TVS Motor Company Ltd Stock Analysis

BSE: 532343 | NSE: TVSMOTOR | Automobile Two & Three Wheelers | Large Cap

BSE Share Price 23-Sep-2022 18:01
1037.80 -28.00 (-2.63%)

DeciZen - Make an Informed Decision on TVS Motor

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

TVS Motor Price Chart

P/E Ratio (SA) :
42.47
Market Cap :
49,304.5 Cr.
52-wk low :
513
52-wk high :
1,094.7
Bole Toh?

1. Is TVS Motor Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TVS Motor Company Ltd is a good quality company.

2. Is TVS Motor Company Ltd undervalued or overvalued?

The key valuation ratios of TVS Motor Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is TVS Motor Company Ltd a good buy now?

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

10 Year X-Ray of TVS Motor:

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 Motor Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.5%14.8%16.1%18.2%16.8%17%16.9%13.2%13.5%17.1%-
Value Creation Index -0.20.10.20.40.50.50.50.20.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7,1697,96610,04211,10512,13515,17518,21016,42316,75120,79122,865
YoY Gr. Rt. %-11.1%26.1%10.6%9.3%25.1%20%-9.8%2%24.1%-
Adj EPS 3.95.67.39.810.712.814.512.913.419.224.4
YoY Gr. Rt. %-41.6%31.4%35%8.2%19.8%13.2%-10.7%3.7%43.5%-
BVPS (₹) 25.829.834.641.250.760.670.576.287.8101.5108.3
Adj Net Profit 1862643464675066066876136369131,161
Cash Flow from Ops. 43352484.89417241,2971,0981,3942,5611,498-
Debt/CF from Ops. 1.5111.411.50.91.31.50.41.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.6%11.4%4.5%24.1%
Adj EPS 19.3%12.5%10%43.5%
BVPS 16.514.912.915.6
Share Price 37.7% 9.9% 35.4% 93.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 15.62022.625.923.222.922.117.616.320.323.3
Op. Profit Mgn % 5.96.167.57.17.788.28.79.410
Net Profit Mgn % 2.63.33.54.24.243.83.73.84.45.1
Debt to Equity 0.50.40.60.50.50.40.40.60.30.3-
Working Cap Days 535561625857587063500
Cash Conv. Cycle -6-11-13-18-17-17-16-18-36-430

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.30%

Sales growth is good in last 4 quarters at 21.13%

Sales growth has been subdued in last 3 years 4.52%

Net Profit has been subdued in last 3 years 9.96%

Latest Financials - TVS Motor Company Ltd.

Standalone Consolidated
TTM EPS (₹) 24.4 22.6
TTM Sales (₹ Cr.) 22,865 26,982
BVPS (₹.) 108.3 99.1
Reserves (₹ Cr.) 5,095 4,658
P/BV 9.59 10.46
PE 42.47 45.88
From the Market
52 Week Low / High (₹) 513.00 / 1094.65
All Time Low / High (₹) 3.25 / 1094.65
Market Cap (₹ Cr.) 49,305
Equity (₹ Cr.) 47.5
Face Value (₹) 1
Industry PE 28.4

Management X-Ray of TVS Motor :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of TVS Motor

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About TVS Motor Company Ltd

TVS Motor Company Ltd. is the largest 2-wheeler company in India. TVS Motor is also the largest exporter in India with exports to several Countries. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation. TVS has always stood for innovative, easy-to-handle, and environment-friendly products, backed by reliable customer service. The company has many manufacturing plants, three located in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh) and one in Indonesia at Karawang.  TVS Motor has footprints globally, including geographies like Middle East, Africa, SE Asia, Indian subcontinent, Latin & Central America.

Business area of the company

TVS Motor manufactures the largest range of 2-wheelers. It is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories.

Products of the company

Scooters

  • TVS Ntorq
  • TVS Jupiter
  • TVS Zest 110
  • TVS Scooty Pep+

Motorcycles

  • TVS Apache RR 310
  • TVS Apache RTR Series
  • TVS Radeon
  • TVS StaR City +
  • TVS Sport

Mopeds

  • TVS XL100

Electric

  • TVS iQube

Three Wheelers

  • TVS King

Awards

  • 2002 - Technology Award 2002 from the Ministry of Science, Government of India for the successful commercialization of indigenous technology for TVS Victor.    
  • 2004 - Asian Network for Quality Award 2004 - TVS Scooty Pep won the prestigious 'Outstanding Design Excellence Award' from Business World and National Institute of Design.
  • 2007- SAP ACE AWARD 2007 - The company won the SAP ACE 2007 Award for Customer Excellence in the Most Innovative Netweaver Category.
  • 2007- TEAM TECH 2007 Award - TVS Motor Company bagged the TEAM TECH 2007 Award of Excellence for Integrated use of Computer Aided Engineering Technologies.
  • 2008 - TPM Excellence Award 2008 - First category by Japan Institute of Plant Maintenance (JiPm). Most Investor friendly company by Business Today, one of India's leading business.
  • 2009- Progressive Manufacturer 100 Award - TVS wins coveted 2009 Progressive Manufacturer 100 Award for end-to-end automation of the entire business process of its lubricant brand, TVS TRU4.
  • 2009 - The 'Good Advertising' award by Auto India Best Brand Awards 2009.
  • 2012 - CII-ITC Sustainability Awards 2012.
  • 2012 - The Deming Prize - TVS Motor Company is the only two-wheeler company in the world to be awarded the world's most prestigious and coveted recognition in Total Quality Management.
  • 2014-15- J.D Power Asia Pacific India Automotive Awards.
  • 2014-15- The most Apealing Executive Scooter - TVS Wego.
  • 2014-15- The most Apealing Premium Motorcycle - TVS Apache.
  • 2014-15- The most Apealing Economy Motorcycle - TVS Sport.
  • 2016 - Most Appealing Executive Scooter: TVS Scooty Zest 110 is awarded the Most Appealing Executive Scooter by J.D.Power Asia Pasific Awards for 2016.
  • 2016 - Most Appealing Economy Motorcycle: TVS StaR City + is awarded the Most Appealing Economy Motorcycle by J.D.Power Asia Pasific Awards for 2016
  • 2016 - Best Executive Scooter: TVS Wego is awarded the Best Executive Scooter by J.D.Power Asia Pasific Awards for 2016.
  • 2016 - Most Appealing Premium Motorcycle: TVS Apache RTR180 is the Most Appealing Premium Motorcycle as awarded by J.D.Power Asia Pacific Awards, 2016.
  • 2016 - Highest in Customer Satisfaction: TVS Motor has been awarded Highest in Customer Satisfaction by JD. Power Asia Pacific Awards for 2016.
  • 2017 - Indian Motorcycle of the year - 2017.
  • 2018 - TVS Motor has been awarded Highest in Customer Satisfaction by J.D. Power Asia Pacific Awards for 2018.
  • 2019 - The brand communication campaign named, 'Dil Ka Mileage'went on to bag the prestigious 'Marketing Campaign of the Year  Award'  at  the  Global  Awards  for  Retail  Excellence event  by  ET  NOW.

Milestones

1980 

  • TVS Motor launched India’s first two-seater 50cc moped -- TVS 50.

1984 

  • The two-wheeler major became the first Indian company to introduce 100cc Indo-Japanese motorcycles.

1994 

  • It launched India’s first indigenous scooterette -- TVS Scooty, a 100cc model.

1996-97 

  • Introduced India’s first catalytic converter-enabled motorcycle, the 110cc Shogun. Launched India’s first 5- speed motorcycle, the Shaolin.

2000 

  • Launched TVS Fiero, India’s first 150cc, 4-stroke motorcycle.

2001

  • Launched TVS Victor, 4-stroke 110cc motorcycle, India’s first fully indigenously designed and manufactured motorcycle.

2002 

  • TVS became the world’s first two-wheeler company to win the world’s most prestigious recognition in Total Quality Management – the Deming Award 2002.

2002 

  • TVS wins the Technology Award from Ministry of Science, Government of India for successful commercialization of indigenous technology.

2004

  • Launched TVS Centra, a world class 4-stroke 100cc motorcycle with revolutionary VT- I engine for best in class mileage. Launched TVS Star, a 100cc motorcycle ideal for the rough terrain. TVS wins TPM Excellence award from Japan Institute of Plant Maintenance (JIPM). TVS wins Outstanding design Excellence Award for TVS Scooty Pep.

2005-06 

  • TVS launched its Indonesian plant. Launched TVS Apache, which set the youth’s imagination on fire. Apache went on to be the Bike of the year for 2006, winning six prestigious awards.

2007 

  • TVS Motor Company rolled out seven new products. TVS launches its Himachal Pradesh Plant at Nalagarh.

2008-09

  • Apache Refresh with Rear Disc Brakes was launched in December 2008. TVS Motor company bags two coveted IT awards in September  2008 -- SAP ACE 2008 Award and 2008 Symantec South Asia Visionary Award. Scooty Pep was launched with balancing wheels in August 2008. Scooty Wimbledon Collection launched in June 2008. Apache RTR FI was launched June 2008. TVS Motor Company launched the revolutionary 125cc Flame in March 2008. TVS made by its foray into the three-wheeler market with TVS King in March 2008.

2009

  • TVS unveiled ‘High performance’ with Apache RTR 180 in June 2009. TVS scooty Streak was launched. TVS Flame SR 125 launched was June 2009.

2014-15

  • Launched All New Phoenix 125.
  • To celebrate the 1 year anniversary to the Jupiter, TVS launches the special edition of the Jupiter with a new colour and additional features, to be sold in limited numbers.
  • TVS launches its award winning scooter, the TVS Scooty Zest 110 with best in class features.
  • TVS launches its all new premium commuter scooter, the TVS Wego 110cc.
  • TVS Motor Company launched a bike in the popular commuter segment, the all the StaR city+
  • Two Wheeler Manufacturer of the Year: TVS Motor Company was named the Two Wheeler Manufacturer of the Year by NDTV Car and Bike Awards 2015

2016

  • A new Victor to make you smile with every ride. The new TVS Victor launched.
  • After decades of conquering the track, 2016 saw the launch of the new TVS Apache RTR 200 4V. The most powerful Apache yet.

2019 

  • TVS Motor Company has entered into partnership with Greaves Care, multi-brand spares and service arm of Greaves Cotton.
  • TVS Motor Company has launched the TVS NTORQ 125 Race Edition in Nepal. The Race Edition comes with Signature LED DRLs and LED Headlamp.
  • TVS Motor Company has opened flagship showroom in Guatemala City.
  • TVS Motor Company has launched 2020 range of TVS Apache RTR 200 4V and TVS Apache RTR 160 4V motorcycles.

2020

  • TVS Motor Company has introduced its new TVS Apache RTR 200 4V (dual-channel ABS) motorcycle with innovative segment-first features.
  • TVS Motor Company has launched the TVS NTORQ 125 SuperSquad Edition inspired by Marvel’s Avengers.
  • TVS Motor Company has entered into a new distribution partnership with Autotecnica Colombiana SAS (Auteco SAS), a leading motorcycle assembler in Colombia.
  • TVS Motor Company has inaugurated its flagship showroom in EI Salvador.
  • TVS Motor Company has entered into partnership with Motomundo SA, one of the largest, respected business groups in Honduras.
  • TVS Motor Company has unveiled TVS Apache RR310 BS-VI 2020 motorcycle with Next Generation Technology.
  • TVS Motor Company has launched the TVS NTORQ 125 Race Edition in Sri Lanka. The Race Edition comes with Signature LED DRLs and LED Headlamp.
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