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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 SwedenтАЩs 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]
Business Verticals
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bajaj Auto | 8892.00 | 29.80 | 248198.39 | 2.36 | 2122.03 | 53.17 | 15734.74 | 18.78 | 28.06 | 54683.29 | 19.62 | 8329.97 | 2122.03 | 7.27 | 15.63 | 0.58 |
| 2. | Eicher Motors | 7134.50 | 41.68 | 195733.13 | 0.98 | 1208.01 | 19.62 | 5902.07 | 40.34 | 31.73 | 20825.22 | 24.90 | 4695.86 | 1208.01 | 10.18 | 19.24 | 0.01 |
| 3. | TVS Motor Co. | 3441.90 | 62.77 | 163548.38 | 0.29 | 832.76 | 41.93 | 14051.22 | 24.33 | 15.35 | 48838.15 | 15.25 | 2605.48 | 795.48 | 20.15 | 5.15 | 2.08 |
| 4. | Hero Motocorp | 6002.50 | 22.73 | 120081.97 | 2.75 | 1320.98 | 23.05 | 12218.39 | 16.56 | 30.34 | 42175.84 | 14.31 | 5283.06 | 1308.89 | 5.72 | 15.62 | 0.03 |
| 5. | Ather Energy | 695.90 | тАУ | 26407.13 | 0.00 | -154.10 | 21.86 | 898.90 | 54.05 | -65.71 | 2854.50 | -20.32 | -764.50 | -154.10 | 9.73 | -40.47 | 0.16 |
| 6. | Ola Electric | 41.86 | тАУ | 18476.97 | 0.00 | -418.00 | 15.56 | 690.00 | -43.16 | -28.09 | 3174.00 | -50.25 | -2280.00 | -418.00 | 4.25 | -23.94 | 0.72 |
| 7. | Zelio E-Mobility | 438.65 | 44.65 | 927.74 | 0.00 | 11.82 | 67.66 | 133.32 | 77.10 | 51.78 | 171.97 | 12.25 | 16.01 | 11.82 | тАУ | 33.76 | 0.70 |
| тАУ | Median: 10 Co. | 567.27 | 29.8 | 22442.05 | 0.3 | 10.16 | 32.49 | 794.45 | 32.34 | 17.64 | 3014.25 | 13.28 | 15.5 | 10.16 | 6.06 | 6.96 | 0.64 |
Standalone figures in тВ╣ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,397 | 3,590 | 3,831 | 3,901 | 3,931 | 4,054 | 4,192 | 4,231 | 4,205 | 4,908 | 5,107 | 4,908 | 5,902 |
Expenses | 2,594 | 2,733 | 2,887 | 2,888 | 2,833 | 2,939 | 3,037 | 3,053 | 3,101 | 3,684 | 3,846 | 3,677 | 4,433 |
Operating Profit | 804 | 857 | 945 | 1,013 | 1,097 | 1,115 | 1,155 | 1,179 | 1,105 | 1,224 | 1,261 | 1,231 | 1,469 |
Other Income | 153 | 191 | 203 | 335 | 276 | 250 | 307 | 417 | 337 | 300 | 354 | 659 | 340 |
Profit before tax | 829 | 914 | 1,002 | 1,209 | 1,238 | 1,221 | 1,302 | 1,433 | 1,268 | 1,350 | 1,418 | 1,697 | 1,614 |
Tax % | 26% | 26% | 25% | 24% | 24% | 25% | 24% | 24% | 20% | 22% | 21% | 23% | 25% |
Net Profit | 615 | 681 | 747 | 914 | 938 | 914 | 983 | 1,088 | 1,010 | 1,056 | 1,125 | 1,306 | 1,208 |
EPS in Rs | 22.48 | 24.89 | 27.31 | 33.42 | 34.28 | 33.38 | 35.91 | 39.71 | 36.85 | 38.53 | 41.04 | 47.64 | 44.04 |
Standalone Figures in тВ╣ Crores / Yearly
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,702 | 3,031 | 6,186 | 7,038 | 8,958 | 9,794 | 9,077 | 8,619 | 10,123 | 14,067 | 16,078 | 18,451 | 20,825 |
Expenses | 1,389 | 2,297 | 4,478 | 4,832 | 6,103 | 6,846 | 6,871 | 6,831 | 8,005 | 10,672 | 11,696 | 13,674 | 15,641 |
Operating Profit | 314 | 734 | 1,708 | 2,206 | 2,854 | 2,948 | 2,207 | 1,788 | 2,118 | 3,394 | 4,382 | 4,778 | 5,184 |
Other Income | 80 | 116 | 283 | 227 | 19 | 486 | 612 | 450 | 450 | 639 | 1,166 | 1,399 | 1,653 |
Interest | 0 | 2 | 2 | 3 | 3 | 3 | 11 | 9 | 10 | 13 | 19 | 24 | 28 |
Depreciation | 30 | 50 | 137 | 153 | 222 | 299 | 378 | 446 | 446 | 512 | 559 | 684 | 730 |
Profit before tax | 363 | 798 | 1,853 | 2,277 | 2,648 | 3,133 | 2,430 | 1,783 | 2,112 | 3,508 | 4,970 | 5,469 | 6,079 |
Net Profit | 279 | 559 | 1,309 | 1,560 | 1,713 | 2,054 | 1,904 | 1,330 | 1,586 | 2,623 | 3,749 | 4,279 | 4,696 |
EPS in Rs | 10.30 | 20.62 | 48.20 | 57.33 | 62.84 | 75.31 | 69.71 | 48.65 | 58.01 | 95.90 | 136.94 | 156.08 | 171.25 |
Dividend Payout % | 29% | 24% | 21% | 17% | 18% | 17% | 18% | 35% | 36% | 39% | 37% | 45% | тАУ |
Standalone figures in тВ╣ crores
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
Reserves | 794 | 1,207 | 2,309 | 3,895 | 5,345 | 7,099 | 8,248 | 9,678 | 10,767 | 12,860 | 15,666 | 18,472 | 19,188 |
Borrowings | 4 | 0 | 23 | 67 | 86 | 76 | 101 | 60 | 53 | 140 | 210 | 267 | 274 |
Other Liabilities | 658 | 995 | 1,265 | 1,550 | 2,336 | 2,275 | 2,203 | 2,860 | 3,375 | 3,848 | 4,569 | 5,319 | 6,327 |
Total Liabilities | 1,483 | 2,229 | 3,624 | 5,540 | 7,795 | 9,477 | 10,579 | 12,625 | 14,223 | 16,876 | 20,473 | 24,086 | 25,817 |
Fixed Assets | 299 | 501 | 788 | 870 | 1,497 | 1,871 | 2,369 | 2,423 | 2,401 | 2,600 | 2,774 | 3,335 | 3,912 |
Gross Block | тАУ | 639 | 1,060 | 1,292 | 2,139 | 2,761 | 3,572 | 4,033 | 4,372 | 5,029 | 5,520 | 6,547 | тАУ |
Accumulated Depreciation | тАУ | 138 | 271 | 422 | 642 | 890 | 1,204 | 1,610 | 1,971 | 2,428 | 2,746 | 3,212 | тАУ |
CWIP | 14 | 59 | 94 | 374 | 333 | 450 | 312 | 310 | 504 | 468 | 553 | 477 | 123 |
Investments | 856 | 1,189 | 2,074 | 3,542 | 3,866 | 3,047 | 3,926 | 2,045 | 5,950 | 10,280 | 11,307 | 12,027 | 13,687 |
Other Assets | 314 | 480 | 667 | 755 | 2,098 | 4,110 | 3,973 | 7,847 | 5,368 | 3,527 | 5,838 | 8,248 | 8,095 |
Total Assets | 1,483 | 2,229 | 3,624 | 5,540 | 7,795 | 9,477 | 10,579 | 12,625 | 14,223 | 16,876 | 20,473 | 24,086 | 25,817 |
Standalone Figures in тВ╣ Crores / Yearly
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 368 | 686 | 1,474 | 1,761 | 2,515 | 1,608 | 1,718 | 1,674 | 1,570 | 2,786 | 3,845 | 3,830 |
Cash from Investing Activity | -298 | -598 | -1,017 | -1,752 | -2,158 | -673 | -1,506 | -1,615 | -1,138 | -2,374 | -2,995 | -2,443 |
Cash from Financing Activity | -55 | -86 | -466 | -19 | -280 | -334 | -883 | -16 | -474 | -441 | -796 | -1,315 |
Net Cash Flow | 15 | 2 | -8 | -10 | 76 | 601 | -671 | 44 | -42 | -29 | 53 | 72 |
Standalone Figures in тВ╣ Crores / Yearly
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 1 | 3 | 3 | 3 | 4 | 5 | 11 | 18 | 18 | 13 | 21 |
Inventory Days | 50 | 41 | 32 | 32 | 30 | 44 | 38 | 55 | 55 | 41 | 45 | 40 |
Days Payable | 111 | 99 | 76 | 75 | 92 | 89 | 73 | 107 | 108 | 79 | 85 | 88 |
Cash Conversion Cycle | -59 | -56 | -42 | -41 | -59 | -41 | -30 | -41 | -35 | -20 | -27 | -27 |
Working Capital Days | -92 | -80 | -46 | -53 | -62 | -37 | -38 | -24 | -15 | -12 | 5 | 35 |
ROCE % | 46% | 72% | 103% | 72% | 63% | 50% | 31% | 20% | 21% | 29% | 34% | 32% |
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