- Eicher’s 4Q net income stands at 10.70 billion rupees, witnessing an 18% rise year-on-year.
- The estimated net income for this period was 10.68 billion rupees, which Eicher has managed to slightly surpass.
- The revenue is at 42.56 billion rupees, marking a 12% annual increase. The estimated revenue was barely lower at 42.27 billion rupees.
- Other income for Eicher in the fourth quarter was 3.05 billion rupees, showing a significant 48% rise year-on-year.
- Total costs have also increased by 9.2% compared to the previous year, standing at 33.08 billion rupees.
- Employee benefits expenses are up by 30% from last year, totalling 3.28 billion rupees. These were estimated to be 2.99 billion rupees.
- Raw material costs have also surged by 13% on a yearly basis, reaching 21.64 billion rupees.
- The dividend per share is currently 51 rupees.
- The company’s future outlook includes 16 buys, 13 holds, and 11 sells.
Eicher Motors on Smartkarma
Analyst coverage on Eicher Motors by Pranav Bhavsar on Smartkarma indicates a bullish sentiment towards the company’s future prospects. In the research report titled “2024 High Conviction | Eicher Motors (EIM IN) | Himalayan Ambitions,” Bhavsar highlights several catalysts that could potentially lead to a re-rating of Eicher Motors. These catalysts include the launch of a new platform and the anticipation of revenue growth, with the recent introduction of the 450cc platform playing a significant role in positioning Eicher Motors for global leadership in the middleweight segment. The report suggests the potential for higher-than-anticipated revenue growth and the possibility of a multiple re-rating for the company.
A look at Eicher Motors Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores, Eicher Motors seems to have a promising long-term outlook ahead. With solid scores in Dividend, Growth, Resilience, and Momentum, the company appears to be on a positive trajectory. A high score in Dividend indicates that Eicher Motors has been consistently rewarding its shareholders, while strong scores in Growth, Resilience, and Momentum suggest that the company is well-positioned for sustainable growth and has the ability to weather challenges, maintaining its momentum in the market.
Eicher Motors Ltd., a manufacturer of light commercial vehicles, two-wheelers, and automotive gears, seems to be building a foundation for future success based on its strong performance across various key factors. With a focus on dividends, growth, resilience, and momentum, Eicher Motors is demonstrating its commitment to both investors and sustained business development in the competitive automotive industry. Investors may find confidence in the company’s overall outlook as it continues to navigate and thrive in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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