TVS HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,422 INR | -1.15% |
|
+2.39% | +8.55% |
| Apr. 25 | LG Display returns to quarterly loss on drop in off-season demand | RE |
| Apr. 11 | TVS Supply Chain's Supply of CKD Kits to TVS Motor Crosses 500,000 | MT |
Valuation
| Fiscal Period: Maart | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 98,624 | 58,630 | 29,872 | 62,250 | 72,387 | 76,068 |
| Enterprise Value (EV) 1 | 172,857 | 156,815 | 141,460 | 174,670 | 199,297 | 292,612 |
| P/E ratio | 29.2 x | 13.6 x | 8.86 x | 19.2 x | 16.4 x | 11.7 x |
| Yield | 0.31% | 1.24% | 2.1% | 0.85% | 1.23% | 1.57% |
| Capitalization / Revenue | 0.56 x | 0.27 x | 0.15 x | 0.31 x | 0.28 x | 0.23 x |
| EV / Revenue | 0.99 x | 0.73 x | 0.71 x | 0.86 x | 0.78 x | 0.87 x |
| EV / EBITDA | 11 x | 6.69 x | 6.09 x | 7.64 x | 7.15 x | 7.4 x |
| EV / FCF | -5.14 x | -10.6 x | -61 x | 13.7 x | -16.4 x | -13.4 x |
| FCF Yield | -19.4% | -9.45% | -1.64% | 7.3% | -6.09% | -7.45% |
| Price to Book | 4.58 x | 2.37 x | 1.21 x | 2.14 x | 1.43 x | 2.35 x |
| Nbr of stocks (in thousands) | 20,232 | 20,232 | 20,232 | 20,232 | 20,232 | 20,232 |
| Reference price 2 | 4,875 | 2,898 | 1,476 | 3,077 | 3,578 | 3,760 |
| Announcement Date | 7/23/18 | 6/27/19 | 7/7/20 | 7/6/21 | 6/8/22 | 6/29/23 |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 175,117 | 215,479 | 198,587 | 202,987 | 255,906 | 335,642 |
| EBITDA 1 | 15,740 | 23,423 | 23,239 | 22,866 | 27,874 | 39,562 |
| EBIT 1 | 11,568 | 18,412 | 17,884 | 17,826 | 21,517 | 32,626 |
| Operating Margin | 6.61% | 8.54% | 9.01% | 8.78% | 8.41% | 9.72% |
| Earnings before Tax (EBT) 1 | 8,407 | 11,177 | 8,452 | 8,543 | 11,842 | 20,133 |
| Net income 1 | 3,381 | 4,321 | 3,371 | 3,237 | 4,407 | 6,496 |
| Net margin | 1.93% | 2.01% | 1.7% | 1.59% | 1.72% | 1.94% |
| EPS 2 | 167.1 | 213.6 | 166.6 | 160.0 | 217.8 | 321.1 |
| Free Cash Flow 1 | -33,612 | -14,812 | -2,320 | 12,758 | -12,146 | -21,789 |
| FCF margin | -19.19% | -6.87% | -1.17% | 6.28% | -4.75% | -6.49% |
| FCF Conversion (EBITDA) | - | - | - | 55.79% | - | - |
| FCF Conversion (Net income) | - | - | - | 394.15% | - | - |
| Dividend per Share 2 | 15.00 | 36.00 | 31.00 | 26.00 | 44.00 | 59.00 |
| Announcement Date | 7/23/18 | 6/27/19 | 7/7/20 | 7/6/21 | 6/8/22 | 6/29/23 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 74,233 | 98,186 | 111,588 | 112,420 | 126,910 | 216,545 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.716 x | 4.192 x | 4.802 x | 4.917 x | 4.553 x | 5.474 x |
| Free Cash Flow 1 | -33,612 | -14,812 | -2,320 | 12,758 | -12,146 | -21,789 |
| ROE (net income / shareholders' equity) | 20.5% | 20.7% | 15.9% | 13.7% | 13.8% | 20% |
| ROA (Net income/ Total Assets) | 6.55% | 6.99% | 5.76% | 5.05% | 4.98% | 5.83% |
| Assets 1 | 51,628 | 61,831 | 58,483 | 64,152 | 88,470 | 111,352 |
| Book Value Per Share 2 | 1,063 | 1,223 | 1,218 | 1,436 | 2,510 | 1,602 |
| Cash Flow per Share 2 | 51.10 | 81.40 | 559.0 | 790.0 | 1,855 | 1,927 |
| Capex 1 | 13,221 | 13,089 | 10,403 | 9,803 | 10,363 | 14,852 |
| Capex / Sales | 7.55% | 6.07% | 5.24% | 4.83% | 4.05% | 4.43% |
| Announcement Date | 7/23/18 | 6/27/19 | 7/7/20 | 7/6/21 | 6/8/22 | 6/29/23 |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +8.55% | 2.04B | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
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