Stock Name : Eicher Motors Limited/Tips Open Buy : 2,767 Posted Date : Feb 16, 2021
Stopless/Horizon : 2628 Target : 3182

Overview: Eicher Motors is a commercial vehicle, motorcycles, and engineering components manufacturer in India.EML is a Large Cap company with a market capitalization of Rs 46706.56 Crore.

About the company: In 1959 the Eicher Tractor Corporation of India Private Ltd was established, jointly with the Eicher tractor company, a German tractor manufacturer. Later in 1982, Eicher Motors Limited(EML) was incorporated.
EML manufactures the iconic Royal Enfield brand of motorcycles, which leads the premium motorcycle segment in India. Royal Enfield is the oldest motorcycle brand in continuous production world-wide.

Royal Enfield’s product line-up includes the Bullet, Classic, and Thunderbird models in both 350 and 500cc displacements and the Continental GT 535cc model.

Royal Enfield operates in India and over 50 countries around the world with modern development facilities in Leicestershire (UK) and Chennai (India).

EML’s 50-50 joint venture with the Volvo group, VE Commercial Vehicles Limited (VECV), designs, manufactures and markets reliable, fuel-efficient trucks and buses.

VECV has a wide product range from 5t to 40t GVW trucks and 15 to 65-seater buses. The buses are sold under the Skyline and Starline brands.

Management: Mr. Siddhartha Lal is the Managing Director and Mr. S. Sandilya is the Chairman of Eicher Group.
Shareholding Pattern:
• Promoter: 49.2%
• MF: 6.2%
• FII: 28.9%
• Other Institutions: 3.3%
• Public: 12.4%

Dividend: Eicher Motors has declared an equity dividend of 1250.00% amounting to Rs 125 per share for the year ending March 2020.

Sales Report: In their financial results for the quarter ended September 30, 2020, Eicher Motors Limited’s total revenue from operations was recorded at Rs. 2,134 crores, which is down by 3% as compared to Rs. 2,192 crores in the corresponding quarter of the previous year. Profit after Tax of Rs. 343 crores against a profit of Rs. 573 crores during the same period last year.

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