Hero MotoCorp Limited (HEROMOTOCO) — Tangible Net Worth Ratio
Hero MotoCorp Limited (HEROMOTOCO) has a Tangible Net Worth Ratio of 95.1% as of March 2026. This metric is calculated by deducting intangible assets (Rs10.66 Billion) from net assets (Rs218.11 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Hero MotoCorp Limited (HEROMOTOCO) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Hero MotoCorp Limited Tangible Net Worth Ratio (2004–2026)
This chart shows how Hero MotoCorp Limited's Tangible Net Worth Ratio has changed across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 95.1%, reflecting net assets of Rs218.11 Billion with intangible assets of Rs10.66 Billion INR. For live market cap and overall valuation, see how much is Hero MotoCorp Limited worth.
Annual Tangible Net Worth Ratio for Hero MotoCorp Limited (2004–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Hero MotoCorp Limited from 2004 to 2026, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Hero MotoCorp Limited (HEROMOTOCO) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 95.1% | Rs218.11 Billion | Rs10.66 Billion | Rs334.53 Billion | ▲ +0.1 pp |
| 2025 | 95.0% | Rs194.04 Billion | Rs9.62 Billion | Rs283.90 Billion | ▲ +0.1 pp |
| 2024 | 95.0% | Rs178.35 Billion | Rs9.01 Billion | Rs261.53 Billion | ▲ +0.0 pp |
| 2023 | 94.9% | Rs167.81 Billion | Rs8.50 Billion | Rs239.17 Billion | ▲ +0.9 pp |
| 2022 | 94.0% | Rs159.95 Billion | Rs9.57 Billion | Rs224.78 Billion | ▼ -0.5 pp |
| 2021 | 94.6% | Rs155.60 Billion | Rs8.48 Billion | Rs230.96 Billion | ▼ -3.0 pp |
| 2020 | 97.6% | Rs145.47 Billion | Rs3.55 Billion | Rs196.74 Billion | ▲ +2.0 pp |
| 2019 | 95.5% | Rs132.37 Billion | Rs5.93 Billion | Rs185.04 Billion | ▼ -1.9 pp |
| 2018 | 97.5% | Rs120.65 Billion | Rs3.06 Billion | Rs173.97 Billion | ▲ +2.7 pp |
| 2017 | 94.7% | Rs103.83 Billion | Rs5.45 Billion | Rs153.12 Billion | ▼ -0.1 pp |
| 2016 | 94.9% | Rs88.89 Billion | Rs4.57 Billion | Rs128.96 Billion | ▲ +5.4 pp |
| 2015 | 89.5% | Rs65.59 Billion | Rs6.91 Billion | Rs106.54 Billion | ▼ -4.4 pp |
| 2014 | 93.8% | Rs56.23 Billion | Rs3.46 Billion | Rs101.22 Billion | ▲ +17.4 pp |
| 2013 | 76.4% | Rs49.99 Billion | Rs11.79 Billion | Rs96.42 Billion | ▲ +24.0 pp |
| 2012 | 52.4% | Rs42.90 Billion | Rs20.42 Billion | Rs98.89 Billion | ▲ +35.4 pp |
| 2011 | 17.0% | Rs29.56 Billion | Rs24.55 Billion | Rs108.45 Billion | ▼ -81.4 pp |
| 2010 | 98.4% | Rs34.65 Billion | Rs570.20 Million | Rs85.23 Billion | ▼ -1.6 pp |
| 2009 | 100.0% | Rs38.01 Billion | Rs0.00 | Rs60.85 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | Rs29.86 Billion | Rs0.00 | Rs50.74 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | Rs24.70 Billion | Rs0.00 | Rs42.44 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | Rs20.09 Billion | Rs0.00 | Rs38.78 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | Rs14.93 Billion | Rs0.00 | Rs32.97 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | Rs11.39 Billion | Rs0.00 | Rs26.64 Billion | — |