Hero MotoCorp Ltd.

NSE: HEROMOTOCO · Automobile and Auto Components

₹5,513.00-0.02%06 Nov 2026

Ask the data

Instant answers about Hero MotoCorp Ltd. — computed from its filings, no language model

Market cap₹1,10,343 cr

Current price₹5,513.00

High / Low₹6,350 / ₹4,776

P/E18.4

P/B4.71

Book value₹1,169.6

ROE25.6%

ROCE32.0%

Debt / equity0.03

Dividend yield3.18%

EPS (TTM)₹299.84

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	33,972	29,255	30,959	29,551	34,158	37,789	40,923	47,411
EBITDA	5,018	4,061	4,100	3,445	4,094	5,350	5,946	7,045
Operating margin	14.8%	13.9%	13.2%	11.7%	12.0%	14.2%	14.5%	14.9%
Interest	37	47	46	53	105	76	71	78
Depreciation	624	846	715	690	697	757	825	855
Profit before tax	5,044	4,576	3,896	3,257	3,861	5,210	6,095	7,051
Tax	1,638	952	913	729	1,064	1,348	1,558	1,660
Net profit	3,444	3,638	2,918	2,317	2,800	3,745	4,378	5,742
EPS ₹	172.45	182.15	146.07	115.96	140.62	187.36	218.96	287.01
Operating cash flow	—	—	—	2,104	2,614	4,923	4,297	8,315
Capex	—	—	—	570	604	788	857	1,100
Dividend paid	—	—	—	1,907	1,998	2,702	2,800	3,507
Total assets	18,504	—	23,096	22,478	23,917	26,153	28,390	33,453
Equity	13,004	—	15,273	15,699	16,656	17,699	19,272	21,611

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	0	8,186	7,661	7,075	6,334	2,969	9,473	9,827	8,690	5,503	8,539	8,013	7,497	8,448	9,158	8,118	8,434	8,851	9,533	9,788	9,617	10,211	10,483	10,260	9,970	9,728	12,218	12,487	12,978	13,126	14,970
Operating profit	0	1,173	1,144	1,058	686	117	1,308	1,448	1,227	520	1,086	983	856	941	1,086	942	1,124	1,212	1,360	1,385	1,394	1,461	1,536	1,508	1,441	1,413	1,864	1,846	1,922	1,746	1,997
Operating margin	—	14.3%	14.9%	14.9%	10.8%	3.9%	13.8%	14.7%	14.1%	9.4%	12.7%	12.3%	11.4%	11.1%	11.9%	11.6%	13.3%	13.7%	14.3%	14.1%	14.5%	14.3%	14.7%	14.7%	14.5%	14.5%	15.3%	14.8%	14.8%	13.3%	13.3%
Other income	0	224	165	185	157	150	134	206	68	145	158	120	131	56	94	182	238	226	208	244	177	225	239	306	274	310	240	298	210	460	202
Interest	0	11	14	12	10	12	11	11	13	13	14	13	13	14	48	24	19	21	25	23	8	19	18	17	17	21	19	20	19	21	23
Depreciation	0	242	210	211	183	179	183	180	174	173	174	174	168	173	173	172	180	180	187	194	197	205	206	209	204	206	210	219	220	220	232
Profit before tax	0	1,882	1,025	1,019	650	76	1,248	1,463	1,109	479	1,056	916	806	810	960	928	1,163	1,076	1,356	1,412	1,367	1,462	1,550	1,589	1,494	1,497	1,875	1,787	1,893	1,965	1,944
Tax	0	633	155	139	24	20	297	335	261	87	245	232	165	203	254	289	317	281	353	365	349	375	398	389	396	420	456	417	367	503	501
Net profit	0	1,252	879	902	605	59	958	1,019	881	256	746	704	611	590	688	726	811	710	1,006	1,093	935	1,046	1,064	1,108	1,161	1,705	1,309	1,268	1,460	1,412	1,861
EPS ₹	0.00	62.92	44.25	45.15	30.27	2.96	47.99	51.02	44.10	12.82	37.32	35.23	30.59	29.55	34.45	36.33	40.29	35.54	50.34	54.71	46.78	52.31	53.19	55.38	58.08	85.26	65.41	63.36	72.98	70.59	92.99
Revenue YoY	—	—	—	—	—	-63.7%	23.7%	38.9%	37.2%	85.3%	-9.9%	-18.5%	-13.7%	53.5%	7.3%	1.3%	12.5%	4.8%	4.1%	20.6%	14.0%	15.4%	10.0%	4.8%	3.7%	-4.7%	16.6%	21.7%	30.2%	34.9%	22.5%
Profit YoY	—	—	—	—	—	-95.3%	9.0%	13.0%	45.7%	333.0%	-22.2%	-31.0%	-30.6%	130.5%	-7.7%	3.2%	32.6%	20.3%	46.2%	50.6%	15.3%	47.3%	5.7%	1.3%	24.2%	63.0%	23.0%	14.4%	25.7%	-17.2%	42.2%

Earlier results (standalone, Sep '07 – Dec '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Hero MotoCorp Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	12,349	15,831	19,401	23,579	23,768	25,275	27,585	28,599	30,846	32,844
Operating profit	1,769	2,767	2,617	3,605	3,284	3,540	3,542	4,447	4,636	5,280
Operating margin	14.3%	17.5%	13.5%	15.3%	13.8%	14.0%	12.8%	15.5%	15.0%	16.1%
Other income	188	236	268	349	398	446	493	391	523	526
Interest	32	21	18	14	12	12	11	2	6	6
Depreciation	181	191	402	1,097	1,142	1,107	540	441	495	556
Profit before tax	1,781	2,832	2,405	2,865	2,529	2,867	3,329	4,395	4,658	5,244
Tax	500	600	477	487	411	758	943	1,262	1,281	1,547
Net profit	1,282	2,232	1,928	2,378	2,118	2,109	2,386	3,132	3,377	3,697

Quarters

showing latest 8 of 46 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†
Revenue	2,352	2,743	2,789	2,844	3,202	2,881	3,423	3,822	4,059	3,827	4,122	4,297	4,552	5,162	5,391	5,683	5,829	6,031	6,035	6,247	5,187	6,188	6,146	6,160	5,726	6,877	6,513	7,037	6,915	6,839	6,794	6,955	6,837	7,295	7,512	8,011	8,449	6,899	7,488	8,613	8,362	7,305	8,564	8,810	9,091	7,865
Operating profit	312	400	428	351	452	417	549	650	744	661	712	603	608	577	830	818	919	943	925	937	719	779	850	915	833	898	894	947	935	822	838	1,048	1,083	1,140	1,176	1,230	1,369	1,080	958	1,296	1,456	1,158	1,371	1,377	1,379	1,105
Operating margin	13.2%	14.6%	15.4%	12.3%	14.1%	14.5%	16.0%	17.0%	18.3%	17.3%	17.3%	14.0%	13.4%	11.2%	15.4%	14.4%	15.8%	15.6%	15.3%	15.0%	13.9%	12.6%	13.8%	14.9%	14.5%	13.1%	13.7%	13.5%	13.5%	12.0%	12.3%	15.1%	15.8%	15.6%	15.7%	15.4%	16.2%	15.7%	12.8%	15.0%	17.4%	15.9%	16.0%	15.6%	15.2%	14.0%
Other income	39	52	55	47	54	44	44	42	69	55	69	53	78	62	74	88	80	76	105	104	99	90	105	112	115	96	123	113	194	94	93	102	103	84	102	120	152	132	118	132	118	110	166	116	224	188
Interest	10	9	8	5	8	9	10	5	6	5	4	3	2	5	8	3	4	3	3	3	3	3	3	3	3	3	3	3	5	2	1	1	1	1	1	2	2	2	1	2	2	2	2	2	2	2
Depreciation	38	41	43	42	47	47	44	46	50	47	49	48	61	56	237	240	278	299	280	303	290	283	266	274	287	273	273	292	75	84	90	103	109	114	115	115	119	125	135	133	136	138	148	148	152	152
Profit before tax	302	403	432	351	450	422	559	652	769	674	737	610	628	508	659	670	724	724	747	735	526	583	686	750	658	717	741	765	1,048	829	686	1,046	1,076	1,110	1,162	1,234	1,400	1,085	939	1,293	1,436	1,128	1,387	1,343	1,448	1,138
Tax	98	128	133	78	144	121	156	152	172	138	138	119	122	79	157	112	121	111	143	119	85	95	111	202	177	193	187	203	285	246	209	296	304	314	348	351	396	313	221	379	425	323	420	434	472	369
Net profit	204	275	299	273	306	300	402	500	597	536	599	492	506	429	502	558	604	613	604	615	441	488	574	549	481	525	554	563	763	583	477	750	772	796	814	883	1,004	772	718	914	1,010	805	967	909	976	769
EPS ₹	10.23	13.77	14.96	13.66	15.34	15.04	20.14	25.04	29.90	26.83	29.99	24.62	25.32	21.48	25.12	27.94	30.23	30.70	30.22	30.82	22.06	24.43	28.75	27.47	24.11	26.27	27.76	28.18	38.23	29.19	23.86	37.57	38.66	39.85	40.77	44.22	50.29	38.66	35.94	45.77	50.60	40.33	48.44	45.52	48.88	38.52
Revenue YoY	—	—	—	—	36.1%	5.0%	22.7%	34.4%	26.8%	32.8%	20.4%	12.4%	12.1%	34.9%	30.8%	32.3%	28.1%	16.9%	11.9%	9.9%	-11.0%	2.6%	1.8%	-1.4%	10.4%	11.1%	6.0%	14.2%	20.8%	-0.5%	4.3%	-1.2%	-1.1%	6.7%	10.6%	15.2%	23.6%	-5.4%	-0.3%	7.5%	-1.0%	5.9%	14.4%	2.3%	8.7%	7.7%
Profit YoY	—	—	—	—	49.9%	9.2%	34.6%	83.3%	95.0%	78.3%	48.9%	-1.7%	-15.3%	-19.9%	-16.2%	13.5%	19.4%	42.9%	20.3%	10.3%	-27.0%	-20.4%	-4.9%	-10.9%	9.3%	7.5%	-3.4%	2.6%	58.6%	11.1%	-14.1%	33.3%	1.1%	36.5%	70.9%	17.7%	30.1%	-3.0%	-11.8%	3.5%	0.6%	4.3%	34.8%	-0.5%	-3.4%	-4.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	23.3%	28.0%	18.8%	19.4%	20.3%	19.1%	20.4%	19.0%	16.9%	14.8%	16.9%	15.8%	15.9%	16.9%	17.6%	18.4%	20.5%	21.2%	23.1%	21.8%	21.8%	22.7%	26.1%	25.2%	25.9%	26.6%	25.2%	25.6%
ROCE	29.8%	34.7%	21.2%	22.8%	26.1%	25.2%	27.8%	26.6%	23.1%	20.6%	22.7%	21.2%	21.3%	23.4%	25.0%	25.5%	28.2%	29.3%	31.4%	30.2%	31.1%	31.3%	31.4%	30.4%	31.4%	32.2%	34.4%	32.0%
Net margin	13.2%	12.4%	10.2%	9.8%	9.2%	9.4%	9.3%	8.9%	8.4%	7.8%	8.2%	7.8%	7.9%	8.2%	8.5%	9.3%	9.9%	9.9%	10.4%	10.3%	10.2%	10.7%	12.5%	12.5%	12.3%	12.1%	10.7%	11.2%
EBITDA margin	14.7%	13.9%	12.5%	12.3%	12.4%	13.2%	13.4%	13.1%	12.4%	11.7%	11.9%	11.7%	11.5%	12.0%	12.6%	13.3%	13.9%	14.2%	14.3%	14.4%	14.5%	14.5%	14.6%	14.8%	14.8%	14.9%	14.5%	14.0%
Debt / equity	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03
Interest coverage	108.54	99.12	58.92	67.88	79.24	84.94	91.15	81.61	68.50	62.34	68.00	41.03	36.48	37.81	37.86	51.65	58.00	69.23	76.41	86.72	98.25	87.27	85.59	88.94	87.98	91.09	96.15	92.98
Asset turnover	1.24	1.58	1.30	1.40	1.55	1.34	1.45	1.41	1.33	1.31	1.45	1.37	1.37	1.43	1.45	1.33	1.39	1.44	1.50	1.37	1.39	1.44	1.42	1.29	1.36	1.42	1.52	1.41

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	40	40	40	40	40	40	40	40	40	40	40	40	40	40	40	40	40
Other equity / reserves	5,583	6,500	8,740	10,208	11,838	12,964	15,233	15,659	16,375	16,616	17,634	17,659	18,971	19,232	20,965	21,571	23,369
Total equity	5,623	6,540	8,779	10,248	11,878	13,004	15,273	15,699	16,415	16,656	17,674	17,699	19,011	19,272	21,005	21,611	23,409
Borrowings	0	100	230	248	225	309	342	353	468	313	401	363	357	457	449	499	589
Current liabilities	4,424	—	3,572	4,177	4,481	4,409	6,505	5,518	6,629	6,013	7,354	7,048	8,703	7,476	9,826	9,904	12,164
Non-current liabilities	74	—	436	752	851	859	1,032	966	1,039	1,124	1,158	1,270	1,424	1,510	1,686	1,737	2,288
Total assets	10,122	10,654	12,896	15,312	17,397	18,504	23,096	22,478	24,211	23,917	26,311	26,153	29,261	28,390	32,661	33,453	38,071
Property, plant & equipment	1,897	2,851	3,655	4,495	4,771	4,792	5,551	5,354	5,185	5,159	5,054	5,213	5,165	5,219	5,132	5,325	6,316
Capital work-in-progress	855	315	325	386	239	385	236	149	171	122	175	127	145	105	198	245	422
Investments	4,106	3,118	4,501	—	—	—	—	—	10,033	10,891	11,218	12,751	14,980	14,384	17,345	19,286	21,004
Inventories	670	861	762	709	963	1,250	1,789	1,472	1,686	1,756	2,032	1,756	1,934	2,013	2,629	2,650	3,076
Receivables	921	1,372	1,282	1,552	1,427	2,745	2,275	2,158	4,008	2,719	4,229	2,630	4,116	3,381	4,253	2,340	3,248
Cash & equivalents	120	216	75	74	131	208	275	181	276	226	367	605	232	384	297	687	1,021

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	3,722	4,007	4,017	1,032	552	4,110	2,104	2,614	4,923	4,297	8,315
Cash from investing	-2,300	-1,972	-1,858	1,298	-282	-2,289	-222	-421	-1,828	-1,703	-4,478
Cash from financing	-1,475	-2,036	-2,102	-2,252	-260	-1,852	-1,975	-2,147	-2,717	-2,815	-3,534
Capex	—	—	—	—	—	—	570	604	788	857	1,100
Free cash flow	—	—	—	—	—	—	1,534	2,010	4,135	3,441	7,215
Dividends paid	1,398	1,737	1,698	1,929	196	1,918	1,907	1,998	2,702	2,800	3,507

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹6,316 cr17%

CWIP

₹422 cr1%

Investments

₹21,004 cr55%

Inventories

₹3,076 cr8%

Receivables

₹3,248 cr9%

Cash & equivalents

₹1,021 cr3%

Other assets

₹2,983 cr8%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+10.2%

6 months+3.2%

1 year-0.7%

3Y CAGR+20.3%

5Y CAGR+15.5%

10Y CAGR+5.1%

50-day avg₹5,252.83

200-day avg₹5,267.32

RSI (14)63

Compare Hero MotoCorp Ltd. with

Bosch vs Hero MotoCorp Hero MotoCorp vs Tata Motors Passenger Vehicles Hero MotoCorp vs Bharat Forge Hero MotoCorp vs UNO Minda

FAQs

What is the share price of Hero MotoCorp Ltd.?

Hero MotoCorp Ltd. (HEROMOTOCO) closed at ₹5,513.00 on NSE on 06 Nov 2026.

What is the market cap of Hero MotoCorp Ltd.?

₹1,10,343 crore at the latest close.

What is the P/E ratio of Hero MotoCorp Ltd.?

18.4, on trailing-twelve-month earnings from its filings.

How fast is Hero MotoCorp Ltd. growing?

Hero MotoCorp Ltd.: revenue has compounded at 11.5% a year over three years; net profit at 27.0% a year. Latest-quarter revenue is up 22.5% year on year, profit up 42.2%.

How profitable is Hero MotoCorp Ltd.?

On a trailing-twelve-month basis return on equity is 25.6%, return on capital employed 32.0%, operating margin 14.0%, net margin 11.2%.

How much debt does Hero MotoCorp Ltd. have?

Hero MotoCorp Ltd. is debt-free: debt to equity is 0.03 with borrowings of ₹589 cr against cash of ₹1,021 cr (balance sheet of 2026-09-30). Operating profit covers interest 93.0 times.

Financials parsed from Hero MotoCorp Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.