TVS Holdings Limited (TVSHLTD) - Net Assets
Based on the latest financial reports, TVS Holdings Limited (TVSHLTD) has net assets worth Rs128.92 Billion INR (≈ $1.39 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs640.08 Billion ≈ $6.92 Billion USD) and total liabilities (Rs511.16 Billion ≈ $5.53 Billion USD). 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. Also explore TVS Holdings Limited assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs128.92 Billion |
| % of Total Assets | 20.14% |
| Annual Growth Rate | 13.57% |
| 5-Year Change | 77.04% |
| 10-Year Change | 361.22% |
| Growth Volatility | 17.48 |
TVS Holdings Limited - Net Assets Trend (2005–2026)
This chart illustrates how TVS Holdings Limited's net assets have evolved over time, based on quarterly financial data. Check TVS Holdings Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TVS Holdings Limited (2005–2026)
The table below shows the annual net assets of TVS Holdings Limited from 2005 to 2026. For live valuation and market cap data, see market cap of TVS Holdings Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs128.92 Billion ≈ $1.39 Billion |
+26.94% |
| 2025-03-31 | Rs101.56 Billion ≈ $1.10 Billion |
+45.26% |
| 2024-03-31 | Rs69.92 Billion ≈ $756.13 Million |
+14.74% |
| 2023-03-31 | Rs60.94 Billion ≈ $659.00 Million |
-16.32% |
| 2022-03-31 | Rs72.82 Billion ≈ $787.51 Million |
+56.15% |
| 2021-03-31 | Rs46.63 Billion ≈ $504.32 Million |
+17.18% |
| 2020-03-31 | Rs39.80 Billion ≈ $430.39 Million |
+2.06% |
| 2019-03-31 | Rs38.99 Billion ≈ $421.71 Million |
+16.66% |
| 2018-03-31 | Rs33.43 Billion ≈ $361.49 Million |
+19.58% |
| 2017-03-31 | Rs27.95 Billion ≈ $302.29 Million |
+21.95% |
| 2016-03-31 | Rs22.92 Billion ≈ $247.88 Million |
+25.70% |
| 2015-03-31 | Rs18.23 Billion ≈ $197.20 Million |
+20.17% |
| 2014-03-31 | Rs15.17 Billion ≈ $164.10 Million |
+24.21% |
| 2013-03-31 | Rs12.22 Billion ≈ $132.12 Million |
+18.87% |
| 2012-03-31 | Rs10.28 Billion ≈ $111.15 Million |
+11.55% |
| 2011-03-31 | Rs9.21 Billion ≈ $99.64 Million |
+10.06% |
| 2010-03-31 | Rs8.37 Billion ≈ $90.54 Million |
+10.83% |
| 2009-03-31 | Rs7.55 Billion ≈ $81.69 Million |
-20.26% |
| 2008-03-31 | Rs9.47 Billion ≈ $102.44 Million |
-14.04% |
| 2007-03-31 | Rs11.02 Billion ≈ $119.17 Million |
+7.56% |
| 2006-03-31 | Rs10.25 Billion ≈ $110.80 Million |
+15.00% |
| 2005-03-31 | Rs8.91 Billion ≈ $96.35 Million |
-- |
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs101.20 Million | 0.16% |
| Other Components | Rs64.56 Billion | 99.84% |
| Total Equity | Rs64.66 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 |
|---|---|
|
First Financial Bancorp
NASDAQ:FFBC
|
$3.22 Billion |
|
Mangalore Refinery and Petrochemicals Limited
NSE:MRPL
|
$3.22 Billion |
|
Norte Grande
SN:NORTEGRAN
|
$3.22 Billion |
|
Garden Reach Shipbuilders & Engineers Limited
NSE:GRSE
|
$3.22 Billion |
|
Wonik Ips Co. Ltd
KQ:240810
|
$3.22 Billion |
|
Hiab B
HE:HIAB
|
$3.22 Billion |
|
ACERINOX ADR 1/2/EO-25
F:ACE
|
$3.22 Billion |
|
Becle S.A.B. de C.V
MX:CUERVO
|
$3.22 Billion |
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 2025 to 2026, total equity changed from 46,873,900,000 to 64,657,300,000, a change of 17,783,400,000 (37.9%).
- Net income of 16,956,900,000 contributed positively to equity growth.
- Dividend payments of 4,575,600,000 reduced retained earnings.
- New share issuances of 60,800,000 increased equity.
- Other comprehensive income decreased equity by 17,483,200,000.
- Other factors increased equity by 22,824,500,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs16.96 Billion | +26.23% |
| Dividends Paid | Rs4.58 Billion | -7.08% |
| Share Issuances | Rs60.80 Million | +0.09% |
| Other Comprehensive Income | Rs-17.48 Billion | -27.04% |
| Other Changes | Rs22.82 Billion | +35.3% |
| Total Change | Rs- | 37.94% |
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: 4.60x
- 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 46.69x to 4.60x 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 | Rs315.10 | Rs14713.00 | x |
| 2006-03-31 | Rs364.07 | Rs14713.00 | x |
| 2007-03-31 | Rs351.19 | Rs14713.00 | x |
| 2008-03-31 | Rs279.26 | Rs14713.00 | x |
| 2009-03-31 | Rs201.14 | Rs14713.00 | x |
| 2010-03-31 | Rs248.99 | Rs14713.00 | x |
| 2011-03-31 | Rs266.97 | Rs14713.00 | x |
| 2012-03-31 | Rs291.11 | Rs14713.00 | x |
| 2013-03-31 | Rs471.40 | Rs14713.00 | x |
| 2014-03-31 | Rs553.17 | Rs14713.00 | x |
| 2015-03-31 | Rs669.60 | Rs14713.00 | x |
| 2016-03-31 | Rs752.66 | Rs14713.00 | x |
| 2017-03-31 | Rs922.80 | Rs14713.00 | x |
| 2018-03-31 | Rs1063.38 | Rs14713.00 | x |
| 2019-03-31 | Rs1222.71 | Rs14713.00 | x |
| 2020-03-31 | Rs1217.61 | Rs14713.00 | x |
| 2021-03-31 | Rs1435.64 | Rs14713.00 | x |
| 2022-03-31 | Rs2510.50 | Rs14713.00 | x |
| 2023-03-31 | Rs1601.91 | Rs14713.00 | x |
| 2024-03-31 | Rs1403.75 | Rs14713.00 | x |
| 2025-03-31 | Rs2316.82 | Rs14713.00 | x |
| 2026-03-31 | Rs3195.79 | Rs14713.00 | 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): 26.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.92%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 9.90x
- Recent ROE (26.23%) is above the historical average (12.90%), 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 | Rs580.32 Million |
| 2006 | 17.51% | 2.94% | 1.39x | 4.28x | Rs518.34 Million |
| 2007 | 15.61% | 2.42% | 1.40x | 4.62x | Rs423.56 Million |
| 2008 | -5.60% | -0.87% | 1.12x | 5.76x | Rs-935.71 Million |
| 2009 | -33.59% | -3.33% | 1.20x | 8.44x | Rs-1.88 Billion |
| 2010 | -8.48% | -0.83% | 1.61x | 6.35x | Rs-988.42 Million |
| 2011 | 11.26% | 0.87% | 1.94x | 6.64x | Rs72.18 Million |
| 2012 | 15.53% | 1.31% | 1.97x | 6.03x | Rs386.28 Million |
| 2013 | 20.80% | 2.26% | 1.92x | 4.79x | Rs965.84 Million |
| 2014 | 12.60% | 1.51% | 2.05x | 4.06x | Rs291.57 Million |
| 2015 | 15.66% | 1.87% | 2.03x | 4.11x | Rs766.47 Million |
| 2016 | 19.17% | 2.34% | 2.01x | 4.08x | Rs1.40 Billion |
| 2017 | 17.69% | 2.45% | 1.80x | 4.01x | Rs1.43 Billion |
| 2018 | 15.72% | 1.93% | 1.16x | 7.02x | Rs1.23 Billion |
| 2019 | 17.47% | 2.01% | 1.17x | 7.48x | Rs1.85 Billion |
| 2020 | 13.68% | 1.70% | 0.95x | 8.45x | Rs907.74 Million |
| 2021 | 11.14% | 1.59% | 0.86x | 8.11x | Rs332.21 Million |
| 2022 | 8.68% | 1.72% | 0.83x | 6.05x | Rs-671.84 Million |
| 2023 | 20.04% | 2.18% | 0.75x | 12.20x | Rs3.26 Billion |
| 2024 | 28.18% | 2.31% | 0.77x | 15.75x | Rs5.16 Billion |
| 2025 | 24.84% | 3.00% | 0.72x | 11.56x | Rs6.95 Billion |
| 2026 | 26.23% | 2.92% | 0.91x | 9.90x | Rs10.49 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: $21,604,059,900
- Average return on equity (ROE) among peers: 10.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TVS Holdings Limited (TVSHLTD) | Rs128.92 Billion | 19.71% | 3.96x | $3.22 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $1.98 Billion | 1.00% | 8.68x | $2.42 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $8.17 Billion | 21.28% | 0.92x | $1.13 Billion |
| Balkrishna Industries Limited (BALKRISIND) | $69.33 Billion | 20.70% | 0.58x | $5.17 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $7.10 Billion | 10.78% | 0.57x | $985.76 Million |
| Bharat Gears Limited (BHARATGEAR) | $738.13 Million | -10.43% | 4.20x | $20.96 Million |
| Bosch Limited (BOSCHLTD) | $33.85 Billion | 17.45% | 0.47x | $13.10 Billion |
| CEAT Limited (CEATLTD) | $29.32 Billion | 7.89% | 1.51x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.68 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $14.38 Billion | 17.27% | 1.65x | $2.55 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.10 Billion | 13.38% | 0.45x | $318.42 Million |
About 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