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Hero MotoCorp (HEROMOTOCO) had a P/E of 18.4× on 6 Nov 2026, below the industry P/E of 33.1×, and the shares are 14% below their 52-week high. Sales and net profit grew 12% and 27% a year over 3 years; its ROCE of 32% is the second-highest among the 7 largest Auto Manufacturers peers. It carries very little debt, and its dividend yield is 3.4%. It is a large-cap company with a market cap of ₹1.1 lakh crore, ranked 8th of 20 Auto Manufacturers companies by market cap; the shares rose 3.9% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹5,515.00
Day high
₹5,550.00
Day low
₹5,445.50
Prev. close
₹5,514.00
Volume
7.4 L

Health check

4 good · 2 fair
  • ReturnsIn line

    +3.9% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/E 18.4 vs industry 33.1.

  • GrowthSteady

    Sales +11.7%, profit +26.9% a year over 3 years.

  • ProfitabilityStrong

    ROCE 31.9% vs peer median 26.1%.

  • Balance sheetSolid

    Debt 0.06× equity, interest covered 96.0×, Piotroski 7 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Auto Manufacturers

19 listed peers. Screen the industry

Large cap

₹1.1L Cr, #8 of 20 in its industry by size.

Defensive

Beta 0.46 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹53,562 Cr · profit ₹6,001 Cr
Market cap
₹1.1L Cr
Large cap
P/E
18.4
Industry 33.1
Price to book
4.71
Peers 8.38
Dividend yield
3.36%
ROE
26.9%
Peers 24.1%
ROCE
31.9%
Peers 26.1%
Debt to equity
0.06
Debt ₹1,419 Cr
EPS (TTM)
₹299.65
Face value ₹2
OPM (TTM)
14.0%
Net margin 11.2%
Sales growth
+22.5%
Latest quarter vs a year ago
Profit growth
+42.2%
Latest quarter vs a year ago
Price to sales
2.06
EV/EBITDA 14.0

Strengths and risks

Strengths

  • Return on equity of 26.9%.
  • Return on capital employed of 31.9%.
  • Practically debt-free.
  • Dividend yield of 3.36%.
  • Quarterly profit up 42.2% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hero MotoCorp

Hero MotoCorp Limited primarily engages in the manufacture and sale of motorised two wheelers, spare parts and related services in India, Germany, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines and accessories, as well as non-banking financial and other related services. The company is also involved in merchandise business. The company was…

Headquarters
New Delhi
Employees
9,177
Sector
Consumer Cyclical
ISIN
INE158A01026
Website
heromotocorp.com

Price range

52 weeks

₹4,671.50₹6,388.50

Today

₹5,445.50₹5,550.00
Avg volume (3M)
5.8 L
1-year return
plus 3.9%
From 52-week high
minus 13.7%

Analyst consensus

38 analysts
BuyMean target ₹6,071.24 plus 10.1%

Target range, with today’s price

Low ₹4,350.00High ₹7,554.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Auto Manufacturers

Compare with peersScreen the whole industry
Company
MARUTIMaruti Suzuki India12,750.00plus 0.77%4,00,86329.83.6817.2%12.9%10.2%15.9%21.1%1.11%minus 17.7%
M&MMahindra & Mahindra3,287.20plus 5.11%3,94,71519.03.7517.1%20.1%18.2%17.5%18.5%1.06%minus 12.7%
BAJAJ-AUTOBajaj Auto10,900.00plus 1.32%2,99,53623.38.2126.1%35.6%21.0%19.5%21.0%1.39%plus 22.9%
TVSMOTORTVS Motor Company4,491.70plus 0.94%2,13,45755.818.8128.8%37.2%14.5%20.2%31.4%0.27%plus 28.1%
EICHERMOTEicher Motors7,669.50minus 0.56%2,10,54436.58.3826.4%23.8%25.2%17.5%23.7%1.06%plus 11.3%
HYUNDAIHyundai Motor India2,130.00plus 0.42%1,73,07137.88.5032.6%24.1%10.3%5.5%4.9%0.99%minus 11.4%
TMCVTata Motors425.50minus 0.83%1,56,70424.810.2625.5%26.0%10.4%––0.93%plus 30.2%
HEROMOTOCOHero MotoCorp5,513.00minus 0.02%1,10,34918.44.7131.9%26.9%14.0%11.7%26.9%3.36%plus 3.9%
Median of 7 peers–0.77%2,13,45729.88.3826.1%24.1%14.5%17.5%21.1%1.06%11.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
12,21812,48712,97813,12614,971
10,35410,64111,05611,38012,974
1,8641,8461,9221,7461,997
15.3%14.8%14.8%13.3%13.3%
142203158416619
19.319.618.721.422.7
210219221220232
–−119–––
1,7771,6921,8411,9212,361
25.7%24.6%19.9%26.2%21.2%
1,3091,2681,4601,4121,861
65.3463.3072.9170.5392.91

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.7%
Profit CAGR 3Y
+26.9%
EPS CAGR 3Y
+26.8%
ROE
26.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
33,73837,59940,71247,048
–+11.4%+8.3%+15.6%
29,59232,25634,72539,990
4,1465,3435,9887,059
12.3%14.2%14.7%15.0%
219216270781
10576.470.778.3
697757825855
301365571529
3,8645,0905,9347,436
27.5%26.5%26.3%22.3%
2,8103,7454,3785,742
–+33.3%+16.9%+31.1%
140.49187.04218.69286.72

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
40404040
16,61617,65919,23221,571
568606700779
6,6947,8478,41811,063
23,91726,15328,39033,453
5,6225,6615,6455,920
246234201347
4,6005,3634,7673,180
4,0604,9747,18812,941
9,3889,92110,58911,064
23,91726,15328,39033,453

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,6144,9234,2978,315
−421−1,828−1,703−4,478
−2,147−2,717−2,815−3,534
45.3379−221303
−604−788−856−1,100
2,0104,1353,4417,215
−1,998−2,702−2,800−3,507

Shareholding pattern

Source: NSE filings
34.7%
promoters
  • Promoters34.72%
  • Public65.28%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202634.72%65.28%minus 0.01
30 Jun 202634.73%65.27%0.00
31 Mar 202634.73%65.27%0.00
31 Dec 202534.73%65.27%0.00
30 Sep 202534.73%65.27%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you