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Eicher Motors Ltd share Price Today

Company details

3,891.75
4,075.00
2,850.00
4,200.00
6M Return 15.51%
1Y Return 39.29%
Mkt Cap.(Cr) 110,038.79
Volume 1,307,106
Div Yield 0.92%
OI
-
OI Chg %
-
Volume 1,307,106

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About The Stock

    Eicher Motors (EML) is the market leader in the >250 cc premium motorcycle segment (market share ~90%+) through its aspirational models under the Royal Enfield (RE) brand, such as Bullet, Classic, Interceptor among others

    • Via its JV with Volvo i.e., VECV (EML has 54.4% stake), the company has a presence in the CV space as well (6.6% FY22 market share)
    • Strong net cash positive b/s with healthy return ratios metrics
Q4FY22

    EML posted a healthy operational performance in Q4FY22.

    • Consolidated revenues were at ₹ 3,193 crore, up 10.9% QoQ
    • Reported EBITDA margins came in at 23.7%, up 350 bps QoQ
    • Consequent consolidated PAT was at ₹ 610 crore, up 33.8% QoQ

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Research view on more stocks

Automobiles company Eicher Motors announced Q3FY24 results:

  • The Company recorded its highest-ever revenue from operations at Rs 4,179 crore, up 12% compared to Rs 3,721 crore in Q3FY23
  • EBITDA was Rs 1,090 crore, up 27% compared to Rs 857 crore in the same quarter of the previous financial year.
  • The company registered Profit after Tax at Rs 996 crore, registering a strong growth of 34% in comparison to Rs 741 crore during the same period last year.
  • Royal Enfield sold 2,29,214 motorcycles in the quarter, an increase of 4% compared to 2,19,898 motorcycles sold over the same period in FY23.

Reflecting on Eicher Motors’ performance in the quarter gone by, Siddhartha Lal, Managing Director, Eicher Motors, said, “It has been a good quarter for us at Eicher Motors, as we recorded solid business and financial performance across the board. We have strengthened our portfolio and further built on our success as we launched two new motorcycles - the much-awaited new Himalayan, and the stunning Shotgun 650 - and we closed the year with an amazing edition of the Motoverse. The new motorcycles have created waves across the globe and have earned us love, appreciation and accolades. We believe the Himalayan on the new Sherpa 450 platform has the potential to change adventure touring around the world, and significantly grow the middleweight motorcycling segment. The new Himalayan won the Indian Motorcycle of the Year - IMOTY; our 4th IMOTY in the last six years. At VE Commercials Vehicles, we recorded our best third quarter ever, with strong sales and improved market share across all business segments. We have recently announced our entry into the growing Small Commercial Vehicle segment with an Electric-First offer which will be available from 2025”

Speaking about Royal Enfield’s exhilarating performance, B. Govindarajan, CEO - Royal Enfield and Wholetime Director, EML said, “It has been a great quarter at Royal Enfield as we’ve continued on our strong growth momentum and have registered our highest ever sales for the quarter. We have further strengthened our product portfolio with the launches of the all-new Himalayan, the Shotgun 650 and new colourways on the Meteor 350. These motorcycles have resonated very strongly with consumers across the world. We also launched our new connected-vehicle solution, Royal Enfield Wingman, on the Super Meteor 650. To bring more value-added services and seamless experiences, we launched the industry-first Assured Buyback, and REOWN programmes as well. We’ve made significant steps in our sustainability journey and the recent recognition we’ve received from CII’s Indian Green Building Council (IGBC) for our global headquarters in Chennai is a testament to our consistent efforts towards attaining a greener future. Also, we are proud to announce that our Oragadam facility has been awarded Future Ready Factory Of The Year 2023 by Frost Sullivan’s India Manufacturing Excellence Awards''

Result PDF

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Eicher Motors Ltd shares SWOT Analysis

Strengths (15)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 4,099.0
R2 4,178.6
R3 4,282.2
Pivot

3,995.35

S1 3,915.7
S2 3,812.1
S3 3,732.5
EMA SMA
3,861.4
3,845.0
3,795.0
3,672.7
3,825.4
3,826.7
3,860.5
3,632.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SIDDHARTHA LAL TRUST Block Purchase 2023-05-23 3597 28470 BSE
SIDDHARTHA VIKRAM LAL Block Sell 2023-05-23 3597 28470 BSE
SIDDHARTHA LAL TRUST Block Purchase 2023-03-10 3110 33000 BSE
Name Category Shares
Simran Lal PROMOTER 1.15%
THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4) PROMOTER 43.94%
THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash) PROMOTER 1.77%
TARA LAL PROMOTER 1.15%
SIDDHARTHA VIKRAM LAL PROMOTER 1.05%

OUR RESEARCH VIEW

Investment recommendation
Call Date
24 May 2023
Entry Price 3,540.00
Target Price 3,940.00
Duration
3 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Eicher Motors Ltd Stocks COMPARISON

Financials( in Cr) Eicher Motors Ltd Maruti Suzuki India Ltd Tata Motors Ltd Bajaj Auto Ltd Mahindra & Mahindra Ltd
Price 4,019.30 12,600.35 992.80 9,148.15 1,921.35
% Change 2.70 0.72 1.45 -0.16 2.14
Mcap Cr 110,038.79 396,158.78 329,892.25 259,057.31 238,925.44
Revenue TTM Cr 14,442.18 117,571.30 345,966.97 36,455.38 121,268.55
Net Profit TTM Cr 2,913.94 8,211.00 2,353.49 6,060.21 11,374.48
PE TTM 28.69 32.53 16.36 34.99 21.47
1 Year Return 39.29 52.21 140.94 140.26 68.85
ROCE 26.46 13.92 5.32 26.47 13.71
ROE 21.12 11.52 5.52 20.47 21.98
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 14,990.28 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
Eicher Motors Limited - Loss of Share Certificates

Mar 28, 2024 l NSE Announcement

Eicher Motors Limited - Restructuring

Mar 26, 2024 l NSE Announcement

Eicher Motors Limited - Loss of Share Certificates

Mar 22, 2024 l NSE Announcement

Date Action Type Ratio
Aug 14, 2023 Dividend 3700
Aug 12, 2022 Dividend 2100

Eicher Motors Ltd Information

Stock PE (TTM)
28.69
Promoter Holding
49.15%
Book Value
581.8336
ROCE
26.46%
ROE
21.12%
Description
  • Eicher Motors Ltd is in the Automobile sector with the Market Capitalization of worth Rs. 70,797.92 crores, it is incorporated in the year 1948. It has reported consolidated sales of Rs. 2,809.44 crores in December’2020. The company is listed in the Bombay Stock Exchange (BSE) with the code 505200 and also listed in the National Stock Exchange (NSE) with the code EICHERMOT.

    Eicher Motors Limited is an Indian international automotive company and it’s headquarter is located in Delhi. Eicher Motors produces motorcycles and commercial vehicles. Eicher Motors is also the parent company of Royal Enfield, a manufacturer of premium motorcycles. Eicher Motors has also entered into a joint venture with Volvo Trucks VE based in Sweden called VE Commercial Vehicles (VECV). The light commercial vehicle concept was made feasible in India due to a technical collaboration between Eicher Motors Ltd and Mitsubishi Motor Corporation of Japan. In the international markets, Eicher Motors Limited has a total of 77 exclusive stores spread across 60 nations. COVID-19 has impacted the business operations badly by hurting the production, supply chain, etc. due to the lockdown period. The promoters of the company own 49.22% of the stake in the company, Foreign Institutional Investors (FII) own 28.83%, Domestic Institutional Investors (DII) own 9.6% of the stake, and others (such as public & retail investors) hold the balance of 12.35%.

    In June 2021, quarterly net revenue was Rs. 1907.80 crores, which has increased by approximately 148.02 % from Rs. 769.21 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 267.21 crores, which has also increased by nearly 2072.44% from a net profit of Rs. 12.30 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,814.15 crores, which is also reduced by 138.18% as compared to an operating profit of Rs. 761.66 crores for the quarter ending in June 2020. From Rs. 0.45 in June 2020, the EPS of Eicher Motors has risen to Rs. 9.78 per share in June 2021. EICHERMOT's stock closed at Rs. 2,589.65 on 18th August’2021 (NSE) and has returned -3.93% in the last six months and 22.53% in the previous year.

Registered Address

3rd Floor - Select Citywalk, A - 3 District Centre Saket, New Delhi, New Delhi, 110017

Tel : 91-011-41437600
Email : investors:eichermotors.com; info:eichermotors.com
Website : http://www.eicher.in
Registrar

MCS Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 505200
NSE Code : EICHERMOT
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE066A01021

FAQ’s on Eicher Motors Ltd Shares

You can buy Eicher Motors Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Eicher Motors Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:58 PM the closing price of Eicher Motors Ltd was ₹ 4,019.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:58 PM, the market cap of Eicher Motors Ltd stood at ₹ 110,038.79.

The latest PE ratio of Eicher Motors Ltd as of Mar 28, 2024 03:58 PM is 28.69

The latest PB ratio of Eicher Motors Ltd as of Mar 28, 2024 03:58 PM is 0.14

The 52-week high of Eicher Motors Ltd share price is ₹ 4,200.00 while the 52-week low is ₹ 2,850.00

According to analyst recommendations, Eicher Motors Ltd Share has a “Buy” rating for the long term.

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