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 Jul 2020

3546.60

1.33%

Above est.; Lower other expenses drive beat

Neutral: TVS Motor Company Ltd.

Target

Motilal Oswal

It expects cost-cutting efforts to boost margins, with volume recovery and the Premium portfolio outperforming. 25.6%), weighed by a weaker product mix (lower export mix and Apache) and the impact of the BS6 cost inflation (as contribution margins are yet to be Furthermore, op. Interest cost increased due to additional borrowings in 1QFY21 to ensure The company expects demand recovery in 2HFY21, with TVSL performing better than the industry on account of its portfolio. Apache faced severe production-related challenges, which impacted the mix in Expect margins to improve in 2H, driven by cost cutting and focused market strategy. would be INR3b for FY21 and investment in TVS Credit would be We upgrade our FY20/FY21 EPS by 2%/5% to INR10.3/17.5 to reflect volume recovery. We expect TVSLs market share gains to slow as there are now only limited product gaps in its portfolio. We upgrade our FY20/FY21 EPS by 2%/5% to INR10.3/17.5 to reflect demand recovery.

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

TVS Motor Company Ltd.

30 Jul 2020

3546.60

1.33%

TVS Motor

Hold: TVS Motor Company Ltd.

SPA Research

operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 towards lower priced 2Ws, where TVS presence is minimal. Sales expectations from its most is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers profitable segments (3W & exports) also remain blurry. This, along with frequent local level for margin improvement. However, we believe current valuations already discount most of the lockdowns is creating supply side issues. We believe, in FY21e, TVS would grow lower than the...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

16 Jun 2020

3546.60

1.33%

TVS MOTOR LIMITED

Hold: TVS Motor Company Ltd.

Recommendation Target

Geojit BNP Paribas

TVS Motors (TVS) is the third largest two- wheeler manufacturer in India with a market share of 14.8% in FY20. Q4FY20 revenue de-grew by 21%YoY due to sluggish Industry demand and production lock down. Surprisingly, EBITDA margin came in line with our expectation, led...

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

TVS Motor Company Ltd.

02 Jun 2020

3546.60

1.33%

EARNINGS UPDATE- TVS MOTORS 4QFY20

Sell: TVS Motor Company Ltd.

Target

Chola Wealth Direct

Background: TVS Motor Company Limited (TVSM), the third-largest two-wheeler manufacturer in India, is a part of TVS Group; it manufactures motorcycles, scooters, mopeds and three-wheelers in India. TVS Motors is credited with many innovations in the Indian automobile industry, notable among them being the introduction of India's first two-seater moped, the TVS 50cc. The company has presence in all the three sub-segments of two wheelers, i.e.,...

TVS Motor Company Ltd. has gained 17.43% in the last 1 Month

TVS Motor Company Ltd.

01 Jun 2020

3546.60

1.33%

Axis Alpha: TVS Motors (SELL)

Sell: TVS Motor Company Ltd.

Target

Axis Direct

We recommended SELL on TVS Motors with a Target Price of Rs 310, a downside of 12% from CMP and Stop Loss Rs 370.

TVS Motor Company Ltd. has gained 56.46% in the last 6 Months

TVS Motor Company Ltd.

30 May 2020

3546.60

1.33%

TVS Motor

Hold: TVS Motor Company Ltd.

Target

Arihant Capital

TVS Motor (TVS) reported a 44.8% YoY decline in its standalone net profit to Rs739mn for the Q4FY20 due to a 30% fall in its quarterly total sales volume. The company had reported a profit Rs1338mn in Q4FY19. The company has reported a decline of 21% YoY in its standalone revenue from operations at Rs34,814mn for the Q4FY20 under review as compared to Rs43,840 mn in the Q4FY19. EBITDA stood at Rs 2449mn, down 20.5% YoY for Q4FY20 as compared to Rs 3081mn in the Q4FY19, EBITDA margin was flat at 7% in Q4FY20 on account of negative operating...

TVS Motor Company Ltd. has gained 25.82% in the last 1 Year

TVS Motor Company Ltd.

29 May 2020

3546.60

1.33%

TVS Motor Company: Q4FY20 Result Review

Accumulate: TVS Motor Company Ltd.

Recommendation Target

IDBI Capital

TVS Motor (TVSL) Q4FY20 results were above our and consensus estimates at Revenue and PAT. Revenue was higher than our and consensus estimates an account of BSVI price hike. EBITDA margin for the quarter stood at 7.0% which was below our and above consensus estimates of 7.5% and 6.8% respectively mainly on account of higher RM cost. We expect 2W industry to see a double digit decline in FY21 driven primarily by adverse impact of the COVID-19 outbreak on economic growth and discretionary spending. The challenges for the 2W segment are likely to get aggravated as consumer spending will be severely impacted by the outbreak resulting in lower spending power both in urban and rural markets. We...

TVS Motor Company Ltd. has gained 17.43% in the last 1 Month

TVS Motor Company Ltd.

29 May 2020

3546.60

1.33%

TVS Motor

Hold: TVS Motor Company Ltd.

East India Securities Ltd

is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers and lower tax rate (-950bps YoY to 17.8%) offset the impact of exceptional costs. The near-term for margin improvement. However, we believe current valuations already discount most of the outlook is poor due to demand contraction and supply bottlenecks. We believe, in FY21e, TVS positives of the better product mix, growth at export front and margin improvement and hence would grow lower than the industry due to downtrading and competitive prices in the entry...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

28 May 2020

3546.60

1.33%

TVS Motor (REDUCE): Solid performance; valuations cap upside

Sell: TVS Motor Company Ltd.

Target

BOB Capital Markets Ltd.

TVS Motor's (TVSL) adj. Q4 EBITDA beat estimates by ~20% led by a healthy jump in ASP and impressive opex control.

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

TVS Motor Company Ltd.

28 May 2020

3546.60

1.33%

TVS Motor

Buy: TVS Motor Company Ltd.

Recommendation Target

Sharekhan

TVS Motors Limited (TVSM) posted better than expected Q4 FY20 results as margins (adjusted for one-time BS4 provisions) were ahead of our as well as street estimates. TVSM managed to improve margins on a y-o-y basis despite a steep fall in the volumes. With rural sentiments strong due to a good Rabi harvest, reform measures by Government and expectations of normal monsoon for the upcoming year, the 2W industry is expected to recover faster, which in turn would benefit TVSM. Also, to ensure social distancing, there is possibility of people preferring personal transport over the public transport in the post COVID-19 era which would...

TVS Motor Company Ltd. has gained 56.46% in the last 6 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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