Accumulate Eicher Motors, target price Rs 2287: Prabhudas Lilladher

Accumulate Eicher Motors, target price Rs 2287: Prabhudas Lilladher
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Synopsis

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 6075.47 Crore) operating in Auto sector.

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Promoters held 49.3 per cent stake in the company as of June 30, 2020, while FIIs held 27 per cent, DIIs 12.1 per cent and public and others 11.7 per cent

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Prabhudas Lilladher has given a accumulate rating to Eicher Motors with a target price of Rs 2287. The share price moved down by 0.08 per cent from its previous close of Rs 2200.85. The stock’s last traded price is Rs 2199.

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 6075.47 Crore) operating in Auto sector.

Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers which contributed Rs 7947.59 Crore to Sales Value (87.55 % of Total Sales), Spare Parts & Components which contributed Rs 628.97 Crore to Sales Value (6.92 % of Total Sales), Traded Goods which contributed Rs 432.13 Crore to Sales Value (4.76 % of Total Sales), Export Incentives which contributed Rs 37.32 Crore to Sales Value (0.41 % of Total Sales), Scrap which contributed Rs 17.38 Crore to Sales Value (0.19 % of Total Sales) and Other Operating Revenue which contributed Rs 14.08 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 809.16 Crore, down 63.06 % from last quarter Sales of Rs 2190.32 Crore and down 65.73 % from last year same quarter Sales of Rs 2361.24 Crore. The Company reported net profit after tax of Rs 10.22 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.3 per cent stake in the company as of June 30, 2020, while FIIs held 27 per cent, DIIs 12.1 per cent and public and others 11.7 per cent

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