Automobiles
Valuation | |
|---|---|
| Market Cap | 2.18 LCr |
| Price/Earnings (Trailing) | 40.66 |
| Price/Sales (Trailing) | 9.05 |
| EV/EBITDA | 31.18 |
| Price/Free Cashflow | 65.28 |
| MarketCap/EBT | 35.65 |
| Enterprise Value | 2.18 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 10.2% |
| Price Change 1M | 7.3% |
| Price Change 6M | 37.8% |
| Price Change 1Y | 63.8% |
| 3Y Cumulative Return | 34.7% |
| 5Y Cumulative Return | 23.4% |
| 7Y Cumulative Return | 21.8% |
| 10Y Cumulative Return | 15.5% |
| Revenue (TTM) |
| 24.08 kCr |
| Rev. Growth (Yr) | 22.6% |
| Earnings (TTM) | 5.36 kCr |
| Earnings Growth (Yr) | 21.4% |
Profitability | |
|---|---|
| Operating Margin | 25% |
| EBT Margin | 25% |
| Return on Equity | 23.12% |
| Return on Assets | 17.65% |
| Free Cashflow Yield | 1.53% |
| Cash Flow from Investing (TTM) | -2.48 kCr |
| Cash Flow from Operations (TTM) | 3.98 kCr |
| Cash Flow from Financing (TTM) | -1.4 kCr |
| Cash & Equivalents | 249.18 Cr |
| Free Cash Flow (TTM) | 2.94 kCr |
| Free Cash Flow/Share (TTM) | 107.22 |
Balance Sheet | |
|---|---|
| Total Assets | 28.94 kCr |
| Total Liabilities | 6.86 kCr |
| Shareholder Equity | 22.09 kCr |
| Current Assets | 8.02 kCr |
| Current Liabilities | 5.05 kCr |
| Net PPE | 2.58 kCr |
| Inventory | 1.83 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.01 |
| Debt/Equity | 0.01 |
| Interest Coverage | 91.05 |
| Interest/Cashflow Ops | 70.86 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 70 |
| Dividend Yield | 0.88% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.30% |
Momentum: Stock price has a strong positive momentum. Stock is up 7.3% in last 30 days.
Size: It is among the top 200 market size companies of india.
Growth: Awesome revenue growth! Revenue grew 26% over last year and 68% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 34.7% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 22%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
No major cons observed.
Momentum: Stock price has a strong positive momentum. Stock is up 7.3% in last 30 days.
Size: It is among the top 200 market size companies of india.
Growth: Awesome revenue growth! Revenue grew 26% over last year and 68% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 34.7% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 22%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.88% |
| Dividend/Share (TTM) | 70 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 195.36 |
Financial Health | |
|---|---|
| Current Ratio | 1.59 |
| Debt/Equity | 0.01 |
Technical Indicators | |
|---|---|
| RSI (14d) | 69.06 |
| RSI (5d) | 85.58 |
| RSI (21d) | 58.51 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated Feb 10, 2026
Lower export volumes could negatively impact standalone realization for Eicher Motors.
Despite the recent stock gains, Eicher Motors experienced a 2.56% decline over the last month.
Trading volume for Eicher Motors has been lower than the monthly average, indicating potential concern among investors.
Summary of Eicher Motors's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY '26 earnings call for Eicher Motors Limited, management provided a positive outlook, bolstered by a robust performance in both Royal Enfield and VE Commercial Vehicles (VECV). The company achieved record revenues of INR 6,172 crores, up 45% from the previous year, with an EBITDA of INR 1,512 crores, marking a 39% increase, and a PAT of INR 1,369 crores, reflecting a 25% rise.
Management highlighted several key forward-looking points:
Strong Demand: The festive season demonstrated robust market demand, with Royal Enfield selling approximately 3,27,067 motorcycles in Q2 FY '26 compared to 2,25,317 units in Q2 FY '25. This included a record of about 2.49 lakh motorcycles sold during the festive months of September and October.
Product Launches and Refreshes: New launches like the refreshed Meteor 350 and the introduction of variants contributed to the growth, alongside an expanded dealer network exceeding 2,000 stores.
Capacity Expansion: Eicher Motors will expand motorcycle production capacity from 1.2 million to approximately 1.35 million units per annum to meet growing demand, focusing particularly on the 350cc segment.
Continued Growth in VECV: VECV reported its highest-ever second-quarter sales of 21,901 units, a 5.4% increase year-on-year. The company is investing INR 544 crores for a new manufacturing facility for Volvo's 12-speed automated manual transmission.
Positive Economic Environment: Management noted that India's economic resilience, aided by GST rate rationalization, is expected to drive commercial vehicle demand. The outlook for the second half remains optimistic with anticipated growth rates in various commercial vehicle segments.
Focus on Sustainability: 98% of the energy used in plants comes from renewable sources, and Eicher Motors received awards for excellence in sustainability and corporate governance.
Overall, the company anticipates sustained growth driven by strategic product management, expanding market presence, and operational efficiency improvements.
Understand Eicher Motors ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4) | 43.86% |
| Sbi Nifty 50 Etf | 2.98% |
| Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund | 2.5% |
| THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash) | 1.77% |
| Uti Nifty 50 Etf | 1.34% |
| Government Of Singapore | 1.18% |
Detailed comparison of Eicher Motors against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| M&M | Mahindra & Mahindra | 4.47 LCr | 1.89 LCr | -1.90% | +20.30% | 25.51 | 2.36 | - | - |
| BAJAJ-AUTO | Bajaj Auto | 2.75 LCr | 59.63 kCr |
Comprehensive comparison against sector averages
EICHERMOT metrics compared to Automobiles
| Category | EICHERMOT | Automobiles |
|---|---|---|
| PE | 39.78 | 13.78 |
| PS | 8.85 | 2.02 |
| Growth | 26 % | 0.9 % |
Eicher Motors is a prominent automobile company specializing in the manufacture and sale of 2/3 wheelers and commercial vehicles in India and internationally.
With a stock ticker of EICHERMOT and a market capitalization of Rs. 154,117 Crores, the company has established a strong presence in the automotive sector.
Eicher Motors designs, develops, manufactures, assembles, and sells a variety of products, including:
The company is well-known for owning the Royal Enfield motorcycle brand, which features popular models such as the Classic 350, Bullet 350, Meteor 350, Hunter 350, Himalayan 450, Scram 411, Interceptor 650, Continental GT 650, Super Meteor 650, Shotgun 650, and Thunderbird.
Additionally, through its joint venture, Volvo Eicher Commercial Vehicles Limited, Eicher Motors manufactures and sells light and medium-duty trucks, heavy-duty trucks, and buses under both Eicher and Volvo brands. They also offer connected vehicles through the Eicher LIVE platform, as well as medium-duty base engines, engineering components, and aggregates.
Founded in 1901 and headquartered in Chennai, India, Eicher Motors has reported a trailing 12 months revenue of Rs. 19,114.9 Crores and has demonstrated its commitment to shareholders by distributing dividends with a yield of 1.77% per year. Over the last year, it returned Rs. 88 per share in dividends.
Despite diluting shareholdings by 0.3% over the past three years, Eicher Motors remains a profitable enterprise, with a reported profit of Rs. 4,442.7 crores in the last four quarters and an impressive revenue growth of 82.4% over the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
EICHERMOT vs Automobiles (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
General • 10 Feb 2026 Audio recording of conference call |
General • 10 Feb 2026 Intimation of Opening of Trading Window |
Allotment of Equity Shares • 10 Feb 2026 Intimation of Allotment of Equity Shares of the Company |
Press Release / Media Release • 10 Feb 2026 Press Release for third quarter and period ended December 31, 2025 |
Investor Presentation • 10 Feb 2026 Investor Presentation |
General • 10 Feb 2026 Capacity Addition |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Q1: Regarding the impact of GST cuts on core products like Classic and Bullet, what growth are you seeing?
A1: The Classic 350 has seen a significant growth of about 24.5% this quarter. The Meteor 350, with its new colorways, also performed well, growing by approximately 30%. The Hunter, after introducing a new color, has risen by about 41%. The Bullet 350 Battalion Black surged nearly 70% during this quarter, reflecting strong demand propelled by the GST cuts and our product refresh strategies.
Q2: How are you anticipating the motorcycle industry's growth in the second half, especially compared to the overall industry?
A2: We are not providing specific forward guidance, but demand remains robust post-GST, with sustained inquiries. October showed positive results, and we are optimistic for continued growth based on our product demand and market conditions, without indicating any slowdown.
Q3: What is the current status of channel inventory and production?
A3: During festive seasons, it's common for retail to surpass wholesale. We anticipate a gradual inventory replenishment. Production capacity is strong, and there are no alarming discrepancies in inventory levels. We focus on maintaining balanced inventory to ensure smooth operations.
Q4: Can you elaborate on capacity additions, considering you're operating near full capacity?
A4: Our current capability is about 1.3 to 1.35 million units, and we're adding modular capacity, which will be ready in the next fiscal year to meet growing demand driven by strong market interest. This debottlenecking will focus on enhancing 350cc production.
Q5: With increasing operating expenses affecting margins, can you discuss potential areas for cost reduction?
A5: Our objective is achieving absolute profitability rather than focusing solely on percentage growth. We do anticipate continued marketing and brand-building expenditures, which we believe will yield beneficial results in the long run.
Q6: Regarding profitability among subsidiaries, are there changes observed in this quarter?
A6: Profitability shifts can occur based on market mix and export timings between quarters. We are stabilizing our subsidiaries, with improving efficiencies benefiting overall profitability, though significant changes aren't expected within these numbers yet.
Q7: What is your forecast for VECV, especially regarding volume recovery?
A7: While the heavy-duty segment has faced challenges, light and medium-duty trucks are showing 9% growth. We expect a positive trend in the second half influenced by improved economic conditions and infrastructure investment.
Q8: How is customer demand adjusting post-GST changes, and are you seeing new customers?
A8: Post-GST, we've observed an increased conversion rate from inquiries to bookings, driven by both seasoned customers and new first-time buyers. The festive momentum continues into November, showing positive trends.
Q9: Are there any insights on your online sales pilot with Flipkart?
A9: The pilot is showing promising results, focusing on understanding customer behavior and optimizing the buying experience. We aim for an omnichannel approach and will analyze outcomes to refine our strategy moving forward.
Q10: What challenges do you foresee regarding electric and alternative fuel vehicles?
A10: Key hurdles include the lack of infrastructure for charging and hesitance among financiers to support electric vehicle financing. However, we're optimistic as we see gradual improvements and are actively engaging with the market dynamics for alternatives like CNG and electric.
| TARA LAL | 1.15% |
| Simran Lal | 1.15% |
| SIDDHARTHA VIKRAM LAL | 1.05% |
| KARVANSARAI INVESTMENTS PRIVATE LIMITED | 0.06% |
| SIDDHARTHA LAL TRUST (Mr. Vikram Lal, Mr. Siddhartha Lal & Mrs. Natasha Jamal) | 0.02% |
| Vikram Lal | 0% |
| Anita Lal | 0% |
| Raghavendra Rai | 0% |
| Arjuna Lal Rai | 0% |
| NATASHA JAMAL | 0% |
| ZORAVAR LAL | 0% |
| LEILA NOOR LAL | 0% |
| Employee | 0% |
| EICHER GOODEARTH PRIVATE LIMITED | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +3.00% |
| +13.00% |
| 30.91 |
| 4.61 |
| - |
| - |
| TVSMOTOR | TVS Motor Co. | 1.84 LCr | 52.51 kCr | +3.40% | +55.70% | 63.7 | 3.51 | - | - |
| TATAMOTORS | Tata Motors | 1.41 LCr | 3.72 LCr | +9.60% | -44.00% | 54.05 | 0.38 | - | - |
| ASHOKLEY | Ashok Leyland | 1.24 LCr | 54.35 kCr | +13.60% | +92.40% | 41.26 | 2.28 | - | - |
| HEROMOTOCO | Hero MotoCorp | 1.15 LCr | 45.53 kCr | 0.00% | +42.80% | 21.07 | 2.52 | - | - |
| -1.9% |
| 4,786 |
| 4,878 |
| 4,052 |
| 4,200 |
| 3,965 |
| 3,369 |
| Profit Before exceptional items and Tax | 1.3% | 1,666 | 1,644 | 1,436 | 1,421 | 1,297 | 1,248 |
| Exceptional items before tax | - | -55.45 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -2.1% | 1,610 | 1,644 | 1,436 | 1,421 | 1,297 | 1,248 |
| Current tax | -5.7% | 362 | 384 | 314 | 305 | 282 | 252 |
| Deferred tax | -58.3% | 11 | 25 | 73 | 2.49 | 8.34 | 9.62 |
| Total tax | -9% | 373 | 410 | 388 | 307 | 290 | 262 |
| Total profit (loss) for period | 3.8% | 1,421 | 1,369 | 1,205 | 1,362 | 1,170 | 1,100 |
| Other comp. income net of taxes | -59.2% | 5.9 | 13 | 76 | -230.8 | -38.62 | 48 |
| Total Comprehensive Income | 3.2% | 1,427 | 1,383 | 1,282 | 1,131 | 1,132 | 1,149 |
| Earnings Per Share, Basic | 3.8% | 51.79 | 49.93 | 43.95 | 49.69 | 42.7 | 40.15 |
| Earnings Per Share, Diluted | 3.8% | 51.7 | 49.85 | 43.89 | 49.58 | 42.61 | 40.06 |
| 11.5% |
| 1,279 |
| 1,147 |
| 935 |
| 777 |
| 804 |
| 765 |
| Finance costs | 27.8% | 24 | 19 | 13 | 10 | 9.2 | 11 |
| Depreciation and Amortization | 22.4% | 684 | 559 | 512 | 446 | 446 | 378 |
| Other expenses | 26% | 2,283 | 1,812 | 1,609 | 1,271 | 926 | 1,123 |
| Total Expenses | 17.2% | 14,392 | 12,276 | 11,198 | 8,465 | 7,288 | 7,262 |
| Profit Before exceptional items and Tax | 10% | 5,469 | 4,970 | 3,508 | 2,112 | 1,783 | 2,430 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 10% | 5,469 | 4,970 | 3,508 | 2,112 | 1,783 | 2,430 |
| Current tax | 7.6% | 1,119 | 1,040 | 809 | 521 | 493 | 549 |
| Deferred tax | -61.7% | 70 | 181 | 77 | 4.81 | -39 | -22.3 |
| Total tax | -2.6% | 1,189 | 1,221 | 886 | 526 | 454 | 527 |
| Total profit (loss) for period | 14.1% | 4,279 | 3,749 | 2,623 | 1,586 | 1,330 | 1,904 |
| Other comp. income net of taxes | -1794% | -219.84 | -10.66 | 9.95 | -9.13 | 24 | 7.02 |
| Total Comprehensive Income | 8.6% | 4,059 | 3,739 | 2,633 | 1,577 | 1,354 | 1,911 |
| Earnings Per Share, Basic | 14.1% | 156.15 | 136.98 | 95.91 | 58.02 | 48.68 | 69.75 |
| Earnings Per Share, Diluted | 14% | 155.8 | 136.75 | 95.74 | 57.96 | 48.61 | 69.716 |
| 28.4% |
| 123 |
| 96 |
| 225 |
| 210 |
| 163 |
| 74 |
| Non-current investments | -2.5% | 10,895 | 11,180 | 11,159 | 11,126 | 0 | 9,872 |
| Total non-current financial assets | 2.8% | 13,623 | 13,248 | 12,187 | 12,981 | 523 | 9,891 |
| Total non-current assets | 3.9% | 17,970 | 17,298 | 16,060 | 16,598 | 14,461 | 13,376 |
| Total assets | 7.2% | 25,817 | 24,086 | 21,543 | 20,473 | 18,574 | 16,876 |
| Borrowings, non-current | 3.8% | 191 | 184 | 170 | 163 | 151 | 63 |
| Total non-current financial liabilities | -6.3% | 253 | 270 | 213 | 204 | 190 | 106 |
| Provisions, non-current | 14.1% | 219 | 192 | 175 | 174 | 115 | 101 |
| Total non-current liabilities | 13.7% | 1,785 | 1,570 | 1,538 | 1,419 | 1,204 | 944 |
| Borrowings, current | - | 11 | 0 | 0 | 8.82 | 20 | 36 |
| Total current financial liabilities | 12.1% | 3,155 | 2,814 | 2,437 | 2,346 | 2,511 | 2,062 |
| Provisions, current | 24.2% | 150 | 121 | 126 | 98 | 190 | 154 |
| Current tax liabilities | 45.6% | 346 | 238 | 229 | 212 | 342 | 221 |
| Total current liabilities | 19.9% | 4,816 | 4,016 | 3,474 | 3,360 | 3,620 | 3,045 |
| Total liabilities | 18.2% | 6,601 | 5,587 | 5,013 | 4,779 | 4,823 | 3,989 |
| Equity share capital | 0% | 27 | 27 | 27 | 27 | 27 | 27 |
| Total equity | 3.9% | 19,216 | 18,500 | 16,531 | 15,694 | 13,751 | 12,887 |
| Total equity and liabilities | 7.2% | 25,817 | 24,086 | 21,543 | 20,473 | 18,574 | 16,876 |
| -0.4% |
| 4,909 |
| 4,931 |
| 3,564 |
| 2,084 |
| - |
| - |
| Income taxes paid (refund) | 1.1% | 1,079 | 1,067 | 757 | 514 | - | - |
| Net Cashflows From Operating Activities | -0.9% | 3,830 | 3,864 | 2,807 | 1,570 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | 118 | - | - |
| Proceeds from sales of PPE | 172.2% | 5.3 | 2.58 | 6.55 | 1.61 | - | - |
| Purchase of property, plant and equipment | 25% | 1,010 | 808 | 654 | 629 | - | - |
| Proceeds from sales of long-term assets | 18.3% | 8,291 | 7,009 | 7,781 | 0 | - | - |
| Purchase of other long-term assets | 7.9% | 10,106 | 9,362 | 9,419 | 0 | - | - |
| Dividends received | 43.6% | 136 | 95 | 41 | 27 | - | - |
| Interest received | 68.5% | 188 | 112 | 205 | 399 | - | - |
| Other inflows (outflows) of cash | 118.3% | 12 | -59.03 | 88 | -813.8 | - | - |
| Net Cashflows From Investing Activities | 17.8% | -2,477.94 | -3,014.25 | -2,395.18 | -1,137.68 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 11 | 0 | - | - |
| Proceeds from exercise of stock options | 108.7% | 97 | 47 | 0 | 6.49 | - | - |
| Proceeds from borrowings | -91.9% | 16 | 186 | 0 | 0 | - | - |
| Payments of lease liabilities | 64.3% | 24 | 15 | 13 | 13 | - | - |
| Dividends paid | 37.9% | 1,397 | 1,013 | 574 | 465 | - | - |
| Interest paid | 124.4% | 6.43 | 3.42 | 3.61 | 3.47 | - | - |
| Other inflows (outflows) of cash | -178.1% | 0 | 2.28 | 139 | 5.06 | - | - |
| Net Cashflows from Financing Activities | -65% | -1,314.73 | -796.26 | -440.83 | -474.35 | - | - |
| Effect of exchange rate on cash eq. | - | 35 | 0 | 0 | 0 | - | - |
| Net change in cash and cash eq. | 36.5% | 72 | 53 | -28.9 | -42.03 | - | - |
Analyst / Investor Meet • 03 Feb 2026 Group conference call on Tuesday, February 10, 2026, inter-alia, to discuss unaudited financial results for the third quarter and period ended December 31, 2025. |