TVS Srichakra Ltd is about 35 year old Company Tyre manufacturing company. It is one of India’s leading two & three-wheeler tyre manufacturer .
Established in 1982 TVS Srichakra Ltd is a part of TVS Auto Ancillary Group which has Turn over of USD 6.0 billion/ 42000 Cr Rs .The company manufactures a prolific range of tyres for Two & Three-wheeler tyres , Industrial pneumatic tyres , Farm and implement tyres , Skid steer tyres , Multipurpose tyres , Floatation tyres. Notable clients of the company include Atul Auto Limited , Bajaj Auto , Hero MotoCorp Limited , Honda Motors Cycles & Scooters India , India Yamaha Motor Pvt. Ltd , LML , Mahindra 2wheelers, Piaggio , TVS Motor Company Ltd.
Global economy witnessed marginal growth between 2012 & 2017 largely on account of Eurozone crisis, which in turn impacted the global automobile industry and the company at large. As a sequential effect, these factors led to a weak demand for tyres across Europe,Africa and Middle-East restricting growth of tyre market in the preceding five years. However Company’s growth in the OEM segment was in line with the industry growth, thereby maintaining its market share and holding on to its leadership position. Thus going forward with the uptick in the demand and the global automobile growth picking up, we expect the company to perform well given its sustainable position and being one of the leaders in the Indian Tyre industry.
Value Quest India Moat Fund headed By Prof Sanjay Bakshi Held 2% stake as per Latest quaterly shareholdings along with many other notable Veteran Shareholders holding singnificant stake in the company.
The stock has corrected 50% after hitting all time high of 4350Rs.