NSE: TVSMOTOR | BSE: 532343

Strong Performer, Getting Expensive

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3413.80 -39.20 (-1.14%)

57.22% Gain from 52W Low

634.2K NSE+BSE Volume

NSE 25 Sep, 2025 2:32 PM (IST)

162,185.2

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.

28 Aug 2018

3413.80

-1.14%

TVS MOTOR LIMITED

Hold: TVS Motor Company Ltd.

Recommendation Target

Geojit BNP Paribas

Q1FY19 revenue grew by 22%YoY due to 32% volume growth and superior product mix. PAT grew lower by 13%YoY due to higher tax. EBITDA margin expanded by 120bps despite combination of commodity inflation and elevated competition. Increased penetration in the High margin premium motorcycles is becoming a game changer for the company. The category (>150cc) grew by 30%YoY. We reduce our earnings estimate for FY19/FY20 by10%/12% owing to near term pressure in margins and higher tax....

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

TVS Motor Company Ltd.

13 Aug 2018

3413.80

-1.14%

TVS Motor Company Ltd Q1FY19 results Comment

Results Update: TVS Motor Company Ltd.

HDFC Securities

Revenue rose by 4.03% to Rs. 4153.7 Cr in Q1FY19 when compared to the previous quarter. TVS Motor Company Ltd Q1FY19 results Comment

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

13 Aug 2018

3413.80

-1.14%

EARNINGS UPDATE-TVS MOTORS-1QFY19

Buy: TVS Motor Company Ltd.

Target

Chola Wealth Direct

Sector: Auto /Mid-Cap | Earnings Update 1QFY19 Background: TVS Motors Company Limited, 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 bein g 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., motorcycles, scooters & mopeds as well as the three-wheeler segment. Motorcycles, scooters, mopeds and three-wheelers contribute 38%, 23%, 35% and 4%, respectively, to overall volumes . Exports (mainly Africa) currently account for 15% of the overall volumes....

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

TVS Motor Company Ltd.

08 Aug 2018

3413.80

-1.14%

TVS Motor: Ntorq, Apache, Jupiter & Exports Power Up the Vol...

Buy: TVS Motor Company Ltd.

Recommendation Target

Karvy

Ntorq, Apache, Jupiter & Exports Power Up the Volumes; TVS continues to remain fastest growing 2W company in India. Its three brands (Jupiter, Ntorq and Apache) continue to perform exceedingly well.

TVS Motor Company Ltd. has gained 20.33% in the last 3 Months

TVS Motor Company Ltd.

07 Aug 2018

3413.80

-1.14%

TVS Motor - Result Update

Buy: TVS Motor Company Ltd.

Target

Reliance Securities

Despite strong volume performance, TVS Motor (TVSL) has delivered a subdued operating performance in 1QFY19 primarily owing to higher input cost, increased dealers' margins, competitive intensity and discontinuation of Excise Duty benefit from HP plant. Its revenue, EBITDA and PAT grew by 22% YoY (+4% QoQ), 45% YoY (+9% QoQ) and 13% YoY (-11.5% QoQ) to Rs41.5bn, Rs3bn and Rs1.47bn, respectively. Its EBITDA margin expanded by 116bps YoY and 35bps QoQ to 7.3%. Volume grew by 16% YoY and 4% QoQ to 9,28,274 units on a low base, while average realisation grew by 6% YoY. Its RM/sales increased by 160bps YoY and 240bps QoQ to 76.2%, while other expenses/sales declined by 232bps YoY and 278bps QoQ to 10.7%...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

29 May 2018

3413.80

-1.14%

TVS MOTOR LIMITED

Buy: TVS Motor Company Ltd.

Geojit Research

Q4FY18 revenue grew by 40%YoY due to 32% volume growth and superior product mix. PAT grew by 31%YoY. EBITDA margin expanded by 130bps despite combination of higher raw material price and Employee wage cost. Increased penetration in the High margin premium motorcycles is becoming a game changer for the company. The category (>150cc) grew by 95%YoY. We expect the Revenue /PAT to grow by 19%/33% over FY18-20E led by 16% CAGR in volume growth and superior product mix....

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

TVS Motor Company Ltd.

18 May 2018

3413.80

-1.14%

Result Review of TVS Motor Company

Sell: TVS Motor Company Ltd.

Target

IDBI Capital

TVS motors (TVSL) 4QFY18 results, were below our and consensus estimates on operating level. EBITDA margin were lower due to higher RM cost, minimum wage increase, increase in import duty, product launch in 4QFY18 and Auto Expo expenses. Increase in RM cost and higher import duty on components led to increase in cost by 1.2%. Tamil Nadu and Karnataka state govt. increased the minimum wage which led to increase in cost by ~0.3%. TVS recently launched...

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

TVS Motor Company Ltd.

18 May 2018

3413.80

-1.14%

TVS Motor: Margin Expansion Uncertainty Downgrade to HOLD

Hold: TVS Motor Company Ltd.

Recommendation Target

Karvy

During Q4FY18, TVS Motors (TVS) net sales grew 40.4% YoY to Rs39.9bn vs our estimates of Rs38.2bn, driven by 31.7% volume growth and a 6.5% increase in Average Realizations. Its EBITDA margins expanded by 135ps yoy to 7% but were below our estimates of 9.5% and PAT grew by 30.6% to Rs1.6bn but below our estimates of Rs. 2.4bn.