Hero MotoCorp Limited (HEROMOTOCO) - Net Assets
Based on the latest financial reports, Hero MotoCorp Limited (HEROMOTOCO) has net assets worth Rs218.11 Billion INR (≈ $2.36 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs334.53 Billion ≈ $3.62 Billion USD) and total liabilities (Rs116.42 Billion ≈ $1.26 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HEROMOTOCO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs218.11 Billion |
| % of Total Assets | 65.2% |
| Annual Growth Rate | 14.36% |
| 5-Year Change | 36.36% |
| 10-Year Change | 110.07% |
| Growth Volatility | 13.77 |
Hero MotoCorp Limited - Net Assets Trend (2004–2026)
This chart illustrates how Hero MotoCorp Limited's net assets have evolved over time, based on quarterly financial data. See Hero MotoCorp Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hero MotoCorp Limited (2004–2026)
The table below shows the annual net assets of Hero MotoCorp Limited from 2004 to 2026. For live valuation and market cap data, see HEROMOTOCO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs218.11 Billion ≈ $2.36 Billion |
+12.40% |
| 2025-03-31 | Rs194.04 Billion ≈ $2.10 Billion |
+8.80% |
| 2024-03-31 | Rs178.35 Billion ≈ $1.93 Billion |
+6.28% |
| 2023-03-31 | Rs167.81 Billion ≈ $1.81 Billion |
+4.91% |
| 2022-03-31 | Rs159.95 Billion ≈ $1.73 Billion |
+2.80% |
| 2021-03-31 | Rs155.60 Billion ≈ $1.68 Billion |
+6.96% |
| 2020-03-31 | Rs145.47 Billion ≈ $1.57 Billion |
+9.90% |
| 2019-03-31 | Rs132.37 Billion ≈ $1.43 Billion |
+9.71% |
| 2018-03-31 | Rs120.65 Billion ≈ $1.30 Billion |
+16.20% |
| 2017-03-31 | Rs103.83 Billion ≈ $1.12 Billion |
+16.81% |
| 2016-03-31 | Rs88.89 Billion ≈ $961.28 Million |
+35.53% |
| 2015-03-31 | Rs65.59 Billion ≈ $709.28 Million |
+16.63% |
| 2014-03-31 | Rs56.23 Billion ≈ $608.16 Million |
+12.49% |
| 2013-03-31 | Rs49.99 Billion ≈ $540.61 Million |
+16.53% |
| 2012-03-31 | Rs42.90 Billion ≈ $463.93 Million |
+45.12% |
| 2011-03-31 | Rs29.56 Billion ≈ $319.69 Million |
-14.69% |
| 2010-03-31 | Rs34.65 Billion ≈ $374.73 Million |
-8.83% |
| 2009-03-31 | Rs38.01 Billion ≈ $411.04 Million |
+27.28% |
| 2008-03-31 | Rs29.86 Billion ≈ $322.95 Million |
+20.90% |
| 2007-03-31 | Rs24.70 Billion ≈ $267.13 Million |
+22.93% |
| 2006-03-31 | Rs20.09 Billion ≈ $217.30 Million |
+34.55% |
| 2005-03-31 | Rs14.93 Billion ≈ $161.50 Million |
+31.14% |
| 2004-03-31 | Rs11.39 Billion ≈ $123.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hero MotoCorp Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs400.20 Million | 0.19% |
| Other Components | Rs215.71 Billion | 99.81% |
| Total Equity | Rs216.11 Billion | 100.00% |
Hero MotoCorp Limited Competitors by Market Cap
The table below lists competitors of Hero MotoCorp Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AKESO INC. O.N.
F:4RY
|
$10.89 Billion |
|
American Financial Group, Inc.
NYSE:AFG
|
$10.91 Billion |
|
Vicor Corporation
NASDAQ:VICR
|
$10.92 Billion |
|
China Communications Construction Co Ltd
SHG:601800
|
$10.92 Billion |
|
Elanco Animal Health
NYSE:ELAN
|
$10.85 Billion |
|
Max Healthcare Institute Limited
NSE:MAXHEALTH
|
$10.83 Billion |
|
King Yuan Electronics Co Ltd
TW:2449
|
$10.83 Billion |
|
Belimo Holding
SW:BEAN
|
$10.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hero MotoCorp Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 192,720,400,000 to 216,111,900,000, a change of 23,391,500,000 (12.1%).
- Net income of 57,417,300,000 contributed positively to equity growth.
- Dividend payments of 35,073,100,000 reduced retained earnings.
- New share issuances of 24,600,000 increased equity.
- Other comprehensive income decreased equity by 27,061,600,000.
- Other factors increased equity by 28,084,300,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs57.42 Billion | +26.57% |
| Dividends Paid | Rs35.07 Billion | -16.23% |
| Share Issuances | Rs24.60 Million | +0.01% |
| Other Comprehensive Income | Rs-27.06 Billion | -12.52% |
| Other Changes | Rs28.08 Billion | +13.0% |
| Total Change | Rs- | 12.14% |
Book Value vs Market Value Analysis
This analysis compares Hero MotoCorp Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 88.09x to 4.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs57.03 | Rs5024.00 | x |
| 2005-03-31 | Rs74.79 | Rs5024.00 | x |
| 2006-03-31 | Rs100.62 | Rs5024.00 | x |
| 2007-03-31 | Rs123.70 | Rs5024.00 | x |
| 2008-03-31 | Rs149.55 | Rs5024.00 | x |
| 2009-03-31 | Rs190.33 | Rs5024.00 | x |
| 2010-03-31 | Rs173.52 | Rs5024.00 | x |
| 2011-03-31 | Rs148.03 | Rs5024.00 | x |
| 2012-03-31 | Rs214.83 | Rs5024.00 | x |
| 2013-03-31 | Rs250.70 | Rs5024.00 | x |
| 2014-03-31 | Rs281.57 | Rs5024.00 | x |
| 2015-03-31 | Rs327.51 | Rs5024.00 | x |
| 2016-03-31 | Rs442.40 | Rs5024.00 | x |
| 2017-03-31 | Rs516.57 | Rs5024.00 | x |
| 2018-03-31 | Rs599.43 | Rs5024.00 | x |
| 2019-03-31 | Rs656.90 | Rs5024.00 | x |
| 2020-03-31 | Rs721.28 | Rs5024.00 | x |
| 2021-03-31 | Rs771.65 | Rs5024.00 | x |
| 2022-03-31 | Rs792.89 | Rs5024.00 | x |
| 2023-03-31 | Rs832.72 | Rs5024.00 | x |
| 2024-03-31 | Rs883.96 | Rs5024.00 | x |
| 2025-03-31 | Rs962.57 | Rs5024.00 | x |
| 2026-03-31 | Rs1080.27 | Rs5024.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hero MotoCorp Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.11%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.55x
- Recent ROE (26.57%) is below the historical average (36.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 63.95% | 12.49% | 2.19x | 2.34x | Rs6.14 Billion |
| 2005 | 54.27% | 10.92% | 2.25x | 2.21x | Rs6.61 Billion |
| 2006 | 48.34% | 11.15% | 2.25x | 1.93x | Rs7.70 Billion |
| 2007 | 34.73% | 8.67% | 2.33x | 1.72x | Rs6.11 Billion |
| 2008 | 32.41% | 9.37% | 2.04x | 1.70x | Rs6.69 Billion |
| 2009 | 33.72% | 10.40% | 2.02x | 1.60x | Rs9.02 Billion |
| 2010 | 64.41% | 14.16% | 1.85x | 2.46x | Rs18.85 Billion |
| 2011 | 65.22% | 9.79% | 1.82x | 3.67x | Rs16.32 Billion |
| 2012 | 55.44% | 10.11% | 2.38x | 2.31x | Rs19.49 Billion |
| 2013 | 42.31% | 8.92% | 2.46x | 1.93x | Rs16.18 Billion |
| 2014 | 37.40% | 8.33% | 2.49x | 1.80x | Rs15.40 Billion |
| 2015 | 36.16% | 8.61% | 2.58x | 1.63x | Rs17.11 Billion |
| 2016 | 35.57% | 11.13% | 2.19x | 1.46x | Rs22.59 Billion |
| 2017 | 34.75% | 12.67% | 1.85x | 1.48x | Rs25.53 Billion |
| 2018 | 31.08% | 11.70% | 1.83x | 1.45x | Rs25.23 Billion |
| 2019 | 26.25% | 10.30% | 1.81x | 1.41x | Rs21.32 Billion |
| 2020 | 25.25% | 12.63% | 1.46x | 1.37x | Rs21.97 Billion |
| 2021 | 18.93% | 9.58% | 1.32x | 1.50x | Rs13.76 Billion |
| 2022 | 14.62% | 8.00% | 1.29x | 1.42x | Rs7.32 Billion |
| 2023 | 16.87% | 8.33% | 1.41x | 1.44x | Rs11.44 Billion |
| 2024 | 21.16% | 9.96% | 1.44x | 1.48x | Rs19.75 Billion |
| 2025 | 22.72% | 10.75% | 1.43x | 1.47x | Rs24.51 Billion |
| 2026 | 26.57% | 12.11% | 1.42x | 1.55x | Rs35.81 Billion |
Industry Comparison
This section compares Hero MotoCorp Limited's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $158,158,001,429
- Average return on equity (ROE) among peers: -1.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hero MotoCorp Limited (HEROMOTOCO) | Rs218.11 Billion | 63.95% | 0.53x | $10.87 Billion |
| Bajaj Auto Limited (BAJAJ-AUTO) | $232.34 Billion | 21.21% | 0.24x | $30.03 Billion |
| Eicher Motors Limited (EICHERMOT) | $126.08 Billion | 13.30% | 0.28x | $22.62 Billion |
| Hindustan Motors Limited (HINDMOTORS) | $-91.34 Million | 0.00% | 0.00x | $46.19 Million |
| Hyundai Motor India Ltd (HYUNDAI) | $153.11 Billion | 12.29% | 0.75x | $17.84 Billion |
| Mahindra & Mahindra Limited (M&M) | $568.25 Billion | 11.57% | 2.06x | $40.70 Billion |
| Ola Electric Mobility Ltd (OLAELEC) | $23.56 Billion | -62.47% | 1.37x | $2.11 Billion |
| SML Isuzu Limited (SMLISUZU) | $3.85 Billion | -5.47% | 1.23x | $491.77 Million |
About Hero MotoCorp Limited
Hero MotoCorp Limited primarily engages in the manufacture and sale of motorised two wheelers in India, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines, parts, and accessories, as well as non-banking financial and other related services. The company is also involved in merchandise business… Read more