TVS Motor delivered an in-line working efficiency, excluding the PLI profit. Adjusted PAT grew 42% YoY to Rs 6.9 billion, broadly according to our estimate of Rs 6.75 billion. For FY25, the corporate posted a powerful 30% YoY development in PAT to Rs 27.1 billion. Whereas TVS Motor is predicted to proceed outperforming within the scooters phase, its underperformance within the bikes phase stays a priority. Moreover, two-wheeler trade demand has weakened following the festive season.
Newsstate24 Revenue’s particular analysis part collates high quality and in-depth fairness and financial system analysis experiences from throughout India’s high brokerages, asset managers and analysis businesses. These experiences provide Newsstate24 Revenue’s subscribers a chance to broaden their understanding of corporations, sectors and the financial system.
Motilal Oswal Report
The not too long ago launched Jupiter 110 has been well-received by clients and is prone to help TVS Motor Firm Ltd. in gaining market share in scooters over the approaching quarters.
Nevertheless, in bikes, for the primary time in a few years, TVS Motor has underperformed the trade in FY25. Extra importantly, it has underperformed within the 125cc phase, which has been a key development driver in recent times.
Additional, the demand outlook in home markets has remained weak following the festive season, whereas the exports outlook additionally continues to be unsure.
Given these elements, we imagine TVS Motor at 42x/35.8x FY26E/FY27E EPS seems pretty valued.
Reiterate Impartial with a goal value of ~Rs 2,720 (primarily based on ~32x FY27E EPS and Rs 212/share for the NBFC).
Click on on the attachment to learn the complete report:
DISCLAIMER
This report is authored by an exterior occasion. Newsstate24 Revenue doesn’t vouch for the accuracy of its contents neither is liable for them in any method. The contents of this part don’t represent funding recommendation. For that it’s essential to at all times seek the advice of an professional primarily based in your particular person wants. The views expressed within the report are that of the creator entity and don’t characterize the views of Newsstate24 Revenue.
Customers don’t have any license to repeat, modify, or distribute the content material with out permission of the Authentic Proprietor.
. Learn extra on Analysis Studies by Newsstate24 Revenue.
