Unlabelled Top Electric Vehicle [EV] Stocks 2024

Top Electric Vehicle [EV] Stocks 2024

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Here’s a detailed look at the financial metrics for the specified automotive companies. Note that financial metrics like ROE, ROCE, PE ratio, and others are subject to change with quarterly and annual updates. You might want to check the most recent financial reports or a financial data provider for the latest figures.

1. Bajaj Auto

  • ROE (Return on Equity): Around 20% (Recent figure, may vary)
  • ROCE (Return on Capital Employed): Around 25% (Recent figure, may vary)
  • Equity to Debt Ratio: Low, typically around 0.2 to 0.3
  • PE Ratio: Approximately 20-25 (Varies with market conditions)
  • Industry PE Ratio: Generally around 15-20
  • Valuation Status: Often considered fairly valued or slightly overvalued
  • Promoter Pledging: Typically low (around 0-5%)
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹31,500 Cr, Profit ~₹4,600 Cr
    • 2022: Sales ~₹32,500 Cr, Profit ~₹4,800 Cr
    • 2023: Sales ~₹34,000 Cr, Profit ~₹5,000 Cr

2. Ashok Leyland

  • ROE: Around 10-15%
  • ROCE: Around 12-18%
  • Equity to Debt Ratio: Around 0.4 to 0.6
  • PE Ratio: Approximately 15-20
  • Industry PE Ratio: Around 15-20
  • Valuation Status: May be undervalued or fairly valued depending on market conditions
  • Promoter Pledging: Approximately 10-20%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹21,500 Cr, Profit ~₹1,200 Cr
    • 2022: Sales ~₹24,000 Cr, Profit ~₹1,500 Cr
    • 2023: Sales ~₹27,000 Cr, Profit ~₹2,000 Cr

3. Hero MotoCorp

  • ROE: Around 20-25%
  • ROCE: Around 30%
  • Equity to Debt Ratio: Very low, typically around 0.1 to 0.2
  • PE Ratio: Approximately 18-22
  • Industry PE Ratio: Around 15-20
  • Valuation Status: Often considered fairly valued
  • Promoter Pledging: Low, typically around 0-5%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹35,500 Cr, Profit ~₹3,400 Cr
    • 2022: Sales ~₹37,000 Cr, Profit ~₹3,600 Cr
    • 2023: Sales ~₹38,500 Cr, Profit ~₹3,800 Cr

4. Hero Electric

  • ROE: Data not consistently available (as it’s a privately held company)
  • ROCE: Data not consistently available
  • Equity to Debt Ratio: Data not consistently available
  • PE Ratio: Data not consistently available
  • Industry PE Ratio: Data not consistently available
  • Valuation Status: Hard to determine due to private ownership
  • Promoter Pledging: Data not consistently available
  • Last 3 Years Sales & Profit: Detailed financial data not publicly available

5. Mahindra & Mahindra Ltd

  • ROE: Around 12-18%
  • ROCE: Around 15-20%
  • Equity to Debt Ratio: Approximately 0.4 to 0.6
  • PE Ratio: Approximately 20-25
  • Industry PE Ratio: Around 15-20
  • Valuation Status: May be considered fairly valued or slightly overvalued
  • Promoter Pledging: Low, generally around 0-5%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹90,000 Cr, Profit ~₹8,000 Cr
    • 2022: Sales ~₹95,000 Cr, Profit ~₹8,500 Cr
    • 2023: Sales ~₹100,000 Cr, Profit ~₹9,000 Cr

6. Olectra Greentech Ltd

  • ROE: Around 5-10%
  • ROCE: Around 10-15%
  • Equity to Debt Ratio: Approximately 0.5 to 0.8
  • PE Ratio: Approximately 25-35
  • Industry PE Ratio: Around 25-35 (Electric vehicle sector)
  • Valuation Status: Often considered overvalued due to high growth expectations
  • Promoter Pledging: Low, generally around 0-5%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹500 Cr, Profit ~₹20 Cr
    • 2022: Sales ~₹700 Cr, Profit ~₹30 Cr
    • 2023: Sales ~₹1,000 Cr, Profit ~₹50 Cr

7. Tata Motors

  • ROE: Around 5-10%
  • ROCE: Around 8-12%
  • Equity to Debt Ratio: High, typically around 1.0 to 1.5
  • PE Ratio: Approximately 10-15
  • Industry PE Ratio: Around 10-15
  • Valuation Status: Often considered undervalued due to recovery phase
  • Promoter Pledging: Approximately 10-15%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹2,50,000 Cr, Profit ~₹1,000 Cr
    • 2022: Sales ~₹2,80,000 Cr, Profit ~₹2,500 Cr
    • 2023: Sales ~₹3,00,000 Cr, Profit ~₹3,000 Cr

8. TVS Motors

  • ROE: Around 15-20%
  • ROCE: Around 20-25%
  • Equity to Debt Ratio: Very low, typically around 0.1 to 0.2
  • PE Ratio: Approximately 25-30
  • Industry PE Ratio: Around 15-20
  • Valuation Status: Often considered overvalued or fairly valued depending on market conditions
  • Promoter Pledging: Low, generally around 0-5%
  • Last 3 Years Sales & Profit:
    • 2021: Sales ~₹20,000 Cr, Profit ~₹1,600 Cr
    • 2022: Sales ~₹22,000 Cr, Profit ~₹1,800 Cr
    • 2023: Sales ~₹24,000 Cr, Profit ~₹2,000 Cr

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