Stocktoria

TVS Motor Company Limited TVSMOTOR.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

TVS Motor Company Limited statistics & valuation

Market cap₹1.72T
P / E57.1×
P / S3.6×
P / B18.0×
Net margin6.3%
FCF margin-2.9%
Net debt₹288.6B
Enterprise value USD$21.1B
Earnings yield EBIT/EV0.5%
Return on capital3.8%
Graham number -85.2%₹536.51

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹536.51); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.80% 5.20% 6.10% 6.30% 2023202420252026
Gross margin (%)
23.80% 25.50% 27.40% 26.70% 2023202420252026
Operating margin (%)
-2.00% -1.80% -0.50% 1.90% 2023202420252026
Return on equity (%)
24.10% 24.90% 26.30% 31.60% 2023202420252026
Shares outstanding
475.0M 475.0M 475.0M 475.0M 2023202420252026
Net debt (₹)
₹205.24B ₹236.50B ₹244.94B ₹288.65B 2023202420252026
Share buybacks (₹)
₹0 ₹952.7M 2023202420252026
Return on assets (%)
3.80% 4.00% 4.70% 5.30% 2023202420252026
Free cash flow margin (%)
-20.90% -7.30% 2.80% -2.90% 2023202420252026
Debt / equity (×)
4.06× 3.83× 3.36× 3.43× 2023202420252026
EPS (₹)
₹27.97 ₹35.50 ₹47.05 ₹63.53 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TVS Motor Company Limited trades at about 57.1× earnings — near its 10-year norm (10-year range 40.7×–58×, median 56.8×).

40.7× 58×

Shaded band = 10-year range (40.7×–58×); dot = today's 57.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin26.7%27.4%25.5%23.8%
Operating margin1.9%-0.5%-1.8%-2.0%
Net margin6.3%6.1%5.2%4.8%
FCF margin-2.9%2.8%-7.3%-20.9%
Return on assets5.3%4.7%4.0%3.8%
Return on equity31.6%26.3%24.9%24.1%
Debt / equity1.31×1.64×1.86×1.65×
Current ratio0.981.121.020.89

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.