TVS Holdings Share Price & Earnings Call Analysis

Financials of TVS Holdings

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of TVS Holdings

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +8,5239,58410,60710,01410,02510,38311,55411,35911,80012,74214,54915,27615,588
Expenses +7,3768,2329,1248,4748,5088,9079,8789,5449,90810,74112,28812,81513,189
Operating Profit1,1471,3511,4831,5401,5171,4761,6771,8151,8932,0022,2612,4612,399
OPM %13%14%14%15%15%14%15%16%16%16%16%16%15%
Other Income +3611171915822181113-3530
Interest418477517516532517522551635663651651653
Depreciation275265252244264242261260309332341361372
Profit before tax4906117267877407329011,0269671,0191,2821,4141,404
Tax %34%33%37%32%37%34%34%33%33%34%31%31%38%
Net Profit +324409457532464481599685644675880969865
EPS in Rs76.0297.25112.83111.03114.97107.37137.76191.11140.09166.11219.24244.14209.96

Financials of TVS Holdings

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +11,34012,46413,49817,51221,54819,89120,34725,60533,66239,88244,99358,154
Expenses +10,62211,50612,49415,97319,20517,44717,91122,59929,35634,12238,14949,032
Operating Profit7179591,0041,5392,3432,4442,4373,0064,3065,7606,8449,122
OPM %6%8%7%9%11%12%12%12%13%14%15%16%
Other Income +9810217112128-40-118118597020
Interest99102883727199109299851,4242,0322,2232,617
Depreciation2383173774475346496438459861,0111,0671,406
Profit before tax4786417108411,1188458541,1842,0132,7763,6245,119
Tax %29%26%23%25%33%26%31%30%34%36%34%34%
Net Profit +3454725476297506275928241,3331,7822,4093,390
EPS in Rs105.01144.49163.47167.39213.93166.89160.24218.19321.61396.23576.33839.45
Dividend Payout %18%28%19%9%17%19%16%20%18%24%16%10%

Financials of TVS Holdings

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010101010
Reserves1,2781,5131,8572,1412,4642,4532,8945,0693,2312,8304,6776,456
Borrowings +1,4971,4611,6657,59310,02212,31412,85316,59325,01326,23232,48936,156
Other Liabilities +2,7403,2333,7855,0165,6745,8357,5518,66210,86915,45816,71821,386
Total Liabilities5,5256,2167,31714,76118,17020,61223,30930,33439,12344,53053,89564,008
Fixed Assets +2,0402,4682,8513,6274,0304,4604,8506,3396,9315,6307,51910,041
CWIP102691013967561,0171,0505608211,0291,482976
Investments6011,0551,3336076184726736441,0221,2041,3201,217
Other Assets +2,7822,6243,03210,13112,76614,66316,73522,79030,34836,66743,57451,774
Total Assets5,5256,2167,31714,76118,17020,61223,30930,33439,12344,53053,89564,008

Financials of TVS Holdings

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1381,075838324-7104581,215-1,548-4,111-8673,5351,137
Cash from Investing Activity +-461-715-818-1,379-1,324-1,055-979-1,705-1,439961-2,857-3,015
Cash from Financing Activity +179-373-611,1982,0851,7952613,1165,9798471,2091,792
Net Cash Flow-144-13-40143511,199496-1374299411,886-86
Free Cash Flow-28843080-954-2,009-551238-2,568-5,574-1,3411,082-2,064
CFO/OP40%130%98%43%-16%29%60%-38%-79%5%70%32%

Financials of TVS Holdings

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191923272929221916171417
Inventory Days584855444142464439603326
Days Payable7776839484971241079299103104
Cash Conversion Cycle-0-8-5-22-14-25-57-43-37-22-57-62
Working Capital Days-7-17-22-36-1937181-25-32-38-46
ROCE %18%20%19%16%15%12%11%11%12%15%15%17%

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