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TVS Supply Chain Solutions Ltd (TVSSCS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543965 NSE: TVSSCS Logistics | Small Cap | TVS Supply Chain Sol Share Price

₹122.75 5.80 (4.96%)

As on 04-Jun'26 16:59

TVS Supply Chain Solutions Ltd (TVSSCS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543965 NSE: TVSSCS Logistics | Small Cap | TVS Supply Chain Sol Share Price

₹122.75 5.80 (4.96%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,415 Cr.
Current Price
₹122.8
52-Week Low / High
₹91 / 147
TTM EPS
₹2.6
TTM Sales
₹11,003 Cr.
Book Value per Share
₹46.1
P/E Ratio
47.39
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
2.66
Lower than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
7.07
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-0.54%
Underperforms industry median
Return on Capital Employed (ROCE)
7.32%
Underperforms industry median
Return on Assets (ROA)
-0.17%
Operating Profit Margin
6.7%
Net Profit Margin
-0.1%
Gross Profit Margin
5.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.31%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
43.03%
Pledged shares (%) of Promoter's holding (%)
31.87%
Reserves
₹1,989 Cr.
Equity
₹44.1 Cr.
Face Value
₹1
All Time Low / High
₹90.60 / 257.95

TVS Supply Chain Solutions stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is TVS Supply Chain Solutions Ltd a good quality company?
TVS Supply Chain Solutions Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does TVS Supply Chain Solutions Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TVS Supply Chain Solutions Ltd vs industry peers?
TVS Supply Chain Solutions Ltd revenue CAGR is 8.64%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of TVS Supply Chain Solutions Ltd?
Promoters hold 43.03% of the TVS Supply Chain Solutions Ltd, with 31.87% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of TVS Supply Chain Solutions Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -6.24% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TVS Supply Chain Solutions Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ15.9%11.2%9.8%8.9%-0.2%2.8%7.7%9.2%6.5%7.3%-
Value Creation
Index ⓘ		0.2-0.2-0.3-0.3-1.0-0.8-0.5-0.3-0.5-0.5-

Growth Parameters ⓘ
Sales ⓘ4,2935,0325,3426,7806,6056,9349,2509,9949,2009,99611,003
Sales YoY Gr.-17.2%6.2%26.9%-2.6%5%33.4%8.1%-8%8.7%-
Adj EPS ⓘ2.51.41.1-0.3-5.6-2-0.30.5-1.1-0.72.6
YoY Gr.--42.6%-20.8%-129.8%NANANANA-322%NA-
BVPS (₹) ⓘ15.717.619.719.415.514.218.818.440.440.446.1
Adj Net
Profit ⓘ		64.845.936.4-10.9-178-62.8-9.318.1-48.9-31.5114
Cash Flow from Ops. ⓘ17311069.7372190712621734128672-
Debt/CF from Ops. ⓘ5.88.715.84.111.52.22.82.76.21.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.9%8.6%2.6%8.7%
Adj EPS ⓘ-186.9%NANANA
BVPSⓘ11%21.1%29.1%-0.1%
Share Price - - - -8.1%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		17.59.66.2-1.8-31.4-12.5-1.62.5-3.9-1.76
Op. Profit
Mgn % ⓘ		4.94.43.784.76.376.77.86.77
Net Profit
Mgn % ⓘ		1.70.90.7-0.2-3.5-0.9-0.10.2-0.4-0.31
Debt to
Equity ⓘ		2.51.71.82.54.43.42.630.50.50.1
Working Cap
Days ⓘ		9310311610411011189891019658
Cash Conv.
Cycle ⓘ		181820192115427113

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4,2935,0325,3426,7806,6056,9349,2509,9949,2009,996
Operating Expenses ⓘ + 4,0824,8195,1476,2546,3566,5408,6329,3258,4979,323
Manufacturing Costs6957439031,0771,1181,1561,5381,5741,6301,582
Material Costs1,0881,0478858949109331,1591,3721,6491,772
Employee Cost 8191,0251,2121,6101,8041,8051,8892,0112,2432,353
Other Costs ⓘ 1,4812,0042,1472,6732,5232,6464,0464,3682,9743,616
Operating Profit ⓘ 210213195526249394617670703673
Operating Profit Margin (%) 4.9%4.2%3.7%7.8%3.8%5.7%6.7%6.7%7.6%6.7%
Other Income ⓘ + 322248541886650765058
Exceptional Items ⓘ 17007050-35-10-260
Interest ⓘ 617555146237182160193210164
Depreciation ⓘ 677388418445443461502557544
Profit Before Tax ⓘ 1328810325-242-1161446-3629
Tax ⓘ 444253416-4358-22239
Profit After Tax 884750-15-248-74-4548-58-10
PAT Margin (%) 2.1%0.9%0.9%-0.2%-3.8%-1.1%-0.5%0.5%-0.6%-0.1%
Adjusted EPS (₹)3.21.51.7-1.0-6.1-2.4-1.31.1-2.3-0.3
Dividend Payout Ratio (%)1.90%3.30%7.40%0%0%0%0%0%0%0%

Valuation of TVS Supply Chain Sol - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4025586246154994606806691,7791,781
Share Capital ⓘ 26323232394236364444
Reserves ⓘ 3765265925834614186446321,7351,737
Debt +8938231,0881,4322,1221,4961,5241,671792857
Long Term Debt35522171090495994173549933
Short Term Debt5386033795281,1635557891,172789855
Minority Interest35746140804040363034
Trade Payables6767151,0339681,0131,1541,4531,4271,3681,411
Others Liabilities ⓘ 3184374661,5391,6631,7151,9572,2831,7101,519
Total Liabilities ⓘ 2,3232,6073,2734,5945,3774,8665,6546,0875,6795,601

Fixed Assets

Net Fixed Assets ⓘ +7486259022,0252,0341,9872,1412,2962,3502,165
Gross Block1,1746941,0612,5853,0993,2023,1293,0713,6273,934
Accumulated Depreciation426691595601,0651,2149877751,2771,769
CWIP ⓘ 11231381612351282
Investments ⓘ 27555360501121001059398
Inventories129107134166170228292345387381
Trade Receivables9059791,3731,2091,3071,1601,3071,2281,4031,440
Cash Equivalents 1804443834991,1475661,0051,172597612
Others Assets ⓘ 333385426623661797797905838822
Total Assets ⓘ 2,3232,6073,2734,5945,3774,8665,6546,0875,6795,601

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 17311070372190712621734128672
PBT ⓘ 132881078-242-1191346-3629
Adjustment ⓘ 125166144561629612695690729669
Changes in Working Capital ⓘ 8-103-151-141-141222-7182-53139
Tax Paid ⓘ -92-41-31-56-56-3-16-73-10-66
Cash Flow From Investing Activity ⓘ + -389-166-78-235-36363-381-233-122-147
Capex -166-95-69-138-120-111-101-144-112-161
Net Investments 3-162-7-23021728-83565
Others ⓘ -227-55-11-90-14-42-308-7-679
Cash Flow From Financing Activity ⓘ + 140331-77-17557-1,167217-419-592-495
Net Proceeds from Shares ⓘ 126358040045716829
Net Proceeds from Borrowing ⓘ 190000-61-25-195-816-0
Interest Paid ⓘ -57-70-60-77-126-90-61-101-110-62
Dividend Paid ⓘ -7-3-4-5-0-0-0000
Others ⓘ 5945-1361683-1,016-154-125-348-442
Net Cash Flow ⓘ -76275-86120384-39245881-58630

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.769.698.39-2.49-44.82-15.69-7.957.07-4.72-0.54
ROCE (%)15.8911.219.758.89-0.212.797.679.196.547.32
Asset Turnover Ratio2.172.041.821.721.321.351.761.71.561.77
PAT to CFO Conversion(x)1.972.341.4N/AN/AN/AN/A15.29N/AN/A
Working Capital Days
Receivable Days60.4068.3080.4069.5069.506548.7046.3052.2051.90
Inventory Days10.808.608.208.109.3010.5010.3011.6014.5014
Payable Days181.90242.40360.40408.60397.20423.70410.50383.20309.40286.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.778.358.828.828.8218.4329.2329.2331.8731.87
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TVS Supply Chain Solutions Ltd FAQs

The current trading price of TVS Supply Chain Sol on 04-Jun-2026 16:59 is ₹122.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of TVS Supply Chain Sol stood at ₹5,415.5 Cr

The latest P/E ratio of TVS Supply Chain Sol as of 03-Jun-2026 is 272.1.

The latest P/B ratio of TVS Supply Chain Sol as of 03-Jun-2026 is 2.04.

The 52-week high of TVS Supply Chain Sol is ₹147.0 and the 52-week low is ₹90.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TVS Supply Chain Sol is ₹1,991 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that TVS Supply Chain Solutions Ltd is a average quality company.

The key valuation ratios of TVS Supply Chain Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of TVS Supply Chain Solutions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About TVS Supply Chain Solutions Ltd

TVS Supply Chain Solutions (TVS SCS) is one of India’s largest and fastest-growing integrated supply chain solution providers. The company is promoted by the erstwhile TVS Group and is now part of the TVS Mobility Group. Its culture and philosophy of doing business are in line with the core values of ‘TVS’; trust, value and service. The company is a global company with a presence in many countries and its HQ is in India, where it pioneered the development of the Indian outsourced logistics industry. The company manages large and complex supply chains across multiple industries, both in India and select global markets, by customising tech-enabled solutions. The company has focused on growing organically but also driving activities that support inorganic growth. 

The Company was originally incorporated as ‘TVS Logistics Services Limited’ in Madurai, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 16, 2004 and certificate of commencement of business dated November 29, 2004 issued by the Registrar of Companies, Tamil Nadu. Thereafter, the name of the company was changed to its present name, ‘TVS Supply Chain Solutions Limited’, pursuant to a special resolution passed in the extra-ordinary general meeting of the Shareholders held on November 19, 2018, as part of corporate rebranding and to reflect its core activities. Consequently, a certificate of incorporation pursuant to change of name dated February 27, 2019 was issued by the RoC to reflect the change in name.

Business area of the company 

TVS SCS, part of the TVS Mobility Group, is an India-based multinational company that pioneered the development of the supply chain solutions market in India. The company manages large and complex supply chains across multiple industries in India and in key global markets through customised tech-enabled solutions. The company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.

Services 

Integrated supply chain solutions

  • Consultancy
  • Strategic sourcing and procurement
  • Manufacturing support
  • Warehousing and fulfilment
  • Integrated packaging solutions
  • Transportation solutions
  • Reverse logistics
  • Network solutions

Global forwarding solutions

  • Air freight
  • Ocean freight
  • Land freight
  • Customs brokerage
  • Intermodal and multimodal
  • Project logistics
  • Purchase order management
  • Dangerous goods (DG)

Integrated final mile

  • Courier services
  • Spare parts logistics
  • Technical deployment and maintenance
  • Technical repair and refurbishment

Awards, accreditations or recognitions

  • 2017: The Company was awarded ‘IMC Ramkrishna Bajaj National Quality Award for Performance Excellence’ in the service category by the IMC Chamber of Commerce and Industry.
  • 2017: The Company was awarded ‘Performance Excellence’ by the IMC Chamber of Commerce and Industry.
  • 2017: TVS SCS Global Freight Solutions Limited was awarded ‘CII SCALE Awards - Excellent Position under Freight Forwarding category’ at the CII SCALE Awards 2017.
  • 2017: TVS SCS Global Freight Solutions Limited was recognised for its contribution by Rising Star Mobile India Private Limited.
  • 2018: The Company was awarded ‘Best Technology Adopter of the Year’ by Indian Oil Corporation.
  • 2018: The Company was awarded ‘Overall Excellence in Logistics and Supply Chain’ at the CII SCALE Awards 2018.
  • 2018: TVS SCS Global Freight Solutions Limited was recognised for its contribution by Rising Star Mobile India Private Limited.
  • 2019: The Company was awarded ‘Top GST Player (Supply of Service Category)’ at the GST Day Recognition by the Office of the Commissioner of CGST and Central Excise.
  • 2019: The Company was awarded ‘Best Contractor- Safety’ by Hyundai Motor India.
  • 2020: The Company was awarded ‘Logistics Excellence Leadership Category Service Sector’ by Frost & Sullivan at the Project Evaluation and Recognition Program.
  • 2021: The Company was awarded ‘Supply Chain Digital Transformation’ at the 10th edition of Manufacturing Supply Chain Awards curated by KamiKaze.
  • 2020: The Company was awarded ‘Best-in-Class Excellence in End-to-End Customer Solutions’ at the 10th edition of Manufacturing Supply Chain Awards curated by KamiKaze.
  • 2020: TVS Supply Chain Solutions UK & Europe was awarded ‘Gold Medal’ by Ecovadis as a recognition of its EcoVadis rating.
  • 2022: The Company was awarded ‘Overall Excellence in Logistics and Supply Chain’ at the CII SCALE Awards 2021.
  • 2022: The Company was awarded ‘Best Practice in Digital Transformation 2021’ in the ‘Innovative Category’ at the CII Digital Transformation Awards 2021.
  • 2022: The Company was awarded ‘DnA (Digital and Analytics) Excellence Award’ at the CII SCALE Awards 2021.
  • 2022: The Company was awarded ‘Overall Excellence in Logistics and Supply Chain’ at the CII SCALE Awards 2022.
  • 2022: The Company was awarded ‘Scale of Scale’ at the CII SCALE Awards 2022. 

History and milestone 

  • 2005: Invested in and subscribed to 55% of the paid-up equity share capital of TVS SCS (Siam) Limited (formerly known as TVS Logistics SIAM Limited, Thailand), as part of the group’s entry
  • strategy for south-east Asia.
  • 2007: Invested in and subscribed to 75% of the paid-up equity share capital of TVS SCS Global Freight Solutions Limited (formerly known as TVS Dynamic Global Freight Services Limited).
  • 2008: First investment by Goldman Sachs, through GS Logistics Holdings Limited, in the Company.
  • 2009: Acquisition of YeleStre Holdings Limited by TVS Logistics Investment UK Limited.
  • 2012: Private equity investment by Zumrut Investments Limited, Mauritius, in the company. 2012: Private equity investment by GS Logistics Holdings Limited, Mauritius, in the company.
  • 2012: Acquisition of FLEXOL Packaging (India) Limited, Rico Logistics Limited (UK) and TVS Supply Chain Solutions North America, Inc. (formerly known as Wainwright Industries Inc.)
  • 2015: Implementation of the BRR Scheme.
  • 2015: Acquisition of Drive India Enterprise Solutions Limited (DISEL), and acquisition of T.I.F. Holdings Pty Ltd. through TVS Supply Chain Solutions Australia Holdings Pty Ltd (formerly known as TVS Asianics Australia Holdings Pty Ltd).
  • 2015: Private equity investment by Omega TC Holdings Pte. Ltd. and Tata Capital Financial Services Limited.
  • 2016: CDPQ Private Equity Asia Pte. Ltd. (CDPQ) acquired 38.17% equity of the Company from GS Logistics Holdings Limited, Mauritius and Zumrut Investments Limited, Mauritius.
  • 2017: Acquisition of SPC International Limited, UK through Rico Logistics Limited (UK).
  • 2017: Acquired the telecom division from T. V. Sundram Iyenger & Sons Private Limited.
  • 2017: Acquisition of TVS SCS International Freight (Spain) S.L.U. (formerly known as Nadal Forwarding, S.L.) providing entry into Spanish market.
  • 2017: Acquisition of TVS SCS Singapore Pte. Ltd (formerly known as Pan Asia Logistics Singapore Pte.Ltd.) and TVS SCS International Pte. Ltd (formerly known as Pan Asia Logistics International Pte.Ltd.), allowing network expansion to Singapore and China.
  • 2018: Acquisition of TVS SCS Logistics Management Co., Ltd. (formerly known as TLM Logistics Management Co. Ltd, Thailand) through TVS Supply Chain Solutions (Thailand) Limited.
  • 2018: Acquisition of Triage Holdings Limited through Rico Logistics Limited (UK).
  • 2018: Acquisition of White Data Systems India Private Limited.
  • 2020: Private equity investment by Mahogany Singapore Company Pte. Ltd. (“Gateway”).
  • 2020:  Strategic investment by Mitsubishi Corporation (Japan) for a minor stake.
  • 2021: Acquisition of FIT 3PL Warehousing Private Limited.
  • 2021: Private equity investment by Exor Special Opportunities Master Fund.
  • 2023: Got listed on BSE and NSE
  • 2024: Extended contract with Rolls-Royce for five years until 2029.
  • 2024: Inaugurated an ultra-modern multi-client warehousing facility in Hosur, Tamil Nadu, as part of its expansion in the domestic market.
  • 2024: Achieved a milestone of 500,000 CKD (Complete Knock-Down) kits for its customer, TVS Motor Company.
  • 2024: The company’s wholly owned subsidiary-- TVS SCS North America earned recognition as a Partner-level supplier for 2023 in the John Deere ‘Achieving Excellence Program.’
  • 2024: Won a new business contract from VE Commercial Vehicles (VECV) for managing their in-Plant warehousing and logistics function at their Eicher bus factory located in Baggad, Madhya Pradesh.
  • 2024: Entered into new 5-year strategic contract with Daimler Truck South East Asia Pte, a Daimler Truck AG company, for integrated Supply Chain Solutions (ISCS) service in Singapore.
  • 2024: Secured a new business contract from JCB in India for managing their in-plant warehousing and logistics operations at their facility in Vadodara, Gujarat for three years.
  • 2026: Secured a three-year contract from Daimler India Commercial Vehicles (DICV) to manage their in-plant warehouse operations at its manufacturing facility in Chennai.
  • 2026: Signed a MoU with ALA Group, an Italy-based global aerospace and defence supply-chain integrator, to collaborate on opportunities in India’s rapidly expanding aerospace and defence sectors.

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