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TVS Group investment holding and NBFC company (formerly Sundaram-Clayton) that holds stakes in TVS Motor and group firms.
TVS Group investment holding and NBFC company (formerly Sundaram-Clayton) that holds stakes in TVS Motor and group firms.
Moat: none (scale). Value derives mainly from its TVS Motor stake and new NBFC licence, not an operating moat of its own.
Headquarters: Chennai, India · Founded: 1962 · Employees: 60
Size TVS (TVSHLTD.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.78B, the 306th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹12,982 on 6 Nov 2026.
Performance Over six months the shares fell 9.9%, against -11.1% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 34.8% over the last twelve months (peer median +8.9%); the operating margin is 13.6% (peer median 7.6%).
Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.6× (7th cheapest of 21).
Capital Return on invested capital runs 2.5 points above its cost of capital (9.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹681B | ₹582B | ₹450B | ₹399B | ₹337B |
| Revenue growth | — | +29% | +13% | +18% | — |
| Gross profit | ₹192B | ₹165B | ₹127B | ₹102B | ₹73.7B |
| EBITDA | ₹107B | ₹92.6B | ₹69.8B | ₹58.9B | ₹43.7B |
| Net income | ₹21.6B | ₹17.0B | ₹11.6B | ₹8.00B | ₹6.50B |
| Free cash flow | n/a | -₹24.0B | ₹6.69B | -₹19.3B | -₹58.7B |
| Capital expenditure | n/a | ₹32.9B | ₹24.8B | ₹11.2B | ₹14.9B |
| Total debt | ₹456B | ₹374B | ₹335B | ₹270B | ₹258B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| TVS TVSHLTD.NS | $2.78B | -10% | +35% | 14% | 1.0× | n/a |
| Sundaram-Clayton SUNCLAY.NS | n/a | -28% | n/a | n/a | n/a | n/a |
| TVS Motor TVSMOTOR.NS | $22.6B | +21% | +34% | 12% | 3.8× | n/a |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | $13.0B | +4% | -14% | 80% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TVSHLTD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.4% | -4.7% | 5th highest of 21 |
| 6-month return | -9.9% | -11.1% | 11th highest of 21 |
| Distance from 52-week high | -20.3% | -29.1% | 7th highest of 21 |
| Revenue growth (TTM) | +34.8% | +8.9% | 2nd highest of 21 |
| Operating margin | 13.6% | 7.6% | highest of 21 |
| EV / Sales | 1.0× | 1.6× | 7th cheapest of 21 |
| ROIC minus cost of capital | +2.5 pp | -1.6 pp | 4th highest of 21 |
| EV / EBITDA | 6.6× | 13.3× | 7th cheapest of 14 |
| Net debt / EBITDA | 3.5× | 0.4× | most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TVS TVSHLTD.NS | India | $2.78B | -10% | +35% | 14% | 1.0× | n/a | n/a |
| ZF Commercial Vehicle Control Systems India ZFCVINDIA.NS | India | $2.76B | -5% | +9% | 13% | 6.2× | 31.9% | +17.3% |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 1.9× | 30.0% | +23.8% |
| Escorts Kubota ESCORTS.NS | India | $2.84B | -27% | +19% | 9% | 1.5× | 21.0% | +10.7% |
| Sansera Engineering SANSERA.NS | India | $2.86B | +70% | +23% | 13% | 7.2× | n/a | n/a |
| NSK 6471.T | Japan | $2.87B | -27% | +26% | 5% | 0.5× | 1.9% | +4.0% |
| WuHu Foresight Technology 301529.SZ | China | $2.89B | +66% | +4% | 9% | 11.2× | 55.9% | +29.9% |
| Shanghai Daimay Automotive Interior 603730.SS | China | $2.90B | -18% | -2% | 13% | 3.1× | 13.0% | +10.3% |
| Shanghai Beite Technology 603009.SS | China | $2.64B | +11% | +9% | 7% | 7.5× | n/a | n/a |
| Zhejiang Wanfeng Auto Wheel 002085.SZ | China | $2.64B | -36% | -2% | 7% | 1.5× | 3.7% | +8.4% |
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | China | $2.92B | -45% | +2% | 9% | 1.3× | -0.6% | +15.8% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 3.9× | n/a | n/a |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 4.7× | 55.1% | +22.5% |
| Valeo FR.PA | France | $3.00B | -15% | -2% | 4% | 0.3× | -8.2% | +4.9% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 0.9× | 0.4% | +27.5% |
| NHK Spring 5991.T | Japan | $3.18B | -14% | +3% | 6% | 0.5× | 5.2% | +7.4% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 1.6× | 27.5% | +11.7% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 0.8× | 1.3% | +7.6% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 3.3× | 28.4% | +11.6% |
| Anhui Zhongding Sealing Parts 000887.SZ | China | $3.32B | -3% | +9% | 8% | 1.2× | 3.8% | +11.4% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 0.6× | 3.6% | +9.6% |