About the Company - Eicher Motors Ltd
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. Currently Company 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.
Management |
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Name | Position Held |
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Mr. Srinivasan Sandilya | Chairman & Ind.Dire (Non-Exe) |
Mr. Siddhartha Vikram Lal | Managing Director & CEO |
Mr. Govindarajan Balakrishnan | Whole Time Director |
Mr. Vinod Aggarwal | Non Executive Director |
Mr. Inder Mohan Singh | Ind. Non-Executive Director |
Ms. Manvi Sinha | Ind. Non-Executive Director |
Eicher Motors Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹3,900.00 |
Previous Day | ₹3,898.85 |
Basic Stock Data of Eicher Motors Ltd
Market Cap | 1,04,990 Cr. |
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Current Price | 3,835 |
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High / Low | 3,920/2,836 |
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Stock P/E | 29.3 |
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Book Value | 582 |
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Dividend Yield | 0.95 % |
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ROCE | 27.4 % |
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ROE | 21.1 % |
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Face Value | 1.00 |
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Eicher Motors Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 2,134 | 2,828 | 2,940 | 1,974 | 2,250 | 2,881 | 3,193 | 3,397 | 3,519 | 3,721 | 3,804 | 3,986 | 4,115 |
Expenses | 1,666 | 2,156 | 2,306 | 1,651 | 1,780 | 2,298 | 2,436 | 2,566 | 2,698 | 2,864 | 2,871 | 2,966 | 3,027 |
Operating Profit | 467 | 672 | 634 | 324 | 470 | 582 | 757 | 831 | 822 | 857 | 934 | 1,021 | 1,087 |
OPM % | 22% | 24% | 22% | 16% | 21% | 20% | 24% | 24% | 23% | 23% | 25% | 26% | 26% |
Other Income | 100 | 156 | 183 | 122 | 118 | 128 | 172 | 82 | 193 | 256 | 379 | 344 | 375 |
Interest | 4 | 4 | 4 | 6 | 3 | 6 | 3 | 5 | 7 | 8 | 8 | 10 | 13 |
Depreciation | 105 | 123 | 125 | 112 | 109 | 111 | 119 | 116 | 127 | 135 | 148 | 142 | 143 |
Profit before tax | 459 | 702 | 689 | 328 | 476 | 593 | 806 | 792 | 880 | 971 | 1,156 | 1,212 | 1,307 |
Tax % | 25% | 24% | 24% | 28% | 22% | 23% | 24% | 23% | 25% | 24% | 22% | 24% | 22% |
Net Profit | 343 | 533 | 526 | 237 | 373 | 456 | 610 | 611 | 657 | 741 | 906 | 918 | 1,016 |
EPS in Rs | 12.57 | 19.49 | 19.25 | 8.67 | 13.65 | 16.68 | 22.31 | 22.33 | 24.02 | 27.09 | 33.11 | 33.58 | 37.12 |
Eicher Motors Ltd Quarterly Chart
Eicher Motors Ltd Profit & Loss
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 5,684 | 6,390 | 6,810 | 8,738 | 6,173 | 7,033 | 8,965 | 9,797 | 9,154 | 8,720 | 10,298 | 14,442 | 15,626 |
Expenses | 5,094 | 5,840 | 6,094 | 7,621 | 4,484 | 4,859 | 6,156 | 6,893 | 6,971 | 6,937 | 8,120 | 10,996 | 11,727 |
Operating Profit | 590 | 550 | 715 | 1,118 | 1,690 | 2,174 | 2,809 | 2,904 | 2,183 | 1,783 | 2,178 | 3,446 | 3,899 |
OPM % | 10% | 9% | 11% | 13% | 27% | 31% | 31% | 30% | 24% | 20% | 21% | 24% | 25% |
Other Income | 141 | 136 | 93 | 105 | 326 | 416 | 536 | 701 | 572 | 482 | 496 | 908 | 1,354 |
Interest | 8 | 4 | 8 | 10 | 2 | 4 | 5 | 7 | 19 | 16 | 19 | 28 | 39 |
Depreciation | 64 | 82 | 130 | 220 | 137 | 154 | 223 | 300 | 382 | 451 | 452 | 526 | 568 |
Profit before tax | 660 | 600 | 671 | 993 | 1,877 | 2,433 | 3,116 | 3,297 | 2,355 | 1,798 | 2,203 | 3,800 | 4,646 |
Tax % | 25% | 21% | 22% | 29% | 29% | 30% | 30% | 33% | 22% | 25% | 24% | 23% | |
Net Profit | 497 | 475 | 525 | 702 | 1,338 | 1,667 | 1,960 | 2,203 | 1,827 | 1,347 | 1,677 | 2,914 | 3,581 |
EPS in Rs | 11.44 | 12.01 | 14.57 | 22.71 | 49.27 | 61.27 | 71.89 | 80.75 | 66.91 | 49.28 | 61.32 | 106.55 | 130.90 |
Dividend Payout % | 14% | 17% | 21% | 22% | 20% | 16% | 15% | 15% | 19% | 34% | 34% | 35% | |
Eicher Motors Ltd Profit & Loss Yearly Chart
Eicher Motors Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 9% |
5 Years:: | 10% |
3 Years:: | 16% |
TTM:: | 20% |
Eicher Motors Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 25% |
5 Years:: | 8% |
3 Years:: | 17% |
TTM:: | 53% |
Eicher Motors Ltd Growth
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Stock Price CAGR |
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10 Years:: | 23% |
5 Years:: | 10% |
3 Years:: | 15% |
1 Year:: | 9% |
Eicher Motors Ltd Growth
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Return on Equity |
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10 Years:: | 22% |
5 Years:: | 18% |
3 Years:: | 16% |
Last Year:: | 21% |
Eicher Motors Ltd Balance Sheet
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
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Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
Reserves | 1,466 | 1,728 | 2,028 | 2,489 | 3,626 | 5,318 | 7,003 | 8,891 | 9,954 | 11,411 | 12,581 | 14,963 | 15,904 |
Borrowings | 43 | 23 | 84 | 58 | 23 | 112 | 151 | 187 | 249 | 219 | 108 | 288 | 416 |
Other Liabilities | 2,257 | 2,694 | 3,197 | 3,829 | 1,263 | 1,552 | 2,341 | 2,281 | 2,220 | 2,901 | 3,424 | 3,919 | 4,715 |
Total Liabilities | 3,793 | 4,471 | 5,337 | 6,403 | 4,939 | 7,009 | 9,522 | 11,387 | 12,450 | 14,559 | 16,140 | 19,198 | 21,062 |
Fixed Assets | 504 | 992 | 1,656 | 2,309 | 790 | 873 | 1,502 | 1,875 | 2,378 | 2,433 | 2,424 | 2,690 | 3,158 |
CWIP | 352 | 504 | 464 | 419 | 94 | 374 | 333 | 450 | 312 | 314 | 505 | 472 | 167 |
Investments | 513 | 638 | 825 | 1,078 | 3,388 | 4,987 | 5,581 | 4,923 | 5,749 | 3,902 | 7,721 | 12,321 | 12,965 |
Other Assets | 2,424 | 2,337 | 2,391 | 2,597 | 667 | 775 | 2,106 | 4,140 | 4,011 | 7,909 | 5,490 | 3,715 | 4,772 |
Total Assets | 3,793 | 4,471 | 5,337 | 6,403 | 4,939 | 7,009 | 9,522 | 11,387 | 12,450 | 14,559 | 16,140 | 19,198 | 21,062 |
Eicher Motors Ltd Reserves and Borrowings Chart
Eicher Motors Ltd Cash Flow
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 405 | 496 | 716 | 1,047 | 1,463 | 1,708 | 2,482 | 1,575 | 1,694 | 1,691 | 1,527 | 2,847 |
Cash from Investing Activity | -338 | -773 | -790 | -1,214 | -1,001 | -1,744 | -2,145 | -660 | -1,508 | -1,625 | -983 | -2,422 |
Cash from Financing Activity | -114 | -111 | -47 | -162 | -466 | 25 | -262 | -292 | -858 | -15 | -593 | -417 |
Net Cash Flow | -47 | -388 | -121 | -329 | -4 | -10 | 75 | 623 | -673 | 51 | -50 | 8 |
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Eicher Motors Ltd Financial Efficiency Indicators
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 22 | 25 | 27 | 23 | 2 | 3 | 3 | 3 | 3 | 7 | 11 | 9 |
Inventory Days | 38 | 39 | 41 | 41 | 33 | 33 | 31 | 46 | 42 | 62 | 69 | 57 |
Days Payable | 70 | 76 | 94 | 96 | 77 | 75 | 92 | 89 | 74 | 108 | 110 | 80 |
Cash Conversion Cycle | -10 | -12 | -25 | -31 | -42 | -40 | -58 | -40 | -28 | -39 | -29 | -14 |
Working Capital Days | -20 | -20 | -27 | -33 | -45 | -49 | -58 | -35 | -37 | -23 | -12 | -12 |
ROCE % | 29% | 22% | 22% | 28% | 51% | 53% | 49% | 41% | 25% | 17% | 18% | 27% |
Eicher Motors Ltd Financial Efficiency Indicators Chart
Eicher Motors Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 49.24% | 49.23% | 49.22% | 49.22% | 49.22% | 49.21% | 49.21% | 49.21% | 49.20% | 49.20% | 49.18% | 49.15% |
FIIs | 28.89% | 29.06% | 28.83% | 30.28% | 29.45% | 29.22% | 29.50% | 30.25% | 29.85% | 28.63% | 30.28% | 28.89% |
DIIs | 9.35% | 9.08% | 9.50% | 8.65% | 9.73% | 9.95% | 10.13% | 9.95% | 9.96% | 11.19% | 10.03% | 10.48% |
Government | 0.15% | 0.15% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Public | 12.37% | 12.49% | 12.36% | 11.76% | 11.50% | 11.52% | 11.06% | 10.48% | 10.88% | 10.88% | 10.43% | 11.37% |
No. of Shareholders | 2,18,166 | 2,52,014 | 2,58,544 | 2,49,288 | 2,71,075 | 2,63,479 | 2,34,512 | 2,38,294 | 2,60,161 | 2,66,168 | 2,45,461 | 2,80,530 |
Eicher Motors Ltd Shareholding Pattern Chart
No. of Eicher Motors Ltd Shareholders
Eicher Motors Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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SBI Nifty 50 ETF | 2540247 | 0.54 | 837.15 |
SBI Blue Chip Fund | 2510540 | 2.14 | 827.36 |
Mirae Asset Large Cap Fund | 1064470 | 1.02 | 350.8 |
Mirae Asset Emerging Bluechip Fund | 820244 | 0.96 | 270.32 |
UTI Flexi Cap Fund | 736810 | 1 | 242.82 |
UTI Transportation and Logistic Fund | 607702 | 8.53 | 200.27 |
UTI Value Fund | 375000 | 1.67 | 123.58 |
Franklin India Bluechip Fund - Dividend | 325000 | 1.61 | 107.11 |
Franklin India Bluechip Fund - Growth | 325000 | 1.61 | 107.11 |
UTI Large Cap Fund | 323543 | 0.96 | 106.63 |
Eicher Motors Ltd ROCE Trend
Eicher Motors Ltd EPS Trend
Eicher Motors Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 1.00 | 1.00 | 1.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 106.56 | 61.33 | 49.30 | 669.52 | 807.76 |
Diluted EPS (Rs.) | 106.38 | 61.26 | 49.24 | 669.19 | 806.86 |
Cash EPS (Rs.) | 114.26 | 75.65 | 64.64 | 797.53 | 829.23 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 548.09 | 461.16 | 418.52 | 3656.02 | 3269.32 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 548.09 | 461.16 | 418.52 | 3656.02 | 3269.32 |
Revenue From Operations / Share (Rs.) | 528.05 | 376.66 | 319.08 | 3352.96 | 3591.30 |
PBDIT / Share (Rs.) | 147.67 | 95.58 | 81.76 | 997.65 | 1226.72 |
PBIT / Share (Rs.) | 128.43 | 79.05 | 65.27 | 857.90 | 1116.65 |
PBT / Share (Rs.) | 127.40 | 78.36 | 64.66 | 850.98 | 1113.96 |
Net Profit / Share (Rs.) | 95.02 | 59.12 | 48.14 | 657.78 | 719.15 |
NP After MI And SOA / Share (Rs.) | 106.54 | 61.32 | 49.28 | 669.39 | 807.45 |
PBDIT Margin (%) | 27.96 | 25.37 | 25.62 | 29.75 | 34.15 |
PBIT Margin (%) | 24.32 | 20.98 | 20.45 | 25.58 | 31.09 |
PBT Margin (%) | 24.12 | 20.80 | 20.26 | 25.38 | 31.01 |
Net Profit Margin (%) | 17.99 | 15.69 | 15.08 | 19.61 | 20.02 |
NP After MI And SOA Margin (%) | 20.17 | 16.28 | 15.44 | 19.96 | 22.48 |
Return on Networth / Equity (%) | 19.43 | 13.29 | 11.77 | 18.30 | 24.69 |
Return on Capital Employeed (%) | 22.00 | 16.35 | 14.95 | 22.46 | 32.79 |
Return On Assets (%) | 15.17 | 10.34 | 9.25 | 14.67 | 19.34 |
Total Debt / Equity (X) | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 |
Asset Turnover Ratio (%) | 0.85 | 0.70 | 0.68 | 0.82 | 1.03 |
Current Ratio (X) | 1.14 | 1.88 | 3.35 | 3.15 | 2.10 |
Quick Ratio (X) | 0.74 | 1.50 | 3.02 | 2.87 | 1.80 |
Inventory Turnover Ratio (X) | 7.65 | 6.50 | 7.53 | 8.10 | 10.11 |
Dividend Payout Ratio (NP) (%) | 19.70 | 27.71 | 0.00 | 37.34 | 13.61 |
Dividend Payout Ratio (CP) (%) | 16.69 | 21.83 | 0.00 | 30.89 | 11.98 |
Earning Retention Ratio (%) | 80.30 | 72.29 | 0.00 | 62.66 | 86.39 |
Cash Earning Retention Ratio (%) | 83.31 | 78.17 | 0.00 | 69.11 | 88.02 |
Interest Coverage Ratio (%) | 144.14 | 139.14 | 135.83 | 144.26 | 456.55 |
Interest Coverage Ratio (Post Tax) (%) | 93.75 | 87.07 | 80.99 | 96.11 | 268.65 |
Enterprise Value (Cr.) | 80025.18 | 64605.07 | 65487.54 | 32921.90 | 53249.41 |
EV / Net Operating Revenue (X) | 5.54 | 6.27 | 7.51 | 3.60 | 5.44 |
EV / EBITDA (X) | 19.81 | 24.72 | 29.31 | 12.09 | 15.91 |
MarketCap / Net Operating Revenue (X) | 5.59 | 6.53 | 8.16 | 3.90 | 5.72 |
Retention Ratios (%) | 80.29 | 72.28 | 0.00 | 62.65 | 86.38 |
Price / BV (X) | 5.38 | 5.34 | 6.22 | 3.58 | 6.28 |
Price / Net Operating Revenue (X) | 5.59 | 6.53 | 8.16 | 3.90 | 5.72 |
EarningsYield | 0.03 | 0.02 | 0.01 | 0.05 | 0.03 |
Eicher Motors Ltd Profitability Ratios (%)
Eicher Motors Ltd Liquidity Ratios
Eicher Motors Ltd Liquidity Ratios (%)
Eicher Motors Ltd Interest Coverage Ratios (%)
Eicher Motors Ltd Valuation Ratios
Fair Value of Eicher Motors Ltd Stock
Fair Value: ₹3632.28
The stock is overvalued by 5.29% compared to the current price ₹3835
*Investments are subject to market risks
Strength and Weakness of Eicher Motors Ltd Stock
Strength | Weakness |
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The stock has a low average Working Capital Days, which is a positive sign. The stock has a low average Cash Conversion Cycle, which is a positive sign. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The company has higher borrowings compared to reserves, which may suggest financial risk. |
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