# TVS Supply Chain Solutions share price today (TVS Supply Chain Solutions Ltd, NSE: TVSSCS)

> TVS Supply Chain Solutions share price today: ₹110.63 at the NSE close on 3 November 2026, down 14.3% in a year. TVS Supply Chain Solutions (NSE: TVSSCS) is worth ₹4,867 crore, trades at a P/E of 68.7 and has closed between ₹93.96 and ₹141.66 over the past 52 weeks. > TVS Supply Chain Solutions Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. TVSSCS · Logistics - Warehousing/Supply Chain · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/tvs-supply-chain-solutions-ltd

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## Key numbers

- Price: ₹110.63 (−14.3% in a year)
- P/E: 68.7× (higher than 64% of the last 3.2 years)
- Revenue (Jun 2026): ₹3,335 Cr (+28.7% on a year ago)
- Profit (Jun 2026): ₹22.0 Cr (−69.0% on a year ago)
- Operating margin: 7.0% (flat on a year ago)
- ROCE: 10%, FY26
- ROIC: 4.8%, against a 12.0% cost of capital: −7.2 points
- Profit that came in as cash: 931%, last 2 years

Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. ## What is the TVS Supply Chain Solutions share price today? TVS Supply Chain Solutions Ltd's share price was ₹110.63 at the close on 3 November 2026. It has been rising for 20 weeks. That is 10.9% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running. In the last 52 weeks it traded between ₹94 and ₹142, and at that close it sat 35% of the way up from that low. Over the last 3.2 years the share price moved −44% while the NIFTY 500 moved +29%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at TVS Supply Chain Solutions this quarter? 1. Profit fell in the June 2026 quarter Profit was ₹22 crore, -69% on a year earlier (₹71 crore), after 4 quarters of growth. Why: Profit fell because last year's profit included a one-off gain from an InvIT (a listed infrastructure fund) and exceptional items, while this year's profit came from operations. Next results: check whether profit grows faster than revenue, as management expects. From the earnings call on 11 Aug 2026. 2. Revenue up on a year earlier for 10 quarters in a row In the June 2026 quarter revenue was ₹3,335 crore, +28.7% on a year earlier. Why: Revenue rose because the company moved more ocean and air freight and won new customer business. Next results: check whether new business wins keep revenue growing. From the earnings call on 11 Aug 2026. ## What are TVS Supply Chain Solutions' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), TVS Supply Chain Solutions reported revenue of ₹3,335 crore, up 28.7% from ₹2,592 crore a year earlier, and a profit of ₹22.0 crore, down 69.0% from ₹71.0 crore. ### TVS Supply Chain Solutions results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,335 crore | ₹2,592 crore | +28.7% |
| Profit | ₹22.0 crore | ₹71.0 crore | −69.0% |
| Earnings per share | ₹0.47 | ₹1.60 | −70.6% |
| Operating margin | 7.0% | 7.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). TVS Supply Chain Solutions' management discussed these results on a call held on 11 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the TVS Supply Chain Solutions share price history? TVS Supply Chain Solutions closed at ₹110.63 on 3 November 2026, down 14.3% from ₹129.05 a year earlier (31 October 2025) and down 48.3% over three years. Its highest weekly close since August 2023 was ₹230.90 on 8 September 2023. ### TVS Supply Chain Solutions share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹108.75 | +1.7% |
| 1 month ago · 1 Oct 2026 | ₹128.42 | −13.9% |
| 6 months ago · 30 Apr 2026 | ₹114.51 | −3.4% |
| 1 year ago · 31 Oct 2025 | ₹129.05 | −14.3% |
| 3 years ago · 3 Nov 2023 | ₹213.85 | −48.3% |
| Earliest weekly close in our records · 25 Aug 2023 | ₹197.05 | −43.9% |
| Highest weekly close since August 2023 · 8 Sep 2023 | ₹230.90 | −52.1% |
| Lowest weekly close since August 2023, also the 52-week low · 23 Jan 2026 | ₹93.96 | +17.7% |
| 52-week high (weekly close) · 10 Jul 2026 | ₹141.66 | −21.9% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (172 weekly closes from 25 August 2023 to 3 November 2026.)

## What is the latest news on TVS Supply Chain Solutions? 3 Nov 2026: TVS Supply Chain Solutions closed at ₹110.63, up 1.7% on the week and down 13.9% on the month. 11 Aug 2026: TVS Supply Chain Solutions held its results call for April to June 2026. Management guided: FY27 revenue growth in the mid-teens; Q2 opening volumes tracking Q1 and profit growth expected to outpace revenue. ### Earlier

- Results for April to June 2026: Revenue up 28.7% and profit down 69.0% on a year earlier. - Our read, 27 Jun 2026: The ISCS segment expanded margins to 9.3% in the final quarter of FY26, driven by Project One cost savings and North America scale-up, real operational progress. However, the Jun 2025 quarter profit of 71 crore included a 95 crore one-time other income from a TVS ILP InVIT transaction, masking thin underlying operating profit. ### Our read of the business

The ISCS segment expanded margins to 9.3% in the final quarter of FY26, driven by Project One cost savings and North America scale-up, real operational progress. However, the Jun 2025 quarter profit of 71 crore included a 95 crore one-time other income from a TVS ILP InVIT transaction, masking thin underlying operating profit. January to March 2026: First 3,000 crore quarter; ISCS margin 9.3% is the genuine headline, but consolidated profit thin at 18 crore on GFS drag. (Our read after the January to March 2026 results, written 27 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What dividend does TVS Supply Chain Solutions pay? TVS Supply Chain Solutions has paid no dividend on the NSE since its first NSE close in our records (25 August 2023), the start of the period we checked. No. TVS Supply Chain Solutions Ltd paid out 0% of its profit as dividends in each of its last 9 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did TVS Supply Chain Solutions management say on the latest results call? On the call for April to June 2026, held on 11 August 2026, TVS Supply Chain Solutions' management guided: FY27 revenue growth in the mid-teens; Q2 opening volumes tracking Q1 and profit growth expected to outpace revenue. > “We firmly believe in profitable growth. We are not a company that will pursue growth while ignoring profits. All the projects we win and take on are accretive to our existing margins. > Vikas Chadha, on the call for April to June 2026

### What management guided

- Adjusted profit before tax margin at 4% by FY28; FY27-end remains an aspiration rather than a firm commitment. - New ISCS contracts goal 8.5-9% steady-state margin and stabilize within 1-2 quarters; Q2 margin expected at 9%. - ISCS operating margin approximately 9.5-10% by Q4. - GFS growth to remain very high double-digit and margin broadly around current levels without material dilution. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/47571/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 11 August 2026.)

## What could change the TVS Supply Chain Solutions story? What are the risks? ISCS order conversion rate declines below 20% for two consecutive quarters, or Europe profitability reverts on a new large project exit, the two mechanisms that have previously impaired ISCS delivery. ### Each change stops working if

- : ISCS order conversion rate declines below 20% for two consecutive quarters, or Europe profitability reverts on a new large project exit, the two mechanisms that have previously impaired ISCS delivery. - : India ISCS new business wins fall below 250 crore per quarter for two consecutive quarters, or Swami and Sons fails to show margin accretion by the September 2026 quarter. ### The main risks

- : Management consistency pattern: three guidance misses in nine months across GFS recovery, revenue growth, and European disclosure, plus institutional shareholders reducing positions. ✓ fact
- : Lease-driven balance sheet expansion: debt up 667 crore in FY26 to 2,755 crore as the logistics network scales through leased warehousing and fleet. ✓ fact
- : GFS freight rate environment: sea freight rates under structural pressure and the revised 5-6.5% margin goal lacks a named operational trigger beyond external rate normalization. ✓ fact

(Our read after the January to March 2026 results, written 27 June 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in TVS Supply Chain Solutions' next results? When TVS Supply Chain Solutions reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: ISCS margin recovery - check whether implementation costs unwind and new sites deliver sequential improvement. - What to check (from the call)
- ISCS margin recovery - check whether implementation costs unwind and new sites deliver sequential improvement. - GFS volume and margin durability - check whether freight volatility avoids dilution as capacity conditions evolve. - New-business conversion into profit - check whether recent wins translate into stronger consolidated profit before tax. - Swamy & Sons integration - check acquired operations' revenue and margin contribution after the first partial-quarter inclusion. ## Which stock lists is TVS Supply Chain Solutions on? TVS Supply Chain Solutions is not on any of our India lists this week. ## Is TVS Supply Chain Solutions profitable? TVS Supply Chain Solutions Ltd earned ₹22.0 Cr of net profit in the Jun 2026 quarter, −69.0% on the same quarter a year earlier. Full-year FY26 profit was ₹117 Cr. Over 8 years profit has grown 23.9% a year on average. That is 0.7% of the quarter's revenue. The same quarter a year earlier earned ₹71.0 Cr. 3 of the last 12 reported quarters were loss-making. FY26-Q4. revenue ₹3,032 Cr and profit ₹18 Cr as reported. FY27-Q1. revenue ₹3,335 Cr and profit ₹22 Cr as reported. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## How much revenue does TVS Supply Chain Solutions make, and is it growing? TVS Supply Chain Solutions Ltd reported ₹3,335 Cr of revenue in the Jun 2026 quarter, +28.7% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 8 years it has grown 31.6% a year on average. The last full year, FY26, came in at ₹11,003 Cr. The last four reported quarters add to ₹11,746 Cr. FY26 revenue was ₹11,003 Cr, +10.1% on the year before. Recent pace: the last four quarters grew +16.8% on average, against 31.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.9%, against +11.5% a year over the last 8 quarters (accelerating). FY26-Q4. revenue ₹3,032 Cr and profit ₹18 Cr as reported. FY27-Q1. revenue ₹3,335 Cr and profit ₹22 Cr as reported. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does TVS Supply Chain Solutions keep? TVS Supply Chain Solutions Ltd's operating margin was 7.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 9 years it has been between 0.0% and 8.0%. The latest quarter is within that range. Why this happened. GFS segment revenue grew 11.4% in FY26 to 2,764 crore, with the fourth quarter up 34.8% year-on-year as India ocean freight volumes surged. The segment's path to the management-revised goal of 5-6.5% EBITDA margin from 2.4% current requires external freight rate stabilization, rates remain structurally under pressure and management explicitly acknowledges pricing volatility. The margin upgrade from the prior steady-state guidance of 3.5-4% lacks a named operational driver beyond volume and rate recovery. Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed −1.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged. FY26-Q4. revenue ₹3,032 Cr and profit ₹18 Cr as reported. FY27-Q1. revenue ₹3,335 Cr and profit ₹22 Cr as reported. Why-sources: our stock research file (27 June 2026) and the company’s own results for those quarters. ## Is TVS Supply Chain Solutions' profit turning into cash? Over the last 2 years, 931% of TVS Supply Chain Solutions Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹746 Cr of operating cash against ₹117 Cr of profit. After ₹1,197 Cr of spending on assets, free cash was −₹451 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 931% of profit came in as cash: the cash cycle got 141 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does TVS Supply Chain Solutions' cash go? TVS Supply Chain Solutions Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −170 days in FY26, up from −311 days in FY21. It spent ₹2,214 Cr on assets over the last 3 years. Customers take 55 days to pay, and stock sits for 95 days on average. Why this happened. TVS SCS expanded its Fortune 500 customer base from 91 to 100 customers in FY26. Average customer tenure in India is 4.1 years, with Europe at 7.5 years, metrics that support the switching-cost and long-term contract narrative. The Swami and Sons acquisition adds FMCG and consumption supply chain capability to India ISCS with management expecting margin-accretive contribution in FY27 on annualized revenue of 200 crore. At FY26 sales of ₹11,003 Cr, each day of that cycle ties up about ₹30.1 Cr, so roughly −₹5,125 Cr is tied up in the business at any time. FY26: customers took 55 days to pay and stock sat for 95 days, about 3.1 months of sales sitting as stock, for a full cycle of −170 days, longer than FY21's −311. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 95 days. Customers pay about 55 days after that. Suppliers are paid at 320 days. Together that makes the −170-day cycle. Spending on assets: ₹2,214 Cr over the last 3 years, against ₹1,671 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹15.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is TVS Supply Chain Solutions' P/E ratio, and how does it compare with its own history? TVS Supply Chain Solutions Ltd's P/E is 68.7×, in the middle of its own history: higher than 64% of past readings. Its usual P/E (the middle reading) is 48.6×, over 3.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹1.46. Where the price move came from: over 3 years the price moved −19.7% a year; about +86.0% a year came from earnings growth and about −105.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the TVS Supply Chain Solutions share price assume? Worked out from its price on 20 July 2026, TVS Supply Chain Solutions Ltd's share price assumed profit growth of about 28.5% a year. Over the past 8 years its profit actually grew 23.9% a year. Today its P/E is 68.7×, higher than 64% of its own last 3.2 years. This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the TVS Supply Chain Solutions business getting better or worse? TVS Supply Chain Solutions Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the TVS Supply Chain Solutions story, and has it been checked? TVS Supply Chain Solutions Ltd's story is not scored yet against the checks our research set on 27 June 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 27 June 2026. What is proven. What would change our mind. Conversely, if ISCS order conversion rate drops below 20% for two consecutive quarters, or GFS margin stays below 3% through December 2026, the stock…

What the surface reading misses. The surface reading is: PAT of 71 crore, a breakthrough profitable quarter for TVSSCS The research reads it further: Of the 103 crore PBT, 95 crore was other income from a one-time TVS ILP InVIT transaction. Operating earnings for the quarter were approximately 8 crore PBT. The reported EPS of 1.6 is not a repeatable operating run-rate, the actual operating run-rate from Sep-Dec 2025 quarters was 0.24-0.35 EPS. What the surface reading misses. Sources: our stock research file (27 June 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did TVS Supply Chain Solutions management deliver what it promised? What TVS Supply Chain Solutions Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. 4% PBT commitment shifted to FY28 · 11 August 2026. Management's confidence in the 4% PBT objective has weakened in the latest call. In Feb 2026, it described the objective as firmly aligned across the leadership team, whereas in Aug 2026 it made achieving 4% by the end of the current year only an aspiration and moved its definite commitment to FY28. The latest call cited geopolitical factors and the need to improve GFS margins, but did not reconcile this materially softer timing with the prior level of confidence. GFS Margin Goal Revision · 26 May 2026. In the Nov 2025 call, management stated that the steady-state, sustainable EBITDA margin for the Global Forwarding Solutions (GFS) segment was between 3.5% and 4%, noting this was the historical standard they had achieved in the past. However, in the May 2026 call, management shifted this expected baseline significantly upward, stating they expect to move GFS margins to 5% or 6.5% over the next several quarters. They did not provide a clear operational justification for this elevated structural margin goal amidst their own acknowledgment of ongoing freight rate uncertainty and pricing pressures. GFS Margin Recovery Delayed · 11 February 2026. Management previously guided in August 2025 that Global Forwarding Solutions (GFS) margins would return to the 3-3.5% range within '1 or 2 quarters' (implying recovery by Q3 FY26). In the latest call, margins remained depressed at 2.3%, and management has pushed the recovery timeline out to FY27, failing to meet the near-term guidance previously set. Earlier call (Aug 2025): “Probably in 1 or 2 quarters, it will return to some kind of a normalcy... and we”. Later call (Feb 2026): “GFS delivered... adjusted EBITDA of 17.3 crores at a 2.3% margin... we think FY27 will provide a clear opportunity to double down on GFS.”

Revenue Growth Guidance Downgrade · 11 February 2026. In the prior two calls, management explicitly planned and guided for 'mid-teen' revenue growth (typically 14-16%). The latest call reports only 11.1% growth, and the forward-looking narrative has been softened to 'double-digit' growth without acknowledging the miss against the earlier 'mid-teen' goal. Earlier call (Nov 2025): “If you look at what we are targeting, it”. Later call (Feb 2026): “Our consolidated revenue grew 11.1% year-on-year... We continue to push very hard for double-digit growth.”

Every quote above is taken word for word from the company’s own earnings calls. ## How much does TVS Supply Chain Solutions earn on its capital? TVS Supply Chain Solutions Ltd earned a ROCE of 10% in FY26. That is up from a low of 0% in FY20. Its return on capital used (ROIC) is 7.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.1% net margin and 1.54× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.1% net margin × 1.54× asset turnover × 3.51× leverage (assets divided by equity) ≈ 5.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.8% − 12.0% = −7.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does TVS Supply Chain Solutions have too much debt? TVS Supply Chain Solutions Ltd has total debt of ₹2,755 Cr against shareholder equity of ₹2,062 Cr as of Jun 2026, so its debt is 1.34× its equity. Year by year, that ratio went from 3.92 in FY22 to 1.34 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. The ISCS segment delivered revenue of 8,239 crore in FY26 (up 9.6%) with EBITDA margin expanding to 9.3% from 8.5%. Project One in Europe delivered 50-60 crore in in-year FY26 savings, and the full 110-120 crore annualized benefit flows through in FY27. The second North America facility went live in the fourth quarter of FY26, with management aiming for account-level revenue of 50-60 million dollars per large engagement. The conversion rate on the 6,100 crore order pipeline, currently at 22% historically with a 25% goal, is the specific execution lever management identified to unlock 18-20% ISCS segment growth. ## What is the TVS Supply Chain Solutions shareholding pattern? No group of TVS Supply Chain Solutions Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved −0.1 points over the same period, to 43.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.9 points over 8 quarters, to 2.2%; Promoters: −0.1 points over 8 quarters, to 43.0%; Foreign institutions: +0.1 points over 8 quarters, to 2.4%. ## How far is TVS Supply Chain Solutions from balance-sheet trouble? For TVS Supply Chain Solutions Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does TVS Supply Chain Solutions rank in its industry? 42.7 out of 100, rank 6 of 8 in Logistics - Warehousing/Supply Chain, with 64% of the evidence available. TVS Supply Chain Solutions Ltd scores 42.7 out of 100 against the 8 companies it is compared with in Logistics - Warehousing/Supply Chain, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15.3 + 9.6 + 9.4 + 8.4 = 42.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is TVS Supply Chain Solutions compared with? TVS Supply Chain Solutions ranks 6 of 8 Logistics - Warehousing/Supply Chain companies on the 4-Factor Sector Score, with 42.7 out of 100. 1. [VRL Logistics Ltd](https://www.sectoralpha.in/stocks/vrl-logistics-ltd) VRLLOG · leader · Most evidence points up · 96% evidence 75.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 5.6% · Profit 22.4% · Operating margin change 1 points · 88% evidence Capital efficiency 20.4/25 · ROCE 18.3% · Operating margin 21% · 100% evidence Valuation 19.5/20 · P/E 17× · PEG 0.6 · 100% evidence Relative strength 15.8/20 · Lead over its industry 6.6% · Lead over NIFTY 500 3.3% · 1 year -7.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.3 + 20.4 + 19.5 + 15.8 = 75 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Navkar Corporation Ltd](https://www.sectoralpha.in/stocks/navkar-corporation-ltd) NAVKARCORP · quiet · Evidence leans up · 85% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 50.3% · Profit 100% · Operating margin change 0 points · 100% evidence Capital efficiency 11.1/25 · ROCE 3.1% · Operating margin 15% · 100% evidence Valuation 12.9/20 · P/E 23.7× · PEG 0.85 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -18.7% · 1 year -36.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 28 + 11.1 + 12.9 + 7.5 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Allcargo Logistics Ltd](https://www.sectoralpha.in/stocks/allcargo-logistics-ltd) ALLCARGO · breaking out · Evidence leans up · 64% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 5.3% · Profit 87.5% · Operating margin change 3 points · 62% evidence Capital efficiency 10.7/25 · ROCE 4.8% · Operating margin 13% · 76% evidence Valuation 10.2/20 · P/E 30.2× · PEG n/a · 15% evidence Relative strength 13.9/20 · Lead over its industry 1.6% · Lead over NIFTY 500 -1.7% · 1 year -22.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 10.7 + 10.2 + 13.9 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Mahindra Logistics Ltd](https://www.sectoralpha.in/stocks/mahindra-logistics-ltd) MAHLOG · turning · Evidence leans up · 67% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 20.3% · Profit 100% · Operating margin change 1 points · 71% evidence Capital efficiency 7.3/25 · ROCE 7.4% · Operating margin 6% · 76% evidence Valuation 9.8/20 · P/E 53.8× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 20.1% · Lead over NIFTY 500 16.2% · 1 year 16.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 19 + 7.3 + 9.8 + 19 = 55.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TCI Express Ltd](https://www.sectoralpha.in/stocks/tci-express-ltd) TCIEXP · quiet · Evidence leans down · 81% evidence 49.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.1/35 · Revenue 5.2% · Profit 0% · Operating margin change 0 points · 88% evidence Capital efficiency 14.2/25 · ROCE 13.8% · Operating margin 10% · 100% evidence Valuation 18.2/20 · P/E 22× · PEG 0.99 · 100% evidence Relative strength 9.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -6% · 1 year -29.1% · 25% evidence · 4 of 12 weeks ahead Exact sum: 8.1 + 14.2 + 18.2 + 9.4 = 49.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. TVS Supply Chain Solutions Ltd this page TVSSCS · quiet · Evidence leans down · 64% evidence 42.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 16.9% · Profit 24.1% · Operating margin change 0 points · 88% evidence Capital efficiency 9.6/25 · ROCE 10.1% · Operating margin 7% · 100% evidence Valuation 9.4/20 · P/E 65.2× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.5% · 1 year -18.9% · 25% evidence · 3 of 12 weeks ahead Exact sum: 15.3 + 9.6 + 9.4 + 8.4 = 42.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Delhivery Ltd](https://www.sectoralpha.in/stocks/delhivery-ltd) DELHIVERY · basing · Evidence leans down · 74% evidence 40.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 23.6% · Profit 33.1% · Operating margin change 4.3 points · 74% evidence Capital efficiency 4.8/25 · ROCE 1% · Operating margin 7% · 100% evidence Valuation 8.5/20 · P/E 138× · PEG n/a · 15% evidence Relative strength 3.0/20 · Lead over its industry -4.5% · Lead over NIFTY 500 -7.4% · 1 year -17.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 4.8 + 8.5 + 3 = 40.9 · What this means: Earnings are strong; relative strength in its sector is -4.5% and the one-year return is -17.2%. 8. [Snowman Logistics Ltd](https://www.sectoralpha.in/stocks/snowman-logistics-ltd) SNOWMAN · quiet · Evidence leans down · 74% evidence 40.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 6.8% · Profit 100% · Operating margin change 1.8 points · 74% evidence Capital efficiency 11.2/25 · ROCE 3.6% · Operating margin 14.7% · 100% evidence Valuation 8.9/20 · P/E 88.7× · PEG n/a · 15% evidence Relative strength 3.2/20 · Lead over its industry -6.9% · Lead over NIFTY 500 -9.8% · 1 year -35.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 11.2 + 8.9 + 3.2 = 40.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Logistics - Warehousing/Supply Chain](https://www.sectoralpha.in/sectors/logistics-warehousing-supply-chain), all 8 compared on one page. ## Which companies are close to TVS Supply Chain Solutions in size? TVS Supply Chain Solutions is the 2nd largest of 8 Logistics - Warehousing/Supply Chain companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Delhivery. Just below it: VRL Logistics, Mahindra Logistics, TCI Express, Allcargo Logistics and Navkar Corporation. ### Logistics - Warehousing/Supply Chain companies close in size

1. [Delhivery Ltd](https://www.sectoralpha.in/stocks/delhivery-ltd) ₹28,932 crore
2. TVS Supply Chain Solutions Ltd ₹4,619 crore
3. [VRL Logistics Ltd](https://www.sectoralpha.in/stocks/vrl-logistics-ltd) ₹4,547 crore
4. [Mahindra Logistics Ltd](https://www.sectoralpha.in/stocks/mahindra-logistics-ltd) ₹4,090 crore
5. [TCI Express Ltd](https://www.sectoralpha.in/stocks/tci-express-ltd) ₹1,849 crore
6. [Allcargo Logistics Ltd](https://www.sectoralpha.in/stocks/allcargo-logistics-ltd) ₹1,387 crore
7. [Navkar Corporation Ltd](https://www.sectoralpha.in/stocks/navkar-corporation-ltd) ₹1,124 crore

[All 8 Logistics - Warehousing/Supply Chain companies, largest first](https://www.sectoralpha.in/sectors/logistics-warehousing-supply-chain#all-companies)

### Companies close in size in other industries

1. [Artemis Medicare Services Ltd](https://www.sectoralpha.in/stocks/artemis-medicare-services-ltd) ₹4,642 crore · Hospitals
2. [Sharda Motor Industries Ltd](https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd) ₹4,640 crore · Auto Ancillaries - Diversified
3. TVS Supply Chain Solutions Ltd ₹4,619 crore
4. [Gokaldas Exports Ltd](https://www.sectoralpha.in/stocks/gokaldas-exports-ltd) ₹4,611 crore · Textiles - Readymade Apparel
5. [KDDL Ltd](https://www.sectoralpha.in/stocks/kddl-ltd) ₹4,605 crore · Watches

## What else do people ask about TVS Supply Chain Solutions? ### What is TVS Supply Chain Solutions's share price today? TVS Supply Chain Solutions Ltd's share price is ₹110.63, −14.3% over the past year. The whole company is worth ₹4,867 Cr on the market. In the last 52 weeks it traded between ₹94 to ₹142; today it is 35% of the way up from the low, 10.9% below its 200-day average (as of 3 November 2026). ### What were TVS Supply Chain Solutions's latest quarterly results? TVS Supply Chain Solutions Ltd reported revenue of ₹3,335 Cr and net profit of ₹22.0 Cr for the Jun 2026 quarter. Revenue rose 28.7% and profit fell 69.0% compared with a year earlier. Earnings per share were ₹0.47 (as of 3 November 2026). ### What is TVS Supply Chain Solutions's market cap? TVS Supply Chain Solutions Ltd's market capitalisation is ₹4,867 Cr at a share price of ₹110.63. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is TVS Supply Chain Solutions performing? TVS Supply Chain Solutions Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 28.7% and profit fell 69.0% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will TVS Supply Chain Solutions's share price go up? This page does not forecast TVS Supply Chain Solutions Ltd's share price. What it shows instead: the share price is ₹110.63, and it has been rising for 20 weeks. Its P/E of 68.7× is higher than 64% of its own last 3 years (as of 3 November 2026). ### Does TVS Supply Chain Solutions have too much debt? Yes, TVS Supply Chain Solutions Ltd has a lot of debt: its debt is 1.36× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹2,755 Cr against equity of ₹2,033 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is TVS Supply Chain Solutions in its business cycle? TVS Supply Chain Solutions Ltd's FY26 operating margin was 7.0%, against a 9-year range of 0.0% to 8.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the TVS Supply Chain Solutions story? Biggest thing to watch: the price has already been rising for 20 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is TVS Supply Chain Solutions a stock worth studying right now? What the numbers show: TVS Supply Chain Solutions Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a TVS Supply Chain Solutions share price forecast for 2026? What management itself guided: FY27 revenue growth in the mid-teens; Q2 opening volumes tracking Q1 and profit growth expected to outpace revenue. What would change the story: ISCS order conversion rate declines below 20% for two consecutive quarters, or Europe profitability reverts on a new large project exit, the two mechanisms that have previously impaired ISCS delivery. This is research, not advice. We’re not SEBI-registered.