TVS Motor Company share price
NSE: TVSMOTORBSE: 532343AutomobilesLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹3,996.00.
27 Oct: open ₹4,008.90, high ₹4,116.20, low ₹3,987.10
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,94,168 Cr49th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 56.65
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 20.30
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.29%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 37.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 18.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 2.95
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,53,34250.9% delivered
About TVS Motor Company
TVS Motor Company Limited makes motorcycles, scooters, mopeds, electric scooters and three-wheelers, with their parts and accessories.12 It sells them to commuters, daily riders and performance enthusiasts, and its cargo three-wheelers to drivers, fleet operators and urban logistics businesses, in India and across Asia, Africa, Latin America and Europe.345
Its brands include Apache and Raider motorcycles, Jupiter and NTORQ scooters, iQube and Orbiter electric scooters and King three-wheelers.678 It owns Norton Motorcycles, a British maker of premium motorcycles whose design, engineering and manufacturing base is at Solihull; the first Norton Atlas models were rolled out at its Hosur plant in Jun 2026.91011 Its subsidiary TVS Credit Services is a non-banking finance company (a lender that is not a bank) that finances two-wheelers, three-wheelers, used cars, tractors and consumer durables and offers personal, gold and business loans, mainly to self-employed borrowers in semi-urban and rural India.12 Another subsidiary, DriveX, buys, refurbishes and sells used motorcycles and scooters of all brands.13
In India it makes its vehicles at plants in Hosur in Tamil Nadu, Mysuru in Karnataka and Nalagarh in Himachal Pradesh.2 On 3 Oct 2025 its Singapore subsidiary acquired all of Engines Engineering S.p.A., an Italian design and engineering company.145
It was incorporated in 1992.3 TVS Holdings Limited is its holding company, and its promoter and promoter group held 50.27% of its equity shares at 31 Mar 2026.1516 Sudarshan Venu is its chairman and managing director; his father, Venu Srinivasan, is chairman emeritus and managing director.17
TVS Motor Company key points
Results
- In the quarter to Jun 2026, revenue rose 38% to ₹13,896 crore from ₹10,081 crore; operating EBITDA (earnings before interest, tax, depreciation and amortisation) rose 41% to ₹1,779 crore from ₹1,260 crore and profit after tax 51% to ₹1,174 crore from ₹776 crore.18
- In the quarter to Jun 2026, the company's operating EBITDA margin was 12.8%, against 12.5% a year earlier; profit before tax of ₹1,589 crore included about ₹150 crore of gains from revaluing investments, against about ₹28 crore a year earlier.19
- On a standalone basis (the company alone), revenue for the year to Mar 2026 was a record ₹47,270 crore; operating EBITDA rose 37% to ₹6,079 crore from ₹4,450 crore and profit after tax was ₹3,615 crore.20
- On a consolidated basis (including subsidiaries and associates), profit before tax was ₹4,822 crore in the year to Mar 2026, against ₹3,505 crore a year earlier.21
Sales volumes
- In the quarter to Jun 2026 it sold 1.63 million vehicles, up 28% from 1.28 million; electric two-wheeler sales grew 86% and three-wheeler sales 48%, to 67,000 units from 45,000.22
- It sold a record 5.89 million two- and three-wheelers in the year to Mar 2026, against 4.74 million a year earlier: 5.67 million two-wheelers, up 23%, and 0.22 million three-wheelers, up 62.7% from 0.14 million.23
- In the year to Mar 2026 its Indian sales of two-wheelers with combustion engines rose 19% to 3.87 million units, against 9% growth for the whole two-wheeler industry, electric included.2425
- Its share of the electric three-wheeler segment crossed 11% in the year to Mar 2026.26
International business
- Exports made up 24% of its turnover in the year to Mar 2026, and it sells in more than 90 countries.27
- In the year to Mar 2026 its two-wheeler exports rose 30% to 1.43 million units from 1.09 million, driven by Africa, Latin America and Asia, and its three-wheeler exports rose 50% to 0.16 million units.28
- Its Indonesian subsidiary, PT TVS Motor Company Indonesia, sold 0.20 million two-wheelers and 11,500 three-wheelers in the year to Mar 2026, with operating EBITDA of $8 million.29
Customers and partners
- Its partnership with BMW Motorrad, more than a decade old, has produced motorcycles on a single-cylinder 310 cc platform with more than 206,000 customers.30
- In Dec 2025 the 200,000th BMW motorcycle came off its production line at Hosur, and it designs, develops and industrialises (readies for mass production) upcoming BMW Motorrad models.31
TVS Credit
Research and development
What the company expects
- On its earnings call of 21 Jul 2026, the company said it expected at least double-digit two-wheeler industry growth in the quarter to Sep 2026 and international growth at the Jun 2026 quarter's rate or slightly better; its documents give no outcome.37
- On its earnings call of 21 Jul 2026, the company said Norton's 4 new models had been launched in the UK, France, Italy, Germany, Spain and India, with a US launch later in the year.38
- The company stated in its annual report for the year to Mar 2026 that it expects India's two-wheeler and three-wheeler demand in the year to Mar 2027 to broadly track the previous year's, subject to external developments.39
Recent events
- On 19 Oct 2026 CARE Ratings reaffirmed its AAA rating on long-term bank facilities, upgraded from AA+ on 25 Jun 2026 (a credit rating is an agency's view of how likely a borrower is to repay on time).404142
- On 5 Aug 2026 the company reported that the boards involved had approved a scheme merging Home Credit India Finance, a non-banking lender, STPL Trading and Services and TVS Housing Finance into TVS Credit Services, subject to approvals including the Reserve Bank of India's.4344
- On 27 Jul 2026 it bought 4.39% of TVS Credit Services from Lucas-TVS for ₹711 crore, raising its holding to 85.15% from 80.76% (on a fully diluted basis, counting shares that could still be issued).45
- Sundaram Auto Components merged into the company with effect from 12 May 2026, under a scheme approved by the National Company Law Tribunal, Chennai Bench, on 6 May 2026.46
Last updated
All 46 sources, each with its page
- 1. Annual report, 29 Jun 2026, page 11
- 2. Annual report, 29 Jun 2026, page 132
- 3. Annual report, 29 Jun 2026, page 79
- 4. Annual report, 29 Jun 2026, page 28
- 5. Annual report, 29 Jun 2026, page 17
- 6. Annual report, 29 Jun 2026, page 60
- 7. Annual report, 29 Jun 2026, page 61
- 8. Annual report, 29 Jun 2026, page 62
- 9. Annual report, 29 Jun 2026, page 54
- 10. Annual report, 29 Jun 2026, page 27
- 11. Earnings call, 21 Jul 2026, page 6
- 12. Annual report, 29 Jun 2026, page 36
- 13. Annual report, 29 Jun 2026, page 35
- 14. Annual report, 29 Jun 2026, page 70
- 15. Annual report, 29 Jun 2026, page 104
- 16. Annual report, 29 Jun 2026, page 113
- 17. Annual report, 29 Jun 2026, page 103
- 18. Earnings call, 21 Jul 2026, page 3
- 19. Earnings call, 21 Jul 2026, page 4
- 20. Annual report, 29 Jun 2026, page 54
- 21. Annual report, 29 Jun 2026, page 72
- 22. Earnings call, 21 Jul 2026, page 3
- 23. Annual report, 29 Jun 2026, page 59
- 24. Annual report, 29 Jun 2026, page 54
- 25. Annual report, 29 Jun 2026, page 59
- 26. Annual report, 29 Jun 2026, page 20
- 27. Annual report, 29 Jun 2026, page 79
- 28. Annual report, 29 Jun 2026, page 59
- 29. Annual report, 29 Jun 2026, page 70
- 30. Annual report, 29 Jun 2026, page 63
- 31. Annual report, 29 Jun 2026, page 63
- 32. Earnings call, 21 Jul 2026, page 4
- 33. Annual report, 29 Jun 2026, page 36
- 34. Annual report, 29 Jun 2026, page 33
- 35. Annual report, 29 Jun 2026, page 22
- 36. Annual report, 29 Jun 2026, page 10
- 37. Earnings call, 21 Jul 2026, page 6
- 38. Earnings call, 21 Jul 2026, page 6
- 39. Annual report, 29 Jun 2026, page 65
- 40. Exchange filing, 20 Oct 2026, page 1
- 41. Exchange filing, 20 Oct 2026, page 2
- 42. Exchange filing, 25 Jun 2026, page 1
- 43. Exchange filing, 5 Aug 2026, page 1
- 44. Exchange filing, 5 Aug 2026, page 3
- 45. Exchange filing, 27 Jul 2026, page 1
- 46. Annual report, 29 Jun 2026, page 70
Results
Consolidated; ₹ crore.TVS Motor Company quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +30.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +43.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹16,296 Crup 8.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,058 Crup 29.05%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.5%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,302 | 11,135 | 11,542 | 12,210 | 14,051 | 14,756 | 15,053 | 16,296 |
| Net profit | 588 | 609 | 698 | 643 | 833 | 891 | 820 | 1,058 |
| Net margin | 5.2% | 5.5% | 6.0% | 5.3% | 5.9% | 6.0% | 5.4% | 6.5% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹56,070 Crup 27.17%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,186 Crup 33.89%
- Net margin
- 5.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13,574what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹1,111 crore, a tax on the goods the company makes that it collects and pays to the government. | 16,656what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹362 crore, a tax on the goods the company makes that it collects and pays to the government. | 20,160 | 18,849 | 19,421 | 24,355 | 31,974 | 39,145 | 44,089 | 56,070 |
| Net profit | 509 | 665 | 725 | 647 | 608 | 731 | 1,309 | 1,779 | 2,380 | 3,186 |
| Net margin | 3.8% | 4.0% | 3.6% | 3.4% | 3.1% | 3.0% | 4.1% | 4.5% | 5.4% | 5.7% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Automotive Vehicles & PartsAutomotive Vehicles & Parts, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹48,907 Crup 29.72%87.2%
- Financial servicesFinancial services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹7,202 Crup 9.80%12.8%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.TVS Motor Company PE ratio and valuation
At or below today's level on 65% of 2,478 trading days over the last 10 years.
At or below today's level on 92% of 1,985 trading days since Oct 2018.
At or below today's level on 13% of 2,440 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +39.4% | +35.0% | +2.9% | 0.4% |
| 3 years | +46.5% | +31.5% | +11.2% | 0.4% |
| 5 years | +42.3% | +38.4% | +2.5% | 0.4% |
Mutual fund holdings
402 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 142 of the 208 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 402 funds holding TVS Motor Company
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 7
- AddedAdded. Funds that held more shares than at the end of the month before.
- 100
- CutCut. Funds that held fewer shares than at the end of the month before.
- 108
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 181
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 8
| Fund | |||
|---|---|---|---|
| 1,10,45,331 | 6.31% | ₹4,535.2 Cr | |
| 58,20,976 | 9.51% | ₹2,390.1 Cr | |
| 39,81,427 | 3.22% | ₹1,634.8 Cr | |
| 25,35,516 | 0.96% | ₹1,041.1 Cr | |
| 18,07,544 | 4.32% | ₹742.2 Cr | |
| 17,21,650 | 0.94% | ₹706.9 Cr | |
| 17,01,021 | 2.84% | ₹698.4 Cr | |
| 15,96,136 | 4.86% | ₹655.4 Cr | |
| 12,68,587 | 0.68% | ₹520.9 Cr | |
| 12,67,572 | 1.78% | ₹520.5 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.TVS Motor Company insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 16 pledge filings of unclear kind
TVS Motor Company competitors and peers
2/3 Wheelers, 13 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to TVS Motor Company in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,85,521 | 21.84 | 7.80 | +47.9% | +56.9% | 36.9% | 23.6% | 1.44% | |
| 1,96,695 | 34.07 | 7.84 | +28.1% | +19.3% | 24.9% | 20.7% | 1.14% | |
| 1,04,444 | 19.17 | 4.83 | +25.6% | +8.2% | 26.7% | 29.2% | 3.55% | |
| 66,391 | – | 15.49 | – | – | −6.7% | −6.5% | 0.00% | |
| 17,395 | – | – | −49.2% | – | −41.0% | −26.9% | 0.00% | |
| 2,157 | 75.97 | 19.34 | – | – | 25.5% | – | 0.00% | |
| 636 | – | 2.29 | +4.2% | – | – | 0.7% | 0.00% | |
| 137 | 10.68 | 1.09 | +55.0% | +8.8% | 11.2% | – | 0.42% |
Dividends
Per share, by the year it was paid for, and the latest payments.TVS Motor Company dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 30 Mar 2026 | Interim | ₹12.00 |
| 26 Mar 2025 | Interim | ₹10.00 |
| 19 Mar 2024 | Interim | ₹8.00 |
| 2 Feb 2023 | Interim | ₹5.00 |
| 25 Mar 2022 | Interim | ₹3.75 |
| 30 Mar 2021 | Interim | ₹1.40 |
Latest announcements
Routine notices left out.TVS Motor Company announcements
Oct 2026
21 Oct · Analysts
20 Oct · Rating
1 Oct · Monthly Business Updates
Sep 2026
TVS Motor Company share price by year
Each calendar year to 2025.TVS Motor Company share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,719.80 | +57.1% | 3,719.80 | 2,176.60 |
| 2024 | 2,368.50 | +16.9% | 2,949.70 | 1,899.05 |
| 2023 | 2,025.80 | +86.6% | 2,048.75 | 969.90 |
| 2022 | 1,085.40 | +73.1% | 1,171.45 | 530.10 |
| 2021 | 627.00 | +29.3% | 753.50 | 488.15 |
| 2020 | 485.00 | +3.5% | 510.85 | 252.95 |
| 2019 | 468.45 | −18.0% | 564.55 | 344.50 |
| 2018 | 571.25 | −25.9% | 774.85 | 494.70 |
| 2017 | 770.70 | +113.8% | 785.05 | 367.65 |
| 2016 | 360.50 | +24.4% | 412.10 | 264.40 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 3,962.20 | 3,998.40 | 3,875.10 | 3,996.00 | 3,954.48 | 3,00,075 | 39.4% |
| 23 Oct 2026 | 3,978.00 | 3,987.90 | 3,898.10 | 3,980.20 | 3,937.85 | 7,47,860 | 52.3% |
| 22 Oct 2026 | 3,950.20 | 4,006.60 | 3,915.00 | 3,974.00 | 3,962.71 | 6,11,070 | 56.9% |
| 21 Oct 2026 | 4,079.00 | 4,093.60 | 3,931.30 | 3,992.60 | 3,978.04 | 4,88,520 | 54.6% |
| 19 Oct 2026 | 4,094.10 | 4,138.00 | 4,055.00 | 4,074.00 | 4,095.84 | 4,72,084 | 42.0% |
| 16 Oct 2026 | 4,050.00 | 4,110.00 | 4,012.20 | 4,095.10 | 4,081.45 | 4,71,482 | 50.6% |
| 15 Oct 2026 | 3,969.70 | 4,064.00 | 3,942.40 | 4,020.00 | 4,024.36 | 5,86,537 | 51.9% |
| 14 Oct 2026 | 4,011.00 | 4,011.00 | 3,941.50 | 3,969.70 | 3,967.01 | 4,87,864 | 59.1% |
| 13 Oct 2026 | 3,875.00 | 4,012.70 | 3,821.20 | 4,011.50 | 3,963.92 | 6,15,234 | 43.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 8 Sep 2010 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 23 Apr 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 21 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Company details
- NSE symbol
- TVSMOTOR
- BSE code
- 532343
- ISIN
- INE494B01023
- Industry
- Automobiles
- Former symbols
- TVS-SUZUKI
- Website
- www.tvsmotor.in
- CIN
- L35921TN1992PLC022845
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1992
- Registered office
- "Chaitanya", No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai 600034, Tamil Nadu
- Share registrar
- Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
- Keeps the register of shareholders and handles transfers and dividend payments