Eicher Motors Limited Fundamentals

    Eicher Motors Limited, an automotive company, manufactures and markets motorcycles and commercial vehicles in India and internationally, the company that owns the Royal Enfield motorcycle brand offering Classic, Bullet, Himalayan, Interceptor INT 650, Continental GT 650 and Thunderbird motorcycles. , develops, manufactures, assembles and markets two-wheeled vehicles, and sells related parts and accessories. Eicher brand; Volvo trucks; as well as technical and synthetic components. Eicher Motors Limited was founded in 1948 and is headquartered in Gurugram, India.

    Business area of the company

    The company is engaged in the production and sale of motorcycles, parts and related services.


    • Motorcycles 
    • Commercial Vehicles (CV) 
    • Engineering Components



    • Emerging Company of the Year award - ET Awards 2015 
    • Best Company of the Year award - Business Standard Annual Awards, 2015


    • The Himalayan won the Motorcycle of the Year Award up to 500 cc at the NDTV Car and Bike Awards 2017.


    • VECV was honoured with ‘Excellence in HR’ at the Manufacturing Today Awards 2017
    • VECV won ET Now HR Leadership Awards 2018 in the Best Talent Management Strategy


    • VECV won ‘Best Risk Management Framework and System Automotive and Auto Ancillary’ award by ICICI Lombard and CNBC TV-18
    • Interceptor 650 won the prestigious ‘Best Modern Classic Middle-Weight’ a prestigious category award at the Thailand Bike of the Year 2019 awards.


    • Team Eicher won the Gold Medal in the General Management Category at AIMA Corporate Management Olympiad.
    • VECV won the Best Experiential and Brand Experiences award for ‘Samvaad’, an initiative by Eicher Buses, at BTVI National Awards for Marketing Excellence.


    • 1948: Goodearth Company set up to sell and service imported tractors
    • 1952-57: Goodearth Company imported and sold about 1500 tractors in India
    • 1958: Eicher Tractor Corporation of India Limited incorporated
    • 1959: First indigenous Eicher tractor built. Eicher came out with India’s first indigenously built tractor from its Faridabad factory.
    • 1960: Eicher changed name from Eicher Tractor Corporation of India Private Limited to Eicher Tractors India Limited
    • 1965-75: 100% indigenization achieved in Eicher Tractors
    • 1980: Eicher Goodearth Limited name given to Eicher.
    • 1982: Collaboration agreement with Mitsubishi for the manufacture of Light Commercial Vehicles signed in Tokyo. 
    • 1982: Incorporation of Eicher Motors Limited
    • 1985: Silver Jubilee Year for Eicher
    • 1986: Eicher Motors Limited springs into operation
    • 1987: Eicher Tractors went public
    • 1990: Eicher Goodearth buys 26% equity stake in Enfield India Limited
    • 1991: ECS launched; Eicher takes over Ramon & Demm.
    • 1992: Eicher Tractors Limited selected as ‘Company of the Year’ for 1990-91 in the four-wheeler category comprising commercial vehicles, passenger cars, jeeps and tractors.
    • 1993: Eicher adopts new identifier. Eicher acquires majority stake in Enfield India (60% equity shareholding)
    • 1994: Eicher Motors Limited ends the technical assistance agreement with Mitsubishi after a successful transfer of technology and achieving total indigenisation. Enfield India Limited changed its name to Royal Enfield Motors Limited
    • 1996: Eicher Tractors Limited amalgamated with Royal Enfield Motors to form Eicher Limited
    • 2005: Eicher Motors Limited has disinvested the businesses of tractors and engines to TAFE Motors & Tractors Limited (TMTL).
    • 2008: Volvo Group and Eicher Motors Limited established VE Commercial Vehicles Limited (VECV).
    • 2010: The company launched the VE-series of Heavy Duty trucks
    • 2012: Royal Enfield launches the Thunderbird 500 and 350 models.
    • 2013: Royal Enfield opens second manufacturing facility in Oragadam, Tamil Nadu. 
    • 2014: Royal Enfield opens its first concept store in Saket, New Delhi and launches its first exclusive store in London, UK.
    • 2015: Royal Enfield acquires erstwhile collaborators Harris Performance of the U.K., a motorcycle engineering and design firm, to enhance its engineering and product design capabilities.
    • 2015: Royal Enfield sets up its first direct distribution subsidiary outside India, in North America. Royal Enfield North America (RENA) is headquartered in Milwaukee, Wisconsin.
    • 2016: Royal Enfield debuts its first purpose-built adventure tourer motorcycle - the Himalayan. With the all-new LS410 engine and terrain-tested chassis, it promises the ride of a lifetime on all roads and no roads
    • 2017: Royal Enfield moves into its state-of-the-art Tech Centre at Leicestershire, UK to design and develop new motorcycle platforms for the global market
    • 2018: Royal Enfield launches its first air-cooled parallel twin cylinder motorcycles in 50 years - Continental GT 650 and Interceptor INT 650 for the International and domestic market
    • 2019: Royal Enfield transitions to BS VI emission norms for its current motorcycle portfolio and grew its retail network by opening studio stores - a unique, compact format that will house the entire range of Royal Enfield motorcycles.

    Eicher Motors Limited Stock Price Analysis and Quick Research Report

    Let’s scrutinize however EICHERMOT is acting and if it's the proper time to buy the stock of EICHERMOT with careful analysis.

    • The mainstream of revenue for Auto Sector is their sales, Eicher Motors has reported poor sales growth of -5.05 % and in the latest quarter sales was Rs 1,907.80 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 13.39 times for Eicher Motors . It is managing its inventory poorly .
    •  The company reported Profit loss of -30.16 % over the year, where the latest year profit is Rs 1,329.70 Cr compared to the previous year of Rs 1,903.82 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
    •  The operating profit of the company in the latest quarter is Rs 334.49 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
    •  Eicher Motors has a average ROE of 14.91 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Eicher Motors has a low Debt to Equity ratio of 0.
    •  Eicher Motors pays a dividend of 17 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.62 %.
    •  The share of promoter in the company is low at 49.22 %, where the pledging is 0 %.
    •  What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Eicher Motors is 47.12 compared to the 5 year average PE of 37.84 .


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    EICHERMOT Technical 

    NOTE: We might update this page with latest updates/information/news etc if it deems to be necessary.

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