About
Eicher Motors Limited, an automobile company, engages in the manufacture and sale of motorcycles and commercial vehicles in India and internationally. The company designs, develops, manufactures, assembles, and sells two-wheelers, as well as related parts and accessories; motorcycle accessories; protective and performance gears; and lifestyle apparel products and accessories. It also provides motorcycle accessories; protective and performance gears; lifestyle apparel products and accessories; and parts and service support for riders across markets. In addition, the company owns the Royal Enfield motorcycle brand that offers Classic 350, Bullet 350, Meteor 350, Hunter 350, Himalayan 450, Scram 440 ADV Crossover, Interceptor 650, Bear 650, Guerrilla 450 modern roadster, Continental GT 650, Super Meteor 650, and Shotgun 650 models. The company was founded in 1901 and is headquartered in Chennai, India.
Key Metrics
as of Sep 2026Market Cap209,474 Cr
P/E36.00
Div Yield1.07 %
Book Value₹915.00
52w High₹8,233.00
52w Low₹6,439.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,632.00 | 6,080.00 | 6,114.00 | 6,172.00 | 5,042.00 | 5,241.00 | 4,973.00 | 4,263.00 | 4,393.00 | 4,256.00 | 4,179.00 | 4,115.00 | 3,986.00 |
| Expenses | 5,042.00 | 4,566.00 | 4,557.00 | 4,660.00 | 3,839.00 | 3,983.00 | 3,772.00 | 3,175.00 | 3,228.00 | 3,127.00 | 3,089.00 | 3,027.00 | 2,966.00 |
| Operating Profit | 1,591.00 | 1,514.00 | 1,557.00 | 1,512.00 | 1,203.00 | 1,258.00 | 1,201.00 | 1,088.00 | 1,165.00 | 1,129.00 | 1,090.00 | 1,087.00 | 1,021.00 |
| OPM % | 24.00 | 25.00 | 25.00 | 24.00 | 24.00 | 24.00 | 24.00 | 26.00 | 27.00 | 27.00 | 26.00 | 26.00 | 26.00 |
| Other Income | 634.00 | 675.00 | 465.00 | 486.00 | 603.00 | 628.00 | 452.00 | 468.00 | 457.00 | 437.00 | 368.00 | 375.00 | 344.00 |
| Depreciation | 278.00 | 232.00 | 211.00 | 200.00 | 198.00 | 201.00 | 179.00 | 180.00 | 169.00 | 165.00 | 148.00 | 143.00 | 142.00 |
| Interest | 22.00 | 20.00 | 17.00 | 19.00 | 15.00 | 16.00 | 13.00 | 13.00 | 12.00 | 15.00 | 12.00 | 13.00 | 10.00 |
| Profit before tax | 1,925.00 | 1,937.00 | 1,793.00 | 1,779.00 | 1,593.00 | 1,669.00 | 1,461.00 | 1,362.00 | 1,441.00 | 1,385.00 | 1,298.00 | 1,307.00 | 1,212.00 |
| Tax % | 24.00 | 22.00 | 21.00 | 23.00 | 24.00 | 18.00 | 20.00 | 19.00 | 24.00 | 23.00 | 23.00 | 22.00 | 24.00 |
| Net Profit | 1,463.00 | 1,520.00 | 1,421.00 | 1,369.00 | 1,205.00 | 1,362.00 | 1,170.00 | 1,100.00 | 1,101.00 | 1,070.00 | 996.00 | 1,016.00 | 918.00 |
| EPS in Rs | 53.28 | 55.41 | 51.79 | 49.93 | 43.95 | 49.68 | 42.70 | 40.15 | 40.20 | 39.10 | 36.38 | 37.12 | 33.58 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23,408.00 | 18,870.00 | 16,536.00 | 14,442.00 | 10,298.00 | 8,720.00 | 9,154.00 | 9,797.00 | 8,965.00 | 7,033.00 | 6,173.00 | 8,738.00 |
| Expenses | 17,618.00 | 14,148.00 | 12,206.00 | 10,996.00 | 8,120.00 | 6,937.00 | 6,971.00 | 6,893.00 | 6,156.00 | 4,859.00 | 4,484.00 | 7,621.00 |
| Operating Profit | 5,789.00 | 4,723.00 | 4,329.00 | 3,446.00 | 2,178.00 | 1,783.00 | 2,183.00 | 2,904.00 | 2,809.00 | 2,174.00 | 1,690.00 | 1,118.00 |
| OPM % | 25.00 | 25.00 | 26.00 | 24.00 | 21.00 | 20.00 | 24.00 | 30.00 | 31.00 | 31.00 | 27.00 | 13.00 |
| Other Income | 2,225.00 | 1,994.00 | 1,521.00 | 908.00 | 496.00 | 482.00 | 572.00 | 701.00 | 536.00 | 416.00 | 326.00 | 105.00 |
| Interest | 72.00 | 54.00 | 51.00 | 28.00 | 19.00 | 16.00 | 19.00 | 7.00 | 5.00 | 4.00 | 2.00 | 10.00 |
| Depreciation | 840.00 | 729.00 | 598.00 | 526.00 | 452.00 | 451.00 | 382.00 | 300.00 | 223.00 | 154.00 | 137.00 | 220.00 |
| Profit before tax | 7,102.00 | 5,933.00 | 5,202.00 | 3,800.00 | 2,203.00 | 1,798.00 | 2,355.00 | 3,297.00 | 3,116.00 | 2,433.00 | 1,877.00 | 993.00 |
| Tax % | 22.00 | 20.00 | 23.00 | 23.00 | 24.00 | 25.00 | 22.00 | 33.00 | 30.00 | 30.00 | 29.00 | 29.00 |
| Net Profit | 5,515.00 | 4,734.00 | 4,001.00 | 2,914.00 | 1,677.00 | 1,347.00 | 1,827.00 | 2,203.00 | 1,960.00 | 1,667.00 | 1,338.00 | 702.00 |
| EPS in Rs | 201.06 | 172.69 | 146.13 | 106.55 | 61.32 | 49.28 | 66.91 | 80.75 | 71.89 | 61.27 | 49.27 | 22.71 |
| Dividend Payout % | 41.00 | 41.00 | 35.00 | 35.00 | 34.00 | 34.00 | 19.00 | 15.00 | 15.00 | 16.00 | 20.00 | 22.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 |
| Reserves | 25,073.00 | 21,269.00 | 18,018.00 | 14,963.00 | 12,581.00 | 11,411.00 | 9,954.00 | 8,891.00 | 7,003.00 | 5,318.00 | 3,626.00 | 2,489.00 |
| Borrowings | 514.00 | 458.00 | 419.00 | 288.00 | 108.00 | 219.00 | 249.00 | 187.00 | 151.00 | 112.00 | 23.00 | 58.00 |
| Other Liabilities | 6,549.00 | 5,420.00 | 4,650.00 | 3,919.00 | 3,424.00 | 2,901.00 | 2,220.00 | 2,281.00 | 2,341.00 | 1,552.00 | 1,263.00 | 3,829.00 |
| Total Liabilities | 32,164.00 | 27,174.00 | 23,115.00 | 19,198.00 | 16,140.00 | 14,559.00 | 12,450.00 | 11,387.00 | 9,522.00 | 7,009.00 | 4,939.00 | 6,403.00 |
| Fixed Assets | 3,852.00 | 3,473.00 | 2,914.00 | 2,690.00 | 2,424.00 | 2,433.00 | 2,378.00 | 1,875.00 | 1,502.00 | 873.00 | 790.00 | 2,309.00 |
| CWIP | 736.00 | 491.00 | 555.00 | 472.00 | 505.00 | 314.00 | 312.00 | 450.00 | 333.00 | 374.00 | 94.00 | 419.00 |
| Investments | 17,496.00 | 14,791.00 | 13,527.00 | 12,321.00 | 7,721.00 | 3,902.00 | 5,749.00 | 4,923.00 | 5,581.00 | 4,987.00 | 3,388.00 | 1,078.00 |
| Other Assets | 10,080.00 | 8,419.00 | 6,119.00 | 3,715.00 | 5,490.00 | 7,909.00 | 4,011.00 | 4,140.00 | 2,106.00 | 775.00 | 667.00 | 2,597.00 |
| Total Assets | 32,164.00 | 27,174.00 | 23,115.00 | 19,198.00 | 16,140.00 | 14,559.00 | 12,450.00 | 11,387.00 | 9,522.00 | 7,009.00 | 4,939.00 | 6,403.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 4,805.00 | 3,980.00 | 3,724.00 | 2,823.00 | 1,527.00 | 1,691.00 | 1,694.00 | 1,575.00 | 2,482.00 | 1,708.00 | 1,463.00 | 1,047.00 |
| Cash from Investing Activity | -2,834.00 | -2,461.00 | -2,834.00 | -2,397.00 | -983.00 | -1,625.00 | -1,508.00 | -660.00 | -2,145.00 | -1,744.00 | -1,001.00 | -1,214.00 |
| Cash from Financing Activity | -1,983.00 | -1,399.00 | -844.00 | -417.00 | -593.00 | -15.00 | -858.00 | -292.00 | -262.00 | 25.00 | -466.00 | -162.00 |
| Net Cash Flow | -12.00 | 121.00 | 45.00 | 8.00 | -50.00 | 51.00 | -673.00 | 623.00 | 75.00 | -10.00 | -4.00 | -329.00 |
| Free Cash Flow | 3,538.00 | 2,951.00 | 2,909.00 | 2,149.00 | 888.00 | 1,176.00 | 1,150.00 | 786.00 | 1,736.00 | 1,161.00 | 954.00 | 79.00 |
| CFO/OP % | 106.00 | 107.00 | 111.00 | 104.00 | 94.00 | 120.00 | 106.00 | 86.00 | 117.00 | 109.00 | 117.00 | 119.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6.00 | 11.00 | 8.00 | 9.00 | 11.00 | 7.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 23.00 |
| Inventory Days | 55.00 | 55.00 | 57.00 | 57.00 | 69.00 | 62.00 | 42.00 | 46.00 | 31.00 | 33.00 | 33.00 | 41.00 |
| Days Payable | 76.00 | 90.00 | 85.00 | 80.00 | 110.00 | 108.00 | 74.00 | 89.00 | 92.00 | 75.00 | 77.00 | 96.00 |
| Cash Conversion Cycle | -16.00 | -24.00 | -19.00 | -14.00 | -29.00 | -39.00 | -28.00 | -40.00 | -58.00 | -40.00 | -42.00 | -31.00 |
| Working Capital Days | 22.00 | 31.00 | 5.00 | -14.00 | -15.00 | -30.00 | -44.00 | -42.00 | -64.00 | -55.00 | -47.00 | -35.00 |
| ROCE % | 31.00 | 30.00 | 31.00 | 27.00 | 18.00 | 17.00 | 25.00 | 41.00 | 49.00 | 53.00 | 51.00 | 28.00 |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 31 Jul 2026 | 31 Jul 2026 | — | 82.00 | |
| Dividend | 01 Aug 2025 | 01 Aug 2025 | — | 70.00 | |
| Dividend | 07 Aug 2024 | 07 Aug 2024 | — | 51.00 | |
| Dividend | 14 Aug 2023 | — | — | 37.00 | |
| Dividend | 12 Aug 2022 | — | — | 21.00 | |
| Dividend | 09 Aug 2021 | — | — | 17.00 | |
| Split | 24 Aug 2020 | 25 Aug 2020 | 10:1 | — | |
| Dividend | 19 Mar 2020 | 21 Mar 2020 | — | 125.00 | |
| Dividend | 24 Jul 2019 | — | — | 125.00 | |
| Dividend | 02 Aug 2018 | — | — | 110.00 | |
| Dividend | 31 Jul 2017 | — | — | 100.00 | |
| Dividend | 22 Mar 2016 | 23 Mar 2016 | — | 100.00 | |
| Dividend | 11 Mar 2015 | — | — | 50.00 | |
| Dividend | 12 Mar 2014 | — | — | 30.00 | |
| Dividend | 13 Mar 2013 | — | — | 20.00 | |
| Dividend | 13 Mar 2012 | — | — | 16.00 | |
| Dividend | 08 Mar 2011 | — | — | 11.00 | |
| Dividend | 05 Mar 2010 | — | — | 7.00 | |
| Dividend | 20 May 2009 | — | — | 5.00 | NSE/BSE dividend mismatch: NSE=0.5; BSE=5.0 |
| Dividend | 20 May 2009 | — | — | 0.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=5.0 |
| Dividend | 26 May 2008 | — | — | 5.00 | NSE/BSE dividend mismatch: NSE=0.5; BSE=5.0 |
| Dividend | 26 May 2008 | — | — | 0.50 | NSE/BSE dividend mismatch: NSE=0.5; BSE=5.0 |
| Other | 20 Jun 2007 | — | — | — | Annual General Meeting |
| Other | 16 Mar 2007 | 20 Mar 2007 | — | — | Div Int-40% + Spl-250% Purpose Revised |
| Dividend | 22 Jun 2006 | — | — | 0.40 | |
| Dividend | 05 Aug 2005 | — | — | 0.40 | |
| Dividend | 25 Jun 2001 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update11 Dec 2025 from icra
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Rating update29 Oct 2024 from icra
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Rating update18 Aug 2023 from icra
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Rating update23 Mar 2023 from icra
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Rating update2 Nov 2022 from icra
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Rating update1 Sep 2021 from icra
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