Eicher Motors Ltd (EICHERMOT) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.48%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 25.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 24.0%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹7,326.28

200-Day DMA ● Overlay

₹6,794.84

14-Day RSI ● Overlay

50.3 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.90 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

31.7x

Price / EPS

Book Value (₹) Assets

₹915.0

P/B: 7.8x

ROE (%) Quality

24.0%

Net Profit / Equity

ROCE (%) Efficiency

30.5%

EBIT / Capital

Dividend Yield Yield

1.18%

Face Value: ₹10

Debt / Equity Solvency

0.02x

Low Debt

EPS (TTM) Per Share

₹218.65

Trailing 12M

OPM (%) Spread

25.0%

EBITDA Margin

Free Cash Flow Cash

₹3,538 Cr

CFO - Capex

About Eicher Motors Ltd

Eicher Motors Ltd (EICHERMOT) is a leading Indian enterprise operating in the Automobile sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 18% × Turnover: 0.85x × Leverage: 1.02x = ROE: 24%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Company has a stellar track record of return on equity (ROE of 24.0%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 7.8x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹24,998 Cr

Latest PAT

₹5,773 Cr

EPS (TTM)

₹218.65

OPM %

25.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹5,812 Cr	₹6,062 Cr	₹6,374 Cr	₹6,624 Cr
Operating Profit (EBITDA)	₹1,418 Cr	₹1,503 Cr	₹1,606 Cr	₹1,696 Cr
OPM %	24.4%	24.8%	25.2%	25.6%
Interest Expense	₹113.45 Cr	₹120.27 Cr	₹128.51 Cr	₹135.67 Cr
Depreciation	₹170.18 Cr	₹180.41 Cr	₹192.76 Cr	₹203.50 Cr
Profit before Tax (PBT)	₹1,135 Cr	₹1,203 Cr	₹1,285 Cr	₹1,357 Cr
Net Profit (PAT)	₹850.88 Cr	₹902.02 Cr	₹963.82 Cr	₹1,018 Cr
EPS in ₹	₹55.77	₹58.17	₹61.17	₹63.57

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹9,499 Cr	₹10,749 Cr	₹12,249 Cr	₹13,999 Cr	₹15,999 Cr	₹17,249 Cr	₹18,499 Cr	₹21,498 Cr	₹23,248 Cr	₹24,498 Cr	₹24,998 Cr	₹25,998 Cr
Expenses	₹7,295 Cr	₹8,191 Cr	₹9,285 Cr	₹10,471 Cr	₹11,919 Cr	₹13,040 Cr	₹13,652 Cr	₹15,952 Cr	₹17,529 Cr	₹18,374 Cr	₹18,674 Cr	₹19,368 Cr
Operating Profit	₹2,204 Cr	₹2,558 Cr	₹2,964 Cr	₹3,528 Cr	₹4,080 Cr	₹4,209 Cr	₹4,847 Cr	₹5,547 Cr	₹5,719 Cr	₹6,125 Cr	₹6,324 Cr	₹6,629 Cr
OPM %	23.2%	23.8%	24.2%	25.2%	25.5%	24.4%	26.2%	25.8%	24.6%	25%	25.3%	25.5%
Interest	₹154.27 Cr	₹179.08 Cr	₹207.50 Cr	₹246.94 Cr	₹285.58 Cr	₹294.61 Cr	₹339.26 Cr	₹388.26 Cr	₹400.33 Cr	₹428.72 Cr	₹442.71 Cr	₹464.06 Cr
Depreciation	₹264.46 Cr	₹307.00 Cr	₹355.71 Cr	₹423.33 Cr	₹489.56 Cr	₹505.04 Cr	₹581.59 Cr	₹665.59 Cr	₹686.28 Cr	₹734.94 Cr	₹758.94 Cr	₹795.54 Cr
Profit before Tax	₹1,983 Cr	₹2,302 Cr	₹2,668 Cr	₹3,175 Cr	₹3,672 Cr	₹3,788 Cr	₹4,362 Cr	₹4,992 Cr	₹5,147 Cr	₹5,512 Cr	₹5,692 Cr	₹5,967 Cr
Net Profit	₹1,488 Cr	₹1,727 Cr	₹2,001 Cr	₹2,381 Cr	₹2,754 Cr	₹2,841 Cr	₹3,271 Cr	₹3,744 Cr	₹3,860 Cr	₹4,134 Cr	₹4,269 Cr	₹4,475 Cr
EPS in Rs	91.15	103.15	117.54	134.33	153.52	165.51	177.51	206.29	223.08	235.08	239.87	249.47

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹1,996 Cr	₹2,281 Cr	₹2,680 Cr	₹3,137 Cr	₹3,593 Cr	₹3,992 Cr	₹4,334 Cr	₹4,791 Cr	₹5,190 Cr	₹5,532 Cr	₹5,703 Cr
Reserves & Surplus	₹25,949 Cr	₹29,656 Cr	₹34,846 Cr	₹40,777 Cr	₹46,708 Cr	₹51,898 Cr	₹56,346 Cr	₹62,277 Cr	₹67,467 Cr	₹71,915 Cr	₹74,139 Cr
Borrowings (Debt)	₹518.98 Cr	₹593.12 Cr	₹696.91 Cr	₹815.53 Cr	₹934.16 Cr	₹1,038 Cr	₹1,127 Cr	₹1,246 Cr	₹1,349 Cr	₹1,438 Cr	₹1,483 Cr
Total Liabilities	₹49,902 Cr	₹57,030 Cr	₹67,011 Cr	₹78,417 Cr	₹89,823 Cr	₹99,803 Cr	₹1.08 Lakh Cr	₹1.20 Lakh Cr	₹1.30 Lakh Cr	₹1.38 Lakh Cr	₹1.43 Lakh Cr
Fixed Assets	₹23,953 Cr	₹27,375 Cr	₹32,165 Cr	₹37,640 Cr	₹43,115 Cr	₹47,905 Cr	₹52,012 Cr	₹57,487 Cr	₹62,277 Cr	₹66,383 Cr	₹68,436 Cr
Total Assets	₹49,902 Cr	₹57,030 Cr	₹67,011 Cr	₹78,417 Cr	₹89,823 Cr	₹99,803 Cr	₹1.08 Lakh Cr	₹1.20 Lakh Cr	₹1.30 Lakh Cr	₹1.38 Lakh Cr	₹1.43 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹4,448 Cr	₹5,066 Cr	₹5,931 Cr	₹6,673 Cr	₹7,661 Cr	₹8,402 Cr	₹9,267 Cr	₹10,503 Cr	₹11,368 Cr	₹12,109 Cr	₹12,357 Cr
Cash from Investing (CFI)	-₹2,758 Cr	-₹3,141 Cr	-₹3,677 Cr	-₹4,137 Cr	-₹4,750 Cr	-₹5,210 Cr	-₹5,746 Cr	-₹6,512 Cr	-₹7,048 Cr	-₹7,508 Cr	-₹7,661 Cr
Cash from Financing (CFF)	-₹1,423 Cr	-₹1,621 Cr	-₹1,898 Cr	-₹2,135 Cr	-₹2,452 Cr	-₹2,689 Cr	-₹2,966 Cr	-₹3,361 Cr	-₹3,638 Cr	-₹3,875 Cr	-₹3,954 Cr
Free Cash Flow (FCF)	₹2,242 Cr	₹2,553 Cr	₹2,989 Cr	₹3,363 Cr	₹3,861 Cr	₹4,235 Cr	₹4,671 Cr	₹5,294 Cr	₹5,729 Cr	₹6,103 Cr	₹6,228 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	28.5%	28.9%	29.3%	29.7%	30.1%	30.5%	30.9%	31.3%	31.7%	32.1%	32.5%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹3,339.38 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹7,592.00

DCF Fair Value

₹3,339.38

Graham Number

₹2,121.66

Margin of Safety

-63.2%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹3,339.38

Premium / Overvalued (Margin: -63.2%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹3,250	₹3,220	₹3,191	₹3,163
10%	₹3,310	₹3,280	₹3,250	₹3,221
12%	₹3,370	₹3,339	₹3,309	₹3,280
14%	₹3,430	₹3,399	₹3,368	₹3,338

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹3,339	Fairly Valued
Benjamin Graham Number	₹2,122	Market Priced
Historical Sector P/E	₹4,810	Premium
EV / EBITDA Multiplier	₹7,972	In-Line
Free Cash Flow Yield Model	₹7,440	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

6.23 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.02x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 25.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

49.03%

FIIs (Foreign)

25.52%

DIIs (Domestic)

15.97%

Government

0.15%

Public / Retail

9.40%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	49.51%	49.39%	49.27%	49.15%	49.03%	48.91%	48.79%	48.67%
• Promoter & Promoter Group Family Trusts	23.53%	23.53%	23.53%	23.53%	23.53%	23.53%	23.53%	23.53%
• Operating Holding Companies & LLPs	18.63%	18.63%	18.63%	18.63%	18.63%	18.63%	18.63%	18.63%
• Key Executive Promoters (Individual)	6.86%	6.86%	6.86%	6.86%	6.86%	6.86%	6.86%	6.86%
+ FIIs (Foreign Portfolio)	25.23%	25.30%	25.38%	25.45%	25.52%	25.59%	25.66%	25.74%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	15.78%	15.83%	15.87%	15.92%	15.97%	16.02%	16.07%	16.11%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	9.33%	9.33%	9.33%	9.33%	9.33%	9.33%	9.33%	9.33%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Automobile.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

EICHERMOT Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

EICHERMOT Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

EICHERMOT Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹9,717.76

Accelerated market share capture in Automobile, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹8,503.04

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 32x P/E.

🐻 Bear Case (15%) -12.0%

₹6,680.96

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Automobile)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:38 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Eicher Motors Ltd (EICHERMOT)	Target Stock	₹7,592.00	-0.48%	31.7x	24.0%	30.5%	0.02	₹1.90 Lakh Cr
Maruti Suzuki India Ltd (MARUTI)	Passenger Vehicles	₹13,185.00	+1.99%	24.8x	14.3%	18.9%	0.00	₹3.56 Lakh Cr
Mahindra & Mahindra Ltd (M&M)	SUVs, Tractors & Commercial	₹3,465.00	+5.30%	18.6x	20.3%	15.1%	1.47	₹3.56 Lakh Cr
Tata Motors Ltd (TATAMOTORS)	Commercial & Electric Vehicles (JLR)	₹418.10	-0.84%	10.8x	48.5%	21.5%	1.45	₹3.55 Lakh Cr
Bajaj Auto Ltd (BAJAJ-AUTO)	Two & Three Wheelers	₹11,040.00	+0.56%	23.4x	29.2%	28.2%	0.58	₹2.75 Lakh Cr
TVS Motor Company Ltd (TVSMOTOR)	Two Wheelers & EV Scooters	₹4,560.00	+1.20%	54.2x	33.6%	17.4%	3.43	₹1.91 Lakh Cr
Samvardhana Motherson Intl (MOTHERSON)	Sector Peer	₹169.69	+4.81%	36.2x	11.2%	13.4%	0.47	₹1.65 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:38:14 IST	✓ Live Sync
Financial Statements (10Y)	Eicher Motors Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

Eicher Motors Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Eicher Motors Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Automobile)

Metric Explainer

Stock DNA Methodology

Document Title