Eicher Motors Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 10, 2025, 6:45 am

Market Cap	1,45,965 Cr.
Current Price	5,324
High / Low	5,908/4,254
Stock P/E	32.8
Book Value	692
Dividend Yield	0.96 %
ROCE	31.1 %
ROE	24.2 %
Face Value	1.00
PEG Ratio	1.22

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Eicher Motors Ltd

Competitors of Eicher Motors Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hero MotoCorp Ltd	77,082 Cr.	3,854	6,246/3,323	18.6	951	2.98 %	29.1 %	22.0 %	2.00
Bajaj Auto Ltd	2,14,540 Cr.	7,682	12,774/7,088	28.5	1,109	1.04 %	33.5 %	26.5 %	10.0
Atul Auto Ltd	1,244 Cr.	448	844/407	67.8	159	0.00 %	6.52 %	4.26 %	5.00
TVS Motor Company Ltd	1,26,549 Cr.	2,664	2,958/1,975	57.3	179	0.38 %	19.4 %	28.9 %	1.00
Eicher Motors Ltd	1,45,965 Cr.	5,324	5,908/4,254	32.8	692	0.96 %	31.1 %	24.2 %	1.00
Industry Average	113,076.00 Cr	3,994.40		41.00	618.00	1.07%	23.92%	21.17%	3.80

All Competitor Stocks of Eicher Motors Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	2,881	3,193	3,397	3,519	3,721	3,804	3,986	4,115	4,179	4,256	4,393	4,263	4,973
Expenses	2,298	2,436	2,566	2,698	2,864	2,871	2,966	3,027	3,089	3,127	3,228	3,175	3,772
Operating Profit	582	757	831	822	857	934	1,021	1,087	1,090	1,129	1,165	1,088	1,201
OPM %	20%	24%	24%	23%	23%	25%	26%	26%	26%	27%	27%	26%	24%
Other Income	128	172	82	193	256	379	344	375	368	437	457	468	452
Interest	6	3	5	7	8	8	10	13	12	15	12	13	13
Depreciation	111	119	116	127	135	148	142	143	148	165	169	180	179
Profit before tax	593	806	792	880	971	1,156	1,212	1,307	1,298	1,385	1,441	1,362	1,461
Tax %	23%	24%	23%	25%	24%	22%	24%	22%	23%	23%	24%	19%	20%
Net Profit	456	610	611	657	741	906	918	1,016	996	1,070	1,101	1,100	1,170
EPS in Rs	16.68	22.31	22.33	24.02	27.09	33.11	33.58	37.12	36.38	39.10	40.20	40.15	42.70

Last Updated: February 28, 2025, 8:44 pm

Below is a detailed analysis of the quarterly data for Eicher Motors Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 4,973.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,263.00 Cr. (Sep 2024) to 4,973.00 Cr., marking an increase of 710.00 Cr..
For Expenses, as of Dec 2024, the value is 3,772.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,175.00 Cr. (Sep 2024) to 3,772.00 Cr., marking an increase of 597.00 Cr..
For Operating Profit, as of Dec 2024, the value is 1,201.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,088.00 Cr. (Sep 2024) to 1,201.00 Cr., marking an increase of 113.00 Cr..
For OPM %, as of Dec 2024, the value is 24.00%. The value appears to be declining and may need further review. It has decreased from 26.00% (Sep 2024) to 24.00%, marking a decrease of 2.00%.
For Other Income, as of Dec 2024, the value is 452.00 Cr.. The value appears to be declining and may need further review. It has decreased from 468.00 Cr. (Sep 2024) to 452.00 Cr., marking a decrease of 16.00 Cr..
For Interest, as of Dec 2024, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 13.00 Cr..
For Depreciation, as of Dec 2024, the value is 179.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 180.00 Cr. (Sep 2024) to 179.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 1,461.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,362.00 Cr. (Sep 2024) to 1,461.00 Cr., marking an increase of 99.00 Cr..
For Tax %, as of Dec 2024, the value is 20.00%. The value appears to be increasing, which may not be favorable. It has increased from 19.00% (Sep 2024) to 20.00%, marking an increase of 1.00%.
For Net Profit, as of Dec 2024, the value is 1,170.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,100.00 Cr. (Sep 2024) to 1,170.00 Cr., marking an increase of 70.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 42.70. The value appears strong and on an upward trend. It has increased from 40.15 (Sep 2024) to 42.70, marking an increase of 2.55.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:27 pm

Metric	Dec 2012	Dec 2013	Dec 2014	Mar 2016n n 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	6,390	6,810	8,738	6,173	7,033	8,965	9,797	9,154	8,720	10,298	14,442	16,536	17,885
Expenses	5,840	6,094	7,621	4,484	4,859	6,156	6,893	6,971	6,937	8,120	10,996	12,206	13,302
Operating Profit	550	715	1,118	1,690	2,174	2,809	2,904	2,183	1,783	2,178	3,446	4,329	4,583
OPM %	9%	11%	13%	27%	31%	31%	30%	24%	20%	21%	24%	26%	26%
Other Income	136	93	105	326	416	536	701	572	482	496	908	1,521	1,813
Interest	4	8	10	2	4	5	7	19	16	19	28	51	54
Depreciation	82	130	220	137	154	223	300	382	451	452	526	598	693
Profit before tax	600	671	993	1,877	2,433	3,116	3,297	2,355	1,798	2,203	3,800	5,202	5,649
Tax %	21%	22%	29%	29%	30%	30%	33%	22%	25%	24%	23%	23%
Net Profit	475	525	702	1,338	1,667	1,960	2,203	1,827	1,347	1,677	2,914	4,001	4,443
EPS in Rs	12.01	14.57	22.71	49.27	61.27	71.89	80.75	66.91	49.28	61.32	106.55	146.13	162.15
Dividend Payout %	17%	21%	22%	20%	16%	15%	15%	19%	34%	34%	35%	35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	17.58%	12.40%	-17.07%	-26.27%	24.50%	73.76%	37.30%
Change in YoY Net Profit Growth (%)	0.00%	-5.18%	-29.47%	-9.20%	50.77%	49.26%	-36.46%

Eicher Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	11%
3 Years:	24%
TTM:	11%

Compounded Profit Growth
10 Years:	27%
5 Years:	13%
3 Years:	44%
TTM:	16%

Stock Price CAGR
10 Years:	11%
5 Years:	30%
3 Years:	30%
1 Year:	14%

Return on Equity
10 Years:	23%
5 Years:	19%
3 Years:	20%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:49 am

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	1,728	2,028	2,489	3,626	5,318	7,003	8,891	9,954	11,411	12,581	14,963	18,018	18,952
Borrowings	23	84	58	23	112	151	187	249	219	108	288	419	404
Other Liabilities	2,694	3,197	3,829	1,263	1,552	2,341	2,281	2,220	2,901	3,424	3,919	4,650	4,997
Total Liabilities	4,471	5,337	6,403	4,939	7,009	9,522	11,387	12,450	14,559	16,140	19,198	23,115	24,380
Fixed Assets	992	1,656	2,309	790	873	1,502	1,875	2,378	2,433	2,424	2,690	2,914	3,490
CWIP	504	464	419	94	374	333	450	312	314	505	472	555	230
Investments	638	825	1,078	3,388	4,987	5,581	4,923	5,749	3,902	7,721	12,321	13,527	14,693
Other Assets	2,337	2,391	2,597	667	775	2,106	4,140	4,011	7,909	5,490	3,715	6,119	5,968
Total Assets	4,471	5,337	6,403	4,939	7,009	9,522	11,387	12,450	14,559	16,140	19,198	23,115	24,380

Below is a detailed analysis of the balance sheet data for Eicher Motors Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 27.00 Cr..
For Reserves, as of Sep 2024, the value is ₹18,952.00 Cr.. The value appears strong and on an upward trend. It has increased from 18,018.00 Cr. (Mar 2024) to ₹18,952.00 Cr., marking an increase of 934.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹404.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 419.00 Cr. (Mar 2024) to ₹404.00 Cr., marking a decrease of 15.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,997.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,650.00 Cr. (Mar 2024) to ₹4,997.00 Cr., marking an increase of 347.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹24,380.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23,115.00 Cr. (Mar 2024) to ₹24,380.00 Cr., marking an increase of 1,265.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹3,490.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,914.00 Cr. (Mar 2024) to ₹3,490.00 Cr., marking an increase of 576.00 Cr..
For CWIP, as of Sep 2024, the value is ₹230.00 Cr.. The value appears to be declining and may need further review. It has decreased from 555.00 Cr. (Mar 2024) to ₹230.00 Cr., marking a decrease of 325.00 Cr..
For Investments, as of Sep 2024, the value is ₹14,693.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,527.00 Cr. (Mar 2024) to ₹14,693.00 Cr., marking an increase of 1,166.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹5,968.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,119.00 Cr. (Mar 2024) to ₹5,968.00 Cr., marking a decrease of 151.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹24,380.00 Cr.. The value appears strong and on an upward trend. It has increased from 23,115.00 Cr. (Mar 2024) to ₹24,380.00 Cr., marking an increase of 1,265.00 Cr..

Notably, the Reserves (18,952.00 Cr.) exceed the Borrowings (404.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	496	716	1,047	1,463	1,708	2,482	1,575	1,694	1,691	1,527	2,823	3,724
Cash from Investing Activity +	-773	-790	-1,214	-1,001	-1,744	-2,145	-660	-1,508	-1,625	-983	-2,397	-2,834
Cash from Financing Activity +	-111	-47	-162	-466	25	-262	-292	-858	-15	-593	-417	-844
Net Cash Flow	-388	-121	-329	-4	-10	75	623	-673	51	-50	8	45

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016n n 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	527.00	631.00	-57.00	1.00	-110.00	-149.00	-185.00	-247.00	-218.00	-106.00	-285.00	-415.00

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

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	25	27	23	2	3	3	3	3	7	11	9	8
Inventory Days	39	41	41	33	33	31	46	42	62	69	57	57
Days Payable	76	94	96	77	75	92	89	74	108	110	80	85
Cash Conversion Cycle	-12	-25	-31	-42	-40	-58	-40	-28	-39	-29	-14	-19
Working Capital Days	-20	-27	-33	-45	-49	-58	-35	-37	-23	-12	-10	8
ROCE %	22%	22%	28%	51%	53%	49%	41%	25%	17%	18%	27%	31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	49.22%	49.21%	49.21%	49.21%	49.20%	49.20%	49.18%	49.15%	49.15%	49.14%	49.11%	49.10%
FIIs	29.45%	29.22%	29.50%	30.25%	29.85%	28.63%	30.28%	28.89%	30.27%	28.95%	28.81%	27.61%
DIIs	9.73%	9.95%	10.13%	9.95%	9.96%	11.19%	10.03%	10.48%	9.73%	11.04%	11.84%	13.67%
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	11.50%	11.52%	11.06%	10.48%	10.88%	10.88%	10.43%	11.37%	10.76%	10.77%	10.14%	9.52%
No. of Shareholders	2,71,075	2,63,479	2,34,512	2,38,294	2,60,161	2,66,168	2,45,461	2,80,530	2,48,486	2,63,132	2,56,978	2,47,951

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Blue Chip Fund	2,510,540	2.58	1188.35	2,510,540	2025-04-22 16:18:30	0%
SBI Nifty 50 ETF	2,483,288	0.65	1175.45	2,483,288	2025-04-22 16:18:30	0%
ICICI Prudential Balanced Advantage Fund	943,591	0.79	446.64	943,591	2025-04-22 16:18:30	0%
ICICI Prudential Flexicap Fund	931,725	2.96	441.03	931,725	2025-04-22 16:18:30	0%
Mirae Asset Large & Midcap Fund	736,450	0.99	348.59	736,450	2025-04-22 16:18:30	0%
UTI Nifty 50 ETF	716,345	0.65	339.08	716,345	2025-04-22 16:18:30	0%
UTI Flexi Cap Fund	610,440	1.21	288.95	610,440	2025-04-22 16:18:30	0%
UTI Transportation and Logistic Fund	582,702	8.03	275.82	582,702	2025-04-22 16:18:30	0%
Mirae Asset ELSS Tax Saver Fund	516,206	1.08	244.34	516,206	2025-04-22 16:18:30	0%
HDFC Manufacturing Fund	453,572	2.08	214.7	453,572	2025-04-22 05:49:24	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	146.18	106.56	61.33	49.30	669.52
Diluted EPS (Rs.)	145.92	106.38	61.26	49.24	669.19
Cash EPS (Rs.)	151.60	114.26	75.65	64.64	797.53
Book Value[Excl.RevalReserv]/Share (Rs.)	659.08	548.09	461.16	418.52	3656.02
Book Value[Incl.RevalReserv]/Share (Rs.)	659.08	548.09	461.16	418.52	3656.02
Revenue From Operations / Share (Rs.)	603.94	528.05	376.66	319.08	3352.96
PBDIT / Share (Rs.)	197.33	147.67	95.58	81.76	997.65
PBIT / Share (Rs.)	175.50	128.43	79.05	65.27	857.90
PBT / Share (Rs.)	173.64	127.40	78.36	64.66	850.98
Net Profit / Share (Rs.)	129.78	95.02	59.12	48.14	657.78
NP After MI And SOA / Share (Rs.)	146.13	106.54	61.32	49.28	669.39
PBDIT Margin (%)	32.67	27.96	25.37	25.62	29.75
PBIT Margin (%)	29.05	24.32	20.98	20.45	25.58
PBT Margin (%)	28.75	24.12	20.80	20.26	25.38
Net Profit Margin (%)	21.48	17.99	15.69	15.08	19.61
NP After MI And SOA Margin (%)	24.19	20.17	16.28	15.44	19.96
Return on Networth / Equity (%)	22.17	19.43	13.29	11.77	18.30
Return on Capital Employeed (%)	24.60	22.00	16.35	14.95	22.46
Return On Assets (%)	17.29	15.17	10.34	9.25	14.67
Long Term Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.01	0.01	0.00	0.01	0.01
Asset Turnover Ratio (%)	0.78	0.85	0.70	0.68	0.82
Current Ratio (X)	1.15	1.14	1.88	3.35	3.15
Quick Ratio (X)	0.76	0.74	1.50	3.02	2.87
Inventory Turnover Ratio (X)	6.49	7.65	6.50	7.53	8.10
Dividend Payout Ratio (NP) (%)	25.31	19.70	27.71	0.00	37.34
Dividend Payout Ratio (CP) (%)	22.02	16.69	21.83	0.00	30.89
Earning Retention Ratio (%)	74.69	80.30	72.29	0.00	62.66
Cash Earning Retention Ratio (%)	77.98	83.31	78.17	0.00	69.11
Interest Coverage Ratio (X)	106.19	144.14	139.14	135.83	144.26
Interest Coverage Ratio (Post Tax) (X)	70.84	93.75	87.07	80.99	96.11
Enterprise Value (Cr.)	110181.81	80025.18	64605.07	65487.54	32921.90
EV / Net Operating Revenue (X)	6.66	5.54	6.27	7.51	3.60
EV / EBITDA (X)	20.39	19.81	24.72	29.31	12.09
MarketCap / Net Operating Revenue (X)	6.66	5.59	6.53	8.16	3.90
Retention Ratios (%)	74.68	80.29	72.28	0.00	62.65
Price / BV (X)	6.10	5.38	5.34	6.22	3.58
Price / Net Operating Revenue (X)	6.66	5.59	6.53	8.16	3.90
EarningsYield	0.03	0.03	0.02	0.01	0.05

After reviewing the key financial ratios for Eicher Motors Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 146.18. This value is within the healthy range. It has increased from 106.56 (Mar 23) to 146.18, marking an increase of 39.62.
For Diluted EPS (Rs.), as of Mar 24, the value is 145.92. This value is within the healthy range. It has increased from 106.38 (Mar 23) to 145.92, marking an increase of 39.54.
For Cash EPS (Rs.), as of Mar 24, the value is 151.60. This value is within the healthy range. It has increased from 114.26 (Mar 23) to 151.60, marking an increase of 37.34.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 659.08. It has increased from 548.09 (Mar 23) to 659.08, marking an increase of 110.99.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 659.08. It has increased from 548.09 (Mar 23) to 659.08, marking an increase of 110.99.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 603.94. It has increased from 528.05 (Mar 23) to 603.94, marking an increase of 75.89.
For PBDIT / Share (Rs.), as of Mar 24, the value is 197.33. This value is within the healthy range. It has increased from 147.67 (Mar 23) to 197.33, marking an increase of 49.66.
For PBIT / Share (Rs.), as of Mar 24, the value is 175.50. This value is within the healthy range. It has increased from 128.43 (Mar 23) to 175.50, marking an increase of 47.07.
For PBT / Share (Rs.), as of Mar 24, the value is 173.64. This value is within the healthy range. It has increased from 127.40 (Mar 23) to 173.64, marking an increase of 46.24.
For Net Profit / Share (Rs.), as of Mar 24, the value is 129.78. This value is within the healthy range. It has increased from 95.02 (Mar 23) to 129.78, marking an increase of 34.76.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 146.13. This value is within the healthy range. It has increased from 106.54 (Mar 23) to 146.13, marking an increase of 39.59.
For PBDIT Margin (%), as of Mar 24, the value is 32.67. This value is within the healthy range. It has increased from 27.96 (Mar 23) to 32.67, marking an increase of 4.71.
For PBIT Margin (%), as of Mar 24, the value is 29.05. This value exceeds the healthy maximum of 20. It has increased from 24.32 (Mar 23) to 29.05, marking an increase of 4.73.
For PBT Margin (%), as of Mar 24, the value is 28.75. This value is within the healthy range. It has increased from 24.12 (Mar 23) to 28.75, marking an increase of 4.63.
For Net Profit Margin (%), as of Mar 24, the value is 21.48. This value exceeds the healthy maximum of 10. It has increased from 17.99 (Mar 23) to 21.48, marking an increase of 3.49.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 24.19. This value exceeds the healthy maximum of 20. It has increased from 20.17 (Mar 23) to 24.19, marking an increase of 4.02.
For Return on Networth / Equity (%), as of Mar 24, the value is 22.17. This value is within the healthy range. It has increased from 19.43 (Mar 23) to 22.17, marking an increase of 2.74.
For Return on Capital Employeed (%), as of Mar 24, the value is 24.60. This value is within the healthy range. It has increased from 22.00 (Mar 23) to 24.60, marking an increase of 2.60.
For Return On Assets (%), as of Mar 24, the value is 17.29. This value is within the healthy range. It has increased from 15.17 (Mar 23) to 17.29, marking an increase of 2.12.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 23) to 0.01, marking an increase of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.01. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.78. It has decreased from 0.85 (Mar 23) to 0.78, marking a decrease of 0.07.
For Current Ratio (X), as of Mar 24, the value is 1.15. This value is below the healthy minimum of 1.5. It has increased from 1.14 (Mar 23) to 1.15, marking an increase of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.74 (Mar 23) to 0.76, marking an increase of 0.02.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.49. This value is within the healthy range. It has decreased from 7.65 (Mar 23) to 6.49, marking a decrease of 1.16.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 25.31. This value is within the healthy range. It has increased from 19.70 (Mar 23) to 25.31, marking an increase of 5.61.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 22.02. This value is within the healthy range. It has increased from 16.69 (Mar 23) to 22.02, marking an increase of 5.33.
For Earning Retention Ratio (%), as of Mar 24, the value is 74.69. This value exceeds the healthy maximum of 70. It has decreased from 80.30 (Mar 23) to 74.69, marking a decrease of 5.61.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 77.98. This value exceeds the healthy maximum of 70. It has decreased from 83.31 (Mar 23) to 77.98, marking a decrease of 5.33.
For Interest Coverage Ratio (X), as of Mar 24, the value is 106.19. This value is within the healthy range. It has decreased from 144.14 (Mar 23) to 106.19, marking a decrease of 37.95.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 70.84. This value is within the healthy range. It has decreased from 93.75 (Mar 23) to 70.84, marking a decrease of 22.91.
For Enterprise Value (Cr.), as of Mar 24, the value is 110,181.81. It has increased from 80,025.18 (Mar 23) to 110,181.81, marking an increase of 30,156.63.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 6.66. This value exceeds the healthy maximum of 3. It has increased from 5.54 (Mar 23) to 6.66, marking an increase of 1.12.
For EV / EBITDA (X), as of Mar 24, the value is 20.39. This value exceeds the healthy maximum of 15. It has increased from 19.81 (Mar 23) to 20.39, marking an increase of 0.58.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 6.66. This value exceeds the healthy maximum of 3. It has increased from 5.59 (Mar 23) to 6.66, marking an increase of 1.07.
For Retention Ratios (%), as of Mar 24, the value is 74.68. This value exceeds the healthy maximum of 70. It has decreased from 80.29 (Mar 23) to 74.68, marking a decrease of 5.61.
For Price / BV (X), as of Mar 24, the value is 6.10. This value exceeds the healthy maximum of 3. It has increased from 5.38 (Mar 23) to 6.10, marking an increase of 0.72.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 6.66. This value exceeds the healthy maximum of 3. It has increased from 5.59 (Mar 23) to 6.66, marking an increase of 1.07.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Eicher Motors Ltd as of May 12, 2025 is: 4,436.44

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 12, 2025, Eicher Motors Ltd is Overvalued by 16.67% compared to the current share price 5,324.00

Intrinsic Value of Eicher Motors Ltd as of May 12, 2025 is: 5,629.68

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 12, 2025, Eicher Motors Ltd is Undervalued by 5.74% compared to the current share price 5,324.00

Last 5 Year EPS CAGR: 26.90%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 32.00%, which is a positive sign. The stock has a low average Working Capital Days of -28.42, which is a positive sign. The stock has a low average Cash Conversion Cycle of -31.42, which is a positive sign. The company has higher reserves (8,997.08 cr) compared to borrowings (178.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (9.54 cr) and profit (176.23 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 32.00%, which is a positive sign.
The stock has a low average Working Capital Days of -28.42, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -31.42, which is a positive sign.
The company has higher reserves (8,997.08 cr) compared to borrowings (178.85 cr), indicating strong financial stability.
The company has shown consistent growth in sales (9.54 cr) and profit (176.23 cr) over the years.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Eicher Motors Ltd:
1. Net Profit Margin: 21.48%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 24.6% (Industry Average ROCE: 23.92%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 22.17% (Industry Average ROE: 21.17%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 70.84
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.76
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 32.8 (Industry average Stock P/E: 41)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 16078.16 Cr. and Equity Capital is Rs. 27.38 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto - 2 & 3 Wheelers	3rd Floor, New Delhi Delhi 110017	investors@eichermotors.com http://www.eichermotors.com

Management
Name	Position Held
Mr. Siddhartha Vikram Lal	Executive Chairman
Mr. Vinod Aggarwal	Vice Chairman & Non Exe.Dire
Mr. Govindarajan Balakrishnan	Managing Director
Mr. Inder Mohan Singh	Independent Director
Mr. S Madhavan	Independent Director
Mr. Tejpreet S Chopra	Independent Director
Mr. Arun Vasu	Independent Director
Mr. Ira Gupta	Independent Director

FAQ

What is the intrinsic value of Eicher Motors Ltd?

Eicher Motors Ltd's intrinsic value (as of 11 May 2025) is ₹4436.44 — 16.67% lower the current market price of 5,324.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,45,965 Cr. market cap, FY2025-2026 high/low of ₹5,908/4,254, reserves of 18,952 Cr, and liabilities of 24,380 Cr.

What is the Market Cap of Eicher Motors Ltd?

The Market Cap of Eicher Motors Ltd is 1,45,965 Cr..

What is the current Stock Price of Eicher Motors Ltd as on 11 May 2025?

The current stock price of Eicher Motors Ltd as on 11 May 2025 is 5,324.

What is the High / Low of Eicher Motors Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Eicher Motors Ltd stocks is ₹5,908/4,254.

What is the Stock P/E of Eicher Motors Ltd?

The Stock P/E of Eicher Motors Ltd is 32.8.

What is the Book Value of Eicher Motors Ltd?

The Book Value of Eicher Motors Ltd is 692.

What is the Dividend Yield of Eicher Motors Ltd?

The Dividend Yield of Eicher Motors Ltd is 0.96 %.

What is the ROCE of Eicher Motors Ltd?

The ROCE of Eicher Motors Ltd is 31.1 %.

What is the ROE of Eicher Motors Ltd?

The ROE of Eicher Motors Ltd is 24.2 %.

What is the Face Value of Eicher Motors Ltd?

The Face Value of Eicher Motors Ltd is 1.00.