Hero MotoCorp

    HEROMOTOCO
    Auto
    ₹5221.50
    price as of 11/9/2026, 5:27:55 pm

    Market cap ₹1.05 L Cr

    P/E
    19.20
    Day range
    ₹5,186.00 – ₹5,243.00
    52-week range
    ₹4,671.50 – ₹6,388.50
    Volume
    2.52 L
    Open
    ₹5,218.00
    Prev close
    ₹5,280.00
    Promoters pledged 1.9% of their shares
    52-week range, adjusted for splits and bonuses
    ₹4,671.5₹6,388.5
    30 Jun 20265 Dec 2025
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150NIFTY AUTOF&O lot 150

    Price history

    6M change -6.34%RSI (14) 38.8 NeutralSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 52.5% today vs 50.8% average · BSE close ₹5,225

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹4,550₹4,900₹5,250₹5,600₹5,9500%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Long unwinding
    Near-month future
    ₹5,236
    Change
    -0.44%
    Basis over spot
    +₹14.47
    Futures OI (shares)
    37.8 L
    OI change
    -0.87%
    Put-call ratio
    0.49
    Max pain
    ₹5,400
    Resistance (call OI)
    ₹5,700
    Support (put OI)
    ₹5,200
    Lot size
    150

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    4500470049005100530055005700590061006300660001.5 L3.0 L4.5 L6.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    19.3
    EPS (TTM)
    ₹272.08
    ROE (FY26)
    28.3%
    ROCE (latest year)
    35%
    Dividend yield
    3.52%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +11.5%
    Profit 3Y CAGR
    +27.3%
    Revenue YoY (Jun 2026)
    +34.9%
    Profit YoY (Jun 2026)
    -16.9%
    Operating margin
    13.0%
    Net margin
    10.8%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr3.5K Cr7.0K Cr10.5K Cr14.0K Cr0%4%8%12%16%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • FII
    • DII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-4.5K Cr0 Cr4.5K Cr9.0K Cr13.5K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr5.5K Cr11.0K Cr16.5K Cr22.0K Cr0.0x0.0x0.0x0.0x0.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales9,5339,7889,61710,21110,48310,2609,9709,72812,21812,48712,97813,126
    Expenses8,1748,4038,2988,8049,0338,8448,5298,31510,45210,73511,10911,424
    Operating Profit1,3601,3851,3191,4071,4501,4161,4411,4131,7661,7521,8701,702
    OPM %14%14%14%14%14%14%14%15%14%14%14%13%
    Other Income213288177225239306345939240179210460
    Interest25238191817172119201921
    Depreciation187194197205206209204206210219220220
    Profit before tax1,3601,4561,2921,4081,4641,4971,5652,1261,7771,6921,8411,921
    Tax %26%25%27%27%27%26%25%20%26%25%20%26%
    Net Profit1,0071,0919431,0321,0661,1081,1691,7061,3211,2751,4741,418
    EPS in Rs₹50.35₹54.70₹46.77₹52.31₹53.19₹55.38₹58.06₹85.26₹65.42₹63.35₹72.97₹70.59

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp. [1] [2]

    Strengths

    • Company is almost debt free.
    • Stock is providing a good dividend yield of 3.54%.
    • Company has been maintaining a healthy dividend payout of 71.5%
    • Debtor days have improved from 24.5 to 18.0 days.

    Risks

    • The company has delivered a poor sales growth of 8.90% over past five years.

    Compounded Sales Growth

    10 Years
    +5%
    5 Years
    +9%
    3 Years
    +12%
    TTM
    +26%

    Compounded Profit Growth

    10 Years
    +7%
    5 Years
    +16%
    3 Years
    +28%
    TTM
    +10%

    Stock Price CAGR

    10 Years
    +4%
    5 Years
    +13%
    3 Years
    +20%
    1 Year
    -2%

    Return on Equity

    10 Years
    +23%
    5 Years
    +21%
    3 Years
    +24%
    Last Year
    +28%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter34.73%34.73%34.73%34.73%0.00 pp
    FII28.76%29.43%31.15%31.09%-0.06 pp
    DII26.32%26.28%24.69%24.26%-0.43 pp
    Government0.08%0.08%0.08%0.09%+0.01 pp
    Public10.11%9.48%9.34%9.82%+0.48 pp

    Filed with NSE for Jun 2026: promoters 34.73%, public 65.27% · XBRL filing

    Analysts & fund holdings

    64%
    64% recommend buy
    36 analysts cover the stock
    Valuation vs Automobiles
    P/E19.2 vs 27.6
    Sector P/B5.69
    Beta0.99

    Who holds the shares, quarter by quarter

    Mutual funds 13.63% (+0.35 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters34.7%
    • Foreign institutions31.1%
    • Mutual funds13.6%
    • Insurance1.9%
    • Other domestic institutions8.8%
    • Retail7.7%
    • Others2.1%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Kotak Flexi Cap Fund0.94%1.92%+0.06 pp
    Kotak Multi Cap Fund0.88%3.47%-0.15 pp
    Mirae Asset Large & Midcap Fund0.80%2.00%+0.28 pp
    ICICI Pru Large Cap Fund0.70%1.00%-0.49 pp
    Kotak Large & Mid Cap Fund0.57%2.06%-0.01 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹75.00

      Dividend - Rs 75 Per Share

      24 Jul 2026
      ex-date
    • dividend
      ₹110.00

      Interim Dividend - Rs 110 Per Share

      11 Feb 2026
      ex-date
    • dividend
      ₹65.00

      Dividend - Rs 65 Per Share

      24 Jul 2025
      ex-date
    • dividend
      ₹100.00

      Interim Dividend - Rs 100 Per Share

      12 Feb 2025
      ex-date
    • dividend
      ₹40.00

      Annual General Meeting/Dividend - Rs 40 Per Share

      1 Aug 2024
      ex-date
    • dividend
      ₹75.00

      Interim Dividend - Rs 75 Per Share/ Special Dividend - Rs 25 Per Share

      21 Feb 2024
      ex-date
    • dividend
      ₹35.00

      Annual General Meeting/Dividend - Rs 35 Per Share

      27 Jul 2023
      ex-date
    • dividend
      ₹65.00

      Interim Dividend - Rs 65 Per Share

      17 Feb 2023
      ex-date
    • dividend
      ₹35.00

      Annual General Meeting/Dividend - Rs 35 Per Share

      27 Jul 2022
      ex-date
    • dividend
      ₹60.00

      Interim Dividend - Rs 60 Per Share

      21 Feb 2022
      ex-date
    • dividend
      ₹25.00

      Annual General Meeting/Dividend - Rs 25 Per Share/ Special Dividend - Rs 10 Per Share

      22 Jul 2021
      ex-date
    • dividend
      ₹65.00

      Interim Dividend - Rs 65 Per Share Special Dividend - Rs 5 Per Share

      15 Feb 2021
      ex-date
    • dividend
      ₹25.00

      Annual General Meeting/Dividend - Rs 25 Per Share

      30 Jul 2020
      ex-date
    • dividend
      ₹65.00

      Interim Dividend - Rs 65 Per Sh

      17 Feb 2020
      ex-date
    • dividend
      ₹32.00

      Annual General Meeting/Dividend - Rs 32 Per Share

      16 Jul 2019
      ex-date
    • dividend
      ₹55.00

      Interim Dividend - Rs 55 Per Share

      11 Feb 2019
      ex-date
    • dividend
      ₹40.00

      Annual General Meeting / Dividend- Rs 40 Per Share

      11 Jul 2018
      ex-date
    • dividend
      ₹55.00

      Interim Dividend Rs 55/- Per Share

      15 Feb 2018
      ex-date
    • dividend
      ₹30.00

      Annual General Meeting/Dividend - Rs 30/- Per Share

      30 Jun 2017
      ex-date
    • dividend
      ₹55.00

      Interim Dividend Rs 55/- Per Share

      16 Mar 2017
      ex-date

    Bulk & block deals

    Bought 3.3 L · sold 3.3 L shares
    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    1 Sept 2026—Short sale1—
    16 Sept 2025GOLDMAN SACHS (SINGAPORE) PTE - ODIBlock sell1,87,256₹5,288.5
    16 Sept 2025GOLDMAN SACHS BANK EUROPE SE - ODIBlock buy1,87,256₹5,288.5
    12 Sept 2025GOLDMAN SACHS (SINGAPORE) PTE - ODIBlock sell1,42,289₹5,302
    12 Sept 2025GOLDMAN SACHS BANK EUROPE SEBlock buy1,42,289₹5,302

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor conference.

    Company Update
    Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the attached disclosure document.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the copies of the newspaper advertisement(s) publishing that the special window has been opened for transfer ....

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Please find enclosed herewith a copy of the Press Release being issued by the Company.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Pursuant to Regulation 30 of the SEBI Regulations, please refer to the disclosure document.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Updates on Acquisition

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the disclosure document regarding purchase of additional equity shares in Ather Energy Limited.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Acquisition

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding purchase of additional equity shares in Ather Energy Limited.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor ....

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Updates on Acquisition

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please refer to the attached disclosure regarding update on investment in Ather ....

    Company Update
    Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the specimen of the letter(s) sent to those shareholders ....

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document informing that the Company has been assigned an ESG Score of "70" by CRISIL ESG Ratings ....

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the disclosure document regarding change in management.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Please find enclosed herewith copies of the newspaper advertisement published regarding the issue of duplicate share certificates in lieu of original share certificates that are reported ....

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor conference.

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the earnings conference call held on August ....

    Filed with BSE (scrip 500182); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Adjudication order

      Adjudication Order in respect of i) Ilam C Kamboj and ii) Alka Kamboj in the matter of M/s Hero Motocorp Ltd.

      26 Sept 2019
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 6 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.