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Latest filing: 2026-10-08 11:35
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TVS Srichakra receives ₹34.44 Cr cash exit from promoter group firm capital reduction
TVS Srichakra has realized ₹34.44 crore in cash following a selective capital reduction by promoter group entity TASL Automobile Solutions Private Limited. The exit was executed at ₹377.70 per share for the company's entire 7.58% stake (9,11,741 equity shares), which has now been extinguished. The NCLT Chennai-approved scheme became effective on October 7, 2026. The received cash represents approximately 37% of TVS Srichakra's TTM PAT of ₹92 crore.
Confidence: HIGH
What changedTVS Srichakra extinguished its entire 7.58% stake in promoter group firm TASL Automobile Solutions and received ₹34.44 crore in cash.
Why it mattersProvides an immediate cash inflow of ₹34.44 crore (around 37% of TTM net profit), monetizing an illiquid minority holding in a promoter group company.
Cash consideration received: Rs. 34.44 CroreExit price per share: Rs. 377.70Shares cancelled: 9,11,741Stake extinguished: 7.58 %Cash inflow vs TTM PAT: ~37.4%
📅 Short termPositive liquidity boost that adds cash to the balance sheet, with potential one-off accounting impacts in upcoming quarterly reporting.
📈 Long termLimited operational impact as TASL Automobile was a non-core minority investment, but it tidies up cross-holdings within promoter entities.
Key Highlights
Received total cash consideration of ₹34.44 crore on capital reduction exit
Exit price determined at ₹377.70 per equity share
Extinguished entire holding of 9,11,741 shares representing 7.58% stake in TASL Automobile
NCLT Division Bench, Court - II, Chennai sanctioned scheme effective October 7, 2026
👀 What to Watch
Track the upcoming Q3 FY27 quarterly results to observe how the realized gain or loss on this investment exit is accounted for in other income or exceptional items.
TVS Srichakra Q1 Standalone PAT Jumps 61% YoY to ₹29.22 Cr; Revenue Up 31%
TVS Srichakra reported a strong performance for Q1 FY27, with standalone revenue from operations growing 30.9% YoY to ₹997.36 Cr. Standalone Net Profit surged 61.3% YoY to ₹29.22 Cr, supported by a ₹7.21 Cr one-time gain from US tariff refunds recognized in other income. While raw material costs rose 24% YoY to ₹543.46 Cr, the company maintained growth momentum. The quarterly EPS improved significantly to ₹38.15 from ₹23.66 in the corresponding quarter last year.
Confidence: HIGH
What changedThe company has reported a significant YoY improvement in both top-line and bottom-line for the first quarter of FY27, aided by a legal victory regarding US import tariffs.
Why it mattersThe strong revenue growth indicates robust demand in the two-wheeler and off-highway tyre segments, while the US tariff refund provides a non-recurring boost to liquidity and earnings.
Standalone Revenue (Q1 FY27): ₹997.36 CrStandalone PAT (Q1 FY27): ₹29.22 CrUS Tariff Refund Receivable: ₹7.21 CrRevenue vs TTM Revenue: 27.4%Standalone EPS (Q1 FY27): ₹38.15
📅 Short termThe stock is likely to react positively to the strong YoY profit growth and the one-time gain from the US tariff refund.
📈 Long termLong-term growth depends on the successful integration of the US-based Super Grip Corp and the company's ability to pass on raw material price increases in the competitive tyre market.
⚠ Risk flags
- Rising raw material costs (rubber prices) impacting margins
- Geopolitical risks affecting export demand
- One-time nature of the tariff refund gain
Key Highlights
Standalone Revenue from Operations increased to ₹997.36 Cr, up 30.9% from ₹761.74 Cr in Q1 FY26.
Net Profit after tax rose to ₹29.22 Cr, a 61.3% increase compared to ₹18.12 Cr in the same period last year.
Recognized a ₹7.21 Cr receivable (net) following a U.S. Supreme Court ruling invalidating certain tariffs.
Raw material consumption costs increased to ₹543.46 Cr from ₹438.12 Cr YoY, reflecting pricing pressures.
Exceptional items included a ₹1.00 Cr expenditure related to a Voluntary Retirement Scheme (VRS).
👀 What to Watch
Investors should monitor the impact of rising rubber prices on operating margins in upcoming quarters and track the performance of the US subsidiary, Super Grip Corporation, to assess consolidated growth.
TVS Srichakra to acquire 51% stake in Weber Drivetrain for ₹1.43 Cr
TVS Srichakra's step-down subsidiary, TVS Sensing Solutions, is acquiring a 51% controlling stake in Weber Drivetrain Private Limited for ₹1.43 crore. Weber is a Pune-based EV technology company specializing in electric motors and controllers, with an FY26 turnover of ₹14.17 crore. While the acquisition cost is negligible at ~0.04% of TVS Srichakra's TTM revenue of ₹3,643 crore, it represents a strategic move into EV electronics capability building. The transaction is expected to be completed within six months.
Confidence: HIGH
What changedTVS Srichakra is expanding its footprint into the EV component space (motors and controllers) by acquiring a controlling stake in a specialized technology firm.
Why it mattersThis move helps the company diversify from its core tyre business into high-growth EV electronics, though the current scale of the target is too small to impact consolidated financials significantly.
Acquisition Cost: ₹1.43 CrStake Acquired: 51%Target Turnover (FY26): ₹14.17 CrCost vs TTM Revenue: ~0.04%Target Turnover vs TTM Revenue: ~0.39%
📅 Short termThe stock is unlikely to see significant movement as the deal size is very small relative to the company's market cap and revenue.
📈 Long termProvides a foundation for EV drivetrain electronics, which could become relevant if the company successfully scales Weber's technology for its major OEM partners like Bajaj and Yamaha.
⚠ Risk flags
- Execution risk in diversifying into electronics/drivetrains which is outside the core tyre manufacturing business
- Small scale of the target company
Key Highlights
Acquisition of 5,100 equity shares representing 51% stake for ₹1.43 crore in cash
Target company Weber Drivetrain reported a turnover of ₹14.17 crore in FY26, up from ₹11.65 crore in FY25
The acquisition is expected to close within 6 months from the agreement date of July 19, 2026
Weber Drivetrain specializes in designing and manufacturing electric motors and controllers for EV OEMs
Acquisition cost represents approximately 0.12% of TVS Srichakra's net worth of ₹1,231 crore
👀 What to Watch
Investors should view this as a small-scale strategic investment in EV technology rather than a financial driver; watch for how this electronics capability is integrated into the company's existing auto-ancillary offerings over the next 2-3 years.
TVS Srichakra to Invest ₹220 Crore for Capacity Expansion in Madurai
TVS Srichakra has approved a capital expenditure of ₹220 crore to expand its manufacturing facilities at Vellaripatti, Madurai. The investment is divided equally between the 2-wheeler tyre plant (₹110 crore) and the Off-Highway Tyre (OHT) plant (₹110 crore). The OHT segment will see a significant 25% capacity increase by H1 FY 2027-28, while the 2-wheeler segment will add 5% capacity by H1 FY 2028-29. The expansion will be funded through a mix of internal accruals and debt to address growing market demand.
Key Highlights
Total capital investment of ₹220 crore approved for capacity expansion at Madurai units.
Off-Highway Tyre (OHT) capacity to increase by 25% with ₹110 crore investment by H1 FY28.
2-Wheeler tyre capacity to grow by 5% with ₹110 crore investment by H1 FY29.
Current capacity utilization is high at 80-85% for 2W and 75-80% for OHT segments.
Funding strategy involves a combination of internal accruals and debt.
👀 What to Watch
Investors should monitor the execution timelines and the impact of new debt on the balance sheet, as the 25% expansion in the OHT segment could significantly boost long-term margins.
TVS Srichakra FY26 Net Profit Jumps 124% to ₹82.7 Cr; Recommends ₹37.80 Dividend
TVS Srichakra reported a strong financial performance for FY26, with standalone revenue growing 12% to ₹3,389.66 crore. The company's net profit witnessed a massive surge of 124%, reaching ₹82.71 crore compared to ₹36.96 crore in the previous fiscal year. In light of these results, the Board has recommended a substantial final dividend of ₹37.80 per equity share. The bottom line was supported by a ₹18.81 crore government grant, though impacted by a ₹10.61 crore one-time provision for new labour codes.
Key Highlights
Standalone Net Profit for FY26 surged 123.8% YoY to ₹82.71 crore from ₹36.96 crore
Revenue from operations increased to ₹3,389.66 crore in FY26, a 12.1% growth over FY25
Recommended a final dividend of ₹37.80 per share (378% of face value)
Earnings Per Share (EPS) for the full year rose to ₹108.02 from ₹48.28
Exceptional income includes a ₹18.81 crore SIPCOT investment subsidy grant
👀 What to Watch
The significant jump in profitability and high dividend payout reflect strong operational recovery and cash flow. Investors should consider the stock for its improved earnings profile and attractive dividend yield.
TVS Srichakra FY26 Net Profit Jumps 124% to ₹82.7 Cr; Declares ₹37.80 Dividend
TVS Srichakra reported a strong financial performance for the year ended March 31, 2026, with revenue rising 12% to ₹3,389.66 crore. Net profit witnessed a massive 124% year-on-year growth, reaching ₹82.71 crore, supported by a ₹18.81 crore government grant. The company has rewarded shareholders with a significant final dividend of ₹37.80 per share. While exceptional items like labour code provisions of ₹10.61 crore were recorded, the overall EPS surged to ₹108.02 from ₹48.28.
Key Highlights
Annual Revenue from Operations increased 12.1% YoY to ₹3,389.66 crore.
Net Profit for FY26 surged 123.8% to ₹82.71 crore compared to ₹36.96 crore in FY25.
Recommended a final dividend of ₹37.80 per share (378% on face value of ₹10).
Earnings Per Share (EPS) rose sharply to ₹108.02 from ₹48.28 in the previous year.
Exceptional items include an ₹18.81 crore investment subsidy and a ₹10.61 crore labour code obligation.
👀 What to Watch
The sharp recovery in profitability and the high dividend payout make this a positive development for long-term holders. Investors should monitor the sustainability of margins amidst fluctuating rubber prices and the implementation of new labour laws.
TVS Srichakra's Income Tax Demand Reduced from ₹29.47 Cr to ₹3.11 Cr
TVS Srichakra Limited has successfully obtained a rectification order regarding a significant income tax demand for FY 2017-18. The original demand of ₹29.47 crore, primarily related to Section 14A disallowances, has been reduced to ₹3.11 crore following the company's application. While the reduction is substantial, the company is still pursuing an appeal before the Commissioner of Income Tax (Appeals) to contest the remaining amount. The management has stated there is no material impact on the company's financial position or operations.
Key Highlights
Original income tax demand of ₹29.47 crore for FY 2017-18 (AY 2018-19) issued in March 2026.
Rectification order received on May 7, 2026, reduced the demand to ₹3.11 crore.
The dispute involves disallowances under Section 14A of the Income-tax Act, 1961.
A separate appeal against the original order remains pending before the Commissioner of Income Tax (Appeals).
Company confirms no material impact on operations or financial stability from this order.
👀 What to Watch
Investors should note this as a positive development in resolving a tax contingency, though the final liability depends on the pending appeal. No immediate portfolio changes are necessary as the financial impact is relatively small compared to the company's scale.
TVS Srichakra Shareholders Approve Re-appointment of R Naresh as MD with 96.35% Majority
TVS Srichakra Limited has announced the results of a postal ballot where shareholders approved the re-appointment of Mr. R Naresh as Managing Director (Executive Vice-Chairman). The new term is for three years, effective from June 16, 2026. The special resolution passed with a significant majority of 96.35% of the total votes polled. However, there was notable dissent from public institutions, with 25.18% of their votes cast against the resolution.
Key Highlights
Special resolution passed for re-appointment of Mr. R Naresh as MD for a 3-year term starting June 2026.
Total voter turnout was 46.48%, with 3,559,105 votes polled out of 7,657,050 shares.
Overall approval stood at 96.35% (3,429,181 votes) in favor versus 3.65% against.
Public institutional investors showed resistance, with 25.18% of their votes (128,673 shares) cast against the proposal.
Promoter and Promoter Group voted 100% in favor of the resolution.
👀 What to Watch
Investors should note the continuity in leadership as a positive for operational stability, though the institutional dissent may signal underlying concerns regarding executive compensation or governance that should be monitored in future filings.
TVS Srichakra Receives ₹29.47 Crore Income Tax Demand Notice
TVS Srichakra Limited has been served an Income Tax demand notice totaling ₹29.47 crores, which includes both tax and interest for the Assessment Year 2018-19. The demand stems from a disallowance under Section 14A of the Income Tax Act, 1961, and includes proposed penalty proceedings for alleged under-reporting of income. The company maintains that the demand lacks merit and intends to file an appeal with the Commissioner of Income Tax (Appeals) within 30 days. While the company does not expect a material financial impact, the outcome of the litigation remains a point of interest for stakeholders.
Key Highlights
Total tax demand of ₹29,47,06,740 (including interest) raised by the Income Tax Department.
The dispute relates to disallowance under Section 14A for FY 2017-18 (AY 2018-19).
Penalty proceedings under Section 270A have been proposed for under-reporting of income.
The company will contest the order by filing an appeal with CIT (Appeals) within 30 days.
Management believes the demand notice does not consider previously submitted case laws and responses.
👀 What to Watch
Investors should monitor the progress of the appeal process as the demand represents a significant contingent liability. No immediate action is required as the company is pursuing standard legal remedies to contest the claim.
TVS Srichakra Seeks Shareholder Approval to Re-appoint R Naresh as MD for 3 Years
TVS Srichakra has initiated a postal ballot to seek shareholder approval for the re-appointment of Mr. R Naresh as Managing Director (Executive Vice-Chairman) for a three-year term starting June 16, 2026. As Mr. Naresh will attain the age of 70 during this tenure, a special resolution is required under the Companies Act. The proposed remuneration is capped at 5% of the company's net profits, with provisions for minimum remuneration in case of inadequate profits. Shareholders can participate in the electronic voting process between February 28 and March 29, 2026.
Key Highlights
Proposed re-appointment of Mr. R Naresh for a 3-year term effective from June 16, 2026.
Remuneration is set at a maximum of 5% of net profits as per Section 197 of the Companies Act.
Special resolution is necessitated by the appointee reaching 70 years of age during the term.
E-voting period for shareholders starts on February 28, 2026, and ends on March 29, 2026.
Mr. R Naresh has been associated with the company board since June 1982, providing over 40 years of leadership.
👀 What to Watch
Investors should consider this a routine move to ensure leadership continuity; no immediate portfolio changes are recommended based on this administrative update.
TVS Srichakra Q3 Results: Revenue Up 14% to ₹916.5 Cr; Returns to Profitability with ₹11.2 Cr PAT
TVS Srichakra Limited (TVS Eurogrip) reported a strong turnaround in Q3 FY26, with consolidated revenue growing 14.2% YoY to ₹916.51 crore. The company posted a net profit of ₹11.18 crore, a significant recovery from the ₹6.02 crore loss reported in the same period last year. Results were influenced by a net exceptional gain of ₹13.88 crore, which included a ₹18.81 crore government subsidy offset by ₹11.67 crore in new labour code obligations. The board also approved the re-appointment of Mr. R Naresh as Managing Director for a three-year term starting June 2026.
Key Highlights
Consolidated Revenue from Operations grew 14.2% YoY to ₹916.51 crore from ₹802.73 crore.
Consolidated Net Profit stood at ₹11.18 crore for Q3 FY26 versus a loss of ₹6.02 crore in Q3 FY25.
Exceptional items include a ₹18.81 crore investment promotion subsidy and a ₹11.67 crore provision for New Labour Code obligations.
Standalone EPS improved significantly to ₹18.49 for the quarter from a negative ₹4.02 in the prior year period.
Nine-month consolidated revenue reached ₹2,662.41 crore, up from ₹2,435.45 crore in the previous year.
👀 What to Watch
The company's return to profitability and steady revenue growth are positive indicators for long-term investors. Shareholders should monitor how the company manages the transition to the New Labour Codes and the sustainability of operating margins without one-time subsidy gains.
TVS Srichakra Q3 Results: Consolidated Net Profit at ₹11.18 Cr; Revenue Grows 14% YoY
TVS Srichakra reported a consolidated revenue of ₹916.51 crore for Q3 FY26, marking a 14.2% increase compared to ₹802.73 crore in the same quarter last year. The company successfully turned profitable with a net profit of ₹11.18 crore, recovering from a loss of ₹6.02 crore in Q3 FY25. The bottom line was significantly impacted by net exceptional gains of ₹13.88 crore, which included an ₹18.81 crore government subsidy offset by ₹11.67 crore in new labor code obligations. Additionally, the board has approved the re-appointment of Mr. R Naresh as Managing Director for a three-year term.
Key Highlights
Consolidated Revenue from Operations grew 14.2% YoY to ₹916.51 crore from ₹802.73 crore.
Turned around to a Consolidated Net Profit of ₹11.18 crore vs a loss of ₹6.02 crore in Q3 FY25.
Exceptional items included a ₹18.81 crore capital subsidy and a ₹11.67 crore provision for new labor codes.
Nine-month consolidated profit stands at ₹34.97 crore compared to ₹10.87 crore in the previous year.
Re-appointed Mr. R Naresh as Managing Director (Executive Vice-Chairman) for 3 years effective June 2026.
👀 What to Watch
The company shows a strong YoY recovery in profitability and steady revenue growth, though exceptional items skewed the current quarter's bottom line. Investors should monitor the impact of rising raw material costs and the finalization of labor code rules on future margins.
TVS Srichakra Approves Rs 210 Cr Investment for 40-45% Capacity Expansion
TVS Srichakra's Board has approved a capital investment of up to Rs 210 crore to expand manufacturing capacity at its Rudrapur facility in Uttarakhand. The company aims to increase its current capacity of 92-95 lakh tyres per annum by approximately 40-45% to meet growing demand in the 2/3-wheeler segment. The expansion project is slated for completion by the first half of FY 2027-28 and will be funded through a mix of internal accruals and debt. This move comes as current capacity utilization has reached a high level of 80-85%.
Key Highlights
Capital investment of up to Rs 210.00 crore approved for the Rudrapur manufacturing unit.
Proposed capacity addition of 40-45% to the existing 92-95 lakh tyres per annum.
Current capacity utilization is high at approximately 80-85%.
Project completion targeted for the first half of FY 2027-28.
Funding strategy involves a combination of internal accruals and debt.
👀 What to Watch
Investors should monitor the execution timeline and the impact of additional debt on the balance sheet, though the expansion signals strong demand visibility. The high current utilization suggests this capacity is necessary for long-term revenue growth.
TVS Srichakra Receives GST Tax Demand and Penalty Order of ₹55.11 Crore
TVS Srichakra Limited has received an order from the Joint Commissioner of CGST, Dehradun, confirming a total demand of ₹55.11 crore. The demand includes a tax component of ₹27.56 crore and an equivalent penalty of ₹27.56 crore for the period FY 2018-19 to 2020-21. The dispute stems from alleged mismatches between GSTR-3B returns and e-way bills. The company has stated its intention to file an appeal against this order within the 90-day statutory period.
Key Highlights
Total demand confirmed at ₹55,11,34,121 comprising tax and penalty.
Tax demand of ₹27,55,67,074 and penalty of ₹27,55,67,047.
Issue pertains to GSTR-3B and e-way bill mismatches for FY 2018-19, 2019-20, and 2020-21.
Company to file an appeal within 90 days; no immediate impact on operations reported.
👀 What to Watch
Investors should monitor the outcome of the upcoming appeal as the demand represents a significant contingent liability. While operations are unaffected, a final adverse ruling would impact the company's cash flows and profitability.
TVS Srichakra Showcases Eurogrip Tyres at Automechanika Dubai 2025
TVS Srichakra Limited, through its Eurogrip brand, participated in Automechanika Dubai 2025, showcasing its premium range of two- and three-wheeler tyres. This marks Eurogrip’s third participation in the global event. The company displayed its new product line, including the Trailhound series and prototypes like Protorq Max. Mr. T. K. Ravi, Chief Operating Officer, highlighted the expo as a significant platform to strengthen Eurogrip’s global presence and engage with partners, particularly in West Asia, Africa, and key Gulf countries. TVS Srichakra has a production capacity of over 3 million tyres a month.
Key Highlights
Eurogrip participated in Automechanika Dubai 2025 for the third time.
The company displayed its new product line, including the Trailhound series.
TVS Srichakra has a production capacity of over 3 million tyres a month.
TVS Srichakra's products are available in over 85 countries across the world.
👀 What to Watch
Investors should monitor TVS Srichakra's performance in expanding its global presence and its impact on future revenue growth. Keep an eye on the company's ability to leverage its R&D and design center in Milan to introduce innovative products.
