New Risk • May 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹93.03 (vs ₹26.92 in FY 2025) Full year 2026 results: EPS: ₹93.03 (up from ₹26.92 in FY 2025). Revenue: ₹36.6b (up 12% from FY 2025). Net income: ₹712.3m (up 246% from FY 2025). Profit margin: 1.9% (up from 0.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • May 19
TVS Srichakra Limited to Report Q4, 2026 Results on May 27, 2026 TVS Srichakra Limited announced that they will report Q4, 2026 results on May 27, 2026 Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹14.56 (vs ₹7.79 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹14.56 (up from ₹7.79 loss in 3Q 2025). Revenue: ₹9.17b (up 14% from 3Q 2025). Net income: ₹111.5m (up ₹171.2m from 3Q 2025). Profit margin: 1.2% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Feb 05
TVS Srichakra Limited to Report Q3, 2026 Results on Feb 12, 2026 TVS Srichakra Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Annonce • Nov 28
TVS Srichakra Limited (BSE:509243) agreed to acquire 5.92% stake in Navia Two Power Private Limited for INR 0.06 million. TVS Srichakra Limited (BSE:509243) agreed to acquire 5.92% stake in Navia Two Power Private Limited for INR 0.06 million on November 27, 2025.
The expected closing date of transaction November 27, 2025. Annonce • Nov 24
Eurogrip Showcases Premium 2-Wheeler Tyres At Mexico & Colombo Motor Shows Eurogrip announced that it showcased its premium product portfolio of tyres at two major international platforms, Expo Moto International Trade Show, Mexico City and Colombo Motor Show in Sri Lanka. This participation signals Eurogrip's expanding presence in Latin American and South Asian markets. At the Expo Moto International Trade show, Mexico, Eurogrip showcased its comprehensive range of 2-wheeler tyres including leading patterns like Roadhound, Protorq Extreme, Trailhound STR, Trailhound SCR, Terrabite DB+ and Bee Connect giving customers, dealers, and global partners an enriched experience of Eurogrip's R&D and advanced tyre technology. At the Colombo Motor Show 2025 being held at Colombo, Eurogrip displayed its most-sought after radial tyre offering Protorq Extreme along with other world-class products like Terrabite DB+, Bee Connect, Bee Sport, Climber XC and Sportorq. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹14.52 (vs ₹13.47 in 2Q 2025) Second quarter 2026 results: EPS: ₹14.52 (up from ₹13.47 in 2Q 2025). Revenue: ₹9.29b (up 10% from 2Q 2025). Net income: ₹111.1m (up 7.8% from 2Q 2025). Profit margin: 1.2% (in line with 2Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • Nov 03
TVS Srichakra Limited to Report Q2, 2026 Results on Nov 11, 2025 TVS Srichakra Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Declared Dividend • Aug 20
Dividend reduced to ₹16.89 Dividend of ₹16.89 is 64% lower than last year. Ex-date: 12th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 19
TVS Srichakra Limited, Annual General Meeting, Sep 17, 2025 TVS Srichakra Limited, Annual General Meeting, Sep 17, 2025, at 10:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹16.82 (vs ₹8.73 in 1Q 2025) First quarter 2026 results: EPS: ₹16.82 (up from ₹8.73 in 1Q 2025). Revenue: ₹8.19b (up 3.6% from 1Q 2025). Net income: ₹128.8m (up 93% from 1Q 2025). Profit margin: 1.6% (up from 0.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Aug 04
TVS Srichakra Limited to Report Q1, 2026 Results on Aug 12, 2025 TVS Srichakra Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹26.92 (vs ₹141 in FY 2024) Full year 2025 results: EPS: ₹26.92 (down from ₹141 in FY 2024). Revenue: ₹32.6b (up 11% from FY 2024). Net income: ₹206.1m (down 81% from FY 2024). Profit margin: 0.6% (down from 3.7% in FY 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 20
TVS Srichakra Limited to Report Fiscal Year 2025 Results on May 27, 2025 TVS Srichakra Limited announced that they will report fiscal year 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,869, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 25x in the Auto Components industry in India. Total returns to shareholders of 76% over the past three years. Reported Earnings • Feb 13
Third quarter 2025 earnings released: ₹7.79 loss per share (vs ₹31.47 profit in 3Q 2024) Third quarter 2025 results: ₹7.79 loss per share (down from ₹31.47 profit in 3Q 2024). Revenue: ₹8.04b (up 12% from 3Q 2024). Net loss: ₹59.7m (down 125% from profit in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Annonce • Feb 05
TVS Srichakra Limited to Report Q3, 2025 Results on Feb 12, 2025 TVS Srichakra Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹13.47 (vs ₹51.09 in 2Q 2024) Second quarter 2025 results: EPS: ₹13.47 (down from ₹51.09 in 2Q 2024). Revenue: ₹8.44b (up 14% from 2Q 2024). Net income: ₹103.1m (down 74% from 2Q 2024). Profit margin: 1.2% (down from 5.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Annonce • Nov 05
TVS Srichakra Limited to Report Q2, 2025 Results on Nov 12, 2024 TVS Srichakra Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Declared Dividend • Aug 14
Dividend increased to ₹47.34 Dividend of ₹47.34 is 48% higher than last year. Ex-date: 30th August 2024 Payment date: 12th October 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Annonce • Aug 13
TVS Srichakra Limited, Annual General Meeting, Sep 12, 2024 TVS Srichakra Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹8.73 (vs ₹27.36 in 1Q 2024) First quarter 2025 results: EPS: ₹8.73 (down from ₹27.36 in 1Q 2024). Revenue: ₹7.91b (up 12% from 1Q 2024). Net income: ₹66.8m (down 68% from 1Q 2024). Profit margin: 0.8% (down from 3.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 01
TVS Srichakra Limited to Report Q1, 2025 Results on Aug 07, 2024 TVS Srichakra Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹4,343, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 118% over the past three years. Annonce • May 26
TVS Srichakra Limited Announces Cessation of Rasesh Rasiklal as Independent Director TVS Srichakra Limited announced that Mr. Rasesh Rasiklal has completed his second term as an Independent Director on May 23, 2024, and he will no longer remain a Director of the Company effective from May 24, 2024. Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹141 (vs ₹102 in FY 2023) Full year 2024 results: EPS: ₹141 (up from ₹102 in FY 2023). Revenue: ₹29.3b (down 1.9% from FY 2023). Net income: ₹1.08b (up 38% from FY 2023). Profit margin: 3.7% (up from 2.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 05
TVS Srichakra Limited to Report Q4, 2024 Results on May 11, 2024 TVS Srichakra Limited announced that they will report Q4, 2024 results on May 11, 2024 Annonce • Apr 05
TVS Srichakra Limited Approves the Director Appointments TVS Srichakra Limited approved the appointment of Mr. Ashok Srinivasan as Independent Director for a period of five (5) years effective from 13th February 2024. The company also approved the appointment of Mr. Piyush Jinendrakumar Munot as Independent Director for a period of five (5) years effective from 13 February 2024. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹31.47 (vs ₹25.55 in 3Q 2023) Third quarter 2024 results: EPS: ₹31.47 (up from ₹25.55 in 3Q 2023). Revenue: ₹7.20b (down 1.5% from 3Q 2023). Net income: ₹241.0m (up 23% from 3Q 2023). Profit margin: 3.3% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 06
TVS Srichakra Limited to Report Q3, 2024 Results on Feb 13, 2024 TVS Srichakra Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹51.09 (vs ₹49.90 in 2Q 2023) Second quarter 2024 results: EPS: ₹51.09 (up from ₹49.90 in 2Q 2023). Revenue: ₹7.40b (down 11% from 2Q 2023). Net income: ₹391.2m (up 2.4% from 2Q 2023). Profit margin: 5.3% (up from 4.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹4,679, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 236% over the past three years. Annonce • Nov 04
TVS Srichakra Limited to Report Q2, 2024 Results on Nov 09, 2023 TVS Srichakra Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Annonce • Oct 21
TVS Srichakra to Acquire Super Grip TVS Srichakra Limited (BSE:509243), makers of TVS Eurogrip, Eurogrip and TVS brand of tyres, has drawn up plans to acquire the US-based Super Grip Corporation LLC as part of its vision to grow in the global off-highway tyre market. On October 20, 2023, the company's board of directors approved the formation of a subsidiary in the United States market ahead of the acquisition plan. We view the proposed Super Grip transaction with excitement. The company fits in well with our plan to expand our off-highway tyre business globally, TVS Srichakra Ltd. Director S Ravichandran said in a company statement here. The proposed transaction also brings with it an experienced and motivated management team, which will add value to the business over time, he said. Annonce • Oct 18
TVS Srichakra Limited Approves Dividend for the Year Ended March 31, 2023 TVS Srichakra Limited announced at annual general meeting held on September 20, 2023, the shareholders approved dividend of INR 32.05 per share (320.50%) for the year ended March 31, 2023 on 7,657,050 equity shares of INR 10 each fully paid-up of the company, as recommended by the Board of Directors, be and is hereby declared for payment to the members of the Company whose names appear in the Register of Members as at the close of business hours on September 4, 2023. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Sargunaraj Ravichandran was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Aug 28
Upcoming dividend of ₹32.05 per share at 1.1% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹27.36 (vs ₹2.86 loss in 1Q 2023) First quarter 2024 results: EPS: ₹27.36 (up from ₹2.86 loss in 1Q 2023). Revenue: ₹7.05b (down 4.3% from 1Q 2023). Net income: ₹209.5m (up ₹231.4m from 1Q 2023). Profit margin: 3.0% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 04
TVS Srichakra Limited to Report Q1, 2024 Results on Aug 10, 2023 TVS Srichakra Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Annonce • Jun 23
TVS Srichakra Limited, Annual General Meeting, Sep 20, 2023 TVS Srichakra Limited, Annual General Meeting, Sep 20, 2023. Annonce • Jun 17
Tvs Eurogrip Tyres Makes A Mark At Latin Tyre & Auto Parts Expo in Panama TVS Eurogrip, participated in Latin Tyre & Auto Parts Expo in Panama that started on 14th June 2023 and displayed their products from OHT & 2W range. In the last few years, the company has made significant investments in capacity expansion and technology of off-highway tyres and are showcasing their capabilities in international forums as new products are being rolled out continuously. On display as part of the OHT product range were Tigertrac Agri Radial and Agri Bias tyres as well as new sizes in construction tyres. A set of new products from the premium two-wheeler tyre range including motorcycle tubeless tyres like Duratrail, Beamer were displayed alongside. Visitors also got to touch and feel E Torq - a tyre specifically designed for electric two-wheelers and Climber XC - an international product for off-roading. Annonce • May 24
TVS Srichakra Limited Recommends Dividend for the Financial Year 2022-23 TVS Srichakra Limited at its Board Meeting held on 23 May, 2023, recommended a dividend of INR 32.05 per share (320.50%) on the face value of INR 10/- per share) for the financial year 2022-23, subject to the approval of the shareholders, at the upcoming Annual General Meeting. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹102 (vs ₹56.77 in FY 2022) Full year 2023 results: EPS: ₹102 (up from ₹56.77 in FY 2022). Revenue: ₹29.9b (up 18% from FY 2022). Net income: ₹779.9m (up 79% from FY 2022). Profit margin: 2.6% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 17
TVS Srichakra Limited to Report Fiscal Year 2023 Results on May 23, 2023 TVS Srichakra Limited announced that they will report fiscal year 2023 results on May 23, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: ₹25.55 (vs ₹11.79 in 3Q 2022) Third quarter 2023 results: EPS: ₹25.55 (up from ₹11.79 in 3Q 2022). Revenue: ₹7.31b (up 8.1% from 3Q 2022). Net income: ₹195.7m (up 117% from 3Q 2022). Profit margin: 2.7% (up from 1.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annonce • Feb 03
TVS Srichakra Limited to Report Q3, 2023 Results on Feb 09, 2023 TVS Srichakra Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to ₹3,545, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 118% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹49.90 (vs ₹33.05 in 2Q 2022) Second quarter 2023 results: EPS: ₹49.90 (up from ₹33.05 in 2Q 2022). Revenue: ₹8.34b (up 21% from 2Q 2022). Net income: ₹382.2m (up 51% from 2Q 2022). Profit margin: 4.6% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Nov 12
TVS Srichakra Limited Announces the Launch of Two New Products TVS Srichakra Limited announced the launch of two new products. Eurogrip announced the international launch of two new world-class products: Roadhound, a sport touring tyre and Climber XC, an off-road specialty tyre at the 2022 EICMA Motor Show in Milan, Italy. The newly launched Roadhound, is a sport touring tyre with dual compound technology on radial rear sizes. It features excellent grip on both dry and wet surfaces, and improves handling and comfort on both naked, sport and touring motorcycles. Tyre profile, tread pattern and structure have been engineered to provide high mileage and performance consistency. The tyres will be available from early 2023 with a size range covering both radial and x-ply applications. Climber XC is a tyre for motocross, enduro and cross-country applications, designated for both leisure, training and competition. It has been developed and fine-tuned with expert inputs from motocross and enduro racing teams to provide excellent traction and lateral support on multiple surfaces. Extended tyre service life is ensured by a knobby layout and geometry boosting wear and tear resistance, coupled with symmetrical shape allowing for wheel reversibility. Apart from the new launches, around 25 globally available Eurogrip products are on prominent display at Hall 9- Stand 088. This includes recently launched products such as the BEE family of tyres for urban and countryside scooter mobility that include BEE Connect, BEE City, their zero-degree steel belted radial Protorq Extreme and the newly launched E-Torq for electric scooters, among others. Eurogrip tyres are created with tyre technology that seamlessly blends superior mileage, high performance and durability. All Eurogrip products are researched, designed and developed jointly by the company's Italian and Indian R&D and product development teams, and have been thoroughly tested by independent professional riders across the globe. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: ₹49.90 (vs ₹33.05 in 2Q 2022) Second quarter 2023 results: EPS: ₹49.90 (up from ₹33.05 in 2Q 2022). Revenue: ₹8.35b (up 22% from 2Q 2022). Net income: ₹382.2m (up 51% from 2Q 2022). Profit margin: 4.6% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Annonce • Nov 02
TVS Srichakra Limited to Report Q2, 2023 Results on Nov 10, 2022 TVS Srichakra Limited announced that they will report Q2, 2023 results on Nov 10, 2022 Annonce • Oct 21
TVS Srichakra Limited Announces Executive Changes TVS Srichakra Limited announced that at its board meeting held on October 20, 2022, shareholders approved the appointment of Mr. Chinmoy Patnaik as Company Secretary (Key Managerial Personnel) and Compliance Officer of the company. Mr. Chinmoy Patnaik is a Law Graduate and is a member of the Institute of Company Secretaries of India. He is having more than 20 years of work experience in the corporate sector. He has worked, predominantly, in the areas of statutory compliance management, company secretarial, legal and Corporate Governance. Consequent to the above appointment, Mr. K Narayanan, who served as the Compliance Officer of the company during the interim period, ceased to be Compliance Officer effective from that is 20th October 2022. (26th July 2022 to 20th October 2022). Annonce • Sep 22
TVS Srichakra Limited Declares Dividend for the Financial Year Ended March 31, 2022 TVS Srichakra Limited Declaration of dividend on Equity Shares at the rate of INR 16.30 per share (163%) of INR 10 each for the financial year ended March 31, 2022. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹2,518, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Aug 26
Upcoming dividend of ₹16.30 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.6%). Annonce • Aug 19
TVS Srichakra Limited, Annual General Meeting, Sep 21, 2022 TVS Srichakra Limited, Annual General Meeting, Sep 21, 2022, at 10:00 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹2.86 loss per share (vs ₹1.45 profit in 1Q 2022) First quarter 2023 results: ₹2.86 loss per share (down from ₹1.45 profit in 1Q 2022). Revenue: ₹7.39b (up 49% from 1Q 2022). Net loss: ₹21.9m (down 297% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to ₹2,268, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 57% over the past three years. Annonce • Jul 28
TVS Srichakra Limited to Report Q1, 2023 Results on Aug 10, 2022 TVS Srichakra Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Annonce • Jul 27
TVS Srichakra Limited Appoints K Narayanan as Compliance Officer TVS Srichakra Limited announced that the Board of Directors at their meeting held on 22nd July, 2022 appointed and nominated Mr. K Narayanan as Compliance Officer of the Company, with effect from 26th July, 2022. Mr. K Narayanan is a Commerce Graduate and is a qualified company secretary and an Associate Member of Institute of Company Secretaries of India (ICSI). He is having experience of over 25 years in the field of Secretarial and Compliances. Annonce • Jul 26
TVS Srichakra Limited Announces Resignation of V R Venkatakrishnan as Company Secretary and Compliance Officer TVS Srichakra Limited announced that Mr. V R Venkatakrishnan, Company Secretary and Compliance Officer of the Company has tendered his resignation from the services of the Company and will accordingly, cease to be the Company Secretary and Compliance Officer and Key Managerial Personnel of the Company with effect from the close of office hours of 25th July, 2022. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹56.76 (vs ₹96.54 in FY 2021) Full year 2022 results: EPS: ₹56.76 (down from ₹96.54 in FY 2021). Revenue: ₹25.3b (up 30% from FY 2021). Net income: ₹434.7m (down 41% from FY 2021). Profit margin: 1.7% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Annonce • May 26
TVS Srichakra Limited Recommends Dividend for the Financial Year 2021-22 TVS Srichakra Limited at the Board of Directors meeting held on 25 May, 2022, recommended a dividend of INR 16.30 per share (163% on the face value of INR 10 per share) for the financial year 2021-22, subject to the approval of the shareholders, at the ensuing Annual General Meeting. Further, informed that the said dividend, if declared by the Members, will be paid within 30 days from the date of declaration, at the ensuing Annual General Meeting. Annonce • May 14
TVS Srichakra Limited to Report Fiscal Year 2022 Results on May 25, 2022 TVS Srichakra Limited announced that they will report fiscal year 2022 results on May 25, 2022 Annonce • Apr 28
TVS Srichakra Limited Announces Re-Designation and Appointment of Mr. Venkatakrishnan as Company Secretary and Compliance Officer TVS Srichakra Limited announced that Mr. Venkatakrishnan has been re-designated and appointed as Company Secretary and Compliance Officer of the Company. Date of appointment & term of appointment: Appointed at the Board meeting held on Tuesday, 26th April 2022 as Company Secretary and Compliance Officer of the Company with effect from 1st March, 2022. Price Target Changed • Apr 27
Price target decreased to ₹1,200 Down from ₹1,780, the current price target is provided by 1 analyst. New target price is 29% below last closing price of ₹1,690. Stock is down 6.4% over the past year. The company posted earnings per share of ₹96.54 last year. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹11.79 (down from ₹47.36 in 3Q 2021). Revenue: ₹6.77b (up 18% from 3Q 2021). Net income: ₹90.3m (down 75% from 3Q 2021). Profit margin: 1.3% (down from 6.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Annonce • Feb 03
TVS Srichakra Limited to Report Q3, 2022 Results on Feb 12, 2022 TVS Srichakra Limited announced that they will report Q3, 2022 results on Feb 12, 2022 Annonce • Jan 30
TVS Srichakra Limited Announces Resignation of Dr. V. Anantha Nageswaran as Independent Director TVS Srichakra Limited informed that Dr. V. Anantha Nageswaran, Independent Director, vide letter dated January 25, 2022, has tendered his resignation from the Board of the Company, due to unavoidable personal situations and there are no other material reasons for resignation other than the one mentioned in the resignation letter. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹33.05 (vs ₹52.04 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹6.88b (up 24% from 2Q 2021). Net income: ₹253.1m (down 37% from 2Q 2021). Profit margin: 3.7% (down from 7.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹2,540, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 13% over the past three years. Executive Departure • Sep 21
Company Secretary & Compliance Officer P. Srinivasan has left the company On the 15th of September, P. Srinivasan's tenure as Company Secretary & Compliance Officer ended. We don't have any record of a personal shareholding under Srinivasan's name. Srinivasan is the only executive to leave the company over the last 12 months. Upcoming Dividend • Aug 18
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 09 October 2021. Trailing yield: 1.4%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹1.45 (vs ₹48.62 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹4.98b (up 134% from 1Q 2021). Net income: ₹11.1m (up ₹383.4m from 1Q 2021). Profit margin: 0.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • May 27
Full year 2021 earnings released: EPS ₹96.54 (vs ₹108 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹19.4b (down 7.8% from FY 2020). Net income: ₹739.2m (down 10% from FY 2020). Profit margin: 3.8% (down from 3.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annonce • May 26
TVS Srichakra Limited Recommends Dividend for the Financial Year 2021 TVS Srichakra Limited recommended a dividend of INR 30 per share (300% on the face value of INR 10 per share) for the financial year 2021, subject To Approve the shareholders, at the upcoming AGM. Is New 90 Day High Low • Mar 12
New 90-day low: ₹1,797 The company is down 13% from its price of ₹2,075 on 11 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 21% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹47.36 (vs ₹16.69 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹5.73b (up 12% from 3Q 2020). Net income: ₹362.7m (up 184% from 3Q 2020). Profit margin: 6.3% (up from 2.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: ₹2,154 The company is up 51% from its price of ₹1,427 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. Annonce • Feb 01
TVS Srichakra Limited to Report Q3, 2021 Results on Feb 11, 2021 TVS Srichakra Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 27% share price gain to ₹2,075, the stock is trading at a trailing P/E ratio of 40.1x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 33x in the Auto Components industry in India. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Dec 02
New 90-day high: ₹1,590 The company is up 5.0% from its price of ₹1,513 on 03 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS ₹52.04 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹5.53b (down 1.0% from 2Q 2020). Net income: ₹398.5m (up 103% from 2Q 2020). Profit margin: 7.2% (up from 3.5% in 2Q 2020). The increase in margin was driven by lower expenses. Annonce • Nov 01
TVS Srichakra Limited to Report Q2, 2021 Results on Nov 12, 2020 TVS Srichakra Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: ₹1,343 The company is down 7.0% from its price of ₹1,440 on 26 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 8.0% over the same period. Annonce • Sep 17
TVS Srichakra Limited Announces Board Appointments TVS Srichakra Limited announced that at the Annual General Meeting of the Company held on September 16, 2020, Mr. S Ravichandran and Mr. P Srinivasavaradhan have been appointed as Non Executive - Non Independent Directors of the Company, whose period of office is liable to determination by retirement by rotation. Annonce • Sep 13
TVS Srichakra Limited to Report Q1, 2021 Results on Aug 13, 2020 TVS Srichakra Limited announced that they will report Q1, 2021 results on Aug 13, 2020 Annonce • Jun 20
TVS Srichakra Limited to Report Fiscal Year 2020 Results on Jun 26, 2020 TVS Srichakra Limited announced that they will report fiscal year 2020 results on Jun 26, 2020 
