TVSHLTD
TVS Holdings share price & financials
- Price
- ₹13,942
- Market cap
- ₹26.3k Cr
- Sector
- Financial Services
What TVS Holdings Limited does
TVS Holdings Limited (formerly Sundaram-Clayton Limited) is registered with the Reserve Bank of India as a Core Investment Company (NBFC-CIC) and functions purely as a holding and investment vehicle for the TVS group, with no independent operating business of its own. Its income comes primarily from dividends received on strategic equity investments held in group companies rather than from any manufacturing or trading activity. The company previously also traded in automotive spare parts, but wound up that business by October 2024 to comply with RBI's conditions for CIC registration. Its principal investees include TVS Motor Company Limited, a leading two-wheeler and three-wheeler manufacturer, and Home Credit India Finance Private Limited, a consumer-finance NBFC.
Segments
- Investment holding (Core Investment Company)
- RBI classification
- Core Investment Company (NBFC-CIC), Middle Layer
- Group companies held
- TVS Motor Company Limited, Home Credit India Finance Private Limited, TVS Digital Limited, TVS Holdings (Singapore) Pte. Limited
- Subsidiaries
- 4
- Own operating business
- None — pure holding and investment company; earns dividend income from group investments
- RBI CIC registration certificate
- No. N-07-00904, dated 14 March 2024
- Discontinued business
- Automotive spare parts trading, wound up effective 10 October 2024 per RBI CIC conditions
Quarterly results
Q1 FY27: revenue up 34.0%, net profit up 73.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,554 | 11,359 | 11,800 | 12,742 | 14,549 +26% | 15,276 +34% | 15,588 +32% | 17,076 +34% |
| EBITDA | 1,677 | 1,815 | 1,893 | 2,002 | 2,261 +35% | 2,461 +36% | 2,399 +27% | 2,775 +39% |
| Net profit | 599 | 685 | 644 | 675 | 880 +47% | 969 +41% | 865 +34% | 1,174 +74% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.9% 1Y
1Y: ₹13,277 on 10 Sept 2025 → ₹13,024. High ₹15,738 (11 Feb 2026), low ₹12,715 (26 Sept 2025).
Financials, as filed
Revenue grew 31.2% a year over 3 years, FY23 to FY26. Operating margin widened to 15.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹25.7k Cr | ₹40.2k Cr | ₹45.1k Cr | ₹58.2k Cr |
| Operating profit | ₹3.3k Cr | ₹5.9k Cr | ₹6.9k Cr | ₹9.1k Cr |
| Operating margin | 12.9% | 14.6% | 15.2% | 15.7% |
| Interest | ₹1.0k Cr | ₹2.0k Cr | ₹2.2k Cr | ₹2.6k Cr |
| Depreciation | ₹737 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.4k Cr |
| Net profit | ₹1.2k Cr | ₹1.9k Cr | ₹2.4k Cr | ₹3.4k Cr |
| Net margin | 4.5% | 4.6% | 5.3% | 5.8% |
| Cash from operations | ₹-4.1k Cr | ₹-867 Cr | ₹3.5k Cr | ₹1.1k Cr |
| Free cash flow | ₹-5.6k Cr | ₹-1.3k Cr | ₹1.1k Cr | ₹-2.1k Cr |
| ROCE | 12.0% | 15.0% | 15.0% | 17.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹2.9k Cr | ₹5.1k Cr | ₹3.2k Cr | ₹2.8k Cr | ₹5.5k Cr | ₹6.5k Cr |
| Borrowings | ₹12.9k Cr | ₹16.6k Cr | ₹25.0k Cr | ₹26.2k Cr | ₹34.5k Cr | ₹36.2k Cr |
| Other liabilities | ₹7.6k Cr | ₹8.7k Cr | ₹10.9k Cr | ₹15.5k Cr | ₹18.3k Cr | ₹21.0k Cr |
| Total liabilities | ₹23.3k Cr | ₹30.3k Cr | ₹39.1k Cr | ₹44.5k Cr | ₹58.3k Cr | ₹63.7k Cr |
| Fixed assets | ₹4.8k Cr | ₹6.3k Cr | ₹6.9k Cr | ₹5.6k Cr | ₹9.1k Cr | ₹8.9k Cr |
| Capital work in progress | ₹1.1k Cr | ₹560 Cr | ₹821 Cr | ₹1.0k Cr | ₹702 Cr | ₹2.1k Cr |
| Investments | ₹673 Cr | ₹644 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.2k Cr |
| Other assets | ₹16.7k Cr | ₹22.8k Cr | ₹30.3k Cr | ₹36.7k Cr | ₹47.1k Cr | ₹51.4k Cr |
| Total assets | ₹23.3k Cr | ₹30.3k Cr | ₹39.1k Cr | ₹44.5k Cr | ₹58.3k Cr | ₹63.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.41 pp while DIIs trimmed −0.23 pp. The shareholder count shrank 11% to 30,197.
- Promoters
- 74.5%
- FIIs
- 3.3%
- DIIs
- 9.8%
- Public
- 12.5%
Since Jun 2025
- FIIs +0.41 pp
- DIIs −0.23 pp
- Public −0.18 pp
How it drifted, 12 quarters
Over this window DIIs fell from 12.6% to 9.8% — −2.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.5%, FIIs 1.0%, DIIs 12.6%, Public 12.0%.Dec '23: Promoters 74.5%, FIIs 1.1%, DIIs 12.2%, Public 12.2%.Mar '24: Promoters 74.5%, FIIs 2.3%, DIIs 11.2%, Public 12.0%.Jun '24: Promoters 74.5%, FIIs 2.5%, DIIs 10.5%, Public 12.5%.Sep '24: Promoters 74.5%, FIIs 2.6%, DIIs 10.3%, Public 12.6%.Dec '24: Promoters 74.5%, FIIs 2.6%, DIIs 10.1%, Government 0.0%, Public 12.7%.Mar '25: Promoters 74.5%, FIIs 2.7%, DIIs 10.3%, Government 0.0%, Public 12.6%.Jun '25: Promoters 74.5%, FIIs 2.8%, DIIs 10.0%, Public 12.7%.Sep '25: Promoters 74.5%, FIIs 3.0%, DIIs 9.9%, Public 12.7%.Dec '25: Promoters 74.5%, FIIs 3.1%, DIIs 9.9%, Public 12.6%.Mar '26: Promoters 74.5%, FIIs 3.3%, DIIs 9.8%, Public 12.4%.Jun '26: Promoters 74.5%, FIIs 3.3%, DIIs 9.8%, Public 12.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- TSF Investments Limited (Formerly known as Sundaram Finance Holdings Limited) newly disclosed 3.74% held
- ICICI Prudential Mutual Fund Mutual fund +0.09 pp 1.95% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of TVS Holdings Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| VS Trust (Mr Venu Srinivasan, Trustee) | 66.55% | unchanged |
| TSF Investments Limited (Formerly known as Sundaram Finance Holdings Limited) | 3.74% | newly disclosed |
| Srinivasan Trust (VS Trustee Private Limited, Trustee) | 3.07% | unchanged |
| ICICI Prudential Mutual Fund Mutual fund | 1.95% | +0.09 pp |
| ICICI Prudential Life Insurance Company Limited Insurer | 1.81% | unchanged |
| SBI Mutual Fund Mutual fund | 1.33% | unchanged |
| Nippon Life India Mutual Fund Mutual fund | 1.31% | −0.09 pp |
| Aditya Birla Mutual Fund Mutual fund | 1.21% | unchanged |
| Govindlal M Parikh | 1.18% | unchanged |
| Lakshmi Venu | 0.82% | unchanged |
| Mallika Srinivasan | 0.29% | unchanged |
| Venu Srinivasan Trustee Private Limited | 0.00% | 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 TVSHLTD
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹707 Cr
- 2 schemes
- Biggest holder
- SBI ELSS Tax Saver Fund
- ₹355 Cr · 1.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI ELSS Tax Saver Fund SBI Mutual Fund | ₹355 Cr | held | Aug '21 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹351 Cr | held | Jul '13 |
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 Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +579%
- vs est. average cost
- Held by funds
- ₹707 Cr
- 2 schemes · ≈ 2.8% of the company
- Biggest holder
- SBI ELSS Tax Saver Fund
- ₹355 Cr · 1.1% of that fund
- Longest holder
- Nippon India ELSS Tax Saver Fund
- 13y 2m · since Jul '13
Shares held by these funds −18%
Aug '23 5.34 L shares Jul '26
Learn to analyse TVS Holdings Limited
Guides on how to read this kind of business and the numbers that matter.