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Company details

1,544.20
1,585.00
1,470.00
2,588.00
6M Return -22.79%
1Y Return -25.45%
Mkt Cap.(Cr) 1,185.46
Volume 362
Div Yield 1.05%
OI
-
OI Chg %
-
Volume 362

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Operating Profit(Cr.)

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Debt

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Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 744.94 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 22,788.02 -50,202.81
LAST 3M 72,497.94 -86,871.53
LAST 6M 139,386.11 -217,992.74
LAST 12M 233,491.09 -251,950.91

Information

  • About Company
  • Company Info
  • Listing Info
26.17
45.36%
1267.3629
10.37%
11.17%
Description
  • TVS Srichakra is a part of USD 8.5 billion TVS Group and one of the leading auto ancillary groups. Incorporated in June 2nd, 1982, Srichakra Tyres (STL) was promoted by R Naresh, T V Sundram Iyengar & Sons Pvt. Ltd. and Sundaram Industries Pvt. Ltd. The company was renamed as TVS Srichakra Tyres Limited on Oct 1997. The company manufactures two-wheeler, three-wheeler and other industrial tyres. The Company has 3 subsidiaries, TVS Srichakra Investments Limited (TSIL), TVS Sensing Solutions Private Limited (formerly known as ZF Electronics TVS India Private Limited) - subsidiary of TSIL and Fiber Optic Sensing Solutions Pvt Ltd(subsidiary of TSSPL). In Sep.`94, the company came out with a rights issue to meet the cost of expanding the installed capacity from 15 lac to 24 lac tyres/tubes and to meet the long-term working capital requirements, at a project cost of Rs 3.60 cr. Some of the major clients of STL are Hero Honda, Bajaj Auto, TVS Suzuki, etc. The company has a joint venture with DuPont and Cherry. STL exports to the US and the European market. In 1995-96, the company expanded its production capacity to 33 lacs p.a. Technology for modernisation of certain sections of its plant is imported from Schiesser Rubber Technology, Switzerland. During 1997-98, the company has expanded its plant capacity of Automotive Tyres to 36 lakhs nos per annum and Tubes to 33 lakhs no per annum. This was funded through Long Term Debt and Internal Accruals. Nitya Sarvamangala Trading and Holding Ltd and TVS Srichakra Holdings Ltd are its subsidiaries. The company launched a new premium range of moped tyre, under the name `MEGA STAR` during the year 1999-2000. In 2000-01 company has expanded its plant capacity of the tyre division from 53 lakh nos to 55 lakh nos of tyres per annum. The company has also invested Rs.3.17 crores for this expansion and modernization. It is developing new tyres for the export market. During 2002-03 the 2 subsidiary companies viz Nitya Sarvamangala Trading & Holding Limited and TVS Srichakra Holdings Limited was amalgamated with the company with prior approval from the board as well as from the Hon`ble High Court of Chennai. It has also increased the tyre capacity and tube capacity to 73.62 lakh and 65.52 lakh respectively. The above expansion as well as modernization of its plant was done at an outlay of Rs.525 lakhs. The company has invested in modeling software, machine center and in other related infrastructure for developing proven products, in the least possible development cycle time. The Company is accredited with ISO 9001 and ISO 14001 and won TPM Excellence award and practicing Six Sigma and Lean Manufacturing Techniques. During FY 2015, the Company entered new markets for the sale of off - highway tyres and expanded its two-wheeler tyre distribution channels. In order to improve the visibility of the brand, it participated in various international shows. Besides, it continues investments in brand building and thus provides two wheeler conveyance solutions in the industry while maintaining low cost of manufacturing. During FY 2016, the company sold its investments in TVS Europe Distribution Limited due to strategic reasons. It has taken initiatives for brand building to increase the aftermarket business. During FY 2017, the company focused on premium models and increased share of business in the market. During FY 2018, the company took concrete steps for technological `advancements required in the tyre industry for BS-VI standards and vehicle electrification. TVS Sensing Solutions Private Limited (TSSPL) (formerly known as ZF Electronics TVS India Pvt. Limited (ZFTVS)) became a wholly owned subsidiary of TSIL from 4th June 2018 and subsequently its name was changed to TSSPL. In August 2019, the company has launched the Brand TVS Eurogrip targeted at meeting the needs of the millennial customers. TVS Eurogrip is born out of extensive consumer research and significant investments in global R&D, design and technology platforms. On 08 December 2020, the company announced its planned capital expenditure of Rs.1,000 Crores to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is planned to be made over a three year period. The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by 25-30% and doubling of off-highway tyre capacity from current levels. The investment is planned to be funded by a mix of debt and internal accruals.

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Registered Address

TVS Building, 7-B West Veli Street, Madurai, Tamil Nadu, 625001

Tel : 91-0452-2443300
Email : investorgrievances:tvstyres.com
Website : http://www.tvstyres.com

Registrar

Integrated Registry Mgt Servic

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 509243
NSE Code : TVSSRICHAK
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE421C01016

ICICIdirect TVS Srichakra Ltd FAQ

You can buy TVS Srichakra Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy TVS Srichakra Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jun 30, 2022 04:01 PM the closing price of TVS Srichakra Ltd was ₹ 1,548.20.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 30, 2022 04:01 PM, the market cap of TVS Srichakra Ltd stood at ₹ 1,185.46.
The latest PE ratio of TVS Srichakra Ltd as of Jun 30, 2022 04:01 PM is 26.17
The latest PB ratio of TVS Srichakra Ltd as of Jun 30, 2022 04:01 PM is 0.81
The 52-week high of TVS Srichakra Ltd is ₹ 2,588.00 while the 52-week low is ₹ 1,470.00 .

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