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Indian (NIFTY) Motorcycle Manufacturers Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies12
  • 7D2.2%
  • 3M1.9%
  • 1Y27.7%
  • YTDn/a

Over the last 7 days, the Motorcycle Manufacturers industry has risen 2.2%, driven by gains from Bajaj Auto of 4.9%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Indian Motorcycle Manufacturers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 May 2026₹8.0t₹1.9t₹198.1b30.1x40.2x4.3x
Wed, 01 Apr 2026₹7.3t₹1.9t₹198.1b23.7x36.8x3.9x
Fri, 27 Feb 2026₹8.5t₹1.9t₹198.1b28.7x43x4.6x
Sun, 25 Jan 2026₹7.7t₹1.8t₹183.7b23.9x42x4.4x
Tue, 23 Dec 2025₹7.9t₹1.8t₹183.7b26.1x43x4.5x
Thu, 20 Nov 2025₹7.7t₹1.8t₹183.7b26.3x41.8x4.4x
Sat, 18 Oct 2025₹7.9t₹1.7t₹167.4b31.9x47.1x4.7x
Mon, 15 Sep 2025₹7.6t₹1.7t₹167.2b33.1x45.5x4.6x
Wed, 13 Aug 2025₹6.5t₹1.7t₹167.2b30.1x39x3.9x
Fri, 11 Jul 2025₹6.4t₹1.7t₹156.1b31.6x40.9x3.9x
Sun, 08 Jun 2025₹6.4t₹1.7t₹156.0b32.1x41x3.9x
Tue, 06 May 2025₹6.0t₹1.6t₹165.5b46.8x36.4x3.7x
Thu, 03 Apr 2025₹5.9t₹1.6t₹163.2b46.5x36.3x3.7x
Sat, 01 Mar 2025₹5.6t₹1.6t₹163.2b41.5x34.2x3.5x
Mon, 27 Jan 2025₹6.0t₹1.6t₹160.7b45.3x37.4x3.8x
Wed, 25 Dec 2024₹6.2t₹1.6t₹160.6b33.3x38.7x4x
Fri, 22 Nov 2024₹6.4t₹1.6t₹160.6b36x39.9x4.1x
Sun, 20 Oct 2024₹6.9t₹1.5t₹157.3b38.1x43.6x4.5x
Tue, 17 Sep 2024₹7.6t₹1.5t₹163.6b40.9x46.6x5x
Thu, 15 Aug 2024₹6.8t₹1.5t₹164.4b34.1x41.4x4.5x
Sat, 13 Jul 2024₹6.3t₹1.4t₹171.6b51.4x36.5x4.5x
Mon, 10 Jun 2024₹6.3t₹1.4t₹171.6b51.5x36.7x4.5x
Wed, 08 May 2024₹5.6t₹1.4t₹168.2b45.3x33x4.1x
Fri, 05 Apr 2024₹5.6t₹1.3t₹165.1b47.6x33.8x4.2x
Sun, 03 Mar 2024₹5.3t₹1.3t₹165.1b48x32.3x4x
Tue, 30 Jan 2024₹5.0t₹1.3t₹158.8b43x31.7x3.8x
Thu, 28 Dec 2023₹4.8t₹1.3t₹151.4b48.6x31.9x3.8x
Sat, 25 Nov 2023₹4.3t₹1.3t₹151.4b44x28.6x3.4x
Mon, 23 Oct 2023₹3.9t₹1.2t₹144.4b29.6x27.3x3.2x
Wed, 20 Sep 2023₹3.9t₹1.2t₹143.4b36.8x27x3.1x
Fri, 18 Aug 2023₹3.5t₹1.2t₹143.4b31.2x24.7x2.9x
Sun, 16 Jul 2023₹3.6t₹1.2t₹133.2b40.4x27.4x3.1x
Tue, 13 Jun 2023₹3.6t₹1.2t₹133.2b40.8x27.3x3.1x
Thu, 11 May 2023₹3.4t₹1.2t₹130.3b29.2x26.2x2.9x
Price to Earnings Ratio

26.2x


Total Market Cap: ₹3.4tTotal Earnings: ₹130.3bTotal Revenue: ₹1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Motorcycle Manufacturers Industry Price to Earnings3Y Average 36.5x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Motorcycle Manufacturers industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.2x which is higher than its 3-year average PE of 36.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Motorcycle Manufacturers industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Motorcycle Manufacturers compare with similar industries?

IN Market0.39%
Consumer Discretionary0.44%
Auto1.74%
Motorcycle Manufacturers2.16%
Automobile Manufacturers1.42%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BAJAJ-AUTO Bajaj Auto₹10.13k4.9%
+₹131.4b		27.9%PE31.9x
505200 Eicher Motors₹7.33k2.2%
+₹43.4b		34.3%PE37.5x
500182 Hero MotoCorp₹5.07k0.4%
+₹4.1b		34.4%PE18.6x
544563 Zelio E-Mobility₹507.6510.9%
+₹1.1b		n/aPE51.5x
531795 Atul Auto₹496.950.7%
+₹94.4m		4.6%PE39.8x

Latest News

500182
₹5,066.80
Hero MotoCorp
7D
0.4%
1Y
34.4%

500182: Elevated Dividend Payout Will Restrict Future Share Return Potential

Analysts have made a small trim to the price target for Hero MotoCorp to ₹4,322 from ₹4,341, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that slightly adjust their valuation framework. What's in the News A board meeting is scheduled on May 5, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
OLAELEC
₹36.41
Ola Electric Mobility
7D
-1.4%
1Y
-26.1%

OLAELEC: Capital Strain From Battery Expansion Will Still Limit Future Upside

Analysts have kept their fair value estimate for Ola Electric Mobility steady at ₹20.0 per share. A slightly higher assumed revenue growth rate of 30.19% and a marginally lower profit margin of 9.48% feed into a modestly higher future P/E multiple of 27.44x.
ATHERENERG
₹934.00
Ather Energy
7D
-0.8%
1Y
n/a
532343
₹3,496.75
TVS Motor
7D
-1.6%
1Y
25.5%

532343: Global EV Partnerships And Export Expansion Will Support Long Term Outlook

Analysts have raised their price target on TVS Motor from ₹4,500 to ₹4,800. This reflects an updated view that factors in a slightly higher discount rate, adjusted assumptions for revenue growth and profit margins, and a higher future P/E multiple.
531795
₹496.95
Atul Auto
7D
0.7%
1Y
4.6%
BAJAJ-AUTO
₹10,132.00
Bajaj Auto
7D
4.9%
1Y
27.9%

BAJAJ-AUTO: Electric Three Wheeler Launch Will Support Balanced Long Term Outlook

Analysts have nudged their price target on Bajaj Auto slightly higher to ₹10,124.58 from ₹10,066.82. This reflects small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions.
544428
₹54.94
Supertech EV
7D
-6.9%
1Y
n/a
505200
₹7,329.55
Eicher Motors
7D
2.2%
1Y
34.3%

505200: Refreshed Assumptions And Product Updates Will Frame Balanced View Before Results

Analysts have trimmed their fair value estimate for Eicher Motors slightly to ₹7,811 from ₹7,879, citing updated assumptions that include a marginally higher discount rate, a revised revenue growth outlook, a slightly stronger profit margin profile, and a lower future P/E multiple. What's in the News Royal Enfield, part of Eicher Motors, expanded the Hunter 350 portfolio with a new Base Premium variant featuring alloy wheels, a digi analog instrument cluster, updated rider interface elements, and single channel ABS.
544563
₹507.65
Zelio E-Mobility
7D
10.9%
1Y
n/a
TUNWAL
₹31.70
Tunwal E-Motors
7D
0.8%
1Y
1.9%
538970
₹7.42
Wardwizard Innovations & Mobility
7D
-2.5%
1Y
-63.6%
DELTIC
₹42.95
Delta Autocorp
7D
-7.4%
1Y
-41.7%