Eicher Motors Limited: A Detailed Look at its IPO, Share Price, Financials, and Products
Introduction
Eicher Motors Limited is one of India’s leading automotive companies, primarily known for its iconic motorcycle brand Royal Enfield. Founded in 1948, Eicher has a rich history and has expanded its footprint in various segments, including commercial vehicles.
Eicher Motors Limited IPO Launch
The Initial Public Offering (IPO) of Eicher Motors Limited was launched in December 1980. At the time of its IPO, the share price was set at ₹60 per share. The company has come a long way since then, showcasing impressive growth and consistent performance in the market.
Current Share Price
As of today, the current share price of Eicher Motors Limited is approximately ₹3,765 per share. This significant increase reflects the company’s strong market presence and continuous business expansion.
Products Offered by Eicher Motors Limited
Motorcycles
Eicher is highly renowned for its Royal Enfield motorcycles, which include popular models like Classic 350, Interceptor 650, and Meteor 350.
Commercial Vehicles
In collaboration with Volvo Group, Eicher Motors manufactures and sells a wide range of commercial vehicles, including trucks and buses under the brand name VE Commercial Vehicles.
Financial Performance
Over the years, Eicher Motors Limited has demonstrated robust financial performance. For the financial year 2022-2023, the company recorded total revenue of ₹ 13,581 crores and a net profit of ₹ 2,696 crores. The impressive financial results underline the company’s operational efficiency and market dominance.
Investment Growth Over 5 Years
Let us examine the growth of an investment in Eicher Motors Limited over the past five years:
- Share Price as of October 2018: ₹2,400
- Current Share Price: ₹3,765
If an investor had invested ₹10,000 in Eicher Motors Limited 5 years ago at a share price of ₹2,400, they would have purchased approximately 4.17 shares.
Current value of the investment:
4.17 shares * ₹3,765 = ₹15,708
Therefore, an initial investment of ₹10,000 in Eicher Motors Limited 5 years ago would now be worth approximately ₹15,708, representing a growth of nearly 57%.
Conclusion
Eicher Motors Limited has shown steady growth and resilience over the years, making it an attractive option for investors. With a diversified product portfolio and strong financial performance, the company is poised for continued success in the automotive industry. Whether you are considering an investment or simply seeking to understand more about Eicher Motors, this dynamic company remains a notable player in the market.