TVS Motor Future Growth

Future criteria checks 4/6

TVS Motor is forecast to grow earnings and revenue by 20.3% and 8.8% per annum respectively. EPS is expected to grow by 20.2% per annum. Return on equity is forecast to be 31% in 3 years.

Key information

20.3%

Earnings growth rate

20.2%

EPS growth rate

Auto earnings growth	12.4%
Revenue growth rate	8.8%
Future return on equity	31.0%
Analyst coverage	Good
Last updated	02 May 2024

Recent future growth updates

Recent updates

TVS Motor Company Limited's (NSE:TVSMOTOR) Popularity With Investors Is Clear

Apr 15

Shareholders Are Optimistic That TVS Motor (NSE:TVSMOTOR) Will Multiply In Value

Mar 06

If You Like EPS Growth Then Check Out TVS Motor (NSE:TVSMOTOR) Before It's Too Late

Aug 12

TVS Motor (NSE:TVSMOTOR) Will Want To Turn Around Its Return Trends

Jul 25

Is It Too Late To Consider Buying TVS Motor Company Limited (NSE:TVSMOTOR)?

Jul 07

We Think TVS Motor (NSE:TVSMOTOR) Is Taking Some Risk With Its Debt

Jun 19

Be Wary Of TVS Motor (NSE:TVSMOTOR) And Its Returns On Capital

Apr 14

Why TVS Motor Company Limited (NSE:TVSMOTOR) Could Be Worth Watching

Mar 24

Should You Or Shouldn't You: A Dividend Analysis on TVS Motor Company Limited (NSE:TVSMOTOR)

Mar 09

Earnings and Revenue Growth Forecasts

NSEI:TVSMOTOR - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	483,550	47,632	41,395	N/A	3
3/31/2026	414,717	32,388	30,293	N/A	33
3/31/2025	364,458	26,510	24,649	N/A	34
3/31/2024	315,378	21,044	18,892	N/A	35
12/31/2023	372,850	16,355	N/A	N/A	N/A
9/30/2023	352,343	14,576	-51,459	-36,962	N/A
6/30/2023	338,411	14,576	N/A	N/A	N/A
3/31/2023	320,468	13,287	-57,456	-44,048	N/A
12/31/2022	305,400	12,700	N/A	N/A	N/A
9/30/2022	290,712	12,169	-43,077	-31,623	N/A
6/30/2022	269,939	10,727	N/A	N/A	N/A
3/31/2022	243,675	7,568	-25,450	-15,752	N/A
12/31/2021	239,159	7,894	N/A	N/A	N/A
9/30/2021	234,212	8,253	-11,086	-3,201	N/A
6/30/2021	221,996	7,631	N/A	N/A	N/A
3/31/2021	194,539	5,943	2,233	11,513	N/A
12/31/2020	174,323	3,583	N/A	N/A	N/A
9/30/2020	161,000	2,252	4,825	15,180	N/A
6/30/2020	157,973	2,989	N/A	N/A	N/A
3/31/2020	188,772	6,246	-6,477	3,734	N/A
12/31/2019	197,056	6,890	N/A	N/A	N/A
9/30/2019	200,622	7,423	-16,464	-5,688	N/A
6/30/2019	205,689	6,959	N/A	N/A	N/A
3/31/2019	201,663	7,047	-20,574	-9,179	N/A
3/31/2018	164,211	6,524	-7,516	3,544	N/A
3/31/2017	125,937	5,112	N/A	6,894	N/A
3/31/2016	113,771	4,292	N/A	9,363	N/A
3/31/2015	102,558	3,283	N/A	828	N/A
3/31/2014	83,836	1,863	N/A	4,703	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TVSMOTOR's forecast earnings growth (20.3% per year) is above the savings rate (6.7%).

Earnings vs Market: TVSMOTOR's earnings (20.3% per year) are forecast to grow faster than the Indian market (17.5% per year).

High Growth Earnings: TVSMOTOR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TVSMOTOR's revenue (8.8% per year) is forecast to grow slower than the Indian market (9.9% per year).

High Growth Revenue: TVSMOTOR's revenue (8.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TVSMOTOR's Return on Equity is forecast to be high in 3 years time (31%)

TVS Motor Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 7.5% to ₹1,986

Price target increased to ₹1,116

Price target increased to ₹1,050

Price target increased to ₹565

Recent updates

TVS Motor Company Showcases TVS iQube Electric Scooter at the Makina Motoshow in Philippines

TVS Motor Company Limited's (NSE:TVSMOTOR) Popularity With Investors Is Clear

TVS Motor Company Limited Announces Launch of TVS RONIN for its Customers in Colombia

Adarsh Kumar, Saumitra Singh and Sameer Singh acquired 23.5% stake in TagBox Solutions Private Limited from TVS Motor Company Limited (BSE:532343) for INR 0.11 million.

TVS Motor Company Limited Announces Resignation of Kuok Meng Xiong as an Independent Director

New major risk - Dividend sustainability

Tvs Motor Company Limited Declares Interim Dividend for the Financial Year Ending 31 March 2024

Shareholders Are Optimistic That TVS Motor (NSE:TVSMOTOR) Will Multiply In Value

TVS Motor Company Limited Announces Resignation of R Gopalan as Independent Director and Cessation as Chairman/ Member of Audit Committee, Corporate Social Responsibility Committee and Administrative Committee

We Think TVS Motor (NSE:TVSMOTOR) Is Taking Some Risk With Its Debt

Price target increased by 7.5% to ₹1,986

Third quarter 2024 earnings released: EPS: ₹10.08 (vs ₹6.33 in 3Q 2023)

TVS Motor Company Limited to Report Q3, 2024 Results on Jan 24, 2024

TVS Motor Company Launches TVS Neo Ami in Africa

The Returns At TVS Motor (NSE:TVSMOTOR) Aren't Growing

Tvs Motor Appoints Kamlesh Kumar Sharma as Global Head of Communications

Second quarter 2024 earnings released: EPS: ₹8.13 (vs ₹8.13 in 2Q 2023)

Tvs Motor Company Limited Informs That Lalita Dileep Gupte Ceased as an Independent Director and Consequently Ceased as Member of Various Committees

TVS Motor Company Launches TVS Jupiter 125 with SmartXonnectTM Technology

TVS Motor (NSE:TVSMOTOR) Takes On Some Risk With Its Use Of Debt

TVS Motor Company Limited Approves the Appointment of Deepali Pant Joshi as an Additional Director and Non-Executive Independent Director

TVS Motor Company Unveils the Latest Addition and New to its Iconic Apache Line-Up

TVS Motor Company Limited Launches its Revolutionary Premium Electric Crossover, TVS X

Here's What TVS Motor's (NSE:TVSMOTOR) Strong Returns On Capital Mean

TVS Motor Company Limited Launches 'Modern-Retro' Motor Company - Tvs Ronin, in Indonesia

Here's Why TVS Motor (NSE:TVSMOTOR) Has A Meaningful Debt Burden

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

TVS Motor Company Limited to Report Q3, 2024 Results on Feb 14, 2024

TVS Motor Company Limited Unveils its Special Initiative for Pricing on the TVS iQube Scooters

TVS Motor (NSE:TVSMOTOR) Knows How To Allocate Capital

TVS Motor Company Limited, Annual General Meeting, Jul 24, 2023

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Is TVS Motor (NSE:TVSMOTOR) A Risky Investment?

Be Wary Of TVS Motor (NSE:TVSMOTOR) And Its Returns On Capital

TVS Motor Company Limited Approves Interim Dividend for the Financial Year Ending March 31, 2023, Payable on or after February 9, 2023

Third quarter 2023 earnings released: EPS: ₹6.33 (vs ₹5.21 in 3Q 2022)

TVS Motor Company Limited to Report Q3, 2023 Results on Jan 24, 2023

TVS Motor Company Limited Launches New TVS Metro Plus 110 in Bangladesh

Here's Why TVS Motor (NSE:TVSMOTOR) Has A Meaningful Debt Burden

Is Now The Time To Put TVS Motor (NSE:TVSMOTOR) On Your Watchlist?

TVS Motor Company Launches 2023 TVS Apache RTR 160 4V Special Edition in a New Exciting Colour with an All New Lightweight Bullpup Exhaust

Price target increased to ₹1,116

We Think That There Are Issues Underlying TVS Motor's (NSE:TVSMOTOR) Earnings

Price target increased to ₹1,050

Second quarter 2023 earnings released: EPS: ₹8.13 (vs ₹5.10 in 2Q 2022)

TVS Motor Company Unveils the TVS Raider with SmartXonnect Technology for the GenZ

TVS Motor Company Limited to Report Q2, 2023 Results on Nov 04, 2022

TVS Motor Company Limited (BSE:532343) acquired 48.27% stake in Nkars Mobility Millennial Solutions Private Limited.

TVS Motor Company Announces the Launch of the New TVS Jupiter Classic

TVS Motor Company Limited Announces the Launch of TVS Apache 160 2V with ABS (Anti-Lock Braking System) in Bangladesh

Here's Why TVS Motor (NSE:TVSMOTOR) Has A Meaningful Debt Burden

TVS Motor Company Launches Tech-Loaded, Powerful TVS NTORQ 125 Race XP in Nepal

TVS Motor Company Limited Launches TVS Apache RTR 180 and TVS Apache RTR 160 Motorcycles

TVS Motor Company Limited (BSE:532343) agreed to acquire 48.27% stake in Nkars Mobility Millennial Solutions Private Limited for INR 850 million.

Should You Be Adding TVS Motor (NSE:TVSMOTOR) To Your Watchlist Today?

First quarter 2023 earnings released: EPS: ₹6.43 (vs ₹0.22 loss in 1Q 2022)

TVS Motor Company Limited to Report Q1, 2023 Results on Jul 28, 2022

Capital Allocation Trends At TVS Motor (NSE:TVSMOTOR) Aren't Ideal

Tvs Motor Company Launches the All-New Tvs Ronin

TPG Capital and KKR Reportedly in Talks with TVS Motor to Invest At Least $300 Million to Fund the Expansion of Its Electric Vehicle Business

TVS Motor Company Limited Announces Retirement of H Lakshmanan as Director

Is TVS Motor (NSE:TVSMOTOR) Using Too Much Debt?

TVS Motor Reportedly in Advanced Talks to Raise Funds from Private Equity Firms

TVS Motor Reportedly in Advanced Talks to Raise INR 40,000 Million-50,000 Million from Private Equity Firms

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Does TVS Motor (NSE:TVSMOTOR) Deserve A Spot On Your Watchlist?

TVS Motor Company Limited Launches the New TVS iQube Electric Scooter with a Host of Features

TVS Motor Names Sudarshan Venu as New Managing Director

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TVS Motor Company Limited, Annual General Meeting, Jun 27, 2022

TVS Motor Company Limited to Report Fiscal Year 2022 Results on May 05, 2022