Hero Motors Ltd
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing, and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs).[1]
- Market Cap ₹ 6,930 Cr.
- Current Price ₹ 153
- High / Low ₹ 156 / 80.5
- Stock P/E 103
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 15.3 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 7.38% over past five years.
- Company has a low return on equity of 8.76% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 706 | 904 | 1,055 | 891 | 898 | 1,008 | |
| 630 | 810 | 965 | 846 | 834 | 891 | |
| Operating Profit | 76 | 94 | 90 | 45 | 64 | 117 |
| OPM % | 11% | 10% | 9% | 5% | 7% | 12% |
| 1 | 72 | 14 | 21 | 19 | 25 | |
| Interest | 11 | 14 | 27 | 27 | 31 | 32 |
| Depreciation | 16 | 16 | 17 | 15 | 19 | 22 |
| Profit before tax | 50 | 136 | 60 | 24 | 33 | 88 |
| Tax % | 21% | 28% | 19% | 21% | 29% | 25% |
| 40 | 98 | 49 | 19 | 24 | 66 | |
| EPS in Rs | 11.50 | 28.29 | 1.38 | 0.54 | 0.66 | 1.83 |
| Dividend Payout % | 0% | 0% | 0% | 47% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -2% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| TTM: | 185% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 9% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 354 | 354 | 357 | 358 |
| Reserves | 24 | 122 | 2 | 52 | 60 | 137 |
| 291 | 250 | 242 | 301 | 356 | 320 | |
| 157 | 266 | 278 | 252 | 215 | 317 | |
| Total Liabilities | 507 | 673 | 876 | 958 | 988 | 1,133 |
| 183 | 165 | 218 | 246 | 339 | 358 | |
| CWIP | 4 | 9 | 5 | 49 | 29 | 46 |
| Investments | 0 | 28 | 61 | 81 | 104 | 131 |
| 320 | 471 | 592 | 581 | 516 | 597 | |
| Total Assets | 507 | 673 | 876 | 958 | 988 | 1,133 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -15 | 60 | 71 | 116 | 35 | 144 | |
| 16 | 30 | -223 | -102 | -55 | -72 | |
| 6 | -55 | 106 | 11 | -2 | -68 | |
| Net Cash Flow | 6 | 35 | -46 | 25 | -22 | 4 |
| Free Cash Flow | -27 | 123 | -27 | 24 | -47 | 88 |
| CFO/OP | -6% | 88% | 99% | 273% | 70% | 133% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 79 | 77 | 79 | 73 | 73 | 83 |
| Inventory Days | 80 | 83 | 79 | 86 | 88 | 85 |
| Days Payable | 99 | 115 | 62 | 73 | 71 | 66 |
| Cash Conversion Cycle | 60 | 44 | 95 | 86 | 90 | 103 |
| Working Capital Days | -6 | -15 | 1 | -23 | -3 | -8 |
| ROCE % | 22% | 17% | 8% | 9% | 15% |
Business Overview:[1]
Hero Motors Limited is an automotive
technology company focused on designing, developing, manufacturing, and supplying engineered powertrain solutions and components to automotive OEMs
across India, Europe, the US, and
ASEAN.
Its products are used across two-wheelers, performance automobiles, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and emerging applications such as eVTOL.