Eicher Motors Ltd
About
Eicher Motors Limited, a flagship company of the Eicher Group, was founded in 1982. Today, it is the parent company of Royal Enfield, a leading global midweight motorcycle manufacturer. Royal Enfield produces its motorcycles in Chennai and Leicester, UK, and exports them to more than 60 countries around the world. The company regularly organises motorcycling events such as the ‘Himalayan Odyssey,’ the ‘Rider Mania,’ and ‘One Ride.’ Additionally, Eicher has partnered with AB Volvo from Sweden to come up with the Volvo Eicher Commercial Vehicles venture. This venture offers a diverse range of commercial vehicles, such as trucks and buses, from 4.9 to 55 tonnes. Its manufacturing plant in Pithampur in Madhya Pradesh has become the hub for Volvo Group’s five- and eight-litre engines.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 18256 18.4% | 15416 40.8% | 10947 16.3% | 9411 -2.4% | 9644 -9.9% | 10709 12.3% | 9535 27.7% | 7470 13.8% | 6562 -26.5% | 8930 29.0% | 6923 5.4% | 6568 11.4% | 5895 28.1% | 4601 55.6% | 2958 54.1% | 1920 - |
| Net Operating Income (INR Cr) | 16536 14.50% | 14442 40.24% | 10298 18.09% | 8720 -4.73% | 9154 -6.57% | 9797 9.28% | 8965 27.46% | 7033 13.93% | 6173 -29.35% | 8738 28.32% | 6810 6.57% | 6390 12.41% | 5684 29.28% | 4397 49.63% | 2939 71.17% | 1717 -23.98% |
| Profit (INR Cr) | 4001 37.3% | 2914 73.8% | 1677 24.5% | 1347 -26.3% | 1827 -17.0% | 2203 12.4% | 1960 17.6% | 1667 24.6% | 1338 117.4% | 615 56.2% | 394 21.5% | 324 5.0% | 309 63.4% | 189 126.6% | 83 33.2% | 63 - |
| Assets (INR Cr) | 19216 21.4% | 15829 20.9% | 13099 10.3% | 11881 14.8% | 10350 12.5% | 9202 26.7% | 7266 31.8% | 5513 48.2% | 3721 -0.8% | 3749 15.3% | 3252 16.2% | 2800 14.6% | 2444 21.9% | 2005 13.3% | 1770 -1.7% | 1800 - |
| Net Worth (INR Cr) | 18046 20.4% | 14990 18.9% | 12608 10.2% | 11438 14.6% | 9981 11.9% | 8919 26.9% | 7030 31.5% | 5345 46.3% | 3653 45.2% | 2516 22.4% | 2055 17.1% | 1755 17.5% | 1493 21.2% | 1232 16.8% | 1055 -4.4% | 1104 153.2% |
| Employee Cost (INR Cr) | 1236 23.3% | 1002 22.0% | 821 -2.6% | 843 6.0% | 796 13.3% | 702 22.4% | 574 34.6% | 426 21.7% | 350 -46.9% | 660 23.7% | 533 16.6% | 457 32.3% | 346 31.3% | 263 22.3% | 215 37.8% | 156 - |
| Interest Cost (INR Cr) | 51 | 28 | 19 | 16 | 19 | 7 | 5 | 4 | 2 | 10 | 8 | 4 | 8 | 10 | 9 | 10 |
| Cash & Bank Balance (INR Cr) | 146 | 766 | 2722 | 5830 | 2951 | 2965 | 1212 | 25 | 49 | 353 | 683 | 804 | 1192 | 1246 | 1171 | 1232 |
| Total Debt (INR Cr) | 419 | 288 | 108 | 219 | 249 | 187 | 151 | 112 | 23 | 58 | 84 | 23 | 43 | 96 | 126 | 166 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 21.9% | 18.9% | 15.3% | 14.3% | 19.0% | 20.6% | 20.6% | 22.3% | 20.4% | 6.9% | 5.7% | 4.9% | 5.2% | 4.1% | 2.8% | 3.3% |
| Profit As % Of Assets | 20.8% | 18.4% | 12.8% | 11.3% | 17.7% | 23.9% | 27.0% | 30.2% | 36.0% | 16.4% | 12.1% | 11.6% | 12.6% | 9.4% | 4.7% | 3.5% |
| Profit As % Of Networth | 22.2% | 19.4% | 13.3% | 11.8% | 18.3% | 24.7% | 27.9% | 31.2% | 36.6% | 24.5% | 19.2% | 18.5% | 20.7% | 15.3% | 7.9% | 5.7% |
| Interest Cost to EBITDA % | 1.2% | 0.8% | 0.9% | 0.9% | 0.9% | 0.3% | 0.2% | 0.2% | 0.1% | 0.9% | 1.1% | 0.7% | 1.3% | 2.7% | 6.3% | - |
| Debt to Equity Ratio | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.04 | 0.01 | 0.03 | 0.08 | 0.12 | 0.15 |
| RONW | 24.2% | 21.1% | 13.9% | 12.6% | 19.3% | 27.8% | 35.2% | 38.1% | 34.7% | 30.7% | 22.1% | 18.9% | 23.5% | 17.3% | 7.9% | 6.5% |
| ROCE | 30.0% | 26.5% | 17.8% | 16.3% | 24.3% | 40.1% | 48.8% | 52.8% | 47.1% | 41.1% | 27.1% | 23.0% | 30.0% | 22.6% | 11.0% | 3.3% |