Hero MotoCorp, 500182, HEROMOTOCO Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,09,799.79
20.78
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,09,876.74
3.01%
5.23

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

19.82
20.97
21.32

P:BV (Average)

8 Years
5 Years
3 Years

4.23
4.13
4.56

EV:EBITDA (Average)

8 Years
5 Years
3 Years

12.51
13.36
13.96

Earnings Forecasts:

(Updated: 17-01-2026)

Description 2024 2025 2026 2027
Adj EPS 218.96 251.14 282.95 313.95
P/E Ratio 25.07 21.85 19.40 17.48
Revenue 40923.4 45135.9 48303.9 52403.3
EBITDA 5908.04 6633.8 7421.65 8135.98
Net Income 4378.48 5035.7 5664.4 6280.37
ROA 16.06 17.91 18.35 18.53
P/B Ratio 5.70 5.08 4.64 4.22
ROE 23.69 24.84 25.34 25.49
FCFF 3891.16 4569.68 5199.2 5707.8
FCFF Yield 3.63 4.26 4.85 5.32
Net Debt -6487.87 -14168.6 -15680.5 -17370.5
BVPS 963.55 1080.75 1182.48 1301.06

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 12,126.37 10,463.21 15.90% 9,578.86 10,143.73 -5.57% 9,938.65 9,519.30 4.41% 10,210.78 9,723.73 5.01%
Expenses 10,302.93 8,947.32 15.15% 8,197.15 8,683.98 -5.61% 8,523.10 8,160.15 4.45% 8,734.30 8,361.71 4.46%
EBITDA 1,823.44 1,515.89 20.29% 1,381.71 1,459.75 -5.35% 1,415.55 1,359.15 4.15% 1,476.48 1,362.02 8.40%
EBIDTM 15.04% 14.49% 14.42% 14.39% 14.24% 14.28% 14.46% 14.01%
Other Income 232.84 283.00 -17.72% 303.67 231.71 31.06% 223.70 180.04 24.25% 317.51 242.04 31.18%
Interest 5.65 4.93 14.60% 5.61 4.81 16.63% 4.73 4.56 3.73% 5.45 4.52 20.58%
Depreciation 196.95 193.69 1.68% 192.77 193.20 -0.22% 192.07 185.05 3.79% 196.90 182.51 7.88%
PBT 1,853.68 1,600.27 15.84% 1,487.00 1,493.45 -0.43% 1,442.45 1,349.58 6.88% 1,591.64 1,417.03 12.32%
Tax 460.85 396.73 16.16% 361.30 370.82 -2.57% 361.51 333.53 8.39% 388.80 343.65 13.14%
PAT 1,392.83 1,203.54 15.73% 1,125.70 1,122.63 0.27% 1,080.94 1,016.05 6.39% 1,202.84 1,073.38 12.06%
PATM 11.49% 11.50% 11.75% 11.07% 10.88% 10.67% 11.78% 11.04%
EPS 69.61 60.15 15.73% 56.26 56.10 0.29% 54.02 50.78 6.38% 60.11 53.64 12.06%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 12,218.39 10,482.93 16.56% 9,727.75 10,210.79 -4.73% 9,969.81 9,616.68 3.67% 10,259.89 9,787.86 4.82%
Expenses 10,354.35 8,946.84 15.73% 8,314.85 8,749.51 -4.97% 8,529.06 8,223.11 3.72% 8,752.17 8,402.98 4.16%
EBITDA 1,864.04 1,536.09 21.35% 1,412.90 1,461.28 -3.31% 1,440.75 1,393.57 3.39% 1,507.72 1,384.88 8.87%
EBIDTM 15.26% 14.65% 14.52% 14.31% 14.45% 14.49% 14.70% 14.15%
Other Income 240.39 238.66 0.72% 309.94 224.81 37.87% 274.19 177.33 54.62% 306.42 243.57 25.80%
Interest 19.25 18.32 5.08% 20.66 18.85 9.60% 16.93 7.64 121.60% 16.55 22.74 -27.22%
Depreciation 210.27 206.10 2.02% 205.61 205.44 0.08% 204.14 196.61 3.83% 208.91 193.92 7.73%
PBT 1,874.91 1,550.33 20.94% 1,496.57 1,461.80 2.38% 1,493.87 1,366.65 9.31% 1,588.68 1,411.79 12.53%
Tax 455.90 397.58 14.67% 420.36 375.45 11.96% 396.16 348.62 13.64% 388.56 364.96 6.47%
PAT 1,419.01 1,152.75 23.10% 1,076.21 1,086.35 -0.93% 1,097.71 1,018.03 7.83% 1,200.12 1,046.83 14.64%
PATM 11.61% 11.00% 11.06% 10.64% 11.01% 10.59% 11.70% 10.70%
EPS 65.43 53.19 23.01% 85.26 52.31 62.99% 58.07 46.77 24.16% 55.38 54.70 1.24%

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 41,854.66 40,756.37 37,455.72 33,805.65 29,245.47 30,800.62 28,836.09 33,650.54 32,230.49 28,500.46 28,442.70 Net Sales Growth 5.03% 8.81% 10.80% 15.59% -5.05% 6.81% -14.31% 4.41% 13.09% 0.20% Cost Of Goods Sold 27,706.39 26,966.85 25,382.03 23,839.93 20,804.64 21,762.33 19,697.41 23,317.72 21,834.64 19,029.91 19,314.90 Gross Profit 14,148.27 13,789.52 12,073.69 9,965.72 8,440.83 9,038.29 9,138.68 10,332.82 10,395.85 9,470.55 9,127.80 GP Margin 33.80% 33.83% 32.23% 29.48% 28.86% 29.34% 31.69% 30.71% 32.25% 33.23% 32.09% Total Expenditure 35,757.48 35,107.82 32,358.37 29,943.76 25,978.84 26,781.38 24,878.13 28,720.45 26,950.30 23,865.65 23,987.73 Power & Fuel Cost - 127.85 118.00 112.96 108.53 112.91 132.22 157.48 138.77 112.62 122.13 % Of Sales - 0.31% 0.32% 0.33% 0.37% 0.37% 0.46% 0.47% 0.43% 0.40% 0.43% Employee Cost - 2,280.07 2,087.44 1,904.50 1,710.53 1,898.72 1,841.70 1,730.24 1,540.13 1,396.01 1,315.93 % Of Sales - 5.59% 5.57% 5.63% 5.85% 6.16% 6.39% 5.14% 4.78% 4.90% 4.63% Manufacturing Exp. - 1,037.47 911.27 762.33 650.35 214.73 230.95 289.97 278.16 261.33 314.45 % Of Sales - 2.55% 2.43% 2.26% 2.22% 0.70% 0.80% 0.86% 0.86% 0.92% 1.11% General & Admin Exp. - 119.35 125.41 132.71 128.56 118.80 87.92 110.64 157.51 302.09 304.92 % Of Sales - 0.29% 0.33% 0.39% 0.44% 0.39% 0.30% 0.33% 0.49% 1.06% 1.07% Selling & Distn. Exp. - 2,294.22 2,015.88 1,825.14 1,660.92 1,548.63 1,667.29 2,000.38 1,963.75 1,725.86 1,591.98 % Of Sales - 5.63% 5.38% 5.40% 5.68% 5.03% 5.78% 5.94% 6.09% 6.06% 5.60% Miscellaneous Exp. - 2,282.01 1,718.34 1,366.19 915.31 1,125.26 1,220.64 1,114.02 1,037.34 1,037.83 1,591.98 % Of Sales - 5.60% 4.59% 4.04% 3.13% 3.65% 4.23% 3.31% 3.22% 3.64% 3.60% EBITDA 6,097.18 5,648.55 5,097.35 3,861.89 3,266.63 4,019.24 3,957.96 4,930.09 5,280.19 4,634.81 4,454.97 EBITDA Margin 14.57% 13.86% 13.61% 11.42% 11.17% 13.05% 13.73% 14.65% 16.38% 16.26% 15.66% Other Income 1,077.72 1,097.12 892.55 565.16 556.91 579.85 778.34 691.25 525.82 522.43 422.43 Interest 21.44 19.92 18.50 19.87 25.80 21.84 22.02 8.60 6.25 6.05 4.89 Depreciation 778.69 597.94 553.05 532.62 547.61 676.87 817.96 602.01 555.60 492.73 437.64 PBT 6,374.77 6,127.81 5,418.35 3,874.56 3,250.13 3,900.38 3,896.32 5,010.73 5,244.16 4,658.46 4,434.87 Tax 1,572.46 1,517.86 1,290.40 963.98 777.11 936.18 940.43 1,625.86 1,546.80 1,281.34 1,274.68 Tax Rate 24.67% 24.77% 24.54% 24.88% 23.91% 24.00% 20.56% 32.45% 29.50% 27.51% 28.74% PAT 4,802.31 4,609.95 3,967.96 2,910.58 2,473.02 2,964.20 3,633.26 3,384.87 3,697.36 3,377.12 3,160.19 PAT before Minority Interest 4,802.31 4,609.95 3,967.96 2,910.58 2,473.02 2,964.20 3,633.26 3,384.87 3,697.36 3,377.12 3,160.19 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.47% 11.31% 10.59% 8.61% 8.46% 9.62% 12.60% 10.06% 11.47% 11.85% 11.11% PAT Growth 8.76% 16.18% 36.33% 17.69% -16.57% -18.41% 7.34% -8.45% 9.48% 6.86% EPS 240.00 230.38 198.30 145.46 123.59 148.14 181.57 169.16 184.78 168.77 157.93

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 42,175.84 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 5.18% 8.30% 10.63% 15.59% -4.55% 5.83% -13.89% 4.66% 13.45% 0.54% Cost Of Goods Sold 27,643.34 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 14,532.50 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 34.46% 34.50% 32.62% 29.96% 29.28% 29.77% 32.21% 30.99% 32.57% 33.21% 32.13% Total Expenditure 35,950.43 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 6,225.41 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 14.76% 14.09% 13.71% 11.62% 11.31% 13.24% 13.88% 14.77% 16.41% 15.99% 15.45% Other Income 1,130.94 1,044.08 866.75 569.01 555.01 557.90 730.56 686.73 523.17 521.95 412.83 Interest 73.39 70.65 76.37 104.88 53.10 46.41 46.64 37.18 30.80 27.28 14.61 Depreciation 828.93 646.67 599.00 573.05 587.38 715.12 845.76 624.44 574.98 502.25 443.25 PBT 6,454.03 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 1,660.98 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 25.74% 25.56% 25.87% 27.55% 22.38% 23.44% 20.79% 32.48% 29.95% 29.31% 29.29% PAT 4,793.05 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 4,772.35 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 -20.70 2.67 2.67 10.06 -12.17 -18.30 -21.30 -22.26 -1.77 37.97 29.69 PAT Margin 11.36% 10.70% 9.91% 8.23% 7.84% 9.57% 12.32% 9.96% 11.31% 11.42% 10.92% PAT Growth 11.36% 16.92% 33.27% 21.28% -21.84% -17.74% 6.51% -7.83% 12.35% 5.14% EPS 239.53 218.81 187.15 140.43 115.79 148.14 180.08 169.08 183.45 163.28 155.30

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 19,806.85 17,986.18 16,705.09 15,782.92 15,198.43 14,136.40 12,857.12 11,768.88 10,111.29 8,834.41 Share Capital 40.00 39.98 39.97 39.96 39.96 39.95 39.95 39.94 39.94 39.94 Total Reserves 19,722.99 17,900.57 16,629.49 15,718.51 15,139.43 14,081.01 12,807.58 11,722.20 10,067.45 8,793.18 Non-Current Liabilities 2,705.74 2,294.54 1,872.82 1,654.80 1,770.24 1,710.29 2,245.16 2,073.55 1,571.72 1,251.01 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 1,928.13 1,570.09 1,136.87 974.15 1,090.30 1,195.79 1,708.65 1,561.89 1,157.38 1,028.48 Current Liabilities 6,846.55 6,544.26 5,623.98 5,072.38 6,110.22 3,976.06 4,130.36 4,343.32 4,093.33 3,448.32 Trade Payables 5,566.14 5,528.15 4,704.46 4,260.34 5,204.61 3,030.51 3,355.28 3,318.81 3,247.27 2,650.56 Other Current Liabilities 1,063.66 861.97 743.83 651.62 745.24 798.99 716.05 964.72 807.05 768.10 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 216.75 154.14 175.69 160.42 160.37 146.56 59.03 59.79 39.01 29.66 Total Liabilities 29,359.14 26,824.98 24,201.89 22,510.10 23,078.89 19,822.75 19,232.64 18,185.75 15,776.34 13,533.74 Net Block 5,901.40 5,834.03 5,761.42 5,806.48 5,988.41 6,117.08 4,618.58 4,654.54 4,395.59 3,584.35 Gross Block 16,538.25 15,786.18 15,194.19 14,665.72 14,324.48 13,865.39 11,628.23 11,134.41 10,377.22 9,126.33 Accumulated Depreciation 10,636.85 9,952.15 9,432.77 8,859.24 8,336.07 7,748.31 7,009.65 6,479.87 5,981.63 5,541.98 Non Current Assets 16,522.54 17,028.96 15,165.10 12,395.14 12,126.10 11,534.19 11,117.00 9,337.57 8,323.16 7,382.52 Capital Work in Progress 492.48 480.51 463.79 458.20 436.59 341.27 541.86 318.39 465.05 605.40 Non Current Investment 8,298.97 8,811.58 7,372.48 4,814.66 4,308.18 3,528.17 2,801.51 1,934.08 1,349.00 1,111.91 Long Term Loans & Adv. 1,823.68 1,744.43 1,389.34 1,305.91 1,386.74 1,542.62 2,906.70 2,183.65 1,865.14 1,828.56 Other Non Current Assets 6.01 158.41 178.07 9.89 6.18 5.05 248.35 246.91 248.38 252.30 Current Assets 12,836.60 9,796.02 9,036.79 10,114.96 10,952.79 8,288.56 8,115.64 8,848.18 7,453.18 6,151.22 Current Investments 6,610.60 4,274.52 3,637.88 5,837.66 6,191.49 4,694.48 3,167.10 5,591.12 4,540.85 3,469.11 Inventories 1,457.61 1,443.76 1,434.09 1,122.65 1,469.55 1,091.97 1,072.37 823.58 656.31 672.98 Sundry Debtors 3,674.43 2,703.44 2,798.21 2,304.27 2,426.76 1,603.14 2,821.57 1,520.18 1,561.87 1,282.80 Cash & Bank 353.15 608.93 345.50 175.12 257.15 241.86 136.46 141.34 136.73 131.36 Other Current Assets 740.81 367.29 617.57 559.02 607.84 657.11 918.14 771.96 557.42 594.97 Short Term Loans & Adv. 509.50 398.08 203.54 116.24 186.21 216.28 192.61 149.42 235.98 473.30 Net Current Assets 5,990.05 3,251.76 3,412.81 5,042.58 4,842.57 4,312.50 3,985.28 4,504.86 3,359.85 2,702.90 Total Assets 29,359.14 26,824.98 24,201.89 22,510.10 23,078.89 19,822.75 19,232.64 18,185.75 15,776.34 13,533.74

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 4,181.90 4,906.53 2,579.08 2,020.27 4,172.70 5,410.10 979.05 3,980.86 4,028.02 3,849.14 PBT 6,127.81 5,258.36 3,874.56 3,250.13 3,900.38 4,573.69 5,010.73 5,244.16 3,377.12 3,160.19 Adjustment -78.24 -112.31 137.23 221.44 178.19 177.97 -61.37 70.92 1,438.10 1,414.94 Changes in Working Capital -333.61 1,074.68 -583.16 -682.49 1,070.03 1,202.74 -1,918.86 160.06 399.28 377.24 Cash after chg. in Working capital 5,715.96 6,220.73 3,428.63 2,789.08 5,148.60 5,954.40 3,030.50 5,475.14 5,214.50 4,952.37 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -1,534.06 -1,314.20 -849.55 -768.81 -975.90 -544.30 -2,051.45 -1,494.28 -1,186.48 -1,103.23 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 -1,585.78 -1,801.88 -468.81 -151.94 -2,209.90 -2,883.10 1,321.23 -1,915.22 -1,943.94 -2,206.19 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 1,001.73 882.57 423.29 363.56 621.53 1,407.51 481.93 330.66 475.43 127.24 Cash from Financing Activity -2,846.93 -2,733.13 -2,040.58 -1,938.87 -1,941.49 -2,419.77 -2,293.98 -2,046.66 -2,095.63 -1,686.69 Net Cash Inflow / Outflow -250.81 371.52 69.69 -70.54 21.31 107.23 6.30 18.98 -11.55 -43.74 Opening Cash & Equivalents 539.89 168.37 98.68 169.22 147.91 40.68 34.38 15.40 26.95 70.69 Closing Cash & Equivalent 289.08 539.89 168.37 98.68 169.22 147.91 40.68 34.38 15.40 26.95

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.) 988.15 897.48 834.10 788.71 759.73 706.93 643.18 588.99 506.13 442.32 ROA 16.41% 15.55% 12.46% 10.85% 13.82% 18.61% 18.09% 21.77% 23.04% 26.35% ROE 24.45% 22.93% 17.95% 15.99% 20.23% 26.94% 27.51% 33.81% 35.66% 41.11% ROCE 32.53% 30.42% 23.97% 21.15% 26.74% 34.05% 40.76% 47.99% 49.24% 57.75% Fixed Asset Turnover 2.57 2.46 2.31 2.05 2.22 2.26 2.96 3.06 3.17 3.56 Receivable days 28.03 26.37 27.03 29.03 23.51 28.00 23.55 17.11 16.82 15.89 Inventory Days 12.75 13.79 13.54 15.90 14.95 13.70 10.28 8.22 7.86 8.85 Payable days 75.08 73.57 68.63 83.03 69.06 47.39 43.22 45.44 46.79 42.17 Cash Conversion Cycle -34.30 -33.41 -28.06 -38.10 -30.60 -5.69 -9.39 -20.11 -22.12 -17.44 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 308.62 285.24 196.00 126.97 179.59 208.71 583.64 840.07 770.99 907.93

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

Top Investors:

life insurance corporation of india

kotak flexicap fund

icici prudential large cap fund

government pension fund global

nps trust- a/c hdfc pension fund management limited

wgi emerging markets fund, llc

mirae asset large & midcap fund

bnp paribas financial market

investor education and protection fund (iepf)

Annual Reports:

News Update:

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
Hero MotoCorp enters into UK market in partnership with MotoGB
23rd Oct 2025, 17:50 PM

The partnership plans to expand to 35 plus locations by 2026, ensuring greater accessibility for customers nationwide
Read More
Hero MotoCorp enters into Spanish market in partnership with Noria Motos
16th Oct 2025, 12:00 PM

This expansion marks Hero MotoCorp’s entry into its 50th international market, while strengthening its presence in Europe
Read More

Hero MotoCorp Ltd.

Automobile Two & Three Wheelers

BSE: 500182 | NSE: HEROMOTOCO

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Hero MotoCorp Ltd.

Automobile Two & Three Wheelers

BSE: 500182 | NSE: HEROMOTOCO

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: