Hero MotoCorp logo

Hero MotoCorp share price

NSE: HEROMOTOCOBSE: 500182AutomobilesMid Cap

Hero MotoCorp Limited · Formerly Hero Honda Motors · Face value ₹2 · Listed Feb 1985 on BSE, Apr 2003 on NSE
Last close ₹5,167.00up ₹62.00 (1.21%)BSE ₹5,152.40

Share price at the NSE close on 30 Oct 2026. Previous close ₹5,105.00.

30 Oct: open ₹5,090.00, high ₹5,196.00, low ₹5,051.50

52-week range of traded prices to 30 Oct 2026
₹4,671.50Low, 30 Jun 2026₹6,388.50High, 5 Dec 2025
Market cap
₹1,03,413 Cr103rd largest listed
P/E
17.23
P/B
4.42
Dividend yield
3.58%
ROE
27.0%
ROCE
27.3%
Debt to equity
0.02
Volume, NSE
5,73,55242.8% delivered

Hero MotoCorp share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−6.3%over a year · Nifty Auto −5.2% · Nifty 500 −8.2%

ResultsDividend20-session average 5,54,998 shares a day, 50.0% delivered

About Hero MotoCorp

Hero MotoCorp Limited makes and sells motorcycles and scooters, along with spare parts and related services, to riders in India and in markets abroad.12 Its range runs from entry-level motorcycles to scooters and premium motorcycles, and it sells electric two-wheelers under the VIDA brand and a premium motorcycle developed in partnership with Harley-Davidson that carries its name.23

The company says it has been the world's largest maker of motorcycles and scooters by volume for 25 consecutive years.2 It makes vehicles at 6 plants in India and at plants in Colombia and Bangladesh.45 The Colombian and Bangladeshi plants belong to joint ventures in which its wholly owned Dutch subsidiary holds 58.79% and 55%.6 Products are designed at its Centre for Innovation and Technology in Jaipur and at Hero Tech Center Germany.7

It was incorporated in 1984.8 The company names Brijmohan Lall Munjal as its founder and Chairman Emeritus.9 Pawan Munjal is Executive Chairman, and Harshavardhan Chitale has been Chief Executive Officer since 5 Jan 2026.10 It owns 40.45% of Hero FinCorp, a non-bank lender whose loans include two-wheeler finance, and holds stakes in Ather Energy, a listed maker of electric two-wheelers, and Euler Motors, which makes electric three- and four-wheelers.11

Hero MotoCorp key points

Results

  • Standalone (the company without its subsidiaries) revenue from operations for the quarter to Jun 2026 was ₹12,999 crore, up 36%, with dispatches up 23%. EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,727 crore, a 13.3% margin, and profit after tax ₹1,454 crore.1213
  • Consolidated profit after tax (including subsidiaries and associates) was ₹1,418 crore for the quarter to Jun 2026; the year-earlier quarter included a one-time gain of about ₹700 crore before tax.14
  • In the year to Mar 2026, standalone revenue from operations was ₹46,830 crore, EBITDA ₹6,871 crore and profit after tax ₹5,268 crore, up 14.9%, 17.1% and 14.3%, the highest the company has reported.1516
  • For the year to Mar 2026, the company paid an interim ₹110 per share and its Board recommended a final ₹75, subject to shareholder approval: ₹185 in all, against ₹165 a year before.17

Market position

  • Company's market share within each segment, domestic dispatches181920
    Itemquarter to Jun 2026quarter to Jun 2025
    100cc motorcycles85.8%83.5%
    Deluxe 125cc motorcycles17.8%12.8%
    Engine-powered scooters6.9%4.6%
  • Other market shares2122
    Itemquarter to Jun 2026quarter to Jun 2025
    Domestic market share, engine-powered two-wheelers29.0%–
    Electric two-wheelers, VIDA, by registrations10.9%6.9%
  • Its share of India's two-wheeler exports was 6.8% in the quarter to Jun 2026, against 5.7% a year earlier.2324

Volumes and revenue lines

  • Sales volumes rose 9.7% to 65 lakh units in the year to Mar 2026.25
  • Vehicles dispatched ('000)26
    Itemquarter to Jun 2026quarter to Jun 2025
    Motorcycles1,4841,274
    Scooters, engine and electric19393
    Total1,6771,367
  • Parts, accessories and merchandise revenue was ₹1,689 crore in the quarter to Jun 2026, up 30% from ₹1,296 crore a year earlier. In the year to Mar 2026 it was ₹6,147 crore, up 5%.2728
  • Electric vehicles brought in about ₹660 crore of revenue in the quarter to Jun 2026.29

Where revenue comes from

  • International dispatches reached 402,786 units in the year to Mar 2026, the most the company has shipped abroad, up 40.1%.30
  • Market share in main export markets3132
    Itemyear to Mar 2026
    Bangladesh, No. 1 brand20.1%
    Sri Lankamore than 13%
    Colombiaabout 8%
  • The company stated in its annual report for the year to Mar 2026 that it expects its new Brazilian subsidiary to start commercial operations in the year to Mar 2027.33

Plants and capacity

  • Annual production capacity by plant, million units3435
    Itemyear to Mar 2026
    Haridwar3.06
    Gurugram1.89
    Dharuhera1.5
    Halol1.05
    Tirupati0.54
    Neemrana0.32
    Jessore, Bangladesh0.15
    Villa Rica, Colombia0.12
    Total capacity is about 8.63 million units a year.
  • On its earnings call of 7 Aug 2026, the company said its electric vehicle capacity had risen from 15,000 a month to close to 30,000; it expects close to 45,000 by Mar 2027.36
  • In its presentation of 7 Aug 2026, the company said it laid the foundation stone of Global Parts Centre 2.0, Tirupati, on 1 Jul 2026; it more than doubles capacity and is due by the end of 2027.37

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it plans capital spending of ₹1,500 crore in the year to Mar 2027, to double electric vehicle capacity and expand engine-powered scooter and premium motorcycle output.38
  • On its earnings call of 7 Aug 2026, the company said it targets a medium-term EBITDA margin of 14% to 16%, though not in the short term.3940
  • On its earnings call of 7 Aug 2026, the company said it aims for export growth of more than 40% a year, the pace of the last 2 years.41
  • On its earnings call of 7 Aug 2026, the company said it is looking at products from its new electric motorcycle platforms from the next year, not this year.42

Recent events

  • In its exchange filing of 28 Aug 2026, the company said it had bought 1,18,80,000 more Ather Energy shares for about ₹1,758 crore, raising its holding to about 32.8% on a fully diluted basis (counting shares that may yet be issued).43
  • On 25 Aug 2026, Ather allotted the company 76,19,047 warrants (rights to take shares later at a set price) at ₹1,260 each, with 25% paid upfront.44
  • In its exchange filing of 1 Apr 2026, the company said it had bought Euler Motors preference shares that convert into equity for ₹210 crore, taking its holding to 36.67% on a fully diluted basis.45

Litigation and regulatory matters

  • On 7 Sep 2026, the company received orders from the Employees' State Insurance Corporation, Gurugram, placing a lien of about ₹4.80 crore on some bank accounts; the amount is paid and the company is pursuing appeals.46
  • In its exchange filing of 12 Mar 2026, the company said appeal orders cut income tax demands for assessment years 2013-14 to 2017-18 and 2019-20 from ₹177.96 crore to ₹27 crore, and that it would appeal the balance.47

Last updated

All 47 sources, each with its page
  1. 1. Annual report, 10 Jul 2026, page 179
  2. 2. Annual report, 10 Jul 2026, page 14
  3. 3. Annual report, 10 Jul 2026, page 13
  4. 4. Annual report, 10 Jul 2026, page 6
  5. 5. Annual report, 10 Jul 2026, page 21
  6. 6. Annual report, 10 Jul 2026, page 111
  7. 7. Annual report, 10 Jul 2026, page 35
  8. 8. Annual report, 10 Jul 2026, page 179
  9. 9. Annual report, 10 Jul 2026, page 12
  10. 10. Annual report, 10 Jul 2026, page 133
  11. 11. Annual report, 10 Jul 2026, page 111
  12. 12. Earnings call, 7 Aug 2026, page 6
  13. 13. Investor presentation, 7 Aug 2026, page 4
  14. 14. Earnings call, 7 Aug 2026, page 8
  15. 15. Annual report, 10 Jul 2026, page 96
  16. 16. Annual report, 10 Jul 2026, page 178
  17. 17. Annual report, 10 Jul 2026, page 108
  18. 18. Investor presentation, 7 Aug 2026, page 12
  19. 19. Investor presentation, 7 Aug 2026, page 11
  20. 20. Investor presentation, 7 Aug 2026, page 9
  21. 21. Investor presentation, 7 Aug 2026, page 6
  22. 22. Investor presentation, 7 Aug 2026, page 7
  23. 23. Investor presentation, 7 Aug 2026, page 13
  24. 24. Annual report, 10 Jul 2026, page 171
  25. 25. Annual report, 10 Jul 2026, page 36
  26. 26. Investor presentation, 7 Aug 2026, page 6
  27. 27. Investor presentation, 7 Aug 2026, page 14
  28. 28. Annual report, 10 Jul 2026, page 102
  29. 29. Earnings call, 7 Aug 2026, page 14
  30. 30. Annual report, 10 Jul 2026, page 171
  31. 31. Annual report, 10 Jul 2026, page 171
  32. 32. Annual report, 10 Jul 2026, page 100
  33. 33. Annual report, 10 Jul 2026, page 100
  34. 34. Annual report, 10 Jul 2026, page 21
  35. 35. Annual report, 10 Jul 2026, page 22
  36. 36. Earnings call, 7 Aug 2026, page 5
  37. 37. Investor presentation, 7 Aug 2026, page 14
  38. 38. Annual report, 10 Jul 2026, page 51
  39. 39. Earnings call, 7 Aug 2026, page 8
  40. 40. Earnings call, 7 Aug 2026, page 11
  41. 41. Earnings call, 7 Aug 2026, page 13
  42. 42. Earnings call, 7 Aug 2026, page 16
  43. 43. Exchange filing, 28 Aug 2026, page 1
  44. 44. Exchange filing, 25 Aug 2026, page 1
  45. 45. Exchange filing, 1 Apr 2026, page 1
  46. 46. Exchange filing, 8 Sep 2026, page 1
  47. 47. Exchange filing, 12 Mar 2026, page 2

Results

Consolidated; ₹ crore.Hero MotoCorp quarterly results

Revenue growth, 12 months
+27.0%
Net profit growth, 12 months
+13.6%

Quarter to Sep 2026, against the quarter before

Revenue
₹14,971 Crup 14.05%
Net profit
₹1,861 Crup 31.22%
Net margin
12.4%

Revenue by quarter

₹10,260 CrDec 24₹9,970 CrMar 25₹9,728 CrJun 25₹12,218 CrSep 25₹12,487 CrDec 25₹12,978 CrMar 26₹13,126 CrJun 26₹14,971 CrSep 26
Peak revenue ₹14,971 Cr, quarter to Sep 2026; lowest ₹9,728 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹1,108 CrDec 24₹1,169 CrMar 25₹1,706 CrJun 25₹1,321 CrSep 25₹1,275 CrDec 25₹1,474 CrMar 26₹1,418 CrJun 26₹1,861 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue10,2609,9709,72812,21812,48712,97813,12614,971
Net profit1,1081,1691,7061,3211,2751,4741,4181,861
Net margin10.8%11.7%17.5%10.8%10.2%11.4%10.8%12.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Automotive, which carries all its revenue.

Valuation

Today, against the company's own history.Hero MotoCorp PE ratio and valuation

Price to earnings

At or below today's level on 19% of 2,479 trading days over the last 10 years.

LowestHighest
Its median19.82Industry median18.30
Price to book

At or below today's level on 64% of 1,992 trading days since Oct 2018.

LowestHighest
Its median4.05Industry median2.17
Dividend yield

At or below today's level on 75% of 2,479 trading days over the last 10 years.

LowestHighest
Its median3.24%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+39.6%+31.1%+3.8%3.7%
3 years+32.9%+26.8%+1.9%3.7%
5 years+15.6%+14.5%−2.4%3.9%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Hero MotoCorp shareholding pattern

Shareholding by group

  • Promoters34.72%
  • Foreign institutions32.22%
  • Indian institutions23.94%
  • Individuals and others9.12%
Holder
BAHADUR CHAND INVESTMENTS PVT LTDPromoter20.00%
PAWAN MUNJAL, RENU MUNJAL AND SUMAN KANT MUNJAL (ON BEHALF OF BMOP, PARTNERSHIP FIRM)Promoter13.95%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I2.20%
WGI EMERGING MARKETS FUND, LLCForeign portfolio investors, category II1.82%
HERO INVESTCORP PRIVATE LIMITEDPromoter0.44%
PAWAN MUNJAL FAMILY TRUST (PAWAN MUNJAL & ANIESHA MUNJAL)Promoter0.10%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.01 pts, foreign institutions +1.13 pts, Indian institutions −0.42 pts, mutual funds −1.36 pts.

Mutual fund holdings

275 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 128 of the 176 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 275 funds holding Hero MotoCorp

Bought for the first time
2
Bought again
1
Added
75
Cut
101
Held unchanged
95
Sold out
21
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Hero MotoCorp insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Hero MotoCorp competitors and peers

2/3 Wheelers, 13 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Hero MotoCorp in market cap.Automobile companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Bajaj Auto logoBajaj AutoBAJAJ-AUTO2,84,42221.767.77+47.9%+56.9%36.9%23.6%1.45%
TVS Motor Company logoTVS Motor CompanyTVSMOTOR1,99,30952.0817.56+34.0%+46.1%39.3%16.3%0.29%
Eicher Motors logoEicher MotorsEICHERMOT1,98,20534.347.90+28.1%+19.3%24.9%20.7%1.14%
Ather Energy logoAther EnergyATHERENERG69,644–16.25––−6.7%−6.5%0.00%
Ola Electric Mobility logoOla Electric MobilityOLAELEC16,586––−49.2%–−41.0%−26.9%0.00%
Zelio E Mobility logoZelio E MobilityZELIO2,19977.4619.72––25.5%–0.00%
Mercury Ev-Tech logoMercury Ev-TechMERCURYEV602–2.17+4.2%––0.7%0.00%
Tunwal E-Motors logoTunwal E-MotorsTUNWAL13210.271.05+55.0%+8.8%11.2%–0.44%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Hero MotoCorp dividend history

Dividend per share, ₹, restated for later splits and bonuses

85Mar 1795Mar 1887Mar 1990Mar 20105Mar 2195Mar 22100Mar 23140Mar 24165Mar 25185Mar 26
Highest ₹185.00 a share, year to Mar 2026.
Ex-dateTypePer share
24 Jul 2026Final₹75.00
11 Feb 2026Interim₹110.00
24 Jul 2025Final₹65.00
12 Feb 2025Interim₹100.00
1 Aug 2024Final₹40.00
21 Feb 2024Interim₹75.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Hero MotoCorp announcements

Hero MotoCorp share price by year

Each calendar year to 2025.Hero MotoCorp share price history

YearClose at year endChangeHighest closeLowest close
20255,771.00+38.7%6,350.503,493.10
20244,160.60+0.5%6,190.553,946.95
20234,139.55+51.1%4,173.252,249.50
20222,738.85+11.2%2,913.452,198.70
20212,462.10−20.8%3,584.002,347.40
20203,110.00+27.3%3,346.451,553.50
20192,443.05−21.3%3,127.602,258.80
20183,104.25−18.0%3,803.152,695.10
20173,785.15+24.4%4,048.952,986.55
20163,043.65+13.0%3,703.752,427.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20265,331.005,412.005,095.005,105.005,195.3310,84,40736.8%
28 Oct 20265,234.005,359.005,201.505,322.505,297.474,14,77136.5%
27 Oct 20265,250.005,328.005,195.005,218.505,268.545,71,72854.2%
26 Oct 20265,047.005,199.004,976.505,199.005,101.454,19,99743.0%
23 Oct 20265,112.005,169.504,994.505,047.005,038.485,05,26061.0%
22 Oct 20265,085.505,264.005,056.505,128.005,159.044,83,66147.6%
21 Oct 20265,240.005,323.005,064.005,153.505,177.754,03,97445.6%
19 Oct 20265,228.005,299.005,183.005,230.005,245.753,66,04247.0%
16 Oct 20265,204.505,232.005,136.505,225.005,197.394,96,67356.1%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
Pawan Munjal
At the end of the quarter to Sep 2026
NSE symbol
HEROMOTOCO
BSE code
500182
ISIN
INE158A01026
Industry
Automobiles
Former symbols
HEROHONDA
CIN
L35911DL1984PLC017354
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
The Grand Plaza, Plot No. 2, Nelson Mandela Road, Vasant Kunj - Phase - II, New Delhi 110070, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments
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