Hero MotoCorp Limited

Hero MotoCorp Limited (HEROMOTOCO) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Automobiles›2/3 Wheelers

heromotocorp.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-09-03

Stock price
₹5308.50
Market cap
1,06,212 Cr
Stock P/E
19.5
P/B
4.87
Dividend yield
3.3%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales9,533 Cr9,788 Cr9,617 Cr10,211 Cr10,483 Cr10,260 Cr9,970 Cr9,728 Cr12,218 Cr12,487 Cr12,978 Cr13,126 Cr
Operating expenses (approx.)8,174 Cr8,403 Cr8,223 Cr8,750 Cr8,947 Cr8,752 Cr8,529 Cr8,315 Cr10,354 Cr10,641 Cr11,056 Cr11,380 Cr
EBITDA1,360 Cr1,385 Cr1,394 Cr1,461 Cr1,536 Cr1,508 Cr1,441 Cr1,413 Cr1,864 Cr1,846 Cr1,922 Cr1,746 Cr
OPM %14.3%14.1%14.5%14.3%14.7%14.7%14.5%14.5%15.3%14.8%14.8%13.3%
Other income208 Cr244 Cr177 Cr225 Cr239 Cr306 Cr274 Cr310 Cr240 Cr298 Cr210 Cr460 Cr
Interest25 Cr23 Cr8 Cr19 Cr18 Cr17 Cr17 Cr21 Cr19 Cr20 Cr19 Cr21 Cr
Depreciation187 Cr194 Cr197 Cr205 Cr206 Cr209 Cr204 Cr206 Cr210 Cr219 Cr221 Cr220 Cr
Profit before tax1,360 Cr1,456 Cr1,292 Cr1,408 Cr1,464 Cr1,497 Cr1,565 Cr2,126 Cr1,777 Cr1,692 Cr1,841 Cr1,921 Cr
Tax %26.0%25.1%27.0%26.7%27.2%26.0%25.3%19.8%25.7%24.6%19.9%26.2%
Net profit1,007 Cr1,091 Cr943 Cr1,032 Cr1,066 Cr1,108 Cr1,169 Cr1,706 Cr1,321 Cr1,275 Cr1,474 Cr1,418 Cr
EPS (₹)₹50.34₹54.71₹46.78₹52.31₹53.19₹55.38₹58.08₹85.26₹65.41₹63.36₹72.98₹70.59

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales33,972 Cr29,255 Cr30,959 Cr29,551 Cr34,158 Cr37,789 Cr40,923 Cr47,411 CrSign in for TTM
Operating expenses (approx.)28,954 Cr25,194 Cr26,860 Cr26,107 Cr30,065 Cr32,439 Cr34,978 Cr40,366 CrSign in for TTM
EBITDA5,018 Cr4,061 Cr4,100 Cr3,445 Cr4,094 Cr5,350 Cr5,946 Cr7,045 CrSign in for TTM
OPM %14.8%13.9%13.2%11.7%12.0%14.2%14.5%14.9%Sign in for TTM
Other income687 Cr731 Cr558 Cr555 Cr569 Cr855 Cr1,044 Cr1,058 CrSign in for TTM
Interest37 Cr47 Cr46 Cr53 Cr105 Cr76 Cr71 Cr78 CrSign in for TTM
Depreciation624 Cr846 Cr715 Cr690 Cr697 Cr757 Cr825 Cr855 CrSign in for TTM
Profit before tax5,104 Cr4,611 Cr3,849 Cr3,058 Cr3,864 Cr5,090 Cr5,934 Cr7,436 CrSign in for TTM
Tax %32.1%20.6%23.7%23.8%27.5%26.5%26.3%22.3%Sign in for TTM
Net profit3,466 Cr3,659 Cr2,936 Cr2,329 Cr2,800 Cr3,742 Cr4,376 Cr5,776 CrSign in for TTM
EPS (₹)₹172.45₹182.15₹146.07₹115.96₹140.62₹187.36₹218.96₹287.01Sign in for TTM
Dividend payout %———81.9%71.4%72.2%64.0%60.7%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr
Reserves13,080 Cr14,366 Cr15,376 Cr15,807 Cr16,616 Cr17,659 Cr19,232 Cr21,571 Cr
Borrowings309 Cr210 Cr330 Cr353 Cr568 Cr363 Cr457 Cr499 Cr
Other liabilities4,959 Cr4,917 Cr7,206 Cr6,130 Cr6,569 Cr7,955 Cr8,529 Cr11,143 Cr
Total liabilities18,504 Cr19,674 Cr23,096 Cr22,478 Cr23,917 Cr26,153 Cr28,390 Cr33,453 Cr
Fixed assets (net)4,793 Cr5,786 Cr5,551 Cr5,354 Cr5,159 Cr5,213 Cr5,219 Cr5,325 Cr
CWIP385 Cr205 Cr236 Cr149 Cr122 Cr127 Cr105 Cr245 Cr
Investments6,114 Cr8,359 Cr10,582 Cr10,528 Cr10,891 Cr12,751 Cr14,868 Cr19,789 Cr
Loans & advances25 Cr24 Cr40 Cr23 Cr24 Cr25 Cr27 Cr28 Cr
Inventories1,250 Cr1,282 Cr1,789 Cr1,472 Cr1,756 Cr1,756 Cr2,013 Cr2,650 Cr
Trade receivables2,745 Cr1,512 Cr2,275 Cr2,158 Cr2,719 Cr2,630 Cr3,381 Cr2,340 Cr
Cash & bank208 Cr305 Cr275 Cr181 Cr226 Cr605 Cr384 Cr687 Cr
Other assets2,985 Cr2,201 Cr2,349 Cr2,612 Cr3,019 Cr3,046 Cr2,393 Cr2,389 Cr
Total assets18,504 Cr19,674 Cr23,096 Cr22,478 Cr23,917 Cr26,153 Cr28,390 Cr33,453 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———2,104 Cr2,614 Cr4,923 Cr4,297 Cr8,315 Cr
Cash from investing———-222 Cr-421 Cr-1,828 Cr-1,703 Cr-4,478 Cr
Cash from financing———-1,975 Cr-2,147 Cr-2,717 Cr-2,815 Cr-3,534 Cr
Net cash flow———-94 Cr45 Cr379 Cr-221 Cr303 Cr
Free cash flow (OCF − Capex)———1,534 Cr2,010 Cr4,135 Cr3,441 Cr7,215 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %39.2%32.3%25.3%19.6%22.9%28.4%30.2%33.7%
ROE %26.2%25.3%18.9%14.6%16.7%21.0%22.6%26.3%
Debtor days2919272729253018
Inventory days1923302627262831
Days payable5357877672837890
Cash conversion cycle-4-15-31-24-16-31-20-41
Debt / equity0.020.010.020.020.030.020.020.02
Current ratio1.912.021.751.921.571.461.801.91
Net debt / EBITDA0.000.000.000.000.08-0.050.01-0.03

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