EN DE

Eicher Motors Limited (EICHERMOT) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹2.0T

EM Eicher Motors Limited EICHERMOT · NSE
Price₹7,968
Fair Value₹3,233
Upside-59.4%
Quality73/100
Watch Eicher Motors Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 23.6% net margin
Low debt · generates free cash flow
1.13% dividend yield
Mixed vs. peers (8/14)
Wide moat 79/100
Evidence: High Range ₹2,422 – ₹6,119 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 23 days ago

Share price +5.7% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (₹6,119). The favourable scenario is already priced in.
  • A fairly wide model range (₹2,422 to ₹6,119) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹8,190 ₹2,164 Fair Value ₹3,233 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range ₹2,164 – ₹8,190 · fair‑value band ₹2,422 – ₹6,119 · the ₹7,968 price screens above the ₹3,233 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Eicher Motors Limited (EICHERMOT) currently trades at ₹7,968, while our model-based Fair Value estimate is ₹3,233, implying the stock looks roughly 59.4% overvalued today. We read business quality at 73/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Eicher Motors Limited generated revenue of ₹234B at a net margin of 23.6%. Revenue grew 19.1% year over year. It earns a return on equity of 23.8%. Net debt stands at ₹2.6B. Fundamentals as of Jul 16, 2026

Our scenario range runs from ₹2,422 (bear case) to ₹6,119 (bull case); at ₹7,968, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -59%, EICHERMOT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹2,142 ₹4,446 ₹8,228 80
Residual Income ₹1,392 ₹1,836 ₹8,935 76
Rev-Margin DCF ₹1,714 ₹3,093 ₹4,993 74
All 26 models by family
DCF Models
FCF DCF ₹2,187 ₹4,247 ₹9,012 38
Owner Earnings ₹2,745 ₹5,626 ₹11,313 31
5Y Revenue Exit ₹1,714 ₹3,143 ₹5,152 39
5Y EBITDA Exit ₹2,021 ₹3,816 ₹6,166 41
5Y P/E Exit ₹2,667 ₹5,230 ₹8,331 38
10Y Revenue Exit ₹1,792 ₹3,266 ₹5,691 36
10Y EBITDA Exit ₹2,063 ₹3,788 ₹6,612 37
10Y P/E Exit ₹2,512 ₹4,886 ₹8,580 35
Earnings-Based
Graham-Dodd ₹1,366 ₹7,681 ₹10,671 54
Lynch FV ₹2,152 ₹3,074 ₹3,996 50
PEG = 1.0 ₹2,152 ₹3,074 ₹3,996 46
EPV ₹1,225 ₹1,441 ₹1,633 59
Dividend Discount
Gordon GGM ₹672.80 ₹1,469 ₹2,471 70
DDM Multi-Stage ₹672.80 ₹1,203 ₹1,531 61
Multiples
P/E Multiple ₹3,014 ₹4,018 ₹5,023 63
P/S Multiple ₹1,599 ₹2,132 ₹2,665 58
P/B Multiple ₹2,057 ₹2,743 ₹3,429 55
EV/EBIT ₹2,434 ₹3,244 ₹4,055 53
EV/EBITDA ₹2,057 ₹2,742 ₹3,427 54
EV/Revenue ₹1,494 ₹2,134 ₹2,773 43
Asset-Based
NCAV (Graham) ₹457.20 ₹612.65 ₹914.40 50
Growth DCF
Growth DCF ₹2,142 ₹4,446 ₹8,228 80
Rev-Margin DCF ₹1,714 ₹3,093 ₹4,993 74
Economic Profit
Residual Income ₹1,392 ₹1,836 ₹8,935 76
ROIC Compounder ₹1,416 ₹2,105 ₹2,846 72
Growth Earnings
Growth-Adj P/E ₹3,148 ₹4,497 ₹5,846 68

Widest divergence: Growth Earnings (₹4,497) versus Asset-Based (₹612.65). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹234B
Revenue growth (YoY) +19.1%
Net margin 23.6%
Return on equity 23.8%
Free cash flow ₹40.5B FY2026
P/E ratio 36.9
More key figures
Operating margin 21.1%
EPS (TTM) ₹200.91
Dividend yield 1.1%
EPS growth (YoY) +11.5%
Net debt ₹2.6B FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 68 · Market factors (momentum, volatility) 76

Profitability 73
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Eicher Motors Limited, an automobile company, engages in the manufacture and sale of motorcycles and commercial vehicles in India and internationally.

Full company description

Eicher Motors Limited, an automobile company, engages in the manufacture and sale of motorcycles and commercial vehicles in India and internationally. The company designs, develops, manufactures, assembles, and sells two-wheelers, as well as related parts and accessories; motorcycle accessories; protective and performance gears, and riding apparel products for men and women; and lifestyle apparel products and accessories. It also owns the Royal Enfield motorcycle brand that offers Classic 350, Bullet 350, Meteor 350, Hunter 350, Himalayan 450, Scram 440 ADV Crossover, Interceptor 650, Bear 650, Guerrilla 450 modern roadster, Continental GT 650, Super Meteor 650, and Shotgun 650 models. The company was founded in 1901 and is headquartered in Chennai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Eicher Motors Limited reported revenue of ₹234B in FY2026 versus ₹102B in FY2022, a compound +23.1%/yr. Reported net income was ₹55.2B in FY2026, compounding +34.7%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹234B
Latest YoY
+25.0%
Avg. growth/yr (3Y)
+16.7%
Avg. growth/yr (5Y)
+22.0%
Avg. growth/yr (22Y)
+13.8%
Revenue +23.1%/yr
FY22 ₹102B
FY23 ₹147B
FY24 ₹164B
FY25 ₹187B
FY26 ₹234B
Net income +34.7%/yr
FY22 ₹16.8B
FY23 ₹29.1B
FY24 ₹40.0B
FY25 ₹47.3B
FY26 ₹55.2B

EICHERMOT screens 59% overvalued. Compare with Toyota Motor Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Eicher Motors Limited Fair Value". https://www.fairvalue-calculator.com/stock/EICHERMOT

Peer Group

Auto Manufacturers · 119 stocks

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.

Quality Score 73 · Top 25%
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 24% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 19% · Above median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 36.9× · Pricier than 75% of peers
P/B 8.10× · Pricier than 75% of peers
P/S (TTM) 8.68× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 35.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 26
FUTURE 96 · sector 32
PAST 95 · sector 17
HEALTH 100 · sector 94
DIVIDEND 23 · sector 46

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $179.76 $224.63 +25%
BYD Company 81211 HK$80.55 HK$50.85 -37%
Hyundai Motor Company 005380 425,000 KRW 616,918 KRW +45%
General Motors Company GM $77.72 $56.93 -27%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,944 MXN +54%
Ferrari N.V RACE $376.64 $228.05 -39%
Ford Motor Company F C$11.86 C$4.00 -66%
Mercedes-Benz Group BENZ C$20.44 C$35.15 +72%
Volkswagen AG VOW 2,149 CZK 7,191 CZK +235%
Maruti Suzuki India Limited MARUTI ₹13,803 ₹8,236 -40%

Compare Eicher Motors Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Eicher Motors Limited (EICHERMOT) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of ₹3,233 versus a price of ₹7,968, about −59% (overvalued).
What is the fair value of EICHERMOT?
Our model-based fair value for Eicher Motors Limited is ₹3,233 (as of Jul 16, 2026), built from audited fundamentals. The current price is ₹7,968.
What is the quality score of EICHERMOT?
Eicher Motors Limited has a Quality Score of 73/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Eicher Motors Limited (EICHERMOT)?
Eicher Motors Limited reported trailing-twelve-month revenue of about ₹234B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of EICHERMOT?
The net profit margin of Eicher Motors Limited is about 23.6%, meaning it keeps roughly 23.6% of revenue as net income. Based on the latest reported figures.
Does Eicher Motors Limited pay a dividend?
Eicher Motors Limited currently shows a dividend yield of about 1.15% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Eicher Motors Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.