TVS Motor Company Limited (TVSMOTOR)

Price1,494.10 -4.80 (-0.32%)52 Week High1,533.40
ISININE494B0102352 Week Low967.55
IndustryMotor VehiclesVolume1 M
SectorConsumer DurablesP/E Ratio TTM48.70
Market Cap712.1 B1 Year Beta0.78
Technical Rating of

TVS Motor Company Limited (TVSMOTOR) logo

TVS Motor Company Limited (TVSMOTOR), a leading two-wheeler manufacturer 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 24.9% year-on-year to Rs. 30,890 crore. This was driven by the strong performance of the company’s domestic two-wheeler business.

The company’s consolidated EBITDA for the quarter grew by 28.4% year-on-year to Rs. 5,055 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. 3,717 crore, a growth of 34.8% year-on-year. This was due to the increase in EBITDA and the company’s decision to not capitalize certain expenses.

The company’s earnings per share (EPS) for the quarter stood at Rs. 6.80, a growth of 37.5% year-on-year. This was due to the increase in profit after tax.

The company’s board of directors has recommended a dividend of Rs. 2.75 per share for the quarter.

Commenting on the results, Mr. Sudarshan Venu, Managing Director, TVS Motor Company Limited, said, “We are pleased to report a strong growth in our financial performance for the quarter ended June 30, 2023. Our revenue growth was driven by the strong performance of our domestic two-wheeler business. We are also pleased with the growth in our exports business. We are confident that we will continue to grow our business in the coming quarters.”

Mr. Venu further added that the company is focused on expanding its product portfolio and strengthening its distribution network. The company is also investing in new technologies to improve its products and services offerings.

The company’s shares are currently trading at Rs. 903.00 on the Bombay Stock Exchange (BSE). The company’s market capitalization is Rs. 1,15,974.80 crore.

Key Highlights

  • Consolidated net sales grew by 24.9% year-on-year to Rs. 30,890 crore.
  • This was driven by the strong performance of the company’s domestic two-wheeler business.
  • Consolidated EBITDA grew by 28.4% year-on-year to Rs. 5,055 crore.
  • This was due to the increase in net sales and the company’s focus on cost optimization.
  • Profit after tax stood at Rs. 3,717 crore, a growth of 34.8% year-on-year.
  • This was due to the increase in EBITDA and the company’s decision to not capitalize certain expenses.
  • EPS stood at Rs. 6.80, a growth of 37.5% year-on-year.
  • This was due to the increase in profit after tax.
  • Board of directors recommended a dividend of Rs. 2.75 per share.

Outlook

TVS Motor Company Limited is a well-established two-wheeler manufacturer with a strong track record of growth. The company has a diversified portfolio of products, including motorcycles, scooters, and three-wheelers. 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 Southeast Asia and Latin America.

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 Motor Company Limited (TVSMOTOR) Chart

Technical Analysis of TVS Motor Company Limited (TVSMOTOR)

Moving Averages

PeriodSimpleExponential
MA 51,506.791,497.87
MA 101,489.361,487.04
MA 201,456.061,459.93
MA 301,420.131,437.93
MA 501,392.651,404.46
MA 1001,342.091,337.74
MA 2001,202.621,231.53

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)85.71Aroon Down (14)0.00
MACD Level (12, 26)35.46MACD Signal (12, 26)34.35
Relative Strength Index (7)58.94Relative Strength Index (14)64.02
Stochastic %D (14 3 3)82.05Stochastic %K (14 3 3)70.74
Stochastic RSI Fast (3, 3, 14, 14)22.24Stochastic RSI Slow (3, 3, 14, 14)44.15
Bollinger Upper Band (20)1,556.23Bollinger Lower Band (20)1,355.88
Keltner Channels Upper Band (20)1,513.38Keltner Channels Lower Band (20)1,406.49
Donchian Channels Upper Band (20)1,533.40Donchian Channels Lower Band (20)1,321.10
Ichimoku Conversion Line (9, 26, 52, 26)1,486.30Ichimoku Base Line (9, 26, 52, 26)1,427.25
Ichimoku Leading Span A (9, 26, 52, 26)1,349.46Ichimoku Leading Span B (9, 26, 52, 26)1,343.45
Positive Directional Indicator (14)31.58Negative Directional Indicator (14)17.70
Volume Weighted Average Price1,491.90Volume Weighted Moving Average 201,447.78

Oscillator Rating

Oscillators

Awesome Oscillator93.57
Ultimate Oscillator (7,14,28)60.89
Money Flow (14)74.74
Chaikin Money Flow (20)0.28
Commodity Channel Index (20)64.54
Bull Bear Power24.12

High / Low

1 Month1,533.401,321.10
3 Month1,533.401,289.00
6 Month1,533.401,029.20
52 Week1,533.40967.55
All Time1,533.406.58

Volume

Volume1 M
Average 10 D794.3 T
Average 30 D1.1 M
Average 60 D1.1 M
Average 90 D1.1 M

Change/Volatility

Change-4.80 (-0.32%)
Change 1W-8.80 (-0.59%)
Change 1M74.20 (5.23%)
Volatility1.07
Volatility W1.52

Performance

Yesterday37.71
Weekly2.13
Monthly10.27
3 Month12.54
6 Month42.44
Yearly40.95
5 Year153.24
All Time17,487.99

Misc.

Average Day Range (14)24.35
Average Directional Index (14)32.62
Average True Range (14)27.18
Williams Percent Range (14)-41.72
Rate Of Change (9)0.92
Hull Moving Average (9)1,515.70
Momentum (10)14.30
Parabolic SAR1,454.59

PIVOT POINTS of TVS Motor Company Limited (TVSMOTOR)

NameS3S2S1Pivot PointsR1R2R3
Classic1,152.301,271.701,345.801,391.101,465.201,510.501,629.90
Fibonacci1,271.701,317.311,345.491,391.101,436.711,464.891,510.50
Camarilla1,387.071,398.011,408.961,391.101,430.851,441.791,452.74
Woodie's1,240.551,278.781,359.951,398.181,479.351,517.581,598.75
DeMark's - - 1,368.451,402.431,487.85 - -

Financial Analysis of TVS Motor Company Limited (TVSMOTOR)

Income Statement

Basic EPS (FY)27.97
Basic EPS (TTM)30.68
EBITDA (Annual YoY Growth)54.42
EBITDA (Quarterly QoQ Growth)15.25
EBITDA (Quarterly YoY Growth)34.17
EBITDA (TTM)43.8 B
EBITDA (TTM YoY Growth)34.88
EPS Diluted (Annual YoY Growth)75.56
EPS Diluted (FY)27.97
EPS Diluted (MRQ)9.80
EPS Diluted (Quarterly QoQ Growth)29.22
EPS Diluted (Quarterly YoY Growth)42.22
EPS Diluted (TTM)30.68
EPS Diluted (TTM YoY Growth)35.88
EPS Forecast (MRQ)11.33
Free Cash Flow (Annual YoY Growth)-117.36
Free Cash Flow Margin (FY)-18.42
Gross Profit (Annual YoY Growth)45.94
Gross Profit (FY)68 B
Gross Profit (MRQ)23.2 B
Gross Profit (Quarterly QoQ Growth)19.64
Gross Profit (Quarterly YoY Growth)44.44
Gross Profit (TTM YoY Growth)38.30
Last Year Revenue (FY)317.4 B
Revenue (Annual YoY Growth)31.84
Revenue per Employee (FY)24.6 M
Revenue (Quarterly QoQ Growth)12.75
Revenue (Quarterly YoY Growth)23.78
Revenue (TTM YoY Growth)24.95
Net Income (Annual YoY Growth)75.56
Net Income (FY)13.3 B
Net Income (Quarterly QoQ Growth)29.22
Net Income (Quarterly YoY Growth)42.22
Net Income (TTM YoY Growth)35.88
Total Revenue (FY)317.4 B

Valuation

Enterprise Value/EBITDA (TTM)16.27
Number of Employees12,907.00
Number of Shareholders194.3 T
Shares Float227.8 M
Price to Book (FY)12.89
Price to Earnings Ratio (TTM)48.70
Price to Revenue Ratio (TTM)2.11
Price to Sales (FY)2.24
Total Shares Outstanding475.1 M
Research & development Ratio (FY)1.56
Selling & Admin expenses Ratio (FY)10.38
Selling & Admin expenses Ratio (TTM)13.66

Balance Sheet

Total Assets (Annual YoY Growth)29.80
Total Debt (Annual YoY Growth)41.37
Total Liabilities (FY)294.8 B
Cash & Equivalents (FY)18.6 B
Cash and short term investments (FY)20.7 B

Operating Metrics

Dividends

Dividend Yield Forward0.33
Dividends Paid (FY)-2,918,100,000.00

Margins

Net Margin (FY)4.19
Net Margin (TTM)4.32
Gross Margin (FY)21.44
Gross Margin (TTM)24.01
Operating Margin (FY)9.45
Operating Margin (TTM)10.35
Pretax Margin (TTM)6.43

TVS Motor Company Limited (TVSMOTOR) FUTURES

ExpiryOpenHighLowCloseSettleContractsValueOIOI Change
28-Sep-231,493.601,501.851,485.601,498.201,498.201.5 T15.2 T6.6 M-129,500
26-Oct-231,501.351,510.751,494.001,507.401,507.407578 T823.2 T308.7 T
30-Nov-231,508.701,514.001,505.701,514.701,514.701414831.5 T2.1 T

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