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.

30 Apr 2019

3490.30

0.11%

TVS Motor

Sell: TVS Motor Company Ltd.

Recommendation Target

Dolat Capital

Margin Under Pressure, RiskReward is Unfavorable; SELL TVSL reported a disappointing PAT of ` 1.33bn (-19.2% YoY). This was despite a revenue increase of 9.8% YoY, led by a higher volume growth (+2% YoY) and better realizations (+7.6% YoY). The EBITDA margins was under pressure (at 7%, flat YoY), as it was impacted by the fall in gross margin (+280bps YoY affected by adverse product mix, negative operating leverage, inventory adjustment, and commodity inflation). The management expects the 2W industry growth to be muted in Q1FY20, and...

TVS Motor Company Ltd. has gained 23.33% in the last 3 Months

TVS Motor Company Ltd.

02 Mar 2019

3490.30

0.11%

TVS Motor

Hold: TVS Motor Company Ltd.

Recommendation Target

Sharekhan

below our as well as the consensus estimate. Topline at Rs 4,384 crore grew 9% y-o-y on the back of growth of 7% growth in realizations due to increasing share of nonmopeds and price hikes undertaken. Volume growth slowed down sharply to 2% driven by weak retail demand due to slowing economic growth and rural stress. Operating margins at 7% declined 40 bps...

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

TVS Motor Company Ltd.

23 Jan 2019

3490.30

0.11%

TVS Motor Company Q3FY19 Result Review

Sell: TVS Motor Company Ltd.

IDBI Capital

(IDBI Cap. Est: Rs45.4bn; Consensus Est: Rs45.5bn), led by +20% YoY / -9% QoQ growth in volumes and better realizations. Net realization for the quarter increased +2.7% QoQ which was impacted by price hike of ~0.6% taken by the company during the quarter. With the recent safety regulation models are getting migrated to new refreshes which also helped to improve the overall realization. Gross margin remained flat QoQ to 24.2%. EBITDA margin for the quarter remained flat YoY / -50 bps QoQ to 8.1% (IDBI Cap. Est: 7.8%; Consensus Est: 7.9 %). Other expenses increased +1.7% YoY / -3.6% QoQ to Rs5.1bn. Other income declined -85% YoY/ -12%...

TVS Motor Company Ltd. has gained 41.01% in the last 6 Months

TVS Motor Company Ltd.

23 Jan 2019

3490.30

0.11%

TVS MOTOR LIMITED

Sell: TVS Motor Company Ltd.

Geojit BNP Paribas

Despite taking price hike for the quarter EBITDA margin improved marginally by 30bps which is below our expectation. We believe TVS would continue to gain market share in MC/scooter segment on account of recent launches and network expansion. Higher raw material price & heightened competition in the commuter MC segment and in the scooter is expected to keep margin under check. Considering the near term headwinds we lower our EBITDA margin estimate by 20bps/40bps for FY19/FY20E respectively....

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

23 Jan 2019

3490.30

0.11%

EARNINGS UPDATE-TVS MOTOR COMPANY 3QFY19

Buy: TVS Motor Company Ltd.

Target

Chola Wealth Direct

TVS Motor Company Ltd. has gained 41.01% in the last 6 Months

TVS Motor Company Ltd.

23 Jan 2019

3490.30

0.11%

BOBCAPS First Light | GAIL (HIGH CONVICTION: BUY), TVS Motor

Top Picks: TVS Motor Company Ltd.

BOB Capital Markets Ltd.

Our recent meeting with GAIL reinforces our conviction in the stock despite a perceived cloud over earnings amid the volatile macro environment. Concerns over US LNG spreads and cyclical business profitability appear to be easing as oil prices stabilise in the US$ 60-70/bbl range. Further, the outlook on gas transmission volumes looks buoyant on the back of incremental LNG regasification capacities and pipelines. We trim FY19 earnings by 10% on...

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

TVS Motor Company Ltd.

23 Jan 2019

3490.30

0.11%

TVS Motor: Beats Estimates Maintain HOLD

Hold: TVS Motor Company Ltd.

Target

Karvy

Beats Estimates Maintain HOLD: During Q3FY19, TVS sales increased by 26.1% YoY to Rs46.6bn (above our estimates Rs. 45.5 bn). Its EBITDA margins declined by 7 bps to 8.1% (our estimates were 7.3%).

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

22 Jan 2019

3490.30

0.11%

Mix, Fx led beat on margins; management expects recovery from 4Q

Neutral: TVS Motor Company Ltd.

Target

Motilal Oswal

22 January 2019 TVSL reported healthy 3QFY19 results with realizations growing 5.3% YoY (+2.7% QoQ) to INR47.1k (v/s est. INR46k) driven by improvement in mix, price increase (0.6%) and favorable forex. Volumes grew 20% YoY (-9% QoQ) to 989.7k units. Consequently, revenues grew 26% YoY to INR46.6b (in line), while gross margins came in at 24.2%, declining -340bp YoY (flat QoQ). Staff costs were below estimate at INR2.4b (est. INR2.6b) and other expense came in slightly higher at INR5.

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

25 Oct 2018

3490.30

0.11%

TVS MOTOR LIMITED

Sell: TVS Motor Company Ltd.

Recommendation Target

Geojit BNP Paribas

Q2FY19 revenue grew by 23%YoY led by 15% volume growth and superior product mix. PAT de- grew by 1% due to lower other income & higher tax. EBITDA margin contracted by 30bps due to commodity inflation and higher discount in commuter segment to gain market share. Penetration in the premium motorcycles is becoming a game changer for the company. This category (>150cc) grew by 27%YoY for H1FY19. We reduce our earnings estimate for FY19/FY20 by 8%/5% incorporating recent changes in the Ind-AS (2% of revenue) and lower other income....

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

TVS Motor Company Ltd.

24 Oct 2018

3490.30

0.11%

Result Review of TVS Motor Company

Sell: TVS Motor Company Ltd.

Target

IDBI Capital

TVS motors (TVSL) Q2FY19 results, were above our and consensus estimates on operating level. EBITDA margin for the quarter stood at 8.6% vs our and consensus estimates of 7.9% each respectively. Increase in revenue on QoQ was primarily on account of change in IndAS. As per the new accounting standard; interest income from...

TVS Motor Company Ltd. is trading above all available SMAs

Is TVS Motor Company Ltd. worth buying?

331 Votes:

Buy 66.47%

Sell 20.24%

Hold 13.29%

RESEARCH REPORTS

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