AgenciesICICI Direct has buy call on with a target price of Rs 4170. The current market price of Eicher Motors is Rs 3506.15. Time period given by analyst is one year when it's price can reach defined target.
Eicher Motors, incorporated in the year 1982, is a large cap company (having a market cap of Rs 95918.84 crore) operating in auto sector.
It's key products/revenue segments include automobile - two wheelers, spare parts and components, allied products, other operating revenue, other services, scrap for the year ended March 31, 2022.
Financials
For the quarter ended June 30, 2022, the company reported a consolidated total Income of Rs 3446.12 crore, up 4.07 per cent from last quarter total income of Rs 3311.34 crore and up 64.39 per cent from last year same quarter total income of Rs 2096.32 crore. Company has reported net profit after tax of Rs 576.88 crore in latest quarter.
The company’s top management includes Mr.Srinivasan Sandilya, Mr.Siddhartha Vikram Lal, Ms.Manvi Sinha, Mr.Inder Mohan Singh, Mr.Govindarajan Balakrishnan. Company has S R & Co. LLP as its auditors. As on June 30, 2022, the company has a total of 27 crore shares outstanding.
Investment Rationale
EML’s stock price has grown at ~2 per cent CAGR in last five years from Rs 3,200 in September 2017, underperforming broader Nifty Auto index.
The brokerage maintains BUY amid healthy volume growth prospects over FY22-24E
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of June 30, 2022, while FIIs owned 29.5 per cent, DIIs 10.14 per cent.
Eicher Motors, incorporated in the year 1982, is a large cap company (having a market cap of Rs 95918.84 crore) operating in auto sector.
It's key products/revenue segments include automobile - two wheelers, spare parts and components, allied products, other operating revenue, other services, scrap for the year ended March 31, 2022.
Financials
For the quarter ended June 30, 2022, the company reported a consolidated total Income of Rs 3446.12 crore, up 4.07 per cent from last quarter total income of Rs 3311.34 crore and up 64.39 per cent from last year same quarter total income of Rs 2096.32 crore. Company has reported net profit after tax of Rs 576.88 crore in latest quarter.
The company’s top management includes Mr.Srinivasan Sandilya, Mr.Siddhartha Vikram Lal, Ms.Manvi Sinha, Mr.Inder Mohan Singh, Mr.Govindarajan Balakrishnan. Company has S R & Co. LLP as its auditors. As on June 30, 2022, the company has a total of 27 crore shares outstanding.
Investment Rationale
EML’s stock price has grown at ~2 per cent CAGR in last five years from Rs 3,200 in September 2017, underperforming broader Nifty Auto index.
The brokerage maintains BUY amid healthy volume growth prospects over FY22-24E
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of June 30, 2022, while FIIs owned 29.5 per cent, DIIs 10.14 per cent.
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