Eicher Motors Ltd logo

Eicher Motors Ltd

EICHERMOT NSE

Key Fundamentals

LargecapBikesAutomobiles
Market Cap
2.2L Cr
Volatility
Moderate
P/E Ratio
38.12
EBITDA
₹7,272 Cr
Return on Equity
21.97%
Debt to Equity
0.02
Book Value
₹914.32
EPS
₹152.7
52W High
₹8,230
52W Low
₹5,588

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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47 extracted metrics + investor summaries across FY11–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 32.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.7%

Weaknesses

2
  • Stock is trading at 8.76 times its book value
  • Earnings include an other income of Rs.2,260 Cr.

Growth Rate

Revenue Growth
23.39% ↗
Net Income Growth
16.49% ↗
Cash Flow Change
20.73% ↗
ROE
-1.17% ↗
ROCE
1.11% ↗
EBITDA Margin (Avg.)
-2.05% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Eicher Motors, with a market cap of Rs.2,17,992 Cr, operates as a nearly debt-free automobile company trading at a PE of 37.6x and PB of 8.65x. The company has delivered 33% compounded profit CAGR over 5 years with a consistent ROE of 22-24%, while TTM sales growth stands at 28%.

Bull Case 8
  • Company is virtually debt-free, providing significant financial flexibility and resilience during economic downturns
  • Strong 5-year compounded profit growth of 33% CAGR demonstrates sustained earnings momentum
  • Consistent ROE of 22-24% over 3, 5, and 10-year periods indicates efficient capital allocation and durable competitive advantage
  • TTM sales growth of 28% signals robust demand and accelerating top-line performance
  • Healthy dividend payout of 38.7% with a current yield of 1.03% reflects shareholder-friendly capital return policy
  • 10-year compounded sales CAGR of 14% and profit CAGR of 15% show long-term structural growth trajectory
  • Stock CAGR of 41% over 1 year and 33% over 3 years reflects strong market confidence in execution
  • 3-year compounded profit growth of 24% outpaces 3-year sales growth of 17%, indicating improving operating leverage and margin expansion
Bear Case 8
  • Stock trades at 8.65x book value, a steep premium that leaves limited margin of safety if growth slows
  • PE of 37.6x is elevated relative to the broader auto sector, pricing in significant future growth expectations
  • Other income of Rs.2,260 Cr forms a material portion of earnings, raising questions about core operating profit quality
  • TTM profit growth of 20% lags TTM sales growth of 28%, suggesting potential margin pressure or one-off base effects
  • 10-year stock CAGR of only 14% versus 3-year CAGR of 33% indicates recent re-rating may not be sustainable at this pace
  • Dividend yield of 1.03% is modest for a mature, debt-free company, limiting income-oriented appeal
  • 52-week high and low data unavailable (reported as 0), making it difficult to assess current price positioning relative to recent range
  • 5-year sales CAGR of 22% exceeds 10-year CAGR of 14%, and any reversion to long-term mean growth could disappoint at current valuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 6
  • July sales surge 34% YoY Aug 1

    Royal Enfield sold 1,18,232 motorcycles in July 2026, up 34% YoY. Domestic sales jumped 38% while exports grew 10%.

  • Record Q1 FY27 results Jul 30

    Revenue grew 32% to ₹6,632 crore with 21% PAT rise. Royal Enfield volumes hit 332,940 units in Q1 FY27.

  • ₹1,225 Cr Andhra Pradesh expansion Aug 1

    Eicher Motors announced a ₹1,225 crore greenfield expansion in Andhra Pradesh alongside its strong July sales numbers.

  • VECV sales up 15.8% Aug 1

    VE Commercial Vehicles sold 8,241 units in July 2026, up 15.8% YoY. YTD growth stands at 15.1%.

  • FY26 revenue up 24%, dividend ₹82 Jul 25

    Consolidated FY26 revenue rose 24% to ₹23,408 crore; PAT up 16.5% to ₹5,515 crore. Board recommended ₹82/share dividend with 44th AGM on Aug 20, 2026.

  • BRSR ESG report filed Jul 25

    Eicher Motors submitted its Business Responsibility and Sustainability Report for FY 2025-26, disclosing ESG performance and governance frameworks.

Neutral 4
  • Institutional block trades Jul 23

    Multiple block trades recorded on NSE between Jul 9-23 totaling ~₹106 crore at prices ranging from ₹7,349.50 to ₹7,717.00 per share, indicating institutional activity.

  • Q1 FY27 earnings call held Jul 29

    Eicher Motors hosted its Q1 FY27 conference call on July 29, 2026. Audio recording has been released.

  • Cost auditor appointed Jul 29

    M/s. Jyothi Satish & Co. appointed as Cost Auditor for FY 2026-27 following Audit Committee recommendation.

  • Trading window opened Aug 1 Jul 29

    Insider trading window opened from August 1, 2026, in compliance with SEBI regulations following results announcement.

TL;DR: Eicher Motors is firing on all cylinders with record quarterly results, 34% monthly sales growth, and strong commercial vehicle momentum. No material headwinds are visible in recent news flow. The ₹1,225 crore greenfield expansion signals management confidence in sustained demand. The trend is clearly improving with both volume growth and margin expansion supporting the bullish narrative.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,986
4,115
4,179
4,256
4,393
4,263
4,973
5,241
5,042
6,172
6,114
6,080
6,632
Expenses
2,966
3,027
3,089
3,127
3,228
3,175
3,772
3,983
3,839
4,660
4,557
4,566
5,042
Operating Profit
1,021
1,087
1,090
1,129
1,165
1,088
1,201
1,258
1,203
1,512
1,557
1,514
1,591
OPM %
26%
26%
26%
27%
27%
26%
24%
24%
24%
24%
25%
25%
24%
Other Income
344
375
368
437
457
468
452
628
603
486
465
675
634
Interest
10
13
12
15
12
13
13
16
15
19
17
20
22
Depreciation
142
143
148
165
169
180
179
201
198
200
211
232
278
PBT
1,212
1,307
1,298
1,385
1,441
1,362
1,461
1,669
1,593
1,779
1,793
1,937
1,925
Tax %
24%
22%
23%
23%
24%
19%
20%
18%
24%
23%
21%
22%
24%
Net Profit
918
1,016
996
1,070
1,101
1,100
1,170
1,362
1,205
1,369
1,421
1,520
1,463
EPS in Rs
33.58
37.12
36.38
39.1
40.2
40.15
42.7
49.68
43.95
49.93
51.79
55.41
53.28
Figures in ₹ Crores

Profit & Loss

  Dec 2014Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8,738
6,173
7,033
8,965
9,797
9,154
8,720
10,298
14,442
16,536
18,870
23,408
24,998
Expenses
7,621
4,484
4,859
6,156
6,893
6,971
6,937
8,120
10,996
12,206
14,148
17,618
18,825
Operating Profit
1,118
1,690
2,174
2,809
2,904
2,183
1,783
2,178
3,446
4,329
4,723
5,789
6,173
OPM %
13%
27%
31%
31%
30%
24%
20%
21%
24%
26%
25%
25%
25%
Other Income
105
326
416
536
701
572
482
496
908
1,521
1,994
2,225
2,260
Interest
10
2
4
5
7
19
16
19
28
51
54
72
78
Depreciation
220
137
154
223
300
382
451
452
526
598
729
840
920
PBT
993
1,877
2,433
3,116
3,297
2,355
1,798
2,203
3,800
5,202
5,933
7,102
7,434
Tax %
29%
29%
30%
30%
33%
22%
25%
24%
23%
23%
20%
22%
—
Net Profit
702
1,338
1,667
1,960
2,203
1,827
1,347
1,677
2,914
4,001
4,734
5,515
5,773
EPS in Rs
22.71
49.27
61.27
71.89
80.75
66.91
49.28
61.32
107
146
173
201
210
Div. Payout %
22%
20%
16%
15%
15%
19%
34%
34%
35%
35%
41%
41%
—
Figures in ₹ Crores

Balance Sheet

  Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
27
27
27
27
27
27
27
27
27
27
27
27
Reserves
2,489
3,626
5,318
7,003
8,891
9,954
11,411
12,581
14,963
18,018
21,269
25,073
Borrowings
58
23
112
151
187
249
219
108
288
419
458
514
Other Liabilities
3,829
1,263
1,552
2,341
2,281
2,220
2,901
3,424
3,919
4,650
5,420
6,549
Total Liabilities
6,403
4,939
7,009
9,522
11,387
12,450
14,559
16,140
19,198
23,115
27,174
32,164
Fixed Assets
2,309
790
873
1,502
1,875
2,378
2,433
2,424
2,690
2,914
3,473
3,852
CWIP
419
94
374
333
450
312
314
505
472
555
491
736
Investments
1,078
3,388
4,987
5,581
4,923
5,749
3,902
7,721
12,321
13,527
14,791
17,496
Other Assets
2,597
667
775
2,106
4,140
4,011
7,909
5,490
3,715
6,119
8,419
10,080
Total Assets
6,403
4,939
7,009
9,522
11,387
12,450
14,559
16,140
19,198
23,115
27,174
32,164
Figures in ₹ Crores

Cash Flow

  Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,047
1,463
1,708
2,482
1,575
1,694
1,691
1,527
2,823
3,724
3,980
4,805
Investing
-1,214
-1,001
-1,744
-2,145
-660
-1,508
-1,625
-983
-2,397
-2,834
-2,461
-2,834
Financing
-162
-466
25
-262
-292
-858
-15
-593
-417
-844
-1,399
-1,983
Net Cash Flow
-329
-4
-10
75
623
-673
51
-50
8
45
121
-12
Free Cash Flow
79
954
1,161
1,736
786
1,150
1,176
888
2,149
2,909
2,951
3,538
CFO/OP
119
117
109
117
86
106
120
94
104
111
107
106
Figures in ₹ Crores

Ratios

  Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
23
2
3
3
3
3
7
11
9
8
11
6
Inventory Days
41
33
33
31
46
42
62
69
57
57
55
55
Days Payable
96
77
75
92
89
74
108
110
80
85
90
76
Cash Conversion Cycle
-31
-42
-40
-58
-40
-28
-39
-29
-14
-19
-24
-16
Working Capital Days
-35
-47
-55
-64
-42
-44
-30
-15
-14
5
31
22
ROCE %
28%
51%
53%
49%
41%
25%
17%
18%
27%
31%
30%
31%

Shareholding Pattern

As of Jun 2026
Promoters 49.02%
FIIs 25.53%
DIIs 16.06%
Public 7.51%
Others 1.89%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
49.23%
49.22%
49.22%
49.22%
49.21%
49.21%
49.21%
49.21%
49.20%
49.17%
49.16%
49.15%
49.15%
49.11%
49.10%
49.09%
49.08%
49.07%
49.06%
49.06%
49.06%
49.02%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
28.89%
0.00%
28.95%
28.81%
27.62%
25.43%
25.03%
25.83%
26.98%
27.01%
26.78%
25.53%
DIIs
8.72%
9.10%
8.32%
9.45%
9.68%
9.86%
9.21%
10.06%
11.28%
10.12%
10.58%
7.95%
11.14%
11.95%
13.76%
16.19%
16.63%
15.76%
14.72%
14.74%
14.82%
16.06%
Government
0.15%
0.10%
0.10%
0.10%
0.10%
0.10%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.74%
9.66%
9.02%
8.92%
8.93%
8.59%
8.37%
8.66%
8.76%
8.25%
9.07%
8.49%
8.50%
8.01%
7.53%
7.41%
7.36%
7.43%
7.31%
7.29%
7.48%
7.51%
Others
32.16%
31.92%
33.35%
32.31%
32.08%
32.24%
33.21%
32.07%
30.75%
32.45%
2.30%
34.41%
2.25%
2.12%
1.99%
1.87%
1.90%
1.92%
1.92%
1.90%
1.86%
1.89%
No. of Shareholders
2,50,684
2,58,544
2,49,288
2,71,075
2,63,779
2,34,512
2,38,294
2,60,161
2,66,168
2,45,461
2,80,530
2,48,486
2,63,132
2,56,978
2,47,951
2,46,190
2,49,483
2,54,118
2,52,901
2,60,429
2,80,399
2,83,648

Documents

Frequently Asked Questions about Eicher Motors Ltd

What does Eicher Motors Ltd do?
Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Li...
Where is Eicher Motors Ltd (EICHERMOT) listed?
Eicher Motors Ltd is listed on the Indian stock exchanges. It is listed on NSE: EICHERMOT and BSE: 505200. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Eicher Motors Ltd belong to?
Eicher Motors Ltd operates in the Automobiles sector within the Bikes industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Eicher Motors Ltd?
Eicher Motors Ltd has a market capitalisation of approximately ₹220682.29 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Eicher Motors Ltd?
The Price-to-Earnings (PE) ratio of Eicher Motors Ltd is 38.12. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Eicher Motors Ltd?
Over the past 52 weeks, Eicher Motors Ltd has traded between a low of ₹5,588 and a high of ₹8,230. This range helps investors understand the stock's price volatility and recent trading levels.
Does Eicher Motors Ltd pay dividends?
Yes, Eicher Motors Ltd has a dividend yield of 1.03%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Eicher Motors Ltd?
Eicher Motors Ltd has a Return on Equity (ROE) of 21.97%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Eicher Motors Ltd on Tapetide?
On Tapetide, you can view Eicher Motors Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business [1]

Website eicher.in
CEO Mr. Siddhartha Vikram Lal PGDME
Employees 5,178
Listed 2004-09-07
Face Value ₹ 1
Issued Size 27,42,99,237

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