TVS Motor Key Ratios
NSE: TVSMOTOR | BSE: 532343
₹4,133.10
As on 04-Sep-2026 15:59IST
Market cap
₹1,96,496 Cr
Revenue (TTM)
₹60,155 Cr
P/E Ratio
57.3
P/B Ratio
18.5
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 8.26 | 33.46 | 30.82 | 21.29 | 22.10 |
| EBIT | 7.00 | 33.65 | 29.37 | 29.76 | 31.27 |
| Net Profit | 32.13 | 67.11 | 46.44 | 33.37 | 31.76 |
| EPS | 32.13 | 67.11 | 43.74 | 32.98 | 35.05 |
| Book Value | -- | -- | 12.47 | 20.21 | 20.10 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 9.85 | 10.99 | 12.68 | 12.54 | 12.53 |
| Net Margin
| 7.11 | 4.51 | 6.05 | 5.67 | 5.31 |
| Return on equity
| 31.33 | 27.75 | 39.13 | 35.27 | 30.74 |
| Return on Capital
| 36.05 | 15.12 | -- | 18.24 | 16.42 |
| Return on Assets
| 14.70 | 4.65 | 6.98 | 6.17 | 5.26 |
| Debt to Equity (x)
| -- | -- | 1.31 | 3.31 | 3.25 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
18.24
|
16.42
|
15.49
|
14.11
|
|
Peer Median
|
--
|
18.24
|
8.26
|
23.93
|
--
|
ROE
39.13
Higher than Peers by 15.55
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
39.13
|
35.27
|
30.74
|
28.54
|
26.44
|
|
Peer Median
|
23.58
|
23.91
|
11.35
|
18.78
|
--
|
ROA
6.98
Lower than Peers by 8.45
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
6.98
|
6.17
|
5.26
|
4.57
|
4.24
|
|
Peer Median
|
15.43
|
6.17
|
2.72
|
7.31
|
--
|
EBIT Margin
12.68
Lower than Peers by 0.01
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
12.68
|
12.54
|
12.53
|
11.59
|
10.03
|
|
Peer Median
|
12.69
|
12.81
|
16.90
|
12.15
|
--
|
Net Margin
6.05
Lower than Peers by 4.78
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
6.05
|
5.67
|
5.31
|
4.51
|
4.08
|
|
Peer Median
|
10.83
|
9.21
|
7.10
|
8.06
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
7.95
|
7.70
|
6.99
|
6.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
30.82
Higher than Peers by 16.32
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
30.82
|
27.17
|
13.69
|
21.28
|
31.28
|
|
Peer Median
|
14.50
|
30.82
|
10.99
|
14.50
|
--
|
EBIT Growth
29.37
Higher than Peers by 5.52
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
29.37
|
27.29
|
22.91
|
40.09
|
59.49
|
|
Peer Median
|
23.84
|
34.09
|
9.16
|
35.21
|
--
|
Net Profit Growth
46.44
Higher than Peers by 26.99
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
46.44
|
35.60
|
34.01
|
33.92
|
79.16
|
|
Peer Median
|
19.45
|
27.61
|
15.51
|
36.73
|
--
|
EPS Growth
43.74
Higher than Peers by 20.07
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
43.74
|
35.01
|
32.57
|
26.92
|
75.56
|
|
Peer Median
|
23.67
|
43.97
|
23.13
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
12.47
|
25.35
|
23.22
|
25.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.31
Higher than Peers by 1.30
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
1.31
|
3.31
|
3.25
|
3.73
|
3.93
|
|
Peer Median
|
0.01
|
0.21
|
0.38
|
0.02
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
0.81
|
0.33
|
0.68
|
0.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.98
Lower than Peers by 0.70
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
0.98
|
0.98
|
1.12
|
1.02
|
0.89
|
|
Peer Median
|
1.68
|
1.87
|
1.15
|
1.15
|
--
|
Quick Ratio
0.90
Lower than Peers by 0.52
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
0.90
|
0.90
|
1.02
|
0.91
|
0.79
|
|
Peer Median
|
1.42
|
1.64
|
1.59
|
0.91
|
--
|
Interest Coverage
3.38
Lower than Peers by 85.56
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
3.38
|
3.16
|
2.67
|
2.39
|
2.42
|
|
Peer Median
|
88.94
|
11.33
|
35.03
|
37.84
|
--
|
Operating Efficiency
Debtors to sales
4.41
Higher than Peers by 0.27
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
4.41
|
4.73
|
3.89
|
4.74
|
3.93
|
|
Peer Median
|
4.14
|
1.65
|
3.39
|
4.70
|
--
|
Asset Turnover
1.15
Higher than Peers by 0.17
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
1.15
|
1.08
|
0.99
|
1.01
|
1.03
|
|
Peer Median
|
0.98
|
1.15
|
0.90
|
1.01
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
14.23
|
14.72
|
14.57
|
13.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
15.87
|
19.31
|
19.62
|
20.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
91.02
|
96.97
|
88.24
|
85.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
--
|
-60.92
|
-62.94
|
-54.05
|
-51.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
57.33
Higher than Peers by 1.58
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
57.33
|
52.98
|
51.44
|
60.61
|
38.53
|
|
Peer Median
|
55.75
|
57.33
|
69.67
|
50.85
|
--
|
Price / Book Value
18.48
Higher than Peers by 10.52
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
18.48
|
16.72
|
13.52
|
15.07
|
9.30
|
|
Peer Median
|
7.95
|
7.95
|
4.05
|
7.25
|
--
|
Dividend Yield
0.29
Lower than Peers by 0.79
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
0.29
|
0.36
|
0.41
|
0.37
|
0.46
|
|
Peer Median
|
1.08
|
0.29
|
0.76
|
1.07
|
--
|
EV/EBITDA
24.63
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
24.63
|
22.23
|
20.57
|
22.40
|
16.87
|
|
Peer Median
|
--
|
31.72
|
26.51
|
44.53
|
--
|
Market Cap
1,96,496
Higher than Peers by 90,361
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
TVS Motor
|
1,96,496
|
1,59,910
|
1,14,997
|
1,02,217
|
51,187
|
|
Peer Median
|
1,06,135
|
62,822
|
51,901
|
1,10,233
|
--
|