Table of Contents

TVS Motor Company Ltd

Updated on January 18, 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...Read more

Below is the details of TVSMOTOR TVS Motor Company Ltd

Market Cap	₹22,674 Cr.
Current Price	₹436.1 as on 10 Dec 19
52 Week High / Low Price	₹594 / ₹338.25
Face Value	₹1
Stock P/E	34.57
Book Value	₹77.72
Dividend Yield	0.73 %
ROCE	23.67 %
ROE	21.56 %
Sales Growth (3yrs)	17.92 %
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 23.25%

Cons:

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.	Eicher Motors	₹21,259.2	29.72	₹62,476.66 Cr.	0.55	₹572.69 Cr.	4.36	-8.96	2192.47	40.59
2.	Hero Motocorp	₹2,330	15.02	₹48,607.06 Cr.	3.58	₹879.45 Cr.	-5.12	-16.44	7660.27	39.04
3.	TVS Motor Co.		34.57	₹22,674.15 Cr.	0.73	₹255.01 Cr.	-4.72	-12.93	4347.84	23.67

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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

	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019
Sales	2,983	2,844	3,400	4,065	3,699	4,007	4,168	4,993	4,664	4,384	4,469	4,348
YOY Sales Growth %	3.02%	1.69%	18%	18.63%	23.98%	40.88%	22.62%	22.85%	26.1%	9.4%	7.2%	-12.93%
Expenses	2,765	2,683	3,188	3,702	3,398	3,712	3,847	4,565	4,288	4,076	4,113	3,966
Material Cost %	72.04%	75.1%	74.58%	73.16%	72.41%	73.51%	75.91%	75.78%	75.79%	76.63%	75.14%	73.36%
Employee Cost %	6.43%	6.11%	6.15%	5.41%	5.73%	5.67%	5.7%	4.91%	5.07%	4.64%	5.57%	5.38%
Operating Profit	218	162	211	363	301	295	321	428	376	308	356	382
OPM %	7%	6%	6%	9%	8%	7%	8%	9%	8%	7%	8%	9%
Other Income	35	63	57	33	4	10	3	1	1	4	1	81
Interest	12	13	11	15	12	18	18	21	17	25	29	28
Depreciation	72	77	78	84	82	94	93	102	101	103	119	124
Profit before tax	170	134	179	297	210	192	212	306	258	184	209	310
Tax %	22%	5%	28%	28%	27%	14%	31%	31%	31%	27%	32%	18%
Net Profit	133	127	129	213	154	166	147	211	178	134	142	255
EPS in Rs	2.79	2.67	2.73	4.49	3.25	3.49	3.09	4.45	3.75	2.82	3.00	5.37
	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 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
Sales	3,219	3,671	4,363	6,288	7,142	7,169	7,966	10,042	11,105	12,135	15,175	18,210	17,864
Sales Growth %	-16.48%	14.02%	18.86%	44.12%	13.57%	0.39%	11.11%	26.07%	10.58%	9.28%	25.05%	20%	%
Expenses	3,178	3,552	4,198	5,890	6,672	6,761	7,516	9,436	10,295	11,276	14,000	16,775	16,443
Material Cost %	75.96%	75.82%	71.91%	73.38%	73.67%	72.53%	71.21%	72.66%	71.85%	72.96%	73.36%	76.01%	%
Manufacturing Cost %	3.2%	3.02%	3.04%	2.72%	2.83%	2.58%	2.18%	2.04%	1.8%	1.75%	1.61%	1.36%	%
Employee Cost %	5.47%	5.57%	5.69%	5.2%	5.18%	5.68%	5.98%	5.9%	5.87%	6.14%	5.72%	5.07%	%
Other Cost %	14.08%	12.35%	15.58%	12.38%	11.75%	13.52%	14.99%	13.35%	13.18%	12.07%	11.57%	9.68%	%
Operating Profit	41	119	165	398	469	408	450	607	810	859	1,175	1,435	1,422
OPM %	1%	3%	4%	6%	7%	6%	6%	6%	7%	7%	8%	8%	8%
Other Income	100	80	89	30	22	-66	60	30	104	171	99	6	86
Interest	11	65	75	72	57	48	25	27	49	44	57	81	99
Depreciation	95	103	103	107	118	130	132	153	236	288	339	399	448
Profit before tax	35	31	76	248	316	164	353	456	629	699	879	961	961
Tax %	10%	0%	-16%	22%	21%	29%	26%	24%	22%	20%	25%	30%
Net Profit	32	31	88	195	249	116	262	348	489	558	663	670	710
EPS in Rs				3.92	5.03	2.26	5.28	6.96	9.60	11.27	13.95	14.11	14.94
Dividend Payout %	52%	53%	32%	27%	25%	49%	25%	26%	24%	21%	24%	25%

Compounded Sales Growth

10 Years:: 17.37%
5 Years:: 17.98%
3 Years:: 17.92%
TTM:: 5.91%

Compounded Profit Growth

10 Years:: 36.69%
5 Years:: 20.71%
3 Years:: 14.18%
TTM:: -3.25%

Return on Equity

10 Years:: 32.16%
5 Years:: 15.48%
3 Years:: 9.10%
1 Year:: -14.38%

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 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Sep 2019
Share Capital	24	24	24	48	48	48	48	48	48	48	48	48	48
Equity Capital	23.75	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	798	786	842	952	1,122	1,177	1,368	1,598	1,911	2,361	2,833	3,300	3,645
Borrowings	666	906	1,003	768	831	634	528	970	924	1,107	1,189	1,400	1,484
Other Liabilities	787	845	906	1,090	1,179	1,343	1,668	2,024	2,148	2,532	3,238	3,728	3,536
Trade Payables	505.01	549.55	666.2	669.11	711.67	808.58	998.91	1487.08	1564.45	1883.75	2508.66	2947.15	2792.17
Total Liabilities	2,275	2,561	2,774	2,858	3,179	3,202	3,611	4,640	5,031	6,048	7,308	8,475	8,713
Fixed Assets	1,016	996	956	938	1,026	1,011	1,126	1,330	1,720	1,984	2,372	2,579	2,877
Gross Block	1790.97	1865.36	1909.14	1972.25	2154.45	2247.93	2472.32	2821.78	3465.14	3929	4545.43	5054.57
Accumulated Depreciation	774.49	869.42	953.41	1034.66	1128.88	1236.45	1346.61	1492.15	1745.55	1945.13	2173.56	2475.26
CWIP	27	40	27	57	53	36	48	89	31	62	131	257	135
Investments	339	478	739	661	931	869	896	1,012	1,215	1,588	2,035	2,301	2,475
Other Assets	893	1,047	1,052	1,201	1,170	1,286	1,541	2,209	2,066	2,414	2,769	3,338	3,225
Inventories	405.38	320.55	289.73	527.92	584.56	509.66	548.15	819.68	696.33	966.95	964.39	1175.94	991.53
Trade receivables	87.86	181.56	220.79	270.62	208.04	316.85	334.12	503.86	578.03	723.77	968.37	1414.14	1568.64
Cash Equivalents	3.73	42.05	101.01	6.01	13.03	17.45	82.57	5.39	32.74	8.51	10.9	43.86	46.64
Loans n Advances	342.87	427.11	410.5	301.1	307.42	368.32	490.19	736.11	658.21	630.92	737.81	626.56	45.15
Other Assets etc	52.77	75.33	30.09	95.75	57.33	73.35	86.27	143.73	100.4	83.73	87.89	77.25	572.92
Total Assets	2,275	2,561	2,774	2,858	3,179	3,202	3,611	4,640	5,031	6,048	7,308	8,475	8,713

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 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Cash from Operating Activity	6	160	339	234	441	433	524	85	941	724	1,297	1,098
Profit from operations	124.55	180.41	257.85	382.59	448.32	421.25	489.97	610.59	811.58	904.35	1177.03	1453.5
Working Capital Changes	-101.38	-13.89	108.72	-67.35	62.55	64.33	161.32	-385.08	275.29	-51.42	366.75	-125.72
Taxes paid	-16.84	-6.78	-27.66	-81.13	-70.02	-53.5	-127.5	-140.67	-145.78	-129	-246.46	-230
Cash from Investing Activity	-106	-202	-285	-2	-381	-107	-260	-493	-608	-748	-1,131	-1,002
Fixed Assets Purchased	-342.46	-44.6	-89.7	-114.74	-207.56	-124.47	-248.52	-366.87	-549.15	-588.7	-787.89	-713.67
Fixed Assets Sold	34.5	8.1	83.8	37.73	25.87	8.52	2.52	2.98	34.35	7.79	24.49	9.71
Capital WIP	179.26	-13.86	13.38	-30.34	4.88	16.42	-11.99	-41.28	58.4	-31.32	-29.46	-24.9
Investments purchased	-958.74	-418.15	-1015.78	-867.34	-281.54	-59.55	-288.69	-131.54	-171.17	-194.38	-76.41	-29.69
Investments sold	964.52	280.83	667.43	950.36	11.66	30.07	261.13	15.22	0	0.23	0	0.49
Cash from Financing Activity	-5	21	88	-406	-195	-322	-198	331	-306	-73	-75	81
Proceeds from Borrowings	86.26	104.69	340.46	0	48.42	0	0	76.57	88.6	279.47	191.69	93.85
Repayment of Borrowings	-75.74	0	-138.18	-396.81	-126.2	0	-106.88	366.29	-139.3	0	0	0
Interest Paid	-11.47	-64.61	-75.36	-70.3	-57.1	-53.04	-22.95	-28.47	-46.91	-43.29	-58.19	-85.7
Dividends Paid	-4.17	-19.46	-38.92	-41.12	-65.9	-71.5	-69	-83.14	-206.48	-141.29	-187.63	-199.98
Net Cash Flow	-105	-22	142	-174	-135	4	66	-78	27	-97	91	177

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Ratios

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROCE %	1%	6%	11%	18%	20%	16%	20%	21%	23%	23%	24%	24%
Debtor Days	10	18	18	16	11	16	15	18	19	22	23	28
Inventory Turnover	8.03	10.11	14.30	15.38	12.84	13.10	15.06	14.68	14.65	14.59	15.71	17.02

Announcements & News

Recent Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release | Nov. 29, 2019
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate | Nov. 28, 2019
Announcement under Regulation 30 (LODR)-Press Release / Media Release | Nov. 27, 2019
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | Nov. 26, 2019
Announcement under Regulation 30 (LODR)-Press Release / Media Release | Nov. 26, 2019

Credit Ratings

Annual Reports

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