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Eicher Motors (EICHERMOT) had a P/E of 36.5× on 6 Nov 2026, above the industry P/E of 33.1×. It earns ROCE of 26% and ROE of 24%, and sales and net profit grew 17% and 24% a year over 3 years. It has almost no debt, and its dividend yield is 1.1%. It is a large-cap company with a market cap of ₹2.1 lakh crore, ranked 5th of 20 Auto Manufacturers companies by market cap; the shares rose 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹7,610.00
Day high
₹7,682.00
Day low
₹7,537.50
Prev. close
₹7,713.00
Volume
4 L

Health check

3 good · 3 fair
  • ReturnsIn line

    +11.3% over a year, better than 4 of 7 peers.

  • Price tagIn line

    P/E 36.5 vs industry 33.1.

  • GrowthSteady

    Sales +17.5%, profit +23.7% a year over 3 years.

  • ProfitabilityStrong

    ROCE 26.4% vs peer median 26.1%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Large cap

₹2.1L Cr, #5 of 20 in its industry by size.

Defensive

Beta 0.23 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹24,869 Cr · profit ₹5,773 Cr
Market cap
₹2.1L Cr
Large cap
P/E
36.5
Industry 33.1
Price to book
8.38
Peers 8.21
Dividend yield
1.06%
ROE
23.8%
Peers 26.0%
ROCE
26.4%
Peers 26.1%
Debt to equity
0.02
Debt ₹514 Cr
EPS (TTM)
₹210.15
Face value ₹1
OPM (TTM)
25.2%
Net margin 23.2%
Sales growth
+31.2%
Latest quarter vs a year ago
Profit growth
+21.3%
Latest quarter vs a year ago
Price to sales
8.47
EV/EBITDA 35.5

Strengths and risks

Strengths

  • Return on equity of 23.8%.
  • Return on capital employed of 26.4%.
  • Practically debt-free.
  • Quarterly profit up 21.3% on a year ago.
  • Quarterly sales up 31.2% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Eicher Motors

Eicher Motors Limited, an automobile company, engages in the manufacture and sale of motorcycles and commercial vehicles in India and internationally. The company designs, develops, manufactures, assembles, and sells two-wheelers, as well as related parts and accessories; motorcycle accessories; protective and performance gears; and lifestyle apparel products and accessories. It also provides motorcycle accessories; protective and performance gears;…

Headquarters
Chennai
Employees
5,302
Sector
Consumer Cyclical
ISIN
INE066A01021
Website
eicher.in

Price range

52 weeks

₹6,442.00₹8,230.00

Today

₹7,537.50₹7,682.00
Avg volume (3M)
4.1 L
1-year return
plus 11.3%
From 52-week high
minus 6.8%

Analyst consensus

38 analysts
BuyMean target ₹8,339.37 plus 8.7%

Target range, with today’s price

Low ₹6,900.00High ₹9,665.00

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.11%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.06%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.39%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.06%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.93%plus 30.2%
HEROMOTOCOHero MotoCorp5,513.00minus 0.02%1,10,34918.44.7131.9%26.9%14.0%11.7%26.9%3.36%plus 3.9%
Median of 7 peers–0.77%2,13,45724.88.2126.1%26.0%14.0%16.7%21.1%1.06%3.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
4,9466,0716,0005,9616,489
3,7434,5594,4434,4474,898
1,2031,5121,5571,5141,591
24.3%24.9%25.9%25.4%24.5%
603486520675634
14.919.217.320.221.7
198200211232278
––−55.5––
1,5931,7791,7931,9371,925
24.3%23.0%20.8%21.5%24.0%
1,2051,3691,4211,5201,463
43.8949.8551.7055.3053.30

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+17.5%
Profit CAGR 3Y
+23.7%
EPS CAGR 3Y
+23.6%
ROE
23.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,17616,23418,53822,978
–+14.5%+14.2%+23.9%
10,68411,83913,80617,181
3,4914,3954,7335,796
24.6%27.1%25.5%25.2%
5627361,1281,526
2850.954.371.5
526598729840
301719856691
3,8005,2025,9337,102
23.3%23.1%20.2%22.3%
2,9144,0014,7345,515
–+37.3%+18.3%+16.5%
106.38145.92172.37200.73

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
27.427.427.427.4
14,96318,01821,26925,073
288419458514
3,9194,6635,4206,549
19,19823,12827,17432,164
2,3802,5362,7683,027
155314182350
9,87212,55812,84813,849
1,0501,4583,9226,080
5,7406,2627,4558,857
19,19823,12827,17432,164

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,8233,7243,9804,805
−2,416−2,852−2,483−2,964
−417−844−1,399−1,983
−11.227.497.9−142
−682−819−1,039−1,275
2,1402,9052,9413,530
−574−1,013−1,397−1,920

Shareholding pattern

Source: NSE filings
49.0%
promoters
  • Promoters49.02%
  • Public50.98%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202649.02%50.98%0.00
30 Jun 202649.02%50.98%minus 0.04
31 Mar 202649.06%50.94%0.00
31 Dec 202549.06%50.94%0.00
30 Sep 202549.06%50.94%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you