# Eicher Motors share price today (Eicher Motors Ltd, NSE: EICHERMOT)

> Eicher Motors share price today: ₹7,440.00 at the NSE close on 3 November 2026, up 6.2% in a year. Eicher Motors (NSE: EICHERMOT) is worth ₹2,04,244 crore, trades at a P/E of 35.1 and has closed between ₹6,649.50 and ₹8,066.50 over the past 52 weeks. > Eicher Motors Ltd's earnings have grown faster than its share price. Earnings per share grew +16.4% in a year while the price moved +6.2%. EICHERMOT · Auto - 2 & 3 Wheelers · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/eicher-motors-ltd

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## Key numbers

- Business trend: Growing steadily, from fewer quarters than usual
- Price: ₹7,440.00 (+6.2% in a year)
- P/E: 35.1× (lower than 57% of the last 11 years)
- Revenue (Jun 2026): ₹6,632 Cr (+31.5% on a year ago)
- Profit (Jun 2026): ₹1,463 Cr (+21.4% on a year ago)
- Operating margin: 24.0% (flat on a year ago)
- ROCE: 31%, FY26
- Profit that came in as cash: 88%, last 3 years

The main question: foreign institutions moved −3.6 percentage points over 8 quarters while the business went the other way. ## What is the Eicher Motors share price today? Eicher Motors Ltd's share price was ₹7,440.00 at the close on 3 November 2026. It has been rising for 180 weeks. That is 2.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹6,650 and ₹8,067, and at that close it sat 56% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +294% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Eicher Motors this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and indian funds and insurers (DIIs) raised their stake for 4 quarters in a row. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹6,632 crore, +31.5% on a year earlier. Why: More people bought Royal Enfield motorcycles and VECV trucks and buses than a year earlier, so total sales rose. Next results: check if the new Cheyyar module starts on time and daily deliveries reach the planned level before festive demand. From the earnings call on 29 Jul 2026. 2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the June 2026 quarter profit was ₹1,463 crore, +21.4% on a year earlier. Why: Profit rose because both Royal Enfield and VECV sold more vehicles than a year earlier. Next results: check if raw material costs rise and if the lower other expenses repeat, since management would not give a cost forecast. From the earnings call on 29 Jul 2026. 3. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row From 14.6% to 17.6% of the company by the September 2026 quarter. ## What are Eicher Motors' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Eicher Motors reported revenue of ₹6,632 crore, up 31.5% from ₹5,042 crore a year earlier, and a profit of ₹1,463 crore, up 21.4% from ₹1,205 crore. ### Eicher Motors results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹6,632 crore | ₹5,042 crore | +31.5% |
| Profit | ₹1,463 crore | ₹1,205 crore | +21.4% |
| Earnings per share | ₹53.28 | ₹43.95 | +21.2% |
| Operating margin | 24.0% | 24.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Eicher Motors' management discussed these results on a call held on 29 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Eicher Motors share price history? Eicher Motors closed at ₹7,440.00 on 3 November 2026, up 6.2% from ₹7,007.00 a year earlier (31 October 2025) and up 179.5% over five years. Its highest weekly close since February 2016 was ₹8,066.50 on 14 August 2026. ### Eicher Motors share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹7,066.00 | +5.3% |
| 1 month ago · 1 Oct 2026 | ₹6,920.00 | +7.5% |
| 6 months ago · 30 Apr 2026 | ₹7,109.00 | +4.7% |
| 1 year ago · 31 Oct 2025 | ₹7,007.00 | +6.2% |
| 3 years ago · 3 Nov 2023 | ₹3,428.00 | +117.0% |
| 5 years ago · 4 Nov 2021 | ₹2,661.60 | +179.5% |
| 10 years ago · 4 Nov 2016 | ₹2,392.98 | +210.9% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹1,888.56 | +294.0% |
| Highest weekly close since February 2016, also the 52-week high · 14 Aug 2026 | ₹8,066.50 | −7.8% |
| Lowest weekly close since February 2016 · 3 Apr 2020 | ₹1,268.01 | +486.7% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹6,649.50 | +11.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Eicher Motors? 3 Nov 2026: Eicher Motors closed at ₹7,440.00, up 5.3% on the week and up 7.5% on the month. 31 Jul 2026: ex-date for a dividend of ₹82 a share. ### Earlier

- 29 Jul 2026: Eicher Motors held its results call for April to June 2026. Management guided: FY27 framed as a growth-led year with continued momentum across Royal Enfield and VECV. - Results for April to June 2026: Revenue up 31.5% and profit up 21.4% on a year earlier. ## What dividend does Eicher Motors pay? Eicher Motors paid ₹82 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.10% at the ₹7,440.00 close on 3 November 2026. The last was a dividend of ₹82 a share, ex-date 31 July 2026. ### Eicher Motors dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 31 Jul 2026 | ₹82 | Dividend |
| 1 Aug 2025 | ₹70 | Dividend |
| 7 Aug 2024 | ₹51 | Dividend |
| 14 Aug 2023 | ₹37 | Dividend |
| 12 Aug 2022 | ₹21 | Dividend |
| 9 Aug 2021 | ₹17 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Eicher Motors Ltd paid out 41% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Eicher Motors management say on the latest results call? On the call for April to June 2026, held on 29 July 2026, Eicher Motors' management guided: FY27 framed as a growth-led year with continued momentum across Royal Enfield and VECV. > “We are on the path to reach 2.45 million capacity by FY30”
> B. Govindarajan, on the call for April to June 2026

### What management guided

- Cheyyar brownfield expansion to reach 2 million motorcycles of annual capacity by FY28, following ₹958 crore of spending; first module already active. - Cheyyar next module expected by the first week of October, with plant deliveries at 5,000-5,100 units per day during the ramp-up. - Flying Flea to expand through 10 Bengaluru retail locations over the next two months before broader city-by-city rollout. - Royal Enfield is setting up its own CKD facility in Brazil to support international growth. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/697-29-Jul-2026.pdf). (From the call for April to June 2026, 29 July 2026.)

## What to watch in Eicher Motors' next results? When Eicher Motors reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Cheyyar next module start by the first week of October, daily deliveries reaching 5,000-5,100 units and dealer inventory remaining near the 10-12 day level before festive demand. - What to check (from the call)
- Cheyyar next module start by the first week of October, daily deliveries reaching 5,000-5,100 units and dealer inventory remaining near the 10-12 day level before festive demand. - Royal Enfield 450cc and 650cc momentum: Guerrilla 450 around 2,500 monthly and Twins at 4,000-4,200; track whether recovery broadens to Himalayan, Super Meteor and Shotgun. - Flying Flea progress against the 10 Bengaluru-location plan, including deliveries beyond 100 C6 motorcycles and customer usage beyond 29,000 cumulative kilometers. - Management's decision this quarter on an own Indonesia CKD plant to address the 10,000-vehicle quota and scale the market despite its over 150.0% luxury tax. ## Which stock lists is Eicher Motors on? Eicher Motors is on one of our India lists: Nifty 50 companies. [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)

## Is Eicher Motors profitable? Eicher Motors Ltd earned ₹1,463 Cr of net profit in the Jun 2026 quarter, +21.4% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹5,515 Cr. Over 10 years profit has grown 15.2% a year on average. That is 22.1% of the quarter's revenue. The same quarter a year earlier earned ₹1,205 Cr. For the full year, FY26 profit was ₹5,515 Cr (+16.5% on the year before). Why profit moved: revenue changed +31.5% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +19.8% and revenue +28.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Eicher Motors make, and is it growing? Eicher Motors Ltd reported ₹6,632 Cr of revenue in the Jun 2026 quarter, +31.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 14.3% a year on average. The last full year, FY26, came in at ₹23,408 Cr. The last four reported quarters add to ₹24,998 Cr. FY26 revenue was ₹23,408 Cr, +24.0% on the year before. Recent pace: the last four quarters grew +28.8% on average, against 14.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +28.1%, against +21.5% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +19.4%, against +17.5% a year (stabilising). ## How much of every ₹100 of sales does Eicher Motors keep? Eicher Motors Ltd's operating margin was 24.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 11.0% and 31.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed −2.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Eicher Motors' profit turning into cash? Over the last 3 years, 88% of Eicher Motors Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹4,805 Cr of operating cash against ₹5,515 Cr of profit. After ₹1,464 Cr of spending on assets, ₹3,341 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 88% of profit came in as cash: the cash cycle got 23 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building. ## Where does Eicher Motors' cash go? Eicher Motors Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −16 days in FY26, up from −39 days in FY21. It spent ₹3,593 Cr on assets over the last 3 years. Customers take 6 days to pay, and stock sits for 55 days on average. At FY26 sales of ₹23,408 Cr, each day of that cycle ties up about ₹64.1 Cr, so roughly −₹1,026 Cr is tied up in the business at any time. FY26: customers took 6 days to pay and stock sat for 55 days, about 1.8 months of sales sitting as stock, for a full cycle of −16 days, longer than FY21's −39. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 55 days. Customers pay about 6 days after that. Suppliers are paid at 76 days. Together that makes the −16-day cycle. Spending on assets: ₹3,593 Cr over the last 3 years, against ₹2,167 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹736 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Eicher Motors' P/E ratio, and how does it compare with its own history? Eicher Motors Ltd's P/E is 35.1×, in the middle of its own history: higher than 43% of past readings. Its usual P/E (the middle reading) is 37.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +16.4% while the price moved +6.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +22.8% a year; about +28.7% a year came from earnings growth and about −5.9 percentage points from the multiple (the market paying less); over 10 years the price moved +12.0% a year; about +15.1% a year came from earnings growth and about −3.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 8.0% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Eicher Motors business getting better or worse? Eicher Motors Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 31.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: steady growth with healthy returns is how a business compounds over time. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Eicher Motors earn on its capital? Eicher Motors Ltd earned a ROCE of 31% in FY26. That is up from a low of 17% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 23.6% net margin and 0.73× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 23.6% net margin × 0.73× asset turnover × 1.28× leverage (assets divided by equity) ≈ 22.1% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 8.0% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Eicher Motors have too much debt? Eicher Motors Ltd had ₹514 Cr of borrowings against ₹25,100 Cr of equity in FY26, so its debt is 0.02× its equity. Its operating profit is 80 times its interest bill. Over 5 years borrowings went from ₹219 Cr to ₹514 Cr. Over the last 3 of those years it spent ₹3,593 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 8.0% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Eicher Motors shareholding pattern? Domestic institutions raised their stake in Eicher Motors Ltd by 3.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 17.6% of the company. Foreign institutions moved −3.6 points over the same period, to 24.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.9 points over 8 quarters, to 17.6%; Foreign institutions: −3.6 points over 8 quarters, to 24.0%; Promoters: −0.1 points over 8 quarters, to 49.0%. Why the owners changed: foreign institutions moved −3.6 points and domestic institutions +3.9 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Eicher Motors from balance-sheet trouble? For Eicher Motors Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Eicher Motors rank in its industry? 56.5 out of 100, rank 5 of 8 in Auto - 2 & 3 Wheelers, with 78% of the evidence available. Eicher Motors Ltd scores 56.5 out of 100 against the 8 companies it is compared with in Auto - 2 & 3 Wheelers, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.8 + 20.4 + 10.6 + 6.7 = 56.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Eicher Motors compared with? Eicher Motors ranks 5 of 8 Auto - 2 & 3 Wheelers companies on the 4-Factor Sector Score, with 56.5 out of 100. 1. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) TVSMOTOR · losing its lead · Evidence leans up · 82% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 34.3% · Profit 43.3% · Operating margin change -1 points · 95% evidence Capital efficiency 15.8/25 · ROCE 17.4% · Operating margin 14% · 76% evidence Valuation 8.4/20 · P/E 51.7× · PEG n/a · 50% evidence Relative strength 15.8/20 · Lead over its industry 4.9% · Lead over NIFTY 500 17.2% · 1 year 19.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.4 + 15.8 + 8.4 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ather Energy Ltd](https://www.sectoralpha.in/stocks/ather-energy-ltd) ATHERENERG · leader · Evidence leans up · 71% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.8/35 · Revenue 68.5% · Profit 69.4% · Operating margin change 15.5 points · 74% evidence Capital efficiency 3.5/25 · ROCE -19.8% · Operating margin 0.8% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 20.0/20 · Lead over its industry 65.7% · Lead over NIFTY 500 81.8% · 1 year 153.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.8 + 3.5 + 10 + 20 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Hero MotoCorp Ltd](https://www.sectoralpha.in/stocks/hero-motocorp-ltd) HEROMOTOCO · losing its lead · Evidence leans up · 85% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 27% · Profit 13.7% · Operating margin change -1 points · 100% evidence Capital efficiency 20.8/25 · ROCE 35.2% · Operating margin 13% · 100% evidence Valuation 13.2/20 · P/E 17× · PEG 1.96 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 1% · 1 year -6.8% · 25% evidence · 10 of 12 weeks ahead Exact sum: 16.4 + 20.8 + 13.2 + 9.6 = 60 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) BAJAJ-AUTO · losing its lead · Evidence leans up · 87% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 47.9% · Profit 53.8% · Operating margin change 1 points · 95% evidence Capital efficiency 20.6/25 · ROCE 28.2% · Operating margin 19% · 95% evidence Valuation 7.6/20 · P/E 21.7× · PEG n/a · 50% evidence Relative strength 8.4/20 · Lead over its industry -3.2% · Lead over NIFTY 500 8% · 1 year 16.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 23.2 + 20.6 + 7.6 + 8.4 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Eicher Motors Ltd this page EICHERMOT · quiet · Evidence leans up · 78% evidence 56.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 28.1% · Profit 19.4% · Operating margin change 0 points · 83% evidence Capital efficiency 20.4/25 · ROCE 30.5% · Operating margin 24% · 76% evidence Valuation 10.6/20 · P/E 34.1× · PEG n/a · 50% evidence Relative strength 6.7/20 · Lead over its industry -7.8% · Lead over NIFTY 500 3.3% · 1 year 3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.8 + 20.4 + 10.6 + 6.7 = 56.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Atul Auto Ltd](https://www.sectoralpha.in/stocks/atul-auto-ltd) ATULAUTO · quiet · Evidence leans down · 75% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 26.2% · Profit 100% · Operating margin change -4 points · 95% evidence Capital efficiency 10.4/25 · ROCE 11.3% · Operating margin 5.2% · 76% evidence Valuation 9.7/20 · P/E 24.6× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -17% · Lead over NIFTY 500 -7.1% · 1 year -16.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 10.4 + 9.7 + 0 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ola Electric Mobility Ltd](https://www.sectoralpha.in/stocks/ola-electric-mobility-ltd) OLAELEC · basing · Too little evidence to rank firmly · 53% evidence 31.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue -49.2% · Profit 26.1% · Operating margin change -7 points · 65% evidence Capital efficiency 0.0/25 · ROCE -19.9% · Operating margin -36% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.5% · 1 year -33.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.3 + 0 + 10 + 8.5 = 31.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Munjal Showa Ltd](https://www.sectoralpha.in/stocks/munjal-showa-ltd) MUNJALSHOW · Most evidence points down · 76% evidence 30.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.7/43.75 · Revenue 12.4% · Profit 0% · Operating margin change 0.1 points · 88% evidence Capital efficiency 7.1/31.25 · ROCE 4.5% · Operating margin 0.7% · 100% evidence Valuation 9.3/25 · P/E 18.8× · PEG 2.12 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 13.7 + 7.1 + 9.3 = 30.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto - 2 & 3 Wheelers](https://www.sectoralpha.in/sectors/auto-2-3-wheelers), all 8 compared on one page. ## Which companies are close to Eicher Motors in size? Eicher Motors is the 3rd largest of 8 Auto - 2 & 3 Wheelers companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bajaj Auto and TVS Motor Company. Just below it: Hero MotoCorp, Ather Energy, Ola Electric Mobility and Atul Auto. ### Auto - 2 & 3 Wheelers companies close in size

1. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) ₹2,84,422 crore
2. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) ₹1,99,309 crore
3. Eicher Motors Ltd ₹1,98,205 crore
4. [Hero MotoCorp Ltd](https://www.sectoralpha.in/stocks/hero-motocorp-ltd) ₹1,03,424 crore
5. [Ather Energy Ltd](https://www.sectoralpha.in/stocks/ather-energy-ltd) ₹69,693 crore
6. [Ola Electric Mobility Ltd](https://www.sectoralpha.in/stocks/ola-electric-mobility-ltd) ₹16,586 crore
7. [Atul Auto Ltd](https://www.sectoralpha.in/stocks/atul-auto-ltd) ₹1,128 crore

[All 8 Auto - 2 & 3 Wheelers companies, largest first](https://www.sectoralpha.in/sectors/auto-2-3-wheelers#all-companies)

### Companies close in size in other industries

1. [TVS Motor Company Ltd](https://www.sectoralpha.in/stocks/tvs-motor-company-ltd) ₹1,99,309 crore · Auto - 2 & 3 Wheelers
2. [Hindalco Industries Ltd](https://www.sectoralpha.in/stocks/hindalco-industries-ltd) ₹1,98,812 crore · Aluminium
3. Eicher Motors Ltd ₹1,98,205 crore
4. [Wipro Ltd](https://www.sectoralpha.in/stocks/wipro-ltd) ₹1,96,439 crore · IT - Software
5. [Shriram Finance Ltd](https://www.sectoralpha.in/stocks/shriram-finance-ltd) ₹1,93,694 crore · Finance & Investments - CV Finance

## What else do people ask about Eicher Motors? ### What is Eicher Motors's share price today? Eicher Motors Ltd's share price is ₹7,440.00, +6.2% over the past year. The whole company is worth ₹2,04,244 Cr on the market. In the last 52 weeks it traded between ₹6,650 to ₹8,067; today it is 56% of the way up from the low, 2.2% above its 200-day average (as of 3 November 2026). ### What were Eicher Motors's latest quarterly results? Eicher Motors Ltd reported revenue of ₹6,632 Cr and net profit of ₹1,463 Cr for the Jun 2026 quarter. Revenue rose 31.5% and profit rose 21.4% compared with a year earlier. Earnings per share were ₹53.28. The operating margin was 24.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Eicher Motors's market cap? Eicher Motors Ltd's market capitalisation is ₹2,04,244 Cr at a share price of ₹7,440.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Eicher Motors performing? Eicher Motors Ltd's share price has been rising for 180 weeks. In its latest quarter, revenue rose 31.5% and profit rose 21.4% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Eicher Motors's share price go up? This page does not forecast Eicher Motors Ltd's share price. What it shows instead: the share price is ₹7,440.00, and it has been rising for 180 weeks. Its P/E of 35.1× is higher than 43% of its own last 11 years (as of 3 November 2026). ### Where is Eicher Motors in its business cycle? Eicher Motors Ltd's FY26 operating margin was 25.0%, against a 13-year range of 11.0% to 31.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 24.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Eicher Motors story? The main question: foreign institutions moved −3.6 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Eicher Motors a stock worth studying right now? What the numbers show: Eicher Motors Ltd's earnings have grown faster than its share price. Earnings per share grew +16.4% in a year while the price moved +6.2%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Eicher Motors share price forecast for 2026? What management itself guided: FY27 framed as a growth-led year with continued momentum across Royal Enfield and VECV. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list

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