AgenciesRelated
Emkay Global has buy call on Company Ltd. with a target price of Rs 800. The current market price of TVS Motor Company Ltd. is Rs 624.15 Time period given by analyst is year when TVS Motor Company Ltd. price can reach defined target.
TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 28954.18 Crore) operating in Auto sector.
TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Accessories & Spares, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 4692.03 Crore, down -23.59 % from last quarter Total Income of Rs 6140.54 Crore and up 141.07 % from last year same quarter Total Income of Rs 1946.35 Crore. Company has reported net profit after tax of Rs -15.18 Crore in latest quarter.
Investment Rationale
The brokerage increases FY22-24 EPS estimates by 1-3% on higher revenue assumptions. It expects robust revenue/earnings CAGRs of 13%/27% over FY22-24E. It retains Buy with a TP of Rs 800 (Rs780 earlier), based on 24x Dec’23E EPS (25x Sep’23E earlier) and the value of TVS credit services at Rs26/share.
Promoter/FII Holdings
Promoters held 52.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.77 per cent, DIIs 25.16 per cent.
TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 28954.18 Crore) operating in Auto sector.
TVS Motor Company Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Accessories & Spares, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 4692.03 Crore, down -23.59 % from last quarter Total Income of Rs 6140.54 Crore and up 141.07 % from last year same quarter Total Income of Rs 1946.35 Crore. Company has reported net profit after tax of Rs -15.18 Crore in latest quarter.
Investment Rationale
The brokerage increases FY22-24 EPS estimates by 1-3% on higher revenue assumptions. It expects robust revenue/earnings CAGRs of 13%/27% over FY22-24E. It retains Buy with a TP of Rs 800 (Rs780 earlier), based on 24x Dec’23E EPS (25x Sep’23E earlier) and the value of TVS credit services at Rs26/share.
Promoter/FII Holdings
Promoters held 52.26 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.77 per cent, DIIs 25.16 per cent.
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