Avsar.

Consumer Discretionary · 2/3 Wheelers

Hero MotoCorp Ltd (HEROMOTOCO)

₹5,011.10

Mkt cap
₹1.00L Cr
P/E ratio
17.40
P/B
4.64
Div yield
3.69%
ROE
28.10%
ROCE
35.20%
EPS (TTM)
₹287.99
Book value
₹1,080
52W range
4,231–6,351
Sector
Consumer Discretionary

Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp. [1] [2]

NSE HEROMOTOCOBSE 500182www.heromotocorp.com
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−21.09% from high
₹5,011
₹4,231+18.45% from low₹6,351
Current
₹5,011.10
Prev close
₹5,010.50
Day
+0.01%
Price performance
1D
+0.01%
1W
+0.67%
1M
+2.35%
3M
+1.00%
6M
−10.20%
1Y
+12.77%
YTD
−15.54%

Financials

F
Revenue, profit & margin
P/E ratio
17.4×
HEROMOTOCO is 54% below the sector median of 37.7×
HEROMOTOCO17.4×
Sector median37.7×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales8,4348,8519,5339,7889,61710,21110,48310,2609,9709,72812,21812,48712,978
Expenses7,3457,7348,1748,4038,2988,8049,0338,8448,5298,31510,45210,73511,109
Operating Profit1,0891,1171,3601,3851,3191,4071,4501,4161,4411,4131,7661,7521,870
OPM %13%13%14%14%14%14%14%14%14%15%14%14%14%
Other Income23866213288177225239306345939240179210
Interest1921252381918171721192019
Depreciation180180187194197205206209204206210219220
Profit before tax1,1289821,3601,4561,2921,4081,4641,4971,5652,1261,7771,6921,841
Tax %28%29%26%25%27%27%27%26%25%20%26%25%20%
Net Profit8117011,0071,0919431,0321,0661,1081,1691,7061,3211,2751,474
EPS in Rs40.2935.5350.3554.7046.7752.3153.1955.3858.0685.2665.4263.3572.97
Raw PDF

Earnings

EResults dates & reactions
Next results
6 Aug '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.16% · closed higher next day 32 of last 61
 Q1FY24Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26†Q2FY26Q3FY26Q4FY26
Broadcast10 Aug '23◦2 Nov '2310 Feb '24◦8 May '24◦13 Aug '24◦15 Nov '24◦6 Feb '25◦13 May '25◦6 Aug '25◦13 Nov '25◦5 Feb '26◦5 May '26◦
Earnings day−1.24%−1.30%−4.51%+3.27%−3.30%+2.80%+1.05%+0.09%+4.15%+0.54%−0.22%+1.19%
+1 day−0.83%−0.10%−3.34%+5.71%−2.24%+3.73%−0.79%+6.43%+2.79%+5.26%−0.16%+4.58%
+5 days−3.44%+2.63%−1.15%+11.43%+1.61%+5.10%−8.69%+4.93%+5.21%+8.97%−3.16%−2.23%
+15 days−3.06%+14.75%−6.05%+11.32%+9.32%−0.34%−14.17%+3.37%+17.19%+15.29%−0.97%−0.67%
+30 days−0.05%+25.78%−6.85%+18.16%+15.36%−9.11%−14.23%+5.84%+21.33%+1.04%−12.16%−1.71%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRL

Corporate actions

CLast 6 months
KindValueEx-dateRecord
dividend
Dividend - Rs 75 Per Share
75.0024 Jul '2624 Jul '26
dividend
Interim Dividend - Rs 110 Per Share
110.0011 Feb '2611 Feb '26

Shareholding

Sas of Jun 2026
34.73%Promoter
Promoters34.73%
FIIs31.09%0.06
DIIs24.26%0.43
Public9.82%0.48
Government0.09%
Ownership trend

Peers

P7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Bajaj Auto₹11,130.0025.953,05,8571.35%3,189+45.93%21,689+65.14%28.24%
Eicher Motors₹7,628.0037.672,09,3871.07%1,520+11.58%6,080+16.01%30.52%
TVS Motor Co.₹3,870.2053.181,83,9550.31%1,058+67.11%16,296+33.46%17.37%
Hero Motocorp₹5,011.1017.451,00,2693.69%1,474+25.72%12,978+30.18%35.22%
Ather Energy₹1,208.70—47,7110.00%−100+57.23%1,175+73.75%−19.77%
Ola Electric₹37.08—17,1620.00%−500+42.53%265−56.63%−19.56%
Zelio E-Mobility₹795.4560.021,6820.00%16+80.92%170+75.65%38.41%
Median: 10 Co.₹1,002.0837.6732,4370.34%49+44.23%874+28.66%15.32%

Filings

D
Annual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bse
Concall transcripts52
TranscriptMay 2026TranscriptFeb 2026RECFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024PPTJun 2024TranscriptMay 2024TranscriptFeb 2024PPTFeb 2024TranscriptNov 2023TranscriptAug 2023TranscriptJul 2023PPTJul 2023PPTJun 2023
Credit ratings6
Rating update 27 FebcrisilRating update 30 Oct 2025icraRating update 28 Mar 2025crisilRating update 30 Oct 2024icraRating update 28 Mar 2024crisilRating update 27 Oct 2023icra
Announcements5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Jul - Submitted Regulation 74(5) depository compliance certificate for quarter ended June 30, 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Jul - Hero MotoCorp enters Germany with KSR Group, launching Euro 5+ XPulse 200 portfolio on 16 July 2026.Announcement under Regulation 30 (LODR)-Updates on Acquisition 15 Jul - Ather approves 76.19 million warrants to Hero MotoCorp for Rs. 959.99 crore; stake may rise to 30.68%.Announcement under Regulation 30 (LODR)-Acquisition 14 Jul - Hero MotoCorp approves up to Rs 1,000 crore investment in Ather Energy on July 14, 2026, subject to approvals.Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 14 Jul - 43rd AGM scheduled for August 5, 2026; annual report and notice available online.