TVS Electronics Ltd
TVS Electronics Ltd (TVSELECT)

TVS Electronics Ltd (TVSELECT)

₹255.90.66%

Key Stats

₹255
Day's Price Range
₹265
₹155.15
52-Week Price Range
₹332.95
1 Month Return-16.6 %
3 Month Return39.5 %
1 Year Return55.93 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 198
EPS
Rank 201
BVPS
Rank 84
₹46.74
Dividend Yield
Rank 46
0.78%
ROE
Rank 44
17.32%
Price To Book Ratio
5.51
Debt To Asset
Rank 79
0.47

Company Information

TVS Electronics Ltd is one of the premier IT Peripherals companies in India. The company is a part of the 99yearold USD 3.5 billion TVS Group one of Indias oldest most trusted business groups. They are engaged in the business of transaction automation information technology IT products and solutions. The company has two subsidiary companies namely Tumkur Property Holdings Ltd and Prime Property Holdings Ltd. The company is a subsidiary of TVS Investments Ltd. SundaramClayton Ltd is the ultimate holding company.The company is headquartered in Chennai. The company is having their manufacturing unit located at in Dehradun Uttarakhand. They are having the partner network comprising of 3500 authorized dealer partners and 400 authorized service partners covering 450 towns. The companys principal products include computer peripherals and IT management services. Their other products include receipt printers which includes RP45 Shoppe RP35 RP3160 and RP3200 automatic identification and data capture/collection AIDC products which includes LP44 LP46 BSC101 Star BSL1010 Platina and point of sale POS accessories which includes PDVFD MSR104 POS60 Cash Drawer and Paper Roll.TVS Electronics Ltd was incorporated on September 15 1995. The company was formerly known as TVS eTechnology Ltd. Initially the company was a national player in the customer support technology support and maintenance services TMS areas. They offered field customer support to products of TVSE. Also they acted as a preferred outsourced strategic partner for various Brand Owners / Service Providers.In the year 2002 the company launched two new products namely TVS Sprint a retail automation product and TVS Proton Worlds quickest Bill printer. Also the company acquired ICL Foundries Ltd Sundram Telematics Ltd and Auctionindia.com Ltd and thus these three companies became the subsidiary company. The company changed their status form a deemed public limited company to a fullfledged public limited company with effect from September 20 2002.During the year the company carried out a major structural change. Three subsidiaries namely ICL Foundries Ltd Sundram Telematics Ltd and Auctionindia.com Ltd were amalgamated with the company with effect from November 1 2002. Also Harita Technical Services Ltd merged with the company with effect from November 1 2002.As per the scheme of amalgamation the erstwhile TVS Electronics Ltd was amalgamated with the company with effect from December 9 2002. Also the company changed their name from TVS eTechnology Ltd to TVS Electronics Ltd.Consequent to the holding company Sundaram Infosel Ltd a subsidiary of TVS Investments Ltd transferred their entire share holding in the company to TVS Investments Ltd a subsidiary of SundaramClayton Ltd. Thus the company became a subsidiary of TVS Investments Ltd.In the year 2003 the company formed a new division namely International Marketing Division to focus on the exports of the price competitive products in new geographies. During the year 200405 the company entered into the Direct Home Access products segment and successfully launched Set Top Boxes.During the year 200506 the company acquired 100 of the equity share capital of Sravanaa Properties Ltd which is engaged in property development. Thus Sravanaa Properties Ltd became a wholly owned subsidiary company. Also the company transferred their unutilized property at Nandambakkam to Sravanaa Properties Ltd for a sum of Rs 45 crore with a purpose to develop the property in view of burgeoning real estate market for IT Park in Chennai.During the year 200607 the company promoted TVSE Servicetec Ltd as a wholly owned subsidiary which is engaged in Contract Customer Support Services Business CCS. Also the company restructured their business during the year. In May 31 2007 the company sold the CMS division operating at Tumkur together with all their assets and business to Incap Contract Manufacturing Services Pvt Ltd for a total consideration of Rs 42.42 crore. During the year 200708 the company launched a series of new products especially in the Point of Sale category and key boards. The company set up a new plant at Sela Qui near Dehradun Uttarakhand. Also they established a Unit II near the plant in Uttarakhand and moved the production lines from Kala Amb Himachal and Guindy Chennai. Thus the manufacturing operations at Kala Amb Himachal and Guindy Chennai ceased.In July 1 2007 the company transferred their CCS Business to their wholly owned subsidiary company TVSE Servicetec Ltd. In October 11 2007 the company transferred the shareholdings in TVSE Servicetec Ltd to TVS Investments Ltd. Also they sold the entire shareholdings in TVS Finance and Services Ltd to TVS Investments Ltd at cost. A part of the shareholdings in Modular Infotech Pvt Ltd was also transferred at par to TVS Investments Ltd.In October 11 2007 as part of restructuring the business the entire shareholding in Sravanaa Properties Ltd was transferred to TVS Capital Funds Ltd. Also the company promoted Tumkur Property Holdings Ltd and Prime Property Holdings Ltd on October 24 2007 and November 9 2007 respectively to acquire the non core assets at Tumkur and Chennai.During the year 200809 the company expanded their presence in the supplies business by starting a fresh revenue stream of Rs 1 crore. They made renewed efforts on cost reduction to combat the adverse impact of Forex volatility and price erosion especially in the Enterprise and Government segment of the business.As a part of overall consolidation for efficiency the company invested in a second plant at Dehradun Uttarakhand expanding their capacity to manufacture printers keyboards and print heads across the range of products. They have also invested in the Tamil Nadu SEZ Oragadam for long term strategic options.During the year 200910 the company continued their focus on fulfillment of customer needs by continuous and extensive engagement with customers and launched Scanners and Thermal Mini Printers in the market. In November 2010 the company launched the next generation Point of Sale printers in association with Citizen Systems Japan. The new range of POS printers includes direct thermal and dot matrix technology. With the introduction of these printers TVSE has further raised the bar of transaction printing. The new range of POS printers consists of RP 3300 RP 4150 RP 3200 gold and RP 35 Gold.
OrganisationTVS Electronics Ltd
HeadquartersChennai
IndustryIT - Hardware