Employees: 2,707
Size TVS Srichakra (TVSSRICHAK.NS) is an India Consumer Discretionary company (Automotive Aftermarket) with a market value of $346M, the 995th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,274 on 6 Nov 2026.
Performance Over six months the shares gained 8.9%, against -17.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 18.6% over the last twelve months (peer median +5.5%); the operating margin is 4.3% (peer median 4.9%).
Valuation It trades at 22.7× forward earnings against a peer median of 15.6× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +11 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 4.6 points below its cost of capital (15.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹38.9B | ₹36.4B | ₹32.5B | ₹29.3B | ₹29.8B |
| Revenue growth | — | +12% | +11% | -2% | — |
| Gross profit | ₹10.6B | ₹5.97B | ₹4.94B | ₹5.54B | ₹4.87B |
| EBITDA | ₹3.12B | ₹2.90B | ₹2.35B | ₹3.04B | ₹2.37B |
| Net income | ₹924M | ₹712M | ₹206M | ₹1.08B | ₹780M |
| Free cash flow | n/a | ₹1.41B | -₹107M | -₹677M | -₹373M |
| Capital expenditure | n/a | ₹1.10B | ₹1.61B | ₹2.51B | ₹2.07B |
| Total debt | n/a | ₹7.67B | ₹8.86B | ₹8.42B | ₹6.62B |
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| Measure | TVSSRICHAK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | -5.6% | 6th highest of 20 |
| 6-month return | +8.9% | -17.5% | 2nd highest of 20 |
| Distance from 52-week high | -25.8% | -31.3% | 8th highest of 20 |
| Revenue growth (TTM) | +18.6% | +5.5% | highest of 20 |
| Operating margin | 4.3% | 4.9% | 8th lowest of 20 |
| Forward P/E | 22.7× | 15.6× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 24.3% | -4.5% | most demanding of 11 |
| Growth delivered (Del g) | +13.4% | +8.9% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | +10.8 pp | -12.1 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -4.6 pp | -0.2 pp | 6th lowest of 20 |
| EV / EBITDA | 10.5× | 6.6× | 4th most expensive of 12 |
| Net debt / EBITDA | 2.4× | 1.5× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TVS Srichakra TVSSRICHAK.NS | India | $346M | +9% | +19% | 4% | 22.7× | 24.3% | +13.4% |
| JTEKT India JTEKTINDIA.NS | India | $347M | -16% | +17% | 4% | 49.2× | n/a | n/a |
| Guangdong Dcenti Auto Parts Stock 603335.SS | China | $322M | -29% | -18% | -11% | n/a | n/a | n/a |
| Firma Oponiarska Debica DBC.WA | Poland | $308M | 0% | -1% | 4% | n/a | -1.6% | +9.9% |
| Nexen Tire 002350.KS | South Korea | $429M | -19% | +11% | 4% | 5.3× | -20.0% | +13.4% |
| Kenda Rubber Industrial 2106.TW | Taiwan | $461M | -8% | 0% | 2% | 25.3× | 10.9% | +2.3% |
| Prinx Chengshan 1809.HK | Hong Kong | $508M | -20% | +9% | 9% | 2.4× | n/a | n/a |
| Giti Tire 600182.SS | China | $578M | -22% | -1% | 10% | n/a | -5.6% | +11.6% |
| Aeolus Tire 600469.SS | China | $598M | -30% | +2% | 4% | n/a | n/a | n/a |
| Nankang Rubber Tire 2101.TW | Taiwan | $607M | -18% | +10% | 26% | n/a | -15.5% | -2.8% |
| Bengal & Assam BENGALASM.NS | India | $688M | -13% | +12% | 13% | n/a | 19.9% | -25.6% |
| Jiangsu General Science Technology 601500.SS | China | $831M | -25% | +11% | 5% | 14.6× | -3.5% | +19.8% |
| Guizhou Tyre 000589.SZ | China | $974M | -18% | +8% | 8% | 8.7× | n/a | n/a |
| Standard Motor Products SMP | United States | $993M | +10% | +6% | 11% | 9.3× | -8.5% | +9.7% |
| XPEL XPEL | United States | $1.06B | -12% | +13% | 14% | 16.5× | n/a | n/a |
| JK Tyre & Industries JKTYRE.NS | India | $1.10B | -12% | +13% | 7% | 20.6× | n/a | n/a |
| Kumhotire 073240.KS | South Korea | $1.12B | -9% | +2% | 12% | 4.2× | n/a | n/a |
| TS Tech 7313.T | Japan | $1.25B | -3% | 0% | 2% | 23.3× | n/a | n/a |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | n/a | 5.9% | +8.2% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% | +2.9% |