TVS Holdings financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹20,183cr+38.7% on Q2 FY26
Net profit
₹1,286cr+46.1% on Q2 FY26
EBITDA margin
15.2%−0.5 pts on Q2 FY26
EPS
₹313.76+43.3% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue20,18314,549+38.7%
EBITDA3,0572,273+34.5%
EBITDA margin15.2%15.6%−0.5 pts
Profit before tax1,9961,294+54.3%
Net profit1,286880+46.1%
EPS₹313.76₹218.89+43.3%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹20,183 crNet profit₹1,286 crNet margin6.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
24,681————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
6,6754,6214,7072,8214,103
7,4816,4265,469—2,804
36,15636,15632,48826,23225,013
61,643————
68,12258,15544,99340,24833,564
—+29.3%+11.8%+19.9%—
10,7249,1636,9185,8744,248
15.7%15.8%15.4%14.6%12.7%
9,2387,7575,8524,8443,263
4,2943,3902,4091,7821,333
6.3%5.8%5.4%4.4%4.0%
₹1,068.33₹837.79₹575.19₹395.45₹320.97
—+45.7%+45.5%+23.2%—
—1,1373,535−867−4,111
—−3,293−2,483−1,120−1,485
−2,156−2,1561,052−1,986−5,596
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

TVSHLTD₹12,194.00

TVS Holdings Limited

· Banking & Finance
₹ CrorePeersJSWHLPILANIINVSNSILRANEHOLDINKICLSCILALBFINVESTSUMMITSECMcap ₹24,681 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————24,680.7
- Cash, Equiv & ST Investments4,102.92,820.94,707.04,621.46,674.8
+ Minority Interest2,804.2—5,469.06,426.47,481.1
+ Total Debt25,013.026,232.532,488.036,156.336,156.3
Enterprise Value————61,643.2
Revenue33,564.240,247.644,993.258,154.568,121.9
Growth %, YoY—+19.9+11.8+29.3—
EBITDA4,248.45,873.96,918.59,163.210,724.5
Margin %12.6614.5915.3815.7615.74
EBIT3,262.64,843.95,851.67,757.49,237.6
Net Income1,333.21,782.42,409.33,390.24,294.0
Margin %3.974.435.355.836.30
EPS, Adj (current shares)320.97395.45575.19837.791,068.33
Growth %, YoY—+23.2+45.5+45.7—
Cash from Operations-4,110.6-866.63,534.91,137.3—
Capital Expenditures-1,485.2-1,119.8-2,482.6-3,293.1—
Free Cash Flow-5,595.9-1,986.31,052.3-2,155.8-2,155.8
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

TVS Holdings financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

TVS Holdings (NSE: TVSHLTD) had a market capitalisation of ₹24,681 crore at the previous close (₹12,194.00 a share), a PE ratio of 11.4 on the last four quarters' profit and a price-to-book ratio of 3.69. In FY26 its consolidated net profit attributable to shareholders was ₹1,696 crore on revenue of ₹58,155 crore; in Q2 FY27 (July–September 2026) it was ₹635 crore, up 43.3% year on year. Its debt-to-equity ratio was 3.21 on 30 September 2026. Promoters held 74.45% of the shares on 30 September 2026.

TVS Holdings Q2 FY27 results
filed 28 October 2026
Share price used
₹12,194.00 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

TVS Holdings at a glance · consolidated

Market cap
₹24,681 Crat ₹12,194.00 · previous close
PE ratio (last 4 quarters)
11.414.6 on FY26 profit
Price to book (PB)
3.69book value ₹3,308.81 a share
ROE (FY26)
30.4%
Debt to equity
3.21net debt ₹37,254 Cr
Promoter holding
74.45%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.71%₹86 a share in 12 months
Net worth
₹6,697 Cr+21.5% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
−₹2,156 Cr

Questions

What is the TVS Holdings PE ratio today?

TVS Holdings' PE ratio is 11.4 at the previous close (₹12,194.00 a share): a market capitalisation of ₹24,681 crore divided by consolidated net profit attributable to shareholders of ₹2,162 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹1,696 crore) it is 14.6.

What is the TVS Holdings PB ratio (price to book value)?

TVS Holdings' price-to-book (PB) ratio is 3.69 at the previous close: a market capitalisation of ₹24,681 crore divided by shareholders' equity (book value) of ₹6,697 crore on 30 September 2026. That is a book value of ₹3,308.81 per share against a share price of ₹12,194.00.

What is the TVS Holdings debt to equity ratio?

TVS Holdings' debt-to-equity ratio was 3.21 on 30 September 2026: borrowings, debt securities, deposits and subordinated debt of ₹45,553 crore against total equity of ₹14,178 crore. A year earlier, on 30 September 2025, it was 3.16.

What is the TVS Holdings market cap?

TVS Holdings' market capitalisation was ₹24,681 crore at the previous close: 2.02 crore shares at ₹12,194.00 each.

Is TVS Holdings debt free?

No. TVS Holdings had borrowings of ₹45,553 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 3.21. Its cash and current investments were ₹8,299 crore, so its net debt was ₹37,254 crore.

What is the TVS Holdings dividend in 2026 and its record date?

In 2026, TVS Holdings has declared one dividend: ₹86 (interim) with record date 2 April 2026.

What is the TVS Holdings net worth?

TVS Holdings' net worth — shareholders' equity in its consolidated balance sheet — was ₹6,697 crore on 30 September 2026, up 21.5% from ₹5,513 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹24,681 crore at the previous close.

What is the TVS Holdings book value per share?

TVS Holdings' book value per share was ₹3,308.81 on 30 September 2026: shareholders' equity of ₹6,697 crore divided by the 2.02 crore shares in issue, up 21.5% from ₹2,723.85 a year earlier. The share price at the previous close was ₹12,194.00.

What is the TVS Holdings dividend yield?

TVS Holdings' dividend yield is 0.71% at the previous close: dividends of ₹86 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹12,194.00. They were ₹86 on 2 April 2026 (interim).

What is the TVS Holdings ROE and ROCE?

In FY26, TVS Holdings' return on equity (ROE) was 30.4%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year).

What is the TVS Holdings EPS?

TVS Holdings' basic earnings per share (EPS) were ₹838.12 in FY26, against ₹575.41 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹1,068.75.

What is the TVS Holdings promoter holding?

Promoters held 74.45% of TVS Holdings on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the TVS Holdings shareholding pattern?

On 30 September 2026, TVS Holdings' shares were held by promoters 74.45%, foreign portfolio investors (FII/FPI) 3.10%, domestic institutions (DII) 9.54% (including mutual funds at 7.28%) and retail and other non-institutional investors 12.90%. Over the year, FII holding was up 0.10 percentage points from 3.00% and DII holding was down 0.33 percentage points from 9.87%.

What are the TVS Holdings latest quarterly results?

TVS Holdings' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit attributable to shareholders ₹635 crore, up 43.3% from ₹443 crore in Q2 FY26; revenue from operations ₹20,183 crore, up 38.7% year on year.

TVS Holdings vs JSW Holdings: how do they compare?

In FY26, TVS Holdings earned net profit attributable to shareholders of ₹1,696 crore on revenue of ₹58,155 crore, against ₹147 crore on ₹179 crore for JSW Holdings. TVS Holdings' operating margin was 13.3% (JSW Holdings 92.2%) and its return on equity 30.4% (JSW Holdings 0.5%).

What is the TVS Holdings free cash flow?

In FY26, TVS Holdings generated ₹1,137 crore of cash from operations and spent ₹3,293 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹2,156 crore. In FY25 it was ₹1,052 crore.

What is the TVS Holdings revenue and profit in FY26?

In FY26 (April 2025–March 2026), TVS Holdings' consolidated net profit attributable to shareholders was ₹1,696 crore, up 45.7% from ₹1,164 crore in FY25, on revenue from operations of ₹58,155 crore (up 29.3%). Over three years, from FY23, net profit was up 161.0%.

When are the TVS Holdings next results?

TVS Holdings has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does TVS Holdings compare with its peers?

On FY26 consolidated figures, against JSW Holdings, Pilani Investment and Industries Corporation and Nalwa Sons Investments: TVS Holdings' return on equity of 30.4% is the highest of the four (JSW Holdings 0.5%, Pilani Investment and Industries Corporation 0.2%, Nalwa Sons Investments 0.3%; peer average 0.3%); its revenue growth over three years of 20.1% a year is the highest of the four (JSW Holdings −23.9% a year, Pilani Investment and Industries Corporation 0.5% a year, Nalwa Sons Investments −8.4% a year; peer average −10.6% a year).

Where do these TVS Holdings figures come from?

From TVS Holdings' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.