Hero Motocorp stock among top gainers on Nifty 50, up 1.7% in early trade
Hero Motocorp's stock performance reflects its strong market position, with the stock trading at Rs 4,323.90 in early trade, marking it among the top gainers on the Nifty 50.
Alpha Desk
July 15, 2025 / 09:53 IST
DisclaimerThis is an AI-assisted live blog with updates from multiple sourcesDisclaimer
Shares of Hero Motocorp led the gains on the Nifty 50 in Tuesday's early trading session. At 09:30 am, the stock was trading at Rs 4,323.90, a 1.7% increase from its previous close, positioning it as a top performer on the index.
Other notable gainers on the Nifty 50 included Sun Pharma (up 1.47% to Rs 1,707.30), IndusInd Bank (up 0.97% to Rs 876.05), Shriram Finance (up 0.92% to Rs 675.90), and Bajaj Auto (up 0.85% to Rs 8,156.50).
Hero Motocorp Financial Overview
Here's a look at the key financial performance indicators for Hero Motocorp:
Consolidated Quarterly Results
The following table presents the consolidated quarterly results for Hero Motocorp over the last five quarters:
Heading
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Revenue
Rs 9,616.68 Crore
Rs 10,210.79 Crore
Rs 10,482.93 Crore
Rs 10,259.89 Crore
Rs 9,969.81 Crore
Net Profit
Rs 1,018.03 Crore
Rs 1,086.35 Crore
Rs 1,152.75 Crore
Rs 1,200.12 Crore
Rs 1,097.71 Crore
EPS
46.78
52.31
53.19
55.38
58.08
The revenue for Hero Motocorp has shown a fluctuating trend over the past five quarters, with a peak in September 2024 at Rs 10,482.93 Crore and a slight decrease to Rs 9,969.81 Crore in March 2025. Net profit also varied, reaching its highest in December 2024 at Rs 1,200.12 Crore, before dropping to Rs 1,097.71 Crore in March 2025. Earnings per share (EPS) increased steadily, peaking at 58.08 in March 2025.
Consolidated Yearly Results
The following table presents the consolidated yearly results for Hero Motocorp over the last five years:
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 yearly data reveals consistent growth in revenue from 2021 to 2025, with revenue increasing from Rs 30,959.19 Crore to Rs 40,923.42 Crore. Net profit also shows a positive trend, rising from Rs 2,982.61 Crore in 2021 to Rs 4,536.93 Crore in 2025. EPS has increased from 146.07 in 2021 to 218.96 in 2025. The book value per share (BVPS) has steadily grown from Rs 778.76 to Rs 963.60, and the return on equity (ROE) has improved from 18.92% to 22.71%. The debt-to-equity ratio has remained stable at 0.02 over the years.
Consolidated Yearly Income Statement
The following table presents the consolidated yearly Income statement for Hero Motocorp over the last five years:
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
Consolidated Quarterly Income Statement
The following table presents the consolidated quarterly Income statement for Hero Motocorp over the last five quarters:
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Sales
Rs 9,969 Crore
Rs 10,259 Crore
Rs 10,482 Crore
Rs 10,210 Crore
Rs 9,616 Crore
Other Income
Rs 274 Crore
Rs 306 Crore
Rs 238 Crore
Rs 224 Crore
Rs 177 Crore
Total Income
Rs 10,244 Crore
Rs 10,566 Crore
Rs 10,721 Crore
Rs 10,435 Crore
Rs 9,794 Crore
Total Expenditure
Rs 8,733 Crore
Rs 8,961 Crore
Rs 9,152 Crore
Rs 8,954 Crore
Rs 8,419 Crore
EBIT
Rs 1,510 Crore
Rs 1,605 Crore
Rs 1,568 Crore
Rs 1,480 Crore
Rs 1,374 Crore
Interest
Rs 16 Crore
Rs 16 Crore
Rs 18 Crore
Rs 18 Crore
Rs 7 Crore
Tax
Rs 396 Crore
Rs 388 Crore
Rs 397 Crore
Rs 375 Crore
Rs 348 Crore
Net Profit
Rs 1,097 Crore
Rs 1,200 Crore
Rs 1,152 Crore
Rs 1,086 Crore
Rs 1,018 Crore
Cash Flow
The following table presents the consolidated Cash Flow for Hero Motocorp over the last five years:
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
Balance Sheet
The following table presents the consolidated Balance Sheet for Hero Motocorp over the last five years:
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 0 Crore
Rs 1,177 Crore
Rs 965 Crore
Rs 659 Crore
Rs 488 Crore
Ratios
The following table presents key financial ratios for Hero Motocorp over the last five years:
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.)
218.69
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)
14.12
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
Corporate Actions
Hero Motocorp has announced its 42nd Annual General Meeting (AGM) which will be held on August 5, 2025, at 11:30 AM through video conferencing. The company has declared a final dividend of Rs.65.00 per share (3250%) with an effective date of July 24, 2025. The company had announced an interim dividend of Rs.100.00 per share (5000%) with effective date February 12, 2025. The company has a history of bonus issues, including a 1:1 bonus ratio on August 4, 1998. Additionally, the stock underwent a split on March 12, 2001, with the face value changing from Rs 10 to Rs 2.
Hero Motocorp's stock performance reflects its strong market position, with the stock trading at Rs 4,323.90 in early trade, marking it among the top gainers on the Nifty 50.