TVSMOTOR
TVS Motor Company Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
TVSMOTOR
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹4,313 today
BEAR
₹2,598
-40%
5.8% a year · 38.7x exit
BASE
₹3,382
-22%
10% a year · 48.4x exit
BULL
₹3,983
-8%
13.6% a year · 55.2x exit
Where the market has priced it
21x68x today — outside the range60x
management named no year; shown one year out
- at 68x its FY26 earnings the stock already trades above the top of its own ten-year range (55x)
- this company's own median multiple sits 97% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹63.53 (screener) |
|---|---|
| Guided growth | 10% a year, said on the call of 28-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 38.66x / 48.39x / 55.2x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 24.58x across 8 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 10%
I'm very sure it will maintain the same momentum, double-digit growth is minimum what we are expecting in the market, very healthy ICE demand and EV could be similar to the growth what we have witnessed in Q1.
Call 28-Jul-2026 · bridge confidence medium · transcript PDF