Hero Motors Limited (NSE:HEROMOTORS)

Hero Motors Balance Sheet

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

Assets

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 & Equivalents	223.92	94.48	422.61	75.58	503.55
Short-Term Investments	200	383.1	460	932.96	49.5
Trading Asset Securities	23.1	21.6	66.76	153.03	244.65
Cash & Short-Term Investments	447.02	499.18	949.37	1,162	797.7
Cash Growth	-10.45%	-47.42%	-18.27%	45.62%	824.61%
Accounts Receivable	2,529	2,023	1,948	2,410	1,906
Other Receivables	79.55	33.13	202.57	401.86	479.61
Receivables	2,618	2,068	2,156	2,815	2,387
Inventory	2,085	1,913	1,799	1,916	1,415
Prepaid Expenses	73.53	42.53	62.62	23.28	5.45
Other Current Assets	835.07	633.56	393.53	96.61	122.58
Total Current Assets	6,059	5,155	5,361	6,013	4,727
Property, Plant & Equipment	6,766	5,633	4,554	3,180	1,836
Long-Term Investments	79.07	79.78	89.53	11.34	-
Goodwill	79.73	79.73	79.73	79.73	-
Other Intangible Assets	318.64	318.15	213.1	23.19	7.58
Long-Term Deferred Tax Assets	55.91	21.43	4.16	-	-
Long-Term Deferred Charges	225.35	113.54	19.48	10.31	-
Other Long-Term Assets	117.25	231.22	264.63	153.27	159.34
Total Assets	13,718	11,646	10,598	9,496	6,731

Liabilities

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
Accounts Payable	1,403	1,372	1,362	2,355	1,977
Accrued Expenses	206.84	216.41	136.03	114.87	83.8
Short-Term Debt	3,811	2,814	2,605	1,647	1,225
Current Portion of Long-Term Debt	636.58	446.23	374.18	176.63	691.67
Current Portion of Leases	47.3	58.85	66.63	34.73	-
Current Income Taxes Payable	-	-	-	-	5.96
Current Unearned Revenue	-	-	-	-	0.1
Other Current Liabilities	340.38	246.71	365.54	335.36	365.68
Total Current Liabilities	6,445	5,155	4,910	4,663	4,350
Long-Term Debt	987.69	1,234	817.53	606.39	583.33
Long-Term Leases	651.01	181.33	233.3	88.25	-
Long-Term Unearned Revenue	-	-	-	-	1.31
Pension & Post-Retirement Benefits	519.4	558.64	709.02	653.68	67.95
Long-Term Deferred Tax Liabilities	177.41	139.31	105.99	36.25	112.81
Other Long-Term Liabilities	127.52	118.39	74.52	65.67	48.65
Total Liabilities	8,908	7,386	6,850	6,114	5,164

Shareholders' Equity

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
Common Stock	3,583	3,574	3,536	3,536	345.97
Additional Paid-In Capital	5,824	5,770	5,541	5,544	-
Retained Earnings	2,140	1,770	1,568	1,575	1,222
Comprehensive Income & Other	-6,801	-6,863	-6,786	-7,159	-0.05
Total Common Equity	4,747	4,251	3,858	3,496	1,567
Minority Interest	63.53	9.19	-110.23	-113.14	-
Shareholders' Equity	4,810	4,260	3,748	3,382	1,567
Total Liabilities & Equity	13,718	11,646	10,598	9,496	6,731

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
Total Debt	6,133	4,735	4,097	2,553	2,500
Net Cash (Debt)	-5,686	-4,235	-3,147	-1,391	-1,703
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-14.84	-11.07	-8.22	-10.50	-49.22
Filing Date Shares Outstanding	358.34	357.38	353.58	353.58	34.6
Total Common Shares Outstanding	358.34	357.38	353.58	353.58	34.6
Working Capital	-385.66	0.71	450.99	1,349	377.72
Book Value Per Share	13.25	11.89	10.91	9.89	45.31
Tangible Book Value	4,348	3,853	3,566	3,393	1,560
Tangible Book Value Per Share	12.13	10.78	10.08	9.60	45.09
Land	290.04	289.36	274.27	46.07	46.07
Buildings	741.59	731.44	655.3	392.84	273.78
Machinery	7,074	6,234	4,762	3,764	1,704
Construction In Progress	666.5	381	596.05	678.72	194.43
Leasehold Improvements	235.72	212.2	56.25	60.31	53.8

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2025

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:

Sep 22, 2026

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