Eicher Motors Ltd
EICHERMOTEicher Motors Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved +41.7% in a year while annual EPS moved +16.4% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (167 weeks in) while the P/E sits at the 46th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +21.4% year on year, and 88% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Eicher Motors Ltd trades at ₹7,834, in a confirmed uptrend and 167 weeks into that stage. That is +10.5% against its own 200-day average. It sits at 89% of a 52-week range of ₹5,925 to ₹8,065. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks.
Today the stock is in a confirmed uptrend — week 167 of stage 2, confirmed. At ₹7,834 it trades +10.5% versus its 200-day average and sits at 89% of its 52-week range (₹5,925–₹8,065).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +315% while the NIFTY 500 moved +282% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Eicher Motors Ltd trades at 37.0× P/E, mid-range by its own standards (46th percentile). Its long-run median P/E is 37.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 37.0× is mid-range by its own standards (46th percentile), against a long-run median of 37.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +16.4% against a +41.7% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +25.4%/yr price move, ~+33.8%/yr came from earnings growth and ~−8.4 pp from the multiple (compressing); over 10y, of the +13.3%/yr price move, ~+16.2%/yr came from earnings growth and ~−2.9 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 8.0% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Eicher Motors Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 31.0% and holding. The read is built from 9 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +24.0% | +17.5% | +21.8% | +14.3% |
| Profit | +16.5% | +23.7% | +32.6% | +15.2% |
| EPS | +16.4% | +23.6% | +32.5% | +15.1% |
| Share price | +41.7% | +32.7% | +25.4% | +13.3% |
4-Factor Sector Score
62.3/100 — rank 3 of 8 in Auto - 2 & 3 Wheelers · 76% evidence confidence
Eicher Motors Ltd scores 62.3 out of 100 against the 8 companies it is compared with in Auto - 2 & 3 Wheelers, ranking 3. Price leads the evidence: RS versus the benchmark is 8.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 17.2 + 20.4 + 10.4 + 14.3 = 62.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Eicher Motors Ltd reported ₹6,632 Cr of revenue in the Jun 26 quarter, +31.5% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.3% a year. The last full year, FY26, came in at ₹23,408 Cr. The last four reported quarters add to ₹24,998 Cr.
FY26 revenue came in at ₹23,408 Cr (+24.0% on the year), capping 10 years at 14.3% compound. The latest quarter (Jun 26) printed ₹6,632 Cr, +31.5% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +28.8% growth against the decade's 14.3% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +28.1% over the last 4 quarters against +21.5%/yr over the last 8 — accelerating; TTM profit +19.4% vs +17.5%/yr — stabilising.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Eicher Motors Ltd's operating margin is 24.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 11.0% to 31.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 11.0%–31.0%.
Why the margin moved: operating margin went +0.1 pp year on year while gross margin went −2.7 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Eicher Motors Ltd earned ₹1,463 Cr of net profit in the Jun 26 quarter, +21.4% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹5,515 Cr. The 10-year compound rate is 15.2%. That is 22.1% of the quarter's revenue. The same quarter a year earlier earned ₹1,205 Cr.
Jun 26 profit was ₹1,463 Cr, +21.4% year on year — the 12th consecutive quarter of growth. On the full year, FY26 printed ₹5,515 Cr (+16.5%), and the 10-year compound rate is 15.2%.
Why profit moved: revenue contributed +31.5% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +19.8% vs revenue +28.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 88% of Eicher Motors Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹4,805 Cr of operating cash against ₹5,515 Cr of profit. After ₹1,464 Cr of capital spending, ₹3,341 Cr was left as free cash.
FY26: operating cash of ₹4,805 Cr against reported profit of ₹5,515 Cr, leaving free cash of ₹3,341 Cr after ₹1,464 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 88% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 88%: the cash cycle stretched 23 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Eicher Motors Ltd's cash conversion cycle runs −16 days in FY26, up from −39 days in FY21. Capital spending ran ₹3,593 Cr over the last 3 years. At FY26 sales of ₹23,408 Cr each day of that cycle holds about ₹64.1 Cr, so roughly ₹−1,026 Cr sits inside the business at any moment.
FY26: debtors at 6 days, inventory at 55 days — roughly 1.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −16 days, looser than FY21's −39.
The full loop: cash goes out to suppliers and production on day 0; stock waits 55 days to sell; customers pay about 6 days after that; and suppliers themselves are paid at 76 days — netting out to the −16-day cycle.
In money terms: at FY26 sales of ₹23,408 Cr, each day of the cycle holds about ₹64.1 Cr — so the −16-day loop keeps roughly ₹−1,026 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹3,593 Cr over the last 3 fiscal years against ₹2,167 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹736 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Eicher Motors Ltd earns a ROCE of 31% in FY26. That is up from a trough of 17% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 23.6% net margin on 0.73× asset turns.
FY26 ROCE is 31%, recovered from a FY21 trough of 17% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 23.6% net margin × 0.73× asset turns × 1.28× balance-sheet leverage ≈ 22.1% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 8.0% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Eicher Motors Ltd carries ₹514 Cr of borrowings against ₹25,100 Cr of equity in FY26, a debt-to-equity of 0.02. Operating profit covers the interest bill 80×. Over 5 years borrowings went from ₹219 Cr to ₹514 Cr. Capital spending ran ₹3,593 Cr across the last 3 of those years.
FY26: borrowings of ₹514 Cr against equity of ₹25,100 Cr — a debt-to-equity of 0.02. Operating profit covers the interest bill 80×. Over 5 years borrowings went from ₹219 Cr to ₹514 Cr while capital spending ran ₹3,593 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 8.0% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 4.1 points of Eicher Motors Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 16.0% of the company. Foreign institutions moved −3.3 points over the same window, to 25.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +4.1 points over 8 quarters to 16.0%; Foreign institutions: −3.3 points over 8 quarters to 25.5%; Promoters: −0.1 points over 8 quarters to 49.0%.
Why the register moved: rotation — foreign institutions −3.3 points against domestic institutions +4.1 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Eicher Motors Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Hero MotoCorp LtdHEROMOTOCO | 69.5/100Favorable setup90% evidence | TURNING | 19.2/35 Revenue 15.8% · PAT 32% · OPM change 0 pp 88% evidence | 21.4/25 ROCE 35.2% · OPM 14% 100% evidence | 19.6/20 P/E 18.8× · PEG 0.56 100% evidence | 9.3/20 RS sector 3.1% · RS bench -0.8% · 1Y 27.3%0 of 10 weeks ahead 70% evidence |
| Exact sum: 19.2 + 21.4 + 19.6 + 9.3 = 69.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Bajaj Auto LtdBAJAJ-AUTO | 65.5/100Favorable setup82% evidence | BREAKING OUT | 21.7/35 Revenue 36.9% · PAT 52.1% · OPM change 0 pp 95% evidence | 19.0/25 ROCE 28.2% · OPM 21% 76% evidence | 8.6/20 P/E 26.9× · PEG — 50% evidence | 16.2/20 RS sector 5.4% · RS bench 19.6% · 1Y 42.7%6 of 12 weeks ahead 100% evidence |
| Exact sum: 21.7 + 19 + 8.6 + 16.2 = 65.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Eicher Motors Ltdthis pageEICHERMOT | 62.3/100Mixed-positive evidence76% evidence | TURNING | 17.2/35 Revenue 28.1% · PAT 19.4% · OPM change 0 pp 95% evidence | 20.4/25 ROCE 30.5% · OPM 24% 76% evidence | 10.4/20 P/E 37× · PEG — 50% evidence | 14.3/20 RS sector 5.7% · RS bench 8.6% · 1Y 44.2%1 of 9 weeks ahead 70% evidence |
| Exact sum: 17.2 + 20.4 + 10.4 + 14.3 = 62.3 · Decision use: Price leads the evidence: RS versus the benchmark is 8.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4TVS Motor Company LtdTVSMOTOR | 62.0/100Mixed-positive evidence82% evidence | TURNING | 21.5/35 Revenue 30.5% · PAT 41.9% · OPM change -1 pp 95% evidence | 15.6/25 ROCE 17.4% · OPM 14% 76% evidence | 8.3/20 P/E 59.2× · PEG — 50% evidence | 16.6/20 RS sector 5% · RS bench 19.3% · 1Y 55.5%2 of 12 weeks ahead 100% evidence |
| Exact sum: 21.5 + 15.6 + 8.3 + 16.6 = 62 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Atul Auto LtdATULAUTO | 54.8/100Mixed-positive evidence76% evidence | FADING | 25.1/35 Revenue 14.1% · PAT 100% · OPM change 4 pp 83% evidence | 12.8/25 ROCE 11.4% · OPM 11% 95% evidence | 9.7/20 P/E 33.1× · PEG — 15% evidence | 7.2/20 RS sector -3.7% · RS bench 9.3% · 1Y 12.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 25.1 + 12.8 + 9.7 + 7.2 = 54.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Ather Energy LtdATHERENERG | 51.4/100Mixed-positive evidence68% evidence | LEADER | 26.4/35 Revenue 62.9% · PAT 36.3% · OPM change 19 pp 65% evidence | 1.0/25 ROCE -19.8% · OPM -6% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 14.0/20 RS sector 44% · RS bench 62% · 1Y 277%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26.4 + 1 + 10 + 14 = 51.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Munjal Showa LtdMUNJALSHOW | 33.7/100Adverse evidence83% evidence | BREAKING OUT | 12.1/35 Revenue 5.2% · PAT -24.3% · OPM change -2.4 pp 83% evidence | 7.3/25 ROCE 4.7% · OPM 0% 95% evidence | 7.7/20 P/E 23.4× · PEG — 50% evidence | 6.6/20 RS sector -8.1% · RS bench 4.6% · 1Y -8.4%5 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 7.3 + 7.7 + 6.6 = 33.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Ola Electric Mobility LtdOLAELEC | 26.5/100Adverse evidence62% evidence | TURNING | 11.8/35 Revenue -50.1% · PAT 19.5% · OPM change 8 pp 65% evidence | 1.7/25 ROCE -19.6% · OPM -106% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.0/20 RS sector -43.9% · RS bench -5.2% · 1Y -6.2%7 of 10 weeks ahead 70% evidence |
| Exact sum: 11.8 + 1.7 + 10 + 3 = 26.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Eicher Motors Ltd's share price today?
Eicher Motors Ltd trades at ₹7,834, +41.7% over the past year. The company is valued at ₹2,15,028 Cr. The stock sits at 89% of its 52-week range of ₹5,925–₹8,065, +10.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 167 weeks in. — as of 31 July 2026.
What were Eicher Motors Ltd's latest quarterly results?
Eicher Motors Ltd reported revenue of ₹6,632 Cr and net profit of ₹1,463 Cr for the Jun 26 quarter. Revenue rose 31.5% and profit rose 21.4% year on year. Earnings per share were ₹53.28. The operating margin was 24.0%, 0.0 pp higher than a year earlier. — as of 31 July 2026.
What is Eicher Motors Ltd's revenue?
Eicher Motors Ltd reported revenue of ₹6,632 Cr in the Jun 26 quarter, +31.5% year on year. For the full FY26 fiscal year, revenue was ₹23,408 Cr (+24.0%). Over the last 10 years revenue compounded at 14.3% a year. — as of 31 July 2026.
What is Eicher Motors Ltd's profit?
Eicher Motors Ltd earned ₹1,463 Cr of net profit in the Jun 26 quarter, +21.4% year on year — the 12th straight quarter of growth. Full-year FY26 profit was ₹5,515 Cr. The operating margin ran 24.0% in the latest quarter. — as of 31 July 2026.
What is Eicher Motors Ltd's market cap?
Eicher Motors Ltd's market capitalisation is ₹2,15,028 Cr at a share price of ₹7,834. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Eicher Motors Ltd's P/E ratio?
Eicher Motors Ltd trades at a P/E of 37.0×, at the 46th percentile of its own 10-year range, against a long-run median of 37.9×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Eicher Motors Ltd pay a dividend?
Yes — Eicher Motors Ltd's dividend payout was 41% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Eicher Motors Ltd overvalued?
On its own history, Eicher Motors Ltd looks mid-range against its own history: its P/E of 37.0× sits at the 46th percentile of its 10-year range (long-run median 37.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Eicher Motors Ltd growing?
Yes — Eicher Motors Ltd is growing: latest-quarter revenue +31.5% year on year, profit +21.4%, and the margin +0.0 pp at 24.0%. The 10-year compound rates are 14.3% (revenue) and 15.2% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Eicher Motors Ltd performing?
Eicher Motors Ltd is in a confirmed uptrend, 167 weeks in. Its latest quarter's revenue rose 31.5% and profit rose 21.4% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Eicher Motors Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 31.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +28.1% latest, profit growth +19.4% latest, eps growth +19.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Eicher Motors Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 167 of stage 2), trading +10.5% versus its 200-day average and at 89% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Eicher Motors Ltd beating the market?
On recent form, yes — Eicher Motors Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 4 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +315% against the NIFTY 500's +282% — ahead of the index over the full window. — as of 31 July 2026.
Will Eicher Motors Ltd's share price go up?
This page publishes no price forecast for Eicher Motors Ltd. What it measures instead: the share price is ₹7,834, the price is in a confirmed uptrend 167 weeks in. Its P/E of 37.0× sits at the 46th percentile of its own 10-year range. — as of 31 July 2026.
Who owns Eicher Motors Ltd?
Promoters hold 49.0% of Eicher Motors Ltd, foreign institutions 25.5%, domestic institutions 16.0% and the public 9.4% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 4.1 points over 8 quarters. — as of 31 July 2026.
Does Eicher Motors Ltd have too much debt?
No — Eicher Motors Ltd's debt-to-equity is 0.02, and operating profit covers the interest bill 80×. FY26 borrowings were ₹514 Cr against equity of ₹25,100 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Eicher Motors Ltd's capex?
Eicher Motors Ltd spent ₹3,593 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1,464 Cr, with ₹736 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Eicher Motors Ltd's cash flow?
Eicher Motors Ltd generated ₹4,805 Cr of operating cash flow in FY26 and ₹3,341 Cr of free cash flow after ₹1,464 Cr of capital spending. Reported profit that year was ₹5,515 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Eicher Motors Ltd's profit real cash?
Yes — over the last 3 fiscal years, 88% of Eicher Motors Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹4,805 Cr against reported profit of ₹5,515 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Eicher Motors Ltd in its business cycle?
Eicher Motors Ltd's FY26 operating margin was 25.0%, against a 13-year band of 11.0%–31.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 24.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Eicher Motors Ltd story?
The sharpest disagreement: the price moved +41.7% in a year while annual EPS moved +16.4% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Eicher Motors Ltd a stock worth studying right now?
This is not investment advice. The machine read: Eicher Motors Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.