TVS Holdings (BOM:520056) ROE %: 26.24% (As of Mar. 2026) — 48% Above Median


BOM:520056 TVS Holdings Ltd BOM:520056
87 GF Score
Price ₹14,090.55
GF Value ₹15,161.87
Valuation Fairly Valued
! 3 Warning Signs
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What is TVS Holdings ROE %?

TVS Holdings BOM:520056 -0.53% 87 ROE % is 26.24% as of Mar. 2026, which is 48% above its 10-year median of 17.76. GuruFocus rates BOM:520056 with a GF Score™ of 87/100 and a GF Value™ of ₹15,161.87 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,307 Vehicles & Parts companies, TVS Holdings ranks better than 95.79% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. TVS Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₹16,964 Mil. TVS Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹64,657 Mil. Therefore, TVS Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 26.24%.

The historical rank and industry rank for TVS Holdings's ROE % or its related term are showing as below:

BOM:520056' s ROE % Range Over the Past 10 Years
Min: 11.04   Med: 17.76   Max: 30.93
Current: 30.52

During the past 13 years, TVS Holdings's highest ROE % was 30.93%. The lowest was 11.04%. And the median was 17.76%.

BOM:520056's ROE % is ranked better than
95.79% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 6.6 vs BOM:520056: 30.52

TVS Holdings  (BOM:520056) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=16964.4/64657.3
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(16964.4 / 596095.2)*(596095.2 / 640076.7)*(640076.7 / 64657.3)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.85 %*0.9313*9.8995
=ROA %*Equity Multiplier
=2.65 %*9.8995
=26.24 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=16964.4/64657.3
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (16964.4 / 56173.2) * (56173.2 / 83639.6) * (83639.6 / 596095.2) * (596095.2 / 640076.7) * (640076.7 / 64657.3)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.302 * 0.6716 * 14.03 % * 0.9313 * 9.8995
=26.24 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


TVS Holdings ROE % Related Terms


TVS Holdings ROE % Historical Data

* Premium members only.

The historical data trend for TVS Holdings's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TVS Holdings ROE % Chart

TVS Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.04 15.62 26.32 30.93 30.41

TVS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.15 28.63 32.13 35.78 26.24

BOM:520056 vs ORLY, AZO: ROE % Comparison

For the Auto Parts subindustry, TVS Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TVS Holdings ROE % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TVS Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where TVS Holdings's ROE % falls into.


BOM:520056
87GF Score
TVS Holdings Ltd BOM:520056
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TVS Holdings ROE % Calculation

TVS Holdings's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=16956.9/( (46873.9+64657.3)/ 2 )
=16956.9/55765.6
=30.41 %

TVS Holdings's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=16964.4/( (0+64657.3)/ 1 )
=16964.4/64657.3
=26.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 26.24% mean?
TVS Holdings (BOM:520056) has a ROE % of 26.24% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TVS Holdings and its competitors. This is 48% above median its historical median of 17.76. Over the past decade, TVS Holdings' ROE % has ranged from 11.04 to 30.93. According to the industry distribution chart, TVS Holdings ranks #55 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 4.2%.
Is TVS Holdings' ROE % too high?
TVS Holdings' current ROE % of 26.24% is 48% above median its 10-year median of 17.76. Over the past 10 years, this metric has ranged from a low of 11.04 to a high of 30.93. The Vehicles & Parts industry median ROE % is 6.60. TVS Holdings' value of 26.24% is 297.6% above this industry median. Based on the distribution chart, TVS Holdings ranks #55 out of 1307 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, TVS Holdings has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TVS Holdings' ROE % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, TVS Holdings ranks #55 out of 1307 companies for ROE %. This places TVS Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median ROE % is 6.60. TVS Holdings' value of 26.24% is 297.6% above this benchmark. Historically, TVS Holdings' own ROE % has ranged from 11.04 to 30.93 over the past decade. While the company's 10-year median is 17.76 vs. the industry median of 6.60, TVS Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.60, based on 1,307 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TVS Holdings's current ROE % of 26.24% is 297.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on TVS Holdings and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVS Holdings's current ROE % is 26.24%, which is 48% above median its own 10-year median of 17.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TVS Holdings (BOM:520056) is currently considered Fairly Valued. The stock's GF Value™ is ₹15,161.87, compared to a current price of ₹14,090.55 — trading 7.1% below its estimated fair value. The current ROE % is 26.24%, which is 48% above median its 10-year median of 17.76 and 297.6% above the Vehicles & Parts industry median of 6.60. TVS Holdings' overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For TVS Holdings (BOM:520056), the current ROE % is 26.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TVS Holdings (BOM:520056) Overvalued in 2026?

Based on GuruFocus' analysis, TVS Holdings stock appears to be undervalued. The current stock price of ₹14,090.55 is trading 7.1% below its estimated GF Value™ of ₹15,161.87. GuruFocus considers TVS Holdings to be Fairly Valued.

Key valuation signals for BOM:520056:

  • ROE %: 26.24% (48% above median its 10-year median of 17.76)
  • GF Value™: ₹15,161.87 vs. price of ₹14,090.55 (7.1% below fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 297.6% above the Vehicles & Parts median (#55 of 1307)

No single metric tells the full story. See the BOM:520056 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TVS Holdings Business Description

Other Exchanges TVSHLTD:India
Address No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai, TN, IND, 600006
TVS Holdings Ltd is an auto component manufacturing company. It manufactures aluminum pressure die castings for heavy commercial vehicles, passenger cars, and two-wheelers. The product range includes flywheel housing, gear housing, clutch housing, filter heads, air connectors, lube oil cooler cover assembly, filtration module casting, turbochargers, and others. The company has the following reportable operating segments; Automotive components, Financial services, Automotive vehicles and parts, and others. Maximum revenue is generated from its Automotive vehicles and parts segment. Geographically, the company derives its key revenue from the domestic markets and the rest through exports.
87GF Score

Get the complete analysis for BOM:520056

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹14,090.55
Price
₹15,161.87
GF Value