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14-Feb2013

Eicher Motors spurts on its arm Royal Enfield's plans of ramping-up the production capacity

Eicher Motors is currently trading at Rs 2688.65, up by 68.50 points or 2.61% from its previous closing of Rs 2620.15 on the BSE.

The scrip opened at Rs 2635.00 and has touched a high and low of Rs 2707.65 and Rs 2629.00 respectively.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 3240.00 on 03-Dec-2012 and a 52 week low of Rs 1620.00 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs 2846.30 and Rs 2600.00 respectively. The current market cap of the company is Rs 7074.01 crore.

The promoters holding in the company stood at 55.19% while Institutions and Non-Institutions held 24.38% and 20.43% respectively.

In a bid to strengthen position in the niche bike market, Eicher Motors' business division, Royal Enfield is planning to ramp-up its production capacity beyond 1,50,000 units per annum by 2014.

The company is presently setting up a new plant near Chennai at an investment of Rs 150 crore and with the help of this, the company will have a total combined capacity of 1,50,000 units.

Eicher Motors reported 4.5% fall in profit after tax for the calendar year 2012 at Rs 474.9 crore, as against Rs 497.4 crore in 2011. The company's total income from operations was at Rs 6,389.9 crore as against Rs 5,684.4 crore in the previous year.


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