Hero Motocorp
- Market cap
- ₹ 1,00,778 Cr.
- P/E
- 19.2x
- P/B
- 4.75x
- 52-week range
- 4,671.5 – 6,388.5
- ROE
- 28%
- ROCE
- 35%
- Dividend yield
- 3.6%
- Debt / equity
- 0.04
- Sector
- Automobiles
- Industry
- 2/3 Wheelers
- Listed on
- NSE, BSE
About
Hero MotoCorp Limited is an India-based two-wheeler manufacturing company. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services. Its product category includes motorcycles, scooters, and parts. Its motorcycle products are XTREME 250R, XPULSE 210, GLAMOUR X, KARIZMA XMR, HF 100, XTREME 125R, SPLENDOR+, GLAMOUR XTEC, XTREME 160R 4V, MAVRICK 440, and others. Its scooter products include XOOM 160, Pleasure+ XTEC, XOOM, Destini PRIME, and NEW DESCTINI 125. Its accessories include Hero H1 Bluetooth helmet device, Smart Intercom Helmet Device, Tourer Magnetic Tank Bag, and Adventure Magnetic Tank Bag. The Company's electric vehicles are VIDA V2 PRO, VIDA V2 PLUS and VIDA V2 LITE. It also provides periodic maintenance for accidental repair with a range of parts, engine oil, and accessories. The Company's subsidiaries include HMCL Americas Inc. USA, HMCL Netherlands B.V., HMC MM Auto Limited, and Hero Tech Centre Germany GmbH.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
2/3 Wheelers: 13 companies →Hero Motocorp against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)19.2 against a typical 22: cheaper than most peers (1st = cheapest).5th of 11
- Sales growth+34.9% against a typical +34.2% from a year earlier.4th of 8
- Profit growth−16.9% against a typical +21.4% from a year earlier.4th of 5
- Share price, 3 months+3.4% against a typical −4.2%.4th of 11
- Size₹ 1,00,778.1 Cr. market value against a typical ₹ 2,157 Cr. (1st = largest).3rd of 11
Latest announcements
Exchange filings and their impact on the company.
- Hero launched the new Xtreme 160R 4V and refreshed Xtreme 250R to accelerate premium growth.
Hero MotoCorp launched the all-new Xtreme 160R 4V priced at Rs 1.27-1.41 lakh and the refreshed Xtreme 250R priced at Rs 1.98 lakh (ex-showroom Delhi). Both offer segment-first cruise control, ride-by-wire with ride modes and new TFT consoles, with bookings opening 17 October 2026 and deliveries from 1 November 2026. The twin launch strengthens Hero's premium portfolio and should add modest incremental sales and better mix over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 27 Feb 2026 |
| ICRA | [ICRA]AAA | Stable | 30 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Feb 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 1,031 Cr. | |
| 30 Oct 2025 | Reaffirmed | [ICRA]AAA | — | ICRA | ₹ 1,115 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | To consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. |
| 6 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results | Hero MotoCorp Limited wishes to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, May 5, 2026, inter alia, to consider and approve the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. |
| 5 Feb 2026 | Dividend | In continuation of our letter dated January 21, 2026, wherein we informed that a meeting of the Board of Directors is scheduled to be held on Thursday, February 05, 2026, inter alia, to consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter and nine months period ended December 31, 2025. Pursuant to Regulation 29 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that in the said meeting, the Board of Directors may also consider declaration of interim dividend, if any, for the financial year 2025-26. |
| 13 Nov 2025 | Financial Results | Board Meeting Intimation for consideration and approval of the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. |
| 6 Aug 2025 | Financial Results | To consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025. |
| 13 May 2025 | Financial Results/Dividend | To consider and approve the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2025 and to consider and recommend the final dividend, if any, for the financial year 2024-25. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,533 | 9,788 | 9,617 | 10,211 | 10,483 | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 |
| Expenses | 8,174 | 8,403 | 8,298 | 8,804 | 9,033 | 8,844 | 8,529 | 8,315 | 10,452 | 10,735 | 11,109 | 11,424 |
| Operating Profit | 1,360 | 1,385 | 1,319 | 1,407 | 1,450 | 1,416 | 1,441 | 1,413 | 1,766 | 1,752 | 1,870 | 1,702 |
| OPM % | 14% | 14% | 14% | 14% | 14% | 14% | 14% | 15% | 14% | 14% | 14% | 13% |
| Other Income | 213 | 288 | 177 | 225 | 239 | 306 | 345 | 939 | 240 | 179 | 210 | 460 |
| Interest | 25 | 23 | 8 | 19 | 18 | 17 | 17 | 21 | 19 | 20 | 19 | 21 |
| Depreciation | 187 | 194 | 197 | 205 | 206 | 209 | 204 | 206 | 210 | 219 | 220 | 220 |
| Profit before tax | 1,360 | 1,456 | 1,292 | 1,408 | 1,464 | 1,497 | 1,565 | 2,126 | 1,777 | 1,692 | 1,841 | 1,921 |
| Tax % | 26% | 25% | 27% | 27% | 27% | 26% | 25% | 20% | 26% | 25% | 20% | 26% |
| Net Profit | 1,007 | 1,091 | 943 | 1,032 | 1,066 | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 |
| EPS in Rs | 50.35 | 54.7 | 46.77 | 52.31 | 53.19 | 55.38 | 58.06 | 85.26 | 65.42 | 63.35 | 72.97 | 70.59 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 9%
- 3 Years
- 12%
- TTM
- 26%
- 10 Years
- 7%
- 5 Years
- 16%
- 3 Years
- 28%
- TTM
- 10%
- 10 Years
- 6%
- 5 Years
- 16%
- 3 Years
- 25%
- TTM
- —
- 10 Years
- 23%
- 5 Years
- 21%
- 3 Years
- 24%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hero Motocorp | ₹ 5,322.50 | ₹ 1,00,778 Cr. | 19.2x | 4.8x | 28% | — |
| Bajaj Auto | ₹ 10,080.00 | ₹ 2,77,002 Cr. | 27.1x | 7.5x | 29% | 16.8% |
| TVS Motor Company | ₹ 3,977.00 | ₹ 1,88,942 Cr. | 56.6x | 18x | 33.4% | 5.7% |
| Tube Investments of India | ₹ 2,076.00 | ₹ 40,186 Cr. | 82.5x | 7.2x | 9.6% | 4.9% |
| Ather Energy | ₹ 1,383.85 | ₹ 54,900 Cr. | — | 19.1x | −33.7% | −14.1% |
| Ola Electric Mobility | ₹ 29.90 | ₹ 13,839 Cr. | — | 5x | −43.2% | −81.4% |
Management
- Pawan Munjal
- Executive Chairman of the Board
- Harshavardhan Chitale
- Chief Executive Officer
- Vivek Anand
- Chief Financial Officer
- Madhuri Mehta
- Chief Human Resources Officer
- Sanjay Bhan
- Executive Vice President - Global Business, Global Product Planning and Market Insights
- Sachin Agrawal
- Chief Technology Officer
- Prabhat Singh
- Compliance Officer, Company Secretary
- Pooja Yadava
- General Counsel
Prices are delayed and for information only. Nothing on this page is investment advice.