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 ₹ 5,035 Cr.
- Current Price ₹ 111
- High / Low ₹ 179 / 80.5
- Stock P/E 61.7
- 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
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -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% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement of un-audited Financial Results for the quarter ended June 30, 2026
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation for the Quarter ended June 30, 2026
- Unaudited Standalone And Consolidated Financial Statement For The Quater Ended June 30, 2026
-
Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Statement For The Quater Ended June 30, 2026
- Board approved Q1 FY27 results and buy 8,039 Hewland shares for £0.60 million, raising stake to 90%.
Concalls
-
Oct 2026PPT
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.