TVS Motor Company Ltd.
NSE: TVSMOTORTVS Motor Company Ltd.: A 30-second snapshot
TVS Motor Company (₹3,527) trades at a trailing PE of 57.0 — the highest among its 6 Auto sector peers — supported by 5-year revenue growth of 31.3% and an ROE of 31.62% that ranks first among peers with available data. The stock is up 32.88% over 12 months and holds above the 200-DMA (₹3,514), though it has slipped 5.98% over the past 3 months and sits below the 50-DMA (₹3,593). A debt-to-equity of 306.09 with a rising trend and free cash flow positive in just 1 of the measured years are the defining balance-sheet characteristics.
P/E
57.0
Forward P/E
31.3
ROE
+31.6%
Debt / Equity
306.09
Profit Margin
+5.4%
Div. Yield
+0.3%
5Y ROE > 15%
4/5
5Y FCF > 0
1/5
Quality
53/100
News
5 headlines · 3 positive · 0 negative
TVSMOTOR: FY 2026 saw record revenue and profits, with strong growth in ICE, EV, and international segments - TradingView
TradingView
TVSMOTOR: Record sales, revenue, and EBITDA growth in FY 2026; strong outlook despite supply risks - TradingView
TradingView
Hyundai Motor and TVS Motor Formalize Partnership to Drive Electric Three-Wheeler Commercialization in India - Business Wire
Business Wire
TVS Motor Company Limited Bonds — Corporate Bond Rates - TradingView
TradingView
Tvsmotor. Share Price Today, Stock Price, Live BSE/NSE Prices and News for Tvsmotor - NDTV Profit
NDTV Profit
Recent context
- ·FY2026 results (May 2026) showed record revenue and profits with growth across ICE vehicles, electric vehicles, and international operations, alongside a reported record EBITDA; a supply-risk caveat was noted alongside the strong-growth narrative.
- ·Hyundai Motor and TVS Motor formalized a partnership in April 2026 for electric three-wheeler commercialization in India, extending TVS’s EV segment beyond two-wheelers into a new vehicle category.
- ·A corporate bond listing note appeared in news flow (May 2026), consistent with the rising debt trend reflected in the D/E of 306.09; debt instruments remain an active part of the company’s capital structure.
Strengths
- +ROE of 31.62% is the highest among Auto sector peers with available ROE data (Bajaj Auto 28.05%, M&M 18.75%, Maruti 14.43%), reflecting above-sector capital efficiency on equity deployed.
- +Five-year revenue growth of 31.3% and earnings growth of 19.1% indicate sustained top-line and bottom-line expansion over the measurement window.
- +Stock has delivered 32.88% price appreciation over 12 months and trades above the 200-DMA (₹3,514), with recent news citing FY2026 record revenue, profit, and EBITDA alongside growth in ICE, EV, and international segments.
- +Forward PE of 31.3 compresses substantially from the trailing PE of 57.0, implying analyst consensus projects significant near-term earnings growth; mean analyst rating of 2.03 across 36 analysts (1–5 scale, lower = more constructive).
Weaknesses
- −D/E of 306.09 with a rising debt trend is materially above typical non-financial auto OEM levels; at a 5.38% profit margin, the headroom for debt servicing under a demand or margin shock is narrow.
- −Free cash flow was positive in only 1 of the available persistence years, meaning reported earnings growth has not consistently translated into surplus cash generation.
- −Composite quality score of 30 ranks last (6th of 6) in the Auto sector peer set, with peers such as BAJAJ-AUTO (55) and EICHERMOT (60) scoring nearly double on the composite metric.
- −Trailing PE of 57.0 ranks highest among 6 sector peers (sector range: 20.9–36.0), a 58–174% premium to peer multiples that depends on earnings growth continuing at an above-peer rate.
Open questions
- ?Does the D/E of 306.09 reflect lease and financial-subsidiary obligations (common in auto groups with financing arms), or does it represent core operating leverage on the standalone entity?
- ?Is the persistent absence of free cash flow a function of heavy EV and international expansion capex — and at what revenue scale does FCF generation normalize, based on historical margins?
- ?How much of the trailing PE premium (57.0 vs peer range 20.9–36.0) is attributable to EV optionality, and how sensitive is this premium to changes in the pace of India’s EV adoption?
- ?Does the 5-year consistency score of 68 and ROE above 15% for 4 of the measured years reflect a durable structural advantage, or is it correlated with the broader two-wheeler upcycle of 2021–2025?
Peer comparison: Auto
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| TVSMOTOR | TVS Motor Company Ltd.You're viewing | 57.0 | +31.6% | 30 |
| Industry avg | across 5 peers | 28.8 | +20.4% | 49 |
| EICHERMOT | Eicher Motors Ltd. | 36.0 | — | 60 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.2 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 20.9 | +18.8% | 52 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 31.8 | — | 46 |
| MARUTI | Maruti Suzuki India Ltd. | 28.0 | +14.4% | 31 |
Technical state
Current price
₹3,527.20
SMA 50
₹3,593.43
SMA 200
₹3,514.03
RSI (14)
45.5 (neutral)
From 52w high
-10.8%
1Y return
+32.9%
3M return
-6.0%
50-DMA
Below
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 306.09 is exceptionally elevated for a non-financial auto OEM; the rising debt trend across the persistence window amplifies solvency risk relative to a 5.38% profit margin that leaves limited buffer for debt servicing under revenue stress.
- highFree cash flow was positive in only 1 of the available persistence years, indicating the business has rarely converted operating profit into surplus cash despite 5-year revenue growth of 31.3%.
- mediumTrailing PE of 57.0 is the highest among all 6 ranked peers in the Auto sector (peers range 20.9–36.0), placing TVSMOTOR at rank 6 of 6 on PE; the premium relies on continued above-peer earnings delivery.
- mediumQuality score of 30 ranks 6th of 6 peers in the Auto sector, below MARUTI (31), TMPV (46), M&M (52), BAJAJ-AUTO (55), and EICHERMOT (60); ROE of 31.62% is the highest among peers with available data, creating a divergence between profitability and composite quality ranking.
- lowNews sample is sparse at 5 articles (3 positive, 2 neutral, 0 negative); sentiment assessment is based on a limited sample, reducing confidence in the overall signal.
Cross-section contradictions
- ROE of 31.62% ranks 1st among peers with available data, yet composite quality score of 30 ranks last (6th of 6), indicating that high return on equity is offset by weak FCF generation, rising debt, and consistency factors in the scoring model.
- Stock is up 32.88% over 1 year and trades above the 200-DMA (₹3,514), yet D/E of 306.09 and FCF positive in only 1 of the measured years represent structural balance-sheet pressures not reflected in 12-month price performance.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days