Motilal Oswal Recommends 'BUY' on TVS Motor, Sets Target at INR 4461
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Moneycontrol•30-01-2026, 21:03
Motilal Oswal Recommends 'BUY' on TVS Motor, Sets Target at INR 4461
- •TVS Motor Company's Q3 FY26 PAT was INR 9.7 billion, aligning with Motilal Oswal's estimate.
- •EBITDA margin expanded by 120 basis points year-over-year to 13.1%, slightly exceeding estimates.
- •TVS expects to outperform industry growth in upcoming quarters, driven by consistent market share gains.
- •Motilal Oswal projects a revenue/EBITDA/PAT CAGR of 21%/26%/29% over FY25-28E for TVS Motor.
- •The brokerage reiterates a 'BUY' rating with a target price of INR 4,461, valuing the stock at 36x Dec’27 EPS.
Why It Matters: Motilal Oswal recommends buying TVS Motor Company, citing strong performance and future growth potential.
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