Hero MotoCorp Limited
₹5,152.40+₹45.40 (+0.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,14,723 Cr
- P/E
- 23.9x
- EV / EBITDA
- 19.0x
- Revenue
- ₹40,756 Cr
- Net margin
- 10.6%
- ROCE
- 29.0%
Price chart
Technical chartScreen technicals →-6.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -1.6%
- 3M
- -3.2%
- 6M
- +1.0%
- 1Y
- -6.6%
- 5Y
- +92.4%
52-week range
Day change +₹45.40 (+0.9%) from ₹5,107 to ₹5,152 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in HEROMOTOCO, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 22.1%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
- Sector
- Automobiles & Components
- Shares outstanding
- 20.0 Cr shares
- ISIN
- INE158A01026
- BSE code
- 500182
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,14,723 Cr
- P/E
- 23.9x
- P/B
- 5.5x
- EV / EBITDA
- 19.0x
- EV / Sales
- 3.0x
- P/S
- 3.1x
- Earnings yield
- 4.2%
- 52-week high
- ₹6,351.45
- 52-week low
- ₹4,776.35
Profitability
- Operating margin
- 14.0%
- Net margin
- 10.6%
- EBITDA margin
- 16.0%
- ROE
- 22.1%
- ROCE
- 29.0%
- ROA
- 15.5%
- Dividend payout
- 71.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 13.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹40,756 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,988 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.2%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,907 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 90.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹251 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.9%
Solvency and efficiency
- Current ratio
- 2.59
- Debt / Equity
- 0.01
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.02
- Interest coverage
- 292.28
- Financial leverage
- 1.42
- CFO / Net profit
- 1.24
- Cash / Market cap
- 5.4%
- Cash per share
- ₹308.43
- Asset turnover
- 1.46
- Fixed asset turnover
- 6.42
- Capital intensity
- 0.16
- Debtor days
- 26 days
- Inventory turnover
- 17.38
- Cash conversion cycle
- -32 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹34,884 Cr |
| Sales | Operating profit | ₹5,872 Cr |
| Operating profit | Interest | ₹20 Cr |
| Operating profit | Depreciation | ₹776 Cr |
| Operating profit | Profit before tax | ₹5,076 Cr |
| Other income | Profit before tax | ₹1,052 Cr |
| Profit before tax | Tax and other | ₹1,518 Cr |
| Profit before tax | Net profit | ₹4,610 Cr |
Revenue and net profit
Revenue grew 8.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹30,801 Cr | ₹2,964 Cr |
| FY2022 | ₹29,245 Cr | ₹2,473 Cr |
| FY2023 | ₹33,806 Cr | ₹2,911 Cr |
| FY2024 | ₹37,456 Cr | ₹3,968 Cr |
| FY2025 | ₹40,756 Cr | ₹4,610 Cr |
Cash flows
FY2025: ₹4,182 Cr from operations, ₹2,596 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,173 Cr | ₹1,963 Cr |
| FY2022 | ₹2,020 Cr | ₹1,868 Cr |
| FY2023 | ₹2,579 Cr | ₹2,110 Cr |
| FY2024 | ₹4,907 Cr | ₹3,105 Cr |
| FY2025 | ₹4,182 Cr | ₹2,596 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹40,756 Cr+8.8%1Y
- Net profit
- ₹4,610 Cr+16.2%1Y
- Cash from operations
- ₹4,182 Cr
- Free cash flow
- ₹2,596 Cr-16.4%1Y
- Revenue CAGR, 5Y
- 5.4%
- EBITDA CAGR, 5Y
- 2.0%
- Net profit CAGR, 5Y
- 1.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹40,756 Cr | ₹5,872 Cr | — | ₹4,610 Cr | ₹4,182 Cr | ₹2,596 Cr | 23.3% | +8.8% | +16.2% |
Monthly returns
Month-by-month returns of HEROMOTOCO across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹27,920 Cr |
| Equity capital | ₹40 Cr |
| Reserves | ₹19,767 Cr |
| Borrowings | ₹163 Cr |
| Other liabilities | ₹7,950 Cr |
| Assets | ₹27,920 Cr |
| Fixed assets | ₹5,901 Cr |
| Capital work in progress | ₹492 Cr |
| Investments | ₹14,910 Cr |
| Other assets | ₹6,617 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
HEROMOTOCO trades at 23.9x earnings against a peer median of 34.8x (a 31% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Hero MotoCorp LimitedHEROMOTOCOthis companyP/E ↓ discount | ₹1.1 L Cr | 23.9x | 5.5x | 22.1% | 19.0x |
| HYUNDAI MOTOR INDIA LIMITEDHYUNDAI | ₹1.9 L Cr | 33.4x | 11.0x | 57.9% | 17.7x |
| TVS Motor Company Ltd.TVSMOTOR | ₹1.8 L Cr | 56.6x | 18.3x | 26.9% | 49.0x |
| Tata Motors LimitedTMCV | ₹1.6 L Cr | 578.0x | — | — | — |
| TATA MOTORS PASSENGER VEHICLES LIMITEDTMPV | ₹1.3 L Cr | 19.4x | 5.2x | 26.2% | 12.0x |
| Samvardhana Motherson International LimitedMOTHERSON | ₹1.2 L Cr | 65.4x | 3.2x | 3.0% | 73.9x |
| Tata Power Co. LtdTATAPOWER | ₹1.2 L Cr | 50.4x | 6.2x | 14.1% | 23.2x |
| Bosch LtdBOSCHLTD | ₹1.1 L Cr | 49.2x | 8.0x | — | — |
| UNO Minda LimitedUNOMINDA | ₹69,261 Cr | 73.0x | 12.7x | 15.8% | 53.8x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
HEROMOTOCO since 1 January, against earlier years.
Historical volatility
HEROMOTOCO's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 13.0% |
| FY2022 | 12.0% |
| FY2023 | 12.0% |
| FY2024 | 14.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹40,756 Cr |
| Costs | |
| Interest | ₹20 Cr |
| Expenses | ₹34,885 Cr |
| Operating profitOperating Profit | ₹5,872 Cr |
| Other income and charges | |
| Profit before tax | ₹6,128 Cr |
| Tax | |
| Net profitNet Profit | ₹4,610 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹27,920 Cr |
| Equity capitalEquity Capital | ₹40 Cr |
| Reserves | ₹19,767 Cr |
| Borrowings | ₹163 Cr |
| Other liabilitiesOther Liabilities | ₹7,950 Cr |
| AssetsTotal Assets | ₹27,920 Cr |
| Fixed assetsFixed Assets | ₹5,901 Cr |
| Capital work in progressCWIP | ₹492 Cr |
| Investments | ₹14,910 Cr |
| Other assetsOther Assets | ₹6,617 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,182 Cr |
| Investing cash flowCash from Investing Activity | -₹1,586 Cr |
| Financing cash flowCash from Financing Activity | -₹2,847 Cr |
| Change in cashNet Cash Flow | -₹251 Cr |
Learn while you research
Academy chapters picked for Hero MotoCorp Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read