Obermatt

TVS Motor

NSI:TVSMOTOR · INE494B01023
AutomobilesX-Large

360

33
Medium confidence — indicative
EV / EBIT18
Price / Owner Earnings3
Owner Earnings Yield40
Dividend Yield1
Price/Sales37
EV / Gross Profit26
Price/Book3
Return on Capital93
Cash Return on Capital51
Return on Equity96
EBIT Margin90
Gross Profitability96
Cash Conversion23
Owner Earnings Margin49
Sales growth85
Profit Growth80
Long-Term EPS Growth91
Reinvestment96
Price momentum72
Debt load5
Refinancing50
Debt Payback17
Liquidity28
Analyst ratings59
Opinion Changes42
Price Target Upside41
Market mood100
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

TVS Motor generates returns well above its cost of capital, the foundation of durable shareholder value.

Based on 3/5 components.

Profile

CountryIndia
IndustryAutomobiles
SizeX-Large
TypePublic Company
ExchangeBSE
Founded1992
Employees8,306
ISININE494B01023
Last UpdateApr 2, 2026
Index & Theme
Electric VehiclePredictive AnalyticsMicro-MobilityAutomotive

Description

TVS Motor Company Limited engages in the manufacturing and distribution of a wide range of two-wheelers, three-wheelers, and automotive components. The company is recognized for its innovative designs, engineering excellence, and commitment to custom…

Analysis

Hope premium

TVS Motor Company Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 135.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 32% a year, against analyst forecasts of 25%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is stretched. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
40
2023202420252026

All-time high

60

Mar 2026

All-time low

22

Jan 2025

Average rank

35

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
37
49
50
83
Price/Earnings
18
36
36
57
Price/Book
3
8
16
44
Dividend Yield
1
27
30
43
Value (overall)
6
35
46
73

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare TVS Motor with its peers
Hero Motocorp
NSI:HEROMOTOCO
90
CountryIndia
IndustryAutomobiles
SizeX-Large
Full Stock Analysis →
Tube Investments of India
NSI:TIINDIA
26
CountryIndia
IndustryAuto Components
SizeLarge
Full Stock Analysis →
Exide Industries
NSI:EXIDEIND
16
CountryIndia
IndustryAuto Components
SizeLarge
Full Stock Analysis →
Apollo Tyres
NSI:APOLLOTYRE
85
CountryIndia
IndustryAuto Components
SizeLarge
Full Stock Analysis →
MRF
NSI:MRF
59
CountryIndia
IndustryAuto Components
SizeX-Large
Full Stock Analysis →
Aapico Hitech
SET:AH
42
CountryThailand
IndustryAuto Components
SizeMedium
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →