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TVS Motor stock: key metrics
TVSMOTOR.NSTVS Motor had an operating margin of 12.7% and a return on invested capital (ROIC) of 13.1% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 23.2% | 3.3% | 1.9% |
| 2008 | 22.5% | −0.6% | −0.9% |
| 2009 | 23.0% | −0.4% | −1.7% |
| 2010 | 26.8% | 3.2% | 0.7% |
| 2011 | 24.2% | 4.2% | 2.0% |
| 2012 | 25.0% | 4.1% | 1.8% |
| 2013 | 26.0% | 3.7% | 2.6% |
| 2014 | 27.3% | 9.8% | 2.2% |
| 2015 | 28.1% | 15.8% | 3.1% |
| 2016 | 28.8% | 16.6% | 3.2% |
| 2017 | 28.4% | 17.1% | 4.1% |
| 2018 | 30.7% | 19.5% | 4.0% |
| 2019 | 30.4% | 19.5% | 3.5% |
| 2020 | 34.2% | 21.7% | 3.3% |
| 2021 | 33.1% | 21.0% | 3.1% |
| 2022 | 32.9% | 21.6% | 3.1% |
| 2023 | 34.6% | 22.9% | 4.1% |
| 2024 | 37.1% | 25.3% | 4.3% |
| 2025 | 38.8% | 26.7% | 5.1% |
| 2026 | 27.7% | 12.7% | 5.4% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 9.2% | 8.8% | 3.3% |
| 2008 | −3.8% | −1.3% | −1.2% |
| 2009 | −9.9% | −0.9% | −2.5% |
| 2010 | 5.4% | 10.8% | 1.3% |
| 2011 | 18.7% | 14.2% | 4.5% |
| 2012 | 18.2% | 11.3% | 4.0% |
| 2013 | 22.1% | 10.4% | 5.9% |
| 2014 | 16.1% | 28.1% | 5.4% |
| 2015 | 24.2% | 57.4% | 7.0% |
| 2016 | 23.0% | 55.4% | 7.4% |
| 2017 | 23.1% | 54.6% | 8.3% |
| 2018 | 24.4% | 35.0% | 4.9% |
| 2019 | 22.2% | 23.8% | 4.2% |
| 2020 | 19.0% | 23.0% | 3.2% |
| 2021 | 15.5% | 20.9% | 2.7% |
| 2022 | 17.2% | 21.2% | 2.8% |
| 2023 | 24.1% | 21.9% | 3.8% |
| 2024 | 24.9% | 22.6% | 4.0% |
| 2025 | 26.3% | 24.5% | 4.7% |
| 2026 | 31.6% | 13.1% | 5.3% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 16 Jan 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.