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Eicher Motors
Last updated on Nov 03, 2022 in Stock Market
Detail about Eicher Motors
Eicher Motors Limited is the flagship company of the Eicher Group in India and a leading player of the Indian machine assiduity. The Company is the listed parent of Royal Enfield, the global leader in heavyweight motorcycles. The world’s oldest motorcycle brand in the nonstop product, Royal Enfield has made its distinctive motorcycles since 1901. riveted on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India, and over 60 countries around the world with ultramodern development installations in Leicestershire, UK, and Chennai, India. Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. Royal Enfield has evolved into an existential brand. Royal Enfield with its motorcycle that combines ultramodern- day rudiments with the brand’s heritage, garners immense enthusiasm amongst global motorcyclists. In addition to motorcycles, Eicher has a common adventure with Sweden’s AB Volvo- Volvo Eicher Commercial Vehicles Limited( VECV) has innovated the modernization of marketable vehicles in India and other developing countries.
The business area of the company
The Company is engaged in the manufacturing and selling of motorcycles, spare corridors, and related services.
Brands
These are the brands of Eicher Motors.
ROYAL ENFIELD
|
VE COMMERCIAL VEHICLES
|
Products
- Motorcycles
- Commercial Vehicles( CV)
- Engineering Components
Awards
2017- 18
- VECV was fete with ‘ Excellence in HR ’ at the Manufacturing moment Awards 2017
- VECV won ET Now HR Leadership Awards 2018 in the Stylish Talent Management Strategy
2018- 19
- VECV won the ‘ Stylish threat operation Framework and System Automotive and Auto Ancillary ’ award by ICICI Lombard and CNBC TV- 18
- Interceptor 650 won the prestigious ‘ Stylish ultramodern Classic Middle- Weight ’ a prestigious order award at the Thailand Bike of the Year 2019 awards.
2019- 20
- Team Eicher won the Gold Medal in the General Management Category at AIMA Corporate Management Olympiad.
- VECV won the Stylish existential and Brand gets the award for ‘ Samvaad ’, an action by Eicher motorcars, at BTVI National Awards for Marketing Excellence.
Peers
S.NO.
|
COMPANY
|
MCAP Cr.
|
P/B
|
P/E
|
EPSRs.
|
ROE%
|
EV/EBITDA
|
1
|
Eicher Motors
|
99,103.09
|
8.74
|
52.18
|
69.45
|
15.57
|
32.46
|
2
|
Bajaj Auto
|
98,621.73
|
3.54
|
19.22
|
180.88
|
19.35
|
14.84
|
3
|
Hero MotoCorp
|
50,680.91
|
3.09
|
18.55
|
136.73
|
15.99
|
11.84
|
4
|
TVS Motor
|
48,074.07
|
9.35
|
41.41
|
24.44
|
19.87
|
21.22
|
5
|
Atul Auto
|
404.41
|
1.53
|
0
|
-10.45
|
-3.42
|
-34.5
|
6
|
Scooters India
|
269.67
|
40.16
|
27.73
|
1.11
|
-192.57
|
18.06
|
Strengths
- The company has been maintaining a healthy ROCE of 24.06% over the past 3 years.
- The company is virtually debt free.
- The company has a healthy Interest coverage ratio of 207.06.
- The Company has been maintaining effective average operating margins of 25.33% in the last 5 years.
- The company has an efficient Cash Conversion Cycle of -56.43 days.
- The company has good cash flow management; CFO/PAT stands at 1.06.
- The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.11.
Limitations
- The company has shown a poor profit growth of -8.26% for the past 3 years.
- The company has shown poor revenue growth of 1.11% for the past 3 years.
- The company is trading at a high PE of 52.18.
- The company is trading at a high EV/EBITDA of 32.37.