Hero MotoCorp Limited
NSE: HEROMOTOCOINE158A01026(was HEROHONDA)·Automobile and Auto ComponentsMidcap 150·www.heromotocorp.com ↗·Mcap ₹1.08L Cr·Listed 2003
₹5,360.00▲ ₹64.00  (1.21%)
52W: ₹4,672 – ₹6,389 · Vol: 3.0L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q4 FY18
Revenue from operations13,12612,97812,48712,2189,7289,97010,26010,48310,2119,6179,7889,5338,8518,4348,1189,1588,4487,4978,0138,5395,5038,6909,8279,4732,9696,3347,0757,6618,18600
Other income4602102982403102743062392251772442082262381829455.513112015814568.320613415015718516522400
Total expenses11,62111,29610,87910,5848,5418,7508,9789,1718,9748,4278,6208,3867,8407,5097,3738,2927,6936,8227,2177,6415,1697,6498,5708,3593,0435,8416,2406,7407,26600
EBITDA1,7461,9221,8461,8641,4131,4411,5081,5361,4611,3941,3851,3601,2121,1249421,0869418569831,0865201,2271,4481,3081176861,0581,1441,17300
EBITDA margin13.3%14.8%14.8%15.3%14.5%14.5%14.7%14.7%14.3%14.5%14.1%14.3%13.7%13.3%11.6%11.9%11.1%11.4%12.3%12.7%9.4%14.1%14.7%13.8%3.9%10.8%14.9%14.9%14.3%––
Finance costs21.418.719.619.320.716.916.618.318.97.622.7252119.124.247.713.91312.71413.512.610.910.712.210.111.713.81100
Depreciation22022121921020620420920620519719418718018017217317316817417417317418018317918321121024200
Profit before tax1,9651,8931,7871,8751,4971,4941,5891,5501,4621,3671,4121,3561,0761,1639289608108069161,0564791,1091,4631,24876.56501,0191,0251,88200
Tax50336741745642039638939837534936535328131728925420316523224586.826133529720.123.713915563300
Net profit1,4181,4741,2751,3211,7061,1691,1081,0661,0329431,0911,0077018117216825866217047482568851,02996457.86149058841,25700
Net margin10.8%11.4%10.2%10.8%17.5%11.7%10.8%10.2%10.1%9.8%11.1%10.6%7.9%9.6%8.9%7.4%6.9%8.3%8.8%8.8%4.7%10.2%10.5%10.2%1.9%9.7%12.8%11.5%15.4%––
EPS (₹)70.5972.9863.3665.4185.2658.0855.3853.1952.3146.7854.7150.3435.5440.2936.3334.4529.5530.5935.2337.3212.8244.1051.0247.992.9630.2745.1544.2562.920.000.00
Net profit YoY−16.9%+26.1%+15.0%+23.9%+65.2%+23.9%+1.6%+5.9%+47.3%+16.4%+51.3%+47.6%+19.6%+30.7%+2.4%−8.8%+128.3%−29.9%−31.6%−22.4%+343.9%+44.2%+13.7%+9.1%−95.4%––––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19FY18
Revenue from operations47,41140,92337,78934,15829,55130,95929,25533,97233,101
Other income1,0581,044855569555558731687523
Total expenses41,29935,87333,27330,86726,84927,62126,08729,61528,382
EBITDA7,0455,9465,3504,0943,4454,1004,0615,0185,325
EBITDA margin14.9%14.5%14.2%12.0%11.7%13.2%13.9%14.8%16.1%
Finance costs78.370.776.410553.146.446.637.230.8
Depreciation855825757697690715846624575
Profit before tax7,0516,0955,2103,8613,2573,8964,5765,0445,242
Tax1,6601,5581,3481,0647299139521,6381,570
Net profit5,7764,3763,7422,8002,3292,9363,6593,4663,722
Net margin12.2%10.7%9.9%8.2%7.9%9.5%12.5%10.2%11.2%
EPS (₹)287.01218.96187.36140.62115.96146.07182.15172.45186.30
Net profit YoY+32.0%+16.9%+33.7%+20.2%−20.7%−19.8%+5.6%−6.9%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow8,3154,2974,9232,6142,104
Investing cash flow−4,478−1,703−1,828−421−222
Financing cash flow−3,534−2,815−2,717−2,147−1,975
Capital expenditure1,100857788604570
Free cash flow (CFO − capex)7,2153,4414,1352,0101,534

Net profit trend

annual, ₹ crore
FY21
₹2,936
FY22
₹2,329−21%
FY23
₹2,800+20%
FY24
₹3,742+34%
FY25
₹4,376+17%
FY26
₹5,776+32%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated6 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone6 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated5 May 2026PDF on NSE XBRL
Q4 FY26Standalone5 May 2026PDF on NSE XBRL
Q3 FY26Consolidated5 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone5 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated13 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone13 Nov 2025PDF on NSE XBRL
Q1 FY26Consolidated6 Aug 2025PDF on NSE XBRL
Q1 FY26Consolidated–PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 19.1×19.5×
P/B5Y avg 4.31×4.96×
ROEFY26, on average equity28.3%
Net margin12.2%
Debt / equity0.02×
Revenue CAGR (3Y)11.5%
Profit CAGR (3Y)27.3%
EPS (TTM)₹274.26
Market cap₹1.07L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
4.96×
vs 8-point avg 4.31× (+15%)
2.82× low4.31× avg6.01× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹33,453 Cr+18%
Net worth₹21,611 Cr+12%
Total borrowings₹499 Cr+9%
Cash & bank balances₹687 Cr+79%
Investments₹15,385 Cr+35%
Inventories₹2,650 Cr+32%
Trade receivables₹2,340 Cr−31%
Trade payables₹7,676 Cr+35%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter34.7334.7334.7334.7334.7434.7434.7434.7534.7634.7634.7634.77
FII31.0931.1529.4428.7627.0527.4327.9629.5929.8728.9328.3426.80
DII24.3624.7826.3626.3927.8327.9027.7226.9426.8827.7628.1029.14
of which MF13.6313.2814.4114.3515.52–––––––
Retail7.747.417.497.587.988.037.646.896.706.716.647.15
Other public2.081.931.982.542.401.901.941.831.791.842.162.14
8,87,953 shareholders · NSE shareholding pattern filings.