TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 28643.00 Crore) operating in Auto sector.
TVS Motor Company Ltd. key Products/Revenue Segments include Automobile – 2 & 3 Wheelers, Accessories & Spares, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 6491.18 Crore, up 38.34 % from last quarter Total Income of Rs 4692.03 Crore and up 23.18 % from last year same quarter Total Income of Rs 5269.59 Crore. Company reported net profit after tax of Rs 232.82 Crore in latest quarter.
Investment Rationale
The brokerage values TVS on a SOTP basis, standalone business at 22x FY23E EPS (Rs.631/share) and TVS Credit Services at 1.0x trailing BV (Rs.38/share) to arrive at a target price of Rs.669/share and reiterate rating as buy due to significant correction in price.
Promoter/FII Holdings
Promoters held 52.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.77 per cent, DIIs 25.16 per cent.
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