Eicher Motors shares were trading at Rs 7,116, up 2.05 percent, at 2:39 pm on Tuesday. The stock is a constituent of the Nifty 50 index.
Financial Performance
The consolidated financial performance of Eicher Motors shows consistent growth over the past few years.
The company's quarterly revenue and net profit are detailed below:
| Quarter | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS |
|---|---|---|---|
| Sep 2024 | Rs 4,263.07 Crore | Rs 986.58 Crore | 40.15 |
| Dec 2024 | Rs 4,973.12 Crore | Rs 1,006.99 Crore | 42.70 |
| Mar 2025 | Rs 5,241.11 Crore | Rs 1,114.16 Crore | 49.69 |
| Jun 2025 | Rs 5,041.84 Crore | Rs 1,048.11 Crore | 43.95 |
| Sep 2025 | Rs 6,171.59 Crore | Rs 1,234.54 Crore | 49.93 |
The revenue for the quarter-ending September 2025 stood at Rs 6,171.59 crore, a notable increase compared to Rs 4,263.07 crore in September 2024. Net profit also increased to Rs 1,234.54 crore in September 2025 from Rs 986.58 crore in September 2024.
The company's yearly revenue, net profit, and EPS are detailed below:
| Year | Revenue (Rs Crore) | Net Profit (Rs Crore) | EPS | BVPS | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| 2021 | Rs 8,720.35 Crore | Rs 1,315.76 Crore | 49.30 | 418.52 | 11.77 | 0.01 |
| 2022 | Rs 10,297.83 Crore | Rs 1,616.45 Crore | 61.33 | 461.16 | 13.29 | 0.00 |
| 2023 | Rs 14,442.18 Crore | Rs 2,598.77 Crore | 106.56 | 548.09 | 19.43 | 0.01 |
| 2024 | Rs 16,535.78 Crore | Rs 3,553.29 Crore | 146.18 | 659.08 | 22.17 | 0.02 |
| 2025 | Rs 18,870.35 Crore | Rs 4,034.63 Crore | 172.76 | 776.68 | 22.23 | 0.01 |
The annual revenue for 2025 was Rs 18,870.35 crore, up from Rs 16,535.78 crore in 2024. Similarly, the net profit increased from Rs 3,553.29 crore in 2024 to Rs 4,034.63 crore in 2025. EPS also rose from 146.18 in 2024 to 172.76 in 2025.
The following table shows the Yearly Income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 18,870 | 16,535 | 14,442 | 10,297 | 8,720 |
| Other Income | 1,304 | 1,075 | 595 | 440 | 453 |
| Total Income | 20,175 | 17,611 | 15,037 | 10,738 | 9,173 |
| Total Expenditure | 14,887 | 12,806 | 11,524 | 8,577 | 7,389 |
| EBIT | 5,287 | 4,805 | 3,512 | 2,161 | 1,783 |
| Interest | 54 | 50 | 28 | 18 | 16 |
| Tax | 1,198 | 1,201 | 885 | 525 | 451 |
| Net Profit | 4,034 | 3,553 | 2,598 | 1,616 | 1,315 |
The company's sales increased from Rs 16,535 crore in March 2024 to Rs 18,870 crore in March 2025.
The following table shows the quarterly Income statement:
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Sales | 6,171 | 5,041 | 5,241 | 4,973 | 4,263 |
| Other Income | 350 | 446 | 380 | 288 | 353 |
| Total Income | 6,522 | 5,487 | 5,621 | 5,261 | 4,616 |
| Total Expenditure | 4,859 | 4,037 | 4,184 | 3,951 | 3,355 |
| EBIT | 1,663 | 1,450 | 1,436 | 1,310 | 1,261 |
| Interest | 19 | 14 | 15 | 13 | 13 |
| Tax | 409 | 387 | 307 | 290 | 261 |
| Net Profit | 1,234 | 1,048 | 1,114 | 1,006 | 986 |
Sales increased from Rs 4,263 in Sep 2024 to Rs 6,171 in Sep 2025.
Key financial ratios for Eicher Motors are as follows:
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 172.76 | 146.18 | 106.56 | 61.33 | 49.30 |
| Diluted Eps (Rs.) | 172.37 | 145.92 | 106.38 | 61.26 | 49.24 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 776.68 | 659.08 | 548.09 | 461.16 | 418.52 |
| Dividend/Share (Rs.) | 70.00 | 51.00 | 37.00 | 21.00 | 17.00 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 31.88 | 32.67 | 27.96 | 25.37 | 25.62 |
| Operating Margin (%) | 28.02 | 29.05 | 24.32 | 20.98 | 20.45 |
| Net Profit Margin (%) | 21.38 | 21.48 | 17.99 | 15.69 | 15.08 |
| Return on Networth / Equity (%) | 22.23 | 22.17 | 19.43 | 13.29 | 11.77 |
| ROCE (%) | 23.08 | 24.60 | 22.00 | 16.35 | 14.95 |
| Return On Assets (%) | 17.42 | 17.29 | 15.17 | 10.34 | 9.25 |
| Current Ratio (X) | 1.63 | 1.15 | 1.14 | 1.88 | 3.35 |
| Quick Ratio (X) | 1.26 | 0.76 | 0.74 | 1.50 | 3.02 |
| Debt to Equity (x) | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 |
| Interest Coverage Ratios (X) | 110.73 | 106.19 | 144.14 | 139.14 | 108.43 |
| Asset Turnover Ratio (%) | 0.75 | 0.78 | 0.85 | 0.70 | 59.89 |
| Inventory Turnover Ratio (X) | 12.69 | 6.49 | 7.65 | 6.50 | 9.97 |
| 3 Yr CAGR Sales (%) | 35.37 | 37.70 | 25.61 | 2.52 | -1.37 |
| 3 Yr CAGR Net Profit (%) | 57.99 | 64.33 | 20.30 | -9.23 | -17.29 |
| P/E (x) | 30.95 | 27.50 | 27.67 | 40.06 | 52.82 |
| P/B (x) | 6.89 | 6.10 | 5.38 | 5.34 | 6.22 |
| EV/EBITDA (x) | 24.37 | 20.39 | 19.81 | 24.72 | 29.31 |
| P/S (x) | 7.77 | 6.66 | 5.59 | 6.53 | 8.16 |
Corporate Actions
Eicher Motors announced a final dividend of Rs 70 per share in May 2025, with an effective date of August 1, 2025. The company also announced a split with exsplit date on 24 Aug, 2020. Before the split old face value was 10 and new face value is 1.
Moneycontrol analysis, as of January 20, 2026, indicates a bearish sentiment on the stock.
With the stock currently trading at Rs 7,116, Eicher Motors has demonstrated a positive movement in today's session.
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