TSF Investments share price & results
- Jun 2026
- Sept 2026
Holding company for the TSF/TVS Group; stakes in 10 auto-ancillary firms plus 3 manufacturing subsidiaries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 197 | +47.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 99.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 177 | +50.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 8.37 | +0.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 25.61 | −19.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 282.13 | −266.5 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −39.3% 1Y
1Y: ₹662.65 on 24 Oct 2025 → ₹402.4. High ₹685.25 (28 Oct 2025), low ₹337.65 (30 Mar 2026).
- Previous close
- ₹386.55
- Market cap
- ₹8.6k Cr
- 52-week range
- ₹337.65 – ₹685.25
- One year
- −40.62%
- Price to earnings (TTM to Jun 2026)
- 17.63×
- Return on equity (TTM to Jun 2026)
- 8.37%
Overview
- Symbol
- NSE:TSFINV
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What TSF INVESTMENTS LIMITED does
Based on the company's own presentations, annual report and earnings calls.
TSF Investments Limited (formerly Sundaram Finance Holdings Limited) is an RBI-classified exempted Core Investment Company that holds equity stakes in group companies of the TSF Group, promoted by the late Mr T S Santhanam of the erstwhile TVS group. It earns mainly through dividends and its share of profit from associate companies engaged in auto-ancillary manufacturing — braking systems, turbochargers, wheels and air suspension components, iron castings, precision die-cast parts, and automotive spare-parts distribution. Beyond its investment book, the company directly owns three subsidiaries: Axles India Limited (axle housings for commercial vehicles), Forge 2000 Private Limited (forged automotive components), and Sundaram Business Services Limited (outsourcing services for overseas, mainly Australian, clients).
Segments
- Investments in group companies
- Manufacturing subsidiaries
- Business process outsourcing
- Portfolio companies held
- 10 group companies (as at 31 March 2026)
- Associate company investments
- 7 — Brakes India, Turbo Energy, Wheels India, India Motor Parts & Accessories, Sundaram Dynacast, Dunes Oman LLC, Transenergy
- Minority-stake holdings
- 3 — TVS Holdings, Sundaram Clayton, Lucas-TVS
- Direct subsidiaries
- 3 — Axles India Ltd, Forge 2000 Pvt Ltd, Sundaram Business Services Ltd
- Regulatory classification
- Exempted Core Investment Company (CIC) under RBI CIC Directions, 2016
- Overseas investee
- Dunes Oman LLC (FZC), based in Salalah, Sultanate of Oman
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +50% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 24 | 17 | 79 | 134 | 35 | 54 | 66 | 197 |
| Expenses | 2 | 3 | 3 | 2 | 5 | 2 | 2 | 2 |
| Operating profit | 21 | 15 | 76 | 132 | 30 | 52 | 64 | 195 |
| Operating margin | 91.0% | 85.0% | 97.0% | 99.0% | 86.0% | 96.0% | 98.0% | 99.0% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 22 | 15 | 77 | 132 | 30 | 53 | 65 | 196 |
| Tax rate | 24.0% | 24.0% | 20.0% | 11.0% | 22.0% | 16.0% | −7.0% | 10.0% |
| Net profit | 17 | 12 | 62 | 118 | 24 | 44 | 69 | 177 |
| EPS (₹ per share) | 0.75 | 0.52 | 2.78 | 5.33 | 1.06 | 2 | 3.11 | 7.95 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 388 | 276 | 289 |
| Expenses | 21 | 10 | 11 |
| Operating profit | 368 | 266 | 278 |
| Other income | 4 | 4 | 4 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 368 | 268 | 280 |
| Net profit | 321 | 237 | 255 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 111 | 111 | 111 | 111 | 111 | 111 |
| Reserves | 1,995 | 3,596 | 5,910 | 6,565 | 5,799 | 6,833 |
| Borrowings | 1 | 0 | 0 | 0 | 273 | 0 |
| Other liabilities | 87 | 427 | 929 | 698 | 427 | 706 |
| Total liabilities | 2,195 | 4,134 | 6,950 | 7,374 | 6,611 | 7,650 |
| Fixed assets | 4 | 21 | 21 | 21 | 429 | 22 |
| Capital work in progress | 0 | 0 | 0 | 0 | 2 | 1 |
| Investments | 2,179 | 4,106 | 6,763 | 7,338 | 5,728 | 7,621 |
| Other assets | 11 | 7 | 166 | 15 | 452 | 6 |
| Total assets | 2,195 | 4,134 | 6,950 | 7,374 | 6,611 | 7,650 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 10 | 24 | 91 | 125 | 165 | 204 |
| Cash from investing | -3 | -343 | -19 | 138 | -119 | -7 |
| Cash from financing | -8 | 319 | -72 | -100 | -209 | -197 |
| Net cash flow | -1 | 0 | 0 | 162 | -163 | 0 |
| Free cash flow | 10 | 24 | 73 | 125 | 165 | 202 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 18 | 7 | 5 | 1 | 0 | 0 |
| Cash conversion cycle | 18 | 7 | 5 | 1 | 0 | 0 |
| Working capital days | 14 | 31 | 11 | -1 | 13 | 0 |
| Return on capital employed | 1.0% | 3.0% | 4.0% | 8.0% | 4.0% | 4.0% |
| Dividend payout | 52.0% | 130.0% | 94.0% | 53.0% | 55.0% | 97.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Manufacturing contributes 80.9% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- Manufacturing 80.9%
₹247.20 crore
- Investments 11.2%
₹34.28 crore
- Overseas Support Services 5.5%
₹16.90 crore
- Other Segments 2.4%
₹7.20 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Manufacturing | 247.20 | 80.9% |
| Investments | 34.28 | 11.2% |
| Overseas Support Services | 16.90 | 5.5% |
| Other Segments | 7.20 | 2.4% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹305.58 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹305.58 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
How the mix has moved
Investments shrank from 49% to 11% of revenue over the last two years.
| Segment | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Manufacturing | — | — | — | 75% | 83% | 82% | 84% | 81% | +84.3% |
| Investments | 49% | 53% | 70% | 14% | 9% | 9% | 7% | 11% | +38.6% |
| Overseas Support Services | — | — | 25% | 8% | 6% | 7% | 6% | 6% | +21.9% |
| Other Segments | — | — | 5% | 3% | 2% | 3% | 3% | 2% | +19.0% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Who owns it
Promoters hold 54.99% as of Sept 2026; institutions added 0.10 pts since Jun 2026.
- Promoters 54.99%
- Foreign institutions 3.15%
- Domestic institutions 4.49%
- Public 36.73%
- Others 0.64%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 0.03% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of TSF INVESTMENTS LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 19.90% | unchanged | |
| Mutual fund | 3.69% | unchanged |
| 2.69% | unchanged | |
| 2.05% | unchanged | |
| 2.03% | unchanged | |
| 2.02% | unchanged | |
| 1.88% | unchanged | |
| 1.79% | unchanged | |
| 1.51% | unchanged | |
| 1.43% | unchanged | |
| 1.37% | unchanged | |
| 1.30% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in TSFINV
Filings to Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹342 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹342 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹342 Cr | held | Apr '18 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +280%
- vs est. average cost
- Held by funds
- ₹342 Cr
- 1 schemes · ≈ 3.8% of the company
Shares held by these funds −13%
Oct '23 82.02 L shares Sep '26
Your own record
Start an Inve Case for TSF INVESTMENTS LIMITED
Free account: one company. Everything above stays public.
Write why you follow TSF INVESTMENTS LIMITED and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Financial Services companies
- IE
IEXIndian Energy Exchange Limited - AA
AAVASAavas Financiers Limited - SU
SUNDARMHLDSundaram Fin.Hol - SB
SBFCSBFC Finance Limited - EQ
EQUITASBNKEquitas Small Finance Bank Limited - RE
RELIGAREReligare Enterprises Limited - TF
TFCILTDTourism Finance Corporation of India Limited - MP
MPIMANIPALMPIMANIPAL
Learn to analyse TSF INVESTMENTS LIMITED
Guides on how to read this kind of business and the numbers that matter.