TVS Srichakra
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Vista Outlook
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TVS Srichakra's recent management commentary and industry dynamics suggest a stable yet evolving landscape for the company. The two- and three-wheeler market in India is experiencing a sunrise growth phase, driven by increasing consumer demand and supportive government policies, particularly in the electric vehicle (EV) segment. Management's focus on capacity expansion aligns with the industry's projected CAGR of over 8%, indicating confidence in future demand. This is crucial as TVS Srichakra navigates a competitive environment characterized by both established players and emerging startups. Vista's financial outlook reflects moderating revenue growth, yet improving margins are expected as the company capitalizes on its operational efficiencies. The stable balance sheet and fair valuation further support this outlook, with a target price of ₹4,572 over the next 12 months. Macro conditions, including favorable liquidity and contained inflation, bolster the overall investment climate. However, watchpoints include the potential impact of fluctuating crude oil prices and the evolving competitive landscape as EV adoption accelerates. Over the next 12-24 months, TVS Srichakra is well-positioned to leverage these opportunities while maintaining a cautious approach to market dynamics
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Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 2,926 | 3,254 | 3,643 | 4,038 | 4,072 |
| Profit Before Tax (Cr.) | 155 | 48 | 101 | 181 | 165 |
| PBT Margin | 5.3% | 1.5% | 277.3% | 4.5% | 4.1% |
| Net Profit (Cr.) | 116 | 34 | 69 | 123 | 112 |
| Earnings Per Share | 151.4 | 44.8 | 90.1 | 161.0 | 146.8 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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TVS Srichakra Limited manufactures and sells two-wheeler, three-wheeler, and other industrial tires to original equipment manufacturers (OEMs) and replacement markets in India and internationally. The company offers industrial pneumatic, farm and implement, floatation and other multi-purpose, off-highway (OHT), terrain vehicles, skid steer construction, and OTR tires under the TVS Eurogrip, TVS Tyres, and Eurogrip brands. It also manufactures, sells, and trades in tires, tubes, and flaps. The company serves its products through a network of depots, distributors, and retailers. It also exports its products. TVS Srichakra Limited was incorporated in 1982 and is headquartered in Madurai, India.