Budget 2020

Sell TVS Motor Company, target price Rs 365: Prabhudas Lilladher

Prabhudas Lilladher has given a sell rating to TVS Motor with a target price of Rs 365. The share price moved up by 3.34 per cent from its previous close of Rs 468.45. The stock’s last traded price is Rs 484.10.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 22908.70 Crore) operating in Auto sector.

TVS Motor Company Ltd. key Products/Revenue Segments include Automobile – 2 & 3 Wheelers which contributed Rs 16158.15 Crore to Sales Value (88.73 % of Total Sales), Accessories & Spares which contributed Rs 1720.97 Crore to Sales Value (9.45 % of Total Sales), Other Operating Revenue which contributed Rs 297.41 Crore to Sales Value (1.63 % of Total Sales), I T Services which contributed Rs 16.72 Crore to Sales Value (0.09 % of Total Sales), Royalty Income which contributed Rs 16.67 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1939.65 Crore, down 52.75 % from last quarter Sales of Rs 4104.71 Crore and down 61.35 % from last year same quarter Sales of Rs 5018.34 Crore. The Company reported net profit after tax of Rs -179.96 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.39 per cent stake in the company as of March 31, 2020, while FIIs held 11.37 per cent, DIIs 21.01 per cent and public and others 10.04 per cent.