TVS Motor Company share price, P/E, ROE & financials

On 6 Nov 2026, TVS Motor Company was priced at ₹4,491.70, or 55.8× trailing earnings, against an industry P/E of 33.1×, and the shares are close to their 52-week high. It earns ROCE of 29% and ROE of 37%, and sales and net profit grew 20% and 31% a year over 3 years. Its dividend yield is 0.3%, and debt is 3.21× equity. It is a large-cap company with a market cap of ₹2.1 lakh crore, ranked 4th of 20 Auto Manufacturers companies by market cap; the shares rose 28% 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: ₹4,424.40
Day high: ₹4,495.60
Day low: ₹4,400.00
Prev. close: ₹4,450.00
Volume: 5.6 L

Health check

3 good · 3 to check

ReturnsAhead
+28.1% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 55.8 vs industry 33.1.
GrowthStrong
Sales +20.2%, profit +31.4% a year over 3 years.
ProfitabilityStrong
ROCE 28.8% vs peer median 26.1%.
Balance sheetStretched
Debt 3.21× equity, interest covered 3.2×, Piotroski 6 of 9.
Red flags3 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

Large cap

₹2.1L Cr, #4 of 20 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹65,767 Cr · profit ₹3,827 Cr

Market cap: ₹2.1L Cr; Large cap
P/E: 55.8; Industry 33.1
Price to book: 18.81; Peers 8.21
Dividend yield: 0.27%
ROE: 37.2%; Peers 24.1%
ROCE: 28.8%; Peers 26.1%
Debt to equity: 3.21; Debt ₹39,453 Cr
EPS (TTM): ₹80.55; Face value ₹1
OPM (TTM): 14.5%; Net margin 5.8%
Sales growth: +39.4%; Latest quarter vs a year ago
Profit growth: +50.2%; Latest quarter vs a year ago
Price to sales: 3.25; EV/EBITDA 26.7

Strengths

Return on equity of 37.2%.
Return on capital employed of 28.8%.
Quarterly profit up 50.2% on a year ago.
Quarterly sales up 39.4% on a year ago.

Risks to check

Debt is 3.21× equity.
P/E of 55.8 against an industry P/E of 33.1.
Interest coverage of only 1.0×.

Derived automatically from reported figures. Not a recommendation.

About TVS Motor Company

TVS Motor Company Limited, together with its subsidiaries, engages in the manufacture and sale of automotive vehicles and components, spare parts, and accessories in India and internationally. The company operates through Automotive Vehicles & Parts and Related Investments; and Investment Held in Financial Services segments. The company offers motorcycles under the Apache RTR, Apache RR, Ronin, Raider, Radeon, StaR City+, HLX, and Sport brand names;…

Headquarters: Chennai
Employees: 6,850
Sector: Consumer Cyclical
ISIN: INE494B01023
Website: tvsmotor.com

Price range

52 weeks

₹3,228.00₹4,495.60

Today

₹4,400.00₹4,495.60

Avg volume (3M): 7.8 L
1-year return: plus 28.1%
From 52-week high: minus 0.1%

Analyst consensus

40 analysts

BuyMean target ₹4,651.10 3.5%

Target range, with today’s price

Low ₹2,470.00High ₹5,630.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Manufacturers

Compare with peers Screen the whole industry

Company
MARUTIMaruti Suzuki India	12,750.00	plus 0.77%	4,00,863	29.8	3.68	17.2%	12.9%	10.2%	15.9%	21.1%	1.10%	minus 17.7%
M&MMahindra & Mahindra	3,287.20	plus 5.11%	3,94,715	19.0	3.75	17.1%	20.1%	18.2%	17.5%	18.5%	1.00%	minus 12.7%
BAJAJ-AUTOBajaj Auto	10,900.00	plus 1.32%	2,99,536	23.3	8.21	26.1%	35.6%	21.0%	19.5%	21.0%	1.38%	plus 22.9%
TVSMOTORTVS Motor Company	4,491.70	plus 0.94%	2,13,457	55.8	18.81	28.8%	37.2%	14.5%	20.2%	31.4%	0.27%	plus 28.1%
EICHERMOTEicher Motors	7,669.50	minus 0.56%	2,10,544	36.5	8.38	26.4%	23.8%	25.2%	17.5%	23.7%	1.07%	plus 11.3%
HYUNDAIHyundai Motor India	2,130.00	plus 0.42%	1,73,071	37.8	8.50	32.6%	24.1%	10.3%	5.5%	4.9%	0.99%	minus 11.4%
TMCVTata Motors	425.50	minus 0.83%	1,56,704	24.8	10.26	25.5%	26.0%	10.4%	–	–	0.94%	plus 29.2%
HEROMOTOCOHero MotoCorp	5,513.00	minus 0.02%	1,10,349	18.4	4.71	31.9%	26.9%	14.0%	11.7%	26.9%	3.36%	plus 3.9%
Median of 7 peers	–	0.42%	2,10,544	24.8	8.21	26.1%	24.1%	14.0%	16.7%	21.1%	1.07%	3.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
12,210	–	14,756	15,053	16,296	19,474
10,396	–	12,485	12,866	13,938	16,749
1,814	2,096	2,270	2,187	2,357	2,726
14.9%	–	15.4%	14.5%	14.5%	14.0%
28.7	–	−13.1	−8.4	−5.7	93.5
551	–	561	566	602	670
315	–	323	315	354	358
–	–	−50.1	–	150	–
977	–	1,323	1,298	1,545	1,791
34.2%	–	32.6%	36.9%	31.6%	31.9%
610	–	841	772	1,019	1,195
12.84	–	17.71	16.24	21.46	25.14

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +20.2%
Profit CAGR 3Y: +31.4%
EPS CAGR 3Y: +31.4%
ROE: 37.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
27,434	32,668	36,887	47,652
–	+19.1%	+12.9%	+29.2%
27,122	32,275	36,024	45,459
312	394	863	2,192
1.1%	1.2%	2.3%	4.6%
3,731	5,089	5,744	6,240
1,356	1,906	2,083	2,220
859	975	1,046	1,273
108	65.9	27	−118
1,936	2,668	3,505	4,822
32.4%	34.3%	33.0%	33.9%
1,329	1,686	2,236	3,018
–	+26.9%	+32.6%	+35.0%
27.97	35.50	47.05	63.53

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
47.5	47.5	47.5	47.5
5,457	6,736	8,456	9,517
22,376	26,006	28,609	32,791
7,352	9,431	10,825	14,145
35,233	42,220	47,937	56,501
4,565	4,759	6,368	7,656
387	464	879	1,606
365	483	565	522
2,064	2,546	4,639	4,465
27,852	33,969	35,485	42,251
35,233	42,220	47,937	56,501

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−4,405	−1,253	3,503	1,867
−1,308	−1,481	−2,899	−2,964
6,118	3,239	1,155	909
406	505	1,759	−189
−1,341	−1,145	−2,478	−3,235
−5,746	−2,398	1,025	−1,368
−292	−380	−475	−570

Shareholding pattern

Source: NSE filings

50.3%

promoters

Promoters50.27%
Public49.71%
Employee trusts0.02%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	50.27%	49.71%	0.00
30 Jun 2026	50.27%	49.71%	0.00
31 Mar 2026	50.27%	49.71%	0.00
31 Dec 2025	50.27%	49.71%	0.00
30 Sep 2025	50.27%	49.70%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you