TVS Motors is one of India’s major automobile manufacturers and has been a popular stock among investors.
The company’s recent performance has been strong, with the company selling a total of 2.75 lakh units in January, representing a 3% increase. With this in mind, many investors are wondering whether TVS Motors is a good auto stock to buy and what the company’s share price target might be for the years 2023 to 2030.
In this article, we will take a closer look at TVS Motors’ financial performance, market trends, and industry conditions to determine its potential as a investment opportunity and to provide a comprehensive outlook on the company’s future share price target.
About the Company
TVS Motors ( TVSMOTOR) is a respected Indian multinational motorcycle manufacturer located in Chennai. It is the fourth largest two-wheeler company in India and one of the world’s top producers. Founded in 1978, TVS Motors has gained a reputation for innovation and quality, with its vehicles known for their fuel efficiency, performance, and dependability. The business has partnered with international leaders such as BMW, Yamaha, and Suzuki, and was the first two-wheeler maker to introduce a digital dashboard. TVS Motors also offers a comprehensive network of dealerships and service centers, invests in research and development, and has numerous patents.
Also, the company is engaged in various corporate social responsibility projects including providing free education to disadvantaged children, constructing homes for the homeless, and helping with healthcare in remote areas. It also participates in environmental sustainability activities.
Stock history of TVS Motor Company
TVS Motor has been listed on the Bombay Stock Exchange (BSE) since April 1999. The stock has been steadily increasing in value since then, with a few dips in between. In April 1999, the stock was trading at a price of Rs. 16.25. From then until March 2020, the stock price had increased to Rs. 573, giving a total return of 3,417%. In the past year, the stock has been quite volatile.
As of February 2023, it is trading at Rs. 1035.30.
Latest news about TVS Motor Company
- TVS Motor Co is gearing up to unveil its second electric scooter, aiming to present a technologically advanced and upscale product designed for urban convenience, specifically targeted at the youth demographic in India. Additionally, the scooter holds the potential for international market exports.
- In the first quarter results of TVS Motor, there has been a significant year-on-year increase of 42.2% in net profit, reaching ₹434.30 crore.
- The TVS Apache 310R is poised to undergo a price increase.
- In July 2023, TVS Motor Company achieved a 17% growth in its domestic sales.
How to buy TVS Motor shares?
To buy TVS Motor shares, you will need to open a demat and trading account with a broker. Once the account is opened, you can place a buy order with your broker, specifying the quantity of shares you wish to purchase. Once the order is executed, the shares will be credited to your demat account. You can then hold the shares in your demat account or sell them at any point in time.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of TVS Motor Company: 2023 to 2030
Share Price Target 2023 of TVS Motor Company is ₹1,417.12
| When | Maximum Price | Minimum Price |
| August 2023 | ₹1,358.10 | ₹1,234.64 |
| September 2023 | ₹1,389.34 | ₹1,263.03 |
| October 2023 | ₹1,348.87 | ₹1,226.25 |
| November 2023 | ₹1,375.85 | ₹1,250.77 |
| December 2023 | ₹1,417.12 | ₹1,28.58 |
Based on the our price prediction, the stock is expected to have a bullish trend, with its maximum price rising from ₹1,358.10 in August to ₹1,417.12 in December. On the other hand, the maximum price is expected to reach its highest point at ₹1,417.12 in December. This represents a significant growth percentage for TVS Motors in 2023.
In terms of financial performance, the revenue posted by the company in December 2022 was 80.66 billion INR, which is 22.10% higher than the previous year. The net income for the same period was 3.01 billion INR, representing a 21.45% increase compared to the previous year. These positive financial results, combined with the bullish trend predicted for its stock price, suggest that TVS Motors could be a good investment opportunity for those looking to invest in the auto sector.
Share Price Target 2024 of TVS Motor Company is ₹2,013.26
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,513.68 | ₹1,164.37 |
| February 2024 | ₹1,700.77 | ₹1,417.31 |
| March 2024 | ₹1,790.28 | ₹1,455.51 |
| April 2024 | ₹1,627.53 | ₹1,251.95 |
| May 2024 | ₹1,356.27 | ₹1,043.29 |
| June 2024 | ₹1,627.53 | ₹1,251.95 |
| July 2024 | ₹1,383.40 | ₹1,072.40 |
| August 2024 | ₹1,521.74 | ₹1,207.73 |
| September 2024 | ₹1,597.83 | ₹1,229.10 |
| October 2024 | ₹1,879.80 | ₹1,446.00 |
| November 2024 | ₹1,973.79 | ₹1,518.30 |
| December 2024 | ₹2,013.26 | ₹1,548.66 |
Based on the TVS Motors share price prediction for 2024, it appears that the company’s stock is expected to see significant growth over the course of the year. The table shows that the predicted minimum price for the year is ₹1,043.29 in May 2024, while the predicted maximum price is ₹2,013.26 in December 2024.
This represents a growth of up to 93.3% from the minimum price to the maximum price. This is a bullish trend and suggests an upward momentum in the stock price. The trend seems to be on an uptrend, with the stock price showing a consistent increase throughout the year, except for a dip in April 2024. Overall, the predictions indicate a positive outlook for TVS Motors stock in 2024.
Share Price Target 2025 of TVS Motor Company is ₹2,442.12
| When | Maximum Price | Minimum Price |
| January 2025 | ₹2,053.53 | ₹1,579.64 |
| February 2025 | ₹2,161.61 | ₹1,662.78 |
| March 2025 | ₹2,269.69 | ₹1,745.91 |
| April 2025 | ₹2,026.51 | ₹1,558.85 |
| May 2025 | ₹1,842.28 | ₹1,417.14 |
| June 2025 | ₹2,026.51 | ₹1,558.85 |
| July 2025 | ₹1,930.01 | ₹1,484.62 |
| August 2025 | ₹2,010.42 | ₹1,546.48 |
| September 2025 | ₹2,110.95 | ₹1,623.80 |
| October 2025 | ₹2,237.60 | ₹1,721.23 |
| November 2025 | ₹2,394.23 | ₹1,841.72 |
| December 2025 | ₹2,442.12 | ₹1,878.55 |
The TVS Motors share price prediction for 2025 suggests that the company’s stock is expected to continue its upward momentum and see further growth in the coming year. The minimum share price target for 2025 is ₹1,417.14 in May 2025, while the maximum share price target is ₹2,442.12 in December 2025. This represents a growth of up to 71.6% from the minimum price to the maximum price.
This trend highlights a bullish outlook for TVS Motors stock in 2025, with the stock price showing a consistent increase throughout the year, except for a dip in April 2025. The stock price is expected to reach its highest point at the end of the year, with a predicted price of ₹2,442.12 in December 2025.
TVS Motor Company Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,709.48 | ₹1,196.64 |
| 2027 | ₹1,453.06 | ₹1,017.14 |
| 2028 | ₹2,615.51 | ₹1,830.86 |
| 2029 | ₹5,372.66 | ₹3,760.86 |
| 2030 | ₹5,983.19 | ₹4,188.23 |
TVS Motor Company is expected to continue its consistent growth in the next seven years, with its share price likely to increase steadily from its current level. The company has been performing well in the two-wheeler and three-wheeler markets, and this trend is likely to continue. With a strong focus on innovation, international expansion, and technological advancements, the company is well-positioned to benefit from the growing automotive sector in India.
In addition, the government’s focus on infrastructure and mobility should also benefit the company. As such, TVS Motor Company share price is expected to increase to new highs in the next five years, providing investors with potential capital gains. It is likely that the company’s share price might reach around ₹5,983.19 by 2030.
Financial Condition of TVS Motor Company: Last 5 years
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales +(Rs crore) | 20,160 | 18,849 | 19,421 | 24,355 | 31,974 |
| Expenses +(Rs crore) | 17,997 | 16,585 | 17,189 | 21,601 | 27,947 |
| Operating Profit(Rs crore) | 2,163 | 2,264 | 2,232 | 2,755 | 4,027 |
| OPM % | 11% | 12% | 11% | 11% | 13% |
| Other Income + | 25 | 12 | 36 | -5 | 136 |
| Interest(Rs crore) | 663 | 855 | 881 | 940 | 1,368 |
| Depreciation(Rs crore) | 442 | 556 | 565 | 743 | 859 |
| Profit Before Tax(Rs crore) | 1,083 | 865 | 822 | 1,067 | 1,936 |
| Net Profit +(Rs crore) | 725 | 647 | 608 | 731 | 1,309 |
| EPS in Rs | 14.83 | 13.15 | 12.51 | 15.93 | 27.97 |
- Sales Growth: The company’s sales demonstrated a fluctuating pattern over the observed period. After reaching a peak of Rs 20,160 crore in March 2019, sales experienced a temporary decline in March 2020, followed by a recovery in subsequent years. By March 2023, the company’s sales surged to Rs 31,974 crore, indicating a substantial growth of approximately 58% compared to March 2019.
- Steady Expense Management: Despite fluctuations in sales, the company managed to keep its expenses in check. While there were incremental increases in expenses from March 2019 to March 2023, the growth was not as pronounced as the sales increase. This suggests a certain level of efficiency in cost management.
- Improving Operating Profit: The company’s operating profit showcased a generally positive trend, increasing from Rs 2,163 crore in March 2019 to Rs 4,027 crore in March 2023. This reflects the company’s ability to enhance its operational efficiency and maintain a steady growth in profitability over the years.
- Consistent Operating Profit Margin (OPM): The Operating Profit Margin (OPM) remained relatively stable, fluctuating within a narrow range of 11% to 13% from March 2019 to March 2023. This consistency in OPM indicates that the company was able to maintain a certain level of profitability relative to its sales, despite market variations.
- Varied Other Income: The company’s other income displayed some variations, with a notable increase in March 2023 to Rs 136 crore. It’s important to investigate the nature of this income, as its fluctuations might have contributed to the company’s overall financial performance.
- Interest and Depreciation Impact: Interest expenses increased consistently over the observed period, from Rs 663 crore in March 2019 to Rs 1,368 crore in March 2023. Similarly, depreciation expenses also grew, suggesting potential investments in assets. Managing these growing costs effectively will be crucial for maintaining profitability.
- Profitability Trends: The company’s net profit witnessed fluctuations, but overall, there was an upward trend. Net profit increased from Rs 725 crore in March 2019 to Rs 1,309 crore in March 2023. This positive trajectory signifies the company’s ability to generate increased earnings over the years.
- Earnings Per Share (EPS) Growth: The company’s EPS grew significantly, rising from Rs 14.83 in March 2019 to Rs 27.97 in March 2023. This indicates an impressive growth rate, potentially driven by a combination of increased net profit and effective management of outstanding shares.
In conclusion, the provided financial data highlights the company’s ability to navigate fluctuations in sales and expenses while steadily increasing profitability. Key areas for further analysis and consideration include the sources of other income, the management of interest and depreciation costs, and the factors driving the significant growth in EPS. Overall, the data suggests a positive trajectory for the company’s financial performance over the observed period.
FAQS
Will the share price of TVS Motor Company increase in 2023?
It is anticipated that TVS Motor Company per share price will increase to ₹1,438.00 by the end of 2023.
What is the share price target of TVS Motor Company for 2025?
The share price target of TVS Motor Company for 2025 might be around ₹2,442.12.
What is the share price target of TVS Motor Company for 2030?
The per share price of TVS Motor Company might reach around ₹5,983.19 by the end of 2030.
What is TVS Motor Company current market value?
As of today, the TVS Motor Company stock price is ₹1,035, with a market capitalisation of 491.86 billion INR.
Also read:
KEI Industries Share Price Target: 2023 to 2030.
Dabur India Share Price Target: 2023 to 2030.
Ambuja Cements Share Price Target: 2023 to 2030.
Experts View On TVS Motor Company Shares:
Sharekhan’s analysis of TVS Electronics Ltd suggests a recommendation to buy the company’s shares. They propose an ongoing buy stance on TVS Electronics Ltd’s stock, projecting a target price of Rs 410.
Motilal Oswal’s assessment of TVS Electronics Ltd also advises a buy stance. Their perspective is that investors should consider continuing to purchase TVS Electronics Ltd shares, with a target price set at Rs 432.
Points To Keep In Notice While Investing In TVS Motor Company Shares:
- The company has consistently upheld a robust dividend payout ratio of 23.1%.
- The stock is currently being traded at a valuation of 11.7 times its book value.
- There is a possibility that the company is utilizing interest costs to enhance its capital.
- Over the past three years, there has been a decline of -7.13% in the promoter’s ownership stake.
- The company’s working capital days have shown an increase, expanding from 66.3 days to 96.6 days.
Conclusion
TVS Motor has been a leader in the Indian two-wheeler industry for many years. Though it has seen some ups and downs in its share price, its long term outlook remains strong. The company has been expanding into new markets and introducing new products to stay ahead of the competition. The company’s focus on innovation and customer satisfaction are likely to keep it profitable in the long run. With the increasing penetration of two-wheelers in the Indian market and the company’s efforts to stay competitive, it is expected to continue to perform well in the future. Analysts expect the TVS Motor share price to reach a target of ₹1,438.00 by 2023 and ₹5,983.19 by 2030. With the right strategies and commitment to excellence, TVS Motor is sure to continue to grow and be a leader in the two-wheeler market.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
