Hero MotoCorp Limited (NSE:HEROMOTOCO)

Hero MotoCorp Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	57,417	43,785	37,448	28,100	23,169
Depreciation & Amortization	6,686	6,577	6,277	6,301	6,398
Other Amortization	1,864	1,669	1,297	672.8	497.5
Loss (Gain) From Sale of Assets	128.1	19	-7	-7.3	96.1
Loss (Gain) From Sale of Investments	-6,465	-4,148	-5,042	-3,003	-3,329
Loss (Gain) on Equity Investments	-3,846	1,611	1,203	-31.1	1,991
Stock-Based Compensation	176.4	156.6	237.4	160.4	100
Provision & Write-off of Bad Debts	-	-	-	103.3	7.4
Other Operating Activities	3,438	-4,269	-2,254	44.6	-1,207
Change in Accounts Receivable	10,268	-7,595	695.9	-5,713	1,155
Change in Inventory	-6,368	-2,574	4.9	-2,840	3,169
Change in Accounts Payable	19,766	767.5	8,627	4,171	-9,211
Change in Other Net Operating Assets	80.9	6,975	743.7	-1,820	-1,797
Operating Cash Flow	83,146	42,974	49,231	26,138	21,037
Operating Cash Flow Growth	93.48%	-12.71%	88.35%	24.25%	-48.82%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-11,001	-8,566	-7,879	-6,043	-5,697
Sale of Property, Plant & Equipment	120.8	224.4	107	428.8	108.2
Investment in Securities	-38,306	-12,863	-15,110	-596.4	1,824
Other Investing Activities	4,409	4,171	4,603	1,997	1,545
Investing Cash Flow	-44,778	-17,034	-18,279	-4,213	-2,220

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	417.9	933.3	702.9	-	204.6
Total Debt Issued	417.9	933.3	702.9	-	204.6
Short-Term Debt Repaid	-	-	-	-241.6	-
Long-Term Debt Repaid	-541.9	-551.6	-314.1	-231	-395.9
Total Debt Repaid	-541.9	-551.6	-314.1	-472.6	-395.9
Net Debt Issued (Repaid)	-124	381.7	388.8	-472.6	-191.3
Issuance of Common Stock	24.6	69.2	104.1	32.4	50.4
Common Dividends Paid	-35,011	-27,998	-26,987	-19,983	-18,981
Other Financing Activities	-226.6	-606.5	-672.1	-1,049	-631.2
Financing Cash Flow	-35,337	-28,154	-27,166	-21,472	-19,753

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Cash Flow	3,032	-2,214	3,786	452.8	-936

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	72,145	34,408	41,352	20,096	15,340
Free Cash Flow Growth	109.68%	-16.79%	105.77%	31.00%	-56.54%
Free Cash Flow Margin	15.22%	8.41%	10.94%	5.88%	5.19%
Free Cash Flow Per Share	360.27	171.85	206.53	100.47	76.76
Levered Free Cash Flow	62,689	26,037	38,367	18,519	11,834
Unlevered Free Cash Flow	63,053	26,368	38,742	19,062	12,018

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	782.7	706.5	763.7	1,049	528.5
Cash Income Tax Paid	11,668	15,652	13,292	8,566	7,852
Change in Working Capital	23,747	-2,427	10,072	-6,202	-6,685

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Aug 7, 2026

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