HERO MOTOCORP LIMITED·TWO WHEELERS 64.67·Automobiles Companies

Price

4,962.6

+2.61%
O:4913
H:4969
L:4868.4
C:4962.6

52W Range

41906388.5
+18%/-22%

Market Cap

₹99,296.55 Cr

Traded: ₹214.44 Cr (0.22%) 0.0x

Free Float: ₹9,413.31 Cr (2.28% of FF traded)

Volume · 60D trend

4.35 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-0% 3M:-9% 6M:-14% 12M:-11%

Valuation

P/E17.3
P/B4.6
P/S2.1
EV/EBIT15.1

Business Strength

ROE23.7%
ROCE31.2%
OPM14.2%
NPM10.7%

Growth (3Y CAGR)

EPS+16.9%
Sales+11.0%
Profit+24.0%
3Y Return+31.0%

Balance Sheet

Debt/Equity0.0
Debt448 Cr
Pledge0.0%
CWIP/Fixed Asset3.0%

Cash Position

CFO/NP98.2%
FCF3,463 Cr
FCF 3Y Avg9,662 Cr
Cash/MCap1.0%

Others

Div Yield3.8%
Div Payout75.0%
Cash Conv. Cycle-20 days
Tradeable Free Float9.5%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 276.14 Cr
2.93% FF
60d high
₹ 294.95 Cr
60d low
₹ 126.04 Cr
60d mean
₹ 215.54 Cr
vs mean
▲ 28.11%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+24.0%
+19.0%
+21.0%
--
--
Stable
Sales
+4.0%
+7.0%
+11.0%
--
+9.0%
Stable
Profit
+7.0%
+7.0%
+24.0%
--
+33.0%
Accelerating
Return
+7.0%
+10.0%
+31.0%
+51.0%
--
Accelerating

Quarterly Results

Mar 2026

5 May
Rev
13.0K Cr
+30% YoY+4% QoQ
OPM14.0%
NPM11.4%
PAT
+26% YoY1.5K Cr
EPS
+26% YoY73.0

Dec 2025

5 Feb
Rev
12.5K Cr
+22% YoY+2% QoQ
OPM14.0%
NPM10.2%
PAT
+22% YoY1.3K Cr
EPS
+14% YoY63.4

Sep 2025

Rev
12.2K Cr
+17% YoY+26% QoQ
OPM14.0%
NPM10.8%
PAT
+23% YoY1.3K Cr
EPS
+23% YoY65.4

Jun 2025

Rev
9.7K Cr
-5% YoY-2% QoQ
OPM15.0%
NPM17.5%
PAT
+63% YoY1.7K Cr
EPS
+63% YoY85.3

Mar 2025

Rev
10.0K Cr
+4% YoY-3% QoQ
OPM14.0%
NPM11.7%
PAT
+24% YoY1.2K Cr
EPS
+24% YoY58.1

Dec 2024

Rev
10.3K Cr
+5% YoY-2% QoQ
OPM14.0%
NPM10.8%
PAT
+1% YoY1.1K Cr
EPS
+1% YoY55.4

Sep 2024

Rev
10.5K Cr
+10% YoY+3% QoQ
OPM14.0%
NPM10.2%
PAT
+6% YoY1.1K Cr
EPS
+6% YoY53.2

Jun 2024

Rev
10.2K Cr
+15% YoY+6% QoQ
OPM14.0%
NPM10.1%
PAT
+27% YoY1.0K Cr
EPS
+47% YoY52.3

Mar 2024

Rev
9.6K Cr
+14% YoY-2% QoQ
OPM14.0%
NPM9.8%
PAT
+16% YoY943 Cr
EPS
+16% YoY46.8

Dec 2023

Rev
9.8K Cr
+21% YoY+3% QoQ
OPM14.0%
NPM11.2%
PAT
+51% YoY1.1K Cr
EPS
+51% YoY54.7

Sep 2023

Rev
9.5K Cr
+4% YoY+8% QoQ
OPM14.0%
NPM10.6%
PAT
+46% YoY1.0K Cr
EPS
+46% YoY50.4

Jun 2023

Rev
8.9K Cr
--+5% QoQ
OPM13.0%
NPM7.9%
PAT
+40% YoY701 Cr
EPS
--35.5

Mar 2023

Rev
8.4K Cr
--+4% QoQ
OPM13.0%
NPM9.6%
PAT
+32% YoY811 Cr
EPS
--40.3

Dec 2022

Rev
8.1K Cr
---11% QoQ
OPM12.0%
NPM8.9%
PAT
+3% YoY721 Cr
EPS
--36.3

Sep 2022

Rev
9.2K Cr
----
OPM12.0%
NPM7.5%
PAT
-8% YoY682 Cr
EPS
--34.5

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.03
Interest Coverage4.6x
Promoter Pledge0.0%
Borrowings718 Cr

Efficiency

Receivable Days30 days
Inventory Days27 days
Payable Days77 days
Cash Conversion cycle-20 days

Cash Position

Operating Cash Flow4.3K Cr
Investing Cash Flow-1.7K Cr
Financing Cash Flow-2.8K Cr
Free Cash Flow3.5K Cr

Detailed Financials

Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sep 2022
Sales12,97812,48712,2189,7289,97010,26010,48310,2119,6179,7889,5338,8518,4348,1189,158
Expenses11,10910,73510,4528,3158,5298,8449,0338,8048,2988,4038,1747,7347,3457,1778,096
Operating Profit1,8701,7521,7661,4131,4411,4161,4501,4071,3191,3851,3601,1171,0899421,062
OPM %14.0%14.0%14.0%15.0%14.0%14.0%14.0%14.0%14.0%14.0%14.0%13.0%13.0%12.0%12.0%
Other Income2101792409393453062392251772882136623826594
Interest19201921171718198232521192448
Depreciation220219210206204209206205197194187180180172173
Profit Before Tax1,8411,6921,7772,1261,5651,4971,4641,4081,2921,4561,3609821,1281,011936
Tax %20.0%25.0%26.0%20.0%25.0%26.0%27.0%27.0%27.0%25.0%26.0%29.0%28.0%29.0%27.0%
Net Profit1,4741,2751,3211,7061,1691,1081,0661,0329431,0911,007701811721682
Exceptional Items0-119000000000-160000
EPS (Rs)73.063.465.485.358.155.453.252.346.854.750.435.540.336.334.5
Sales Growth (YoY)30.2%21.7%16.6%-4.7%3.7%4.8%10.0%15.4%14.0%20.6%4.1%--------
Sales Growth (QoQ)3.9%2.2%25.6%-2.4%-2.8%-2.1%2.7%6.2%-1.8%2.7%7.7%4.9%3.9%-11.4%--
OP Growth (YoY)29.8%23.7%21.8%0.4%9.2%2.2%6.6%26.0%21.1%47.0%28.1%--------
OP Growth (QoQ)6.7%-0.8%25.0%-1.9%1.8%-2.3%3.1%6.7%-4.8%1.8%21.8%2.6%15.6%-11.3%--
Profit Growth (YoY)26.0%22.0%23.0%63.0%24.0%1.0%6.0%27.0%16.0%51.0%46.0%40.0%32.0%3.0%-8.0%
EPS Growth (YoY)25.7%14.4%23.0%63.0%24.1%1.2%5.6%47.2%16.1%50.6%46.1%--------
EPS Growth (QoQ)15.2%-3.2%-23.3%46.9%4.8%4.1%1.7%11.8%-14.5%8.6%41.7%-11.8%10.9%5.5%--
OP Margin14.4%14.0%14.4%14.5%14.4%13.8%13.8%13.8%13.7%14.2%14.3%12.6%12.9%11.6%11.6%
Net Margin11.4%10.2%10.8%17.5%11.7%10.8%10.2%10.1%9.8%11.2%10.6%7.9%9.6%8.9%7.5%
Material Cost %68.0%67.0%66.0%66.0%65.0%65.0%66.0%67.0%66.0%67.0%68.0%69.0%68.0%69.0%71.0%
Employee Cost %5.0%6.0%6.0%7.0%7.0%7.0%6.0%6.0%7.0%6.0%6.0%7.0%7.0%7.0%6.0%
P/S2.092.282.71------------------------
P/E17.2918.6221.62------------------------
P/B4.594.835.44------------------------

Shareholding Pattern

Shareholders:8.7L (+162.0%)
Current MixDec 2025

Exchange Filings

50
Company Update01 Jun 2026

Please find enclosed herewith a copy of the Press Release being issued by the Company.

Insider Trading / SAST29 May 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India

Company Update28 May 2026

Please find enclosed herewith the copies of the newspaper advertisement published regarding the issue of duplicate share certificates in lieu of original share certificates that are reported ....

Company Update27 May 2026

Please find enclosed herewith a copy of the Press Release being issued by the Company.

Company Update26 May 2026

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor ....

Company Update22 May 2026

Please find enclosed a specimen of the e-mail which has been sent to the shareholders today, viz. May 22, 2026, whose dividend have remained unpaid / unclaimed, intimating about the Second ....

Company Update16 May 2026

Please find enclosed herewith copies of the newspaper advertisement published to inform the shareholders about transfer of equity shares and unpaid dividends to the Investor Education and ....

Company Update15 May 2026

Please find enclosed a specimen of the reminder letter sent to those shareholders whose dividend remained unpaid/ unclaimed and whose shares are liable to be transferred to the Investor ....

Company Update15 May 2026

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of investor(s)/ analyst (s) meeting.

Company Update14 May 2026

Please find enclosed herewith copies of the newspaper advertisement published regarding the issue of duplicate share certificates, viz. Letter of confirmation, in lieu of original share ....

Company Update11 May 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcripts of the earnings conference call held on ....

Company Update06 May 2026

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the newspaper advertisement(s), ....

Company Update06 May 2026

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings ....

Company Update05 May 2026

Please note that the Board of Directors at its meeting held today, viz. May 5, 2026 has subject to the approval of members at the ensuing Annual General meeting of the Company, approved ....

Corp. Action05 May 2026

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed the record date as July 24, 2026, for the purpose of determining ....

Board Meeting05 May 2026

The Board of Directors at its meeting held today, viz. May 5, 2026 has considered and approved the matters given in the attached file.

Result05 May 2026

The Board of Directors at its meeting held today, viz, May 5, 2026, has considered and approved the audited standalone and consolidated financial results for the quarter and financial year ....

AGM/EGM05 May 2026

Please note that the Board of Directors at its meeting held today, viz. May 5, 2026 has approved convening the 43rd Annual General Meeting of the Company on Wednesday, August 5, 2026.

Corp. Action05 May 2026

The Board of Directors at its meeting held today, viz. May 5, 2026, has considered and approved final dividend subject to the approval of the members @ 3,750% i.e Rs. 75/- per equity share ....

Company Update05 May 2026

Please find enclosed herewith a copy of the Press Release being issued by the Company.

Company Update04 May 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure document with respect to the change ....

Company Update04 May 2026

The Nomination and remuneration committee of the Company at its meeting held today, May 4, 2026 has allotted 3,161 equity shares of face value of Rs. 2/- each to the eligible employees ....

Company Update02 May 2026

Pursuant to Regulation 30 of the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copies of newspaper advertisement(s) intimating ....

Company Update01 May 2026

Please find enclosed herewith a copy of the Press Release being issued by the Company.

Board Meeting29 Apr 2026

Hero Motocorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve We write with reference to our ....

Company Update24 Apr 2026

In continuation of our letter dated April 21, 2026, wherein we informed that a meeting of the Board of Directors is scheduled on Tuesday, May 5, 2026, we would like to notify that an earnings ....

Board Meeting21 Apr 2026

Hero Motocorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve the Audited Standalone and Consolidated ....

Company Update15 Apr 2026

Please find enclosed herewith certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Company Update15 Apr 2026

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of analyst / investor meeting.

Company Update14 Apr 2026

Please find enclosed herewith the Annual Secretarial Compliance Report for the financial year ended on March 31, 2026 as per Regulation 24A of the SEBI (Listing Obligations and Disclosure ....

Company Update01 Apr 2026

We write with reference to our earlier intimation dated February 5, 2026, wherein we have informed about the decision of the Board of Directors to make an additional investment of Rs. 275 ....

Company Update01 Apr 2026

Please find enclosed herewith a copy of the press release issued by the Company.

Insider Trading / SAST23 Mar 2026

Please be informed that the trading window for dealing in securities of the Company will remain closed from Wednesday April 1, 2026 till 48 hours after the declaration of financial results ....

Company Update19 Mar 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the disclosure in respect of the designation of an employee ....

Company Update17 Mar 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the specimen of the letter(s) sent to those shareholders ....

Company Update16 Mar 2026

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of ....

Company Update12 Mar 2026

Please find enclosed herewith the intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Update10 Mar 2026

Please find enclosed herewith a specimen of the letter sent to those shareholders whose dividend were not remitted electronically, as the transaction(s) were rejected by the banking system.

Company Update07 Mar 2026

Please find enclosed herewith copies of the newspaper advertisement published regarding the issue of duplicate share certificates, viz. Letter of confirmation in lieu of original share ....

Company Update06 Mar 2026

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of investor conference.

Company Update03 Mar 2026

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of investor conference.

Company Update01 Mar 2026

Please find enclosed herewith a copy of the Press Release being issued by the Company.

Company Update17 Feb 2026

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the schedule of investor meeting (s) / conference(s).

Company Update12 Feb 2026

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the earnings conference ....

Company Update11 Feb 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copies of the newspaper advertisement(s) intimating ....

Company Update06 Feb 2026

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the copy of the newspaper advertisement(s) published ....

Company Update06 Feb 2026

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that the audio recording of the earnings ....

Corp. Action06 Feb 2026

The Board of Director at its meeting held today, viz. February 5, 2026 has considered and approved interim dividend @5,500% i.e. Rs. 110 per equity share for the financial year 2025-26. ....

Corp. Action06 Feb 2026

The Board of Directors at its meeting held today, viz. February 5, 2026 has considered and approved interim dividend @ 5,500% i.e. Rs. 110 per equity share for the financial year 2025-26. ....

Board Meeting05 Feb 2026

The Board of Directors at its meeting held today, viz. February 5, 2026 has considered and approved the matters given in the attached file.

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
icraRating update
30 Oct 2025Report
crisilRating update
28 Mar 2025Report
icraRating update
30 Oct 2024Report
crisilRating update
28 Mar 2024Report
icraRating update
27 Oct 2023Report
crisilRating update

Concalls

39

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Aug 2024

31 Aug 2024

Jun 2024

30 Jun 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Nov 2023

30 Nov 2023

Aug 2023

31 Aug 2023

Jul 2023

31 Jul 2023

Jun 2023

30 Jun 2023

May 2023

31 May 2023

Feb 2023

28 Feb 2023

Nov 2022

30 Nov 2022

Oct 2022

31 Oct 2022

Aug 2022

31 Aug 2022

May 2022

31 May 2022

Feb 2022

28 Feb 2022

Nov 2021

30 Nov 2021

Sep 2021

30 Sept 2021

May 2021

31 May 2021

Feb 2021

28 Feb 2021

Oct 2020

31 Oct 2020

Aug 2020

31 Aug 2020

Jun 2020

30 Jun 2020

Mar 2020

31 Mar 2020

Feb 2020

29 Feb 2020

Oct 2019

31 Oct 2019

Jul 2019

31 Jul 2019

May 2019

31 May 2019

Feb 2019

28 Feb 2019

Jan 2019

31 Jan 2019

Sep 2018

30 Sept 2018

Aug 2018

31 Aug 2018

May 2018

31 May 2018

Feb 2018

28 Feb 2018

Held by ETFs

56 ETFs hold HEROMOTOCO · sorted by weight

#ETFWeight %
1

MOQUALITY

MOTILALAMC - MOQUALITY

4.92%
2

AUTOIETF

ICICIPRAMC - ICICIAUTO

5.41%
3

AUTOBEES

NIPPONAMC - NETFAUTO

5.41%
4

AONETMMQ50

AONEAMC - AONETMMQ50

4.33%
5

SBIMIDMOM

SBIAMC - SBIMIDMOM

4.20%
6

MOMIDMTM

MOTILALAMC - MOMIDMTM

4.20%
7

EMULTIMQ

EDELAMC - EMULTIMQ

4.18%
8

MIDSMALL

MIRAEAMC - MIDSMALL

3.81%
9

MOMENTUM30

KOTAKMAMC - MOMENTUM30

3.64%
10

HDFCMOMENT

HDFCAMC - HDFCMOMENT

3.65%
11

MOM30IETF

ICICIPRAMC - ICICIMOM30

3.65%
12

MOMENTUM

BIRLASLAMC - MOMENTUM

3.65%
13

MIDQ50ADD

DSPAMC - DSPQ50ETF

3.27%
14

FLEXIADD

DSPAMC - FLEXIADD

3.08%
15

GROWWMOM50

GROWWAMC - GROWWMOM50

3.03%
16

NIFTYQLITY

BIRLASLAMC - NIFTYQLITY

2.99%
17

SBIETFQLTY

SBIAMC - SBIETFQLTY

2.99%
18

QUALITY30

KOTAKMAMC - QUALITY30

2.99%
19

MOMENTUM50

MOTILALAMC - MOMENTUM50

2.85%
20

SNXT30BEES

NIPPONAMC - SNXT30BEES

2.43%
21

NEXT30ADD

DSPAMC - NEXT30ADD

2.43%
22

MIDCAP

KOTAKMAMC - KOTAKMID50

2.85%
23

SETFSN50

SBI MUTUAL FUND

2.35%
24

GROWWEV

GROWWAMC - GROWWEV

2.12%
25

SNXT50BETA

UTIAMC-SNXT50BETA

2.35%
26

EVINDIA

MIRAEAMC - EVINDIA

1.99%
27

CONS

KOTAKMAMC - KOTAKCONS

1.97%
28

SBIETFCON

SBIAMC - SBIETFCON

1.97%
29

EVIETF

ICICIPRAMC - EVIETF

1.98%
30

AXISCETF

AXISAMC - AXISCETF

1.97%
31

CONSUMIETF

ICICIPRAMC - ICICICONSU

1.97%
32

GROWWLOVOL

GROWWAMC - GROWWLOVOL

1.93%
33

LICNMID100

LICNAMC - LICNMID100

1.91%
34

MOM100

MOTILAL OS MIDCAP100 ETF

1.91%
35

GROWWMC150

GROWWAMC - GROWWMC150

1.68%
36

MID150CASE

ZERODHAAMC - MID150CASE

1.69%
37

MIDCAPETF

MIRAEAMC - MAM150ETF

1.58%
38

MIDCAPIETF

ICICIPRAMC - ICICIM150

1.58%
39

MID150BEES

NIP IND ETF MIDCAP 150

1.59%
40

MID150

KOTAKMAMC - MID150

1.58%
41

SBINMID150

SBIAMC - SBINMID150

1.58%
42

HDFCMID150

HDFCAMC - HDFCMID150

1.58%
43

MIDCAPADD

DSPAMC - MIDCAPADD

1.58%
44

EQUAL200

MIRAEAMC - EQUAL200

0.48%
45

MIDCAPBETA

UTIAMC-MIDCAPBETA

1.58%
46

ELM250

EDELAMC - ELM250

0.82%
47

SETFBSE100

SBI MUTUAL FUND

0.47%
48

ABSLMSCIN

BIRLASLAMC - ABSLMSCIN

0.46%
49

MSCIINDIA

KOTAKMAMC - MSCIINDIA

0.46%
50

MSCIADD

DSPAMC - MSCIADD

0.45%
51

MULTICAP

MIRAEAMC - MULTICAP

0.40%
52

BSE500IETF

ICICIPRAMC - ICICI500

0.33%
53

HDFCBSE500

HDFCAMC - HDFCBSE500

0.33%
54

GROWWN200

GROWWAMC - GROWWN200

0.39%
55

AONETOTAL

AONEAMC - AONETOTAL

0.33%
56

MONIFTY500

MOTILALAMC - MONIFTY500

0.33%

Held by Mutual Funds

5 schemes hold HEROMOTOCO · sorted by weight

#SchemeWeight %
1

Tata Ethical Direct Plan-Growth

Tata Mutual Fund

2.38%
2

JM Flexicap Fund

JM Financial Mutual Fund

1.77%
3

SBI Contra Direct Plan-Growth

SBI Mutual Fund

0.48%
4

Kotak Multicap Fund

Kotak Mahindra Mutual Fund

3.61%
5

Groww Arbitrage Fund

Groww Mutual Fund

0.75%