Eicher Motors Ltd

Eicher Motors Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eicher Motors Ltd

₹ 4,802 -0.82%
04 Dec 1:59 p.m.
eicher.in BSE: 505200 NSE: EICHERMOT
About

Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles.
Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business [1]

Key Points

Business Verticals

Website BSE NSE
  • Market Cap ₹ 1,31,638 Cr.
  • Current Price ₹ 4,802
  • High / Low ₹ 5,105 / 3,562
  • Stock P/E 33.0
  • Book Value ₹ 603
  • Dividend Yield 1.05 %
  • ROCE 34.5 %
  • ROE 26.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 37.3%

Cons

  • Stock is trading at 7.94 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,182 2,838 3,195 3,248 3,397 3,590 3,831 3,901 3,931 4,054 4,192 4,231 4,205
1,739 2,257 2,440 2,460 2,594 2,733 2,887 2,888 2,833 2,939 3,037 3,053 3,101
Operating Profit 443 581 755 788 804 857 945 1,013 1,097 1,115 1,155 1,179 1,105
OPM % 20% 20% 24% 24% 24% 24% 25% 26% 28% 28% 28% 28% 26%
112 95 113 93 153 191 203 335 276 250 307 417 337
Interest 2 5 2 3 3 4 3 3 5 5 6 4 5
Depreciation 108 110 117 114 125 131 142 135 131 138 155 158 169
Profit before tax 445 562 749 764 829 914 1,002 1,209 1,238 1,221 1,302 1,433 1,268
Tax % 23% 25% 26% 24% 26% 26% 25% 24% 24% 25% 24% 24% 20%
343 422 553 580 615 681 747 914 938 914 983 1,088 1,010
EPS in Rs 12.56 15.44 20.24 21.22 22.48 24.89 27.31 33.42 34.28 33.38 35.91 39.71 36.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,049 1,702 3,031 6,186 7,038 8,958 9,794 9,077 8,619 10,123 14,067 16,078 16,683
904 1,389 2,297 4,478 4,832 6,103 6,846 6,871 6,831 8,005 10,672 11,696 12,129
Operating Profit 146 314 734 1,708 2,206 2,854 2,948 2,207 1,788 2,118 3,394 4,382 4,554
OPM % 14% 18% 24% 28% 31% 32% 30% 24% 21% 21% 24% 27% 27%
46 80 116 283 227 19 486 612 450 450 639 1,166 1,312
Interest 0 0 2 2 3 3 3 11 9 10 13 19 21
Depreciation 17 30 50 137 153 222 299 378 446 446 512 559 620
Profit before tax 174 363 798 1,853 2,277 2,648 3,133 2,430 1,783 2,112 3,508 4,970 5,224
Tax % 17% 23% 30% 29% 31% 35% 34% 22% 25% 25% 25% 25%
145 279 559 1,309 1,560 1,713 2,054 1,904 1,330 1,586 2,623 3,749 3,995
EPS in Rs 5.36 10.30 20.62 48.20 57.33 62.84 75.31 69.71 48.65 58.01 95.90 136.94 145.85
Dividend Payout % 37% 29% 24% 21% 17% 18% 17% 18% 35% 36% 39% 37%
Compounded Sales Growth
10 Years: 25%
5 Years: 10%
3 Years: 23%
TTM: 9%
Compounded Profit Growth
10 Years: 31%
5 Years: 13%
3 Years: 41%
TTM: 22%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 25%
1 Year: 17%
Return on Equity
10 Years: 27%
5 Years: 21%
3 Years: 22%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 27 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 602 794 1,207 2,309 3,895 5,345 7,099 8,248 9,678 10,767 12,860 15,666 16,503
5 4 0 23 67 86 76 101 60 53 140 210 206
391 658 995 1,265 1,550 2,336 2,275 2,203 2,860 3,375 3,848 4,569 4,807
Total Liabilities 1,024 1,483 2,229 3,624 5,540 7,795 9,477 10,579 12,625 14,223 16,876 20,473 21,543
138 299 501 788 870 1,497 1,871 2,369 2,423 2,401 2,600 2,774 3,351
CWIP 60 14 59 94 374 333 450 312 310 504 468 553 225
Investments 649 856 1,189 2,074 3,542 3,866 3,047 3,926 2,045 5,950 10,280 11,307 12,326
177 314 480 667 755 2,098 4,110 3,973 7,847 5,368 3,527 5,838 5,641
Total Assets 1,024 1,483 2,229 3,624 5,540 7,795 9,477 10,579 12,625 14,223 16,876 20,473 21,543

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
204 368 686 1,474 1,761 2,515 1,608 1,718 1,674 1,570 2,786 3,845
-153 -298 -598 -1,017 -1,752 -2,158 -673 -1,506 -1,615 -1,138 -2,374 -2,995
-50 -55 -86 -466 -19 -280 -334 -883 -16 -474 -441 -796
Net Cash Flow 1 15 2 -8 -10 76 601 -671 44 -42 -29 53

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 3 1 3 3 3 4 5 11 18 18 13
Inventory Days 41 50 41 32 32 30 44 38 55 55 41 45
Days Payable 96 111 99 76 75 92 89 73 107 108 79 85
Cash Conversion Cycle -53 -59 -56 -42 -41 -59 -41 -30 -41 -35 -20 -27
Working Capital Days -93 -91 -80 -45 -50 -58 -35 -38 -23 -14 -11 6
ROCE % 24% 46% 72% 103% 72% 63% 50% 31% 20% 21% 29% 34%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.22% 49.21% 49.21% 49.21% 49.20% 49.20% 49.18% 49.15% 49.15% 49.14% 49.11% 49.10%
29.45% 29.22% 29.50% 30.25% 29.85% 28.63% 30.28% 28.89% 30.27% 28.95% 28.81% 27.61%
9.73% 9.95% 10.13% 9.95% 9.96% 11.19% 10.03% 10.48% 9.73% 11.04% 11.84% 13.67%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
11.50% 11.52% 11.06% 10.48% 10.88% 10.88% 10.43% 11.37% 10.76% 10.77% 10.14% 9.52%
No. of Shareholders 2,71,0752,63,4792,34,5122,38,2942,60,1612,66,1682,45,4612,80,5302,48,4862,63,1322,56,9782,47,951

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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