Buy Eicher Motors, target price Rs 3250: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Eicher Motors with a target price of Rs 3250. The current market price of Eicher Motors is Rs 3129.7. Prabhudas Lilladher recommended to keep stop loss at Rs 3050.

Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 85128.24 Crore) operating in Auto sector.

Eicher Motors key Products/Revenue Segments include Automobile - 2 Wheelers, Spare Parts & Components, Allied Products, Other Operating Revenue, Other Services, Scrap for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3913.32 Crore, up 6.69 % from last quarter Total Income of Rs 3668.02 Crore and up 31.64 % from last year same quarter Total Income of Rs 2972.79 Crore. Company has reported net profit after tax of Rs 676.95 Crore in latest quarter.

The company’s top management includes Mr.Srinivasan Sandilya, Mr.Siddhartha Vikram Lal, Ms.Manvi Sinha, Mr.Inder Mohan Singh, Mr.Govindarajan Balakrishnan. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 27 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 49.21 per cent stake in the company as of 31-Dec-2022, while FIIs owned 29.85 per cent, DIIs 9.79 per cent.