₹235 Cr
- EPS (TTM)
- ₹21.91
- Face value ₹5
- OPM (TTM)
- 22.8%
- Net margin 44.6%
- Sales growth
- +79.6%
- Latest quarter vs a year ago
- Profit growth
- −22.2%
- Latest quarter vs a year ago
- Price to sales
- 8.04
- EV/EBITDA 33.8
Strengths and risks
Strengths
- Practically debt-free.
- Dividend yield of 2.75%.
- Quarterly sales up 79.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 22.2% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 32% below its 52-week high.
About TSF INVESTMENTS
TSF Investments Limited, together with its subsidiaries, invests in the auto component sector in India and internationally. It operates through Investments, Shared Services Domestic, Shared Services Overseas, Manufacturing, and Other segments. The company offers axle housings for medium and heavy commercial vehicles; and forged components for the automobile industry. It also provides outsourcing support services to large and mid-sized firms. The…
- Headquarters
- Chennai
- Employees
- 13
- Sector
- Financial Services
- ISIN
- INE202Z01029
- Website
- tsfinvestments.com
Price range
- Avg volume (3M)
- 73.1K
- 1-year return
- minus 32.5%
- From 52-week high
- minus 32.0%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| TSFINVTSF INVESTMENTS | 405.05 | minus 0.38% | 8,939 | 18.5 | 1.49 | 3.2% | 9.0% | 22.8% | 127.0% | 30.0% | 2.75% | minus 32.5% |
| Median of 7 peers | – | 0.36% | 1,13,701 | 38.7 | 13.19 | 38.5% | 35.3% | 75.8% | 25.0% | 27.2% | 1.18% | −2.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 148 | 240 | 227 | 267 | 266 | |
| 101 | 190 | 179 | 209 | 194 | |
| 46.8 | 50.5 | 48.5 | 57.3 | 71.3 | |
| 31.7% | 21.0% | 21.4% | 21.5% | 26.8% | |
| 2.2 | 4.5 | 2.4 | 9.5 | 0.7 | |
| 4.8 | 6.6 | 6.8 | 6.9 | 6.5 | |
| 3.2 | 4.3 | 4.3 | 4.3 | 4 | |
| 41.1 | 44.1 | 39.8 | 55.5 | 61.4 | |
| 48.3% | 36.0% | 37.4% | 8.9% | 45.9% | |
| 157 | 100 | 103 | 161 | 122 | |
| 7.08 | 4.52 | 4.64 | 7.25 | 5.50 |
Profit & loss
- Sales CAGR 3Y
- +127.0%
- Profit CAGR 3Y
- +30.0%
- EPS CAGR 3Y
- +30.0%
- ROE
- 9.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 73.7 | 80.8 | 91.4 | 862 | |
| – | +9.6% | +13.1% | +843.2% | |
| 26.4 | −162 | −24.4 | 659 | |
| 47.3 | 243 | 116 | 203 | |
| 64.2% | 300.8% | 126.7% | 23.6% | |
| 2.2 | 6 | 5.1 | 16.3 | |
| 0.4 | 1.2 | 1.1 | 25.2 | |
| 1.6 | 2.9 | 3 | 16 | |
| −0.7 | −0.1 | 0.3 | 2.2 | |
| 46.7 | 245 | 117 | 180 | |
| 32.5% | 21.5% | 34.1% | 30.7% | |
| 238 | 533 | 412 | 522 | |
| – | +124.4% | minus 22.7% | +26.6% | |
| 10.70 | 24.00 | 18.55 | 23.49 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 111 | 111 | 111 | 111 | |
| 3,459 | 4,682 | 5,496 | 5,922 | |
| 18.3 | 17.9 | 16.1 | 235 | |
| 46.3 | 137 | 214 | 480 | |
| 3,635 | 4,948 | 5,837 | 6,748 | |
| 20.3 | 18.9 | 25.6 | 237 | |
| – | – | – | 0.8 | |
| 1,381 | 2,155 | 3,008 | 2,967 | |
| 16.2 | 182 | 14.8 | 139 | |
| 2,217 | 2,592 | 2,788 | 3,404 | |
| 3,635 | 4,948 | 5,837 | 6,748 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 100 | 132 | 188 | 266 | |
| −25.2 | 136 | −148 | −159 | |
| −72.9 | −103 | −211 | −50.2 | |
| 2.1 | 165 | −171 | 56.9 | |
| −18.3 | −0.2 | −0.9 | −8.8 | |
| 82 | 131 | 187 | 257 | |
| −72.2 | −99.9 | −209 | −198 |
Shareholding pattern
- Promoters54.99%
- Public44.37%
- Employee trusts0.64%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.99% | 44.37% | 0.00 | |
| 30 Jun 2026 | 54.99% | 44.37% | 0.00 | |
| 31 Mar 2026 | 54.99% | 44.37% | minus 0.02 | |
| 31 Dec 2025 | 55.01% | 44.35% | plus 0.04 | |
| 30 Sep 2025 | 54.97% | 44.40% | – |
Major shareholders
Filings & events
News
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