Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 79280.00 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2809.44 Crore, up 31.68 % from last quarter Sales of Rs 2133.60 Crore and up 19.53 % from last year same quarter Sales of Rs 2350.45 Crore Company reported net profit after tax of Rs 501.21 Crore in latest quarter.
Investment Rationale
The brokerage believes the recently launched Meteor and upcoming products would help expand addressable markets and drive the next phase of growth for RE. The stock trades at 29.7x/23.7x FY22E/FY23E consol. EPS.
Promoter/FII Holdings
Promoters held 49.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 28.9 per cent, DIIs 9.5 per cent and public and others 12.4 per cent.
