Stocktoria

Eicher Motors Limited EICHERMOT.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

Eicher Motors Limited statistics & valuation

Market cap₹2.21T
P / E40.2×
P / S9.6×
P / B8.8×
P / FCF62.7×
Net margin24.0%
FCF margin15.4%
Net debt₹2.8B
Enterprise value USD$23.3B
Earnings yield EBIT/EV2.2%
Return on capital18.3%
Graham number -74.8%₹2,032.11

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹2,032.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.60% 24.60% 25.50% 24.00% 2023202420252026
Gross margin (%)
40.20% 43.20% 42.90% 41.60% 2023202420252026
Operating margin (%)
20.90% 23.40% 21.60% 21.60% 2023202420252026
Return on equity (%)
19.40% 22.20% 22.20% 22.00% 2023202420252026
Shares outstanding
274.5M 274.5M 274.5M 274.5M 2023202420252026
Net debt (₹)
₹2.00B ₹3.12B ₹2.39B ₹2.80B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
15.20% 17.30% 17.40% 17.10% 2023202420252026
Free cash flow margin (%)
15.10% 17.90% 15.90% 15.40% 2023202420252026
Debt / equity (×)
0.02× 0.02× 0.02× 0.02× 2023202420252026
EPS (₹)
₹106.38 ₹145.92 ₹172.37 ₹200.73 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Eicher Motors Limited trades at about 40.2× earnings — above its 10-year norm (10-year range 31×–35.4×, median 32.3×).

31× 40.2×

Shaded band = 10-year range (31×–35.4×); dot = today's 40.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin41.6%42.9%43.2%40.2%
Operating margin21.6%21.6%23.4%20.9%
Net margin24.0%25.5%24.6%20.6%
FCF margin15.4%15.9%17.9%15.1%
Return on assets17.1%17.4%17.3%15.2%
Return on equity22.0%22.2%22.2%19.4%
Debt / equity0.01×0.01×0.01×0.00×
Current ratio1.901.631.151.14

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.