Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Sep - Newspaper Advertisement - Special Window for transfer and dematerialization of physical securities
Source: Bse
TVS Holdings Limited (TVSHLTD)
Small CapFinancial Services stocks · Small cap · NSE
TVS Holdings Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹11,198
-309.00 · -2.69%
Market cap ₹23,900 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result21 Jul, 09:44 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
57NeutralSMA20 +123.3% / mo · MACD −
Stock trend: 66
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TVSHLTDD candles · FIT view+3596.3%Latest close ₹11198.00 on 2026-10-19
Bar
-2.7%
RSI
62
MACD hist
-466.02
52W pos
81%
2026-10-19O ₹11507.00H ₹11522.00L ₹11141.00C ₹11198.00Vol 8,683 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TVSHLTDNifty Financial ServicesNifty 500
- TVSHLTD
- +3646.9%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +3652.5 pp
Chart stats
19 Oct 2026- From 52W high
- -18.5%
- 52W range position
- 81%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.96x
- Avg traded value
- ₹8.6 Cr
- 20D price channel
- ₹11,141 - ₹12,875
₹13,743
₹275.4 - ₹13,743
₹404.3
Latest completed session
20-session average
15.7% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED72
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +34.0% · PAT +73.9% YoY
Technical
Neutral57
Price trend and sector-relative-strength timing.
Valuation
Legacy model+55.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +34% YoY · PAT +74% YoY · +10% QoQ · operating leverage · margin compression
Filed 21 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹17,076 Cr | +34.0% | +9.6% |
| EBITDA | ₹2,775 Cr | +38.6% | +15.7% |
| Operating margin | 16.0% | +0 bps | +100 bps |
| PAT | ₹1,174 Cr | +73.9% | +35.7% |
| PAT margin | 6.9% | +158 bps | +133 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.00
- P/B
- 3.69
- EV/EBITDA
- 5.29
- Market Cap
- 23900.00Cr
Profitability
- ROE
- 30.60%
- ROCE
- 17.00%
- ROA
- 6.11%
- Dividend Y
- 0.73%
Growth (CAGR)
- Revenue 5Y
- 23.00%
- EPS 5Y
- 39.00%
- Revenue 3Y
- 20.00%
- EPS 3Y
- 40.00%
Balance Sheet
- Debt/Equity
- 5.59
- Interest Coverage
- 3.72×
- Altman Z
- 1.92
- Book Value
- 3201.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 1137.00 Cr
- EPS TTM
- 975.44
Shareholding
- Promoter Hold
- 74.45%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 58.2k+29.3% vs prev
Net Profit
₹ CrLatest: 3,390+40.7% vs prev
Return on Equity
%Latest: 52.4+2.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 62. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~55.2% over last month) — short-term momentum positive.
- RSI(14) at 62 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 19% off 52W high · 3966% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation19/30
Growth23/25
Quality18/20
Balance Sheet2/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
72
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
72/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 55.0%.
- Growth contributes 23/25 to the score.
Main drags
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Valuation is weaker at 19/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
12.0
PB
3.7
EV/EBITDA
5.3
ROE
30.6%
ROCE
17.0%
FCF Yield
—
Debt/Equity
5.6
MoS
+55.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
72
Previous: 72
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+55.0%
Previous: +55.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
72
72
72
72
72
71
72
72
72
72
72
72
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹8,381.74
-33.6% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹24,873.72
+55.0% MoS
PEG
0.30
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CHOLAHLDNG
Small
Cholamandalam Financial Holdings Limited
Holding Company
match 88
51
9.6
17.5%
+62%
FAIR VALUE
KAMAHOLD
Small
Kama Holdings Limited
Holding Company
match 83
75
6.3
12.6%
+78%
DEEP VALUE
JSWHL
Small
JSW Holdings Limited
Holding Company
match 82
36
90.5
0.5%
-257%
WATCHLIST
BENGALASM
Small
Bengal & Assam Company Limited
Holding Company
match 82
58
8.7
8.1%
+71%
FAIR VALUE
BFINVEST
Small
BF Investment Limited
Holding Company
match 80
63
4.2
3.6%
+49%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
TVS Holdings Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 78th percentile within Financial Services. Main check: balance sheet trust is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Financial Services: 78th pctile, median 62 · Small: 69th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
40
weak · leverage and solvency
Discipline
76
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 74.5%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Debt/equity is 5.59.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching TVS Holdings Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 5 Sep - CARE assigned AA+ Stable to Rs930.68 crore NCRPs and reaffirmed AA+ Stable for Rs750 crore and Rs200 crore debentures.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 5 Aug - Boards approved composite amalgamation of STPL, Home Credit India Finance, TVS Housing Finance and TVS Credit Services.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.