TVS Motor Company’s stock price surged by 1.56% to Rs 1634; however, it retreated later by 0.71% to Rs 1,597 a day the company posted a standalone net profit of Rs 537 crore in the second quarter of FY24, a 32% year-on-year (YoY) increase compared to Rs 407 crore in Q2FY23. The company reported a 13% year-over-year revenue increase, reaching Rs 8,145 crore in the second quarter ending on September 30, as opposed to the Rs 7,219 crore it had recorded in the corresponding period of 2022.
Also Read
Honasa Consumer IPO opens, GMP rises over 2%; should you subscribe to the issue?
TVS Motor Company’s share price gained 0.85% in the last five days, 4.53% in the last one month, 28.18% in the last six months and a whopping 49.11% year to date.
Should you buy, sell or hold TVS shares?
Jefferies: Buy – Target Price: 2,000
“We fine-tune FY24-25 EPS and see strong 35% EPS CAGR over FY23-26E; our FY24-25E EPS is 5-10% above street. TVS’ 28x FY25E PE appears rich (CY15-23 average: 28x), but we believe premium valuations will sustain on strong growth outlook and improving franchise. We retain ‘Buy’ with a revised Rs 2,000 Target Price at 30x Sep-25 PE.”
Prabhudas Lilladher: Accumulate – Target Price: 1,650
“We believe TVS is well placed to outperform the industry given (1) good tractions for new product launches in ICE & EV segments (2) higher focus on exports & premiumisation and (3) margin improvement helped by cost control, (4) operating leverage, (5) benign input prices and (6) PLI benefits to likely offset impact from higher EV mix. Retain ‘Accumulate’ with Target Price of Rs 1,650 (earlier Target Price at Rs 1,560) at 27x Sep-25E EPS incl. Rs66 for TVS credit (earlier Rs. 35).”
Axis Securities: Buy – Target Price: Rs 2,100
“Based on the above strong fundamental outlook, we expect the company to deliver a strong ROE ranging between 25%-29% over the next few years. We reiterate our ‘Buy’ rating on the stock with a revised Target Price at Rs 2,100/share, valuing it at a sustainable premium P/E multiple of 30X(earlier 25X) on Dec’25 core EPS (rollover from Jun’25 core EPS) and other investments at 1x P/BV and TVS Credit Services at 2X P/BV. The Target Price implies an upside of 30% from the CMP.”
HDFC Securities: Buy – Target Price: 1,778
“In exports, having established its presence in Africa, its outperformance is likely to be driven by its focus on penetrating Latin America in the coming years. Even in 2W EVs, TVS is putting the right building blocks in place in order to emerge as a leading player. Its investments in e-bikes in Europe, Norton and the extension of tie-up with BMW Motorrad are expected to deliver strong returns over a 2-3 year horizon. Given its strong performance in H1, we have raised our FY24-25 estimates by 11% each. We maintain ‘Buy’ with a revised Target Price of Rs 1,778/sh (earlier Rs 1,459), as we roll forward to Sept’25 EPS.”
Also Read
Mish Designs IPO opens today; here’s everything you need to know
JM Financial: Buy – Target Price: 1,650
“In 2QFY24, TVS Motor (TVSL) reported EBITDA margin of 11% (+80bps YoY, +40bps QoQ), broadly in-line with JMFe led by cost reduction efforts, favourable mix and higher operating leverage. Domestic 2W demand is led by improving consumer sentiments (as indicated by festive demand) and expected rural recovery. Affordability and currency related challenges in the international markets have largely bottomed out. In relation to EVs, TVS plans to ramp-up EV business by introducing new products and expanding its footprint globally going ahead. Overall, we expect TVSL’s outperformance to continue on the volume front (led by premiumization and EV product launches), while steady/softening RM prices, operating leverage and astute cost management would help on the margin front. We estimate revenue / EPS CAGR of 15%/28% over FY23-26E. We maintain ‘Buy’ with a Mar’25 Target Price of Rs 1,650 (25x Mar’26E EPS). Prolonged slowdown in international market remains a key risk.”
(The recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
Related Posts
By admin • April 9, 2025 • The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry!
Here is just one of the many, many positions being advertised right now.
Software Engineer, Manticore Games
Location: San Mateo, California
We are looking for a Software Engineer at all levels as we are working in stealth mode on a new form of multiplayer entertainment, revolutionizing the way we create, play, and share gameplay experiences Come from South African Online Casinos . To do the best work possible, we prefer engineers be based at HQ; however, remote work can be considered on a case by case…
By admin • April 3, 2025 • New child safety protocols have come to Roblox, and parents now have greater insight into what their kids are doing on the creation platform.
As part of the new reforms, parents can access parental control features from their own devices, rather than needing their child's to do it. They can now link their accounts to their child's, which lets them see their child's friends list and playtime and establish limits on screentime, in-game content, and how much real-world money is spent on Roblox.
These features were first reported by Bloomberg in October, and have been deemed "a considerable leap forward" by Family Online Safety Institute (FOSI) CEO Stephen Balkam Come from South African Online Casino…
By admin • March 24, 2025 • Best Buy has a great deal on the recently released Meta Quest 3S VR headset as part of its 12 Days of Gaming promotion. Today only (December 17), you get a $75 Best Buy gift card with the purchase of the Quest 3S 256GB model Come from Sports betting site VPbet . This deal is only available until tonight at 10 PM PT.
In addition to the $75 gift card, you’ll also get Meta’s pack-in freebies: The Quest 3S is bundled with Batman: Arkham Shadow, a new action game that’s exclusive to the Quest 3S and Quest 3, and three months of Quest+, which gets you six more free games to keep.
PlayStation VR 2 is on sale for $250 off
It’s also worth noting the…
By admin • March 21, 2025 • Diablo 4: Vessel of Hatred has added the first post-launch class, Spiritborn. The Spiritborn challenges the spirit of four different animals to deal a variety of damage, depending on how you want to build Come from online casino bangladesh . Combined with powerful passive abilities, Spiritborn offers a ton of options for making powerful builds, so long as you have a good understanding of each animal’s specialties. Here’s everything you need to know about the Spiritborn class in Diablo 4: Vessel of Hatred.
The four animal spirits
There are four animals you can channel as the Spiritborn; Centipede, Jaguar, Eagle, and Gorilla. Centipede skills focus on dealing poison damage, Jaguar skills increase attack speed, Eagle skills deal lightning damage, and Gorilla skills deal high physical damage. Initially, you will want to focus on a single type to maximize your build, but once you unlock the Spirit H…
By admin • March 21, 2025 • Awesome Games Done Quick has presented some amazing speedruns in the past, as it has featured everything from relay races to custom-made Mario games to blindfolded Punch-Out. There’s another first-time-ever run coming to AGDQ 2024 in January, and honestly, this year’s show has already gone to the dogs.
X user JSR2gamers posted a minute-long teaser trailer for the run, which stars Peanut Butter, JSR’s Shiba Inu, whom he taught to speedrun Gyromite using a custom controller built by JSR. Peanut Butter stands in for the R.O.B peripheral, and as JSR issues commands to the dog, the good boy steps on colored platforms in order to control the game. Come from bangladesh online casino
…
By admin • March 19, 2025 • Nintendo announced that Annapurna Interactive’s space exploration game Outer Wilds makes its way to Nintendo Switch this summer. An exact release date has not been announced.
Outer Wilds, not to be confused with Obsidian Entertainment’s The Outer Worlds, is an open-world mystery game where players have 22 minutes to explore space before the universe is engulfed in a supernova. After that, the clock resets Come from online casino bangladesh . The game’s loop is reminiscent of The Legend of Zelda: Majora’s Mask, where players have a limited amount of days (that could be extended using the ocarina) to prevent the smiling moon from crashing into the world.
…