TVS Motor Company Limited (TVSMOTOR) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of TVS Motor Company Limited stock ₹1,398, price ₹4,450, that is 68.6% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range ₹491.25 – ₹4,466 · fair‑value band ₹994.82 – ₹1,748 · the ₹4,450 price screens above the ₹1,398 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow TVS Motor Company in your weekly email
Every Wednesday you see whether TVS Motor Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
TVS Motor Company Limited, together with its subsidiaries, engages in the manufacture and sale of automotive vehicles and components, spare parts, and accessories in India and South Africa.
Show moreShow less
It operates through Automotive Vehicles & Parts and Related Investments; and Investment Held in Financial Services segments.
The company offers motorcycles under the Apache RTR, Apache RR, Ronin, Raider, Radeon, StaR City+, and Sport brand names; scooters under the Jupiter, Jupiter 1255, Ntorq, and Zest 110 brands; electric vehicles under the TVS X and iQUBE brands; mopeds under the XL 100 brand name; and three wheelers under the TVS King brand name.
It also provides e-bikes under the Cilo, Simpel, and Allegro brands; e-cargo bikes and accessories; electric mobility, predictive analytics, and industrial IoT solutions; and financing services for two-wheelers.
In addition, the company is involved procurement, refurbishment, and retailing of the pre-owned multi-brand two-wheeler motorcycles and scooters; and development, design, manufacture, sale and distribution of high-tech products and components in the field of personal e-mobility.
The company was incorporated in 1992 and is headquartered in Chennai, India. TVS Motor Company Limited operates as a subsidiary of TVS Holdings Limited.
Stock analysis
TVS Motor Company Limited (TVSMOTOR) currently trades at ₹4,450, while our model-based Fair Value estimate is ₹1,398, 69% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,678 per share, and 0 of the 16 models we run sit above the ₹4,450 price.
Bear case: the Dividend Discount group reads lowest at ₹141.08, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹994.82 (bear) to ₹1,748 (bull), the price of ₹4,450 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TVS Motor Company Limited reported revenue of ₹561B in FY2026 versus ₹244B in FY2022, a compound +23.2%/yr. Reported net income was ₹30.2B in FY2026, compounding +41.3%/yr from FY2022.
Key figures
Market cap ₹2.1T (≈ $22.4B) Large · P/E ratio 52.1 · P/S ratio 3.22 · EPS (TTM) ₹80.55 · Dividend yield 0.3% · Net margin 5.8% · Return on equity 37.2% · Return on assets (EBIT) 20.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 7% fair-value upside, at −69%, TVSMOTOR screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹85.02 to ₹2,817). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹994.82Fair Value ₹1,398Bull₹1,748
Price ₹4,450 · Downside -68.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹41.13 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
Start year 2021 (pandemic). Over 10 years: +17.3% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +12.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.7%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.37.0% vs 23.5%, picking up
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 13%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 79% above its own trend.
Compare TVS Motor Company Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Manufacturers · 109 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−68.6% · Bottom 25%
Profitability
Return on equity (12 months)37.2% · Top 25%
Return on assets5.3% · Above median
Net margin (12 months)5.8% · Top 25%
Operating margin (12 months)12.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)39.4% · Top 25%
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity1.31× · Highest 25%
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
P/E (12 months)52.1× · Priciest 25%
P/B22.11× · Priciest 25%
P/S (12 months)3.22× · Priciest 25%
EV/EBITDA23.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)100· sector 37
PAST (return on equity)100· sector 24
HEALTH (low debt)35· sector 93
DIVIDEND (yield)5· sector 50
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TVS Motor Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TVSMOTOR
Frequently asked questions
Is TVS Motor Company Limited (TVSMOTOR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ₹1,398 versus a price of ₹4,450, about 69% lower (overvalued).
What is the fair value of TVSMOTOR?
Our model-based fair value for TVS Motor Company Limited is ₹1,398 (as of Nov 4, 2026), built from audited fundamentals. The current price: ₹4,450.
What is the quality score of TVSMOTOR?
TVS Motor Company Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TVS Motor Company Limited (TVSMOTOR)?
Our model-based price target is the fair value of ₹1,398 (as of Nov 4, 2026) from 16 valuation models. Cautious scenario ₹994.82, optimistic scenario ₹1,748. It is a calculation from audited fundamentals, not an analyst target.
What is the TVS Motor Company Limited stock forecast for 2026?
Our models put fair value at ₹1,398, about 69% lower versus a price of ₹4,450 (overvalued). Cautious scenario ₹994.82, optimistic scenario ₹1,748. The calculation is refreshed regularly with new filings.
What is the revenue of TVS Motor Company Limited (TVSMOTOR)?
TVS Motor Company Limited reported trailing-twelve-month revenue of about ₹658B (latest available figure, as of Nov 4, 2026).
Does TVS Motor Company Limited pay a dividend?
TVS Motor Company Limited currently shows a dividend yield of 0.27% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of TVS Motor Company Limited (TVSMOTOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TVS Motor Company Limited it is ₹1,398 per share (as of Nov 4, 2026), against a price of ₹4,450. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is TVS Motor Company Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, TVSMOTOR trades above its calculated fair value: price ₹4,450, fair value ₹1,398, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TVSMOTOR?
No. The price is what the market pays today (₹4,450); the fair value is what the company's own numbers justify (₹1,398). For TVS Motor Company Limited the two are ₹3,052 per share apart. That gap is exactly why we show both numbers side by side.
How much is TVS Motor Company Limited worth?
The market values TVS Motor Company Limited at about ₹2.1T (market capitalisation, as of Nov 4, 2026). Per share that is ₹4,450; our models calculate a fair value of ₹1,398 per share.
What do the bullish and bearish scenarios say about TVSMOTOR?
Our models span a range for TVS Motor Company Limited: cautious scenario ₹994.82, base ₹1,398, optimistic ₹1,748 per share (as of Nov 4, 2026, price ₹4,450). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TVSMOTOR?
TVS Motor Company Limited trades at a price-to-earnings ratio of 52.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,398 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 42.6. Other multiples: P/B 22.1, P/S 3.2, EV/EBITDA 23.8.
How solid is the balance sheet of TVS Motor Company Limited (TVSMOTOR)?
Balance-sheet figures for TVS Motor Company Limited (as of Nov 4, 2026): return on equity 37.2%, debt of 1.31 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is TVSMOTOR from its 52-week high?
TVS Motor Company Limited trades at ₹4,450, at its 52-week high of ₹4,466 and 35% above the low of ₹3,286 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,398 is for.
Which stocks are comparable to TVS Motor Company Limited?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Ferrari N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TVS Motor Company Limited stock attractive at the current price?
The data as of Nov 4, 2026: price ₹4,450, calculated fair value ₹1,398 (−69%), Quality Score 47/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TVSMOTOR calculated?
We run TVS Motor Company Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,398, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. TVS Motor Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TVS Motor Company Limited (TVSMOTOR)?
The closing price on Nov 5, 2026 was ₹4,450. Our model-based fair value is ₹1,398, about 69% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TVS Motor Company Limited right now?
The price sits above even our optimistic bull case (₹1,748). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of TVS Motor Company Limited (TVSMOTOR) come from?
Earnings per share at TVS Motor Company Limited grew +21.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +16.9 %, EBIT margin +2.5 %, tax rate −1.4 %, residual (interest, one-offs) +2.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TVS Motor Company Limited
How large is the market capitalisation of TVS Motor Company Limited (TVSMOTOR)?
The market capitalisation of TVS Motor Company Limited is ₹2.1T (≈ $22.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TVS Motor Company Limited (TVSMOTOR)?
The price-to-sales ratio of TVS Motor Company Limited is 3.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TVS Motor Company Limited (TVSMOTOR)?
Earnings per share at TVS Motor Company Limited are ₹80.55 (price ÷ EPS = P/E 52.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TVS Motor Company Limited (TVSMOTOR)?
The dividend yield of TVS Motor Company Limited is 0.3% (payout 14.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TVS Motor Company Limited (TVSMOTOR)?
The net margin of TVS Motor Company Limited is 5.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TVS Motor Company Limited (TVSMOTOR)?
The return on equity (ROE) of TVS Motor Company Limited is 37.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TVS Motor Company Limited (TVSMOTOR)?
On an EBIT basis the return on assets of TVS Motor Company Limited is 20.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TVS Motor Company Limited (TVSMOTOR)?
The operating margin of TVS Motor Company Limited is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TVS Motor Company Limited (TVSMOTOR)?
Revenue at TVS Motor Company Limited is growing +39.4% versus a year earlier (3y avg +20.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TVS Motor Company Limited (TVSMOTOR)?
Earnings per share at TVS Motor Company Limited are growing +50.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TVS Motor Company Limited (TVSMOTOR) generate?
The free cash flow of TVS Motor Company Limited is −₹15.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TVS Motor Company Limited (TVSMOTOR) carry?
The net debt of TVS Motor Company Limited is ₹283B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch TVS Motor Company Limited in the live analysis
One click puts TVS Motor Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 4, 2026