H

Hero MotoCorp Limited

HEROMOTOCONSE
Market snapshot · 2026-08-10 20:50 UTC

5,860.00

+₹135.00 (+2.36%)

MARKET CAP

₹1.17L Cr

STOCK P/E

21.5x

52W HIGH

₹6,388.50

52W LOW

₹4,539.00

BOOK VALUE

₹1,080.08

EPS

₹271.94

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

3.57

VOLUME

9.90L

P/B RATIO

5.43x

PEG RATIO

-1.22

Sector

Consumer Discretionary

Themes

Two WheelersEvLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹6,138.79₹5,741.88₹5,344.97₹4,948.05₹4,551.14VolumeEEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Hero MotoCorp is a two-wheeler manufacturer selling motorcycles, scooters, electric scooters, spare parts, and related services. Motorcycles and scooters drive core revenue, while electric models, engines, accessories, financing, merchandise, and international sales broaden monetization. Q1 FY27 revenue rose 36%, with market-share gains across internal-combustion, electric, and global segments supporting operating scale. Cost pressure remains the key near-term margin variable. Profit grew 31.1% against 15.6% revenue growth, but declining margins indicate weaker earnings quality despite recent operating momentum. Return on equity is unavailable, while debt/equity of 3.57 means leverage can materially amplify reported ROE when profitability improves. At 21.1 times earnings, the stock appears fairly valued rather than discounted, relative to its growth. Investors must assess whether market-share gains and international expansion can offset cost inflation and leverage-related financial risk.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HEROMOTOCO.

35.00 analysts

Price Forecast

Current
₹5,860
High Target
₹7,760
▲ +32.4%
Median Target
₹6,000
▲ +2.4%
Low Target
₹4,700
▼ -19.8%
Now₹5,860High ₹7,760Median ₹6,000Low ₹4,700Aug '25Now12M Target
Price history (1Y)
Analyst target range
35 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹5,020 - ₹7,06480%
6M₹4,753 - ₹7,70680%
12M₹4,442 - ₹8,79680%
Realized vol: +26.7% · Drift: +10.0%

Revenue Forecast

₹ Cr
Jun '26Current₹12,999.0
Sep 2026 ETrend estimate range
High₹16,815.0Base₹15,569.4Low₹14,323.9
Sep '25: ₹12,126.0 · Dec '25: ₹12,328.0 · Mar '26: ₹12,797.0 · Jun '26: ₹12,999.0 · Sep '26: ₹15,569.4 · Dec '26: ₹15,828.8
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E12,126.012,328.012,797.012,999.015,569.415,828.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹72.69
Sep 2026 ETrend estimate range
High₹96.38Base₹86.05Low₹75.73
Sep '25: ₹69.62 · Dec '25: ₹67.40 · Mar '26: ₹70.03 · Jun '26: ₹72.69 · Sep '26: ₹86.05 · Dec '26: ₹83.31
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E69.6267.4070.0372.6986.0583.31
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
51%
Analyst Consensus
Weakening

From 35 analysts

Mean upside+3.0%

Fundamentals

Strong

Fundamentals institutional score is 96 using growth durability 95.8.

Valuation

Premium valuation

Valuation institutional score is 12 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 43 using mean target upside 3.0%; dispersion penalty 20.3; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 27 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 12 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. fundamentals and market sentiment provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus WeakeningTechnical Structure Weak StructureMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price6,033.3 target
Mean Upside+3.0%
Technical Score27%
Fundamental Score96%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 28.5% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.5). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹325.23. Applying the stock's normalized valuation corridor produces a fair range of ₹4,709.33 to ₹6,133.84, with base value near ₹5,327.27 (-9.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹325.23

Forward P/E

18.0x

Base Fair Value

₹5,327.27

Fair Range

₹4,709.33 - ₹6,133.84

Upside To Base

-9.1%

Estimate Source

Live forward EPS

Growth Estimate

-17.2%

P/E
Strongly Overvalued

5Y Average

13.46

Current

21.05

Overvalued

18.86

Undervalued

14.48

EV/EBITDA
Strongly Overvalued

5Y Average

9.21

Current

14.75

Overvalued

12.22

Undervalued

6.00

P/S
Strongly Overvalued

5Y Average

1.44

Current

2.31

Overvalued

1.66

Undervalued

1.23

Peers & Comparison

Sector: Consumer Discretionary · Theme: Two Wheelers

Two Wheelers Peers8 peers
Avg P/E: 36.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
BAJAJ AUTO LIMITED
BAJAJ-AUTOTwo Wheelers
+64.0%16.3%
27.7x
Undervalued
-25% vs avg
+40.9%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
29.2x
Undervalued
-21% vs avg
-3.9%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.3x
Undervalued
-61% vs avg
+57.5%
+10.5%2.8%
46.2x
Premium
+25% vs avg
+20.4%
HCL TECHNOLOGIES LTD
HCLTECHIT Services & Consulting
+3.0%13.0%
21.1x
Undervalued
-43% vs avg
-8.8%
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.0x
Fair
+3% vs avg
+41.4%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
52.3x
Premium
+42% vs avg
+44.3%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
66.0x
Premium
+79% vs avg
+23.2%
WHY THESE PEERS

HERO MOTOCORP LIMITED trades at a discount (21.5x vs peer avg 36.9x), suggesting potential undervaluation relative to the Two Wheelers cohort. Peers include BAJAJ AUTO LIMITED, DR. REDDY S LABORATORIES, HINDALCO INDUSTRIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹13.00K CrJun 2026

Latest net profit

₹1.45K CrJun 2026

Latest EPS

₹72.69Jun 2026

Net margin

13.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr3.50K Cr7.00K Cr10.50K Cr14.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr3.50K Cr7.00K Cr10.50K Cr14.00K Cr₹0₹20₹40₹60₹80
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr3.50K Cr7.00K Cr10.50K Cr14.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr8.50K Cr17.00K Cr25.50K Cr34.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +8,7679,4459,7249,51910,14410,46310,2119,9399,57912,12612,32812,79712,999
Expenses +7,5618,1178,3628,1608,6848,9478,7348,5238,19710,30310,51810,94111,272
Operating Profit1,2061,3281,3621,3591,4601,5161,4761,4161,3821,8231,8101,8561,727
OPM %14%14%14%14%14%14%14%14%14%15%15%14%13%
Other Income +62248242180232283318224304233177209441
Interest5555555566666
Depreciation169175183185193194197192193197204204205
Profit before tax1,0951,3971,4171,3501,4931,6001,5921,4421,4871,8541,7771,8551,956
Tax %25%25%24%25%25%25%24%25%24%25%24%24%26%
Net Profit +8251,0541,0731,0161,1231,2041,2031,0811,1261,3931,3491,4011,454
EPS in Rs41.2752.7353.7050.8256.1560.1860.1454.0456.2869.6267.4070.0372.69
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +34.74%34.73%34.73%34.73%34.73%
FIIs +27.05%28.76%29.43%31.15%31.09%
DIIs +27.77%26.32%26.28%24.69%24.26%
Government +0.05%0.08%0.08%0.08%0.09%
Public +10.39%10.11%9.48%9.34%9.82%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 07, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 07, 2026PDFCompany Reports Open