NSE: TVSMOTOR | BSE: 532343

Strong Performer, Getting Expensive

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3525.60 -3.80 (-0.11%)

Near 52W High of ₹3602.70

381.5K NSE+BSE Volume

NSE 22 Sep, 2025 3:31 PM (IST)

167,496.7

Market Cap

Below industry Median

1.3

Beta 1Year

Very High Volatility

TVS Motor Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TVSMOTOR, BSE:532343 TVS Motor Company Ltd.

TVS Motor Company Ltd.

30 Apr 2021

3525.60

-0.11%

TVS MOTOR LIMITED

Buy: TVS Motor Company Ltd.

Recommendation Target

Geojit BNP Paribas

TVS Motors (TVS) is the third largest two-wheeler manufacturer in India with a domestic market share of 14.3% in FY21. Q4FY21 revenue came at 53%YoY in line with our estimate. This was largely on account of lower base, strong export volume growth, premium product mix and price hike. Company reported highest operating growth of 119%YoY for the quarter. Strong cost control initiatives and superior product mix helped the margin to reach at 10.1% against 7% during Q4FY20....

Axis Direct increased Buy price target of TVS Motor Company Ltd. to 3810.0 on 05 Sep, 2025.

TVS Motor Company Ltd.

29 Apr 2021

3525.60

-0.11%

TVS Motor Company: Q4FY21 Result Review

Accumulate: TVS Motor Company Ltd.

Recommendation Target

IDBI Capital

TVS Motor (TVSL) Q4FY21 result were above our and consensus estimates on all parameters. Revenue was ahead of our estimate on account of higher realization, favorable product mix whereas EBITDA was above our and consensus estimates due to lower RM cost and lower operating expenses. We expect domestic 2W/3W industry to see a double digit growth for FY22 on a low base despite 2nd wave of covid as vaccination drive will help in bringing normalcy. We anticipate stronger recovery in export market for 2W/3W segment would help TVSL to partially mitigate any slowdown in domestic market in near term. We build our volume growth estimates for FY22/FY23...

TVS Motor Company Ltd. has gained 25.37% in the last 3 Months

TVS Motor Company Ltd.

28 Apr 2021

3525.60

-0.11%

Result Update:TVS Motor Co.

Hold: TVS Motor Company Ltd.

Target

Axis Direct

We continue to maintain our HOLD rating with a revised target price of Rs 600 from Rs 500 earlier valuing the company at 23x FY23EPS.

TVS Motor Company Ltd. has gained 25.22% in the last 1 Year

TVS Motor Company Ltd.

28 Apr 2021

3525.60

-0.11%

TVS Motor (SELL): Upgrade estimates; maintain SELL on rich valuations

Sell: TVS Motor Company Ltd.

Target

BOB Capital Markets Ltd.

TVS Motor (TVSL) posted a Q4FY21 beat on all counts.

TVS Motor Company Ltd. has gained 25.22% in the last 1 Year

TVS Motor Company Ltd.

03 Feb 2021

3525.60

-0.11%

TVS MOTOR LIMITED

Accumulate: TVS Motor Company Ltd.

Target

Geojit BNP Paribas

VS Motors (TVS) is the third largest two-wheeler manufacturer in India with a market share of 13.9% in FY20. We believe sentiments in the rural is positive and urban demand is showing sign of revival. Higher export, stability in exchange rate are currently driving the industry numbers. Q3FY21 revenue came at 30%YoY on account of strong double digit volume growth, premium product mix and price hike. TVS was able to maintain its margin above 9% (+70bps)due to...

TVS Motor Company Ltd. has gained 25.37% in the last 3 Months

TVS Motor Company Ltd.

29 Jan 2021

3525.60

-0.11%

Result Update:TVS Motor Co.

Hold: TVS Motor Company Ltd.

Target

Axis Direct

We continue to maintain our HOLD rating with a revised target price of Rs 500 from Rs 445 earlier valuing the company at 22x FY23EPS.

TVS Motor Company Ltd. has an average target of 3047.30 from 11 brokers.

TVS Motor Company Ltd.

28 Jan 2021

3525.60

-0.11%

TVS Motor (SELL): Valuations rich; maintain SELL

Sell: TVS Motor Company Ltd.

Target

BOB Capital Markets Ltd.

TVS Motor's (TVSL) Q3FY21 revenue was marginally better than estimated due to above-expected ASP.

TVS Motor Company Ltd. has gained 25.22% in the last 1 Year

TVS Motor Company Ltd.

28 Jan 2021

3525.60

-0.11%

Q3FY21 Result Update - Rich valuations factors in near term positives - SELL

Sell: TVS Motor Company Ltd.

Recommendation Target

Prabhudas Lilladhar

TVSL's Q3FY21 results were in line with record EBITDA margins of 9.5% (+70bp YoY, in line) driven by tight cost control especially on A&P; spends. Adj PAT grew 35% YoY to Rs2.65bn (in-line) driven by healthy operating performance. With declining retails in domestic 2W segment, we believe cost savings related to A&P; are short lived. Further, sharp increase in RM cost too will act as a headwind since series of price hikes over past 18 months have already impacted buying sentiments significantly. Near term tailwinds such...

TVS Motor Company Ltd. has gained 46.06% in the last 6 Months

TVS Motor Company Ltd.

09 Nov 2020

3525.60

-0.11%

EARNINGS UPDATE- TVS MOTORS 2QFY21

Sell: TVS Motor Company Ltd.

Target

Chola Wealth Direct

In 2QFY21, TVS motor's revenue increased by 5.9% YoY (221% QoQ) to 46bn despite a 2% YoY decline in volume. The decline in volumes was largely compensated by higher realizations up 8.1% YoY The Company undertook a blended price hike of 1.5% to pass on the higher costs of BS-VI which led to realization growth. The volume recovered to last year's levels on account of pent-up demand, strong rural economy, availability of retail financing and rise in preference of personal mobility. For 2HFY21E management remains cautiously optimistic as sustainability of...

Axis Direct increased Buy price target of TVS Motor Company Ltd. to 3810.0 on 05 Sep, 2025.

Is TVS Motor Company Ltd. worth buying?

329 Votes:

Buy 66.57%

Sell 20.36%

Hold 13.07%

RESEARCH REPORTS

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