Eicher Motors Ltd

NSE: EICHERMOT · 2/3 Wheelers · sector

₹7,099.50NSE close 2026-10-26

Key numbers

Market cap₹1,94,881 cr

Price₹7,099.50

52w high / low₹8,230 / ₹6,442

P/E33.7xSector median 33.7x

P/B7.8xSector median 7.2x

Book value₹914.4

Dividend yield0.99%Sector median 1.54%

ROE24.9%Sector median 24.9%

ROCE26.4%Sector median 18.7%

OPM24.5%Sector median 11.3%

Debt / equity0.01xSector median 0.57x

EV/EBITDA31.4xSector median 19.8x

Interest cover85.7x

Current ratio1.90x

Sales growth 3y+17.5%Sector median +17.5%

Profit growth 3y+23.7%Sector median +23.7%

PEG1.44x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in 2/3 Wheelers (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹3,088 cr vs borrowings ₹319 cr (FY26): cash is higher (net cash).
Operating profit covered interest 85.7x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 26% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹7,099.50 on 2026-10-26: -13.7% from the 52-week high, +10.2% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹8,065.00 · low ₹4,693.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	4,263	4,973	5,241	5,042	6,172	6,114	6,080	6,632
EBITDA	1,088	1,201	1,258	1,203	1,512	1,501	1,514	1,591
OPM %	25.5%	24.2%	24.0%	23.9%	24.5%	24.6%	24.9%	24.0%
Other income	354	289	380	446	351	337	352	466
Net profit	1,100	1,170	1,362	1,205	1,369	1,421	1,520	1,463
EPS (₹)	40.15	42.70	49.69	43.95	49.93	51.79	55.41	53.30
Revenue YoY					+44.8%	+22.9%	+16.0%	+31.5%
Profit YoY					+24.5%	+21.4%	+11.6%	+21.3%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	10,298	14,442	16,536	18,870	23,408	24,998
EBITDA	2,172	3,444	4,327	4,712	5,730	6,117
Net profit	1,677	2,914	4,001	4,734	5,515	5,773
EPS (₹)	61.33	106.56	146.18	172.76	201.09	210.43
Revenue growth		+40.2%	+14.5%	+14.1%	+24.0%	+28.1%
Profit growth		+73.8%	+37.3%	+18.3%	+16.5%	+19.3%
Dividend / share (₹)	17.00	21.00	37.00	51.00	70.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+17.5%	+21.8%	+28.1%
Net profit	+23.7%	+32.6%	+19.3%
EPS	+23.6%	+32.5%	–
Share price	–	+22.1% (2y)	+2.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	14,990	18,046	21,296	25,100
Borrowings	–	196	276	266	319
Cash & equivalents	–	1,077	327	1,111	3,088
Total assets	–	19,198	23,128	27,174	32,164
Fixed assets	–	2,226	2,222	2,586	2,677
Capital work in progress	–	78	212	110	203
Investments	–	12,101	10,768	10,802	10,940
Receivables	–	369	374	550	354
Inventory	–	1,278	1,410	1,564	1,968
Payables	–	1,810	2,090	2,530	2,738

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,527	2,847	3,742	3,980	4,805
Cash from investing	-983	-2,422	-2,852	-2,483	-2,964
Cash from financing	-593	-417	-844	-1,399	-1,983
Capex	641	682	819	1,039	1,275
Free cash flow	886	2,165	2,923	2,941	3,530

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	19.4%	22.2%	22.2%	22.0%
ROCE %	–	23.1%	26.2%	24.5%	25.1%
Debtor days	–	9	8	11	6
Inventory days	–	57	57	55	55
Payable days	–	80	85	90	76
Cash conversion cycle (days)	–	-14	-20	-24	-15
Working capital days	–	11	12	52	71

Shareholding

Holder	% (2026-09-30)
Promoters	49.02%
FIIs	24.02%
DIIs	17.60%
of which Mutual funds	10.35%
of which Insurance	4.88%
Government	0.00%
Public (non-institutions)	9.36%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	49.09%	49.08%	49.07%	49.06%	49.06%	49.06%	49.02%	49.02%

Promoter group	%
THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4)	43.82%
THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash)	1.77%
Simran Lal	1.15%
Tara LAL	1.15%
Siddhartha Vikram LAL	1.05%
Karvansarai Investments Private Limited	0.06%
SIDDHARTHA LAL TRUST (Mr. Vikram Lal, Mr. Siddhartha Lal & Mrs. Natasha Jamal)	0.02%
Vikram Lal	0.00%
Anita Lal	0.00%
Raul Rai	0.00%
Raghavendra Rai	0.00%
Arjuna Lal Rai	0.00%
Eicher Goodearth Private Limited	0.00%
Eicher Footwear Limited	0.00%
Shambhala Goodearth Private Limited	0.00%

Public holders above 1%	%
Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund	2.95%
Life Insurance Corporation Of India	2.93%
Sbi Nifty 50 Etf	2.50%
Nps Trust- A/C Lic Pension Fund Scheme - State Govt	1.73%
Icici Prudential Large Cap Fund	1.31%
Uti Nifty 50 Etf	1.11%

2,81,585 shareholders. Pledged: 0.00% of promoter shares.

Peers in 2/3 Wheelers

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BAJAJ-AUTO	₹2,81,484 cr	23.9x	7.2x	31.8%	26.6%	20.6%	+19.9%	2.08%
EICHERMOT	₹1,94,881 cr	33.7x	7.8x	24.9%	26.4%	24.5%	+17.5%	0.99%
TVSMOTOR	₹1,89,850 cr	55.4x	19.9x	37.9%	18.7%	14.8%	+20.6%	0.30%
HEROMOTOCO	₹1,04,032 cr	19.1x	4.8x	26.7%	34.4%	14.3%	+11.6%	3.37%
ATHERENERG	₹60,338 cr	–	23.4x	-25.4%	-10.1%	-7.4%	–	–
OLAELEC	₹13,856 cr	–	4.1x	-41.0%	-24.0%	-48.9%	–	–
ZELIO	₹2,114 cr	66.0x	23.4x	31.4%	40.4%	11.3%	–	–
WARDINMOBI	₹100 cr	83.5x	0.7x	0.7%	5.7%	7.5%	+1.1%	–
SEVL	₹37 cr	9.1x	1.0x	10.3%	16.4%	8.6%	–	–

All 9 companies in 2/3 Wheelers →

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-31	Dividend	Dividend - Rs 82 Per Share
2025-08-01	Dividend	Dividend - Rs 70 Per Share
2024-08-07	Dividend	Dividend - Rs 51 Per Share
2023-08-14	Dividend	Annual General Meeting/Dividend - Rs 37 Per Share
2022-08-12	Dividend	Annual General Meeting/Dividend - Rs 21 Per Share
2021-08-09	Dividend	Annual General Meeting/Dividend - Rs 17 Per Share
2020-08-24	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share
2020-03-19	Dividend	Interim Dividend - Rs 125 Per Share
2019-07-24	Dividend	Annual General Meeting/ Dividend - Rs 125 Per Share
2018-08-02	Dividend	Annual General Meeting / Dividend- Rs 110 Per Share
2017-07-31	Dividend	Annual General Meeting/Dividend - Rs 100/- Per Share
2016-03-22	Dividend	Interim Dividend - Rs 100/- Per Share
2015-03-11	Dividend	Annual General Meeting / Dividend - Rs 50/- Per Share (Agm And Book Closure Dates Revised)
2014-03-12	Dividend	Annual General Meeting/Dividend Rs 30/- Per Share
2013-03-13	Dividend	Annual General Meeting/Dividend Rs 20 Per Share
2012-03-13	Dividend	Dividend-Rs.16 Per Share
2011-03-08	Dividend	Dividend-Rs.11/- Per Share
2010-03-05	Dividend	Dividend-Rs.7/- Per Share
2009-05-20	Dividend	Agm/Dividend - 50%
2008-05-26	Dividend	Agm/Dividend - 50%

Documents

Links go to the original files on the exchange website.

About the company

Automobile Company: The Company is engaged in the manufacturing and sales of motorcycles, accessories, and associated products. The Company oversees a wide range of activities across the automotive industry. Additionally, the Company also sells related components, accessories and apparels, contributing to its comprehensive presence in the automotive sector


Sector	Consumer Discretionary
Industry	2/3 Wheelers
Sub-industry	2/3 Wheelers
Symbol	EICHERMOT
BSE code	505200
ISIN	INE066A01021
Face value	₹1.0
Incorporated	1982-10-14
Website	https://eicher.in
Plants (India / abroad)	4 / 7

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.