NSE: TVSMOTOR | BSE: 532343

Strong Performer, Getting Expensive

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3408.40 -44.60 (-1.29%)

56.97% Gain from 52W Low

890.1K NSE+BSE Volume

NSE 25 Sep, 2025 3:31 PM (IST)

161,928.7

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.

16 May 2018

3408.40

-1.29%

TVS Motor Company: Below estimate; Margins disappoint again; cutting estimates by 11-12 %

Neutral: TVS Motor Company Ltd.

Target

Motilal Oswal

Volumes grew32% YoY (+7.6% QoQ) to 889.1k units. Realizations rose 0.7% QoQ (+6.3%YoY) to INR44.9k (in-line) due to a favourable mix. Gross margin of 26.2%(est. of 27.1%) contracted by ~110bp QoQ (+130bp YoY), primarily due to~120bp impact of RM inflation. EBITDA margin of 7% came in below our estimate of 8.1% due to RM inflation, higher staff cost (+30bp, due increase in minimum wages in TN/Karnataka) and ~50bp impact of Auto Expo & new product launches. Further, higher depreciation and interest cost restricted PAT growth to ~31% YoY (INR1.65b v/s est. INR1.74b).

TVS Motor Company Ltd. has gained 20.14% in the last 3 Months

TVS Motor Company Ltd.

16 May 2018

3408.40

-1.29%

TVS Motor - 4QFY18 Result Update

Buy: TVS Motor Company Ltd.

Recommendation Target

Reliance Securities

We are positive on TVSL on the back of ongoing traction on volume across segments, success of new products leading to steady rise in brand equity, improving margin profile and imminent opportunities from BMW products. In our view, TVSL is better-placed in domestic two-wheeler space with strong product portfolio at present and additional benefits from BMW tie-up. Valuing...

TVS Motor Company Ltd. has gained 39.42% in the last 6 Months

TVS Motor Company Ltd.

05 Apr 2018

3408.40

-1.29%

TVS Motor

Buy: TVS Motor Company Ltd.

Bonanza

Recently, the stock price of TVS Motor Company Ltd. (TVS Motor) corrected by ~22% from 52-week high of Rs.795 despite reporting good set of numbers in the recent quarters. TVS Motor is the 4th largest 2-wheeler manufacturer with a strong presence in the scooter segment. Its scooter segment has surpassed the growth of the motorcycles segment over the past couple of years and currently contributes 30% to the total 2-wheeler volume. Volume growth of TVS Motor attributed to good response to new products in domestic...

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

05 Feb 2018

3408.40

-1.29%

Result Update:TVS Motor Co.

Sell: TVS Motor Company Ltd.

Recommendation Target

Axis Direct

Despite gross margin improvement, Q3FY18 EBITDA margin at 7.8% (+50 bps YoY/ -90 bps QoQ) missed our/consensus estimate of 8.2%/8.0% due to higher other expenses. Management reiterated its target of double digit margin in Q4FY18.

TVS Motor Company Ltd. has gained 39.42% in the last 6 Months

TVS Motor Company Ltd.

31 Jan 2018

3408.40

-1.29%

TVS Motor Company Ltd Q3FY18 results comment

Results Update: TVS Motor Company Ltd.

HDFC Securities

TVS Motor Company Ltd Q3FY18 results comment Revenue fell by 9.07% to Rs. 3684.95 Cr in Q3FY18 when compared to the previous quarter

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

TVS Motor Company Ltd.

31 Jan 2018

3408.40

-1.29%

Result Review of TVS Motor Company

Sell: TVS Motor Company Ltd.

Target

IDBI Capital

TVS Motor's 3QFY18 EBITDA margin improved by +50bps yoy (-80bps qoq) to 7.8% (IDBI Est: 7.0%; Consensus Est: 7.9%), led by better scale and favorable product mix. Management expects strong volume growth and market share gains in domestic motorcycles/scooters, driven by network expansion and new launches. Company expects to launch new motorcycle and scooter in 4QFY18 and maintain its double digit operating margin guidance for 4QFY18. We expect revenue to grow at 18% CAGR over FY17-20E, led by 12% CAGR in volume. Margin is likely to expand by 100bps over FY17-20E, driven by better scale, increased penetration in high-margin...

TVS Motor Company Ltd. has gained 20.14% in the last 3 Months

TVS Motor Company Ltd.

31 Jan 2018

3408.40

-1.29%

EARNINGS - TVS MOTORS 3QFY18

Buy: TVS Motor Company Ltd.

Recommendation Target

Chola Wealth Direct

Sector: Auto /Mid-Cap | Earnings Update 3QFY18 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 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., 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 ....

TVS Motor Company Ltd. is trading above all available SMAs

TVS Motor Company Ltd.

01 Nov 2017

3408.40

-1.29%

TVS Motor : In-line results; decadal-high EBITDA margins; Valuations

Neutral: TVS Motor Company Ltd.

Recommendation Target

Motilal Oswal

Earnings call highlights: a) Management maintains double-digit margin target by 4QFY18. b) Taken price hike of INR250/unit in Sep-17; further price increase expected in future to pass cost inflation. c) New launches in motorcycle and scooter segments in 2HFY18 (incl. electric scooter). d) Growth momentum in exports to continue. e) Post acquiring 100% stake in TVS Motor Services, it has 85% stake in TVS Credit Services (NBFC arm). f) Proposed interim dividend of ~INR2/share (v/s FY17 dividend of INR2.5/sh). Valuation view: We upgrade EPS for FY19/20E by 5%/3%, driven by upgrade...

TVS Motor Company Ltd. has gained 39.42% in the last 6 Months

TVS Motor Company Ltd.

17 Aug 2017

3408.40

-1.29%

TVS Motor Company Ltd Q1FY18 results comment

Results Update: TVS Motor Company Ltd.

HDFC Securities

Revenue increased by 19.51% to Rs. 3399.51 Cr in Q1FY18 when compared to the previous quarter Revenue increased by 19.51% to Rs. 3399.51 Cr in Q1FY18 when compared to the previous quarter

TVS Motor Company Ltd. has gained 20.14% 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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Buy SEE REPORTS >

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