TS

TVS Supply Chain Solutions Ltd

Q4 FY26

TVS Supply Chain Solutions Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹121

Market cap₹6.0K Cr

P/E32.1

Updated23 Aug 2026

Read5 min read

What the Q4 FY26 call signalled

2 of 4 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

Order bookOrder book rising

The short version

TVS Supply Chain Solutions expects continued strong growth momentum in FY27, driven by new business wins and a robust order pipeline. Confident of double-digit growth, aiming for early to mid-teens growth in the Integrated Supply Chain Solutions (ISCS) segment, with potential to reach 18-20% growth given pipeline and increased conversion rates.

From TVS Supply Chain Solutions Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth

TVS Supply Chain Solutions expects continued strong growth momentum in FY27, driven by new business wins and a robust order pipeline.
The ISCS segment is projected to grow at double-digit rates, with hopes of early teen to mid-teen percentage growth due to scaling of existing projects and new wins, particularly in North America.
Focused growth in the US market through industrial and automotive verticals, targeting large Fortune 500 customers for significant revenue contributions.
India GFS business has shown tremendous growth, and volumes are expected to remain strong, though freight rate volatility persists.
New business wins accounted for 12.1% of FY25 revenues, with targets to increase new business wins to 12-15% for sustained momentum.

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Profitability & Margins

Confident of double-digit growth, aiming for early to mid-teens growth in the Integrated Supply Chain Solutions (ISCS) segment, with potential to reach 18-20% growth given pipeline and increased conversion rates.
Profit Before Tax (PBT) expected to grow sequentially quarter-on-quarter, maintaining a positive trajectory.
EBITDA margins targeted to expand, with ISCS margins expected between 9.5%-10% in FY27, and overall adjusted EBITDA margins around 7.3%-7.4%, dependent on Global Forwarding Solutions (GFS) segment performance and freight rates.
Sustainable EBITDA margin aspiration is in early teens (12%-13%) medium-term, with ISCS at 10.5%-11% and GFS potentially moving from current levels (~2.4%) towards 5-6.5% over 4-8 quarters.

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Capital Expenditure Plans

Capex planned

TVS Supply Chain Solutions follows an asset-light model, primarily investing in warehouse-related fixed assets while avoiding heavy capital expenditure.
Capital allocation priority is towards the Integrated Supply Chain Solutions (ISCS) business, which is expected to drive future growth.
The company maintains strong cash and working capital management with a net debt around Rs. 350-370 crores, mostly short-term working capital borrowings.
There is a specific long-term debt of Rs. 120 crores allocated to a particular project.
Strategic investments include technology infusion for differentiation, such as robotics and digital platforms, especially noted in North America.

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Fundraising & Capital Structure

TVS Supply Chain Solutions follows an asset-light model and does not heavily invest in fixed assets.
Net debt as of March 31 stands at around Rs. 350-370 crores, with about Rs. 120 crores of long-term debt for a specific project; remaining debt is short-term working capital.
The company maintains a strong credit rating (India AA) and takes a strategic view before allocating capital to new projects.
No explicit mention of any planned or ongoing new fundraising through debt or equity in the transcript.
Focus is on strong cash and working capital management to support growth and investments.

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Order Book & Pipeline

Order book rising

The current order pipeline stands robust at Rs. 6,100 crores, indicating strong visibility for upcoming quarters.
New business wins totaled Rs. 1,206.7 crores for the full year FY26, representing 12.1% of FY25 revenue.
Q4 FY26 saw an all-time high in new business wins of Rs. 523.7 crores, which is 21% of Q4 FY25 revenue.
The company’s strong pipeline reflects traction across key geographies in both ISCS and GFS segments.

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TVS Supply Chain Solutions Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.0K Cr, net profit ₹18 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What TVS Supply Chain Solutions Ltd's management said in earlier quarters

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Total Transport Systems Ltd (Q4 FY26)
Q4 FY26 Revenue: ₹154.7 Cr, down 1.0% YoY from ₹156.3 Cr (Page 10). Key investor presentation takeaways from Total Transport's Q4 FY26 investor presentation — a
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Despite a recent 20% drop in EBITDA margin due to increased costs awaiting revenue realization, management is confident this is a temporary phase. Key concall…
AVG Logistics Ltd (Q4 FY26)
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Frequently Asked Questions

What were TVS Supply Chain Solutions Ltd Q4 FY26 results?

TVS Supply Chain Solutions expects continued strong growth momentum in FY27, driven by new business wins and a robust order pipeline. Confident of double-digit growth, aiming for early to mid-teens growth in the Integrated Supply Chain Solutions (ISCS) segment, with potential to reach 18-20% growth given pipeline and increased conversion rates.

What is TVS Supply Chain Solutions Ltd share price analysis?

TVS Supply Chain Solutions Ltd currently shows a below-average growth signal. The stock trades at a P/E of 32.1 with a market cap of ₹5,979 Cr. Investors should review the full earnings analysis for detailed insights.

Is TVS Supply Chain Solutions Ltd planning capital expenditure?

TVS Supply Chain Solutions follows an asset-light model, primarily investing in warehouse-related fixed assets while avoiding heavy capital expenditure. - Capital allocation priority is towards the Integrated Supply Chain Solutions (ISCS) business, which is expected to drive future growth. - The company maintains strong cash and working capital management with a net debt around Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.