Eicher Motors Ltd

AI
Eicher Motors Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Eicher Motors Ltd

₹ 7,022 1.47%
05 Oct - close price
eicher.in BSE: 505200 NSE: EICHERMOT F&O
About

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]

Key Points

Business Verticals
A) Royal Enfield: [1] [2]
The company manufactures and markets motorcycles under the Royal Enfield brand. Its portfolio includes motorcycles such as the Classic 350, Bullet 350, Meteor 350, Hunter 350, Scram series, and Himalayan 450, along with riding gear, lifestyle apparel, and motorcycle accessories.

Website BSE NSE F&O
  • Market Cap ₹ 1,91,928 Cr.
  • Current Price ₹ 7,022
  • High / Low ₹ 8,233 / 6,439
  • Stock P/E 33.0
  • Book Value ₹ 915
  • Dividend Yield 1.17 %
  • ROCE 30.5 %
  • ROE 24.0 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • 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%

Cons

  • Stock is trading at 7.67 times its book value
  • Earnings include an other income of Rs.2,260 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Automobiles 2/3 Wheelers

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
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
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%
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
Profit before tax 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%
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 39.10 40.20 40.15 42.70 49.68 43.95 49.93 51.79 55.41 53.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
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
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%
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
Profit before tax 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%
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 61.32 106.55 146.13 172.69 201.06 210.41
Dividend Payout % 22% 20% 16% 15% 15% 19% 34% 34% 35% 35% 41% 41%
Compounded Sales Growth
10 Years: 14%
5 Years: 22%
3 Years: 17%
TTM: 28%
Compounded Profit Growth
10 Years: 15%
5 Years: 33%
3 Years: 24%
TTM: 20%
Stock Price CAGR
10 Years: 11%
5 Years: 21%
3 Years: 27%
1 Year: 1%
Return on Equity
10 Years: 23%
5 Years: 22%
3 Years: 24%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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
58 23 112 151 187 249 219 108 288 419 458 514
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
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
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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,047 1,463 1,708 2,482 1,575 1,694 1,691 1,527 2,823 3,724 3,980 4,805
-1,214 -1,001 -1,744 -2,145 -660 -1,508 -1,625 -983 -2,397 -2,834 -2,461 -2,834
-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%

Ratios

Consolidated / View Standalone

Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 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%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Royal Enfield total motorcycle volumes
units

Log in to view insights

Please log in to see hidden values.

Login
VECV total truck and bus volumes
units ・Standalone data
VECV Light and Medium Duty (LMD) trucks market share in India
% ・Standalone data
Royal Enfield annual production capacity
units per annum
Royal Enfield global premium touchpoints
count
Royal Enfield mid-size (250-750cc) motorcycle market share in India
%
VECV distribution touchpoints (dealership + service network)
count ・Standalone data
Royal Enfield international (export) motorcycle volumes
units
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
49.15% 49.15% 49.14% 49.11% 49.10% 49.09% 49.08% 49.07% 49.06% 49.06% 49.06% 49.03%
28.89% 30.27% 28.95% 28.81% 27.61% 25.42% 25.02% 25.82% 26.98% 27.01% 26.77% 25.52%
10.48% 9.73% 11.04% 11.84% 13.67% 16.11% 16.55% 15.67% 14.62% 14.64% 14.73% 15.97%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
11.37% 10.76% 10.77% 10.14% 9.52% 9.30% 9.26% 9.35% 9.25% 9.19% 9.35% 9.40%
No. of Shareholders 2,80,5302,48,4862,63,1322,56,9782,47,9512,46,1902,49,4832,54,1182,52,9012,60,4292,80,3992,83,648

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls