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Hero MotoCorp stock: key metrics
HEROMOTOCO.NSHero MotoCorp had an operating margin of 13.1% and a return on invested capital (ROIC) of 42.7% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 25.6% | 8.8% | 8.7% |
| 2008 | 13.1% | 13.3% | 9.4% |
| 2009 | 13.7% | 14.2% | 10.4% |
| 2010 | 31.9% | 17.8% | 14.2% |
| 2011 | 28.3% | 12.7% | 9.8% |
| 2012 | 26.1% | 10.8% | 10.1% |
| 2013 | 26.0% | 9.1% | 8.9% |
| 2014 | 26.9% | 9.7% | 8.3% |
| 2015 | 27.4% | 10.9% | 8.6% |
| 2016 | 30.9% | 14.1% | 11.1% |
| 2017 | 32.0% | 14.5% | 12.7% |
| 2018 | 30.8% | 15.0% | 11.7% |
| 2019 | 29.5% | 13.2% | 10.3% |
| 2020 | 30.8% | 11.3% | 12.6% |
| 2021 | 28.3% | 11.1% | 9.6% |
| 2022 | 27.5% | 9.6% | 8.0% |
| 2023 | 28.8% | 10.2% | 8.3% |
| 2024 | 31.8% | 12.2% | 10.0% |
| 2025 | 33.6% | 12.7% | 10.8% |
| 2026 | 25.4% | 13.1% | 12.1% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 34.7% | 25.5% | 20.2% |
| 2008 | 32.4% | 35.4% | 19.1% |
| 2009 | 33.7% | 37.9% | 21.1% |
| 2010 | 64.4% | 83.9% | 26.2% |
| 2011 | 65.2% | 67.0% | 17.8% |
| 2012 | 55.4% | 67.0% | 24.0% |
| 2013 | 42.3% | 81.2% | 22.0% |
| 2014 | 37.4% | 71.0% | 20.8% |
| 2015 | 36.2% | 63.0% | 22.2% |
| 2016 | 35.6% | 57.9% | 24.4% |
| 2017 | 34.7% | 51.5% | 23.4% |
| 2018 | 31.1% | 53.5% | 21.4% |
| 2019 | 26.2% | 35.9% | 18.6% |
| 2020 | 25.3% | 25.7% | 18.5% |
| 2021 | 18.9% | 26.5% | 12.6% |
| 2022 | 14.6% | 21.1% | 10.3% |
| 2023 | 16.9% | 21.0% | 11.7% |
| 2024 | 21.2% | 25.2% | 14.3% |
| 2025 | 22.7% | 28.9% | 15.4% |
| 2026 | 26.6% | 42.7% | 17.2% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 10 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.