TVS Holdings Limited (TVSHLTD) AI Stock Analysis

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TVS Holdings Limited

(NSE:TVSHLTD)

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Rating:52Neutral

Price Target:INR 12,312.00▲(1.00% Upside)

Action:reiterated

Date:08/17/26

The score is held back primarily by elevated financial risk—very high leverage and inconsistent/negative free cash flow—despite strong recent revenue growth and improved operating profitability. Technical indicators also point to weak near-term momentum, while a reasonable P/E provides some valuation support.

Positive Factors

Strong Revenue GrowthSustained revenue expansion indicates healthy demand and improving scale across the business rather than a single isolated increase. Continued top-line growth can broaden operating leverage, support reinvestment, and strengthen TVS Holdings’ position over the next several quarters.

Negative Factors

Very High LeverageVery high leverage leaves TVS Holdings with limited balance-sheet flexibility and increases exposure to refinancing and downturn risk in the auto-parts cycle. A smaller equity base also means financial obligations can absorb a greater share of resources when operating conditions weaken.

TVS Holdings Limited (TVSHLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 233.48B
Dividend Yield: 0.71%
Average Volume (3M): 12.92K
Price to Earnings (P/E): 11.4
Beta (1Y): 1.00
Revenue Growth: 34.76%
EPS Growth: 49.39%
Country: India
Employees: 60
Sector: General
Sector Strength: 55
Industry: Auto - Parts

TVS Holdings Limited Business Overview & Revenue Model

Company Description

Originally incorporated as Sundaram-Clayton Limited, TVS Holdings Limited specializes in the production of automotive vehicles and associated components. Its diverse business portfolio further includes offerings such as spare parts and accessories, a...

TVS Holdings Limited Financial Statement Overview

Summary

Income statement momentum is solid (FY2026 revenue up ~28% and improved operating profitability), but the balance sheet is highly levered (debt-to-equity ~5.6x) and cash flow quality is weak/volatile with materially negative free cash flow in FY2026. The high leverage plus uneven cash generation meaningfully increases financial risk despite better operating results.

Income Statement

68Positive

Balance Sheet

38Negative

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	616.17B	581.54B	387.60B	346.29B	298.09B	255.91B
Gross Profit	190.26B	170.51B	113.70B	96.63B	80.71B	87.54B
EBITDA	99.26B	91.42B	6.85B	5.75B	4.93B	29.96B
Net Income	19.70B	16.96B	11.64B	8.00B	6.50B	4.41B
Balance Sheet
Total Assets	0	640.08B	541.81B	447.27B	395.26B	307.10B
Cash, Cash Equivalents and Short-Term Investments	52.29B	46.51B	47.74B	28.49B	39.29B	40.64B
Total Debt	0	373.68B	335.17B	187.93B	257.89B	165.93B
Total Liabilities	-128.92B	511.16B	440.25B	377.35B	334.32B	234.28B
Stockholders Equity	128.92B	64.66B	46.87B	28.40B	32.41B	50.79B
Cash Flow
Free Cash Flow	-4.03B	-23.96B	10.52B	-19.86B	-58.67B	-26.16B
Operating Cash Flow	12.09B	8.98B	35.35B	-8.67B	-43.82B	-15.79B
Investing Cash Flow	-16.14B	-28.25B	-32.27B	15.33B	-14.39B	-17.05B
Financing Cash Flow	8.42B	18.10B	12.09B	2.75B	59.79B	31.16B

TVS Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price12190.45

Price Trends

50DMA12480.70Negative

100DMA13289.23Negative

200DMA13760.07Negative

Market Momentum

MACD-205.29Negative

RSI56.19Neutral

STOCH84.79Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSHLTD, the sentiment is Negative. The current price of 12190.45 is above the 20-day moving average (MA) of 11558.97, below the 50-day MA of 12480.70, and below the 200-day MA of 13760.07, indicating a neutral trend. The MACD of -205.29 indicates Negative momentum. The RSI at 56.19 is Neutral, neither overbought nor oversold. The STOCH value of 84.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVSHLTD.

TVS Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TVSHLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BOSCHLTD	69Neutral	INR 1.39T	58.91	―	0.57%	13.63%	-11.32%
IN:MOTHERSON	68Neutral	INR 1.67T	37.71	―	0.38%	14.02%	32.06%
IN:ENDURANCE	62Neutral	INR 319.65B	32.97	―	0.51%	29.35%	12.93%
IN:MSUMI	60Neutral	INR 233.30B	36.99	―	1.65%	35.93%	11.75%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TVSHLTD	52Neutral	INR 246.64B	11.41	―	0.71%	34.76%	49.39%
IN:BHARATFORG	50Neutral	INR 843.45B	116.45	―	0.49%	17.54%	-31.63%

* General Sector Average

Performance Comparison

IN:TVSHLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TVSHLTD	TVS Holdings Limited	12190.45	-2922.55	-19.34%
IN:BHARATFORG	Bharat Forge Ltd	1726.00	390.73	29.26%
IN:BOSCHLTD	Bosch Limited	47032.80	10258.62	27.90%
IN:ENDURANCE	Endurance Technologies Ltd.	2272.45	-581.85	-20.38%
IN:MOTHERSON	Samvardhana Motherson International Limited	156.55	51.31	48.76%
IN:MSUMI	Motherson Sumi Wiring India Ltd	35.18	-11.79	-25.10%

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: Aug 17, 2026

TVS Holdings Limited AI Stock Analysis

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