{"id":299669,"date":"2026-10-09T17:14:59","date_gmt":"2026-10-09T11:44:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299669"},"modified":"2026-10-09T17:14:59","modified_gmt":"2026-10-09T11:44:59","slug":"eicher-motors-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/","title":{"rendered":"Eicher Motors Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Eicher Motors share price Rs 7,018.00 (9 October 2026). Base target Rs 7,964, bull Rs 9,626, downside risk Rs 5,432. PE 32.29. 52W range Rs 6,442.00 to Rs 8,230.00.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Eicher Motors share price target for 2027 is Rs 7,964, about 13.5% above the current price of Rs 7,018.00. The bull case is Rs 9,626, and the downside risk level, which is not a target, is Rs 5,432. The base case assumes earnings per share grow 17.3% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 32.29. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing an Eicher Motors target price for 2027 should start with where the stock sits today. At Rs 7,018.00 on 9 October 2026, it is 14.7% below its 52-week high of Rs 8,230.00 and 8.9% above its 52-week low of Rs 6,442.00. That range spans 28% from low to high, so the entry point matters as much as the Eicher Motors price forecast itself.<\/p>\n<p>This article builds the Eicher Motors share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 7,964 base case and the Rs 9,626 bull case were reached, along with a downside risk level of Rs 5,432.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=eicher-motors-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Eicher_Motors_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Eicher Motors Stock Analysis: Company Overview and Key Stats\">Eicher Motors Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Why_Is_Eicher_Motors_Share_Price_Target_Set_at_Rs_7964_for_2027\" title=\"Why Is Eicher Motors Share Price Target Set at Rs 7,964 for 2027?\">Why Is Eicher Motors Share Price Target Set at Rs 7,964 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Earnings_Growth_Behind_the_Eicher_Motors_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Eicher Motors Target Price: Five Years of Results\">Earnings Growth Behind the Eicher Motors Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Valuation_Check_for_the_Eicher_Motors_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Eicher Motors Stock Target: PE, Price to Book and ROE\">Valuation Check for the Eicher Motors Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Eicher_Motors_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Eicher Motors Share Price Targets for the Short Term and 12 Months\">Eicher Motors Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Short_Term_Eicher_Motors_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Eicher Motors Stock Target Levels: Technical Setup\">Short Term Eicher Motors Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#12_Month_Eicher_Motors_Target_Price_for_2027\" title=\"12 Month Eicher Motors Target Price for 2027\">12 Month Eicher Motors Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Eicher_Motors_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Eicher Motors Target Price\">How EPS Growth and PE Multiple Change the Eicher Motors Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Eicher_Motors_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Eicher Motors Stock Target in 2027\">Bull Case and Downside Risk for Eicher Motors Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Bull_Case_Rs_9626\" title=\"Bull Case Rs 9,626\">Bull Case Rs 9,626<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Downside_Risk_Level_Rs_5432\" title=\"Downside Risk Level Rs 5,432\">Downside Risk Level Rs 5,432<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Key_Risks_to_the_Eicher_Motors_Target_Price_for_2027\" title=\"Key Risks to the Eicher Motors Target Price for 2027\">Key Risks to the Eicher Motors Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Eicher_Motors_Price_Target\" title=\"Growth Slowdown Risk for the Eicher Motors Price Target\">Growth Slowdown Risk for the Eicher Motors Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#How_to_Invest_in_Eicher_Motors\" title=\"How to Invest in Eicher Motors\">How to Invest in Eicher Motors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#FAQs_on_Eicher_Motors_Share_Price_Target_2027\" title=\"FAQs on Eicher Motors Share Price Target 2027\">FAQs on Eicher Motors Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_is_the_Eicher_Motors_share_price_target_for_2027\" title=\"What is the Eicher Motors share price target for 2027?\">What is the Eicher Motors share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_is_the_Eicher_Motors_share_price_today\" title=\"What is the Eicher Motors share price today?\">What is the Eicher Motors share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Is_Eicher_Motors_a_buy_or_sell_at_the_current_price\" title=\"Is Eicher Motors a buy or sell at the current price?\">Is Eicher Motors a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Eicher_Motors_shares\" title=\"What are the bull case target and downside risk level for Eicher Motors shares?\">What are the bull case target and downside risk level for Eicher Motors shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_are_the_main_risks_to_the_Eicher_Motors_price_target\" title=\"What are the main risks to the Eicher Motors price target?\">What are the main risks to the Eicher Motors price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_is_the_PE_ratio_of_Eicher_Motors_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Eicher Motors and how does it compare with the industry?\">What is the PE ratio of Eicher Motors and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#Who_owns_Eicher_Motors_and_what_is_the_promoter_holding\" title=\"Who owns Eicher Motors, and what is the promoter holding?\">Who owns Eicher Motors, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/eicher-motors-share-price-target-2027\/#What_were_Eicher_Motors_latest_quarterly_results\" title=\"What were Eicher Motors&#8217; latest quarterly results?\">What were Eicher Motors&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Eicher_Motors_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Eicher Motors Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eicher Motors (NSE: EICHERMOT) has a market capitalisation of Rs 1,86,400 crore. In FY26 it reported revenue of Rs 24,894 crore and net profit of Rs 5,515 crore. The table collects the figures the Eicher Motors share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/eichermot\/eicher-motors-ltd-share-price-today\">Eicher Motors<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>EICHERMOT<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 7,018.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 8,230.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 6,442.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 1,86,400 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>32.29<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>23.63<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>7.43<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>21.97%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.02<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 210.28<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.21%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 7,964<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 9,626<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 5,432<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Eicher_Motors_Share_Price_Target_Set_at_Rs_7964_for_2027\"><\/span><strong>Why Is Eicher Motors Share Price Target Set at Rs 7,964 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Eicher Motors stock target of Rs 7,964 applies a PE multiple of 32.29 to a forward EPS estimate of Rs 246.63. That EPS assumes 17.3% yearly growth, the pace from FY24 to FY26, and puts the target 13.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Eicher_Motors_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Eicher Motors Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eicher Motors grew revenue from Rs 10,739 crore in FY22 to Rs 24,894 crore in FY26, a compound annual growth rate of 23.4%. Net profit grew faster, from Rs 1,677 crore to Rs 5,515 crore (34.7% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>10,738.65<\/td>\n<td>1,676.60<\/td>\n<td>61.26<\/td>\n<td>21.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>15,037.29<\/td>\n<td>2,913.94<\/td>\n<td>106.38<\/td>\n<td>37.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>17,611.65<\/td>\n<td>4,001.01<\/td>\n<td>145.92<\/td>\n<td>51.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>20,175.25<\/td>\n<td>4,734.44<\/td>\n<td>172.37<\/td>\n<td>70.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>24,894.09<\/td>\n<td>5,515.23<\/td>\n<td>200.73<\/td>\n<td>82.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 23.4%, close to the four-year average of 23.4%, and net profit moved up 16.5%. EPS rose from Rs 145.92 in FY24 to Rs 200.73 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eicher Motors converted 22.2% of FY26 revenue into net profit, against 23.5% in FY25, within a five-year range of 15.6% to 23.5%. EBITDA margin was 32.2% in FY26 versus 33.3% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 7,099 crore, up 29.4% from the same quarter a year earlier, while net profit of Rs 1,463 crore was up 21.3%. EBITDA came in at Rs 2,057 crore, up 24.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.02, and shareholders&#8217; equity grew from Rs 12,608 crore in FY22 to Rs 25,100 crore in FY26. Operating cash flow in FY26 was Rs 4,805 crore against capital expenditure of Rs 1,275 crore, leaving free cash flow of Rs 3,530 crore, or 1.9% of the current market capitalisation. In FY25 free cash flow was Rs 2,941 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Eicher_Motors_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Eicher Motors Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 32.29 against an industry PE of 23.63, Eicher Motors trades at a premium to its industry. Price to book is 7.43 on a book value of Rs 914.32 per share, and return on equity is 21.97%. A PE of 32.29 equals an earnings yield of 3.1%, and the FY26 dividend of Rs 82.00 per share gives a yield of 1.21%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 49.02% of Eicher Motors in June 2026, and promoter holding has stayed near 49.02% since June 2025. Foreign institutional investors (FII) held 25.53% and domestic institutions (DII) held 16.06%, which puts total institutional holding at 41.59%. FII holding fell from 25.83% in June 2025 to 25.53% in June 2026. Public shareholders own the remaining 9.40%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eicher_Motors_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Eicher Motors Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Eicher_Motors_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Eicher Motors Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 7,018.00 on 9 October 2026, Eicher Motors trades below its 50-day simple moving average of Rs 7,679.83 and below its 200-day exponential moving average of Rs 7,392.39. The 14-day RSI reads 32.2, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 7,392.39 (200-day exponential moving average) and the nearest support is Rs 6,442.00 (52-week low). A sustained move above Rs 7,392.39 would improve the short-term setup, while a close below Rs 6,442.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Eicher_Motors_Target_Price_for_2027\"><\/span><strong>12 Month Eicher Motors Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Eicher Motors is Rs 7,964: forward EPS of Rs 246.63 at a PE of 32.29. That is 13.5% above Rs 7,018.00. It would still leave the stock 3.2% below its 52-week high of Rs 8,230.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Eicher_Motors_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Eicher Motors Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 25.83<\/th>\n<th>PE 32.29<\/th>\n<th>PE 37.13<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 210.28)<\/td>\n<td>Rs 5,432<\/td>\n<td>Rs 6,790<\/td>\n<td>Rs 7,808<\/td>\n<\/tr>\n<tr>\n<td>17.3% (EPS Rs 246.63)<\/td>\n<td>Rs 6,370<\/td>\n<td>Rs 7,964<\/td>\n<td>Rs 9,157<\/td>\n<\/tr>\n<tr>\n<td>23.3% (EPS Rs 259.25)<\/td>\n<td>Rs 6,696<\/td>\n<td>Rs 8,371<\/td>\n<td>Rs 9,626<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Eicher Motors price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Eicher_Motors_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Eicher Motors Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_9626\"><\/span><strong>Bull Case Rs 9,626<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Eicher Motors price target needs EPS growth of 23.3%, which lifts forward EPS to Rs 259.25, and a PE multiple that rises 15% to 37.13. That gives Rs 9,626, 37.2% above the current price and above the 52-week high of Rs 8,230.00, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_5432\"><\/span><strong>Downside Risk Level Rs 5,432<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 210.28 and the PE falls 20% to 25.83. That gives Rs 5,432, 22.6% below the current price and below the 52-week low of Rs 6,442.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>23.3%<\/td>\n<td>37.13<\/td>\n<td>Rs 9,626<\/td>\n<td>+37.2%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>17.3%<\/td>\n<td>32.29<\/td>\n<td>Rs 7,964<\/td>\n<td>+13.5%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>25.83<\/td>\n<td>Rs 5,432<\/td>\n<td>-22.6%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Eicher_Motors_Target_Price_for_2027\"><\/span><strong>Key Risks to the Eicher Motors Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Eicher_Motors_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Eicher Motors Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 29.4% year on year, and FY26 revenue growth was 23.4%. If growth slows from here, the EPS estimate behind the Eicher Motors stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Eicher Motors has a market capitalisation of Rs 1,86,400 crore. Institutional holding is 41.59%, and promoters hold 49.02%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 22.2% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 32.29 versus an industry PE of 23.63, a de-rating toward the downside-risk PE of 25.83 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 14.7% below its 52-week high, with an RSI of 32.2 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Eicher_Motors\"><\/span><strong>How to Invest in Eicher Motors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Eicher Motors share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 7,018.00 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Eicher Motors&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Eicher Motors fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Eicher Motors target price scenarios with your own view. If you expect EPS growth below 17.3%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Eicher Motors live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Eicher Motors share price target for 2027 is Rs 7,964 in the base case, with Rs 9,626 as the bull case. The support for that view is arithmetic you can check: EPS grew 17.3% a year over FY24 to FY26, and the stock trades at a PE of 32.29. The risks are equally concrete, including a stock that sits 14.7% below its 52-week high and a downside scenario that cuts the price 23% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Eicher_Motors_Share_Price_Target_2027\"><\/span><strong>FAQs on Eicher Motors Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Eicher_Motors_share_price_target_for_2027\"><\/span><strong>What is the Eicher Motors share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Eicher Motors share price target for 2027 is Rs 7,964, with Rs 9,626 as the bull case. The downside risk level, which is not a target, is Rs 5,432. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Eicher_Motors_share_price_today\"><\/span><strong>What is the Eicher Motors share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 1:00 PM IST, Eicher Motors trades at Rs 7,018.00, up 3.70% on the day. The 52-week range is Rs 6,442.00 to Rs 8,230.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Eicher_Motors_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Eicher Motors a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 17.3% a year over FY24 to FY26, but the stock is 14.7% below its 52-week high. Whether Eicher Motors fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Eicher_Motors_shares\"><\/span><strong>What are the bull case target and downside risk level for Eicher Motors shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 9,626, which assumes 23.3% EPS growth and a PE of 37.13. The downside risk level is Rs 5,432, which assumes flat EPS and a PE of 25.83. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Eicher_Motors_price_target\"><\/span><strong>What are the main risks to the Eicher Motors price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 1,86,400 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Eicher_Motors_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Eicher Motors and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Eicher Motors is 32.29 against an industry PE of 23.63. Price to book is 7.43 and return on equity is 21.97%. The base case in the Eicher Motors price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Eicher_Motors_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Eicher Motors, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 49.02% of Eicher Motors in June 2026. FII held 25.53%, DII held 16.06% and the public held 9.40%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Eicher_Motors_latest_quarterly_results\"><\/span><strong>What were Eicher Motors&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Eicher Motors reported revenue of Rs 7,099 crore (up 29.4% year on year) and net profit of Rs 1,463 crore (up 21.3%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Eicher Motors share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Eicher Motors share price target for 2027 is Rs 7,964, with Rs 9,626 as the bull case. The downside risk level, which is not a target, is Rs 5,432. 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Bull case, downside risk, earnings trend and risks explained. 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