About
Hero MotoCorp Limited primarily engages in the manufacture and sale of motorised two wheelers in India, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines, parts, and accessories, as well as non-banking financial and other related services. The company is also involved in merchandise business. The company was formerly known as Hero Honda Motors Ltd. and changed its name to Hero MotoCorp Limited in July 2011. Hero MotoCorp Limited was incorporated in 1984 and is based in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap106,406 Cr
P/E19.20
Div Yield3.49 %
Book Value₹1,080.00
52w High₹6,390.00
52w Low₹4,672.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,126.00 | 12,978.00 | 12,487.00 | 12,218.00 | 9,728.00 | 9,970.00 | 10,260.00 | 10,483.00 | 10,211.00 | 9,617.00 | 9,788.00 | 9,533.00 | 8,851.00 |
| Expenses | 11,424.00 | 11,109.00 | 10,735.00 | 10,452.00 | 8,315.00 | 8,529.00 | 8,844.00 | 9,033.00 | 8,804.00 | 8,298.00 | 8,403.00 | 8,174.00 | 7,734.00 |
| Operating Profit | 1,702.00 | 1,870.00 | 1,752.00 | 1,766.00 | 1,413.00 | 1,441.00 | 1,416.00 | 1,450.00 | 1,407.00 | 1,319.00 | 1,385.00 | 1,360.00 | 1,117.00 |
| OPM % | 13.00 | 14.00 | 14.00 | 14.00 | 15.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 13.00 |
| Other Income | 460.00 | 210.00 | 179.00 | 240.00 | 939.00 | 345.00 | 306.00 | 239.00 | 225.00 | 177.00 | 288.00 | 213.00 | 66.00 |
| Depreciation | 220.00 | 220.00 | 219.00 | 210.00 | 206.00 | 204.00 | 209.00 | 206.00 | 205.00 | 197.00 | 194.00 | 187.00 | 180.00 |
| Interest | 21.00 | 19.00 | 20.00 | 19.00 | 21.00 | 17.00 | 17.00 | 18.00 | 19.00 | 8.00 | 23.00 | 25.00 | 21.00 |
| Profit before tax | 1,921.00 | 1,841.00 | 1,692.00 | 1,777.00 | 2,126.00 | 1,565.00 | 1,497.00 | 1,464.00 | 1,408.00 | 1,292.00 | 1,456.00 | 1,360.00 | 982.00 |
| Tax % | 26.00 | 20.00 | 25.00 | 26.00 | 20.00 | 25.00 | 26.00 | 27.00 | 27.00 | 27.00 | 25.00 | 26.00 | 29.00 |
| Net Profit | 1,418.00 | 1,474.00 | 1,275.00 | 1,321.00 | 1,706.00 | 1,169.00 | 1,108.00 | 1,066.00 | 1,032.00 | 943.00 | 1,091.00 | 1,007.00 | 701.00 |
| EPS in Rs | 70.59 | 72.97 | 63.35 | 65.42 | 85.26 | 58.06 | 55.38 | 53.19 | 52.31 | 46.77 | 54.70 | 50.35 | 35.53 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47,411.00 | 40,923.00 | 37,789.00 | 34,158.00 | 29,551.00 | 30,959.00 | 29,254.00 | 33,971.00 | 32,458.00 | 28,610.00 | 28,457.00 | 27,538.00 |
| Expenses | 40,352.00 | 35,135.00 | 32,554.00 | 30,060.00 | 26,295.00 | 26,902.00 | 25,184.00 | 28,946.00 | 27,124.00 | 24,025.00 | 24,033.00 | 24,018.00 |
| Operating Profit | 7,059.00 | 5,789.00 | 5,235.00 | 4,099.00 | 3,256.00 | 4,058.00 | 4,070.00 | 5,025.00 | 5,334.00 | 4,585.00 | 4,424.00 | 3,520.00 |
| OPM % | 15.00 | 14.00 | 14.00 | 12.00 | 11.00 | 13.00 | 14.00 | 15.00 | 16.00 | 16.00 | 16.00 | 13.00 |
| Other Income | 1,310.00 | 1,040.00 | 689.00 | 567.00 | 545.00 | 553.00 | 1,434.00 | 741.00 | 564.00 | 830.00 | 421.00 | 325.00 |
| Interest | 78.00 | 71.00 | 76.00 | 105.00 | 53.00 | 46.00 | 47.00 | 37.00 | 31.00 | 27.00 | 15.00 | 12.00 |
| Depreciation | 855.00 | 825.00 | 757.00 | 697.00 | 690.00 | 715.00 | 846.00 | 624.00 | 575.00 | 502.00 | 443.00 | 540.00 |
| Profit before tax | 7,436.00 | 5,934.00 | 5,090.00 | 3,864.00 | 3,058.00 | 3,849.00 | 4,611.00 | 5,104.00 | 5,292.00 | 4,885.00 | 4,387.00 | 3,292.00 |
| Tax % | 22.00 | 26.00 | 26.00 | 28.00 | 24.00 | 24.00 | 21.00 | 32.00 | 30.00 | 27.00 | 29.00 | 29.00 |
| Net Profit | 5,776.00 | 4,376.00 | 3,742.00 | 2,800.00 | 2,329.00 | 2,936.00 | 3,659.00 | 3,466.00 | 3,722.00 | 3,546.00 | 3,112.00 | 2,364.00 |
| EPS in Rs | 286.96 | 218.91 | 187.31 | 140.61 | 115.95 | 146.05 | 182.14 | 172.44 | 186.29 | 179.49 | 157.34 | 118.42 |
| Dividend Payout % | 64.00 | 75.00 | 75.00 | 71.00 | 82.00 | 72.00 | 49.00 | 50.00 | 51.00 | 47.00 | 46.00 | 51.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Reserves | 21,571.00 | 19,232.00 | 17,659.00 | 16,616.00 | 15,807.00 | 15,376.00 | 14,366.00 | 13,080.00 | 11,932.00 | 10,276.00 | 8,794.00 | 6,500.00 |
| Borrowings | 779.00 | 700.00 | 606.00 | 568.00 | 605.00 | 584.00 | 453.00 | 312.00 | 228.00 | 261.00 | 232.00 | 100.00 |
| Other Liabilities | 11,063.00 | 8,418.00 | 7,847.00 | 6,694.00 | 6,027.00 | 7,096.00 | 4,815.00 | 5,072.00 | 5,197.00 | 4,736.00 | 3,829.00 | 4,014.00 |
| Total Liabilities | 33,453.00 | 28,390.00 | 26,153.00 | 23,917.00 | 22,478.00 | 23,096.00 | 19,674.00 | 18,504.00 | 17,397.00 | 15,312.00 | 12,896.00 | 10,654.00 |
| Fixed Assets | 6,374.00 | 6,283.00 | 6,232.00 | 6,159.00 | 6,194.00 | 6,380.00 | 6,473.00 | 4,952.00 | 4,961.00 | 4,599.00 | 3,784.00 | 2,952.00 |
| CWIP | 765.00 | 487.00 | 484.00 | 454.00 | 517.00 | 495.00 | 391.00 | 573.00 | 355.00 | 581.00 | 653.00 | 719.00 |
| Investments | 19,286.00 | 14,384.00 | 12,751.00 | 10,891.00 | 10,528.00 | 10,582.00 | 8,359.00 | 6,114.00 | 7,669.00 | 6,066.00 | 4,501.00 | 3,118.00 |
| Other Assets | 7,028.00 | 7,236.00 | 6,685.00 | 6,413.00 | 5,240.00 | 5,639.00 | 4,451.00 | 6,865.00 | 4,411.00 | 4,066.00 | 3,958.00 | 3,864.00 |
| Total Assets | 33,453.00 | 28,390.00 | 26,153.00 | 23,917.00 | 22,478.00 | 23,096.00 | 19,674.00 | 18,504.00 | 17,397.00 | 15,312.00 | 12,896.00 | 10,654.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 8,315.00 | 4,297.00 | 4,923.00 | 2,614.00 | 2,104.00 | 4,110.00 | 5,518.00 | 1,032.00 | 4,017.00 | 4,007.00 | 3,722.00 | 2,186.00 |
| Cash from Investing Activity | -4,478.00 | -1,703.00 | -1,828.00 | -421.00 | -222.00 | -2,289.00 | -2,819.00 | 1,298.00 | -1,858.00 | -1,972.00 | -2,300.00 | 31.00 |
| Cash from Financing Activity | -3,534.00 | -2,815.00 | -2,717.00 | -2,147.00 | -1,975.00 | -1,852.00 | -2,602.00 | -2,252.00 | -2,102.00 | -2,036.00 | -1,475.00 | -2,131.00 |
| Net Cash Flow | 303.00 | -221.00 | 379.00 | 45.00 | -94.00 | -31.00 | 97.00 | 78.00 | 57.00 | -1.00 | -53.00 | 86.00 |
| Free Cash Flow | 7,227.00 | 3,463.00 | 4,146.00 | 2,052.00 | 1,545.00 | 3,537.00 | 4,230.00 | 57.00 | 3,196.00 | 2,771.00 | 2,094.00 | 955.00 |
| CFO/OP % | 134.00 | 101.00 | 119.00 | 85.00 | 89.00 | 125.00 | 149.00 | 62.00 | 104.00 | 113.00 | 109.00 | 90.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18.00 | 30.00 | 25.00 | 29.00 | 27.00 | 27.00 | 19.00 | 29.00 | 16.00 | 20.00 | 16.00 | 18.00 |
| Inventory Days | 31.00 | 27.00 | 25.00 | 27.00 | 26.00 | 30.00 | 24.00 | 19.00 | 16.00 | 14.00 | 14.00 | 16.00 |
| Days Payable | 88.00 | 77.00 | 80.00 | 73.00 | 76.00 | 88.00 | 58.00 | 54.00 | 56.00 | 62.00 | 51.00 | 50.00 |
| Cash Conversion Cycle | -40.00 | -20.00 | -30.00 | -17.00 | -23.00 | -32.00 | -15.00 | -5.00 | -24.00 | -29.00 | -20.00 | -16.00 |
| Working Capital Days | -31.00 | -11.00 | -17.00 | -7.00 | -14.00 | -21.00 | -10.00 | 6.00 | -15.00 | -17.00 | -12.00 | -15.00 |
| ROCE % | 35.00 | 30.00 | 29.00 | 23.00 | 18.00 | 24.00 | 27.00 | 39.00 | 45.00 | 48.00 | 54.00 | 50.00 |
Corporate Actions
41 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 24 Jul 2026 | 24 Jul 2026 | — | 75.00 | |
| Dividend | 11 Feb 2026 | 11 Feb 2026 | — | 110.00 | |
| Dividend | 24 Jul 2025 | 24 Jul 2025 | — | 65.00 | |
| Dividend | 12 Feb 2025 | 12 Feb 2025 | — | 100.00 | |
| Dividend | 01 Aug 2024 | — | — | 40.00 | |
| Dividend | 21 Feb 2024 | 21 Feb 2024 | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=75.0; BSE/NSE=25.0 |
| Dividend | 21 Feb 2024 | 21 Feb 2024 | — | 75.00 | NSE/BSE dividend mismatch: BSE/NSE=75.0; BSE/NSE=25.0 |
| Dividend | 27 Jul 2023 | — | — | 35.00 | |
| Dividend | 17 Feb 2023 | 17 Feb 2023 | — | 65.00 | |
| Dividend | 27 Jul 2022 | — | — | 35.00 | |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 60.00 | |
| Dividend | 22 Jul 2021 | — | — | 10.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=10.0 |
| Dividend | 22 Jul 2021 | — | — | 25.00 | NSE/BSE dividend mismatch: BSE/NSE=25.0; BSE/NSE=10.0 |
| Dividend | 15 Feb 2021 | 16 Feb 2021 | — | 5.00 | NSE/BSE dividend mismatch: BSE/NSE=65.0; BSE/NSE=5.0 |
| Dividend | 15 Feb 2021 | 16 Feb 2021 | — | 65.00 | NSE/BSE dividend mismatch: BSE/NSE=65.0; BSE/NSE=5.0 |
| Dividend | 30 Jul 2020 | — | — | 25.00 | |
| Dividend | 17 Feb 2020 | 18 Feb 2020 | — | 65.00 | |
| Dividend | 16 Jul 2019 | — | — | 32.00 | |
| Dividend | 11 Feb 2019 | 12 Feb 2019 | — | 55.00 | |
| Dividend | 11 Jul 2018 | — | — | 40.00 | |
| Dividend | 15 Feb 2018 | 17 Feb 2018 | — | 55.00 | |
| Dividend | 30 Jun 2017 | — | — | 30.00 | |
| Dividend | 16 Mar 2017 | 18 Mar 2017 | — | 55.00 | |
| Dividend | 15 Sep 2016 | — | — | 32.00 | |
| Dividend | 21 Mar 2016 | 22 Mar 2016 | — | 40.00 | |
| Dividend | 01 Jun 2015 | — | — | 30.00 | |
| Dividend | 08 Aug 2014 | 11 Aug 2014 | — | 30.00 | |
| Dividend | 03 Jul 2014 | — | — | 65.00 | |
| Dividend | 03 Sep 2013 | — | — | 60.00 | |
| Dividend | 07 Aug 2012 | — | — | 45.00 | |
| Dividend | 25 Aug 2011 | — | — | 35.00 | |
| Dividend | 20 Apr 2011 | 21 Apr 2011 | — | 70.00 | |
| Dividend | 30 Aug 2010 | — | — | 30.00 | |
| Dividend | 13 Apr 2010 | 15 Apr 2010 | — | 80.00 | |
| Dividend | 28 Aug 2009 | — | — | 20.00 | |
| Dividend | 09 Sep 2008 | — | — | 19.00 | |
| Dividend | 10 Jul 2007 | — | — | 17.00 | |
| Dividend | 14 Aug 2006 | — | — | 20.00 | |
| Dividend | 20 Jul 2005 | — | — | 20.00 | |
| Dividend | 22 Oct 2001 | 07 Nov 2001 | — | 5.00 | |
| Dividend | 17 Jul 2001 | — | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update27 Feb from crisil
-
Rating update30 Oct 2025 from icra
-
Rating update28 Mar 2025 from crisil
-
Rating update30 Oct 2024 from icra
-
Rating update28 Mar 2024 from crisil
-
Rating update27 Oct 2023 from icra
Conference Calls
- PPT
- PPT
- PPT
- PPT
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript
- Transcript