MarketFriction

TVS Supply Chain Solutions Ltd

NSE TVSSCS · BSE 543965 · Logistics Solution Provider
₹128.42 -1.65%
NSE close2026-10-01
52 week range90.32 - 146.50
Market cap₹5,784 Cr.
P/E81.6
IPO 2023 · -35% since Microcap 250 Price band 20% Delivery 55.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,2632,2222,4262,5392,5132,4452,4992,5922,6632,7163,0323,335
Expenses2,0782,0602,2612,3582,3232,2942,3302,4152,4812,5102,8143,110
Operating Profit185162165182190151169177182206218225
OPM %8%7%7%7%8%6%7%7%7%8%7%7%
Other Income-132216789149512-1814
Interest574438404139373833424545
Depreciation142140139135140136133130137147156161
Profit before tax-26151418-151310323162632
Tax %54%-1,565%-9%46%40%57%130%31%30%30%29%30%
Net Profit-41105711-24-47116111822
EPS in Rs-1.130.220.100.150.21-0.56-0.111.600.350.240.400.47
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,7806,6056,9349,2509,9949,2009,99611,00311,746
Expenses6,2716,3496,5388,6299,3228,4959,32210,22510,916
Operating Profit509255396621672705673778830
OPM %8%3.9%6%7%7%8%7%7%7%
Other Income631841111262-76312634
Interest146237182160193210164165165
Depreciation418444443461502557544570601
Profit before tax8-242-1191340-692916897
Tax %497%3%-36%463%-4%31%133%31%
Net Profit-33-248-76-4642-90-1011768
EPS in Rs-4.26-60.62-23.43-1.351.09-2.30-0.312.591.46
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%10%3%17%
Compounded Profit Growth%29%71%-37%
Stock Price CAGR%%-15%5%
Return on Equity%-1%1%10%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3232323636444444
Reserves5884794596786871,7711,7581,989
Borrowings2,5013,3552,7342,9543,3242,1992,0882,755
Other Liabilities1,4921,5241,6441,9862,0701,7571,8362,351
Total Liabilities4,6125,3904,8685,6546,1175,7715,7267,140
Fixed Assets2,0192,0211,9872,1412,2962,3502,1652,859
CWIP138161235128215
Investments60501121001059398280
Other Assets2,5213,3102,7543,4013,6813,3163,3803,985
Total Assets4,6125,3904,8685,6546,1175,7715,7267,140
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity372190712601734128672746
Cash from Investing Activity-236-337102-383-222-112-142-229
Cash from Financing Activity-17557-1,167237-419-592-495-449
Net Cash Flow120410-35345592-5763568
Free Cash Flow2347160150159016511481
CFO/OP73%75%181%99%120%20%110%102%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6673615245565355
Inventory Days7471919292867995
Days Payable440432464458380303293320
Cash Conversion Cycle-300-288-311-314-243-162-161-170
Working Capital Days-20-46-22-36-55-14-13-21
ROCE %0%1%6%6%5%5%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters43.40%43.17%43.14%43.12%43.09%43.04%43.03%43.03%43.03%43.03%43.03%43.03%
FIIs1.08%0.37%0.23%0.24%2.35%3.31%3.58%3.36%3.48%2.73%2.45%2.38%
DIIs7.49%6.60%6.12%5.52%3.10%3.73%3.42%2.45%2.31%2.19%2.18%2.17%
Public48.03%49.86%50.51%51.12%51.47%49.91%49.96%51.16%51.19%52.04%52.33%52.42%
No. of Shareholders79,8461,04,4921,13,1881,28,4311,24,3841,22,5291,22,6081,23,5701,23,4621,22,7751,22,8331,19,325

Fundamentals

Market Cap₹ 5,784 Cr.
Current Price₹ 131
Stock P/E81.6
Book Value₹ 46.1
ROCE10.1 %
ROE9.70 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)-37%
Consolidated figures.
Valuation
Market capRs 5,674 Cr
Enterprise valueRs 7,276 Cr
P/E (TTM)87.61x
Price to book3.13x
Price to sales0.48x
EV / EBITDA8.42x
EV / EBIT27.73x
EV / sales0.62x
Price to cash flow44.47x
Earnings yield1.14%
P/B, 3-year average3.76x
P/B, 5-year average3.76x
Profitability
Operating margin (excl. other income)7.66%
Operating margin (incl. other income)7.59%
EBITDA margin7.35%
Pre-tax margin0.83%
Net profit margin0.55%
Net margin, latest quarter0.63%
ROE-7.97%
ROCE3.50%
ROA-1.70%
ROE, 3-year average-3.53%
ROCE, 3-year average4.85%
ROA, 3-year average-0.65%
ROE, 5-year average-11.89%
ROCE, 5-year average3.24%
ROA, 5-year average-1.45%
ROIC (approx.)10.09%
Tax rate-31.45%
Other income / net worth-0.40%
Growth
Sales growth (latest year)-7.95%
Profit growth (latest year)-354.23%
Sales CAGR, 3 years9.89%
Sales CAGR, 5 years6.29%
Sales growth QoQ9.99%
Profit growth QoQ18.80%
Sales growth YoY (latest quarter)28.66%
Profit growth YoY (latest quarter)-70.37%
Per share
EPS (TTM)Rs 1.47
EPS (latest year)Rs -2.29
EPS (latest quarter)Rs 0.47
EPS, 3-year averageRs -0.85
EPS, 5-year averageRs -17.24
Book value per shareRs 41.08
Sales per shareRs 265.86
Cash flow per shareRs 2.89
Free cash flow per shareRs 10.89
Efficiency
Asset turnover1.59x
Fixed asset turnover3.92x
Inventory turnover15.27x
Inventory days24 days
Debtor days56 days
Debtors turnover6.56x
Creditor days320 days
Cash conversion cycle-170 days
Working capital days-21 days
Leverage
Total debtRs 2,199 Cr
Cash and bankRs 597 Cr
Net debtRs 1,602 Cr
Debt to equity1.21x
Net debt / EBITDA1.85x
Interest coverage1.59x
Current ratio (filing 2026-03-31)1.02x
Quick ratio (filing 2026-03-31)0.88x
Trade payables (filing 2026-03-31)Rs 1,788 Cr
Owners' fund to total sources31.45%
Debt to assets38.11%
Cash flow
Cash from Operating Activity (latest year)Rs 128 Cr
Cash from Investing Activity (latest year)Rs -112 Cr
Cash from Financing Activity (latest year)Rs -592 Cr
Net Cash Flow (latest year)Rs -576 Cr
Free cash flow (latest year)Rs 481 Cr
FCFE (approx.: FCF + change in debt)Rs -644 Cr
Cash from ops / profit, 5 years221.62x
Sales to cash flow72.11x
Statement figures
Net sales (TTM)Rs 11,746 Cr
Net sales (latest year)Rs 9,200 Cr
Sales (latest quarter)Rs 3,335 Cr
Operating profit excl. other income (latest year)Rs 705 Cr
Operating profit (latest quarter)Rs 225 Cr
Other income (TTM)Rs 34 Cr
EBITDA (TTM)Rs 864 Cr
PBDT (TTM)Rs 698 Cr
Profit before tax (TTM)Rs 97 Cr
Tax (latest year)Rs 22 Cr
Net profit (TTM)Rs 65 Cr
Net profit (latest year)Rs -101 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 601 Cr
Depreciation (latest quarter)Rs 161 Cr
Interest (TTM)Rs 165 Cr
Cost of goods sold (latest year)Rs 5,903 Cr
Total expenditure (latest year)Rs 8,495 Cr
Total income (latest year)Rs 9,193 Cr
Share capitalRs 44 Cr
ReservesRs 1,771 Cr
Shareholders' fundsRs 1,815 Cr
Total assetsRs 5,771 Cr
Net blockRs 2,350 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 93 Cr
ReceivablesRs 1,403 Cr
InventoryRs 387 Cr
Other liabilitiesRs 1,757 Cr
Shares outstanding (crore)44.18
Ownership
Promoter holding43.03% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.13 is at the 3th percentile (median 8.33).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTVSSCSNifty 50Difference
1 week-1.6%-2.8% +1.2 pts
1 month+2.7%-6.8% +9.5 pts
3 months-5.9%-7.6% +1.8 pts
6 months+41.2%+0.4% +40.8 pts
1 year+0.4%-9.9% +10.3 pts
2 years-38.5%-13.6% -24.9 pts
3 years-40.4%+14.2% -54.6 pts
8 mutual fund schemes hold about ₹6 Cr. Over three months 1 bought more and 6 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.17%4 -6%
JioBlackRock Flexi Cap Fund0.05%2 -1%
The Wealth Company Mid Cap Fund0.05%0 +100%
Groww Nifty Total Market Index Fund0.01%0 -6%
Angel One Nifty Total Market Index Fund0.01%0 -7%
Mirae Asset Nifty Total Market Index Fund0.01%0 -6%
Bandhan Nifty Total Market Index Fund0.01%0 -6%
Motilal Oswal BSE 1000 Index Fund0.01%0 -6%

Red flags

F-score 4 of 8
explainShare dilution Share count up 21% in a year, 1289% in three
lookRegulator order or action Regulator order or action 2026-06-30: Tvs Supply Chain Solutions Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹3,335 Cr +28.7% vs Jun 2025. Net profit ₹22 Cr -69.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01Amalgamation/MergerTVS Supply Chain Solutions Limited has informed the Stock exchanges that the Honble National Company Law Tribunal, Bengaluru Bench has Sanctioned the ...
2026-09-07Concall / analyst meetSchedule of Institutional Investor meet to be held on 11th September, 2026
2026-08-24Press ReleasePress release dated August 24, 2026.
2026-08-21UpdatesUnaudited Standalone and Consolidated Financial Results in Machine Readable Format For the quarter ended June 30,2026.
2026-08-17Concall / analyst meetTranscript
2026-08-11Concall / analyst meetLink of Audio Recording
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Press Release for Unaudited Standalone and Consolidated for the quarter ended June 30,2026".
2026-08-10Board meeting outcomeTVS Supply Chain Solutions Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.
2026-08-07Concall / analyst meetSchedule of meet to be held on 13th August,2026
2026-08-06Shareholder meetingTVS Supply Chain Solutions Limited has submitted the Stock Exchange the Voting Results along with the copy Srutinizers Report of Annual General Meeti...
2026-08-05Shareholder meetingProceedings of Annual General Meeting held on August 05, 2026
2026-08-04ESOPAllotment of 43,750 Shares.
2026-08-03Concall / analyst meetSchedule of meet
2026-08-01Change in ManagementTVS Supply Chain Solutions Limited has informed the Stock Exchange that Mr. Ramanan Ranganathan will assume the role of Chief Strategy and Transformat...
2026-07-11Amalgamation/MergerWe would like to inform that Honble National Company Law Tribunal, Chennai Bench has sanctioned the Scheme of Amalgamation.
2026-07-11UpdatesBusiness Responsibility and Sustainability Reporting pursuant to Regulation 34(2)(f) of SEBI (LODR), 2015 for the Financial Year 2025-2026.
2026-07-11UpdatesAnnual Report for the Financial Year 2025-2026.
2026-07-11Shareholder meetingNotice of 22nd Annual General Meeting to be held on August 05, 2026
2026-07-07ResignationResignation of Mr. Anand Kumar as Non- Executive, Non-Independent Director of the company w.e.f. July 07, 2026.
2026-07-06Credit RatingCredit Rating
2026-07-01UpdatesGeneral Update on Managing Director".
2026-06-30LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-06-30Regulatory actionAction(s) taken or orders passed
2026-06-19Disclosure under SEBI TakeovPreetha Balan Ramanathan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of TVS Supply Chain Solutions Ltd?

TVS Supply Chain Solutions Ltd (TVSSCS) has a market capitalisation of Rs 5,784 Cr. at the 2026-10-01 close.

What is the P/E ratio of TVS Supply Chain Solutions Ltd?

TVS Supply Chain Solutions Ltd trades at a P/E of 81.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were TVS Supply Chain Solutions Ltd's latest quarterly results?

In the Jun 2026 quarter, TVS Supply Chain Solutions Ltd sales was Rs 3,335 Cr (+28.7% vs Jun 2025) and net profit was Rs 22 Cr.

What is the 52-week high and low of TVS Supply Chain Solutions Ltd?

The 52-week high is Rs 146.50 and the 52-week low is Rs 90.32.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03