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Hero MotoCorp Limited (HEROMOTOCO.NS)

INR4,876.20 -2.10 (-0.04%)
IN NSE Consumer Cyclical Auto - Manufacturers
Address The Grand Plaza 110070
New Delhi, IN
CEO Harshavardhan Madhav Chitale
IPO 2002-07-01
ISIN INE158A01026

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HEROMOTOCO.BO (INR) National Stock Exchange of India · HEROMOTOCO.NS (INR)
Description

Hero MotoCorp Limited is a major producer and distributor of powered two-wheel vehicles, such as motorcycles and scooters. The company also supplies engines, various spare parts, and related services. Its operational footprint spans across a wide range of international markets, including countries in Asia, Central and Latin America, and the African and Middle Eastern regions. A significant move includes its strategic collaboration with Gogoro Inc., aimed at fostering the adoption of sustainable electric transportation solutions within India. Established in 1984, the company was formerly recognized as Hero Honda Motors Ltd. until its official renaming to Hero MotoCorp Limited in July 2011. Its primary base of operations is located in New Delhi, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR4,876.20 -2.10 (-0.04%)
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Volume Profile
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Liquidity & share structure
Average Volume
682.1K
Beta
0.50
Float Shares
129.65M
Free Float %
64.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.33% -3.24% -7.34% -11.64% -8.47% -12.22% +27.12% +94.39% +78.35% +71.65% +1,521.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,876.20
DCF (Unlevered) 6,787.20 +39.2%
DCF (Levered) 5,860.78 +20.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 59% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 13 -1
Hold 8 -1
Sell 5 0
Strong Sell 1 0
Quality scores
Altman Z-Score
7.59
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Manufacturers: +8.4%
    +16.5% Q1'26: +33.0% (vs Q1'25)
  • EPS growth Auto - Manufacturers: +17.3%
    +31.2% Q1'26: +25.8% (vs Q1'25)
  • FCF margin FCF growth · Auto - Manufacturers: +72.3%
    +14.4% Q1'26: +23.7% (vs Q1'25)
  • EBIT margin Auto - Manufacturers: +4.6%
    +13.1% Q1'26: +4.1% (vs Q1'25)
  • ROIC Auto - Manufacturers: +3.7%
    +50.0% Q1'26: +17.8% (vs Q1'25)
  • Share dilution Auto - Manufacturers: +0.0%
    -0.1% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Manufacturers: -0.19×
    0.11× Q1'26: 0.26× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.93) × ERP
WACC = 99% × Ke + 1% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 9,755.71 Current price: 4,876.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
30 Rev. Ana.
32 EPS Ana.
Mar 2027
32 Rev. Ana.
32 EPS Ana.
Mar 2028
31 Rev. Ana.
21 EPS Ana.
Mar 2029
25 Rev. Ana.
9 EPS Ana.
Mar 2030
15 Rev. Ana.
9 EPS Ana.
Revenue
196.88B
est: 192.36B (+2.3%)
235.29B
est: 238.07B (-1.2%)
237.35B
est: 156.91B (+51.3%)
252.46B
est: 255.34B (-1.1%)
274.71B
est: 275.89B (-0.4%)
282.19B
est: 282.69B (-0.2%)
282.81B
est: 287.57B (-1.7%)
318.06B
est: 319.61B (-0.5%)
334.30B
est: 341.47B (-2.1%)
288.13B
est: 290.49B (-0.8%)
304.52B
est: 305.16B (-0.2%)
289.78B
est: 299.74B (-3.3%)
337.38B
est: 336.71B (+0.2%)
375.99B
est: 375.29B (+0.2%)
407.12B
est: 409.19B (-0.5%)
460.67B
445.33B – 474.83B
+12.6% YoY
517.35B
500.94B – 531.67B
+12.3% YoY
562.42B
527.05B – 587.41B
+8.7% YoY
609.55B
580.34B – 631.73B
+8.4% YoY
711.20B
677.11B – 737.08B
+16.7% YoY
EBITDA
28.22B
est: 39.80B (-29.1%)
39.83B
est: 38.12B (+4.5%)
36.83B
est: 28.34B (+30.0%)
39.83B
est: 65.96B (-39.6%)
38.44B
est: 48.38B (-20.5%)
48.45B
est: 44.10B (+9.9%)
54.15B
est: 54.46B (-0.6%)
58.98B
est: 68.34B (-13.7%)
57.66B
est: 68.71B (-16.1%)
55.03B
est: 55.26B (-0.4%)
46.11B
est: 53.08B (-13.1%)
38.01B
est: 64.54B (-41.1%)
46.66B
est: 71.14B (-34.4%)
59.24B
est: 81.99B (-27.7%)
68.29B
est: 75.19B (-9.2%)
82.95B
80.18B – 85.50B
+10.3% YoY
93.15B
90.20B – 95.73B
+12.3% YoY
101.27B
94.90B – 105.77B
+8.7% YoY
109.75B
104.49B – 113.75B
+8.4% YoY
128.06B
121.92B – 132.71B
+16.7% YoY
EBIT
24.20B
est: 31.24B (-22.5%)
28.86B
est: 26.53B (+8.8%)
25.41B
est: 16.73B (+51.9%)
28.76B
est: 35.03B (-17.9%)
33.04B
est: 26.89B (+22.8%)
44.02B
est: 29.00B (+51.8%)
49.13B
est: 40.90B (+20.1%)
53.23B
est: 44.79B (+18.8%)
51.41B
est: 51.11B (+0.6%)
46.58B
est: 37.90B (+22.9%)
38.96B
est: 33.79B (+15.3%)
31.11B
est: 41.08B (-24.3%)
39.68B
est: 45.28B (-12.4%)
51.67B
est: 52.18B (-1.0%)
60.04B
est: 69.99B (-14.2%)
77.21B
74.64B – 79.58B
+10.3% YoY
86.71B
83.96B – 89.11B
+12.3% YoY
94.26B
88.34B – 98.45B
+8.7% YoY
102.16B
97.27B – 105.88B
+8.4% YoY
119.20B
113.49B – 123.54B
+16.7% YoY
Net Income
19.28B
est: 27.05B (-28.7%)
23.78B
est: 23.86B (-0.3%)
21.18B
est: 15.67B (+35.1%)
21.03B
est: 34.47B (-39.0%)
23.65B
est: 23.12B (+2.3%)
31.42B
est: 24.10B (+30.4%)
35.84B
est: 32.28B (+11.0%)
37.20B
est: 39.27B (-5.3%)
34.44B
est: 39.89B (-13.7%)
36.38B
est: 29.63B (+22.8%)
29.18B
est: 31.33B (-6.9%)
23.17B
est: 38.09B (-39.2%)
28.10B
est: 41.99B (-33.1%)
37.45B
est: 48.39B (-22.6%)
43.78B
est: 47.12B (-7.1%)
53.16B
50.52B – 55.78B
+12.8% YoY
56.82B
52.11B – 64.18B
+6.9% YoY
63.17B
57.10B – 70.55B
+11.2% YoY
68.71B
64.43B – 71.96B
+8.8% YoY
92.52B
86.76B – 96.90B
+34.7% YoY
SGA
1.96B
est: 16.71B (-88.3%)
9.93B
est: 19.36B (-48.7%)
20.09B
est: 11.94B (+68.2%)
22.36B
est: 33.72B (-33.7%)
19.06B
est: 25.57B (-25.5%)
21.39B
est: 33.11B (-35.4%)
22.87B
est: 36.15B (-36.7%)
25.17B
est: 41.55B (-39.4%)
27.02B
est: 43.66B (-38.1%)
26.53B
est: 37.10B (-28.5%)
25.92B
est: 35.18B (-26.3%)
27.84B
est: 42.77B (-34.9%)
31.84B
est: 47.15B (-32.5%)
36.03B
est: 54.34B (-33.7%)
40.09B
est: 42.46B (-5.6%)
46.83B
45.27B – 48.27B
+10.3% YoY
52.59B
50.93B – 54.05B
+12.3% YoY
57.18B
53.58B – 59.72B
+8.7% YoY
61.97B
59.00B – 64.22B
+8.4% YoY
72.30B
68.84B – 74.93B
+16.7% YoY
EPS
96.54
est: 104.38 (-7.5%)
119.09
est: 120.67 (-1.3%)
106.07
est: 111.83 (-5.2%)
105.29
est: 109.17 (-3.6%)
118.41
est: 130.16 (-9.0%)
157.34
est: 155.75 (+1.0%)
179.49
est: 172.44 (+4.1%)
186.30
est: 184.41 (+1.0%)
172.45
est: 176.33 (-2.2%)
182.15
est: 153.66 (+18.5%)
146.07
est: 147.88 (-1.2%)
115.96
est: 128.62 (-9.8%)
140.62
est: 139.84 (+0.6%)
187.36
est: 204.08 (-8.2%)
218.96
est: 231.84 (-5.6%)
265.72
252.52 – 278.82
+14.6% YoY
284.05
260.46 – 320.84
+6.9% YoY
315.78
285.44 – 352.64
+11.2% YoY
343.45
322.05 – 359.69
+8.8% YoY
462.50
433.68 – 484.38
+34.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-12 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-11 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-08 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-07 A- 4/5 3/5 5/5 5/5 3/5 3/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
34.39B
OE per share TTM
171.67
Owner's Yield
3.32%
Maintenance CapEx ratio
15.54%
Maint CapEx / Avg PPE
17.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Schwab International Dividend Equity ETF SCHY 0.43% 10.17M 0.08%
2 Vanguard Emerging Markets Ex-China ETF VEXC 0.08% 198.8K 0.07%
3 Schwab Emerging Markets Equity ETF SCHE 0.06% 8.01M 0.06%
4 Vanguard FTSE Emerging Markets ETF VWO 0.05% 89.19M 0.06%
5 Vanguard International High Dividend Yield ETF VYMI 0.04% 8.13M 0.07%
6 Vanguard ESG International Stock ETF VSGX 0.02% 1.33M 0.10%
7 Vanguard FTSE All-World ex-US ETF VEU 0.02% 15.37M 0.04%
8 Vanguard Total International Stock ETF VXUS 0.01% 96.66M 0.05%
9 Vanguard Total World Stock ETF VT 0.01% 5.57M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.71M
Shares Outstanding
200.09M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pawan Kant Munjal Executive Chairman 1B
Vikram Sitaram Kasbekar CTO & Executive Director 111M male
Madhuri Mehta Chief Human Resources Officer female
Pooja Yadava General Counsel female
Prabhat Singh Company Secretary, Compliance Officer & Nodal Officer male
Surender Kumar Chhabra Vice President of Corporate Finance male
Umang Deep Singh Khurana Head of Investor Relations male
Harshavardhan Madhav Chitale Chief Executive Officer male
Vivek Anand Chief Financial Officer male
Latika Taneja Head of Corporate Communications, Affairs & Social Responsibility female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits