TVS Supply Chain SOL L
NSE: TVSSCS · Logistics Solution Provider · sector
₹110.52NSE close 2026-10-26
Key numbers
Market cap₹4,879 cr
Price₹110.52
52w high / low₹146 / ₹90
P/E75.7xSector median 13.7x
P/B2.4xSector median 1.4x
Book value₹46.1
Dividend yield–Sector median 0.60%
ROE3.4%Sector median 9.1%
ROCE8.3%Sector median 11.4%
OPM7.0%Sector median 7.0%
Debt / equity0.55xSector median 0.24x
EV/EBITDA6.4xSector median 8.9x
Interest cover1.6x
Current ratio1.02x
Sales growth 3y–Sector median +7.7%
Profit growth 3y–Sector median -9.8%
PEG2.63x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹724 cr vs borrowings ₹1,110 cr (FY26): borrowings are higher by ₹386 cr.
- Operating profit covered interest 1.6x in the last 12 months.
- 31.87% of the promoters' shares are pledged (13.7% of all shares).
- Operating cash flow was below net profit in 0 of the last 3 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 66% of net profit in the last 12 months.
- No dividend in the last 3 financial years.
- Price ₹110.52 on 2026-10-26: -24.6% from the 52-week high, +22.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹208.68 · low ₹95.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,513 | 2,445 | 2,499 | 2,592 | 2,663 | 2,716 | 3,032 | 3,335 |
| EBITDA | 169 | 135 | 170 | 263 | 182 | 196 | 216 | 225 |
| OPM % | 6.7% | 5.5% | 6.8% | 10.1% | 6.8% | 7.2% | 7.1% | 6.8% |
| Other income | 29 | 25 | 13 | 9 | 11 | 7 | 10 | 14 |
| Net profit | 9 | -25 | -5 | 70 | 16 | 11 | 18 | 21 |
| EPS (₹) | 0.21 | -0.56 | -0.11 | 1.60 | 0.35 | 0.24 | 0.40 | 0.47 |
| Revenue YoY | +6.0% | +11.1% | +21.3% | +28.7% | ||||
| Profit YoY | +67.6% | – | – | -70.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 9,200 | 9,996 | 11,003 | 11,746 |
| EBITDA | 669 | 696 | 859 | 819 |
| Net profit | -101 | -14 | 114 | 65 |
| EPS (₹) | -2.40 | -0.31 | 2.59 | 1.46 |
| Revenue growth | +8.6% | +10.1% | +16.9% | |
| Profit growth | – | – | +28.8% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +16.9% |
| Net profit | – | – | +28.8% |
| EPS | – | – | – |
| Share price | – | -20.9% (2y) | -10.0% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 1,815 | 1,802 | 2,034 |
| Borrowings | 794 | 859 | 1,110 |
| Cash & equivalents | 597 | 612 | 724 |
| Total assets | 5,829 | 5,758 | 7,200 |
| Fixed assets | 338 | 347 | 605 |
| Capital work in progress | 3 | 74 | 8 |
| Investments | 0 | 0 | 0 |
| Receivables | 1,403 | 1,440 | 1,644 |
| Inventory | 387 | 381 | 533 |
| Payables | 1,368 | 1,411 | 1,788 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 128 | 672 | 746 |
| Cash from investing | -122 | -147 | -292 |
| Cash from financing | -592 | -495 | -449 |
| Capex | 124 | 175 | 278 |
| Free cash flow | 4 | 497 | 468 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | -5.6% | -0.8% | 5.6% |
| ROCE % | 6.4% | 7.0% | 10.4% |
| Debtor days | 56 | 53 | 55 |
| Inventory days | 85 | 78 | 95 |
| Payable days | 301 | 289 | 318 |
| Cash conversion cycle (days) | -160 | -158 | -168 |
| Working capital days | 10 | 9 | 3 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 43.03% |
| FIIs | 2.41% |
| DIIs | 2.25% |
| of which Mutual funds | 0.17% |
| of which Insurance | 1.99% |
| Public (non-institutions) | 52.30% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 43.04% | 43.03% | 43.03% | 43.03% | 43.03% | 43.03% | 43.03% | 43.03% |
| Promoter group | % |
|---|---|
| Tvs Mobility Private Limited | 24.31% |
| T S Rajam Rubbers Private Limited | 14.87% |
| R Dinesh | 1.63% |
| Dhinrama Mobility Solution Private Limited | 1.20% |
| R Haresh | 0.31% |
| R Naresh | 0.28% |
| Shobhana Ramachandhran | 0.22% |
| Nitya Kalyanee Investment Limited | 0.13% |
| Preetha Balan Ramanathan | 0.03% |
| Srinivasan . | 0.02% |
| Latha Kumar | 0.01% |
| Geetaa S Abraham | 0.00% |
| Public holders above 1% | % |
|---|---|
| Lingotto Alternative Investments Master Fund Icav - Lingotto Special Opportunities Master Fund | 9.65% |
| Mahogany Logistics Services Private Limited | 8.50% |
| Tvs Motor Company Limited | 5.76% |
| Mahogany Singapore Company Pte. Ltd. | 4.27% |
| Sunil Kant Munjal | 3.38% |
| Sbi Life Insurance Co. Ltd | 1.99% |
1,20,167 shareholders. Pledged: 31.87% of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| GATEWAY | ₹2,323 cr | 9.5x | 1.0x | 10.9% | 13.2% | 21.6% | +15.9% | 7.17% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Integrated Supply Chain Solutions | ₹8,256 cr | 74.9% | ₹734 cr | 8.9% |
| Global Forwarding Solutions | ₹2,769 cr | 25.1% | ₹61 cr | 2.2% |
| Unallocated and Intersegmental elimination | ₹0 cr | – | ₹-24 cr | – |
| Other Income | ₹0 cr | – | ₹38 cr | – |
| Exceptional Items (refer note 4) | ₹0 cr | – | ₹-106 cr | – |
| Depreciation and amortisation | ₹0 cr | – | ₹-570 cr | – |
| Foreign exchange (loss)/gain (net) | ₹0 cr | – | ₹14 cr | – |
| Share based payments | ₹0 cr | – | ₹-2 cr | – |
| Intersegmental elimination | ₹0 cr | – | ₹0 cr | – |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Income from supply chain management services: End-to-end supply chain services from sourcing and procurement to consultancy and product Management Solutions. Integrated solutions provider in terms of global forwarding solutions and time critical final mile solutions.
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | TVSSCS |
| BSE code | 543965 |
| ISIN | INE395N01027 |
| Face value | ₹1.0 |
| Incorporated | 2004-11-16 |
| Website | www.tvsscs.com |
| Plants (India / abroad) | 231 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.