Hero MotoCorp Limited

Automobile and Auto Components · Automobiles

NSE: HEROMOTOCO BSE: 500182

₹5241.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Automobiles

The largest companies in the same industry by market cap. This company ranks #7 of 18. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Maruti Suzuki India Limited	376,246	26.8	13.7%	-25.0%	1.17%	68	28	43
Mahindra & Mahindra Limited	366,841	22.3	17.0%	-14.8%	1.12%	62	68	10
Bajaj Auto Limited	303,926	28.3	26.3%	26.1%	1.38%	87	42	28
Eicher Motors Limited	196,266	37.4	22.0%	1.8%	—	94	16	25
TVS Motor Company Limited	195,071	48.6	29.7%	18.7%	—	60	30	32
Hyundai Motor India Limited	165,027	33.9	27.1%	-20.0%	1.03%	80	2	30
Hero MotoCorp Limited (this stock)	104,869	18.7	26.5%	-3.5%	3.53%	88	63	31
Tata Motors Passenger Vehicles Limited	104,401	1667.6	69.5%	-60.5%	1.06%	51	50	10

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹104,337 Cr

EV / EBITDA

12.6x

EV / Sales

2.08x

Market cap / Sales

2.09x

Earnings yield

5.34%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 13,440 Cr, up 36.0% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 1,454 Cr, up 29.2% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	12,999	1,956	1,454	₹72.6900
March 31, 2026	12,797	1,855	1,401	₹70.0400
Dec. 31, 2025	12,328	1,777	1,349	₹67.4000
Sept. 30, 2025	12,126	1,854	1,393	₹69.6200
June 30, 2025	9,579	1,487	1,126	₹56.2800
March 31, 2025	9,939	1,442	1,081	₹54.0600
Dec. 31, 2024	10,211	1,592	1,203	₹60.1500
Sept. 30, 2024	10,463	1,600	1,204	₹60.1800
June 30, 2024	10,144	1,493	1,123	₹56.1500
March 31, 2024	9,519	1,350	1,016	₹50.8400
Dec. 31, 2023	9,724	1,417	1,073	₹53.7000
Sept. 30, 2023	9,445	1,397	1,054	₹52.7200
June 30, 2023	8,767	1,095	825	₹41.2700

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	13,440	13,005	12,624	12,359	9,883	10,162	10,528	10,746	10,375	9,699	9,966	9,694	8,989
Operating revenue	12,999	12,797	12,328	12,126	9,579	9,939	10,211	10,463	10,144	9,519	9,724	9,445	8,767
Other income	441	209	296	233	304	224	318	283	232	180	242	248	222
Operating expenses	11,272	10,941	10,518	10,303	8,197	8,523	8,734	8,947	8,684	8,160	8,362	8,117	7,561
Operating profit	1,727	1,856	1,810	1,823	1,382	1,416	1,476	1,516	1,460	1,359	1,362	1,328	1,206
Operating profit margin	13.3%	14.5%	14.7%	15.0%	14.4%	14.2%	14.5%	14.5%	14.4%	14.3%	14.0%	14.1%	13.8%
Depreciation	205	204	204	197	193	192	197	194	193	185	183	175	169
Interest	6	6	6	6	6	5	5	5	5	5	5	5	5
Exceptional items, gain / (loss)	—	—	-119	—	—	—	—	—	—	—	—	—	-160
Profit before tax	1,956	1,855	1,777	1,854	1,487	1,442	1,592	1,600	1,493	1,350	1,417	1,397	1,095
Tax	501	454	428	461	361	362	389	397	371	334	344	343	270
Net profit	1,454	1,401	1,349	1,393	1,126	1,081	1,203	1,204	1,123	1,016	1,073	1,054	825
EPS	72.69	70.04	67.40	69.62	56.28	54.06	60.15	60.18	56.15	50.84	53.70	52.72	41.27
Net profit (TTM)	5,597	5,268	4,948	4,802	4,613	4,610	4,545	4,416	4,266	3,968	3,811	3,449	3,111
EPS (TTM)	279.75	263.34	247.36	240.11	230.67	230.54	227.32	220.87	213.41	198.53	190.68	172.56	155.68

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	46,830	6,972	5,268
March 31, 2025	40,756	6,128	4,610
March 31, 2024	37,456	5,258	3,968
March 31, 2023	33,806	3,875	2,911

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	11.7%	8.8%	47,871^†	41,812^†	38,348^†	34,371^†	29,802^†	31,380^†	29,614^†	34,342^†	33,370^†	31,369^†
Operating revenue	11.5%	8.7%	46,830	40,756	37,456	33,806	29,245^†	30,801^†	28,836^†	33,651^†	32,844^†	30,846^†
Other income	—	—	1,041^†	1,056^†	893^†	565^†	557^†	580^†	778^†	691^†	526^†	523^†
Operating expenses	—	—	39,959^†	34,889^†	32,200^†	29,819^†	25,877^†	26,781^†	24,878^†	28,720^†	27,564^†	—
Operating profit	19.9%	11.3%	6,871^†	5,868^†	5,256^†	3,986^†	3,369^†	4,019^†	3,958^†	4,930^†	5,280^†	—
Operating profit margin	—	—	14.7%^†	14.4%^†	14.0%^†	11.8%^†	11.5%^†	13.0%^†	13.7%^†	14.7%^†	16.1%^†	—
Depreciation	—	—	798^†	776^†	711^†	657^†	650^†	677^†	818^†	602^†	556^†	—
Interest	—	—	23^†	20^†	18^†	20^†	26^†	22^†	22^†	9^†	6^†	6^†
Exceptional items, gain / (loss)	—	—	-119^†	0^†	-160^†	0^†	0^†	0^†	677^†	0^†	0^†	0^†
Profit before tax	21.6%	12.3%	6,972	6,128	5,258	3,875	3,250^†	3,900^†	4,574^†	5,011^†	5,244^†	4,658^†
Tax	—	—	1,704^†	1,518^†	1,290^†	964^†	777^†	936^†	940^†	1,626^†	1,547^†	1,281^†
Net profit	21.9%	12.2%	5,268	4,610	3,968	2,911	2,473^†	2,964^†	3,633^†	3,385^†	3,697^†	3,377^†
EPS	21.8%	12.2%	263.34^†	230.54^†	198.53^†	145.66^†	123.77^†	148.39^†	181.91^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	14.7%^†	14.4%^†	14.0%^†	11.8%^†	11.5%^†	13.0%^†	13.7%^†	14.7%^†	16.1%^†	—
EBIT margin	14.9%^†	15.1%^†	14.1%^†	11.5%^†	11.2%^†	12.7%^†	15.9%^†	14.9%^†	16.0%^†	15.1%^†
PBT margin	14.9%	15.0%	14.0%	11.5%	11.1%^†	12.7%^†	15.9%^†	14.9%^†	16.0%^†	15.1%^†
Net margin	11.2%	11.3%	10.6%	8.6%	8.5%^†	9.6%^†	12.6%^†	10.1%^†	11.3%^†	10.9%^†
Interest coverage	307.33x^†	308.62x^†	285.24x^†	196.00x^†	126.97x^†	179.59x^†	208.71x^†	583.64x^†	840.07x^†	770.99x^†
Dividend payout	66.5%^†	60.7%^†	55.4%^†	68.7%^†	68.7%^†	60.7%^†	53.3%^†	—	—	—
Earnings retention	33.5%^†	39.3%^†	44.6%^†	31.3%^†	31.3%^†	39.3%^†	46.7%^†	—	—	—
Current ratio	1.98x	1.87x	—	—	—	—	—	—	—	—
Quick ratio	1.78x	1.66x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	24.4%	23.3%	—	—	—	—	—	—	—	—
Return on assets	16.3%	16.5%	—	—	—	—	—	—	—	—
Return on capital employed	30.3%^†	29.2%^†	—	—	—	—	—	—	—	—
Asset turnover	1.45x	1.46x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	8,315	-4,505	-3,567	1,006	7,309
March 31, 2025	4,182	-1,586	-2,847	827	3,355
March 31, 2024	4,907	-1,802	-2,733	720	4,187
March 31, 2023	2,579	-469	-2,041	578	2,001
March 31, 2022	2,020	-152	-1,939	535	1,486

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	32,244	21,578	21,538	0	0	18,114	9,145	532	5,022	1,858
March 31, 2025	27,920	19,807	19,767	0	0	12,837	6,847	289	4,949	1,458
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.