Hero MotoCorp Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 28.1%)
- Efficient capital deployment (ROCE 35.2%)
- Attractively valued vs sector (P/E 18.2x vs industry 38.9x)
- Virtually debt-free
- Regular dividends — yield 3.7%
Concerns
Today's Price Action
The stock closed at ₹5,322.5, unchanged from the previous session. Trading volume matched the 20‑day average at 4,14,572 shares, indicating a steady participation level and no immediate pressure from either side.
Valuation Snapshot
The current price‑to‑earnings multiple stands at 18.2, while the broader automobile‑components peer group reports a neutral P/E, underscoring a modest premium for earnings. A price‑to‑book of 0.0 combined with a 28.1 % return on equity reflects a high quality balance sheet and efficient capital utilisation.
Key Levels to Watch
The 52‑week range spans ₹4,672 to ₹6,390, placing the market price roughly 12 % above the lower band and about 16 % below the upper band. Open‑interest concentrations observed around the ₹5,250–₹5,400 corridor act as potential support‑resistance zones for short‑term traders.
Chart Pattern
On the daily chart, a bullish engulfing candle formed three sessions ago, preceded by an inverted hammer seven sessions back and a bearish engulfing eight sessions ago. The sequence shows alternating absorption of prior momentum, highlighting a recent shift in short‑term supply‑demand dynamics.
Data Summary
The equity carries a market capitalisation quoted as ₹0 Cr, with a P/E of 18.2 and a P/B of 0.0, while delivering a robust ROE of 28.1 %. Recent price action has been flat, and volume remains consistent with the 20‑day average, illustrating a period of consolidation within the established 52‑week range.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| M&M Mahindra & Mahindra Limited | ₹2,870 | ₹3.6L Cr | 18.6 | 3.83 | 20.3 | 15.1 | 1.53 |
| MARUTI Maruti Suzuki India Limited | ₹11,579 | ₹3.5L Cr | 24.6 | 3.4 | 14.3 | 18.9 | 0 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,485 | ₹2.8L Cr | 23.5 | 7.55 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,300 | ₹1.9L Cr | 33.4 | 7.98 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹4,240 | ₹1.9L Cr | 54.7 | 21.09 | 33.6 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹160 | ₹1.6L Cr | 35.4 | 4.13 | 11.2 | 13.4 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,867 | ₹1.5L Cr | 30.4 | 7.59 | 29.9 | 38.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HEROMOTOCO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 34.76% | 34.76% | 34.76% | 34.75% | 34.75% | 34.74% |
| FII | 28.34% | 28.93% | 29.87% | 29.59% | 27.95% | 27.43% |
| DII | 28.09% | 27.76% | 26.87% | 26.94% | 27.70% | 27.89% |
| Public | 8.80% | 8.55% | 8.49% | 8.72% | 9.58% | 9.91% |
| Govt | — | — | — | — | 0.01% | 0.01% |
Corporate Events
To consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 75 Per Share
We write with reference to our earlier intimation dated April 21, 2026, wherein we had informed you that a meeting of the Board of Directors is scheduled to be held on Tuesday, May 5, 2026, inter alia, to consider and approve the audited Standalone and Co
Hero MotoCorp Limited wishes to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, May 5, 2026, inter alia, to consider and approve the audited Standalone and Consolidated Financial Results for the quarter a
Interim Dividend - Rs 110 Per Share
Dividend - Rs 65 Per Share
Interim Dividend - Rs 100 Per Share
Annual General Meeting/Dividend - Rs 40 Per Share
Interim Dividend - Rs 75 Per Share/ Special Dividend - Rs 25 Per Share
Latest News
All newsHero MotoCorp receives new credit rating
*Hero MotoCorp receives new credit rating.* The company's latest credit assessment has been published per a regulatory filing on the NSE. While specific rating not mentioned, it reflects the firm’s current debt repayment capacity. Such updates are routine and typically do not alter immediate trading trends. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* Auto | #LOWIMPACT #CreditRating
Hero MotoCorp appoints new management team
*Hero MotoCorp appoints new management team* — Hero MotoCorp has announced a change in its management structure, as disclosed under SEBI Regulation 30. The specifics of the new appointments and roles are detailed in the regulatory filing. Leadership transitions at the top can influence strategic direction and investor sentiment. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* Auto | #HIGHIMPACT #ManagementChange
Hero MotoCorp announces change in management
*Hero MotoCorp announces change in management*. This development follows a regulatory filing under SEBI norms. Leadership transitions can influence strategic direction and near-term investor sentiment. Such changes may lead to volatility in stock price. 📊 *STOCKS:* $HEROMOTOCO | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #ManagementChange
HUL, Adani Ports, Meesho among firms reporting Q2 earnings today
*HUL, Adani Ports, Meesho among firms reporting Q2 earnings today.* Traders await results from key firms like **HUL**, **Adani Ports**, and **Meesho** for Q2 performance cues. Earnings could drive near-term F&O volatility. Watch revenue growth, margin trends, and guidance. 📊 *STOCKS:* HINDUNILVR, ADANIPORTS, ADANIENT, TVSMOTOR, HEROMOTOCO, MEOH | 🏢 *SECTOR:* Earnings | #HIGHIMPACT #Earnings
Hero MotoCorp to host analyst call post-earnings.
*Hero MotoCorp to host analyst call post-earnings.* The company will hold an investor conference call on **October 29, 2026**, following its recent board meeting. This call aims to discuss financial results and strategic updates with institutional investors and analysts. Such interactions often clarify guidance and influence near-term sentiment. 📊 *STOCKS:* $HEROMOTOCO | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Earnings
Hero Motors publishes statutory newspaper notice
*Hero Motors publishes statutory newspaper notice.* This is a routine compliance filing with the NSE, involving the republication of a statutory notice in print media. Such disclosures are mandatory under corporate regulations but carry no immediate financial implications. 📊 *STOCKS:* HEROMOTORS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Hero MotoCorp issues duplicate share certificates for lost ones
*Hero MotoCorp issues duplicate share certificates for lost ones.* Pursuant to SEBI Listing Regulation 30, the company published a newspaper advertisement regarding the issuance of duplicate certificates for shares reported lost and not traceable. This is a routine compliance disclosure with no financial impact. 📊 *STOCKS:* $HEROMOTOCO | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareCertificates
Hero Motors to hold shareholder meeting on Sept 30, 2026
*Hero Motors to hold shareholder meeting on Sept 30, 2026.* The meeting is scheduled for routine corporate discussions. No major announcements or financial outcomes are indicated. Shareholders will review company updates and governance matters. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* Auto | #LOWIMPACT #ShareholderMeeting
Hero Motors shares surge 19% on weak listing debut
*Hero Motors shares surge 19% on weak listing debut.* Despite a lackluster listing performance, the stock rallied **19%** due to strong retail investor interest and aggressive post-listing buying. The IPO was priced at **₹2,900 per share**, opening below the issue price but recovering sharply during the day. Market analysts attribute the rally to positive sentiment around the auto sector and brand strength. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Hero Motors IPO allotment status and listing details revealed
*Hero Motors IPO allotment status and listing details revealed* — Investors can now check allotment status on NSE, BSE, and KFin Technologies. The listing is scheduled for **June 12, 2024**, with trading beginning at **9:00 AM**. The IPO was subscribed **1.8 times** overall, with strong retail participation. 📊 *STOCKS:* $HEROMOTORS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #IPO
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12.5K Cr 2.2% | ₹12.2K Cr 25.6% | ₹9.7K Cr 2.4% | ₹10.0K Cr 2.8% | ₹10.3K Cr 2.1% | ₹10.5K Cr 2.7% | ₹10.2K Cr 6.2% | ₹9.6K Cr |
| Op. Profit | ₹1.8K Cr 0.8% | ₹1.8K Cr 25.0% | ₹1.4K Cr 1.9% | ₹1.4K Cr 1.8% | ₹1.4K Cr 2.3% | ₹1.4K Cr 3.1% | ₹1.4K Cr 6.7% | ₹1.3K Cr |
| OPM | 14.0% 0.0% | 14.0% 6.7% | 15.0% 7.1% | 14.0% 0.0% | 14.0% 0.0% | 14.0% 0.0% | 14.0% 0.0% | 14.0% |
| Net Profit | ₹1.3K Cr 3.5% | ₹1.3K Cr 22.6% | ₹1.7K Cr 45.9% | ₹1.2K Cr 5.5% | ₹1.1K Cr 3.9% | ₹1.1K Cr 3.3% | ₹1.0K Cr 9.4% | ₹943 Cr |
| EPS (₹) | 63.35 3.2% | 65.42 23.3% | 85.26 46.8% | 58.06 4.8% | 55.38 4.1% | 53.19 1.7% | 52.31 11.8% | 46.77 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹47.4K Cr 15.9% | ₹40.9K Cr 8.3% | ₹37.8K Cr 10.6% | ₹34.2K Cr 15.6% | ₹29.6K Cr 4.5% | ₹31.0K Cr 5.8% | ₹29.3K Cr 13.9% | ₹34.0K Cr 4.7% | ₹32.5K Cr 13.4% | ₹28.6K Cr |
| Expenses | ₹40.4K Cr 14.8% | ₹35.1K Cr 7.9% | ₹32.6K Cr 8.3% | ₹30.1K Cr 14.3% | ₹26.3K Cr 2.3% | ₹26.9K Cr 6.8% | ₹25.2K Cr 13.0% | ₹28.9K Cr 6.7% | ₹27.1K Cr 12.9% | ₹24.0K Cr |
| Op. Profit | ₹7.1K Cr 21.9% | ₹5.8K Cr 10.6% | ₹5.2K Cr 27.7% | ₹4.1K Cr 25.9% | ₹3.3K Cr 19.8% | ₹4.1K Cr 0.3% | ₹4.1K Cr 19.0% | ₹5.0K Cr 5.8% | ₹5.3K Cr 16.3% | ₹4.6K Cr |
| OPM | 15.0% 7.1% | 14.0% 0.0% | 14.0% 16.7% | 12.0% 9.1% | 11.0% 15.4% | 13.0% 7.1% | 14.0% 6.7% | 15.0% 6.3% | 16.0% 0.0% | 16.0% |
| Other Income | ₹1.3K Cr 26.0% | ₹1.0K Cr 50.9% | ₹689 Cr 21.5% | ₹567 Cr 4.0% | ₹545 Cr 1.4% | ₹553 Cr 61.4% | ₹1.4K Cr 93.5% | ₹741 Cr 31.4% | ₹564 Cr 32.0% | ₹830 Cr |
| Interest | ₹78 Cr 9.9% | ₹71 Cr 6.6% | ₹76 Cr 27.6% | ₹105 Cr 98.1% | ₹53 Cr 15.2% | ₹46 Cr 2.1% | ₹47 Cr 27.0% | ₹37 Cr 19.4% | ₹31 Cr 14.8% | ₹27 Cr |
| Depreciation | ₹855 Cr 3.6% | ₹825 Cr 9.0% | ₹757 Cr 8.6% | ₹697 Cr 1.0% | ₹690 Cr 3.5% | ₹715 Cr 15.5% | ₹846 Cr 35.6% | ₹624 Cr 8.5% | ₹575 Cr 14.5% | ₹502 Cr |
| PBT | ₹7.4K Cr 25.3% | ₹5.9K Cr 16.6% | ₹5.1K Cr 31.7% | ₹3.9K Cr 26.4% | ₹3.1K Cr 20.6% | ₹3.8K Cr 16.5% | ₹4.6K Cr 9.7% | ₹5.1K Cr 3.6% | ₹5.3K Cr 8.3% | ₹4.9K Cr |
| Tax % | 22.0% 15.4% | 26.0% 0.0% | 26.0% 7.1% | 28.0% 16.7% | 24.0% 0.0% | 24.0% 14.3% | 21.0% 34.4% | 32.0% 6.7% | 30.0% 11.1% | 27.0% |
| Net Profit | ₹5.8K Cr 32.0% | ₹4.4K Cr 16.9% | ₹3.7K Cr 33.6% | ₹2.8K Cr 20.2% | ₹2.3K Cr 20.7% | ₹2.9K Cr 19.8% | ₹3.7K Cr 5.6% | ₹3.5K Cr 6.9% | ₹3.7K Cr 5.0% | ₹3.5K Cr |
| EPS (₹) | 286.96 31.1% | 218.91 16.9% | 187.31 33.2% | 140.61 21.3% | 115.95 20.6% | 146.05 19.8% | 182.14 5.6% | 172.44 7.4% | 186.29 3.8% | 179.49 |
| Div Payout | 64.0% 14.7% | 75.0% 0.0% | 75.0% 5.6% | 71.0% 13.4% | 82.0% 13.9% | 72.0% 46.9% | 49.0% 2.0% | 50.0% 2.0% | 51.0% 8.5% | 47.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr 0.0% | ₹40 Cr |
| Reserves | ₹21.0K Cr 9.0% | ₹19.2K Cr 8.9% | ₹17.7K Cr 6.3% | ₹16.6K Cr 5.1% | ₹15.8K Cr 2.8% | ₹15.4K Cr 7.0% | ₹14.4K Cr 9.8% | ₹13.1K Cr 9.6% | ₹11.9K Cr 16.1% | ₹10.3K Cr |
| Borrowings | ₹718 Cr 2.6% | ₹700 Cr 15.5% | ₹606 Cr 6.7% | ₹568 Cr 6.1% | ₹605 Cr 3.6% | ₹584 Cr 28.9% | ₹453 Cr 45.2% | ₹312 Cr 36.8% | ₹228 Cr 12.6% | ₹261 Cr |
| Other Liabilities | ₹10.9K Cr 29.9% | ₹8.4K Cr 7.3% | ₹7.8K Cr 17.2% | ₹6.7K Cr 11.1% | ₹6.0K Cr 15.1% | ₹7.1K Cr 47.4% | ₹4.8K Cr 5.1% | ₹5.1K Cr 2.4% | ₹5.2K Cr 9.7% | ₹4.7K Cr |
| Total Liabilities | ₹32.7K Cr 15.0% | ₹28.4K Cr 8.6% | ₹26.2K Cr 9.3% | ₹23.9K Cr 6.4% | ₹22.5K Cr 2.7% | ₹23.1K Cr 17.4% | ₹19.7K Cr 6.3% | ₹18.5K Cr 6.4% | ₹17.4K Cr 13.6% | ₹15.3K Cr |
Assets | ||||||||||
| Fixed Assets | ₹6.6K Cr 5.4% | ₹6.3K Cr 0.8% | ₹6.2K Cr 1.2% | ₹6.2K Cr 0.6% | ₹6.2K Cr 2.9% | ₹6.4K Cr 1.4% | ₹6.5K Cr 30.7% | ₹5.0K Cr 0.2% | ₹5.0K Cr 7.9% | ₹4.6K Cr |
| CWIP | ₹198 Cr 59.3% | ₹487 Cr 0.6% | ₹484 Cr 6.6% | ₹454 Cr 12.2% | ₹517 Cr 4.4% | ₹495 Cr 26.6% | ₹391 Cr 31.8% | ₹573 Cr 61.4% | ₹355 Cr 38.9% | ₹581 Cr |
| Investments | ₹17.3K Cr 20.6% | ₹14.4K Cr 12.8% | ₹12.8K Cr 17.1% | ₹10.9K Cr 3.4% | ₹10.5K Cr 0.5% | ₹10.6K Cr 26.6% | ₹8.4K Cr 36.7% | ₹6.1K Cr 20.3% | ₹7.7K Cr 26.4% | ₹6.1K Cr |
| Other Assets | ₹8.5K Cr 17.4% | ₹7.2K Cr 8.2% | ₹6.7K Cr 4.2% | ₹6.4K Cr 22.4% | ₹5.2K Cr 7.1% | ₹5.6K Cr 26.7% | ₹4.5K Cr 35.2% | ₹6.9K Cr 55.6% | ₹4.4K Cr 8.5% | ₹4.1K Cr |
| Total Assets | ₹32.7K Cr 15.0% | ₹28.4K Cr 8.6% | ₹26.2K Cr 9.3% | ₹23.9K Cr 6.4% | ₹22.5K Cr 2.7% | ₹23.1K Cr 17.4% | ₹19.7K Cr 6.3% | ₹18.5K Cr 6.4% | ₹17.4K Cr 13.6% | ₹15.3K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹4.3K Cr 12.7% | ₹4.9K Cr 88.3% | ₹2.6K Cr 24.2% | ₹2.1K Cr 48.8% | ₹4.1K Cr 25.5% | ₹5.5K Cr 434.7% | ₹1.0K Cr 74.3% | ₹4.0K Cr 0.2% | ₹4.0K Cr 7.7% | ₹3.7K Cr |
| Investing CF | ₹-1.7K Cr 6.8% | ₹-1.8K Cr 334.2% | ₹-421 Cr 89.6% | ₹-222 Cr 90.3% | ₹-2.3K Cr 18.8% | ₹-2.8K Cr 317.2% | ₹1.3K Cr 169.9% | ₹-1.9K Cr 5.8% | ₹-2.0K Cr 14.3% | ₹-2.3K Cr |
| Financing CF | ₹-2.8K Cr 3.6% | ₹-2.7K Cr 26.5% | ₹-2.1K Cr 8.7% | ₹-2.0K Cr 6.6% | ₹-1.9K Cr 28.8% | ₹-2.6K Cr 15.5% | ₹-2.3K Cr 7.1% | ₹-2.1K Cr 3.2% | ₹-2.0K Cr 38.0% | ₹-1.5K Cr |
| Net Cash Flow | ₹-221 Cr 158.3% | ₹379 Cr 742.2% | ₹45 Cr 147.9% | ₹-94 Cr 203.2% | ₹-31 Cr 132.0% | ₹97 Cr 24.4% | ₹78 Cr 36.8% | ₹57 Cr 5800.0% | ₹-1 Cr 98.1% | ₹-53 Cr |
| Free Cash Flow | ₹3.5K Cr 16.5% | ₹4.1K Cr 102.0% | ₹2.1K Cr 32.8% | ₹1.5K Cr 56.3% | ₹3.5K Cr 16.4% | ₹4.2K Cr 7321.1% | ₹57 Cr 98.2% | ₹3.2K Cr 15.3% | ₹2.8K Cr 32.3% | ₹2.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30d 20.0% | 25d 13.8% | 29d 7.4% | 27d 0.0% | 27d 42.1% | 19d 34.5% | 29d 81.3% | 16d 20.0% | 20d 25.0% | 16d |
| Inventory Days | 27d 8.0% | 25d 7.4% | 27d 3.8% | 26d 13.3% | 30d 25.0% | 24d 26.3% | 19d 18.8% | 16d 14.3% | 14d 0.0% | 14d |
| Days Payable | 77d 3.8% | 80d 9.6% | 73d 3.9% | 76d 13.6% | 88d 51.7% | 58d 7.4% | 54d 3.6% | 56d 9.7% | 62d 21.6% | 51d |
| Cash Conv. Cycle | -20d 33.3% | -30d 76.5% | -17d 26.1% | -23d 28.1% | -32d 113.3% | -15d 200.0% | -5d 79.2% | -24d 17.2% | -29d 45.0% | -20d |
| Working Capital Days | -11d 35.3% | -17d 142.9% | -7d 50.0% | -14d 33.3% | -21d 110.0% | -10d 266.7% | 6d 140.0% | -15d 11.8% | -17d 41.7% | -12d |
| ROCE | 30.0% 3.4% | 29.0% 26.1% | 23.0% 27.8% | 18.0% 25.0% | 24.0% 11.1% | 27.0% 30.8% | 39.0% 13.3% | 45.0% 6.3% | 48.0% 11.1% | 54.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Hero MotoCorp Limited
Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp. [1] [2]
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