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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

₹136.50 -1.85 (-1.34%)

As on 17-Jul'26 09:39

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

₹136.50 -1.85 (-1.34%)

As on 17-Jul'26 09:39

Key Metrics
Valuation Multiples
Market Cap
₹6,104 Cr.
Current Price
₹136.5
52-Week Low / High
₹91 / 146
TTM EPS
₹2.6
TTM Sales
₹11,003 Cr.
Book Value per Share
₹45.6
P/E Ratio
53.41
In line with its 5-year historical median
Industry PE
39.1
Price to Book (P/B)
3.03
Lower than its 5-year historical median
Price to Sales (P/S)
0.55
In line with its 5-year historical median
EV/EBITDA
7.84
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.17%
Underperforms industry median
Return on Capital Employed (ROCE)
11.51%
Underperforms industry median
Return on Assets (ROA)
1.85%
Operating Profit Margin
7.1%
Net Profit Margin
1.06%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.08%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.36%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
43.03%
Pledged shares (%) of Promoter's holding (%)
31.87%
Reserves
₹1,969 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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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
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.

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.

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.

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.2%9.8%8.9%-0.2%2.8%7.7%9.2%6.5%7.3%11.5%-
Value Creation
Index
-0.2-0.3-0.3-1.0-0.8-0.5-0.3-0.5-0.5-0.2-

Growth Parameters

Sales 5,0325,3426,7806,6056,9349,2509,9949,2009,99611,00311,003
Sales YoY Gr.-6.2%26.9%-2.6%5%33.4%8.1%-8%8.7%10.1%-
Adj EPS 1.41.1-0.3-5.6-2-0.30.5-1.1-0.74.12.6
YoY Gr.--20.8%-129.8%NANANANA-322%NANA-
BVPS (₹) 17.619.719.415.514.218.818.440.440.445.645.6
Adj Net
Profit
45.936.4-10.9-178-62.8-9.318.1-48.9-31.5179114
Cash Flow from Ops. 11069.7372190712621734128672746-
Debt/CF from Ops. 8.715.84.111.52.22.82.76.21.31.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.1%9.7%3.3%10.1%
Adj EPS 12.2%NA100.8%NA
BVPS11.1%26.3%35.4%13%
Share Price - - - 1.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
9.66.2-1.8-31.4-12.5-1.62.5-3.9-1.79.35.7
Op. Profit
Mgn %
4.43.784.76.376.77.86.77.17
Net Profit
Mgn %
0.90.7-0.2-3.5-0.9-0.10.2-0.4-0.31.71
Debt to
Equity
1.71.82.54.43.42.630.50.50.60.1
Working Cap
Days
1031161041101118989101969658
Cash Conv.
Cycle
18201921154271183

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5,0325,3426,7806,6056,9349,2509,9949,2009,99611,003
Operating Expenses + 4,8195,1476,2546,3566,5408,6329,3258,4979,32310,227
Manufacturing Costs7439031,0771,1181,1561,5381,5741,6301,5981,721
Material Costs1,0478858949109331,1591,3721,6491,7562,040
Employee Cost 1,0251,2121,6101,8041,8051,8892,0112,2432,3532,502
Other Costs 2,0042,1472,6732,5232,6464,0464,3682,9743,6163,963
Operating Profit 213195526249394617670703673776
Operating Profit Margin (%) 4.2%3.7%7.8%3.8%5.7%6.7%6.7%7.6%6.7%7.1%
Other Income + 224854188665076505852
Exceptional Items 007050-35-10-260-106
Interest 7555146237182160193210164165
Depreciation 7388418445443461502557544570
Profit Before Tax 8810325-242-1161446-3629169
Tax 4253416-4358-2223951
Profit After Tax 4750-15-248-74-4548-58-10117
PAT Margin (%) 0.9%0.9%-0.2%-3.8%-1.1%-0.5%0.5%-0.6%-0.1%1.1%
Adjusted EPS (₹)1.51.7-1.0-6.1-2.4-1.31.1-2.3-0.32.6
Dividend Payout Ratio (%)3.30%7.40%0%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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5586246154994606806691,7791,7812,013
Share Capital 32323239423636444444
Reserves 5265925834614186446321,7351,7371,969
Debt +8231,0881,4322,1221,4961,5241,6717928571,097
Long Term Debt22171090495994173549933117
Short Term Debt6033795281,1635557891,172789855980
Minority Interest74614080404036303429
Trade Payables7151,0339681,0131,1541,4531,4271,3681,4111,788
Others Liabilities 4374661,5391,6631,7151,9572,2831,7101,5192,090
Total Liabilities 2,6073,2734,5945,3774,8665,6546,0875,6795,6017,017

Fixed Assets

Net Fixed Assets +6259022,0252,0341,9872,1412,2962,3502,1652,859
Gross Block6941,0612,5853,0993,2023,1293,0713,6274,0025,345
Accumulated Depreciation691595601,0651,2149877751,2771,8372,485
CWIP 123138161235128215
Investments 555360501121001059398280
Inventories107134166170228292345387381533
Trade Receivables9791,3731,2091,3071,1601,3071,2281,4031,4401,644
Cash Equivalents 4443834991,1475661,0051,172597612724
Others Assets 385426623661797797905838822960
Total Assets 2,6073,2734,5945,3774,8665,6546,0875,6795,6017,017

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 11070372190712621734128672746
PBT 881078-242-1191346-3629169
Adjustment 166144561629612695690729669638
Changes in Working Capital -103-151-141-141222-7182-53139-15
Tax Paid -41-31-56-56-3-16-73-10-66-45
Cash Flow From Investing Activity + -166-78-235-36363-381-233-122-147-292
Capex -95-69-138-120-111-101-144-112-161-265
Net Investments -162-7-23021728-83565-38
Others -55-11-90-14-42-308-7-67912
Cash Flow From Financing Activity + 331-77-17557-1,167217-419-592-495-449
Net Proceeds from Shares 3580400457168290
Net Proceeds from Borrowing 0000-61-25-195-816-0107
Interest Paid -70-60-77-126-90-61-101-110-62-66
Dividend Paid -3-4-5-0-0-00000
Others 45-1361683-1,016-154-125-348-442-490
Net Cash Flow 275-86120384-39245881-586305

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.698.39-2.49-44.82-15.69-7.957.07-4.72-0.546.17
ROCE (%)11.219.758.89-0.212.797.679.196.547.3211.51
Asset Turnover Ratio2.041.821.721.321.351.761.71.561.771.75
PAT to CFO Conversion(x)2.341.4N/AN/AN/AN/A15.29N/AN/A6.38
Working Capital Days
Receivable Days68.3080.4069.5069.506548.7046.3052.2051.9051.10
Inventory Days8.608.208.109.3010.5010.3011.6014.501415.20
Payable Days242.40360.40408.60397.20423.70410.50383.20309.40288.90286.10

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 17-Jul-2026 09:39 is ₹136.5.

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 16-Jul-2026 the market cap of TVS Supply Chain Sol stood at ₹6,103.7 Cr

The latest P/E ratio of TVS Supply Chain Sol as of 16-Jul-2026 is 306.7.

The latest P/B ratio of TVS Supply Chain Sol as of 16-Jul-2026 is 2.31.

The 52-week high of TVS Supply Chain Sol is ₹146.3 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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