TVS Supply Chain Solutions Ltd(TVSSCS)

NSE: TVSSCSBSE: 543965

₹ 108.45-0.37%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 4,785 crWebsite: www.tvsscs.comUpdated: 24 Oct 2026

About

TVS Supply Chain Solutions (TVSSCS), founded in 1995 and listed on NSE and BSE in 2023, is among the largest listed providers of integrated supply chain solutions in India by revenue and breadth of service. It manages 435 warehouses globally covering 25.1 million square feet of warehouse space. It reported revenue of Rs 11,002.97 Cr in FY26.^[1][2]

Business segments

Integrated Supply Chain Solutions (ISCS) had segment revenue of Rs 8,255.96 Cr in FY26, 74.9% of segment revenue, with EBIT margin of 8.9%.^[1][3]
Global Forwarding Solutions (GFS) had segment revenue of Rs 2,768.66 Cr in FY26, 25.1% of segment revenue, with EBIT margin of 2.2%.^[1][3]

Operations and network

TVS SCS manages 435 warehouses globally with 25.1 million square feet of warehouse space as of FY26.^[1]
In India, TVS SCS has 231 operational locations/warehouses and 15 offices, totalling 246 national locations as of FY26.^[1]
Global warehouse utilisation was approximately 85% in Q1 FY27.^[4]

Key operating numbers

Ocean freight volume was 1,12,007 TEU in FY26 vs 91,608 TEU in FY25; air freight volume was 23,375 tons in FY26 vs 22,709 tons in FY25.^[4]
GFS revenue grew 50.6% YoY and 22.6% QoQ to ₹918 cr in Q1 FY27, with adjusted EBITDA margin of 4.1% vs 2.1% in Q1 FY26.^[4]
ISCS adjusted EBITDA margin was 8.1% in Q1 FY27 vs 9.3% in Q4 FY26, due to upfront implementation costs on newly onboarded contracts.^[4]
New business wins were ₹543 cr in Q1 FY27, an all-time quarterly high; full-year FY26 wins were ₹1,206.7 cr.^[4]
Business development pipeline stood at ₹7,500+ cr as of Q1 FY27 vs ₹6,100 cr at end of Q4 FY26.^[4]

Customers and markets

TVS SCS served 100 active Fortune 500 clients as of FY26, up from 91 in FY25.^[5]
Customer industries span Automotive, FMCG, FMCD, Electronics & Durables, E-commerce, Telecom & IT, Textile & Apparel, Oil & Gas, Cement, Retail, Engineering & Capital Goods, ITES, Renewable Energy and Healthcare.^[1]
Secured a 3-year Daimler contract in FY26 to manage in-plant component logistics with a 700-member operations team.^[1]
Secured a pan-European rollout with ETS Eurotel to deliver telecom equipment upgrades across 1,000 retail sites in the UK, Ireland, Belgium and Netherlands.^[1]
India geography grew 44% YoY in Q1 FY27, with ISCS India up 30% YoY and GFS India up 84% YoY.^[4]
A large North America customer engagement went live in Q3 FY26 from a new build-to-suit facility.^[6]

Technology and platforms

Launched ieX, a platform for delivery visibility, geolocation precision and customer support across its network.^[1]
Developed Sidekick, an internally built enterprise conversational Gen AI platform for employee knowledge assistance.^[1]
Oracle ERP was deployed for the India ISCS business in Q1 FY27.^[4]

Expansion and new ventures

Acquisition of Swamy & Sons 3PL (FY25 revenue ₹207 cr) completed on 22 May 2026 for an enterprise value of ₹88 cr, funded through internal accruals; raised ISCS India consumer-sector mix from 18% to 25% pro forma.^[6]
JV with ALA Group (Italy) for defence and aerospace logistics is being operationalised; revenues expected from H2 FY27, with a ₹2,000 cr revenue aspiration by year 5.^[4]
Organic capex is expected at approximately 1.1% of revenue for new project launches.^[6]

Recent developments

NCLT Bengaluru sanctioned the amalgamation of SPC International (India) Private Limited with TVS Supply Chain Solutions Limited, effective 30 September 2026.^[7]
Credit rating outlook was revised from 'Ind AA Stable' to 'Ind AA Positive' in Q1 FY27.^[4]
Project One cost programme in UK and Europe delivered annualised savings of ₹110 - 120 cr, with ₹50 - 60 cr captured in FY26.^[8]

Market Cap

₹4,785 Cr

High / Low

₹146 / 91

Stock P/E

74.0

Price / Book

2.4

Book Value

₹46

EPS

₹2.6

No. of Shares

44.12 Cr

ROCE

6.3%

ROE

6.0%

OPM

2.3%

Debt / Equity

0.55

Sales

₹11,003 Cr

Net Profit

₹117 Cr

Promoter holding

43.0%

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