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TVS Motor Company Ltd

Updated on October 19, 2020

Stock/Share Code - TVSMOTOR

TVS Motor Company Limited is a public limited company incorporated & domiciled in india whose shares are publicly traded. The Company manufactures two wheelers, three wheelers, parts & accessories the...show more

Below is the details of TVSMOTOR TVS Motor Company Ltd

Market Cap	₹20,569 Cr.
Current Price	₹444.65 as on 23 Oct 20
52 Week High / Low Price	₹504 / ₹240.1
Face Value	₹1
Stock P/E	62.28
Book Value	₹76.16
Dividend Yield	0.81 %
ROCE	17.07 %
ROE	17.61 %
Sales Growth (3yrs)	10.61 %
Sector	Automobile
Industry	Automobiles - Motorcycles / Mopeds
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company has been maintaining a healthy dividend payout of 25.52%

Cons: The company has delivered a poor growth of 10.34% over past five years.

TVS Motor Company Ltd Price Chart

TVS Motor Company Ltd Peer Comparison in Automobile

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Hero Motocorp	₹3,111.05	24.09	₹60,045.71 Cr.	2.99	₹59.14 Cr.	-92.24	-63.73	2969.08	27.23
2.	Eicher Motors	₹2,181.9	43.29	₹57,159.54 Cr.	0.60	-₹55.18 Cr.	-112.21	-65.65	818.16	24.58
3.	TVS Motor Co.		62.27	₹20,564.7 Cr.	0.81	-₹139.07 Cr.	-197.73	-67.96	1431.73	17.07

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TVS Motor Company Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020
Sales -	4,065	3,699	4,007	4,168	4,993	4,664	4,384	4,469	4,348	4,125	3,481	1,432
YOY Sales Growth %	19%	24%	41%	23%	23%	26%	9%	7%	-13%	-12%	-21%	-68%
Expenses -	3,702	3,398	3,712	3,847	4,565	4,288	4,076	4,113	3,966	3,762	3,237	1,481
Material Cost %	73%	72%	74%	76%	76%	76%	77%	75%	73%	72%	75%	76%
Employee Cost %	5%	6%	6%	6%	5%	5%	5%	6%	5%	6%	6%	14%
Operating Profit	363	301	295	321	428	376	308	356	382	363	245	-49
OPM %	9%	8%	7%	8%	9%	8%	7%	8%	9%	9%	7%	-3%
Other Income	33	4	10	3	1	1	4	1	81	-75	-7	3
Interest	15	12	18	18	21	17	25	29	28	21	23	52
Depreciation	84	82	94	93	102	101	103	119	124	121	124	91
Profit before tax	297	210	192	212	306	258	184	209	310	146	90	-190
Tax %	28%	27%	14%	31%	31%	31%	27%	32%	18%	17%	18%	27%
Net Profit	213	154	166	147	211	178	134	142	255	121	74	-139
EPS in Rs	4.49	3.25	3.49	3.09	4.45	3.75	2.82	3.00	5.37	2.55	1.55	-2.93
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Sales -	3,671	4,363	6,288	7,142	7,169	7,966	10,042	11,105	12,135	15,175	18,210	16,423	13,386
Sales Growth %	14.02%	18.86%	44.12%	13.57%	0.39%	11.11%	26.07%	10.58%	9.28%	25.05%	20.00%	-9.81%
Expenses -	3,552	4,198	5,890	6,672	6,761	7,516	9,436	10,295	11,276	14,000	16,775	15,080	12,445
Material Cost %	76%	72%	73%	74%	73%	71%	73%	72%	73%	73%	76%	74%
Manufacturing Cost %	3%	3%	3%	3%	3%	2%	2%	2%	2%	2%	1%	1%
Employee Cost %	6%	6%	5%	5%	6%	6%	6%	6%	6%	6%	5%	6%
Other Cost %	12%	16%	12%	12%	14%	15%	13%	13%	12%	12%	10%	11%
Operating Profit	119	165	398	469	408	450	607	810	859	1,175	1,435	1,344	941
OPM %	3%	4%	6%	7%	6%	6%	6%	7%	7%	8%	8%	8%	7%
Other Income	80	89	30	22	-66	60	30	104	171	99	6	2	1
Interest	65	75	72	57	48	25	27	49	44	57	81	102	125
Depreciation	103	103	107	118	130	132	153	236	288	339	399	489	461
Profit before tax	31	76	248	316	164	353	456	629	699	879	961	754	356
Tax %	0%	-16%	22%	21%	29%	26%	24%	22%	20%	25%	30%	21%
Net Profit	31	88	195	249	116	262	348	489	558	663	670	592	311
EPS in Rs			3.92	5.03	2.26	5.28	6.96	9.60	11.27	13.95	14.11	12.47	6.54
Dividend Payout %	53%	32%	27%	25%	49%	25%	26%	24%	21%	24%	25%	28%

Compounded Sales Growth

10 Years:: 14.17%
5 Years:: 10.34%
3 Years:: 10.61%
TTM:: -27.68%

Compounded Profit Growth

10 Years:: 17.73%
5 Years:: 12.03%
3 Years:: 3.09%
TTM:: -50.40%

Return on Equity

10 Years:: 19.55%
5 Years:: 14.32%
3 Years:: -10.73%
1 Year:: 22.60%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	24	24	48	48	48	48	48	48	48	48	48	48
Equity Capital	23.75	23.75	47.51	47.51	47.51	47.51	47.51	47.51	47.51	47.51	47.51	47.51
Reserves	786	842	952	1,122	1,177	1,368	1,598	1,911	2,361	2,833	3,300	3,571
Borrowings	906	1,003	768	831	634	528	970	924	1,107	1,189	1,400	2,022
Other Liabilities -	767	849	1,090	1,114	1,276	1,622	1,989	2,069	2,389	3,087	3,622	3,721
Trade Payables	550	666	669	712	809	998	1,478	1,544	1,859	2,486	2,924	2,886
Advance from Customers	0	0	0	0	26	76	63	85	49	53	58	99
Other liability items	217	183	421	402	442	547	447	441	481	548	640	736
Total Liabilities	2,483	2,717	2,858	3,114	3,136	3,565	4,605	4,952	5,905	7,156	8,369	9,361
Fixed Assets -	996	956	938	1,026	1,011	1,126	1,330	1,720	1,984	2,372	2,579	2,900
Gross Block	1,865	1,909	1,972	2,154	2,248	2,472	2,822	3,465	3,929	4,545	5,054	5,785
Accumulated Depreciation	869	953	1,035	1,129	1,236	1,347	1,492	1,746	1,945	2,174	2,474	2,885
CWIP	40	27	57	53	36	48	89	31	62	131	257	285
Investments	478	739	661	931	869	896	1,012	1,215	1,588	2,035	2,301	2,606
Other Assets -	969	995	1,201	1,105	1,219	1,495	2,173	1,987	2,271	2,618	3,232	3,570
Inventories	321	290	528	585	510	548	820	696	967	964	1,176	1,039
Trade receivables	182	221	271	208	317	334	504	578	724	968	1,414	1,281
Cash Equivalents	42	101	6	13	17	83	5	33	9	11	44	419
Loans n Advances	427	410	301	307	368	490	736	658	631	738	627	570
Other asset items	-2	-27	96	-8	7	40	108	21	-60	-64	-28	260
Total Assets	2,483	2,717	2,858	3,114	3,136	3,565	4,605	4,952	5,905	7,156	8,369	9,361

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	160	339	234	441	433	524	85	941	724	1,297	1,098	1,394
Profit from operations	180	258	383	448	421	490	611	812	904	1,177	1,454	1,286
Receivables	-94	-39	-50	63	-92	-17	-170	-78	-149	-238	-453	171
Inventory	85	31	-238	-57	75	-38	-272	37	-271	3	-212	137
Payables	45	117	221	43	111	190	266	78	317	625	438	-42
Loans Advances	-52	-22	-15	57	-50	-60	-264	0	0	0	0	0
Other WC items	3	22	14	-42	21	87	54	238	51	-22	101	26
Working capital changes	-14	109	-67	63	64	161	-385	275	-51	367	-126	293
Direct taxes	-7	-28	-81	-70	-54	-128	-141	-146	-129	-246	-230	-185
Exceptional CF items	0	0	0	0	1	0	0	0	0	0	0	0
Cash from Investing Activity -	-202	-285	-2	-381	-107	-260	-493	-608	-748	-1,131	-1,002	-1,289
Fixed assets purchased	-45	-90	-115	-208	-124	-249	-367	-580	-589	-788	-714	-715
Fixed assets sold	8	84	38	26	9	3	3	33	8	24	10	23
Capital WIP	-14	13	-30	5	16	-12	-41	58	-31	-29	-25	-17
Investments purchased	-418	-1,016	-867	-282	-60	-289	-132	-171	-194	-76	-30	-6
Investments sold	281	667	950	12	30	261	15	0	0	0	0	6
Interest received	10	12	23	16	19	23	23	39	49	2	3	26
Dividends received	0	0	3	2	3	3	7	11	9	6	3	3
Invest in subsidiaries	0	0	0	0	0	0	0	0	0	-291	-246	-341
Acquisition of companies	0	0	0	0	0	0	0	0	0	-2	0	0
Other investing items	-25	43	-4	47	0	0	-2	0	0	23	-5	-266
Cash from Financing Activity -	21	88	-406	-195	-322	-198	331	-306	-73	-75	81	271
Proceeds from borrowings	105	340	0	48	0	0	77	89	279	192	367	589
Repayment of borrowings	0	-138	-397	-126	0	-107	366	-139	0	0	-0	-0
Interest paid fin	-65	-75	-70	-57	-53	-23	-28	-47	-43	-58	-86	-100
Dividends paid	-19	-39	-41	-66	-72	-69	-83	-206	-141	-188	-200	-200
Financial liabilities	0	0	0	0	0	0	0	0	0	0	0	-18
Other financing items	0	0	102	6	-197	0	-0	-2	-168	-21	0	0
Net Cash Flow	-22	142	-174	-135	4	66	-78	27	-97	91	177	375

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Ratios

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	6%	11%	18%	20%	16%	20%	21%	23%	23%	24%	24%	17%
Debtor Days	18	18	16	11	16	15	18	19	22	23	28	28
Inventory Turnover	7.80	10.45	11.45	9.62	9.67	10.88	10.80	10.64	10.75	11.64	13.04	11.04

Announcements & News

Recent Announcements

Credit Ratings

TVS Motor Company Limited May 11 from care
TVS Motor Company Limited 26 Dec 2019 from care
TVS Motor Company Limited 5 Oct 2018 from care
TVS Motor Company Limited 29 Jun 2018 from care
TVS Motor Company Limited 5 Jan 2018 from care

Annual Reports

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