Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 98580.67 Crore) operating in Auto sector.
Eicher Motors Ltd. key Products/Revenue Segments include Automobile – 2 Wheelers, Spare Parts & Components, Allied Products, Other Operating Revenue, Other Services, Scrap for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 3446.12 Crore, up 4.07 % from last quarter Total Income of Rs 3311.34 Crore and up 64.39 % from last year same quarter Total Income of Rs 2096.32 Crore. Company has reported net profit after tax of Rs 576.88 Crore in latest quarter.
The company’s top management includes Mr.Srinivasan Sandilya, Mr.Siddhartha Vikram Lal, Ms.Manvi Sinha, Mr.Inder Mohan Singh, Mr.Govindarajan Balakrishnan. Company has S R
& Co. LLP as its auditors. As on 30-06-2022, the company has a total of 27 Crore shares outstanding.
Eicher Motors remains preferred pick in the 2W space as the brokerage anticipates 1) volume growth from new product launches, 2) rising export volumes from channel expansion (~21% export volume CAGR over FY22-25E) and 3) margin expansion (600bps over FY22-25E) led by improved operating leverage, better realization from export markets and significant reduction in raw material costs.
Promoters held 49.21 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.5 per cent, DIIs 10.14 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.