Bajaj Auto vs Eicher Motors: share price, P/E, ROE and financials compared
Bajaj Auto
Eicher Motors
Bajaj Auto and Eicher Motors at a glance
Bajaj Auto and Eicher Motors are both listed in Automobile and Auto Components. Bajaj Auto is the larger by market cap, at ₹3.0L Cr against ₹2.1L Cr for Eicher Motors (1.4 times as large). On valuation, Bajaj Auto has the lower P/E (23.3× against 36.5×). On returns and margins, Bajaj Auto has the higher ROE (35.6% against 23.8%), while Eicher Motors has the higher operating margin (25.2% against 21.0%). Over three years, Bajaj Auto has faster 3-year sales growth (+19.5% against +17.5% a year), while Eicher Motors has faster 3-year profit growth (+23.7% against +21.0% a year). Eicher Motors carries less debt for its equity, with a debt-to-equity of 0.02× against 0.70×.
Key metrics, side by side
| Metric | Bajaj AutoBAJAJ-AUTO | Eicher MotorsEICHERMOT |
|---|---|---|
| Price (₹) | 10,900.00 | 7,669.50 |
| Market cap (₹ Cr) | 2,99,536 | 2,10,544 |
| P/E | 23.3× (the lower figure, shaded) | 36.5× |
| P/B | 8.21× | 8.38× |
| Dividend yield, trailing | 1.38% (the higher figure, shaded) | 1.07% |
| ROE | 35.6% (the higher figure, shaded) | 23.8% |
| ROCE | 26.1% | 26.4% |
| Operating margin (OPM) | 21.0% | 25.2% (the higher figure, shaded) |
| Net margin (NPM) | 16.0% | 23.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +19.5% (the higher figure, shaded) | +17.5% |
| Profit CAGR 3Y | +21.0% | +23.7% (the higher figure, shaded) |
| Debt to equity | 0.70× | 0.02× (the lower figure, shaded) |
| Interest cover | 12.9× | 100.3× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 13,073 | 5,773 |
| 1Y return | +22.9% (the higher figure, shaded) | +11.3% |
| Promoter holding | 55.95% | – |
Bajaj Auto vs Eicher Motors: common questions
Which is bigger, Bajaj Auto or Eicher Motors?
By market cap, Bajaj Auto is bigger at ₹3.0L Cr, against ₹2.1L Cr for Eicher Motors (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,073 Cr for Bajaj Auto and ₹5,773 Cr for Eicher Motors.
Which has a lower P/E ratio, Bajaj Auto or Eicher Motors?
Bajaj Auto trades at a P/E of 23.3× and Eicher Motors at 36.5×. Bajaj Auto has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Bajaj Auto or Eicher Motors?
Bajaj Auto reports a return on equity of 35.6% and Eicher Motors 23.8%. Bajaj Auto has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bajaj Auto or Eicher Motors?
Over the last three years: Sales grew +19.5% a year at Bajaj Auto and +17.5% at Eicher Motors, so Bajaj Auto grew sales faster; profit grew +21.0% a year at Bajaj Auto and +23.7% at Eicher Motors, so Eicher Motors grew profit faster. Past growth doesn’t predict future growth.