Eicher Motors Ltd., included within the yr 1982, is a Massive Cap firm (having a market cap of Rs 89863.76 Crore) working in Auto sector.
Eicher Motors Ltd. key Merchandise/Income Segments embody Car – 2 Wheelers, Spare Components & Elements, Allied Merchandise, Different Working Income, Different Companies, Scrap for the yr ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the corporate reported a Consolidated Complete Earnings of Rs 3446.12 Crore, up 4.07 % from final quarter Complete Earnings of Rs 3311.34 Crore and up 64.39 % from final yr identical quarter Complete Earnings of Rs 2096.32 Crore. Firm reported web revenue after tax of Rs 576.88 Crore in newest quarter.
Funding Rationale
The brokerage maintains BUY on EIM with DCF-based goal worth of Rs 3,695 (earlier: Rs3,640), implying 25x FY24E core earnings, with unchanged earnings estimates.
Promoter/FII Holdings
Promoters held 49.21 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 29.5 per cent, DIIs 10.14 per cent.
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