Eicher MotorsNSE: EICHERMOTBSE: 505200Automobile and Auto Components · 2/3 Wheelers

₹7,833.5079.00 (1.00%)

Mkt Cap: ₹2.15 L Cr.
P/E (TTM): 37.60
Open: ₹7,899.00
Day's Range: ₹7,794.00 – ₹7,899.00
52W Range: ₹5,386.50 – ₹8,230.00
Div Yield: 1.05%
EPS (TTM): ₹210.03
Book Value: ₹915.02

Eicher Motors Financial Statements

Name: Eicher Motors Financials — historical data
Creator: StockeZee

For Mar 2026, Eicher Motors reported revenue of ₹23,408 crore and net profit of ₹5,515 crore. Return on equity stands at 24.00%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹23,408 Cr
EBITDA: ₹5,785 Cr
Operating margin: 24.71%
Profit after tax: ₹5,515 Cr
Net margin: 23.56%
EPS: ₹201.06
Latest year: Mar 2026
Years reported: 9

Eicher Motors profit & loss

Reported annual performance for Eicher Motors, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Eicher Motors annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	9,219	9,797	9,154	8,720	10,298	14,442	16,536	18,870	23,408
Sales Growth YoY %	—	6.27%	-6.57%	-4.73%	18.09%	40.24%	14.5%	14.12%	24.04%
Other Income	280	443	543	453	441	595	1,076	1,305	1,487
Total Income	9,499	10,240	9,697	9,174	10,739	15,037	17,612	20,175	24,894
Cost of Goods Sold (COGS)	4,643	5,057	4,996	5,113	5,956	8,212	8,981	10,297	13,068
Cost of Materials Consumed	4,516	5,056	4,661	5,053	5,765	7,844	8,723	9,953	12,502
Purchases of Stock-in-Trade	162	212	251	266	339	431	455	507	835
Changes in Inventories	-34	-210	84	-206	-149	-63	-197	-164	-270
Gross Profit	4,576	4,740	4,158	3,608	4,342	6,230	7,555	8,573	10,340
Gross Margin %	49.63%	48.38%	45.42%	41.37%	42.17%	43.14%	45.69%	45.43%	44.17%
Total Operating Expenses	1,768	1,837	1,977	1,826	2,170	2,787	3,228	3,861	4,555
Employee Benefit Expense	574	702	796	843	821	1,002	1,236	1,391	1,638
Other Expenses	1,194	1,134	1,182	983	1,349	1,785	1,993	2,470	2,917
EBITDA	2,808	2,903	2,180	1,781	2,172	3,444	4,327	4,712	5,785
OPM %	30.45%	29.63%	23.82%	20.43%	21.09%	23.84%	26.17%	24.97%	24.71%
Total Non-Operating Expenses	229	308	400	467	471	554	648	784	856
Depreciation & Amortisation	223	300	382	451	452	526	598	729	840
Finance Costs	5	7	19	16	19	28	51	54	72
Exceptional Items (Before Tax)	0	0	0	0	0	0	0	0	-55
Profit Before Tax (PBT)	2,859	3,039	2,323	1,767	2,142	3,484	4,754	5,233	6,304
Tax Expense	936	1,077	527	452	526	886	1,201	1,199	1,587
Current Tax	877	942	549	493	521	819	1,040	1,121	1,456
Deferred Tax	59	135	-21	-41	4	67	161	78	131
Effective Tax %	32.74%	35.44%	22.7%	25.55%	24.55%	25.42%	25.26%	22.9%	25.17%
Profit/Loss from Discontinued Operations	-220	-18	0	0	0	0	0	0	0
Total Profit for Period	1,960	2,203	1,827	1,347	1,677	2,914	4,001	4,734	5,515
Net Profit (Owner's PAT)	1,960	2,203	1,827	1,347	1,677	2,914	4,001	4,734	5,515
Net Profit Margin %	21.26%	22.48%	19.96%	15.45%	16.28%	20.18%	24.2%	25.09%	23.56%
PAT Growth YoY %	—	12.4%	-17.04%	-26.3%	24.48%	73.8%	37.31%	18.33%	16.49%
Earnings Per Share (EPS)	₹71.9	₹80.73	₹66.93	₹49.28	₹61.32	₹106.55	₹146.13	₹172.69	₹201.06
Diluted Shares Outstanding (Cr.)	27	27	27	27	27	27	27	27	27
Profit/Loss from Associates	257	258	32	31	60	315	448	700	798
Other Comprehensive Income (Net of Tax)	10	-6	11	34	-19	9	-14	-230	119
Expenses	6,640	7,202	7,374	7,406	8,596	11,553	12,857	14,942	18,590
Material Cost %	48.98%	51.61%	50.92%	57.94%	55.98%	54.31%	52.75%	52.74%	53.41%
Employee Cost %	6.22%	7.17%	8.69%	9.67%	7.97%	6.94%	7.47%	7.37%	7%
Other Cost %	12.96%	11.58%	12.91%	11.27%	13.1%	12.36%	12.05%	13.09%	12.46%
Interest Coverage (x)	483.96	355.09	95.28	80.88	91.6	104.12	73.3	73.29	69.13

Eicher Motors revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Eicher Motors balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Eicher Motors annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	8,919	9,981	11,438	12,608	14,990	18,046	21,296	25,100
Equity Share Capital	27	27	27	27	27	27	27	27
Reserves & Surplus	8,891	9,954	11,411	12,581	14,963	18,018	21,269	25,073
Equity Method Investments	1,944	1,892	1,926	1,958	—	2,578	3,141	3,723
Total Equity	8,919	9,981	11,438	12,608	14,990	18,046	21,296	25,100
Non-Current Liabilities	370	444	492	610	973	1,484	1,612	2,039
Long-term Borrowings	—	—	—	—	63	163	184	202
Deferred Tax Liabilities	274	252	222	220	291	461	493	658
Non-Current Provisions	23	21	23	39	102	175	195	260
Other Non-Current Liabilities	0	20	124	237	336	428	464	604
Non-Current Financial Liabilities	10	90	61	50	146	287	337	347
Current Liabilities	2,098	2,025	2,629	2,983	3,235	3,598	4,266	5,024
Short-term Borrowings	187	144	157	59	133	112	82	117
Trade Payables	1,234	1,028	1,536	1,788	1,810	2,090	2,530	2,738
Current Financial Liabilities	1,584	1,366	1,891	2,110	2,235	2,544	3,035	3,461
Other Current Financial Liabilities	163	194	198	264	292	342	423	605
Other Current Liabilities	303	479	501	471	589	717	829	1,059
Current Provisions	58	76	90	151	155	100	123	169
Current Tax Liabilities	141	90	131	232	223	212	239	306
Total Liabilities	2,468	2,469	3,121	3,593	4,207	5,082	5,878	7,063
Total Non-Current Assets	6,977	6,075	5,750	10,582	15,514	18,977	20,220	22,609
Property, Plant & Equipment (PPE)	1,692	2,190	2,092	2,094	2,226	2,222	2,586	2,677
Capital Work-in-Progress	272	27	64	134	78	212	110	203
Intangible Assets	179	185	341	330	464	692	888	1,175
Investment Property	4	3	—	—	—	—	—	—
Non-Current Investments	2,510	1,344	900	5,338	12,101	10,768	10,803	10,940
Other Non-Current Assets	171	125	154	284	146	292	242	421
Non-Current Financial Assets	2,537	1,368	923	5,411	12,120	12,624	12,873	13,877
Net Fixed Assets	2,143	2,401	2,497	2,558	2,768	3,126	3,584	4,055
Total Current Assets	4,410	6,375	8,808	5,619	3,683	4,151	6,954	9,554
Inventories	633	572	875	1,132	1,278	1,410	1,564	1,968
Trade Receivables	90	87	158	302	369	374	550	354
Cash & Cash Equivalents	727	43	94	51	89	107	219	234
Current Investments	469	2,513	1,076	425	220	181	848	2,832
Loans – Current	1	0	459	677	589	—	—	451
Current Financial Assets	3,597	5,641	7,739	4,192	2,069	2,431	4,974	6,919
Other Current Assets	180	161	195	295	336	310	416	668
Other Current Financial Assets	71	91	215	66	34	1,730	3,314	3,026
Net Working Capital	2,312	4,350	6,180	2,636	449	553	2,688	4,530
Additional Asset Fields	74	74	79	83	215	172	164	199
Def Govt Grants Curr	12	14	16	19	32	26	40	29
Def Govt Grants Nc	63	60	63	64	96	133	123	170
Def Tax Assets	—	—	—	—	86	13	—	—
Total Assets	11,387	12,450	14,559	16,201	19,198	23,128	27,174	32,164
Total Borrowings	187	144	157	59	196	276	266	319
Net Debt	-540	101	63	8	107	168	48	85
Debt to Equity (x)	0.02	0.01	0.01	0	0.01	0.02	0.01	0.01
Current Ratio (x)	2.1	3.15	3.35	1.88	1.14	1.15	1.63	1.9

Eicher Motors cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Eicher Motors annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	1,527	2,847	3,742	3,980	4,805
Profit Before Tax	2,142	3,484	4,754	5,233	6,304
Depreciation & Amortisation	452	526	598	729	840
Finance Costs	19	28	51	54	72
Working Capital Changes	-150	66	388	211	278
Tax Paid	-514	-770	-1,068	-1,080	-1,358
Net Cash from Investing Activities	-983	-2,422	-2,852	-2,483	-2,964
Purchase of PPE	-641	-682	-819	-1,039	-1,275
Sale of Fixed Assets	2	-9,410	-9,357	-10,095	9
Interest Received	398	204	112	188	337
Net Cash from Financing Activities	-593	-417	-844	-1,399	-1,983
Proceeds from Borrowings	32	195	319	38	85
Repayment of Borrowings	-137	-20	-127	-43	-71
Interest Paid	-14	-18	-35	-24	-37
Dividend Paid	-465	-574	-1,013	-1,397	-1,920
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	0	-19	-37	-68	-74
Net Change in Cash	-50	8	45	121	-12
Effect of Foreign Exchange Changes	0	0	0	23	130
Free Cash Flow	886	2,165	2,923	2,941	3,530
CFO / PBT (x)	0.71	0.82	0.79	0.76	0.76

Eicher Motors key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Eicher Motors trades at a P/E of 37.60× against a sector median of 31.58× — a 19% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

Eicher Motors valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	37.6
Forward P/E	Valuation	28.84
P/B	Valuation	8.65
PEG (TTM)	Valuation	0.86
EV / EBITDA (TTM)	Valuation	25.45
P/S (TTM)	Valuation	8.73
Operating margin	Profitability	24.7%
Net margin (TTM)	Profitability	24%
Return on equity	Return ratios	24%
Return on capital employed	Return ratios	30.5%
Return on assets	Return ratios	10.42%
Debt to equity	Leverage & liquidity	0.02
Beta	Leverage & liquidity	1.05
EPS (TTM)	Per share	₹210.03
Book value	Per share	₹915.02
Revenue / share (TTM)	Per share	₹837.08
Cash flow / share	Per share	₹175.04
Dividend yield	Shareholder returns	1.05%
Dividend payout (TTM)	Shareholder returns	34.82%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Eicher Motors: frequently asked questions

What is Eicher Motors's annual revenue?

Eicher Motors reported revenue of ₹23,408 crore in Mar 2026, up 24.0% on the previous financial year.

Is Eicher Motors profitable?

Eicher Motors reported a net profit of ₹5,515 crore in Mar 2026, up 16.5% on the previous financial year.

What is Eicher Motors's EPS?

Eicher Motors reported earnings per share of ₹201.06 for Mar 2026.

What is Eicher Motors's operating margin?

Eicher Motors's operating margin for Mar 2026 was 24.71%.

What is Eicher Motors's return on equity?

Eicher Motors's return on equity stands at 24.00%. ROE measures profit generated per rupee of shareholder equity.

How many years of Eicher Motors financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Eicher Motors Ltd (EICHERMOT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.