TVS Srichakra Ltd

TVS Srichakra Ltd

Next 500 2024
+ 9 More
+ 9 More
OVERVIEW
FINANCIALS

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.

Incorporation Year: 1982
Headquarters: Madurai
Top Management: Piyush Jinendrakumar Munot
Industry: Plastics

Featured In Fortune India Ranking

Fortune 500 India
#475(2020)
#451(2019)
#484(2018)
#474(2017)
#409(2016)
#422(2015)
#463(2014)
#475(2020)#451(2019)#484(2018)#474(2017)#409(2016)#422(2015)#463(2014)
Ranking Trend Fortune 500 India
Next 500 India
#34(2024)#15(2023)#4(2022)
#34(2024)#15(2023)#4(2022)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
3,204
(INR Cr)
Net Operating Income
3,174
(INR Cr)
Assets
1,993
(INR Cr)
Profit
108
(INR Cr)
Net Worth
1,112
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
48443433393731222233506257321619
Cash & Bank Balance
(INR Cr)
1916139141822162011947117913
Total Debt
(INR Cr)
842662610208351426312315145274383297402256174157

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.760.640.630.250.470.590.490.560.350.971.801.842.852.252.032.42
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%