Hero MotoCorp Limited HEROMOTOCO NIFTY50NIFTY_MIDNSE

Consumer Cyclical · Auto Manufacturers · India

https://www.heromotocorp.com

Hero MotoCorp Limited primarily engages in the manufacture and sale of motorised two wheelers in India, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines, parts, and accessories, as well as non-banking financial and other related services. The company is also involved in merchandise business. The company was formerly known as Hero Honda Motors Ltd. and changed its name to Hero MotoCorp Limited in July 2011. Hero MotoCorp Limited was incorporated in 1984 and is based in New Delhi, India.

Market & Price

Market Cap

₹98,105.57 Cr

Current Price

₹4,903.00

High / Low (52W)

₹6,229.09 / ₹4,037.95

Beta

0.56

Valuation

Stock P/E

17.09

Industry PE

26.67

Forward P/E

15.38

PEG Ratio

Book Value

₹1,080.26

Price to Book

4.54

P/S

2.07

EV/EBITDA

12.22

Dividend Yield

3.77%

Profitability & Returns

ROCE

31.91%

ROE

28.03%

ROA

12.51%

Profit Margin

12.11%

Op Margin

13.11%

EPS (Latest Qtr)

₹72.91

EPS (TTM)

₹286.83

Balance Sheet & Liquidity

Debt/Equity

3.57

Quick Ratio

1.55

Current Ratio

1.91

Debt

₹778.61 Cr

Total Assets

₹33,452.59 Cr

Current Assets

₹18,904.53 Cr

Working Capital

₹9,000.20 Cr

Ownership

Promoter Holding

37.43%

Chg in Prom Hold

FII / Inst Holding

38.78%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹86,093.78 Cr

Total Revenue (TTM)

₹47,411.24 Cr

EBITDA

₹7,045.13 Cr

Free Cash Flow

₹6,278.06 Cr

Operating Cash Flow

₹8,314.62 Cr

Shares Outstanding

₹20.01 Cr

Gross Margin

33.18%

Payout Ratio

61.04%

Growth (CAGR)

Revenue 5Y

12.01%

Profit 5Y

26.90%

Revenue (YoY)

30.20%

Earnings (YoY)

25.70%

PROS

Strong return on equity of 28.0%.
Healthy ROCE of 31.9%.
Compounding revenue at 12.0% over 5 years.
Profit CAGR of 26.9% over 5 years.
Attractive dividend yield of 3.77%.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HEROMOTOCO Hero MotoCorp Limited NIFTY50NIFTY_MIDNSE	4,903.00	17.09	₹98,105.57 Cr	3.77%	31.91%	28.03%	12.01%	26.90%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	9,969.81 Cr	9,727.75 Cr	12,218.39 Cr	12,486.82 Cr	12,978.28 Cr
Cost of Revenue	-	-	6,441.79 Cr	6,447.84 Cr	8,081.19 Cr	8,314.04 Cr	8,836.30 Cr
Gross Profit	-	-	3,528.02 Cr	3,279.91 Cr	4,137.20 Cr	4,172.78 Cr	4,141.98 Cr
Operating Expenses	-	-	2,291.41 Cr	2,072.62 Cr	2,483.43 Cr	2,545.17 Cr	2,440.51 Cr
Operating Income	-	-	1,236.61 Cr	1,207.29 Cr	1,653.77 Cr	1,627.61 Cr	1,701.47 Cr
EBITDA	-	-	1,785.98 Cr	2,352.28 Cr	2,006.40 Cr	1,930.42 Cr	2,079.74 Cr
Interest Expense	-	-	16.93 Cr	20.66 Cr	19.25 Cr	19.64 Cr	18.72 Cr
Pretax Income	-	-	1,564.91 Cr	2,126.01 Cr	1,776.88 Cr	1,692.17 Cr	1,840.52 Cr
Tax Provision	-	-	396.16 Cr	420.36 Cr	455.90 Cr	417.02 Cr	366.60 Cr
Net Income	-	-	1,161.33 Cr	1,705.29 Cr	1,308.89 Cr	1,267.55 Cr	1,460.00 Cr
Diluted EPS	-	-	58.01	85.17	65.34	63.30	72.91

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	33,737.72 Cr	37,599.03 Cr	40,923.42 Cr	47,411.24 Cr
Cost of Revenue	-	24,034.40 Cr	25,632.75 Cr	26,910.64 Cr	31,679.37 Cr
Gross Profit	-	9,703.32 Cr	11,966.28 Cr	14,012.78 Cr	15,731.87 Cr
Operating Expenses	-	6,254.76 Cr	7,380.65 Cr	8,891.53 Cr	9,660.73 Cr
Operating Income	-	3,448.56 Cr	4,585.63 Cr	5,121.25 Cr	6,071.14 Cr
EBITDA	-	4,665.88 Cr	5,923.93 Cr	6,828.80 Cr	8,368.84 Cr
Interest Expense	-	104.87 Cr	76.37 Cr	70.65 Cr	78.27 Cr
Pretax Income	-	3,863.62 Cr	5,090.20 Cr	5,933.56 Cr	7,435.58 Cr
Tax Provision	-	1,063.72 Cr	1,348.04 Cr	1,557.75 Cr	1,659.88 Cr
Net Income	-	2,809.96 Cr	3,744.83 Cr	4,378.48 Cr	5,741.73 Cr
Diluted EPS	-	140.49	187.04	218.69	286.72

Compounded Sales Growth

5 Years:	12.01%
1 Year:	30.20%

Compounded Profit Growth

5 Years:	26.90%
1 Year:	25.70%

Stock Price Performance

1 Year:	+16.47%
6 Months:	-16.44%
3 Months:	-10.67%
1 Month:	-4.14%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	23,917.03 Cr	26,152.79 Cr	28,390.32 Cr	33,452.59 Cr
Current Assets	-	9,435.33 Cr	10,315.45 Cr	13,433.89 Cr	18,904.53 Cr
Cash & Equivalents	-	226.30 Cr	604.91 Cr	383.55 Cr	686.71 Cr
Inventory	-	1,756.39 Cr	1,755.90 Cr	2,013.34 Cr	2,650.09 Cr
Receivables	-	2,719.47 Cr	2,630.22 Cr	3,381.29 Cr	2,339.85 Cr
Total Liabilities	-	7,136.40 Cr	8,318.22 Cr	8,986.23 Cr	11,641.57 Cr
Current Liabilities	-	6,012.62 Cr	7,048.37 Cr	7,475.98 Cr	9,904.33 Cr
Long Term Debt	36.17 Cr	20.09 Cr	0	-	-
Total Debt	-	567.54 Cr	606.41 Cr	699.93 Cr	778.61 Cr
Total Equity	-	16,655.57 Cr	17,698.92 Cr	19,272.04 Cr	21,611.19 Cr
Shares Outstanding	-	19.98 Cr	19.99 Cr	20.00 Cr	20.01 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	2,613.84 Cr	4,923.07 Cr	4,297.39 Cr	8,314.62 Cr
Investing Cash Flow	-	-421.33 Cr	-1,827.87 Cr	-1,703.36 Cr	-4,477.77 Cr
Financing Cash Flow	-	-2,147.23 Cr	-2,716.59 Cr	-2,815.39 Cr	-3,533.69 Cr
Capital Expenditure	-	-604.25 Cr	-787.89 Cr	-856.43 Cr	-1,100.10 Cr
Free Cash Flow	-	2,009.59 Cr	4,135.18 Cr	3,440.96 Cr	7,214.52 Cr
Net Change in Cash	-	45.28 Cr	378.61 Cr	-221.36 Cr	303.16 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	28.8%	31.8%	34.2%	33.2%
Operating Margin %	-	10.2%	12.2%	12.5%	12.8%
Net Margin %	-	8.3%	10.0%	10.7%	12.1%
ROE %	-	16.9%	21.2%	22.7%	26.6%
ROCE %	-	19.3%	24.0%	24.5%	25.8%

Shareholding Pattern

Insiders

37.43%

Institutions

38.78%

Public Float

61.98%

Analyst View

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HEROMOTOCO · Consumer Cyclical