TVS Motor Company Ltd

About TVS Motor Company Ltd

TVS Motor Company Ltd is India's third-largest two-wheeler manufacturer and a leading producer of three-wheelers, with a growing presence in the electric vehicle segment. It designs, manufactures, and distributes a wide range of motorcycles, scooters, mopeds, and electric vehicles, maintaining a strong market position in India and expanding its global footprint.

Key Financial Ratios of TVS Motor Company Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. TVS Motor Company Ltd's P/E ratio (TTM) is 57.34, compared to the industry median of 31.87 and large cap median of 40.02.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. TVS Motor Company Ltd's P/B ratio is 21.71, compared to the industry median of 5.26 and large cap median of 8.79.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. TVS Motor Company Ltd's P/S ratio is 3.87, compared to the industry median of 2.40 and large cap median of 3.87.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. TVS Motor Company Ltd's PEG ratio is 1.60.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. TVS Motor Company Ltd's EV/EBITDA ratio is 27.18.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. TVS Motor Company Ltd's ROE is 33.31%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. TVS Motor Company Ltd's ROA is 14.78%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. TVS Motor Company Ltd's ROCE is 17%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. TVS Motor Company Ltd's operating margin is 14.90%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. TVS Motor Company Ltd's net margin is 5.68%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. TVS Motor Company Ltd's current ratio is 1.33.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. TVS Motor Company Ltd's debt-to-equity ratio is 1.44.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. TVS Motor Company Ltd's interest coverage ratio is 3.16.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. TVS Motor Company Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. TVS Motor Company Ltd's EPS is 35.

(Source line: "Ratios as of 24 Aug 2026, based on last traded price of ₹4363.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1978 (as Indian Motorcycle Private Limited)

• Headquarters: Chennai, Tamil Nadu

• Core Offerings: Motorcycles, Scooters, Three-Wheelers, Electric Vehicles, Mopeds

• Stock Listing: NSE (TVSMOTOR), BSE (532343)

• Promoter: TVS Group

History of TVS Motor Company Ltd

TVS Motor Company was incorporated in 1978 as Indian Motorcycle Private Limited. In 1980, it launched India's first two-seater moped, TVS 50. A key milestone was its collaboration with Suzuki Motor Corporation in 1982, forming TVS Suzuki Limited. After the partnership ended in 2001, the company was renamed TVS Motor Company Ltd. It has since focused on independent R&D and product development, launching popular brands like TVS Apache (2007) and NTorq (2018). In 2013, it partnered with BMW Motorrad. A significant global expansion step was the acquisition of Norton Motorcycles, a British brand, in 2020. The company continues to innovate, particularly in the electric vehicle space with its TVS iQube.

Business Segments and Revenue Mix

• Two-Wheelers: Manufactures and sells a comprehensive range of motorcycles (e.g., Apache, Raider, Ronin), scooters (e.g., Jupiter, NTorq, iQube EV), and mopeds (e.g., XL 100) for domestic and international markets.

• Three-Wheelers: Produces and distributes passenger and cargo three-wheelers, including electric variants, catering to both Indian and export demand.

• International Business: Exports its diverse product portfolio, including two and three-wheelers, to over 80 countries across Africa, Latin America, Southeast Asia, and the Middle East.

• Electric Mobility: Actively developing and expanding its electric vehicle (EV) offerings, with the TVS iQube electric scooter being a key product, alongside investments in charging infrastructure and new EV platforms.

Key Personnel

Sudarshan Venu - Managing Director. An MBA from The Wharton School, University of Pennsylvania, and a graduate from the University of Michigan. He has been instrumental in driving the company's global expansion, R&D initiatives, and strategy in electric vehicles.

Subsidiaries and Associate Companies

• TVS Motor (Singapore) Pte. Ltd.

• TVS Motor (Europe) B.V.

• Norton Motorcycles (U.K.) Limited

• TVS Electric Mobility Limited

Corporate Actions

Notable actions include a 1:1 Bonus Issue on February 4, 2023. The company also acquired Norton Motorcycles (U.K.) Limited in 2020 and has consistently increased its stake in Killwatts Private Limited (Ultraviolette Automotive Pvt Ltd), an electric two-wheeler start-up.

References

1. Annual Report 2023-24 (and previous years) 2. Exchange Filings (NSE/BSE) 3. Investor Presentations 4. Company Website