TVS Holdings share price & results
- Jun 2026
- Sept 2026
RBI-registered Core Investment Company holding TVS Motor, Home Credit India and other group stakes.
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 | 93.0 | +68.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 53.6 | −12.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 9.5 | −26.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 35.65 | +0.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -3.55 | −6.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 31.68 | +16.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −28.0% 1Y
1Y: ₹15,144 on 24 Oct 2025 → ₹10,906. High ₹15,738 (11 Feb 2026), low ₹10,906 (26 Oct 2026).
- Previous close
- ₹11,078
- Market cap
- ₹22.1k Cr
- 52-week range
- ₹10,906 – ₹15,738
- One year
- −28.65%
- Price to earnings (TTM to Jun 2026)
- 11.10×
- Return on equity (TTM to Jun 2026)
- 35.65%
Overview
- Symbol
- NSE:TVSHLTD
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What TVS Holdings Limited does
Based on the company's own presentations, annual report and earnings calls.
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
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: −27% (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 | 57 | 149 | 295 | 55 | 57 | 58 | 346 | 93 |
| Expenses | 25 | 21 | 17 | 19 | 13 | 12 | 12 | 43 |
| Operating profit | 31 | 129 | 278 | 36 | 44 | 46 | 335 | 50 |
| Operating margin | 55.3% | 86.1% | 94.4% | 65.7% | 76.8% | 78.7% | 96.6% | 53.6% |
| Other income | 0 | 1 | 6 | 0 | 0 | -0 | 0 | 0 |
| Interest | 15 | 14 | 19 | 21 | 21 | 21 | 22 | 39 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 16 | 115 | 264 | 15 | 22 | 24 | 312 | 10 |
| Tax rate | 23.1% | 25.8% | 8.5% | 12.7% | 13.3% | 11.0% | 13.9% | 5.7% |
| Net profit | 12 | 85 | 242 | 13 | 19 | 21 | 269 | 9 |
| EPS (₹ per share) | 6.16 | 42.11 | 119.59 | 6.39 | 9.55 | 10.50 | 133.12 | 4.68 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 25,737 | 1,608 | 637 | 516 |
| Expenses | 22,428 | 1,095 | 169 | 56 |
| Operating profit | 3,310 | 513 | 469 | 460 |
| Other income | 146 | 34 | 7 | -0 |
| Interest | 1,019 | 99 | 63 | 85 |
| Depreciation | 737 | 38 | 2 | 2 |
| Profit before tax | 1,699 | 410 | 410 | 373 |
| Net profit | 1,170 | 339 | 352 | 322 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 2,890 | 700 | 1,439 | 1,601 | 5,503 | 1,744 |
| Borrowings | 765 | 3,017 | 550 | 944 | 34,480 | 1,593 |
| Other liabilities | 562 | 548 | 414 | 211 | 18,282 | 277 |
| Total liabilities | 4,228 | 4,275 | 2,414 | 2,766 | 58,276 | 3,625 |
| Fixed assets | 671 | 623 | 14 | 10 | 9,066 | 9 |
| Capital work in progress | 9 | 57 | 0 | 4 | 702 | 2 |
| Investments | 404 | 832 | 1,970 | 2,268 | 1,388 | 3,002 |
| Other assets | 3,143 | 2,764 | 429 | 485 | 47,120 | 612 |
| Total assets | 4,228 | 4,275 | 2,414 | 2,766 | 58,276 | 3,625 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 125 | 65 | 528 | 595 | 105 | 42 |
| Cash from investing | -45 | -106 | -242 | 1,966 | -191 | -732 |
| Cash from financing | -106 | 21 | -283 | -2,473 | 211 | 474 |
| Net cash flow | -26 | -20 | 3 | 88 | 126 | -216 |
| Free cash flow | 70 | 6 | 429 | 1,232 | 108 | 42 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 57 | 46 | 6 | 8 | 9 |
| Inventory days | 198 | 157 | 114 | 3 | 0 | — |
| Days payable | 180 | 150 | 128 | 39 | — | — |
| Cash conversion cycle | 84 | 64 | 33 | -30 | 8 | 9 |
| Working capital days | 70 | 40 | 34 | -82 | -110 | 0 |
| Return on capital employed | 14.0% | 9.0% | 8.0% | 17.0% | 21.0% | 16.0% |
| Dividend payout | 69.0% | 4.0% | 44.0% | 56.0% | 53.0% | 54.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
a) Automotive Vehicles & Parts contributes 83.9% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
- a) Automotive Vehicles & Parts 83.9%
₹14,399.17 crore
- b) Financial Services 16.1%
₹2,771.68 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| a) Automotive Vehicles & Parts | 14,399.17 | 83.9% |
| b) Financial Services | 2,771.68 | 16.1% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹17,170.85 crore
- Intersegment adjustment
- ₹87.93 crore
- Net segment revenue
- ₹17,082.92 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
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| a) Automotive Vehicles & Parts | — | — | 82% | 82% | 84% | 84% | 84% | 84% | +36.4% |
| b) Financial Services | — | — | 18% | 18% | 16% | 16% | 16% | 16% | +23.7% |
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 74.45% as of Sept 2026; institutions cut 0.39 pts since Jun 2026.
- Promoters 74.45%
- Foreign institutions 3.11%
- Domestic institutions 9.54%
- Government 0.00%
- Public 12.90%
Who is on the register
Named in the Sep 2026 filing
Every holder of TVS Holdings Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 66.55% | unchanged | |
| 3.74% | unchanged | |
| 3.07% | unchanged | |
| Insurer | 1.84% | unchanged |
| Mutual fund | 1.66% | −0.29 pp |
| Mutual fund | 1.33% | unchanged |
| Mutual fund | 1.31% | unchanged |
| Mutual fund | 1.22% | unchanged |
| 1.18% | unchanged | |
| 0.82% | unchanged | |
| 0.29% | 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 Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹647 Cr
- 2 schemes
- Biggest holder
- SBI ELSS Tax Saver Fund
- ₹325 Cr · 1.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI ELSS Tax Saver Fund SBI Mutual Fund | ₹325 Cr | held | Aug '21 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹322 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 Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +431%
- vs est. average cost
- Held by funds
- ₹647 Cr
- 2 schemes · ≈ 2.6% of the company
- Biggest holder
- SBI ELSS Tax Saver Fund
- ₹325 Cr · 1.1% of that fund
- Longest holder
- Nippon India ELSS Tax Saver Fund
- 13y 3m · since Jul '13
Shares held by these funds −18%
Oct '23 5.34 L shares Sep '26
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