TVS Holdings Limited
TVS Holdings Limited provides automotive vehicles and parts in India and internationally. It offers two and three-wheelers; and mobility solutions through a portfolio of e-bikes, e-cargo bikes, and matching accessories. The company also provides unsecured loans; financing services for two wheelers, used cars, used and new tractors, used commercial vehicles, and consumer durables; and digital fina… Read more
TVS Holdings Limited (TVSHLTD) - Net Assets
Latest net assets as of September 2025: ₹109.19 Billion INR
Based on the latest financial reports, TVS Holdings Limited (TVSHLTD) has net assets worth ₹109.19 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹582.76 Billion) and total liabilities (₹473.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹109.19 Billion |
| % of Total Assets | 18.74% |
| Annual Growth Rate | 12.94% |
| 5-Year Change | 117.79% |
| 10-Year Change | 343.12% |
| Growth Volatility | 17.7 |
TVS Holdings Limited - Net Assets Trend (2005–2025)
This chart illustrates how TVS Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TVS Holdings Limited (2005–2025)
The table below shows the annual net assets of TVS Holdings Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹101.56 Billion | +45.26% |
| 2024-03-31 | ₹69.92 Billion | +14.74% |
| 2023-03-31 | ₹60.94 Billion | -16.32% |
| 2022-03-31 | ₹72.82 Billion | +56.15% |
| 2021-03-31 | ₹46.63 Billion | +17.18% |
| 2020-03-31 | ₹39.80 Billion | +2.06% |
| 2019-03-31 | ₹38.99 Billion | +16.66% |
| 2018-03-31 | ₹33.43 Billion | +19.58% |
| 2017-03-31 | ₹27.95 Billion | +21.95% |
| 2016-03-31 | ₹22.92 Billion | +25.70% |
| 2015-03-31 | ₹18.23 Billion | +20.17% |
| 2014-03-31 | ₹15.17 Billion | +24.21% |
| 2013-03-31 | ₹12.22 Billion | +18.87% |
| 2012-03-31 | ₹10.28 Billion | +11.55% |
| 2011-03-31 | ₹9.21 Billion | +10.06% |
| 2010-03-31 | ₹8.37 Billion | +10.83% |
| 2009-03-31 | ₹7.55 Billion | -20.26% |
| 2008-03-31 | ₹9.47 Billion | -14.04% |
| 2007-03-31 | ₹11.02 Billion | +7.56% |
| 2006-03-31 | ₹10.25 Billion | +15.00% |
| 2005-03-31 | ₹8.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TVS Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2954990000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹29.55 Billion | 63.04% |
| Common Stock | ₹101.20 Million | 0.22% |
| Other Comprehensive Income | ₹17.48 Billion | 37.30% |
| Total Equity | ₹46.87 Billion | 100.00% |
TVS Holdings Limited Competitors by Market Cap
The table below lists competitors of TVS Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Bailing Group Pharmaceutical Co Ltd
SHE:002424
|
$770.63 Million |
|
InMode Ltd
NASDAQ:INMD
|
$770.93 Million |
|
TRTPF
PINK:TRTPF
|
$771.14 Million |
|
Capitol Federal Financial Inc
NASDAQ:CFFN
|
$771.67 Million |
|
Arctech Solar Holding Co Ltd
SHG:688408
|
$770.04 Million |
|
PTT OIL+RET.BUS.-FOR-BA10
F:7F8
|
$770.02 Million |
|
Jiangsu Yahong Meditech Co. Ltd.
SHG:688176
|
$769.25 Million |
|
SeaWorld Entertainment Inc
F:W2L
|
$769.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TVS Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,400,700,000 to 46,873,900,000, a change of 18,473,200,000 (65.0%).
- Net income of 11,641,800,000 contributed positively to equity growth.
- Dividend payments of 4,244,700,000 reduced retained earnings.
- Share repurchases of 952,700,000 reduced equity.
- Other comprehensive income increased equity by 10,008,200,000.
- Other factors increased equity by 2,020,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹11.64 Billion | +24.84% |
| Dividends Paid | ₹4.24 Billion | -9.06% |
| Share Repurchases | ₹952.70 Million | -2.03% |
| Other Comprehensive Income | ₹10.01 Billion | +21.35% |
| Other Changes | ₹2.02 Billion | +4.31% |
| Total Change | ₹- | 65.04% |
Book Value vs Market Value Analysis
This analysis compares TVS Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.91x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 43.42x to 5.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹315.10 | ₹13683.00 | x |
| 2006-03-31 | ₹364.07 | ₹13683.00 | x |
| 2007-03-31 | ₹351.19 | ₹13683.00 | x |
| 2008-03-31 | ₹279.26 | ₹13683.00 | x |
| 2009-03-31 | ₹201.14 | ₹13683.00 | x |
| 2010-03-31 | ₹248.99 | ₹13683.00 | x |
| 2011-03-31 | ₹266.97 | ₹13683.00 | x |
| 2012-03-31 | ₹291.11 | ₹13683.00 | x |
| 2013-03-31 | ₹471.40 | ₹13683.00 | x |
| 2014-03-31 | ₹553.17 | ₹13683.00 | x |
| 2015-03-31 | ₹669.60 | ₹13683.00 | x |
| 2016-03-31 | ₹752.66 | ₹13683.00 | x |
| 2017-03-31 | ₹922.80 | ₹13683.00 | x |
| 2018-03-31 | ₹1063.38 | ₹13683.00 | x |
| 2019-03-31 | ₹1222.71 | ₹13683.00 | x |
| 2020-03-31 | ₹1217.61 | ₹13683.00 | x |
| 2021-03-31 | ₹1435.64 | ₹13683.00 | x |
| 2022-03-31 | ₹2510.50 | ₹13683.00 | x |
| 2023-03-31 | ₹1601.91 | ₹13683.00 | x |
| 2024-03-31 | ₹1403.75 | ₹13683.00 | x |
| 2025-03-31 | ₹2316.82 | ₹13683.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TVS Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.00%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 11.56x
- Recent ROE (24.84%) is above the historical average (12.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 19.71% | 3.15% | 1.51x | 4.15x | ₹580.32 Million |
| 2006 | 17.51% | 2.94% | 1.39x | 4.28x | ₹518.34 Million |
| 2007 | 15.61% | 2.42% | 1.40x | 4.62x | ₹423.56 Million |
| 2008 | -5.60% | -0.87% | 1.12x | 5.76x | ₹-935.71 Million |
| 2009 | -33.59% | -3.33% | 1.20x | 8.44x | ₹-1.88 Billion |
| 2010 | -8.48% | -0.83% | 1.61x | 6.35x | ₹-988.42 Million |
| 2011 | 11.26% | 0.87% | 1.94x | 6.64x | ₹72.18 Million |
| 2012 | 15.53% | 1.31% | 1.97x | 6.03x | ₹386.28 Million |
| 2013 | 20.80% | 2.26% | 1.92x | 4.79x | ₹965.84 Million |
| 2014 | 12.60% | 1.51% | 2.05x | 4.06x | ₹291.57 Million |
| 2015 | 15.66% | 1.87% | 2.03x | 4.11x | ₹766.47 Million |
| 2016 | 19.17% | 2.34% | 2.01x | 4.08x | ₹1.40 Billion |
| 2017 | 17.69% | 2.45% | 1.80x | 4.01x | ₹1.43 Billion |
| 2018 | 15.72% | 1.93% | 1.16x | 7.02x | ₹1.23 Billion |
| 2019 | 17.47% | 2.01% | 1.17x | 7.48x | ₹1.85 Billion |
| 2020 | 13.68% | 1.70% | 0.95x | 8.45x | ₹907.74 Million |
| 2021 | 11.14% | 1.59% | 0.86x | 8.11x | ₹332.21 Million |
| 2022 | 8.68% | 1.72% | 0.83x | 6.05x | ₹-671.84 Million |
| 2023 | 20.04% | 2.18% | 0.75x | 12.20x | ₹3.26 Billion |
| 2024 | 28.18% | 2.31% | 0.77x | 15.75x | ₹5.16 Billion |
| 2025 | 24.84% | 3.00% | 0.72x | 11.56x | ₹6.95 Billion |
Industry Comparison
This section compares TVS Holdings Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TVS Holdings Limited (TVSHLTD) | ₹109.19 Billion | 19.71% | 4.34x | $770.31 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |