Eicher Motors Ltd.

NSE: EICHERMOT BSE: 505200 SECTOR: Automobile Two & Three Wheelers  144k   1k   192

2433.90
-86.50 (-3.43%)
NSE: 26 Nov 03:59 PM

Price Summary

Today's High

₹ 2506.1

Today's Low

₹ 2421.5

52 Week High

₹ 3037

52 Week Low

₹ 2303.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

66545.51 Cr.

Enterprise Value

60872.56 Cr.

No. of Shares

27.34 Cr.

P/E

39.87

P/B

5.77

Face Value

₹ 1

Div. Yield

0.7 %

Book Value (TTM)

₹  421.94

CASH

5830.36 Cr.

DEBT

157.41 Cr.

Promoter Holding

49.22 %

EPS (TTM)

₹  61.05

Sales Growth

-4.73%

ROE

12.37 %

ROCE

16.42%

Profit Growth

-26.73 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Eicher Motors Ltd.

ROYAL ENFIELD VE COMMERCIAL VEHICLES

Index Presence

The company is present in 27 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-4.73%
3 Year-0.92%
5 Year7.15%

Profit Growth

1 Year-26.73%
3 Year-11.88%
5 Year2.03%

ROE%

1 Year12.37%
3 Year18.76%
5 Year24.35%

ROCE %

1 Year16.42%
3 Year26.06%
5 Year34.55%

Debt/Equity

0.0139

Price to Cash Flow

38.83

Interest Cover Ratio

108.432218844985

CFO/PAT (5 Yr. Avg.)

1.07667389270796

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 49.22 0
Jun 2021 49.22 0
Mar 2021 49.23 0
Dec 2020 49.24 0
Sep 2020 49.25 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROCE of 26.0631481486793% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 108.432218844985.
  • The Company has been maintaining an effective average operating margins of 26.3428089335378% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -27.2861492266497 days.
  • Company has a healthy liquidity position with current ratio of 3.35074805710569.
  • The company has a good cash flow management; CFO/PAT stands at 1.07667389270796.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.08009451972354.

 Limitations

  • The company has shown a poor profit growth of -11.8842070086443% for the Past 3 years.
  • The company has shown a poor revenue growth of -0.91790365706732% for the Past 3 years.
  • The company is trading at a high PE of 39.87.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Net Sales 2133.6 2828.26 2940.33 1974.3 2249.56
Total Expenditure 1662.55 2156.24 2305.94 1611.33 1779.69
Operating Profit 471.05 672.02 634.39 362.97 469.87
Other Income 99.98 125.04 113.94 122.02 108.64
Interest 3.82 3.6 3.94 6.44 3.14
Depreciation 104.83 122.9 124.8 111.63 109.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 462.38 670.56 619.59 366.92 465.94
Tax 115.19 169.35 162.45 90.39 102.56
Profit After Tax 347.19 501.21 457.14 276.53 363.38
Adjustments -3.85 31.38 69 -39.4 9.82
Consolidated Net Profit 343.34 532.59 526.14 237.13 373.2
Adjusted EPS (Rs) 12.57 19.49 19.25 8.67 13.65

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 7033.36 8964.96 9797.06 9153.58 8720.35
Total Expenditure 4859.41 6157.33 6893.95 6973.23 6939.1
Operating Profit 2173.95 2807.63 2903.11 2180.35 1781.25
Other Income 227.33 280.1 443.39 543.25 453.19
Interest 3.56 5.34 7.33 18.88 16.45
Depreciation 153.81 223.3 300.28 381.54 450.73
Exceptional Items 0 0 0 0 0
Profit Before Tax 2243.91 2859.09 3038.89 2323.18 1767.26
Tax 720.3 935.93 1077.04 527.45 451.5
Profit After Tax 1523.61 1923.16 1961.85 1795.73 1315.76
Adjustments 143.47 36.51 240.88 31.71 31.13
Consolidated Net Profit 1667.08 1959.67 2202.73 1827.44 1346.89
Adjusted EPS (Rs.) 61.27 71.89 80.75 66.94 49.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 27.21 27.26 27.28 27.3 27.33
Total Reserves 5317.86 7002.81 8891.44 9953.63 11410.75
Minority Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other N/C liabilities 134.26 226.92 370.15 450.21 491.72
Current liabilities 1529.75 2265.24 2097.96 2018.58 2628.81
Total Liabilities 7009.08 9522.23 11386.83 12449.72 14558.61
Assets
Net Block 868.57 1497.83 1871.07 2374.36 2433.3
Capital WIP 265.01 141.89 272.14 26.75 63.91
Intangible WIP 108.76 191.32 177.6 285.42 250.38
Investments 4107.73 4951.3 4457.22 3239.43 2826.06
Loans & Advances 187.52 114.7 103.88 149.17 151.59
Other N/C Assets 90.55 90.15 89.61 0 24.89
Current Assets 1380.94 2535.04 4415.31 6374.59 8808.48
Total Assets 7009.08 9522.23 11386.83 12449.72 14558.61
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 2387.38 2895.6 3279.77 2354.89 1798.39
Adjustment -191.25 -44.24 -338.89 -118.4 113.96
Changes in Assets & Liabilities 163.48 438.01 -456.93 85.94 257.82
Tax Paid -651.64 -807.12 -908.48 -628.31 -456.6
Operating Cash Flow 1707.97 2482.25 1575.47 1694.12 1713.57
Investing Cash Flow -1743.58 -2145.02 -659.88 -1508.41 -1647.9
Financing Cash Flow 25.29 -262.01 -292.3 -858.25 -14.76
Net Cash Flow -10.32 75.22 623.29 -672.54 50.91

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 49.25 49.24 49.23 49.22 49.22
the simran siddhar... 44.03 44.03 44.01 44.01 44.00
the brinda lal tru... 1.78 1.78 1.78 1.78 1.78
simran lal 1.15 1.15 1.15 1.15 1.15
tara lal 1.15 1.15 1.15 1.15 1.15
siddhartha vikram ... 1.08 1.08 1.08 1.08 1.08
karvansarai invest... 0.06 0.06 0.06 0.06 0.06
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 50.75 50.76 50.77 50.78 50.78
sbi blue chip fund... - - - - -
life insurance cor... - - - - 1.94
sbi-etf nifty 50 a... - - - - -
amansa holdings pr... 1.51 1.51 1.54 1.68 1.90
government of sing... 1.53 1.07 - - -
icici prudential b... - - - - -
sbi etf nifty 50 a... 1.63 - - - -
life insurance cor... 1.10 1.56 1.56 1.56 -
sbi blue chip fund - 1.54 1.52 1.55 1.34
uti-equity fund an... - - - - -
motilal oswal mult... - - - - -
icici prudential b... 1.33 - - - -
wf asian smaller c... - - - - -
uti flexi cap fund - - 1.21 1.25 1.23
uti equity fund an... 1.25 - - - -
icici prudential b... - 1.06 - - -
uti-equity fund - 1.14 - - -
virtus vontobel em... - - - - -
stichting deposita... - - - - 1.02
iepf 0.76 0.75 0.74 0.76 0.76

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Eicher Motors informs about press release 25 Nov 2021, 4:57PM Eicher Motors’ arm commences operations of exclusive Local Assembly unit, CKD facility in Thailand25 Nov 2021, 12:28PM Eicher Motors debuts on Dow Jones Sustainability Indices16 Nov 2021, 4:57PM Eicher Motors reports 9% rise in Q2 consolidated net profit6 Nov 2021, 10:17AM Eicher Motors - Quaterly Results3 Nov 2021, 5:45PM Eicher Motors’ motorcycle arm reports 34% dip in total wholesales in October2 Nov 2021, 10:51AM Eicher Motors’ JV reports 38% increase in sales in October1 Nov 2021, 2:20PM Eicher Motors informs about notice of board meeting27 Oct 2021, 2:48PM Eicher Motors’ arm to undertake motorcycling expedition to South Pole14 Oct 2021, 2:26PM Eicher Motors’ JV launches premium bus range for inter-city travel segment13 Oct 2021, 9:10AM Eicher Motors’ JV reports 73% rise September sales 4 Oct 2021, 11:50AM Eicher Motors’ motorcycle division reports 44% fall in September sales4 Oct 2021, 10:11AM Eicher Motors’ motorcycle arm partners with TCX 27 Sep 2021, 3:08PM Eicher Motors’ motorcycle arm launches all-new Classic 350 model in Rajasthan7 Sep 2021, 11:44AM Eicher Motors’ motorcycle division reports 9% fall in August sales 2 Sep 2021, 10:19AM Eicher Motors informs about outcome of AGM18 Aug 2021, 4:34PM Eicher Motors reports consolidated net profit of Rs 237 crore in Q1 13 Aug 2021, 12:45PM Eicher Motors’ motorcycle arm reports 9% rise in total sales to 44,038 units for July2 Aug 2021, 2:15PM Eicher Motors developing complete range of electric bikes26 Jul 2021, 12:34PM Eicher Motors informs about annual report24 Jul 2021, 1:16PM Eicher Motors informs about book closure 17 Jul 2021, 10:12AM Eicher Motors informs about updates2 Jul 2021, 12:46PM Eicher Motors’ motorcycle arm reports total sales of 43,048 units in June 2 Jul 2021, 11:59AM Eicher Motors’ motorcycle arm commits Rs 20 crore aid to support COVID relief activities24 Jun 2021, 3:29PM Eicher Motors informs about disclosure23 Jun 2021, 12:49PM Eicher Motors’ arm looks to drive in array of new products for domestic, international markets14 Jun 2021, 1:27PM Eicher Motors' arm donates Rs 2 crore for COVID-19 relief work in Tamil Nadu10 Jun 2021, 2:57PM Eicher Motors’ JV launches different variants of ambulance 9 Jun 2021, 10:37AM Eicher Motors’ motorcycle division reports 43% rise in May sales2 Jun 2021, 9:57AM Eicher Motors reports 73% rise in Q4 consolidated net profit28 May 2021, 11:31AM Eicher Motors informs about disclosure28 May 2021, 11:16AM Eicher Motors’ motorcycle arm to shut its south Indian manufacturing plants for three days: Report26 May 2021, 2:13PM Eicher Motors informs about annual secretarial compliance report22 May 2021, 10:40AM Eicher Motors’ motorcycle arm to recall around 2,36,966 units of Classic, Bullet, Meteor models20 May 2021, 11:28AM Eicher Motors informs about board meeting18 May 2021, 12:06PM Eicher Motors’ motorcycle arm temporarily shuts down two manufacturing facilities 14 May 2021, 9:48AM Eicher Motors’ motorcycle arm reports 19% fall in total sales in April3 May 2021, 1:02PM Eicher Motors’ JV reports total sales of 2,145 units in April3 May 2021, 12:50PM Eicher Motors informs about disclosure29 Apr 2021, 4:43PM Eicher Motors informs about compliance certificate19 Apr 2021, 5:35PM Eicher Motors’ JV reports 19% rise in sales in February2 Mar 2021, 1:23PM Eicher Motors’ motorcycle division reports 10% rise in February sales2 Mar 2021, 10:27AM Eicher Motors’ arm launches new version of adventure-touring motorcycle Himalayan11 Feb 2021, 4:19PM Eicher Motors’ JV reports 2.3% rise in total commercial vehicle sales in January2 Feb 2021, 9:51AM Eicher Motors’ motorcycle arm forays into Japanese market30 Jan 2021, 11:23AM Eicher Motors’ JV reports 3% decline in total commercial vehicle sales in December2 Jan 2021, 12:22PM Eicher Motors’ motorcycle division reports 37% rise in December sales2 Jan 2021, 9:47AM Eicher Motors informs about stop transfer intimation11 Dec 2020, 4:58PM Eicher Motors’ JV starts production at its new truck plant in Bhopal7 Dec 2020, 9:14AM Eicher Motors’ JV reports 3.2% increase in sales in November2 Dec 2020, 9:53AM

Eicher Motors Stock Price Analysis and Quick Research Report. Is Eicher Motors an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Eicher Motors is performing and if it is the right time to buy the stock of Eicher Motors with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Eicher Motors has reported poor sales growth of -4.73290231800018 % and in the latest quarter sales was Rs 2249.56 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 12.053422716749 times for Eicher Motors . It is managing its inventory poorly .
     
  • The company reported Profit loss of -26.7284057180088 % over the year, where the latest year profit is Rs 1315.76 Cr compared to the previous year of Rs 1795.73 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 469.87 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Eicher Motors has a average ROE of 12.3724737471878 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Eicher Motors has a low Debt to Equity ratio of 0.0139.
     
  • Eicher Motors pays a dividend of 17 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.6936 %.
     
  • The share of promoter in the company is low at 49.22 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Eicher Motors is 39.8700647710408 compared to the 5 year average PE of 35.7894457002498 .
Brief about Eicher Motors

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