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TVS Holdings (TVSHLTD) had a P/E of 12.1× on 6 Nov 2026, below the industry P/E of 33.1×, and the shares are 20% below their 52-week high. Sales and net profit grew 19% and 38% a year over 3 years; its ROCE of 15% is the lowest among the 7 largest Auto Manufacturers peers. Debt is 3.21× equity, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹26,265 Cr, ranked 11th of 20 Auto Manufacturers companies by market cap; the shares fell 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹12,800.00
Day high
₹13,319.00
Day low
₹12,425.00
Prev. close
₹12,848.00
Volume
4.2K

Health check

2 good · 4 to check
  • ReturnsBehind

    −15.3% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 12.1 vs industry 33.1.

  • GrowthStrong

    Sales +19.3%, profit +37.7% a year over 3 years.

  • ProfitabilityWeak

    ROCE 15.0% vs peer median 26.1%.

  • Balance sheetStretched

    Debt 3.21× equity, interest covered 3.0×, Piotroski 6 of 9.

  • Red flags1 to check

    Debt is 3.21× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Small cap

₹26,265 Cr, #11 of 20 in its industry by size.

Defensive

Beta 0.33 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹59,280 Cr · profit ₹2,162 Cr
Market cap
₹26,265 Cr
Small cap
P/E
12.1
Industry 33.1
Price to book
3.92
Peers 8.38
Dividend yield
0.67%
ROE
34.2%
Peers 24.1%
ROCE
15.0%
Peers 26.1%
Debt to equity
3.21
Debt ₹45,553 Cr
EPS (TTM)
₹1,068.75
Face value ₹5
OPM (TTM)
16.2%
Net margin 3.6%
Sales growth
+41.0%
Latest quarter vs a year ago
Profit growth
+43.3%
Latest quarter vs a year ago
Price to sales
0.44
EV/EBITDA 56.0

Strengths and risks

Strengths

  • Return on equity of 34.2%.
  • Quarterly profit up 43.3% on a year ago.
  • Quarterly sales up 41.0% on a year ago.
  • P/E of 12.1 against an industry P/E of 33.1.

Risks to check

  • Debt is 3.21× equity.

Derived automatically from reported figures. Not a recommendation.

About TVS Holdings

TVS Holdings Limited provides automotive vehicles and parts in India and internationally. It offers two and three-wheelers; and mobility solutions through a portfolio of e-bikes, e-cargo bikes, and matching accessories. The company also provides unsecured loans; financing services for two wheelers, used cars, used and new tractors, used commercial vehicles, and consumer durables; and digital finance products, gold and mid corporate loans, and personal…

Headquarters
Chennai
Employees
60
Sector
Consumer Cyclical
ISIN
INE105A01035
Website
tvsholdings.com

Price range

52 weeks

₹10,790.00₹16,297.00

Today

₹12,425.00₹13,319.00
Avg volume (3M)
7.3K
1-year return
minus 15.3%
From 52-week high
minus 20.3%

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.11%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.06%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.39%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.06%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.93%plus 30.2%
TVSHLTDTVS Holdings12,982.00plus 1.04%26,26512.13.9215.0%34.2%16.2%19.3%37.7%0.67%minus 15.3%
Median of 7 peers–0.77%2,13,45729.88.3826.1%24.1%14.5%17.5%21.1%1.06%11.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
12,16414,61214,90216,20519,458
10,18412,11912,44013,61716,443
1,9802,4922,4632,5883,015
16.3%17.1%16.5%16.0%15.5%
0.71314.8−7.370.2
663651653708763
332361372381373
32.3−79.2−48.820142.6
1,0191,4141,4041,6931,992
33.7%31.4%38.4%30.7%35.5%
336493424610635
165.85243.75209.62301.62313.75

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.3%
Profit CAGR 3Y
+37.7%
EPS CAGR 3Y
+37.7%
ROE
34.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
32,76438,80743,40955,653
–+18.4%+11.9%+28.2%
28,50333,04536,61646,401
4,2615,7626,7939,252
13.0%14.8%15.6%16.6%
−25.7−27−60.8−13.2
1,4132,0192,2122,606
9861,0301,0671,406
17666140−109
2,0132,7513,5945,119
33.8%36.1%33.8%33.8%
6508001,1641,696
–+23.2%+45.5%+45.7%
321.10395.60575.41838.12

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.110.110.110.1
3,2312,8304,6776,456
25,01326,96533,51736,424
11,09614,92215,97621,118
39,35044,72754,18164,008
6,0434,7796,4428,212
3944618831,609
1,0577251,2031,174
3,9212,8494,7744,651
27,93435,91340,87948,362
39,35044,72754,18164,008

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−4,111−8673,5351,137
−1,439961−3,227−3,015
5,9798471,2091,792
4299411,516−85.7
−1,485−1,120−2,483−3,293
−5,596−1,9861,052−2,156
−272−381−424−458

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 11.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you