Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:02 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500182 | NSE: HEROMOTOCO

Hero MotoCorp Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,705.33Overvalued by 27.66%vs CMP ₹5,122.00

P/E (18.5) × ROE (23.1%) × BV (₹1,050.00) × DY (3.22%)

₹3,129.98Overvalued by 38.89%vs CMP ₹5,122.00
MoS: -63.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,394.5622%Over (-14.2%)
Graham NumberEarnings₹2,535.3716%Over (-50.5%)
Earnings PowerEarnings₹1,501.2013%Over (-70.7%)
DCFCash Flow₹6,325.8411%Under (+23.5%)
Net Asset ValueAssets₹1,049.787%Over (-79.5%)
EV/EBITDAEnterprise₹3,269.639%Over (-36.2%)
Earnings YieldEarnings₹2,720.907%Over (-46.9%)
ROCE CapitalReturns₹2,149.619%Over (-58%)
Revenue MultipleRevenue₹2,045.235%Over (-60.1%)
Consensus (9 models)₹3,129.98100%Overvalued
Key Drivers: Wide model spread (₹1,050–₹6,326) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.6%

*Investments are subject to market risks

Investment Snapshot

78
Hero MotoCorp Ltd scores 78/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 30.3% ExcellentROE 23.1% ExcellentD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 2.00% (6mo) AccumulatingDII holding down 1.61% MF sellingPromoter holding at 34.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (12% → 14%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +5% YoY GrowingProfit (4Q): +28% YoY Strong
Industry Rank80/100 · Strong
P/E 18.5 vs industry 33.8 Cheaper than peersROCE 30.3% vs industry 22.0% Above peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Hero MotoCorp Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 18.5 vs Ind 33.8 | ROCE 30.3% | ROE 23.1% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.02x | IntCov 0.0x | Current 1.75x | Borrow/Reserve 0.03x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹4,376 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.67 pp | DII -0.04 pp | Prom 0.00 pp
Business Momentum
-5
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +25.6% | Q NP -22.6% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-38.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.03xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.67 ppLatest FII% minus previous FII%
DII Change-0.04 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-24,534Latest shareholder count minus previous count
Quarterly Sales Change+25.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-22.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:02 am

Market Cap 1,02,486 Cr.
Current Price 5,122
Intrinsic Value₹3,129.98
High / Low 6,390/3,323
Stock P/E18.5
Book Value 1,050
Dividend Yield3.22 %
ROCE30.3 %
ROE23.1 %
Face Value 2.00
PEG Ratio0.99

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hero MotoCorp Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hero MotoCorp Ltd 1,02,486 Cr. 5,122 6,390/3,32318.5 1,0503.22 %30.3 %23.1 % 2.00
TVS Motor Company Ltd 1,62,659 Cr. 3,426 3,970/2,22155.8 1710.35 %15.4 %28.4 % 1.00
Eicher Motors Ltd 1,87,233 Cr. 6,826 8,233/5,00034.7 8051.03 %29.8 %24.1 % 1.00
Atul Auto Ltd 1,146 Cr. 413 554/38032.2 1630.00 %6.48 %4.99 % 5.00
Bajaj Auto Ltd 2,48,627 Cr. 8,896 10,187/7,08827.8 1,2232.36 %28.1 %22.8 % 10.0
Industry Average140,430.20 Cr4,936.6033.80682.401.39%22.02%20.68%3.80

All Competitor Stocks of Hero MotoCorp Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 9,1588,1188,4348,8519,5339,7889,61710,21110,48310,2609,9709,72812,218
Expenses 8,0967,1777,3457,7348,1748,4038,2988,8049,0338,8448,5298,31510,452
Operating Profit 1,0629421,0891,1171,3601,3851,3191,4071,4501,4161,4411,4131,766
OPM % 12%12%13%13%14%14%14%14%14%14%14%15%14%
Other Income 9426523866213288177225239306345939240
Interest 4824192125238191817172119
Depreciation 173172180180187194197205206209204206210
Profit before tax 9361,0111,1289821,3601,4561,2921,4081,4641,4971,5652,1261,777
Tax % 27%29%28%29%26%25%27%27%27%26%25%20%26%
Net Profit 6827218117011,0071,0919431,0321,0661,1081,1691,7061,321
EPS in Rs 34.4536.3340.2935.5350.3554.7046.7752.3153.1955.3858.0685.2665.42

Last Updated: January 1, 2026, 11:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 25,27527,53828,45728,61032,45833,97129,25430,95929,55134,15837,78940,92344,403
Expenses 21,72224,01824,03324,02527,12428,94625,18426,90226,29530,06032,55435,13538,031
Operating Profit 3,5533,5204,4244,5855,3345,0254,0704,0583,2564,0995,2355,7896,371
OPM % 14%13%16%16%16%15%14%13%11%12%14%14%14%
Other Income 4303254218305647411,4345535455676891,0401,704
Interest 121215273137474653105767176
Depreciation 1,107540443502575624846715690697757825839
Profit before tax 2,8643,2924,3874,8855,2925,1044,6113,8493,0583,8645,0905,9347,160
Tax % 26%29%29%27%30%32%21%24%24%28%26%26%
Net Profit 2,1022,3643,1123,5463,7223,4663,6592,9362,3292,8003,7424,3765,471
EPS in Rs 105.30118.42157.34179.49186.29172.44182.14146.05115.95140.61187.31218.91272.09
Dividend Payout % 62%51%46%47%51%50%49%72%82%71%75%75%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)12.46%31.64%13.95%4.96%-6.88%5.57%-19.76%-20.67%20.22%33.64%16.94%
Change in YoY Net Profit Growth (%)0.00%19.18%-17.70%-8.98%-11.84%12.45%-25.33%-0.91%40.90%13.42%-16.70%

Hero MotoCorp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:7%
3 Years:11%
TTM:3%
Compounded Profit Growth
10 Years:7%
5 Years:7%
3 Years:24%
TTM:23%
Stock Price CAGR
10 Years:9%
5 Years:13%
3 Years:23%
1 Year:-7%
Return on Equity
10 Years:24%
5 Years:19%
3 Years:21%
Last Year:23%

Last Updated: September 5, 2025, 6:05 am

Balance Sheet

Last Updated: December 10, 2025, 2:47 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40404040404040404040404040
Reserves 5,5836,5008,79410,27611,93213,08014,36615,37615,80716,61617,65919,23220,965
Borrowings 284100232261228312453584605568606700718
Other Liabilities 4,2154,0143,8294,7365,1975,0724,8157,0966,0276,6947,8478,41810,938
Total Liabilities 10,12210,65412,89615,31217,39718,50419,67423,09622,47823,91726,15328,39032,661
Fixed Assets 2,2472,9523,7844,5994,9614,9526,4736,3806,1946,1596,2326,2836,622
CWIP 855719653581355573391495517454484487198
Investments 4,1063,1184,5016,0667,6696,1148,35910,58210,52810,89112,75114,38417,345
Other Assets 2,9143,8643,9584,0664,4116,8654,4515,6395,2406,4136,6857,2368,496
Total Assets 10,12210,65412,89615,31217,39718,50419,67423,09622,47823,91726,15328,39032,661

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,9632,1863,7224,0074,0171,0325,5184,1102,1042,6144,9234,297
Cash from Investing Activity + -1,61631-2,300-1,972-1,8581,298-2,819-2,289-222-421-1,828-1,703
Cash from Financing Activity + -1,414-2,131-1,475-2,036-2,102-2,252-2,602-1,852-1,975-2,147-2,717-2,815
Net Cash Flow -6686-53-1577897-31-9445379-221
Free Cash Flow 2,0269552,0942,7713,196574,2303,5371,5452,0524,1463,463
CFO/OP 102%90%109%113%104%62%149%125%89%85%119%101%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-281.00-97.00-228.00-257.00-223.00-307.00-449.00-580.00-602.00-564.00-601.00-695.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 131816201629192727292530
Inventory Days 131614141619243026272527
Days Payable 465051625654588876738077
Cash Conversion Cycle -19-16-20-29-24-5-15-32-23-17-30-20
Working Capital Days -33-15-12-17-156-10-21-14-7-17-11
ROCE %50%54%48%45%39%27%24%18%23%29%30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.78%34.78%34.76%34.76%34.76%34.76%34.75%34.75%34.74%34.74%34.73%34.73%
FIIs 27.01%28.10%26.80%28.34%28.93%29.87%29.59%27.95%27.43%27.05%28.76%29.43%
DIIs 27.86%27.28%29.14%28.09%27.76%26.87%26.94%27.70%27.89%27.77%26.32%26.28%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.05%0.08%0.08%
Public 10.36%9.85%9.30%8.80%8.55%8.49%8.72%9.58%9.91%10.39%10.11%9.48%
No. of Shareholders 3,33,0543,13,1043,01,4982,80,5472,92,8283,00,1467,61,2598,74,6589,47,4078,92,6228,97,0338,72,499

Shareholding Pattern Chart

No. of Shareholders

Hero MotoCorp Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Large Cap Fund 2,828,324 2.04 1565.192,759,6752025-12-15 01:07:552.49%
Kotak Flexicap Fund 2,000,000 1.96 1106.8N/AN/AN/A
Kotak Multicap Fund 1,786,382 4.35 988.581,746,3822026-02-23 01:32:302.29%
Mirae Asset Large & Midcap Fund 1,517,623 1.99 839.851,369,8232026-01-25 02:14:3410.79%
Kotak Large & Midcap Fund 1,225,000 2.26 677.92N/AN/AN/A
Mirae Asset Midcap Fund 933,439 2.93 516.57807,4372026-01-25 01:13:5315.61%
ICICI Prudential Business Cycle Fund 729,851 2.55 403.9716,7762025-12-15 01:07:551.82%
ICICI Prudential Value Fund 639,446 0.59 353.87673,5962026-02-23 07:11:39-5.07%
Kotak Multi Asset Allocation Fund 600,000 2.74 332.04N/AN/AN/A
Tata Value Fund 522,000 3.28 288.87576,0002026-01-26 03:03:54-9.38%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 218.96187.36140.62115.96146.07
Diluted EPS (Rs.) 218.96187.04140.62115.93146.04
Cash EPS (Rs.) 268.08231.10174.84161.04185.07
Book Value[Excl.RevalReserv]/Share (Rs.) 963.60892.17839.66800.54778.76
Book Value[Incl.RevalReserv]/Share (Rs.) 963.60892.17839.66800.54778.76
Revenue From Operations / Share (Rs.) 2046.171890.381709.201479.041549.51
PBDIT / Share (Rs.) 349.50310.36233.31200.19233.10
PBIT / Share (Rs.) 308.27272.48198.42165.68197.31
PBT / Share (Rs.) 304.73260.65193.17163.02194.99
Net Profit / Share (Rs.) 226.85193.22139.94126.53149.28
NP After MI And SOA / Share (Rs.) 218.92187.34140.60115.96146.03
PBDIT Margin (%) 17.0816.4113.6513.5315.04
PBIT Margin (%) 15.0614.4111.6011.2012.73
PBT Margin (%) 14.8913.7811.3011.0212.58
Net Profit Margin (%) 11.0810.228.188.559.63
NP After MI And SOA Margin (%) 10.699.908.227.849.42
Return on Networth / Equity (%) 22.7121.1516.8714.6218.92
Return on Capital Employeed (%) 29.4728.5122.1419.5123.76
Return On Assets (%) 15.4214.3111.7410.3012.63
Total Debt / Equity (X) 0.020.020.010.020.02
Asset Turnover Ratio (%) 1.501.511.481.311.47
Current Ratio (X) 1.801.461.571.921.75
Quick Ratio (X) 1.531.211.281.651.47
Inventory Turnover Ratio (X) 21.7114.1416.5314.2215.90
Dividend Payout Ratio (NP) (%) 63.9472.0671.1181.9265.04
Dividend Payout Ratio (CP) (%) 53.8159.9456.9763.1352.23
Earning Retention Ratio (%) 36.0627.9428.8918.0834.96
Cash Earning Retention Ratio (%) 46.1940.0643.0336.8747.77
Interest Coverage Ratio (X) 98.9481.2444.4675.33100.35
Interest Coverage Ratio (Post Tax) (X) 65.2253.6727.6748.6165.27
Enterprise Value (Cr.) 74456.7394099.4446923.2946091.8558321.99
EV / Net Operating Revenue (X) 1.822.491.371.561.88
EV / EBITDA (X) 10.6515.1710.0611.5212.52
MarketCap / Net Operating Revenue (X) 1.822.501.371.551.88
Retention Ratios (%) 36.0527.9328.8818.0734.95
Price / BV (X) 3.865.332.822.903.78
Price / Net Operating Revenue (X) 1.822.501.371.551.88
EarningsYield 0.050.030.050.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hero MotoCorp Ltd. is a Public Limited Listed company incorporated on 19/01/1984 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L35911DL1984PLC017354 and registration number is 017354. Currently Company is involved in the business activities of Manufacture of motorcycles, scooters, mopeds etc. and their engine. Company's Total Operating Revenue is Rs. 40756.37 Cr. and Equity Capital is Rs. 40.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto - 2 & 3 WheelersThe Grand Plaza, Plot No. 2, Nelson Mandela Road, New Delhi Delhi 110070Contact not found
Management
NamePosition Held
Dr. Pawan MunjalExecutive Chairman
Mr. Vikram S KasbekarExecutive Director
Ms. Vasudha DinodiaNon Executive Director
Mr. Suman Kant MunjalNon Executive Director
Mr. Pradeep DinodiaNon Executive Director
Ms. Tina TrikhaInd.& Non Exe.Director
Ms. Camille TangInd.& Non Exe.Director
Air M'shal (Retd.) B S DhanoaInd.& Non Exe.Director
Mr. Rajnish KumarInd.& Non Exe.Director
Prof. Jagmohan Singh RajuInd.& Non Exe.Director

FAQ

What is the intrinsic value of Hero MotoCorp Ltd and is it undervalued?

As of 07 April 2026, Hero MotoCorp Ltd's intrinsic value is ₹3129.98, which is 38.89% lower than the current market price of ₹5,122.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (23.1 %), book value (₹1,050), dividend yield (3.22 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hero MotoCorp Ltd?

Hero MotoCorp Ltd is trading at ₹5,122.00 as of 07 April 2026, with a FY2026-2027 high of ₹6,390 and low of ₹3,323. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,02,486 Cr..

How does Hero MotoCorp Ltd's P/E ratio compare to its industry?

Hero MotoCorp Ltd has a P/E ratio of 18.5, which is below the industry average of 33.80. This is broadly in line with or below the industry average.

Is Hero MotoCorp Ltd financially healthy?

Key indicators for Hero MotoCorp Ltd: ROCE of 30.3 % indicates efficient capital utilization; ROE of 23.1 % shows strong shareholder returns. Dividend yield is 3.22 %.

Is Hero MotoCorp Ltd profitable and how is the profit trend?

Hero MotoCorp Ltd reported a net profit of ₹4,376 Cr in Mar 2025 on revenue of ₹40,923 Cr. Compared to ₹2,329 Cr in Mar 2022, the net profit shows an improving trend.

Does Hero MotoCorp Ltd pay dividends?

Hero MotoCorp Ltd has a dividend yield of 3.22 % at the current price of ₹5,122.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hero MotoCorp Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports