TVS Motor Company Ltd (TVSM) is a prominent player in the Indian two-wheeler and three-wheeler manufacturing industry. With a market capitalization of ₹1,12,875cr and a current stock price of ₹2,377, this Indian multinational motorcycle manufacturer is recognized as the third-largest motorcycle company in India by revenue. TVS Motor Company boasts an impressive annual production capacity of over four million vehicles, producing three million units yearly. Notably, it is the second-largest two-wheeler exporter in India, with a presence in over 60 countries.
In this article, we’ll delve into the comprehensive aspects of TVS Motor Company, shedding light on its operations, achievements, and significance in the industry.
About TVS Motor Company
TVS Motor Company boasts a storied history that commenced with T. V. Sundaram Iyengar’s initiation of Madurai’s first bus service in 1911, which laid the foundation for the company’s entry into the transportation business. Over the years, it evolved into a significant player in the automotive industry. In 1962, Sundaram Clayton was founded in collaboration with Clayton Dewandre Holdings, UK, primarily focusing on producing automotive components. The company expanded its footprint in 1976, setting up a manufacturing plant in Hosur and venturing into the two-wheeler market. A significant milestone was reached in 1980 with the launch of the TVS 50, India’s first two-seater moped.
In 1987, a pivotal collaboration with Suzuki Motor Corporation marked the establishment of a joint venture, paving the way for the commercial production of motorcycles in 1989. Today, TVS Motor Company operates manufacturing facilities in Tamil Nadu, Karnataka, and Himachal Pradesh, with a substantial annual production capacity for two-wheelers and three-wheelers. Notable recent launches, like the TVS Jupiter ZX Disc intelligent and collaborations with Marvel Studios, demonstrate TVS’s commitment to innovation and its enduring presence as a leading two-wheeler manufacturer in India and beyond.
One can buy TVS Motor Company shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
TVS Motor Unveils TVS Jupiter 125 with SmartXonnect Technology
TVS Motor Company has introduced the TVS Jupiter 125, equipped with SmartXonnect technology, introducing a new benchmark in the segment. The scooter comes with cutting-edge connected features, emphasizing the importance of staying connected in today’s fast-paced world. Aniruddha Haldar, TVS’s Senior Vice-President for Commuters, Corporate Brand, and Dealer Transformation, highlighted the innovative SmartXtalk and SmartXtrack features, which promise to enhance the riding experience. This move expands TVS’s product range while also offering a technologically advanced solution for modern commuters. The TVS Jupiter 125 is set to significantly impact the market with its pioneering features.
| When | Maximum Price | Minimum Price |
| June 2024 | 2,567.16 | 2,232.31 |
| July 2024 | 2,541.49 | 2,209.99 |
| August 2024 | 2,643.15 | 2,298.39 |
| September 2024 | 2,748.87 | 2,390.33 |
| October 2024 | 2,694.97 | 2,343.46 |
| November 2024 | 2,775.82 | 2,413.76 |
| December 2024 | 2,845.22 | 2,474.10 |
In 2024, TVS Motor’s share price is forecasted to fluctuate between a minimum of 2,209.99 in July and a maximum of 2,845.22 in December, indicating a potential growth trend throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,902.12 | 2,232.40 |
| February 2025 | 2,976.54 | 2,289.64 |
| March 2025 | 3,092.62 | 2,378.94 |
| April 2025 | 3,031.98 | 2,332.29 |
| May 2025 | 2,943.67 | 2,264.36 |
| June 2025 | 3,076.14 | 2,366.26 |
| July 2025 | 3,015.82 | 2,319.86 |
| August 2025 | 3,109.09 | 2,391.61 |
| September 2025 | 3,217.91 | 2,475.32 |
| October 2025 | 3,301.58 | 2,539.68 |
| November 2025 | 3,384.12 | 2,603.17 |
| December 2025 | 3,468.72 | 2,668.25 |
In 2025, TVS Motor’s share price is projected to range from a minimum of 2,232.40 in January to a maximum of 3,468.72 in December, showing a potentially significant upward trajectory throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,572.78 | 2,748.29 |
| February 2026 | 3,664.39 | 2,818.76 |
| March 2026 | 3,807.30 | 2,928.69 |
| April 2026 | 3,732.65 | 2,871.27 |
| May 2026 | 3,623.93 | 2,787.64 |
| June 2026 | 3,787.01 | 2,913.08 |
| July 2026 | 3,712.75 | 2,855.96 |
| August 2026 | 3,827.58 | 2,944.29 |
| September 2026 | 3,961.55 | 3,047.34 |
| October 2026 | 4,064.55 | 3,126.57 |
| November 2026 | 4,166.16 | 3,204.74 |
| December 2026 | 4,270.31 | 3,284.86 |
In 2026, TVS Motor’s share price is anticipated to fluctuate between a minimum of 2,748.29 in January and a maximum of 4,270.31 in December, indicating a potentially strong upward trajectory throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 4,355.72 | 3,350.55 |
| February 2027 | 4,467.41 | 3,436.47 |
| March 2027 | 4,641.63 | 3,570.49 |
| April 2027 | 4,550.62 | 3,500.48 |
| May 2027 | 4,418.08 | 3,398.52 |
| June 2027 | 4,616.89 | 3,551.46 |
| July 2027 | 4,526.37 | 3,481.82 |
| August 2027 | 4,666.36 | 3,589.51 |
| September 2027 | 4,829.68 | 3,715.14 |
| October 2027 | 4,955.25 | 3,811.73 |
| November 2027 | 5,079.13 | 3,907.02 |
| December 2027 | 5,206.11 | 4,004.70 |
In 2027, TVS Motor’s share price is expected to range from a minimum of 3,350.55 in January to a maximum of 5,206.11 in December, suggesting a robust potential for growth and stability throughout the year.
| When | Maximum Price | Minimum Price |
| January 2028 | 5,310.23 | 4,084.79 |
| February 2028 | 5,446.39 | 4,189.53 |
| March 2028 | 5,658.80 | 4,352.92 |
| April 2028 | 5,547.84 | 4,267.57 |
| May 2028 | 5,386.26 | 4,143.27 |
| June 2028 | 5,628.64 | 4,329.72 |
| July 2028 | 5,518.27 | 4,244.83 |
| August 2028 | 5,688.94 | 4,376.11 |
| September 2028 | 5,888.05 | 4,529.27 |
| October 2028 | 6,041.14 | 4,647.03 |
| November 2028 | 6,192.17 | 4,763.21 |
| December 2028 | 6,346.98 | 4,882.29 |
| When | Maximum Price | Minimum Price |
| January 2029 | 6,473.92 | 4,979.94 |
| February 2029 | 6,639.91 | 5,107.63 |
| March 2029 | 6,898.87 | 5,306.82 |
| April 2029 | 6,763.60 | 5,202.77 |
| May 2029 | 6,566.60 | 5,051.23 |
| June 2029 | 6,862.10 | 5,278.54 |
| July 2029 | 6,727.55 | 5,175.04 |
| August 2029 | 6,935.62 | 5,335.09 |
| September 2029 | 7,178.36 | 5,521.82 |
| October 2029 | 7,365.00 | 5,665.38 |
| November 2029 | 7,549.12 | 5,807.02 |
| December 2029 | 7,737.85 | 5,952.19 |
| When | Maximum Price | Minimum Price |
| January 2030 | 7,892.61 | 6,071.24 |
| February 2030 | 8,094.98 | 6,226.91 |
| March 2030 | 8,410.69 | 6,469.76 |
| April 2030 | 8,245.77 | 6,342.90 |
| May 2030 | 8,005.60 | 6,158.16 |
| June 2030 | 8,365.86 | 6,435.27 |
| July 2030 | 8,201.82 | 6,309.09 |
| August 2030 | 8,455.49 | 6,504.22 |
| September 2030 | 8,751.43 | 6,731.87 |
| October 2030 | 8,978.96 | 6,906.90 |
| November 2030 | 9,203.44 | 7,079.57 |
| December 2030 | 9,433.52 | 7,256.56 |
TVS Motor Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (in Crores) | 20,160 | 18,849 | 19,421 | 24,355 | 31,974 |
| Expenses (in Crores) | 17,997 | 16,585 | 17,189 | 21,601 | 27,947 |
| Operating Profit (in Crores) | 2,163 | 2,264 | 2,232 | 2,755 | 4,027 |
| OPM (%) | 11% | 12% | 11% | 11% | 13% |
| Other Income (in Crores) | 25 | 12 | 36 | -5 | 136 |
| Interest (in Crores) | 663 | 855 | 881 | 940 | 1,368 |
| Depreciation (in Crores) | 442 | 556 | 565 | 743 | 859 |
| Profit before Tax (in Crores) | 1,083 | 865 | 822 | 1,067 | 1,936 |
| Tax % | 33% | 25% | 26% | 31% | 32% |
| Net Profit (in Crores) | 725 | 647 | 608 | 731 | 1,309 |
| EPS (in Rs) | 14.83 | 13.15 | 12.51 | 15.93 | 27.97 |
| Dividend Payout % | 24% | 27% | 28% | 24% | 18% |
Over the last five years, TVS Motor has shown a consistent pattern of financial performance, reflecting its strength and resilience in the automotive industry. The company’s sales have steadily increased, with the most recent figure in 2023 reaching ₹31,974 crores, marking significant growth compared to ₹20,160 crores in 2019. This upward trajectory is mirrored in the operating profit, which saw a remarkable increase from ₹2,163 crores in 2019 to ₹4,027 crores in 2023, demonstrating a healthy operating margin.
Moreover, TVS Motor’s profitability remained robust. Net profits climbed from ₹725 crores in 2019 to ₹1,309 crores in 2023, and earnings per share (EPS) followed a similar trend, reaching ₹27.97. The company’s prudent fiscal management is evident in its ability to maintain consistent dividend payouts, with a recent figure of 18% in 2023. Despite economic fluctuations, TVS Motor’s financial condition over the last five years showcases its steady growth and commitment to delivering value to its shareholders and customers in the competitive automotive market.
FAQs
What is TVS Motor Company’s current market capitalization?
TVS Motor’s current market capitalization is ₹1,12,875 Crores.
What is the current share price target for TVS Motor Company?
As of June 26, 2024, TVS Motor Company is trading on ₹2,377.
What is the share price target for TVS Motor in 2025?
The share price target for TVS Motor in 2025 ranges from ₹2,232.40 (minimum) to ₹3,468.72 (maximum).
What is the current PE (Price-to-Earnings) ratio for TVS Motor Company?
The current PE ratio for TVS Motor Company is 66.9
Also Read:
In conclusion, TVS Motor Company has established itself as a prominent and steadily growing player in the Indian automotive industry. Over the past several years, the company’s financial performance reflects a positive trajectory, with notable increases in key financial metrics. The consistent growth in sales, operating profits, and net profits underscores the company’s ability to effectively navigate a competitive market and generate value for shareholders.
One particularly encouraging aspect is the share price targets, which suggest a positive market sentiment and the potential for future growth. The range of price targets for 2024 and the projected values for 2025 and 2030 demonstrate an optimistic outlook for the company’s stock performance. These forecasts, of course, come with the caveat that they are subject to change based on evolving market dynamics and economic conditions. Investors should be mindful of the inherent volatility in financial markets and the impact of external factors such as economic policies, geopolitical events, and global economic trends.
It’s essential to remember that investments in the stock market carry inherent risks, and past performance does not necessarily indicate future results. While TVS Motor has shown consistent growth and financial stability in the recent past, the company operates in a dynamic industry that can be influenced by various external factors. Therefore, making informed investment decisions requires ongoing research and consideration of the broader economic and market context. Seeking the guidance of a financial advisor and maintaining a diversified investment portfolio remain fundamental strategies for managing risk and aligning investments with individual financial goals.
What did we learn?
