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Employees: 16,601
Size TVS Supply Chain Solutions (TVSSCS.NS) is an India Industrials company (Air Freight/Couriers) with a market value of $547M, the 809th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹117.07 on 6 Nov 2026.
Performance Over six months the shares fell 4.1%, against -11.6% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +6.6%); the operating margin is 2.3% (peer median 4.3%).
Valuation It trades at 31.6× forward earnings against a peer median of 17.4× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.2 points below its cost of capital (11.2% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹117B | ₹110B | ₹100.0B | ₹92.0B | ₹99.9B |
| Revenue growth | — | +10% | +9% | -8% | — |
| Gross profit | ₹14.2B | ₹11.3B | ₹8.94B | ₹7.83B | ₹7.81B |
| EBITDA | ₹8.76B | ₹7.96B | ₹6.97B | ₹7.15B | ₹7.15B |
| Net income | ₹648M | ₹1.14B | -₹136M | -₹1.01B | ₹398M |
| Free cash flow | n/a | ₹4.13B | ₹4.44B | -₹879M | ₹4.94B |
| Capital expenditure | n/a | ₹2.78B | ₹1.75B | ₹1.24B | ₹1.45B |
| Total debt | n/a | ₹27.6B | ₹20.9B | ₹22.0B | ₹33.2B |
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.
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 | TVSSCS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -5.8% | 5th lowest of 21 |
| 6-month return | -4.1% | -11.6% | 9th highest of 20 |
| Distance from 52-week high | -20.1% | -27.3% | 7th highest of 21 |
| Revenue growth (TTM) | +16.9% | +6.6% | 7th highest of 21 |
| Operating margin | 2.3% | 4.3% | 9th lowest of 20 |
| Forward P/E | 31.6× | 17.4× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 14.4% | 1.3% | 5th most demanding of 12 |
| Growth delivered (Del g) | +9.7% | +5.0% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | +4.7 pp | -3.1 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -1.2 pp | -1.3 pp | 10th highest of 19 |
| EV / EBITDA | 5.9× | 9.9× | cheapest of 9 |
| Net debt / EBITDA | 2.3× | 1.6× | 5th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TVS Supply Chain Solutions TVSSCS.NS | India | $547M | -4% | +17% | 2% | 31.6× | 14.4% | +9.7% |
| Singapore Post S08.SI | Singapore | $546M | -17% | -73% | 3% | 77.5× | n/a | n/a |
| Japan Transcity 9310.T | Japan | $538M | +15% | +1% | 7% | n/a | 1.3% | +4.4% |
| Farglory Free Trade Zone Investment 5607.TW | Taiwan | $534M | 0% | +30% | 42% | 8.3× | -2.7% | +16.8% |
| Hichain Logistics 300873.SZ | China | $560M | -22% | +15% | 14% | 20.8× | 3.2% | +12.1% |
| Xiamen Xinde 000701.SZ | China | $568M | -3% | -22% | n/a | n/a | n/a | n/a |
| LEAP India LEAPIND.NS | India | $569M | n/a | +56% | 27% | n/a | n/a | n/a |
| PostNL PNL.AS | Netherlands | $473M | -16% | +2% | 1% | 30.5× | n/a | n/a |
| Shanghai Shine-Link International Logistics 603648.SS | China | $467M | -15% | +10% | 11% | n/a | -0.7% | +0.3% |
| HPF 300350.SZ | China | $465M | -13% | +73% | -5% | n/a | n/a | n/a |
| China Master Logistics 603967.SS | China | $644M | -11% | +11% | 4% | 13.9× | -12.1% | +11.4% |
| Mahindra Logistics MAHLOG.NS | India | $443M | +5% | +20% | 2% | 34.9× | 33.7% | +16.5% |
| Guangzhou Jiacheng International Logistics 603535.SS | China | $427M | -30% | -29% | -2% | n/a | 16.0% | -0.4% |
| Friend 605050.SS | China | $709M | -24% | +4% | 4% | 10.1× | n/a | n/a |
| Radiant Logistics RLGT | United States | $418M | +8% | +4% | 2% | 23.4× | 16.3% | +0.8% |
| Sindhu Trade Links SINDHUTRAD.NS | India | $405M | -12% | -64% | 2% | n/a | n/a | n/a |
| Cedar Development 002485.SZ | China | $392M | -2% | -32% | -17% | n/a | n/a | n/a |
| Shenzhen Feima International Supply Chain 002210.SZ | China | $768M | -36% | +116% | 11% | n/a | 34.5% | +1.5% |
| Ferrari FERGR.AS | Netherlands | $780M | -4% | +3% | 17% | 12.8× | -2.7% | +5.0% |
| Hamakyorex 9037.T | Japan | $808M | -2% | +9% | 10% | 11.4× | -9.0% | +5.5% |
| Bondex Supply Chain Management 603836.SS | China | $364M | -14% | +17% | 1% | n/a | n/a | n/a |