EICHER MOTORS LIMITED Financials Eicher Motors Limited NSE India S.E.
Equities
EICHERMOT
INE066A01021
Auto & Truck Manufacturers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,916 INR | +0.71% |
|
+1.81% | +18.65% |
| Jul. 05 | Indian retail car sales fall in June amid heatwaves, says dealers' body | RE |
| Jul. 02 | Eicher Motors' Commercial Vehicle Arm Logs 10.6% Increase in June Sales | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 560,332 | 357,328 | 711,698 | 672,744 | 806,812 | 1,347,615 | - | - |
| Enterprise Value (EV) 1 | 527,150 | 304,278 | 642,677 | 642,349 | 700,202 | 993,775 | 1,241,920 | 1,211,523 |
| P/E ratio | 25.5 x | 19.6 x | 52.9 x | 40.2 x | 27.7 x | 27.5 x | 29.7 x | 26.6 x |
| Yield | 0.61% | 0.96% | 0.65% | 0.85% | 1.25% | 1.27% | 1.11% | 1.23% |
| Capitalization / Revenue | 5.72 x | 3.9 x | 8.16 x | 6.53 x | 5.59 x | 6.66 x | 7.26 x | 6.47 x |
| EV / Revenue | 5.38 x | 3.32 x | 7.37 x | 6.24 x | 4.85 x | 6.01 x | 6.69 x | 5.82 x |
| EV / EBITDA | 18.2 x | 14 x | 37.3 x | 29.6 x | 20.3 x | 23 x | 25 x | 21.4 x |
| EV / FCF | 67.2 x | 26.5 x | 55.5 x | 72.5 x | 32.3 x | 34.2 x | 34.4 x | 29.9 x |
| FCF Yield | 1.49% | 3.77% | 1.8% | 1.38% | 3.09% | 2.92% | 2.91% | 3.34% |
| Price to Book | 6.28 x | 2.87 x | 6.21 x | 5.34 x | 5.39 x | 6.1 x | 6.51 x | 5.57 x |
| Nbr of stocks (in thousands) | 272,826 | 273,037 | 273,336 | 273,423 | 273,482 | 274,006 | - | - |
| Reference price 2 | 2,054 | 1,309 | 2,604 | 2,460 | 2,950 | 4,918 | 4,918 | 4,918 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | 5/10/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 97,971 | 91,536 | 87,204 | 102,978 | 144,422 | 165,358 | 185,528 | 208,169 |
| EBITDA 1 | 29,031 | 21,804 | 17,225 | 21,722 | 34,436 | 43,269 | 49,764 | 56,668 |
| EBIT 1 | 26,028 | 17,188 | 12,717 | 17,203 | 29,174 | 37,293 | 43,536 | 49,631 |
| Operating Margin | 26.57% | 18.78% | 14.58% | 16.71% | 20.2% | 22.55% | 23.47% | 23.84% |
| Earnings before Tax (EBT) 1 | 32,973 | 23,232 | 17,673 | 21,424 | 34,845 | 47,543 | 54,521 | 60,528 |
| Net income 1 | 22,027 | 18,274 | 13,469 | 16,766 | 29,139 | 40,010 | 45,393 | 51,093 |
| Net margin | 22.48% | 19.96% | 15.45% | 16.28% | 20.18% | 24.2% | 24.47% | 24.54% |
| EPS 2 | 80.69 | 66.92 | 49.24 | 61.26 | 106.4 | 145.9 | 165.4 | 185.0 |
| Free Cash Flow 1 | 7,840 | 11,482 | 11,588 | 8,862 | 21,650 | 29,052 | 36,137 | 40,514 |
| FCF margin | 8% | 12.54% | 13.29% | 8.61% | 14.99% | 17.57% | 19.48% | 19.46% |
| FCF Conversion (EBITDA) | 27% | 52.66% | 67.27% | 40.8% | 62.87% | 67.14% | 72.62% | 71.49% |
| FCF Conversion (Net income) | 35.59% | 62.83% | 86.03% | 52.86% | 74.3% | 72.61% | 79.61% | 79.29% |
| Dividend per Share 2 | 12.50 | 12.50 | 17.00 | 21.00 | 37.00 | 51.00 | 54.66 | 60.50 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | 5/10/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,283 | 29,403 | 19,743 | 22,496 | 28,806 | 31,933 | 33,975 | 35,194 | 37,210 | 38,043 | 39,864 | 40,636 | 40,500 | 42,362 | 42,668 |
| EBITDA 1 | 6,720 | 6,250 | 3,630 | 4,699 | 5,824 | 7,570 | 8,311 | 8,216 | 8,572 | 9,336 | 10,208 | 10,505 | 10,473 | 11,293 | 11,290 |
| EBIT 1 | 5,491 | 5,002 | 2,513 | 3,604 | 4,709 | 6,376 | 7,149 | 6,945 | 7,224 | 7,856 | 8,786 | 8,976 | 9,371 | 9,948 | 9,569 |
| Operating Margin | 19.42% | 17.01% | 12.73% | 16.02% | 16.35% | 19.97% | 21.04% | 19.73% | 19.41% | 20.65% | 22.04% | 22.09% | 23.14% | 23.48% | 22.43% |
| Earnings before Tax (EBT) 1 | 6,706 | 6,196 | 3,669 | 4,659 | 5,570 | 7,525 | 7,583 | 8,360 | 9,071 | 9,830 | 11,114 | 12,020 | 11,105 | 12,205 | 12,398 |
| Net income 1 | 5,326 | 5,261 | 2,371 | 3,732 | 4,561 | 6,101 | 6,107 | 6,569 | 7,408 | 9,056 | 9,183 | 9,503 | 9,629 | 10,635 | 10,204 |
| Net margin | 18.83% | 17.89% | 12.01% | 16.59% | 15.83% | 19.11% | 17.97% | 18.66% | 19.91% | 23.8% | 23.04% | 23.38% | 23.78% | 25.1% | 23.92% |
| EPS 2 | 19.46 | 19.21 | 8.660 | 13.63 | 16.66 | 22.29 | 22.30 | 23.98 | 27.04 | 33.06 | 33.50 | 35.68 | 36.20 | 40.51 | 36.96 |
| Dividend per Share 2 | - | 17.00 | - | - | - | 21.00 | - | - | - | 37.00 | - | - | - | 46.10 | - |
| Announcement Date | 2/10/21 | 5/27/21 | 8/12/21 | 11/3/21 | 2/14/22 | 5/13/22 | 8/10/22 | 11/10/22 | 2/14/23 | 5/11/23 | 8/3/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 33,182 | 53,051 | 69,021 | 30,395 | 106,610 | 106,754 | 105,694 | 136,092 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 7,840 | 11,482 | 11,588 | 8,862 | 21,650 | 29,052 | 36,137 | 40,514 |
| ROE (net income / shareholders' equity) | 27.6% | 23.7% | 12.6% | 13.9% | 21.1% | 24.2% | 23.3% | 22.5% |
| ROA (Net income/ Total Assets) | 21.1% | 15.3% | 9.97% | 10.9% | 16.5% | 18.9% | 16.4% | 16.6% |
| Assets 1 | 104,545 | 119,183 | 135,042 | 153,798 | 176,687 | 211,582 | 276,076 | 308,563 |
| Book Value Per Share 2 | 327.0 | 456.0 | 419.0 | 461.0 | 547.0 | 659.0 | 756.0 | 883.0 |
| Cash Flow per Share 2 | 57.60 | 62.10 | 62.60 | 55.80 | 104.0 | 136.0 | 177.0 | 182.0 |
| Capex 1 | 7,890 | 5,459 | 5,548 | 6,408 | 6,825 | 8,185 | 8,012 | 8,495 |
| Capex / Sales | 8.05% | 5.96% | 6.36% | 6.22% | 4.73% | 4.95% | 4.32% | 4.08% |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | 5/10/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
39
Last Close Price
4,918
INR
Average target price
4,566
INR
Spread / Average Target
-7.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +42.97% | 32.32B | |
| +21.38% | 14.13B | |
| +34.67% | 13.41B | |
| +23.86% | 9.66B | |
| -1.38% | 4.73B | |
| -25.36% | 4.01B | |
| +15.55% | 1.97B | |
| +23.64% | 1.85B | |
| +24.30% | 1.13B |
- Stock Market
- Equities
- EICHERMOT Stock
- EICHERMOT Stock
- Financials Eicher Motors Limited
