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Hero Motors Limited

NSE:HEROMOTORSProducer ManufacturingNSE:NIFTY_IPO

₹136.34−8.64%At closeAt close · Mon 19 Oct · ≈ AED 5.26 · Market cap $712.21M

Ratio	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Gross margin	10.8%	10.2%	8.6%	13.7%	11.7%	−2.0 pts
Operating margin	8.2%	6.0%	3.5%	4.8%	6.1%	+1.3 pts
Net margin	10.9%	3.9%	1.3%	2.3%	3.7%	+1.4 pts
EBITDA margin	10.0%	7.7%	6.2%	8.3%	10.0%	+1.7 pts
Return on equity	61.6%	12.4%	3.7%	6.2%	9.6%	+3.4 pts
Return on assets	14.0%	4.0%	1.2%	2.1%	3.1%	+1.0 pts
Return on capital employed	29.0%	12.2%	6.3%	7.7%	9.6%	+1.9 pts
Debt / equity	1.7×	0.9×	1.0×	1.1×	1.1×	−3.3%
Debt / assets	37.6%	30.3%	33.1%	38.2%	35.2%	−2.9 pts
Interest coverage	5.1×	2.7×	1.4×	1.4×	1.9×	+38.5%
Current ratio	1.1×	1.2×	1.1×	1.0×	0.9×	−6.0%
Quick ratio	0.7×	0.8×	0.7×	0.6×	0.6×	−2.1%
Cash ratio	0.1×	0.0×	0.1×	0.0×	0.0×	+89.6%
Asset turnover	1.3×	1.0×	1.0×	0.9×	0.8×	−7.4%
Inventory turnover	5.2×	4.6×	5.2×	4.7×	4.8×	+1.6%
Receivables turnover	4.0×	3.6×	4.9×	4.3×	3.8×	−12.4%
Dividend payout	0.0%	0.0%	69.7%	37.4%	0.0%	−37.4 pts