| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,533 | 9,788 | 9,617 | 10,211 | 10,483 | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 | |
Growth YoY Revenue Growth YoY% | 4.1 | 20.6 | 14.0 | 15.4 | 10.0 | 4.8 | 3.7 | -4.7 | 16.6 | 21.7 | 30.2 | 34.9 |
| 8,174 | 8,403 | 8,223 | 8,750 | 8,947 | 8,752 | 8,529 | 8,315 | 10,354 | 10,641 | 11,056 | 11,380 | |
| 1,360 | 1,385 | 1,394 | 1,461 | 1,536 | 1,508 | 1,441 | 1,413 | 1,864 | 1,846 | 1,922 | 1,746 | |
OPM OPM% | 14.3 | 14.2 | 14.5 | 14.3 | 14.7 | 14.7 | 14.4 | 14.5 | 15.3 | 14.8 | 14.8 | 13.3 |
| 213 | 288 | 103 | 171 | 152 | 215 | 345 | 939 | 142 | 84 | 158 | 416 | |
Interest Expense Interest ExpenseCr | 25 | 23 | 8 | 19 | 18 | 17 | 17 | 21 | 19 | 20 | 19 | 21 |
Depreciation DepreciationCr | 187 | 194 | 197 | 205 | 206 | 209 | 204 | 206 | 210 | 219 | 221 | 220 |
PBT PBTCr | 1,360 | 1,456 | 1,292 | 1,408 | 1,464 | 1,497 | 1,565 | 2,126 | 1,777 | 1,692 | 1,841 | 1,921 |
| 353 | 365 | 349 | 375 | 398 | 389 | 396 | 420 | 456 | 417 | 367 | 503 | |
| 1,007 | 1,091 | 943 | 1,032 | 1,066 | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 | |
Growth YoY PAT Growth YoY% | 47.6 | 51.3 | 16.4 | 47.3 | 5.9 | 1.6 | 23.9 | 65.2 | 23.9 | 15.1 | 26.1 | -16.9 |
NPM NPM% | 10.6 | 11.2 | 9.8 | 10.1 | 10.2 | 10.8 | 11.7 | 17.5 | 10.8 | 10.2 | 11.4 | 10.8 |
| 50.3 | 54.7 | 46.8 | 52.3 | 53.2 | 55.4 | 58.1 | 85.3 | 65.4 | 63.4 | 73.0 | 70.6 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,533 | 9,788 | 9,617 | 10,211 | 10,483 | 10,260 | 9,970 | 9,728 | 12,218 | 12,487 | 12,978 | 13,126 | |
Growth YoY Revenue Growth YoY% | 4.1 | 20.6 | 14.0 | 15.4 | 10.0 | 4.8 | 3.7 | -4.7 | 16.6 | 21.7 | 30.2 | 34.9 |
| 8,174 | 8,403 | 8,223 | 8,750 | 8,947 | 8,752 | 8,529 | 8,315 | 10,354 | 10,641 | 11,056 | 11,380 | |
| 1,360 | 1,385 | 1,394 | 1,461 | 1,536 | 1,508 | 1,441 | 1,413 | 1,864 | 1,846 | 1,922 | 1,746 | |
OPM OPM% | 14.3 | 14.2 | 14.5 | 14.3 | 14.7 | 14.7 | 14.4 | 14.5 | 15.3 | 14.8 | 14.8 | 13.3 |
| 213 | 288 | 103 | 171 | 152 | 215 | 345 | 939 | 142 | 84 | 158 | 416 | |
Interest Expense Interest ExpenseCr | 25 | 23 | 8 | 19 | 18 | 17 | 17 | 21 | 19 | 20 | 19 | 21 |
Depreciation DepreciationCr | 187 | 194 | 197 | 205 | 206 | 209 | 204 | 206 | 210 | 219 | 221 | 220 |
PBT PBTCr | 1,360 | 1,456 | 1,292 | 1,408 | 1,464 | 1,497 | 1,565 | 2,126 | 1,777 | 1,692 | 1,841 | 1,921 |
| 353 | 365 | 349 | 375 | 398 | 389 | 396 | 420 | 456 | 417 | 367 | 503 | |
| 1,007 | 1,091 | 943 | 1,032 | 1,066 | 1,108 | 1,169 | 1,706 | 1,321 | 1,275 | 1,474 | 1,418 | |
Growth YoY PAT Growth YoY% | 47.6 | 51.3 | 16.4 | 47.3 | 5.9 | 1.6 | 23.9 | 65.2 | 23.9 | 15.1 | 26.1 | -16.9 |
NPM NPM% | 10.6 | 11.2 | 9.8 | 10.1 | 10.2 | 10.8 | 11.7 | 17.5 | 10.8 | 10.2 | 11.4 | 10.8 |
| 50.3 | 54.7 | 46.8 | 52.3 | 53.2 | 55.4 | 58.1 | 85.3 | 65.4 | 63.4 | 73.0 | 70.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 28,457 | 28,610 | 32,458 | 33,971 | 29,254 | 30,959 | 29,551 | 34,158 | 37,789 | 40,923 | 47,411 | 50,810 |
Growth Revenue Growth% | 3.3 | 0.5 | 13.4 | 4.7 | -13.9 | 5.8 | -4.5 | 15.6 | 10.6 | 8.3 | 15.8 | 25.6 |
| 24,059 | 24,034 | 27,133 | 28,952 | 25,193 | 26,860 | 26,107 | 30,065 | 32,439 | 34,978 | 40,366 | 43,432 | |
| 4,398 | 4,576 | 5,325 | 5,018 | 4,061 | 4,100 | 3,445 | 4,094 | 5,350 | 5,946 | 7,045 | 7,378 | |
OPM OPM% | 15.4 | 16.0 | 16.4 | 14.8 | 13.9 | 13.2 | 11.7 | 12.0 | 14.2 | 14.5 | 14.9 | 14.5 |
| 447 | 839 | 573 | 747 | 1,443 | 511 | 356 | 572 | 574 | 883 | 1,324 | 800 | |
Interest Expense Interest ExpenseCr | 15 | 27 | 31 | 37 | 47 | 46 | 53 | 105 | 76 | 71 | 78 | 79 |
Depreciation DepreciationCr | 443 | 502 | 575 | 624 | 846 | 715 | 690 | 697 | 757 | 825 | 855 | 869 |
PBT PBTCr | 4,387 | 4,885 | 5,292 | 5,104 | 4,611 | 3,849 | 3,058 | 3,864 | 5,090 | 5,934 | 7,436 | 7,230 |
| 1,275 | 1,339 | 1,570 | 1,638 | 952 | 913 | 729 | 1,064 | 1,348 | 1,558 | 1,660 | 1,742 | |
PAT PATCr | 3,112 | 3,546 | 3,722 | 3,466 | 3,659 | 2,936 | 2,329 | 2,800 | 3,742 | 4,376 | 5,776 | 5,488 |
Growth PAT Growth% | 32.5 | 13.9 | 5.0 | -6.9 | 5.6 | -19.8 | -20.7 | 20.2 | 33.6 | 16.9 | 32.0 | 8.7 |
NPM NPM% | 10.9 | 12.4 | 11.5 | 10.2 | 12.5 | 9.5 | 7.9 | 8.2 | 9.9 | 10.7 | 12.2 | 10.8 |
| 157.3 | 179.5 | 186.3 | 172.4 | 182.2 | 146.1 | 116.0 | 140.6 | 187.4 | 219.0 | 287.0 | 272.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 28,457 | 28,610 | 32,458 | 33,971 | 29,254 | 30,959 | 29,551 | 34,158 | 37,789 | 40,923 | 47,411 | 50,810 |
Growth Revenue Growth% | 3.3 | 0.5 | 13.4 | 4.7 | -13.9 | 5.8 | -4.5 | 15.6 | 10.6 | 8.3 | 15.8 | 25.6 |
| 24,059 | 24,034 | 27,133 | 28,952 | 25,193 | 26,860 | 26,107 | 30,065 | 32,439 | 34,978 | 40,366 | 43,432 | |
| 4,398 | 4,576 | 5,325 | 5,018 | 4,061 | 4,100 | 3,445 | 4,094 | 5,350 | 5,946 | 7,045 | 7,378 | |
OPM OPM% | 15.4 | 16.0 | 16.4 | 14.8 | 13.9 | 13.2 | 11.7 | 12.0 | 14.2 | 14.5 | 14.9 | 14.5 |
| 447 | 839 | 573 | 747 | 1,443 | 511 | 356 | 572 | 574 | 883 | 1,324 | 800 | |
Interest Expense Interest ExpenseCr | 15 | 27 | 31 | 37 | 47 | 46 | 53 | 105 | 76 | 71 | 78 | 79 |
Depreciation DepreciationCr | 443 | 502 | 575 | 624 | 846 | 715 | 690 | 697 | 757 | 825 | 855 | 869 |
PBT PBTCr | 4,387 | 4,885 | 5,292 | 5,104 | 4,611 | 3,849 | 3,058 | 3,864 | 5,090 | 5,934 | 7,436 | 7,230 |
| 1,275 | 1,339 | 1,570 | 1,638 | 952 | 913 | 729 | 1,064 | 1,348 | 1,558 | 1,660 | 1,742 | |
PAT PATCr | 3,112 | 3,546 | 3,722 | 3,466 | 3,659 | 2,936 | 2,329 | 2,800 | 3,742 | 4,376 | 5,776 | 5,488 |
Growth PAT Growth% | 32.5 | 13.9 | 5.0 | -6.9 | 5.6 | -19.8 | -20.7 | 20.2 | 33.6 | 16.9 | 32.0 | 8.7 |
NPM NPM% | 10.9 | 12.4 | 11.5 | 10.2 | 12.5 | 9.5 | 7.9 | 8.2 | 9.9 | 10.7 | 12.2 | 10.8 |
| 157.3 | 179.5 | 186.3 | 172.4 | 182.2 | 146.1 | 116.0 | 140.6 | 187.4 | 219.0 | 287.0 | 272.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Reserves ReservesCr | 8,794 | 10,276 | 11,932 | 13,080 | 14,366 | 15,376 | 15,807 | 16,616 | 17,659 | 19,232 | 21,571 |
| 3,572 | 4,177 | 4,481 | 4,409 | 4,279 | 6,505 | 5,518 | 6,013 | 7,048 | 7,476 | 9,904 | |
| 436 | 752 | 851 | 859 | 848 | 1,032 | 966 | 1,124 | 1,270 | 1,510 | 1,737 | |
| 12,896 | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 | |
| 6,303 | 7,571 | 9,002 | 8,413 | 8,649 | 11,370 | 10,572 | 9,435 | 10,315 | 13,434 | 18,905 | |
| 6,592 | 7,741 | 8,395 | 10,091 | 11,025 | 11,726 | 11,906 | 14,482 | 15,837 | 14,956 | 14,548 | |
| 12,896 | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Reserves ReservesCr | 8,794 | 10,276 | 11,932 | 13,080 | 14,366 | 15,376 | 15,807 | 16,616 | 17,659 | 19,232 | 21,571 |
| 3,572 | 4,177 | 4,481 | 4,409 | 4,279 | 6,505 | 5,518 | 6,013 | 7,048 | 7,476 | 9,904 | |
| 436 | 752 | 851 | 859 | 848 | 1,032 | 966 | 1,124 | 1,270 | 1,510 | 1,737 | |
| 12,896 | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 | |
| 6,303 | 7,571 | 9,002 | 8,413 | 8,649 | 11,370 | 10,572 | 9,435 | 10,315 | 13,434 | 18,905 | |
| 6,592 | 7,741 | 8,395 | 10,091 | 11,025 | 11,726 | 11,906 | 14,482 | 15,837 | 14,956 | 14,548 | |
| 12,896 | 15,312 | 17,397 | 18,504 | 19,674 | 23,096 | 22,478 | 23,917 | 26,153 | 28,390 | 33,453 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,722 | 4,007 | 4,017 | 1,032 | 5,518 | 4,110 | 2,104 | 2,614 | 4,923 | 4,297 | 8,315 | |
| -2,300 | -1,972 | -1,858 | 1,298 | -2,819 | -2,289 | -222 | -421 | -1,828 | -1,703 | -4,478 | |
| -1,475 | -2,036 | -2,102 | -2,252 | -2,602 | -1,852 | -1,975 | -2,147 | -2,717 | -2,815 | -3,534 | |
Net Cash Flow Net Cash FlowCr | -53 | -1 | 57 | 78 | 97 | -31 | -94 | 45 | 379 | -221 | 303 |
Free Cash Flow Free Cash FlowCr | 3,732 | 4,009 | 4,020 | 1,036 | 5,505 | 4,118 | 2,115 | 2,657 | 4,934 | 4,320 | 8,327 |
CFO To PAT CFO To PAT% | 119.6 | 113.0 | 107.9 | 29.8 | 150.8 | 140.0 | 90.3 | 93.3 | 131.6 | 98.2 | 144.0 |
CFO To EBITDA CFO To EBITDA% | 84.6 | 87.6 | 75.4 | 20.6 | 135.9 | 100.3 | 61.1 | 63.9 | 92.0 | 72.3 | 118.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,722 | 4,007 | 4,017 | 1,032 | 5,518 | 4,110 | 2,104 | 2,614 | 4,923 | 4,297 | 8,315 | |
| -2,300 | -1,972 | -1,858 | 1,298 | -2,819 | -2,289 | -222 | -421 | -1,828 | -1,703 | -4,478 | |
| -1,475 | -2,036 | -2,102 | -2,252 | -2,602 | -1,852 | -1,975 | -2,147 | -2,717 | -2,815 | -3,534 | |
Net Cash Flow Net Cash FlowCr | -53 | -1 | 57 | 78 | 97 | -31 | -94 | 45 | 379 | -221 | 303 |
Free Cash Flow Free Cash FlowCr | 3,732 | 4,009 | 4,020 | 1,036 | 5,505 | 4,118 | 2,115 | 2,657 | 4,934 | 4,320 | 8,327 |
CFO To PAT CFO To PAT% | 119.6 | 113.0 | 107.9 | 29.8 | 150.8 | 140.0 | 90.3 | 93.3 | 131.6 | 98.2 | 144.0 |
CFO To EBITDA CFO To EBITDA% | 84.6 | 87.6 | 75.4 | 20.6 | 135.9 | 100.3 | 61.1 | 63.9 | 92.0 | 72.3 | 118.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 58,777 | 64,379 | 70,808 | 51,035 | 31,842 | 58,239 | 45,893 | 46,905 | 94,307 | 74,446 | 1,01,252 | 1,08,557 |
Price To Earnings Price To Earnings | 20.6 | 18.0 | 19.0 | 14.8 | 8.8 | 20.0 | 19.8 | 16.7 | 25.2 | 17.0 | 17.6 | 19.9 |
Price To Sales Price To Sales | 2.1 | 2.3 | 2.2 | 1.5 | 1.1 | 1.9 | 1.6 | 1.4 | 2.5 | 1.8 | 2.1 | 2.1 |
Price To Book Price To Book | 6.7 | 6.2 | 5.9 | 3.9 | 2.2 | 3.8 | 2.9 | 2.8 | 5.3 | 3.9 | 4.7 | 5.0 |
EV To EBITDA EV To EBITDA | 13.4 | 14.1 | 13.3 | 10.2 | 7.8 | 14.3 | 13.4 | 11.5 | 17.6 | 12.5 | 14.4 | 14.7 |
GPM GPM% | 31.0 | 32.1 | 31.4 | 29.8 | 31.0 | 28.7 | 28.1 | 28.9 | 31.4 | 33.1 | 32.2 | 32.2 |
OPM OPM% | 15.4 | 16.0 | 16.4 | 14.8 | 13.9 | 13.2 | 11.7 | 12.0 | 14.2 | 14.5 | 14.9 | 14.5 |
NPM NPM% | 10.9 | 12.4 | 11.5 | 10.2 | 12.5 | 9.5 | 7.9 | 8.2 | 9.9 | 10.7 | 12.2 | 10.8 |
ROCE ROCE% | 48.6 | 46.5 | 43.6 | 38.3 | 31.4 | 24.4 | 18.9 | 23.0 | 28.2 | 30.1 | 33.6 | 33.6 |
ROE ROE% | 35.2 | 34.4 | 31.1 | 26.4 | 25.4 | 19.0 | 14.7 | 16.8 | 21.1 | 22.7 | 26.7 | 26.7 |
ROA ROA% | 24.1 | 23.2 | 21.4 | 18.7 | 18.6 | 12.7 | 10.4 | 11.7 | 14.3 | 15.4 | 17.3 | 17.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 58,777 | 64,379 | 70,808 | 51,035 | 31,842 | 58,239 | 45,893 | 46,905 | 94,307 | 74,446 | 1,01,252 | 1,08,557 |
Price To Earnings Price To Earnings | 20.6 | 18.0 | 19.0 | 14.8 | 8.8 | 20.0 | 19.8 | 16.7 | 25.2 | 17.0 | 17.6 | 19.9 |
Price To Sales Price To Sales | 2.1 | 2.3 | 2.2 | 1.5 | 1.1 | 1.9 | 1.6 | 1.4 | 2.5 | 1.8 | 2.1 | 2.1 |
Price To Book Price To Book | 6.7 | 6.2 | 5.9 | 3.9 | 2.2 | 3.8 | 2.9 | 2.8 | 5.3 | 3.9 | 4.7 | 5.0 |
EV To EBITDA EV To EBITDA | 13.4 | 14.1 | 13.3 | 10.2 | 7.8 | 14.3 | 13.4 | 11.5 | 17.6 | 12.5 | 14.4 | 14.7 |
GPM GPM% | 31.0 | 32.1 | 31.4 | 29.8 | 31.0 | 28.7 | 28.1 | 28.9 | 31.4 | 33.1 | 32.2 | 32.2 |
OPM OPM% | 15.4 | 16.0 | 16.4 | 14.8 | 13.9 | 13.2 | 11.7 | 12.0 | 14.2 | 14.5 | 14.9 | 14.5 |
NPM NPM% | 10.9 | 12.4 | 11.5 | 10.2 | 12.5 | 9.5 | 7.9 | 8.2 | 9.9 | 10.7 | 12.2 | 10.8 |
ROCE ROCE% | 48.6 | 46.5 | 43.6 | 38.3 | 31.4 | 24.4 | 18.9 | 23.0 | 28.2 | 30.1 | 33.6 | 33.6 |
ROE ROE% | 35.2 | 34.4 | 31.1 | 26.4 | 25.4 | 19.0 | 14.7 | 16.8 | 21.1 | 22.7 | 26.7 | 26.7 |
ROA ROA% | 24.1 | 23.2 | 21.4 | 18.7 | 18.6 | 12.7 | 10.4 | 11.7 | 14.3 | 15.4 | 17.3 | 17.3 |
Documents — Hero MotoCorp Ltd
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