Eicher Motors
- P/E
- 34.5x
- 52-week range
- 6,442 – 8,230
- ROE
- 24%
- ROCE
- 31%
- Sector
- Automobiles
- Industry
- 2/3 Wheelers
- Listed on
- NSE, BSE
About
Eicher Motors Limited is an India-based multinational automobile company. The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of two-wheelers as well as sale of related parts and accessories. Its flagship brand Royal Enfield, which is engaged in motorcycle business. Royal Enfield's motorcycle products include Interceptor 650, Continental GT 650, Classic, Bullet and Himalayan. Royal Enfield's portfolio also includes apparels and motorcycle accessories, including protective riding apparel, riding accessories, protective seats, bodywork, controls, wheels, luggage and engine. Its commercial vehicle business is led by VE Commercial Vehicles. Its joint venture with AB Volvo, VE Commercial Vehicles Limited (VECV), includes a range of Eicher branded trucks and buses.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
2/3 Wheelers: 13 companies →Eicher Motors against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)34.5 against a typical 22: pricier than most peers (1st = cheapest).7th of 11
- Sales growth+31.5% against a typical +34.2% from a year earlier.6th of 8
- Profit growth+21.4% against a typical +21.4% from a year earlier.3rd of 5
- Share price, 3 months−6.2% against a typical −4.2%.7th of 11
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AAA /[ICRA]A1+ | Stable | 11 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 11 Dec 2025 | Reaffirmed | [ICRA]AAA /[ICRA]A1+ | — | ICRA | ₹ 310 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Financial Results/Dividend | EICHER MOTORS LIMITED has informed the Exchange about Board Meeting to be held on 22-May-2026 to consider and approve the Yearly Audited Financial results & Financial Statement of the Company for the period ended March 31, 2026 and final dividend |
| 10 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 14 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 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 | 1,087 | 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% | 27% | 27% | 26% | 24% | 24% | 24% | 24% | 25% | 25% | 24% |
| Other Income | 375 | 368 | 437 | 457 | 468 | 452 | 628 | 603 | 486 | 465 | 675 | 634 |
| Interest | 13 | 12 | 15 | 12 | 13 | 13 | 16 | 15 | 19 | 17 | 20 | 22 |
| Depreciation | 143 | 148 | 165 | 169 | 180 | 179 | 201 | 198 | 200 | 211 | 232 | 278 |
| Profit before tax | 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 % | 22% | 23% | 23% | 24% | 19% | 20% | 18% | 24% | 23% | 21% | 22% | 24% |
| Net Profit | 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 | 37.12 | 36.38 | 39.1 | 40.2 | 40.15 | 42.7 | 49.68 | 43.95 | 49.93 | 51.79 | 55.41 | 53.28 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 14%
- 5 Years
- 22%
- 3 Years
- 17%
- TTM
- 28%
- 10 Years
- 15%
- 5 Years
- 33%
- 3 Years
- 24%
- TTM
- 20%
- 10 Years
- 14%
- 5 Years
- 25%
- 3 Years
- 33%
- TTM
- —
- 10 Years
- 23%
- 5 Years
- 22%
- 3 Years
- 24%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Eicher Motors | ₹ 7,300.00 | — | 34.5x | — | 24% | — |
| Maruti Suzuki India | ₹ 11,258.95 | ₹ 3,53,984 Cr. | 29.6x | 4.1x | 14.4% | 8% |
| Hyundai Motor India | ₹ 1,850.00 | ₹ 1,50,320 Cr. | 29.8x | 8.1x | 29.9% | 7.7% |
| Tata Motors | ₹ 398.00 | ₹ 1,46,575 Cr. | 38.6x | 12x | — | 3.6% |
| Ashok Leyland | ₹ 145.95 | ₹ 85,729 Cr. | 19.7x | 6.4x | 26.2% | 6.6% |
| Force Motors | ₹ 16,391.00 | ₹ 21,362 Cr. | 23.1x | 5.7x | 33.5% | 13.4% |
Management
- Siddhartha Vikram Lal
- Executive Chairman of the Board
- Vinod Kumar Aggarwal
- Executive Vice Chairman of the Board
- Vidhya Srinivasan
- Chief Financial Officer
- Atul Sharma
- Compliance Officer, Company Secretary
- Balakrishnan Govindarajan
- Managing Director, Eicher Motors Limited and Chief Executive Officer - Royal Enfield
Prices are delayed and for information only. Nothing on this page is investment advice.