EICHERMOT

Eicher Motors Limited: Driving the Royal Enfield Legacy and Commercial Vehicle Growth

Vijay Kumar Gupta | SEBI Registered Research Analyst (INH000020226) 📌 My View: Eicher Motors is showcasing resilient growth momentum backed by strong Royal Enfield sales, a new EV roadmap, and margin leadership in the 2W segment. Valuations are rich, but justified by robust execution and debt-free fundamentals. 🔍 Key Highlights: 🛵 Q1 FY26 Results Awaited in August Preliminary revenue est. ₹5,241 Cr PAT est. ₹1,362 Cr Official board meeting expected around Aug 6 🚀 FY25 Performance (YoY): Revenue: ₹20,175 Cr (+18%) PAT: ₹4,734 Cr (+31%) EBITDA Margin: ~25.1% Dividend: ₹51/share (ex-date: Aug 1, 2025) 🛠 Growth Drivers: 🛵 Royal Enfield crossed 1 million unit annual sales 🛻 VECV gaining traction in light & heavy commercial vehicles ⚡ EV Foray: “Flying Flea” electric series in motion 🌍 Expanding global footprint – 60+ countries, 850+ outlets 📊 Technical Chart View (Daily): Price: ₹5,627.50 Near all-time high zone (~₹5,900); price testing upper trendline CCI hovering near 0 = Neutral zone, no extreme overbought/sold signal TTM Squeeze: Mild positive momentum, no major breakout buildup Ichimoku: Price flirting around cloud top; weak trend confirmation Volume spike recently on green candles = mild accumulation signs 💡 Takeaway: Eicher Motors continues to deliver operational excellence and brand expansion through Royal Enfield and VECV. Investors should track Q1 results and EV execution. Valuation remains premium (~32x P/E), but quality growth justifies long-term allocation.