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TVS Electronics Limited
(TVSELECT)
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Rating:41Neutral
Price Target:
₹439.00
▼(-11.38% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by weak financial quality: thin profitability and especially poor cash-flow conversion with negative free cash flow across 2023–2026, alongside rising leverage. Technical signals add pressure as the stock trades below key moving averages with bearish momentum. Valuation is a major headwind due to an extremely high P/E and no stated dividend yield.
Positive Factors
Steady revenue growth
Consistent top-line expansion from 2021–2026 indicates the company maintains demand across its product and services mix. Durable revenue growth underpins scale benefits, supports long-term customer relationships and reinvestment capacity even if margins recover slowly.
Negative Factors
Weak cash generation
Persistent negative free cash flow and volatile operating cash flow imply the business is not self-funding after investment needs. Over several months to years this raises reliance on external financing, constrains capex and working-capital flexibility, and increases liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line expansion from 2021–2026 indicates the company maintains demand across its product and services mix. Durable revenue growth underpins scale benefits, supports long-term customer relationships and reinvestment capacity even if margins recover slowly.
Read all positive factors
TVS Electronics Limited (TVSELECT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.19B
Dividend YieldN/A
Average Volume (3M)35.18K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth11.68%
EPS Growth70.28%
CountryIN
Employees982
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.97
Shares Outstanding18,650,318
10 Day Avg. Volume13,106
30 Day Avg. Volume35,177
Financial Highlights & Ratios
PEG Ratio-4.05
Price to Book (P/B)7.06
Price to Sales (P/S)1.49
P/FCF Ratio-176.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TVS Electronics Limited Business Overview & Revenue Model
Company Description
TVS Electronics Limited, through its international and domestic subsidiaries, focuses on the entire lifecycle of electronic products, from initial design and manufacturing to assembly, marketing, sales, and post-sale service. The company's busines...
How the Company Makes Money
TVS Electronics primarily earns revenue by (1) manufacturing and supplying electronic products and components and (2) providing services around those products. Key revenue streams typically include: (a) Electronics manufacturing/EMS: income from c...
TVS Electronics Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.64B | 4.55B | 4.30B | 3.66B | 3.53B | 3.08B |
| Gross Profit | 1.48B | 1.27B | 1.19B | 1.75B | 1.66B | 1.55B |
| EBITDA | 198.20M | 241.20M | 140.80M | 121.50M | 213.10M | 281.10M |
| Net Income | -18.10M | 12.60M | -37.90M | 2.70M | 95.20M | 151.00M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.83B | 2.61B | 2.44B | 2.21B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 107.20M | 119.20M | 120.20M | 294.30M | 229.20M | 448.30M |
| Total Debt | 0.00 | 536.70M | 426.00M | 404.40M | 136.60M | 88.30M |
| Total Liabilities | -959.50M | 1.87B | 1.68B | 1.45B | 1.19B | 1.10B |
| Stockholders Equity | 959.50M | 959.50M | 929.40M | 987.90M | 1.02B | 926.10M |
Cash Flow | ||||||
| Free Cash Flow | -132.50M | -38.30M | -32.60M | -140.30M | -239.80M | 223.40M |
| Operating Cash Flow | -113.80M | 7.10M | 56.10M | 139.40M | -83.40M | 262.30M |
| Investing Cash Flow | -13.40M | -44.10M | 129.40M | -401.90M | 61.40M | -201.70M |
| Financing Cash Flow | 108.90M | 26.70M | -176.80M | 189.40M | 9.20M | -37.80M |
TVS Electronics Limited Technical Analysis
Negative
495.40
Price Trends
485.54
Negative
472.42
Negative
460.10
Negative
Market Momentum
-14.27
Positive
35.79
Neutral
12.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSELECT, the sentiment is Negative. The current price of 495.4 is above the 20-day moving average (MA) of 465.99, above the 50-day MA of 485.54, and above the 200-day MA of 460.10, indicating a bearish trend. The MACD of -14.27 indicates Positive momentum. The RSI at 35.79 is Neutral, neither overbought nor oversold. The STOCH value of 12.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVSELECT.
TVS Electronics Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹52.37B | 22.25 | ― | 0.27% | 110.17% | 31.16% | |
58 Neutral | ₹39.97B | 146.81 | ― | ― | 8.37% | -34.20% | |
56 Neutral | ₹51.99B | 16.09 | ― | 1.17% | 40.44% | 48.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹48.28B | 92.91 | ― | 0.17% | -1.41% | 605.33% | |
47 Neutral | ₹52.86B | 70.84 | ― | ― | 20.93% | 8.26% | |
41 Neutral | ₹8.19B | -456.86 | ― | ― | 11.68% | 70.28% |
* General Sector Average
IN:TVSELECT
TVS Electronics Limited
443.95
38.95
9.62%
IN:CENTUM
Centum Electronics Limited
3,332.85
642.76
23.89%
IN:CCAVENUE
Infibeam Avenues Ltd.
15.27
-0.24
-1.55%
IN:OPTIEMUS
Optiemus Infracom Limited
583.85
23.80
4.25%
IN:RPTECH
Rashi Peripherals Limited
784.30
502.30
178.12%
IN:MOSCHIP
Moschip Technologies Ltd
205.60
40.25
24.34%
TVS Electronics Limited Corporate Events
TVS Electronics Publishes Q1 FY27 Unaudited Results in Leading Dailies
Aug 9, 2026
TVS Electronics Limited has published its unaudited financial results for the quarter ended 30 June 2026 in leading newspapers, including the all-India English daily Financial Express and the Tamil daily Makkal Kural. The disclosures, made in line...
TVS Electronics Discloses GST Dispute Over Input Tax Credit
Jul 24, 2026
TVS Electronics Limited has disclosed a material pending litigation involving a show-cause notice from the Delhi Goods Services Tax Department for the period April 2022 to March 2023. The notice alleges excess availment of input tax credit under ...
TVS Electronics releases Q4 and FY26 earnings presentation
May 24, 2026
TVS Electronics Limited has notified the stock exchanges that it has released its earnings presentation for the fourth quarter and full financial year FY26, in compliance with SEBI’s disclosure regulations. The company has shared this invest...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.