One of the top brands in the Indian automotive market, Eicher Motors is well-known for its famous Royal Enfield nameplate. The business has experienced significant growth in recent years, and its stock price has reached all-time highs. Investors are curious about the future of Eicher Motors, especially how its stock price will fare over the next ten years.
In order to calculate Eicher Motors’ share price target for the years 2023 to 2030, we will examine its financials, market trends, and growth prospects in this article. We will examine the company’s performance over the previous few years while accounting for general industry trends and macroeconomic considerations.
EM IN RECENT NEWS
- According to Prabhudas Lilladher, Eicher Motors’ shares are expected to experience a short-term increase of more than 10%.
EM SHARE PRICE TARGET 2023
|EM SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The Eicher Motors’ share price targets for 2023 are subject to fluctuations throughout the year, but a general upward trend can be observed. In April 2023, the maximum share price target is ₹3,301.10, and the minimum is ₹2,539.31. However, in May 2023, the maximum share price target drops to ₹2,750.92, with the minimum falling to ₹2,116.09.
By June 2023, the share price target bounces back up, with both the maximum and minimum prices matching those of April 2023, at ₹3,301.10 and ₹2,539.31, respectively. In July 2023, the maximum share price target jumps to ₹3,961.32, with the minimum target at ₹3,047.17. The maximum share price target rises again to ₹4,357.45 in August 2023, with the minimum target at ₹3,351.89.
September 2023 sees the maximum share price target continue to increase, reaching ₹4,575.32, while the minimum target is ₹3,519.48. In October 2023, the share price target remains the same as June and April, with a maximum of ₹3,301.10 and a minimum of ₹2,539.31.
The maximum share price target reaches ₹4,793.20 in November 2023, while the minimum target is ₹3,687.07. Finally, the maximum share price target for the year is ₹5,368.38 in December 2023, with a minimum of ₹4,129.52.
EM SHARE PRICE TARGET 2024
|EM SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The share price target for Eicher Motors in 2024 shows a generally positive trend with fluctuations throughout the year. In January 2024, the maximum share price target is ₹5,650.93, while the minimum is ₹1,037.03. In February, the maximum target jumps to ₹6,349.36 with a minimum of ₹5,291.13. The trend continues in March with a maximum of ₹6,683.53 and a minimum of ₹5,433.77.
However, in April, the share price target sees a dip with a maximum of ₹6,075.94 and a minimum of ₹4,673.80. The trend continues downward in May with a maximum of ₹5,063.28 and a minimum of ₹3,894.83. But, the share price target bounces back up in June to match that of April with a maximum of ₹6,075.94 and a minimum of ₹4,673.80. In July, the maximum target is ₹5,164.55 and a minimum of ₹4,003.53.
August sees a rise in both the maximum and minimum targets, with ₹5,681.00 and ₹4,508.73, respectively. The trend continues in September with a maximum of ₹5,965.05 and a minimum of ₹4,588.50. In October, the maximum share price target jumps to ₹7,017.71 with a minimum of ₹5,398.24. November sees a further increase in the maximum target at ₹7,368.60 and a minimum of ₹5,668.15. Finally, in December, the maximum share price target for the year is ₹7,515.97, while the minimum is ₹5,781.51.
EM SHARE PRICE TARGET 2025
|EM SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
In January, the maximum target is ₹7,666.29, with a minimum of ₹5,897.14. The maximum target increases in February to ₹8,069.78, and continues to rise in March to ₹8,473.26. However, in April and May, the maximum target drops to ₹7,565.41 and ₹6,877.65, respectively.
The share price target bounces back up in June, matching the maximum and minimum prices of April. In July, the maximum target drops slightly to ₹7,205.16, while the minimum target increases slightly to ₹5,542.43. In August, the maximum target increases again to ₹7,505.37, with a minimum of ₹5,773.36.
September sees an increase in both the maximum and minimum targets, with the former reaching ₹7,880.64 and the latter at ₹6,062.03. In October, the maximum target jumps to ₹8,353.48, with a minimum of ₹6,425.75. In November, the maximum target reaches ₹8,938.22, while the minimum target is ₹6,875.56. The year ends with a maximum target of ₹9,116.99 in December, with a minimum of ₹7,013.07.
EM SHARE PRICE TARGET 2026 TO 2030
|EM SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
Eicher Motors’ share price target for the year 2026 has a maximum of ₹6,381.89 and a minimum of ₹4,467.32. Moving on to the year 2027, the maximum share price target drops to ₹5,424.61, while the minimum target is ₹3,797.22. In 2028, the maximum share price target takes a massive jump to ₹9,764.29, while the minimum is ₹6,835.00. The following year, 2029, has a significant increase in the maximum share price target, reaching ₹20,057.37, with a minimum of ₹14,040.16. Finally, in the year 2030, the maximum share price target is ₹22,336.62, and the minimum is ₹15,635.63.
FINANCIAL STRENGTH OF EICHER MOTORS (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||17.06||-5.40||-5.31||10.77||27.33|
|Total Expenses Growth (%)||16.07||0.44||2.39||12.77||27.29|
|Profit after Tax (PAT)||1,676.60||1,346.89||1,827.44||2,202.73||1,959.67|
|PAT Growth (%)||24.48||-26.30||-17.04||12.40||17.55|
|Operating Profit Margin (%)||20.98||20.45||25.58||31.09||31.95|
|Net Profit Margin (%)||16.28||15.44||19.96||22.48||21.85|
|Basic EPS (₹)||61.33||49.30||669.52||807.76||719.69|
Eicher Motors, a renowned Indian automobile company, has witnessed fluctuating financial growth in the past five years. From FY 2018 to FY 2022, the total revenue of the company has shown a mix of growth and decline, with a maximum of ₹10,738.65 crores in FY 2022 and a minimum of ₹9,173.54 crores in FY 2021. The revenue growth rate has also been inconsistent, with a maximum growth of 27.33% in FY 2018 and a decline of 5.4% in FY 2021. Similarly, the company’s expenses have also varied, with a maximum of ₹8,596.29 crores in FY 2022 and a minimum of ₹6,385.97 crores in FY 2018. The profit after tax (PAT) of the company has seen a considerable fluctuation, with a maximum of ₹2,202.73 crores in FY 2019 and a minimum of ₹1,346.89 crores in FY 2021. However, the company witnessed a growth of 24.48% in PAT in FY 2022. The operating profit margin has been consistent, ranging from 20.45% to 31.95% over the past five years. In contrast, the net profit margin has shown a declining trend from 22.48% in FY 2019 to 16.28% in FY 2022. The basic EPS has varied from ₹719.69 to ₹669.52 over the past five years. Despite the fluctuating financial growth, Eicher Motors has managed to maintain a steady operating profit margin, indicating the company’s ability to manage expenses and generate revenue.
What is Eicher Motors?
Eicher Motors is an Indian multinational automotive manufacturer that produces commercial vehicles, motorcycles, and personal-use utility vehicles. The company is headquartered in Gurgaon, India.
How has Eicher Motors performed financially in recent years?
Eicher Motors has seen fluctuating financial performance in recent years. Total revenue has grown by 17.06% in FY 2022, but decreased by 5.40% and 5.31% in FY 2021 and FY 2020, respectively. The company’s expenses have also grown over the past five years, but have not always increased at the same rate as revenue. Profit after tax (PAT) has also seen fluctuating growth, with a 24.48% increase in FY 2022 but decreases of 26.30% and 17.04% in FY 2021 and FY 2020, respectively.
How profitable is Eicher Motors?
Eicher Motors has seen fluctuating profitability in recent years. The company’s operating profit margin has ranged from 20.45% to 31.95% over the past five years, while the net profit margin has ranged from 15.44% to 22.48%. Basic earnings per share (EPS) have also seen fluctuating growth, with a significant drop from ₹669.52 in FY 2020 to ₹49.30 in FY 2021 before rebounding to ₹61.33 in FY 2022.
What types of vehicles does Eicher Motors produce?
Eicher Motors produces a range of vehicles, including commercial trucks and buses under the VE Commercial Vehicles brand, motorcycles under the Royal Enfield brand, and personal-use utility vehicles under the Polaris India brand.
CONCLUSION: EICHER MOTORS SHARE PRICE TARGET
It appears like Eicher Motors has demonstrated a consistent growth trajectory based on the income growth, PAT, revenue growth, and profit growth over the previous five years. With the exception of a tiny decline in FY 2021, the company has consistently reported rising total revenue and profit after taxes. Additionally, the business has kept both its operating profit margin and net profit margin strong.
It is crucial to keep in mind that past success does not ensure future achievement, and stock market trading is never without danger. Before making any investment decisions, investors should thoroughly examine the company’s financial situation, market developments, and industry competitors.