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Employees: 1,062
Size Hero Motors (HEROMOTORS.NS) is an India Industrials company (Industrial Machinery) with a market value of $578M, the 785th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹120.23 on 6 Nov 2026.
Growth Revenue grew 9.0% over the last twelve months (peer median +3.0%); the operating margin is 6.1% (peer median 6.3%).
Valuation It trades at 4.6× enterprise value to sales against a peer median of 2.7× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +33 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.6 points above its cost of capital (9.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹11.8B | ₹10.8B | ₹10.6B | ₹10.5B |
| Revenue growth | — | +9% | +2% | +1% | — |
| Gross profit | n/a | ₹1.39B | ₹1.49B | ₹910M | ₹1.07B |
| EBITDA | n/a | ₹1.18B | ₹896M | ₹653M | ₹810M |
| Net income | n/a | ₹436M | ₹252M | ₹134M | ₹406M |
| Free cash flow | n/a | ₹250M | -₹1.26B | -₹195M | -₹1.11B |
| Capital expenditure | n/a | ₹922M | ₹1.52B | ₹1.33B | ₹1.38B |
| Total debt | n/a | ₹4.92B | ₹4.53B | ₹3.55B | ₹3.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HEROMOTORS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.6% | -12.5% | 4th lowest of 21 |
| Distance from 52-week high | -32.8% | -41.4% | 6th highest of 21 |
| Revenue growth (TTM) | +9.0% | +3.0% | 9th highest of 21 |
| Operating margin | 6.1% | 6.3% | 10th lowest of 21 |
| EV / Sales | 4.6× | 2.7× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 37.3% | 8.0% | most demanding of 12 |
| Growth delivered (Del g) | +4.0% | +8.5% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | +33.3 pp | +1.4 pp | most demanding of 12 |
| ROIC minus cost of capital | +2.6 pp | -2.8 pp | 7th highest of 21 |
| EV / EBITDA | 46.3× | 16.5× | most expensive of 8 |
| Net debt / EBITDA | 3.8× | -0.2× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hero Motors HEROMOTORS.NS | India | $578M | n/a | +9% | 6% | 4.6× | 37.3% | +4.0% |
| Jiangsu Liba Enterprise Joint-Stock 603519.SS | China | $578M | 0% | 0% | 10% | 2.1× | 14.8% | +5.4% |
| Beijing Jingcheng Machinery Electric 600860.SS | China | $576M | -24% | -5% | -8% | 3.0× | n/a | n/a |
| Shang Gong 600843.SS | China | $575M | -17% | +2% | -5% | 1.0× | n/a | n/a |
| Schweiter Technologies SWTQ.SW | Switzerland | $581M | +19% | -12% | 4% | 0.6× | -3.5% | -4.9% |
| Gallant Micro Machining 6640.TWO | Taiwan | $575M | -53% | +39% | 19% | 4.8× | 8.0% | +25.1% |
| Jiangyin PIVOT Automotive Products 301181.SZ | China | $582M | -25% | -9% | 16% | 7.2× | 22.5% | -2.9% |
| Wuxi Delinhai Environmental Technology 688069.SS | China | $586M | -8% | +18% | 5% | 6.8× | n/a | n/a |
| Canature Health Technology 300272.SZ | China | $587M | -30% | +4% | 9% | 2.4× | 3.4% | +9.3% |
| Noblelift Intelligent Equipment 603611.SS | China | $569M | -23% | +4% | 7% | 0.7× | -6.0% | +10.5% |
| Kangping Technology (Suzhou) 300907.SZ | China | $588M | +33% | +37% | 6% | 2.9× | n/a | n/a |
| Hangzhou Huaguang Advanced Welding Materials 688379.SS | China | $567M | -39% | +62% | 6% | 1.6× | n/a | n/a |
| GMT Global 4573.TWO | Taiwan | $589M | -14% | -3% | -19% | 31.9× | n/a | n/a |
| VM Inc. 089970.KS | South Korea | $590M | -44% | +150% | 27% | 2.5× | -0.3% | +9.2% |
| Nanjing Comptech Composites 301591.SZ | China | $593M | +18% | +10% | 14% | 7.7× | n/a | n/a |
| WPG (Shanghai) Smart Water Public 603956.SS | China | $563M | +13% | -24% | -39% | 4.7× | n/a | n/a |
| Nantong Guosheng Intelligence Technology 688558.SS | China | $562M | -20% | +17% | 12% | 2.1× | 15.7% | +11.5% |
| Jiangsu Beiren Smart Manufacturing Technology 688218.SS | China | $562M | -5% | -10% | -10% | 6.5× | 21.9% | +1.6% |
| Zhejiang Langdi 603726.SS | China | $597M | -14% | -9% | 10% | 2.5× | 9.6% | +5.4% |
| Shibaura Machine 6104.T | Japan | $597M | +2% | -22% | 2% | 0.5× | n/a | n/a |
| Lohia LCL.NS | India | $556M | n/a | +24% | 15% | 3.0× | 3.9% | +8.5% |