Hero Motocorp shares ended lower in Wednesday's trade, with the stock among the top losers on the Nifty 50. The stock closed at Rs 5,350.50, down 1.35% in yesterday's session.
Financial Snapshot:
The following tables provide a summary of Hero Motocorp's key financial data. The data is consolidated.
Income Statement (Quarterly)
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 9,727 Crore | Rs 9,969 Crore | Rs 10,259 Crore | Rs 10,482 Crore | Rs 10,210 Crore |
| Other Income | Rs 309 Crore | Rs 274 Crore | Rs 306 Crore | Rs 238 Crore | Rs 224 Crore |
| Total Income | Rs 10,037 Crore | Rs 10,244 Crore | Rs 10,566 Crore | Rs 10,721 Crore | Rs 10,435 Crore |
| Total Expenditure | Rs 8,520 Crore | Rs 8,733 Crore | Rs 8,961 Crore | Rs 9,152 Crore | Rs 8,954 Crore |
| EBIT | Rs 1,517 Crore | Rs 1,510 Crore | Rs 1,605 Crore | Rs 1,568 Crore | Rs 1,480 Crore |
| Interest | Rs 20 Crore | Rs 16 Crore | Rs 16 Crore | Rs 18 Crore | Rs 18 Crore |
| Tax | Rs 420 Crore | Rs 396 Crore | Rs 388 Crore | Rs 397 Crore | Rs 375 Crore |
| Net Profit | Rs 1,076 Crore | Rs 1,097 Crore | Rs 1,200 Crore | Rs 1,152 Crore | Rs 1,086 Crore |
The revenue for the quarter-ending June 2025 stood at Rs 9,727 Crore, compared to Rs 10,210 Crore in June 2024.
Income Statement (Yearly)
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 40,923 Crore | Rs 37,788 Crore | Rs 34,158 Crore | Rs 29,551 Crore | Rs 30,959 Crore |
| Other Income | Rs 1,044 Crore | Rs 854 Crore | Rs 569 Crore | Rs 555 Crore | Rs 557 Crore |
| Total Income | Rs 41,967 Crore | Rs 38,643 Crore | Rs 34,727 Crore | Rs 30,106 Crore | Rs 31,517 Crore |
| Total Expenditure | Rs 35,802 Crore | Rs 33,356 Crore | Rs 30,762 Crore | Rs 26,796 Crore | Rs 27,574 Crore |
| EBIT | Rs 6,165 Crore | Rs 5,286 Crore | Rs 3,965 Crore | Rs 3,310 Crore | Rs 3,942 Crore |
| Interest | Rs 70 Crore | Rs 76 Crore | Rs 104 Crore | Rs 53 Crore | Rs 46 Crore |
| Tax | Rs 1,557 Crore | Rs 1,348 Crore | Rs 1,063 Crore | Rs 729 Crore | Rs 913 Crore |
| Net Profit | Rs 4,536 Crore | Rs 3,862 Crore | Rs 2,796 Crore | Rs 2,528 Crore | Rs 2,982 Crore |
The company's revenue for the year-ending March 2025 was Rs 40,923 Crore, an increase compared to Rs 37,788 Crore in March 2024.
Cash Flow
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 4,297 Crore | Rs 4,923 Crore | Rs 2,613 Crore | Rs 2,103 Crore | Rs 4,110 Crore |
| Investing Activities | Rs -1,703 Crore | Rs -1,827 Crore | Rs -421 Crore | Rs -221 Crore | Rs -2,289 Crore |
| Financing Activities | Rs -2,815 Crore | Rs -2,716 Crore | Rs -2,147 Crore | Rs -1,975 Crore | Rs -1,851 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs -221 Crore | Rs 378 Crore | Rs 45 Crore | Rs -93 Crore | Rs -30 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 40 Crore | Rs 39 Crore | Rs 39 Crore | Rs 39 Crore | Rs 39 Crore |
| Reserves & Surplus | Rs 19,232 Crore | Rs 17,613 Crore | Rs 16,579 Crore | Rs 15,782 Crore | Rs 15,357 Crore |
| Current Liabilities | Rs 7,475 Crore | Rs 7,048 Crore | Rs 6,012 Crore | Rs 5,517 Crore | Rs 6,504 Crore |
| Other Liabilities | Rs 1,642 Crore | Rs 1,451 Crore | Rs 1,284 Crore | Rs 1,138 Crore | Rs 1,194 Crore |
| Total Liabilities | Rs 28,390 Crore | Rs 26,152 Crore | Rs 23,917 Crore | Rs 22,478 Crore | Rs 23,096 Crore |
| Fixed Assets | Rs 6,770 Crore | Rs 6,716 Crore | Rs 6,612 Crore | Rs 6,710 Crore | Rs 6,875 Crore |
| Current Assets | Rs 13,433 Crore | Rs 10,315 Crore | Rs 9,435 Crore | Rs 10,572 Crore | Rs 11,370 Crore |
| Other Assets | Rs 8,186 Crore | Rs 9,121 Crore | Rs 7,868 Crore | Rs 5,195 Crore | Rs 4,850 Crore |
| Total Assets | Rs 28,390 Crore | Rs 26,152 Crore | Rs 23,917 Crore | Rs 22,478 Crore | Rs 23,096 Crore |
| Contingent Liabilities | Rs 2,031 Crore | Rs 1,177 Crore | Rs 965 Crore | Rs 659 Crore | Rs 488 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 218.96 | 187.36 | 140.62 | 115.96 | 146.07 |
| Diluted Eps (Rs.) | 218.96 | 187.04 | 140.62 | 115.93 | 146.04 |
| Book Value /Share (Rs.) | 963.60 | 892.17 | 839.66 | 800.54 | 778.76 |
| Dividend/Share (Rs.) | 165.00 | 140.00 | 100.00 | 95.00 | 105.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 17.08 | 16.41 | 13.65 | 13.53 | 15.04 |
| Operating Margin (%) | 15.06 | 14.41 | 11.60 | 11.20 | 12.73 |
| Net Profit Margin (%) | 11.08 | 10.22 | 8.18 | 8.55 | 9.63 |
| Return on Equity (%) | 22.71 | 21.15 | 16.87 | 14.62 | 18.92 |
| ROCE (%) | 29.47 | 28.51 | 22.14 | 19.51 | 23.76 |
| Return On Assets (%) | 15.42 | 14.31 | 11.74 | 10.30 | 12.63 |
| Current Ratio (X) | 1.80 | 1.46 | 1.57 | 1.92 | 1.75 |
| Quick Ratio (X) | 1.53 | 1.21 | 1.28 | 1.65 | 1.47 |
| Debt to Equity (x) | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Interest Coverage Ratios (X) | 98.94 | 81.24 | 44.46 | 75.33 | 84.94 |
| Asset Turnover Ratio (%) | 1.50 | 1.51 | 1.48 | 1.31 | 134.04 |
| Inventory Turnover Ratio (X) | 21.71 | 14.14 | 16.53 | 14.22 | 17.30 |
| 3 Yr CAGR Sales (%) | 17.68 | 10.48 | 8.06 | -6.73 | -2.34 |
| 3 Yr CAGR Net Profit (%) | 33.96 | 13.80 | -12.16 | -13.84 | -9.88 |
| P/E (x) | 17.00 | 25.20 | 16.69 | 19.78 | 19.95 |
| P/B (x) | 3.86 | 5.33 | 2.82 | 2.90 | 3.78 |
| EV/EBITDA (x) | 10.65 | 15.17 | 10.06 | 11.52 | 12.52 |
| P/S (x) | 1.82 | 2.50 | 1.37 | 1.55 | 1.88 |
The P/E ratio stood at 17.00, and the P/B ratio was 3.86 as of March 2025. The debt-to-equity ratio was 0.02 as of the year-ending March 2025.
Corporate Actions
Hero Motocorp announced a final dividend of Rs 65 per share (3250%) on May 13, 2025, with an effective date of July 24, 2025. Earlier, an interim dividend of Rs 100 per share (5000%) was announced on February 6, 2025, effective February 12, 2025.
The company had last split its face value from Rs 10 to Rs 2 on March 12, 2001. It also issued bonus shares in the ratio of 1:1 on August 4, 1998.
Moneycontrol's analysis suggests a very bullish sentiment for Hero Motocorp as of September 11, 2025.
Hero Motocorp shares ended lower in yesterday's trade, with the stock among the top losers on the Nifty 50.
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