Buy TVS Motor Company, target price Rs 1225: JM Financial

JM Financial has buy call on TVS Motor Company with a target price of Rs 1225. The current market price of TVS Motor Company is Rs 1026.7. Time period given by analyst is 12 months when TVS Motor Company price can reach defined target.

TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 48268.85 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-202

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 expected pick-up in rural sales, robust premium product portfolio and recovery in export demand, the company is one of the brokerage's top picks in the 2W space.