Tvs Motor Company Limited
TVSM is among the largest two-wheeler manufacturers in India. It currently manufactures a wide range of two-wheelers and three-wheelers at its manufacturing facilities at Hosur, Tamil Nadu; Mysuru, Karnataka; and Nalagarh, Himachal Pradesh, with a to...
Key Metrics
EPS
35.50
Current ratio
1.02
Debt/Equity
3.66
Debt/EBITDA
4.90
Interest coverage ratio
2.40
Operating Cashflow to total debt
-0.05
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Established presence in the two-wheeler industry with presence across product segments
Improving market share and penetration of EV
Geographically diversified revenue stream
Sustained improvement in operating performance, expected to continue
Improvement in the financial risk profile in FY24
Liquidity: Strong
Cons
Decline in three-wheeler sales considering political and economic uncertainties in key export markets
Significant exposure in subsidiaries witnessed, further increased in FY24; however, majority of exposure is in TVS Motor (Singapore) and TVS Credit, NBFC arm which are strategic
Exposure to commodity inflation
Industry prone to macro-economic factors, rural incomes, and competition
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About Tvs Motor Company Limited bond.
This comprehensive profile covers key factual information about Tvs Motor Company Limited. TVSM is among the largest two-wheeler manufacturers in India. It currently manufactures a wide range of two-wheelers and three-wheelers at its manufacturing facilities at Hosur, Tamil Nadu; Mysuru, Karnataka; and Nalagarh, Himachal Pradesh, with a total installed manufacturing capacity of 55 lakh two-wheelers and 2 lakh three-wheelers per annum as on March 31, 2024. The company also set up a wholly-owned subsidiary in Indonesia in 2007, PT TVS Motor Company Indonesia (PT TVS), for manufacturing motorcycles. In 2020, the company acquired 100% stake in The Norton Motorcycle Company Limited, UK. TVSM has a presence in all three categories of the two-wheeler industry, including scooters, motorcycles, and mopeds. It is the only player in moped segment. EPS in Mar-2024 was 35.50. Current ratio in Mar-2024 was 1.02. Debt/Equity in Mar-2024 was 3.66. Debt/EBITDA in Mar-2024 was 4.90. Interest coverage ratio in Mar-2024 was 2.40. Operating Cashflow to total debt in Mar-2024 was -0.05. Total revenue for Mar-2025(E) was ₹45,573.05. Net income for Mar-2025(E) stood at ₹2,053.60. Total assets as of Mar-2024 were ₹42,024.00. Operating cash flow for Mar-2024 was ₹-1,252.67. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Tvs Motor Company Limited, Bajaj Auto Limited, Hero MotoCorp Limited, Ola Electric Mobility Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established presence in the two-wheeler industry with presence across product segments; Improving market share and penetration of EV; Geographically diversified revenue stream; Sustained improvement in operating performance, expected to continue; Improvement in the financial risk profile in FY24; Liquidity: Strong. Key risks include: Decline in three-wheeler sales considering political and economic uncertainties in key export markets; Significant exposure in subsidiaries witnessed, further increased in FY24; however, majority of exposure is in TVS Motor (Singapore) and TVS Credit, NBFC arm which are strategic; Exposure to commodity inflation ; Industry prone to macro-economic factors, rural incomes, and competition. Leadership team details include Venu Srinivasan (Chairman Emeritus and Managing Director), Sudarshan Venu (Managing Director), K.N. Radhakrishnan (Director and CEO), K. Gopala Desikan (Chief Financial Officer), K.S. Srinivasan (Company Secretary and Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.