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Hero MotoCorp Ltd.

Automobile & AncillariesAutomobile Two & Three Wheelers

www.heromotocorp.com BSE: 500182NSE: HEROMOTOCO

₹5,055.00BSE1.16%

23 Oct, 1:49 PM

₹5,055.00

₹1.02L Cr

18.80

4.45

28.31%

₹5,171.45

₹4,994.40

₹6,390.00

₹4,671.55

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Price Performance

Peer Comparison

Name
BAJAJ AUTO BAJAJ-AUTO	10,064.15	23.68	2,76,566.70	1.48	3,188.75	44.26%	21,688.83	65.14%	28.68
EICHER MOTOR EICHERMOT	7,010.00	33.85	1,92,439.72	1.15	1,462.51	21.35%	6,632.42	31.55%	30.54
TVS MOTOR L TVSMOTOR	3,960.00	55.13	1,88,134.50	0.30	1,057.61	64.52%	16,295.52	33.46%	18.24
Hero MotoCorp Ltd. HEROMOTOCO	5,055.00	18.80	1,02,462.29	3.61	1,417.93	-16.87%	13,126.35	34.94%	35.92
ATHERENERG ATHERENERG	1,377.65		54,653.87	0.00	-51.09	71.33%	1,216.92	88.79%
OLAELEC OLAELEC	29.96		14,976.05	0.00	-336.00	21.50%	455.00	-45.05%	-20.87
ATUL AUTO ATULAUTO	387.95	23.56	1,076.61	0.75	8.04	290.29%	218.43	42.97%	11.27
URJA URJA	7.70	399.31	429.05	0.00	0.43	-55.42%	13.96	-26.56%	1.40

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	8,013.08	7,496.55	8,447.54	9,158.23	8,118.33	8,434.28	8,851.01	9,533.07	10,210.79	10,482.93	10,259.89	9,969.81	9,727.75	12,218.39	12,486.82	12,978.28	13,126.35
Expenses	7,029.98	6,640.60	7,506.17	8,071.76	7,176.60	7,310.08	7,639.38	8,173.52	8,749.51	8,946.84	8,752.17	8,529.06	8,314.85	10,354.35	10,640.60	11,056.31	11,380.24
	983.10	855.95	941.37	1,086.47	941.73	1,124.20	1,211.63	1,359.55	1,461.28	1,536.09	1,507.72	1,440.75	1,412.90	1,864.04	1,846.22	1,921.97	1,746.11
	12.27%	11.42%	11.14%	11.86%	11.60%	13.33%	13.69%	14.26%	14.31%	14.65%	14.70%	14.45%	14.52%	15.26%	14.79%	14.81%	13.30%
	120.22	131.44	55.53	93.99	181.95	237.54	65.55	208.10	224.81	238.66	306.42	274.19	309.94	240.39	178.76	210.04	459.74
Interest	12.70	12.97	13.92	47.66	24.19	19.11	21.01	24.98	18.85	18.32	16.55	16.93	20.66	19.25	19.64	18.72	21.41
	174.39	168.38	172.84	172.83	171.97	179.75	179.74	187.09	205.44	206.10	208.91	204.14	205.61	210.27	218.61	220.50	219.83
	935.98	785.73	789.02	935.88	1,010.55	1,128.17	981.94	1,360.10	1,407.66	1,464.05	1,496.94	1,564.91	2,126.01	1,776.88	1,692.17	1,840.52	1,920.72
	24.76%	21.02%	25.78%	27.10%	28.63%	28.13%	28.66%	25.96%	26.67%	27.16%	25.96%	25.32%	19.77%	25.66%	24.64%	19.92%	26.18%
	703.74	611.34	590.37	688.44	726.03	805.12	710.10	1,006.31	1,045.89	1,063.71	1,107.55	1,161.33	1,705.29	1,308.89	1,267.55	1,460.00	1,412.36
	35.22	30.60	29.55	34.46	36.33	40.29	35.53	50.35	52.31	53.19	55.38	58.07	85.26	65.43	63.35	72.96	70.58

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	30,081.14	34,814.33	38,420.42	41,699.74	48,197.83
	29,551.28	34,158.38	37,788.62	40,923.42	47,411.24
EXPENDITURE :
Increase/Decrease in Stock	28.67	-163.69	188.35	-244.34	-303.32
Raw Material Consumed	20,891.69	24,089.53	25,272.35	27,050.45	31,879.20
Power & Fuel Cost	109.72	114.56	120.18	131.13	144.83
Employee Cost	1,995.78	1,961.08	2,154.09	2,364.93	2,496.28
Other Manufacturing Expenses	230.58	779.16	928.08	1,059.14	1,120.91
General and Administration Expenses	133.22	139.16	134.10	128.47	149.87
Selling and Distribution Expenses	1,698.74	1,862.01	2,059.57	2,353.36	2,804.75
Miscellaneous Expenses	1,018.11	1,407.14	1,752.84	2,312.36	2,274.57
	26,106.51	30,188.95	32,609.56	35,155.50	40,567.09
Operating Profit (Excl OI)	3,444.77	3,969.43	5,179.06	5,767.92	6,844.15
	555.01	569.01	866.75	1,044.08	1,058.13
	3,999.78	4,538.44	6,045.81	6,812.00	7,902.28
Interest	53.10	104.88	76.37	70.65	78.27
PBDT	3,946.68	4,433.56	5,969.44	6,741.35	7,824.01
	689.52	573.05	599.00	646.67	654.01
Profit Before Taxation & Exceptional Items	3,257.16	3,860.51	5,370.44	6,094.68	7,170.00
Exceptional Income / Expenses			-159.99		-119.00
	3,257.16	3,863.62	5,090.20	5,933.56	7,435.58
Provision for Tax	729.06	1,063.72	1,348.04	1,557.75	1,659.88
	2,528.10	2,799.90	3,742.16	4,375.81	5,775.70
Extra items				0.00	0.00
Minority Interest	-12.17	10.06	2.67	2.67	-33.97
Share of Associate	-199.05
Consolidated Net Profit	2,316.88	2,809.96	3,744.83	4,378.48	5,741.73
Profit Balance B/F	12,648.70	13,060.05	13,862.79	14,870.51	16,428.19
Appropriations	14,965.58	15,870.01	17,607.62	19,248.99	22,169.92
Equity Dividend %	4,750.00%	5,000.00%	7,000.00%	8,250.00%	9,250.00%
	115.96	140.60	187.34	218.92	286.94
Adjusted EPS	115.96	140.60	187.34	218.92	286.94

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	39.96	39.97	39.98	40.00	40.02
Share Warrants & Outstandings	24.45	35.63	45.63	43.86	42.15
Total Reserves	15,782.24	16,579.97	17,613.31	19,188.18	21,529.02
Reserve excluding Revaluation Reserve	15,782.24	16,579.97	17,613.31	19,188.18	21,529.02
Revaluation reserve	0.00		0.00
	15,846.65	16,655.57	17,698.92	19,272.04	21,611.19
Minority Interest	148.05	125.06	135.65	132.05	199.83
Secured Loans		0.20
Unsecured Loans	36.17	19.89
Deferred Tax Assets / Liabilities	378.21	485.79	570.13	674.92	711.48
Other Long Term Liabilities	370.55	415.96	377.26	340.04	327.75
Long Term Provisions	1,017.73	1,180.65	1,601.15	1,960.84	698.01
Total Non-Current Liabilities	1,802.66	2,102.49	2,548.54	2,975.80	1,737.24
Trade Payables	4,343.09	4,760.14	5,622.90	5,699.66	7,676.27
Other Current Liabilities	698.74	793.25	922.49	1,098.07	1,287.09
Short Term Borrowings	296.65	266.55	343.54	456.76	498.55
Short Term Provisions	179.15	192.68	159.44	221.49	1,965.56
Total Current Liabilities	5,517.63	6,012.62	7,048.37	7,475.98	11,427.47
Total Liabilities	23,314.99	24,895.74	27,431.48	29,855.87	34,975.73
Gross Block	15,199.96	15,766.25	16,414.76	17,186.55	17,981.24
Less: Accumulated Depreciation	9,006.42	9,607.05	10,182.56	10,903.57	11,607.67
Net Block	6,193.54	6,159.20	6,232.20	6,282.98	6,373.57
Capital Work in Progress	149.13	122.09	127.16	105.37	244.70
Non Current Investments	4,657.56	7,219.08	8,446.16	7,748.27	7,081.53
Long Term Investment	4,657.56	7,219.08	8,446.16	7,748.27	7,081.53
Long Term Loans & Advances	1,364.54	1,450.33	1,794.49	1,897.52	321.94
Other Non Current Assets	9.91	178.09	159.12	6.03	6.06
Total Non-Current Assets	12,742.77	15,460.41	17,116.03	16,421.98	14,548.06
Currents Investments	5,870.31	3,671.85	4,305.08	6,635.99	12,204.83
Inventories	1,472.41	1,756.39	1,755.90	2,013.34	2,650.09
Sundry Debtors	2,158.49	2,719.47	2,630.22	3,381.29	2,339.85
Cash and Bank	299.74	422.80	696.47	574.08	766.70
Other Current Assets	572.77	628.44	509.58	263.50	192.96
Short Term Loans and Advances	198.50	236.38	418.20	565.69	2,273.24
Total Current Assets	10,572.22	9,435.33	10,315.45	13,433.89	20,427.67
Net Current Assets (Including Current Investments)	5,054.59	3,422.71	3,267.08	5,957.91	9,000.20
Total Assets	23,314.99	24,895.74	27,431.48	29,855.87	34,975.73
Contingent Liabilities	123.65	128.89	225.00	251.72	83.20
Total Debt	353.48	313.24	363.43	456.76	498.55
	791.90	831.62	883.11	961.41	1,077.91
Adjusted Book Value	791.90	831.62	883.11	961.41	1,077.91

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	3,257.16	3,863.62	5,090.20	5,933.56	7,435.58
Adjustment	299.09	226.97	154.87	171.68	-328.93
Changes In working Capital	-668.47	-620.19	1,007.17	-242.70	2,374.73
Cash Flow after changes in Working Capital	2,887.78	3,470.40	6,252.24	5,862.54	9,481.38
Cash Flow from Operating Activities	2,103.70	2,613.84	4,923.07	4,297.39	8,314.62
Cash Flow from Investing Activities	-221.97	-421.33	-1,827.87	-1,703.36	-4,477.77
Cash Flow from Financing Activitie	-1,975.33	-2,147.23	-2,716.59	-2,815.39	-3,533.69
Net Cash Inflow / Outflow	-93.60	45.28	378.61	-221.36	303.16
Opening Cash & Cash Equivalents	274.62	181.02	226.30	604.91	383.55
Closing Cash & Cash Equivalent	181.02	226.30	604.91	383.55	686.71

Ratios

Valuation

18.80

4.45

11.90

2.02

272.25

1,150.73

Profitability

28.31

35.92

17.82

14.20

11.98

Leverage & Liquidity

0.02

1.79

96.00

Returns

3.61

1.49

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	34.76	34.75	34.74	34.74	34.74	34.73	34.73	34.73	34.73	34.72
	56.75	56.53	55.68	55.33	54.88	55.15	55.80	55.93	55.44	56.16
	8.49	8.72	9.58	9.92	10.38	10.11	9.47	9.34	9.83	9.12
	65.24	65.25	65.26	65.26	65.26	65.27	65.27	65.27	65.27	65.28
No. of Shareholders	3,00,146	7,61,259	8,74,658	9,47,407	8,92,622	8,97,033	8,72,499	8,95,516	8,87,953	8,39,722

Mutual Funds Invested(281)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 162 active funds hold 11.64% in Hero MotoCorp Ltd., contributing to ₹12.21K Cr of holdings

Fund				As of
KO Kotak Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	1,048.20	1.97	20,00,000	Sep '26
KO Kotak Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	987.60	3.26	18,84,382	Sep '26
MI Mirae Asset Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	880.15	2.05	16,79,350	Sep '26
KO Kotak Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	642.02	2.10	12,25,000	Sep '26
MI Mirae Asset Midcap Fund - Growth - Direct PlanMid Cap Fund	565.13	2.89	10,78,292	Sep '26
MI Mirae Asset ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	387.87	1.58	7,40,074	Sep '26
IP ICICI Prudential Business Cycle Fund - Growth - Direct PlanEquity - Thematic Fund - Other	363.35	2.44	6,93,279	Sep '26
IP ICICI Prudential Value Fund - Growth - Direct PlanEquity - Value Fund	345.41	0.60	6,59,056	Sep '26
KO Kotak Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	340.67	2.24	6,50,000	Sep '26
HS HSBC Value Fund - Growth - Direct PlanEquity - Value Fund	306.38	2.09	5,84,578	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-12	Board Meeting	Quarterly Results
2026-07-22	Board Meeting	Quarterly Results
2026-05-05	Ex Dividend	Rs.75.0000 per share(3750%)Final Dividend	2026-07-24	2026-07-24

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Automobile & AncillariesAutomobile Two & Three Wheelers

Hero MotoCorp Ltd. operates in the Automobile & Ancillaries sector under the Automobile Two & Three Wheelers industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

Prabhat Singh

Company Secretary & Compliance Officer

—

Pawan Munjal

Chairman

₹122.31 Cr

Mar '26

Suman Kant Munjal

Non Executive Director

₹36.00 L

Mar '26

Vasudha Dinodia

Non Executive Director

₹69.00 L

Mar '26

Pradeep Dinodia

Non Executive Director

₹1.00 Cr

Mar '26

Tina Trikha

Non Executive Independent Director

₹1.37 Cr

Mar '26

Camille Tang

Non Executive Independent Director

₹74.00 L

Mar '26

BS Dhanoa

Non Executive Independent Director

₹1.57 Cr

Mar '25

Jagmohan Singh Raju

Non Executive Independent Director

₹1.35 Cr

Mar '26

Vikram S Kasbekar

Whole Time Director & Chief Executive Officer

₹14.08 Cr

Mar '25

Birender Singh Dhanoa

Non Executive Independent Director

₹1.29 Cr

Mar '26

Rajnish Kumar

Non Executive Independent Director

₹60.00 L

Mar '26

Vikram Sitaram Kasbekar

Whole Time Director

₹14.99 Cr

Mar '26

HEROMOTOCO Latest News

News

10 of 10 articles

EQUITY19 Oct 2026 · 16:32

Hero MotoCorp informs about analyst meet

EQUITY19 Oct 2026 · 12:18

Hero MotoCorp informs about conference call

EQUITY19 Oct 2026 · 09:56

Hero MotoCorp gains on launching all-new Xtreme 160R 4V, refreshed Xtreme 250R

Bookings for both motorcycles opens from October 17, 2026 and deliveries commence from November 1, 2026

EQUITY14 Oct 2026 · 14:03

Hero MotoCorp informs about press release

COMPANY5 Oct 2026 · 15:27

Hero MotoCorp reports 12% growth in total sales in September

The company's domestic ICE business recorded a growth of 12.37% with dispatches of 7,10,436 units in September 2026

EQUITY2 Sept 2026 · 14:06

Hero MotoCorp declines despite reporting around 3% rise in total sales in August

The company's domestic ICE business recorded dispatches 5,16,747 units in August 2026

COMPANY2 Sept 2026 · 10:47

Hero MotoCorp reports around 3% rise in total sales in August

The company's domestic ICE business recorded dispatches 5,16,747 units in August 2026

EQUITY31 Aug 2026 · 10:29

Hero MotoCorp informs about appointment of chief digital & information officer

EQUITY28 Aug 2026 · 11:20

Hero MotoCorp jumps on getting nod to purchase additional stake in Ather Energy

The Committee of Directors of Company at its meeting held on August 27, 2026, has approved the same

COMPANY28 Aug 2026 · 10:51

Hero MotoCorp gets nod to purchase additional stake in Ather Energy

The Committee of Directors of Company at its meeting held on August 27, 2026, has approved the same

HEROMOTOCO

₹5,055.00

-1.16%