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

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,10,189.08
18.36
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,09,680.01
3.36%
4.71

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

5.18
9.92
7.85

EBITDA CAGR (%)

10 Years
5 Years
3 Years

4.11
15.41
5.73

PAT CAGR (%)

10 Years
5 Years
3 Years

4.82
19.90
15.31

P:E (Median)

8 Years
5 Years
3 Years

19.84
20.67
21.08

P:BV (Average)

8 Years
5 Years
3 Years

4.11
4.26
4.92

EV:EBITDA (Average)

8 Years
5 Years
3 Years

12.59
13.36
14.21

Earnings Forecasts:

(Updated: 31-10-2026)

Description 2026 2027 2028 2029
Adj EPS 287.01 289.67 320.36 329.17
P/E Ratio 19.21 19.04 17.21 16.75
Revenue 47411.2 52.7 57.5 63278.8
EBITDA 7045.13 7380.16 8388.99 9051.19
Net Income 5741.73 5815.1 6381.57 6586.55
ROA 18.57 17.28 17.79 18.24
P/B Ratio 5.11 4.68 4.26 3.95
ROE 28.09 25.42 26.18 26.22
FCFF 7458.59 4469.55 5853.55 6300.6
FCFF Yield 8.23 4.93 6.46 6.95
Net Debt -12162.7 -16842.8 -14187.5 -19875.9
BVPS 1080.07 1177.85 1294.38 1395.12

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 26 Sep 25 Var% Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var%
Net Sales 14,687.43 12,126.37 21.12% 12,998.82 9,578.86 35.70% 12,796.53 9,938.65 28.76% 12,328.38 10,210.78 20.74%
Expenses 12,719.79 10,302.93 23.46% 11,272.26 8,197.15 37.51% 10,940.97 8,523.10 28.37% 10,518.33 8,734.30 20.43%
EBITDA 1,967.64 1,823.44 7.91% 1,726.56 1,381.71 24.96% 1,855.56 1,415.55 31.08% 1,810.05 1,476.48 22.59%
EBIDTM 13.40% 15.04% 13.28% 14.42% 14.50% 14.24% 14.68% 14.46%
Other Income 193.79 232.84 -16.77% 440.89 303.67 45.19% 208.63 223.70 -6.74% 295.87 317.51 -6.82%
Interest 6.13 5.65 8.50% 6.28 5.61 11.94% 5.54 4.73 17.12% 5.96 5.45 9.36%
Depreciation 216.29 196.95 9.82% 205.31 192.77 6.51% 203.86 192.07 6.14% 204.42 196.90 3.82%
PBT 1,939.01 1,853.68 4.60% 1,955.86 1,487.00 31.53% 1,854.79 1,442.45 28.59% 1,776.54 1,591.64 11.62%
Tax 482.79 460.85 4.76% 501.38 361.30 38.77% 453.66 361.51 25.49% 427.99 388.80 10.08%
PAT 1,456.22 1,392.83 4.55% 1,454.48 1,125.70 29.21% 1,401.13 1,080.94 29.62% 1,348.55 1,202.84 12.11%
PATM 9.91% 11.49% 11.19% 11.75% 10.95% 10.88% 10.94% 11.78%
EPS 72.77 69.61 4.54% 72.69 56.26 29.20% 70.02 54.02 29.62% 67.39 60.11 12.11%

Description Sep 26 Sep 25 Var% Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var%
Net Sales 14,970.50 12,218.39 22.52% 13,126.35 9,727.75 34.94% 12,978.28 9,969.81 30.18% 12,486.82 10,259.89 21.71%
Expenses 12,973.50 10,354.35 25.30% 11,380.24 8,314.85 36.87% 11,056.31 8,529.06 29.63% 10,640.60 8,752.17 21.58%
EBITDA 1,997.00 1,864.04 7.13% 1,746.11 1,412.90 23.58% 1,921.97 1,440.75 33.40% 1,846.22 1,507.72 22.45%
EBIDTM 13.34% 15.26% 13.30% 14.52% 14.81% 14.45% 14.79% 14.70%
Other Income 201.50 240.39 -16.18% 459.74 309.94 48.33% 210.04 274.19 -23.40% 297.76 306.42 -2.83%
Interest 22.73 19.25 18.08% 21.41 20.66 3.63% 18.72 16.93 10.57% 19.64 16.55 18.67%
Depreciation 231.76 210.27 10.22% 219.83 205.61 6.92% 220.50 204.14 8.01% 218.61 208.91 4.64%
PBT 1,944.01 1,874.91 3.69% 1,964.61 1,496.57 31.27% 1,892.79 1,493.87 26.70% 1,786.73 1,588.68 12.47%
Tax 500.84 455.90 9.86% 502.79 420.36 19.61% 366.60 396.16 -7.46% 417.02 388.56 7.32%
PAT 1,443.17 1,419.01 1.70% 1,461.82 1,076.21 35.83% 1,526.19 1,097.71 39.03% 1,369.71 1,200.12 14.13%
PATM 9.64% 11.61% 11.14% 11.06% 11.76% 11.01% 10.97% 11.70%
EPS 93.00 65.43 42.14% 70.58 85.26 -17.22% 72.96 58.07 25.64% 63.35 55.38 14.39%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 52,811.16 46,830.14 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 Net Sales Growth 26.18% 14.90% 8.81% 10.80% 15.59% -5.05% 6.81% -14.31% 4.41% 13.09% Cost Of Goods Sold 36,914.26 31,459.44 26,966.85 25,382.03 23,839.93 20,804.64 21,750.10 19,682.55 23,308.50 21,832.71 19,028.49 Gross Profit 15,896.90 15,370.70 13,789.52 12,073.69 9,965.72 8,440.83 9,050.52 9,153.54 10,342.04 10,397.78 9,471.97 GP Margin 30.10% 32.82% 33.83% 32.23% 29.48% 28.86% 29.38% 31.74% 30.73% 32.26% 33.23% Total Expenditure 45,451.35 40,160.36 35,107.82 32,358.37 29,943.76 25,978.84 26,878.35 25,059.42 28,846.80 27,027.89 23,914.65 Power & Fuel Cost - 140.99 127.85 118.00 112.96 108.53 112.91 132.22 157.48 138.77 112.62 % Of Sales - 0.30% 0.31% 0.32% 0.33% 0.37% 0.37% 0.46% 0.47% 0.43% 0.40% Employee Cost - 2,381.76 2,280.07 2,087.44 1,904.50 1,710.53 1,686.79 1,636.25 1,531.64 1,387.18 1,278.94 % Of Sales - 5.09% 5.59% 5.57% 5.63% 5.85% 5.48% 5.67% 4.55% 4.30% 4.49% Manufacturing Exp. - 1,094.32 1,037.47 911.27 762.33 650.35 608.06 705.82 704.05 641.72 684.36 % Of Sales - 2.34% 2.55% 2.43% 2.26% 2.22% 1.97% 2.45% 2.09% 1.99% 2.40% General & Admin Exp. - 137.39 119.35 125.41 132.71 128.56 118.80 87.92 110.64 157.51 302.09 % Of Sales - 0.29% 0.29% 0.33% 0.39% 0.44% 0.39% 0.30% 0.33% 0.49% 1.06% Selling & Distn. Exp. - 2,701.38 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 % Of Sales - 5.77% 5.63% 5.38% 5.40% 5.68% 5.03% 5.78% 5.94% 6.09% 6.06% Miscellaneous Exp. - 2,245.08 2,282.01 1,718.34 1,366.19 915.31 1,053.06 1,147.37 1,034.11 906.25 1,725.86 % Of Sales - 4.79% 5.60% 4.59% 4.04% 3.13% 3.42% 3.98% 3.07% 2.81% 2.74% EBITDA 7,359.81 6,669.78 5,648.55 5,097.35 3,861.89 3,266.63 3,922.27 3,776.67 4,803.74 5,202.60 4,585.81 EBITDA Margin 13.94% 14.24% 13.86% 13.61% 11.42% 11.17% 12.73% 13.10% 14.28% 16.14% 16.09% Other Income 1,139.18 1,041.01 1,097.12 892.55 565.16 556.91 579.85 778.34 691.25 525.82 522.43 Interest 23.91 22.76 19.92 18.50 19.87 25.80 21.84 22.02 8.60 6.25 6.05 Depreciation 829.88 597.02 597.94 553.05 532.62 547.61 579.90 636.67 475.66 478.01 443.73 PBT 7,526.20 7,091.01 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 Tax 1,865.82 1,703.80 1,517.86 1,290.40 963.98 777.11 936.18 940.43 1,625.86 1,546.80 1,281.34 Tax Rate 24.79% 24.44% 24.77% 24.54% 24.88% 23.91% 24.00% 20.56% 32.45% 29.50% 27.51% PAT 5,660.38 5,268.21 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 PAT before Minority Interest 5,660.38 5,268.21 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 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 10.72% 11.25% 11.31% 10.59% 8.61% 8.46% 9.62% 12.60% 10.06% 11.47% 11.85% PAT Growth 17.87% 14.28% 16.18% 36.33% 17.69% -16.57% -18.41% 7.34% -8.45% 9.48% EPS 282.88 263.28 230.38 198.30 145.46 123.59 148.14 181.57 169.16 184.78 168.77

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 53,561.95 47,411.24 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 Net Sales Growth 27.00% 15.85% 8.30% 10.63% 15.59% -4.55% 5.83% -13.89% 4.66% 13.45% Cost Of Goods Sold 37,079.56 31,575.88 26,806.11 25,460.70 23,925.84 20,898.27 21,731.38 19,816.09 23,435.20 21,885.82 19,108.76 Gross Profit 16,482.39 15,835.36 14,117.31 12,327.92 10,232.54 8,653.01 9,227.81 9,437.88 10,535.62 10,572.55 9,501.67 GP Margin 30.77% 33.40% 34.50% 32.62% 29.96% 29.28% 29.81% 32.26% 31.01% 32.57% 33.21% Total Expenditure 46,050.65 40,567.09 35,155.50 32,609.56 30,188.95 26,208.65 26,956.65 25,374.34 29,078.74 27,133.32 24,034.46 Power & Fuel Cost - 144.83 131.13 120.18 114.56 109.72 113.89 132.96 158.12 139.84 112.84 % Of Sales - 0.31% 0.32% 0.32% 0.34% 0.37% 0.37% 0.45% 0.47% 0.43% 0.39% Employee Cost - 2,496.28 2,364.93 2,154.09 1,961.08 1,768.10 1,734.93 1,683.87 1,579.37 1,583.71 1,432.49 % Of Sales - 5.27% 5.78% 5.70% 5.74% 5.98% 5.60% 5.76% 4.65% 4.88% 5.01% Manufacturing Exp. - 1,120.91 1,059.14 928.08 779.16 661.07 627.31 712.40 705.16 647.46 689.59 % Of Sales - 2.36% 2.59% 2.46% 2.28% 2.24% 2.03% 2.44% 2.08% 1.99% 2.41% General & Admin Exp. - 149.87 128.47 134.10 139.16 133.22 123.49 91.51 113.04 161.35 306.45 % Of Sales - 0.32% 0.31% 0.35% 0.41% 0.45% 0.40% 0.31% 0.33% 0.50% 1.07% Selling & Distn. Exp. - 2,804.75 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 % Of Sales - 5.92% 5.75% 5.45% 5.45% 5.75% 5.06% 5.78% 5.98% 6.10% 6.09% Miscellaneous Exp. - 2,274.57 2,312.36 1,752.84 1,407.14 939.53 1,059.05 1,246.77 1,056.87 733.71 1,741.64 % Of Sales - 4.80% 5.65% 4.64% 4.12% 3.18% 3.42% 4.26% 3.11% 2.26% 2.25% EBITDA 7,511.30 6,844.15 5,767.92 5,179.06 3,969.43 3,342.63 4,002.54 3,879.63 4,892.08 5,325.05 4,575.97 EBITDA Margin 14.02% 14.44% 14.09% 13.71% 11.62% 11.31% 12.93% 13.26% 14.40% 16.41% 15.99% Other Income 1,169.04 1,058.13 1,044.08 866.75 569.01 555.01 557.90 730.56 686.73 523.17 521.95 Interest 82.50 78.27 70.65 76.37 104.88 53.10 46.41 46.64 37.18 30.80 27.28 Depreciation 890.70 654.01 646.67 599.00 573.05 587.38 618.15 664.47 498.09 574.98 502.25 PBT 7,588.14 7,170.00 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 Tax 1,787.25 1,659.88 1,557.75 1,348.04 1,063.72 729.06 913.27 951.67 1,637.95 1,569.93 1,339.10 Tax Rate 23.55% 23.54% 25.56% 25.87% 27.55% 22.38% 23.44% 20.79% 32.48% 29.95% 29.31% PAT 5,800.89 5,741.73 4,378.48 3,744.83 2,809.96 2,316.88 2,917.75 3,638.11 3,444.09 3,720.40 3,584.27 PAT before Minority Interest 5,774.58 5,775.70 4,375.81 3,742.16 2,799.90 2,329.05 2,936.05 3,659.41 3,466.35 3,722.17 3,546.30 Minority Interest -26.31 -33.97 2.67 2.67 10.06 -12.17 -18.30 -21.30 -22.26 -1.77 37.97 PAT Margin 10.83% 12.11% 10.70% 9.91% 8.23% 7.84% 9.42% 12.44% 10.14% 11.46% 12.53% PAT Growth 21.03% 31.14% 16.92% 33.27% 21.28% -20.59% -19.80% 5.63% -7.43% 3.80% EPS 289.90 286.94 218.81 187.15 140.43 115.79 145.81 181.81 172.12 185.93 179.12

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 21,578.09 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 Share Capital 40.02 40.00 39.98 39.97 39.96 39.96 39.95 39.95 39.94 39.94 Total Reserves 21,495.92 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 Non-Current Liabilities 1,521.13 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 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 689.96 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 Current Liabilities 10,668.40 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 Trade Payables 7,518.77 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 Other Current Liabilities 1,232.47 1,063.66 861.97 743.83 651.62 745.24 798.99 716.05 964.72 807.05 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 1,917.16 216.75 154.14 175.69 160.42 160.37 146.56 59.03 59.79 39.01 Total Liabilities 33,767.62 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 Net Block 5,965.55 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 Gross Block 17,216.12 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 Accumulated Depreciation 11,250.57 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 Non Current Assets 14,130.58 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 Capital Work in Progress 744.19 492.48 480.51 463.79 458.20 436.59 341.27 541.86 318.39 465.05 Non Current Investment 7,221.97 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 Long Term Loans & Adv. 192.91 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 Other Non Current Assets 5.96 6.01 158.41 178.07 9.89 6.18 5.05 248.35 246.91 248.38 Current Assets 19,637.04 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 Current Investments 12,174.97 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 Inventories 1,858.22 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 Sundry Debtors 2,593.20 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 Cash & Bank 603.65 353.15 608.93 345.50 175.12 257.15 241.86 136.46 141.34 136.73 Other Current Assets 2,407.00 231.31 367.29 617.57 675.26 607.84 657.11 918.14 771.96 557.42 Short Term Loans & Adv. 2,217.72 509.50 398.08 203.54 116.24 186.21 216.28 192.61 167.38 347.53 Net Current Assets 8,968.64 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 Total Assets 33,767.62 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

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 21,611.19 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 Share Capital 40.02 40.00 39.98 39.97 39.96 39.96 39.95 39.95 39.94 39.94 Total Reserves 21,529.02 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 Non-Current Liabilities 1,737.24 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 Secured Loans 0.00 0.00 0.00 0.20 0.00 0.12 0.24 0.33 10.21 68.03 Unsecured Loans 0.00 0.00 0.00 19.89 36.17 45.06 43.78 124.51 139.42 139.87 Long Term Provisions 698.01 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 Current Liabilities 11,427.47 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 Trade Payables 7,676.27 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 Other Current Liabilities 1,287.09 1,098.07 922.49 793.25 698.74 779.37 825.88 727.55 970.44 827.84 Short Term Borrowings 498.55 456.76 343.54 266.55 296.65 285.16 165.88 183.68 75.37 40.08 Short Term Provisions 1,965.56 221.49 159.44 192.68 179.15 175.82 159.69 59.71 60.29 42.57 Total Liabilities 34,975.73 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 Net Block 6,373.57 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 Gross Block 17,981.24 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 Accumulated Depreciation 11,607.67 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 Non Current Assets 14,548.06 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 Capital Work in Progress 764.96 487.18 484.06 453.71 517.22 495.13 391.33 572.82 355.48 580.96 Non Current Investment 7,081.53 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 Long Term Loans & Adv. 321.94 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 Other Non Current Assets 6.06 6.03 159.12 178.09 9.91 6.21 5.06 282.19 246.91 248.38 Current Assets 20,427.67 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 Current Investments 12,204.83 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 Inventories 2,650.09 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 Sundry Debtors 2,339.85 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 Cash & Bank 766.70 574.08 696.47 422.80 299.74 396.24 435.41 303.90 237.57 195.39 Other Current Assets 2,466.20 263.50 509.58 628.44 771.27 684.95 710.44 940.79 783.89 570.73 Short Term Loans & Adv. 2,273.24 565.69 418.20 236.38 198.50 254.17 258.49 214.23 174.87 360.50 Net Current Assets 9,000.20 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 Total Assets 34,975.73 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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 8,314.92 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 PBT 6,972.01 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 Adjustment -125.23 -78.24 -112.31 137.23 221.44 178.19 177.97 -61.37 70.92 1,438.10 Changes in Working Capital 2,583.78 -333.61 1,074.68 -583.16 -682.49 1,070.03 1,202.74 -1,918.86 160.06 399.28 Cash after chg. in Working capital 9,430.56 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 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -1,115.64 -1,534.06 -1,314.20 -849.55 -768.81 -975.90 -544.30 -2,051.45 -1,494.28 -1,186.48 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 -4,505.49 -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 Net Fixed Assets -929.58 -764.04 -608.71 -534.06 -362.85 -554.41 -2,036.57 -717.29 -610.53 -1,111.44 Net Investments -4,487.37 -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 Others 911.46 1,001.73 882.57 423.29 363.56 621.53 1,407.51 481.93 330.66 476.33 Cash from Financing Activity -3,566.92 -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 Net Cash Inflow / Outflow 242.51 -250.81 371.52 69.69 -70.54 21.31 107.23 6.30 18.98 -11.55 Opening Cash & Equivalents 289.08 539.89 168.37 98.68 169.22 147.91 40.68 34.38 15.40 26.95 Closing Cash & Equivalent 531.59 289.08 539.89 168.37 98.68 169.22 147.91 40.68 34.38 15.40

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 8,314.62 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 PBT 7,435.58 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 Adjustment -328.93 171.68 154.87 226.97 498.14 257.63 264.37 -55.81 90.31 185.85 Changes in Working Capital 2,374.73 -242.70 1,007.17 -620.19 -668.47 937.72 1,195.46 -1,945.76 197.46 439.97 Cash after chg. in Working capital 9,481.38 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 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -1,166.76 -1,565.15 -1,329.17 -856.56 -784.08 -980.78 -552.78 -2,070.46 -1,513.00 -1,187.02 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 -4,477.77 -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 Net Fixed Assets -929.58 -764.04 -608.71 -534.06 -362.85 -554.41 -2,036.57 -717.29 -610.53 -1,111.44 Net Investments -4,487.37 -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 Others 939.18 884.15 856.58 470.77 293.53 542.11 1,471.47 458.34 387.67 448.32 Cash from Financing Activity -3,533.69 -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 Net Cash Inflow / Outflow 303.16 -221.36 378.61 45.28 -93.60 -30.69 97.19 77.51 56.55 -0.62 Opening Cash & Equivalents 383.55 604.91 226.30 181.02 274.62 305.31 208.12 130.61 74.06 74.68 Closing Cash & Equivalent 686.71 383.55 604.91 226.30 181.02 274.62 305.31 208.12 130.61 74.06

Financial Ratios

Consolidated /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 1076.26 988.15 897.48 834.10 788.71 759.73 706.93 643.18 588.99 506.13 ROA 16.69% 16.41% 15.55% 12.46% 10.85% 13.82% 18.61% 18.09% 21.77% 23.04% ROE 25.51% 24.45% 22.93% 17.95% 15.99% 20.23% 26.94% 27.51% 33.81% 35.66% ROCE 33.80% 32.53% 30.42% 23.97% 21.15% 26.74% 34.05% 40.76% 47.99% 49.24% Fixed Asset Turnover 2.82 2.57 2.46 2.31 2.05 2.22 2.26 2.96 3.06 3.17 Receivable days 24.03 28.03 26.37 27.03 29.03 23.51 28.00 23.55 17.11 16.82 Inventory Days 12.71 12.75 13.79 13.54 15.90 14.95 13.70 10.28 8.22 7.86 Payable days 75.91 75.08 73.57 68.63 83.03 69.06 47.39 43.22 45.44 46.79 Cash Conversion Cycle -39.16 -34.30 -33.41 -28.06 -38.10 -30.60 -5.69 -9.39 -20.11 -22.12 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 307.33 308.62 285.24 196.00 126.97 179.59 208.71 583.64 840.07 770.99

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 1077.91 961.41 883.11 831.62 791.90 770.64 720.44 656.36 599.13 516.36 ROA 17.82% 15.28% 14.30% 11.62% 9.84% 13.32% 17.74% 17.49% 20.84% 21.35% ROE 28.31% 23.73% 21.84% 17.26% 14.92% 20.03% 26.36% 27.16% 32.97% 33.74% ROCE 35.92% 31.78% 29.50% 23.93% 19.47% 25.96% 32.96% 39.64% 46.31% 46.79% Fixed Asset Turnover 2.74 2.48 2.39 2.25 2.00 2.16 2.22 2.89 3.00 3.11 Receivable days 21.66 26.31 25.41 25.57 26.90 21.98 26.56 22.41 16.42 16.69 Inventory Days 17.66 16.50 16.68 16.93 19.79 17.83 15.79 11.88 9.21 8.66 Payable days 77.31 77.09 74.42 69.44 83.90 70.43 48.25 43.72 45.58 46.92 Cash Conversion Cycle -37.99 -34.28 -32.33 -26.94 -37.21 -30.63 -5.90 -9.43 -19.94 -21.56 Total Debt/Equity 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.02 0.02 0.03 Interest Cover 96.00 84.99 67.65 37.84 58.59 84.94 99.12 136.65 171.21 168.46

Top Investors:

life insurance corporation of india

kotak flexicap fund

nps trust- a/c hdfc pension fund management limited scheme e - tier i

government pension fund global

mirae asset large & midcap fund

wgi emerging markets fund, llc

icici prudential large cap fund

investor education and protection fund (iepf)

Annual Reports:

News Update:

Hero MotoCorp reports 16% growth in dispatches in October 2026
2nd Nov 2026, 09:16 AM

The company’s Global Business recorded dispatches of 29,319 units during the month, compared to 30,979 units in October 2025
Read More
Hero MotoCorp gets nod to invest up to Rs 300 crore in HMCL Netherlands B.V
29th Oct 2026, 10:44 AM

The proposed additional investment is for the subsidiary companies of HNBV -- HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil
Read More
Hero MotoCorp’s consolidated net profit grows 42% in Q2
29th Oct 2026, 10:29 AM

The total consolidated income of the company has increased by 21.78% at Rs 15,172.00 crore for Q2FY27
Read More
Hero MotoCorp launches all-new Xtreme 160R 4V, refreshed Xtreme 250R
17th Oct 2026, 11:11 AM

Bookings for both motorcycles opens from October 17, 2026 and deliveries commence from November 1, 2026
Read More
Hero MotoCorp reports 12% growth in total sales in September
5th Oct 2026, 15:27 PM

The company's domestic ICE business recorded a growth of 12.37% with dispatches of 7,10,436 units in September 2026
Read More
Hero MotoCorp reports around 3% rise in total sales in August
2nd Sep 2026, 10:47 AM

The company's domestic ICE business recorded dispatches 5,16,747 units in August 2026
Read More
Hero MotoCorp gets nod to purchase additional stake in Ather Energy
28th Aug 2026, 10:51 AM

The Committee of Directors of Company at its meeting held on August 27, 2026, has approved the same
Read More
Hero MotoCorp reports 17% decline in Q1 consolidated net profit
7th Aug 2026, 10:58 AM

Consolidated total income of the company increased by 35.35% to Rs 13,586.09 crore in Q1FY27
Read More
Hero MotoCorp's VIDA introduces VIDA EVOOTER VX2 Go FB
31st Jul 2026, 18:27 PM

Powered by a 3.1 kWh fixed battery, the VIDA EVOOTER VX2 Go FB offers an IDC-certified range of 128 km
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: