TVS Srichakra Ltd
About
TVS Srichakra Limited (TVSSL) is a manufacturer of two- and three-wheeler tyres, industrial pneumatic tyres, farm & implements tyres, multi-purpose tyres and tubes.It was incorporated in 1982 with its headquarters in Madurai. The company holds about 25% market share in the two- and three-wheeler tyres segment. The key clients for the company include leading Original Equipment Manufacturers (OEMs) like Hero Honda, Bajaj Auto, India Yamaha Motor, as well as group company TVS Motors. The company has a 2,050 strong dealer network and 23 warehouses in India. TVSSL was founded by T.V. Sundaram Iyengar. The company exports to the USA, Europe, Africa, South America and Southeast Asia. The company operates through two plants in Madurai and one in Uttrakhand.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3204 -0.7% | 3225 13.9% | 2833 47.6% | 1920 -9.7% | 2127 -15.3% | 2510 17.9% | 2129 5.4% | 2019 -9.1% | 2220 0.8% | 2203 13.8% | 1935 17.1% | 1653 9.2% | 1514 30.3% | 1162 65.9% | 701 20.4% | 582 - |
| Net Operating Income (INR Cr) | 3174 -0.56% | 3191 17.91% | 2706 39.57% | 1939 -7.82% | 2104 -13.46% | 2431 12.95% | 2152 9.78% | 1961 -10.26% | 2185 0.38% | 2176 12.33% | 1938 17.29% | 1652 13.65% | 1453 33.24% | 1091 0.00% | 701 21.58% | 576 25.78% |
| Profit (INR Cr) | 108 38.4% | 78 79.4% | 43 -41.2% | 74 -10.2% | 82 -20.0% | 103 -11.4% | 116 -21.3% | 148 -20.7% | 186 86.8% | 100 76.1% | 57 108.1% | 27 -30.6% | 39 0.1% | 39 31.3% | 30 232.8% | 9 - |
| Assets (INR Cr) | 1993 15.8% | 1721 2.2% | 1684 49.4% | 1127 -5.5% | 1192 -4.9% | 1254 19.5% | 1049 8.0% | 971 49.5% | 650 5.9% | 613 -4.8% | 644 25.1% | 515 -9.2% | 567 48.2% | 383 47.2% | 260 17.1% | 222 - |
| Net Worth (INR Cr) | 1112 7.5% | 1034 6.5% | 971 17.7% | 825 10.7% | 745 2.3% | 728 14.0% | 639 13.9% | 561 36.2% | 412 46.0% | 282 32.3% | 213 32.3% | 161 14.3% | 141 24.0% | 114 0.0% | 86 32.1% | 65 9.9% |
| Employee Cost (INR Cr) | 341 10.7% | 308 4.6% | 295 13.1% | 261 -1.3% | 264 -2.0% | 269 15.2% | 234 13.0% | 207 -4.2% | 216 15.2% | 187 27.0% | 148 13.8% | 130 30.9% | 99 19.8% | 83 54.4% | 54 26.9% | 42 - |
| Interest Cost (INR Cr) | 48 | 44 | 34 | 33 | 39 | 37 | 31 | 22 | 22 | 33 | 50 | 62 | 57 | 32 | 16 | 19 |
| Cash & Bank Balance (INR Cr) | 19 | 16 | 13 | 9 | 14 | 18 | 22 | 16 | 20 | 11 | 9 | 47 | 11 | 7 | 9 | 13 |
| Total Debt (INR Cr) | 842 | 662 | 610 | 208 | 351 | 426 | 312 | 315 | 145 | 274 | 383 | 297 | 402 | 256 | 174 | 157 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.4% | 2.4% | 1.5% | 3.9% | 3.9% | 4.1% | 5.5% | 7.3% | 8.4% | 4.5% | 2.9% | 1.7% | 2.6% | 3.4% | 4.3% | 1.5% |
| Profit As % Of Assets | 5.4% | 4.5% | 2.6% | 6.6% | 6.9% | 8.2% | 11.1% | 15.2% | 28.7% | 16.2% | 8.8% | 5.3% | 6.9% | 10.2% | 11.5% | 4.0% |
| Profit As % Of Networth | 9.7% | 7.5% | 4.5% | 9.0% | 11.1% | 14.1% | 18.2% | 26.3% | 45.2% | 35.3% | 26.5% | 16.9% | 27.8% | 34.4% | 34.7% | 13.8% |
| Interest Cost to EBITDA % | 16.6% | 19.4% | 20.6% | 14.6% | 18.2% | 14.2% | 12.3% | 7.7% | 6.9% | 15.9% | 33.0% | 62.0% | 44.2% | 32.4% | 24.0% | 46.6% |
| Debt to Equity Ratio | 0.76 | 0.64 | 0.63 | 0.25 | 0.47 | 0.59 | 0.49 | 0.56 | 0.35 | 0.97 | 1.80 | 1.84 | 2.85 | 2.25 | 2.03 | 2.42 |
| RONW | 10.0% | 7.8% | 4.8% | 9.4% | 11.2% | 15.1% | 19.6% | 30.8% | 55.1% | 39.5% | 34.8% | 12.0% | 30.2% | 34.4% | 39.6% | 14.4% |
| ROCE | 10.5% | 8.6% | 6.7% | 11.3% | 10.4% | 16.6% | 19.8% | 28.7% | 49.7% | 28.4% | 22.9% | 15.4% | 23.6% | 23.2% | 24.5% | 14.6% |