Hero MotoCorp share price
NSE: HEROMOTOCOBSE: 500182AutomobilesMid Cap
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
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,03,413 Cr103rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 17.23
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.42
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 3.58%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 27.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 5,73,55242.8% 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
Item quarter to Jun 2026 quarter to Jun 2025 100cc motorcycles 85.8% 83.5% Deluxe 125cc motorcycles 17.8% 12.8% Engine-powered scooters 6.9% 4.6% - Other market shares2122
Item quarter to Jun 2026 quarter to Jun 2025 Domestic market share, engine-powered two-wheelers 29.0% – Electric two-wheelers, VIDA, by registrations 10.9% 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
Item quarter to Jun 2026 quarter to Jun 2025 Motorcycles 1,484 1,274 Scooters, engine and electric 193 93 Total 1,677 1,367 - 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
Item year to Mar 2026 Bangladesh, No. 1 brand 20.1% Sri Lanka more than 13% Colombia about 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 units3435Total capacity is about 8.63 million units a year.
Item year to Mar 2026 Haridwar 3.06 Gurugram 1.89 Dharuhera 1.5 Halol 1.05 Tirupati 0.54 Neemrana 0.32 Jessore, Bangladesh 0.15 Villa Rica, Colombia 0.12 - 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. Annual report, 10 Jul 2026, page 179
- 2. Annual report, 10 Jul 2026, page 14
- 3. Annual report, 10 Jul 2026, page 13
- 4. Annual report, 10 Jul 2026, page 6
- 5. Annual report, 10 Jul 2026, page 21
- 6. Annual report, 10 Jul 2026, page 111
- 7. Annual report, 10 Jul 2026, page 35
- 8. Annual report, 10 Jul 2026, page 179
- 9. Annual report, 10 Jul 2026, page 12
- 10. Annual report, 10 Jul 2026, page 133
- 11. Annual report, 10 Jul 2026, page 111
- 12. Earnings call, 7 Aug 2026, page 6
- 13. Investor presentation, 7 Aug 2026, page 4
- 14. Earnings call, 7 Aug 2026, page 8
- 15. Annual report, 10 Jul 2026, page 96
- 16. Annual report, 10 Jul 2026, page 178
- 17. Annual report, 10 Jul 2026, page 108
- 18. Investor presentation, 7 Aug 2026, page 12
- 19. Investor presentation, 7 Aug 2026, page 11
- 20. Investor presentation, 7 Aug 2026, page 9
- 21. Investor presentation, 7 Aug 2026, page 6
- 22. Investor presentation, 7 Aug 2026, page 7
- 23. Investor presentation, 7 Aug 2026, page 13
- 24. Annual report, 10 Jul 2026, page 171
- 25. Annual report, 10 Jul 2026, page 36
- 26. Investor presentation, 7 Aug 2026, page 6
- 27. Investor presentation, 7 Aug 2026, page 14
- 28. Annual report, 10 Jul 2026, page 102
- 29. Earnings call, 7 Aug 2026, page 14
- 30. Annual report, 10 Jul 2026, page 171
- 31. Annual report, 10 Jul 2026, page 171
- 32. Annual report, 10 Jul 2026, page 100
- 33. Annual report, 10 Jul 2026, page 100
- 34. Annual report, 10 Jul 2026, page 21
- 35. Annual report, 10 Jul 2026, page 22
- 36. Earnings call, 7 Aug 2026, page 5
- 37. Investor presentation, 7 Aug 2026, page 14
- 38. Annual report, 10 Jul 2026, page 51
- 39. Earnings call, 7 Aug 2026, page 8
- 40. Earnings call, 7 Aug 2026, page 11
- 41. Earnings call, 7 Aug 2026, page 13
- 42. Earnings call, 7 Aug 2026, page 16
- 43. Exchange filing, 28 Aug 2026, page 1
- 44. Exchange filing, 25 Aug 2026, page 1
- 45. Exchange filing, 1 Apr 2026, page 1
- 46. Exchange filing, 8 Sep 2026, page 1
- 47. Exchange filing, 12 Mar 2026, page 2
Results
Consolidated; ₹ crore.Hero MotoCorp quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +27.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.6%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹14,971 Crup 14.05%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,861 Crup 31.22%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 12.4%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 | 14,971 |
| Net profit | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 | 1,861 |
| Net margin | 10.8% | 11.7% | 17.5% | 10.8% | 10.2% | 11.4% | 10.8% | 12.4% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹47,411 Crup 15.85%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,776 Crup 31.99%
- Net margin
- 12.2%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 30,958what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹2,373 crore, a tax on the goods the company makes that it collects and pays to the government. | 33,101what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹643 crore, a tax on the goods the company makes that it collects and pays to the government. | 33,972what Revenue, Mar 2019, includes. This period's revenue includes excise duty of ₹1.41 crore, a tax on the goods the company makes that it collects and pays to the government. | 29,255what Revenue, Mar 2020, includes. This period's revenue includes excise duty of ₹1.35 crore, a tax on the goods the company makes that it collects and pays to the government. | 30,959 | 29,551 | 34,158 | 37,789 | 40,923 | 47,411 |
| Net profit | 3,546 | 3,722 | 3,466 | 3,659 | 2,936 | 2,329 | 2,800 | 3,742 | 4,376 | 5,776 |
| Net margin | 11.5% | 11.2% | 10.2% | 12.5% | 9.5% | 7.9% | 8.2% | 9.9% | 10.7% | 12.2% |
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
At or below today's level on 19% of 2,479 trading days over the last 10 years.
At or below today's level on 64% of 1,992 trading days since Oct 2018.
At or below today's level on 75% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 75
- CutCut. Funds that held fewer shares than at the end of the month before.
- 101
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 95
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 21
| Fund | |||
|---|---|---|---|
| 20,00,000 | 1.97% | ₹1,048.2 Cr | |
| 18,84,382 | 3.26% | ₹987.6 Cr | |
| 16,79,350 | 2.05% | ₹880.1 Cr | |
| 12,25,000 | 2.10% | ₹642.0 Cr | |
| 10,78,292 | 2.89% | ₹565.1 Cr | |
| 7,40,074 | 1.58% | ₹387.9 Cr | |
| 6,93,279 | 2.44% | ₹363.3 Cr | |
| 6,59,056 | 0.60% | ₹345.4 Cr | |
| 6,50,000 | 2.24% | ₹340.7 Cr | |
| 5,84,578 | 2.09% | ₹306.4 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,84,422 | 21.76 | 7.77 | +47.9% | +56.9% | 36.9% | 23.6% | 1.45% | |
| 1,99,309 | 52.08 | 17.56 | +34.0% | +46.1% | 39.3% | 16.3% | 0.29% | |
| 1,98,205 | 34.34 | 7.90 | +28.1% | +19.3% | 24.9% | 20.7% | 1.14% | |
| 69,644 | – | 16.25 | – | – | −6.7% | −6.5% | 0.00% | |
| 16,586 | – | – | −49.2% | – | −41.0% | −26.9% | 0.00% | |
| 2,199 | 77.46 | 19.72 | – | – | 25.5% | – | 0.00% | |
| 602 | – | 2.17 | +4.2% | – | – | 0.7% | 0.00% | |
| 132 | 10.27 | 1.05 | +55.0% | +8.8% | 11.2% | – | 0.44% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 24 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹75.00 |
| 11 Feb 2026 | Interim | ₹110.00 |
| 24 Jul 2025 | Final | ₹65.00 |
| 12 Feb 2025 | Interim | ₹100.00 |
| 1 Aug 2024 | Final | ₹40.00 |
| 21 Feb 2024 | Interim | ₹75.00 |
Latest announcements
Routine notices left out.Hero MotoCorp announcements
Oct 2026
Hero MotoCorp share price by year
Each calendar year to 2025.Hero MotoCorp share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 5,771.00 | +38.7% | 6,350.50 | 3,493.10 |
| 2024 | 4,160.60 | +0.5% | 6,190.55 | 3,946.95 |
| 2023 | 4,139.55 | +51.1% | 4,173.25 | 2,249.50 |
| 2022 | 2,738.85 | +11.2% | 2,913.45 | 2,198.70 |
| 2021 | 2,462.10 | −20.8% | 3,584.00 | 2,347.40 |
| 2020 | 3,110.00 | +27.3% | 3,346.45 | 1,553.50 |
| 2019 | 2,443.05 | −21.3% | 3,127.60 | 2,258.80 |
| 2018 | 3,104.25 | −18.0% | 3,803.15 | 2,695.10 |
| 2017 | 3,785.15 | +24.4% | 4,048.95 | 2,986.55 |
| 2016 | 3,043.65 | +13.0% | 3,703.75 | 2,427.75 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 5,331.00 | 5,412.00 | 5,095.00 | 5,105.00 | 5,195.33 | 10,84,407 | 36.8% |
| 28 Oct 2026 | 5,234.00 | 5,359.00 | 5,201.50 | 5,322.50 | 5,297.47 | 4,14,771 | 36.5% |
| 27 Oct 2026 | 5,250.00 | 5,328.00 | 5,195.00 | 5,218.50 | 5,268.54 | 5,71,728 | 54.2% |
| 26 Oct 2026 | 5,047.00 | 5,199.00 | 4,976.50 | 5,199.00 | 5,101.45 | 4,19,997 | 43.0% |
| 23 Oct 2026 | 5,112.00 | 5,169.50 | 4,994.50 | 5,047.00 | 5,038.48 | 5,05,260 | 61.0% |
| 22 Oct 2026 | 5,085.50 | 5,264.00 | 5,056.50 | 5,128.00 | 5,159.04 | 4,83,661 | 47.6% |
| 21 Oct 2026 | 5,240.00 | 5,323.00 | 5,064.00 | 5,153.50 | 5,177.75 | 4,03,974 | 45.6% |
| 19 Oct 2026 | 5,228.00 | 5,299.00 | 5,183.00 | 5,230.00 | 5,245.75 | 3,66,042 | 47.0% |
| 16 Oct 2026 | 5,204.50 | 5,232.00 | 5,136.50 | 5,225.00 | 5,197.39 | 4,96,673 | 56.1% |
Company details
- NSE symbol
- HEROMOTOCO
- BSE code
- 500182
- ISIN
- INE158A01026
- Industry
- Automobiles
- Former symbols
- HEROHONDA
- Website
- www.heromotocorp.com
- 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