TVS Electronics Limited (TVSELECT) AI Stock Analysis

TVS Electronics Limited

(NSE:TVSELECT)

Select Model

Rating:44Neutral

Price Target:INR 403.00▲(11.03% Upside)

Action:reiterated

Date:10/01/26

The overall score of 44 reflects significant fundamental and technical weaknesses. The primary detractors are the company's lack of profitability, persistent negative free cash flow, and a deeply negative P/E ratio. Compounding these fundamental issues is weak market momentum, as the stock trades below major long-term moving averages, presenting notable downside risks for investors.

Positive Factors

Steady Revenue ExpansionRevenue growth across 2021–2026 indicates the company has continued expanding its top line rather than relying solely on a shrinking installed base. Continued sales growth can broaden the scale of its EMS, peripherals, POS and support activities, creating a base for future operating improvement.

Negative Factors

Weak Self-Funding Cash GenerationNear-zero operating cash flow and repeated negative free cash flow indicate that reported earnings are not translating into internally generated funds. This limits the company’s ability to finance investment, working-capital needs and growth without relying more heavily on external funding.

TVS Electronics Limited (TVSELECT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 6.78B
Dividend Yield: ―
Average Volume (3M): 5,245
Price to Earnings (P/E): -374.9
Beta (1Y): 1.13
Revenue Growth: 11.68%
EPS Growth: 70.28%
Country: India
Employees: 982
Sector: General
Sector Strength: 55
Industry: Computer Hardware

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 business i...

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 cont...

TVS Electronics Limited Financial Statement Overview

Summary

Despite consistent top-line revenue growth, profitability has severely contracted with razor-thin margins. Cash generation is a major concern, marked by four consecutive years of negative free cash flow, which has forced the company to increasingly rely on debt and weakened its balance sheet.

Income Statement

45Neutral

Balance Sheet

60Neutral

Cash Flow

35Negative

Financial statement breakdown
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	121.60M	213.10M	281.10M
Net Income	-18.10M	12.60M	-37.90M	2.70M	95.20M	151.00M
Balance Sheet
Total Assets	0	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	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

Technical Analysis SentimentNegative

Last Price362.95

Price Trends

50DMA401.06Negative

100DMA444.00Negative

200DMA432.68Negative

Market Momentum

MACD-10.31Positive

RSI36.50Neutral

STOCH12.68Positive

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 362.95 is below the 20-day moving average (MA) of 380.69, below the 50-day MA of 401.06, and below the 200-day MA of 432.68, indicating a bearish trend. The MACD of -10.31 indicates Positive momentum. The RSI at 36.50 is Neutral, neither overbought nor oversold. The STOCH value of 12.68 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TVSELECT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CCAVENUE	66Neutral	INR 40.18B	22.25	―	―	110.17%	23.73%
IN:MOSCHIP	66Neutral	INR 29.71B	108.68	―	―	-1.01%	-135.70%
IN:CENTUM	57Neutral	INR 58.94B	111.26	―	0.13%	-1.41%	605.33%
IN:RPTECH	56Neutral	INR 52.10B	16.23	―	0.25%	40.44%	48.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:OPTIEMUS	52Neutral	INR 71.15B	95.69	―	―	20.93%	7.92%
IN:TVSELECT	44Neutral	INR 6.77B	-374.90	―	―	11.68%	70.28%

* General Sector Average

Performance Comparison

IN:TVSELECT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TVSELECT	TVS Electronics Limited	362.95	-242.50	-40.05%
IN:CENTUM	Centum Electronics Limited	3992.90	1533.18	62.33%
IN:CCAVENUE	Infibeam Avenues Ltd.	120.47	-73.83	-38.00%
IN:OPTIEMUS	Optiemus Infracom Limited	789.05	203.65	34.79%
IN:RPTECH	Rashi Peripherals Limited	784.60	455.51	138.41%
IN:MOSCHIP	Moschip Technologies Ltd	152.20	-95.30	-38.51%

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 wi...

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 unde...

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.

Date of analysis: Oct 01, 2026

TVS Electronics Limited AI Stock Analysis