NSE: EICHERMOT | BSE: 505200

Expensive Performer

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5465.00 27.50 (0.51%)

28.47% Gain from 52W Low

90,365 NSE+BSE Volume

NSE 05 May, 2025 10:47 AM (IST)

149,828

Market Cap

Market Runner Up

1.0

Beta 1Year

Average volatility

Eicher Motors Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for EICHERMOT, BSE:505200 Eicher Motors Ltd.

Eicher Motors Ltd.

11 Feb 2021

5465.00

0.51%

Eicher Motors: Q3FY21 Result Review

Sell: Eicher Motors Ltd.

Recommendation Target

IDBI Capital

Royal Enfield's (RE) Q3FY21 consolidated revenue was broadly in-line with our and consensus estimates whereas EBITDA was below our and consensus estimates on account of higher operating expenses. We believe positive macro factors, vaccination program in place, more cities opening up are improving sentiments for good retail demand. We expect domestic 2W industry to see a double digit growth for FY22 on a low base. We build our volume growth estimates for FY22/FY23 to +21%/+13% factoring the strong recovery in 2W domestic market. We expect revenue/EBITDA/ earnings to grow at 9%/6%/10% respectively CAGR over FY20-FY23E with EBITDA...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

16 Dec 2020

5465.00

0.51%

Eicher Motors

Hold: Eicher Motors Ltd.

Target

ICICI Securities Limited

Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,...

Eicher Motors Ltd. has an average target of 5406.11 from 11 brokers.

Eicher Motors Ltd.

18 Nov 2020

5465.00

0.51%

Eicher Motors: Q2FY21 Result Review

Hold: Eicher Motors Ltd.

IDBI Capital

Royal Enfield's (RE) Q2FY21 consolidated revenue was broadly in-line with our and consensus estimates whereas EBITDA/ PAT was ahead of our and consensus estimates on account of lower operating expenses and lower interest cost. We broadly maintain our volume/revenue estimates for FY21E/FY22E and lower our EBITDA/PAT estimates factoring the higher operating expenses in coming quarter due to new product launches, higher depreciation and lower other income. We introduce our FY23 estimates and anticipate revenue/earnings to grow at ~8%/12% CAGR each over FY20-FY23E with EBITDA margin from 19.3%-20.5%. We value RE biz at 23x and 15x for VECV business on...

Eicher Motors Ltd. has an average target of 5406.11 from 11 brokers.

Eicher Motors Ltd.

18 Nov 2020

5465.00

0.51%

EICHER MOTOR

Hold: Eicher Motors Ltd.

Geojit BNP Paribas

We expect export opportunities and new launches (Meteor 350) to drive growth over long-term. However, the stock has already factored-in the demand recovery at current price levels. Hence, we reiterate our HOLD...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

18 Nov 2020

5465.00

0.51%

Eicher Motors

Accumulate: Eicher Motors Ltd.

Dolat Capital

EIM consol results exceeded our estimates as Revenue/EBITDA/PAT were higher by 4%/22%/10%. This was led by, 1) better margins at RE at 22% (PLe 18.7%, -260bp YoY) and VECV at 6.9% (PLe 5%, +150bp YoY). We expect ~50bp contraction in margins in 2H as higher RM cost will be partially diluted...

Number of FII/FPI investors increased from 969 to 993 in Mar 2025 qtr.

Eicher Motors Ltd.

17 Nov 2020

5465.00

0.51%

Eicher Motors Limited

Eicher Motors Ltd.

SMC online

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

15 Nov 2020

5465.00

0.51%

Eicher Motors

Buy: Eicher Motors Ltd.

East India Securities Ltd

Series of model launches to bring in more footfalls RE's new model cycle would attract more customers towards showrooms as it plans to launch new Improvement in margins despite sales decline...

Eicher Motors Ltd. has an average target of 5406.11 from 11 brokers.

Eicher Motors Ltd.

15 Nov 2020

5465.00

0.51%

Eicher Motors

Buy: Eicher Motors Ltd.

East India Securities Ltd

Series of model launches to bring in more footfalls RE's new model cycle would attract more customers towards showrooms as it plans to launch new Improvement in margins despite sales decline...

Eicher Motors Ltd. has an average target of 5406.11 from 11 brokers.

Eicher Motors Ltd.

13 Nov 2020

5465.00

0.51%

Eicher Motors

Hold: Eicher Motors Ltd.

Recommendation Target

ICICI Securities Limited

EML said (1) it has reached production levels of ~72,000 units in October. Present bookings are at ~1.25 lakh units including ~8,000 units for the new Meteor, (2) 90% of Meteor bookings are via the new Make It Yours (MIY) app and two-third of enquiries are now online, (3) will continue to introduce one new model each quarter, (4) it added 25 stores and 123 studio stores (studio store count 1,717). It also added six exclusive stores outside India (Cambodia, Costa Rica, Mexico, UK, Thailand), (5) RE ASPs were helped by favourable product mix and price hikes (| 3,000 in Bullet, | 2,000 in others)...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

13 Nov 2020

5465.00

0.51%

Above est.; Good all-round performance; Enquiries & booking trend up

Buy: Eicher Motors Ltd.

Motilal Oswal

EIM's 2QFY21 performance has been strong, especially considering it was trailing in terms of volume recovery due to supply-side issues. Despite cost inflation (BS6 & precious metals), gross margins per unit were stable YoY. Strong booking and inquiries, positive initial response to Meteor, and normalized production would support volume recovery going forward. We upgrade FY21/FY22 consol. EPS estimates by 7%/8% as we upgrade volumes and realization for both RE and VECV. Maintain Buy....

Number of FII/FPI investors increased from 969 to 993 in Mar 2025 qtr.

Is Eicher Motors Ltd. worth buying?

912 Votes:

Buy 74.12%

Sell 13.93%

Hold 11.95%

RESEARCH REPORTS

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Results Update SEE REPORTS >

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