AgenciesHDFC Securities has add call on Eicher Motor with a target price of Rs 3351.The current market price of Eicher Motors is Rs 3292.35.
Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 89572.26 Crore) operating in Auto sector.
Eicher Motors 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 3913.32 Crore, up 6.69 % from last quarter Total Income of Rs 3668.02 Crore and up 31.64 % from last year same quarter Total Income of Rs 2972.79 Crore. Company has reported net profit after tax of Rs 676.95 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 Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 27 Crore shares outstanding.
For Eicher, while volumes are at similar levels to Q3, its mix is likely to be better driven by lower Hunter sales and improved exports mix. As a result, the brokerage expects RE to post about 50bps margin improvement QoQ. Its consolidated performance is also expected to be boosted by improved performance at VECV – volumes up 46% QoQ.
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 31-Dec-2022, while FIIs owned 29.85 per cent, DIIs 9.79 per cent.
Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 89572.26 Crore) operating in Auto sector.
Eicher Motors 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 3913.32 Crore, up 6.69 % from last quarter Total Income of Rs 3668.02 Crore and up 31.64 % from last year same quarter Total Income of Rs 2972.79 Crore. Company has reported net profit after tax of Rs 676.95 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 Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 27 Crore shares outstanding.
Investment Rationale
For Eicher, while volumes are at similar levels to Q3, its mix is likely to be better driven by lower Hunter sales and improved exports mix. As a result, the brokerage expects RE to post about 50bps margin improvement QoQ. Its consolidated performance is also expected to be boosted by improved performance at VECV – volumes up 46% QoQ.
Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 31-Dec-2022, while FIIs owned 29.85 per cent, DIIs 9.79 per cent.
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