AgenciesPrabhudas Lilladher has buy call on Eicher Motors with a target price of Rs 4200. The current market price of is Rs 3573.85. Time period given by analyst is one year when . price can reach defined target.
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 98580.67 Crore) operating in Auto sector.
Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers, Spare Parts & Components, Allied Products, Other Operating Revenue, Other Services, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 3446.12 Crore, up 4.07 % from last quarter Total Income of Rs 3311.34 Crore and up 64.39 % 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 30-06-2022, the company has a total of 27 Crore shares outstanding.
Investment Rationale
Eicher Motors remains preferred pick in the 2W space as the brokerage anticipates 1) volume growth from new product launches, 2) rising export volumes from channel expansion (~21% export volume CAGR over FY22-25E) and 3) margin expansion (600bps over FY22-25E) led by improved operating leverage, better realization from export markets and significant reduction in raw material costs.
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.5 per cent, DIIs 10.14 per cent.
Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 98580.67 Crore) operating in Auto sector.
Eicher Motors Ltd. key Products/Revenue Segments include Automobile - 2 Wheelers, Spare Parts & Components, Allied Products, Other Operating Revenue, Other Services, Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 3446.12 Crore, up 4.07 % from last quarter Total Income of Rs 3311.34 Crore and up 64.39 % 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 30-06-2022, the company has a total of 27 Crore shares outstanding.
Investment Rationale
Eicher Motors remains preferred pick in the 2W space as the brokerage anticipates 1) volume growth from new product launches, 2) rising export volumes from channel expansion (~21% export volume CAGR over FY22-25E) and 3) margin expansion (600bps over FY22-25E) led by improved operating leverage, better realization from export markets and significant reduction in raw material costs.
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.5 per cent, DIIs 10.14 per cent.
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