Hero MotoCorp Limited (BOM:500182)

Hero MotoCorp Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	474,112	474,112	409,234	377,886	341,584	295,513
Revenue Growth	15.85%	15.85%	8.30%	10.63%	15.59%	-4.55%
Gross Profit Gross Profit Growth	155,120	155,120	138,132	121,070	100,597	84,839
Operating Income Operating Income Growth	62,039	62,039	51,632	45,856	34,486	27,781
Net Income Net Income Growth	57,417	57,417	43,785	37,448	28,100	23,169
Earnings Per Share EPS Growth	286.72	286.72	218.69	187.04	140.49	115.93
EPS Growth	31.11%	31.11%	16.92%	33.13%	21.19%	-20.62%

Revenue by Geography

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	415,025	415,025	372,180	360,055	326,698	276,174
Outside India Outside India Growth	59,087	59,087	37,055	17,831	14,885	19,339
Total Total Growth	474,112	474,112	409,234	377,886	341,584	295,513

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	129,413	129,413	71,878	49,743	40,354	60,513
Total Debt Total Debt Growth	7,786	7,786	6,999	6,064	5,675	6,052
Net Cash (Debt) Net Cash Growth	121,627	121,627	64,879	43,679	34,679	54,462
Net Cash Growth	87.47%	87.47%	48.54%	25.95%	-36.32%	-7.94%
Net Cash Per Share Net Cash Per Share Growth	607.36	607.36	324.04	218.15	173.38	272.50

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	83,146	83,146	42,974	49,231	26,138	21,037
Capital Expenditures CapEx Growth	-11,001	-11,001	-8,566	-7,879	-6,043	-5,697
Free Cash Flow Free Cash Flow Growth	72,145	72,145	34,408	41,352	20,096	15,340
Free Cash Flow Growth	109.68%	109.68%	-16.79%	105.77%	31.00%	-56.54%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	32.72%	32.72%	33.75%	32.04%	29.45%	28.71%
Operating Margin	13.08%	13.08%	12.62%	12.13%	10.10%	9.40%
Pretax Margin	15.68%	15.68%	14.50%	13.47%	11.31%	10.35%
Profit Margin	12.11%	12.11%	10.70%	9.91%	8.23%	7.84%
FCF Margin	15.22%	15.22%	8.41%	10.94%	5.88%	5.19%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	185.000	185.000	165.000	115.000	100.000	95.000
Dividend Per Share Growth	12.12%	12.12%	43.48%	15.00%	5.26%	5.56%
Dividend Yield	3.69%	3.71%	4.66%	2.64%	4.78%	4.82%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	17.48	17.63	17.00	25.18	16.69	19.81
Forward PE	17.73	18.45	20.68	22.91	22.91	22.91
P/FCF Ratio	13.90	14.04	21.64	22.81	23.34	29.92
PS Ratio	2.11	2.14	1.82	2.50	1.37	1.55

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

Data Sources Report a data error