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    • Eicher Motors Share Price

    Large Cap
    ₹4,899.8
    + 67.95 (1.41%)
    • Advice
    • Hold
    06 November, 2024 02:33 BSE: 505200 NSE: EICHERMOT ISIN: INE066A01021
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    Eicher Motors Performance

    Day Range

    • Low 4,808
    • High 4,910
    ₹ 4,899

    52 Week Range

    • Low 3,437
    • High 5,105
    ₹ 4,899
    • Open Price4,832
    • Previous Close4,832
    • Volume499976

    Eicher Motors Chart

    • Over 1 Month + 4.1%
    • Over 3 Month + 3.66%
    • Over 6 Month + 6.53%
    • Over 1 Year + 42.93%

    Eicher Motors Key Statistics

    P/E Ratio 32.1
    PEG Ratio 1.1
    Market Cap Cr 134,282
    Price to Book Ratio 7.4
    EPS 136.8
    Dividend 1
    Relative Strength Index 55.51
    Money Flow Index 52.13
    MACD Signal -4.75
    Average True Range 127.43

    Eicher Motors F&O

    Eicher Motors Futures Eicher Motors Option Chain

    Eicher Motors Investment Rating

    • Master Rating:

    • Eicher Motors Ltd. is a leading Indian automotive company known for its iconic Royal Enfield motorcycles and a prominent presence in the commercial vehicle segment through its joint venture with Volvo, producing trucks and buses.

      Eicher Motors has an operating revenue of Rs. 16,942.46 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 29% is great, ROE of 22% is exceptional. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 5% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 80 which is a GOOD score indicating consistency in earnings, a RS Rating of 55 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 157 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative 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.

      Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Eicher Motors Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 4,1614,1214,0543,9313,8443,770
    Operating Expenses Qtr Cr 3,0533,0372,9392,8332,8892,887
    Operating Profit Qtr Cr 1,1791,1551,1151,0971,013945
    Depreciation Qtr Cr 158155138131135142
    Interest Qtr Cr 565533
    Tax Qtr Cr 345319307299295255
    Net Profit Qtr Cr 1,088983914939914747
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 17,24614,706
    Operating Expenses Annual Cr 11,69810,673
    Operating Profit Annual in Cr 4,3803,394
    Depreciation Cr 559512
    Interest Annual Cr 1913
    Tax Annual Cr 1,221886
    Net Profit Annual Cr 3,7492,623
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 3,8452,807
    Cash from Investing Activity Annual Cr -3,014-2,395
    Cash from Financing Annual Activity Cr -796-441
    Net Cash Flow Annual Cr 35-29
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 15,69412,887
    Fixed Assets Annual Cr 3,3273,069
    Total Non Current Assets Annual Cr 16,59813,376
    Total Current Assets Annual Cr 3,8753,500
    Total Assets Annual Cr 20,47316,876
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 573471
    ROE Annual % 2420
    ROCE Annual % 2925
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3529
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 4,3134,1734,1794,1153,9123,731
    Operating Expenses Qtr Cr 3,2283,1273,0893,0272,9662,871
    Operating Profit Qtr Cr 1,1651,1291,0901,0871,021934
    Depreciation Qtr Cr 169165148143142148
    Interest Qtr Cr 12151213108
    Tax Qtr Cr 340315302291293251
    Net Profit Qtr Cr 1,1011,0709961,016918906
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 17,61215,037
    Operating Expenses Annual Cr 12,20910,999
    Operating Profit Annual in Cr 4,3273,444
    Depreciation Cr 598526
    Interest Annual Cr 5128
    Tax Annual Cr 1,201886
    Net Profit Annual Cr 4,0012,914
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 3,7242,847
    Cash from Investing Activity Annual Cr -2,852-2,422
    Cash from Financing Annual Activity Cr -844-417
    Net Cash Flow Annual Cr 278
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 18,04614,990
    Fixed Assets Annual Cr 3,4693,162
    Total Non Current Assets Annual Cr 18,97715,514
    Total Current Assets Annual Cr 4,1513,683
    Total Assets Annual Cr 23,12819,198
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 659548
    ROE Annual % 2219
    ROCE Annual % 2522
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3328
    Invest in Eicher Motors

    Eicher Motors Technicals

    EMA & SMA

    Current Price
    ₹4,899.8
    + 67.95 (1.41%)
    pointer
    • Bullish Moving Average
    • ___
    • 16
    • Bearish Moving Average
    • ___
    • 0
    • 20 Day
    • ₹4,806.91
    • 50 Day
    • ₹4,804.01
    • 100 Day
    • ₹4,746.40
    • 200 Day
    • ₹4,527.29
    • 20 Day
    • ₹4,763.99
    • 50 Day
    • ₹4,821.32
    • 100 Day
    • ₹4,821.97
    • 200 Day
    • ₹4,502.41

    Eicher Motors Resistance and Support

    PIVOT
    ₹4,872.61
    Resistance
    First Resistance 4,937.20
    Second Resistance 4,974.60
    Third Resistance 5,039.20
    RSI 55.51
    MFI 52.13
    MACD Single Line -4.75
    MACD 20.24
    Support
    First Support 4,835.20
    Second Support 4,770.60
    Third Supoort 4,733.20

    Eicher Motors Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 511,852 27,179,341 53.1
    Week 540,938 31,753,084 58.7
    1 Month 601,913 34,772,504 57.77
    6 Month 630,187 34,811,523 55.24

    Eicher Motors Result Highlights

    Eicher Motors Synopsis

    NSE-Auto Manufacturers

    Eicher Motors Ltd. is a renowned Indian automotive manufacturer with a strong legacy, best known for its iconic Royal Enfield motorcycles, which have a global following for their classic design and robust performance. The company also has a significant presence in the commercial vehicle sector through its joint venture with Volvo Group, VECV (Volvo Eicher Commercial Vehicles), producing a wide range of trucks and buses. With a focus on innovation, quality, and customer satisfaction, Eicher Motors continues to expand its product offerings and market reach, both in India and internationally, maintaining a strong reputation in the automotive industry.
    Market Cap 134,282
    Sales 16,408
    Shares in Float 13.98
    No of funds 984
    Yield 1.06
    Book Value 8.57
    U/D Vol ratio 1
    LTDebt / Equity 1
    Alpha 0.07
    Beta 0.81

    Eicher Motors Shareholding Pattern

    Owner NameSep-24Jun-24Mar-24Dec-23
    Promoters 49.1%49.11%49.15%49.15%
    Mutual Funds 9.52%7.55%6.55%5.61%
    Insurance Companies 3.14%2.91%2.74%2.26%
    Foreign Portfolio Investors 27.61%28.81%28.95%30.27%
    Financial Institutions/ Banks 0.14%0.16%0.1%0.08%
    Individual Investors 7.53%8.01%8.51%8.49%
    Others 2.96%3.45%4%4.14%

    Eicher Motors Management

    Name Designation
    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
    Mr. S Madhavan Ind. Non-Executive Director
    Mr. Tejpreet S Chopra Ind. Non-Executive 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
    2024-08-08 Quarterly Results
    2024-05-10 Audited Results & Final Dividend
    2024-02-13 Quarterly Results
    2023-11-10 Quarterly Results
    2023-08-03 Quarterly Results
    Date Purpose Remarks
    2024-08-07 FINAL Rs.51.00 per share(5100%)Final Dividend
    Date Purpose Remarks
    2020-08-25 Split Rs.0.00 split from Rs. 10/- to Re. 1/-.

    About Eicher Motors

    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. 

     

    Eicher Motors FAQs

    What is Share Price of Eicher Motors ?

    Eicher Motors share price is ₹4,899 As on 06 November, 2024 | 02:19

    What is the Market Cap of Eicher Motors ?

    The Market Cap of Eicher Motors is ₹134281.9 Cr As on 06 November, 2024 | 02:19

    What is the P/E ratio of Eicher Motors ?

    The P/E ratio of Eicher Motors is 32.1 As on 06 November, 2024 | 02:19

    What is the PB ratio of Eicher Motors ?

    The PB ratio of Eicher Motors is 7.4 As on 06 November, 2024 | 02:19

    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 opening a demat account with 5paisa. Alternatively, you can also use our mobile app. 

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