TVS Motor Company vs Hero MotoCorp: share price, P/E, ROE and financials compared
TVS Motor Company
Hero MotoCorp
TVS Motor Company and Hero MotoCorp at a glance
TVS Motor Company and Hero MotoCorp are both listed in Automobile and Auto Components. TVS Motor Company is the larger by market cap, at ₹2.1L Cr against ₹1.1L Cr for Hero MotoCorp (1.9 times as large). On valuation, Hero MotoCorp has the lower P/E (18.4× against 55.8×) and the lower price-to-book (4.71× against 18.81×). On returns and margins, TVS Motor Company has the higher ROE (37.2% against 26.9%) and the higher operating margin (14.5% against 14.0%), while Hero MotoCorp has the higher ROCE (31.9% against 28.8%). Over three years, TVS Motor Company has faster 3-year sales growth (+20.2% against +11.7% a year) and faster 3-year profit growth (+31.4% against +26.9% a year). Hero MotoCorp carries less debt for its equity, with a debt-to-equity of 0.06× against 3.21×.
Key metrics, side by side
| Metric | TVS Motor CompanyTVSMOTOR | Hero MotoCorpHEROMOTOCO |
|---|---|---|
| Price (₹) | 4,491.70 | 5,513.00 |
| Market cap (₹ Cr) | 2,13,457 | 1,10,349 |
| P/E | 55.8× | 18.4× (the lower figure, shaded) |
| P/B | 18.81× | 4.71× (the lower figure, shaded) |
| Dividend yield, trailing | 0.27% | 3.36% (the higher figure, shaded) |
| ROE | 37.2% (the higher figure, shaded) | 26.9% |
| ROCE | 28.8% | 31.9% (the higher figure, shaded) |
| Operating margin (OPM) | 14.5% (the higher figure, shaded) | 14.0% |
| Net margin (NPM) | 5.8% | 11.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +20.2% (the higher figure, shaded) | +11.7% |
| Profit CAGR 3Y | +31.4% (the higher figure, shaded) | +26.9% |
| Debt to equity | 3.21× | 0.06× (the lower figure, shaded) |
| Interest cover | 3.2× | 96.0× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 3,827 | 6,001 |
| 1Y return | +28.1% (the higher figure, shaded) | +3.9% |
| Promoter holding | 50.27% | 34.72% |
TVS Motor Company vs Hero MotoCorp: common questions
Which is bigger, TVS Motor Company or Hero MotoCorp?
By market cap, TVS Motor Company is bigger at ₹2.1L Cr, against ₹1.1L Cr for Hero MotoCorp (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,827 Cr for TVS Motor Company and ₹6,001 Cr for Hero MotoCorp.
Which has a lower P/E ratio, TVS Motor Company or Hero MotoCorp?
TVS Motor Company trades at a P/E of 55.8× 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, TVS Motor Company or Hero MotoCorp?
TVS Motor Company reports a return on equity of 37.2% and Hero MotoCorp 26.9%. TVS Motor Company has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, TVS Motor Company or Hero MotoCorp?
Over the last three years: Sales grew +20.2% a year at TVS Motor Company and +11.7% at Hero MotoCorp, so TVS Motor Company grew sales faster; profit grew +31.4% a year at TVS Motor Company and +26.9% at Hero MotoCorp, so TVS Motor Company grew profit faster. Past growth doesn’t predict future growth.