Eicher Motors Ltd.
NSE: EICHERMOT · 2/3 Wheelers
Snapshot
Unlock Eicher Motors Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Eicher Motors Limited is a prominent Indian automobile manufacturer primarily known for its iconic Royal Enfield motorcycle brand. Through its joint venture, Volvo Eicher Commercial Vehicles, the company also produces a diverse range of light, medium, and heavy-duty trucks and buses.
Business Model
The company generates revenue through the design, manufacture, and sale of premium motorcycles, related parts, accessories, and apparel. Additionally, it earns income from the commercial vehicle segment via its joint venture with Volvo, which provides trucks, buses, and engineering components.
Growth Outlook
Growth is driven by the expansion of the Royal Enfield product portfolio and increasing international market penetration. The commercial vehicle segment continues to benefit from infrastructure development and demand for modern logistics solutions in India.
Key Risks
- Cyclical Demand. The automotive sector is highly sensitive to economic cycles, which can significantly impact consumer spending on premium motorcycles and commercial vehicle fleet upgrades.
- Input Cost Volatility. Fluctuations in the prices of raw materials like steel, aluminium, and rubber can compress profit margins if the company is unable to pass costs to consumers.
- Intense Competition. The company faces increasing competition in the premium motorcycle segment from both domestic and international manufacturers entering the Indian market.
- Regulatory Changes. Stringent emission norms and safety regulations necessitate continuous R&D investment, potentially increasing production costs and impacting vehicle pricing.
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Key Metrics
REVENUE
₹24,998 Cr
TTM · consolidated
NET PROFIT
₹5,773 Cr
TTM · consolidated
EPS
₹210.43
TTM · consolidated
RETURN ON EQUITY
24.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
26.8%
TTM · consolidated
P/E
36.3x
Q1 FY27 · consolidated
EV/EBITDA
27.3x
Q1 FY27 · consolidated
EBITDA MARGIN
30.7%
TTM · consolidated
NET PROFIT MARGIN
22.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · 2/3 Wheelers
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Eicher Motors Ltd.EICHERMOT | ₹2.09L Cr | 36.26 | 27.28 | 28.1% | 30.7% | 24.9% | 26.8% | +18.8% |
Bajaj Auto Ltd.BAJAJ-AUTO | ₹3.33L Cr | 28.30 | 20.52 | 36.9% | 24.0% | 31.2% | 32.2% | +31.4% |
TVS Motor Company Ltd.TVSMOTOR | ₹1.96L Cr | 57.28 | 24.68 | 30.2% | 15.1% | 39.9% | 31.4% | +20.4% |
Hero MotoCorp Ltd.HEROMOTOCO | ₹1.06L Cr | 19.46 | 12.33 | 25.6% | 16.9% | 26.8% | 34.2% | -1.0% |
Ather Energy Ltd.ATHERENERG | ₹60,686 Cr | -155.75 | -431.93 | — | -3.3% | -25.4% | -14.6% | +225.2% |
Ola Electric Mobility Ltd.OLAELEC | ₹17,681 Cr | -9.72 | -26.24 | -49.2% | -40.0% | -41.0% | -22.4% | -40.8% |
As of Q1 FY27
Financials
Eicher Motors Ltd.
NSE: EICHERMOT · 2/3 Wheelers
Snapshot
Unlock Eicher Motors Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Eicher Motors Limited is a prominent Indian automobile manufacturer primarily known for its iconic Royal Enfield motorcycle brand. Through its joint venture, Volvo Eicher Commercial Vehicles, the company also produces a diverse range of light, medium, and heavy-duty trucks and buses.
Business Model
The company generates revenue through the design, manufacture, and sale of premium motorcycles, related parts, accessories, and apparel. Additionally, it earns income from the commercial vehicle segment via its joint venture with Volvo, which provides trucks, buses, and engineering components.
Growth Outlook
Growth is driven by the expansion of the Royal Enfield product portfolio and increasing international market penetration. The commercial vehicle segment continues to benefit from infrastructure development and demand for modern logistics solutions in India.
Key Risks
- Cyclical Demand. The automotive sector is highly sensitive to economic cycles, which can significantly impact consumer spending on premium motorcycles and commercial vehicle fleet upgrades.
- Input Cost Volatility. Fluctuations in the prices of raw materials like steel, aluminium, and rubber can compress profit margins if the company is unable to pass costs to consumers.
- Intense Competition. The company faces increasing competition in the premium motorcycle segment from both domestic and international manufacturers entering the Indian market.
- Regulatory Changes. Stringent emission norms and safety regulations necessitate continuous R&D investment, potentially increasing production costs and impacting vehicle pricing.
Start your research today
Unlock AI insights, financials, peers and live data on Eicher Motors Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹24,998 Cr
TTM · consolidated
NET PROFIT
₹5,773 Cr
TTM · consolidated
EPS
₹210.43
TTM · consolidated
RETURN ON EQUITY
24.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
26.8%
TTM · consolidated
P/E
36.3x
Q1 FY27 · consolidated
EV/EBITDA
27.3x
Q1 FY27 · consolidated
EBITDA MARGIN
30.7%
TTM · consolidated
NET PROFIT MARGIN
22.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · 2/3 Wheelers
As of Q1 FY27