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
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''
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.
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.
Eicher Motors share price as on 29 Mar 2024 is Rs. 4019.3. Over the past 6 months, the Eicher Motors share price has increased by 15.51% and in the last one year, it has increased by 39.29%. The 52-week low for Eicher Motors share price was Rs. 2850 and 52-week high was Rs. 4200.
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.