Hero MotoCorp Limited (HEROMOTOCO.NS)

DCF Valuation · Consumer Cyclical · Auto Manufacturers

Valuation as at 2026-08-14 · see also the NIFTY 500 Most Undervalued screen

About Hero MotoCorp Limited

Hero MotoCorp Limited primarily engages in the manufacture and sale of motorised two wheelers, spare parts and related services in India, Germany, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines and accessories, as well as non-banking financial and other related services.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Hero MotoCorp Limited HEROMOTOCO.NS

Consumer Cyclical · Auto Manufacturers

Price
₹5,786.50
Market Cap
₹1158.12B
Free Cash Flow
₹72.15B
Beta
0.60
P/E (TTM)
21.4x
52-Week Range
₹4,671.50–₹6,388.50

Hero MotoCorp Limited's price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

₹5,786.50 +6% vs 2024-08
NIFTY 50 ₹5,455.40₹4,339.15₹4,237.10₹6,174.50₹5,099.00₹5,786.50 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

₹70.53 -17% vs Q2 '25
₹85.17₹65.34₹63.30₹72.91₹70.53Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per year

₹72.15B +259% vs FY23
₹20.10B₹41.35B₹34.41B₹72.15BFY23FY24FY25FY26

Dividend per share Per year

₹175.14 +75% vs FY23
₹99.91₹134.95₹139.84₹175.14FY23FY24FY25FY26

Value investing scale · Buffett · Dalio · Graham

Partial Fit
12 / 20 combined score

4 criteria had no data

See the full Buffett, Dalio & Graham breakdown for HEROMOTOCO.NS →

Intrinsic value estimate · 5-year forecast

BEAR
₹4,612.70
vs current ₹5,786.50
-20.3% ❌ Overvalued
BASE
₹5,936.24
vs current ₹5,786.50
+2.6% ⚠️ Fairly Valued
BULL
₹7,791.00
vs current ₹5,786.50
+34.6% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
₹72.15B
Rough estimate: operating cash flow × 0.8
Risk-free rate
7.00% ● LIVE
Live 10-yr govt bond
Beta
0.60
Floored for non-US stocks
Equity risk premium
7.50%
Market-specific seed
Cost of debt
7.60%
Synthetic rating AAA, ICR 79.3x
Tax rate
25.00%
Estimated default
Capital structure
E 99% / D 1%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth4.4%8.8%13.2%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)12.46%11.46%10.46%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 7.00% + 0.60 × 7.50% = 11.50% · WACC = weighted by 99%/1% capital structure

These numbers come from running Hero MotoCorp Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or HEROMOTOCO.NS's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with HEROMOTOCO.NS →

More NIFTY 500 stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the NIFTY 500 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Hero MotoCorp Limited (HEROMOTOCO.NS) undervalued?

The Base-case DCF estimates intrinsic value at ₹5,936.24 vs a price of ₹5,786.50 on 2026-08-14 — a +2.6% margin, so the Base case reads fairly valued. This is a mechanical output, not advice.