Eicher Motors share price today
Share price of Eicher Motors hit a new high of ₹8,095; gaining 2 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.91 per cent at 82,916 at 12:19 PM.
In the past one week, the stock price of the parent company of Royal Enfield (RE), a global manufacturer of middleweight motorcycles, has rallied 9 per cent on reporting its best-ever third quarter performance. Further, in the past 10 trading days, Eicher Motors’ market price has appreciated by 17 per cent.
Eicher Motors Q3 results, capex plan
In the October to December 2025 quarter (Q3FY26), the company’s standalone earnings before interest, taxes, depreciation and amortisation (EBITDA) margin came in at 26.6 per cent, 160bps higher than analyst’s estimates.
To cater the increasing demand, the company’s board approved a proposal for capacity expansion at Royal Enfield, taking annual production capacity upto 2 million units from the existing 1.46 million units. The company is set to invest an estimated ₹958 crore for the brownfield expansion. The ramp-up will happen in a phased manner starting from Q1FY27 and is expected to be completed in FY28.
Brokerages view on Eicher Motors post Q3 results
Eicher Motors is entering a phase of improving operating leverage and profitability driven by scale benefits, disciplined pricing, & value engineering despite moderate commodity pressures, according to analysts at ICICI Securities.
With sustained double-digit volume growth in Royal Enfield, dominant positioning in the mid-weight motorcycle segment, improving profitability through operating leverage and a strong growth outlook for VECV arm, the brokerage firm said they continue to assign BUY rating on the stock with a target price of ₹9,100 per share. Eicher Motors has a capital efficient business model & cash positive balance sheet, it said.
The company’s management remains focused on driving volume growth in the domestic market through new product launches and refreshes while aiming to gain market share. The company remains cautiously optimistic about exports. The brokerage firm expects RE volumes to grow at 17 per cent compound annual growth rate (CAGR) over FY25-28E, with standalone revenue and EBITDA projected to grow at a 17 per cent and 16 per cent CAGR each over FY25-28E. The long-term growth potential for VECV remains strong, supported by its robust execution capabilities and strong performance in the EV/SCV category.
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Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.
