Stock market news: Eicher Motors shares slip 2%

NEW DELHI: Shares of Eicher Motors Ltd. traded 1.87 per cent down in Monday's trade at 12:25PM (IST). Around 25798 shares changed hands on the counter. The stock opened at Rs 2083.9 and touched an intraday high and low of Rs 2093.55 and Rs 2028.2, respectively, in the session so far.

The stock quoted a 52-week high of Rs 23450 and a 52-week low of Rs 2025.

Eicher motors' niche bike maker Royal Enfield reported a 7 per cent decline in its total sales at 66,891 units in October

Financials
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 55957.33 Crore) operating in Auto sector.

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

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

Promoter holding
Promoters held 47.02 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 42.51 and price to book value of 3.58.