TVS Supply Chain Solutions is an India-based multinational company which is the pioneer of developing the supply chain solution market in India. The brand has managed large and complex supply chains across multiple industries in India and selected global markets. The brand's in-depth domain knowledge along with strong global expertise helps them to customise solutions according to customers’ needs and demands.
The brand has a diversified customer profile such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare. A few of the customers with whom the brand has a long-term relationship are Mahindra & Mahindra Limited (17 years), Sony India Private Limited (11 years), Hyundai Motor India Limited (12 years), TVS Motor Company Limited (16 years), Diebold Nixdorf (7 years), TVS Srichakra Limited (9 years), Lexmark International Technology Sarl (5 years), etc.
TVS Supply Chain Solutions Limited IPO Details
TVS Supply Chain Solutions is a fresh issue and an offer for sale IPO worth ₹880 crore The issue comprises 1,42,13,198 offer for sale shares and is priced at ₹187 to ₹197 per share. Retail investors can bid for the TVS Supply Chain Solutions Limited IPO, which will open on August 10, 2023. TVS Supply Chain Solutions Limited’s IPO will list on the NSE exchange on August 23, 2023.
TVS Supply Chain Solutions Limited IPO Objectives
The objectives of TVS Supply Chain Solutions Limited's IPO are listed below
- For the repayment or prepayment of complete or a part of certain outstanding borrowings carried out by the company and its subsidiary, TVS LI UK.
- To meet general corporate purposes.
Noteworthy Highlights of TVS Supply Chain Solutions Ltd
- TVS Supply Chain Solutions has a record of successful inorganic growth through strategic acquisition. Over the last few years, the brand has done more than 20 acquisitions in the last 15 years of growth across Europe, the United Kingdom, the United States and the Asia Pacific (including India).
- In the last 16 years, the company made 20+ acquisitions across different regions like the United States, the United Kingdom, Europe and Asia Pacific.
Peer Details
TVS Supply Chain Solutions faces competition from listed players like TCI Express Limited, Mahindra Logistics Limited, Blue Dart Express Limited and Delhivery Limited.
TVS Supply Chain Solutions Company Financials
| Particulars | Period ending on March 31, 2023 | Period ending on March 31, 2022 |
|---|---|---|
| Revenue from operations | 1,02,353.80 | 92,497.86 |
| Profit/loss for the year | 417.61 | -458 |
| Net Worth | 7,235.52 | 7,140 |
| Earnings Per Share | 1.04 | -1.44 |
| Total Borrowings | 19,896.16 | 17,637.82 |
Know before investing
Strengths
2The company’s profit was ₹417.61 million on March 31, 2023, which increased from a loss of -₹763.44 million on March 31, 2021.
The company’s revenue from operations increased highly from ₹69,335.98 million on March 31, 2021, to ₹1,02,353.80 million on March 31, 2023.
Risks
2The company incurred a loss of -₹763.44 million in FY 2021 and -₹458 million in FY 2022. Any similar losses in the future can impact the business.
There are criminal and tax-related legal proceedings against the company, its promoters and its subsidiaries.
Peer Comparison
| Name of the company | TCI Express Ltd | Mahindra Logistics Ltd | Blue Dart Express Ltd | Dividend Yield |
|---|---|---|---|---|
| Face value per equity share (₹) | 2 | 10 | 10 | - |
| P/E | 67.23 | 123.34 | 154.0 | - |
| Total income (in ₹ million) | 8,516.40 | 32,811.90 | 33,084.30 | - |
| Net worth (in ₹ million) | 4,338.70 | 5,680.80 | 5,919.60 | - |
| RoN W (%) | 23.19 | 5.28 | 17.20 | - |
| Net Asset Value per Equity Share (₹) | 112.89 | 79.26 | 249.48 | - |
| Closing Share Price as on February 10, 2022 (₹) per equity share | 1,757.95 | 513.1 | 6,607.95 | - |
