Eicher Motors share price
NSE: EICHERMOTBSE: 505200AutomobilesLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹7,099.50.
27 Oct: open ₹7,069.50, high ₹7,170.00, low ₹7,067.50
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,96,695 Cr43rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 34.07
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.84
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.14%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 24.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,33,27053.4% delivered
About Eicher Motors
Eicher Motors Limited owns Royal Enfield, which makes motorcycles in Tamil Nadu and sells them to riders in India and other countries, along with riding apparel, accessories and spare parts.123 It also holds a majority stake in VE Commercial Vehicles (VECV), a joint venture with Sweden's Volvo Group that makes Eicher trucks and buses and sells Volvo trucks and buses in India.1
Royal Enfield's range spans 4 engine platforms, of 350cc, 440cc, 450cc and 650cc, and 14 models, among them the Bullet, Classic, Hunter, Meteor, Himalayan and Interceptor.4 In April 2026 Royal Enfield launched its first electric motorcycle, the Flying Flea C6, under Flying Flea, its new brand for city riding.56 VECV's range covers Eicher trucks from 3.5 to 55 tonnes, Eicher buses, Volvo buses, sole distribution of Volvo trucks in India, and engines it makes and exports for the Volvo Group.7
Royal Enfield sells in more than 80 countries, has subsidiaries in North America, Canada, Brazil, Thailand, the UK and the Netherlands, and runs technical centres in Chennai and the UK.3 Royal Enfield has made motorcycles since 1901; from its British roots, a plant was set up in Madras, now Chennai, in 1955.8 The Eicher Group acquired Enfield India Limited in 1994.9 The company was incorporated in 1982, and VECV on 7 Mar 2008.1011
Its promoter group held 49.1% of the shares at the end of June 2026.12 The company holds 54.4% of VECV, and AB Volvo and Volvo Truck Corporation of Sweden hold the remaining 45.6%.13
Eicher Motors key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹6,632 crore against ₹5,042 crore a year earlier, and EBITDA (earnings before interest, tax, depreciation and amortisation) ₹1,591 crore against ₹1,203 crore.14
- Consolidated profit after tax for the quarter was ₹1,463 crore against ₹1,205 crore, including ₹168 crore as its share of VECV's profit.15
- For the year to Mar 2026, consolidated revenue from operations was ₹23,408 crore, up 24%, EBITDA ₹5,785 crore, up 23%, and profit after tax ₹5,515 crore. Together with VECV, combined revenue crossed ₹50,000 crore for the first time, with combined EBITDA above ₹8,300 crore.1617
- Royal Enfield sold 12,27,977 motorcycles in the year to Mar 2026 and 3,32,940 in the quarter to Jun 2026, its highest for a year and for a quarter.1819
Market position
- Royal Enfield's share of India's mid-size motorcycle segment (engines of 250cc to 750cc) was about 85% in the quarter to Jun 2026 and 86.8% in the year to Mar 2026.202122
- Royal Enfield's share of all motorcycles sold in India was 9.1% in the quarter to Jun 2026, and its share of motorcycles above 125cc was 31.3% in the year to Mar 2026.2324
- Share of the mid-size segment by region, in the countries where it sells25
Item year to Mar 2026 Americas 6.6% Asia Pacific 9.7% Europe, Middle East and Africa 7.6%
Revenue mix
- Royal Enfield's international business brought in about 15.3% of its revenue in the quarter to Jun 2026, against about 13.7% in the quarter to Mar 2026, and the international business's revenue for the quarter crossed ₹1,000 crore for the first time.2627
- Royal Enfield's allied businesses (spare parts, service, accessories and apparel) earned ₹3,351 crore in the year to Mar 2026, about 14% of its revenue, and made up about 15% of its revenue in the quarter to Jun 2026.2829
Where it sells
- Royal Enfield motorcycles sold30
Item year to Mar 2026 India 11,07,343 Outside India 1,20,634 - In the quarter to Jun 2026 Royal Enfield sold 3,01,174 motorcycles in India and 31,766 outside India.19
- Brazil is Royal Enfield's second-largest market after India; its Brazilian subsidiary sold 34,264 motorcycles in the year to Mar 2026, up 70.9%.2231
Plants and capacity
- Royal Enfield has 4 plants, at Thiruvottiyur, Oragadam, Vallam Vadagal and Cheyyar, able to make 14.6 lakh motorcycles a year; they ran at 90% of capacity in the year to Mar 2026.323334
- Royal Enfield's 7 assembly units abroad, in Argentina, Brazil (2), Colombia, Thailand, Nepal and Bangladesh, put together kits of parts (completely knocked down, or CKD), with a combined assembly capacity of 1,50,000 motorcycles.3334
Expansion and capital spending
- In its exchange filing of 10 Feb 2026, the company said its board approved an estimated ₹958 crore expansion of the existing Cheyyar plant to 20 lakh motorcycles a year. Its annual report for the year to Mar 2026 expects this by Mar 2028.3536
- On its earnings call of 29 Jul 2026, the company said its board had that day approved ₹1,225 crore for the first phase of a new (greenfield) plant at Tada, Andhra Pradesh, able to make 4.5 lakh more motorcycles a year at full use.37
- The company said on its earnings call of 29 Jul 2026 that it expects Royal Enfield's capacity to reach 2.45 million motorcycles by Mar 2030; on 18 May 2026 it said it plans about ₹2,500 crore for the Andhra Pradesh plant, in phases, subject to board approval.3839
- The company stated in its annual report for the year to Mar 2026 that its wholly owned assembly plant in Brazil is expected to start operating in 2027.40
Trucks and buses (VECV)
- VECV sold 1,03,404 trucks and buses in the year to Mar 2026, the first year it crossed 1,00,000, and its revenue from operations was ₹27,077 crore, up 15%.4142
- VECV's share of its markets in India4344It ranks first in light and medium duty trucks.
Item year to Mar 2026 Light and medium duty trucks (5 to 18.5 tonnes) 34.9% Buses, Eicher and Volvo 19.3% Heavy duty trucks, Eicher and Volvo 9.7% - VECV sold 24,815 vehicles in the quarter to Jun 2026, up 14.8%.45
Recent events
- On 22 May 2026 the board recommended a dividend of ₹82 a share for the year to Mar 2026, for approval at the annual general meeting of 20 Aug 2026; the company's documents give no outcome.4647
- On 21 May 2026 the board approved up to ₹750 crore for 50% of Volvo Financial Services (India), a 50:50 joint venture financing customers of Volvo, VECV and the company in India. It needed Reserve Bank of India approval; the documents give no outcome.4849
- On 1 Apr 2026, B. Srinivas became Managing Director and Chief Executive of VECV, and Vinod Kumar Aggarwal its non-executive chairman.4450
Last updated
All 50 sources, each with its page
- 1. Annual report, 25 Jul 2026, page 86
- 2. Annual report, 25 Jul 2026, page 12
- 3. Annual report, 25 Jul 2026, page 61
- 4. Annual report, 25 Jul 2026, page 86
- 5. Annual report, 25 Jul 2026, page 17
- 6. Annual report, 25 Jul 2026, page 86
- 7. Annual report, 25 Jul 2026, page 12
- 8. Annual report, 25 Jul 2026, page 12
- 9. Investor presentation, 29 Jul 2026, page 10
- 10. Annual report, 25 Jul 2026, page 307
- 11. Annual report, 25 Jul 2026, page 184
- 12. Investor presentation, 29 Jul 2026, page 5
- 13. Annual report, 25 Jul 2026, page 414
- 14. Earnings call, 29 Jul 2026, page 3
- 15. Earnings call, 29 Jul 2026, page 3
- 16. Annual report, 25 Jul 2026, page 15
- 17. Annual report, 25 Jul 2026, page 16
- 18. Annual report, 25 Jul 2026, page 9
- 19. Earnings call, 29 Jul 2026, page 4
- 20. Annual report, 25 Jul 2026, page 12
- 21. Investor presentation, 29 Jul 2026, page 21
- 22. Annual report, 25 Jul 2026, page 14
- 23. Investor presentation, 29 Jul 2026, page 50
- 24. Annual report, 25 Jul 2026, page 61
- 25. Investor presentation, 29 Jul 2026, page 26
- 26. Earnings call, 29 Jul 2026, page 16
- 27. Earnings call, 29 Jul 2026, page 11
- 28. Annual report, 25 Jul 2026, page 92
- 29. Earnings call, 29 Jul 2026, page 16
- 30. Annual report, 25 Jul 2026, page 17
- 31. Annual report, 25 Jul 2026, page 148
- 32. Annual report, 25 Jul 2026, page 10
- 33. Annual report, 25 Jul 2026, page 61
- 34. Annual report, 25 Jul 2026, page 62
- 35. Exchange filing, 10 Feb 2026, page 2
- 36. Annual report, 25 Jul 2026, page 62
- 37. Earnings call, 29 Jul 2026, page 4
- 38. Earnings call, 29 Jul 2026, page 7
- 39. Exchange filing, 18 May 2026, page 2
- 40. Annual report, 25 Jul 2026, page 14
- 41. Annual report, 25 Jul 2026, page 97
- 42. Annual report, 25 Jul 2026, page 16
- 43. Annual report, 25 Jul 2026, page 12
- 44. Annual report, 25 Jul 2026, page 15
- 45. Earnings call, 29 Jul 2026, page 5
- 46. Annual report, 25 Jul 2026, page 144
- 47. Annual report, 25 Jul 2026, page 1
- 48. Exchange filing, 21 May 2026, page 1
- 49. Exchange filing, 21 May 2026, page 3
- 50. Annual report, 25 Jul 2026, page 83
Results
Consolidated; ₹ crore.Eicher Motors quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +28.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +19.3%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,632 Crup 9.08%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,463 Crdown 3.78%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 22.1%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,263 | 4,973 | 5,241 | 5,042 | 6,172 | 6,114 | 6,080 | 6,632 |
| Net profit | 1,100 | 1,171 | 1,362 | 1,205 | 1,369 | 1,421 | 1,520 | 1,463 |
| Net margin | 25.8% | 23.5% | 26.0% | 23.9% | 22.2% | 23.2% | 25.0% | 22.1% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹23,408 Crup 24.04%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,515 Crup 16.49%
- Net margin
- 23.6%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,939what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹906 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,219what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹254 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,797 | 9,154 | 8,720 | 10,298 | 14,442 | 16,536 | 18,870 | 23,408 |
| Net profit | 1,667 | 1,960 | 2,203 | 1,827 | 1,347 | 1,677 | 2,914 | 4,001 | 4,734 | 5,515 |
| Net margin | 21.0% | 21.3% | 22.5% | 20.0% | 15.4% | 16.3% | 20.2% | 24.2% | 25.1% | 23.6% |
Business segments
In the year to Mar 2026 the company reports one business segment, Automobile products and related components, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Eicher Motors PE ratio and valuation
At or below today's level on 43% of 2,478 trading days over the last 10 years.
At or below today's level on 82% of 1,972 trading days since Nov 2018.
At or below today's level on 95% of 2,474 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +24.4% | +16.4% | +5.8% | 1.2% |
| 3 years | +32.0% | +23.6% | +5.8% | 1.3% |
| 5 years | +21.6% | +32.5% | −9.1% | 1.2% |
Mutual fund holdings
356 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 174 of the 230 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 356 funds holding Eicher Motors
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 125
- CutCut. Funds that held fewer shares than at the end of the month before.
- 105
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 115
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 20
| Fund | |||
|---|---|---|---|
| 34,87,584 | 2.30% | ₹2,493.6 Cr | |
| 26,75,948 | 0.94% | ₹1,913.3 Cr | |
| 14,00,000 | 1.99% | ₹1,001.0 Cr | |
| 11,94,963 | 3.22% | ₹854.4 Cr | |
| 9,17,734 | 0.94% | ₹656.2 Cr | |
| 8,59,094 | 0.94% | ₹614.3 Cr | |
| 7,76,549 | 0.73% | ₹555.2 Cr | |
| 7,61,000 | 2.46% | ₹544.1 Cr | |
| 7,50,000 | 4.67% | ₹536.3 Cr | |
| 7,26,905 | 1.46% | ₹519.7 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Eicher Motors insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 5 pledge filings of unclear kind
Eicher Motors competitors and peers
2/3 Wheelers, 13 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Eicher Motors in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,85,521 | 21.84 | 7.80 | +47.9% | +56.9% | 36.9% | 23.6% | 1.44% | |
| 1,94,168 | 56.65 | 20.30 | +30.2% | +43.7% | 37.9% | 18.0% | 0.29% | |
| 1,04,444 | 19.17 | 4.83 | +25.6% | +8.2% | 26.7% | 29.2% | 3.55% | |
| 66,391 | – | 15.49 | – | – | −6.7% | −6.5% | 0.00% | |
| 17,395 | – | – | −49.2% | – | −41.0% | −26.9% | 0.00% | |
| 2,157 | 75.97 | 19.34 | – | – | 25.5% | – | 0.00% | |
| 636 | – | 2.29 | +4.2% | – | – | 0.7% | 0.00% | |
| 137 | 10.68 | 1.09 | +55.0% | +8.8% | 11.2% | – | 0.42% |
Dividends
Per share, by the year it was paid for, and the latest payments.Eicher Motors dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹82.00 |
| 1 Aug 2025 | Final | ₹70.00 |
| 7 Aug 2024 | Final | ₹51.00 |
| 14 Aug 2023 | Final | ₹37.00 |
| 12 Aug 2022 | Final | ₹21.00 |
| 9 Aug 2021 | Final | ₹17.00 |
Latest announcements
Routine notices left out.Eicher Motors announcements
Oct 2026
1 Oct · Monthly Business Updates
Sep 2026
22 Sep · General Updates
15 Sep · Analysts
Eicher Motors share price by year
Each calendar year to 2025.Eicher Motors share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 7,312.50 | +51.7% | 7,324.00 | 4,703.35 |
| 2024 | 4,821.90 | +16.4% | 5,062.60 | 3,616.45 |
| 2023 | 4,143.50 | +28.4% | 4,180.35 | 2,852.40 |
| 2022 | 3,227.75 | +24.5% | 3,850.45 | 2,256.05 |
| 2021 | 2,591.90 | +2.4% | 2,972.60 | 2,317.30 |
| 2020 | 2,530.90 | +12.4% | 2,693.30 | 1,268.01 |
| 2019 | 2,251.53 | −2.8% | 2,326.13 | 1,538.35 |
| 2018 | 2,315.84 | −23.7% | 3,159.93 | 2,102.62 |
| 2017 | 3,034.09 | +39.2% | 3,286.20 | 2,219.65 |
| 2016 | 2,180.31 | +29.4% | 2,628.14 | 1,545.95 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 7,002.00 | 7,102.00 | 6,931.50 | 7,099.50 | 7,049.22 | 3,31,591 | 46.4% |
| 23 Oct 2026 | 7,099.50 | 7,100.00 | 6,911.00 | 7,066.00 | 6,979.30 | 3,69,072 | 52.2% |
| 22 Oct 2026 | 7,088.00 | 7,230.00 | 7,022.00 | 7,084.50 | 7,085.01 | 4,06,738 | 47.4% |
| 21 Oct 2026 | 7,360.50 | 7,416.00 | 7,088.50 | 7,170.50 | 7,178.46 | 5,70,831 | 44.1% |
| 19 Oct 2026 | 7,320.00 | 7,438.50 | 7,308.00 | 7,349.00 | 7,384.47 | 4,90,129 | 47.8% |
| 16 Oct 2026 | 7,225.50 | 7,286.00 | 7,185.50 | 7,284.50 | 7,252.06 | 3,68,563 | 59.1% |
| 15 Oct 2026 | 7,082.50 | 7,270.50 | 7,050.00 | 7,225.00 | 7,209.55 | 4,18,885 | 50.9% |
| 14 Oct 2026 | 7,135.00 | 7,154.50 | 7,040.00 | 7,082.50 | 7,086.89 | 4,60,500 | 59.3% |
| 13 Oct 2026 | 7,098.00 | 7,170.50 | 7,031.00 | 7,163.00 | 7,116.80 | 3,46,905 | 48.4% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 24 Aug 2020 | Split | 0.1000 | Each share became 10. |
Company details
- NSE symbol
- EICHERMOT
- BSE code
- 505200
- ISIN
- INE066A01021
- Industry
- Automobiles
- Website
- www.eicher.in
- CIN
- L34102DL1982PLC129877
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1982
- Registered office
- Office No. 1111, 11th Floor, Ashoka Estate, Plot No. 24, Barakhamba Road, New Delhi 110001, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments