HEROMOTORS

Hero Motors Limited

Hero Motors Limited (HEROMOTORS) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

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Key metrics

Price as of 2026-10-16

Stock price

₹149.24

Market cap

6,779 Cr

Stock P/E

129.8 · FY26

P/B

11.91

ROE (FY26)

9.1%

ROCE (FY26)

11.5%

Operating margin (FY26)

6.3%

Debt / equity (FY26)

0.84

OCF / EBITDA (FY26)

118.7%

OCF / EBITDA (3Y)

115.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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Company snapshot

33rdBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives

✓115% of operating profit came in as cash over the last three years — profits are backed by real cash.

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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.

Consolidated only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Jun 2026
Sales	319 Cr
Operating expenses (approx.)	283 Cr
EBITDA	36 Cr
OPM %	11.3%
Other income	3 Cr
Interest	11 Cr
Depreciation	13 Cr
Profit before tax	16 Cr
Tax %	38.6%
Net profit	10 Cr
EPS (₹)	₹0.27

Profit & loss (annual)

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

Metric	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,064 Cr	1,090 Cr	1,188 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	997 Cr	997 Cr	1,067 Cr	Sign in free for the trailing twelve months
EBITDA	67 Cr	92 Cr	121 Cr	Sign in free for the trailing twelve months
OPM %	6.3%	8.5%	10.2%	Sign in free for the trailing twelve months
Other income	19 Cr	22 Cr	28 Cr	Sign in free for the trailing twelve months
Interest	33 Cr	37 Cr	41 Cr	Sign in free for the trailing twelve months
Depreciation	29 Cr	38 Cr	46 Cr	Sign in free for the trailing twelve months
Profit before tax	24 Cr	39 Cr	61 Cr	Sign in free for the trailing twelve months
Tax %	29.9%	16.1%	32.5%	Sign in free for the trailing twelve months
Net profit	17 Cr	33 Cr	41 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹0.36	₹0.67	₹1.15	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2024	Mar 2025	Mar 2026
Equity capital	354 Cr	357 Cr	358 Cr
Reserves	32 Cr	68 Cr	116 Cr
Borrowings	304 Cr	408 Cr	401 Cr
Other liabilities	381 Cr	331 Cr	490 Cr
Total liabilities	1,060 Cr	1,165 Cr	1,372 Cr
Fixed assets (net)	360 Cr	495 Cr	527 Cr
CWIP	60 Cr	38 Cr	67 Cr
Investments	8 Cr	5 Cr	5 Cr
Inventories	180 Cr	191 Cr	209 Cr
Trade receivables	195 Cr	202 Cr	253 Cr
Cash & bank	42 Cr	9 Cr	22 Cr
Other assets	215 Cr	223 Cr	289 Cr
Total assets	1,060 Cr	1,165 Cr	1,372 Cr

Cash flows

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

Metric	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	132 Cr	48 Cr	144 Cr
Cash from investing	-77 Cr	-135 Cr	-69 Cr
Cash from financing	-20 Cr	54 Cr	-62 Cr
Net cash flow	35 Cr	-33 Cr	13 Cr
Free cash flow (OCF − Capex)	-0.62 Cr	-104 Cr	52 Cr

Ratios

Metric	Mar 2024	Mar 2025	Mar 2026
ROCE %	8.5%	9.1%	11.5%
ROE %	3.6%	5.9%	9.1%
Debtor days	67	68	77
Inventory days	103	110	116
Days payable	78	79	78
Cash conversion cycle	92	99	115
OCF / EBITDA %	196.3%	52.3%	118.7%
OCF / EBITDA % (3 years)	—	—	115.4%
Debt / equity	0.81	0.96	0.84
Current ratio	1.09	1.00	0.94
Net debt / EBITDA	3.89	4.31	3.12