Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 71178.04 Crore) operating in Auto sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2953.30 Crore, up 32.22 % from last quarter Total Income of Rs 2233.58 Crore and up 17.86 % from last year same quarter Total Income of Rs 2505.71 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 28.9x/21.6x FY22E/FY23E consol. EPS.
Promoter/FII Holdings
Promoters held 49.2 per cent stake in the company , FIIs held 9.2 per cent, DIIs 9.2 per cent and public and others 12.5 per cent.
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