TVS Srichakra Ltd(TVSSRICHAK)

NSE: TVSSRICHAKBSE: 509243

₹ 4,119.85+0.85%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 3,155 crWebsite: www.tvseurogrip.comUpdated: 24 Oct 2026

About

TVS Srichakra Ltd is an Indian tyre manufacturer that markets products under the Eurogrip brand and had standalone revenue of ₹3,022.90 crore in FY25, growing to ₹3,643.35 crore in FY26. The company operates a manufacturing plant in Uttarakhand and has a US subsidiary, Super Grip Corporation. It sells through a branded retail network and has an international presence through its US operations.^[1][2]

Financial scale

Standalone revenue grew 9.8% to ₹3,022.90 crore in FY25, though PBT fell 65% to ₹48.61 crore due to input cost inflation and subdued pricing.^[1]
Capex of ₹155.11 crore was incurred in FY25; depreciation rose to ₹118.91 crore from ₹98.43 crore in FY24 due to capitalisation of new assets.^[1]
Finance costs rose to ₹49.17 crore in FY25 from ₹42.53 crore due to increased working capital utilisation; debt-equity ratio improved to 0.68x from 0.73x.^[1]

Branded retail and distribution

Eurogrip Tyres opened two new exclusive retail outlets in Aligarh (Uttar Pradesh) and Bhowali, Nainital (Uttarakhand) in September 2026, expanding its branded retail network.^[3]

Operations

The company operates a manufacturing plant in Uttarakhand (Rudrapur), which uses renewable energy sourced through a Group Captive Arrangement.^[1][4]
In FY25, the company invested ₹2.06 crore in two Evincea Renewables entities (subscribing 10,25,000 equity shares each) to increase renewable energy for the Uttarakhand plant.^[1]

International operations

US subsidiary Super Grip Corporation reported a loss after tax of ₹29.10 crore on turnover of ₹71.80 crore in FY25; management projects 25% revenue CAGR over five years for this entity.^[1]

Key risks

Commodity price risk - particularly rubber prices - is identified as the primary market risk, with potential adverse impact on financial assets and future cash flows.^[1]

Recent developments

Final dividend declared at ₹37.80 per share (378%) on 76,57,050 equity shares of ₹10 each for FY26.^[5]
In October 2026, the State Tax Officer, Rudrapur, Uttarakhand imposed a penalty of ₹10.71 lakh for transporting goods without a valid e-Way Bill; the company is evaluating legal remedies and expects no material operational impact.^[4]

Market Cap

₹3,155 Cr

High / Low

₹5,759 / 3,184

Stock P/E

34.0

Price / Book

2.6

Book Value

₹1,554

EPS

₹93.0

No. of Shares

0.77 Cr

ROCE

7.5%

ROE

6.0%

OPM

4.2%

Debt / Equity

0.64

Sales

₹3,643 Cr

Net Profit

₹71 Cr

Promoter holding

45.7%

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