# HEROMOTOCO (HEROMOTOCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/heromotoco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹5,330
- Change: +0.09%
- As of: 2026-09-18
- 1D return: -0.74%
- 5D return: +0.10%
- 1M return: -7.93%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹5,285.5, indicating a mixed technical stance across different timeframes. The daily timeframe shows a bearish trend, with the price below key moving averages like the 20-day Exponential Moving Average (EMA) at ₹5,361.41 and the 50-day Simple Moving Average (SMA) at ₹5,379.75. The Supertrend indicator also signals a bearish direction on the daily chart. In contrast, the weekly and monthly timeframes present a more constructive picture. The weekly chart shows the price above the 20-day EMA (₹5,292.9) and the Supertrend (₹5,025.95), suggesting underlying strength. Similarly, the monthly view indicates a bullish trend, with the price above the 20-day EMA (₹5,049.46) and the Supertrend (₹4,143.54). This divergence suggests potential short-term weakness within a longer-term upward trend.

Nearest support is observed around ₹5,265.33, approximately 0.38% below the current price, followed by ₹5,205.67. Resistance is noted at ₹5,299.69, about 0.27% higher, and then at ₹5,303.17. The stock's current position within its 20-day range is 21%, and within its 252-day range is 36%, indicating it is trading closer to the lower end of its longer-term trading band. Volatility is a consideration, with annualized volatility at 27% and an Average True Range (ATR) of 2.28% of the current price. The maximum drawdown observed is -25%, with a current drawdown of -17%. Recent patterns include a "Bearish Engulfing Reversal" and "Harami" on the monthly and weekly charts respectively, which can signal potential trend changes.

Key watch conditions include monitoring the price action around the immediate support level of ₹5,265.33. A break below this could signal further downside. Conversely, a sustained move above the nearest resistance at ₹5,299.69, and subsequently ₹5,303.17, would be needed to challenge the daily bearish signals. The divergence between daily and longer-term timeframes warrants close observation for any trend alignment.

- Current price as of September 18, 2026: ₹5,285.5.
- Nearest support level: ₹5,265.33 (approx. 0.38% below current price).
- Nearest resistance level: ₹5,299.69 (approx. 0.27% above current price).
- Daily trend is bearish (price below key moving averages and Supertrend), while weekly and monthly trends are bullish.
- Watch for price movement around ₹5,265.33 (support) and ₹5,299.69 / ₹5,303.17 (resistance) for potential trend confirmation or reversal.

- Bearish Engulfing Reversal
- Harami
- Doji
- Outside Bar
- Inside Bar
- Evening Star

### News Context

Hero MotoCorp announced a partnership with Swiggy on September 16, 2026, aimed at providing Swiggy delivery partners with access to Hero MotoCorp vehicles and financing options through the Swiggy app. This initiative includes loans with up to ninety percent loan-to-value ratios and road safety training. Separately, on September 18, 2026, JPMorgan noted potential for a 29% rise in the two-wheeler stock, contingent on specific conditions, while acknowledging that a majority of 43 analysts covering Hero MotoCorp maintain a "buy" recommendation. This comes amidst a broader market context where auto shares rallied for a second day on September 17, 2026, even as broader market sentiment remained cautious due to potential US interest rate hikes.

- Hero MotoCorp partnered with Swiggy on September 16, 2026, to offer vehicles and financing to delivery partners via the Swiggy app, including loans up to 90% loan-to-value and safety training.
- On September 18, 2026, JPMorgan indicated a potential 29% stock price increase for Hero MotoCorp, subject to certain conditions.
- A majority of 43 analysts covering Hero MotoCorp have a "buy" recommendation, according to a September 18, 2026 report.
- Auto shares saw a rally for the second consecutive day on September 17, 2026.

- This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions
- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TVS expects domestic two-wheeler market to grow in high single digits this festive season
- Barometers trade sideways; auto shares rally for 2nd day
- Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app

### What Changed

As of September 18, 2026, Hero MotoCorp (NSE: HEROMOTOCO) is trading at ₹5,285.5, a slight decrease from its previous price of ₹5,235.0. Recent news highlights external views on the stock, with JPMorgan noting re-rating potential contingent on specific conditions. Separately, a report on India's highest-paid CEOs for FY26 mentioned compensation packages, though not specifically for Hero MotoCorp executives. In the broader market context, TVS Motor Company anticipates high single-digit growth in the domestic two-wheeler market during the upcoming festive season. No new filings were reported for Hero MotoCorp.

- On September 18, 2026, Hero MotoCorp's stock price was ₹5,285.5, down from ₹5,325.0.
- JPMorgan has indicated potential for a stock re-rating for Hero MotoCorp, subject to certain conditions.
- A report on India's highest-paid CEOs for FY26 was published, detailing executive compensation.
- TVS Motor Company forecasts high single-digit growth for the domestic two-wheeler market during the festive season.

- This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions
- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TVS expects domestic two-wheeler market to grow in high single digits this festive season

### Official Filings

Hero MotoCorp Limited has made significant moves regarding its investment in Ather Energy Limited. On August 27, 2026, the company's Board of Directors approved the purchase of additional equity shares in Ather Energy for a maximum of approximately ₹1,758 crore in cash. This transaction, expected to be completed by September 3, 2026, aims to increase Hero MotoCorp's stake in Ather from 29.88% to up to 32.8% on a fully diluted basis. Subsequently, on August 28, 2026, Hero MotoCorp confirmed the completion of this purchase, acquiring 1,18,80,000 equity shares and raising its shareholding to approximately 32.8%. Ather Energy, an Indian electric vehicle and charging infrastructure company, reported a net loss of ₹517.17 crore on a turnover of ₹3,671.76 crore for the fiscal year 2025-2026.

In other developments, Hero MotoCorp reported total dispatches of 568,398 units for August 2026, an increase from 553,727 units in August 2025. The VIDA electric mobility unit contributed 25,558 dispatches, while the domestic ICE business recorded 516,747 units. The company also announced the appointment of Mr. Suresh Kumar P as Chief Digital & Information Officer, effective August 31, 2026. Additionally, Hero MotoCorp has opened a special window from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical securities sold or purchased before April 1, 2019, as per SEBI regulations.

- Hero MotoCorp completed the acquisition of additional equity shares in Ather Energy Limited for approximately ₹1,758 crore on August 28, 2026, increasing its stake to about 32.8%.
- Ather Energy reported a net loss of ₹517.17 crore on a turnover of ₹3,671.76 crore for FY2025-2026.
- Total dispatches for August 2026 were 568,398 units, a year-over-year increase from 553,727 units in August 2025.
- Mr. Suresh Kumar P was appointed Chief Digital & Information Officer, effective August 31, 2026.
- A special window for the transfer and dematerialization of physical securities purchased before April 1, 2019, is open from February 5, 2026, to February 4, 2027.

- Please find enclosed herewith copies of the newspaper advertisement(s) published regarding the issue of duplicate share certificate in lieu of original share certificate that are reported to be lost and not traceable. |SUBJECT: Copy of Newspaper Publication
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the copies of the newspaper advertisement(s) publishing that the special window has been opened for transfer and dematerialization of physical securities which were sold / purchased prior to April 1, 2019. |SUBJECT: Copy of Newspaper Publication
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the attached disclosure document. |SUBJECT: Action(s) taken or orders passed
- Please find attached a copy of the Press Release being issued by the Company. |SUBJECT: Press Release
- Pursuant to Regulation 30 of the SEBI Regulations, please refer to the disclosure document. |SUBJECT: Change in Management
- HERO MOTOCORP LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the disclosure document regarding update on purchase of additional equity shares in Ather Energy Limited. |SUBJECT: Acquisition
- Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the schedule of investor meeting(s) /conference(s). |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding purchase of additional equity shares in Ather Energy Limited. |SUBJECT: Acquisition
- Hero Motocorp Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL

### Fundamentals

Hero MotoCorp's recent financial performance shows a mixed trajectory. For the quarter ending June 2026 (Q1 FY27), the company reported Revenue from Operations of ₹13,126.35 crore, an increase from ₹12,486.82 crore in Q3 FY26. However, Profit Loss For Period decreased to ₹1,417.93 crore in Q1 FY27 from ₹1,473.92 crore in Q4 FY26, despite a rise in Profit Before Tax to ₹1,964.61 crore from ₹1,892.79 crore in the prior quarter. The Operating Profit Margin (OPM) for Q1 FY27 was 13.0%, down from 14.0% in Q4 FY26 and Q3 FY26. Looking at the annual figures, Sales have shown a compounded growth of 5% over 10 years, accelerating to 26% on a Trailing Twelve Months (TTM) basis. Net Profit has a 10-year compounded growth of 7%, with a TTM growth of 10%. Return on Equity (ROE) was reported at 28% for the last year. The company's balance sheet shows total borrowings at ₹606 crore in March 2024, projected to increase to ₹779 crore by March 2026. Investments have grown from ₹6,114 crore in March 2019 to ₹12,751 crore in March 2024, with projections to reach ₹19,286 crore by March 2026. Cash Flow from Operations (CFO) was ₹4,923 crore in March 2024, with a projected ₹8,315 crore for March 2026. Free Cash Flow was ₹4,146 crore in March 2024, projected to reach ₹7,227 crore by March 2026. The Cash Conversion Cycle has been negative, indicating efficient working capital management, standing at -30 days in March 2024 and projected to be -40 days by March 2026. Shareholding patterns show promoters holding a stable 34.76% as of March 2024, while FIIs increased their stake to 28.93% and DIIs to 27.76%.

- For Q1 FY27, Revenue from Operations was ₹13,126.35 crore, while Profit Loss For Period was ₹1,417.93 crore.
- Operating Profit Margin (OPM) stood at 13.0% for Q1 FY27.
- Sales have a 10-year compounded growth rate of 5% and a TTM growth rate of 26%.
- Net Profit has a 10-year compounded growth rate of 7% and a TTM growth rate of 10%.
- Return on Equity (ROE) was 28% for the last year.
- Total borrowings were ₹606 crore in March 2024, projected to reach ₹779 crore by March 2026.
- Investments increased to ₹12,751 crore in March 2024, projected to reach ₹19,286 crore by March 2026.
- Cash Flow from Operations was ₹4,923 crore in March 2024, projected to be ₹8,315 crore by March 2026.
- Free Cash Flow was ₹4,146 crore in March 2024, projected to be ₹7,227 crore by March 2026.
- The Cash Conversion Cycle was -30 days in March 2024, projected to be -40 days by March 2026.

### Bull Case

Hero MotoCorp has demonstrated significant improvements in its operating cash flow, with a notable increase from ₹1,032 crore in March 2019 to ₹5,518 crore in March 2020. This surge in operating cash flow has contributed to a substantial rise in Free Cash Flow, from ₹57 crore in March 2019 to ₹4,230 crore in March 2020. The company's compounded sales growth over the last five years stands at 9%, with a more recent acceleration to 26% on a trailing twelve months (TTM) basis. Additionally, compounded profit growth has been recorded at 16% over five years and 10% on a TTM basis. The company's balance sheet shows an increase in Fixed Assets from ₹4,952 crore in March 2019 to ₹6,473 crore in March 2020, alongside a rise in Investments from ₹6,114 crore to ₹8,359 crore over the same period. Reserves have also grown from ₹13,080 crore to ₹14,366 crore.

- Cash from Operating Activity increased from ₹1,032 crore in March 2019 to ₹5,518 crore in March 2020.
- Free Cash Flow improved from ₹57 crore in March 2019 to ₹4,230 crore in March 2020.
- Compounded Sales Growth was 9% over 5 years and 26% on a TTM basis.
- Compounded Profit Growth was 16% over 5 years and 10% on a TTM basis.
- Fixed Assets increased from ₹4,952 crore (Mar 2019) to ₹6,473 crore (Mar 2020).
- Investments grew from ₹6,114 crore (Mar 2019) to ₹8,359 crore (Mar 2020).

- This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions
- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TVS expects domestic two-wheeler market to grow in high single digits this festive season
- Barometers trade sideways; auto shares rally for 2nd day
- Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app

### Bear Case

Hero MotoCorp's balance sheet shows an increase in borrowings from ₹312 crore in March 2019 to ₹453 crore in March 2020. Concurrently, the company's investments grew significantly from ₹6,114 crore to ₹8,359 crore over the same period. While cash flow from operations improved substantially to ₹5,518 crore in March 2020 from ₹1,032 crore in March 2019, cash used in investing activities also rose sharply to ₹2,819 crore from ₹1,298 crore. The company's free cash flow saw a marked increase to ₹4,230 crore in March 2020, up from ₹57 crore in the prior year. However, the daily technical trend indicates a bearish SuperTrend at 5571.19, with the closing price of ₹5285.5 trading below the 20-day Exponential Moving Average (EMA) of ₹5361.41 and the 20-day Simple Moving Average (SMA) of ₹5401.88.

- Borrowings increased to ₹453 crore in March 2020 from ₹312 crore in March 2019.
- Investments grew to ₹8,359 crore in March 2020 from ₹6,114 crore in March 2019.
- Cash used in investing activities increased to ₹2,819 crore in March 2020 from ₹1,298 crore in March 2019.
- The daily SuperTrend indicator is bearish at 5571.19 as of September 18, 2026.

- This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions
- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TVS expects domestic two-wheeler market to grow in high single digits this festive season
- Barometers trade sideways; auto shares rally for 2nd day
- Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app

### FAQs

**How has Hero MotoCorp's financial position changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Hero MotoCorp's total assets increased from ₹18,504 crore to ₹19,674 crore. During the same period, total liabilities also increased from ₹18,504 crore to ₹19,674 crore. Key balance sheet changes included an increase in borrowings from ₹312 crore to ₹453 crore, a rise in fixed assets from ₹4,952 crore to ₹6,473 crore, and an increase in investments from ₹6,114 crore to ₹8,359 crore. Conversely, 'Other Assets' decreased from ₹6,865 crore to ₹4,451 crore, and 'CWIP' (Capital Work-in-Progress) reduced from ₹573 crore to ₹391 crore. Reserves grew from ₹13,080 crore to ₹14,366 crore.

**What were the recent operational and strategic developments for Hero MotoCorp?**

In August 2026, Hero MotoCorp reported total dispatches of 568,398 units, an increase from 553,727 units in August 2025. The VIDA electric mobility unit achieved 25,558 dispatches, while the domestic ICE business recorded 516,747 units with 18% retail growth. The company also launched XPulse 200 4V models in Bangladesh and appointed Anuj Dua as Chief Business Officer for the Premium Segment. Additionally, Hero MotoCorp partnered with Swiggy to offer delivery partners vehicle access and financing, including up to ninety percent loan-to-value ratios and road safety training.

**What is the current technical trend for Hero MotoCorp based on daily and weekly indicators?**

As of September 18, 2026, the daily trend for Hero MotoCorp indicates a bearish Supertrend direction with a value of ₹5,571.19, and the 20-day Exponential Moving Average (EMA) is ₹5,361.41. In contrast, the weekly trend shows a bullish Supertrend direction at ₹4,143.54, with the 20-day EMA at ₹5,049.46. The daily chart shows the Plus Directional Indicator (DI) at 16.19 and the Minus DI at 20.87, suggesting a lack of strong directional momentum, while the weekly chart shows a Plus DI of 28.43 and a Minus DI of 14.25, indicating a stronger bullish trend on the weekly timeframe.

**What are the key support and resistance levels for Hero MotoCorp?**

As of September 18, 2026, key technical levels for Hero MotoCorp include immediate resistance around ₹5,299.69 (0.27% away) and ₹5,303.17 (0.33% away). Support levels are identified near ₹5,265.33 (-0.38% away) and ₹5,205.67 (-1.51% away).

- This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions
- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TVS expects domestic two-wheeler market to grow in high single digits this festive season
- Barometers trade sideways; auto shares rally for 2nd day
- Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app
- Please find enclosed herewith copies of the newspaper advertisement(s) published regarding the issue of duplicate share certificate in lieu of original share certificate that are reported to be lost and not traceable. |SUBJECT: Copy of Newspaper Publication
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the copies of the newspaper advertisement(s) publishing that the special window has been opened for transfer and dematerialization of physical securities which were sold / purchased prior to April 1, 2019. |SUBJECT: Copy of Newspaper Publication
- Pursuant to Regulation 30 of the SEBI Listing Regulations, please refer to the attached disclosure document. |SUBJECT: Action(s) taken or orders passed
- Please find attached a copy of the Press Release being issued by the Company. |SUBJECT: Press Release
- Pursuant to Regulation 30 of the SEBI Regulations, please refer to the disclosure document. |SUBJECT: Change in Management
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹5,303.17
- Risk regime: Price Risk Requires Attention

### Support levels
- 5183.0375
- 5047.7140625
- 4943.671875

### Resistance levels
- 5299.6875
- 5476.7236328125
- 5662.625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.74% |
| return_10 | -0.43% |
| return_1m | -8.01% |
| return_1y | -1.57% |
| return_20 | -7.93% |
| return_3m | +5.26% |
| return_5 | +0.10% |
| return_6m | -2.59% |
| return_since_start | +26.32% |
| return_ytd | -9.52% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -24.80% |
| annualized_volatility | +26.67% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Rises 35% YoY, Net Profit Dips on Prior-Year Discontinued Operations

Hero MotoCorp Limited reported a 35% year-on-year increase in revenue from operations to ₹13,126.35 crore for the first quarter of FY2026-27. Profit before tax grew 31%, but net profit declined 17% to ₹1,417.93 crore, as the prior-year quarter included a large contribution from discontinued operations. Profit from continuing operations rose 36%.

## Revenue Growth and Sequential Trends

Revenue from operations increased 34.94% year-on-year, from ₹9,727.75 crore in Q1 FY2025-26 to ₹13,126.35 crore. On a sequential basis, revenue grew 1.14% compared to ₹12,978.28 crore in Q4 FY2025-26, indicating a stable quarter-on-quarter performance.

## Expenses and Margins

Total expenses rose 36.07% year-on-year to ₹11,621.48 crore, slightly outpacing revenue growth. As a result, the profit before tax (PBT) margin edged down from 15.38% in Q1 FY2025-26 to 14.97% in the current quarter. Finance costs were ₹21.41 crore, compared to ₹20.66 crore a year ago.

## Profitability and Discontinued Operations Impact

Profit before tax grew 31.27% year-on-year to ₹1,964.61 crore. However, profit for the period (which includes both continuing and discontinued operations) declined 16.87% to ₹1,417.93 crore. This divergence is because the prior-year quarter’s profit for the period included a net gain of ₹629.44 crore from discontinued operations, while the current quarter’s discontinued operations contributed a small loss of ₹43.89 crore.

Profit from continuing operations was ₹1,461.82 crore, up 35.82% from ₹1,076.21 crore a year ago. Tax expense increased 19.61% to ₹502.79 crore, and the effective tax rate (tax expense as a percentage of profit before tax) decreased from 28.09% to 25.59%.

## Earnings Per Share and Comprehensive Income

Basic earnings per share fell 17.21% year-on-year, from ₹85.26 to ₹70.59, mirroring the decline in net profit. Comprehensive income for the period was ₹1,410.57 crore, down 16.74% from ₹1,694.13 crore a year ago, as other comprehensive income recorded a small loss of ₹7.36 crore.

## Management Commentary

Hero MotoCorp delivered strong Q1 FY27 results: standalone revenue from operations rose 36% YoY to Rs 12,999 crore, PAT grew 29% to Rs 1,454 crore, EBITDA stood at Rs 1,727 crore with a 13.3% margin, and volumes grew 23% to 16.77 lakh units. Consolidated revenue rose 35% to Rs 13,126 crore, while consolidated PAT was Rs 1,418 crore versus Rs 1,706 crore in the prior-year quarter, which included a one-time Rs 722 crore dilution gain. CEO Harshavardhan Chitale attributed the performance to broad-based growth across premium, electric mobility, commuter and global business segments, disciplined execution, and focus on delivering customer value.

Management's strategy is to build a future-ready mobility company by accelerating premiumisation, scaling electric mobility, expanding the global footprint, and retaining commuter leadership, supported by continued investments in technology, innovation, manufacturing, and customer experience. The company also introduced flex-fuel variants of Splendor+ and HF Deluxe. On regulatory risks, the company said it cannot yet reliably estimate the financial implications of the End-of-Life Vehicles and Battery Waste Management Rules until implementation frameworks are established.

## Key Takeaway

Hero MotoCorp’s revenue grew 35% year-on-year in Q1 FY2026-27, and profit before tax rose 31%. The 17% decline in reported net profit is attributable to the absence of a large discontinued operations gain that boosted the prior-year quarter. Profit from continuing operations increased 36%, reflecting improved underlying performance.

### Ratios

## Official filings

- 2026-09-12 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_12092026171609_Stxintimation12092026newspaperadvertisment.pdf)
- 2026-09-08 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_08092026120446_Stxintimation08092026newspaperadvertisment.pdf)
- 2026-09-08 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_08092026154000_STXIntimationESICProhibitoryOrder.pdf)
- 2026-09-01 — Press Release: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_01092026200039_StxintimationPR01092026.pdf)
- 2026-08-31 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_31082026091852_STXIntimation__CDIO_.pdf)
- 2026-08-31 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_795_WebXMLFile_20260831_170218955.xml)
- 2026-08-28 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_28082026162158_UpdatetoRegulation3028082026.pdf)
- 2026-08-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_27082026193333_StxIntimation.pdf)
- 2026-08-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_27082026204708_Regulation30disclosure.pdf)
- 2026-08-27 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_795_WebXMLFile_20260827_210416296.xml)
- 2026-08-25 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_25082026225914_DisclosureunderRegulation30.pdf)
- 2026-08-22 — Credit Rating Update: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_22082026183156_STX_IntimationCrislESGRating.pdf)
- 2026-08-17 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_17082026084731_STXIntimation.pdf)
- 2026-08-17 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_795_WebXMLFile_20260817_173427823.xml)
- 2026-08-15 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_15082026160919_Stxintimation15082026newspaperadvertisment.pdf)
- 2026-08-12 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_12082026171607_Stxintimation.pdf)
- 2026-08-11 — Earnings Presentation: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_11082026181451_Stxintimationpresentation07082026.pdf)
- 2026-08-07 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_07082026165749_Stockexchangeintimation07082026.pdf)
- 2026-08-07 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_07082026182650_Stxintimationpresentation07082026.pdf)
- 2026-08-07 — Earnings Presentation: Hero MotoCorp Limited has filed an investor presentation for Q1 FY27, detailing a 36% revenue growth driven by a 23% volume increase, improved product mix, and pricing benefits. The company reported a 29% increase in Profit After Tax (PAT) to ₹1,454 crore, with EBITDA margins at 13.3% impacted by commodity costs. The presentation highlights market share gains across various segments including motorcycles, scooters, and electric vehicles, with specific mention of the VIDA VX2 and expanded scooter portfolios. Hero MotoCorp also disclosed ₹48 crore in Production Linked Incentives (PLI) for Q1 FY27 and outlined capacity expansion plans for motorcycles, scooters, and parts, including a new Greenfield expansion in Tirupati. — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_07082026083605_Stxintimationpresentation07082026.pdf)
- 2026-08-06 — Generic Announcement: Hero MotoCorp Ltd. approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on August 6, 2026. The board also approved the establishment of a wholly-owned subsidiary, Hero MotoCorp Foundation - A Santosh Munjal Legacy, to undertake Corporate Social Responsibility initiatives, with an initial subscription of Rs. 1 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_06082026224734_OutcomeBM06082026Acquisition.pdf)
- 2026-08-06 — Generic Announcement: Hero MotoCorp's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, and the establishment of a Section 8 company, Hero MotoCorp Foundation, for CSR initiatives with an initial investment of Rs. 1 crore. The company reported standalone revenue of Rs. 12,999 crore and a profit after tax of Rs. 1,454 crore for Q1 FY'27, marking a 36% revenue growth and 23% volume growth. — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_06082026223343_OutcomeBM06082026.pdf)
- 2026-08-06 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_795_WebXMLFile_20260806_233015796.xml)
- 2026-08-06 — Press Release: Hero MotoCorp Ltd. announced its Q1 FY'27 financial results on August 6, 2026, reporting standalone revenue of Rs. 12,999 crore, a 36% increase year-on-year, and Profit After Tax (PAT) of Rs. 1,454 crore, up 29%. Consolidated revenue was Rs. 13,126 crore, with PAT at Rs. 1,418 crore. The company also approved the establishment of a wholly-owned subsidiary, Hero MotoCorp Foundation, for Corporate Social Responsibility initiatives, with an initial cash infusion of Rs. 1 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/HEROMOTO_06082026225253_OutcomeBM06082026pressrelease.pdf)
- 2026-08-05 — Generic Announcement: Hero MotoCorp Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_795_WebXMLFile_20260805_195051764.xml)

## News and market events

- 2026-09-18 — CNBC-TV18: **This two-wheeler stock can rise 29%, JPMorgan says on re-rating scope based on two conditions** — Majority of the 43 analysts who have coverage on Hero MotoCorp, have a "buy" recommendation on the two-wheeler manufacturer, and JPMorgan too, sees a re-rating potential, but with conditions apply. — [Source](https://www.cnbctv18.com/market/hero-motocorp-share-price-jpmorgan-sees-re-rating-potential-two-key-conditions-market-share-competition-valuations-target-returns-19993424.htm)
- 2026-09-17 — CNBC-TV18: **India’s highest-paid CEOs in FY26: Who took home the biggest pay packages** — Meet India’s highest-paid CEOs in FY26. From Persistent Systems' Sandeep Kalra crossing ₹388 crore to Angel One's Ambarish Kenghe posting a 10,000% spike, here are the 10 highest-paid business leaders in FY26 and their compensation packages. — [Source](https://www.cnbctv18.com/photos/business/indias-highest-paid-ceos-in-fy26-who-took-home-the-biggest-pay-packages-19993029.htm)
- 2026-09-17 — MONEYCONTROL: **TVS expects domestic two-wheeler market to grow in high single digits this festive season** — tvs motor company, tvs apache, tvs bikes, tvs two wheeler market, tvs scooters — [Source](https://www.moneycontrol.com/automobile/tvs-expects-domestic-two-wheeler-market-to-grow-in-high-single-digits-this-festive-season-article-14032223.html)
- 2026-09-17 — BUSINESS: **Barometers trade sideways; auto shares rally for 2nd day** — The Feds indication of another rate hike in 2026 is likely to keep investors cautious, particularly in rate-sensitive and foreign-portfolio-investment-driven segments. However, buying interest in select domestic sectors provided some support. The Nifty traded near 23,290 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction. — [Source](https://www.business-standard.com/markets/capital-market-news/barometers-trade-sideways-auto-shares-rally-for-2nd-day-126091700380_1.html)
- 2026-09-16 — Economic Times: **Swiggy delivery partners get access to Hero MotoCorp vehicles and financing via app** — Swiggy and Hero MotoCorp have partnered to offer delivery partners vehicle access.  Delivery partners can select Hero MotoCorp vehicles and financing through the Swiggy app.  This collaboration provides loans with up to ninety percent loan-to-value ratios.  Road safety training programs are also included for all Swiggy delivery partners.  The initiative aims to enhance safety and vehicle accessibility for delivery personnel. — [Source](https://cio.economictimes.indiatimes.com/news/corporate-news/swiggy-delivery-partners-get-access-to-hero-motocorp-vehicles-and-financing-via-app/134276218)
- 2026-09-10 — Economic Times: **How Ather powered past Ola; Apple's first foldable iPhone** — Ather Energy has surpassed Ola Electric in sales and other metrics. This and more in todays ETtech Top 5. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/ather-powers-past-ola-electric-apple-unveils-first-foldable-iphone/articleshow/134011683.cms)
- 2026-09-10 — BUSINESSTODAY: **Tata Motors PV, Maruti Suzuki, Hyundai, M&M: 35 new launches in 5 years! Top auto stock picks** — Tata Motors PV, Maruti Suzuki, Hyundai, M&M: new car launches, auto stock picks, auto stock ideas — [Source](https://www.businesstoday.in/markets/stocks/story/tata-motors-pv-maruti-suzuki-hyundai-mm-35-new-launches-in-5-years-top-auto-picks-554612-2026-09-10)
- 2026-09-10 — MONEYCONTROL: **Ather Energy stock rises 4% as Nomura raises target price on Konarc launch, faster EV adoption** — ather energy share price today, ather energy stock update, ather energy share price target, ather energy stock rating, ather energy stock outlook, ather energy konarc launch — [Source](https://www.moneycontrol.com/news/business/markets/ather-energy-stock-rises-4-as-nomura-raises-target-price-on-konarc-launch-faster-ev-adoption-14026749.html)
- 2026-09-10 — Economic Times: **Hero Motors fixes IPO price band at Rs 79-84 for Rs 1,000-crore issue. Know important dates, other details** — Hero Motors has announced an initial public offering (IPO) price range between Rs 79 and Rs 84, set to open for subscription on Wednesday, September 16. Anchor investors have the opportunity to place their bids a day prior to the public offering. The funds generated through the IPO are earmarked for reducing debt and expanding facilities. The company's stock market debut is slated for September 23. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/hero-motors-fixes-ipo-price-band-at-rs-79-84-for-rs-1000-crore-issue-know-important-dates-other-details/articleshow/133991003.cms)
- 2026-09-09 — The Hindu: **Hero Motors fixes IPO price band at ₹79-84; issue opens September 16** — The auto parts maker will tap public markets next week, with proceeds earmarked for debt reduction and equipment purchases to expand operations — [Source](https://www.thehindubusinessline.com/markets/hero-motors-fixes-ipo-price-band-at-79-84-issue-opens-september-16/article71449950.ece)
- 2026-09-09 — Economic Times: **Ather & Ola Electric: A tale of two contrasting rides** — Ather Energy's stock price has significantly increased since its IPO. Ola Electric's shares are currently trading below their initial public offering price. Ather's average monthly sales have risen, while Ola's have declined sharply. Product development and management strategy differentiate these two electric scooter companies. Hero MotoCorp continues to invest in Ather, showing strong confidence in its future. — [Source](https://economictimes.indiatimes.com/industry/renewables/ather-ola-electric-a-tale-of-two-contrasting-rides/articleshow/133982975.cms)
- 2026-09-07 — BUSINESSTODAY: **Honda outsells Hero MotoCorp for second straight month in August** — Honda Motorcycle & Scooter India, Hero MotoCorp, two-wheeler sales India, FADA data, August 2023 sales, rural demand, electric two-wheelers, Indian automobile market, passenger vehicle sales, market share two-wheelers — [Source](https://www.businesstoday.in/auto/story/honda-outsells-hero-motocorp-for-second-straight-month-in-august-553792-2026-09-07)
- 2026-09-02 — BUSINESSTODAY: **Hero MotoCorp, Eicher Motors shares slide up to 5%; analyst flags key support levels** — Hero MotoCorp, Eicher Motors, Nifty Auto, automobile stocks, Hero MotoCorp share price, Eicher Motors share price, stock market, auto stocks, technical outlook, support levels, resistance levels, price consolidation, Mayank Jain, Share.Market by PhonePe, NSE — [Source](https://www.businesstoday.in/markets/stocks/story/hero-motocorp-eicher-motors-shares-slide-up-to-5-analyst-flags-key-support-levels-552889-2026-09-02)
- 2026-09-02 — The Hindu: **Flexi-cap funds see ₹49,915 crore inflows during January-July 2026** — Investors increasingly favoured manager-led allocation across market-cap segments, helping the category expand its investor base and assets under management — [Source](https://www.thehindubusinessline.com/markets/flexi-cap-funds-see-49915-crore-inflows-during-january-july-2026/article71418736.ece)
- 2026-09-02 — CNBC-TV18: **IFCI, Coal India lead Nifty 500 gainers as auto stocks fall at market open** — Brokerage calls and August auto sales numbers drove sharp moves across the Nifty 500 at market open, with UBS and HSBC weighing in on Coal India even as automakers posted mixed monthly sales — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/ifci-coal-india-nifty-500-gainers-hero-motocorp-eicher-motors-ola-electric-market-open-share-price-19981967.htm)
- 2026-09-02 — BUSINESS: **Stock Alert: Hero MotoCorp, NMDC, Gland Pharma, Wipro** — Shares of LIC Housing Finance and SAIL are banned from F&O trading on 2 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-hero-motocorp-nmdc-gland-pharma-wipro-126090200142_1.html)
- 2026-09-02 — BUSINESSTODAY: **Top stocks in news: Wipro, Hero Moto, NMDC, Welspun Corp, Adani Green, Annu Projects, Gland Pharma** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Wipro, Hero MotoCorp, NMDC, Welspun Corp, Adani Green Energy, Annu Projects, Gland Pharma, L&T Finance, Texmaco Rail & Engineering, Ashiana Housing, Ujjivan Small Finance Bank, ARSS Infrastructure Projects, Sical Logistics — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-wipro-hero-moto-nmdc-welspun-corp-adani-green-annu-projects-gland-pharma-552700-2026-09-02)
- 2026-09-02 — Mint: **Stocks to watch today: Reason why these shares are in focus for Wednesday's trading session | Full list** — Stock market today: Benchmark indices Sensex and Nifty closed marginally lower on Tuesday amid concerns over elevated crude oil prices and renewed tensions between the US and Iran, which weighed on investor sentiment. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-today-reason-why-these-shares-are-in-focus-for-wednesdays-trading-session-full-list-11788311231011.html)
- 2026-08-28 — MONEYCONTROL: **Ashish Dhawan buys 1.11% stake in Religare; Hero MotoCorp picks up Rs 1,758 crore Ather shares** — Bulk Deals,Block Deals,Religare Enterprises,Hero MotoCorp,Ather Energy,KSR Footwear,Strides Pharma Science,Xtranet Technologies — [Source](https://www.moneycontrol.com/news/business/markets/ashish-dhawan-buys-1-11-stake-in-religare-hero-motocorp-picks-up-rs-1-758-crore-ather-shares-14017829.html)
- 2026-08-28 — CNBC-TV18: **FIIs dump ₹5,040 crore of Indian shares, but DIIs buy even more** — Foreign investors sharply stepped up selling on Friday, but domestic institutions absorbed the pressure with ₹5,184 crore of purchases as IT stocks helped the market finish higher. — [Source](https://www.cnbctv18.com/market/fiis-dump-rs5040-crore-of-indian-shares-but-diis-buy-even-more-19979276.htm)
- 2026-08-28 — The Hindu: **From old economy to niche players, the IPO market is different, healthier** — India's IPO market is thriving with diverse industrial and niche companies, signaling a healthy shift from traditional patterns. — [Source](https://www.thehindubusinessline.com/markets/from-old-economy-to-niche-players-the-ipo-market-is-different-healthier/article71400346.ece)
- 2026-08-28 — The Hindu: **Hero MotoCorp invests ₹1,758 crore to acquire more stakes in Ather** — Hero MotoCorp invests ₹1,758 crore to increase its stake in Ather Energy, raising ownership to 32.8% by 2026. — [Source](https://www.thehindubusinessline.com/companies/hero-motocorp-invests-1758-crore-to-acquire-more-stakes-in-ather/article71400476.ece)
- 2026-08-28 — BUSINESS: **Sensex, Nifty snap two-day losing streak; IT stocks surge, breadth positive** — Key equity benchmarks rebounded on Friday, snapping a two-session losing streak, as a sharp rally in IT stocks helped offset weakness in select heavyweight banking and consumer-facing stocks. The rally in IT shares was supported partly by stronger global technology sentiment following upbeat Nvidia results. Pharma and metal stocks also gained, while FMCG and consumer durable stocks declined. Investor sentiment remained cautious ahead of Kevin Warsh's speech later today. Warsh is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for clues on the US central bank's monetary policy outlook. Firm crude oil prices also weighed on sentiment. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-snap-two-day-losing-streak-it-stocks-surge-breadth-positive-126082800928_1.html)
- 2026-08-28 — CNBC-TV18: **Markets fall for third straight week, longest losing streak in five months** — Indian markets fell for a third straight week, their longest losing streak in five months, with the Sensex, Nifty and Nifty Bank declining around 0.5% each. Midcaps outperformed, while IT emerged as the week’s top-performing sector. — [Source](https://www.cnbctv18.com/market/markets-fall-for-third-straight-week-longest-losing-streak-in-five-months-19979135.htm)
- 2026-08-28 — BUSINESS: **Indices snap 2-day losses; IT shares rally** — Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-snap-2-day-losses-it-shares-rally-126082800851_1.html)

## Business profile

**Strategic vision:** Manufacturer of motorcycles and scooters for global customers.

### Business segments
- **Motorcycles:** The company produces a wide array of motorcycles catering to various segments.
- **Scooters:** Hero MotoCorp's scooter lineup is designed for varied customer needs, from everyday commuting to sporty performance.
- **Electric Vehicles (VIDA):** Through its VIDA brand, Hero MotoCorp is actively involved in electric mobility, aiming to usher in the Electric Age with green mobility technology and sustainability.

### Competitive strengths
- Global two-wheeler manufacturer by unit volumes sold.
- Extensive product portfolio across motorcycles, scooters, and electric vehicles.
- Global presence in 52 countries.
- History of manufacturing and R&D excellence.
- Commitment to sustainability and decarbonization goals.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/heromotoco
Markdown representation: https://faxioms.com/stocks/heromotoco?render=md