Eicher Motors (EICHERMOT)₹7,629−0.29%2/3 Wheelers
In the Jun 2026 quarter (consolidated), Eicher Motors reported sales of ₹6,635 Cr, up 31.6% from Jun 2025, and net profit of ₹1,457 Cr, up 21.5% year on year. For the year to Mar 2026, sales were ₹23,428 Cr and net profit ₹5,495 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,117 | 4,184 | 4,256 | 4,398 | 4,264 | 4,974 | 5,245 | 5,044 | 6,171 | 6,120 | 6,085 | 6,635 |
| Expenses | 3,015 | 3,079 | 3,115 | 3,215 | 3,163 | 3,760 | 3,972 | 3,823 | 4,647 | 4,538 | 4,554 | 5,025 |
| Operating Profit | 1,083 | 1,086 | 1,125 | 1,160 | 1,084 | 1,196 | 1,252 | 1,198 | 1,507 | 1,550 | 1,508 | 1,584 |
| OPM % | 26.0% | 26.0% | 27.0% | 27.0% | 26.0% | 24.0% | 24.0% | 24.0% | 24.0% | 25.0% | 25.0% | 24.0% |
| Other Income | 375 | 368 | 437 | 457 | 468 | 452 | 628 | 603 | 486 | 465 | 675 | 634 |
| Interest | 13.05 | 12.04 | 15.04 | 12.05 | 13.05 | 13.04 | 16.04 | 15.05 | 19.07 | 17.06 | 20.05 | 22.07 |
| Depreciation | 143 | 148 | 165 | 169 | 180 | 179 | 201 | 198 | 200 | 211 | 233 | 279 |
| Profit before tax | 1,312 | 1,302 | 1,390 | 1,445 | 1,367 | 1,466 | 1,674 | 1,599 | 1,784 | 1,799 | 1,943 | 1,930 |
| Tax % | 22.0% | 23.0% | 23.0% | 24.0% | 19.1% | 20.0% | 18.0% | 24.0% | 23.0% | 21.0% | 22.0% | 24.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −43.89 | 0.00 | 0.00 |
| Net Profit | 1,013 | 992 | 1,066 | 1,096 | 1,096 | 1,165 | 1,357 | 1,200 | 1,364 | 1,416 | 1,515 | 1,457 |
| EPS (Rs) | 37.23 | 36.48 | 39.18 | 40.27 | 40.25 | 42.80 | 49.75 | 44.01 | 50.04 | 51.86 | 55.56 | 53.37 |
| Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,172 | 7,035 | 8,974 | 9,807 | 9,167 | 8,725 | 10,311 | 14,456 | 16,536 | 18,885 | 23,428 | 25,012 |
| Expenses | 4,469 | 4,845 | 6,137 | 6,875 | 6,946 | 6,917 | 8,091 | 10,967 | 12,161 | 14,110 | 17,570 | 18,763 |
| Operating Profit | 1,683 | 2,165 | 2,798 | 2,892 | 2,176 | 1,775 | 2,170 | 3,430 | 4,312 | 4,702 | 5,766 | 6,150 |
| OPM % | 27.0% | 31.0% | 31.0% | 30.0% | 24.0% | 20.0% | 21.0% | 24.0% | 26.0% | 25.0% | 25.0% | 24.6% |
| Other Income | 326 | 416 | 536 | 701 | 572 | 482 | 496 | 908 | 1,522 | 1,994 | 2,225 | 2,260 |
| Interest | 2.01 | 4.01 | 5.01 | 7.02 | 19.07 | 16.05 | 19.07 | 28.09 | 51.14 | 54.14 | 72.19 | 78.25 |
| Depreciation | 137 | 154 | 223 | 301 | 383 | 452 | 453 | 527 | 599 | 730 | 842 | 923 |
| Profit before tax | 1,883 | 2,442 | 3,125 | 3,306 | 2,364 | 1,804 | 2,210 | 3,813 | 5,222 | 5,952 | 7,123 | 7,455 |
| Tax % | 29.0% | 30.0% | 30.0% | 33.0% | 22.0% | 25.0% | 24.0% | 23.0% | 23.0% | 20.0% | 22.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | −0.99 | −1.99 | −0.99 | −2.99 | 0.00 | −0.99 | −5.99 | −43.85 | −43.89 |
| Net Profit | 1,332 | 1,661 | 1,953 | 2,193 | 1,821 | 1,342 | 1,670 | 2,904 | 3,985 | 4,717 | 5,495 | 5,752 |
| EPS (Rs) | 49.34 | 61.42 | 72.05 | 80.92 | 67.02 | 49.35 | 61.47 | 106.82 | 146.45 | 172.94 | 201.60 | 210.83 |
| Dividend payout % | 20.0% | 16.0% | 15.0% | 15.0% | 18.9% | 34.0% | 33.9% | 35.0% | 35.0% | 40.9% | 41.0% | — |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27.03 | 27.10 | 27.10 | 27.10 | 27.11 | 27.10 | 27.10 | 27.11 | 27.10 | 27.11 | 27.10 | 27.11 |
| Reserves | 2,479 | 3,634 | 5,325 | 7,016 | 8,912 | 9,973 | 11,427 | 12,607 | 14,985 | 18,064 | 21,317 | 25,125 |
| Borrowings | 58.16 | 23.09 | 112 | 152 | 188 | 250 | 220 | 108 | 289 | 421 | 460 | 516 |
| Other Liabilities | 3,847 | 1,269 | 1,559 | 2,352 | 2,292 | 2,231 | 2,915 | 3,440 | 3,938 | 4,672 | 5,446 | 6,580 |
| Total Liabilities | 6,411 | 4,954 | 7,024 | 9,547 | 11,420 | 12,481 | 14,589 | 16,183 | 19,240 | 23,185 | 27,250 | 32,250 |
| Fixed Assets | 2,308 | 789 | 873 | 1,501 | 1,875 | 2,378 | 2,430 | 2,422 | 2,689 | 2,913 | 3,469 | 3,851 |
| CWIP | 418 | 93.94 | 373 | 333 | 449 | 312 | 314 | 504 | 471 | 554 | 490 | 735 |
| Investments | 1,081 | 3,401 | 5,001 | 5,600 | 4,942 | 5,769 | 3,917 | 7,750 | 12,354 | 13,584 | 14,850 | 17,558 |
| Other Assets | 2,603 | 669 | 777 | 2,113 | 4,155 | 4,023 | 7,927 | 5,506 | 3,725 | 6,134 | 8,440 | 10,106 |
| Inventories | — | 308 | 335 | 394 | 632 | 571 | 873 | 1,131 | 1,276 | 1,407 | 1,562 | 1,966 |
| Trade receivables | — | 33.07 | 50.09 | 68.14 | 84.10 | 87.12 | 158 | 302 | 370 | 375 | 551 | 355 |
| Cash & equivalents | — | 49.12 | 25.06 | 1,216 | 2,974 | 2,961 | 5,843 | 2,731 | 769 | 146 | 264 | 257 |
| Total Assets | 6,411 | 4,954 | 7,024 | 9,547 | 11,420 | 12,481 | 14,589 | 16,183 | 19,240 | 23,185 | 27,250 | 32,250 |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1,048 | 1,463 | 1,708 | 2,482 | 1,576 | 1,694 | 1,693 | 1,528 | 2,826 | 3,724 | 3,984 | 4,808 |
| Cash from investing activity | −1,212 | −999 | −1,741 | −2,140 | −659 | −1,504 | −1,622 | −981 | −2,391 | −2,827 | −2,455 | −2,830 |
| Cash from financing activity | −162 | −467 | 25.06 | −263 | −293 | −861 | −15.05 | −595 | −419 | −847 | −1,403 | −1,989 |
| Net cash flow | −329 | −3.99 | −9.99 | 74.89 | 622 | −672 | 50.95 | −49.96 | 7.99 | 44.96 | 121 | −11.99 |
| Capex | 972 | 510 | 548 | 747 | 791 | 546 | 532 | 641 | 682 | 819 | 1,039 | 1,275 |
| Free cash flow | 79.18 | 955 | 1,163 | 1,738 | 788 | 1,152 | 1,179 | 890 | 2,152 | 2,913 | 2,955 | 3,545 |
| CFO / OP % | 119.0% | 117.0% | 109.0% | 117.0% | 86.0% | 106.0% | 120.0% | 94.0% | 104.0% | 111.0% | 106.9% | 106.0% |
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 22 | 1 | 2 | 2 | 2 | 2 | 6 | 10 | 8 | 7 | 10 | 5 |
| Inventory days | 42 | 34 | 34 | 32 | 47 | 43 | 63 | 70 | 58 | 58 | 56 | 56 |
| Days payable | 95 | 76 | 74 | 91 | 88 | 73 | 107 | 109 | 79 | 84 | 89 | 75 |
| Cash conversion cycle | −31 | −42 | −40 | −58 | −40 | −28 | −39 | −29 | −14 | −19 | −24 | −16 |
| Working capital days | −34 | −46 | −54 | −63 | −41 | −43 | −29 | −14 | −13 | 6 | 32 | 23 |
| ROCE % | 28.0% | 50.9% | 53.0% | 49.0% | 41.0% | 25.0% | 17.0% | 18.0% | 27.0% | 31.0% | 30.0% | 31.0% |
For the Jun 2026 quarter, Eicher Motors reported sales of ₹6,635 Cr, up 31.6% year on year and net profit of ₹1,457 Cr, up 21.5% year on year. The operating margin was 24.0%.
Eicher Motors' sales for the year to Mar 2026 were ₹23,428 Cr; over the last twelve months they were ₹25,012 Cr.
Net profit for the year to Mar 2026 was ₹5,495 Cr, and ₹5,752 Cr over the last twelve months. Earnings per share over the same trailing period were ₹210.83.
Eicher Motors reported borrowings of ₹516 Cr at Mar 2026, against cash and equivalents of ₹257 Cr.
Cash from operations was ₹4,808 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹3,545 Cr.