In Week of Mar 28, 2026, TVS Motor Company Ltd (Auto - 2 & 3 Wheelers) is outperforming Nifty 500 with +6.4% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Resolution of magnet supply constraints enabling 50,000+ additional EV units quarterly
Impact: +₹350 Cr revenue
“CEO stated: 'EV supply, particularly for the iQube and Orbiter, is recovering from magnet availability issues, with full supplies expected soon'”
What: 35% YoY international sales growth with new market entries accelerating
Impact: +₹250 Cr revenue
“CEO stated: 'International sales increased by 35%, surpassing the industry growth of 23%'”
What: Norton motorcycle launch targeting premium segment with high-margin products
Impact: +₹425 Cr revenue
“CEO stated: 'Norton is preparing for market entry in 2026, with significant investments in technology and marketing'”
Earnings deceleration risks from management commentary
Trigger: Prices rise >15%
Impact: -125 bps margin impact
Management view: CEO acknowledged: 'Commodity inflation, particularly in precious metals like platinum and palladium, poses a cost challenge'.
Monitor: Precious metals price index
Trigger: No improvement in European demand
Impact: -50 bps margin impact
Management view: CEO stated: 'Europe continues to face growth challenges, with no immediate improvement expected'
Monitor: European two-wheeler sales data
Key quotes from recent conference calls
“We are operating at near full capacity with some supply chain constraints that we're addressing through planned capacity expansion — Kunnath Radhakrishnan”
“TVS Motor manages commodity inflation through a combination of scale benefits, cost reduction programs, and strategic price increases. Recently, a 0.2% to 0.3% price increase was implemented — Kunnath Radhakrishnan”
“Due to GST benefits, the industry is expected to see growth upwards of 15% in Q4. For the year as a whole, a 9% growth is anticipated — Kunnath Radhakrishnan”
“We are confident about the industry's long-term CAGR of 8% to 9%, driven by infrastructure improvements and mobility needs — Kunnath Radhakrishnan”
Forward-looking targets from management for FY26
Revenue Growth Target
9%
Implied PAT Growth
8%
Capex Plan
₹1200 Cr
Credit Growth Target
21%
Key Milestones
• Norton market entry in Q2 FY27
• EV production at full capacity by Q1 FY27
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +34% | +22% | Accelerating |
| PAT (Net Profit) | +46% | +48% | Stable |
| OPM | 15.0% | 0 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
TVS Motor Company Ltd's latest quarterly results (Dec 2025) show
TVS Motor Company Ltd's profit is growing with an stable trend.
TVS Motor Company Ltd's revenue growth trend is accelerating.
TVS Motor Company Ltd's operating margin is expanding.
TVS Motor Company Ltd's long-term compounding rates
TVS Motor Company Ltd's earnings growth is stable with mixed signals on a sequential basis.
TVS Motor Company Ltd's trailing twelve month (TTM) performance
TVS Motor Company Ltd appears undervalued based on our fair value analysis.
TVS Motor Company Ltd's current PE ratio is 56.1x.
TVS Motor Company Ltd's current PE is 56.1x.
TVS Motor Company Ltd's price-to-book ratio is 20.1x.
TVS Motor Company Ltd is rated Average with a fundamental score of 54.07/100. This score is calculated from objective financial metrics
TVS Motor Company Ltd has a debt-to-equity ratio of N/A.
TVS Motor Company Ltd's return ratios over recent years
TVS Motor Company Ltd's operating cash flow is positive (FY2025).
TVS Motor Company Ltd's current dividend yield is 0.35%.
TVS Motor Company Ltd's shareholding pattern (Dec 2025)
TVS Motor Company Ltd's promoter holding has remained stable recently.
TVS Motor Company Ltd has been outperforming Nifty 500 for 1 consecutive week, indicating early-stage outperformance.
TVS Motor Company Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
TVS Motor Company Ltd has 3 key growth catalysts identified from recent earnings analysis
TVS Motor Company Ltd has 2 key risks worth monitoring
In Q3 FY26, TVS Motor Company Ltd's management highlighted
TVS Motor Company Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why TVS Motor Company Ltd may be worth studying
TVS Motor Company Ltd investment thesis summary:
TVS Motor Company Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
