TVS Srichakra Limited stands as a leading manufacturer of 2W tyres in India and caters to both OEMs and aftermarket segments, operating as a prominent member of the prestigious TVS Group. As a part of the USD 8.5 billion TVS Group, it is one of the leading auto ancillary groups in the country. The company has established itself as one of India's leading manufacturers and exporters of two-wheelers, three-wheelers, and off-highway tyres, with a strong presence in both domestic and international markets.
Incorporated on June 2, 1982, as Srichakra Tyres (STL), the company was promoted by R Naresh, T V Sundram Iyengar & Sons Pvt. Ltd., and Sundaram Industries Pvt. Ltd. It was later renamed TVS Srichakra Tyres Limited in October 1997. Over the decades, the company has evolved significantly, transforming from a traditional tyre manufacturer into a comprehensive automotive solutions provider.
The company operates through three subsidiaries: TVS Srichakra Investments Limited (TSIL), TVS Sensing Solutions Private Limited (formerly ZF Electronics TVS India Private Limited) – a subsidiary of TSIL, and Fiber Optic Sensing Solutions Pvt Ltd (a subsidiary of TSSPL). This diversified structure allows the company to leverage synergies across different business segments and expand its technological capabilities.
TVS Srichakra operates two manufacturing plants, one in Madurai, Tamil Nadu, and another in Rudrapur, Uttarakhand. The company has built significant manufacturing capacity, with a combined capacity of 11 million tyres per annum, enabling it to serve both domestic and international markets effectively.
The company's commitment to quality and innovation is evident through its international collaboration. It maintains a design center in Milan, Italy, which supports the Madurai R&D center, ensuring that its tyres are tested on Indian, European, and Japanese roads. This global approach to research and development ensures that TVS Srichakra products meet international standards and quality benchmarks.
TVS Srichakra offers a comprehensive range of tyre solutions across multiple categories. The company's product portfolio includes tyres for 2/3-wheelers, Industrial Pneumatic, Farm and Implement, Skid-steer, Multi-purpose, and other off-highway segments. Its product range extends to two and three-wheeler tyres, all-terrain vehicle tyres, skid-steer construction tyres, industrial pneumatic tyres, heavy-duty earthmover tyres, farm and implement tyres, flotation, and other multi-purpose tyres.
The company has established a strong brand presence through multiple brand offerings. In August 2019, it launched the Brand TVS Eurogrip, specifically targeting the millennial customer segment with premium, technology-focused products. TVS Srichakra Limited is an India-based maker of TVS Eurogrip, Eurogrip, and TVS Tyres brands of tyres, catering to diverse customer preferences and market segments.
TVS Srichakra Ltd currently has a market capitalization of Rs. 2,409.66 Cr as of July 11, 2025.
- Annual Sales: Rose 11.20% to Rs 3253.83 crore in FY2025, compared to Rs 2926.00 crore in FY2024.
- Annual Net Profit: Declined 80.91% to Rs 20.61 crore in FY2025, from Rs 107.95 crore in FY2024.
- Sales: Rose 6.94% to Rs 818.38 crore, against Rs 765.30 crore in Q4 FY2024.
- Net Profit: Declined 59.67% to Rs 9.59 crore, against Rs 23.78 crore in Q4 FY2024.
- EPS (Latest FY): Rs 45.2
- PE Ratio: 58.74
- PB Ratio: 1.91
- For the financial year 2024, TVS SRICHAKRA declared a dividend amounting to Rs 47.3 per share.
- At the current price of Rs 2,653.6, this results in a dividend yield of 1.8%.
TVS Srichakra has established a significant international presence, with its products available in over 85 countries worldwide. The company exports its products to diverse markets, including the USA, Europe, South America, Africa, and Australia, demonstrating its global competitiveness and product quality.
In the domestic market, the company holds a significant market share among original equipment manufacturers (OEMs) and replacement markets, supported by a robust network of distributors and dealers. This dual approach to OEM and aftermarket segments provides the company with diversified revenue streams and market stability.
The company maintains a balanced shareholding structure, with promoters holding a 45.70% stake in TVS SRICHAKRA as of December 2024, with no shares having been pledged. This stable promoter holding provides confidence to investors regarding the company's long-term strategic direction and governance practices.
TVS Srichakra continues to focus on innovation and market expansion. In December 2020, the company announced a planned capital expenditure of Rs. 1000 Crores to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is projected to increase two-three wheeler tyre capacity by 25-30% and double off-highway tyre capacity from current levels.
The company has also been expanding its retail presence, with recent initiatives including the opening of new exclusive retail stores and participation in international exhibitions to strengthen its global footprint. Its focus on premium segments and technological advancement positions it well for future growth in the evolving automotive industry.
- 52-Week High: ₹4900
- 52-Week Low: ₹2431.80
- 6-Month Performance: Decreased by 3.33%
- 1-Year Performance: Decreased by 31.58%
TVS Srichakra Limited remains a significant player in India's tyre industry, with its strong manufacturing capabilities, diversified product portfolio, and global market presence positioning it as a key participant in the automotive ancillary sector.
