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Eicher Motors Limited
(EICHERMOT)
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Rating:81Outperform
Price Target:
₹9,304.00
▲(21.97% Upside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by strong financial performance (high profitability, strong growth, and very low leverage) and supportive technical uptrend signals. These positives are partially offset by a relatively expensive valuation (high P/E and modest dividend yield), which lowers the overall attractiveness.
Positive Factors
Strong Revenue Growth
Sustained revenue expansion indicates strong demand for Royal Enfield motorcycles and continued business momentum. Growth across the company’s operating areas can support scale benefits, strengthen dealer economics, and provide a durable base for future earnings.
Negative Factors
Gross Margin Volatility
Recent gross-margin pressure indicates that pricing, product mix, input costs, or competitive conditions may be affecting unit economics. If this persists, it could limit operating leverage and reduce the earnings benefit from continued revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue expansion indicates strong demand for Royal Enfield motorcycles and continued business momentum. Growth across the company’s operating areas can support scale benefits, strengthen dealer economics, and provide a durable base for future earnings.
Read all positive factors
Eicher Motors Limited (EICHERMOT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.02T
Dividend Yield1.14%
Average Volume (3M)20.93K
Price to Earnings (P/E)34.3
Beta (1Y)1.15
Revenue Growth28.07%
EPS Growth19.24%
CountryIN
Employees5,249
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)210.43
Shares Outstanding274,521,700
10 Day Avg. Volume9,043
30 Day Avg. Volume20,934
Financial Highlights & Ratios
PEG Ratio1.97
Price to Book (P/B)7.20
Price to Sales (P/S)7.72
P/FCF Ratio44.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹8,790.00Price Target Upside15.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)232.37
Revenue Forecast (FY)₹277.81B
Eicher Motors Limited Business Overview & Revenue Model
Company Description
Eicher Motors Limited is an automotive firm that produces and markets motorcycles and commercial transportation vehicles both domestically in India and internationally. The company holds ownership of the Royal Enfield motorcycle brand, showcasing ...
How the Company Makes Money
Eicher Motors generates revenue mainly from two operating areas: (1) Royal Enfield (motorcycles) and (2) its investment in VE Commercial Vehicles (commercial vehicles and related services).
1) Royal Enfield (motorcycles and related offerings)
- M...
Eicher Motors Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.84B | 234.08B | 187.33B | 164.32B | 147.21B | 101.96B |
| Gross Profit | 92.74B | 78.62B | 82.69B | 72.96B | 63.74B | 41.06B |
| EBITDA | 84.32B | 80.14B | 44.13B | 40.93B | 36.44B | 20.06B |
| Net Income | 57.73B | 55.15B | 47.34B | 40.01B | 29.14B | 16.77B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 321.64B | 271.74B | 231.28B | 191.98B | 162.01B |
| Cash, Cash Equivalents and Short-Term Investments | 60.78B | 61.14B | 37.97B | 14.58B | 10.50B | 31.21B |
| Total Debt | 0.00 | 5.14B | 4.58B | 4.19B | 2.88B | 1.08B |
| Total Liabilities | -251.00B | 70.63B | 58.78B | 50.82B | 42.07B | 35.93B |
| Stockholders Equity | 251.00B | 251.00B | 212.96B | 180.46B | 149.90B | 126.08B |
Cash Flow | ||||||
| Free Cash Flow | 20.41B | 40.47B | 29.41B | 30.87B | 21.40B | 8.86B |
| Operating Cash Flow | 26.58B | 53.22B | 39.80B | 39.06B | 28.23B | 15.27B |
| Investing Cash Flow | -7.72B | -35.19B | -24.83B | -30.59B | -24.22B | -9.83B |
| Financing Cash Flow | -19.43B | -19.45B | -13.99B | -8.19B | -4.17B | -5.93B |
Eicher Motors Limited Technical Analysis
Negative
7628.40
Price Trends
7779.88
Negative
7490.24
Negative
7347.25
Positive
Market Momentum
-121.13
Positive
32.38
Neutral
12.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EICHERMOT, the sentiment is Negative. The current price of 7628.4 is above the 20-day moving average (MA) of 7624.48, below the 50-day MA of 7779.88, and above the 200-day MA of 7347.25, indicating a neutral trend. The MACD of -121.13 indicates Positive momentum. The RSI at 32.38 is Neutral, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EICHERMOT.
Eicher Motors Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹2.02T | 34.28 | ― | 1.14% | 28.07% | 19.24% | |
77 Outperform | ₹1.07T | 19.79 | ― | 3.44% | 25.64% | 8.11% | |
75 Outperform | ₹1.62T | 38.04 | ― | 0.93% | ― | ― | |
74 Outperform | ₹228.61B | 18.00 | ― | 0.29% | 8.44% | 45.33% | |
70 Outperform | ₹1.98T | 56.73 | ― | 0.29% | 30.24% | 43.76% | |
59 Neutral | ₹3.12T | 26.19 | ― | 1.36% | 36.91% | 54.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:EICHERMOT
Eicher Motors Limited
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304.02
4.40%
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Eicher Motors Limited Corporate Events
Eicher Motors to Meet Global Investors at Goldman Sachs Asia Leaders Conference 2026
Aug 25, 2026
Eicher Motors Limited is an Indian automotive company focused on commercial vehicles and motorcycles, best known for its Royal Enfield brand and its presence in domestic and international markets. The company targets both retail consumers and inst...
Eicher Motors shareholders clear all resolutions at 44th AGM, approve Rs 82 dividend
Aug 20, 2026
The company has reported that all resolutions proposed at its 44th Annual General Meeting on August 20, 2026 were passed with the requisite majority. Shareholders approved the audited financial statements for FY 2025-26, a dividend of Rs 82 per eq...
Eicher Motors Shareholders Approve Board Appointments at 44th AGM
Aug 20, 2026
Eicher Motors Limited announced that shareholders at the company’s 44th Annual General Meeting on August 20, 2026, approved the re-appointment of Siddhartha Vikram Lal as director, following his retirement by rotation. The AGM also ratified ...
Eicher Motors Opens SEBI-Mandated Window for Legacy Physical Share Transfers
Aug 19, 2026
Eicher Motors has announced the opening of a special one-year window from February 5, 2026 to February 4, 2027 to facilitate the transfer and dematerialisation of its physical shares bought or sold before April 1, 2019. The initiative, undertaken ...
Eicher Motors Publishes Q1 FY27 Earnings Call Recording for Investors
Jul 29, 2026
Eicher Motors Limited has notified the stock exchanges that it has published the audio recording of its recent group conference call discussing financial results for the quarter ended June 30, 2026. The call, held on July 29, 2026, is part of the ...
Eicher Motors Sets August 20 Virtual AGM, Opens Remote E-Voting Window
Jul 26, 2026
Eicher Motors Limited has announced that its 44th Annual General Meeting will be held on August 20, 2026, at 4:30 p.m. IST via video conferencing or other audio-visual means, in line with Indian company law and securities regulations. The company ...
Eicher Motors Sets August 20 Virtual AGM, Proposes Rs 82 Dividend
Jul 10, 2026
Eicher Motors Limited has announced that its 44th Annual General Meeting will be held on August 20, 2026, at 4:30 p.m. IST via video conferencing, in line with Companies Act and SEBI listing regulations, with AGM notices and annual reports to be d...
Eicher Motors Warns Shareholders on Transfer of Unclaimed Shares to IEPF
Jun 6, 2026
Eicher Motors has published newspaper notices informing shareholders that equity shares linked to dividends unpaid or unclaimed for seven consecutive years will be transferred to the Investor Education and Protection Fund Authority. The move, mand...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.