H

Hero MotoCorp Ltd
NSE:HEROMOTOCO

Watchlist Manager
Hero MotoCorp Ltd
NSE:HEROMOTOCO
Watchlist
Price: 6 167 INR -2.89% Market Closed
Market Cap: 1.2T INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+27%
5Y
+63%
10Y
-
Operating Income
+
3Y
+70%
5Y
+124%
10Y
-
Net Income
+
3Y
+104%
5Y
+109%
10Y
-

Earnings Waterfall
Hero MotoCorp Ltd

Revenue
421.8B INR
Cost of Revenue
-276.4B INR
Gross Profit
145.3B INR
Operating Expenses
-91.4B INR
Operating Income
54B INR
Other Expenses
-1.1B INR
Net Income
52.8B INR

Income Statement
Hero MotoCorp Ltd

Rotate your device to view
Income Statement
Currency: INR
Sep-2002 Dec-2002 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
250
0
0
0
144
0
0
0
226
0
0
0
251
0
0
0
827
0
0
0
551
0
0
0
480
0
0
Revenue
25 486
N/A
39 464
+55%
40 158
+2%
40 449
+1%
42 730
+6%
59 975
+40%
63 828
+6%
68 937
+8%
73 110
+6%
75 586
+3%
78 251
+4%
82 363
+5%
85 439
+4%
88 703
+4%
92 758
+5%
93 558
+1%
97 046
+4%
100 898
+4%
101 600
+1%
102 620
+1%
103 576
+1%
103 631
+0%
108 814
+5%
116 921
+7%
117 782
+1%
123 821
+5%
133 814
+8%
142 489
+6%
152 070
+7%
158 561
+4%
162 982
+3%
167 806
+3%
180 996
+8%
193 979
+7%
207 830
+7%
220 572
+6%
229 350
+4%
235 790
+3%
241 446
+2%
235 059
-3%
236 573
+1%
237 681
+0%
236 804
0%
242 191
+2%
249 083
+3%
252 755
+1%
89 133
-65%
180 815
+103%
260 188
+44%
339 722
+31%
332 449
-2%
317 373
-5%
308 749
-3%
292 553
-5%
240 385
-18%
258 511
+8%
286 033
+11%
309 592
+8%
334 928
+8%
325 585
-3%
307 445
-6%
295 513
-4%
324 961
+10%
331 154
+2%
332 206
+0%
341 584
+3%
345 618
+1%
349 367
+1%
366 062
+5%
377 886
+3%
391 484
+4%
400 983
+2%
405 703
+1%
409 234
+1%
404 404
-1%
421 758
+4%
Gross Profit
Cost of Revenue
(17 083)
(26 438)
(26 740)
(26 877)
(28 614)
(48 523)
(44 923)
(48 496)
(51 617)
(62 530)
(40 329)
(43 326)
(45 128)
(73 495)
(63 626)
(64 568)
(68 023)
(87 269)
(72 618)
(73 620)
(73 599)
(75 228)
(77 835)
(84 005)
(84 774)
(88 138)
(94 318)
(98 771)
(104 699)
(108 169)
(118 764)
(124 228)
(136 231)
(141 989)
(152 966)
(162 103)
(167 902)
(173 839)
(176 394)
(171 859)
(173 765)
(175 035)
(172 507)
(175 760)
(179 895)
(185 149)
(62 065)
(125 502)
(179 988)
(236 134)
(229 253)
(217 267)
(209 608)
(199 729)
(162 080)
(177 816)
(199 884)
(218 787)
(236 460)
(230 680)
(218 371)
(210 325)
(230 614)
(234 527)
(233 957)
(240 606)
(239 673)
(239 338)
(248 864)
(256 616)
(262 514)
(266 792)
(267 975)
(270 384)
(264 885)
(276 433)
Gross Profit
8 403
N/A
13 026
+55%
13 418
+3%
13 573
+1%
14 117
+4%
11 451
-19%
18 906
+65%
20 442
+8%
21 494
+5%
13 055
-39%
18 162
+39%
19 275
+6%
20 549
+7%
15 207
-26%
29 130
+92%
28 990
0%
29 024
+0%
13 629
-53%
28 984
+113%
29 001
+0%
29 976
+3%
28 402
-5%
30 979
+9%
32 916
+6%
33 009
+0%
35 683
+8%
39 496
+11%
43 718
+11%
47 371
+8%
50 391
+6%
44 220
-12%
43 579
-1%
44 767
+3%
51 991
+16%
54 866
+6%
58 471
+7%
61 449
+5%
61 952
+1%
65 052
+5%
63 201
-3%
62 809
-1%
62 646
0%
64 296
+3%
66 430
+3%
69 186
+4%
67 606
-2%
27 068
-60%
55 313
+104%
80 200
+45%
103 588
+29%
103 196
0%
100 106
-3%
99 140
-1%
92 824
-6%
78 304
-16%
80 694
+3%
86 148
+7%
90 805
+5%
98 468
+8%
94 904
-4%
89 073
-6%
85 188
-4%
94 346
+11%
96 627
+2%
98 251
+2%
100 977
+3%
105 946
+5%
110 029
+4%
117 198
+7%
121 270
+3%
128 971
+6%
134 191
+4%
137 728
+3%
138 851
+1%
139 518
+0%
145 325
+4%
Operating Income
Operating Expenses
(4 131)
(6 400)
(6 588)
(6 563)
(6 514)
(741)
(7 659)
(8 555)
(9 249)
(894)
(25 661)
(26 219)
(26 982)
(1 147)
(14 650)
(14 932)
(15 802)
(1 398)
(17 493)
(17 673)
(17 690)
(16 156)
(16 819)
(17 796)
(18 131)
(19 823)
(20 381)
(21 548)
(22 757)
(24 620)
(19 291)
(20 117)
(23 079)
(29 759)
(33 221)
(35 912)
(36 760)
(36 566)
(39 388)
(39 625)
(40 775)
(41 117)
(42 795)
(43 768)
(45 232)
(43 143)
(14 579)
(30 440)
(45 816)
(59 532)
(62 443)
(62 392)
(62 471)
(60 367)
(56 676)
(56 562)
(57 803)
(56 914)
(60 540)
(59 103)
(57 865)
(57 407)
(62 577)
(64 843)
(66 855)
(66 492)
(69 349)
(70 843)
(73 800)
(75 414)
(80 808)
(84 453)
(86 912)
(87 219)
(88 791)
(91 360)
Selling, General & Administrative
(993)
(1 514)
(1 554)
(1 598)
(1 684)
0
(2 432)
(2 517)
(2 589)
0
(2 021)
(2 203)
(2 384)
0
(3 363)
(3 397)
(3 454)
0
(3 636)
(3 658)
(3 751)
(6 052)
(3 907)
(4 140)
(4 285)
(10 880)
(4 833)
(5 117)
(5 333)
(13 789)
(5 668)
(5 779)
(5 969)
(15 644)
(6 384)
(6 680)
(7 112)
(18 118)
(7 756)
(7 884)
(7 873)
(20 721)
(8 378)
(8 746)
(9 203)
(26 202)
(4 241)
(8 703)
(13 176)
(43 131)
(18 367)
(18 683)
(19 021)
(40 853)
(17 994)
(18 456)
(18 961)
(39 620)
(20 062)
(20 013)
(20 018)
(41 448)
(21 011)
(21 453)
(21 738)
(46 027)
(22 931)
(23 233)
(23 811)
(50 228)
(25 033)
(25 827)
(26 475)
(55 829)
(27 012)
(27 538)
Depreciation & Amortization
(273)
(457)
(501)
(534)
(544)
(733)
(759)
(796)
(819)
(894)
(939)
(998)
(1 105)
(1 146)
(1 219)
(1 296)
(1 348)
(1 398)
(1 451)
(1 491)
(1 523)
(1 603)
(1 649)
(1 731)
(1 798)
(1 807)
(1 841)
(1 878)
(1 872)
(1 915)
(1 942)
(2 047)
(2 138)
(4 024)
(5 940)
(8 117)
(10 544)
(10 973)
(11 611)
(11 721)
(11 566)
(11 418)
(11 126)
(11 100)
(11 000)
(11 074)
(1 535)
(3 108)
(4 690)
(6 244)
(7 134)
(7 658)
(8 186)
(8 458)
(7 818)
(7 556)
(7 242)
(7 151)
(7 095)
(6 999)
(6 947)
(6 895)
(6 895)
(6 884)
(6 860)
(6 974)
(7 043)
(7 186)
(7 405)
(7 574)
(7 831)
(8 021)
(8 171)
(8 246)
(8 248)
(8 289)
Other Operating Expenses
(2 865)
(4 429)
(4 533)
(4 431)
(4 287)
(7)
(4 469)
(5 243)
(5 841)
0
(22 701)
(23 017)
(23 491)
0
(10 066)
(10 238)
(11 000)
0
(12 406)
(12 524)
(12 416)
(8 500)
(11 263)
(11 925)
(12 048)
(7 136)
(13 708)
(14 553)
(15 552)
(8 915)
(11 681)
(12 292)
(14 972)
(10 091)
(20 897)
(21 115)
(19 104)
(7 475)
(20 021)
(20 020)
(21 335)
(8 978)
(23 290)
(23 921)
(25 028)
(5 867)
(8 803)
(18 629)
(27 949)
(10 156)
(36 943)
(36 051)
(35 265)
(11 056)
(30 864)
(30 551)
(31 601)
(10 143)
(33 385)
(32 093)
(30 901)
(9 064)
(34 671)
(36 505)
(38 257)
(13 491)
(39 375)
(40 425)
(42 585)
(17 612)
(47 945)
(50 605)
(52 266)
(23 144)
(53 532)
(55 533)
Operating Income
4 272
N/A
6 627
+55%
6 832
+3%
7 011
+3%
7 603
+8%
10 711
+41%
11 247
+5%
11 887
+6%
12 245
+3%
12 162
-1%
12 261
+1%
12 818
+5%
13 330
+4%
14 061
+5%
14 483
+3%
14 060
-3%
13 222
-6%
12 231
-7%
11 490
-6%
11 327
-1%
12 287
+8%
12 247
0%
14 161
+16%
15 121
+7%
14 877
-2%
15 860
+7%
19 113
+21%
22 168
+16%
24 613
+11%
25 772
+5%
24 928
-3%
23 462
-6%
21 687
-8%
22 232
+3%
21 644
-3%
22 558
+4%
24 690
+9%
25 386
+3%
25 665
+1%
23 576
-8%
22 033
-7%
21 529
-2%
21 502
0%
22 663
+5%
23 956
+6%
24 463
+2%
12 489
-49%
24 874
+99%
34 386
+38%
44 056
+28%
40 754
-7%
37 715
-7%
36 670
-3%
32 457
-11%
21 630
-33%
24 133
+12%
28 345
+17%
33 891
+20%
37 927
+12%
35 800
-6%
31 208
-13%
27 781
-11%
31 769
+14%
31 784
+0%
31 395
-1%
34 486
+10%
36 597
+6%
39 186
+7%
43 398
+11%
45 856
+6%
48 162
+5%
49 738
+3%
50 816
+2%
51 632
+2%
50 727
-2%
53 965
+6%
Pre-Tax Income
Interest Income Expense
13
12
6
10
13
14
15
8
8
11
12
17
26
61
91
148
192
230
287
323
355
1 899
319
301
301
1 989
321
299
258
2 605
179
139
33
2 734
(303)
(353)
(322)
3 373
(116)
(117)
(118)
3 822
(121)
(121)
(121)
4 434
(29)
13
89
7 166
238
198
255
7 285
(201)
(180)
(1 409)
4 878
(2 312)
(3 104)
(1 937)
3 177
(1 381)
(1 330)
(813)
4 365
(1 823)
(1 310)
(1 682)
6 852
(1 541)
(2 383)
(3 681)
7 949
4 500
4 373
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(798)
0
0
0
0
0
0
0
0
0
0
0
(5)
0
0
0
0
7 375
6 774
6 774
6 774
0
0
0
0
0
0
0
0
0
0
0
0
(1 600)
(1 600)
(1 600)
(1 600)
0
0
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(43)
0
0
0
(34)
0
0
0
(60)
0
0
0
(120)
0
0
0
(112)
0
0
0
(59)
0
0
0
(133)
0
0
0
(58)
0
0
0
(83)
0
0
0
(38)
0
0
0
(96)
0
0
0
7
0
0
0
7
0
0
0
(19)
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
392
931
1 367
0
1 400
1 548
1 662
0
2 790
2 884
3 109
0
3 301
3 405
3 401
0
3 753
3 858
3 988
0
4 065
4 224
4 280
(118)
1 173
3 286
5 194
(122)
7 942
7 475
7 412
(322)
6 562
6 255
6 466
(238)
5 532
5 773
4 919
(281)
4 651
4 011
4 629
(222)
7 391
8 532
9 148
(213)
8 538
8 844
9 472
(227)
11 292
11 309
Pre-Tax Income
4 285
N/A
6 639
+55%
6 837
+3%
7 020
+3%
7 614
+8%
10 725
+41%
11 260
+5%
11 893
+6%
12 252
+3%
12 173
-1%
12 274
+1%
12 836
+5%
13 356
+4%
14 122
+6%
14 573
+3%
14 207
-3%
13 414
-6%
12 461
-7%
11 776
-5%
11 649
-1%
12 641
+9%
14 103
+12%
14 871
+5%
16 352
+10%
16 545
+1%
17 815
+8%
20 835
+17%
24 016
+15%
26 533
+10%
28 317
+7%
27 895
-1%
26 485
-5%
24 829
-6%
24 048
-3%
24 640
+2%
25 609
+4%
27 767
+8%
28 647
+3%
29 301
+2%
27 317
-7%
25 905
-5%
25 292
-2%
25 446
+1%
26 768
+5%
28 116
+5%
28 641
+2%
13 632
-52%
28 172
+107%
39 668
+41%
51 043
+29%
56 310
+10%
52 162
-7%
51 110
-2%
46 111
-10%
27 990
-39%
30 208
+8%
33 403
+11%
38 493
+15%
41 147
+7%
38 469
-7%
34 190
-11%
30 581
-11%
35 039
+15%
34 466
-2%
35 212
+2%
38 636
+10%
40 566
+5%
44 808
+10%
49 263
+10%
50 902
+3%
55 159
+8%
56 199
+2%
56 607
+1%
59 336
+5%
66 519
+12%
69 647
+5%
Net Income
Tax Provision
(1 495)
(2 321)
(2 333)
(2 349)
(2 445)
(3 441)
(3 656)
(3 910)
(4 106)
(4 068)
(4 026)
(4 153)
(4 244)
(4 409)
(4 526)
(4 379)
(4 113)
(3 882)
(3 677)
(3 666)
(3 999)
(4 424)
(4 362)
(4 824)
(4 762)
(4 997)
(5 744)
(6 017)
(6 181)
(5 999)
(5 662)
(5 167)
(4 579)
(4 769)
(4 699)
(4 687)
(5 005)
(4 866)
(4 943)
(4 590)
(4 429)
(4 110)
(4 933)
(5 847)
(6 828)
(7 582)
(4 385)
(9 105)
(12 873)
(16 380)
(18 327)
(15 161)
(12 786)
(9 517)
(3 385)
(4 803)
(6 758)
(9 133)
(9 801)
(9 283)
(8 252)
(7 291)
(8 457)
(8 539)
(9 115)
(10 637)
(11 417)
(12 411)
(13 168)
(13 480)
(14 421)
(14 866)
(15 102)
(15 578)
(16 027)
(16 610)
Income from Continuing Operations
2 790
4 318
4 504
4 672
5 171
7 283
7 607
7 985
8 147
8 105
8 249
8 684
9 113
9 713
10 046
9 827
9 301
8 579
8 100
7 983
8 641
9 679
10 509
11 529
11 783
12 818
15 090
17 998
20 352
22 318
22 234
21 319
20 251
19 279
19 941
20 921
22 761
23 781
24 357
22 727
21 476
21 182
20 513
20 921
21 289
21 059
9 247
19 067
26 795
34 664
37 983
37 001
38 324
36 594
24 605
25 405
26 646
29 361
31 348
29 188
25 938
23 291
26 582
25 927
26 097
27 999
29 148
32 396
36 095
37 422
40 738
41 333
41 505
43 758
50 493
53 038
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
(43)
(93)
(68)
(223)
(224)
(217)
(275)
(213)
(154)
(164)
(231)
(183)
(200)
(168)
(73)
(122)
(70)
13
66
101
149
80
54
27
68
48
16
27
(114)
(207)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(36)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
2 790
N/A
4 318
+55%
4 504
+4%
4 672
+4%
5 171
+11%
7 283
+41%
7 607
+4%
7 985
+5%
8 147
+2%
8 105
-1%
8 249
+2%
8 684
+5%
9 113
+5%
9 713
+7%
10 046
+3%
9 827
-2%
9 301
-5%
8 579
-8%
8 100
-6%
7 983
-1%
8 641
+8%
9 679
+12%
10 509
+9%
11 529
+10%
11 783
+2%
12 818
+9%
15 090
+18%
17 998
+19%
20 352
+13%
22 318
+10%
22 234
0%
21 319
-4%
20 251
-5%
19 279
-5%
19 941
+3%
20 921
+5%
22 761
+9%
23 781
+4%
24 357
+2%
22 727
-7%
21 476
-6%
21 182
-1%
20 513
-3%
20 921
+2%
21 289
+2%
21 027
-1%
9 204
-56%
18 974
+106%
26 727
+41%
34 441
+29%
37 759
+10%
36 784
-3%
38 049
+3%
36 381
-4%
24 450
-33%
25 240
+3%
26 414
+5%
29 178
+10%
31 147
+7%
29 019
-7%
25 864
-11%
23 169
-10%
26 511
+14%
25 938
-2%
26 161
+1%
28 100
+7%
29 296
+4%
32 475
+11%
36 149
+11%
37 448
+4%
40 806
+9%
41 380
+1%
41 522
+0%
43 785
+5%
50 379
+15%
52 831
+5%
EPS (Diluted)
13.97
N/A
21.59
+55%
22.52
+4%
23.12
+3%
25.85
+12%
36.41
+41%
38.03
+4%
39.92
+5%
40.73
+2%
40.52
-1%
41.24
+2%
42.99
+4%
45.56
+6%
48.56
+7%
50.23
+3%
48.64
-3%
46.5
-4%
42.89
-8%
40.5
-6%
36.45
-10%
43.2
+19%
48.39
+12%
52.54
+9%
57.64
+10%
58.91
+2%
64.09
+9%
75.45
+18%
89.99
+19%
101.76
+13%
111.59
+10%
111.17
0%
106.59
-4%
100.25
-6%
96.39
-4%
99.7
+3%
104.6
+5%
112.67
+8%
118.9
+6%
121.78
+2%
113.63
-7%
107.38
-6%
105.91
-1%
102.56
-3%
104.6
+2%
106.44
+2%
105.13
-1%
46.25
-56%
95.34
+106%
133.63
+40%
172.2
+29%
189.74
+10%
184.84
-3%
190.24
+3%
181.9
-4%
122.25
-33%
126.2
+3%
132.07
+5%
145.88
+10%
155.73
+7%
145.09
-7%
129.32
-11%
115.84
-10%
132.55
+14%
129.69
-2%
130.8
+1%
140.49
+7%
146.45
+4%
162.16
+11%
180.48
+11%
187.03
+4%
203.7
+9%
206.49
+1%
207.35
+0%
218.69
+5%
251.61
+15%
263.73
+5%

See Also

Summary
HEROMOTOCO intrinsic value, competitors valuation, and company profile.
DCF Valuation
HEROMOTOCO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HEROMOTOCO stock valuation using valuation multiples.
Wall Street Estimates
HEROMOTOCO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HEROMOTOCO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 301,600+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.