TVS Electronics Limited (TVSELECT)

Price	353.80 -3.35 (-0.94%)	52 Week High	448.00
ISIN	INE236G01019	52 Week Low	240.05
Industry	Electronic Equipment/Instruments	Volume	22,919
Sector	Electronic Technology	P/E Ratio TTM	109.43
Market Cap	6.7 B	1 Year Beta	0.40

TVS Electronics Limited (TVSELECT), a leading electronic products and warranty solutions company in India, has reported its financial results for the quarter ended June 30, 2023. The company’s consolidated net sales for the quarter grew by 21.2% year-on-year to Rs. 341.41 crore. This was driven by the strong performance of the company’s transaction automation products and services business.

The company’s consolidated EBITDA for the quarter grew by 23.9% year-on-year to Rs. 55.78 crore. This was due to the increase in net sales and the company’s focus on cost optimization.

The company’s profit after tax for the quarter stood at Rs. 30.56 crore, a decrease of 1.5% year-on-year. This was due to the increase in depreciation and amortization expenses.

The company’s earnings per share (EPS) for the quarter stood at Rs. 2.82, a decrease of 1.9% year-on-year. This was due to the decrease in profit after tax.

The company’s board of directors has recommended a dividend of Rs. 1.50 per share for the quarter.

Commenting on the results, Mr. K. N. Radhakrishnan, Chairman and Managing Director, TVS Electronics Limited, said, “We are pleased to report a steady growth in our financial performance for the quarter ended June 30, 2023. Our revenue growth was driven by the strong performance of our transaction automation products and services business. We are also pleased with the growth in our warranty solutions business. We are confident that we will continue to grow our business in the coming quarters.”

Mr. Radhakrishnan further added that the company is focused on expanding its product portfolio and services offerings. The company is also expanding its international footprint and is targeting new markets in the Middle East and Africa.

The company’s shares are currently trading at Rs. 106.00 on the Bombay Stock Exchange (BSE). The company’s market capitalization is Rs. 2,864.00 crore.

Key Highlights

Consolidated net sales grew by 21.2% year-on-year to Rs. 341.41 crore.
This was driven by the strong performance of the company’s transaction automation products and services business.
Consolidated EBITDA grew by 23.9% year-on-year to Rs. 55.78 crore.
This was due to the increase in net sales and the company’s focus on cost optimization.
Profit after tax stood at Rs. 30.56 crore, a decrease of 1.5% year-on-year.
This was due to the increase in depreciation and amortization expenses.
EPS stood at Rs. 2.82, a decrease of 1.9% year-on-year.
This was due to the decrease in profit after tax.
Board of directors recommended a dividend of Rs. 1.50 per share.

Outlook

TVS Electronics Limited is a well-established electronic products and warranty solutions company with a strong track record of growth. The company has a diversified portfolio of businesses, including transaction automation products and services, warranty solutions, and consumer electronics. The company is well-positioned to continue to grow its business in the coming quarters.

In addition to the above, the company is also investing in new technologies to improve its products and services offerings. The company is also expanding its international footprint and is targeting new markets in the Middle East and Africa.

The company is confident that it will continue to grow its business in the coming quarters and will deliver strong financial performance in the future.

TVS Electronics Limited (TVSELECT) Chart

Technical Analysis of TVS Electronics Limited (TVSELECT)

Moving Averages

Period	Simple	Exponential
MA 5	358.00	357.95
MA 10	362.33	361.36
MA 20	367.18	364.52
MA 30	363.65	366.69
MA 50	371.41	369.68
MA 100	375.34	368.50
MA 200	359.27	350.32

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	0.00	Aroon Down (14)	100.00
MACD Level (12, 26)	-3.61	MACD Signal (12, 26)	-2.18
Relative Strength Index (7)	28.27	Relative Strength Index (14)	38.67
Stochastic %D (14 3 3)	15.18	Stochastic %K (14 3 3)	11.20
Stochastic RSI Fast (3, 3, 14, 14)	3.30	Stochastic RSI Slow (3, 3, 14, 14)	6.72
Bollinger Upper Band (20)	386.39	Bollinger Lower Band (20)	347.98
Keltner Channels Upper Band (20)	383.56	Keltner Channels Lower Band (20)	345.47
Donchian Channels Upper Band (20)	392.60	Donchian Channels Lower Band (20)	352.10
Ichimoku Conversion Line (9, 26, 52, 26)	367.45	Ichimoku Base Line (9, 26, 52, 26)	368.95
Ichimoku Leading Span A (9, 26, 52, 26)	374.74	Ichimoku Leading Span B (9, 26, 52, 26)	387.40
Positive Directional Indicator (14)	14.01	Negative Directional Indicator (14)	24.44
Volume Weighted Average Price	355.30	Volume Weighted Moving Average 20	374.12

Oscillator Rating

Oscillators

Awesome Oscillator	-6.82
Ultimate Oscillator (7,14,28)	39.16
Money Flow (14)	29.23
Chaikin Money Flow (20)	-0.13
Commodity Channel Index (20)	-98.67
Bull Bear Power	-13.13

High / Low

1 Month	392.60	352.10
3 Month	432.80	342.00
6 Month	432.80	308.00
52 Week	448.00	240.05
All Time	556.05	11.70

Volume

Volume	22,919.00
Average 10 D	54,940.90
Average 30 D	98,896.10
Average 60 D	150.7 T
Average 90 D	189.9 T

Change/Volatility

Change	-3.35 (-0.94%)
Change 1W	-5.65 (-1.57%)
Change 1M	-16.15 (-4.37%)
Volatility	2.24
Volatility W	1.79

Performance

Yesterday	22.42
Weekly	-2.80
Monthly	-1.83
3 Month	-10.29
6 Month	-0.62
Yearly	29.15
5 Year	31.04
All Time	185.32

Misc.

Average Day Range (14)	9.30
Average Directional Index (14)	17.89
Average True Range (14)	10.10
Williams Percent Range (14)	-95.75
Rate Of Change (9)	-5.55
Hull Moving Average (9)	355.68
Momentum (10)	-22.20
Parabolic SAR	383.28

PIVOT POINTS of TVS Electronics Limited (TVSELECT)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	264.65	316.65	343.30	368.65	395.30	420.65	472.65
Fibonacci	316.65	336.51	348.79	368.65	388.51	400.79	420.65
Camarilla	355.65	360.42	365.18	368.65	374.72	379.48	384.25
Woodie's	293.70	317.85	345.70	369.85	397.70	421.85	449.70
DeMark's	-	-	329.98	361.99	381.98	-	-

Financial Analysis of TVS Electronics Limited (TVSELECT)

Income Statement

Basic EPS (FY)	5.10
Basic EPS (TTM)	3.23
EBITDA (Annual YoY Growth)	-25.18
EBITDA (Quarterly QoQ Growth)	-19.30
EBITDA (Quarterly YoY Growth)	-60.47
EBITDA (TTM)	158.6 M
EBITDA (TTM YoY Growth)	-50.27
EPS Diluted (Annual YoY Growth)	-36.95
EPS Diluted (FY)	5.10
EPS Diluted (Quarterly QoQ Growth)	-78.80
EPS Diluted (Quarterly YoY Growth)	-91.58
EPS Diluted (TTM)	3.23
EPS Diluted (TTM YoY Growth)	-68.89
Free Cash Flow (Annual YoY Growth)	-211.82
Free Cash Flow Margin (FY)	-6.96
Gross Profit (Annual YoY Growth)	-9.99
Gross Profit (FY)	513.5 M
Gross Profit (MRQ)	276.5 M
Gross Profit (Quarterly QoQ Growth)	22.18
Gross Profit (Quarterly YoY Growth)	-5.18
Gross Profit (TTM YoY Growth)	-10.01
Last Year Revenue (FY)	3.5 B
Revenue (Annual YoY Growth)	14.80
Revenue per Employee (FY)	5.9 M
Revenue (Quarterly QoQ Growth)	5.40
Revenue (Quarterly YoY Growth)	4.10
Revenue (TTM YoY Growth)	4.99
Net Income (Annual YoY Growth)	-36.95
Net Income (FY)	95.2 M
Net Income (Quarterly QoQ Growth)	-78.81
Net Income (Quarterly YoY Growth)	-91.58
Net Income (TTM YoY Growth)	-68.89
Total Revenue (FY)	3.5 B

Valuation

Enterprise Value/EBITDA (TTM)	42.05
Number of Employees	604.00
Number of Shareholders	44,997.00
Shares Float	7.3 M
Price to Book (FY)	6.48
Price to Earnings Ratio (TTM)	109.43
Price to Revenue Ratio (TTM)	1.85
Price to Sales (FY)	1.87
Total Shares Outstanding	18.7 M
Selling & Admin expenses Ratio (FY)	10.71
Selling & Admin expenses Ratio (TTM)	28.29

Balance Sheet

Total Assets (Annual YoY Growth)	9.37
Total Debt (Annual YoY Growth)	54.70
Total Liabilities (FY)	1.2 B
Cash & Equivalents (FY)	94.3 M
Cash and short term investments (FY)	226.9 M

Operating Metrics

Dividends

Dividend Yield Forward	1.12
Dividends per Share (FY)	2.00

Margins

Net Margin (FY)	2.69
Net Margin (TTM)	1.69
Gross Margin (FY)	14.53
Gross Margin (TTM)	30.60
Operating Margin (FY)	3.67
Operating Margin (TTM)	2.31
Pretax Margin (TTM)	2.32

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TVS Electronics Limited (TVSELECT)

TVS Electronics Limited (TVSELECT) Chart