TVS Motor Company Ltd
About
TVS Motor Company focuses on innovation and technology to manufacture a large range of two- and three-wheelers. It aspires to seize opportunity in a volatile industry using speed and agility in the development of its scooters, mopeds, motorcycles, electric vehicles, and three-wheelers. With 3 manufacturing units in India and 1 in Indonesia, TVS has a production capacity of approximately 4.95 million two-wheelers and 240,000 three-wheelers per year. The company operates in 80 countries, spanning the Middle East, Africa, Southeast Asia, and Latin and Central America. TVS is committed to producing vehicles of the highest quality while maintaining zero liquid discharge status, reusing materials, and eliminating waste. It pledges to surround its factories with natural habitats home to diverse flora and fauna. It is the only two-wheeler company to have received the Deming Prize.
Featured In Fortune India Ranking
Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 39575 22.7% | 32253 30.8% | 24651 26.6% | 19468 3.0% | 18894 -6.8% | 20266 23.5% | 16406 29.4% | 12677 11.1% | 11410 9.2% | 10452 24.3% | 8411 10.0% | 7650 2.4% | 7473 11.3% | 6712 43.2% | 4689 24.4% | 3768 - |
| Net Operating Income (INR Cr) | 39145 22.43% | 31974 31.28% | 24355 25.41% | 19421 3.03% | 18849 -6.50% | 20160 23.38% | 16340 31.11% | 12463 9.54% | 11377 10.93% | 10256 22.33% | 8384 11.63% | 7510 1.01% | 7435 13.64% | 6543 44.00% | 4544 21.27% | 3747 14.56% |
| Profit (INR Cr) | 1686 26.9% | 1329 75.6% | 757 27.4% | 594 -4.9% | 625 -11.4% | 705 8.0% | 652 27.6% | 511 19.1% | 429 30.7% | 328 76.2% | 186 -5.7% | 198 49.0% | 133 3.6% | 128 281.7% | 34 - | -63 - |
| Assets (INR Cr) | 33818 18.4% | 28554 35.1% | 21131 27.3% | 16594 8.2% | 15336 19.8% | 12804 29.7% | 9872 174.2% | 3600 21.7% | 2958 18.5% | 2497 28.0% | 1951 -3.9% | 2030 -2.7% | 2086 17.5% | 1776 -2.3% | 1816 3.2% | 1760 - |
| Net Worth (INR Cr) | 6784 23.2% | 5505 25.1% | 4399 15.0% | 3827 16.6% | 3282 3.5% | 3170 18.4% | 2677 20.8% | 2216 21.9% | 1818 47.7% | 1231 21.2% | 1016 13.1% | 898 24.4% | 722 5.8% | 683 10.1% | 620 -3.1% | 640 -14.9% |
| Employee Cost (INR Cr) | 3385 17.1% | 2890 36.0% | 2125 25.8% | 1689 9.8% | 1539 7.5% | 1432 24.6% | 1150 38.9% | 828 13.3% | 731 9.8% | 666 23.1% | 541 14.2% | 474 10.1% | 430 13.7% | 379 30.8% | 289 20.6% | 240 - |
| Interest Cost (INR Cr) | 1928 | 1368 | 940 | 881 | 855 | 663 | 338 | 60 | 70 | 62 | 80 | 103 | 88 | 71 | 89 | 79 |
| Cash & Bank Balance (INR Cr) | 2426 | 1879 | 1536 | 1657 | 1108 | 206 | 173 | 51 | 54 | 28 | 98 | 80 | 137 | 43 | 125 | 67 |
| Total Debt (INR Cr) | 26006 | 22376 | 15827 | 12179 | 11591 | 9298 | 6928 | 1311 | 1091 | 1119 | 728 | 1068 | 1304 | 1041 | 1196 | 1120 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.3% | 4.1% | 3.1% | 3.1% | 3.3% | 3.5% | 4.0% | 4.0% | 3.8% | 3.1% | 2.2% | 2.6% | 1.8% | 1.9% | 0.7% | - |
| Profit As % Of Assets | 5.0% | 4.7% | 3.6% | 3.6% | 4.1% | 5.5% | 6.6% | 14.2% | 14.5% | 13.2% | 9.6% | 9.7% | 6.4% | 7.2% | 1.9% | - |
| Profit As % Of Networth | 24.9% | 24.1% | 17.2% | 15.5% | 19.0% | 22.2% | 24.4% | 23.1% | 23.6% | 26.7% | 18.3% | 22.0% | 18.4% | 18.7% | 5.4% | - |
| Interest Cost to EBITDA % | 35.1% | 34.0% | 34.6% | 39.7% | 38.4% | 30.7% | 21.9% | 6.9% | 8.6% | 10.3% | 16.3% | 23.6% | 19.2% | 19.8% | 84.3% | 168.1% |
| Debt to Equity Ratio | 3.83 | 4.06 | 3.60 | 3.18 | 3.53 | 2.93 | 2.59 | 0.59 | 0.60 | 0.91 | 0.72 | 1.19 | 1.81 | 1.52 | 1.93 | 1.75 |
| RONW | 29.0% | 26.4% | 17.8% | 17.1% | 20.1% | 24.8% | 27.2% | 25.3% | 28.1% | 24.9% | 19.3% | 14.1% | 15.5% | 15.4% | 4.8% | - |
| ROCE | 15.1% | 13.6% | 10.9% | 10.9% | 12.5% | 15.7% | 19.1% | 21.9% | 24.3% | 21.3% | 20.1% | 13.5% | 15.2% | 12.7% | 5.4% | 0.0% |