# EICHERMOT (EICHERMOT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/eichermot

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹7,163
- Change: +0.62%
- As of: 2026-10-13
- 1D return: +0.62%
- 5D return: +1.59%
- 1M return: -4.87%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, Eicher Motors presents a mixed technical picture with a bearish daily and weekly trend structure conflicting with a strong bullish monthly trend. Daily and weekly timeframes show the price trading below key moving averages and the Supertrend, indicating short-to-medium term weakness, further supported by strong bearish daily trend conviction (ADX 48.51). However, the monthly timeframe exhibits strong bullish conviction (ADX 86.73) with the price trading above its moving averages and Supertrend, suggesting underlying strength. The stock is positioned around the middle of its 20-day and 252-day ranges (+49.3% and +40.3% respectively), but in the lower-middle of its 50-day range (+28.3%). Recent anomalies include a wide intraday range on October 9, 2026 (+4.1% range, +4.2% return) and a high participation, no clear direction event on October 13, 2026 (+0.6% return). The stock's annualized volatility stands at +26.2% with a current drawdown of -12.5%.

The immediate technical setup suggests caution due to the bearish daily and weekly trends, despite the bullish monthly signal. The nearest resistance is observed at ₹7,188.5 (0.36% above current price), followed by ₹7,258.0 (1.33% above). Support is found at ₹7,140.0 (0.32% below current price) and ₹7,098.5 (0.90% below). A confirmed break above the ₹7,188.5 resistance level, coupled with improving daily and weekly trend indicators, could signal a shift towards the bullish monthly trend. Conversely, a decisive move below the ₹7,140.0 support level would reinforce the bearish short-term outlook.

- Mixed technical outlook with bearish daily/weekly trends against a bullish monthly trend.
- Strong daily trend conviction (ADX 48.51) and strong monthly trend conviction (ADX 86.73).
- Annualized volatility of +26.2% and a current drawdown of -12.5%.
- Nearest resistance at ₹7,188.5 (0.36% above) and support at ₹7,140.0 (0.32% below).
- Confirmation of a bullish setup requires a break above ₹7,188.5 with improving daily/weekly trends; invalidation occurs on a break below ₹7,140.0.

- Hammer
- Harami
- Inside Bar
- Bearish Engulfing Reversal
- Evening Star

### News Context

The automotive sector experienced a downturn, with Eicher Motors' share price extending its fall following an RBI rate hike on October 7, 2026. This broader market movement impacted several auto stocks, including TVS Motor, Bajaj Auto, and Hero MotoCorp, which were noted as top losers. Separately, on October 12, 2026, HSBC's commentary on the auto sector highlighted that rising raw-material costs were offsetting gains from operating leverage, suggesting potential pressure on profitability within the industry.

- Eicher Motors' share price fell on October 7, 2026, as part of a broader decline in auto stocks after an RBI rate hike.
- HSBC noted on October 12, 2026, that raw-material costs are impacting the auto sector by negating the benefits of operating leverage.

- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- [Auto stocks extend fall after RBI rate hike: TVS Motor, Bajaj Auto, Hero MotoCorp among top losers](https://www.businesstoday.in/markets/stocks/story/auto-stocks-extend-fall-after-rbi-rate-hike-tvs-motor-bajaj-auto-hero-motocorp-among-top-losers-560099-2026-10-07)

### What Changed

Eicher Motors' stock traded at ₹7,163.0 on October 13, 2026. This represents a slight increase from its previous trading price of ₹7,119.0. The company's profile on the BSE remains unchanged, indicating continuity in its listing details.

- Eicher Motors stock price increased to ₹7,163.0 on October 13, 2026, from ₹7,119.0 previously.
- The company continues to be listed on the BSE.

### Official Filings

Eicher Motors reported strong September 2026 sales figures for its Royal Enfield motorcycles, achieving its highest-ever monthly sales at 1,33,958 units, an 8% increase compared to September 2025. Year-to-date sales for Royal Enfield motorcycles showed a 20% increase, reaching 7,09,096 units. The company also highlighted new product launches, including the Himalayan 440, which is fully booked for six months, and the electric motorcycle Flying Flea C6, launched in five European cities with deliveries commencing in October 2026. In parallel, its unlisted subsidiary, VE Commercial Vehicles Limited (VECV), reported a significant 49.6% year-over-year increase in total sales for September 2026, reaching 11,396 units. VECV's year-to-date sales (April-September 2026) grew by 21.5% to 52,886 units. The company also announced the closure of its trading window from October 1, 2026, to November 15, 2026, in preparation for its quarterly financial results.

- September 2026 Royal Enfield motorcycle sales reached a record 1,33,958 units, an 8% increase year-over-year.
- Year-to-date Royal Enfield motorcycle sales increased by 20% to 7,09,096 units.
- VE Commercial Vehicles Limited (VECV) reported September 2026 sales of 11,396 units, a 49.6% increase year-over-year.
- VECV's year-to-date sales grew 21.5% to 52,886 units.
- The trading window for Eicher Motors will be closed from October 1, 2026, to November 15, 2026.

- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_01102026111841_EMLMonthlyBusinessUpdate1stOctober2026Signed__1_.pdf)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/Navneetnse_01102026122247_VECVSept26salesUpdate1stOct26UpdatedSigned.pdf)
- [Eicher Motors Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/EICHERMOT_25092026151921_Intimation_closing_of_trading_window_October2026.pdf)
- [Eicher Motors Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_449_WebXMLFile_20260925_152438165.xml)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "INTRODUCING THE CLASSIC 350 SIGNATURE WHITE EDITION". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_22092026115537_Press_Release_Classic_350_White_edition_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Reminder Letter to holders of physical securities for furnishing of KYC details |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_22092026182046_EML_KYC_Intimation_22-09-2026_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "Flying Flea C6 launches in five cities in Europe and the UK: Paris, Barcelona, Rome, Berlin and London". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_17092026012316_PressReleaseFFUKEurope_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_15092026173128_EMLIntimationofscheduleofinvestormeetSep152026Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_07092026182619_EMLScheduleofinvestormeet10and11Sep2026.pdf)
- [EICHER MOTORS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260907_183443137.xml)

### Fundamentals

Eicher Motors reported sequential growth in revenue from operations for Q1 FY2026-27, reaching ₹6,632.42 crore, an increase from ₹6,080.09 crore in Q4 FY2025-26. However, net profit saw a sequential decrease to ₹1,462.51 crore in Q1 FY2026-27, down from ₹1,519.95 crore in the prior quarter. This divergence suggests margin pressure, as finance costs increased sequentially to ₹21.65 crore from ₹20.20 crore, while other expenses decreased to ₹712.53 crore from ₹768.75 crore. Profit Before Tax showed a sequential increase to ₹1,757.73 crore from ₹1,614.01 crore, indicating that the net profit decline was primarily due to factors impacting the final profit conversion. The company has demonstrated consistent compounded sales growth of 28% on a Trailing Twelve Months (TTM) basis and a Return on Equity of 24% over the last year, indicating a generally positive historical operating trajectory. The company's balance sheet shows increasing borrowings from ₹419 crore in March 2024 to ₹514 crore by March 2026, alongside a significant increase in investments from ₹13,527 crore to ₹17,496 crore over the same period. Free cash flow has shown an upward trend, increasing from ₹2,909 crore in March 2024 to ₹3,538 crore by March 2026. The next checkpoint for investors will be to monitor the sustainability of operating profit margins and the conversion of profit before tax to net profit in the upcoming quarters.

- Revenue from operations increased sequentially to ₹6,632.42 crore in Q1 FY2026-27.
- Net profit declined sequentially to ₹1,462.51 crore in Q1 FY2026-27, despite a rise in Profit Before Tax, indicating margin pressure.
- The company has maintained strong historical growth with Compounded Sales Growth at 28% (TTM) and Return on Equity at 24% (Last Year).
- Monitor the conversion of Profit Before Tax to Net Profit for margin sustainability.

### Bull Case

Eicher Motors' monthly technical indicators show a bullish trend, with the Supertrend direction noted as bullish and a high ADX reading of 86.73 suggesting strong trend momentum. The company's long-term performance is reflected in a return of +46.6% since the start of its trading history. Nearest support is observed at ₹7140.0, which is 0.32% below the current price.

- Monthly Supertrend direction is bullish.
- Monthly ADX reading is 86.73.
- Return since start of trading history is +46.6%.
- Nearest support level is ₹7140.0.

- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- [Auto stocks extend fall after RBI rate hike: TVS Motor, Bajaj Auto, Hero MotoCorp among top losers](https://www.businesstoday.in/markets/stocks/story/auto-stocks-extend-fall-after-rbi-rate-hike-tvs-motor-bajaj-auto-hero-motocorp-among-top-losers-560099-2026-10-07)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_01102026111841_EMLMonthlyBusinessUpdate1stOctober2026Signed__1_.pdf)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/Navneetnse_01102026122247_VECVSept26salesUpdate1stOct26UpdatedSigned.pdf)
- [Eicher Motors Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/EICHERMOT_25092026151921_Intimation_closing_of_trading_window_October2026.pdf)
- [Eicher Motors Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_449_WebXMLFile_20260925_152438165.xml)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "INTRODUCING THE CLASSIC 350 SIGNATURE WHITE EDITION". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_22092026115537_Press_Release_Classic_350_White_edition_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Reminder Letter to holders of physical securities for furnishing of KYC details |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_22092026182046_EML_KYC_Intimation_22-09-2026_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "Flying Flea C6 launches in five cities in Europe and the UK: Paris, Barcelona, Rome, Berlin and London". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_17092026012316_PressReleaseFFUKEurope_Signed.pdf)

### Bear Case

The company's technical indicators suggest a weakening trend. The daily trend analysis shows a bearish supertrend direction, with negative slopes for both the 20-day Exponential Moving Average (EMA) and the 20-day Simple Moving Average (SMA). The weekly trend also indicates a bearish supertrend direction. Recent performance metrics show a negative return of -4.9% over the last month and -2.5% year-to-date. The stock is also experiencing a current drawdown of -12.5% from its recent peak, with a maximum drawdown of -19.6% observed historically. While the monthly trend shows a bullish supertrend direction, the daily and weekly signals, coupled with recent negative returns and drawdowns, warrant a cautious outlook.

- Daily trend analysis indicates a bearish supertrend direction as of 2026-10-13.
- Weekly trend analysis also shows a bearish supertrend direction.
- The stock has experienced a -4.9% return over the last month and a -2.5% year-to-date return.
- Current drawdown stands at -12.5%, with a maximum drawdown of -19.6%.

- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- [Auto stocks extend fall after RBI rate hike: TVS Motor, Bajaj Auto, Hero MotoCorp among top losers](https://www.businesstoday.in/markets/stocks/story/auto-stocks-extend-fall-after-rbi-rate-hike-tvs-motor-bajaj-auto-hero-motocorp-among-top-losers-560099-2026-10-07)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_01102026111841_EMLMonthlyBusinessUpdate1stOctober2026Signed__1_.pdf)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/Navneetnse_01102026122247_VECVSept26salesUpdate1stOct26UpdatedSigned.pdf)
- [Eicher Motors Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/EICHERMOT_25092026151921_Intimation_closing_of_trading_window_October2026.pdf)
- [Eicher Motors Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_449_WebXMLFile_20260925_152438165.xml)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "INTRODUCING THE CLASSIC 350 SIGNATURE WHITE EDITION". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_22092026115537_Press_Release_Classic_350_White_edition_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Reminder Letter to holders of physical securities for furnishing of KYC details |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_22092026182046_EML_KYC_Intimation_22-09-2026_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "Flying Flea C6 launches in five cities in Europe and the UK: Paris, Barcelona, Rome, Berlin and London". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_17092026012316_PressReleaseFFUKEurope_Signed.pdf)

### FAQs

**What were Eicher Motors' recent sales performance updates for September 2026?**

For September 2026, Eicher Motors reported its highest-ever monthly sales for Royal Enfield motorcycles, with 1,33,958 units sold, an 8% increase compared to 1,24,328 units in September 2025. Year-to-date sales for Royal Enfield reached 7,09,096 units, a 20% increase. The company's unlisted subsidiary, VE Commercial Vehicles Limited (VECV), reported total sales of 11,396 units in September 2026, a 49.6% increase from 7,619 units in September 2025. Domestic Eicher trucks and buses sales were 10,479 units, up 57.5% year-over-year. Year-to-date (April-September 2026) VECV sales were 52,886 units, a 21.5% growth from 43,511 units in the same period last year.

**What new products or initiatives has Royal Enfield launched recently?**

Royal Enfield launched the Himalayan 440, which is fully booked for six months. They also introduced the Flying Flea C6 electric motorcycle in five European cities, with deliveries starting in October 2026. Additionally, the 'Signature White' edition of the Classic 350 was launched on September 22, 2026, featuring premium seats, an Assist and Slipper Clutch, adjustable levers, a USB Type-C Fast Charging port, and a Tripper Pod, with prices starting at ₹2,24,275 (ex-showroom, Chennai).

**What is the current technical trend and nearest price levels for Eicher Motors?**

As of October 13, 2026, the daily trend for Eicher Motors is indicated as bearish, with a Supertrend direction of 'bearish'. The weekly trend is also bearish. Key technical levels to monitor include support at ₹7140.0 (0.32% below current price) and resistance at ₹7188.5 (0.36% above current price). The stock's market capitalization was ₹1,954,320,025,014.

**When is the trading window for Eicher Motors closed?**

Eicher Motors announced the closure of its trading window for designated persons from October 1, 2026, to November 15, 2026. This closure is in preparation for the release of quarterly financial results and to comply with SEBI (Prohibition of Insider Trading) Regulations, 2015.

- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- [Auto stocks extend fall after RBI rate hike: TVS Motor, Bajaj Auto, Hero MotoCorp among top losers](https://www.businesstoday.in/markets/stocks/story/auto-stocks-extend-fall-after-rbi-rate-hike-tvs-motor-bajaj-auto-hero-motocorp-among-top-losers-560099-2026-10-07)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_01102026111841_EMLMonthlyBusinessUpdate1stOctober2026Signed__1_.pdf)
- [Eicher Motors Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026 of VE Commercial Vehicles Limited, an unlisted material subsidiary of Eicher Motors Limited |SUBJECT: Monthly Business Updates](https://nsearchives.nseindia.com/corporate/Navneetnse_01102026122247_VECVSept26salesUpdate1stOct26UpdatedSigned.pdf)
- [Eicher Motors Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/EICHERMOT_25092026151921_Intimation_closing_of_trading_window_October2026.pdf)
- [Eicher Motors Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_449_WebXMLFile_20260925_152438165.xml)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "INTRODUCING THE CLASSIC 350 SIGNATURE WHITE EDITION". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_22092026115537_Press_Release_Classic_350_White_edition_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange about Reminder Letter to holders of physical securities for furnishing of KYC details |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/EICHERMOT_22092026182046_EML_KYC_Intimation_22-09-2026_Signed.pdf)
- [Eicher Motors Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "Flying Flea C6 launches in five cities in Europe and the UK: Paris, Barcelona, Rome, Berlin and London". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_17092026012316_PressReleaseFFUKEurope_Signed.pdf)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹7,098.5
- Risk regime: Price Risk Currently Contained

### Support levels
- 7140
- 6618.34375
- 6442

### Resistance levels
- 7398.359375
- 7471.5
- 7563.6875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.62% |
| return_10 | -0.70% |
| return_1m | -4.87% |
| return_1y | +3.63% |
| return_20 | -4.87% |
| return_3m | -1.83% |
| return_5 | +1.59% |
| return_6m | +1.60% |
| return_since_start | +46.62% |
| return_ytd | -2.52% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -19.58% |
| annualized_volatility | +26.24% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Jumps 31% Year-over-Year While Sequential Net Profit Edges Lower

Eicher Motors reported a sharp increase in quarterly revenue for the three months ended 30 June 2026, rising 31.6% compared with the same quarter last year. Profit before tax also grew, but the final net profit for the period fell 3.8% from the preceding quarter. The decline reflects higher tax expense and the equity-accounted share of profit from associates and joint ventures, which together offset a stronger pre-tax operating performance.

## Revenue Expansion

Revenue from operations reached ₹6,632.42 crore, the highest level in the available quarterly series. The figure was 9.1% higher than the preceding quarter (₹6,080.09 crore) and 31.6% above the year‑earlier quarter (₹5,041.84 crore). The year‑over‑year gain indicates a meaningful step up from the same period last year.

## Profitability Reconciliation: Operating Profit vs. Net Profit

Profit before tax rose 8.9% quarter‑on‑quarter to ₹1,757.73 crore, broadly in line with the pace of revenue growth. However, the net profit for the quarter moved lower, falling 3.8% to ₹1,462.51 crore.

Two items explain the divergence. First, tax expense increased 11.0% sequentially to ₹462.72 crore, climbing at a faster rate than pre‑tax profit. Second, the company recorded ₹167.50 crore as “Share of Profit/Loss of Associates and Joint Ventures Accounted for Using Equity Method.” The net effect of the higher tax charge and the associate/joint‑venture contribution was a profit after tax that fell short of the previous quarter’s level, even though operating earnings before tax had improved.

## Cost Structure and Expense Management

Cost of materials consumed was ₹3,324.23 crore, representing roughly half of quarterly revenue. Other expenses declined 7.3% from the prior quarter to ₹712.53 crore, partially offsetting the rise in material costs. Employee benefit expenses stood at ₹449.69 crore, while depreciation amounted to ₹277.55 crore.

Finance costs increased both sequentially and year‑over‑year. They rose 7.2% from the previous quarter (₹21.65 crore vs. ₹20.20 crore) and climbed 45.3% compared with the same quarter last year (₹14.90 crore).

## Per Share Performance

Basic earnings per share fell to ₹53.30 from ₹55.41 in the previous quarter, a decline of 3.8% that mirrored the sequential contraction in net profit. On a year‑over‑year basis, EPS was still 21.3% higher than the ₹43.95 recorded in the same quarter last year.

## Key Takeaway

Revenue growth was strong at 31.6% year‑over‑year, and pre‑tax profit expanded. Yet net profit decreased 3.8% from the preceding quarter as a larger tax expense and the equity‑accounted contribution from associates and joint ventures shaped the bottom line. The quarter’s revenue performance resumes an upward movement after prior quarters that had remained comparatively flat, while costs showed mixed trends.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +49.02%
- FII holding: +25.52%
- DII holding: +15.97%
- Mutual fund holding: +10.21%
- Retail holding: +6.19%
- Promoter pledged: +0.00%

### Major reported shareholders

- THE SIMRAN SIDDHARTHA TARA BENEFIT TRUST (Name of trustees are mentioned in Note-4) — +43.83% (Trusts)
- Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund — +2.83%
- Sbi Nifty 50 Etf — +2.23%
- THE BRINDA LAL TRUST (Mrs Anita Lal, Mr. Vikram Lal & Mr. Ravi Prakash) — +1.77% (Trusts)
- Life Insurance Corporation Of India — +1.76%
- Nps Trust- A/C Lic Pension Fund Scheme - State Govt — +1.57%
- Simran Lal — +1.15%
- TARA LAL — +1.15%
- Icici Prudential Large Cap Fund — +1.14%
- Uti Nifty 50 Etf — +1.11%

## Official filings

- 2026-10-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_01102026111841_EMLMonthlyBusinessUpdate1stOctober2026Signed__1_.pdf)
- 2026-10-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Navneetnse_01102026122247_VECVSept26salesUpdate1stOct26UpdatedSigned.pdf)
- 2026-09-25 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_25092026151921_Intimation_closing_of_trading_window_October2026.pdf)
- 2026-09-25 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_449_WebXMLFile_20260925_152438165.xml)
- 2026-09-22 — Press Release: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_22092026115537_Press_Release_Classic_350_White_edition_Signed.pdf)
- 2026-09-22 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_22092026182046_EML_KYC_Intimation_22-09-2026_Signed.pdf)
- 2026-09-16 — Press Release: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_17092026012316_PressReleaseFFUKEurope_Signed.pdf)
- 2026-09-15 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_15092026173128_EMLIntimationofscheduleofinvestormeetSep152026Signed.pdf)
- 2026-09-07 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_07092026182619_EMLScheduleofinvestormeet10and11Sep2026.pdf)
- 2026-09-07 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260907_183443137.xml)
- 2026-09-04 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_04092026120234_EMLIntimationofscheduleofinvestormeetSep042026Signed.pdf)
- 2026-09-04 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260904_163926371.xml)
- 2026-09-04 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260904_164006376.xml)
- 2026-09-04 — Press Release: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_04092026184619_Press_Release_Himalayan_440_Launch_Filing_Signed.pdf)
- 2026-09-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_01092026124418_EMLMonthlyBusinessUpdate1stSeptember2026Signed.pdf)
- 2026-09-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Navneetnse_01092026130018_VECVAug26salesUpdate1stSept26UpdatedSigned.pdf)
- 2026-09-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_01092026174732_EMLIntimation_of_schedule_of_investor_meet_September_012026_Signed.pdf)
- 2026-09-01 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260901_190510606.xml)
- 2026-08-25 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_449_WebXMLFile_20260825_182916283.xml)
- 2026-08-25 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_25082026183229_EMLIntimationofscheduleofinvestormeetSigned__1_.pdf)
- 2026-08-21 — Regulatory Filing: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1716656_21082026110503_WEB.xml)
- 2026-08-20 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_20082026193447_EMLProceedingsofthe44thAnnualGeneralMeetingSigned.pdf)
- 2026-08-20 — Management Change: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_20082026234634_AppointmentofDirectors44thAGM20082026Signed.pdf)
- 2026-08-20 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EICHERMOT_20082026233904_EML44thAGMvotingresultsforfilingBSESigned.pdf)
- 2026-08-19 — Generic Announcement: Eicher Motors Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/rahulrathore_royalenfield_com_19082026155014_NewspaperPublicationAugust192026.pdf)

## News and market events

- 2026-10-12 — MONEYCONTROL: **Raw-material costs offset operating leverage: HSBC on auto** — hsbc, auto, vehicles, gst, auto demand — [Source](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- 2026-10-08 — BUSINESSTODAY: **Tata Motors PV, Ather Energy, Hyundai, M&M: Share price targets ahead of Q2 results** — Ather Energy share price, TMPV share price, M&M share price, Ashok Leyland share price, Auto stocks to but, Ather Energy price target 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-ather-energy-hyundai-mm-share-price-targets-ahead-of-q2-results-560271-2026-10-08)
- 2026-10-07 — BUSINESSTODAY: **Auto stocks extend fall after RBI rate hike: TVS Motor, Bajaj Auto, Hero MotoCorp among top losers** — auto stocks, auto stocks today, auto shares, RBI rate hike, RBI repo rate, RBI repo rate hike, auto stocks after RBI rate hike, Indian auto stocks, TVS Motor share price, Bajaj Auto share price, Hero MotoCorp share price, Tata Motors share price, Ashok Leyland share price, Eicher Motors share price, Maruti Suzuki share price, Mahindra & Mahindra share price, Hyundai Motor India share price, auto sector outlook, auto stocks FY27, two-wheeler stocks, passenger vehicle stocks, commercial vehicle stocks, auto sector India, RBI monetary policy, auto sales September 2026, festive demand auto sector — [Source](https://www.businesstoday.in/markets/stocks/story/auto-stocks-extend-fall-after-rbi-rate-hike-tvs-motor-bajaj-auto-hero-motocorp-among-top-losers-560099-2026-10-07)
- 2026-10-06 — DECCANCHRONICLE.COM: **Eicher Motors Gets Environmental Clearance for Royal Enfield Plant in Tirupati District** — The company has to obtain Consent to Establish from the AP Pollution Control Board and other statutory permissions before commencing construction. — [Source](https://www.deccanchronicle.com/southern-states/andhra-pradesh/eicher-motors-gets-environmental-clearance-for-royal-enfield-plant-in-tirupati-district-1993711)
- 2026-10-06 — BUSINESSTODAY: **Welspun Corp, KMB shares added; RIL weight raised as Jefferies bets on largecap stocks** — Welspun Corp shares, KMB shares, RIL share price, RIL share price today — [Source](https://www.businesstoday.in/markets/stocks/story/welspun-corp-kmb-shares-added-ril-weight-raised-as-jefferies-bets-on-largecap-stocks-559747-2026-10-06)
- 2026-10-01 — Mint: **Bajaj Auto, Hero MotoCorp, M&M tumble: Nifty Auto falls over 3% to lead sectoral loss — what’s next for the sector?** — The Nifty Auto index dropped more than 3% amid poor sales results and new fuel-efficiency regulations. Bajaj Auto and M&M reported declines, impacting overall sentiment in the automobile sector. — [Source](https://www.livemint.com/market/stock-market-news/bajaj-auto-hero-motocorp-m-m-tumble-nifty-auto-falls-over-3-to-lead-sectoral-losses-what-s-next-for-the-sector-11790832662304.html)
- 2026-10-01 — MONEYCONTROL: **Bajaj Auto crashes 8%, auto stocks slide on weak September sales; Maruti, M&M among top losers, Hyundai gains** — monthly auto sales, automobile stocks update, auto shares today, nifty auto falls, car and bike sales — [Source](https://www.moneycontrol.com/news/business/markets/bajaj-auto-crashes-8-auto-stocks-slide-on-weak-september-sales-maruti-m-m-among-top-losers-hyundai-gains-14042580.html)
- 2026-10-01 — The Hindu: **These stocks will see heightened activity on October 1** — Stocks across autos, tech, and infrastructure set for mixed moves — [Source](https://www.thehindubusinessline.com/markets/these-stocks-will-see-heightened-activity-on-october-1/article71531230.ece)
- 2026-09-29 — CNBC-TV18: **Britannia rejigs senior management as N. Venkataraman moves to deputy MD role** — Britannia Industries will appoint N. Venkataraman as Deputy Managing Director and Ramamurthy Jayaraman as CFO from October 1. The move separates the company’s finance leadership from Venkataraman’s wider responsibilities across strategy, legal, IT and other functions. — [Source](https://www.cnbctv18.com/business/companies/britannia-rejigs-senior-management-as-n-venkataraman-moves-to-deputy-md-role-20001388.htm)
- 2026-09-22 — CNBC-TV18: **India Risk Management Awards Season 12: New mandate for risk leaders** — India Risk Management Awards Season 12 highlights how AI, cyber threats and geopolitical risks are reshaping the role of risk leaders and enterprise resilience. — [Source](https://www.cnbctv18.com/business/india-risk-management-awards-season-12-new-mandate-for-risk-leaders-19995815.htm)
- 2026-09-21 — Mint: **Nifty Auto looks set to snap a 5-month winning streak - Should you buy the dip in auto, auto ancillary stocks?** — After a 5-month winning streak, Nifty Auto and major auto stocks are in decline due to profit booking and economic concerns. With rising oil prices and impending interest rate hikes, experts suggest selective buying.  — [Source](https://www.livemint.com/market/stock-market-news/nifty-auto-looks-set-to-snap-a-5-month-winning-streak-should-you-buy-the-dip-in-auto-auto-ancillary-stocks-11789976254551.html)
- 2026-09-20 — The Hindu: **Auto battle shifts into high gear ahead of festive season** — From CNG cars to electric motorcycles and heavy trucks, manufacturers are rolling out fresh products to win buyers — [Source](https://www.thehindubusinessline.com/companies/auto-battle-shifts-into-high-gear-ahead-of-festive-season/article71485948.ece)
- 2026-09-19 — Economic Times: **F&O Talk: 23,050 key Nifty support; Sudeep Shah outlines Tata stocks strategy, names 5 picks** — Niftys 23,000-23,050 zone remains a crucial support as the index navigates a prolonged correction, while 23,500 is the key hurdle. SBI Securities Sudeep Shah outlines the outlook for Nifty, Bank Nifty and IT, shares technical views on Tata stocks, and names five stocks that look promising for the coming week. — [Source](https://economictimes.indiatimes.com/markets/expert-view/fo-talk-23050-key-nifty-support-sudeep-shah-outlines-tata-stocks-strategy-names-5-picks/articleshow/134349624.cms)
- 2026-09-10 — BUSINESSTODAY: **Tata Motors PV, Maruti Suzuki, Hyundai, M&M: 35 new launches in 5 years! Top auto stock picks** — Tata Motors PV, Maruti Suzuki, Hyundai, M&M: new car launches, auto stock picks, auto stock ideas — [Source](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-maruti-suzuki-hyundai-mm-35-new-launches-in-5-years-top-auto-picks-554612-2026-09-10)
- 2026-09-07 — Economic Times: **Stocks in news: Tata Motors, RVNL, Eicher Motors, Mazagon Dock and Lupin** — Indian equity markets experienced volatility, with the Nifty 50 extending its losing streak for four weeks. Escalating US-Iran hostilities pushed crude oil prices higher, impacting overall market sentiment. Several companies, including Tata Motors and Rail Vikas Nigam, are expected to be active on Monday. Mazagon Dock Shipbuilders and Eicher Motors also reported significant corporate developments. Lupin received US FDA approval, while JSW Steel saw production increases in August. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-motors-rvnl-eicher-motors-mazagon-dock-and-lupin/articleshow/133844968.cms)
- 2026-09-06 — Mint: **Top stocks in focus on Monday: Why investors watch RVNL, Mazagon Dock, Tata Motors shares - Know news, triggers** — Rail Vikas Nigam (RVNL), Lupin, Tata Motors, Mazagon Dock Shipbuilders, JSW Steel, Lupin among the stocks likely to remain in focus. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-on-monday-why-investors-watch-rvnl-mazagon-dock-tata-motors-shares-know-news-triggers-11788692544285.html)
- 2026-09-06 — CNBC-TV18: **Stocks to Watch for September 7: RVNL, Mazagon Dock, Tata Motors, JSW Steel and more** — From RVNL receiving a ₹903 crore Letter of Award from SJVN Thermal to Lupin securing US FDA approval for Modafinil Tablets USP, 100 mg and 200 mg, here are the stocks to track ahead of Monday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-7-rvnl-mazagon-dock-tata-motors-jsw-steel-and-more-19984660.htm)
- 2026-09-03 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty bulls hope to hold 23,800 support on Sensex expiry day** — Sensex Today | Stock Market LIVE Updates: The bulls managed to hold on to the 23,800 mark on Wednesday but nothing much has changed on ground for the market. Oil prices remain above $95, although Wall Street saw a small rebound overnight. Bond yields too saw a small cool-off but remain at elevated levels. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-expiry-nifty-50-today-oil-banks-rbl-icici-meesho-persistent-swiggy-share-price-liveblog-19982850.htm)
- 2026-09-02 — BUSINESSTODAY: **Hero MotoCorp, Eicher Motors shares slide up to 5%; analyst flags key support levels** — Hero MotoCorp, Eicher Motors, Nifty Auto, automobile stocks, Hero MotoCorp share price, Eicher Motors share price, stock market, auto stocks, technical outlook, support levels, resistance levels, price consolidation, Mayank Jain, Share.Market by PhonePe, NSE — [Source](https://www.businesstoday.in/markets/stocks/story/hero-motocorp-eicher-motors-shares-slide-up-to-5-analyst-flags-key-support-levels-552889-2026-09-02)
- 2026-09-02 — The Hindu: **Flexi-cap funds see ₹49,915 crore inflows during January-July 2026** — Investors increasingly favoured manager-led allocation across market-cap segments, helping the category expand its investor base and assets under management — [Source](https://www.thehindubusinessline.com/markets/flexi-cap-funds-see-49915-crore-inflows-during-january-july-2026/article71418736.ece)
- 2026-09-02 — CNBC-TV18: **IFCI, Coal India lead Nifty 500 gainers as auto stocks fall at market open** — Brokerage calls and August auto sales numbers drove sharp moves across the Nifty 500 at market open, with UBS and HSBC weighing in on Coal India even as automakers posted mixed monthly sales — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/ifci-coal-india-nifty-500-gainers-hero-motocorp-eicher-motors-ola-electric-market-open-share-price-19981967.htm)
- 2026-08-18 — CNBC-TV18: **Nifty could rally 17-20% over next 12-18 months as rupee stabilises: Elara Capital** — Elara Capital's Harendra Kumar expects the Nifty to rise 17-20% over the next 18 months as the rupee stabilises and earnings improve. He favours mid-caps, autos, power and fintech platforms like Nykaa and PB Fintech over private banks, citing a structural shift in profit pools across India's financial sector. — [Source](https://www.cnbctv18.com/market/nifty-can-rally-17-20-over-next-18-months-rupee-stabilises-elara-capital-harendra-kumar-el-nino-sensex-crude-oil-omcs-gst-rbi-19971636.htm)
- 2026-08-17 — The Hindu: **Sensex today | Stock Market LIVE: Sensex down 120 points, Nifty under 24,350; Infosys leads losers** — Sensex, Nifty, Share Prices Live updates: At around 3 pm, Sensex declined 120 pts or 0.16% to 77,881.93; and Nifty 50 was down 22.30 pts or 0.12% to 24,343.70 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-17th-august-2026/article71354693.ece)
- 2026-08-07 — MONEYCONTROL: **Over 80% of global funds are underweight India; potential to drive $25 billion inflow: HSBC** — HSBC, india, emerging markets, weightage, research — [Source](https://www.moneycontrol.com/news/business/markets/over-80-of-global-funds-are-underweight-india-potential-to-drive-25-billion-inflow-hsbc-13997858.html)
- 2026-07-31 — BUSINESSTODAY: **Top stocks in news: Tata Steel, Bajaj Finance, Swiggy, Mazagon, RailTel, LIC Housing, Medanta** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Bajaj Finance, Swiggy, Tata Steel, Mazagon Dock Shipbuilders, Torrent Pharmaceuticals, LIC Housing Finance, AWL Agri Business, RailTel Corporation of India, Aarti Industries, Indegene, Global Health, Chambal Fertilisers & Chemicals, Thermax, Data Patterns (India), Rainbow Children's Medicare, Satin Creditcare Network, GNG Electronics, MOIL, Nucleus Software Exports — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-tata-steel-bajaj-finance-swiggy-mazagon-railtel-lic-housing-medanta-546413-2026-07-31)

## Business profile

**Strategic vision:** Manufactures motorcycles, trucks, buses, and commercial engines.

### Business segments
- **Royal Enfield:** Develops, manufactures, and retails mid-sized cruiser and adventure motorcycles.
- **VE Commercial Vehicles (VECV Joint Venture):** Manufactures and markets light-to-heavy duty trucks, school and tourist buses, Volvo buses, and industrial/marine engines.

### Competitive strengths
- Joint governance framework with Volvo Group for commercial vehicles.
- Dedicated product technical centers for design coordination.
- Specialized motorcycle assembly plants.
- Unified dealer and servicing infrastructure for commercial vehicles.

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/eichermot
Markdown representation: https://faxioms.com/stocks/eichermot?render=md