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Eicher Motors (EICHERMOT) INR

At a glance: strengths & risks
Revenue growing (+24%)Profit growing (+16%)Low leverage (0.0x EBITDA)

Sector: Automobiles

IN_EICHERMOT

Price chart

7 970 INRDay -1.10%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
7 970 INR · -1.10%
Market cap
2187.9 bn INR

Growth

Δ revenue y/y
31.2%
Δ EBITDA y/y
32.2%

Multiples

P/E (LTM)
39.7x
3y avg: 33.1x
P/B (FY)
8.7x
P/E (ann.)
37.4x
EV/EBITDA (LTM)
37.8x
3y avg: 31.6x
EV/EBITDA (ann.)
34.4x

Cash return

Dividend yield
1.1%
FCF yield (LTM)
1.6%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
989.9 mln INR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B INR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB INROperating profitB INRD&AB INREBITDAB INRNet profitB INROperating CFB INRCapex + M&AB INRAssetsB INREquityB INRROE (annualized)Net debtB INRSource
2026-06-30Q2 2026 (3M)PARTIAL64.9
y/y 31.2%
13.1
y/y 30.7%
2.8
y/y 40.1%
15.9
y/y 32.2%
14.6
y/y 21.3%
y/y
251.0
y/y 17.9%
23.3%≈ 0.8
2026-03-31FY 2026 (12M)OK
y/y 23.9%
y/y 23.8%
y/y 15.2%
y/y 22.5%
y/y 16.5%
321.6
y/y 18.4%
251.0
y/y 17.9%
23.4%0.8
2025-12-31Q4 2025 (3M)PARTIAL60.0
y/y 20.6%
13.5
y/y 31.7%
2.1
y/y
15.6
y/y 52.3%
14.2
y/y 21.4%
y/y
220.9
y/y 16.4%
8.6%≈ 0.5
2025-09-30Q3 2025 (3M)OK60.7
y/y 42.4%
13.1
y/y 44.6%
2.0
y/y
15.1
y/y 66.6%
13.7
y/y 24.5%
289.4
y/y 18.7%
220.9
y/y 16.4%
25.3%0.5
2025-06-30Q2 2025 (3M)PARTIAL49.5
y/y 12.6%
10.0
y/y 0.8%
2.0
y/y
12.0
y/y 20.7%
12.1
y/y 9.4%
y/y
213.0
y/y 18.0%
22.6%≈ 0.5
2025-03-31FY 2025 (12M)OK
y/y 14.2%
y/y 5.4%
y/y 22.0%
y/y 7.7%
y/y 18.3%
271.7
y/y 17.5%
213.0
y/y 18.0%
23.5%0.5
2024-12-31Q4 2024 (3M)PARTIAL49.7
y/y 19.0%
10.2
y/y 8.4%
y/y
10.2
y/y 8.4%
11.7
y/y 17.5%
y/y
189.8
y/y 19.1%
8.2%≈ 0.6Link
2024-09-30Q3 2024 (3M)OK42.6
y/y 3.6%
9.1
y/y -3.9%
y/y
9.1
y/y -3.9%
11.0
y/y 8.3%
243.8
y/y 15.8%
189.8
y/y 19.1%
23.8%0.6Link
2024-06-30Q2 2024 (3M)PARTIAL43.9
y/y
10.0
y/y
y/y
10.0
y/y
11.0
y/y
y/y
180.5
y/y
24.4%≈ 1.7Link
2024-03-31FY 2024 (12M)OK
y/y 14.5%
y/y 28.1%
y/y 13.6%
y/y 25.9%
y/y 37.3%
231.3
y/y 20.5%
180.5
y/y 20.4%
23.6%1.7
2023-12-31Q4 2023 (3M)PARTIAL41.8
y/y
9.4
y/y
y/y
9.4
y/y
10.0
y/y
y/y
159.3
y/y
8.3%≈ -9.6Link
2023-09-30Q3 2023 (3M)OK41.1
y/y
9.4
y/y
y/y
9.4
y/y
10.2
y/y
210.6
y/y
159.3
y/y
26.3%-9.6Link
2023-03-31FY 2023 (12M)OK141.8
y/y
29.7
y/y
5.3
y/y
34.9
y/y
29.1
y/y
28.2-6.8192.0
y/y
149.9
y/y
1.1

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

020 00040 00060 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-20%0%20%40%60%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Net debt / cash (INR mln)

05001 0001 5002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q4

Profit and cash

Profit is broadly cash-backed
In a typical year of 2022–2026 operating cash flow came to 0.91x of reported net profit; after capex, 0.64x.
year20222023202420252026
cash flow / profit0.91x0.97x0.93x0.84x0.87x
accruals, % of assets0.5%1.2%2.8%2.2%
net debt / EBITDA 0.0x · capex 1.4x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +14.1%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (15 906 − 12 028) × 3.88
15 051
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (2 187 940 + 847) ÷ 61 729
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 11) ÷ 2
= (30.0 + 11) ÷ 2
20.5x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -372 + 0 + 0 − 0
-372
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (15 051 × 20.5 + -372) ÷ 2 187 940
+14.1%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +24% vs +14% the year before — a +9.8 pp move. 3-year CAGR +17%.
revenue growth by year: 2024 +15% · 2025 +14% · 2026 +24%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-3182 INREx-dividend: 82 INR per sharePaidYahoo Finance (ex-div)
2025-08-0170 INREx-dividend: 70 INR per sharePaidYahoo Finance (ex-div)
2024-08-0751 INREx-dividend: 51 INR per sharePaidYahoo Finance (ex-div)
2023-08-1437 INREx-dividend: 37 INR per sharePaidYahoo Finance (ex-div)
2022-08-1221 INREx-dividend: 21 INR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Eicher Motors (EICHERMOT) — from primary filings.

Frequently asked questions

What is Eicher Motors (EICHERMOT)'s P/E ratio?
Eicher Motors (EICHERMOT) trades at a P/E of 39.7x (price to trailing 12-month earnings).
What is Eicher Motors (EICHERMOT)'s EV/EBITDA?
Eicher Motors (EICHERMOT) trades at 37.8x EV/EBITDA.
What is Eicher Motors (EICHERMOT)'s P/B ratio?
Eicher Motors (EICHERMOT) trades at a P/B of 8.7x.
What is Eicher Motors (EICHERMOT)'s dividend yield?
Eicher Motors (EICHERMOT)'s trailing 12-month dividend yield is 1.1%.
What is Eicher Motors (EICHERMOT)'s return on equity (ROE)?
Eicher Motors (EICHERMOT)'s ROE is 23.3%.
What is Eicher Motors (EICHERMOT)'s market capitalization?
Eicher Motors (EICHERMOT)'s market cap is 2187.9 bn INR.

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