Eicher Motors Ltd

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

Eicher Motors Ltd

₹ 4,844 0.49%
03 Dec - close price
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 ₹ 1,32,821 Cr.
  • Current Price ₹ 4,844
  • High / Low ₹ 5,105 / 3,562
  • Stock P/E 31.1
  • Book Value ₹ 693
  • Dividend Yield 1.05 %
  • ROCE 31.1 %
  • ROE 24.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.6%

Cons

  • Earnings include an other income of Rs.1,729 Cr.

* 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 Nifty500 Multicap India Manufacturing 50:30:20 BSE 250 LargeMidCap Index BSE 500 Nifty Total Market Nifty 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,250 2,881 3,193 3,397 3,519 3,721 3,804 3,986 4,115 4,179 4,256 4,393 4,263
1,780 2,298 2,436 2,566 2,698 2,864 2,871 2,966 3,027 3,089 3,127 3,228 3,175
Operating Profit 470 582 757 831 822 857 934 1,021 1,087 1,090 1,129 1,165 1,088
OPM % 21% 20% 24% 24% 23% 23% 25% 26% 26% 26% 27% 27% 26%
118 128 172 82 193 256 379 344 375 368 437 457 468
Interest 3 6 3 5 7 8 8 10 13 12 15 12 13
Depreciation 109 111 119 116 127 135 148 142 143 148 165 169 180
Profit before tax 476 593 806 792 880 971 1,156 1,212 1,307 1,298 1,385 1,441 1,362
Tax % 22% 23% 24% 23% 25% 24% 22% 24% 22% 23% 23% 24% 19%
373 456 610 611 657 741 906 918 1,016 996 1,070 1,101 1,100
EPS in Rs 13.65 16.68 22.31 22.33 24.02 27.09 33.11 33.58 37.12 36.38 39.10 40.20 40.15
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
6,390 6,810 8,738 6,173 7,033 8,965 9,797 9,154 8,720 10,298 14,442 16,536 17,091
5,840 6,094 7,621 4,484 4,859 6,156 6,893 6,971 6,937 8,120 10,996 12,206 12,619
Operating Profit 550 715 1,118 1,690 2,174 2,809 2,904 2,183 1,783 2,178 3,446 4,329 4,472
OPM % 9% 11% 13% 27% 31% 31% 30% 24% 20% 21% 24% 26% 26%
136 93 105 326 416 536 701 572 482 496 908 1,521 1,729
Interest 4 8 10 2 4 5 7 19 16 19 28 51 53
Depreciation 82 130 220 137 154 223 300 382 451 452 526 598 661
Profit before tax 600 671 993 1,877 2,433 3,116 3,297 2,355 1,798 2,203 3,800 5,202 5,486
Tax % 21% 22% 29% 29% 30% 30% 33% 22% 25% 24% 23% 23%
475 525 702 1,338 1,667 1,960 2,203 1,827 1,347 1,677 2,914 4,001 4,268
EPS in Rs 12.01 14.57 22.71 49.27 61.27 71.89 80.75 66.91 49.28 61.32 106.55 146.13 155.83
Dividend Payout % 17% 21% 22% 20% 16% 15% 15% 19% 34% 34% 35% 35%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 24%
TTM: 9%
Compounded Profit Growth
10 Years: 27%
5 Years: 13%
3 Years: 44%
TTM: 19%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 25%
1 Year: 16%
Return on Equity
10 Years: 23%
5 Years: 19%
3 Years: 20%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,728 2,028 2,489 3,626 5,318 7,003 8,891 9,954 11,411 12,581 14,963 18,018 18,952
23 84 58 23 112 151 187 249 219 108 288 419 404
2,694 3,197 3,829 1,263 1,552 2,341 2,281 2,220 2,901 3,424 3,919 4,650 4,997
Total Liabilities 4,471 5,337 6,403 4,939 7,009 9,522 11,387 12,450 14,559 16,140 19,198 23,115 24,380
992 1,656 2,309 790 873 1,502 1,875 2,378 2,433 2,424 2,690 2,914 3,490
CWIP 504 464 419 94 374 333 450 312 314 505 472 555 230
Investments 638 825 1,078 3,388 4,987 5,581 4,923 5,749 3,902 7,721 12,321 13,527 14,693
2,337 2,391 2,597 667 775 2,106 4,140 4,011 7,909 5,490 3,715 6,119 5,968
Total Assets 4,471 5,337 6,403 4,939 7,009 9,522 11,387 12,450 14,559 16,140 19,198 23,115 24,380

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
496 716 1,047 1,463 1,708 2,482 1,575 1,694 1,691 1,527 2,823 3,724
-773 -790 -1,214 -1,001 -1,744 -2,145 -660 -1,508 -1,625 -983 -2,397 -2,834
-111 -47 -162 -466 25 -262 -292 -858 -15 -593 -417 -844
Net Cash Flow -388 -121 -329 -4 -10 75 623 -673 51 -50 8 45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 25 27 23 2 3 3 3 3 7 11 9 8
Inventory Days 39 41 41 33 33 31 46 42 62 69 57 57
Days Payable 76 94 96 77 75 92 89 74 108 110 80 85
Cash Conversion Cycle -12 -25 -31 -42 -40 -58 -40 -28 -39 -29 -14 -19
Working Capital Days -20 -27 -33 -45 -49 -58 -35 -37 -23 -12 -10 8
ROCE % 22% 22% 28% 51% 53% 49% 41% 25% 17% 18% 27% 31%

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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