NSE: TVSMOTOR | BSE: 532343

Strong Performer, Getting Expensive

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3409.60 -43.40 (-1.26%)

57.02% Gain from 52W Low

873.2K NSE+BSE Volume

NSE 25 Sep, 2025 3:24 PM (IST)

161,985.7

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.

22 Oct 2021

3409.60

-1.26%

TVS MOTOR LIMITED

Buy: TVS Motor Company Ltd.

Target

Geojit BNP Paribas

Revival in growth expected in second half. TVS Motors (TVS) is the third largest two-wheeler manufacturer in India with a domestic market share of 14.3% in FY21. Q2FY22 revenue growth came at 22% YoY (largely in-line with our...

TVS Motor Company Ltd. has gained 20.18% in the last 3 Months

TVS Motor Company Ltd.

22 Oct 2021

3409.60

-1.26%

Operating performance in line; highest revenue and EBITDA

Neutral: TVS Motor Company Ltd.

Target

Motilal Oswal

We maintain our FY22E/FY23E EPS estimate and Neutral rating, with a TP of INR635 per share, as valuations fairly capture expected strength in earnings growth and risk an EV disruption to its Scooter business....

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

TVS Motor Company Ltd.

21 Oct 2021

3409.60

-1.26%

Q2FY22 Result Update - To outpace industry growth - BUY

Buy: TVS Motor Company Ltd.

Target

Prabhudas Lilladhar

Inline operating performance: Volumes for the quarter grew by 5.6% YoY to 916k units affected by challenging demand environment. However, average realizations grew 15% YoY to Rs 61.3k driven by premiumisation and price hikes (1.1% in 2QFY22). Revenue grew 22% YoY to Rs 56.19bn (vs PLe of Rs 55.82bn), highest ever reported revenue. EBITDA margin came in at 10% (+70bps YoY, vs PLe of 9.1%); this was driven by better product mix and cost...

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

TVS Motor Company Ltd.

01 Sep 2021

3409.60

-1.26%

TVS MOTOR LIMITED

Buy: TVS Motor Company Ltd.

Target

Geojit BNP Paribas

Revival in growth expected in second half. TVS Motors (TVS) is the third largest two-wheeler manufacturer in India with a domestic market share of 14.3% in FY21. Q1FY22 revenue came lower at 26% QoQ due to pandemic related disruption, leading to supply constraints, lower utilization and thus negative operating leverage. Despite adverse commodity price, Strong cost control initiatives...

Number of FII/FPI investors increased from 835 to 944 in Jun 2025 qtr.

TVS Motor Company Ltd.

30 Jul 2021

3409.60

-1.26%

In-line op. performance; credible cost management

Neutral: TVS Motor Company Ltd.

Target

Motilal Oswal

Net sales grew 175% YoY (-26% QoQ) to INR39.3b (v/s est. INR37.9b) as realizations grew 11.5% YoY (+4% QoQ) to INR59.8k (v/s est. INR57.7k). Gross margin contraction was restricted to ~40bp QoQ (+20bp YoY) to 24.3% (v/s est. 23.5%) as commodity cost inflation was diluted by price hikes (110bps), a favorable mix, and cost management. The EBITDA margin declined 310bp QoQ to 7% (v/s est. 7.1%), impacted by higher staff cost and operating deleverage. Higher interest/depreciation restricted adj. PAT to INR757m (v/s est...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

30 Jul 2021

3409.60

-1.26%

EARNINGS UPDATE- TVS MOTORS 1QFY22

Sell: TVS Motor Company Ltd.

Target

Chola Wealth Direct

Commodity cost impact and margins: The commodity cost impact in 1QFY22 was offset by a favorable product mix, cost-saving initiatives, and product price hikes. During the quarter & subsequently beginning Q2'FY22 the company undertook a price hike of 1.1% in Apr'21 and 2.4% in Jul'21. The management is confident of normalizing EBITDA margins, and recovery in volumes...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

30 Jul 2021

3409.60

-1.26%

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 570 (from Rs 600 earlier) valuing the company at 22x FY23EPS.

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

TVS Motor Company Ltd.

29 Jul 2021

3409.60

-1.26%

TVS Motor (SELL): Dull quarter; maintain SELL

Sell: TVS Motor Company Ltd.

BOB Capital Markets Ltd.

Q1 revenue met our estimate but EBITDA margin fell short at 7% and adj. PAT declined 70% QoQ to Rs 833mn

TVS Motor Company Ltd. has gained 20.18% in the last 3 Months

TVS Motor Company Ltd.

29 Jul 2021

3409.60

-1.26%

Q1FY22 Result Update - Below estimates, but outlook remains positive - BUY

Buy: TVS Motor Company Ltd.

Recommendation Target

Prabhudas Lilladhar

Demand outlook remains strong both in Domestic and Export Markets. TVSL's 1Q margins were impacted by low scale of operations and negative operating leverage at 7% (PLe 8.3%). However better product mix in terms of higher share of exports, increasing share of premium products and price hikes supported its gross margins on QoQ basis. Management stands seriously committed to EVs and has earmarked Rs10bn for investment in the EV focused entity. We remain upbeat on export and domestic demand...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

30 Apr 2021

3409.60

-1.26%

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....

TVS Motor Company Ltd. has gained 20.18% in the last 3 Months

Is TVS Motor Company Ltd. worth buying?

329 Votes:

Buy 66.57%

Sell 20.36%

Hold 13.07%

RESEARCH REPORTS

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