Eicher Motors Limited (505200) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Eicher Motors Limited ₹8,173, price ₹6,950, upside +17.6%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹2,162 – ₹8,192 · fair‑value band ₹4,688 – ₹12,064 · the ₹6,950 price screens below the ₹8,173 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Eicher Motors Limited manufactures and sells motorcycles and commercial vehicles in India and internationally. The company owns the Royal Enfield motorcycle brand that offers Classic, Bullet, Himalayan, Interceptor INT 650, Continental GT 650, and Thunderbird models.
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Eicher Motors Limited manufactures and sells motorcycles and commercial vehicles in India and internationally. The company owns the Royal Enfield motorcycle brand that offers Classic, Bullet, Himalayan, Interceptor INT 650, Continental GT 650, and Thunderbird models. It designs, develops, manufactures, assembles, and sells two-wheelers, as well as sells related parts and accessories. The company, through its joint venture, Volvo Eicher Commercial Vehicles Limited, manufactures and sells light and medium duty trucks, heavy duty trucks, and buses under the Eicher brand; Volvo trucks; and engineering components and aggregates. Eicher Motors Limited was founded in 1948 and is based in Gurugram, India.
Stock analysis
Eicher Motors Limited (505200) currently trades at ₹6,950, while our model-based Fair Value estimate is ₹8,173, implying the stock looks roughly 15.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹12,067 per share, and 15 of the 26 models we run sit above the ₹6,950 price.
Bear case: the Asset-Based group reads lowest at ₹1,749, and 11 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹4,688 (bear) to ₹12,064 (bull), the price of ₹6,950 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Eicher Motors Limited reported revenue of ₹189B in FY2025 versus ₹87.2B in FY2021, a compound +21.3%/yr. Reported net income was ₹47.3B in FY2025, compounding +36.9%/yr from FY2021.
Key figures
Market cap ₹599B (≈ $6.2B) · P/E ratio 63.0 · P/S ratio 15.8 · EPS (TTM) ₹39.97 · Dividend yield 0.4% · Net margin 25.1% · Return on assets (EBIT) 13.2% · Operating margin 14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 18%, 505200 screens cheaper than that median.
Fair Value models
Bear ₹4,688Fair Value ₹8,173Bull ₹12,064
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹14.97 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Start year 2020 (pandemic). Over 10 years: +8.0% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.3%
Dividend (yield on the price)0.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 21%
2025 sits 62% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Manufacturers · 102 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−6.8% · Below median
Profitability
Return on assets5.5% · Top 25%
Net margin (TTM)14.6% · Top 25%
Operating margin (TTM)14.5% · Top 25%
Growth and dividend
Revenue growth−3.7% · Below median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
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Is Eicher Motors Limited (505200) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹8,173 versus a price of ₹6,950, about +18% upside (undervalued).
What is the fair value of 505200?
Our model-based fair value for Eicher Motors Limited is ₹8,173 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹6,950.
What is the quality score of 505200?
Eicher Motors Limited has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Eicher Motors Limited (505200)?
Our model-based price target is the fair value of ₹8,173 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ₹4,688, optimistic scenario ₹12,064. It is a calculation from audited fundamentals, not an analyst target.
What is the Eicher Motors Limited stock forecast for 2026?
Our models put fair value at ₹8,173, about +18% upside versus a price of ₹6,950 (undervalued). Cautious scenario ₹4,688, optimistic scenario ₹12,064. The calculation is refreshed regularly with new filings.
What is the revenue of Eicher Motors Limited (505200)?
Eicher Motors Limited reported trailing-twelve-month revenue of about ₹74.9B (latest available figure, as of Sep 24, 2026).
Does Eicher Motors Limited pay a dividend?
Eicher Motors Limited currently shows a dividend yield of about 0.36% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Eicher Motors Limited (505200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eicher Motors Limited it is ₹8,173 per share (as of Sep 24, 2026), against a price of ₹6,950. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Eicher Motors Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 505200 trades below its calculated fair value: price ₹6,950, fair value ₹8,173, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 505200?
No. The price is what the market pays today (₹6,950); the fair value is what the company's own numbers justify (₹8,173). For Eicher Motors Limited the two are ₹1,223 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eicher Motors Limited worth?
The market values Eicher Motors Limited at about ₹599B (market capitalisation, as of Sep 24, 2026). Per share that is ₹6,950; our models calculate a fair value of ₹8,173 per share.
What do the bullish and bearish scenarios say about 505200?
Our models span a range for Eicher Motors Limited: cautious scenario ₹4,688, base ₹8,173, optimistic ₹12,064 per share (as of Sep 24, 2026, price ₹6,950). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 505200?
Eicher Motors Limited trades at a price-to-earnings ratio of 63.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹8,173 is built from several models across several years. Other multiples: P/B 2.8, P/S 8.0, EV/EBITDA 42.0.
How solid is the balance sheet of Eicher Motors Limited (505200)?
Balance-sheet figures for Eicher Motors Limited (as of Sep 24, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 505200 from its 52-week high?
Eicher Motors Limited trades at ₹6,950, about 15% below its 52-week high of ₹8,192 and 6% above the low of ₹6,585 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹8,173 is for.
Which stocks are comparable to Eicher Motors Limited?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, General Motors Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eicher Motors Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹6,950, calculated fair value ₹8,173 (+18%), Quality Score 62/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 505200 calculated?
We run Eicher Motors Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹8,173, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Eicher Motors Limited currently trades 15 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eicher Motors Limited (505200)?
The closing price on Oct 1, 2026 was ₹6,950. Our model-based fair value is ₹8,173, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eicher Motors Limited right now?
A fairly wide model range (₹4,688 to ₹12,064) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Eicher Motors Limited
How large is the market capitalisation of Eicher Motors Limited (505200)?
The market capitalisation of Eicher Motors Limited is ₹599B (≈ $6.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eicher Motors Limited (505200)?
The price-to-sales ratio of Eicher Motors Limited is 15.8 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eicher Motors Limited (505200)?
Earnings per share at Eicher Motors Limited are ₹39.97 (price ÷ EPS = P/E 63.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eicher Motors Limited (505200)?
The dividend yield of Eicher Motors Limited is 0.4% (payout 62.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eicher Motors Limited (505200)?
The net margin of Eicher Motors Limited is 25.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Eicher Motors Limited (505200)?
On an EBIT basis the return on assets of Eicher Motors Limited is 13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eicher Motors Limited (505200)?
The operating margin of Eicher Motors Limited is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eicher Motors Limited (505200)?
Revenue at Eicher Motors Limited is growing −3.7% versus a year earlier (3y avg +22.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Eicher Motors Limited (505200)?
Earnings per share at Eicher Motors Limited are growing −40.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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