TVS Motor among top gainers on Nifty Next 50 in yesterday's trading, rises 2.95%
Shares of TVS Motor jumped on Tuesday, with the stock closing at Rs 2,885, a 2.95% increase. The stock was one of the top gainers on the Nifty Next 50 index in yesterday's trading.
Financial Highlights
The financial performance of TVS Motor shows consistent growth in both quarterly and annual results. Here’s a detailed look at the company’s financials:
Consolidated Quarterly Performance
The consolidated quarterly data reveals steady increases in revenue and net profit over the recent periods.
HeadingMar 2024Jun 2024Sep 2024Dec 2024
Mar 2025RevenueRs 10,042.47 CroreRs 10,406.86 CroreRs 11,301.68 CroreRs 11,134.63 Crore
Rs 11,542.00 CroreNet ProfitRs 420.91 CroreRs 502.85 CroreRs 606.96 CroreRs 630.55 Crore
Rs 713.57 CroreEPS8.159.7011.8011.91
13.64
The revenue for the quarter-ending March 2025 stood at Rs 11,542.00 Crore, up from Rs 10,042.47 Crore in March 2024. The net profit increased from Rs 420.91 Crore to Rs 713.57 Crore over the same period. Earnings per share (EPS) also rose from 8.15 to 13.64.
Consolidated Yearly Performance
The consolidated yearly data indicates substantial growth in revenue, net profit, and EPS over the past five years.
Heading2021202220232024
2025RevenueRs 19,420.82 CroreRs 24,355.31 CroreRs 31,973.99 CroreRs 39,144.74 Crore
Rs 44,089.01 CroreNet ProfitRs 615.25 CroreRs 728.39 CroreRs 1,350.19 CroreRs 1,822.01 Crore
Rs 2,453.93 CroreEPS12.5115.9327.9735.50
47.05BVPS88.71106.36124.39158.10
178.98ROE15.5217.2024.1324.85
26.29Debt to Equity2.443.483.933.73
3.25
From 2021 to 2025, revenue increased from Rs 19,420.82 Crore to Rs 44,089.01 Crore. Net profit also saw a significant rise, from Rs 615.25 Crore to Rs 2,453.93 Crore. The Earnings Per Share (EPS) grew from 12.51 to 47.05, and the Return on Equity (ROE) increased from 15.52% to 26.29%. The debt-to-equity ratio slightly decreased from 3.73 in 2024 to 3.25 in 2025.
Annual Income Statement
The annual income statement provides a detailed overview of the company's financial performance over the years.
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021SalesRs 44,089 CroreRs 39,144 CroreRs 31,973 CroreRs 24,355 Crore
Rs 19,420 CroreOther IncomeRs 69 CroreRs 105 CroreRs 138 CroreRs 32 Crore
Rs 47 CroreTotal IncomeRs 44,158 CroreRs 39,250 CroreRs 32,111 CroreRs 24,388 Crore
Rs 19,468 CroreTotal ExpenditureRs 38,485 CroreRs 34,576 CroreRs 28,767 CroreRs 22,383 Crore
Rs 17,757 CroreEBITRs 5,702 CroreRs 4,674 CroreRs 3,344 CroreRs 2,004 Crore
Rs 1,710 CroreInterestRs 2,093 CroreRs 1,927 CroreRs 1,367 CroreRs 940 Crore
Rs 881 CroreTaxRs 1,155 CroreRs 924 CroreRs 626 CroreRs 335 Crore
Rs 214 CroreNet ProfitRs 2,453 CroreRs 1,822 CroreRs 1,350 CroreRs 728 Crore
Rs 615 Crore
Sales have consistently increased over the years, reaching Rs 44,089 Crore in March 2025, compared to Rs 19,420 Crore in March 2021. The net profit has also shown a steady rise, from Rs 615 Crore in March 2021 to Rs 2,453 Crore in March 2025.
Quarterly Income Statement
A closer look at the quarterly income statements reveals the following:
Mar 2025Dec 2024Sep 2024Jun 2024
Mar 2024SalesRs 11,542 CroreRs 11,134 CroreRs 11,301 CroreRs 10,406 Crore
Rs 10,042 CroreOther IncomeRs -68 CroreRs 65 CroreRs 32 CroreRs 40 Crore
Rs -43 CroreTotal IncomeRs 11,473 CroreRs 11,199 CroreRs 11,333 CroreRs 10,447 Crore
Rs 9,998 CroreTotal ExpenditureRs 9,914 CroreRs 9,733 CroreRs 9,918 CroreRs 9,188 Crore
Rs 8,826 CroreEBITRs 1,570 CroreRs 1,466 CroreRs 1,415 CroreRs 1,259 Crore
Rs 1,172 CroreInterestRs 550 CroreRs 539 CroreRs 509 CroreRs 502 Crore
Rs 512 CroreTaxRs 306 CroreRs 296 CroreRs 299 CroreRs 253 Crore
Rs 238 CroreNet ProfitRs 713 CroreRs 630 CroreRs 606 CroreRs 502 Crore
Rs 420 Crore
Sales for the quarter-ending March 2025 reached Rs 11,542 Crore, while net profit stood at Rs 713 Crore. These figures indicate consistent financial health and growth in the short term.
Cash Flow Statement
The cash flow statement provides insights into the company's cash flow from operating, investing, and financing activities.
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Operating ActivitiesRs 3,502 CroreRs -1,252 CroreRs -4,404 CroreRs -1,560 Crore
Rs 1,151 CroreInvesting ActivitiesRs -2,898 CroreRs -1,001 CroreRs -1,307 CroreRs -1,485 Crore
Rs -882 CroreFinancing ActivitiesRs 1,155 CroreRs 2,758 CroreRs 6,118 CroreRs 2,918 Crore
Rs 252 CroreOthersRs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Cash FlowRs 1,759 CroreRs 504 CroreRs 405 CroreRs -128 Crore
Rs 521 Crore
In March 2025, the net cash flow was Rs 1,759 Crore, compared to Rs 504 Crore in March 2024, indicating improved cash management and financial stability.
Balance Sheet
The balance sheet provides a snapshot of the company's assets, liabilities, and equity.
Mar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Share CapitalRs 47 CroreRs 47 CroreRs 47 CroreRs 47 Crore
Rs 47 CroreReserves & SurplusRs 8,455 CroreRs 6,736 CroreRs 5,457 CroreRs 4,351 Crore
Rs 3,779 CroreCurrent LiabilitiesRs 23,173 CroreRs 21,078 CroreRs 19,218 CroreRs 13,851 Crore
Rs 10,908 CroreOther LiabilitiesRs 16,259 CroreRs 14,358 CroreRs 10,509 CroreRs 8,820 Crore
Rs 7,257 CroreTotal LiabilitiesRs 47,936 CroreRs 42,220 CroreRs 35,232 CroreRs 27,072 Crore
Rs 21,992 CroreFixed AssetsRs 8,378 CroreRs 6,326 CroreRs 5,894 CroreRs 5,956 Crore
Rs 5,073 CroreCurrent AssetsRs 25,984 CroreRs 21,520 CroreRs 17,007 CroreRs 12,848 Crore
Rs 10,536 CroreOther AssetsRs 13,574 CroreRs 14,373 CroreRs 12,331 CroreRs 8,267 Crore
Rs 6,382 CroreTotal AssetsRs 47,936 CroreRs 42,220 CroreRs 35,232 CroreRs 27,072 Crore
Rs 21,992 CroreContingent LiabilitiesRs 0 CroreRs 1,158 CroreRs 707 CroreRs 716 Crore
Rs 629 Crore
The total assets and total liabilities have both seen considerable growth, reflecting the company's expanding operations and financial activities.
Financial Ratios
Key financial ratios provide insights into the company's performance and financial health.
RatioMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Basic EPS (Rs.)47.0535.5027.9715.93
12.51Diluted EPS (Rs.)47.0535.5027.9715.93
12.51Book Value / Share (Rs.)178.98158.10124.39106.36
88.71Dividend/Share (Rs.)10.008.005.003.75
3.50Face Value1111
1Gross Profit Margin (%)15.2314.4313.1511.44
11.76Operating Margin (%)12.8611.9410.468.39
8.85Net Profit Margin (%)5.564.654.222.99
3.16Return on Equity (%)26.2924.8524.1317.20
15.52ROCE (%)22.9022.1020.8915.46
15.51Return On Assets (%)4.663.993.772.79
2.70Current Ratio (X)1.121.020.880.93
0.97Quick Ratio (X)1.020.910.780.81
0.84Debt to Equity (x)3.253.733.933.48
2.44Interest Coverage Ratios (X)3.212.933.072.96
1.95Asset Turnover Ratio (%)0.981.011.031.23
88.30Inventory Turnover Ratio (X)11.1311.3811.2812.49
14.203 Yr CAGR Sales (%)34.5541.9730.249.91
9.173 Yr CAGR Net Profit (%)83.5572.0943.530.32
-3.76P/E (x)51.4360.6238.5139.27
46.77P/B (x)13.5215.079.306.76
7.26EV/EBITDA (x)20.7122.2716.9615.83
15.70P/S (x)2.612.611.601.22
1.43
Corporate Actions
TVS Motor Company Ltd has scheduled a board meeting on July 31, 2025, to consider and approve the unaudited financial results for the quarter ending June 30, 2025. The company announced an interim dividend of Rs 10.00 per share on March 20, 2025, with an effective date of March 26, 2025. Historically, the company has also issued bonus shares, with the latest announcement on March 20, 2024, in the ratio of 4:1.The stock’s current performance reflects positive investor sentiment, supported by strong financial results and corporate actions.