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45% Buy

Eicher Motors Share Price

EICHERMOT

₹4,833.70-₹17.00 (-0.35%) TodayLast updated on 22 Jul, 2024 | 11:16 IST
₹4,759.60₹4,843.25
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,35,391 Crs

Open

₹4,767.00

Close

₹4,850.70

Circuit range

₹5,335.75 - ₹4,365.65

Day range

₹4,759.60 - ₹4,843.25

Year range

₹3,274.90 - ₹4,976.00

Volume

1,66,502

Avg. traded

₹4,800.59

Revenue (12m)

₹16,536 Crs

Eicher Motors

Eicher Motors Limited (EML) is a leading automobile company that manufactures commercial vehicles, farm equipment and India’s iconic motorcycle brand Royal Enfield. The company is a global leader in middleweight motorcycles. It is listed on BSE and the National Stock Exchange and is part of the key NSE index Nifty50.

Eicher Motors Ltd started its journey as Goodearth Company for selling and servicing imported tractors in 1948. Following the incorporation of Eicher Tractor Corporation of India Ltd in 1957, the Eicher group launched India’s first locally made tractor from its Faridabad plant in 1959.

In 1982, the group entered into a partnership with Japan’s Mitsubishi Corp for manufacturing light commercial vehicles. Eicher Tractor went pubElic in 1987. Eicher Goodearth acquired a 26% equity stake in Enfield India Ltd in 1990 and later in 1993 increased to a majority 60% shareholding in Enfield India Ltd. The group changed the name of Enfield India Ltd to Royal Enfield Motors Ltd in 1994.

Eicher Motors disinvested its tractors and engines business to TAFE Motors & Tractors Ltd (TMTL) in 2005. In 2008, it formed a joint venture with Sweden’s AB Volvo, Volvo Eicher Commercial Vehicles Limited (VECV), for producing commercial heavy vehicles.

Eicher Motors sold 8,34,895 units of Royal Enfield motorcycles in India and abroad in 2022-23 against 6,02,268 units in the previous year.

Business operations

Eicher Motors operates in two verticals – motorcycles and commercial vehicles

Royal Enfield

Royal Enfield, the crown jewel of Eicher Motors, is a leading global brand in middleweight motorcycles. It is one of the oldest motorcycle brands in the world which is still in production since 1902. The company produces a range of motorcycles under the Royal Enfield brand. The line-up includes Interceptor 650 and the Continental GT 650 in the 648cc

segment. It also manufactures Bullet, Classic, Hunter and Meteor in 350cc segment and Thunderbird model in the 500cc segment.

Royal Enfield has a presence in more than 60 countries across US, Latin America, Europe, the UK, the Middle East and South-East Asia regions.

It has development facilities in the UK (Leicestershire), and India (Chennai), and manufacturing plants in Tamil Nadu.

Royal Enfield has 18 company-operated stores and more than 850 dealers in main cities and towns in India.

VE Commercial Vehicles Limited

Eicher Motors produces commercial vehicles in a joint venture with Sweden’s AB Volvo. Volvo Eicher Commercial Vehicles Limited (VECV) owns a range of trucks and buses from 4.9-55 tonnes. VECV houses trucks and buses under the Eicher brand, Volvo trucks in India, engine manufacturing and exports for Volvo Group, and Eicher component business.

The company’s manufacturing plant in Pithampur, Madhya Pradesh, also produces medium-duty 5 and 8-liter engines for Volvo Group.

Eicher Motors market capitalisation was ₹1.12 lakh crore as of December 28, 2023. Eicher Motors share price has surged nearly 67% in the last three years.

Financial Highlights

  • Total revenue from operations in FY23 stood at ₹14,442 crore, up by 40.2% against ₹10,298 crore FY22.
  • EBITDA in FY23 at ₹3,444 crore, up by 58.5% against ₹2,172 crore in FY22.
  • Eicher Motors’ profit after tax stood at ₹2,914 crore, up by 73.8% against ₹1,677 crore in FY22.
  • The earnings per share for FY 2023 stood at ₹95.91, compared to ₹58.02 in the previous fiscal year.

Eicher Motors Key indicators

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52 week high

₹4,976.00

52 week low

₹3,274.90

P/E ratio

33.87

P/B ratio

7.5

ROE

22.24%

ROCE

29.61%

Dividend yield

1.05%

Debt/Equity ratio

0.01

EPS

95.89

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Investment checklist: (5/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

45%

Hold

40%

Sell

15%

This analysis is based on the reviews of 33 experts in the last 7 days

Brands by Eicher Motors

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brand logo

Classic 500

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Continental

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Interceptor

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Meteor 350

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Royal Enfield Himalayan

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Royal Enfield

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

28.49%

Net profit margin

18.53%

ROE

22.24%

ROA

16.87%

ROCE

29.61%

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Eicher Motors Shareholder returns

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1 day

-1.83%

1 week

+0.46%

1 month

-0.62%

3 months

+11.66%

1 year

+45.66%

3 years

+88.03%

5 years

+174.61%

Eicher Motors Share Price history

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DayOpenCloseDay’s change
Fri, Jul 19 2024
₹4,905.00
₹4,850.70
-1.83%
Thu, Jul 18 2024
₹4,818.00
₹4,941.10
+0.51%
Tue, Jul 16 2024
₹4,881.40
₹4,916.10
+0.71%
Mon, Jul 15 2024
₹4,851.05
₹4,881.35
+0.42%
Fri, Jul 12 2024
₹4,828.55
₹4,860.70
+0.66%
Thu, Jul 11 2024
₹4,878.95
₹4,828.65
-0.42%
Wed, Jul 10 2024
₹4,842.00
₹4,849.15
+0.42%
Tue, Jul 9 2024
₹4,757.60
₹4,828.70
+1.56%

Shareholding info

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Promoters (49.11%)

Mutual Funds (7.55%)

Retail and other (10.13%)

Foreign institutions-FII (28.81%)

Other domestic institutions (4.4%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹37/share

    Ex date 14 Aug 2023

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  • Dividend • ₹21/share

    Ex date 12 Aug 2022

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  • Dividend • ₹51/share

    Ex date

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Frequently asked questions