# TVS Motor Company (NSE: TVSMOTOR) share analysis

Canonical: https://vestmind.in/stocks/tvs-motor-company  
Source: VestCall by Vestmind, price as of 14 October 2026.

> TVS Motor Company (NSE: TVSMOTOR) was trading at ₹3,976.7 on 14 October 2026. VestCall scores its business health 79/100 (healthy). On valuation, the price sits in the “Fairly Valued” zone (₹3,860.45 – ₹3,989.16) — inside the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.

## Valuation zones

| Zone | Price band | Meaning |
| --- | --- | --- |
| Deeply Discounted | ₹3,520.54 – ₹3,772.05 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹3,772.05 – ₹3,860.45 | Below the modelled fair-value range |
| Fairly Valued (current) | ₹3,860.45 – ₹3,989.16 | Inside the modelled fair-value range |
| Valuation Premium | ₹3,989.16 and above | Above the modelled fair-value range |

## The case for and against

- Supports — Capital Allocation 100/100
- Supports — Growth 98/100
- Supports — Shareholding Quality 84/100
- Supports — Business Quality 70/100
- Supports — Management Stability 64/100
- Needs proof — Financial Strength 59/100

## Key ratios

| Ratio | TVS Motor Company | Sector median |
| --- | --- | --- |
| P/E | 8.6x | — |
| P/B | 4.45x | — |
| P/S | 0.89x | — |
| Return on equity (ROE) | 28.4% | — |
| Return on capital employed (ROCE) | 42.9% | — |
| Operating margin | 8.6% | — |
| Net margin | 5.7% | — |
| Current ratio | 0.54x | — |

## Bull, base and bear case (model outputs, not forecasts)

| Scenario | Modelled CAGR | Weight | Assumption |
| --- | --- | --- | --- |
| Bear | +5.0% | 18% | Growth decelerates to 9% and the multiple de-rates toward the cohort's trough. |
| Base | +25.0% | 55% | Earnings compound near the measured 25% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +38.5% | 27% | Growth holds at 35% and the market pays the full premium the measured quality supports. |

## Questions

### Is TVS Motor Company overvalued or undervalued?

At ₹3,976.7, TVS Motor Company sits in VestCall’s “Fairly Valued” zone (₹3,860.45 – ₹3,989.16): inside the modelled fair-value range. Its valuation scores 8/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.

### Is TVS Motor Company fundamentally strong?

VestCall scores TVS Motor Company’s business health 79/100 (healthy). The strongest measured pillars are capital allocation and growth. The ones that need proof are financial strength. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.

### What is TVS Motor Company’s P/E ratio?

TVS Motor Company trades at a P/E of 8.6x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against TVS Motor Company’s returns and growth.

### What are the risks of investing in TVS Motor Company?

The review triggers VestCall watches for TVS Motor Company are: return on equity falls below the quality floor (roe below 15%); revenue growth falls below the thesis floor (revenue cagr below 8%); promoter holding drops materially (promoter holding below 47.27%, 3 points under the Mar 2026 filing). On the fundamentals, financial strength is the weakest measured pillar at 59/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.

### Is this a recommendation to buy or sell TVS Motor Company?

No. VestCall states where TVS Motor Company’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.

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Vestmind is not a SEBI-registered investment adviser or research analyst. This is research for information, not a recommendation or personalised investment advice.