TVS Supply Chain Solutions Ltd

NSE: TVSSCS BSE: 543965

TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.[1]

₹110

52W: ₹90.3 — ₹147

PE 130 · Book ₹59.8 · +84% vs book

Market Cap₹4,875 Cr

Stock P/E130Price to Earnings

ROCE4.35%Return on Capital

ROE2.69%Return on Equity

Div. Yield0%Face Value ₹1

Strengths

+Company has reduced debt.
+Company has delivered good profit growth of 44.8% CAGR over last 5 years

Weaknesses

−Though the company is reporting repeated profits, it is not paying out dividend
−The company has delivered a poor sales growth of 4.76% over past five years.
−Company has a low return on equity of 2.02% over last 3 years.
−Promoters have pledged 31.9% of their holding.
−Earnings include an other income of Rs.124 Cr.

Shareholding Pattern

Promoters43.03%

FIIs2.45%

DIIs2.18%

Public52.33%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	43.12%	43.09%▼0.0	43.04%▼0.1	43.03%▼0.0	43.03%	43.03%	43.03%	43.03%
FIIs	0.24%	2.35%▲2.1	3.31%▲1.0	3.58%▲0.3	3.36%▼0.2	3.48%▲0.1	2.73%▼0.8	2.45%▼0.3
DIIs	5.52%	3.1%▼2.4	3.73%▲0.6	3.42%▼0.3	2.45%▼1.0	2.31%▼0.1	2.19%▼0.1	2.18%▼0.0
Public	51.12%	51.47%▲0.4	49.91%▼1.6	49.96%▲0.1	51.16%▲1.2	51.19%▲0.0	52.04%▲0.9	52.33%▲0.3

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	490.72	471.89	474.41	469.03	457.94	477.44	480.76	467.96	465.19	488.19
Expenses	448.94	427.2	447.93	428.68	409.24	444.25	439.18	444.69	453.02	457.06
Operating Profit	41.78	44.69	26.48	40.35	48.7	33.19	41.58	23.27	12.17	31.13
OPM %	8.51%	9.47%	5.58%	8.6%	10.63%	6.95%	8.65%	4.97%	2.62%	6.38%
Net Profit	57.62	35.79	12.67	8.69	29.42	10.9	20.64	3.3	-3.13	9.83
EPS ₹	1.32	0.81	0.29	0.2	0.67	0.25	0.47	0.07	-0.07	0.22

AI Insights

Revenue Trend

TTM revenue at ₹1,902Cr, up 0.9% YoY. OPM at 6%.

Debt Position

Borrowings at ₹379Cr. Debt-to-equity ratio: 0.15x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.18% (-5.31pp change). FIIs: 2.45% (+1.37pp change). Promoters hold 43.03%.

Margin & Efficiency

ROCE improving from 0% (Mar 2018) to 4% (Mar 2025). Working capital days: -15.

Valuation

PE 130x with 4.35% ROCE. Price is 84% above book value of ₹59.8. Dividend yield: 0%.