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Indian (NIFTY) Motorcycle Manufacturers Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies13
  • 7D-0.06%
  • 3M9.0%
  • 1Y25.0%
  • YTDn/a

Last week, the Motorcycle Manufacturers industry hasn't moved much but Ather Energy is up 13% in that time. As for the the longer term, the industry is up 25% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Jul 2026₹8.1t₹2.0t₹227.7b25.5x35.6x4.1x
Wed, 03 Jun 2026₹8.0t₹2.0t₹227.7b26.7x35x4x
Fri, 01 May 2026₹8.0t₹1.9t₹198.1b30.1x40.2x4.3x
Sun, 29 Mar 2026₹7.5t₹1.9t₹198.1b24.9x37.6x4x
Tue, 24 Feb 2026₹8.3t₹1.9t₹198.1b26.9x41.9x4.5x
Thu, 22 Jan 2026₹7.7t₹1.8t₹183.7b25.2x42.2x4.4x
Sat, 20 Dec 2025₹7.8t₹1.8t₹183.7b26.1x42.7x4.5x
Mon, 17 Nov 2025₹7.5t₹1.8t₹183.6b32.8x40.8x4.3x
Wed, 15 Oct 2025₹7.7t₹1.7t₹167.4b29.8x45.9x4.6x
Fri, 12 Sep 2025₹7.6t₹1.7t₹167.2b33.5x45.5x4.6x
Sun, 10 Aug 2025₹6.5t₹1.7t₹167.2b30.2x39.1x3.9x
Tue, 08 Jul 2025₹6.5t₹1.7t₹156.1b32.3x41.5x3.9x
Thu, 05 Jun 2025₹6.4t₹1.7t₹156.0b31.7x40.7x3.8x
Sat, 03 May 2025₹6.0t₹1.6t₹165.5b46x36x3.7x
Mon, 31 Mar 2025₹5.8t₹1.6t₹163.2b45.6x35.6x3.6x
Wed, 26 Feb 2025₹5.9t₹1.6t₹163.2b44x36.1x3.7x
Fri, 24 Jan 2025₹6.0t₹1.6t₹160.7b45.4x37.4x3.8x
Sun, 22 Dec 2024₹6.2t₹1.6t₹160.6b33.3x38.6x3.9x
Tue, 19 Nov 2024₹6.4t₹1.6t₹160.6b36.1x40x4.1x
Thu, 17 Oct 2024₹7.4t₹1.5t₹163.6b40.6x44.9x4.8x
Sat, 14 Sep 2024₹7.6t₹1.5t₹163.6b41x46.7x5x
Mon, 12 Aug 2024₹6.8t₹1.5t₹161.1b34.1x42x4.5x
Wed, 10 Jul 2024₹6.3t₹1.4t₹171.6b51.6x36.7x4.5x
Fri, 07 Jun 2024₹6.3t₹1.4t₹171.6b51.3x36.6x4.5x
Sun, 05 May 2024₹5.7t₹1.4t₹168.2b46.3x34x4.2x
Tue, 02 Apr 2024₹5.6t₹1.3t₹165.1b48.1x33.9x4.2x
Thu, 29 Feb 2024₹5.3t₹1.3t₹165.1b46.1x32x3.9x
Sat, 27 Jan 2024₹5.0t₹1.3t₹158.8b42.7x31.4x3.8x
Mon, 25 Dec 2023₹4.7t₹1.3t₹151.4b47.4x30.7x3.7x
Wed, 22 Nov 2023₹4.2t₹1.3t₹151.4b42.8x27.7x3.3x
Fri, 20 Oct 2023₹4.0t₹1.2t₹141.4b29.7x28x3.2x
Sun, 17 Sep 2023₹3.8t₹1.2t₹143.4b36.8x26.7x3.1x
Tue, 15 Aug 2023₹3.5t₹1.2t₹143.5b31.1x24.7x2.9x
Thu, 13 Jul 2023₹3.6t₹1.2t₹133.2b40.5x27.2x3x
Price to Earnings Ratio

27.2x


Total Market Cap: ₹3.6tTotal Earnings: ₹133.2bTotal Revenue: ₹1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Motorcycle Manufacturers Industry Price to Earnings3Y Average 37.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Motorcycle Manufacturers industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 37.1x.
  • 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 20% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market0.96%
Consumer Discretionary1.82%
Auto0.67%
Motorcycle Manufacturers-0.06%
Automobile Manufacturers1.21%
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
ATHERENERG Ather Energy₹1.13k13.1%
+₹50.3b		244.2%PS11.8x
532343 TVS Motor₹3.63k1.5%
+₹26.2b		25.9%PE57.1x
OLAELEC Ola Electric Mobility₹44.486.4%
+₹12.4b		6.6%PS9.1x
544563 Zelio E-Mobility₹601.906.1%
+₹728.6m		n/aPE44.8x
531795 Atul Auto₹489.304.4%
+₹573.1m		7.8%PE32.1x

Latest News

532343
₹3,626.00
TVS Motor
7D
1.5%
1Y
25.9%
BAJAJ-AUTO
₹9,785.50
Bajaj Auto
7D
-0.6%
1Y
16.0%
544428
₹39.81
Supertech EV
7D
-0.3%
1Y
-36.9%
500182
₹4,854.55
Hero MotoCorp
7D
-0.9%
1Y
11.7%
Narrative Update • Jun 26

500182: Elevated Dividend And Lower Margins Will Limit Future Share Returns

Analysts have nudged their fair value estimate for Hero MotoCorp higher from about ₹4,322 to roughly ₹4,434, reflecting updated assumptions around the discount rate, revenue growth, profit margins and expected future P/E levels. What’s in the News for Hero MotoCorp Hero MotoCorp unveiled its first Flex Fuel versions of the Splendor+ and HF Deluxe, described as India’s first Flex Fuel motorcycles in the 100cc segment, compatible with ethanol blends from E20 to E85.
505200
₹7,340.10
Eicher Motors
7D
-1.3%
1Y
29.4%
Narrative Update • Jun 25

505200: Joint Financing Venture And Capacity Expansion Will Shape Balanced Outlook

The analyst price target for Eicher Motors has been revised slightly higher to ₹7,863 from ₹7,824, with analysts pointing to moderately stronger assumptions for revenue growth, profit margin and future P/E as the basis for the updated view. What’s in the News for Eicher Motors Eicher Motors recommended a final dividend of INR 82 per equity share of face value INR 1 for the year ended March 31, 2026, subject to shareholder approval at the 44th AGM, with payment targeted within 30 days of that approval.
VICTORYEV
₹17.75
Victory Electric Vehicles International
7D
5.7%
1Y
n/a
OLAELEC
₹44.48
Ola Electric Mobility
7D
6.4%
1Y
6.6%
Narrative Update • Jun 24

OLAELEC: Rising Capital Needs And Equity Dilution Will Limit Future Upside

Analysts have kept their fair value estimate for Ola Electric Mobility steady at ₹20.0 per share, citing largely unchanged long term assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News for Ola Electric Mobility Ola Electric Mobility completed a follow on equity offering of 217,578,428 equity shares, raising ₹7.802362b at a price of ₹35.86 per share, via a Regulation S transaction with a subsequent direct listing.
531795
₹489.30
Atul Auto
7D
4.4%
1Y
7.8%
DELTIC
₹33.00
Delta Autocorp
7D
-4.3%
1Y
-52.7%
TUNWAL
₹26.50
Tunwal E-Motors
7D
-2.6%
1Y
-16.0%
538970
₹7.49
Wardwizard Innovations & Mobility
7D
12.8%
1Y
-48.8%
544563
₹601.90
Zelio E-Mobility
7D
6.1%
1Y
n/a
ATHERENERG
₹1,130.00
Ather Energy
7D
13.1%
1Y
244.2%