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Bajaj Auto vs Hero MotoCorp: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Bajaj Auto

NSE: BAJAJ-AUTO · Automobile and Auto Components

₹10,900.00plus 1.32%

Hero MotoCorp

NSE: HEROMOTOCO · Automobile and Auto Components

₹5,513.00minus 0.02%

Bajaj Auto and Hero MotoCorp at a glance

Bajaj Auto and Hero MotoCorp are both listed in Automobile and Auto Components. Bajaj Auto is the larger by market cap, at ₹3.0L Cr against ₹1.1L Cr for Hero MotoCorp (2.7 times as large). On valuation, Hero MotoCorp has the lower P/E (18.4× against 23.3×) and the lower price-to-book (4.71× against 8.21×). On returns and margins, Bajaj Auto has the higher ROE (35.6% against 26.9%) and the higher operating margin (21.0% against 14.0%), while Hero MotoCorp has the higher ROCE (31.9% against 26.1%). Over three years, Bajaj Auto has faster 3-year sales growth (+19.5% against +11.7% a year), while Hero MotoCorp has faster 3-year profit growth (+26.9% against +21.0% a year). Hero MotoCorp carries less debt for its equity, with a debt-to-equity of 0.06× against 0.70×.

See the full interactive comparison

Key metrics, side by side

Key metrics of Bajaj Auto and Hero MotoCorp
MetricBajaj AutoBAJAJ-AUTOHero MotoCorpHEROMOTOCO
Price (₹)10,900.005,513.00
Market cap (₹ Cr)2,99,5361,10,349
P/E23.3×18.4× (the lower figure, shaded)
P/B8.21×4.71× (the lower figure, shaded)
Dividend yield, trailing1.38%3.36% (the higher figure, shaded)
ROE35.6% (the higher figure, shaded)26.9%
ROCE26.1%31.9% (the higher figure, shaded)
Operating margin (OPM)21.0% (the higher figure, shaded)14.0%
Net margin (NPM)16.0% (the higher figure, shaded)11.2%
Sales CAGR 3Y+19.5% (the higher figure, shaded)+11.7%
Profit CAGR 3Y+21.0%+26.9% (the higher figure, shaded)
Debt to equity0.70×0.06× (the lower figure, shaded)
Interest cover12.9×96.0× (the higher figure, shaded)
Net profit TTM (₹ Cr)13,0736,001
1Y return+22.9% (the higher figure, shaded)+3.9%
Promoter holding55.95%34.72%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Bajaj Auto vs Hero MotoCorp: common questions

Which is bigger, Bajaj Auto or Hero MotoCorp?

By market cap, Bajaj Auto is bigger at ₹3.0L Cr, against ₹1.1L Cr for Hero MotoCorp (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹13,073 Cr for Bajaj Auto and ₹6,001 Cr for Hero MotoCorp.

Which has a lower P/E ratio, Bajaj Auto or Hero MotoCorp?

Bajaj Auto trades at a P/E of 23.3× and Hero MotoCorp at 18.4×. Hero MotoCorp has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, Bajaj Auto or Hero MotoCorp?

Bajaj Auto reports a return on equity of 35.6% and Hero MotoCorp 26.9%. Bajaj Auto has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Bajaj Auto or Hero MotoCorp?

Over the last three years: Sales grew +19.5% a year at Bajaj Auto and +11.7% at Hero MotoCorp, so Bajaj Auto grew sales faster; profit grew +21.0% a year at Bajaj Auto and +26.9% at Hero MotoCorp, so Hero MotoCorp grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Bajaj Auto and Hero MotoCorp, or add up to four more companies in the interactive comparison.