NSE: EICHERMOT | BSE: 505200

Strong Performer, Getting Expensive

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5990.50 66.00 (1.11%)

New 52W High in past week

849.0K NSE+BSE Volume

NSE 25 Aug, 2025 3:31 PM (IST)

164,303.4

Market Cap

Market Runner Up

1.1

Beta 1Year

High Volatility

Eicher Motors Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for EICHERMOT, BSE:505200 Eicher Motors Ltd.

Eicher Motors Ltd.

31 May 2021

5990.50

1.11%

Eicher Motors Limited

Results Update: Eicher Motors Ltd.

SMC online

Siddhartha Lal, managing director of Eicher Motors, said, 'It has been a challenging year for the industry with the COVID-19 pandemic leading to disruption in production, supply chain and retail operations. We remained agile and responded swiftly by reworking our...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

28 May 2021

5990.50

1.11%

Q4FY21 Result Update - In-line; RE to see highest launches in FY22 - Accumulate

Accumulate: Eicher Motors Ltd.

Target

Prabhudas Lilladhar

impact), lockdown in Tamil Nadu (3 days plant closure). EIM 4QFY21 S/A and VECV performance were in-line. Adj. for one-offs expense of Rs250m (forex difference) S/A margins came in at 22.9% (-60bp QoQ, PLe 22.7%). S/A PAT came in-line at Rs4.9b (+1% QoQ). VECV results too were in-line with Rev/EBITDA/PAT at Rs36.5b/Rs3.2b/Rs1.3b. We believe EIM is well placed on its recovery ride with aggressive new product launch pipeline at RE and CV upcycle benefits at VECV. However, supply challenges...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

28 May 2021

5990.50

1.11%

Eicher Motors

Hold: Eicher Motors Ltd.

Target

ICICI Securities Limited

For EML, we factor in 19%, 33.1% sales, PAT CAGR, respectively, in FY2123E. The company is seen delivering healthy double-digit volume growth in RE along with continued VECV outperformance, with margins undergoing a sedate recovery. We maintain HOLD and value EML at | 2,970 on SOTP basis...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

28 May 2021

5990.50

1.11%

Eicher Motors (SELL): In-line quarter; maintain SELL

Sell: Eicher Motors Ltd.

Target

BOB Capital Markets Ltd.

Eicher Motors (EIM) reported in-line Q4FY21 standalone revenue of Rs 29bn, a 22% EBITDA margin and adj. PAT of Rs 4.7bn.

Eicher Motors Ltd. has an average target of 5550.70 from 11 brokers.

Eicher Motors Ltd.

28 May 2021

5990.50

1.11%

Result Update:Eicher Motors

Sell: Eicher Motors Ltd.

Target

Axis Direct

We revise our rating from SELL to HOLD and upgrade our TP to Rs. 2,450 (Rs 2,350 earlier), resulting in a downside of 6% from current levels.

Number of FII/FPI investors increased from 993 to 1108 in Jun 2025 qtr.

Eicher Motors Ltd.

27 May 2021

5990.50

1.11%

In-line; upcoming launches critical to delivering strong growth

Buy: Eicher Motors Ltd.

Target

Motilal Oswal

Eicher Motors (EIM)'s 4QFY21 performance was in-line, supported by good volume recovery in both RE and VECV. Despite cost inflation, EBITDA margins per unit were stable QoQ. Good response to Meteor, upcoming launches of the new Classic, and normalized production would support RE volume recovery going forward. VECV is also firmly on the recovery path. We cut FY22E consol. EPS by 7%, accounting for the COVID impact on volumes and commodity inflation, while maintaining FY23E earnings estimates. Maintain Buy, with TP of INR3,200 (Mar'23 SOTP)....

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

12 Mar 2021

5990.50

1.11%

RE aims to become a USD5b global company

Buy: Eicher Motors Ltd.

Target

Motilal Oswal

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

15 Feb 2021

5990.50

1.11%

EICHER MOTOR

Buy: Eicher Motors Ltd.

Recommendation Target

Geojit BNP Paribas

Consolidated revenue increased 19.5% YoY to Rs. 2,809cr in Q3FY21 (+33.0% QoQ), with increased sales volume. Launch of Classic' in 2009 was an Inflection point for Royal Enfield, with that volumes grew by 32.0% CAGR during the period CY2010 to FY2020. However market share in India marginally declined to 25.0% in 9MFY21 (vs. 25.6% in 9MFY20). As of December 31st 2020, company has 989 large size stores and 900 studios stores across 1,550 cities in India. The recently launched Meteor 350 fetch positive response and the management expect similar response for all-new classic 350. Margin contraction with surge in commodity prices...

Geojit BNP Paribas increased Buy price target of Eicher Motors Ltd. to 6342.0 on 18 Aug, 2025.

Eicher Motors Ltd.

15 Feb 2021

5990.50

1.11%

Eicher Motors Limited

Eicher Motors Ltd.

SMC online

EBITDA stood at Rs 672 crore in Q3 FY21, growing 13% as against Rs 592 crore in the same quarter of the previous financial year. Royal Enfield sold 1.99 lakh motorcycles in the quarter, registering an increase of 5% from 1.89 lakh motorcycles sold over the same period in FY 2019-20. To bolster its presence in international markets, Royal Enfield announced entry into Japan with its first standalone, flagship store in Tokyo. Located in Suginami-Tokyo, the newly inaugurated store will have the complete suite of Royal Enfield motorcycles, apparel and accessories, in addition to spares and service. In addition to this, 13 new exclusive stores were opened with focus on Latin American...

Eicher Motors Ltd. has an average target of 5550.70 from 11 brokers.

Eicher Motors Ltd.

11 Feb 2021

5990.50

1.11%

Eicher Motors

Hold: Eicher Motors Ltd.

Target

ICICI Securities Limited

EML said (1) present production run rate of 75,000 units/month is pretty much sustainable, (2) demand is returning from mature markets like Tamil Nadu and Maharashtra (share of top 10, 20 cities has come back to 25% vs. ~27%, 30%, respectively, pre Covid), (3) RE waiting periods is coming down with higher production levels but supply concerns and commodity spike costs remain, (4) it took 2-3% price hikes in January-February while more are likely in the offing to counteract cost pressures, (5) it added 43 new large format stores and 129 studio stores in Q3FY21 along with 13 exclusive stores...

Geojit BNP Paribas increased Buy price target of Eicher Motors Ltd. to 6342.0 on 18 Aug, 2025.

Is Eicher Motors Ltd. worth buying?

936 Votes:

Buy 74.04%

Sell 13.78%

Hold 12.18%

RESEARCH REPORTS

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