Skip to content

    Hero Motocorp

    World's largest two-wheeler maker by volume; sells Hero motorcycles/scooters and VIDA EVs in 48 countries.

    Automobile and Auto Components
    Consumer Discretionary
    View HEROMOTOCO earnings calls
    ₹4,974.9
    -1.67% from avg

    Overview

    Price

    ₹4,974.9

    Market Cap

    ₹1.0L Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    3

    Performance

    Explore HEROMOTOCO

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital4040404040404040
    Reserves14.1k15.2k15.7k16.7k17.9k19.8k21.0k21.5k
    Borrowings150150168156138163718190
    Other Liabilities4.5k6.8k5.8k6.4k7.4k8.0k10.9k10.5k
    Total Liabilities18.7k22.2k21.7k23.3k25.6k27.9k32.7k32.2k
    AssetsFixed Assets6.1k6.0k5.8k5.8k5.8k5.9k6.6k6.0k
    CWIP341437458464481492198744
    Investments8.2k10.5k10.7k11.0k13.1k14.9k17.3k19.4k
    Other Assets4.1k5.2k4.8k6.0k6.2k6.6k8.5k6.1k
    Total Assets18.7k22.2k21.7k23.3k25.6k27.9k32.7k32.2k

    Valuation

    Assumptions

    Current — HEROMOTOCO
    Price
    ₹4,975
    EPS (TTM)
    ₹263.33
    PE (TTM)
    18.9
    Profit growth
    22.8%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (19.2×) and current (18.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹4,975
    vs
    Fair value · 15% return
    ₹6,369
    28%Undervalued

    At 22.8% growth and a 19× exit, ₹4975 only delivers your return if you pay ₹6,369. The price is currently baking in 17% growth.

    EPS grows 22.8%/yr for 5 years, then fades to 6% over 2, exits at 19×.

    YearGrowthEPS (₹)
    FY2722.8%323.37
    FY2822.8%397.10
    FY2922.8%487.64
    FY3022.8%598.82
    FY3122.8%735.35
    FY3214.4% ·fade841.24
    FY336.0% ·fade891.71

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Hero Motocorp

    Guides on how to read this kind of business and the numbers that matter.