Eicher Motors

    EICHERMOT
    Auto
    ₹7530.00
    price as of 11/9/2026, 5:27:55 pm

    Market cap ₹2.07 L Cr

    P/E
    35.83
    Day range
    ₹7,530.00 – ₹7,633.00
    52-week range
    ₹6,442.00 – ₹8,230.00
    Volume
    4.44 L
    Open
    ₹7,600.00
    Prev close
    ₹7,697.00
    Promoters pledged 1.1% of their shares
    52-week range, adjusted for splits and bonuses
    ₹6,442₹8,230
    7 Apr 202627 Feb 2026
    Index membership & F&O
    NIFTY 50NIFTY 100NIFTY 200NIFTY 500NIFTY AUTOF&O lot 100

    Price history

    6M change +3.81%RSI (14) 33.4 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 62.7% today vs 53.8% average · BSE close ₹7,540

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹6,500₹7,000₹7,500₹8,000₹8,5000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long unwinding
    Near-month future
    ₹7,576.5
    Change
    -1.51%
    Basis over spot
    +₹46.37
    Futures OI (shares)
    30.1 L
    OI change
    -3.16%
    Put-call ratio
    0.87
    Max pain
    ₹7,700
    Resistance (call OI)
    ₹8,000
    Support (put OI)
    ₹7,300
    Lot size
    100

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    640066006800700072007400760078008000820084008600880090009400070,0001.4 L2.1 L2.8 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    33.6
    EPS (TTM)
    ₹210.06
    Price / Book
    8.47
    ROE (FY26)
    23.8%
    ROCE (latest year)
    31%
    Dividend yield
    1.06%
    Net margin (TTM)
    23.1%
    Current ratio
    1.90
    Debt / Equity
    0.01
    Revenue growth (5y)
    21.8%
    EPS growth (5y)
    32.5%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹7,791.1Price below₹7,925.15Price below₹7,977.65Price below₹7,744.4Price below₹7,487.64Price above₹7,366.45Price above

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +17.5%
    Profit 3Y CAGR
    +23.7%
    Revenue YoY (Jun 2026)
    +31.5%
    Profit YoY (Jun 2026)
    +21.4%
    Operating margin
    24.0%
    Net margin
    22.1%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr2.0K Cr4.0K Cr6.0K Cr8.0K Cr0%7%14%21%28%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • DII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.0K Cr-2.5K Cr0 Cr2.5K Cr5.0K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr6.5K Cr13.0K Cr19.5K Cr26.0K Cr0.0x0.0x0.0x0.0x0.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales4,1154,1794,2564,3934,2634,9735,2415,0426,1726,1146,0806,632
    Expenses3,0273,0893,1273,2283,1753,7723,9833,8394,6604,5574,5665,042
    Operating Profit1,0871,0901,1291,1651,0881,2011,2581,2031,5121,5571,5141,591
    OPM %26%26%27%27%26%24%24%24%24%25%25%24%
    Other Income375368437457468452628603486465675634
    Interest131215121313161519172022
    Depreciation143148165169180179201198200211232278
    Profit before tax1,3071,2981,3851,4411,3621,4611,6691,5931,7791,7931,9371,925
    Tax %22%23%23%24%19%20%18%24%23%21%22%24%
    Net Profit1,0169961,0701,1011,1001,1701,3621,2051,3691,4211,5201,463
    EPS in Rs₹37.12₹36.38₹39.10₹40.20₹40.15₹42.70₹49.68₹43.95₹49.93₹51.79₹55.41₹53.28

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business [1]

    Strengths

    • Company is almost debt free.
    • Company has delivered good profit growth of 32.8% CAGR over last 5 years
    • Company has been maintaining a healthy dividend payout of 38.7%

    Risks

    • Stock is trading at 8.24 times its book value
    • Earnings include an other income of Rs.2,260 Cr.

    Compounded Sales Growth

    10 Years
    +14%
    5 Years
    +22%
    3 Years
    +17%
    TTM
    +28%

    Compounded Profit Growth

    10 Years
    +15%
    5 Years
    +33%
    3 Years
    +24%
    TTM
    +20%

    Stock Price CAGR

    10 Years
    +13%
    5 Years
    +22%
    3 Years
    +31%
    1 Year
    +11%

    Return on Equity

    10 Years
    +23%
    5 Years
    +22%
    3 Years
    +24%
    Last Year
    +24%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter49.06%49.06%49.06%49.03%-0.03 pp
    FII26.98%27.01%26.77%25.52%-1.25 pp
    DII14.62%14.64%14.73%15.97%+1.24 pp
    Government0.10%0.10%0.10%0.10%0.00 pp
    Public9.25%9.19%9.35%9.40%+0.05 pp

    Filed with NSE for Jun 2026: promoters 49.02%, public 50.98% · XBRL filing

    Analysts & fund holdings

    69%
    69% recommend buy
    36 analysts cover the stock
    Valuation vs Machinery
    P/E35.8 vs 45.8
    Sector P/B6.15
    Beta0.85

    Who holds the shares, quarter by quarter

    Mutual funds 10.21% (+0.05 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters49.0%
    • Foreign institutions25.5%
    • Mutual funds10.2%
    • Insurance3.7%
    • Other domestic institutions2.2%
    • Retail6.2%
    • Others3.2%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Flexi Cap Fund1.26%2.44%+0.13 pp
    SBI Focused Fund0.51%2.17%+0.08 pp
    HDFC Focused Fund0.43%3.37%+0.27 pp
    SBI Flexicap Fund0.28%2.60%+0.23 pp
    Mirae Asset Large Cap Fund0.26%1.47%+0.37 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹82.00

      Dividend - Rs 82 Per Share

      31 Jul 2026
      ex-date
    • dividend
      ₹70.00

      Dividend - Rs 70 Per Share

      1 Aug 2025
      ex-date
    • dividend
      ₹51.00

      Dividend - Rs 51 Per Share

      7 Aug 2024
      ex-date
    • dividend
      ₹37.00

      Annual General Meeting/Dividend - Rs 37 Per Share

      14 Aug 2023
      ex-date
    • dividend
      ₹21.00

      Annual General Meeting/Dividend - Rs 21 Per Share

      12 Aug 2022
      ex-date
    • dividend
      ₹17.00

      Annual General Meeting/Dividend - Rs 17 Per Share

      9 Aug 2021
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share

      24 Aug 2020
      ex-date
    • dividend
      ₹125.00

      Interim Dividend - Rs 125 Per Share

      19 Mar 2020
      ex-date
    • dividend
      ₹125.00

      Annual General Meeting/ Dividend - Rs 125 Per Share

      24 Jul 2019
      ex-date
    • dividend
      ₹110.00

      Annual General Meeting / Dividend- Rs 110 Per Share

      2 Aug 2018
      ex-date
    • dividend
      ₹100.00

      Annual General Meeting/Dividend - Rs 100/- Per Share

      31 Jul 2017
      ex-date
    • dividend
      ₹100.00

      Interim Dividend - Rs 100/- Per Share

      22 Mar 2016
      ex-date
    • dividend
      ₹50.00

      Annual General Meeting / Dividend - Rs 50/- Per Share (Agm And Book Closure Dates Revised)

      11 Mar 2015
      ex-date
    • dividend
      ₹30.00

      Annual General Meeting/Dividend Rs 30/- Per Share

      12 Mar 2014
      ex-date
    • dividend
      ₹20.00

      Annual General Meeting/Dividend Rs 20 Per Share

      13 Mar 2013
      ex-date
    • dividend
      ₹16.00

      Dividend-Rs.16 Per Share

      13 Mar 2012
      ex-date
    • dividend
      ₹11.00

      Dividend-Rs.11/- Per Share

      8 Mar 2011
      ex-date
    • dividend
      ₹7.00

      Dividend-Rs.7/- Per Share

      5 Mar 2010
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Dividend - 50%

      20 May 2009
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Dividend - 50%

      26 May 2008
      ex-date

    Bulk & block deals

    Bought 60,405 · sold 60,405 shares
    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    12 Sept 2025MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUNDBlock sell60,405₹6,758
    12 Sept 2025SOCIETE GENERALEBlock buy60,405₹6,758

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Analyst/ Investor Meet

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Return of the Mountain G.O.AT - The OG Himalayan is back by community demand with the launch of HIMALAYAN 440

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Analyst/ Investor Meet

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Analyst/ Investor Meet

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Monthly Business Updates for the month August 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited.

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Sales volume for August 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts or Institutional Investors Meet

    Company Update
    Appointment/Re-Appointment - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

    Appointment/Re-appointment of Director at 44th AGM

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Results of 44th AGM and Scrutinizer's Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of the 44th Annual General Meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement regarding Ease of doing investment -special window for transfer of physical securities

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    A Tribute to a Time-Honoured Tradition of Valour: The Royal Enfield Classic 350 Gorkha Edition

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Royal Enfield brings new updates to the iconic Continental GT 650

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Transcript of Conference Call

    Company Update
    Announcement under Regulation 30 (LODR)-Monthly Business Updates

    Sales volume for the month of July, 2026

    Filed with BSE (scrip 505200); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    • Buyback - Corrigendum to PA

      Eicher Motors Ltd. - Corrigendum to PA

      17 Mar 2009
      Read on SEBI
    • Buyback - Letter of Offer

      Eicher Motors Ltd. - Letter of Offer

      6 Feb 2009
      Read on SEBI
    • Buyback - Public Announcement

      Eicher Motors Ltd. - Public Announcement

      6 Feb 2009
      Read on SEBI

    Regulatory orders

    • Adjudication order

      Adjudication Order in respect of Eicher Motors Limited.

      1 Jun 2022
      Read on SEBI
    • Order

      Order in the matter of complaint of Mr. Manoj Dharamdas Shah against Eicher Motors Limited

      23 Mar 2021
      Read on SEBI
    • Order

      Consent Order of in respect of Mr. P.N. Vijay in the matter of M/s. Eicher Motors Ltd

      11 Feb 2010
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 11 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.