Hero MotoCorp Ltd
Hero MotoCorp Ltd (HEROMOTOCO) last reported results for the quarter ended Jun 2026, with sales of ₹13,126 crore and net profit of ₹1,418 crore. The stock last traded at ₹4,896, a market capitalisation of ₹97,909 crore, on a P/E of 17.7. Over the past 52 weeks the stock has ranged between ₹4,672 and ₹6,390. Figures are as of 9 Oct 2026 and are not real time.
Hero MotoCorp Ltd share price and key metrics
- Current price
- ₹4,896
- Market cap
- ₹97,909 cr
- Stock P/E
- 17.7
- Book value
- ₹1,080
- ROE
- 28.1%
- ROCE
- 35.2%
- Dividend yield
- 3.78%
- 52w high / low
- 6390/4672
Metrics as of 9 Oct 2026. Not real time.
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Hero MotoCorp Ltd growth and returns
- 10 Years
- 5%
- 5 Years
- 9%
- 3 Years
- 12%
- TTM
- 26%
- 10 Years
- 7%
- 5 Years
- 16%
- 3 Years
- 28%
- TTM
- 10%
- 10 Years
- 3%
- 5 Years
- 11%
- 3 Years
- 18%
- 1 Year
- -11%
- 10 Years
- 23%
- 5 Years
- 21%
- 3 Years
- 24%
- Last Year
- 28%
Hero MotoCorp Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹13,126 cr, up 34.9% from ₹9,728 cr a year earlier. Net profit was ₹1,418 cr, down 16.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10,483 | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 |
| Expenses | 9,033 | 8,844 | 8,529 | 8,315 | 10,452 | 10,735 | 11,109 | 11,424 |
| Operating profit | 1,450 | 1,416 | 1,441 | 1,413 | 1,766 | 1,752 | 1,870 | 1,702 |
| OPM % | 14% | 14% | 14% | 15% | 14% | 14% | 14% | 13% |
| Other income | 239 | 306 | 345 | 939 | 240 | 179 | 210 | 460 |
| Interest | 18 | 17 | 17 | 21 | 19 | 20 | 19 | 21 |
| Depreciation | 206 | 209 | 204 | 206 | 210 | 219 | 220 | 220 |
| Profit before tax | 1,464 | 1,497 | 1,565 | 2,126 | 1,777 | 1,692 | 1,841 | 1,921 |
| Tax % | 27% | 26% | 25% | 20% | 26% | 25% | 20% | 26% |
| Net profit | 1,066 | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 |
| EPS (₹) | 53.19 | 55.38 | 58.06 | 85.26 | 65.42 | 63.35 | 72.97 | 70.59 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Hero MotoCorp Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28,610 | 32,458 | 33,971 | 29,254 | 30,959 | 29,551 | 34,158 | 37,789 | 40,923 | 47,411 | 50,810 |
| Operating profit | 4,585 | 5,334 | 5,025 | 4,070 | 4,058 | 3,256 | 4,099 | 5,235 | 5,789 | 7,059 | 7,090 |
| OPM % | 16% | 16% | 15% | 14% | 13% | 11% | 12% | 14% | 14% | 15% | 14% |
| Net profit | 3,546 | 3,722 | 3,466 | 3,659 | 2,936 | 2,329 | 2,800 | 3,742 | 4,376 | 5,776 | 5,488 |
| EPS (₹) | 179.49 | 186.29 | 172.44 | 182.14 | 146.05 | 115.95 | 140.61 | 187.31 | 218.91 | 286.96 | 272.33 |
TTM is the trailing twelve months to the most recent quarter.
Hero MotoCorp Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 10,276 | 11,932 | 13,080 | 14,366 | 15,376 | 15,807 | 16,616 | 17,659 | 19,232 | 21,571 |
| Borrowings | 261 | 228 | 312 | 453 | 584 | 605 | 568 | 606 | 700 | 779 |
| Other liabilities | 4,736 | 5,197 | 5,072 | 4,815 | 7,096 | 6,027 | 6,694 | 7,847 | 8,418 | 11,063 |
| Total liabilities | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 |
| Fixed assets | 4,599 | 4,961 | 4,952 | 6,473 | 6,380 | 6,194 | 6,159 | 6,232 | 6,283 | 6,374 |
| CWIP | 581 | 355 | 573 | 391 | 495 | 517 | 454 | 484 | 487 | 765 |
| Investments | 6,066 | 7,669 | 6,114 | 8,359 | 10,582 | 10,528 | 10,891 | 12,751 | 14,384 | 19,286 |
| Other assets | 4,066 | 4,411 | 6,865 | 4,451 | 5,639 | 5,240 | 6,413 | 6,685 | 7,236 | 7,028 |
| Total assets | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 |
As reported by the company. Total assets equal total liabilities by construction.
Hero MotoCorp Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 4,007 | 4,017 | 1,032 | 5,518 | 4,110 | 2,104 | 2,614 | 4,923 | 4,297 | 8,315 |
| Cash from investing | -1,972 | -1,858 | 1,298 | -2,819 | -2,289 | -222 | -421 | -1,828 | -1,703 | -4,478 |
| Cash from financing | -2,036 | -2,102 | -2,252 | -2,602 | -1,852 | -1,975 | -2,147 | -2,717 | -2,815 | -3,534 |
| Net cash flow | -1 | 57 | 78 | 97 | -31 | -94 | 45 | 379 | -221 | 303 |
| Free cash flow | 2,771 | 3,196 | 57 | 4,230 | 3,537 | 1,545 | 2,052 | 4,146 | 3,463 | 7,227 |
| CFO / operating profit | 113% | 104% | 62% | 149% | 125% | 89% | 85% | 119% | 101% | 134% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Hero MotoCorp Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 48% | 45% | 39% | 27% | 24% | 18% | 23% | 29% | 30% | 35% |
| Debtor days | 20 | 16 | 29 | 19 | 27 | 27 | 29 | 25 | 30 | 18 |
| Inventory days | 14 | 16 | 19 | 24 | 30 | 26 | 27 | 25 | 27 | 31 |
| Days payable | 62 | 56 | 54 | 58 | 88 | 76 | 73 | 80 | 77 | 88 |
| Cash conversion cycle | -29 | -24 | -5 | -15 | -32 | -23 | -17 | -30 | -20 | -40 |
| Working capital days | -17 | -15 | 6 | -10 | -21 | -14 | -7 | -17 | -11 | -31 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Hero MotoCorp Ltd shareholding pattern
Promoters held 34.73% at Jun 2026, broadly unchanged since Jun 2025. FIIs 31.09% and DIIs 24.26%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 34.75% | 34.75% | 34.74% | 34.74% | 34.73% | 34.73% | 34.73% | 34.73% |
| FIIs | 29.59% | 27.95% | 27.43% | 27.05% | 28.76% | 29.43% | 31.15% | 31.09% |
| DIIs | 26.94% | 27.70% | 27.89% | 27.77% | 26.32% | 26.28% | 24.69% | 24.26% |
| Government | 0.00% | 0.01% | 0.01% | 0.05% | 0.08% | 0.08% | 0.08% | 0.09% |
| Public | 8.72% | 9.58% | 9.91% | 10.39% | 10.11% | 9.48% | 9.34% | 9.82% |
| No. of shareholders | 7,61,259 | 8,74,658 | 9,47,407 | 8,92,622 | 8,97,033 | 8,72,499 | 8,95,516 | 8,87,953 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Hero MotoCorp Ltd corporate filings
- Hero MotoCorp issues press release; no financial or operational details disclosedCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp Ltd has released a press statement without additional financial…
Read the full analysis - Please be informed that the trading window for dealing in the securities of the Company will remain closed from Thursday, October 1, 2026 till 48 hours after the declaration of financial ....Insider Trading / SASTlow impact
- Hero MotoCorp Ltd announces schedule for investor conferenceCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has issued a routine intimation regarding an upcoming investor conference…
Read the full analysis - Hero MotoCorp receives independent ESG score of 74 from Niche Ninety Nine Capability and CertificationsCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has been assigned an independent ESG score of 74 by Niche Ninety Nine…
Read the full analysis - Hero MotoCorp Ltd announces newspaper publication for issuance of duplicate share certificatesCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has published a mandatory newspaper advertisement regarding the issuance of…
Read the full analysis - Hero MotoCorp Ltd announces schedule for investor conferenceCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has issued a routine intimation regarding an upcoming investor conference…
Read the full analysis - Hero MotoCorp Ltd: Routine regulatory disclosure under SEBI Regulation 30Company Updatelow impact
Cruxal's analysis: Hero MotoCorp has filed a routine disclosure pursuant to Regulation 30 of the SEBI…
Read the full analysis - Hero MotoCorp announces special window for transfer and dematerialization of physical securitiesCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has published a newspaper advertisement regarding the opening of a special…
Read the full analysis - Hero MotoCorp Ltd issues routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Hero MotoCorp has filed a routine press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Hero MotoCorp appoints Suresh Kumar P as Chief Digital & Information Officer to drive technology-led transformationCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp Limited has announced the appointment of Mr. Suresh Kumar P as the new…
Read the full analysis - Hero MotoCorp increases stake in Ather Energy to 32.8% with a 1,758 crore investmentCompany Updatehigh impact
Cruxal's analysis: Hero MotoCorp has completed the acquisition of 1 crore 18 lakh 80 thousand equity shares…
Read the full analysis - Hero MotoCorp to increase stake in Ather Energy to 32.8% via 1,758 crore cash investmentCompany Updatehigh impact
Cruxal's analysis: Hero MotoCorp Limited has announced the acquisition of additional equity shares in its…
Read the full analysis - Hero MotoCorp Ltd announces schedule for investor meetingsCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has filed an intimation regarding upcoming investor meetings or conferences…
Read the full analysis - Hero MotoCorp executes INR 960 crore investment in Ather Energy via convertible warrantsCompany Updatehigh impact
Cruxal's analysis: Hero MotoCorp has completed the allotment process for 76.19 lakh convertible warrants in…
Read the full analysis - Hero MotoCorp issues notice to shareholders regarding withheld FY 2025-26 final dividendsCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has filed a disclosure under Regulation 30 of the SEBI (LODR) Regulations…
Read the full analysis - Hero MotoCorp receives independent ESG score of 70 from CRISILCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has been assigned an independent ESG score of 70 by CRISIL ESG Ratings &…
Read the full analysis - Hero MotoCorp appoints Srihari Mulgund as Chief Strategy Officer to bolster new-age mobility and EV initiativesCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp Limited has announced the appointment of Mr. Srihari Mulgund as its new…
Read the full analysis - Hero MotoCorp Ltd announces newspaper publication for issuance of duplicate share certificatesCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has published a mandatory newspaper advertisement regarding the issuance of…
Read the full analysis - Hero MotoCorp Ltd announces schedule for investor conferenceCompany Updatelow impact
Cruxal's analysis: Hero MotoCorp has issued a regulatory filing pursuant to Regulation 30 of the SEBI (LODR)…
Read the full analysis - Hero MotoCorp Q1 FY27 Earnings Call: Strong Revenue Growth of 36% YoY Driven by Premiumization and EV ExpansionCompany Updatehigh impact
Cruxal's analysis: Hero MotoCorp reported a strong Q1 FY27 performance with revenue from operations of INR…
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