Hero Motors Limited (NSE:HEROMOTORS)
India · Delayed Price · Currency is INR 98.40
+14.40 (17.14%)
At close: Sep 23, 2026
Hero Motors Cash Flow Statement
Financials in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Operating Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Net Income | 435.74 | 252.02 | 134.18 | 480.45 | 977.2 |
Depreciation & Amortization | 408.25 | 367.55 | 277.38 | 170.62 | 157.36 |
Other Amortization | 51.15 | 11.9 | 8.13 | 5.01 | 1.66 |
Loss (Gain) From Sale of Assets | -1.61 | -1.15 | -1.08 | 1.79 | -657.26 |
Asset Writedown & Restructuring Costs | -8.04 | - | -10.51 | - | - |
Loss (Gain) on Equity Investments | - | - | - | -69.4 | - |
Stock-Based Compensation | 105.03 | 148.17 | 394.62 | 133.5 | - |
Provision & Write-off of Bad Debts | 0.43 | - | - | - | - |
Other Operating Activities | 248.33 | 309.52 | 187.72 | 97.6 | 285.8 |
Change in Accounts Receivable | -454.45 | -60.53 | 513.16 | -230.92 | -380.09 |
Change in Inventory | -172.59 | -113.57 | 158.95 | -171.66 | -364.74 |
Change in Accounts Payable | 29.4 | 28.53 | -92.62 | 101.2 | 679.28 |
Change in Other Net Operating Assets | 798.08 | -470.52 | -284.96 | 5.5 | -88.51 |
Operating Cash Flow | 1,440 | 471.9 | 1,285 | 523.69 | 610.71 |
Operating Cash Flow Growth | 205.09% | -63.28% | 145.37% | -14.25% | - |
Investing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Capital Expenditures | -922.48 | -1,524 | -1,328 | -1,319 | -412.01 |
Sale of Property, Plant & Equipment | 2.67 | 2.83 | 2.51 | 12.76 | 936.82 |
Investment in Securities | 183.1 | 112.58 | 486.71 | -762.48 | -244.65 |
Other Investing Activities | 45.51 | 73.47 | 85.68 | 63.2 | 12.42 |
Investing Cash Flow | -693.16 | -1,341 | -768.98 | -2,030 | 292.1 |
Financing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Short-Term Debt Issued | - | 548.04 | 82.32 | - | 285.24 |
Long-Term Debt Issued | 356.27 | 862.95 | 482.5 | 23.05 | - |
Total Debt Issued | 356.27 | 1,411 | 564.82 | 23.05 | 285.24 |
Short-Term Debt Repaid | -12.67 | - | - | -101.26 | - |
Long-Term Debt Repaid | -608.53 | -444.2 | -290.73 | - | -692.59 |
Lease Payments | -130.13 | -66.78 | -65.41 | - | - |
Total Debt Repaid | -621.2 | -444.2 | -290.73 | -101.26 | -692.59 |
Net Debt Issued (Repaid) | -264.93 | 966.79 | 274.1 | -78.21 | -407.35 |
Issuance of Common Stock | 9.52 | 38.06 | - | - | - |
Common Dividends Paid | - | -94.21 | -93.57 | - | - |
Other Financing Activities | -362.55 | -373.73 | -349.48 | -301.45 | -143.28 |
Financing Cash Flow | -617.96 | 536.92 | -168.95 | 1,070 | -550.63 |
Net Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Foreign Exchange Rate Adjustments | 0.86 | 3.84 | - | - | - |
Miscellaneous Cash Flow Adjustments | - | - | - | 8.06 | - |
Net Cash Flow | 129.44 | -328.13 | 347.03 | -427.97 | 352.19 |
Free Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Free Cash Flow | 517.22 | -1,052 | -43.38 | -795.09 | 198.7 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | 4.35% | -9.66% | -0.41% | -7.56% | 2.20% |
Free Cash Flow Per Share | 1.35 | -2.75 | -0.11 | -6.00 | 5.74 |
Levered Free Cash Flow | -916.46 | -1,096 | -1,054 | -1,241 | - |
Unlevered Free Cash Flow | -728.42 | -929.76 | -910.69 | -1,126 | - |
Free Cash Flow After Leases | 387.09 | -1,119 | -108.79 | -795.09 | 198.7 |
Additional Metrics
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Cash Interest Paid | 338.9 | 305.69 | 237.53 | 195.06 | 130.17 |
Cash Income Tax Paid | 139.3 | 112.37 | 93.43 | 188.55 | 224.67 |
Change in Working Capital | 200.44 | -616.1 | 294.52 | -295.88 | -154.06 |