TVS Srichakra Share Price

TVS Srichakra Limited (TVS Srichakra) is a leading tyre manufacturing company in India, primarily engaged in the production and sale of two-wheeler, three-wheeler, off-highway and industrial tyres under the Eurogrip brand. The company supplies tyres and tubes to major original equipment manufacturers (OEMs) such as Hero MotoCorp, Bajaj Auto, and TVS Motor, and also serves the replacement market and exports to over 85 countries. The TVS Srichakra share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the TVS Srichakra stock price often mirrors shifts in two-wheeler and three-wheeler demand, rural consumption patterns, and investor views on the auto ancillary sector’s growth prospects. Factors such as the pace of capacity expansion, competitive intensity from other tyre manufacturers, rubber price fluctuations, and government policies on infrastructure development influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the TVS Srichakra stock price movements.

TVS Srichakra live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of TVS Srichakra live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the TVS Srichakra share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

TVS Srichakra Limited Company Fundamentals

a. Company Background

TVS Srichakra Limited was incorporated in 1982. The company’s registered office is located in Madurai, Tamil Nadu. The company was founded on June 2, 1982 as Srichakra Tyres (STL) and was promoted by R Naresh, T V Sundram Iyengar & Sons Pvt. Ltd. and Sundaram Industries Pvt. Ltd. The company was renamed as TVS Srichakra Tyres Limited in October 1997 and subsequently changed to TVS Srichakra Limited. TVS Srichakra is a part of the USD 8.5 billion TVS Group, one of India’s leading auto ancillary groups. The company’s primary activity involves the manufacture of tyres and tubes for two-wheeler, three-wheeler, off-highway and industrial applications. It initially focused on building a strong foothold in the domestic two-wheeler tyre market before gradually expanding into off-highway tyres and exports. The company supplies tyres under the Eurogrip brand to OEMs including Hero MotoCorp, Bajaj Auto, and TVS Motor. Over the years, TVS Srichakra has significantly expanded its manufacturing capacity and product portfolio. It operates in a competitive environment, with pricing and production governed by market forces and client requirements. The company has a 2,050 strong dealer network and 23 warehouses in India, and exports to the USA, Europe, Africa, South America and Southeast Asia. TVS Srichakra holds about 25% market share in the two- and three-wheeler tyres segment in India.

b. Product Lines

• Two-wheeler tyres for motorcycles, scooters and mopeds for both OEM fitment and replacement market

• Three-wheeler tyres for passenger and cargo auto-rickshaws

• Off-highway tyres (OHT) including farm and implement tyres, agricultural tyres for tractors

• Industrial pneumatic tyres for forklifts, industrial tractors and other machinery

• Flotation tyres for agricultural equipment and implements

• Motorgrader tyres for construction and earthmoving equipment

• Skid steer tyres for compact construction machinery

• Multipurpose tyres for diverse applications including vintage and classic vehicles

• Tubes and flaps for two-wheeler, three-wheeler and off-highway applications

• Automotive tyres for ultra-light trucks and utility vehicles

• Specialty tyres for electric vehicles under development

c. Company Revenue Model

• Primary revenue from sale of tyres and tubes to original equipment manufacturers (OEMs) including two-wheeler and three-wheeler manufacturers

• Revenue from replacement market sales through a pan-India network of 2,050 dealers and 23 warehouses

• Export revenue from sales to over 85 countries across USA, Europe, Africa, South America and Southeast Asia

• Volume-driven revenue based on quantity of tyres and tubes sold across OEM and replacement channels

• Pricing determined by natural rubber and crude oil derivative costs, production complexity, and market demand

• Focus on increasing off-highway tyre (OHT) business share, expected to double from current 10% of topline over the next two years

• Revenue from both domestic Indian market serving major OEMs and international exports

• Seasonal variations in two-wheeler demand during festive periods affecting revenue patterns

• Raw material price fluctuations (natural rubber, carbon black, nylon tyre cord) influencing revenue stability

d. Geographic Presence

• Headquartered in Madurai, Tamil Nadu with registered office at No. 10, Jawahar Road, Madurai – 625002

• Manufacturing facilities located at Madurai (Tamil Nadu) with two plants and Rudrapur (Uttarakhand) with one plant

• Combined production capacity of over three million tyres per month across all manufacturing facilities

• Design centre in Milan, Italy supporting the R&D centre in Madurai

• Strong domestic market presence across India through 2,050 dealer network and 23 warehouses

• Export presence across USA, Europe, Africa, South America and Southeast Asia covering over 85 countries

• Focus on expanding off-highway tyre (OHT) business into domestic tractor tyre market after focusing exclusively on exports in that segment

• Operations primarily concentrated in southern and northern India with global export footprint

e. Key Milestones

• 1982: Incorporated as Srichakra Tyres (STL) on June 2, 1982

• 1994: Came out with rights issue to expand installed capacity from 15 lakh to 24 lakh tyres/tubes

• 1995-96: Expanded production capacity to 33 lakh per annum

• 1997: Renamed as TVS Srichakra Tyres Limited in October 1997

• 1997-98: Expanded plant capacity of Automotive Tyres to 36 lakh per annum and Tubes to 33 lakh per annum

• 1999-2000: Launched premium range of moped tyre under the name ‘MEGA STAR’

• 2000-01: Expanded plant capacity of tyre division from 53 lakh to 55 lakh of tyres per annum

• 2002-03: Amalgamated two subsidiary companies with the company; increased tyre capacity to 73.62 lakh and tube capacity to 65.52 lakh

• 2015: Entered new markets for off-highway tyres and expanded two-wheeler tyre distribution channels

• 2016: Sold its automotive battery division to focus on core tyre business

• 2024: Company reported revenue of ₹3,031 crore in FY2024-25

f. Industry Perspective

TVS Srichakra Limited operates in the tyre industry, which is part of India’s auto ancillary sector. Globally, the tyre market was valued at approximately USD 265 billion in 2024, with the Asia-Pacific region being the largest consumer, accounting for around 45% of global demand. The global tyre market is projected to grow at a CAGR of approximately 5.8% from 2025 to 2030, driven by rising vehicle production and replacement demand. In India, the tyre sector is poised for substantial growth. According to ICRA, the Indian tyre industry is projected to record a revenue growth of 6-8% in FY2026, driven by 8-10% growth in replacement demand. The Indian tyre industry generates revenues of approximately ₹85,000-90,000 crore annually. Natural rubber accounts for 40-45% of tyre manufacturing costs, making the industry highly sensitive to rubber price fluctuations. The two-wheeler segment constitutes approximately 45% of India’s tyre demand, followed by passenger vehicles at 30% and commercial vehicles at 25%. The government’s focus on infrastructure development and the production-linked incentive (PLI) scheme for auto components are key demand drivers. Demand is also driven by rising rural incomes boosting two-wheeler sales, growing replacement demand from India’s large vehicle parc of over 300 million two-wheelers, and increasing exports. Key challenges include volatile raw material costs (natural rubber, crude oil derivatives), intense competition from domestic and international players, and technology shifts towards electric vehicles requiring different tyre specifications.

TVS Srichakra Limited Stock Market Presence: Listings & Index Representation

TVS Srichakra is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol TVSSRICHAK and on the Bombay Stock Exchange (BSE) with the scrip code 509243. Its listing on both exchanges ensures that the TVS Srichakra price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company forms part of several benchmark indices that represent broad market segments. TVS Srichakra is included in BSE Group B2 and is a constituent of BSE SmallCap and BSE Commodities indices. Being represented in indices enhances the visibility and liquidity of the TVS Srichakra price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s tyre manufacturing landscape. The inclusion of TVS Srichakra in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the TVS Srichakra price to corporate and industry developments. The company’s ISIN code is INE421C01016 and face value is ₹10 per share.

TVS Srichakra Limited Stock Performance and Share Price History

The TVS Srichakra price has exhibited significant volatility over the past decade, shaped by the company’s operations in India’s tyre sector and broader auto ancillary industry cycles. The TVS Srichakra share price recorded a total return of approximately 30.87% over the last 1 year and 47.45% over the last 3 years, outperforming the tyre industry’s 6.87% and 39.82% returns respectively over the same periods. The TVS Srichakra share price delivered a 5-year total return of 200.8% and a 10-year total return of 67.96%, demonstrating substantial long-term wealth creation. The TVS Srichakra share price reached a 52-week high of ₹4,787.80 and a 52-week low of ₹2,429.55, indicating a wide trading range and substantial price fluctuations. The TVS Srichakra share price recorded a strong rally in 2021, delivering a substantial positive annual return, while the subsequent period has seen the TVS Srichakra stock price moderate and correct from its peak levels. The TVS Srichakra share price has shown a 1-month return of approximately -15.4% and a 3-month return of -16.3% as of March 2026, indicating recent consolidation.

The TVS Srichakra price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 559.7% year-on-year growth in Dec 2025 quarterly net profit to ₹14 crore, the TVS Srichakra price showed a positive reaction. The TVS Srichakra price has shown a pattern of strong positive momentum in years when the company’s capacity expansion announcements exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the TVS Srichakra price. Corporate developments, including strategic announcements such as the doubling of off-highway tyre capacity, the launch of over 200 new products across global agricultural and construction segments, and the planned entry into the domestic tractor tyre market, have also influenced short-term fluctuations in the TVS Srichakra price. The TVS Srichakra share price has shown a 1-year return of approximately 30.87% as of April 2026, reflecting strong growth over the last year. The TVS Srichakra share price has shown a 10-year aggregate net profit of ₹966.98 crore, reflecting the company’s sustained profitability over the long term. The TVS Srichakra share price reached its 52-week high of ₹4,787.80 before declining to its 52-week low of ₹2,429.55, reflecting the volatility inherent in the tyre manufacturing space. The TVS Srichakra share price has shown a year-to-date return of approximately -18.3% as of March 2026, indicating pressure in the current fiscal year. Comprehending these patterns in the TVS Srichakra price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the TVS Srichakra price movements illustrate how industry fundamentals, raw material price cycles, and investor expectations converge in market pricing.

The TVS Srichakra share price has shown distinct seasonal patterns over the past decade. The best performing year historically was 2021 with a positive return, while the worst year was 2024 with a negative return of -22.2%. Historically, the stock has shown positive annual returns in 6 out of the last 10 years. In terms of annual performance, the TVS Srichakra share price delivered returns of -34.1% in 2019, 12.1% in 2020, 3.6% in 2021, 55.9% in 2022, 46.8% in 2023, -22.2% in 2024, and 19.3% in 2025. The TVS Srichakra share price has demonstrated that the stock tends to perform better in periods of strong two-wheeler demand and supportive raw material prices, while underperforming during phases of rubber price volatility and intense competition. The TVS Srichakra stock price has shown a 3-year total return of 47.45%, indicating substantial wealth creation over this period. The TVS Srichakra stock price has shown a 5-year total return of 200.8%, reflecting the company’s ability to deliver exceptional returns across market cycles. The TVS Srichakra stock price has shown a 10-year total return that has been positive, with the stock delivering a 10-year return of 67.96%. The TVS Srichakra stock price continues to trade at a significant discount from its 52-week high of ₹4,787.80, standing at around ₹3,200-3,600 levels as of April 2026.

TVS Srichakra Limited Investor Relevance and Role in Portfolio

TVS Srichakra holds a significant position for portfolio investors who seek exposure to India’s auto ancillary sector with a focus on two-wheeler and off-highway tyres. The company’s presence in high-growth areas such as off-highway tyres and its strong brand equity under the Eurogrip brand aligns it with investment strategies that value domestic consumption, replacement market growth, and export diversification. The TVS Srichakra share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor raw material costs, capacity utilization, and dealer network expansion when evaluating allocation decisions.

Institutional stakeholders play a moderate role in TVS Srichakra’s ownership profile. As of December 2025, Promoters hold 45.70% of the company. Mutual funds hold 6.01% of the company. Key mutual fund holders include Quant Mutual Fund – Quant Small Cap Fund and Quant Money Managers Ltd. – Quant Mutual Fund – Quant Manufacturing Fund. Foreign Institutional Investors (FIIs) hold 0.97% of the company, while Domestic Institutional Investors (DIIs) hold 0.16%. Retail and other shareholders hold 47.16% of the company. Other key institutional holders include DFCEX – Emerging Markets Core Equity Portfolio – Institutional Class, Dfa Investment Trust Co – The Emerging Markets Small Cap Series, Dimensional Emerging Markets Value Fund, and DFA INVESTMENT DIMENSIONS GROUP INC – Emerging Markets Social Core Equity Portfolio. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

Based on data, TVS Srichakra exhibits varying levels of beta and volatility across different measurement periods. Based on data, the long-term beta (5-year monthly) stands at approximately 0.67 according to Yahoo Finance, while Simply Wall St reports a beta of 0.59, and TradingView shows a 1-year beta of 0.57-1.49, reflecting different measurement periods and methodologies. Based on data, the daily-one month beta shows moderate correlation, while the daily-three month beta indicates moderate sensitivity. Based on data, the weekly-one year beta shows lower-than-market sensitivity in short-term trading. Based on data, the weekly-two year beta shows moderate correlation, and the 2 week-two year range beta is also moderate. Based on data, the monthly-two year beta continues to show moderate correlation. Supporting statistics include mean values across different periods and standard deviations indicating moderate variability. The average weekly movement stands at approximately 4.6-4.9%, which is lower than the auto components industry average of 5.6%. Overall, TVS Srichakra demonstrates a moderate volatility profile with beta values suggesting the stock tends to move with lower volatility compared to broader market direction over longer time frames.

The TVS Srichakra share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The TVS Srichakra stock price’s beta reflects that the company’s established OEM relationships and strong brand presence may provide some stability, though the tyre sector remains sensitive to natural rubber price fluctuations and automotive production cycles.

TVS Srichakra Limited Sectoral Relevance and Peer Positioning

The sector relevance of TVS Srichakra is anchored in its role within the broader Indian tyre and rubber products industry, where it competes with other tyre manufacturers. As part of this industry, the company’s strategic positioning connects two-wheeler, three-wheeler, off-highway and industrial tyres to OEMs and replacement customers across India and globally. Competitors in the tyre manufacturing segment include companies such as Apollo Tyres Limited, MRF Limited, CEAT Limited, JK Tyre & Industries Limited, Goodyear India Limited, Balkrishna Industries Limited (BKT), and other domestic and international players. Firms with parallels in either product range or OEM relationships are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the TVS Srichakra P/E ratio have shown variations over different periods. The current P/E ratio stands at approximately 55-60 across different sources, while the industry P/E stands at approximately 32.5. The P/E ratio was 9.97 in 2020, increased to 18.31 in 2021, reached 20.14 in 2022, 44.48 in 2023, and 63.14 in the current period. Periods when investors perceived improvements in profitability or earnings sustainability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum or industry cyclicality have seen valuation contraction.

Similarly, TVS Srichakra EPS has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from capacity expansion and new product introductions supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from natural rubber price volatility and competitive pressures have moderated EPS momentum. TVS Srichakra earnings have shown a trajectory that responded to both volume growth and margin pressures over the analysed period. TVS Srichakra market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving tyre market.

Over years, the TVS Srichakra market cap has followed a pattern of significant growth followed by moderation. The market cap increased from ₹2,663 crore in recent periods. As of April 2026, the market cap stands at approximately ₹2,633-2,785 crore across different sources. This fluctuation mirrors the trend in the TVS Srichakra share price and the broader performance of the tyre sector relative to broader market indices.

TVS Srichakra earnings over the past several years have been characterised by a period of growth followed by recent moderation. Net income increased from ₹43.32 crore in FY2022 to ₹77.82 crore in FY2023, ₹107.76 crore in FY2024, and declined to ₹20.52 crore in FY2025. The company’s revenue grew from ₹2,549.36 crore in FY2022 to ₹2,994.14 crore in FY2023, ₹2,932.63 crore in FY2024, and ₹3,260.04 crore in FY2025, representing a 5-year CAGR of approximately 10-12%. For the trailing twelve months (TTM) as of April 2026, net profit was ₹45 crore with revenue of ₹3,481 crore. The sharp decline in FY2025 profit reflects significant margin pressure from raw material cost increases.

TVS Srichakra EPS has shown variation over the past decade. The diluted EPS stood at ₹62.2 (TTM) according to some sources, while others report EPS of ₹58.39. The EPS growth rate has shown significant variation, with the company delivering strong profit growth in FY2022-FY2024 and a sharp decline in FY2025. According to historical data, EPS was ₹10.17 in 2016, ₹10.75 in 2017, ₹36.47 in 2018, ₹51.56 in 2019, ₹46.91 in 2020, ₹58.39 in 2021, ₹44.70 in 2022, and ₹60.24 in 2023, showing significant fluctuation over the years.

The TVS Srichakra P/E ratio has shown fluctuations over the available period. At the end of recent fiscal years, the P/E ratio varied, with current levels at 55-60x across different sources, while the industry P/E stands at approximately 32.5. The mean historical P/E ratio over the last five years has been in the range of 20-45x. The current P/E ratio compared to the historical average reflects that investor expectations are adjusting to near-term earnings momentum. The TVS Srichakra share price has been influenced by these valuation metrics. The TVS Srichakra stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

TVS Srichakra Limited is a leading tyre manufacturer listed on both the NSE and BSE, where the TVS Srichakra share price reflects two-wheeler demand cycles, raw material costs, and capacity expansion within the tyre sector. Its representation on stock exchanges supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader auto ancillary industry themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s tyre manufacturing market.