Eicher Motors Financial Statements

Eicher Motors Key Financial Ratios

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Y/e 31 Mar Mar-2021 Mar-2020 Mar-2018 Mar-2017
Growth matrix (%)        
Revenue growth (4.70) 2.10 27.50 13.90
Op profit growth (18) (22) 29.10 28.70
EBIT growth (24) (25) 28.10 29.70
Net profit growth (26) (6.70) 17.60 24.60
Profitability ratios (%)        
OPM 20.40 23.80 31.30 30.90
EBIT margin 20.50 25.60 34.80 34.60
Net profit margin 15.40 20 21.90 23.70
RoCE 15.90 26.20 48.40 52.50
RoNW 3.14 5.37 7.92 9.26
RoA 3.01 5.12 7.60 8.99
Per share ratios ()        
EPS 49.30 669 800 630
Dividend per share 17 125 110 100
Cash EPS 32.80 530 637 556
Book value per share 418 3,655 2,579 1,964
Valuation ratios        
P/E 52.80 1.96 3.54 4.06
P/CEPS 79.40 2.47 4.45 4.59
P/B 6.22 0.36 1.10 1.30
EV/EBIDTA 29.30 12.10 22.80 26.90
Payout (%)        
Dividend payout -- 22.50 15.30 16.30
Tax payout (26) (23) (30) (30)
Liquidity ratios        
Debtor days 5.13 3.09 2.40 2.15
Inventory days 30.30 19.30 14.90 16.70
Creditor days (69) (57) (56) (50)
Leverage ratios        
Interest coverage (108) (124) (584) (685)
Net debt / equity (0.50) (0.30) (0.20) 0.02
Net debt / op. profit (3.20) (1.20) (0.40) 0.04
Cost breakup ()        
Material costs (59) (55) (52) (53)
Employee costs (9.70) (8.70) (6.40) (6.10)
Other costs (11) (13) (10) (10)
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Y/e 31 Mar( In .Cr) Mar-2021 Mar-2020 Mar-2018 Mar-2017
Revenue 8,720 9,154 8,965 7,033
yoy growth (%) (4.70) 2.10 27.50 13.90
Raw materials (5,113) (4,996) (4,643) (3,704)
As % of sales 58.60 54.60 51.80 52.70
Employee costs (843) (796) (574) (426)
As % of sales 9.67 8.69 6.40 6.06
Other costs (983) (1,182) (940) (729)
As % of sales 11.30 12.90 10.50 10.40
Operating profit 1,781 2,180 2,808 2,174
OPM 20.40 23.80 31.30 30.90
Depreciation (451) (382) (223) (154)
Interest expense (16) (19) (5.30) (3.60)
Other income 453 543 537 417
Profit before tax 1,767 2,323 3,116 2,433
Taxes (452) (527) (936) (720)
Tax rate (26) (23) (30) (30)
Minorities and other -- -- (220) (46)
Adj. profit 1,316 1,796 1,960 1,667
Exceptional items -- -- -- --
Net profit 1,347 1,827 1,960 1,667
yoy growth (%) (26) (6.70) 17.60 24.60
NPM 15.40 20 21.90 23.70
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2018 Mar-2017
Profit before tax 1,767 2,323 3,116 2,433
Depreciation (451) (382) (223) (154)
Tax paid (452) (527) (936) (720)
Working capital 4,392 1,563 (395) (490)
Other operating items -- -- -- --
Operating cashflow 5,257 2,977 1,562 1,069
Capital expenditure 3,060 2,059 (155) (1,842)
Free cash flow 8,317 5,036 1,407 (773)
Equity raised 11,530 10,196 7,372 6,412
Investments 3,390 5,110 4,755 3,909
Debt financing/disposal 192 227 167 53.50
Dividends paid -- 341 300 272
Other items -- -- -- --
Net in cash 23,429 20,911 14,000 9,874
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Y/e 31 Mar ( In .Cr) Mar-2021 Mar-2020 Mar-2019 Mar-2018
Equity capital 27.30 27.30 27.30 27.30
Preference capital -- -- -- --
Reserves 11,411 9,954 8,891 7,003
Net worth 11,438 9,981 8,919 7,030
Minority interest
Debt 219 249 187 151
Deferred tax liabilities (net) 249 271 297 163
Total liabilities 11,907 10,501 9,403 7,344
Fixed assets 2,748 2,690 2,324 1,835
Intangible assets
Investments 3,902 5,749 4,923 5,581
Deferred tax asset (net) 28 19.30 23.40 21.30
Net working capital (601) (907) (833) (1,305)
Inventories 875 572 633 395
Inventory Days 36.60 22.80 -- 16.10
Sundry debtors 158 86.80 84.30 68
Debtor days 6.62 3.46 -- 2.77
Other current assets 1,046 402 457 432
Sundry creditors (1,568) (1,037) (1,184) (1,131)
Creditor days 65.60 41.30 -- 46
Other current liabilities (1,112) (931) (824) (1,068)
Cash 5,830 2,951 2,965 1,212
Total assets 11,907 10,501 9,403 7,344
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Particulars ( Rupees In Crores.) Jun-2021 Mar-2021 Dec-2020 Sep-2020 Jun-2020
Gross Sales 1,943 2,931 2,809 2,112 809
Excise Duty -- -- -- -- --
Net Sales 1,943 2,931 2,809 2,112 809
Other Operating Income 31.50 9.35 18.80 21.60 9
Other Income 122 183 156 100 114
Total Income 2,096 3,123 2,985 2,234 932
Total Expenditure ** 1,651 2,306 2,156 1,666 880
PBIDT 446 817 828 567 52.60
Interest 6.44 3.94 3.60 3.82 5.09
PBDT 439 813 825 563 47.50
Depreciation 112 125 123 105 98.20
Minority Interest Before NP -- -- -- -- --
Tax 97.80 164 168 119 42.40
Deferred Tax (7.40) (1.30) 1.63 (3.70) (38)
Reported Profit After Tax 237 526 533 343 (55)
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 237 526 533 343 (55)
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 237 526 533 343 (55)
EPS (Unit Curr.) 8.67 19.30 19.50 12.60 (2)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 27.30 27.30 27.30 27.30 27.30
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 22.90 27.90 29.50 26.90 6.50
PBDTM(%) 22.60 27.80 29.40 26.70 5.87
PATM(%) 12.20 18 19 16.30 (6.80)
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