Eicher Motors logo

Eicher Motors share price

NSE: EICHERMOTBSE: 505200AutomobilesLarge Cap

Eicher Motors Limited · Face value ₹1 · Listed Feb 1986 on BSE, Sep 2004 on NSE
Last close ₹7,165.00up ₹65.50 (0.92%)BSE ₹7,150.00

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

52-week range of traded prices to 27 Oct 2026
₹6,442.00Low, 7 Apr 2026₹8,230.00High, 27 Feb 2026
Market cap
₹1,96,695 Cr43rd largest listed
P/E
34.07
P/B
7.84
Dividend yield
1.14%
ROE
24.9%
ROCE
20.7%
Debt to equity
0.01
Volume, NSE
3,33,27053.4% delivered

Eicher Motors share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+3.7%over a year · Nifty Auto −7.1% · Nifty 500 −8.8%

Results20-session average 4,26,448 shares a day, 54.2% 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
    Itemyear to Mar 2026
    Americas6.6%
    Asia Pacific9.7%
    Europe, Middle East and Africa7.6%

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
    Itemyear to Mar 2026
    India11,07,343
    Outside India1,20,634
  • 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 India4344
    Itemyear to Mar 2026
    Light and medium duty trucks (5 to 18.5 tonnes)34.9%
    Buses, Eicher and Volvo19.3%
    Heavy duty trucks, Eicher and Volvo9.7%
    It ranks first in light and medium duty trucks.
  • 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. 1. Annual report, 25 Jul 2026, page 86
  2. 2. Annual report, 25 Jul 2026, page 12
  3. 3. Annual report, 25 Jul 2026, page 61
  4. 4. Annual report, 25 Jul 2026, page 86
  5. 5. Annual report, 25 Jul 2026, page 17
  6. 6. Annual report, 25 Jul 2026, page 86
  7. 7. Annual report, 25 Jul 2026, page 12
  8. 8. Annual report, 25 Jul 2026, page 12
  9. 9. Investor presentation, 29 Jul 2026, page 10
  10. 10. Annual report, 25 Jul 2026, page 307
  11. 11. Annual report, 25 Jul 2026, page 184
  12. 12. Investor presentation, 29 Jul 2026, page 5
  13. 13. Annual report, 25 Jul 2026, page 414
  14. 14. Earnings call, 29 Jul 2026, page 3
  15. 15. Earnings call, 29 Jul 2026, page 3
  16. 16. Annual report, 25 Jul 2026, page 15
  17. 17. Annual report, 25 Jul 2026, page 16
  18. 18. Annual report, 25 Jul 2026, page 9
  19. 19. Earnings call, 29 Jul 2026, page 4
  20. 20. Annual report, 25 Jul 2026, page 12
  21. 21. Investor presentation, 29 Jul 2026, page 21
  22. 22. Annual report, 25 Jul 2026, page 14
  23. 23. Investor presentation, 29 Jul 2026, page 50
  24. 24. Annual report, 25 Jul 2026, page 61
  25. 25. Investor presentation, 29 Jul 2026, page 26
  26. 26. Earnings call, 29 Jul 2026, page 16
  27. 27. Earnings call, 29 Jul 2026, page 11
  28. 28. Annual report, 25 Jul 2026, page 92
  29. 29. Earnings call, 29 Jul 2026, page 16
  30. 30. Annual report, 25 Jul 2026, page 17
  31. 31. Annual report, 25 Jul 2026, page 148
  32. 32. Annual report, 25 Jul 2026, page 10
  33. 33. Annual report, 25 Jul 2026, page 61
  34. 34. Annual report, 25 Jul 2026, page 62
  35. 35. Exchange filing, 10 Feb 2026, page 2
  36. 36. Annual report, 25 Jul 2026, page 62
  37. 37. Earnings call, 29 Jul 2026, page 4
  38. 38. Earnings call, 29 Jul 2026, page 7
  39. 39. Exchange filing, 18 May 2026, page 2
  40. 40. Annual report, 25 Jul 2026, page 14
  41. 41. Annual report, 25 Jul 2026, page 97
  42. 42. Annual report, 25 Jul 2026, page 16
  43. 43. Annual report, 25 Jul 2026, page 12
  44. 44. Annual report, 25 Jul 2026, page 15
  45. 45. Earnings call, 29 Jul 2026, page 5
  46. 46. Annual report, 25 Jul 2026, page 144
  47. 47. Annual report, 25 Jul 2026, page 1
  48. 48. Exchange filing, 21 May 2026, page 1
  49. 49. Exchange filing, 21 May 2026, page 3
  50. 50. Annual report, 25 Jul 2026, page 83

Results

Consolidated; ₹ crore.Eicher Motors quarterly results

Revenue growth, 12 months
+28.1%
Net profit growth, 12 months
+19.3%

Quarter to Jun 2026, against the quarter before

Revenue
₹6,632 Crup 9.08%
Net profit
₹1,463 Crdown 3.78%
Net margin
22.1%

Revenue by quarter

₹4,263 CrSep 24₹4,973 CrDec 24₹5,241 CrMar 25₹5,042 CrJun 25₹6,172 CrSep 25₹6,114 CrDec 25₹6,080 CrMar 26₹6,632 CrJun 26
Peak revenue ₹6,632 Cr, quarter to Jun 2026; lowest ₹4,263 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹1,100 CrSep 24₹1,171 CrDec 24₹1,362 CrMar 25₹1,205 CrJun 25₹1,369 CrSep 25₹1,421 CrDec 25₹1,520 CrMar 26₹1,463 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,2634,9735,2415,0426,1726,1146,0806,632
Net profit1,1001,1711,3621,2051,3691,4211,5201,463
Net margin25.8%23.5%26.0%23.9%22.2%23.2%25.0%22.1%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 43% of 2,478 trading days over the last 10 years.

LowestHighest
Its median37.40Industry median17.01
Price to book

At or below today's level on 82% of 1,972 trading days since Nov 2018.

LowestHighest
Its median6.76Industry median2.29
Dividend yield

At or below today's level on 95% of 2,474 trading days over the last 10 years.

LowestHighest
Its median0.63%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Eicher Motors shareholding pattern

Shareholding by group

  • Promoters49.02%
  • Foreign institutions24.02%
  • Indian institutions17.60%
  • Individuals and others9.36%
Holder
THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4)Promoter43.82%
Life Insurance Corporation of IndiaInsurance companies2.93%
THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash)Promoter1.77%
Nps Trust- A/C Lic Pension Fund Scheme - State GovtProvident and pension funds1.73%
Simran LalPromoter1.15%
TARA LALPromoter1.15%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.51 pts, Indian institutions +1.54 pts, mutual funds +0.14 pts.

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 time
4
Bought again
4
Added
125
Cut
105
Held unchanged
115
Sold out
20
Fund
HDFC Mutual Fund logoHDFC Flexi Cap FundHDFC Mutual Fund34,87,5842.30%₹2,493.6 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund26,75,9480.94%₹1,913.3 Cr
SBI Mutual Fund logoSBI Focused FundSBI Mutual Fund14,00,0001.99%₹1,001.0 Cr
HDFC Mutual Fund logoHDFC Focused FundHDFC Mutual Fund11,94,9633.22%₹854.4 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund9,17,7340.94%₹656.2 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund8,59,0940.94%₹614.3 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund7,76,5490.73%₹555.2 Cr
SBI Mutual Fund logoSBI Flexicap FundSBI Mutual Fund7,61,0002.46%₹544.1 Cr
HDFC Mutual Fund logoHDFC Defence FundHDFC Mutual Fund7,50,0004.67%₹536.3 Cr
Mirae Asset Mutual Fund logoMirae Asset Large Cap FundMirae Asset Mutual Fund7,26,9051.46%₹519.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Bajaj Auto logoBajaj AutoBAJAJ-AUTO2,85,52121.847.80+47.9%+56.9%36.9%23.6%1.44%
TVS Motor Company logoTVS Motor CompanyTVSMOTOR1,94,16856.6520.30+30.2%+43.7%37.9%18.0%0.29%
Hero MotoCorp logoHero MotoCorpHEROMOTOCO1,04,44419.174.83+25.6%+8.2%26.7%29.2%3.55%
Ather Energy logoAther EnergyATHERENERG66,391–15.49––−6.7%−6.5%0.00%
Ola Electric Mobility logoOla Electric MobilityOLAELEC17,395––−49.2%–−41.0%−26.9%0.00%
Zelio E Mobility logoZelio E MobilityZELIO2,15775.9719.34––25.5%–0.00%
Mercury Ev-Tech logoMercury Ev-TechMERCURYEV636–2.29+4.2%––0.7%0.00%
Tunwal E-Motors logoTunwal E-MotorsTUNWAL13710.681.09+55.0%+8.8%11.2%–0.42%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

10Mar 1711Mar 1813Mar 1913Mar 2017Mar 2121Mar 2237Mar 2351Mar 2470Mar 2582Mar 26
Highest ₹82.00 a share, year to Mar 2026.
Ex-dateTypePer share
31 Jul 2026Final₹82.00
1 Aug 2025Final₹70.00
7 Aug 2024Final₹51.00
14 Aug 2023Final₹37.00
12 Aug 2022Final₹21.00
9 Aug 2021Final₹17.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Eicher Motors announcements

Eicher Motors share price by year

Each calendar year to 2025.Eicher Motors share price history

YearClose at year endChangeHighest closeLowest close
20257,312.50+51.7%7,324.004,703.35
20244,821.90+16.4%5,062.603,616.45
20234,143.50+28.4%4,180.352,852.40
20223,227.75+24.5%3,850.452,256.05
20212,591.90+2.4%2,972.602,317.30
20202,530.90+12.4%2,693.301,268.01
20192,251.53−2.8%2,326.131,538.35
20182,315.84−23.7%3,159.932,102.62
20173,034.09+39.2%3,286.202,219.65
20162,180.31+29.4%2,628.141,545.95
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 20267,002.007,102.006,931.507,099.507,049.223,31,59146.4%
23 Oct 20267,099.507,100.006,911.007,066.006,979.303,69,07252.2%
22 Oct 20267,088.007,230.007,022.007,084.507,085.014,06,73847.4%
21 Oct 20267,360.507,416.007,088.507,170.507,178.465,70,83144.1%
19 Oct 20267,320.007,438.507,308.007,349.007,384.474,90,12947.8%
16 Oct 20267,225.507,286.007,185.507,284.507,252.063,68,56359.1%
15 Oct 20267,082.507,270.507,050.007,225.007,209.554,18,88550.9%
14 Oct 20267,135.007,154.507,040.007,082.507,086.894,60,50059.3%
13 Oct 20267,098.007,170.507,031.007,163.007,116.803,46,90548.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
24 Aug 2020Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Siddhartha Vikram Lal
At the end of the quarter to Jun 2026
Managing director
Govindarajan Balakrishnan
At the end of the quarter to Jun 2026
NSE symbol
EICHERMOT
BSE code
505200
ISIN
INE066A01021
Industry
Automobiles
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