Hero MotoCorp Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 28.5%)
- ✓Efficient capital deployment (ROCE 35.8%)
- ✓Attractively valued vs sector (P/E 16.7x vs industry 40.6x)
- ✓Virtually debt-free
- ✓Regular dividends — yield 3.4%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,035 | ₹4.1L Cr | 27.9 | 3.82 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,039 | ₹3.7L Cr | 21.1 | 4.06 | 20.8 | 15.4 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,350 | ₹2.9L Cr | 26.7 | 7.45 | 29.1 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,050 | ₹2.0L Cr | 35.2 | 7.7 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,377 | ₹1.6L Cr | 52.5 | 16.8 | 33.8 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹143 | ₹1.5L Cr | 37 | 3.7 | 10.9 | 13.1 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,905 | ₹1.5L Cr | 28 | 7.74 | 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
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
Annual General Meeting/Dividend - Rs 35 Per Share
Latest News
All news →Hero MotoCorp to invest ₹1,500 Cr to double scooter capacity
*Hero MotoCorp to invest ₹1,500 Cr to double scooter capacity.* The company plans to expand its scooter production capacity by investing **₹1,500 crore**, aiming to meet rising demand and strengthen market share. The move targets long-term growth amid increasing urban mobility needs. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Capex
Hero MotoCorp to invest ₹1,500 crore in EV expansion by FY27
*Hero MotoCorp to invest ₹1,500 crore in FY27 as EV arm Vida logs 190% growth, scooter capacity expansion accelerates.* Vida’s sales surged by **190%**, driving plans for expanded production. The capex aims to scale electric scooter capacity and meet rising demand. The move signals long-term EV commitment amid competitive pressures. 📊 *STOCKS:* HEROMOTOCO | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #EV
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 ▲14.9% | ₹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 | ₹7.0K Cr ▲21.7% | ₹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 ▲27.3% | ₹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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