Automobile and Auto Components · NIFTY 500
Hero MotoCorp Limited
NSEHEROMOTOCO
BSE500182 ISININE158A01026 SeriesEQ Listed on NSE · BSE
₹5,342.00 -3.00 (-0.06%) Updated 12 Nov, 8:49 pm IST
Price, daily close+3.84% in a year
Today
- Open
- ₹5,320.00
- Prev close
- ₹5,345.00
- Day high
- ₹5,385.50
- Day low
- ₹5,288.00
- Volume
- 5.30 L
- Value traded
- ₹282.70 Cr
- Upper circuit
- ₹5,487.50
- Lower circuit
- ₹5,168.50
- 52W high
- ₹6,388.50
- 52W low
- ₹4,671.50
- 1 month
- +13.52%
- 6 months
- +5.44%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹106,920 Cr
P/E (TTM)17.83
P/B4.57
Book value / share₹1,169.58
EPS (TTM)₹299.65
ROE25.6%
Dividend yield3.46%
Dividend (12m)₹185.00 / share
Net margin (TTM)11.2%
Operating margin13.3%
Debt / equity0.03
Current ratio1.44
EV / EBITDA14.41
Sales growth (YoY qtr)+22.52%
Profit growth (YoY qtr)+42.21%
Sales CAGR 3Y+11.55%
Profit CAGR 3Y+27.05%
Shares20.02 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—-1.7%+6.2%+2.7%-2.1%-2.8%-2.4%+26%+2.2%+3.9%+1.1%+14%
Revenue · YoY (vs a year ago)
————+4.8%+3.7%-4.7%+17%+22%+30%+35%+23%
Net profit · QoQ (vs last quarter)
—-14%+12%+1.7%+4.1%+4.9%+47%-23%-3.2%+15%-3.3%+32%
Net profit · YoY (vs a year ago)
————+1.3%+24%+63%+23%+14%+26%-17%+42%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+1.3%+24%+63%+23%+14%+26%-17%+42%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,788 | 9,617 | 10,211 | 10,483 | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 | 14,971 |
| Other income | 244 | 177 | 225 | 239 | 306 | 274 | 310 | 240 | 298 | 210 | 460 | 202 |
| Total income | 10,031 | 9,794 | 10,436 | 10,722 | 10,566 | 10,244 | 10,038 | 12,459 | 12,785 | 13,188 | 13,586 | 15,172 |
| Raw material | 6,506 | 6,110 | 6,617 | 6,919 | 6,613 | 6,458 | 6,353 | 8,067 | 8,253 | 8,513 | 9,315 | 10,187 |
| Purchases | 2.3 | 127 | 122 | 146 | 145 | 136 | 148 | 191 | 246 | 212 | 222 | 297 |
| Employee cost | 618 | 663 | 628 | 673 | 683 | 696 | 649 | 726 | 754 | 701 | 758 | 809 |
| Other expenses | 1,230 | 1,231 | 1,252 | 1,348 | 1,396 | 1,391 | 1,218 | 1,548 | 1,573 | 1,519 | 1,346 | 1,511 |
| Total expenses | 8,620 | 8,427 | 8,974 | 9,171 | 8,978 | 8,750 | 8,541 | 10,584 | 10,879 | 11,296 | 11,621 | 13,228 |
| Operating profit | 1,385 | 1,394 | 1,461 | 1,536 | 1,508 | 1,441 | 1,413 | 1,864 | 1,727 | 1,922 | 1,746 | 1,997 |
| OPM % | 14.1% | 14.5% | 14.3% | 14.7% | 14.7% | 14.5% | 14.5% | 15.3% | 13.8% | 14.8% | 13.3% | 13.3% |
| Finance cost | 22.7 | 7.6 | 18.9 | 18.3 | 16.6 | 16.9 | 20.7 | 19.3 | 19.6 | 18.7 | 21.4 | 22.7 |
| Depreciation | 194 | 197 | 205 | 206 | 209 | 204 | 206 | 210 | 219 | 221 | 220 | 232 |
| Exceptional items | — | — | — | — | — | — | — | — | -119 | — | — | — |
| Profit before tax | 1,412 | 1,367 | 1,462 | 1,550 | 1,589 | 1,494 | 1,497 | 1,875 | 1,787 | 1,893 | 1,965 | 1,944 |
| Tax | 365 | 349 | 375 | 398 | 389 | 396 | 420 | 456 | 417 | 367 | 503 | 501 |
| Net profit | 1,091 | 943 | 1,032 | 1,066 | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 | 1,861 |
| Profit to shareholders | 1,093 | 935 | 1,046 | 1,064 | 1,108 | 1,161 | 1,705 | 1,309 | 1,268 | 1,460 | 1,412 | 1,861 |
| EPS (₹) | 54.59 | 46.70 | 52.21 | 53.08 | 55.31 | 58.01 | 85.17 | 65.34 | 63.30 | 72.91 | 70.53 | 92.91 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-14%+5.8%-4.5%+16%+11%+8.3%+16%
Net profit · YoY (vs a year ago)
—+5.6%-20%-21%+21%+34%+17%+31%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33,972 | 29,255 | 30,959 | 29,551 | 34,158 | 37,789 | 40,923 | 47,411 |
| Other income | 687 | 731 | 558 | 555 | 569 | 855 | 1,044 | 1,058 |
| Total expenses | 29,615 | 26,087 | 27,621 | 26,849 | 30,867 | 33,273 | 35,873 | 41,299 |
| Employee cost | 1,778 | 1,889 | 1,951 | 1,996 | 2,250 | 2,472 | 2,680 | 2,829 |
| Operating profit | 5,018 | 4,738 | 4,100 | 3,445 | 4,094 | 5,190 | 5,946 | 6,926 |
| OPM % | 14.8% | 16.2% | 13.2% | 11.7% | 12.0% | 13.7% | 14.5% | 14.6% |
| Finance cost | 37.2 | 46.6 | 46.4 | 53.1 | 105 | 76.4 | 70.7 | 78.3 |
| Depreciation | 624 | 846 | 715 | 690 | 697 | 757 | 825 | 855 |
| Profit before tax | 5,044 | 4,576 | 3,896 | 3,257 | 3,861 | 5,210 | 6,095 | 7,051 |
| Tax | 1,638 | 952 | 913 | 729 | 1,064 | 1,348 | 1,558 | 1,660 |
| Tax rate % | 32.5% | 20.8% | 23.4% | 22.4% | 27.6% | 25.9% | 25.6% | 23.5% |
| Net profit | 3,466 | 3,659 | 2,936 | 2,329 | 2,800 | 3,742 | 4,376 | 5,776 |
| Profit to shareholders | 3,444 | 3,638 | 2,918 | 2,317 | — | 3,745 | 4,378 | 5,742 |
| Net margin % | 10.1% | 12.4% | 9.4% | 7.8% | 8.2% | 9.9% | 10.7% | 12.1% |
| EPS (₹) | 172.44 | 182.15 | 146.04 | 115.93 | 140.69 | 187.04 | 218.69 | 286.72 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+6.3%+8.9%+12%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 16,656 | 17,699 | 19,272 | 21,611 | 23,409 |
| Long-term borrowings | 20.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 293 | 363 | 457 | 499 | 589 |
| Total borrowings | 313 | 363 | 457 | 499 | 589 |
| Current liabilities | 6,013 | 7,048 | 7,476 | 9,904 | 12,164 |
| Fixed assets (PPE) | 5,159 | 5,213 | 5,219 | 5,325 | 6,316 |
| Inventories | 1,756 | 1,756 | 2,013 | 2,650 | 3,076 |
| Trade receivables | 2,719 | 2,630 | 3,381 | 2,340 | 3,248 |
| Cash & equivalents | 226 | 605 | 384 | 687 | 1,021 |
| Current assets | 9,435 | 10,315 | 13,434 | 18,905 | 17,484 |
| Total assets | 23,917 | 26,153 | 28,390 | 33,453 | 38,071 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+24%+88%-13%+93%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,104 | 2,614 | 4,923 | 4,297 | 8,315 |
| Cash from investing | -222 | -421 | -1,828 | -1,703 | -4,478 |
| Cash from financing | -1,975 | -2,147 | -2,717 | -2,815 | -3,534 |
| Spent on fixed assets | -570 | -604 | -788 | -857 | -1,100 |
| Free cash flow | 1,534 | 2,010 | 4,135 | 3,441 | 7,215 |
| Net cash flow | -93.6 | 45.3 | 379 | -221 | 303 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
34.7%promoter
- Promoter & group
- 34.72%
- Public (FIIs, mutual funds, retail…)
- 65.28%
- Promoter change, last quarter
- -0.01 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 75 Per Share
- 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
- Interim Dividend - Rs 65 Per Share
Board meetings
- HERO MOTOCORP LIMITED has informed the Exchange about Board Meeting to be held on 28-Oct-2026 to inter-alia consider and approve the Unaudited Financ…
- the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- HERO MOTOCORP LIMITED has informed the Exchange about Board Meeting to be held on 06-Aug-2026 to inter-alia consider and approve the Unaudited Financ…
- the financial results for the period ended Jun 30, 2026
- Dividend.
Filings with NSE
- Copy of Newspaper Publication
- Press Release
- Analysts/Institutional Investor Meet/Con. Call Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
- Press Release
- Acquisition
- Copy of Newspaper Publication
Latest news
HEROMOTOCO Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmHero MotoCorp share price falls 7%, biggest drop in a year after August sales dataMoneycontrol.com · 2 Sep, 12:30 pmHero MotoCorp Share Price Target 2027: 20.0% Upside and RisksUnivest · 10 Nov, 6:46 pmHero MotoCorp shares gain over 5% in two sessions post-Q1 show; brokerages see strong demand momentumET Auto · 10 Aug, 12:30 pmHero MotoCorp shares fall 6% after wholesales struggle, motorcycle sales drop in AugustCNBC TV18 · 2 Sep, 12:30 pmWhy is Hero MotoCorp stock rising today?Investing.com · 7 Aug, 12:30 pmHero MotoCorp rallies 4%, hits 8-month high; what's driving 2W stock price?Business Standard · 10 Aug, 12:30 pmWhy Hero MotoCorp shares fell 5% despite record dispatchesBusinessLine · 2 Sep, 12:30 pmAbout
About Hero MotoCorp Limited
Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. As of March 2024, it has a market share of about 30% in the Indian two-wheeler industry. The Munjal family, with its 34.75% stake, is the biggest shareholder in the company as of 2024.
From Wikipedia (CC BY-SA 4.0).
BRANDS
Company details
- Company name
- Hero MotoCorp Limited
- NSE symbol
- HEROMOTOCO
- BSE scrip code
- 500182
- ISIN
- INE158A01026
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 11 Apr 2003
- Face value
- ₹2 per share
- Market lot
- 1 share
- Shares issued
- 20.02 crore
- Index
- NIFTY 500
- Sector (NSE)
- Automobile and Auto Components
- Industry
- Motor Vehicles
- Managing director / CEO
- Harshavardhan Chitale
- Chair
- Pawan Munjal
- Headquarters
- New Delhi, Delhi, India
- Registered address
- The Grand Plaza, Plot No. 2, Nelson Mandela Road, Vasant Kunj - Phase-II, New Delhi - 110 070
- Founded
- 1984
- Employees
- 39,297
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- heromotocorp.com
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.