TVS Supply Chain Solutions Limited is a prominent India-based multinational company that has pioneered the development of the supply chain solutions market. Originally incorporated as "TVS Logistics Services Limited" in Madurai on November 16, 2004, its name was changed to "TVS Supply Chain Solutions Limited" on February 27, 2019. Promoted by the esteemed TVS Group, one of India's reputed business conglomerates, the company is now part of TVS Mobility Private Limited, which holds the TS Rajam family-owned assets. TVS Supply Chain Solutions offers integrated supply chain solutions and network solutions with a significant global presence spanning 26 countries, including India, the UK, the US, Spain, Germany, Singapore, and Thailand. The company provides a comprehensive suite of supply chain management services to international organizations, government departments, and a wide range of large and medium-sized businesses.
The company's operations are primarily divided into two key segments: Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS).
This segment represents a significant portion of the company's revenue, accounting for approximately 55% in H1 FY25 (compared to 40% in FY22). ISCS encompasses a broad range of services including sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods and aftermarket fulfillment, and supply chain consulting. The capabilities under this segment are designed to provide end-to-end supply chain management for its clients. Revenue in the ISCS segment grew by 4.9% in FY25, driven by strong performance in North America and a resilient India portfolio. EBITDA margins stood at 3.9% in FY25.
The Network Solutions segment focuses on delivering efficient and integrated logistics networks. This segment reported a revenue of ₹4,499 Cr for the full year ended March 31, 2025, representing a robust 13.6% increase over FY24. In Q4 FY25, the NS segment's revenue was ₹1,078 Cr, up from ₹1,047 Cr in the same quarter last year, indicating a 3% year-on-year growth.
The company has a diverse and growing customer base, with a notable increase in Fortune 500 clients, reaching 91 in FY25 (up from 78 in FY24 and 54 in FY21). This demonstrates the company's ability to attract and retain marquee clients across various industries.
TVS Supply Chain Solutions Limited has been navigating a dynamic market, with a focus on financial discipline and operational efficiency.
Key Financial Metrics:
- Market Capitalization: ₹5,885 Crore (as of 2024)
- Promoter Holding: 43.0%
- Stock Symbol: TVSSCS
- Exchange: NSE / BSE
For the full fiscal year ended March 31, 2025, the company reported revenues of ₹9,996 Cr, an 8.6% year-on-year growth from ₹9,200 Cr in the previous year. The company significantly narrowed its net loss to ₹9.7 Cr, a substantial improvement from a loss of ₹57.7 Cr in FY24. Profit Before Tax (PBT) for the full year stood at ₹29.3 Cr, a notable turnaround from a loss of ₹36.1 Cr in FY24.
In the fourth quarter of FY25, the company reported a Profit Before Tax (PBT) of ₹13 Cr, an increase from ₹5 Cr in the same quarter last year. The Profit After Tax (PAT) for Q4 FY25 was reported at (₹3.9 Cr), compared to a profit of ₹5.4 Cr in Q4 FY24.
For the third quarter of FY25, TVS Supply Chain Solutions Limited announced a 10% increase in consolidated revenue to ₹2,445 crore compared to ₹2,222 crore in Q3 FY24. However, the company reported a Net Loss of ₹23.8 crore for the quarter, a shift from a profit of ₹9.99 crore in Q3 FY24.
TVS Supply Chain Solutions Limited is strategically focused on driving growth through operational efficiency, customer acquisition, and margin improvement.
- New Contract Wins: In FY25, the company secured new contracts worth ₹1,009 Cr, highlighting the success of its business development efforts.
- Positive Operating Cash Flow: The company ended FY25 with a positive operating cash flow of ₹195 Cr, demonstrating a strong focus on financial discipline and working capital management.
- Operational Efficiency: Strategic initiatives in pricing, consolidation, and manpower optimization have enabled margin improvements and enhanced overall operational discipline. The company continues to focus on cost optimization and efficient working capital management.
- IPO: In August 2023, the Company successfully completed an Initial Public Offering (IPO) of 44,670,050 Equity Shares, raising funds aggregating to ₹880 Crore. This comprised a Fresh Issue of 30,456,852 Equity Shares aggregating to ₹600 Crore and an Offer for Sale of 14,213,198 Equity Shares aggregating to ₹280 Crore.
- Amalgamation Scheme: During the financial year 2023-24, the Board of Directors approved a Scheme of Amalgamation for the consolidation of its wholly-owned subsidiaries: TVS SCS Global Freight Solutions Limited, FLEXOL Packaging (India) Limited, White Data Systems India Private Limited, SPC International (India) Private Limited, and Mahogany Logistics Services Private Limited, into the parent company.
As of the last reported quarter:
- Promoter Holding: 43.0%
- Foreign Institutional Investors (FII): 3.6%
- Domestic Institutional Investors (DII): 3.4%
- Public: 50.0%
- Book Value: ₹ 40.8
- Dividend Yield: 0.00 %
- ROCE (Return on Capital Employed): 4.67 %
- ROE (Return on Equity): -0.53 % (for the last reported financial year on a consolidated basis)
- Face Value: ₹ 1.00
TVS Supply Chain Solutions Ltd. has demonstrated resilience in challenging market conditions and continues to implement initiatives focused on operational efficiency, customer acquisition, and margin enhancement to drive future growth and value creation.
