2025-09-17 10:34:18 am | Source: Choice Broking Ltd
Reduce Eicher Motors Ltd For the Target Rs. 6,550 by Choice Broking Ltd
View and Valuation:
EIM is poised for strong growth, with GST rate cuts benefitting ~81% of its portfolio, while the rate change to 40% for above 350cc motorcycles (~6% of portfolio) will be a small negative for the company. Consequently, we revise our FY27/FY28 EPS estimates upwards by 3.0%/3.9% and arrive at our target price of INR 6,550. We value the company at 27x (previously 25x) on the average FY27/28E EPS and change our rating to REDUCE from ADD.
Financials:
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