Hero Motors (HEROMOTORS) had a P/E of 55.7× on 6 Nov 2026, above the industry P/E of 25.6×, and the shares are 33% below their 52-week high. Its ROCE of 13% is the second-lowest among the 7 largest Auto Parts peers, and sales and net profit grew 3.6% and 2.4% a year over 3 years. Debt is 1.28× equity. It is a small-cap company with a market cap of ₹5,461 Cr, ranked 40th of 140 Auto Parts companies by market cap; the shares rose 25% over the past year.
- ₹122.00
- ₹122.09
- ₹119.10
- ₹123.20
- 39.8 L
Health check
- ReturnsIn line
+25.2% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 55.7 vs industry 25.6.
- GrowthSlow
Sales +3.6%, profit +2.4% a year over 3 years.
- ProfitabilityAverage
ROCE 13.0% vs peer median 15.6%.
- Balance sheetFair
Debt 1.28× equity, interest covered 2.8×, Piotroski 7 of 9.
- Red flags2 to check
P/E of 55.7 against an industry P/E of 25.6.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,461 Cr
- Small cap
- P/E
- 55.7
- Industry 25.6
- Price to book
- 9.50
- Peers 8.75
- Dividend yield
- 0.00%
- ROE
- 10.2%
- Peers 12.3%
- ROCE
- 13.0%
- Peers 15.6%
- Debt to equity
- 1.28
- Debt ₹613 Cr
- EPS (TTM)
- ₹2.16
- Face value ₹10
- OPM (TTM)
- 7.3%
- Net margin 3.9%
- Sales growth
- +24.9%
- Latest quarter vs a year ago
- Profit growth
- +115.3%
- Latest quarter vs a year ago
- Price to sales
- 4.36
- EV/EBITDA 40.2
Strengths and risks
Strengths
- Quarterly profit up 115.3% on a year ago.
- Quarterly sales up 24.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 55.7 against an industry P/E of 25.6.
- 33% below its 52-week high.
About Hero Motors
Hero Motors Limited designs, develops, manufactures, and supplies engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in United States, Europe, India, and the Association of Southeast Asian Nations region. It operates through Powertrain Solutions and Alloys and Metallics segments. The company offers gears and transmission products comprising ice and EV gearboxes, e-axles, gearset assemblies, and gear and shaft…
- Headquarters
- Noida
- Employees
- 1,062
- Sector
- Consumer Cyclical
- ISIN
- INE012G01022
- Website
- heromotors.com
Price range
- Avg volume (3M)
- 4.7 Cr
- 1-year return
- plus 25.2%
- From 52-week high
- minus 32.8%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.30% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 63.3 | 10.07 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.51% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.39% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.98% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.3% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| HEROMOTORSHero Motors | 120.23 | minus 2.41% | 5,461 | 55.7 | 9.50 | 13.0% | 10.2% | 7.3% | 3.6% | 2.4% | 0.00% | plus 25.2% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.39% | 6.6% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Jun 26 |
|---|---|---|---|
| 272 | 2,557 | 3,193 | |
| 238 | 2,370 | 2,834 | |
| 34 | 187 | 359 | |
| 12.5% | 7.3% | 11.3% | |
| 3.4 | 81.9 | 33.2 | |
| 11.4 | 95.4 | 112 | |
| 11.3 | 109 | 125 | |
| −0.1 | – | – | |
| 14.6 | 64.6 | 156 | |
| 28.5% | 40.0% | 38.6% | |
| 8.2 | 47.4 | 102 | |
| – | 1.04 | 2.25 |
Profit & loss
- Sales CAGR 3Y
- +3.6%
- Profit CAGR 3Y
- +2.4%
- EPS CAGR 3Y
- −3.7%
- ROE
- 10.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,036 | 1,039 | 1,051 | 1,153 | |
| – | +0.3% | +1.1% | +9.8% | |
| 951 | 965 | 955 | 1,031 | |
| 85.1 | 74.5 | 95.4 | 123 | |
| 8.2% | 7.2% | 9.1% | 10.7% | |
| 5 | 2.5 | 11.2 | 17.9 | |
| 20.7 | 26.5 | 30.5 | 33.8 | |
| 18.3 | 28.6 | 37.9 | 45.9 | |
| 1.1 | 2.4 | 0.9 | 0 | |
| 52.1 | 24.3 | 39.1 | 61 | |
| 22.3% | 29.9% | 16.1% | 32.5% | |
| 40.6 | 13.4 | 25.2 | 43.6 | |
| – | minus 67.0% | +87.8% | +72.9% | |
| 1.07 | 0.30 | 0.55 | 0.96 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 375 | 375 | 378 | 379 | |
| −46.9 | −9.7 | 25.8 | 74.4 | |
| 357 | 393 | 473 | 613 | |
| 308 | 302 | 287 | 305 | |
| 992 | 1,060 | 1,165 | 1,372 | |
| 354 | 473 | 572 | 683 | |
| 78.5 | 77 | 46.4 | 73.3 | |
| 1.2 | 1.6 | 3 | 3 | |
| 116 | 76.5 | 30.5 | 25.3 | |
| 442 | 432 | 513 | 587 | |
| 992 | 1,060 | 1,165 | 1,372 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.2 | 132 | 48.3 | 144 | |
| −207 | −76.9 | −135 | −69.4 | |
| 118 | −20.4 | 53.7 | −61.8 | |
| −46.6 | 34.7 | −33.2 | 12.9 | |
| −138 | −133 | −152 | −92.3 | |
| −95.6 | −0.9 | −104 | 51.8 | |
| – | −9.4 | −9.4 | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.