My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking

TVS Srichakra Research Report - 16th Dec 2015

Auto Ancillary | Published on Sep 21st 2011

IT

TVS Srichakra Ltd. (TVSSL), a part of TVS Group, is a leading manufacturer of two and three-wheeler tyres with a 25% market share. Two-wheeler demand growth (~16% yoy YTD) continues to be insulated from the current slowdown in the automobile sector. Given this growth and increased installed capacity of automotive tyres by 170% to 3.3cr units over FY2009-11, TVSSLs volume is expected to grow at a CAGR of 11% over FY2011-13E. Also, the promoters have increased their stake in the company from 39.5% in June 2007 to 44.4% in June 2011, demonstrating their confidence in the companys future growth outlook. We recommend Buy on TVSSL with a target price of Rs468, based on a target PE of 5x for FY2013E.

Download Full Report

Accumulate

CMP 355
Target Price 468
Investment Period12 Months

Stock Info

MCAP BSE (Rs in Cr)Array
MCAP NSE (Rs in Cr)Array
P/E (x)Array
EPS (Rs.)Array
BV (Rs.)Array
Div Yield (%)Array
FV (Rs.)Array
P/BV (x)Array
EV/Sales (x)Array
EV/EBITDA (x)Array

Shareholding Pattern (%)

Promoter45.0
Public & Others42.0
Corporate8.0
Foreign3.0
Institution2.0
Grand Total100.0

Trade Securely

AngelEye

Portfolio Tracking & Trading Application View Demo