Hero MotoCorp Limited (HEROMOTOCO)

Automobile and Auto Components · Automobiles · NSE · Updated 13 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹5,895 ↑ 23.62% (1Y)

🎯 Key Takeaways

Hero MotoCorp is in a phase of sustained growth driven by volume expansion, premiumisation, and strategic investments in electric mobility and global markets. The company has demonstrated consistent top-line and margin resilience, supported by strong operational execution and high capital returns, positioning it as a cash-generative market leader in the two-wheeler segment.
Revenue grew 2.2% QoQ to ₹12,487 in Q3FY26.
⚠️ Margin pressure could emerge if raw material costs rise or competitive intensity increases in the two-wheeler market.

Market Cap

₹1.01 L Cr

P/E Ratio

18.6

P/B Ratio

5.26

ROE

28.2%

ROCE

33.9%

Debt/Equity

0.02

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About HEROMOTOCO 📊 Interactive Charts

📖 The Story

Hero MotoCorp is in a phase of sustained growth driven by volume expansion, premiumisation, and strategic investments in electric mobility and global markets. The company has demonstrated consistent top-line and margin resilience, supported by strong operational execution and high capital returns, positioning it as a cash-generative market leader in the two-wheeler segment.

📰 What's Happening

In Q1 FY'27, Hero MotoCorp reported 36% YoY revenue growth to ₹12,999 crore and 29% YoY PAT growth to ₹1,454 crore, driven by 23% volume growth and robust segment performance. The board approved the results along with a dividend of Rs.185 per share (9250% total) and incorporated a Section 8 company, Hero MotoCorp Foundation, for CSR activities. Management highlighted accelerating premiumisation, scaling electric mobility, expanding global footprint, and investing in technology and manufacturing to strengthen commuter leadership.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY24	Q1FY25	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26
Revenue	9,617	10,211	10,483	10,260	9,970	9,728	12,218	12,487
Operating Profit	1,571	1,686	1,775	1,814	1,715	1,723	2,104	2,025
OPM %	14.5%	14.3%	14.7%	14.7%	14.4%	14.5%	15.3%	14.8%
Net Profit	943	1,032	1,066	1,108	1,169	1,706	1,321	1,275
EPS	₹46.78	₹52.31	₹53.19	₹55.38	₹58.08	₹85.26	₹65.41	₹63.36

Revenue and profitability have shown a clear upward trajectory over the past eight quarters, with revenue growing from ₹9,617 crore in Q4FY24 to ₹12,999 crore in Q1FY27, and PAT rising from ₹943 crore to ₹1,454 crore. While OPM has remained stable around 14.5–15.3%, the consistent growth in absolute profits and margins reflects operational efficiency. The recent quarter stands out for its scale of growth, though PAT was tempered by a one-time gain in the prior year, indicating underlying strength in core operations.

🔮 Management Outlook & What's Next

Management did not provide formal forward guidance in the latest filings, but in the Q1 FY'27 results commentary, emphasized accelerating premiumisation, scaling electric mobility, expanding global presence, and continuing investments in technology and manufacturing. These strategic priorities were framed as natural extensions of current momentum rather than reactive measures, suggesting confidence in sustained growth drivers.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2023-2024	2023-2024	2024-2025	2024-2025	2025-2026
Equity Capital	40	40	40	40	40
Reserves	17,634	17,659	18,971	19,232	20,965
Borrowings	401	363	357	457	449
Total Liabilities	8,512	8,318	10,127	8,986	11,511
Fixed Assets	5,054	5,213	5,165	5,219	5,132
Investments	8,236	9,668	11,974	11,403	13,327
Total Assets	26,311	26,153	29,261	28,390	32,661

The balance sheet reflects a strong capital structure with negligible debt (D/E of 0.02) and growing equity and reserves, supporting aggressive capital allocation. Total assets have expanded significantly, rising from ₹28,390 crore in FY25 to ₹32,661 crore in FY26, indicating successful asset base expansion. Borrowings remain low and stable, underscoring conservative leverage and financial resilience, enabling flexibility for investments, dividends, and CSR initiatives.

💰 Cash Flow Statement (₹ Cr)

Item	2020-2021
Operating	+4,110
Investing	-2,289
Financing	-1,852
Net Cash Flow	—

⚖️ Peer Comparison — Automobiles

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
TVS Motor Company Limited	8.24 L Cr	393.5	—	—	—
Maruti Suzuki India Limited	4.16 L Cr	27.8	19.8%	15.5%	0.00
Mahindra & Mahindra Limited	3.88 L Cr	22.2	14.6%	20.4%	1.57
Bajaj Auto Limited	2.90 L Cr	32.6	31.6%	25.3%	0.26
Eicher Motors Limited	1.92 L Cr	35.9	28.6%	25.2%	0.01
Hyundai Motor India Limited	1.48 L Cr	27.3	—	—	—
Tata Motors Passenger Vehicles Limited	1.31 L Cr	4.2	—	—	—
Hero MotoCorp Limited	1.01 L Cr	18.6	33.9%	28.2%	0.02
Ather Energy Limited	35,872	—	—	—	—
FORCE MOTORS LTD	26,530	53.0	—	—	—

🔗 Peer Stock Analyses

TVSMOTOR MARUTI M&M BAJAJ-AUTO EICHERMOT

⚠️ Risk Factors

1. Margin pressure could emerge if raw material costs rise or competitive intensity increases in the two-wheeler market. 2. Execution risks in scaling electric mobility and global operations may affect growth targets. 3. Over-reliance on the Indian domestic market, which faces cyclical demand volatility, poses macro-linked exposure. 4. Regulatory or policy shifts in emissions or EV incentives could impact strategic timelines.

📋 Recent Filings

🧠 Analyst's Read

Hero MotoCorp continues to demonstrate strong financial discipline and growth momentum, underpinned by volume expansion and operational efficiency. Investors should monitor management's ability to translate strategic ambitions in electric and global markets into measurable results, while watching for margin sustainability amid competitive and input cost pressures.

Based on filing content and financial data. Not a recommendation.

Read the full analysis

Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.

2 free AI queries per day.

✨ Deep Dive with AI on HEROMOTOCO

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-13.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when HEROMOTOCO files new disclosures

Track HEROMOTOCO filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track HEROMOTOCO — Free

Free account · 2 AI queries/day