Hero Motocorp stock is among the top gainers on the Nifty 50 in Monday's early trading session, rising by 1.05%. At 09:25 am, the stock was trading at Rs 5,465.00. Other top gainers on the Nifty 50 include SBI Life Insurance, up 0.8%, Trent, up 0.63%, Asian Paints, up 0.41%, and Tata Motors, up 0.4%.
Hero Motocorp Financial Highlights
Here's a look at the key financial data for Hero Motocorp:
Consolidated Quarterly Results
The following table presents the consolidated quarterly results for 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 revenue for the quarter ending June 2025 was Rs 9,727.75 Crore, a decrease compared to Rs 10,210.79 Crore in June 2024. The net profit for the same period was Rs 1,076.21 Crore, slightly down from Rs 1,086.35 Crore in the corresponding quarter of the previous year.
Consolidated Yearly Results
The following table presents the consolidated yearly results for 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 annual revenue for 2025 was Rs 40,923.42 Crore, compared to Rs 37,788.62 Crore in 2024. The net profit for the year was Rs 4,536.93 Crore, up from Rs 3,862.41 Crore in the previous year. The debt-to-equity ratio remained stable at 0.02.
Income Statement
The following table presents the income statement for Hero Motocorp:
| 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 |
Quarterly Income Statement
The following table presents the quarterly income statement for Hero Motocorp:
| 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 |
Cash Flow
The following table presents the cash flow for Hero Motocorp:
| 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 balance sheet for Hero Motocorp:
| 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 |
Financial Ratios
Key financial ratios for Hero Motocorp are provided below:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | -36.99 | -29.88 | 6.29 | 81.95 | 78.80 |
| Diluted EPS (Rs.) | -36.99 | -29.88 | 6.29 | 81.88 | 78.75 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 148.39 | 127.50 | 137.33 | 242.90 | 315.61 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 2.00 | 6.00 | 6.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 13.98 | 9.97 | 10.56 | 14.95 | 14.18 |
| Operating Margin (%) | 4.55 | 1.05 | 3.37 | 8.72 | 8.89 |
| Net Profit Margin (%) | -5.21 | -4.03 | 0.68 | 7.10 | 6.33 |
| Return on Networth / Equity (%) | -24.34 | -25.67 | 5.32 | 36.97 | 23.96 |
| ROCE (%) | 6.14 | 1.63 | 6.45 | 19.39 | 18.45 |
| Return On Assets (%) | -3.92 | -3.46 | 0.71 | 8.47 | 7.34 |
| Current Ratio (X) | 0.93 | 0.98 | 0.98 | 0.97 | 0.96 |
| Quick Ratio (X) | 0.70 | 0.74 | 0.71 | 0.69 | 0.68 |
| Debt to Equity (x) | 2.08 | 3.13 | 2.77 | 1.16 | 0.54 |
| Interest Coverage Ratios (X) | 4.31 | 2.98 | 3.57 | 6.56 | 12.27 |
| Asset Turnover Ratio (%) | 0.16 | 0.23 | 1.04 | 1.24 | 1.17 |
| Inventory Turnover Ratio (X) | 0.91 | 1.59 | 5.50 | 5.63 | 5.07 |
| 3 Yr CAGR Sales (%) | -7.92 | -3.97 | 15.12 | 32.41 | 25.66 |
| 3 Yr CAGR Net Profit (%) | 38.22 | -37.69 | -53.69 | 54.59 | 43.05 |
| P/E (x) | -8.16 | -14.52 | 66.90 | 12.11 | 8.56 |
| P/B (x) | 2.09 | 3.73 | 3.55 | 4.48 | 2.14 |
| EV/EBITDA (x) | 5.30 | 9.70 | 7.10 | 6.78 | 4.47 |
| P/S (x) | 0.46 | 0.60 | 0.47 | 0.87 | 0.56 |
Corporate Actions
Recent corporate actions for Hero Motocorp include dividend declarations and bonus issues. Key highlights are:
- Dividends: The company declared a final dividend of Rs 65.00 per share (3250%) on July 24, 2025, and an interim dividend of Rs 100.00 per share (5000%) on February 12, 2025.
- Bonus Issues: A bonus ratio of 1:1 was announced on August 4, 1998, with a record date of September 7, 1998.
- Stock Splits: A stock split was announced on January 30, 2001, with the old face value of Rs 10 being split into a new face value of Rs 2.
Moneycontrol analysis indicates very bullish sentiment on the stock as of September 22, 2025.
Hero Motocorp is among the top gainers on the Nifty 50 in Monday's early trading session, rising by 1.05%.
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