Eicher Motors Ltd

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

Eicher Motors Ltd

₹ 5,656 -0.06%
30 Jun - close price
eicher.in BSE: 505200 NSE: EICHERMOT
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

Website BSE NSE
  • Market Cap ₹ 1,55,131 Cr.
  • Current Price ₹ 5,656
  • High / Low ₹ 5,908 / 4,500
  • Stock P/E 32.8
  • Book Value ₹ 777
  • Dividend Yield 0.90 %
  • ROCE 29.8 %
  • ROE 24.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 36.7%

Cons

  • Stock is trading at 7.28 times its book value
  • Earnings include an other income of Rs.2,005 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 Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
3,193 3,397 3,519 3,721 3,804 3,986 4,115 4,179 4,256 4,393 4,263 4,973 5,241
2,436 2,566 2,698 2,864 2,871 2,966 3,027 3,089 3,127 3,228 3,175 3,772 3,983
Operating Profit 757 831 822 857 934 1,021 1,087 1,090 1,129 1,165 1,088 1,201 1,258
OPM % 24% 24% 23% 23% 25% 26% 26% 26% 27% 27% 26% 24% 24%
172 82 193 256 379 344 375 368 437 457 468 452 628
Interest 3 5 7 8 8 10 13 12 15 12 13 13 16
Depreciation 119 116 127 135 148 142 143 148 165 169 180 179 201
Profit before tax 806 792 880 971 1,156 1,212 1,307 1,298 1,385 1,441 1,362 1,461 1,669
Tax % 24% 23% 25% 24% 22% 24% 22% 23% 23% 24% 19% 20% 18%
610 611 657 741 906 918 1,016 996 1,070 1,101 1,100 1,170 1,362
EPS in Rs 22.31 22.33 24.02 27.09 33.11 33.58 37.12 36.38 39.10 40.20 40.15 42.70 49.68
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6,810 8,738 6,173 7,033 8,965 9,797 9,154 8,720 10,298 14,442 16,536 18,870
6,094 7,621 4,484 4,859 6,156 6,893 6,971 6,937 8,120 10,996 12,206 14,158
Operating Profit 715 1,118 1,690 2,174 2,809 2,904 2,183 1,783 2,178 3,446 4,329 4,712
OPM % 11% 13% 27% 31% 31% 30% 24% 20% 21% 24% 26% 25%
93 105 326 416 536 701 572 482 496 908 1,521 2,005
Interest 8 10 2 4 5 7 19 16 19 28 51 54
Depreciation 130 220 137 154 223 300 382 451 452 526 598 729
Profit before tax 671 993 1,877 2,433 3,116 3,297 2,355 1,798 2,203 3,800 5,202 5,933
Tax % 22% 29% 29% 30% 30% 33% 22% 25% 24% 23% 23% 20%
525 702 1,338 1,667 1,960 2,203 1,827 1,347 1,677 2,914 4,001 4,734
EPS in Rs 14.57 22.71 49.27 61.27 71.89 80.75 66.91 49.28 61.32 106.55 146.13 172.69
Dividend Payout % 21% 22% 20% 16% 15% 15% 19% 34% 34% 35% 35% 41%
Compounded Sales Growth
10 Years: 8%
5 Years: 16%
3 Years: 22%
TTM: 14%
Compounded Profit Growth
10 Years: 23%
5 Years: 21%
3 Years: 41%
TTM: 18%
Stock Price CAGR
10 Years: 11%
5 Years: 25%
3 Years: 27%
1 Year: 22%
Return on Equity
10 Years: 23%
5 Years: 20%
3 Years: 23%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 2,028 2,489 3,626 5,318 7,003 8,891 9,954 11,411 12,581 14,963 18,018 21,269
84 58 23 112 151 187 249 219 108 288 419 458
3,197 3,829 1,263 1,552 2,341 2,281 2,220 2,901 3,424 3,919 4,650 5,420
Total Liabilities 5,337 6,403 4,939 7,009 9,522 11,387 12,450 14,559 16,140 19,198 23,115 27,174
1,656 2,309 790 873 1,502 1,875 2,378 2,433 2,424 2,690 2,914 3,855
CWIP 464 419 94 374 333 450 312 314 505 472 555 110
Investments 825 1,078 3,388 4,987 5,581 4,923 5,749 3,902 7,721 12,321 13,527 14,791
2,391 2,597 667 775 2,106 4,140 4,011 7,909 5,490 3,715 6,119 8,419
Total Assets 5,337 6,403 4,939 7,009 9,522 11,387 12,450 14,559 16,140 19,198 23,115 27,174

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
716 1,047 1,463 1,708 2,482 1,575 1,694 1,691 1,527 2,823 3,724 3,980
-790 -1,214 -1,001 -1,744 -2,145 -660 -1,508 -1,625 -983 -2,397 -2,834 -2,483
-47 -162 -466 25 -262 -292 -858 -15 -593 -417 -844 -1,399
Net Cash Flow -121 -329 -4 -10 75 623 -673 51 -50 8 45 98

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 27 23 2 3 3 3 3 7 11 9 8 11
Inventory Days 41 41 33 33 31 46 42 62 69 57 57 55
Days Payable 94 96 77 75 92 89 74 108 110 80 85 90
Cash Conversion Cycle -25 -31 -42 -40 -58 -40 -28 -39 -29 -14 -19 -24
Working Capital Days -27 -33 -45 -49 -58 -35 -37 -23 -12 -10 8 50
ROCE % 22% 28% 51% 53% 49% 41% 25% 17% 18% 27% 31% 30%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
49.21% 49.21% 49.20% 49.20% 49.18% 49.15% 49.15% 49.14% 49.11% 49.10% 49.09% 49.08%
29.50% 30.25% 29.85% 28.63% 30.28% 28.89% 30.27% 28.95% 28.81% 27.61% 25.42% 25.02%
10.13% 9.95% 9.96% 11.19% 10.03% 10.48% 9.73% 11.04% 11.84% 13.67% 16.11% 16.55%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
11.06% 10.48% 10.88% 10.88% 10.43% 11.37% 10.76% 10.77% 10.14% 9.52% 9.30% 9.26%
No. of Shareholders 2,34,5122,38,2942,60,1612,66,1682,45,4612,80,5302,48,4862,63,1322,56,9782,47,9512,46,1902,49,483

* 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.

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