TVS Holdings Ltd (TVSHLTD) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 520056 | NSE: TVSHLTD | Finance - Investment | Small Cap

TVS Holdings Share Price

14,640.70 76.30 0.52%
as on 05-Dec'25 10:40

TVS Holdings Ltd (TVSHLTD) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 520056 | NSE: TVSHLTD | Finance - Investment | Small Cap

DeciZen - make an informed investing decision on TVS Holdings

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

TVS Holdings stock performance -

Key Ratios
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P/E Ratio (CD):
20.36
Market Cap:
29,466.9 Cr.
52-wk low:
7,755
52-wk high:
16,150

Is TVS Holdings Ltd an attractive stock to invest in?

1. Is TVS Holdings Ltd a good quality company?

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

2. Is TVS Holdings Ltd undervalued or overvalued?

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

3. Is TVS Holdings Ltd a good buy now?

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

10 Year X-Ray of TVS Holdings:

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 Holdings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)12,46413,49817,51221,54819,85920,29925,59133,66239,88244,99348,861
YoY Gr. Rt. %-8.3%29.7%23.1%-7.8%2.2%26.1%31.5%18.5%12.8%-
Adj EPS (₹ ) 144.2163.1167.1213.5166.6159.9217.8321395.5575.2715.4
YoY Gr. Rt. %-13.1%2.4%27.8%-22%-4%36.2%47.4%23.2%45.5%-
BVPS (₹ )752.4922.41,0631,222.21,217.11,435.12,509.51,601.31,403.22,315.82,724.9
YoY Gr. Rt. %-22.6%15.2%15%-0.4%17.9%74.9%-36.2%-12.4%65%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)8.18.15.74.63.22.73.13.84.24.90

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income15.3%17.8%20.7%12.8%
Adj EPS16.6%28.1%38.2%45.5%
BVPS13.3%13.7%-2.6%65%
Share Price 21.7% 47.4% 40% 25.4%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)3.84.13.63.53.22.93.244.45.33
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)34.332.331.332.425.422.120.732.157.863.226.3

Recent Performance Summary

Total Income has increased 20.69 CAGR in last 3 years

Net Profit has increased 38.23 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 28.40%

Latest Financials - TVS Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 177.4 715.4
TTM Sales (₹ Cr.) 556 48,861
BVPS (₹.) 809.8 2,724.9
Reserves (₹ Cr.) 1,628 5,503
P/BV 17.98 5.34
PE 82.11 20.36
From the Market
52 Week Low / High (₹) 7755.00 / 16150.00
All Time Low / High (₹) 12.50 / 16150.00
Market Cap (₹ Cr.) 29,467
Equity (₹ Cr.) 10.1
Face Value (₹) 5
Industry PE 65

Management X-Ray of TVS Holdings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *86.9216.2316.2316.2316.236.1510.5514.4323.0623.06
* Pledged shares as % of Promoter's holding (%)

Valuation of TVS Holdings - Consolidated Basis

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

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Key Ratios of TVS Holdings

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income12,56413,67017,66121,57919,91220,35925,62933,65139,87244,958
Interest Income12,46413,49817,51221,54819,85920,29925,59133,66239,88244,993
Other Income 10017215031546038-11-9-35
Expenditure 11,92912,96316,82120,46219,00619,48224,43231,72637,11641,365
Interest Expense 102883727199109299851,4242,0322,223
Operating Expenses 11,37112,40815,74018,59416,86217,21721,65027,77431,61334,654
Provisions 4564677091,1491,2341,3361,7972,5283,4714,488
Exceptional Items 6200-61-22-1289-50
Profit Before Tax 6417108411,1188458541,1842,0132,7513,594
Taxes 1691632123682192623606809941,214
Profit After Tax 4725476297506275928241,3331,7572,379
Adjusted EPS (₹)144.2163.1167.1213.5166.6159.9217.8321.0395.5575.2
Dividend Payout Ratio (%)28%19%9%17%19%16%20%18%24%16%

Balance Sheet

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

Equity and Liabilities

Equity Capital1,5231,8672,1512,4742,4632,9055,0793,2412,8404,687
Share Capital 10101010101010101010
Reserves 1,5131,8572,1412,4642,4532,8945,0693,2312,8304,677
Minority Interest76992811911426151617592203280441525469
Long Term Borrowings8478772,7835,4915,9257,1738,45519,67519,60925,835
Current Liabilities 3,0783,6458,6358,77910,70711,47214,59713,32417,69117,333
Trade Payables1,7472,1073,0143,3433,3344,5364,9105,4746,6977,666
Short term borrowings5718913,5023,5494,0373,2173,8805,3096,3866,254
Other Liabilities-2,319-2,998-6,516-6,892-7,370-7,753-8,790-10,783-13,083-13,919
Total Liabilities 6,2167,31714,76118,17020,61223,30930,33439,04444,29253,324

Assets

Non Current Asset 3,6924,4227,6789,25910,27412,20414,45229,33033,35542,413
Loan Asset 000000020,54725,47231,313
Other Non Current Asset 3,6924,4227,6789,25910,27412,20414,4528,7837,88411,100
Current Asset 2,5252,8967,0838,91010,33811,10415,8839,71410,93610,912
Current Investment000020130204195273
Other Current Asset2,5252,8967,0838,91010,33611,10415,7529,51010,74210,638
Total Assets 6,2167,31714,76118,17020,61223,30930,33439,04444,29253,324

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1,075838324-7104581,215-1,548-4,111-8673,535
Cash Flow From Investing Activity -715-818-1,379-1,324-1,055-979-1,705-1,439961-3,227
Cash Flow From Financing Activity -373-611,1982,0851,7952613,1165,9798471,209
Net Cash Flow -13-40143511,199496-1374299411,516

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)144163167214167160218321395575
DPS (₹)41321536312644599493
BVPS (₹)75292210631222121714352510160114032316

Performance Ratios

ROA (%)8.18.15.74.63.22.73.13.84.24.9
ROE (%)34.332.331.332.425.422.120.732.157.863.2
ROCE (%)26.024.518.316.513.011.911.913.916.717.6

Valuation Parameters

Price/Book(x)2.84.04.62.41.22.11.42.45.83.7

TVS Holdings Ltd Stock News

TVS Holdings Ltd FAQs

The current trading price of TVS Holdings on 05-Dec-2025 10:40 is ₹14,640.7.
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 04-Dec-2025 the market cap of TVS Holdings stood at ₹29,466.9.
The latest P/E ratio of TVS Holdings as of 04-Dec-2025 is 82.11.
The latest P/B ratio of TVS Holdings as of 04-Dec-2025 is 17.98.
The 52-week high of TVS Holdings is ₹16,150 and the 52-week low is ₹7,755.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TVS Holdings is ₹556.1 ( Cr.) .

About TVS Holdings Ltd

Sundaram-Clayton (SCL) is a member of the TVS group, one of the largest automotive components manufacturing groups in India, with total sales revenue of more than $ 2.5 billion. The group has been able to achieve this pre-eminence through its commitment to the cherished values of promoting trust, value and customer service. The TVS group, India's leading supplier of automotive components originated as a transport company in 1911. Today it has grown to more than thirty three companies and employs a workforce of over 25,000, grossing an annual aggregate sale in excess of $ 3 billion, with diverse range of operations that includes manufacturing and distribution.

Having a wide customer base, SCL is one of the largest suppliers of aluminium die castings in the country. The company exports its products to international Original Equipment Manufacturers having proven its credentials as a reliable supplier of world class products. SCL has a solid foundation in its domestic market leadership and pioneering R&D efforts. A comprehensive TQM (Total Quality Management) practice enables SCL in being a competitive world-class manufacturer in terms of quality, cost and timely delivery of products.

SCL makes its own alloy and has a full-fledged metallurgical laboratory that allows SCL to engineer its own alloy composition and maintain strict control of the alloying elements. With its state-of-the-art in house alloying plant, SCL makes a wide variety of alloys; ADC 12, LM25, LM27, SCM14, AlSi9CuMg, LM4, AC4C, AlSi10Mg to name a few.

SCL started its pressure die casting operations in the early eighties recognizing the advantages of the pressure die casting process. Since then, the company has grown in its scale of operations. Today SCL has an installed capacity of 14000 MT per annum with over 51 automatic PDC machines, making SCL a unique supplier with the widest range of pressure die casting machines in the sub-continent. SCL started its die casting division with gravity die casting process as early as in 1968.Today, it produces more than 250 different castings (ranging from 0.2 kg to 28 kg in weight) using this process. Most of the dies are semi-automatic and ergonomic by design. The company has total facilities for sand testing, sand corping and decoring. Riser cutting machines and impregnation supplement the die casting process. The company acquired tilt pouring GDC technology as early as in 1989 and has today advanced to the level of making its own tilt pouring machines.

SCL forayed into the area of LPDC as a part of its overall strategy of acquiring contemporary die casting technology. It has a state-of-art cylinder head casting facility at Hosur with a production capacity of 300 thousand units per annum, using twin cavity LPDC machines with bridge assisted core pull outs, out of which four are mounted on a bridge helping in a smooth positive withdrawal of castings from the gate. The LPDC facility is also equipped with sate-of-art-core making and de-coring facilities. The LPDC machine can accommodate dies upto 900 mm by 600 mm. Direct measurement spectrometers are used for instantaneous checking of chemistry of aluminium alloy used.

The plant is fully equipped to deliver completely machined, ready-to-assemble components. The state-of-art machining infrastructure, which is spread over a sprawling 20,000 sq.m of build-up area, includes 30 machining cells with nearly 200 state-of-the art machining centres, over 200 CNC machining centres, supplied by reputed manufacturers such as Chiron, Hardinge, Deckel, Makino etc: Special purpose machines and supporting facilities for leak testing (wet and dry), impregnation and surface treatment operations. In addition, there are about 20 assembly stations where the components are sub-assembled into the machined casting and dispatched to customers on a JIT basis, ready to use.

Journey of Sundaram-Clayton:

Introduction phase (1987 to 1990) - The change process was started with the aim of getting a “buy-in” from the employees. As a first step, “change seminars” were conducted for all employees, stressing the need for change. The visible barriers were broken with a common uniform and canteen for all employees, no cabins for managers and open offices to enable easy accessibility of employees to the heads of the departments. This contributed to a change in the mindset of employees, which began viewing the management as part of the same team.

Success factors leading to recognition - Another major initiative related to the restructuring of the manufacturing system. Process layout was changed to product based layouts. Manufacturing units (factories within factory) were formed, based on product groups. Workmen were trained to become multi-skilled, whereby they worked on many machines. The production managers were empowered and held accountable for quality, cost and delivery.

Promotion phase (1990 to 1994) - Policy management process, which commenced at SCL in 1990-91, helped create company-wide goal congruence. The annual targets of the company were deployed to various departments and individuals. Guidelines were provided, towards achieving company objectives, highlighting broad strategies that needed to be followed by all. Each department aligned its objectives and action plans towards achieving the company objectives.

As a part of TQM implementation, the company-wide quality assurance system was executed. The culture of quality by inspection was gradually changed to quality control and quality assurance (QA). Focus was placed on ownership of quality by the manufacturing units, supplier quality improvements and the genba audit concept.

Deployment phase (1994 to 1998) - During this phase, daily work management, viz, defining and monitoring key processes, ensuring that they met set targets, detecting abnormalities and preventing their recurrence, were strengthened. Continuous improvement in all aspects of work, using total employee involvement, became the norm.

Products:

• Crankcase, cylinder head, cylinder barrel and wheel hub castings for two wheelers

• Intake manifold, transmission case, clutch housing castings & brackets for cars and light commercial vehicles

• Flywheel housing & gear housing castings, fuel system shut-off valve bodies, fuel filter heads and filter housing bodies for heavy commercial vehicles

• Castings for brake equipment for commercial vehicles

Milestones:

1968 - Started as a captive unit with Gravity Die Casting (GDC)     

1972 - Started supplies for other group companies   

1983 - Started manufacturing Pressure Die Castings (PDC)   

1985 - Elected member of the American Die Casting Institute & Die casting research Foundation 

1987 - Awarded for best industrial relations by Government of TamilNadu

1989 - GDC with tilt pouring started  

1993 - Started Die design using CAD  

1994 - Started supplies for non captive customers 

1996 - Installed 1000T PDC machine 

1997 - Tool room facilities upgraded with Electro Discharge Machine (EDM)

1998 - Established second plant at Hosur.   Started supplies to MNC's in India

1999 - Installed fully automated 1350T PDC with online computer controls. Started supplying castings in fully machined condition, Started metallurgical lab with state-of-the-art-facilities. TPM (Total Productive Maintenance) kick- off

2000 - Best supplier award from Hyundai Motor India Global supply commenced. Installed alloying plant. Certified for QS 9000

2001 - Certified for ISO 14001. Started collaborative Product Development with MNC customer. Started Low Pressure Die Casting (LPDC)

2002 - Deployed state-of-the art software for die design and simulation. Started own machine building. Lean Manufacturing kick-off

2003 - Started vacuum casting process. Started squeeze casting process

2004 - Installed fully automated 2700T pressure die casting machine (Largest in India). Certified for TS 16949Started regional office in USA

2005 - Established separate facility for brakes  
2007 - Spun-off Brakes division as Wabco-TVS  
2009 - Established plant at Mahindra World City (MWC)  
2009 - TPM Excellence Award by JiPm 
2010 - Established plant at Oragadam 
2010 - Gold Certificate of Merit - The Economic Times manufacturing Excellence Awards 
2011 - Platinum Certificate of Merit - The Economic Times Manufacturing Excellence Awards

Divisions:

• Brakes division - This division commenced its operations in 1962 at Chennai in southern India, in collaboration with Clayton Dewandre Holdings Limited, UK (now part of WABCO Automotive group). SCL-Brakes division is the pioneer in the manufacture of air and air-assisted braking actuation system products. A market leader since inception, SCL-Brakes division develops and manufactures products for a wide range of commercial and off-highway vehicles. The factory is situated at Padi, 11 km from Chennai.

• Die casting division - The die casting division established in 1968 in Chennai, began as a captive unit manufacturing high precision aluminium castings and has grown into a top-line industry vendor offering a wide range of pressure die castings, low pressure and gravity die castings. The division's two plants one at Chennai and other at Hosur are equipped with latest technology in Gravity, Low pressure and high Pressure Die Casting process with Vacuum and Squeeze casting capability for a capacity of 24,000 Metric Tonnes per annum. 

Awards and achievements:

• SCL won the “Deming Application Prize” in 1998, becoming the first in India and only the fourth company outside Japan to claim this honour.

• SCL won the Japan Quality Medal for the year 2002, the first in India and the second company outside Japan to win this honour.

• Automotive Component Manufacturers Award (ACMA, India)

• ACMA Technology award in 2002

• ACMA Manufacturing Excellence Award in 2003

• Tamil Nadu State Government Award for good industrial relations for both management and the employees union (won 8 annual awards since inception of the award in 1988)

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