Hero Motocorp Key Ratios
NSE: HEROMOTOCO | BSE: 500182
₹5,552.00
As on 27-Aug-2026 13:14IST
Market cap
₹1,11,211 Cr
Revenue (TTM)
₹50,810 Cr
P/E Ratio
20.4
P/B Ratio
4.8
Div. Yield
3.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 1.14 | 34.94 | 25.64 | 13.71 | 8.69 |
| EBIT | -10.30 | 26.42 | 28.32 | 21.16 | 11.41 |
| Net Profit | -3.26 | -17.18 | 9.83 | 22.16 | 12.18 |
| EPS | -3.26 | -17.22 | 8.11 | 22.93 | 11.80 |
| Book Value | -- | -- | 12.12 | 9.03 | 6.94 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 12.50 | 11.39 | 12.81 | 13.06 | 12.51 |
| Net Margin
| 10.79 | 9.56 | 11.11 | 11.92 | 10.43 |
| Return on equity
| 24.30 | 21.21 | 25.97 | 28.31 | 23.73 |
| Return on Capital
| 32.25 | 28.12 | -- | 35.92 | 31.78 |
| Return on Assets
| 16.22 | 13.77 | 18.68 | 17.82 | 15.28 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.02 | 0.02 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
35.92
|
31.78
|
29.50
|
23.93
|
|
Peer Median
|
--
|
18.24
|
8.26
|
23.93
|
--
|
ROE
25.97
Higher than Peers by 2.38
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
25.97
|
28.31
|
23.73
|
21.84
|
17.26
|
|
Peer Median
|
23.58
|
23.91
|
11.35
|
18.78
|
--
|
ROA
18.68
Higher than Peers by 3.25
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
18.68
|
17.82
|
15.28
|
14.30
|
11.62
|
|
Peer Median
|
15.43
|
6.17
|
2.72
|
7.31
|
--
|
EBIT Margin
12.81
Higher than Peers by 0.13
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
12.81
|
13.06
|
12.51
|
12.12
|
9.94
|
|
Peer Median
|
12.69
|
12.81
|
16.90
|
12.15
|
--
|
Net Margin
11.11
Higher than Peers by 0.28
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
11.11
|
11.92
|
10.43
|
9.68
|
8.06
|
|
Peer Median
|
10.83
|
9.21
|
7.10
|
8.06
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
13.34
|
12.04
|
11.30
|
9.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
25.64
Higher than Peers by 11.14
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
25.64
|
15.85
|
8.30
|
10.63
|
15.59
|
|
Peer Median
|
14.50
|
30.82
|
10.99
|
14.50
|
--
|
EBIT Growth
28.32
Higher than Peers by 4.47
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
28.32
|
20.87
|
11.82
|
34.85
|
23.27
|
|
Peer Median
|
23.84
|
34.09
|
9.16
|
35.21
|
--
|
Net Profit Growth
9.83
Lower than Peers by 9.62
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
9.83
|
31.99
|
16.93
|
33.65
|
20.22
|
|
Peer Median
|
19.45
|
27.61
|
15.51
|
36.73
|
--
|
EPS Growth
8.11
Lower than Peers by 15.56
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
8.11
|
31.07
|
16.86
|
33.24
|
21.25
|
|
Peer Median
|
23.67
|
43.97
|
23.13
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
12.17
|
8.92
|
6.22
|
5.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
0.02
|
0.02
|
0.02
|
0.02
|
|
Peer Median
|
0.01
|
0.21
|
0.38
|
0.02
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
0.02
|
0.02
|
0.02
|
0.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.91
Higher than Peers by 0.23
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
1.91
|
1.79
|
1.80
|
1.46
|
1.57
|
|
Peer Median
|
1.68
|
1.87
|
1.15
|
1.15
|
--
|
Quick Ratio
1.64
Higher than Peers by 0.22
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
1.64
|
1.56
|
1.53
|
1.21
|
1.28
|
|
Peer Median
|
1.42
|
1.64
|
1.59
|
0.91
|
--
|
Interest Coverage
96.15
Higher than Peers by 7.21
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
96.15
|
96.00
|
84.99
|
67.65
|
37.84
|
|
Peer Median
|
88.94
|
11.33
|
35.03
|
37.84
|
--
|
Operating Efficiency
Debtors to sales
4.61
Higher than Peers by 0.46
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
4.61
|
4.94
|
8.26
|
6.96
|
7.96
|
|
Peer Median
|
4.14
|
1.65
|
3.39
|
4.70
|
--
|
Asset Turnover
1.64
Higher than Peers by 0.66
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
1.64
|
1.49
|
1.46
|
1.47
|
1.44
|
|
Peer Median
|
0.98
|
1.15
|
0.90
|
1.01
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
21.66
|
26.31
|
25.41
|
25.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
17.66
|
16.50
|
16.68
|
16.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
77.31
|
77.09
|
74.42
|
69.44
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
--
|
-37.99
|
-34.28
|
-32.33
|
-26.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
20.41
Lower than Peers by 35.79
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
20.41
|
17.64
|
17.00
|
25.18
|
16.69
|
|
Peer Median
|
56.20
|
61.18
|
69.67
|
50.85
|
--
|
Price / Book Value
4.83
Lower than Peers by 3.58
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
4.83
|
4.69
|
3.87
|
5.34
|
2.82
|
|
Peer Median
|
8.41
|
8.41
|
4.05
|
7.25
|
--
|
Dividend Yield
3.32
Higher than Peers by 2.30
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
3.32
|
3.66
|
4.43
|
2.97
|
4.26
|
|
Peer Median
|
1.02
|
0.27
|
0.76
|
1.07
|
--
|
EV/EBITDA
12.92
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
12.92
|
12.78
|
10.91
|
15.54
|
10.31
|
|
Peer Median
|
--
|
33.60
|
26.51
|
44.53
|
--
|
Market Cap
1,11,211
Lower than Peers by 1,068
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Hero Motocorp
|
1,11,211
|
1,01,256
|
74,444
|
94,298
|
46,906
|
|
Peer Median
|
1,12,279
|
58,705
|
51,901
|
1,10,233
|
--
|