Eicher Motors Share PriceEicher Motors

15.15 (0.52%)
  • Advice
  • Hold
As on 01 April, 2023 | 07:07 BSE: 505200 NSE: EICHERMOT

Eicher Motors Performance

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52 Week Range

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Eicher Motors Share Price

  • Over 1 Month -5.06%
  • Over 3 Month -8.64%
  • Over 6 Month -19.68%
  • Over 1 Year 20.01%

Eicher Motors Key Statistics

P/E Ratio 30.8
PEG Ratio 0.5
Market Cap Cr 80,646
Price to Book Ratio 6.4
EPS 58.1
Dividend 0.7
Relative Strength Index 40.24
Money Flow Index 30.45
MACD Signal -71.23
Average True Range 66.29

Eicher Motors Investment Rating

  • Master Rating:
  • Eicher Motors has an operating revenue of Rs. 13,831.18 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 21% is great, ROE of 13% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 81 which is a GOOD score indicating consistency in earnings, a RS Rating of 56 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 80 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of B is close to being the best. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Eicher Motors Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 3,5463,3543,2043,148
Operating Expenses Qtr Cr 2,7332,5942,4602,440
Operating Profit Qtr Cr 857804788755
Depreciation Qtr Cr 131125114117
Interest Qtr Cr 4332
Tax Qtr Cr 233214184196
Net Profit Qtr Cr 681615580553

Eicher Motors Technicals


Current Price
15.15 (0.52%)
  • Bullish Moving Average
  • ___
  • 4
  • Bearish Moving Average
  • ___
  • 12
  • 20 Day
  • 2999.26
  • 50 Day
  • 3106.46
  • 100 Day
  • 3182.03
  • 200 Day
  • 3154.26
  • 20 Day
  • 3012.23
  • 50 Day
  • 3140.18
  • 100 Day
  • 3232.38
  • 200 Day
  • 3261.27

Eicher Motors Resistance and Support

First Resistance 2971
Second Resistance 3008.3
Third Resistance 3068.8
RSI 40.24
MFI 30.45
MACD Single Line -71.23
MACD -73.69
First Resistance 2873.2
Second Resistance 2812.7
Third Resistance 2775.4

Eicher Motors Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 558,718 32,740,875 58.6
Week 432,991 21,294,485 49.18
1 Month 487,821 24,742,281 50.72
6 Month 642,694 27,764,379 43.2

Eicher Motors Result Highlights

Eicher Motors Synopsis

NSE-Auto Manufacturers

Eicher Motors is involved in the business activities of Manufacture of motorcycles. Company’s Total Operating Revenue is Rs. 10122.86 Cr. and Equity Capital is Rs. 27.34 Cr. for the Year ended 31/03/2022. 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.
Market Cap 80,646
Sales 13,430
Shares in Float 13.95
No of funds 933
Yield 0.72
Book Value 7.48
U/D Vol ratio 0.5
LTDebt / Equity
Alpha 0.09
Beta 1.02

Eicher Motors

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 49.21%49.21%49.21%
Mutual Funds 6.64%6.65%7%
Insurance Companies 2.19%2.53%2.82%
Foreign Portfolio Investors 29.85%30.25%29.5%
Financial Institutions/ Banks 0.17%0.02%0.05%
Individual Investors 8.66%8.37%8.6%
Others 3.28%2.97%2.82%

Eicher Motors Management

Name Designation
Mr. Srinivasan Sandilya Chairman & Ind.Dire (Non-Exe)
Mr. Siddhartha Vikram Lal Managing Director & CEO
Ms. Manvi Sinha Ind. Non-Executive Director
Mr. Inder Mohan Singh Ind. Non-Executive Director
Mr. Govindarajan Balakrishnan Additional Whole Time Director

Eicher Motors Forecast

Price Estimates


Other Analyst Rating

Eicher Motors MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 149113
HDFC Balanced Advantage Fund Growth 51042
ICICI Prudential Balanced Advantage Fund Growth 44516
UTI Nifty 50 Exchange Traded Fund 37282
SBI Bluechip Fund Regular Growth 34309

About Company

Eicher Motors, the most popular and well-performing company in the Eicher group and a leader in the automobile industry in India, was incorporated in 1982. 

Royal Enfield, the world's oldest motorcycle brand in continuous production, has been producing its distinctive motorcycles since 1901. Eicher Motors Limited (EML) is its parent company and has development facilities in Leicestershire, UK, and Chennai, India, and operates in over 60 countries worldwide.

Eicher Group's integrated manufacturing plant in Pithampur, Madhya Pradesh, is the global hub for Volvo's medium-duty five- and eight-litre engines.

Eicher Motors is traded on the Bombay Stock Exchange and the National Stock Exchange. Since April 1, 2016, it has been a component of the Nifty 50 Index.


Eicher Tractor Corporation of India, founded in 1958, produced its first tractor in Faridabad in 1959. In 1980, it was renamed Eicher, and in 1982, it began producing light vehicles with technical assistance from Mitsubishi. Eicher went public in 1987, and Goodearth purchased 26% of Enfield India Ltd in 1990. Eicher vehemently contended for the 'company of the year for 90-91' for its contributions to the four-wheeler sector in 1992.

By then, it had continuously produced tractors, commercial vehicles, jeeps, and cars. It had purchased 60% of the stock interest in Enfield India Ltd. Eicher renamed Enfield India Ltd as Royal Enfield. In 1994, it ceased taking technical support from Mitsubishi. In 1996, Eicher Ltd was formed through a merger with Royal Enfield Motors. Eicher Motors now produces the Royal Enfield motorcycle and the VE-series heavy-duty trucks.

Shareholding Pattern

Eicher Motors Shareholding Pattern page displays the DII's holding, Shareholding by the general public, Promoter's holding, and FIIs holding as follows:

No of Shares—273423102 (100%)


Foreign Institutions—79903448 (29.22%)

Nationalised Banks Mutual Funds—18137604 (6.63%)

CentralGovt—260780 (0.1%)

Others—7077636 (2.59%)

General public—24423525 (8.93%)

Financial Institutions—9055070 (3.31%)

Foreign Promoter—6096880 (2.23%)

Corporate Social Responsibility Information

Corporate Social Responsibility (CSR) is based on the belief that it can impact the industry in particular and the society at large in a significant manner by maintaining a healthy and trained workforce. Through their CSR initiatives, Eicher Motors works to overcome the divide between the automobile industry's demand for skilled labour and the available talent.

Driver Empowerment Initiatives

The driver welfare initiative works to provide comfort to drivers during long journeys by providing rest and training facilities. The training facility guides drivers in personal hygiene, fuel conservation, financial literacy and behavioural aspects. In its association with Indian Oil Corporation, Eicher has already started 6 Driver Pragati Kendras and is working on adding 6 more to the number.

Road Safety Initiatives

Eicher Motors works continuously to spread road safety awareness in a unique way to students by hosting numerous inter-school programmes during road safety week. The most significant inter-school competition is the quiz where the schools in a chosen locality compete with each other. Eicher Motors associates with the Indore police to organize the quiz on road safety, and the number of participating schools totalled 800.

Efforts to Fight Covid 19

Eicher Motors strived to fight the pandemic by providing 1,50,000 food packets at Pithampur and Dewas, the areas surrounding the VEVC manufacturing plant. They distributed 4500 meal packets to the underprivileged and extended a helping hand to 500 construction workers by providing food and sanitation facilities in Bhopal.

In addition, Eicher Motors provided masks, sanitization kits and food to over 11,000 drivers and sanitized about 1600 trucks. Eicher Motors also offered their customers an extended warranty, free service, and annual maintenance for two months. 

Financial Information 

Top Line

As of March 2022, Eicher Motor's audited financial statements show total revenue of INR 10577.14 crores. It was INR 9289.94 crores in 2018, INR 10302.52 crores in 2019, INR 9692.81 crores in 2020, and INR 9071.07 crores in 2021

Bottom Line

Eicher Motors recorded a rise of 16% in net profits in the fourth quarter of 2021-22. The net earnings for March 2022 are INR 1586.22 Cr against the net profit of March 2021, which was INR 1329.70 Cr. However, Eicher Motors' revenue was INR 1903.82 Cr in March 2020; in March 2019, it was INR 2071.96 Cr; in March 2018, it was INR 2024.89 Cr.

Net Worth

The total assets of Eicher Motors were approximately INR 87.5B at the end of 2021. The financial statements of the top automobile company in India reflect a rise compared to 2020. 

Eicher Motors FAQs

What is Share Price of Eicher Motors ?

Eicher Motors share price is ₹2948 As on 01 April, 2023 | 06:53

What is the Market Cap of Eicher Motors ?

The Market Cap of Eicher Motors is ₹80645.6 Cr As on 01 April, 2023 | 06:53

What is the P/E ratio of Eicher Motors ?

The P/E ratio of Eicher Motors is 30.8 As on 01 April, 2023 | 06:53

What is the PB ratio of Eicher Motors ?

The PB ratio of Eicher Motors is 6.4 As on 01 April, 2023 | 06:53

Is Eicher Motors debt-free?

Eicher Motors is debt-free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.

Who is the CEO of Eicher Motors?

Siddhartha Lal has been the CEO of Eicher Motors since 1 May 2006.

Is Eicher Motors a good buy for the long term?

Eicher Motors has an operating revenue of INR 9,992.45 Cr. on a trailing 12-month basis. An annual revenue de-growth of -5% needs improvement, Pre-tax margin of 20% is great. Institutional holding has gone up in the last reported quarter is a positive sign. As per analysts rating in the last 6 months, the recommendation is to HOLD Eicher Motors.

What is the ROE of Eicher Motors?

Eicher Motors ROE is 11%, which is good.

What is the PE ratio of Eicher Motors?

The PE ratio of Eicher Motors is 50.

How to buy Eicher Motors Ltd shares?

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