Nifty
:
25693.70
Sensex
:
83580.40
50.90 (0.20%)
266.47 (0.32%)
Nifty
Sensex
:
:
25693.70
83580.40
50.90 (0.20%)
266.47 (0.32%)

Hero MotoCorp Ltd.

Automobile Two & Three Wheelers

Rating :
73/99

BSE: 500182 | NSE: HEROMOTOCO

NSE BSE
5766.00
05-Feb-2026
  • Open
  • High
  • Low
  • Previous Close
  •  5880.5
  •  5890
  •  5745
  •  5851.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  331312
  •  1920168709.5
  •  6388.5
  •  3344

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,15,427.79
  • 21.85
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,15,504.74
  • 2.86%
  • 5.50

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 34.73%
  • 0.32%
  • 7.49%
  • FII
  • DII
  • Others
  • 29.43%
  • 26.08%
  • 1.95%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.70
  • 5.74
  • 6.21

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 2.75
  • 7.07
  • 7.76

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.49
  • 8.11
  • 15.93

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.83
  • 20.96
  • 21.34

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.22
  • 4.13
  • 4.58

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.52
  • 13.34
  • 13.99

Earnings Forecasts:

(Updated: 31-01-2026)
Description
2024
2025
2026
2027
Adj EPS
218.96
251.14
282.95
313.95
P/E Ratio
26.33
22.96
20.38
18.37
Revenue
40923.4
45190.6
48366.6
52465.1
EBITDA
5908.04
6646.7
7440.37
8156.69
Net Income
4378.48
5035.7
5664.4
6280.37
ROA
16.06
18.33
18.73
18.9
P/B Ratio
5.98
5.35
4.89
4.44
ROE
23.69
24.87
25.4
25.56
FCFF
3891.16
4662.62
5176.08
5737.83
FCFF Yield
3.74
4.49
4.98
5.52
Net Debt
-6487.87
-13675.1
-15193.6
-16888.5
BVPS
963.55
1078.22
1179.58
1298

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
12,486.82
10,259.89
21.71%
12,218.39
10,482.93
16.56%
9,727.75
10,210.79
-4.73%
9,969.81
9,616.68
3.67%
Expenses
10,640.60
8,752.17
21.58%
10,354.35
8,946.84
15.73%
8,314.85
8,749.51
-4.97%
8,529.06
8,223.11
3.72%
EBITDA
1,846.22
1,507.72
22.45%
1,864.04
1,536.09
21.35%
1,412.90
1,461.28
-3.31%
1,440.75
1,393.57
3.39%
EBIDTM
14.79%
14.70%
15.26%
14.65%
14.52%
14.31%
14.45%
14.49%
Other Income
297.76
306.42
-2.83%
240.39
238.66
0.72%
309.94
224.81
37.87%
274.19
177.33
54.62%
Interest
19.64
16.55
18.67%
19.25
18.32
5.08%
20.66
18.85
9.60%
16.93
7.64
121.60%
Depreciation
218.61
208.91
4.64%
210.27
206.10
2.02%
205.61
205.44
0.08%
204.14
196.61
3.83%
PBT
1,786.73
1,588.68
12.47%
1,874.91
1,550.33
20.94%
1,496.57
1,461.80
2.38%
1,493.87
1,366.65
9.31%
Tax
417.02
388.56
7.32%
455.90
397.58
14.67%
420.36
375.45
11.96%
396.16
348.62
13.64%
PAT
1,369.71
1,200.12
14.13%
1,419.01
1,152.75
23.10%
1,076.21
1,086.35
-0.93%
1,097.71
1,018.03
7.83%
PATM
10.97%
11.70%
11.61%
11.00%
11.06%
10.64%
11.01%
10.59%
EPS
63.35
55.38
14.39%
65.43
53.19
23.01%
85.26
52.31
62.99%
58.07
46.77
24.16%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
44,402.77
40,923.42
37,788.62
34,158.38
29,551.28
30,959.19
29,253.97
33,970.82
32,458.37
28,610.43
28,457.12
Net Sales Growth
9.45%
8.30%
10.63%
15.59%
-4.55%
5.83%
-13.89%
4.66%
13.45%
0.54%
 
Cost Of Goods Sold
29,284.86
26,806.11
25,460.70
23,925.84
20,898.27
21,743.61
19,830.95
23,444.42
21,885.82
19,108.76
19,313.16
Gross Profit
15,117.91
14,117.31
12,327.92
10,232.54
8,653.01
9,215.58
9,423.02
10,526.40
10,572.55
9,501.67
9,143.96
GP Margin
34.05%
34.50%
32.62%
29.96%
29.28%
29.77%
32.21%
30.99%
32.57%
33.21%
32.13%
Total Expenditure
37,838.86
35,155.50
32,609.56
30,188.95
26,208.65
26,859.68
25,193.05
28,952.39
27,133.32
24,034.46
24,059.42
Power & Fuel Cost
-
131.13
120.18
114.56
109.72
113.89
132.96
158.12
139.84
112.84
122.20
% Of Sales
-
0.32%
0.32%
0.34%
0.37%
0.37%
0.45%
0.47%
0.43%
0.39%
0.43%
Employee Cost
-
2,364.93
2,154.09
1,961.08
1,768.10
1,951.02
1,889.32
1,778.03
1,583.71
1,432.49
1,339.46
% Of Sales
-
5.78%
5.70%
5.74%
5.98%
6.30%
6.46%
5.23%
4.88%
5.01%
4.71%
Manufacturing Exp.
-
1,059.14
928.08
779.16
661.07
227.15
237.53
290.72
278.91
262.34
315.90
% Of Sales
-
2.59%
2.46%
2.28%
2.24%
0.73%
0.81%
0.86%
0.86%
0.92%
1.11%
General & Admin Exp.
-
128.47
134.10
139.16
133.22
123.49
91.51
113.04
161.35
306.45
308.15
% Of Sales
-
0.31%
0.35%
0.41%
0.45%
0.40%
0.31%
0.33%
0.50%
1.07%
1.08%
Selling & Distn. Exp.
-
2,353.36
2,059.57
1,862.01
1,698.74
1,566.60
1,690.74
2,030.98
1,981.43
1,741.64
1,599.81
% Of Sales
-
5.75%
5.45%
5.45%
5.75%
5.06%
5.78%
5.98%
6.10%
6.09%
5.62%
Miscellaneous Exp.
-
2,312.36
1,752.84
1,407.14
939.53
1,133.92
1,320.04
1,137.08
1,102.26
1,069.94
1,599.81
% Of Sales
-
5.65%
4.64%
4.12%
3.18%
3.66%
4.51%
3.35%
3.40%
3.74%
3.73%
EBITDA
6,563.91
5,767.92
5,179.06
3,969.43
3,342.63
4,099.51
4,060.92
5,018.43
5,325.05
4,575.97
4,397.70
EBITDA Margin
14.78%
14.09%
13.71%
11.62%
11.31%
13.24%
13.88%
14.77%
16.41%
15.99%
15.45%
Other Income
1,122.28
1,044.08
866.75
569.01
555.01
557.90
730.56
686.73
523.17
521.95
412.83
Interest
76.48
70.65
76.37
104.88
53.10
46.41
46.64
37.18
30.80
27.28
14.61
Depreciation
838.63
646.67
599.00
573.05
587.38
715.12
845.76
624.44
574.98
502.25
443.25
PBT
6,652.08
6,094.68
5,370.44
3,860.51
3,257.16
3,895.88
3,899.08
5,043.54
5,242.44
4,568.39
4,352.67
Tax
1,689.44
1,557.75
1,348.04
1,063.72
729.06
913.27
951.67
1,637.95
1,569.93
1,339.10
1,274.71
Tax Rate
25.40%
25.56%
25.87%
27.55%
22.38%
23.44%
20.79%
32.48%
29.95%
29.31%
29.29%
PAT
4,962.64
4,378.48
3,744.83
2,809.96
2,316.88
2,964.31
3,603.48
3,383.33
3,670.74
3,267.26
3,107.65
PAT before Minority Interest
4,935.17
4,375.81
3,742.16
2,799.90
2,329.05
2,982.61
3,624.78
3,405.59
3,672.51
3,229.29
3,077.96
Minority Interest
-27.47
2.67
2.67
10.06
-12.17
-18.30
-21.30
-22.26
-1.77
37.97
29.69
PAT Margin
11.18%
10.70%
9.91%
8.23%
7.84%
9.57%
12.32%
9.96%
11.31%
11.42%
10.92%
PAT Growth
11.34%
16.92%
33.27%
21.28%
-21.84%
-17.74%
6.51%
-7.83%
12.35%
5.14%
 
EPS
248.01
218.81
187.15
140.43
115.79
148.14
180.08
169.08
183.45
163.28
155.30

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
19,272.04
17,698.92
16,655.57
15,846.65
15,416.42
14,406.28
13,120.41
11,971.46
10,315.51
8,834.11
Share Capital
40.00
39.98
39.97
39.96
39.96
39.95
39.95
39.94
39.94
39.94
Total Reserves
19,188.18
17,613.31
16,579.97
15,782.24
15,357.42
14,350.89
13,070.87
11,924.78
10,271.67
8,792.88
Non-Current Liabilities
2,975.80
2,548.54
2,102.49
1,802.66
1,956.26
1,947.07
2,457.90
2,301.69
1,834.66
1,396.46
Secured Loans
0.00
0.00
0.20
0.00
0.12
0.24
0.33
10.21
68.03
15.31
Unsecured Loans
0.00
0.00
19.89
36.17
45.06
43.78
124.51
139.42
139.87
130.67
Long Term Provisions
1,960.84
1,601.15
1,180.65
1,017.73
1,099.88
1,222.85
1,720.18
1,570.17
1,157.86
1,028.71
Current Liabilities
7,475.98
7,048.37
6,012.62
5,517.63
6,504.53
4,279.07
4,409.18
4,481.36
4,176.69
3,571.52
Trade Payables
5,699.66
5,622.90
4,760.14
4,343.09
5,264.18
3,127.62
3,438.24
3,375.26
3,266.20
2,675.34
Other Current Liabilities
1,098.07
922.49
793.25
698.74
779.37
825.88
727.55
970.44
827.84
782.32
Short Term Borrowings
456.76
343.54
266.55
296.65
285.16
165.88
183.68
75.37
40.08
84.06
Short Term Provisions
221.49
159.44
192.68
179.15
175.82
159.69
59.71
60.29
42.57
29.80
Total Liabilities
29,855.87
27,431.48
24,895.74
23,314.99
24,020.40
20,773.02
20,103.60
18,847.72
16,394.24
13,856.72
Net Block
6,282.98
6,232.20
6,159.20
6,193.54
6,380.39
6,472.93
4,952.36
4,960.96
4,598.85
3,783.71
Gross Block
17,186.55
16,414.76
15,766.25
15,199.96
14,824.01
14,288.61
12,020.04
11,478.10
10,597.49
9,335.15
Accumulated Depreciation
10,903.57
10,182.56
9,607.05
9,006.42
8,443.62
7,815.68
7,067.68
6,517.14
5,998.64
5,551.44
Non Current Assets
16,421.98
17,116.03
15,460.41
12,742.77
12,649.92
12,123.82
11,690.39
9,845.49
8,823.73
7,553.39
Capital Work in Progress
487.18
484.06
453.71
517.22
495.13
391.33
572.82
355.48
580.96
653.37
Non Current Investment
7,748.27
8,446.16
7,219.08
4,657.56
4,356.28
3,649.52
2,939.95
2,078.12
1,522.31
1,029.51
Long Term Loans & Adv.
1,897.52
1,794.49
1,450.33
1,364.54
1,411.91
1,604.98
2,943.07
2,204.02
1,873.23
1,834.55
Other Non Current Assets
6.03
159.12
178.09
9.91
6.21
5.06
282.19
246.91
248.38
252.25
Current Assets
13,433.89
10,315.45
9,435.33
10,572.22
11,370.48
8,649.20
8,413.21
9,002.23
7,570.51
6,303.33
Current Investments
6,635.99
4,305.08
3,671.85
5,870.31
6,225.34
4,709.12
3,173.88
5,591.12
4,544.06
3,471.57
Inventories
2,013.34
1,755.90
1,756.39
1,472.41
1,789.27
1,282.32
1,249.53
962.68
708.58
761.99
Sundry Debtors
3,381.29
2,630.22
2,719.47
2,158.49
2,274.68
1,511.91
2,745.11
1,426.97
1,551.75
1,282.07
Cash & Bank
574.08
696.47
422.80
299.74
396.24
435.41
303.90
237.57
195.39
179.09
Other Current Assets
829.19
509.58
628.44
572.77
684.95
710.44
940.79
783.89
570.73
608.61
Short Term Loans & Adv.
565.69
418.20
236.38
198.50
254.17
258.49
214.23
153.59
247.37
486.50
Net Current Assets
5,957.91
3,267.08
3,422.71
5,054.59
4,865.95
4,370.13
4,004.03
4,520.87
3,393.82
2,731.81
Total Assets
29,855.87
27,431.48
24,895.74
23,314.99
24,020.40
20,773.02
20,103.60
18,847.72
16,394.24
13,856.72

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
4,297.39
4,923.07
2,613.84
2,103.70
4,110.45
5,518.13
1,032.27
4,017.21
4,007.19
3,722.37
PBT
5,933.56
5,090.20
3,863.62
3,058.11
3,895.88
4,611.08
5,104.30
5,242.44
4,568.39
4,352.67
Adjustment
171.68
154.87
226.97
498.14
257.63
264.37
-55.81
90.31
185.85
150.17
Changes in Working Capital
-242.70
1,007.17
-620.19
-668.47
937.72
1,195.46
-1,945.76
197.46
439.97
322.97
Cash after chg. in Working capital
5,862.54
6,252.24
3,470.40
2,887.78
5,091.23
6,070.91
3,102.73
5,530.21
5,194.21
4,825.81
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,565.15
-1,329.17
-856.56
-784.08
-980.78
-552.78
-2,070.46
-1,513.00
-1,187.02
-1,103.44
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-1,703.36
-1,827.87
-421.33
-221.97
-2,289.32
-2,819.14
1,297.64
-1,858.21
-1,971.95
-2,300.18
Net Fixed Assets
-764.04
-608.71
-534.06
-362.85
-554.41
-2,036.57
-717.29
-610.53
-1,110.54
-906.52
Net Investments
-1,823.47
-2,075.74
-358.04
-152.65
-2,277.02
-2,254.04
1,556.59
-1,635.35
-1,308.83
-1,426.91
Others
884.15
856.58
470.77
293.53
542.11
1,471.47
458.34
387.67
447.42
33.25
Cash from Financing Activity
-2,815.39
-2,716.59
-2,147.23
-1,975.33
-1,851.82
-2,601.80
-2,252.40
-2,102.45
-2,035.86
-1,474.73
Net Cash Inflow / Outflow
-221.36
378.61
45.28
-93.60
-30.69
97.19
77.51
56.55
-0.62
-52.54
Opening Cash & Equivalents
604.91
226.30
181.02
274.62
305.31
208.12
130.61
74.06
74.68
127.22
Closing Cash & Equivalent
383.55
604.91
226.30
181.02
274.62
305.31
208.12
130.61
74.06
74.68

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
961.41
883.11
831.62
791.90
770.64
720.44
656.36
599.13
516.36
442.30
ROA
15.28%
14.30%
11.62%
9.84%
13.32%
17.74%
17.49%
20.84%
21.35%
25.19%
ROE
23.73%
21.84%
17.26%
14.92%
20.03%
26.36%
27.16%
32.97%
33.74%
40.05%
ROCE
31.78%
29.50%
23.93%
19.47%
25.96%
32.96%
39.64%
46.31%
46.79%
55.61%
Fixed Asset Turnover
2.48
2.39
2.25
2.00
2.16
2.22
2.89
3.00
3.11
3.51
Receivable days
26.31
25.41
25.57
26.90
21.98
26.56
22.41
16.42
16.69
15.77
Inventory Days
16.50
16.68
16.93
19.79
17.83
15.79
11.88
9.21
8.66
9.65
Payable days
77.09
74.42
69.44
83.90
70.43
48.25
43.72
45.58
46.92
42.33
Cash Conversion Cycle
-34.28
-32.33
-26.94
-37.21
-30.63
-5.90
-9.43
-19.94
-21.56
-16.92
Total Debt/Equity
0.02
0.02
0.02
0.02
0.02
0.01
0.02
0.02
0.03
0.03
Interest Cover
84.99
67.65
37.84
58.59
84.94
99.12
136.65
171.21
168.46
298.92

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Hero MotoCorp gets nod for additional investment in Euler Motors
    6th Feb 2026, 11:42 AM

    The Board of Directors at its meeting held on February 5, 2026 has, inter-alia, considered and approved the same

    Read More
  • Hero MotoCorp reports 14% rise in Q3 consolidated net profit
    6th Feb 2026, 10:47 AM

    Consolidated total income increased by 20.99% at Rs 12,784.58 crore for Q3FY26

    Read More
  • Hero MotoCorp reports 26% rise in total sales in January
    2nd Feb 2026, 09:15 AM

    In the domestic business, the company sold 520,208 units in January 2026, while the company has exported 37,663 units during the same month

    Read More
  • Hero MotoCorp reports 40% growth in total sales in December
    2nd Jan 2026, 10:38 AM

    In the domestic business, the company sold 419,243 units in December 2025

    Read More
  • Hero MotoCorp reports 31% growth in total sales in November 2025
    2nd Dec 2025, 10:14 AM

    Hero MotoCorp’s global business operations maintained strong exports of 33,970 units, reflecting 70% growth compared to the same period last year

    Read More
  • Hero MotoCorp’s consolidated net profit surges 23% in Q2
    14th Nov 2025, 11:10 AM

    The consolidated total income of the company increased by 16.20% at Rs 12,458.78 crore for Q2FY26

    Read More
  • Hero MotoCorp gets nod for additional investment of upto Rs 170 crore for GPC 2.0
    14th Nov 2025, 11:00 AM

    The Board of Directors of the company at its meeting held on November 13, 2025, has approved the same

    Read More
  • Hero MotoCorp unveils VIDA Novus lineage
    5th Nov 2025, 17:12 PM

    The company has unveiled two internal combustion engine (ICE) models

    Read More
  • Hero MotoCorp reports 6% fall in total sales in October
    4th Nov 2025, 15:00 PM

    The company has sold 5,70,753 units of Motorcycles in the month of October 2025, a de-growth of 10.23% over 6,35,787 units sold in October 2024

    Read More
  • Hero MotoCorp completes acquisition of 26% equity stake in Clean Max Karakoram
    31st Oct 2025, 11:52 AM

    The move is part of the company’s plan to invest in a Solar Power Wheeling project, for the Company’s Dharuhera and Gurugram manufacturing plants under the captive scheme

    Read More
  • Hero MotoCorp enters into France in partnership with GD France
    29th Oct 2025, 16:44 PM

    The company will introduce its advanced Euro 5+ range, featuring the highly anticipated Hunk 440, designed to meet the growing demand for high-performance motorcycle enthusiasts in France

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.