Financials of Hero MotoCorp Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Hero MotoCorp Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +8,4348,8519,5339,7889,61710,21110,48310,2609,9709,72812,21812,48712,978
Expenses +7,3457,7348,1748,4038,2988,8049,0338,8448,5298,31510,45210,73511,109
Operating Profit1,0891,1171,3601,3851,3191,4071,4501,4161,4411,4131,7661,7521,870
OPM %13%13%14%14%14%14%14%14%14%15%14%14%14%
Other Income +23866213288177225239306345939240179210
Interest1921252381918171721192019
Depreciation180180187194197205206209204206210219220
Profit before tax1,1289821,3601,4561,2921,4081,4641,4971,5652,1261,7771,6921,841
Tax %28%29%26%25%27%27%27%26%25%20%26%25%20%
Net Profit +8117011,0071,0919431,0321,0661,1081,1691,7061,3211,2751,474
EPS in Rs40.2935.5350.3554.7046.7752.3153.1955.3858.0685.2665.4263.3572.97

Financials of Hero MotoCorp Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +27,53828,45728,61032,45833,97129,25430,95929,55134,15837,78940,92347,411
Expenses +24,01824,03324,02527,12428,94625,18426,90226,29530,06032,55435,13540,366
Operating Profit3,5204,4244,5855,3345,0254,0704,0583,2564,0995,2355,7897,045
OPM %13%16%16%16%15%14%13%11%12%14%14%15%
Other Income +3254218305647411,4345535455676891,0401,324
Interest1215273137474653105767178
Depreciation540443502575624846715690697757825855
Profit before tax3,2924,3874,8855,2925,1044,6113,8493,0583,8645,0905,9347,436
Tax %29%29%27%30%32%21%24%24%28%26%26%22%
Net Profit +2,3643,1123,5463,7223,4663,6592,9362,3292,8003,7424,3765,776
EPS in Rs118.42157.34179.49186.29172.44182.14146.05115.95140.61187.31218.91286.96
Dividend Payout %51%46%47%51%50%49%72%82%71%75%75%64%

Financials of Hero MotoCorp Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital404040404040404040404040
Reserves6,5008,79410,27611,93213,08014,36615,37615,80716,61617,65919,23221,571
Borrowings +100232261228312453584605568606700779
Other Liabilities +4,0143,8294,7365,1975,0724,8157,0966,0276,6947,8478,41811,063
Total Liabilities10,65412,89615,31217,39718,50419,67423,09622,47823,91726,15328,39033,453
Fixed Assets +2,9523,7844,5994,9614,9526,4736,3806,1946,1596,2326,2836,894
CWIP719653581355573391495517454484487245
Investments3,1184,5016,0667,6696,1148,35910,58210,52810,89112,75114,38419,286
Other Assets +3,8643,9584,0664,4116,8654,4515,6395,2406,4136,6857,2367,028
Total Assets10,65412,89615,31217,39718,50419,67423,09622,47823,91726,15328,39033,453

Financials of Hero MotoCorp Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2,1863,7224,0074,0171,0325,5184,1102,1042,6144,9234,2978,315
Cash from Investing Activity +31-2,300-1,972-1,8581,298-2,819-2,289-222-421-1,828-1,703-4,478
Cash from Financing Activity +-2,131-1,475-2,036-2,102-2,252-2,602-1,852-1,975-2,147-2,717-2,815-3,534
Net Cash Flow86-53-1577897-31-9445379-221303
Free Cash Flow9552,0942,7713,196574,2303,5371,5452,0524,1463,4637,227
CFO/OP90%109%113%104%62%149%125%89%85%119%101%135%

Financials of Hero MotoCorp Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days181620162919272729253018
Inventory Days161414161924302627252731
Days Payable505162565458887673807788
Cash Conversion Cycle-16-20-29-24-5-15-32-23-17-30-20-40
Working Capital Days-15-12-17-156-10-21-14-7-17-1163
ROCE %50%54%48%45%39%27%24%18%23%29%30%36%