MarketFriction

Eicher Motors Ltd

NSE EICHERMOT · BSE 505200 · 2/3 Wheelers
₹6,920.00 -3.22%
NSE close2026-10-01
52 week range6,442.00 - 8,230.00
Market cap₹1,97,079 Cr.
P/E33.9
Nifty 50Nifty 100Nifty 200Nifty 500Nifty AutoNifty India Consumption No price band Delivery 49.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,1154,1794,2564,3934,2634,9735,2415,0426,1726,1146,0806,632
Expenses3,0273,0893,1273,2283,1753,7723,9833,8394,6604,5574,5665,042
Operating Profit1,0871,0901,1291,1651,0881,2011,2581,2031,5121,5571,5141,591
OPM %26%26%27%27%26%24%24%24%24%25%25%24%
Other Income375368437457468452628603486465675634
Interest131215121313161519172022
Depreciation143148165169180179201198200211232278
Profit before tax1,3071,2981,3851,4411,3621,4611,6691,5931,7791,7931,9371,925
Tax %22%23%23%24%19%20%18%24%23%21%22%24%
Net Profit1,0169961,0701,1011,1001,1701,3621,2051,3691,4211,5201,463
EPS in Rs37.1236.3839.1040.2040.1542.7049.6843.9549.9351.7955.4153.28
Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,1737,0338,9659,7979,1548,72010,29814,44216,53618,87023,40824,998
Expenses4,4844,8596,1566,8936,9716,9378,12010,99612,20614,14817,61818,825
Operating Profit1,6902,1742,8092,9042,1831,7832,1783,4464,3294,7235,7896,173
OPM %27%31%31%30%24%20%21%24%26%25%25%25%
Other Income3264165367015724824969081,5211,9942,2252,260
Interest24571916192851547278
Depreciation137154223300382451452526598729840920
Profit before tax1,8772,4333,1163,2972,3551,7982,2033,8005,2025,9337,1027,434
Tax %29%30%30%33%22%25%24%23%23%20%22%
Net Profit1,3381,6671,9602,2031,8271,3471,6772,9144,0014,7345,5155,773
EPS in Rs49.2761.2771.8980.7566.9149.2861.32106.55146.13172.69201.06210.41
Dividend Payout %20%16%15%15%19%34%34%35%35%41%41%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%22%17%28%
Compounded Profit Growth15%33%24%20%
Stock Price CAGR11%21%28%2%
Return on Equity23%22%24%24%
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital272727272727272727272727
Reserves2,4893,6265,3187,0038,8919,95411,41112,58114,96318,01821,26925,073
Borrowings5823112151187249219108288419458514
Other Liabilities3,8291,2631,5522,3412,2812,2202,9013,4243,9194,6505,4206,549
Total Liabilities6,4034,9397,0099,52211,38712,45014,55916,14019,19823,11527,17432,164
Fixed Assets2,3097908731,5021,8752,3782,4332,4242,6902,9143,4733,852
CWIP41994374333450312314505472555491736
Investments1,0783,3884,9875,5814,9235,7493,9027,72112,32113,52714,79117,496
Other Assets2,5976677752,1064,1404,0117,9095,4903,7156,1198,41910,080
Total Assets6,4034,9397,0099,52211,38712,45014,55916,14019,19823,11527,17432,164
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,0471,4631,7082,4821,5751,6941,6911,5272,8233,7243,9804,805
Cash from Investing Activity-1,214-1,001-1,744-2,145-660-1,508-1,625-983-2,397-2,834-2,461-2,834
Cash from Financing Activity-162-46625-262-292-858-15-593-417-844-1,399-1,983
Net Cash Flow-329-4-1075623-67351-50845121-12
Free Cash Flow799541,1611,7367861,1501,1768882,1492,9092,9513,538
CFO/OP119%117%109%117%86%106%120%94%104%111%107%106%
Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days232333371198116
Inventory Days413333314642626957575555
Days Payable96777592897410811080859076
Cash Conversion Cycle-31-42-40-58-40-28-39-29-14-19-24-16
Working Capital Days-35-47-55-64-42-44-30-15-1453122
ROCE %28%51%53%49%41%25%17%18%27%31%30%31%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.15%49.15%49.14%49.11%49.10%49.09%49.08%49.07%49.06%49.06%49.06%49.03%
FIIs28.89%30.27%28.95%28.81%27.61%25.42%25.02%25.82%26.98%27.01%26.77%25.52%
DIIs10.48%9.73%11.04%11.84%13.67%16.11%16.55%15.67%14.62%14.64%14.73%15.97%
Government0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%
Public11.37%10.76%10.77%10.14%9.52%9.30%9.26%9.35%9.25%9.19%9.35%9.40%
No. of Shareholders2,80,5302,48,4862,63,1322,56,9782,47,9512,46,1902,49,4832,54,1182,52,9012,60,4292,80,3992,83,648

Fundamentals

Market Cap₹ 1,97,079 Cr.
Current Price₹ 7,179
Stock P/E33.9
Book Value₹ 915
ROCE30.5 %
ROE24.0 %
Dividend Yield1.14 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)28%
Compounded Profit Growth (TTM)20%
Consolidated figures.
Valuation
Market capRs 189,825 Cr
Enterprise valueRs 190,083 Cr
P/E (TTM)32.88x
Price to book7.56x
Price to sales7.59x
EV / EBITDA22.54x
EV / EBIT25.30x
EV / sales7.60x
Price to cash flow39.51x
Earnings yield3.04%
Dividend yield1.18%
P/E, 3-year average30.41x
P/B, 3-year average6.73x
P/E, 5-year average31.80x
P/B, 5-year average6.18x
Profitability
Operating margin (excl. other income)24.73%
Operating margin (incl. other income)34.24%
EBITDA margin33.73%
Pre-tax margin29.74%
Net profit margin23.09%
Net margin, latest quarter22.05%
ROE23.77%
ROCE30.29%
ROA18.59%
ROE, 3-year average24.02%
ROCE, 3-year average30.40%
ROA, 3-year average18.78%
ROE, 5-year average21.43%
ROCE, 5-year average27.35%
ROA, 5-year average16.75%
ROIC (approx.)23.01%
Tax rate22.34%
Other income / net worth8.86%
Growth
Sales growth (latest year)24.04%
Profit growth (latest year)16.49%
Sales CAGR, 3 years17.46%
Sales CAGR, 5 years21.83%
Profit CAGR, 3 years23.70%
Profit CAGR, 5 years32.57%
Sales growth QoQ9.08%
Profit growth QoQ-3.78%
Sales growth YoY (latest quarter)31.55%
Profit growth YoY (latest quarter)21.35%
Per share
EPS (TTM)Rs 210.43
EPS (latest year)Rs 201.06
EPS (latest quarter)Rs 53.32
EPS, 3-year averageRs 173.29
EPS, 5-year averageRs 137.55
Book value per shareRs 915.01
Sales per shareRs 911.30
Cash flow per shareRs 175.16
Free cash flow per shareRs 128.98
Dividend per share (latest year)Rs 82.00
Dividend per share, 3-year averageRs 67.67
Dividend per share, 5-year averageRs 52.20
Dividends
Dividend payout40.78%
Dividend payout, 3-year average38.74%
Dividend payout, 5-year average37.04%
Efficiency
Asset turnover0.73x
Fixed asset turnover6.08x
Inventory turnover6.98x
Inventory days52 days
Debtor days6 days
Debtors turnover66.21x
Creditor days76 days
Cash conversion cycle-16 days
Working capital days22 days
Leverage
Total debtRs 514 Cr
Cash and bankRs 256 Cr
Net debtRs 258 Cr
Debt to equity0.02x
Net debt / EBITDA0.03x
Interest coverage95.97x
Current ratio (filing 2026-03-31)1.90x
Quick ratio (filing 2026-03-31)1.51x
Trade payables (filing 2026-03-31)Rs 2,738 Cr
Owners' fund to total sources78.04%
Debt to assets1.60%
Cash flow
Cash from Operating Activity (latest year)Rs 4,805 Cr
Cash from Investing Activity (latest year)Rs -2,834 Cr
Cash from Financing Activity (latest year)Rs -1,983 Cr
Net Cash Flow (latest year)Rs -12 Cr
Free cash flow (latest year)Rs 3,538 Cr
FCFE (approx.: FCF + change in debt)Rs 3,594 Cr
Cash from ops / profit, 5 years0.89x
Sales to cash flow4.87x
Statement figures
Net sales (TTM)Rs 24,998 Cr
Net sales (latest year)Rs 23,408 Cr
Sales (latest quarter)Rs 6,632 Cr
Operating profit excl. other income (latest year)Rs 5,789 Cr
Operating profit (latest quarter)Rs 1,591 Cr
Other income (TTM)Rs 2,260 Cr
EBITDA (TTM)Rs 8,432 Cr
PBDT (TTM)Rs 8,354 Cr
Profit before tax (TTM)Rs 7,434 Cr
Tax (latest year)Rs 1,587 Cr
Net profit (TTM)Rs 5,773 Cr
Net profit (latest year)Rs 5,515 Cr
Net profit (latest quarter)Rs 1,463 Cr
Depreciation (TTM)Rs 920 Cr
Depreciation (latest quarter)Rs 278 Cr
Interest (TTM)Rs 78 Cr
Cost of goods sold (latest year)Rs 13,733 Cr
Total expenditure (latest year)Rs 17,618 Cr
Total income (latest year)Rs 25,632 Cr
Share capitalRs 27 Cr
ReservesRs 25,073 Cr
Shareholders' fundsRs 25,100 Cr
Total assetsRs 32,164 Cr
Net blockRs 3,852 Cr
Capital work in progressRs 736 Cr
InvestmentsRs 17,496 Cr
ReceivablesRs 354 Cr
InventoryRs 1,968 Cr
Other liabilitiesRs 6,549 Cr
Shares outstanding (crore)27.43
Ownership
Promoter holding49.03% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.9 is at the 29th percentile of its own 9.4-year range (median 37.5, low 16.3, high 63.0).
P/B 7.56 is at the 56th percentile (median 7.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodEICHERMOTNifty 50Difference
1 week-5.7%-2.8% -2.9 pts
1 month-13.2%-6.8% -6.4 pts
3 months-5.7%-7.6% +1.9 pts
6 months+5.1%+0.4% +4.7 pts
1 year-0.9%-9.9% +9.0 pts
2 years+41.8%-13.6% +55.4 pts
3 years+100.8%+14.2% +86.6 pts
5 years+149.6%+27.9% +121.7 pts
320 mutual fund schemes hold about ₹18,411 Cr. Over three months 256 bought more and 41 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Flexi Cap Fund2.44%2,774 +12%
SBI Focused Fund2.17%1,113 +10%
HDFC Focused Fund3.37%950 +15%
SBI Flexicap Fund2.60%605 +16%
Mirae Asset Large Cap Fund1.51%587 +13%
UTI Flexi Cap Fund2.27%547 +12%
HDFC Defence Fund4.16%477 +19%
Kotak Arbitrage Fund(M0.58%439 +54%
HDFC Large Cap Fund1.03%411 +16%
ICICI Pru Large Cap Fund0.51%405 -25%
ICICI Pru Large & Mid Cap Fund1.14%381 +100%
UTI Transportation & Logistics Fund7.68%333 +9%
SBI Automotive Opportunities Fund5.64%324 -13%
UTI Nifty 50 Index Fund0.99%293 +19%
HDFC Large & Mid Cap Fund0.92%277 +15%
ICICI Pru Multi Asset Allocation Fund0.30%265 -13%
HDFC Nifty 50 Index Fund0.99%241 +19%
ICICI Pru Balanced Advantage Fund(M0.32%240 +15%
SBI Arbitrage Fund0.48%229 +53%
ICICI Pru Flexi Cap Fund0.84%216 +4%
Aditya Birla SL Arbitrage Fund0.76%206 +46%
Mirae Asset Great Consumer Fund4.09%194 +14%
HDFC Transportation and Logistics Fund9.02%191 +21%
SBI ELSS Tax Saver Fund0.59%187 +100%
ICICI Pru Nifty 50 Index Fund0.99%173 +19%

Red flags

F-score 5 of 8
lookRegulator order or action Regulator order or action 2026-06-04: Eicher Motors Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-05-23Siddhartha Lal TrustPromoter Groupother28,470Rs 10.24 CrOthers
2023-05-23Siddhartha Vikram LalPromotersother28,470Rs 10.24 CrOthers
2023-03-10Siddhartha Lal TrustPromoter Groupother33,000Rs 10.26 CrOthers
2023-03-10Siddhartha Vikram LalPromotersother33,000Rs 10.26 CrOthers
2021-08-12JONATHAN P BENNETTEmployees/Designated Employeother2,750Rs 0.49 CrESOP
2021-08-12SIMON WARBURTONEmployees/Designated Employeother4,500Rs 0.66 CrESOP
2021-08-12JAMES YOUNGEmployees/Designated Employeother4,000Rs 0.52 CrESOP
2021-07-21G RAVI KUMAREmployees/Designated Employeother3,500Rs 0.89 CrRevokation of Pledge
2021-06-15T ARUL ANANDA PRABHUEmployees/Designated Employesell2,000Rs 0.56 CrMarket Sale
2021-06-07G SekarEmployees/Designated Employesell1,250Rs 0.35 CrMarket Sale
2021-06-04G RAVI KUMAREmployees/Designated Employesell400Rs 0.11 CrMarket Sale
2021-06-03G SekarEmployees/Designated Employesell500Rs 0.14 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹6,632 Cr +31.5% vs Jun 2025. Net profit ₹1,463 Cr +21.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Rs 82 Per Share
2025-08-01Dividend - Rs 70 Per Share
2024-08-07Dividend - Rs 51 Per Share
2023-08-14Annual General Meeting/Dividend - Rs 37 Per Share
2022-08-12Annual General Meeting/Dividend - Rs 21 Per Share
2021-08-09 Annual General Meeting/Dividend - Rs 17 Per Share
2020-08-24 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2020-03-19 Interim Dividend - Rs 125 Per Share
2019-07-24 Annual General Meeting/ Dividend - Rs 125 Per Share
2018-08-02 Annual General Meeting / Dividend- Rs 110 Per Share
2017-07-31 Annual General Meeting/Dividend - Rs 100/- Per Share
2016-03-22 Interim Dividend - Rs 100/- Per Share
2015-03-11Annual General Meeting / Dividend - Rs 50/- Per Share (Agm And Book Closure Dates Revised)
2014-03-12Annual General Meeting/Dividend Rs 30/- Per Share
2013-03-13Annual General Meeting/Dividend Rs 20 Per Share
2012-03-13Dividend-Rs.16 Per Share
2011-03-08Dividend-Rs.11/- Per Share
2010-03-05Dividend-Rs.7/- Per Share
2009-05-20Agm/Dividend - 50%
2008-05-26Agm/Dividend - 50%
2007-06-20Annual General Meeting
2007-03-16Div Int-40% + Spl-250% Purpose Revised
2006-06-22Agm/Dividend-40%
DateTypeWhat it says
2026-10-01Monthly updateMonthly Business Updates for the month of September 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited
2026-10-01Monthly updateMonthly Business Updates for the month of September 2026
2026-09-22General UpdatesReminder Letter to holders of physical securities for furnishing of KYC details
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "INTRODUCING THE CLASSIC 350 SIGNATURE WHITE EDITION".
2026-09-17Press ReleaseA press release dated September 17, 2026, titled "Flying Flea C6 launches in five cities in Europe and the UK: Paris, Barcelona, Rome, Berlin and Lond...
2026-09-15Concall / analyst meetSchedule of meet
2026-09-07Concall / analyst meetSchedule of meet
2026-09-04Press ReleaseA press release dated September 04, 2026, titled "RETURN OF THE MOUNTAIN G.O.A.T. - THE OG HIMALAYAN IS BACK BY COMMUNITY DEMAND WITH THE LAUNCH OF HI...
2026-09-04Concall / analyst meetSchedule of meet
2026-09-01Concall / analyst meetSchedule of meet
2026-09-01Monthly updateMonthly Business Updates for the month of August 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited
2026-09-01Monthly updateMonthly Business Updates for the month of August 2026
2026-08-25Concall / analyst meetSchedule of meet
2026-08-20General UpdatesAppointment/Re-appointment of Director at 44th AGM
2026-08-20Shareholder meetingVoting results.
2026-08-20Shareholder meetingProceedings of undefined held on August 20, 2026
2026-08-19General UpdatesNewspaper advertisement- special window for transfer of physical securities
2026-08-18Press ReleaseA press release dated August 18, 2026, titled "A Tribute to a Time-Honoured tradition of Valour: The Royal Enfield Classic 350 Gorkha Edition".
2026-08-14Press ReleaseA press release dated August 14, 2026, titled Royal Enfield brings new updates to the iconic Continental GT 650
2026-08-04Concall / analyst meetTranscript
2026-08-01Monthly updateMonthly Business Updates for the month of July 2026
2026-08-01Monthly updateMonthly Business Updates for the month of July 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher MOtors Limited
2026-07-29Concall / analyst meetLink of Recording
2026-07-29General UpdatesAppointment of Cost Auditor of the Company
2026-07-29UpdatesOpening of Trading Window.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.92
Max pain (expiry 2026-10-27)7,300
Largest call open interest at7,500
Largest put open interest at7,000
Implied volatility, at the money21.1%
Underlying at snapshot6,920.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3063
2026-09-29300
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-18NCLTM/s. Mohan Pillai & Anr. Vs M/s. Eicher Motors Ltd. & Ors.
2021-08-18NCLTM/s. IND Finance & Securities Trust Pvt. Ltd. Vs M/s. Eicher Motors Ltd. & Others
2021-08-17NCLTM/s. Mohan Pillai & Anr. Vs M/s. Eicher Motors Ltd. & Ors.
2020-11-09NCLTShri Vishwanath Agarwalla Vs Eicher Motors Limited & Ors.
2017-08-29NCLATM/s. Eicher Motors Limited VS Adesh Kaur & Ors
2017-07-28NCLATM/s. Eicher Motors Limited VS Adesh Kaur & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Eicher Motors Ltd?

Eicher Motors Ltd (EICHERMOT) has a market capitalisation of Rs 1,97,079 Cr. at the 2026-10-01 close.

What is the P/E ratio of Eicher Motors Ltd?

Eicher Motors Ltd trades at a P/E of 33.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Eicher Motors Ltd's latest quarterly results?

In the Jun 2026 quarter, Eicher Motors Ltd sales was Rs 6,632 Cr (+31.5% vs Jun 2025) and net profit was Rs 1,463 Cr.

What is the 52-week high and low of Eicher Motors Ltd?

The 52-week high is Rs 8,230.00 and the 52-week low is Rs 6,442.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03