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Eicher Motors Ltd share Price

Company details

6M Return 5.38%
1Y Return 33.12%
Mkt Cap.(Cr) 100,421.22
Volume 1,188,672
Div Yield 1.00%
OI Chg %
Volume 1,188,672

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About The Stock

    Eicher Motors (EML) is the market leader in the >250 cc premium motorcycle segment (market share ~90%+) through its aspirational models under the Royal Enfield (RE) brand, such as Bullet, Classic, Interceptor among others

    • Via its JV with Volvo i.e., VECV (EML has 54.4% stake), the company has a presence in the CV space as well (6.6% FY22 market share)
    • Strong net cash positive b/s with healthy return ratios metrics


    EML posted a healthy operational performance in Q4FY22.

    • Consolidated revenues were at ₹ 3,193 crore, up 10.9% QoQ
    • Reported EBITDA margins came in at 23.7%, up 350 bps QoQ
    • Consequent consolidated PAT was at ₹ 610 crore, up 33.8% QoQ

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Eicher Motors Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Eicher Motors Ltd.

Automobiles company Eicher Motors announced Q4FY23 & FY23 results:

  • EML Q4FY23:
    • Revenue from operations at Rs 3,804 crore, up 19.1% as compared to Rs 3,193 crore in Q4FY22
    • EBITDA was Rs 934 crore, up 23.3% as compared to Rs 757 crore in Q4FY22
    • Profit After Tax was Rs 906 crore, an increase of 48.4% as compared to Rs 610 crore Q4F22
    • During the quarter, Royal Enfield recorded sales of 2,14,685 motorcycles, up 17.9% from 1,82,125 motorcycles sold during Q4FY22
  • VECV Q4FY23: 
    • Revenue from operations at Rs 6,200 crore, up 43.9% from Rs 4,307 crore in Q4FY22
    • EBITDA was Rs 619 crore, up 114.7% from Rs 288 crore in Q4FY22
    • Profit After Tax was Rs 319 crore, an increase of 222.2% from Rs 99 crore in Q4FY22
    • During the quarter, VECV recorded the highest-ever quarterly sales of 26,376 units, up 31.3% from 20,093 units sold during Q4FY22
  • EML FY23:
    • Revenue from operations was Rs 14,442 crore up by 40.2% vs Rs 10,298 crore recorded for FY22
    • EBITDA was at Rs 3,444 crore, up by 58.5% as compared to Rs 2,172 crore in FY22
    • Profit After Tax was recorded at Rs 2,914 crore, up by 73.8% as compared to Rs 1,677 crore for FY22
    • During FY23, Royal Enfield registered the highest-ever motorcycle sales at 8,34,895 units (standalone), up by 38.4% from 6,02,268 (standalone) in FY22, and up from its previous best performance in 2018-19
    • During the year, Royal Enfield also crossed the 1,00,000 export shipments milestone for the first time
  • VECV FY23:
    • Revenue from operations was Rs 18,952 crore, up by 48.9% over FY22 revenue of Rs 12,724 crore
    • EBITDA for FY23 was Rs 1,369 crore, 91.2% higher than Rs 716 crore in FY22
    • Profit after tax stood at Rs 581 crore as against Rs 111 crore in FY22
    • VECV recorded sales of 79,623 vehicles for FY23, a growth of 39.5% over 57,077 vehicles in FY22
  • The Board of Directors of the company at their meeting held on May 11, 2023, considered and recommended a final dividend aggregating to Rs 1,011.88 crore (34.7% of PAT) at Rs 37 per share (nominal value of Rs 1 per share) for the financial year ended March 31, 2023
  • In addition, the Board has also approved a cash outlay towards capex of Rs 1,000 crore for FY24, which also includes the investment in an EV manufacturing facility and product development and new product development under the Internal Combustion Engine portfolio.

Talking about the performance Siddhartha Lal, Managing Director, Eicher Motors, said, “The world has settled into a ‘new normal’ after two years of chaos and uncertainties that kept throwing business out of gear. In line with that, this was an outstanding year for Eicher Motors. We saw overall stabilization of the supply chain, markets, and also the organization, and made significant progress on all important initiatives resulting in our best-ever business and financial performance, both at Royal Enfield and VE Commercial Vehicles. This is a strong testament to our strategic vision, direction, and business approach. At Royal Enfield, we launched the Hunter 350 and the Super Meteor 650 this year, and the consumer response to these motorcycles has been incredible across the world. We are also making confident strides in our EV journey as we’ve made considerable progress on our EV motorcycle plans and also had a great start to our partnership with Stark Future. At VE Commercial Vehicles as well, we have recorded a brilliant performance this year, as we registered our highest-ever sales, and revenue and made strong market-share gains across segments. We also showcased an array of alternative fuel and future-ready options at the Auto Expo 2023. Going ahead, we firmly believe that Eicher Motors Ltd is set for the next phase of growth and we look forward to bringing new ideas and innovations, across both companies.”



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Investment recommendation

Call Date
24 May 2023
Entry Price 3,540.00
Target Price 3,940.00
3 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Eicher Motors Ltd Stocks COMPARISION


Equity Capital: 12,608.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 2,333.12 37,369.27
LAST 3M 16,668.82 53,102.69
LAST 6M 64,410.78 32,565.35
LAST 12M 119,684.93 75,969.00
Eicher Motors Limited - Loss of Share Certificates

May 31, 2023 l NSE Announcement

Eicher Motors Limited - Loss of Share Certificates

May 29, 2023 l NSE Announcement

Date Action Type Ratio
Aug 12, 2022 Dividend 2100
Aug 09, 2021 Dividend 1700

Eicher Motors Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Eicher Motors Ltd is in the Automobile sector with the Market Capitalization of worth Rs. 70,797.92 crores, it is incorporated in the year 1948. It has reported consolidated sales of Rs. 2,809.44 crores in December’2020. The company is listed in the Bombay Stock Exchange (BSE) with the code 505200 and also listed in the National Stock Exchange (NSE) with the code EICHERMOT.

    Eicher Motors Limited is an Indian international automotive company and it’s headquarter is located in Delhi. Eicher Motors produces motorcycles and commercial vehicles. Eicher Motors is also the parent company of Royal Enfield, a manufacturer of premium motorcycles. Eicher Motors has also entered into a joint venture with Volvo Trucks VE based in Sweden called VE Commercial Vehicles (VECV). The light commercial vehicle concept was made feasible in India due to a technical collaboration between Eicher Motors Ltd and Mitsubishi Motor Corporation of Japan. In the international markets, Eicher Motors Limited has a total of 77 exclusive stores spread across 60 nations. COVID-19 has impacted the business operations badly by hurting the production, supply chain, etc. due to the lockdown period. The promoters of the company own 49.22% of the stake in the company, Foreign Institutional Investors (FII) own 28.83%, Domestic Institutional Investors (DII) own 9.6% of the stake, and others (such as public & retail investors) hold the balance of 12.35%.

    In June 2021, quarterly net revenue was Rs. 1907.80 crores, which has increased by approximately 148.02 % from Rs. 769.21 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 267.21 crores, which has also increased by nearly 2072.44% from a net profit of Rs. 12.30 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,814.15 crores, which is also reduced by 138.18% as compared to an operating profit of Rs. 761.66 crores for the quarter ending in June 2020. From Rs. 0.45 in June 2020, the EPS of Eicher Motors has risen to Rs. 9.78 per share in June 2021. EICHERMOT's stock closed at Rs. 2,589.65 on 18th August’2021 (NSE) and has returned -3.93% in the last six months and 22.53% in the previous year.

Registered Address

3rd Floor - Select Citywalk, A - 3 District Centre Saket, New Delhi, New Delhi, 110017

Tel : 91-011-41437600
Email : investors:eicher.in/info:eicher.in
Website : http://www.eicher.in


AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 505200
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE066A01021

FAQ’s on Eicher Motors Ltd Shares

You can buy Eicher Motors Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Eicher Motors Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 31, 2023 03:57 PM the closing price of Eicher Motors Ltd was ₹ 3,671.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 31, 2023 03:57 PM, the market cap of Eicher Motors Ltd stood at ₹ 100,421.22.

The latest PE ratio of Eicher Motors Ltd as of May 31, 2023 03:57 PM is 34.59

The latest PB ratio of Eicher Motors Ltd as of May 31, 2023 03:57 PM is 0.15

The 52-week high of Eicher Motors Ltd is ₹ 3,889.65 while the 52-week low is ₹ 2,585.05

According to analyst recommendations, Eicher Motors Ltd has a “Buy” rating for the long term.

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