TVSHLTD

TVS Holdings Limited

TVS Holdings Limited (TVSHLTD) financial statements and selected valuation metrics through 30 June 2026.

Financial Services›Financial Services›Finance›Investment Company

tvsholdings.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹11507.00
Market cap
23,281 Cr
Stock P/E
11.8
P/B
3.60
Dividend yield
2.0%
ROE (FY26)
13.2%
ROCE (FY26)
15.8%
Operating margin (FY26)
13.3%
Debt / equity (FY26)
5.59

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

TVS Holdings is the listed holding company of the TVS Venu group, whose businesses make motor vehicles and auto parts and lend through finance companies, and it earns its profit from those two arms.

Company snapshot

5thBy market cap

Ranked among 41 companies in Investment Company.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 82.3% of revenue

SegmentRevenue shareRevenuePBTAssets
a) Automotive Components
2.0%
224 Cr4 Cr401 Cr
b) Automotive Vehicles & Parts
82.3%
9,433 Cr693 Cr14,454 Cr
c) Financial Services
16.0%
1,834 Cr407 Cr32,143 Cr
d) Others
1.5%
172 Cr4 Cr0 Cr

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Debt-to-equity of 5.59x — the company carries significant debt relative to its equity base.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales10,473 Cr9,996 Cr10,125 Cr10,476 Cr11,554 Cr11,459 Cr11,800 Cr12,742 Cr14,549 Cr15,276 Cr15,588 Cr17,076 Cr
Operating expenses (approx.)9,113 Cr8,461 Cr8,578 Cr8,965 Cr9,860 Cr9,611 Cr9,892 Cr10,730 Cr12,276 Cr12,812 Cr13,173 Cr14,287 Cr
EBITDA1,360 Cr1,536 Cr1,547 Cr1,510 Cr1,695 Cr1,848 Cr1,909 Cr2,012 Cr2,273 Cr2,464 Cr2,414 Cr2,789 Cr
OPM %13.0%15.4%15.3%14.4%14.7%16.1%16.2%15.8%15.6%16.1%15.5%16.3%
Other income147 Cr25 Cr9 Cr7 Cr8 Cr18 Cr7 Cr11 Cr13 Cr16 Cr30 Cr7 Cr
Interest517 Cr516 Cr534 Cr520 Cr522 Cr554 Cr635 Cr663 Cr651 Cr651 Cr653 Cr708 Cr
Depreciation252 Cr244 Cr270 Cr247 Cr261 Cr266 Cr309 Cr332 Cr341 Cr361 Cr372 Cr381 Cr
Profit before tax726 Cr787 Cr743 Cr732 Cr901 Cr1,024 Cr959 Cr1,019 Cr1,282 Cr1,414 Cr1,404 Cr1,693 Cr
Tax %37.0%32.4%37.6%34.3%33.6%33.0%32.8%33.7%31.3%31.4%38.4%30.7%
Net profit457 Cr532 Cr464 Cr481 Cr599 Cr685 Cr644 Cr675 Cr880 Cr969 Cr865 Cr1,174 Cr
EPS (₹)₹112.65₹110.86₹114.78₹107.20₹137.54₹190.81₹139.87₹165.85₹218.89₹243.75₹209.62₹301.62

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14,730 Cr17,903 Cr21,548 Cr19,859 Cr20,299 Cr25,591 Cr33,564 Cr40,248 Cr44,993 Cr58,155 CrSign in free for the trailing twelve months
Operating expenses (approx.)13,729 Cr16,393 Cr19,209 Cr17,448 Cr17,910 Cr22,603 Cr29,316 Cr34,374 Cr38,075 Cr48,991 CrSign in free for the trailing twelve months
EBITDA1,001 Cr1,510 Cr2,339 Cr2,411 Cr2,388 Cr2,988 Cr4,248 Cr5,874 Cr6,918 Cr9,163 CrSign in free for the trailing twelve months
OPM %6.8%8.4%10.9%12.1%11.8%11.7%12.7%14.6%15.4%15.8%Sign in free for the trailing twelve months
Other income171 Cr148 Cr28 Cr56 Cr63 Cr35 Cr126 Cr34 Cr40 Cr70 CrSign in free for the trailing twelve months
Interest88 Cr372 Cr719 Cr910 Cr929 Cr985 Cr1,424 Cr2,043 Cr2,223 Cr2,617 CrSign in free for the trailing twelve months
Depreciation377 Cr447 Cr534 Cr649 Cr643 Cr845 Cr986 Cr1,030 Cr1,067 Cr1,406 CrSign in free for the trailing twelve months
Profit before tax710 Cr841 Cr1,118 Cr845 Cr854 Cr1,184 Cr2,013 Cr2,786 Cr3,616 Cr5,119 CrSign in free for the trailing twelve months
Tax %22.9%25.2%32.9%25.9%30.7%30.4%33.8%36.0%33.4%33.8%Sign in free for the trailing twelve months
Net profit547 Cr629 Cr750 Cr627 Cr592 Cr824 Cr1,333 Cr1,782 Cr2,409 Cr3,390 CrSign in free for the trailing twelve months
EPS (₹)₹163.21₹167.12₹213.59₹166.63₹159.98₹217.84₹321.10₹395.60₹575.41₹838.12Sign in free for the trailing twelve months
Dividend payout %————12.3%10.3%20.4%21.4%17.6%13.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves1,857 Cr2,141 Cr2,464 Cr2,453 Cr2,894 Cr5,069 Cr3,231 Cr2,830 Cr4,677 Cr6,456 Cr
Borrowings1,514 Cr6,141 Cr8,842 Cr9,506 Cr9,852 Cr16,030 Cr25,013 Cr26,232 Cr32,488 Cr36,156 Cr
Other liabilities3,008 Cr5,277 Cr5,429 Cr7,127 Cr8,921 Cr7,240 Cr8,291 Cr11,503 Cr11,537 Cr14,959 Cr
Total liabilities7,317 Cr14,761 Cr18,170 Cr20,612 Cr23,436 Cr30,552 Cr39,350 Cr44,727 Cr54,181 Cr64,008 Cr
Fixed assets (net)2,758 Cr3,317 Cr3,715 Cr4,025 Cr4,071 Cr5,040 Cr5,649 Cr4,319 Cr5,559 Cr6,136 Cr
CWIP101 Cr356 Cr615 Cr858 Cr883 Cr329 Cr394 Cr334 Cr668 Cr976 Cr
Investments1,333 Cr607 Cr755 Cr610 Cr811 Cr782 Cr1,160 Cr619 Cr1,461 Cr1,362 Cr
Loans & advances——4,600 Cr5,386 Cr5,794 Cr7,299 Cr10,225 Cr25,472 Cr31,313 Cr36,138 Cr
Inventories1,397 Cr1,417 Cr1,623 Cr1,459 Cr1,668 Cr2,013 Cr2,332 Cr4,035 Cr2,417 Cr2,459 Cr
Trade receivables845 Cr1,313 Cr1,725 Cr1,590 Cr1,207 Cr1,367 Cr1,465 Cr726 Cr1,750 Cr2,685 Cr
Cash & bank48 Cr103 Cr165 Cr1,131 Cr1,599 Cr3,754 Cr3,899 Cr2,821 Cr4,707 Cr4,621 Cr
Other assets836 Cr7,648 Cr4,971 Cr5,553 Cr7,403 Cr9,967 Cr14,226 Cr6,401 Cr6,308 Cr9,630 Cr
Total assets7,317 Cr14,761 Cr18,170 Cr20,612 Cr23,436 Cr30,552 Cr39,350 Cr44,727 Cr54,181 Cr64,008 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity838 Cr324 Cr-710 Cr458 Cr1,215 Cr-1,548 Cr-4,111 Cr-867 Cr3,535 Cr1,137 Cr
Cash from investing-818 Cr-1,379 Cr-1,324 Cr-1,055 Cr-979 Cr-1,705 Cr-1,439 Cr1,533 Cr-3,227 Cr-3,015 Cr
Cash from financing-61 Cr805 Cr2,085 Cr1,795 Cr261 Cr3,116 Cr5,979 Cr275 Cr1,579 Cr1,792 Cr
Net cash flow-40 Cr-250 Cr51 Cr1,199 Cr496 Cr-137 Cr429 Cr941 Cr1,886 Cr-86 Cr
Free cash flow (OCF − Capex)66 Cr-998 Cr-2,019 Cr-582 Cr234 Cr-2,584 Cr-5,596 Cr-1,986 Cr1,052 Cr-2,156 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.5%12.8%14.4%13.0%12.3%9.3%11.1%14.5%13.7%15.8%
ROE %11.8%18.8%11.1%8.5%6.9%6.1%10.7%11.4%11.5%13.2%
Debtor days2127292922191671417
Inventory days56454143474541613427
Days payable8596859812710996———
Cash conversion cycle-8-24-15-26-58-45-39674844
Debt / equity0.812.853.573.863.393.167.729.246.935.59
Current ratio0.790.821.010.970.971.090.88———
Net debt / EBITDA1.46—3.713.473.464.114.973.994.023.44
TVS Holdings Limited (TVSHLTD) Financials | BullKarma