TVS Motor
Market Cap
₹179.1b
Last Updated
2019/08/17 12:43 UTC
Data Sources
Company Financials +
Executive Summary
TVS Motor Company Limited, together with its subsidiaries, manufactures and sells automotive vehicles and components, spare parts, and accessories in India.
Snowflake
Fundamentals
Average dividend payer with limited growth.
Risks
- TVS Motor has significant price volatility in the past 3 months.
Share Price & News
How has TVS Motor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.0%
BSE:532343
-1.5%
IN Auto
-0.7%
IN Market
1 Year Return
-26.9%
BSE:532343
-32.9%
IN Auto
-12.1%
IN Market
532343 outperformed the Auto industry which returned -33% over the past year.
532343 underperformed the Market in India which returned -12.1% over the past year.
Share holder returns
| 532343 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -1.5% | -0.7% |
| 30 Day | -9.0% | -3.5% | -4.6% |
| 90 Day | -19.8% | -13.4% | -4.3% |
| 1 Year | -26.4%-26.9% | -31.9%-32.9% | -10.3%-12.1% |
| 3 Year | 23.1%21.0% | -19.9%-22.5% | 18.9%12.8% |
| 5 Year | 120.6%113.3% | 6.1%1.0% | 37.6%24.7% |
Price Volatility Vs. Market
How volatile is TVS Motor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Should We Expect From TVS Motor Company Limited's (BOM:532343) Earnings In The Next Couple Of Years?1 year ago | Simply Wall St
May Top Growth Stocks To Buy1 year ago | Simply Wall St
May Top Growth Stocks To BuyValuation
Is TVS Motor undervalued based on future cash flows and its price relative to the stock market?
25.75x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
TVS Motor's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
TVS Motor's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
TVS Motor is overvalued based on earnings compared to the IN Auto industry average.
TVS Motor is overvalued based on earnings compared to the India market.
Price Based on Expected Growth
TVS Motor is poor value based on expected growth next year.
Price Based on Value of Assets
TVS Motor is overvalued based on assets compared to the IN Auto industry average.
Next Steps
Future Growth
How is TVS Motor expected to perform in the next 1 to 3 years based on estimates from 32 analysts?
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
TVS Motor's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
TVS Motor's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
TVS Motor's revenue growth is positive but not above the India market average.
TVS Motor's earnings growth is positive but not above the India market average.
TVS Motor's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
TVS Motor is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has TVS Motor performed over the past 5 years?
16.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
TVS Motor's year on year earnings growth rate has been positive over the past 5 years.
TVS Motor's 1-year earnings growth is less than its 5-year average (4.6% vs 16.5%)
TVS Motor's earnings growth has exceeded the IN Auto industry average in the past year (4.6% vs 4%).
Return on Equity
Whilst TVS Motor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Return on Assets
TVS Motor used its assets less efficiently than the IN Auto industry average last year based on Return on Assets.
Return on Capital Employed
TVS Motor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is TVS Motor's financial position?
Financial Position Analysis
TVS Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
TVS Motor's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
TVS Motor's level of debt (272.2%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (68.7% vs 272.2% today).
Operating cash flow is negative therefore debt is not well covered.
Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.9x debt.
Next Steps
Dividend
What is TVS Motor's current dividend yield, its reliability and sustainability?
1.16%
Expected Dividend Yield
Dividend Yield and Payments Analysis
TVS Motor's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
TVS Motor's dividend is below the markets top 25% of dividend payers in India (2.52%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
Next Steps
Management
What is the CEO of TVS Motor's salary, the management and board of directors tenure and is there insider trading?
4.9yrs
Average management tenure
CEO
K. Radhakrishnan (56yo)
₹83,008,000
Compensation
Mr. K. N. Radhakrishnan, M. Tech. has been the President of TVS Motor Company Limited since April 1, 2006 and serves as its Chief Executive Officer. Mr. Radhakrishnan serves as Additional Whole-Time Direct ...
CEO Compensation Analysis
K.'s remuneration is higher than average for companies of similar size in India.
K.'s compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Management Age and Tenure
4.9yrs
Average Tenure
60.5yo
Average Age
The tenure for the TVS Motor management team is about average.
Board Age and Tenure
10.4yrs
Average Tenure
67.5yo
Average Age
The average tenure for the TVS Motor board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
K. Srinivasan
Compliance Officer & Company Secretary
- Tenure: 10.6yrs
- Compensation: ₹3.73m
Puthenvittil Mathew (69yo)
Executive Vice President
- Compensation: ₹650.88k
V. Venu (30yo)
Joint MD & Whole Time Director
- Tenure: 4.9yrs
- Compensation: ₹174.20m
Varghese Thomas
Vice President of Corporate Communications
Venu Srinivasan (67yo)
Chairman & MD
- Compensation: ₹237.72m
K. Desikan (55yo)
Chief Financial Officer
- Tenure: 1.8yrs
- Compensation: ₹16.76m
M. Varadarajan (60yo)
Senior Vice President
- Compensation: ₹3.79m
K. Radhakrishnan (56yo)
President
- Compensation: ₹83.01m
Arvind Pangaonkar (74yo)
Head of Racing Team
- Compensation: ₹2.80m
Subramaniam Devarajan (61yo)
Senior Vice President of Production Engineering
Board Members
Lakshmi Venu (36yo)
Non-Executive & Non-Independent Director
- Tenure: 4.9yrs
- Compensation: ₹100.00k
Hemant Singh (69yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: ₹2.12m
Harihara Lakshmanan (86yo)
Non-Executive & Non-Independent Director
- Tenure: 19.3yrs
- Compensation: ₹260.00k
Prince Asirvatham (70yo)
Independent Non-Executive Director
- Tenure: 10.3yrs
- Compensation: ₹2.68m
V. Venu (30yo)
Joint MD & Whole Time Director
- Tenure: 6.5yrs
- Compensation: ₹174.20m
Venu Srinivasan (67yo)
Chairman & MD
- Tenure: 17.1yrs
- Compensation: ₹237.72m
Chittranjan Dua (68yo)
Independent Non-Executive Director
- Tenure: 17.7yrs
- Compensation: ₹2.76m
K. Radhakrishnan (56yo)
President
- Tenure: 0.8yrs
- Compensation: ₹83.01m
T. Kannan (66yo)
Independent Non-Executive Director
- Tenure: 19.6yrs
- Compensation: ₹2.72m
R. Ramakrishnan (73yo)
Independent Non-Executive Director
- Tenure: 10.4yrs
- Compensation: ₹2.80m
Company Information
TVS Motor Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TVS Motor Company Limited
- Ticker: 532343
- Exchange: BSE
- Founded: 1992
- Industry: motorcycle manufacturers
- Sector: automobiles
- Market Cap: ₹179.132b
- Shares outstanding: 475.09m
- Website: Click here
Location
- TVS Motor Company Limited
- Chaitanya
- No. 12, Khader Nawaz Khan Road
- Chennai
- Tamil Nadu
- 600034
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532343 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 2000 |
| TVSMOTOR | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 2000 |
Biography
TVS Motor Company Limited, together with its subsidiaries, manufactures and sells automotive vehicles and components, spare parts, and accessories in India. It operates through Automotive Vehicles and Part ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/17 12:43 |
| End of Day Share Price | 2019/08/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.