NSE: EICHERMOT | BSE: 505200

Strong Performer, Getting Expensive

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6103.00 -30.00 (-0.49%)

New 52W High in past week

503.1K NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

167,388.9

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.

13 Nov 2020

6103.00

-0.49%

Above est.; Good all-round performance; Enquiries & booking trend up

Buy: Eicher Motors Ltd.

Motilal Oswal

EIM's 2QFY21 performance has been strong, especially considering it was trailing in terms of volume recovery due to supply-side issues. Despite cost inflation (BS6 & precious metals), gross margins per unit were stable YoY. Strong booking and inquiries, positive initial response to Meteor, and normalized production would support volume recovery going forward. We upgrade FY21/FY22 consol. EPS estimates by 7%/8% as we upgrade volumes and realization for both RE and VECV. Maintain Buy....

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

Eicher Motors Ltd.

13 Nov 2020

6103.00

-0.49%

Result Update:Eicher Motors

Hold: Eicher Motors Ltd.

Target

Axis Direct

We revise our rating from BUY to HOLD and upgrade our TP to Rs. 2,500 (Rs 2,400 earlier), valuing RE standalone business at 25x FY23E P/E (Rs 2,276) and VECV Business at 9x FY23E EV/EBITDA (Rs 224).

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

Eicher Motors Ltd.

12 Nov 2020

6103.00

-0.49%

Q2FY21 Result Update - Supply constraints easing; maintain Accumulate

Accumulate: Eicher Motors Ltd.

Prabhudas Lilladhar

EIM consol results exceeded our estimates as Revenue/EBITDA/PAT were higher by 4%/22%/10%. This was led by, 1) better margins at RE at 22% (PLe 18.7%, -260bp YoY) and VECV at 6.9% (PLe 5%, +150bp YoY). We expect ~50bp contraction in margins in 2H as higher RM cost will be partially diluted...

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

Eicher Motors Ltd.

12 Nov 2020

6103.00

-0.49%

Eicher Motors (SELL): Q2 in line; maintain SELL

Sell: Eicher Motors Ltd.

BOB Capital Markets Ltd.

Eicher Motors (EIM) reported in-line Q2FY21 revenue and a slight beat on EBITDA margins (22.8% vs. 21.4% est.), led by better operating efficiencies.

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

Eicher Motors Ltd.

12 Nov 2020

6103.00

-0.49%

Q2FY21 results were subdued due to lower volumes, but came in above estimates. Revenue wa...

Buy: Eicher Motors Ltd.

Emkay

Q2FY21 results were subdued due to lower volumes, but came in above estimates. Revenue was marginally lower by 3% yoy at Rs21.3bn (est.: Rs21.8bn). EBITDA margin contracted 260bps to 22.1%, but was better than expectation of 18.7%, owing to betterthan-expected gross margin and lower Other expenses. We expect 2W volumes to rebound strongly, aided by ramp-up in production, healthy order-book, aggressive launches and focus on network expansion. Volume CAGR is...

Eicher Motors Ltd. has gained 23.66% in the last 6 Months

Eicher Motors Ltd.

23 Sep 2020

6103.00

-0.49%

Eicher Motors

Buy: Eicher Motors Ltd.

ICICI Securities Limited

Seminal year for industry provides interesting insights However, amid all the gloom, the engineering and production prowess of the industry (along with its value chain) shone brightly as it successfully completed the world's fastest switchover to Euro 6 equivalent emission norms i.e. BS-VI as per schedule. Much of the post festive period was focused on the transition, with the entire ecosystem estimated to have spent ~| 70,000 crore towards the technological leap. Covid-19 crisis struck India in the run up to April 2020, just as the changeover...

Eicher Motors Ltd. has gained 23.66% in the last 6 Months

Eicher Motors Ltd.

28 Aug 2020

6103.00

-0.49%

Initiating Coverage:Eicher Motors

Hold: Eicher Motors Ltd.

Axis Direct

We are initiating coverage on Eicher Motors Ltd (Eicher) with a HOLD recommendation and a Target Price of Rs 2,400, which implies ~7% upside from the current levels

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

Eicher Motors Ltd.

24 Aug 2020

6103.00

-0.49%

Eicher Motors

Hold: Eicher Motors Ltd.

ICICI Securities Limited

EML retains strong financial strength, possessing a net cash positive B/S with cash and liquid investments on books worth | 6,807 crore as of FY20 (i.e. ~11% of current market capitalisation). The company has historically demonstrated excellent capital efficiency (~18% RoCE as of FY20) in addition to a negative net working capital cycle and best-in-class margins (~24% as of FY20). Core financials, while still healthy, are expected to reach...

Eicher Motors Ltd. is trading above all available SMAs

Eicher Motors Ltd.

18 Aug 2020

6103.00

-0.49%

Eicher Motors Limited

Eicher Motors Ltd.

SMC online

Eicher Motors posts net loss of Rs 55 crore, misses Street estimates For the quarter ended June 30, 2020, Eicher Motors' total revenue from operations was recorded at Rs. 818 crores, down by 66% as compared to Rs. 2,382 crores in the corresponding quarter of FY 2019-20; PBIDT was Rs. 52.52 crores as compared to Rs. 755.52 crores in the same quarter of the previous financial year. Royal Enfield sold 58,383 motorcycles in the quarter, a decline of 68% from 181,966 motorcycles sold over the same period in FY 2019-20....

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

Eicher Motors Ltd.

18 Aug 2020

6103.00

-0.49%

EICHER MOTOR

Hold: Eicher Motors Ltd.

Target

Geojit BNP Paribas

Export opportunities and upgradation of consumer preferences will build strong growth over long-term. However, given short-term uncertainties, remain cautious on the stock and reiterate our HOLD...

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

Is Eicher Motors Ltd. worth buying?

937 Votes:

Buy 74.07%

Sell 13.77%

Hold 12.17%

RESEARCH REPORTS

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