Avsar.

Consumer Discretionary · 2/3 Wheelers

Hero MotoCorp Ltd (HEROMOTOCO)

₹5,167.00

Mkt cap
₹1.03L Cr
P/E ratio
17.00
P/B
4.42
Div yield
3.58%
ROE
28.10%
ROCE
35.20%
EPS (TTM)
₹303.94
Book value
₹1,170
52W range
4,672–6,389
Sector
Consumer Discretionary

Price history

Previous close

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 500182
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−19.12% from high
₹5,167
₹4,672+10.61% from low₹6,389
Current
₹5,167.00
Prev close
₹5,105.00
Day
+1.21%
Price performance
1D
+1.21%
1W
+2.38%
1M
−0.79%
3M
−2.97%
6M
+1.03%
1Y
−7.54%
YTD
−12.91%

Financials

Revenue, profit & margin
P/E ratio
17.0×
HEROMOTOCO is 39% below the sector median of 27.9×
HEROMOTOCO17.0×
Sector median27.9×
 Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Trend
Sales9,5339,7889,61710,21110,48310,2609,9709,72812,21812,48712,97813,12614,970
Expenses8,1748,4038,2988,8049,0338,8448,5298,31510,45210,73511,10911,42412,974
Operating Profit1,3601,3851,3191,4071,4501,4161,4411,4131,7661,7521,8701,7021,997
OPM %14%14%14%14%14%14%14%15%14%14%14%13%13%
Other Income213288177225239306345939240179210460619
Interest2523819181717211920192123
Depreciation187194197205206209204206210219220220232
Profit before tax1,3601,4561,2921,4081,4641,4971,5652,1261,7771,6921,8411,9212,361
Tax %26%25%27%27%27%26%25%20%26%25%20%26%21%
Net Profit1,0071,0919431,0321,0661,1081,1691,7061,3211,2751,4741,4181,861
EPS in Rs50.3554.7046.7752.3153.1955.3858.0685.2665.4263.3572.9770.5993.00
Raw PDF

Earnings

Results dates & reactions
No upcoming results date on calendar.

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

Avg earnings-day move −0.17% · closed higher next day 33 of last 62
 Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26†Q2FY26Q3FY26Q4FY26Q1FY27Q2FY27
Broadcast10 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◦6 Aug '26◦28 Oct '26◦
Earnings day−4.51%+3.27%−3.30%+2.80%+1.05%+0.09%+4.15%+0.54%−0.22%+1.19%+3.14%−4.09%
+1 day−3.34%+5.71%−2.24%+3.73%−0.79%+6.43%+2.79%+5.26%−0.16%+4.58%+5.58%−2.92%
+5 days−1.15%+11.43%+1.61%+5.10%−8.69%+4.93%+5.21%+8.97%−3.16%−2.23%+4.31%—
+15 days−6.05%+11.32%+9.32%−0.34%−14.17%+3.37%+17.19%+15.29%−0.97%−0.67%+0.89%—
+30 days−6.85%+18.16%+15.36%−9.11%−14.23%+5.84%+21.33%+1.04%−12.16%−1.71%−2.37%—
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRLXBRL

Corporate actions

Last 6 months
KindValueEx-dateRecord
dividend
Dividend - Rs 75 Per Share
75.0024 Jul '2624 Jul '26

Results analysis

Shareholding

as of Sep 2026
34.72%Promoter
Promoters34.72%
FIIs32.22%1.13
DIIs23.84%0.42
Public9.10%0.72
Government0.09%
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Bajaj Auto₹10,350.0021.712,84,4221.45%3,384+61.93%25,126+59.68%28.24%
TVS Motor Co.₹4,195.2051.661,99,3090.29%1,219+50.16%19,474+38.60%17.37%
Eicher Motors₹7,220.0034.081,98,2051.14%1,463+21.35%6,632+31.55%30.53%
Hero Motocorp₹5,167.0016.981,03,4243.58%1,861+42.21%14,971+22.52%35.22%
Ather Energy₹1,756.00—69,6930.00%2+100.97%1,464+62.90%−19.77%
Ola Electric₹33.18—16,5860.00%−336+21.50%455−45.05%−19.87%
Zelio E-Mobility₹1,039.7078.842,1990.00%16+80.92%170+75.65%38.29%
Median: 9 Co.₹1,756.0027.8969,6930.29%82+50.16%1,464+31.55%17.37%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
Concall transcripts57
PPTOct 2026RECOct 2026TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026TranscriptFeb 2026RECFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025RECFeb 2025TranscriptNov 2024RECNov 2024TranscriptAug 2024PPTAug 2024PPTJun 2024TranscriptMay 2024TranscriptFeb 2024PPTFeb 2024
Credit ratings6
Rating update 1dicraRating update 27 FebcrisilRating update 30 Oct 2025icraRating update 28 Mar 2025crisilRating update 30 Oct 2024icraRating update 28 Mar 2024crisil
Announcements5
Announcement under Regulation 30 (LODR)-Updates on Acquisition 30 Oct - Hero MotoCorp Foundation- A Santosh Munjal Legacy incorporated on October 29, 2026 as wholly-owned subsidiary.Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Oct - Pursuant to Regulation 30 and 47 of the SEBI Listing Regulations, please find attached the copies of the newspaper advertisements pertaining to financial results of …Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Oct - Audio recording of Q2/H1 FY2026-27 earnings call uploaded on company website.Updated Code Of Practices And Procedures Of Fair Disclosure Of Unpublished Price Sensitive Information 28 Oct - Hero MotoCorp updated its fair disclosure and UPSI code, effective October 28, 2026.Announcement under Regulation 30 (LODR)-Investor Presentation 28 Oct - Pursuant to Regulation 30 of the SEBI Listing Regulations, and in furtherance to our intimation dated October 19, 2026 regarding the schedule of earnings conference …