TVS Srichakra Ltd

TVS Srichakra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TVS Srichakra Ltd

₹ 3,517 -2.10%
21 Nov - close price
tvstyres.com BSE: 509243 NSE: TVSSRICHAK
About

TVSSC belongs to the TVS group of companies. The company is a leading manufacturer of 2W tyres in India and caters to both OEMs and aftermarket segments, and also manufactures OHT for the domestic and export markets. The company has two manufacturing plants, one each in Madurai in Tamil Nadu and Rudrapur in Uttarakhand.[1]

Key Points

Business Segment
The company’s product portfolio includes tyres for 2/3-wheeler, Industrial Pneumatic, Farm and Implement, Skid-steer, Multi-purpose, etc. [1]

Website BSE NSE
  • Market Cap ₹ 2,678 Cr.
  • Current Price ₹ 3,517
  • High / Low ₹ 5,097 / 3,470
  • Stock P/E 32.6
  • Book Value ₹ 1,423
  • Dividend Yield 1.35 %
  • ROCE 10.8 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 33.4%

Cons

  • The company has delivered a poor sales growth of 2.95% over past five years.
  • Company has a low return on equity of 7.59% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tyres Industry: Tyres

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
672 659 646 714 805 699 647 669 704 677 703 739 785
610 621 611 685 726 646 593 613 618 614 628 684 723
Operating Profit 62 38 35 28 79 54 54 56 86 64 76 55 62
OPM % 9% 6% 5% 4% 10% 8% 8% 8% 12% 9% 11% 7% 8%
1 1 1 -3 -0 0 5 3 -1 2 -6 0 3
Interest 8 8 9 9 9 10 10 11 10 10 12 12 11
Depreciation 22 20 16 21 22 23 22 23 25 25 25 27 29
Profit before tax 33 13 11 -5 48 21 27 25 51 31 32 15 25
Tax % 25% 25% 35% -25% 26% 23% 18% 25% 28% 27% 21% 27% 27%
25 9 7 -4 36 16 22 19 37 22 26 11 18
EPS in Rs 32.45 12.26 9.29 -4.65 46.78 20.84 28.63 24.37 48.35 29.06 33.47 14.71 23.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,476 1,671 1,896 1,925 1,960 2,152 2,382 2,052 1,876 2,462 2,865 2,754 2,905
1,391 1,549 1,689 1,601 1,676 1,899 2,121 1,837 1,651 2,298 2,645 2,469 2,649
Operating Profit 85 122 207 324 284 253 261 215 225 164 220 286 256
OPM % 6% 7% 11% 17% 14% 12% 11% 10% 12% 7% 8% 10% 9%
44 1 4 23 10 15 11 9 5 3 2 -2 -1
Interest 57 44 32 17 22 31 36 37 32 33 43 46 45
Depreciation 24 24 40 42 56 68 83 98 101 77 88 98 106
Profit before tax 47 56 140 287 217 169 153 90 96 57 91 139 103
Tax % 25% 15% 26% 31% 28% 31% 33% 6% 25% 27% 23% 25%
36 47 104 197 155 118 103 84 73 42 70 104 77
EPS in Rs 46.60 61.97 135.55 257.21 202.86 153.60 134.74 110.25 95.02 54.29 91.58 135.25 101.00
Dividend Payout % 16% 26% 25% 23% 25% 26% 30% 18% 32% 30% 35% 35%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 14%
TTM: 7%
Compounded Profit Growth
10 Years: 9%
5 Years: 1%
3 Years: 15%
TTM: -13%
Stock Price CAGR
10 Years: 8%
5 Years: 15%
3 Years: 19%
1 Year: -28%
Return on Equity
10 Years: 15%
5 Years: 8%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 163 196 269 411 567 647 735 754 833 977 1,033 1,106 1,082
233 304 205 145 315 312 413 336 198 598 637 818 804
415 331 319 412 515 475 644 511 578 766 732 701 731
Total Liabilities 819 839 800 975 1,405 1,441 1,800 1,609 1,617 2,350 2,409 2,633 2,625
185 229 267 359 506 595 622 647 627 670 866 1,006 1,079
CWIP 31 20 18 44 63 26 34 48 63 224 140 141 107
Investments 19 19 32 45 47 68 107 109 163 320 320 358 358
583 570 483 527 789 752 1,037 806 765 1,136 1,083 1,127 1,080
Total Assets 819 839 800 975 1,405 1,441 1,800 1,609 1,617 2,350 2,409 2,633 2,625

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
192 15 242 375 63 186 83 298 349 -40 217 241
42 -70 -95 -200 -213 -102 -114 -136 -139 -305 -202 -350
-195 19 -145 -171 149 -79 32 -168 -208 347 -12 114
Net Cash Flow 39 -37 1 3 -2 5 1 -6 1 2 3 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 58 32 33 38 41 50 35 45 33 25 30
Inventory Days 91 68 68 73 138 95 123 136 151 201 162 152
Days Payable 115 71 44 40 67 50 82 70 103 103 85 91
Cash Conversion Cycle 23 55 57 66 109 86 90 101 93 132 102 91
Working Capital Days 27 35 19 22 52 48 60 53 47 72 46 55
ROCE % 15% 22% 35% 55% 33% 22% 18% 11% 12% 7% 9% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.36% 45.36% 45.36% 45.37% 45.58% 45.70% 45.70% 45.70% 45.70% 45.70% 45.70% 45.70%
2.31% 2.10% 1.88% 1.41% 1.20% 1.08% 1.01% 1.11% 1.16% 1.02% 1.00% 1.05%
0.30% 0.03% 0.03% 0.02% 0.05% 0.36% 0.49% 2.77% 5.04% 5.04% 5.02% 4.95%
52.03% 52.51% 52.72% 53.21% 53.17% 52.85% 52.80% 50.41% 48.07% 48.22% 48.27% 48.30%
No. of Shareholders 29,52029,26529,25828,05427,05126,68627,24926,66625,38324,96425,45726,279

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2022
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