Hero MotoCorp Limited (HEROMOTOCO) — Cash Flow Quality Index
Hero MotoCorp Limited (HEROMOTOCO) has a Cash Flow Quality Index of 1.19x as of September 2025. Operating cash flow of Rs35.82 Billion exceeds net income of Rs30.14 Billion, indicating high earnings quality where cash backs reported profits. Explore how well can Hero MotoCorp Limited service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Hero MotoCorp Limited Cash Flow Quality Index (2004–2026)
Historical Cash Flow Quality Index for Hero MotoCorp Limited across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Hero MotoCorp Limited.
Annual Cash Flow Quality Index for Hero MotoCorp Limited (2004–2026)
Year-by-year earnings quality comparison for Hero MotoCorp Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.49x | Rs85.59 Billion | Rs57.42 Billion | ▲ +51.8% |
| 2025 | 0.98x | Rs42.97 Billion | Rs43.76 Billion | ▼ -25.3% |
| 2024 | 1.31x | Rs49.23 Billion | Rs37.45 Billion | ▲ +40.8% |
| 2023 | 0.93x | Rs26.14 Billion | Rs28.00 Billion | ▲ +3.4% |
| 2022 | 0.90x | Rs21.04 Billion | Rs23.29 Billion | ▼ -35.5% |
| 2021 | 1.40x | Rs41.10 Billion | Rs29.36 Billion | ▼ -7.2% |
| 2020 | 1.51x | Rs55.18 Billion | Rs36.59 Billion | ▲ +403.1% |
| 2019 | 0.30x | Rs10.32 Billion | Rs34.44 Billion | ▼ -72.2% |
| 2018 | 1.08x | Rs40.17 Billion | Rs37.20 Billion | ▼ -4.4% |
| 2017 | 1.13x | Rs40.07 Billion | Rs35.46 Billion | ▼ -4.6% |
| 2016 | 1.18x | Rs37.22 Billion | Rs31.42 Billion | ▲ +78.5% |
| 2015 | 0.66x | Rs21.86 Billion | Rs32.92 Billion | ▼ -35.8% |
| 2014 | 1.03x | Rs29.63 Billion | Rs28.64 Billion | ▲ +38.4% |
| 2013 | 0.75x | Rs18.90 Billion | Rs25.29 Billion | ▼ -9.3% |
| 2012 | 0.82x | Rs23.60 Billion | Rs28.65 Billion | ▼ -13.4% |
| 2011 | 0.95x | Rs22.88 Billion | Rs24.05 Billion | ▲ +0.3% |
| 2010 | 0.95x | Rs26.87 Billion | Rs28.32 Billion | ▲ +24.4% |
| 2009 | 0.76x | Rs13.59 Billion | Rs17.81 Billion | ▼ -11.2% |
| 2008 | 0.86x | Rs12.12 Billion | Rs14.10 Billion | ▲ +71.3% |
| 2007 | 0.50x | Rs6.25 Billion | Rs12.46 Billion | ▼ -24.3% |
| 2006 | 0.66x | Rs9.36 Billion | Rs14.12 Billion | ▲ +8.0% |
| 2005 | 0.61x | Rs7.47 Billion | Rs12.17 Billion | ▼ -32.4% |
| 2004 | 0.91x | Rs9.73 Billion | Rs10.72 Billion | — |