EICHERMOT

EICHER MOTORS

Large Cap BSE: 505200 NSE: EICHERMOT
₹3344.4
12.55 (0.38%)
  • Advice
  • Hold
As on 05 December, 2022 | 18:01

Eicher Motors Performance

Day Range

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52 Week Range

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Eicher Motors Share Price

Eicher Motors Share Returns

  • Over 1 Month -8.79%
  • Over 3 Month -1.65%
  • Over 6 Month 24.55%
  • Over 1 Year 36.2%

Eicher Motors Key Statistics

P/E Ratio 39.2
PEG Ratio 1
Market Cap Cr 91,462
Price to Book Ratio 7.3
EPS 58.1
Dividend 0.6
Relative Strength Index 37.29
Money Flow Index 28.21
MACD Signal -49.95
Average True Range 81.93

Eicher Motors Investment Rating

  • Master Rating:
  • Eicher Motors has an operating revenue of Rs. 12,990.83 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 21% is great, ROE of 13% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 50DMA and around 10% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -12% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 83 which is a GOOD score indicating consistency in earnings, a RS Rating of 66 which is FAIR indicating the recent price performance, Buyer Demand at D- which indicates heavy supply, Group Rank of 85 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Eicher Motors Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 3,3543,2043,1482,8382,1821,9082,917
Operating Expenses Qtr Cr 2,5942,4602,4402,2571,7391,5732,279
Operating Profit Qtr Cr 804788755581443334644
Depreciation Qtr Cr 125114117110108110123
Interest Qtr Cr 3325222
Tax Qtr Cr 21418419614010289163
Net Profit Qtr Cr 615580553422343267468

Eicher Motors Technicals

EMA & SMA

Current Price
3344.4
12.55 (0.38%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 3459.09
  • 50 Day
  • 3487.82
  • 100 Day
  • 3372.09
  • 200 Day
  • 3149.79
  • 20 Day
  • 3472.5
  • 50 Day
  • 3556.81
  • 100 Day
  • 3417.63
  • 200 Day
  • 3005.7

Eicher Motors Resistance and Support

PIVOT
₹3363.95
Resistance
First Resistance 3402.9
Second Resistance 3473.95
Third Resistance 3512.9
RSI 37.29
MFI 28.21
MACD Single Line -49.95
MACD -57.96
Support
First Resistance 3292.9
Second Resistance 3253.95
Third Resistance 3182.9

Eicher Motors Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,480,491 62,906,063 42.49
Week 818,193 39,175,090 47.88
1 Month 789,990 33,637,774 42.58
6 Month 837,366 33,896,575 40.48

Eicher Motors Result Highlights

Eicher Motors Synopsis

NSE-Auto Manufacturers

Eicher Motors is involved in the business activities of Manufacture of motorcycles. Company’s Total Operating Revenue is Rs. 10122.86 Cr. and Equity Capital is Rs. 27.34 Cr. for the Year ended 31/03/2022. Eicher Motors Ltd. is a Public Limited Listed company incorporated on 14/10/1982 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L34102DL1982PLC129877 and registration number is 129877.
Market Cap 91,280
Sales 12,678
Shares in Float 13.95
No of funds 906
Yield 0.63
Book Value 8.44
U/D Vol ratio 0.5
LTDebt / Equity
Alpha 0.1
Beta 0.98

Eicher Motors

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 49.21%49.21%49.21%
Mutual Funds 6.65%7%6.63%
Insurance Companies 2.53%2.82%2.85%
Foreign Portfolio Investors 30.25%29.5%29.22%
Financial Institutions/ Banks 0.02%0.05%0.19%
Individual Investors 8.37%8.6%8.93%
Others 2.97%2.82%2.97%

Eicher Motors Management

Name Designation
Mr. Srinivasan Sandilya Chairman & Ind.Dire (Non-Exe)
Mr. Siddhartha Vikram Lal Managing Director & CEO
Ms. Manvi Sinha Ind. Non-Executive Director
Mr. Inder Mohan Singh Ind. Non-Executive Director
Mr. Govindarajan Balakrishnan Additional Whole Time Director

Eicher Motors Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Eicher Motors Corporate Action

Date Purpose Remarks
2022-11-10 Quarterly Results
2022-08-10 Quarterly Results
2022-05-13 Audited Results & Final Dividend
2022-02-14 Quarterly Results
2021-11-03 Quarterly Results
Date Purpose Remarks
2020-08-25 Split Rs.0.00 split from Rs. 10/- to Re. 1/-.

Eicher Motors MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494
ICICI Prudential Bluechip Fund Growth 34823
SBI Bluechip Fund Regular Growth 34730

About Company

Eicher Motors, the most popular and well-performing company in the Eicher group and a leader in the automobile industry in India, was incorporated in 1982. 

Royal Enfield, the world's oldest motorcycle brand in continuous production, has been producing its distinctive motorcycles since 1901. Eicher Motors Limited (EML) is its parent company and has development facilities in Leicestershire, UK, and Chennai, India, and operates in over 60 countries worldwide.

Eicher Group's integrated manufacturing plant in Pithampur, Madhya Pradesh, is the global hub for Volvo's medium-duty five- and eight-litre engines.

Eicher Motors is traded on the Bombay Stock Exchange and the National Stock Exchange. Since April 1, 2016, it has been a component of the Nifty 50 Index.

History

Eicher Tractor Corporation of India, founded in 1958, produced its first tractor in Faridabad in 1959. In 1980, it was renamed Eicher, and in 1982, it began producing light vehicles with technical assistance from Mitsubishi. Eicher went public in 1987, and Goodearth purchased 26% of Enfield India Ltd in 1990. Eicher vehemently contended for the 'company of the year for 90-91' for its contributions to the four-wheeler sector in 1992.

By then, it had continuously produced tractors, commercial vehicles, jeeps, and cars. It had purchased 60% of the stock interest in Enfield India Ltd. Eicher renamed Enfield India Ltd as Royal Enfield. In 1994, it ceased taking technical support from Mitsubishi. In 1996, Eicher Ltd was formed through a merger with Royal Enfield Motors. Eicher Motors now produces the Royal Enfield motorcycle and the VE-series heavy-duty trucks.

Shareholding Pattern

Eicher Motors Shareholding Pattern page displays the DII's holding, Shareholding by the general public, Promoter's holding, and FIIs holding as follows:

No of Shares—273423102 (100%)

Promoters—128468159(46.99%)

Foreign Institutions—79903448 (29.22%)

Nationalised Banks Mutual Funds—18137604 (6.63%)

CentralGovt—260780 (0.1%)

Others—7077636 (2.59%)

General public—24423525 (8.93%)

Financial Institutions—9055070 (3.31%)

Foreign Promoter—6096880 (2.23%)

Corporate Social Responsibility Information

Corporate Social Responsibility (CSR) is based on the belief that it can impact the industry in particular and the society at large in a significant manner by maintaining a healthy and trained workforce. Through their CSR initiatives, Eicher Motors works to overcome the divide between the automobile industry's demand for skilled labour and the available talent.

Driver Empowerment Initiatives

The driver welfare initiative works to provide comfort to drivers during long journeys by providing rest and training facilities. The training facility guides drivers in personal hygiene, fuel conservation, financial literacy and behavioural aspects. In its association with Indian Oil Corporation, Eicher has already started 6 Driver Pragati Kendras and is working on adding 6 more to the number.

Road Safety Initiatives

Eicher Motors works continuously to spread road safety awareness in a unique way to students by hosting numerous inter-school programmes during road safety week. The most significant inter-school competition is the quiz where the schools in a chosen locality compete with each other. Eicher Motors associates with the Indore police to organize the quiz on road safety, and the number of participating schools totalled 800.

Efforts to Fight Covid 19

Eicher Motors strived to fight the pandemic by providing 1,50,000 food packets at Pithampur and Dewas, the areas surrounding the VEVC manufacturing plant. They distributed 4500 meal packets to the underprivileged and extended a helping hand to 500 construction workers by providing food and sanitation facilities in Bhopal.

In addition, Eicher Motors provided masks, sanitization kits and food to over 11,000 drivers and sanitized about 1600 trucks. Eicher Motors also offered their customers an extended warranty, free service, and annual maintenance for two months. 

Financial Information 

Top Line

As of March 2022, Eicher Motor's audited financial statements show total revenue of INR 10577.14 crores. It was INR 9289.94 crores in 2018, INR 10302.52 crores in 2019, INR 9692.81 crores in 2020, and INR 9071.07 crores in 2021

Bottom Line

Eicher Motors recorded a rise of 16% in net profits in the fourth quarter of 2021-22. The net earnings for March 2022 are INR 1586.22 Cr against the net profit of March 2021, which was INR 1329.70 Cr. However, Eicher Motors' revenue was INR 1903.82 Cr in March 2020; in March 2019, it was INR 2071.96 Cr; in March 2018, it was INR 2024.89 Cr.

Net Worth

The total assets of Eicher Motors were approximately INR 87.5B at the end of 2021. The financial statements of the top automobile company in India reflect a rise compared to 2020. 

Eicher Motors FAQs

What is Share Price of Eicher Motors ?

Eicher Motors share price is ₹3344 As on 05 December, 2022 | 17:47

What is the Market Cap of Eicher Motors ?

The Market Cap of Eicher Motors is ₹91462 Cr As on 05 December, 2022 | 17:47

What is the P/E ratio of Eicher Motors ?

The P/E ratio of Eicher Motors is 39.2 As on 05 December, 2022 | 17:47

What is the PB ratio of Eicher Motors ?

The PB ratio of Eicher Motors is 7.3 As on 05 December, 2022 | 17:47

Is Eicher Motors debt-free?

Eicher Motors is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

Who is the CEO of Eicher Motors?

Siddhartha Lal has been the CEO of Eicher Motors since 1 May 2006.

Is Eicher Motors a good buy for the long term?

Eicher Motors has an operating revenue of INR 9,992.45 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 20% is great. Institutional holding has gone up in the last reported quarter is a positive sign. As per analysts rating in the last 6 months, the recommendation is to HOLD Eicher Motors.

What is the ROE of Eicher Motors?

Eicher Motors ROE is 11%, which is good.

What is the PE ratio of Eicher Motors?

The PE ratio of Eicher Motors is 50.

How to buy Eicher Motors Ltd shares?

You can buy the shares of  Eicher Motors Ltd . by registering at 5Paisa and setting up a Demat account in your name.

Q2FY23