The company delivered significant profit growth to ₹71.06 crore in FY26 (ended March 31, 2026), up from ₹20.52 crore in the prior year. In May 2026, TVS Srichakra approved a ₹220 crore capital investment to expand production capacity at its manufacturing units in Vellaripatti, Madurai. The company's diversified portfolio spans 2/3-wheeler tyres, industrial pneumatic, farm and implement, and skid-steer categories.
Cyborg Score Rationale
TVS Srichakra demonstrated strong FY26 profit growth (246% YoY) and revenue expansion to ₹3,643.35 crore. However, the company maintains a low 3-year ROE of 6.2% and modest valuation multiples (2.69x book value). The ₹220 crore capacity expansion approved in May 2026 positions the company for future growth in an expanding two-wheeler and off-highway tyre market.
Top Insights
Net profit surged 246% YoY to ₹71.06 crore in FY26, driven by revenue growth to ₹3,643.35 crore
Board approved ₹220 crore capex in May 2026 to expand 2W and off-highway tyre capacity by 5%-25% respectively
Record dividend of ₹37.80 per share (378% of face value) recommended for FY26 shareholder approval
TVS Group promoters hold 45.7% stake in the company
Named Competitors
JK Tyre & Industries — Leading Indian tyre manufacturer for two-wheeler, commercial and off-highway segments
MRF Tyres — Premium tyre manufacturer with presence in 2W, 4W, and industrial segments
Ceat Tyres — Multi-segment tyre manufacturer serving 2W, 4W, and off-highway markets
Recent Developments
(May 2026) Board approved ₹220 crore capital investment for capacity expansion at Vellaripatti manufacturing units
(March 2026) FY26 net profit reached ₹71.06 crore, up 246% YoY; revenue grew to ₹3,643.35 crore
(March 2026) Board recommended record final dividend of ₹37.80 per equity share
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