TVS Motor CompanyNSE: TVSMOTORBSE: 532343Automobile and Auto Components · 2/3 Wheelers

₹4,313.10104.70 (2.49%)

Mkt Cap: ₹2.05 L Cr.
P/E (TTM): 58.38
Open: ₹4,208.40
Day's Range: ₹4,198.00 – ₹4,325.00
52W Range: ₹2,755.00 – ₹4,219.00
Div Yield: 0.29%
EPS (TTM): ₹72.20
Book Value: ₹201.00

TVS Motor Company Financial Statements

Name: TVS Motor Company Financials — historical data
Creator: StockeZee

For Mar 2026, TVS Motor Company reported revenue of ₹56,070 crore and net profit of ₹3,018 crore. Return on equity stands at 33.60%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹56,070 Cr
EBITDA: ₹8,393 Cr
Operating margin: 14.97%
Profit after tax: ₹3,018 Cr
Net margin: 5.38%
EPS: ₹63.53
Latest year: Mar 2026
Years reported: 9

TVS Motor Company profit & loss

Reported annual performance for TVS Motor Company, oldest to newest. Figures in ₹ crore unless a row states otherwise.

TVS Motor Company annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	16,656	20,160	18,849	19,421	24,355	31,974	39,145	44,089	56,070
Sales Growth YoY %	—	21.04%	-6.5%	3.03%	25.41%	31.28%	22.43%	12.63%	27.17%
Other Income	145	25	52	47	33	138	106	70	22
Total Income	16,801	20,185	18,901	19,468	24,388	32,112	39,251	44,159	56,092
Cost of Goods Sold (COGS)	11,292	13,954	12,317	12,925	16,257	20,843	24,405	26,724	34,880
Cost of Materials Consumed	11,003	13,788	12,051	12,701	15,939	20,093	23,718	25,968	33,270
Purchases of Stock-in-Trade	255	245	259	225	579	891	1,012	835	1,231
Changes in Inventories	34	-79	7	-0	-260	-141	-324	-79	379
Gross Profit	5,364	6,206	6,533	6,495	8,098	11,131	14,739	17,365	21,190
Gross Margin %	32.21%	30.78%	34.66%	33.45%	33.25%	34.81%	37.65%	39.39%	37.79%
Total Operating Expenses	3,868	4,045	4,259	4,258	5,343	7,063	9,196	10,716	12,796
Employee Benefit Expense	1,150	1,432	1,539	1,689	2,124	2,890	3,385	3,581	4,392
Other Expenses	2,718	2,613	2,720	2,568	3,219	4,173	5,811	7,136	8,405
EBITDA	1,497	2,161	2,273	2,238	2,755	4,067	5,543	6,649	8,393
OPM %	8.99%	10.72%	12.06%	11.52%	11.31%	12.72%	14.16%	15.08%	14.97%
Total Non-Operating Expenses	712	1,105	1,370	1,437	1,643	2,225	2,903	3,139	3,452
Depreciation & Amortisation	374	442	556	565	743	859	975	1,046	1,273
Finance Costs	338	663	855	881	940	1,368	1,928	2,093	2,230
Exceptional Items (Before Tax)	0	0	-40	-9	-40	-2	0	0	-50
Profit Before Tax (PBT)	930	1,081	874	829	1,064	1,977	2,746	3,579	4,863
Tax Expense	266	357	219	214	336	627	924	1,155	1,635
Current Tax	248	363	295	250	365	703	1,013	1,190	1,620
Deferred Tax	18	-6	-76	-36	-29	-77	-88	-35	15
Effective Tax %	28.6%	33.06%	25.01%	25.82%	31.56%	31.7%	33.66%	32.28%	33.63%
Profit/Loss from Discontinued Operations	0	0	0	0	0	0	0	30	0
Total Profit for Period	665	725	647	608	731	1,309	1,779	2,380	3,186
Less: Non-controlling Interests	12	21	22	13	-26	-19	92	144	168
Net Profit (Owner's PAT)	652	705	625	594	757	1,329	1,686	2,236	3,018
Net Profit Margin %	3.92%	3.5%	3.31%	3.06%	3.11%	4.16%	4.31%	5.07%	5.38%
PAT Growth YoY %	—	8.02%	-11.36%	-4.86%	27.36%	75.56%	26.92%	32.57%	35.01%
Earnings Per Share (EPS)	₹13.73	₹14.83	₹13.15	₹12.51	₹15.93	₹27.97	₹35.5	₹47.06	₹63.53
Diluted Shares Outstanding (Cr.)	48	48	48	48	48	48	48	48	48
Profit/Loss from Associates	1	2	-9	-8	2	-41	-43	-74	-41
Other Comprehensive Income (Net of Tax)	-2	6	-110	116	3	59	-53	47	507
Expenses	15,871	19,104	18,027	18,639	23,324	30,135	36,504	40,579	51,229
Material Cost %	66.06%	68.4%	63.93%	65.4%	65.44%	62.84%	60.59%	58.9%	59.34%
Employee Cost %	6.9%	7.1%	8.17%	8.7%	8.72%	9.04%	8.65%	8.12%	7.83%
Other Cost %	16.32%	12.96%	14.43%	13.22%	13.22%	13.05%	14.84%	16.18%	14.99%
Interest Coverage (x)	3.32	2.59	2.01	1.9	2.14	2.35	2.37	2.68	3.19

TVS Motor Company revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

TVS Motor Company balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

TVS Motor Company annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	3,416	3,603	4,215	5,053	5,910	7,511	9,442	10,713
Equity Share Capital	48	48	48	48	48	48	48	48
Reserves & Surplus	3,123	3,235	3,779	4,352	5,457	6,736	8,456	9,517
Equity Method Investments	130	160	288	365	411	477	167	107
Total Equity	3,416	3,603	4,215	5,053	5,910	7,511	9,442	10,713
Non-Current Liabilities	5,096	5,635	6,869	8,167	10,104	13,631	15,321	13,720
Long-term Borrowings	4,909	5,221	6,280	7,306	9,064	12,629	13,933	12,486
Deferred Tax Liabilities	97	87	219	208	208	196	286	355
Non-Current Provisions	90	122	159	196	231	270	323	355
Other Non-Current Liabilities	—	—	—	45	37	32	28	25
Non-Current Financial Liabilities	4,909	5,425	6,491	7,719	9,628	13,133	14,685	12,986
Current Liabilities	8,185	10,042	10,909	13,852	19,219	21,078	23,174	32,068
Short-term Borrowings	3,254	3,781	3,069	7,992	12,562	12,657	13,683	19,138
Trade Payables	3,160	3,187	4,299	4,625	5,097	6,638	7,561	9,834
Current Financial Liabilities	7,730	9,554	10,336	13,069	18,200	19,971	21,886	30,562
Other Current Financial Liabilities	1,316	2,586	2,968	453	541	675	642	1,590
Other Current Liabilities	390	389	488	675	887	906	1,030	1,119
Current Provisions	65	100	85	107	116	167	218	242
Current Tax Liabilities	—	—	—	—	16	35	40	146
Total Liabilities	13,281	15,677	17,778	22,019	29,323	34,709	38,495	45,788
Total Non-Current Assets	8,365	9,533	11,456	14,224	18,226	20,700	21,953	25,031
Property, Plant & Equipment (PPE)	2,979	3,302	3,367	4,378	4,177	4,294	5,489	6,050
Capital Work-in-Progress	604	847	874	320	316	338	664	974
Intangible Assets	62	183	528	889	836	862	1,283	1,707
Investment Property	138	138	138	138	138	138	141	146
Non-Current Investments	310	211	180	110	364	483	565	519
Loans – Non-Current	3,625	4,148	5,362	6,716	10,321	12,055	11,207	12,299
Other Non-Current Assets	172	160	222	165	139	172	248	701
Non-Current Financial Assets	3,951	4,396	5,557	6,950	10,878	12,733	11,932	12,942
Net Fixed Assets	3,645	4,332	4,769	5,588	5,329	5,494	7,435	8,730
Total Current Assets	8,332	9,747	10,537	12,848	17,007	21,520	25,984	31,002
Inventories	1,292	1,188	1,367	1,642	1,922	2,248	2,417	2,459
Trade Receivables	1,546	1,454	1,036	1,155	1,232	1,839	1,717	2,654
Cash & Cash Equivalents	163	1,080	1,574	1,446	1,851	2,356	4,115	3,926
Current Investments	—	—	—	130	192	163	515	520
Loans – Current	4,600	5,307	5,794	7,299	10,225	13,417	15,093	17,988
Current Financial Assets	6,454	7,962	8,573	10,252	13,753	18,048	22,038	26,171
Other Current Assets	565	594	592	952	1,329	1,199	1,530	2,372
Other Current Financial Assets	102	93	86	132	224	203	326	507
Assets Held for Sale	—	—	—	—	—	—	—	467
Current Tax Assets	22	2	5	1	5	24	—	—
Net Working Capital	147	-295	-372	-1,004	-2,211	442	2,811	-1,065
Additional Asset Fields	246	321	516	871	711	1,122	1,435	1,723
Def Tax Assets	—	—	128	218	306	394	496	574
Non Controlling Int	246	321	388	654	405	728	939	1,149
Total Assets	16,696	19,280	21,993	27,072	35,233	42,220	47,937	56,501
Total Borrowings	8,163	9,002	9,350	15,297	21,626	25,287	27,616	31,624
Net Debt	8,000	7,922	7,776	13,852	19,775	22,931	23,501	27,697
Debt to Equity (x)	2.39	2.5	2.22	3.03	3.66	3.37	2.92	2.95
Current Ratio (x)	1.02	0.97	0.97	0.93	0.88	1.02	1.12	0.97

TVS Motor Company cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

TVS Motor Company annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	-1,560	-4,405	-1,253	3,503	1,867
Profit Before Tax	1,064	1,977	2,746	3,579	4,863
Depreciation & Amortisation	743	859	975	1,046	1,273
Finance Costs	158	200	274	230	309
Working Capital Changes	-3,139	-6,712	-4,206	-217	-2,935
Tax Paid	-366	-608	-959	-1,147	-1,626
Net Cash from Investing Activities	-1,486	-1,308	-1,001	-2,899	-2,964
Purchase of PPE	-985	-1,341	-1,145	-2,478	-3,235
Sale of Fixed Assets	14	22	35	15	89
Interest Received	8	13	24	26	42
Net Cash from Financing Activities	2,918	6,118	2,759	1,155	909
Proceeds from Borrowings	3,353	6,588	3,844	2,328	3,556
Repayment of Borrowings	0	0	-182	0	-1,448
Interest Paid	-156	-112	-284	-407	-249
Dividend Paid	-190	-292	-380	-475	-570
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-82	-128	-196	-238	-414
Net Change in Cash	-128	406	505	1,759	-189
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	-2,545	-5,746	-2,398	1,025	-1,368
CFO / PBT (x)	-1.47	-2.23	-0.46	0.98	0.38

TVS Motor Company key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

TVS Motor Company trades at a P/E of 58.38× against a sector median of 31.58× — a 85% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

TVS Motor Company valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	58.38
Forward P/E	Valuation	31.68
P/B	Valuation	20.92
PEG (TTM)	Valuation	1.74
EV / EBITDA (TTM)	Valuation	32.41
P/S (TTM)	Valuation	3.08
Operating margin	Profitability	14.8%
Net margin (TTM)	Profitability	5.36%
Return on equity	Return ratios	33.6%
Return on capital employed	Return ratios	17.4%
Return on assets	Return ratios	8.55%
Debt to equity	Leverage & liquidity	3.43
Beta	Leverage & liquidity	1.13
EPS (TTM)	Per share	₹72.2
Book value	Per share	₹201
Revenue / share (TTM)	Per share	₹1,127.68
Cash flow / share	Per share	₹39.3
Dividend yield	Shareholder returns	0.29%
Dividend payout (TTM)	Shareholder returns	18.84%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

TVS Motor Company: frequently asked questions

What is TVS Motor Company's annual revenue?

TVS Motor Company reported revenue of ₹56,070 crore in Mar 2026, up 27.2% on the previous financial year.

Is TVS Motor Company profitable?

TVS Motor Company reported a net profit of ₹3,018 crore in Mar 2026, up 35.0% on the previous financial year.

What is TVS Motor Company's EPS?

TVS Motor Company reported earnings per share of ₹63.53 for Mar 2026.

What is TVS Motor Company's operating margin?

TVS Motor Company's operating margin for Mar 2026 was 14.97%.

What is TVS Motor Company's return on equity?

TVS Motor Company's return on equity stands at 33.60%. ROE measures profit generated per rupee of shareholder equity.

How many years of TVS Motor Company financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about TVS Motor Company Ltd (TVSMOTOR) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.