TVS Srichakra Share Price Target 2024, 2025 to 2030, Raising Share & Performance: In this article, we will discuss TVS Srichakra Share Target from 2024 to 2030, including its performance, stock market updates, financial health and performance analysis, shareholding pattern, peer competitors, and more details about TVS Srichakra.
TVS Srichakra Ltd. is a leading manufacturer of tires and tubes in India, specializing in two-wheeler and three-wheeler segments. As part of the renowned TVS Group, the company has a strong presence in both domestic and international markets, offering high-quality products tailored to diverse customer needs.
Overview of TVS Srichakra Ltd
What is TVS Srichakra Ltd?
TVS Srichakra Ltd is a leading Indian tire manufacturer, primarily catering to the two-wheeler and three-wheeler segments. Known for its high-quality products, the company is a key player in the tire manufacturing industry. With a robust domestic presence and a growing international footprint, TVS Srichakra has earned a reputation for innovation and reliability. Headquartered in India, the company is an integral part of the renowned TVS Group.
TVS Srichakra is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), enhancing its visibility in the Indian stock market.
Key Features of TVS Srichakra Ltd:
- Two- and Three-Wheeler Tire Specialist: TVS Srichakra is a leading producer of tires and tubes tailored for two-wheelers and three-wheelers.
- Global Market Reach: The company exports its products to several countries, expanding its presence in international markets.
- Innovative Manufacturing: With a focus on technological advancements, the company consistently delivers durable and high-performing tires.
- Employee Strength: Supported by a workforce of over 2,700 employees, the company is committed to maintaining high operational standards.
- Subsidiaries: TVS Srichakra oversees several subsidiaries, such as TVS Srichakra Investments Limited and SG Acquisition Corporation, broadening its operations and market influence.
Information about TVS Srichakra Ltd:
| Information | Details |
|---|---|
| Website | tvseurogrip.com |
| Headquarters | India |
| Founded | 1982 |
| Managing Director & CEO | Not mentioned |
| Number of Employees | 2,762 (2024) |
| Revenue | Not mentioned |
| Parent Organization | TVS Group |
| Subsidiaries | TVS Srichakra Investments Limited, SG Acquisition Corporation, Michelin India Private Limited |
| BSE Symbol | Not mentioned |
| NSE Symbol | Not mentioned |
Current Market Position of TVS Srichakra Ltd Share
As of November 2024, TVS Srichakra’s share has demonstrated mixed performance trends. It is up by +0.66% today and has gained +1.39% over the past week. Over the past month, the share has shown a modest increase of +0.1%, but it has declined significantly by -24.22% over the last three months. Looking at longer-term performance, TVS Srichakra’s share has fallen by -27.25% over the past year but delivered a solid return of +65.88% over the past three years and an impressive gain of +102.02% over the past five years.
TVS Srichakra Share Fundamental Data
- Market Cap: ₹2,762 Cr.
- Current Price: ₹3,605
- High / Low: ₹5,097 / ₹3,470
- Stock P/E: 39.9
- Book Value: ₹1,404
- Dividend Yield: 1.32%
- ROCE: 11.1%
- ROE: 10.6%
- Face Value: ₹10.0
Market Position of TVS Srichakra Share as of November 2024
| Time Period | Returns of TVS Srichakra Share |
|---|---|
| 1 Day | 0.66% |
| 1 Week | 1.39% |
| 1 Month | 0.1% |
| 3 Months | -24.22% |
| 1 Year | -27.25% |
| 3 Years | 65.88% |
| 5 Years | 102.02% |
TVS Srichakra Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
TVS Srichakra Share Price Target in 2024
In 2024, the share price target for TVS Srichakra is expected to range between ₹3,800 and ₹4,200. This projection reflects potential recovery from recent short-term declines, supported by the company’s established market position and long-term growth trajectory.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹3,800 | ₹4,200 |
TVS Srichakra Share Price Target in 2025
For 2025, TVS Srichakra’s share price target is projected to range between ₹4,500 and ₹5,000. Expected stabilization in the market, coupled with renewed demand for two-wheeler and three-wheeler tires, will likely drive this growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹4,500 | ₹5,000 |
TVS Srichakra Share Price Target in 2026
In 2026, the share price target for TVS Srichakra is anticipated to range between ₹5,400 and ₹6,000. The company’s long-term performance trends and potential expansion in international markets will contribute to this increase.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹5,400 | ₹6,000 |
TVS Srichakra Share Price Target in 2027
By 2027, TVS Srichakra’s share price target is projected to range between ₹6,300 and ₹7,000. This growth is attributed to the company’s increasing market share and advancements in tire technology.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹6,300 | ₹7,000 |
TVS Srichakra Share Price Target in 2028
In 2028, the share price target for TVS Srichakra is estimated to range between ₹7,200 and ₹8,000. The company’s adaptability to changing market trends and strong global presence will support sustained growth.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹7,200 | ₹8,000 |
TVS Srichakra Share Price Target in 2029
For 2029, the share price target for TVS Srichakra is expected to range between ₹8,300 and ₹9,200, driven by consistent demand and a solid competitive position in the tire manufacturing industry.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹8,300 | ₹9,200 |
TVS Srichakra Share Price Target in 2030
By 2030, TVS Srichakra’s share price target is projected to range between ₹9,500 and ₹10,500, reflecting the company’s strong market leadership and continuous growth in both domestic and international markets.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹9,500 | ₹10,500 |
Financial Health and Performance Analysis of TVS Srichakra Ltd (FY 2020 – FY 2024)
TVS Srichakra Financials Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹2,932.63 Cr | -2.05% |
| Total Expenses | ₹2,777.67 Cr | -3.79% |
| Profit after Tax (PAT) | ₹107.95 Cr | +38.42% |
| Operating Profit Margin | 6.82% | – |
| Net Profit Margin | 3.68% | – |
| Basic EPS (₹) | ₹140.98 | +38.42% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹2,994.14 Cr | +18.13% |
| Total Expenses | ₹2,887.21 Cr | +16.76% |
| Profit after Tax (PAT) | ₹77.99 Cr | +79.41% |
| Operating Profit Margin | 4.90% | – |
| Net Profit Margin | 2.61% | – |
| Basic EPS (₹) | ₹101.85 | +79.41% |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹2,534.66 Cr | +30.36% |
| Total Expenses | ₹2,472.77 Cr | +33.92% |
| Profit after Tax (PAT) | ₹43.47 Cr | -41.19% |
| Operating Profit Margin | 3.69% | – |
| Net Profit Margin | 1.71% | – |
| Basic EPS (₹) | ₹56.77 | -41.19% |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹1,944.42 Cr | -8.02% |
| Total Expenses | ₹1,846.42 Cr | -8.89% |
| Profit after Tax (PAT) | ₹73.92 Cr | -10.23% |
| Operating Profit Margin | 6.70% | – |
| Net Profit Margin | 3.81% | – |
| Basic EPS (₹) | ₹96.54 | -10.23% |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹2,113.93 Cr | -13.47% |
| Total Expenses | ₹2,026.50 Cr | -11.49% |
| Profit after Tax (PAT) | ₹82.34 Cr | -20.01% |
| Operating Profit Margin | 5.95% | – |
| Net Profit Margin | 3.91% | – |
| Basic EPS (₹) | ₹107.53 | -20.01% |
Analysis Summary
- Revenue Growth: TVS Srichakra experienced consistent revenue growth between FY 2021 and FY 2023, with a peak growth of 30.36% in FY 2022. However, revenue declined by 2.05% in FY 2024, indicating market challenges.
- Expense Management: Total expenses followed a similar trend to revenue, peaking in FY 2022 with a growth of 33.92%. In FY 2024, expenses reduced by 3.79%, reflecting effective cost control measures.
- Profitability: Profit after Tax (PAT) grew significantly in FY 2023 (+79.41%) and FY 2024 (+38.42%), signaling improved operational efficiency.
- Margins: The Operating Profit Margin (OPM) and Net Profit Margin (NPM) improved steadily, reaching 6.82% and 3.68%, respectively, in FY 2024.
- Earnings Per Share (EPS): Basic EPS saw robust growth in FY 2023 (+79.41%) and FY 2024 (+38.42%), reaching ₹140.98, reflecting strong shareholder value creation.
How to Buy TVS Srichakra Ltd Shares
- Choose a Broker: Select a brokerage platform offering TVS Srichakra Ltd shares for trading.
- Open a Trading Account: Set up a Demat and trading account with your chosen broker.
- Complete KYC: Provide identity and address verification documents to complete the KYC process.
- Deposit Funds: Add funds to your trading account to enable share purchases.
- Search for TVS Srichakra Ltd Shares: Look up the shares by the company name or ticker symbol.
- Place an Order: Choose the quantity of shares to buy and place a market or limit order.
- Confirm Purchase: Review the transaction details and confirm your order.
TVS Srichakra Share Price Target for the Next 5 Years:
TVS Srichakra, a leader in the tire manufacturing sector, is well-positioned to capitalize on growing market demands and technological advancements. Below are the projected share price targets for TVS Srichakra for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹3,800 | ₹4,200 |
| 2025 | ₹4,500 | ₹5,000 |
| 2026 | ₹5,400 | ₹6,000 |
| 2027 | ₹6,300 | ₹7,000 |
| 2028 | ₹7,200 | ₹8,000 |
Shareholding Pattern of TVS Srichakra
Promoters:
- No. of Shares: 34,99,493
- Percentage: 45.70%
- % Change QoQ: 0.00%
Pledge:
- No. of Shares: 0
- Percentage: 0.00%
- % Change QoQ: 0.00%
FII (Foreign Institutional Investors):
- No. of Shares: 80,241
- Percentage: 1.05%
- % Change QoQ: +0.05%
DII (Domestic Institutional Investors):
- No. of Shares: 3,77,447
- Percentage: 4.93%
- % Change QoQ: -0.07%
MF (Mutual Funds):
- No. of Shares: 3,77,447
- Percentage: 4.93%
- % Change QoQ: -0.07%
Others:
- No. of Shares: 36,99,869
- Percentage: 48.32%
- % Change QoQ: +0.02%
Pros and Cons of TVS Srichakra Shareholding
Pros:
- Strong Promoter Stake: The promoters hold 45.70% of the shares, which indicates significant control over the company. The promoter stake remains steady with no change QoQ.
- Minimal Pledged Shares: With no shares pledged, there are no financial encumbrances, indicating a clear capital structure and reduced risk for investors.
Cons:
- Low Foreign Institutional Investor (FII) Holding: FIIs hold only 1.05% of the company’s shares, with a slight increase of 0.05% QoQ. This indicates limited foreign investor confidence in comparison to institutional or retail investors.
- DII and MF Decrease: Domestic institutional investors (DII) and mutual funds (MF) both saw a slight decrease of -0.07% in their holdings, which may reflect a reduction in institutional interest in the short term.
- High “Others” Stake: The “Others” category holds 48.32% of the shares, which may suggest a high level of retail or non-institutional investor interest, potentially increasing market volatility.
Peer Competitors of TVS Srichakra in the Tyres Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Balkrishna Inds | 2766.50 | 53481.22 |
| MRF | 125004.75 | 53001.98 |
| Apollo Tyres | 506.40 | 32161.50 |
| CEAT | 2914.90 | 11790.75 |
| JK Tyre & Indust | 365.95 | 10027.75 |
| TVS Srichakra | 3605.45 | 2761.78 |
| Goodyear India | 1019.20 | 2351.30 |
FAQ
1. What is the share price target for TVS Srichakra in 2024?
The projected share price target for TVS Srichakra in 2024 ranges between ₹3,800 and ₹4,200.
2. What is the expected share price target for TVS Srichakra in 2025?
For 2025, the share price target for TVS Srichakra is projected to be between ₹4,500 and ₹5,000.
3. How is TVS Srichakra performing in the tyre industry compared to its peers?
TVS Srichakra has a strong market position, with a share price of ₹3,605.45 and a market cap of ₹2,761.78 crores. It is part of a competitive landscape that includes major players like MRF, Balkrishna Industries, and Apollo Tyres.
4. What is the shareholding pattern of TVS Srichakra?
TVS Srichakra has the following shareholding pattern:
- Promoters hold 45.70% of the shares.
- Foreign Institutional Investors (FII) own 1.05%.
- Domestic Institutional Investors (DII) and Mutual Funds (MF) both hold 4.93%.
- Others hold 48.32% of the shares.
5. Who are the major competitors of TVS Srichakra in the tyre industry?
The major competitors in the tyre industry include:
- Balkrishna Industries with a share price of ₹2,766.50 and a market cap of ₹53,481.22 crores.
- MRF with a share price of ₹1,25,004.75 and a market cap of ₹53,001.98 crores.
- Apollo Tyres with a share price of ₹506.40 and a market cap of ₹32,161.50 crores.
6. How has TVS Srichakra performed in recent quarters?
TVS Srichakra’s share price has shown some fluctuations, with its most recent quarter experiencing a 74.36% decline in profits, which may have impacted its market performance. However, its market strategy is focused on growth in both domestic and international markets.
7. What is the dividend yield of TVS Srichakra?
TVS Srichakra has a dividend yield of 1.32%, reflecting its approach to providing returns to shareholders.
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