Hero MotoCorp Limited
Consumer Discretionary›Automobile and Auto Components›Automobiles›2/3 Wheelers
Key metrics
Price as of 2026-07-17
Stock price
₹4909.90
Market cap
98,225 Cr
Stock P/E
18.4
P/B
4.50
Dividend yield
3.6%
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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
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,851 Cr | 9,533 Cr | 9,788 Cr | 9,617 Cr | 10,211 Cr | 10,483 Cr | 10,260 Cr | 9,970 Cr | 9,728 Cr | 12,218 Cr | 12,487 Cr | 12,978 Cr |
| Operating expenses (approx.) | 7,639 Cr | 8,174 Cr | 8,403 Cr | 8,223 Cr | 8,750 Cr | 8,947 Cr | 8,752 Cr | 8,529 Cr | 8,315 Cr | 10,354 Cr | 10,641 Cr | 11,056 Cr |
| EBITDA | 1,212 Cr | 1,360 Cr | 1,385 Cr | 1,394 Cr | 1,461 Cr | 1,536 Cr | 1,508 Cr | 1,441 Cr | 1,413 Cr | 1,864 Cr | 1,846 Cr | 1,922 Cr |
| OPM % | 13.7% | 14.3% | 14.1% | 14.5% | 14.3% | 14.7% | 14.7% | 14.5% | 14.5% | 15.3% | 14.8% | 14.8% |
| Other income | 226 Cr | 208 Cr | 244 Cr | 177 Cr | 225 Cr | 239 Cr | 306 Cr | 274 Cr | 310 Cr | 240 Cr | 298 Cr | 210 Cr |
| Interest | 21 Cr | 25 Cr | 23 Cr | 8 Cr | 19 Cr | 18 Cr | 17 Cr | 17 Cr | 21 Cr | 19 Cr | 20 Cr | 19 Cr |
| Depreciation | 180 Cr | 187 Cr | 194 Cr | 197 Cr | 205 Cr | 206 Cr | 209 Cr | 204 Cr | 206 Cr | 210 Cr | 219 Cr | 221 Cr |
| Profit before tax | 1,076 Cr | 1,356 Cr | 1,412 Cr | 1,367 Cr | 1,462 Cr | 1,550 Cr | 1,589 Cr | 1,494 Cr | 1,497 Cr | 1,875 Cr | 1,787 Cr | 1,893 Cr |
| Tax % | 26.1% | 26.0% | 25.9% | 25.5% | 25.7% | 25.6% | 24.5% | 26.5% | 28.1% | 24.3% | 23.3% | 19.4% |
| Net profit | 701 Cr | 1,007 Cr | 1,091 Cr | 943 Cr | 1,032 Cr | 1,066 Cr | 1,108 Cr | 1,169 Cr | 1,706 Cr | 1,321 Cr | 1,275 Cr | 1,474 Cr |
| EPS (₹) | ₹35.54 | ₹50.34 | ₹54.71 | ₹46.78 | ₹52.31 | ₹53.19 | ₹55.38 | ₹58.08 | ₹85.26 | ₹65.41 | ₹63.36 | ₹72.98 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 33,972 Cr | 29,255 Cr | 30,959 Cr | 29,551 Cr | 34,158 Cr | 37,789 Cr | 40,923 Cr | 47,411 Cr | Sign in for TTM |
| Operating expenses (approx.) | 28,954 Cr | 25,194 Cr | 26,860 Cr | 26,107 Cr | 30,065 Cr | 32,439 Cr | 34,978 Cr | 40,366 Cr | Sign in for TTM |
| EBITDA | 5,018 Cr | 4,061 Cr | 4,100 Cr | 3,445 Cr | 4,094 Cr | 5,350 Cr | 5,946 Cr | 7,045 Cr | Sign 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 income | 687 Cr | 731 Cr | 558 Cr | 555 Cr | 569 Cr | 855 Cr | 1,044 Cr | 1,058 Cr | Sign in for TTM |
| Interest | 37 Cr | 47 Cr | 46 Cr | 53 Cr | 105 Cr | 76 Cr | 71 Cr | 78 Cr | Sign in for TTM |
| Depreciation | 624 Cr | 846 Cr | 715 Cr | 690 Cr | 697 Cr | 757 Cr | 825 Cr | 855 Cr | Sign in for TTM |
| Profit before tax | 5,044 Cr | 4,576 Cr | 3,896 Cr | 3,257 Cr | 3,861 Cr | 5,210 Cr | 6,095 Cr | 7,051 Cr | Sign in for TTM |
| Tax % | 32.5% | 20.8% | 23.4% | 22.4% | 27.6% | 25.9% | 25.6% | 23.5% | Sign in for TTM |
| Net profit | 3,466 Cr | 3,659 Cr | 2,936 Cr | 2,329 Cr | 2,800 Cr | 3,742 Cr | 4,376 Cr | 5,776 Cr | Sign in for TTM |
| EPS (₹) | ₹172.45 | ₹182.15 | ₹146.07 | ₹115.96 | ₹140.62 | ₹187.36 | ₹218.96 | ₹287.01 | Sign in for TTM |
| Dividend payout % | — | — | — | 81.9% | 71.4% | 72.2% | 64.0% | 60.7% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr |
| Reserves | 13,080 Cr | 14,366 Cr | 15,376 Cr | 15,807 Cr | 16,616 Cr | 17,659 Cr | 19,232 Cr | 21,571 Cr |
| Borrowings | — | — | — | — | 568 Cr | 363 Cr | 457 Cr | 499 Cr |
| Other liabilities | — | — | — | — | 6,569 Cr | 7,955 Cr | 8,529 Cr | 11,143 Cr |
| Total liabilities | — | — | — | — | 23,917 Cr | 26,153 Cr | 28,390 Cr | 33,453 Cr |
| Fixed assets (net) | — | — | — | — | 5,159 Cr | 5,213 Cr | 5,219 Cr | 5,325 Cr |
| CWIP | — | — | — | — | 122 Cr | 127 Cr | 105 Cr | 245 Cr |
| Investments | — | — | — | — | 10,891 Cr | 12,751 Cr | 14,384 Cr | 19,286 Cr |
| Other assets | — | — | — | — | 9,459 Cr | 10,340 Cr | 13,461 Cr | 18,932 Cr |
| Total assets | — | — | — | — | 23,917 Cr | 26,153 Cr | 28,390 Cr | 33,453 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 2,104 Cr | 2,614 Cr | 4,923 Cr | 4,297 Cr | 8,315 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 Cr | 45 Cr | 379 Cr | -221 Cr | 303 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 1,534 Cr | 2,010 Cr | 4,135 Cr | 3,441 Cr | 7,215 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 33.5% | 22.3% | 22.0% | 17.4% | 19.6% | 25.2% | 25.8% | 27.7% |
| ROE % | 26.2% | 25.3% | 18.9% | 14.6% | 16.7% | 21.0% | 22.6% | 26.3% |
| Debtor days | — | — | — | — | 29 | 25 | 30 | 18 |
| Inventory days | — | — | — | — | 27 | 26 | 28 | 31 |
| Days payable | — | — | — | — | 72 | 83 | 78 | 90 |
| Cash conversion cycle | — | — | — | — | -16 | -31 | -20 | -41 |
| Debt / equity | — | — | — | — | 0.03 | 0.02 | 0.02 | 0.02 |
| Current ratio | — | — | — | — | 1.57 | 1.46 | 1.80 | 1.91 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | -0.05 | 0.01 | -0.03 |
Compare with peers
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