Hero Motocorp's shares gained 3.07% on Monday to Rs 5,244. This made the automobile stock one of the top gainers on the Nifty 50 in yesterday's trading.
Financial Performance:
The following table summarizes the consolidated quarterly financial performance of Hero Motocorp:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 10,210.79 Crore | Rs 10,482.93 Crore | Rs 10,259.89 Crore | Rs 9,969.81 Crore | Rs 9,727.75 Crore |
| Net Profit | Rs 1,086.35 Crore | Rs 1,152.75 Crore | Rs 1,200.12 Crore | Rs 1,097.71 Crore | Rs 1,076.21 Crore |
| EPS | 52.31 | 53.19 | 55.38 | 58.08 | 85.26 |
The following table summarizes the consolidated yearly financial performance of Hero Motocorp:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 30,959.19 Crore | Rs 29,551.28 Crore | Rs 34,158.38 Crore | Rs 37,788.62 Crore | Rs 40,923.42 Crore |
| Net Profit | Rs 2,982.61 Crore | Rs 2,528.10 Crore | Rs 2,796.79 Crore | Rs 3,862.41 Crore | Rs 4,536.93 Crore |
| EPS | 146.07 | 115.96 | 140.62 | 187.36 | 218.96 |
| BVPS | 778.76 | 800.54 | 839.66 | 892.17 | 963.60 |
| ROE | 18.92 | 14.62 | 16.87 | 21.15 | 22.71 |
| Debt to Equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
The revenue for the year-ending March 2025 stood at Rs 40,923.42 Crore, an increase compared to Rs 37,788.62 Crore in 2024. Similarly, the net profit for the year-ending March 2025 was Rs 4,536.93 Crore, up from Rs 3,862.41 Crore in 2024.
The following table presents the consolidated yearly income statement:
| 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 following table presents the consolidated quarterly income statement:
| 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 cash flow from operating activities for the year-ending March 2025 was Rs 4,297 Crore, compared to Rs 4,923 Crore in the previous year. Investing activities resulted in a cash outflow of Rs -1,703 Crore, while financing activities led to an outflow of Rs -2,815 Crore.
| 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 |
The following table shows the balance sheet figures:
| 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 |
Key financial ratios for Hero Motocorp are provided in the table below:
| 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 [Excl. Reval Reserve]/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 Networth / 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 |
Hero Motocorp announced a final dividend of Rs 65 per share (3250%) with an effective date of July 24, 2025. Prior to this, an interim dividend of Rs 100 per share (5000%) was announced on February 6, 2025, with an effective date of February 12, 2025.
The company has also announced bonus issues in the past, with the most recent one on August 4, 1998, in the ratio of 1:1. Additionally, a stock split was announced on January 30, 2001, where the old face value of Rs 10 was split into a new face value of Rs 2, effective from March 12, 2001.
A Moneycontrol analysis indicates very bullish sentiment on Hero Motocorp as of today.
Hero Motocorp's rise in early trade positions it strongly among Nifty 50 gainers, showcasing positive investor confidence amid recent market activity.
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