TVS Motor Company Limited (TVSMOTOR) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Capitalization, bln ₹		284.51	215.63	197.23	284.31	398.6	644.15		1 659.41	1 659.41	636.74	53.11
Revenue, bln ₹	124.63	156.25	185.26	168.38	172.71	213.21	319.74	392.3	440.89	440.89	307.77	20.62
Net profit, bln ₹	5.11	6.52	7.05	6.25	5.94	7.57	13.29	16.86	22.36	22.36	13.20	30.36
EV, bln ₹		352.77	306.98	300.4	388.52	442.03	715.96	1 210.81	1 394.72	1 394.72	830.41	29.13
EBIT, bln ₹	6.37	11.96	17.11	15.57	15.5	20.05	33.44	45.84	55.99	55.99	34.16	29.29
EBITDA, bln ₹	9.54	15.7	21.53	21.13	21.15	27.48	42.03	55.59	66.44	66.44	42.54	25.73
OIBDA, bln ₹					13.68	40.03	61.8	138.21	100.12	100.12	70.77	48.90
Book value, bln ₹	22.16	26.77	31.7	32.82	38.27	43.99	55.05	67.84	85.03	85.03	58.04	17.31
FCF, bln ₹	0.4992	-7.55	-20.57	-6.41	2.23	-25.45	-57.46	-23.98	10.25	10.25	-18.8820	35.67
Operating Cash Flow, bln ₹	6.89	3.09	-9.18	3.73	11.51	-15.6	-44.05	-12.53	35.03	35.03	-5.1280	24.93
Operating profit, bln ₹	5.92	5.24	2.87	-0.9622	-3.34	20.12	33.06	99.48	56.03	56.03	41.07	-275.77
Operating expenses, bln ₹	28.72	37.34	42.09	45.62	46.3	54.37	79.22	46.77	117.62	117.62	68.86	20.50
CAPEX, bln ₹	6.39	10.64	11.4	10.14	9.28	9.84	13.41	11.45	24.78	24.78	13.75	21.71

	2018Q4	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Capitalization, bln ₹	258.91	212.83				225.08			308.29			511.49				827.63						417.06	31.21
Revenue, bln ₹												80.66	80.31	90.56	99.33	101.14	100.42	104.07	113.02	111.35	114.53	108.68	2.66
Net profit, bln ₹												3.01	3.36	4.34	3.86	4.79	3.87	4.61	5.6	5.66	6.48	5.24	10.86
EV, bln ₹											652.01	539.04	710.24	650.48	947.21	961.66	1 209.56	1 146.64	1 587.69		1 394.83	1260.08	7.72
EBIT, bln ₹												10.2	11.17	10.64	11.7	12.57	11.73	12.59	13.97	14.66	15.39	13.67	5.58
EBITDA, bln ₹												10.2	11.17	12.9	14.07	15	14.41	15.06	16.56	17.3	18	16.27	4.55
OIBDA, bln ₹																	22.71	22.63	24.78	25.65	47.75	28.70	16.02
Book value, bln ₹												54.51	55.05	59.1	63.2	69.81	67.84	75.11	77.59	85.92	85.03	78.30	4.62
FCF, bln ₹		-1.6	-1.6	-1.6	-1.6						4.25	4.32	4.64	4.54	4.74	4.85						4.62	2.34
Operating Cash Flow, bln ₹										-15.6	4.25	4.32	4.64	4.54	4.74	4.85	-12.53		14.34		35.03	9.29	49.19
Operating profit, bln ₹												8.04	8.85	10.64	11.59	12.45	12.16	12.18	13.83	14.01	36.23	17.68	24.40
Operating expenses, bln ₹												20.89	21.11	23.8	25.05	26.05	15.37	17.25	18.43	30.19	8.58	17.96	-11.01
CAPEX, bln ₹					2.53		9.28	3.32		9.84	4.93		13.41		6.01		11.45		10.12		24.78	13.15	13.07

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Cash, bln ₹				0.4712	1.02	1.63	10.8	15.74	14.46	18.51	23.56	41.15	41.15	22.68	21.19
Short-Term Investments ₹				0.0414	0.6642	0.3853	-43.12	1.69	1.48	4.44	1.9	11.13	11.13	4.13	45.79
Long-Term Investments ₹	4.23	5.16	9.07	11.42	4.02	4.15								6.76	-4.26
Accounts Receivable ₹				12.19	51.47	68.33	74.73	75.9	11.77	12.56	155.59	168.1	168.1	84.78	17.24
Total Current Assets ₹				24.34	63.73	83.32	97.47	105.37	128.48	170.07	215.2	259.84	259.84	175.79	19.78
Net assets, bln ₹				23.38	29.82	35.83	41.49	42.4	46.98	55.05	46.32	61.53	61.53	50.46	7.73
Assets, bln ₹				61.28	132.14	166.96	192.8	219.93	270.72	352.33	422.2	479.37	479.37	348.91	16.86
Short-Term Debt ₹				8.1	45.67	43.89	61.76	57.14	81.18	127.48	128.73	139.24	139.24	106.75	19.50
Long-Term Debt ₹				5.01	23.61	49.09	52.21	62.8	77.09	90.64	131.33	146.85	146.85	101.74	18.52
Liabilities, bln ₹				39.03	103.55	132.81	156.77	177.78	220.19	293.23	347.09	384.95	384.95	284.65	16.71
Net debt, bln ₹				12.64	68.25	91.35	105.12	106.05	143.82	205.24	236.5	244.94	244.94	187.31	18.23
Debt, bln ₹				13.11	69.28	92.98	113.97	119.94	158.27	223.76	260.06	286.09	286.09	209.62	18.99
Interest Income ₹			0.0486	0.6569	2.79	6.57	8.63	8.89	8.7	14.09				9.38	16.48
Interest Expense, bln ₹				0.5859	3.21	6.36	6.66	7.18	8.83	13.68	19.28	20.93	20.93	13.98	23.86
Net interest income, bln ₹				-0.1026	3.86	8.05	10.17	-8.81	-9.4	-13.68	51.33		14.09	5.92	38.23
Goodwill ₹			0.0192	0.022	1.88	1.88	1.88	1.88	5.69	5.97				3.46	26.00
Amortization, bln ₹				3.17	3.74	4.42	5.56	5.65	7.43	8.59	9.75	10.46	10.46	8.38	13.11
Cost of production, bln ₹				89.98	113.67	140.3	123.72	129.76	163.17	208.43	244.65	267.24	267.24	202.65	15.55
Inventory ₹				11.62	10.56	12.92	11.88	13.67	16.42	19.22	22.48	24.17	24.17	19.19	12.07

	2019Q3	2020Q1	2020Q3	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Cash, bln ₹										21.71	-23.57	18.51	-20.64	27.92	-30.49	24.26	-25.44	35.57		41.15	9.01	-206.18
Short-Term Investments ₹										2.9	47.14	4.44	41.27	5	60.98	1.63	50.88	3.12		11.13	25.55	-28.84
Long-Term Investments ₹	3.72																				3.72	0.00
Accounts Receivable ₹					76.03	76.03	95.85	95.85		104.68		114.62		136.76		155.59		166.69		168.1	148.35	7.96
Total Current Assets ₹										156.03	23.57	170.07	20.64	209.75	30.49	215.2	25.44	242.56		259.84	154.71	53.50
Net assets, bln ₹			41.07	42.4		45.04		46.98		38.58		44.93		45.46		46.32		48.62		61.53	49.37	6.49
Assets, bln ₹					239.29	239.29	270.72	270.72		311.29		352.33		404.69		422.2		449.46		479.37	421.61	6.35
Short-Term Debt ₹					32.87	32.87	81.18	81.18		91.81		127.48		123.09		128.73		142.75		139.24	132.26	1.78
Long-Term Debt ₹			58.44	62.8		61.7		73.06		91.33		90.64		127.53		131.33		125.36		146.85	124.34	10.13
Liabilities, bln ₹						194.57	220.19	220.19		256.78		293.23		334.88		347.09		363.54	-85.92	384.95	268.91	2.83
Net debt, bln ₹										165.04	23.57	205.24	20.64	222.7	30.49	235.8	25.44	232.54		244.94	153.84	51.70
Debt, bln ₹			91.07	119.94		94.56		154.24		183.14		218.12		250.62		260.06		268.11		286.09	256.60	5.58
Interest Income ₹					2.21	2.21	2.29	2.67	3.02	3.54	3.5	4.03	4.48	4.94							4.10	6.89
Interest Expense, bln ₹											3.39	3.98	4.37	4.83	4.94	5.13	5.03	5.09	5.39	5.51	5.23	1.44
Net interest income, bln ₹						-2.23	-2.34	-2.63	-2.92	-3.38	-3.39	-3.98	-4.37	-4.83	-4.94						-4.3020	7.82
Goodwill ₹		1.88	1.88	1.88	2.47	2.47	5.69	5.69		5.98		5.97		5.97							5.86	0.97
Amortization, bln ₹											0.0000	0.0001	2.27	2.37	2.42	2.69	2.47	2.59	2.64	2.61	2.60	-0.60
Cost of production, bln ₹											51.71	50.98	56.88	63.09	62.63	72.9	74.63	80.76	67.14	69.72	73.03	-0.89
Inventory ₹					16.59	16.59	16.42	16.42		16.34		19.22		25.59		22.48		21.72		24.17	22.64	4.69

Share

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS	9.2	13.9	14.1	13.1	12.9	15.93	27.97	35.5	47.05	47.05	27.87	29.54
Share price	771.5	570	466	485.95	625	1085	2028	2368	3492.4	3492.4	1919.68	41.07
Number of shares, mln		475.31	475.11	475.13	475.53	475.09	475.09	475.09	475.15	475.15	475.19	-0.02
FCF/share		-15.88	-43.3	-13.48	4.7	-53.56	-120.94	-50.47	21.57	21.57	-39.7400	35.63

	2018Q4	2019Q4	2020Q4	2021Q4	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Average for 5 quarters	CAGR 5
EPS							6.33	7.07	9.14	8.13	10.08	8.15	9.7	11.8	11.91	13.64			11.04	10.85
Share price					696.69	952.08	1076.63	1051.1	1237.84	1394.23	1742.06					2429.2	2740.9	3492.4	2359.76	20.16
Number of shares, mln	475.31	475.11	475.13	475.53			475.09				475.09								475.19	-0.00
FCF/share	-4.82	-3.37					9.09	9.76	9.55	9.98	10.21								9.72	2.35

Efficiency

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %		23.07	24.37	22.23	19.03	15.53	18.4	24.14	24.86	26.29	26.29	13.66	21.84	11.10
ROA, %		8.34	4.94	4.22	3.24	2.7	3.08	3.77	3.99	4.66	4.66	6.86	3.64	11.53
ROIC, %	21.43	18.55	8.76	7.26	5.62	4.39	5.18	6.13	6.59		6.59	15.64	5.58	3.24
ROS, %		4.1	4.18	3.8	3.71	3.44	3.55	4.16	4.3	5.07	5.07	8.27	4.10	8.07
ROCE, %		28.64	41.85	50.09	43.23	36.78	15.16	56.59	61.03	59.29	59.29	21.55	45.77	10.02
EBIT margin					10.12	10.02	9.4	10.46	11.69	12.7	12.7	11.88	10.85	4.85
EBITDA margin		7.65	10.05	11.62	12.55	12.24	12.89	13.15	14.17	15.07	15.07	16.99	13.50	4.25
Net margin		4.1	4.18	3.8	3.71	3.44	3.55	4.16	4.3	5.07	5.07	8.27	4.10	8.07
Operational efficiency, %		4.75	3.35	1.55	-0.5715	-1.93	9.44	10.34	25.36	12.71	12.71	20.87	11.18	-245.79
FCF yield, %			-2.65	-9.54	-3.25	0.7854	-6.38	-8.92		0.6176	0.6176	1.38	-3.4294	-171.74

	2018Q4	2019Q1	2019Q4	2020Q1	2020Q3	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
ROE, %												5.52	6.11	7.35	6.85	8	5.7	6.14	7.22	6.59	7.62			13.66	6.65	5.98
ROA, %							-0.0441	1.01	0.9151	1.02	1.24		0.9539		1.91		0.9166		1.25		1.35			6.86	1.28	7.19
ROIC, %		1.51		0.8458	1.85	2.59		2.29		2.36	1.88		2.3				2.34				3.03			15.64	2.38	5.13
ROS, %														4.8	3.89	4.73	3.85	4.43	4.96	5.08	5.66	4.3	5.07	8.27	5.01	0.44
ROCE, %									15.51	15.42	20.18		18.89		6.46		15.61		16.25		16.3	61.5	59.29	21.55	33.79	30.59
EBIT margin															11.78	12.43	11.68	12.1	12.36	13.17	13.44	11.78	12.7	11.88	12.69	0.54
EBITDA margin														14.25	14.16	14.83	14.35	14.47	14.65	15.54	15.72	14.26	15.07	16.99	15.05	0.57
Net margin												3.73	4.18	4.8	3.89	4.73	3.85	4.43	4.96	5.08	5.66			8.27	4.80	8.01
Operational efficiency, %														11.75	11.67	12.31	12.11	11.71	12.24	12.58	31.63	25.36	12.71	20.87	18.90	0.76
FCF yield, %	-0.8857		-0.7524									0.8442				0.5858								1.38	-0.0520	-190.18

Coefficients

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E		43.61	30.6	31.58	47.84	39.4	38.01	63.95	74.23	74.23	100.75	52.69	9.18
P/BV		10.63	6.8	6.01	7.43	5.9	8.54	14.36	19.51	19.51	8.14	11.15	21.30
P/S		1.82	1.16	1.17	1.65	1.4	1.58	2.75	3.76	3.76	5.12	2.23	17.91
P/FCF		-37.69	-10.48	-30.79	127.32	-15.66	-11.21	-25.89	161.92	161.92	161.19	47.30	4.93
E/P		0.0229	0.0327	0.0317	0.0209	0.019	0.0206	0.0272	0.0135	0.0135	0.05	0.0202	-8.37
EV/EBIT				13.18	21.82	22.05	21.41	26.41	24.91	24.91	28.35	23.32	2.68
EV/EBITDA		22.47	14.26	14.21	18.37	16.09	17.03	21.78	20.99	20.99	25.61	18.85	2.70
EV/S		2.26	1.66	1.78	2.25	2.07	2.24	3.09	3.16	3.16	4.38	2.56	7.03
EV/FCF		-46.73	-14.92	-46.9	173.98	-17.37	-12.46	-50.5	136.09	136.09	155.80	45.95	-4.79
Debt/EBITDA	1.37	4.41	4.32	5.39	5.67	5.76	5.32	4.68	4.31	4.31	4.08	5.15	-5.34
Netdebt/Ebitda	1.32	4.35	4.24	4.97	5.01	5.23	4.88	4.25	3.69	3.69	3.57	4.61	-5.93
Debt/Ratio	0.2139	0.5243	0.5569	0.5911	0.5454	0.5846	0.6351	0.616	0.5968	0.5968	0.25	0.5956	1.82
Debt/Equity	0.5915	2.59	2.93	3.47	3.13	3.6	4.06	3.83	4.08	4.08	1.09	3.74	5.44
Debt/Net Income	2.56	10.62	13.19	18.25	20.18	20.91	16.84	15.42	12.8	12.8	12.37	17.23	-8.70
PEG									2.34	2.34	68.09	2.34	0.00
Beta							3.89	2.59	-0.2304	-0.2304	0.10	2.08	-138.98
Altman Index		4.49	3.38	2.74	2.93	3.12	3.41	3.04	5.45	5.45	10.74	3.59	13.22

	2018Q4	2019Q4	2020Q4	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
P/E								169.99	38.01	43.21	49.7	56.94	63.94	60.43	70.81	58.58	47.3			100.75	60.21	-5.85
P/BV					7.01	5.72	8.93	9.38	8.54		10.38	11.86	14.35		15.55		11.2			8.14	12.67	1.53
P/S								6.34	1.58	1.87	2.06	2.51	2.75	2.56	3.19	2.7	2.39			5.12	2.72	-2.77
P/FCF	-112.91	-132.91						118.45				170.7						-25.89	161.92	161.19	58.45	-204.03
E/P	0.0079	0.0071	0.0126		0.008			0.0059				0.0058						0.0272	0.0135	0.05	0.0121	11.03
EV/EBIT											80.98	76.48	103.14	91.06	113.69		90.64	26.21	24.91	28.35	69.30	-22.84
EV/EBITDA							18.1	14.09	17.05	50.41	19.49	18.05	83.91	76.15	95.88		77.48			25.61	70.29	33.83
EV/S										7.18	9.54	9.51	12.04	11.02	14.05		12.18	3.09	3.16	4.38	8.70	-22.11
EV/FCF										143.37	199.72	198.35						-50.5	136.09	155.80	125.41	-1.04
Debt/EBITDA				12.62		19.8	16.65		19.54		17.81		18.04		16.19		15.89	4.65	4.31	4.08	11.82	-24.90
Netdebt/Ebitda									18.38	1.6	15.83	2.03	16.36	1.69	14.04		13.61	4.23	3.69	3.57	7.45	16.90
Debt/Ratio				0.3952		0.5697	0.5883		0.6191		0.6193		0.616		0.5965		0.5968	0.616	0.5968	0.25	0.6044	-0.63
Debt/Equity				2.35		3.51	3.61		3.96		3.97		3.83		3.46		3.36	4.62	4.08	1.09	3.87	1.27
Debt/Net Income				39.05		55.59	47.41		64.9		64.87		67.2		47.84		44.14	15.42	12.8	12.37	37.48	-28.23
PEG																		2.41	2.34	68.09	2.38	-1.46
Beta																	0.6553	1.82	-0.2304	0.10	0.7483	-170.58
Altman Index																	3.05	3.05	5.45	10.74	3.85	21.35

Dividends

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Dividend payout, bln	2.09	1.43	1.89	2	2	0.9977	2.92	3.8	4.75		4.75		2.89	18.89
Dividend		3.25	3.4	1.4	3.5	3.5	8.75	8	10	10	10		8.05	23.36
Dividend yield, %		0.5794	0.568	0.3085	0.8432	0.5854	0.3682	0.4405	0.3595	0.7349	0.3595	0.53	0.4977	4.65
Dividends / profit, %		27.96	28.92	28.45	32.09	16.79	25.16	21.96	22.54	21.25	21.25	23.61	21.54	4.82
Dividend coverage ratio						3.12	2.59	3.5	3.55	4.71	4.71	136.47	3.49	8.59

	2016Q4	2017Q1	2017Q4	2018Q1	2018Q4	2019Q1	2020Q1	2020Q2	2020Q3	2021Q1	2021Q3	2022Q1	2022Q3	2023Q1	2024Q1	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
Dividend payout, bln							0.5012	0.5012	0.5012	0.9977	0.6651	1.9	0.5427	2.92	3.8	4.75				2.78	20.11
Dividend	1.25	1.25	2	1.3	2.1	1.4	3.5			3.5		3.75		5						3.43	28.99
Dividend yield, %	0.3323	0.3055	0.2778	0.1912	0.3855	0.2809	0.817			0.6079		0.5996		0.4757					0.53	0.5562	11.11
Dividends / profit, %							67.69	-27.94	27.85	32.18	27.46	68.62	14.05	86.82	98.21	73.3			23.61	68.20	1.33
Dividend coverage ratio															1.02	1.36	3.55	4.71	136.47	2.66	46.59

Other

IFRS

Reporting Annual Quarterly

	2021	2022	2023	2024	2025	LTM	CAGR 5
CAPEX/Revenue, %	5.37	4.62	4.19	2.92	5.62	5.62	0.91
Staff, people			5 459	5 459			0.00

	2024Q1	2024Q3	2025Q1	CAGR 5
CAPEX/Revenue, %	11.4	8.96	21.64	23.82

	CAGR 5

Investing Port

TVS Motor Company Limited

Reporting TVS Motor Company Limited

Capitalization

Balance sheet

Share

Efficiency

Coefficients

Dividends

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