EICHERMOT (Eicher Motors Ltd) vs BSE Sensex 30 Comparison

EICHERMOT

BSE Sensex 30

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EICHERMOT

BSE Sensex 30

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EICHERMOT

BSE Sensex 30

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BSE Sensex 30

EICHERMOT

BAJAJ-AUTO

TVSMOTOR

HEROMOTOCO

7272

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Back to EICHERMOT Analysis

Eicher Motors Ltd
Glance View

Market Cap

1.5T INR

Industry

Automobiles

Eicher Motors Ltd., a prominent name in the world of automobiles, has carved a niche for itself through innovation and strategic growth. Its journey began in the mid-20th century with a focus on tractors, but it soon evolved to become a major player in the manufacturing of commercial vehicles and motorcycles. The company's ace is the Royal Enfield brand, a range of motorcycles that captivates the hearts of bikers globally with its iconic design and thumping engine sound. Royal Enfield targets both domestic and international markets, and with its robust R&D and keen attention to rider experience, it continues to generate significant revenues. This is not just by selling the two-wheelers but also through a burgeoning line of related accessories and apparel that enhance the brand's lifestyle appeal. Eicher Motors doesn't merely rely on two-wheelers to steer its financial performance; it is also deeply vested in its joint venture with Sweden's Volvo Group, producing heavy-duty commercial vehicles under the name VE Commercial Vehicles (VECV). This part of the company manufactures and sells a range of commercial vehicles, from trucks to buses, meeting the diverse needs of India's infrastructure and transportation sectors. Through a combination of cutting-edge technology and an extensive service network, VECV helps fuel Eicher's profitability, allowing the company to withstand competition and economic flux. This dual-focus on motorcycles and commercial vehicles allows Eicher Motors to maintain a strong foothold in the automobile industry while diversifying its revenue streams.

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EICHERMOT Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

IN		Bajaj Auto Ltd NSE:BAJAJ-AUTO	Add
IN		TVS Motor Company Ltd NSE:TVSMOTOR	Add
IN	H	Hero MotoCorp Ltd NSE:HEROMOTOCO	Add
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IN		Bajaj Auto Ltd NSE:BAJAJ-AUTO	Select
IN		TVS Motor Company Ltd NSE:TVSMOTOR	Select
IN	H	Hero MotoCorp Ltd NSE:HEROMOTOCO	Select
JP		Yamaha Motor Co Ltd TSE:7272	Select
CN		AIMA Technology Group Co Ltd SSE:603529	Select
CN		Yadea Group Holdings Ltd HKEX:1585	Select
US		Harley-Davidson Inc NYSE:HOG	Select
IN	O	Ola Electric Mobility Ltd NSE:OLAELEC	Select
CN		Loncin Motor Co Ltd SSE:603766	Select
CN		CETC Acoustic-Optic-Electronic Technology Inc SSE:600877	Select

IN		Bajaj Auto Ltd NSE:BAJAJ-AUTO	Add
IN		TVS Motor Company Ltd NSE:TVSMOTOR	Add
IN	H	Hero MotoCorp Ltd NSE:HEROMOTOCO	Add
JP		Yamaha Motor Co Ltd TSE:7272	Add
CN		AIMA Technology Group Co Ltd SSE:603529	Add
CN		Yadea Group Holdings Ltd HKEX:1585	Add
US		Harley-Davidson Inc NYSE:HOG	Add
IN	O	Ola Electric Mobility Ltd NSE:OLAELEC	Add
CN		Loncin Motor Co Ltd SSE:603766	Add
CN		CETC Acoustic-Optic-Electronic Technology Inc SSE:600877	Add

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EICHERMOT

vs

BSE Sensex 30

Stocks Performance
EICHERMOT vs BSE Sensex 30

Performance Gap
EICHERMOT vs BSE Sensex 30

Performance By Year
EICHERMOT vs BSE Sensex 30

Competitors Performance
Eicher Motors Ltd vs Peers

Eicher Motors Ltd
Glance View

Company

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EICHERMOT vs BSE Sensex 30

Stocks Performance EICHERMOT vs BSE Sensex 30

Performance Gap EICHERMOT vs BSE Sensex 30

Performance By Year EICHERMOT vs BSE Sensex 30

Competitors Performance Eicher Motors Ltd vs Peers

Eicher Motors Ltd Glance View

Company

Help

Tools

Stocks

EICHERMOT

vs

BSE Sensex 30

Stocks Performance
EICHERMOT vs BSE Sensex 30

Performance Gap
EICHERMOT vs BSE Sensex 30

Performance By Year
EICHERMOT vs BSE Sensex 30

Competitors Performance
Eicher Motors Ltd vs Peers

Eicher Motors Ltd
Glance View