Eicher Motors Limited (IN:EICHERMOT)
:EICHERMOT
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Eicher Motors Limited
(EICHERMOT)
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Rating:69Neutral
Price Target:
₹7,811.00
▲(9.32% Upside)
Action:DowngradedDate:04/09/26
The score is primarily supported by strong financial performance (growth, high profitability, and low leverage). Offsetting this, technical indicators point to weak near-term momentum, and valuation is relatively rich with only a modest dividend yield.
Positive Factors
High profitability and margins
Sustained high gross and net margins reflect durable pricing power for Royal Enfield and efficient operations across businesses. Strong operating margins support internal investment, R&D and brand building while providing a structural cushion through industry cycles and commodity swings.
Negative Factors
Concentration in Royal Enfield motorcycle business
Heavy revenue dependence on the Royal Enfield franchise creates structural concentration risk: product lifecycle timing, shifts in two-wheeler demand, or brand fatigue could materially affect revenue and margins. Limited product diversification raises sensitivity to motorcycle market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
Sustained high gross and net margins reflect durable pricing power for Royal Enfield and efficient operations across businesses. Strong operating margins support internal investment, R&D and brand building while providing a structural cushion through industry cycles and commodity swings.
Read all positive factors
Eicher Motors Limited (EICHERMOT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.04T
Dividend Yield0.96%
Average Volume (3M)13.87K
Price to Earnings (P/E)35.3
Beta (1Y)1.09
Revenue Growth25.37%
EPS Growth19.52%
CountryIN
Employees5,249
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)53.40
Shares Outstanding274,314,200
10 Day Avg. Volume5,987
30 Day Avg. Volume13,869
Financial Highlights & Ratios
PEG Ratio1.69
Price to Book (P/B)6.84
Price to Sales (P/S)7.78
P/FCF Ratio49.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹8,215.00Price Target Upside14.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)232.64
Revenue Forecast (FY)₹265.84B
Eicher Motors Limited Business Overview & Revenue Model
Company Description
Eicher Motors Limited, an automobile company, manufactures and sells motorcycles and commercial vehicles in India and internationally. It owns the Royal Enfield motorcycle brand that offers Classic, Bullet, Himalayan, Interceptor INT 650, Classic ...
How the Company Makes Money
Eicher Motors primarily makes money through (1) motorcycle and related sales under the Royal Enfield brand and (2) earnings from its commercial vehicle business conducted through VE Commercial Vehicles (VECV), a joint venture with Volvo Group.
Ro...
Eicher Motors Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
80
Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 211.90B | 187.33B | 164.32B | 147.21B | 101.96B | 86.76B |
| Gross Profit | 90.77B | 82.69B | 72.96B | 63.74B | 41.06B | 34.53B |
| EBITDA | 53.62B | 44.13B | 40.93B | 36.44B | 20.06B | 16.65B |
| Net Income | 51.07B | 47.34B | 40.01B | 29.14B | 16.77B | 13.47B |
Balance Sheet | ||||||
| Total Assets | 289.44B | 271.74B | 231.28B | 191.98B | 162.01B | 145.59B |
| Cash, Cash Equivalents and Short-Term Investments | 48.70B | 37.97B | 14.58B | 10.50B | 31.21B | 68.95B |
| Total Debt | 4.46B | 4.58B | 4.19B | 2.88B | 1.08B | 2.19B |
| Total Liabilities | 68.58B | 58.78B | 50.82B | 42.07B | 35.93B | 31.21B |
| Stockholders Equity | 220.86B | 212.96B | 180.46B | 149.90B | 126.08B | 114.38B |
Cash Flow | ||||||
| Free Cash Flow | 20.41B | 29.41B | 30.87B | 21.40B | 8.86B | 11.59B |
| Operating Cash Flow | 26.58B | 39.80B | 39.06B | 28.23B | 15.27B | 16.91B |
| Investing Cash Flow | -7.72B | -24.83B | -30.59B | -24.22B | -9.83B | -16.25B |
| Financing Cash Flow | -19.43B | -13.99B | -8.19B | -4.17B | -5.93B | -147.60M |
Eicher Motors Limited Technical Analysis
Positive
7144.90
Price Trends
7310.75
Negative
7251.97
Negative
6743.71
Positive
Market Momentum
-146.22
Negative
52.26
Neutral
72.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EICHERMOT, the sentiment is Positive. The current price of 7144.9 is above the 20-day moving average (MA) of 6893.27, below the 50-day MA of 7310.75, and above the 200-day MA of 6743.71, indicating a neutral trend. The MACD of -146.22 indicates Negative momentum. The RSI at 52.26 is Neutral, neither overbought nor oversold. The STOCH value of 72.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:EICHERMOT.
Eicher Motors Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹1.09T | 22.77 | ― | 2.90% | 5.18% | 27.60% | |
71 Outperform | ₹1.82T | 52.46 | ― | 0.27% | 16.89% | 38.92% | |
69 Neutral | ₹2.04T | 35.30 | ― | 0.96% | 25.37% | 19.52% | |
65 Neutral | ₹1.46T | 37.82 | ― | 0.91% | -0.35% | -4.21% | |
64 Neutral | ₹2.74T | 23.74 | ― | 2.31% | 11.83% | 13.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
IN:EICHERMOT
Eicher Motors Limited
7,421.25
2,139.46
40.51%
IN:BAJAJ.AUTO
Bajaj Auto Limited
9,813.65
2,238.04
29.54%
IN:HEROMOTOCO
Hero Motocorp Limited
5,468.45
1,926.29
54.38%
IN:HYUNDAI
Hyundai Motor India Limited
1,795.90
182.13
11.29%
IN:TVSMOTOR
TVS Motor Company Limited
3,838.65
1,334.71
53.30%
Eicher Motors Limited Corporate Events
Eicher Motors Posts 23% Full-Year Volume Growth on Strong Royal Enfield Demand
Apr 1, 2026
Eicher Motors reported that Royal Enfield motorcycle sales in March 2026 rose to 112,334 units, up 11% from 101,021 units a year earlier, driven mainly by a 12% increase in models up to 350cc and a 5% rise in bikes above 350cc. For the full year f...
Eicher’s VECV Posts Double-Digit February Volume Growth on Strong Truck Demand
Mar 1, 2026
Eicher Motors’ subsidiary VE Commercial Vehicles reported a strong rise in sales volumes for February 2026, underscoring robust momentum in its commercial vehicle franchise. Total VECV volumes, including EVs and Volvo-branded trucks and buse...
Eicher Motors Posts Double-Digit February Sales Growth on Strong 350cc Segment
Mar 1, 2026
Eicher Motors reported that its total Royal Enfield motorcycle sales rose to 100,905 units in February 2026, an 11% increase year-on-year, driven largely by a 16% rise in models with engine capacity up to 350cc. Sales of models above 350cc decline...
Eicher Motors Posts 14% Rise in January Motorcycle Sales, Export Volumes Surge
Feb 1, 2026
Eicher Motors reported a strong 14% year-on-year increase in total motorcycle sales to 104,322 units in January 2026, driven predominantly by an 18% rise in models with engine capacity up to 350cc, while sales of larger bikes above 350cc dipped 8%...
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.