NSE: TVSMOTOR | BSE: 532343

Strong Performer, Getting Expensive

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3490.30 3.70 (0.11%)

Near 52W High of ₹3602.70

325.9K NSE+BSE Volume

NSE 10 Oct, 2025 3:31 PM (IST)

165,819.7

Market Cap

Above industry Median

1.2

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.

23 Jul 2019

3490.30

0.11%

TVS Motor

Hold: TVS Motor Company Ltd.

Target

Arihant Capital

TVS Motor Co (TVSL) reported in-line operating performance in Q1FY20 as net sales stood at Rs 44.7bn (+7.6% YoY / +1.9% QoQ) led by higher realizations which stood at Rs 48k (+8.2% YoY / +0.2% QoQ). Gross margins at 24.9% (+104bps YoY/ +149bps QoQ) was due to higher export mix and softening of commodity prices. The EBITDA margin stood at 8% (+58bps YoY/ +93bps QoQ) vs our est of 7.2% on account of efforts towards cost reduction through value engineering. On the concall, management highlighted that demand will remain weak in Q2 FY20....

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

TVS Motor Company Ltd.

23 Jul 2019

3490.30

0.11%

TVS - 1QFY20 Result Update

Sell: TVS Motor Company Ltd.

Target

Reliance Securities

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

23 Jul 2019

3490.30

0.11%

TVS Motor: Impressive Performance in Challenging Period Maintain BUY

Buy: TVS Motor Company Ltd.

Target

Karvy

During Q1FY20, TVS sales increased by 7.2% YoY to Rs44.7bn (above our estimates Rs43.9 bn). Its EBITDA margins expanded by 26bps to 8% (our estimates were 7.5%). PAT of the company declined by 2.9% YoY to Rs 1.4bn (below our estimates of Rs1.5bn).

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

24 Jun 2019

3490.30

0.11%

TVS Motor

Hold: TVS Motor Company Ltd.

Target

Sharekhan

For TVS Motors (TVS), FY2019 was another great year as the company continued to outpace the industry growth driven by new launches and expanding its geographical reach. TVS grew at more than double the industry rate in FY2019 with its subsidiaries also turning profitable. Return ratios remained strong in excess of 20%. FY2020 however, is likely to be a challenging year, due to a dwindling demand environment. Volume slowdown coupled with intense competitive pressures and cost increases due to regulatory norms, are likely to keep the earnings...

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

TVS Motor Company Ltd.

04 May 2019

3490.30

0.11%

TVS MOTOR LIMITED

Sell: TVS Motor Company Ltd.

Target

Geojit BNP Paribas

TVS Motors (TVS) is the third largest two- wheeler manufacturer in India with market share of 14.2% in FY19. Q4FY19 revenue grew by 9.4%YoY driven by marginal price hike of 0.4% and increase in export sales(+22%YoY). Volume for the quarter came at 2%YoY, largely due to lower domestic demand. EBITDA margin declined by 40bps to 7% (our estimate were 7.6%)...

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

TVS Motor Company Ltd.

02 May 2019

3490.30

0.11%

TVS Motor Company: Q4FY19 Result Review

Sell: TVS Motor Company Ltd.

Target

IDBI Capital

TVS motors (TVSL) Q4FY19 results were below our and consensus estimates on operating level. EBITDA margin for the quarter stood at 7.0% which was below our and consensus estimates of 8.0% and 7.7% respectively mainly on account of high RM cost. We cut our volume and revenue estimates by 1.5% each for FY20E factoring slower growth for 2W in H1FY20 and introduce FY21 estimates. We have built in revenue/earning CAGR of 14% and 21% over FY19-FY21E respectively with EBITDA margin of ~8.4%. We maintain our REDUCE rating and change our TP to Rs430 (earlier Rs480). We reduce our target multiple and value the company at 21x (earlier 23x) on...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

02 May 2019

3490.30

0.11%

Q4FY19 Result Update - Margin outlook cautious; Downgrade to Hold'

Accumulate: TVS Motor Company Ltd.

Target

Prabhudas Lilladhar

We are downgrading our rating from Accumulate to Hold due to sustained Change in Estimates | Target | Reco disappointment on margins and weak industry outlook. For Q4FY19, TVS motor's revenues grew ~10% YoY, ahead of our expectations, to Rs43.8bn....

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

TVS Motor Company Ltd.

01 May 2019

3490.30

0.11%

TVS Motor : Industry Outperformance Continues Maintain BUY

Buy: TVS Motor Company Ltd.

Recommendation Target

Karvy

During Q4FY19, TVS sales increased by 9.4% YoY to Rs43.8bn (above our estimates Rs41.6 bn). Its EBITDA margins declined by 34bps to 7% (our estimates were 7.6%). PAT of the company declined by 19.2% YoY to Rs 1.3bn (below our estimates of Rs1.4bn).

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

30 Apr 2019

3490.30

0.11%

TVS Motor (ADD): Results disappoint, Q1 outlook subdued

Buy: TVS Motor Company Ltd.

Target

BOB Capital Markets Ltd.

TVS Motor's (TVSL) Q4FY19 volumes were up just 2% YoY while realisations grew a healthy ~8%, leading to a 9.8% increase in revenue to Rs 43.8bn. Weak gross margins restricted EBITDA growth to 9.8% YoY at Rs 3.1bn and EBITDA margins to 7%, while higher interest costs and taxes saw adj. PAT drop 19% YoY to Rs 1.3bn. We pare FY20/FY21 EPS estimates by 6.9%/6.3% to build in lower volumes and margins, along with higher finance costs. Upon...