Hero MotoCorp financials

·Auto & MobilityChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹14,971cr+22.5% on Q2 FY26
Net profit
₹1,861cr+40.8% on Q2 FY26
EBITDA margin
13.3%−1.9 pts on Q2 FY26
EPS
₹92.99+42.2% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue14,97112,218+22.5%
EBITDA1,9971,864+7.1%
EBITDA margin13.3%15.3%−1.9 pts
Profit before tax1,9441,875+3.7%
Net profit1,8611,321+40.8%
EPS₹92.99₹65.41+42.2%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹14,971 crNet profit₹1,861 crNet margin12.4%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
1,06,503————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
9,80112,8927,0204,9103,898
211200132136125
499499457363313
97,412————
53,56247,41140,92337,78934,158
—+15.9%+8.3%+10.6%—
7,5117,0455,9465,3504,094
14.0%14.9%14.5%14.2%12.0%
6,6216,1905,1214,5923,396
6,0285,7764,3763,7422,800
11.3%12.2%10.7%9.9%8.2%
₹299.91₹286.94₹218.81₹187.15₹139.93
—+31.1%+16.9%+33.7%—
—8,3154,2974,9232,614
—−1,100−857−788−604
7,2157,2153,4414,1352,010
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

HEROMOTOCO₹5,322.50

Hero MotoCorp Ltd.

· Auto & Mobility
₹ CrorePeersBAJAJ-AUTOTVSMOTOREICHERMOTBHARATFORGTIINDIAEXIDEINDHYUNDAIMRFMcap ₹1.07L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————1,06,503.2
- Cash, Equiv & ST Investments3,898.24,910.07,019.512,891.59,800.6
+ Minority Interest125.1135.7132.1199.8210.7
+ Total Debt313.2363.4456.8498.6498.6
Enterprise Value————97,411.9
Revenue34,158.437,788.640,923.447,411.253,562.0
Growth %, YoY—+10.6+8.3+15.9—
EBITDA4,093.85,349.65,945.87,045.17,511.3
Margin %11.9814.1614.5314.8614.02
EBIT3,396.44,592.35,121.36,190.16,620.6
Net Income2,799.93,742.24,375.85,775.76,027.6
Margin %8.209.9010.6912.1811.25
EPS, Adj (current shares)139.93187.15218.81286.94299.91
Growth %, YoY—+33.7+16.9+31.1—
Cash from Operations2,613.84,923.14,297.48,314.6—
Capital Expenditures-604.3-787.9-856.6-1,100.1—
Free Cash Flow2,009.64,135.23,440.87,214.57,214.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Hero MotoCorp financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Hero MotoCorp (NSE: HEROMOTOCO) had a market capitalisation of ₹1,02,177 crore at the 29 October 2026 close (₹5,105.00 a share), a PE ratio of 17.0 on the last four quarters' profit and a price-to-book ratio of 4.36. In FY26 its consolidated net profit attributable to shareholders was ₹5,742 crore on revenue of ₹47,411 crore; in Q2 FY27 (July–September 2026) it was ₹1,861 crore, up 42.2% year on year. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 34.72% of the shares on 30 September 2026.

Hero MotoCorp Q2 FY27 results
filed 28 October 2026
Share price used
₹5,105.00 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Hero MotoCorp at a glance · consolidated

Market cap
₹1,02,177 Crat ₹5,105.00 · 29 Oct close
PE ratio (last 4 quarters)
17.017.8 on FY26 profit
Price to book (PB)
4.36book value ₹1,169.58 a share
ROE (FY26)
28.1%+4.4 pts vs FY25ROCE 27.8%
Debt to equity
0.02net cash ₹9,289 Cr
Promoter holding
34.72%unchanged vs 30 Jun 202630 September 2026
Dividend yield
3.62%₹185 a share in 12 months
Net worth
₹23,409 Cr+11.4% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹7,215 Cr+109.7% vs FY25

Questions

What is the Hero MotoCorp PE ratio today?

Hero MotoCorp's PE ratio is 17.0 at the 29 October 2026 close (₹5,105.00 a share): a market capitalisation of ₹1,02,177 crore divided by consolidated net profit attributable to shareholders of ₹6,001 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹5,742 crore) it is 17.8.

What is the Hero MotoCorp net worth?

Hero MotoCorp's net worth — shareholders' equity in its consolidated balance sheet — was ₹23,409 crore on 30 September 2026, up 11.4% from ₹21,005 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,02,177 crore at the 29 October 2026 close.

What is the Hero MotoCorp book value per share?

Hero MotoCorp's book value per share was ₹1,169.58 on 30 September 2026: shareholders' equity of ₹23,409 crore divided by the 20.02 crore shares in issue, up 11.4% from ₹1,049.99 a year earlier. The share price at the 29 October 2026 close was ₹5,105.00.

What is the Hero MotoCorp PB ratio (price to book value)?

Hero MotoCorp's price-to-book (PB) ratio is 4.36 at the 29 October 2026 close: a market capitalisation of ₹1,02,177 crore divided by shareholders' equity (book value) of ₹23,409 crore on 30 September 2026. That is a book value of ₹1,169.58 per share against a share price of ₹5,105.00.

What is the Hero MotoCorp debt to equity ratio?

Hero MotoCorp's debt-to-equity ratio was 0.02 on 30 September 2026: borrowings of ₹589 crore against total equity of ₹23,620 crore. A year earlier, on 30 September 2025, it was 0.02.

What is the Hero MotoCorp ROE and ROCE?

In FY26, Hero MotoCorp's return on equity (ROE) was 28.1% and its return on capital employed (ROCE) was 27.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 23.7% and ROCE 25.6%.

What is the Hero MotoCorp market cap?

Hero MotoCorp's market capitalisation was ₹1,02,177 crore (₹1.02 lakh crore) at the 29 October 2026 close: 20.02 crore shares at ₹5,105.00 each.

Is Hero MotoCorp debt free?

No. Hero MotoCorp had borrowings of ₹589 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹9,878 crore, so it held net cash of ₹9,289 crore.

What is the Hero MotoCorp EPS?

Hero MotoCorp's basic earnings per share (EPS) were ₹287.01 in FY26, against ₹218.96 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹299.92.

What is the Hero MotoCorp dividend yield?

Hero MotoCorp's dividend yield is 3.62% at the 29 October 2026 close: dividends of ₹185 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹5,105.00. They were ₹75 on 24 July 2026 and ₹110 on 11 February 2026 (interim).

What is the Hero MotoCorp promoter holding?

Promoters held 34.72% of Hero MotoCorp on 30 September 2026, down 0.01 percentage points from 34.73% the previous quarter and down 0.01 percentage points from 34.73% a year earlier, according to the shareholding pattern filed with NSE.

What is the Hero MotoCorp free cash flow?

In FY26, Hero MotoCorp generated ₹8,315 crore of cash from operations and spent ₹1,100 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹7,215 crore. In FY25 it was ₹3,441 crore.

What is the Hero MotoCorp dividend in 2026 and its record date?

In 2026, Hero MotoCorp has declared two dividends totalling ₹185 a share: ₹110 (interim) with record date 11 February 2026 and ₹75 with record date 24 July 2026.

What are the Hero MotoCorp latest quarterly results?

Hero MotoCorp's latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit attributable to shareholders ₹1,861 crore, up 42.2% from ₹1,309 crore in Q2 FY26; revenue from operations ₹14,971 crore, up 22.5% year on year.

When are the Hero MotoCorp next results?

Hero MotoCorp has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the Hero MotoCorp shareholding pattern?

On 30 September 2026, Hero MotoCorp's shares were held by promoters 34.72%, foreign portfolio investors (FII/FPI) 32.22%, domestic institutions (DII) 23.94% (including mutual funds at 12.27%) and retail and other non-institutional investors 9.12%. Over the year, FII holding was up 3.46 percentage points from 28.76% and DII holding was down 2.45 percentage points from 26.39%.

What is the Hero MotoCorp revenue and profit in FY26?

In FY26 (April 2025–March 2026), Hero MotoCorp's consolidated net profit attributable to shareholders was ₹5,742 crore, up 31.1% from ₹4,378 crore in FY25, on revenue from operations of ₹47,411 crore (up 15.9%). Over three years, from FY23, net profit was up 105.1%.

How does the Hero MotoCorp PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Hero MotoCorp's PE ratio is 17.8, the lowest of the four: Bajaj Auto 26.6, TVS Motor 67.4 and Eicher Motors 36.0, a peer average of 43.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Hero MotoCorp compare with its peers?

On FY26 consolidated figures, against Bajaj Auto, TVS Motor and Eicher Motors: Hero MotoCorp's operating margin of 13.1% is the third highest of the four (Bajaj Auto 19.7%, TVS Motor 12.7%, Eicher Motors 21.1%; peer average 17.9%); its return on equity of 28.1% is the third highest of the four (Bajaj Auto 29.0%, TVS Motor 33.4%, Eicher Motors 23.8%; peer average 28.7%); its revenue growth over three years of 11.6% a year is the lowest of the four (Bajaj Auto 19.9% a year, TVS Motor 20.6% a year, Eicher Motors 17.5% a year; peer average 19.3% a year).

Hero MotoCorp vs Bajaj Auto: how do they compare?

In FY26, Hero MotoCorp earned net profit attributable to shareholders of ₹5,742 crore on revenue of ₹47,411 crore, against ₹10,744 crore on ₹62,905 crore for Bajaj Auto. Hero MotoCorp's operating margin was 13.1% (Bajaj Auto 19.7%) and its return on equity 28.1% (Bajaj Auto 29.0%). At the 29 October 2026 close, Hero MotoCorp's market capitalisation was ₹1,02,177 crore against ₹2,85,335 crore for Bajaj Auto, and its PE ratio on FY26 profit 17.8 against 26.6.

Where do these Hero MotoCorp figures come from?

From Hero MotoCorp's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.