Operates as a listed Core Investment Company (NBFC-CIC), consolidating the operations of its subsidiaries. Of FY26 consolidated revenue of Rs 58,154.5 cr, the Automotive Vehicles & Parts segment contributed 83.7% (Rs 48,909.7 cr, segment EBIT Rs 3,994.18 cr) and the Financial Services segment contributed 16.3% (Rs 9,518.69 cr, segment EBIT Rs 1,511.38 cr). The Financial Services revenue flows through subsidiary Home Credit India Finance, an RBI-registered NBFC offering consumer durable and cash loans. On a standalone basis the holding company has no manufacturing, 60 permanent employees and one Chennai office, with standalone turnover of Rs 516.34 cr. During FY26 the holding company invested Rs 526.79 cr into Home Credit India via a rights issue at Rs 26.78 per share and issued Rs 650 cr in NCDs; subsidiary Home Credit India separately signed a deal to acquire 100% of education-finance NBFC Varthana Finance for Rs 967 cr in cash, subject to RBI approval. The largest cost line is materials at 57.2% of consolidated revenue, consistent with the automotive vehicles and parts operations carried out through its subsidiaries. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive Vehicles & Parts (84%), Financial Services (16%). Listed Core Investment Company consolidating automotive vehicles & parts and NBFC lending subsidiaries
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 25,591 | 33,564 | 40,248 | 44,993 | 58,155 |
| EBITDA (ex other income) | 2,976 | 4,337 | 5,869 | 6,918 | 9,113 |
| margin % | 11.6 | 12.9 | 14.6 | 15.4 | 15.7 |
| Owners' profit | 441 | 650 | 800 | 1,164 | 1,696 |
| EPS, as reported (₹) | 217.84 | 321.10 | 395.60 | 575.41 | 838.12 |
| ROE % · ROCE % | 11.3 · 13.6 | 22.1 · 20.4 | 25.5 · — | 23.7 · — | 26.3 · — |
| Debt / equity (x) | 2.20 | 4.14 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1,548) | (4,111) | (867) | 3,535 | 1,137 |
| Capex | (1,036) | (1,485) | (1,120) | (2,483) | (3,293) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,554 | 11,459 | 11,800 | 12,742 | 14,549 | 15,276 | 15,588 | 17,076 |
| Profit before tax | 920 | 1,046 | 972 | 1,029 | 1,294 | 1,417 | 1,420 | 1,707 |
| Net profit | 599 | 685 | 644 | 675 | 880 | 969 | 865 | 1,174 |
| EPS (₹) | 137.54 | 190.81 | 139.87 | 165.85 | 218.89 | 243.75 | 209.62 | 301.62 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Automotive Vehicles & Parts | 48,910 | 83.7 |
| b) Financial Services | 9,519 | 16.3 |
| Total, before eliminations | 58,428 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,51,806 | 71.4 | 1.13 | 64.0 | 1.2 | — | — | 70.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · TVS Holdings allots bonus preference shares 46:1 under restructuring scheme | corporate actions | high | — | — |
| 5 Sept 2026 · TVS Holdings gets AA+ rating for new preference share issue | credit debt | medium | — | — |
| 27 Aug 2026 · TVS Holdings fixes record date for 46:1 bonus preference shares | corporate actions | high | — | — |
| 27 Aug 2026 · NCLT sanctions TVS Holdings bonus preference share scheme 46 to 1 | strategic transactions | high | — | — |
| 27 Aug 2026 · NCLT approves TVS Holdings bonus preference share scheme | regulatory legal | high | — | — |
| 19 Aug 2026 · NCLT sanctions TVS Holdings bonus preference share scheme | strategic transactions | high | — | — |
| 5 Aug 2026 · Subsidiary NBFCs of TVS Holdings approve composite amalgamation scheme | strategic transactions | high | — | — |
| 31 Jul 2026 · Newspaper notice on special window for physical share transfer and demat | compliance | minimal | — | — |
| 22 Jul 2026 · TVS Holdings AGM 2026: all 3 resolutions passed, Srinivasan re-appointed | board shareholder meetings | low | — | — |
| 22 Jul 2026 · TVS Holdings 64th AGM Proceedings held on July 22, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| ADITYA BIRLA CAPITAL LTD. |
| 1,08,001 |
| 25.2 |
| 2.94 |
| 6.3 |
| 10.5 |
| — |
| 18.8 |
| 40.8 |
| L&T FINANCE LIMITED | 77,411 | 24.3 | 2.76 | 6.7 | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 32,839 | 76.2 | 1.12 | 90.8 | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 28,902 | 10.8 | 0.85 | 0.9 | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED ◆ | 26,292 | 13.3 | 2.04 | 2.4 | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 14,802 | 53.1 | 0.54 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,763 | 92.9 | 0.39 | 78.3 | 0.4 | — | 14.1 | 84.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.3 | 23.7 | 18 of 52 | 67% |
| P/B | 2.0 | 0.7 | 43 of 60 | 29% |
| ROE | 26.3 | 1.3 | 3 of 67 | 97% |
| Debt / Equity | 0.0 | 0.0 | 1 of 67 | 15% |
| EBITDA margin | 16.4 | 61.6 | 47 of 62 | 25% |
| Revenue growth | 34.0 | 13.6 | 20 of 56 | 66% |
| Profit growth | 73.8 | 10.7 | 21 of 66 | 69% |
| Market cap | 26292 | 376 | 6 of 65 | 92% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
