TVS Motor Company Limited has informed the Exchange about Credit Rating
TVSMOTOR · price
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CARE Ratings has reaffirmed TVS Motor's credit ratings across all its bank facilities and instruments, maintaining a 'Stable' outlook. The long-term bank facility limit was enhanced from Rs. 1,700 crore to Rs. 2,500 crore, and a fresh rating of CARE AA+; Stable was assigned to a new Rs. 25 crore non-convertible debenture. CARE highlighted TVS Motor's strong market position, with two-wheeler market share improving to 19.4% in FY25 and EV market share rising to 20.7%. The company's revenue grew 13.1% YoY to Rs. 37,461.82 crore, and net debt/PBILDT improved to 0.78x from 1.03x, reflecting strong financial health and comfortable liquidity of Rs. 1,008.20 crore in cash and investments.
Reaffirmation of the high investment-grade AA+ rating with a Stable outlook signals continued financial strength and lower borrowing risk for shareholders. The enhancement in bank facility limits and new debenture assignment also indicate healthy lender confidence, which is mildly positive for the stock.