EICHERMOTAutomobile and Auto Components

Eicher Motors Limited

2/3 Wheelers · ISIN INE066A01021 · BSE 505200 · NSE EQ · FV ₹1
Last price
₹7,494
-0.09%today
What this company does

Eicher Motors Limited operates in 2/3 Wheelers, part of the Automobile and Auto Components sector. It booked ₹6,632 cr of revenue in its latest quarter (Q1 FY27) and kept 22.1% of sales as profit. It is the 2nd largest of 6 2/3 Wheelers companies we track, by market value.

74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 37–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet90

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency66

Whether sales and profit have grown, and how steadily

Valuation46

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 22% net margin
Sales up 32% vs last year
Profit up 21% vs last year
Promoters hold 49%
No promoter shares pledged
Strong 23% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in EICHERMOT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹7,494 -0.09%
latest close · 2026-09-17
1-year return
+190.6%
52-wk low ₹2,16052-wk high ₹8,165
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio35.1High
LowAverageHigh
P/B ratio8.20High
Below bookModerateHigh
EV / EBITDA25.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.3%Strong
WeakFairStrong ▸15%
Return on capital26.2%Strong
WeakFairStrong
Net margin22.1%Strong
ThinDecentStrong
EBITDA margin31.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover82.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.90Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2.06 L cr
Book value
₹914
EPS
₹53.30
latest quarter
Net debt
₹85 cr
owes more than its cash
Enterprise value
₹2.06 L cr
EBITDA
₹8,228 cr
annualised
EBIT
₹7,118 cr
annualised
Operating margin
26.8%
Return on assets
18.2%
Earnings yield
2.85%
P/S
7.75
Sales / share
₹966.5
Tax rate
26.3%
Face value
₹1
Shares
27.5 cr
Working capital
₹4,530 cr
Current assets
₹9,554 cr
Current liabilities
₹5,024 cr
Delivery %
59.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹2,320₹3,185, midpoint ₹2,368

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹6,632 cr
Other Income₹466 cr
Total Income₹7,099 cr
Cost of Materials₹3,324 cr
Purchases of Stock-in-Trade₹261 cr
Inventory Change (±)₹294 cr
Employee Benefit Expense₹450 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹278 cr
Other Expenses₹713 cr
Total Expenses₹5,341 cr
Profit before Tax₹1,758 cr
Tax Expense₹463 cr
Share of JV / Associates₹168 cr
Net Profit₹1,463 cr
Net margin on total income20.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3,880 cr53.4%
Employee benefit expense₹450 cr6.2%
Finance costs₹22 cr0.3%
Depreciation & amortisation₹278 cr3.8%
Other expenses₹713 cr9.8%
Tax expense₹463 cr6.4%
Profit for the period₹1,463 cr20.1%
Total income ₹7,099 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6,114 cr6,080 cr6,632 cr
Total income6,451 cr6,432 cr7,099 cr
Expenses4,786 cr4,818 cr5,341 cr
Profit before tax1,610 cr1,614 cr1,758 cr
Tax373 cr417 cr463 cr
Net profit (owners' share)1,421 cr1,520 cr1,463 cr
Net margin (owners' share, on revenue)23.2%25.0%22.1%
EPS (₹)51.7955.4153.30
YoY (latest quarter): total income +29.4% · net profit +21.3%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹32,164 cr
Shareholder equity
₹25,100 cr
parent shareholders
Total debt
₹319 cr
Cash
₹234 cr
Cash flow · H1 FY26
Operating
₹2,658 cr
Investing
₹-772 cr
Financing
₹-1,943 cr
Peer comparison
2/3 Wheelers · by market value
CompanyPriceMarket capP/E
Bajaj Auto Limited₹11,500₹3.21 L cr24.9
Eicher Motors Limitedthis company₹7,494₹2.06 L cr35.1
TVS Motor Company Limited₹4,102₹1.95 L cr47.8
Hero MotoCorp Limited₹5,325₹1.07 L cr18.9
Ather Energy Limited₹1,550₹59,381 cr
Ola Electric Mobility Limited₹37₹17,026 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.09%
trailing 12 months
Dividend / share (TTM)
₹82
Last dividend
₹82
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹82 / share31 Jul 2026
Dividend₹70 / share1 Aug 2025
Dividend₹51 / share7 Aug 2024
Dividend₹37 / share14 Aug 2023
Dividend₹21 / share12 Aug 2022
Dividend₹17 / share9 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
49.0%
FII / Foreign
25.5%
DII / Domestic
16.1%
Retail / others
9.4%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSiddhartha Lal Trust · Promoter Group28,470 · ₹10.2 cr23 May 23
SoldSiddhartha Vikram Lal · Promoters28,470 · ₹10.2 cr23 May 23
BoughtSiddhartha Lal Trust · Promoter Group33,000 · ₹10.3 cr10 Mar 23
Bulk / block deals
short · NSE2715 Sep 26
short · NSE87 Sep 26
short · NSE1327 Aug 26
Stake changes
SoldUBS AG→ 2.99% · 82,6121 Oct 24
BoughtUBS Principal Capital Asia LTD→ 5.01% · 26,77016 Oct 20
BoughtNihar Joshi along with PAC · promoter→ 50.55%1 Nov 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
10.33 cr votes for, 1,138 against · 0% of mutual funds and other big investors said no
2
To declare a dividend of Rs. 82/- per equity share of face value of Re. 1/- each for the financial year ended March 31, 2026
Backed by 99% of shareholders other than promotersneeded 50%
10.34 cr votes for, 12.29 L against · 1% of mutual funds and other big investors said no
3
To appoint Mr. Siddhartha Vikram Lal (DIN: 00037645), who retires by rotation and being eligible, offers himself for re-appointment as a Director
Promoters had a personal stake in this
Backed by 91% of shareholders other than promotersneeded 50%
9.52 cr votes for, 95.05 L against · 9% of mutual funds and other big investors said no
4
To consider and approve the appointment of Mr. Vinod Kumar Aggarwal (DIN: 00038906) as Executive Vice-Chairman of the Company (in the capacity of Executive Director) with effect from May 21, 2026
Backed by 97% of shareholders other than promotersneeded 50%
10.13 cr votes for, 33.71 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 40 named members
owning 49.0% between them · as of 2026-06-30
THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4)43.83%
THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash)1.77%
Simran Lal1.15%
TARA LAL1.15%
SIDDHARTHA VIKRAM LAL1.05%
KARVANSARAI INVESTMENTS PRIVATE LIMITED0.06%
SIDDHARTHA LAL TRUST (Mr. Vikram Lal, Mr. Siddhartha Lal & Mrs. Natasha Jamal)0.02%
Anita Lalno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹86 cr to companies in the promoter group last year — about 0.5% of its ₹18,870 cr revenue and received ₹36 L back from them.
SIDDHARTHA VIKRAM LAL
Other payments to them · Short-term benefits, Post-employment benefits, Other long-term benefits
also owns 1.05% of the company
₹65 cr
company paid
EICHER GOODEARTH PRIVATE LIMITED.
Other payments to them · Corporate service charges, Rent, Expenses reimbursed/reimbursable to the Company,Security deposits receivable,Rent payable,Expenses reimbursable to the Company
₹11 cr
company paid
EICHER GOODEARTH INDIA PRIVATE LIMITED
Other payments to them · Brand fees paid
₹10 cr
company paid
EICHER GOODEARTH PRIVATE LIMITED.
Other income from them · Corporate service charges, Rent, Expenses reimbursed/reimbursable to the Company,Security deposits receivable,Rent payable,Expenses reimbursable to the Company
₹36 L
company received

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.