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    Buy TVS Motor Company, target price Rs 1251: ICICI Securities

    Synopsis

    TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 48014.68 Crore) operating in Auto sector.

    BuyGetty Images
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 8590.56 Crore.
    ICICI Securities has buy call on TVS Motor Company with a target price of Rs 1251. The current market price of TVS Motor Company is Rs 1017.6.

    TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 48014.68 Crore) operating in Auto sector.

    TVS Motor Company key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Other Operating Revenue, Sale of services for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 8590.56 Crore, up 16.91 % from last quarter Total Income of Rs 7347.83 Crore and up 32.34 % from last year same quarter Total Income of Rs 6491.18 Crore. Company has reported net profit after tax of Rs 389.10 Crore in latest quarter.

    The company’s top management includes Mr.Venu Srinivasan, Mr.R Gopalan, Mr.Hemant Krishan Singh, Mrs.Lalita D Gupte, Dr.Lakshmi Venu, Mr.C R Dua, Mr.T Kannan, Mr.H Lakshmanan, Mr.K N Radhakrishnan, Mr.Sudarshan Venu, Prof.Sir Ralf Dieter Speth, Mr.Kuok Meng Xiong. Company has V Sankar Aiyar & Co. as its auditors. As on 31-12-2022, the company has a total of 48 Crore shares outstanding.

    Investment Rationale
    With the business scaling up, input commodity costs supporting margins, improved chip supply aiding Apache production and EVs moving toward parity with portfolio margin, the brokerage expects TVS’ EBITDAM to expand from current ~10% levels to ~11.5% in FY24E.





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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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