Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505200 | NSE: EICHERMOT

Eicher Motors Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹5,441.05Overvalued by 20.29%vs CMP ₹6,826.00

P/E (34.7) × ROE (24.1%) × BV (₹805.00) × DY (1.03%)

₹3,149.31Overvalued by 53.86%vs CMP ₹6,826.00
MoS: -116.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6,860.0123%Fair (+0.5%)
Graham NumberEarnings₹1,881.0317%Over (-72.4%)
Earnings PowerEarnings₹1,181.3611%Over (-82.7%)
DCFCash Flow₹4,775.3311%Over (-30%)
Net Asset ValueAssets₹805.197%Over (-88.2%)
EV/EBITDAEnterprise₹2,368.929%Over (-65.3%)
Earnings YieldEarnings₹1,953.507%Over (-71.4%)
ROCE CapitalReturns₹1,023.407%Over (-85%)
Revenue MultipleRevenue₹1,031.926%Over (-84.9%)
Consensus (9 models)₹3,149.31100%Overvalued
Key Drivers: EPS CAGR 26.1% lifts DCF — verify sustainability. | Wide model spread (₹805–₹6,860) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 26.1%

*Investments are subject to market risks

Investment Snapshot

76
Eicher Motors Ltd scores 76/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 29.8% ExcellentROE 24.1% ExcellentD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.99% (6mo) AccumulatingDII holding down 1.91% MF sellingPromoter holding at 49.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (23% → 26%) Improving
Quarterly Momentum78/100 · Strong
Revenue (4Q): +25% YoY AcceleratingProfit (4Q): +20% YoY Positive
Industry Rank75/100 · Strong
P/E 34.7 vs industry 33.8 In-lineROCE 29.8% vs industry 22.0% Above peers3Y sales CAGR: 22% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:31 am

Market Cap 1,87,233 Cr.
Current Price 6,826
Intrinsic Value₹3,149.31
High / Low 8,233/5,000
Stock P/E34.7
Book Value 805
Dividend Yield1.03 %
ROCE29.8 %
ROE24.1 %
Face Value 1.00
PEG Ratio1.33

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Eicher Motors Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Eicher Motors Ltd 1,87,233 Cr. 6,826 8,233/5,00034.7 8051.03 %29.8 %24.1 % 1.00
TVS Motor Company Ltd 1,62,659 Cr. 3,426 3,970/2,22155.8 1710.35 %15.4 %28.4 % 1.00
Bajaj Auto Ltd 2,48,627 Cr. 8,896 10,187/7,08827.8 1,2232.36 %28.1 %22.8 % 10.0
Hero MotoCorp Ltd 1,02,486 Cr. 5,122 6,390/3,32318.5 1,0503.22 %30.3 %23.1 % 2.00
Atul Auto Ltd 1,146 Cr. 413 554/38032.2 1630.00 %6.48 %4.99 % 5.00
Industry Average140,430.20 Cr4,936.6033.80682.401.39%22.02%20.68%3.80

All Competitor Stocks of Eicher Motors Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 3,5193,7213,8043,9864,1154,1794,2564,3934,2634,9735,2415,0426,172
Expenses 2,6982,8642,8712,9663,0273,0893,1273,2283,1753,7723,9833,8394,660
Operating Profit 8228579341,0211,0871,0901,1291,1651,0881,2011,2581,2031,512
OPM % 23%23%25%26%26%26%27%27%26%24%24%24%24%
Other Income 193256379344375368437457468452628603486
Interest 78810131215121313161519
Depreciation 127135148142143148165169180179201198200
Profit before tax 8809711,1561,2121,3071,2981,3851,4411,3621,4611,6691,5931,779
Tax % 25%24%22%24%22%23%23%24%19%20%18%24%23%
Net Profit 6577419069181,0169961,0701,1011,1001,1701,3621,2051,369
EPS in Rs 24.0227.0933.1133.5837.1236.3839.1040.2040.1542.7049.6843.9549.93

Last Updated: January 2, 2026, 5:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:16 pm

MetricDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,8108,7386,1737,0338,9659,7979,1548,72010,29814,44216,53618,87022,569
Expenses 6,0947,6214,4844,8596,1566,8936,9716,9378,12010,99612,20614,14817,039
Operating Profit 7151,1181,6902,1742,8092,9042,1831,7832,1783,4464,3294,7235,529
OPM % 11%13%27%31%31%30%24%20%21%24%26%25%24%
Other Income 931053264165367015724824969081,5211,9942,182
Interest 810245719161928515467
Depreciation 130220137154223300382451452526598729810
Profit before tax 6719931,8772,4333,1163,2972,3551,7982,2033,8005,2025,9336,834
Tax % 22%29%29%30%30%33%22%25%24%23%23%20%
Net Profit 5257021,3381,6671,9602,2031,8271,3471,6772,9144,0014,7345,357
EPS in Rs 14.5722.7149.2761.2771.8980.7566.9149.2861.32106.55146.13172.69195.35
Dividend Payout % 21%22%20%16%15%15%19%34%34%35%35%41%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)17.58%12.40%-17.07%-26.27%24.50%73.76%37.30%18.32%
Change in YoY Net Profit Growth (%)0.00%-5.18%-29.47%-9.20%50.77%49.26%-36.46%-18.98%

Eicher Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:16%
3 Years:22%
TTM:15%
Compounded Profit Growth
10 Years:23%
5 Years:21%
3 Years:41%
TTM:16%
Stock Price CAGR
10 Years:14%
5 Years:24%
3 Years:24%
1 Year:33%
Return on Equity
10 Years:23%
5 Years:20%
3 Years:23%
Last Year:24%

Last Updated: September 4, 2025, 9:40 pm

Balance Sheet

Last Updated: December 4, 2025, 12:52 am

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 27272727272727272727272727
Reserves 2,0282,4893,6265,3187,0038,8919,95411,41112,58114,96318,01821,26922,059
Borrowings 845823112151187249219108288419458446
Other Liabilities 3,1973,8291,2631,5522,3412,2812,2202,9013,4243,9194,6505,4206,412
Total Liabilities 5,3376,4034,9397,0099,52211,38712,45014,55916,14019,19823,11527,17428,944
Fixed Assets 1,6562,3097908731,5021,8752,3782,4332,4242,6902,9143,4734,036
CWIP 46441994374333450312314505472555491129
Investments 8251,0783,3884,9875,5814,9235,7493,9027,72112,32113,52714,79116,512
Other Assets 2,3912,5976677752,1064,1404,0117,9095,4903,7156,1198,4198,267
Total Assets 5,3376,4034,9397,0099,52211,38712,45014,55916,14019,19823,11527,17428,944

Reserves and Borrowings Chart

Cash Flow

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7161,0471,4631,7082,4821,5751,6941,6911,5272,8233,7243,980
Cash from Investing Activity + -790-1,214-1,001-1,744-2,145-660-1,508-1,625-983-2,397-2,834-2,461
Cash from Financing Activity + -47-162-46625-262-292-858-15-593-417-844-1,399
Net Cash Flow -121-329-4-1075623-67351-50845121
Free Cash Flow 11799541,1611,7367861,1501,1768882,1492,9092,951
CFO/OP 121%119%117%109%117%86%106%120%94%104%111%107%

Free Cash Flow

MonthDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow631.00-57.001.00-110.00-149.00-185.00-247.00-218.00-106.00-285.00-415.00-454.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2723233337119811
Inventory Days 414133333146426269575755
Days Payable 94967775928974108110808590
Cash Conversion Cycle -25-31-42-40-58-40-28-39-29-14-19-24
Working Capital Days -31-35-47-55-64-42-44-30-15-14531
ROCE %22%28%51%53%49%41%25%17%18%27%31%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.20%49.18%49.15%49.15%49.14%49.11%49.10%49.09%49.08%49.07%49.06%49.06%
FIIs 28.63%30.28%28.89%30.27%28.95%28.81%27.61%25.42%25.02%25.82%26.98%27.01%
DIIs 11.19%10.03%10.48%9.73%11.04%11.84%13.67%16.11%16.55%15.67%14.62%14.64%
Government 0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%
Public 10.88%10.43%11.37%10.76%10.77%10.14%9.52%9.30%9.26%9.35%9.25%9.19%
No. of Shareholders 2,66,1682,45,4612,80,5302,48,4862,63,1322,56,9782,47,9512,46,1902,49,4832,54,1182,52,9012,60,429

Shareholding Pattern Chart

No. of Shareholders

Eicher Motors Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund 3,200,000 2.34 2279.2N/AN/AN/A
SBI Focused Fund 1,700,000 2.82 1210.83N/AN/AN/A
SBI Large Cap Fund 1,100,000 1.43 783.481,400,0002026-02-23 03:29:49-21.43%
SBI Flexicap Fund 977,000 3.01 695.87N/AN/AN/A
HDFC Focused Fund 930,000 2.52 662.39N/AN/AN/A
UTI Flexi Cap Fund 691,250 2.09 492.34698,0002026-02-23 06:54:37-0.97%
Mirae Asset Large Cap Fund 662,451 1.17 471.83799,0852026-02-23 01:16:54-17.1%
ICICI Prudential Balanced Advantage Fund 638,942 0.65 455.09646,8172026-01-24 23:50:12-1.22%
HDFC Large Cap Fund 626,173 1.13 445.99N/AN/AN/A
UTI Transportation and Logistic Fund 532,652 9.71 379.38554,5272025-12-15 01:22:52-3.94%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 172.76146.18106.5661.3349.30
Diluted EPS (Rs.) 172.37145.92106.3861.2649.24
Cash EPS (Rs.) 173.74151.60114.2675.6564.64
Book Value[Excl.RevalReserv]/Share (Rs.) 776.68659.08548.09461.16418.52
Book Value[Incl.RevalReserv]/Share (Rs.) 776.68659.08548.09461.16418.52
Revenue From Operations / Share (Rs.) 688.20603.94528.05376.66319.08
PBDIT / Share (Rs.) 219.44197.33147.6795.5881.76
PBIT / Share (Rs.) 192.84175.50128.4379.0565.27
PBT / Share (Rs.) 190.86173.64127.4078.3664.66
Net Profit / Share (Rs.) 147.14129.7895.0259.1248.14
NP After MI And SOA / Share (Rs.) 172.66146.13106.5461.3249.28
PBDIT Margin (%) 31.8832.6727.9625.3725.62
PBIT Margin (%) 28.0229.0524.3220.9820.45
PBT Margin (%) 27.7328.7524.1220.8020.26
Net Profit Margin (%) 21.3821.4817.9915.6915.08
NP After MI And SOA Margin (%) 25.0824.1920.1716.2815.44
Return on Networth / Equity (%) 22.2322.1719.4313.2911.77
Return on Capital Employeed (%) 23.0824.6022.0016.3514.95
Return On Assets (%) 17.4217.2915.1710.349.25
Long Term Debt / Equity (X) 0.010.010.000.000.00
Total Debt / Equity (X) 0.010.010.010.000.01
Asset Turnover Ratio (%) 0.750.780.850.700.68
Current Ratio (X) 1.631.151.141.883.35
Quick Ratio (X) 1.260.760.741.503.02
Inventory Turnover Ratio (X) 12.696.497.656.507.53
Dividend Payout Ratio (NP) (%) 29.5125.3119.7027.710.00
Dividend Payout Ratio (CP) (%) 25.5722.0216.6921.830.00
Earning Retention Ratio (%) 70.4974.6980.3072.290.00
Cash Earning Retention Ratio (%) 74.4377.9883.3178.170.00
Interest Coverage Ratio (X) 110.73106.19144.14139.14135.83
Interest Coverage Ratio (Post Tax) (X) 75.2570.8493.7587.0780.99
Enterprise Value (Cr.) 146638.77110181.8180025.1864605.0765487.54
EV / Net Operating Revenue (X) 7.776.665.546.277.51
EV / EBITDA (X) 24.3720.3919.8124.7229.31
MarketCap / Net Operating Revenue (X) 7.776.665.596.538.16
Retention Ratios (%) 70.4874.6880.2972.280.00
Price / BV (X) 6.896.105.385.346.22
Price / Net Operating Revenue (X) 7.776.665.596.538.16
EarningsYield 0.030.030.030.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Eicher Motors Ltd. is a Public Limited Listed company incorporated on 14/10/1982 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L34102DL1982PLC129877 and registration number is 129877. Currently Company is involved in the business activities of Manufacture of motorcycles. Company's Total Operating Revenue is Rs. 18451.46 Cr. and Equity Capital is Rs. 27.42 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - 2 & 3 WheelersOffice No.1111, 11th Floor, New Delhi Delhi 110001Contact not found
Management
NamePosition Held
Mr. Siddhartha Vikram LalExecutive Chairman
Mr. Vinod AggarwalVice Chairman & Non Exe.Dire
Mr. Govindarajan BalakrishnanManaging Director
Mr. Inder Mohan SinghIndependent Director
Mr. S MadhavanIndependent Director
Mr. Tejpreet S ChopraIndependent Director
Mr. Arun VasuIndependent Director
Mr. Ira GuptaIndependent Director

FAQ

What is the intrinsic value of Eicher Motors Ltd and is it undervalued?

As of 13 April 2026, Eicher Motors Ltd's intrinsic value is ₹3149.31, which is 53.86% lower than the current market price of ₹6,826.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (24.1 %), book value (₹805), dividend yield (1.03 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Eicher Motors Ltd?

Eicher Motors Ltd is trading at ₹6,826.00 as of 13 April 2026, with a FY2026-2027 high of ₹8,233 and low of ₹5,000. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,87,233 Cr..

How does Eicher Motors Ltd's P/E ratio compare to its industry?

Eicher Motors Ltd has a P/E ratio of 34.7, which is above the industry average of 33.80. The premium over industry average may reflect growth expectations or speculative interest.

Is Eicher Motors Ltd financially healthy?

Key indicators for Eicher Motors Ltd: ROCE of 29.8 % indicates efficient capital utilization; ROE of 24.1 % shows strong shareholder returns. Dividend yield is 1.03 %.

Is Eicher Motors Ltd profitable and how is the profit trend?

Eicher Motors Ltd reported a net profit of ₹4,734 Cr in Mar 2025 on revenue of ₹18,870 Cr. Compared to ₹1,677 Cr in Mar 2022, the net profit shows an improving trend.

Does Eicher Motors Ltd pay dividends?

Eicher Motors Ltd has a dividend yield of 1.03 % at the current price of ₹6,826.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Eicher Motors Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports