TVS Motor Company Limited vs Hero MotoCorp Limited
An objective side-by-side of TVSMOTOR and HEROMOTOCO, both in Automobiles - Motorcycles / Mopeds: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: TVSMOTOR Jun 2026 · HEROMOTOCO Mar 2026
At a glance
- TVS Motor Company Limited is the larger company by market value, about 1.8 times the size of Hero MotoCorp Limited.
- On trailing earnings, Hero MotoCorp Limited trades at the lower P/E (18.8 against 54.8).
- TVS Motor Company Limited earns the higher return on equity (37.7% against 26.7%).
- Over three years TVS Motor Company Limited has grown profits faster (33% a year against 29%).
- Over the past year the share prices returned +19.5% (TVSMOTOR) and +2.5% (HEROMOTOCO).
| Metric | TVS Motor TVSMOTOR |
Hero MotoCorp HEROMOTOCO |
|---|---|---|
| Size and price | ||
| Market cap | ₹197,456 Cr | ₹108,457 Cr |
| Share price | ₹4,155 | ₹5,419 |
| Valuation | ||
| P/E | 54.82 | 18.78 |
| P/B | 20.64 | 5.02 |
| EV/EBITDA | 25.84 | 15.62 |
| PEG | 1.66 | 0.65 |
| Dividend yield | 0.3% | 3.4% |
| Profitability | ||
| ROE | 37.7% | 26.7% |
| ROCE | 17.0% | 36.0% |
| Operating margin | 14.8% | 14.8% |
| Sales (TTM) | ₹60,155 Cr | ₹47,411 Cr |
| Net profit (TTM) | ₹3,602 Cr | ₹5,776 Cr |
| Growth | ||
| Latest quarter sales YoY | +33.5% | +30.2% |
| Latest quarter profit YoY | +64.5% | +26.1% |
| Sales CAGR 3Y | +21.0% | +12.0% |
| Profit CAGR 3Y | +33.0% | +29.0% |
| Sales CAGR 5Y | +24.0% | +9.0% |
| Profit CAGR 5Y | +38.0% | +16.0% |
| Financial strength | ||
| Debt/Equity | 3.43 | 0.04 |
| Interest cover | 3.18 | 78.15 |
| Ownership | ||
| Promoter holding | 50.3% | 34.7% |
| Promoter change (4 qtrs) | +0.00 pp | -0.01 pp |
| Price performance | ||
| Return 1M | -5.35% | -5.60% |
| Return 3M | +19.10% | +8.73% |
| Return 1Y | +19.49% | +2.47% |
| Return YTD | +11.70% | -6.10% |
| Technical condition | ||
| Technical score | 47 | 47 |
| RS rating (1-99) | 75.00 | 56.00 |
| % vs 200-DMA | +11.03% | +0.65% |
| RSI (14) | 48.21 | 52.05 |
| % from 52-week high | -7.35% | -15.18% |
