Eicher Motors
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Eicher Motors - overview
Established
1955
Location
Gurgaon, Haryana, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Eicher Motors Limited is a prominent Indian automotive company specializing in motorcycles and commercial vehicles, known for its renowned brand, Royal Enfield, that merges classic aesthetics with modern engineering. Eicher Motors Limited, headquartered in Gurgaon, India, is engaged in the manufacture of motorcycles and commercial vehicles. The company was founded in 1982 and has not undergone notable pivots in its business operations. Pradeep Kapse serves as the CEO.
Eicher Motors received a significant funding round on March 14, 2011, with an investment amount of USD 32. 4 mn. The company has been involved in 2 deals to date. Eicher Motors Limited is primarily known for its robust portfolio of automotive products, predominantly centered around motorcycles and commercial vehicles.
The company operates its flagship brand, Royal Enfield, which specializes in mid-size motorcycles that combine classic styling with modern engineering. Royal Enfield has become synonymous with a unique lifestyle choice among motorcycle enthusiasts, offering motorcycles tailored for various riding experiences, focusing on reliability and performance. Additionally, Eicher Motors, through its joint venture with the Volvo Group, encompasses a comprehensive range of Eicher-branded trucks and buses that cater to the commercial transportation sector, serving logistics and freight transportation across various markets, including India, Southeast Asia, and parts of Africa. In 2022, Eicher Motors Limited reported a revenue of USD 1,359.
50 mn, with an EBITDA amounting to USD 358. 64 mn. The company generates revenue from the sale of motorcycles, trucks, and buses, utilizing a business model that includes both direct-to-consumer sales and B2B transactions, supported by a network of authorized dealers and direct sales to businesses. Eicher Motors is focused on expanding its product offerings, with upcoming launches in the Royal Enfield line scheduled for the next fiscal year.
The company is also targeting expansion into Southeast Asian and African markets by 2025. The proceeds from the most recent deal in March 2011, amounting to USD 32. 4 mn, are expected to support these initiatives.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.eicher.in
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Eicher Motors - timeline of key events
Eicher Motors - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 56,775,400,000 | 63,898,900,000 | 68,098,000,000 | 87,383,200,000 | - | 156,886,600,000 | 79,394,500,000 | 91,751,600,000 | 97,174,400,000 | 90,735,500,000 | 86,615,600,000 | - | - | - |
| % Revenue Growth (YoY) | - | 12.5% | 6.6% | 28.3% | - | - | (49.4%) | 15.6% | 5.9% | (6.6%) | (4.5%) | - | - | - |
| EBITDA (USD) | 7,318,300,000 | 5,952,100,000 | 7,536,600,000 | 11,938,200,000 | - | 25,225,800,000 | 25,408,000,000 | 33,049,300,000 | 34,745,400,000 | 25,346,500,000 | 19,552,800,000 | - | - | - |
| Operating Income (USD) | 6,678,700,000 | 5,130,400,000 | 6,236,200,000 | 9,740,000,000 | - | 20,709,200,000 | 23,869,900,000 | 30,816,300,000 | 31,742,600,000 | 21,531,100,000 | 15,045,500,000 | - | - | - |
| Operating Margin | 11.8% | 8.0% | 9.2% | 11.1% | - | 13.2% | 30.1% | 33.6% | 32.7% | 23.7% | 17.4% | - | - | - |
| % EBITDA Margin | 12.9% | 9.3% | 11.1% | 13.7% | - | 16.1% | 32.0% | 36.0% | 35.8% | 27.9% | 22.6% | - | - | - |
| NET Income (USD) | 4,974,000,000 | 4,748,500,000 | 5,253,800,000 | 7,017,400,000 | - | 14,519,400,000 | 16,670,800,000 | 19,596,700,000 | 22,027,300,000 | 18,274,400,000 | 13,468,900,000 | - | - | - |
| % Net Margin | 8.8% | 7.4% | 7.7% | 8.0% | - | 9.3% | 21.0% | 21.4% | 22.7% | 20.1% | 15.6% | - | - | - |
Eicher Motors - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Eicher Motors | - | ||||||||
| PIPE | Completed | Eicher Motors | - |
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Eicher Motors - employee data
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