Name: Latest research reports of Eicher Motors Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Eicher Motors Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	27 Sep 2025	Eicher Motors	Consensus Share Price Target	7047.00	6204.95	-	-11.95	buy	pdf Detailed Estimates
	15 Feb 2023	Eicher Motors	ICICI Securities Limited Reco Target	7047.00	3743.00	3311.15 (112.83%)	Target met	Buy	pdf post cache	Broker Report Consolidating amid adversities ICICI Securities Limited Eicher Motors’ (EIM) Q3FY23 EBITDA margin at 23.9% was up 20bps QoQ, with gross margin (GM) expanding 20bps QoQ despite this being the first full quarter witnessing sales of the newly-launched, lower-priced, model Hunter. 7% QoQ higher volumes with 1% contraction in ASP helped RE deliver 6% QoQ revenue growth and support EBITDAM in terms of operating leverage. pdf Copy Link Share on Share on Share on Share on Alert
	21 Nov 2022	Eicher Motors	BOB Capital Markets Ltd. Reco Target	7047.00	3543.00	3378.60 (108.58%)	Target met	Hold	pdf post cache	Broker Report Eicher Motors (HOLD): Volume gains encouraging; ASP revival key BOB Capital Markets Ltd. Q2 revenue up 5% QoQ to Rs 33bn backed by 11% volume growth (MoM run-rate of 60k units), partly offset by 7% fall in ASP pdf Copy Link Share on Share on Share on Share on Alert
	15 Nov 2022	Eicher Motors	Geojit BNP Paribas Target	7047.00	4109.00	3390.25 (107.86%)		Buy	pdf post cache	Broker Report EICHER MOTOR Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	Eicher Motors	SMC online	7047.00		3503.05 (101.17%)		Results Update	pdf post cache	Broker Report Eicher Motors Limited SMC online pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Eicher Motors	ICICI Securities Limited Reco Target	7047.00	3938.00	3700.85 (90.42%)		Accumulate	pdf post cache	Broker Report In line operational performance ICICI Securities Limited Eicher Motors’ (EIM) Q2FY23 EBITDA margin at 23.3% was down 112bps QoQ due to 154bps QoQ gross margin (GM) contraction on account of rise in Hunter mix. pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Eicher Motors	ICICI Direct Target	7047.00	4310.00	3519.65 (100.22%)		Buy	pdf post cache	Broker Report Eicher Motors ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Eicher Motors	Motilal Oswal Target	7047.00	4150.00	3519.65 (100.22%)		Buy	pdf post cache	Broker Report Below est; Hunter-led mix hurts ASPs, margins Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Eicher Motors	Axis Direct	7047.00	4125.00	3519.65 (100.22%)		Buy	pdf post cache	Broker Report Result Update:Eicher Motors Axis Direct We maintain our BUY rating on the stock with a TP of Rs 4,125 (unchanged). pdf Copy Link Share on Share on Share on Share on Alert
	11 Nov 2022	Eicher Motors	Prabhudas Lilladhar Target	7047.00	4190.00	3516.60 (100.39%)		Buy	pdf post cache	Broker Report EICHER MOTORS Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	24 Sep 2022	Eicher Motors	Prabhudas Lilladhar Target	7047.00	4200.00	3624.10 (94.45%)		Buy	pdf post cache	Broker Report EICHER MOTORS Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
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New 52W High in past week

Eicher Motors Ltd. share price target

Eicher Motors Ltd. has an average share price target of 5506.33. The consensus estimate represents a downside of -21.86% from the last price of 7047. View 16 reports from 10 analysts offering long-term price targets for Eicher Motors Ltd..

Consolidating amid adversities

Eicher Motors (HOLD): Volume gains encouraging; ASP revival key

EICHER MOTOR

Eicher Motors Limited

In line operational performance

Eicher Motors

Below est; Hunter-led mix hurts ASPs, margins

Result Update:Eicher Motors

EICHER MOTORS

EICHER MOTORS

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