Auto stock gets up to 13% upside after Q3 results; brokerages peg Rs 999 profit per share — Check targets

Eicher Motors Ltd on Tuesday reported a 21.37 per cent rise in consolidated profit after tax to Rs 1,420.61 crore for the third quarter ended December 31, 2025, driven by robust sales growth at Royal Enfield.

The Royal Enfield maker had posted a consolidated profit after tax of Rs 1,170.5 crore in the corresponding quarter last fiscal.

Following the results, several brokerages retained their positive stance on the stock, with target prices implying up to around Rs 999, or about 13 per cent upside from the current market price of Rs 7,801.

Add Zee Business as a Preferred Source

Eicher Motors Share Price Today

Shares of Eicher Motors were trading at Rs 7,790.40, up Rs 494.15 or 6.77 per cent, against the previous close of Rs 7,296.25 on the BSE. The stock opened at Rs 7,496.25 and touched a high of Rs 7,801.00, which also market it's 52 week high and a low of Rs 7,496.20 during the session.

Eicher Motors Q3 Results

Consolidated total revenue from operations rose to Rs 6,114.04 crore in the October-December quarter as against Rs 4,973.12 crore a year ago, the company said in a regulatory filing.

Total expenses increased to Rs 4,785.69 crore compared with Rs 3,964.59 crore in the year-ago period.

Royal Enfield recorded quarterly sales of 3,25,773 motorcycles, up 21 per cent from 2,69,039 units sold in the same quarter last fiscal.

The board has approved an investment of Rs 958 crore to increase the production capacity of Royal Enfield. The company plans to raise annual capacity to 20 lakh units in a phased manner by FY28.

Eicher Motors Share Price Target

HSBC maintained a ‘Buy’ rating and raised the target price to Rs 8,200 from Rs 8,000, implying an upside of about 5 per cent. It cited strong operating performance and reiterated the company’s preference for volume growth over margin expansion, while flagging potential margin headwinds from commodity cost inflation.

Citi also maintained ‘Buy’ and increased the target to Rs 8,300 from Rs 8,200, indicating an upside of around 6 per cent. It said standalone Royal Enfield performance was above estimates and margins surprised positively on price hikes, value engineering and operating leverage.

Jefferies maintained ‘Buy’ and raised the target price to Rs 8,800 from Rs 8,650, suggesting an upside of nearly 13 per cent. It said Q3 EBITDA and profit rose 25-30 per cent year-on-year, while EBITDA margin expanded 170 basis points sequentially to a six-quarter high.

JP Morgan maintained ‘Overweight’ with a revised target of Rs 8,050 from Rs 7,430, implying about 3 per cent upside. UBS retained ‘Neutral’ and raised the target to Rs 8,050 from Rs 7,620, also indicating around 3 per cent potential upside.

Goldman Sachs maintained ‘Buy’ and increased the target to Rs 8,600 from Rs 8,500, implying an upside of about 10 per cent. Morgan Stanley maintained ‘Equalweight’ with a revised target of Rs 7,578 from Rs 7,190, indicating a marginal downside from current levels.

CLSA retained ‘Accumulate’ and raised the target price to Rs 8,066 from Rs 7,836, implying about 3 per cent upside.

Brokerages noted strong volume growth, margin expansion and capacity expansion plans, while some flagged risks from commodity cost inflation.

Eicher Motors Share Price History

The stock has gained 6.98 per cent in one week, 10.11 per cent in two weeks and 3.71 per cent in one month. It has risen 13.25 per cent in three months and 37.24 per cent in six months.

Over one year, the stock is up 56.63 per cent, while it has surged 102.76 per cent in two years, 142.33 per cent in three years and 176.23 per cent in five years. The company has a market capitalisation of Rs 2,13,690.08 crore and is part of the BSE 100 index under the 2/3 wheelers industry.

Eicher Motors Dividend History

Eicher Motors has declared a dividend of Rs 70 per share with an ex-date of August 1, 2025. In previous years, it paid Rs 51 per share in August 2024, Rs 37 in August 2023, Rs 21 in August 2022 and Rs 17 in August 2021.