EICHER MOTORS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,598 INR | -0.39% |
|
+5.91% | +10.97% |
| Apr. 22 | Indian Equities Close Higher on Monday as Israel-Iran Tension Eases | MT |
| Apr. 16 | Indian Equities Drags on Tuesday, Weighed Down by Rising Tension in West Asia, Further Delay in US Rate Cut | MT |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 560,332 | 357,328 | 711,698 | 672,744 | 806,812 | 1,258,813 | - | - |
| Enterprise Value (EV) 1 | 527,150 | 304,278 | 642,677 | 642,349 | 700,202 | 1,155,290 | 1,127,389 | 1,096,757 |
| P/E ratio | 25.5 x | 19.6 x | 52.9 x | 40.2 x | 27.7 x | 31.7 x | 28.4 x | 25.7 x |
| Yield | 0.61% | 0.96% | 0.65% | 0.85% | 1.25% | 1.03% | 1.12% | 1.21% |
| Capitalization / Revenue | 5.72 x | 3.9 x | 8.16 x | 6.53 x | 5.59 x | 7.65 x | 6.86 x | 6.19 x |
| EV / Revenue | 5.38 x | 3.32 x | 7.37 x | 6.24 x | 4.85 x | 7.02 x | 6.14 x | 5.39 x |
| EV / EBITDA | 18.2 x | 14 x | 37.3 x | 29.6 x | 20.3 x | 26.7 x | 23.1 x | 20.2 x |
| EV / FCF | 67.2 x | 26.5 x | 55.5 x | 72.5 x | 32.3 x | 38 x | 30.7 x | 27 x |
| FCF Yield | 1.49% | 3.77% | 1.8% | 1.38% | 3.09% | 2.63% | 3.26% | 3.71% |
| Price to Book | 6.28 x | 2.87 x | 6.21 x | 5.34 x | 5.39 x | 7.21 x | 6.18 x | 5.34 x |
| Nbr of stocks (in thousands) | 272,826 | 273,037 | 273,336 | 273,423 | 273,482 | 273,801 | - | - |
| Reference price 2 | 2,054 | 1,309 | 2,604 | 2,460 | 2,950 | 4,598 | 4,598 | 4,598 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 97,971 | 91,536 | 87,204 | 102,978 | 144,422 | 164,601 | 183,607 | 203,350 |
| EBITDA 1 | 29,031 | 21,804 | 17,225 | 21,722 | 34,436 | 43,247 | 48,910 | 54,405 |
| EBIT 1 | 26,028 | 17,188 | 12,717 | 17,203 | 29,174 | 37,799 | 42,692 | 47,537 |
| Operating Margin | 26.57% | 18.78% | 14.58% | 16.71% | 20.2% | 22.96% | 23.25% | 23.38% |
| Earnings before Tax (EBT) 1 | 32,973 | 23,232 | 17,673 | 21,424 | 34,845 | 47,759 | 53,408 | 58,639 |
| Net income 1 | 22,027 | 18,274 | 13,469 | 16,766 | 29,139 | 39,439 | 44,354 | 49,240 |
| Net margin | 22.48% | 19.96% | 15.45% | 16.28% | 20.18% | 23.96% | 24.16% | 24.21% |
| EPS 2 | 80.69 | 66.92 | 49.24 | 61.26 | 106.4 | 145.1 | 161.9 | 178.9 |
| Free Cash Flow 1 | 7,840 | 11,482 | 11,588 | 8,862 | 21,650 | 30,426 | 36,728 | 40,667 |
| FCF margin | 8% | 12.54% | 13.29% | 8.61% | 14.99% | 18.48% | 20% | 20% |
| FCF Conversion (EBITDA) | 27% | 52.66% | 67.27% | 40.8% | 62.87% | 70.35% | 75.09% | 74.75% |
| FCF Conversion (Net income) | 35.59% | 62.83% | 86.03% | 52.86% | 74.3% | 77.15% | 82.81% | 82.59% |
| Dividend per Share 2 | 12.50 | 12.50 | 17.00 | 21.00 | 37.00 | 47.51 | 51.33 | 55.80 |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 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 | 45,601 |
| 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 | - |
| 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 | 11,563 |
| 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% | 25.36% |
| 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 | - |
| 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 | - |
| 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% | - |
| 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 | - |
| 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: Maart | 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 | 103,522 | 131,424 | 162,056 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 7,840 | 11,482 | 11,588 | 8,862 | 21,650 | 30,426 | 36,728 | 40,667 |
| ROE (net income / shareholders' equity) | 27.6% | 23.7% | 12.6% | 13.9% | 21.1% | 24.1% | 23% | 22% |
| ROA (Net income/ Total Assets) | 21.1% | 15.3% | 9.97% | 10.9% | 16.5% | 17.7% | 17.3% | 16.2% |
| Assets 1 | 104,545 | 119,183 | 135,042 | 153,798 | 176,687 | 223,077 | 256,150 | 304,593 |
| Book Value Per Share 2 | 327.0 | 456.0 | 419.0 | 461.0 | 547.0 | 637.0 | 743.0 | 861.0 |
| Cash Flow per Share 2 | 57.60 | 62.10 | 62.60 | 55.80 | 104.0 | 143.0 | 165.0 | 180.0 |
| Capex 1 | 7,890 | 5,459 | 5,548 | 6,408 | 6,825 | 8,388 | 8,058 | 8,379 |
| Capex / Sales | 8.05% | 5.96% | 6.36% | 6.22% | 4.73% | 5.1% | 4.39% | 4.12% |
| Announcement Date | 5/10/19 | 6/12/20 | 5/27/21 | 5/13/22 | 5/11/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
38
Last Close Price
4,598
INR
Average target price
4,110
INR
Spread / Average Target
-10.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.97% | 15.09B | |
| +32.03% | 30.04B | |
| -0.39% | 11.49B | |
| +8.55% | 10.77B | |
| +11.67% | 8.79B | |
| +8.16% | 5.67B | |
| -5.67% | 4.67B | |
| +17.09% | 2.03B | |
| +27.91% | 1.87B | |
| -25.15% | 1.34B |
- Stock Market
- Equities
- EICHERMOT Stock
- Financials Eicher Motors Limited
