TVS Srichakra
- Market cap
- ₹ 3,122 Cr.
- P/E
- 30.5x
- P/B
- 2.63x
- 52-week range
- 3,185 – 5,760
- ROE
- 6%
- ROCE
- 8%
- Dividend yield
- 0.9%
- Debt / equity
- 0.64
- Sector
- Auto Components
- Industry
- Tyres & Rubber Products
- Listed on
- NSE, BSE
About
TVS Srichakra Limited is an India-based maker of TVS Eurogrip, Eurogrip and TVS Tyres brands of tyres and is a manufacturer and exporter of two, three-wheeler tyres and off-highway tyres. The Company's business segment is Automotive Tyres, Tubes and Flaps. Domestically, the Company supplies tyres to vehicle manufacturers (commonly known as original equipment manufacturers - OEMs) as well as the replacement market, serviced through a network of depots, distributors and retailers. Its products are available in over 85 countries across the world. The Company's product range includes two and three-wheeler tyres, all - terrain vehicle tyres, skid-steer construction tyres, industrial pneumatic tyres, heavy duty earthmover tyres, farm and implement tyres, floatation and other multi-purpose tyres. Its off-highway tyres include agriculture, construction and industrial, and off the road tyres. It manufactures tyres in two manufacturing sites: one in Tamil Nadu and the second in Uttarakhand.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Tyres & Rubber Products: 20 companies →TVS Srichakra against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)30.5 against a typical 21.4: pricier than most peers (1st = cheapest).16th of 20
- Sales growth+30.4% against a typical +21.4% from a year earlier.5th of 16
- Profit growth+161.5% against a typical −12.9% from a year earlier.4th of 15
- Share price, 3 months+5.3% against a typical −7.3%.4th of 20
- Size₹ 3,121.8 Cr. market value against a typical ₹ 270.9 Cr. (1st = largest).6th of 20
Latest announcements
Exchange filings and their impact on the company.
- TVS Srichakra to spend Rs 49.2 cr on debottlenecking curing capacity at Madurai and Uttarakhand plants.
TVS Srichakra will spend an additional Rs 49.20 crore on line balancing and debottlenecking, including augmentation of curing capacity, at its Madurai and Rudrapur (Uttarakhand) plants. The spend was approved by the Managing Director on 17 October 2026 under delegated authority. The small, efficiency-led expansion should modestly lift available capacity and support volume growth over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA-; IND A1+ | Stable | 7 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Nov 2025 | Reaffirmed | IND AA- | — | India Ratings | ₹ 1,320.9 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 12 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 12 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 27 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 740 | 719 | 765 | 791 | 842 | 803 | 818 | 819 | 926 | 917 | 981 | 1,068 |
| Expenses | 649 | 650 | 688 | 736 | 783 | 758 | 752 | 771 | 861 | 838 | 894 | 987 |
| Operating Profit | 91 | 68 | 77 | 55 | 59 | 44 | 67 | 48 | 66 | 78 | 87 | 81 |
| OPM % | 12% | 10% | 10% | 7% | 7% | 6% | 8% | 6% | 7% | 9% | 9% | 8% |
| Other Income | −1 | 2 | −6 | 0 | 3 | −5 | −3 | 20 | 0 | −13 | 10 | 13 |
| Interest | 10 | 10 | 13 | 13 | 13 | 14 | 14 | 14 | 12 | 12 | 12 | 12 |
| Depreciation | 26 | 27 | 28 | 29 | 31 | 32 | 37 | 34 | 36 | 36 | 37 | 37 |
| Profit before tax | 54 | 33 | 31 | 12 | 18 | −6 | 12 | 20 | 18 | 17 | 48 | 45 |
| Tax % | 28% | 28% | 22% | 44% | 43% | 8% | 22% | 36% | 40% | 34% | 25% | 25% |
| Net Profit | 39 | 24 | 24 | 7 | 10 | −6 | 10 | 13 | 11 | 11 | 36 | 34 |
| EPS in Rs | 51.09 | 31.47 | 31.06 | 8.72 | 13.46 | −7.8 | 12.52 | 16.82 | 14.51 | 14.56 | 47.13 | 44.43 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 13%
- 3 Years
- 7%
- TTM
- 19%
- 10 Years
- −9%
- 5 Years
- −1%
- 3 Years
- −5%
- TTM
- 365%
- 10 Years
- 7%
- 5 Years
- 18%
- 3 Years
- 20%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 6%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| TVS Srichakra | ₹ 4,160.90 | ₹ 3,122 Cr. | 30.5x | 2.6x | 6% | — |
| MRF | ₹ 1,18,300.00 | ₹ 50,213 Cr. | 22.3x | 2.6x | 12.3% | 7.8% |
| Balkrishna Industries | ₹ 2,125.00 | ₹ 41,080 Cr. | 32.1x | 3.6x | 11.7% | 11.5% |
| Apollo Tyres | ₹ 384.40 | ₹ 24,342 Cr. | 13.3x | 1.6x | 8.7% | 4.8% |
| CEAT | ₹ 3,070.90 | ₹ 12,448 Cr. | 19.2x | 2.9x | — | 3.6% |
| JK Tyre & Industries | ₹ 309.60 | ₹ 8,925 Cr. | 13x | 1.9x | — | — |
Management
- R. Naresh
- Executive Vice Chairman of the Board, Managing Director
- Balasubramanian Rajagopalan
- Chief Financial Officer
- Chinmoy Patnaik
- Compliance Officer, Company Secretary
- Shobhana Ramachandhran
- Managing Director, Executive Director
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