{"id":289402,"date":"2026-10-06T11:43:13","date_gmt":"2026-10-06T06:13:13","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=289402"},"modified":"2026-10-06T11:43:13","modified_gmt":"2026-10-06T06:13:13","slug":"two-wheeler-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/","title":{"rendered":"3 Two-Wheeler Stocks With a Strong Future Roadmap: Hero MotoCorp, Bajaj Auto and TVS Motor Company"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hero MotoCorp Rs 5,089.50, P\/E 18.53. Bajaj Auto Rs 10,024.00, P\/E 23.86. TVS Motor Rs 4,031.00, P\/E 53.06. Closing prices of 5 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Two-wheeler stocks with the clearest long-term roadmaps today include Hero MotoCorp in entry-level and commuter motorcycles with a growing premium range, Bajaj Auto in motorcycles, three-wheelers and electric scooters with strong exports and TVS Motor Company in scooters, motorcycles and electric two-wheelers across domestic and export markets. FY26 revenue growth was 15.5% at Hero MotoCorp, 24.0% at Bajaj Auto and 27.0% at TVS Motor. P\/E stands at 18.53 for Hero MotoCorp (industry 23.82), 23.86 for Bajaj Auto (industry 23.82) and 53.06 for TVS Motor (industry 23.82). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Two-wheeler stocks give investors exposure to everyday mobility in India, where motorcycles and scooters are the most common vehicles. Results depend on volumes, product mix and raw material costs, which is why rural demand and premium models matter as much as headline growth.<\/p>\n<p>This list covers three two-wheeler company stocks: Hero MotoCorp for entry-level and commuter motorcycles with a growing premium range, Bajaj Auto for motorcycles, three-wheelers and electric scooters with strong exports and TVS Motor Company for scooters, motorcycles and electric two-wheelers across domestic and export markets. Every figure comes from the latest reported financials and the 5 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=two-wheeler-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#What_Are_Two-Wheeler_Stocks\" title=\"What Are Two-Wheeler Stocks?\">What Are Two-Wheeler Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Two-Wheeler_Stocks_at_a_Glance\" title=\"Two-Wheeler Stocks at a Glance\">Two-Wheeler Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Why_Do_Two-Wheeler_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Two-Wheeler Stocks Have a Strong Roadmap in India?\">Why Do Two-Wheeler Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Hero_MotoCorp_Commuter_Leadership_and_Premium_Models_Anchor_the_Roadmap\" title=\"Hero MotoCorp: Commuter Leadership and Premium Models Anchor the Roadmap\">Hero MotoCorp: Commuter Leadership and Premium Models Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Bajaj_Auto_Premium_Motorcycles_and_Exports_Drive_the_Pipeline\" title=\"Bajaj Auto: Premium Motorcycles and Exports Drive the Pipeline\">Bajaj Auto: Premium Motorcycles and Exports Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#TVS_Motor_Company_Scooters_Electric_Models_and_Exports_Build_the_Next_Leg\" title=\"TVS Motor Company: Scooters, Electric Models and Exports Build the Next Leg\">TVS Motor Company: Scooters, Electric Models and Exports Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Best_Two-Wheeler_Stocks_in_India_Hero_MotoCorp_vs_Bajaj_Auto_vs_TVS_Motor_on_Key_Financials\" title=\"Best Two-Wheeler Stocks in India: Hero MotoCorp vs Bajaj Auto vs TVS Motor on Key Financials\">Best Two-Wheeler Stocks in India: Hero MotoCorp vs Bajaj Auto vs TVS Motor on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#How_to_Evaluate_Motorcycle_and_Scooter_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Motorcycle and Scooter Stocks to Buy Before You Invest\">How to Evaluate Motorcycle and Scooter Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Two-Wheeler_Stocks\" title=\"Risks to Consider Before Investing in Two-Wheeler Stocks\">Risks to Consider Before Investing in Two-Wheeler Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#FAQs_on_Two-Wheeler_Stocks\" title=\"FAQs on Two-Wheeler Stocks\">FAQs on Two-Wheeler Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Which_are_the_best_two-wheeler_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best two-wheeler stocks in India with a strong roadmap?\">Which are the best two-wheeler stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Is_Hero_MotoCorp_a_good_stock_to_buy_now\" title=\"Is Hero MotoCorp a good stock to buy now?\">Is Hero MotoCorp a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_Hero_MotoCorp_Bajaj_Auto_and_TVS_Motor\" title=\"What is the P\/E ratio of Hero MotoCorp, Bajaj Auto and TVS Motor?\">What is the P\/E ratio of Hero MotoCorp, Bajaj Auto and TVS Motor?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Which_of_these_two-wheeler_stocks_has_the_highest_return_on_equity\" title=\"Which of these two-wheeler stocks has the highest return on equity?\">Which of these two-wheeler stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_two-wheeler_stocks\" title=\"What are the risks of investing in two-wheeler stocks?\">What are the risks of investing in two-wheeler stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#How_did_Hero_MotoCorp_Bajaj_Auto_and_TVS_Motor_perform_in_Q1_FY27\" title=\"How did Hero MotoCorp, Bajaj Auto and TVS Motor perform in Q1 FY27?\">How did Hero MotoCorp, Bajaj Auto and TVS Motor perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#Do_two-wheeler_stocks_pay_dividends\" title=\"Do two-wheeler stocks pay dividends?\">Do two-wheeler stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/two-wheeler-stocks-strong-roadmap\/#How_can_I_invest_in_two-wheeler_stocks_in_India\" title=\"How can I invest in two-wheeler stocks in India?\">How can I invest in two-wheeler stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Two-Wheeler_Stocks\"><\/span><strong>What Are Two-Wheeler Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Two-wheeler stocks are shares of companies that make motorcycles, scooters and electric two-wheelers. Results depend on rural and urban demand, product mix, exports and commodity costs, so market share and the pace of premium and electric launches separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Two-Wheeler_Stocks_at_a_Glance\"><\/span><strong>Two-Wheeler Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three two-wheeler stocks as of the 5 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/heromotoco\/hero-motocorp-ltd-share-price-today\">Hero MotoCorp<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,089.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,01,672<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.53<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.57%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.04<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bajaj-auto\/bajaj-auto-ltd-share-price-today\">Bajaj Auto<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,024.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,75,697<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.67%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.58<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tvsmotor\/tvs-motor-company-ltd-share-price-today\">TVS Motor Company<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,031.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,91,080<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.06<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.56%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.43<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among two-wheeler company stocks, Hero MotoCorp trades below the industry P\/E, while Bajaj Auto and TVS Motor trade at a premium to the industry multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Two-Wheeler_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Two-Wheeler Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Two-wheeler stocks have a strong roadmap in India because vehicle ownership is still low, rising incomes lift demand for premium models and makers are entering electric vehicles and exports. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Rural and urban demand:<\/strong> Better incomes and farm earnings lift demand for entry-level motorcycles and scooters.<\/li>\n<li><strong>Premium mix:<\/strong> Buyers move to higher-priced motorcycles, which improves margins.<\/li>\n<li><strong>Electric and exports:<\/strong> New electric models and sales abroad add a second layer of growth.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Hero_MotoCorp_Commuter_Leadership_and_Premium_Models_Anchor_the_Roadmap\"><\/span><strong>Hero MotoCorp: Commuter Leadership and Premium Models Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hero MotoCorp&#8217;s roadmap rests on its leading share of commuter motorcycles, new premium models and a push into electric two-wheelers and exports.<\/p>\n<p>Revenue grew from Rs 30,106.29 crore in FY22 to Rs 48,469.37 crore in FY26, a 61.0% rise, and FY26 revenue was 15.5% higher than FY25. FY26 net profit rose 32.0% to Rs 5,775.70 crore. Over four years, net profit rose from Rs 2,329.05 crore in FY22 to Rs 5,775.70 crore. In Q1 FY27, revenue grew 35.4% to Rs 13,586.09 crore, and net profit fell 16.9% to Rs 1,417.93 crore. Operating margin was 17.65% in FY26 and 16.47% in Q1 FY27 against 24.18% a year earlier.<\/p>\n<p>Debt to equity is 0.04 and return on equity is 26.57%. FY26 operating cash flow was Rs 8,314.62 crore against capital expenditure of Rs 1,100.10 crore. Hero MotoCorp paid a dividend of Rs 185 per share for FY26, a yield of 3.64%. At a P\/E of 18.53 against an industry P\/E of 23.82, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Q1 FY27 net profit was 16.9% lower than a year earlier and operating margin was 16.47% against 24.18%. Q1 FY27 net profit was 16.9% lower than a year earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Auto_Premium_Motorcycles_and_Exports_Drive_the_Pipeline\"><\/span><strong>Bajaj Auto: Premium Motorcycles and Exports Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Auto&#8217;s roadmap rests on premium motorcycles, a large export business across many countries, three-wheelers and its electric scooter range.<\/p>\n<p>Revenue grew from Rs 34,428.85 crore in FY22 to Rs 65,087.22 crore in FY26, a 89.0% rise, and FY26 revenue was 24.0% higher than FY25. FY26 net profit rose 44.4% to Rs 10,574.50 crore. Over four years, net profit rose from Rs 6,165.87 crore in FY22 to Rs 10,574.50 crore. In Q1 FY27, revenue grew 64.0% to Rs 22,376.69 crore, and net profit rose 44.3% to Rs 3,188.75 crore. Operating margin was 25.06% in FY26 and 24.99% in Q1 FY27 against 26.11% a year earlier.<\/p>\n<p>Debt to equity is 0.58 and return on equity is 27.67%. FY26 operating cash flow was Rs 2,596.60 crore against capital expenditure of Rs 722.32 crore. Bajaj Auto paid a dividend of Rs 150 per share for FY26, a yield of 1.52%. At a P\/E of 23.86 against an industry P\/E of 23.82, the stock trades above its industry multiple.<\/p>\n<p>What to watch: FY25 operating cash flow was negative and FY26 operating cash flow of Rs 2,596.6 crore was well below net profit of Rs 10,574.5 crore, so cash conversion needs tracking. The P\/E of 23.86 sits above the industry P\/E of 23.82, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TVS_Motor_Company_Scooters_Electric_Models_and_Exports_Build_the_Next_Leg\"><\/span><strong>TVS Motor Company: Scooters, Electric Models and Exports Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TVS Motor&#8217;s roadmap rests on a strong scooter and motorcycle range, a growing electric two-wheeler line and rising exports to many markets.<\/p>\n<p>Revenue grew from Rs 24,388.18 crore in FY22 to Rs 56,091.53 crore in FY26, a 130.0% rise, and FY26 revenue was 27.0% higher than FY25. FY26 net profit rose 35.6% to Rs 3,186.43 crore. Over four years, net profit rose from Rs 730.88 crore in FY22 to Rs 3,186.43 crore. In Q1 FY27, revenue grew 34.3% to Rs 16,453.72 crore, and net profit rose 64.5% to Rs 1,057.61 crore. Operating margin was 14.85% in FY26 and 15.35% in Q1 FY27 against 15.09% a year earlier.<\/p>\n<p>Debt to equity is 3.43 and return on equity is 31.56%. FY26 operating cash flow was Rs 1,866.59 crore against capital expenditure of Rs 3,235.08 crore. TVS Motor paid a dividend of Rs 12 per share for FY26, a yield of 0.30%. At a P\/E of 53.06 against an industry P\/E of 23.82, the stock trades above its industry multiple.<\/p>\n<p>What to watch: Debt to equity of 3.43 is high, and FY26 capital expenditure of Rs 3,235.08 crore was well above operating cash flow. The P\/E of 53.06 sits above the industry P\/E of 23.82, so earnings delivery matters for the valuation; debt to equity of 3.43 deserves tracking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Two-Wheeler_Stocks_in_India_Hero_MotoCorp_vs_Bajaj_Auto_vs_TVS_Motor_on_Key_Financials\"><\/span><strong>Best Two-Wheeler Stocks in India: Hero MotoCorp vs Bajaj Auto vs TVS Motor on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best two-wheeler stocks in India, Bajaj Auto leads on FY26 operating margin and Q1 FY27 revenue growth; TVS Motor leads on five-year revenue growth and return on equity; Hero MotoCorp leads on the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Hero MotoCorp<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Bajaj Auto<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">TVS Motor<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48,469.37<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">65,087.22<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">56,091.53<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">89.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">130.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,775.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,574.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,186.43<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">32.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.65%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.06%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.85%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">64.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-16.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">64.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.57%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.67%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.56%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.53<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.06<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.04<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.58<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.43<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.64%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.52%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.30%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,314.62<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,596.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,866.59<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Two-wheeler demand is seasonal and tied to festive sales, so a quarter should be read with the full-year trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Motorcycle_and_Scooter_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Motorcycle and Scooter Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen two-wheeler stocks and shortlist motorcycle and scooter stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 23.82 for all three here.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these two-wheeler stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Two-Wheeler_Stocks\"><\/span><strong>Risks to Consider Before Investing in Two-Wheeler Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Valuation:<\/strong> TVS Motor trades at 53.06 times earnings against an industry multiple of 23.82, so slower growth can weigh on the stock.<\/li>\n<li><strong>Input costs:<\/strong> Metals, rubber and chip costs can squeeze margins.<\/li>\n<li><strong>Demand swings:<\/strong> Weak rural demand or a poor festive season can hold back volumes.<\/li>\n<li><strong>Electric competition:<\/strong> New electric players compete on price and features.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Hero MotoCorp, Bajaj Auto and TVS Motor live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three motorcycle and scooter stocks cover commuter motorcycles with premium models, motorcycles with exports and electric scooters, and scooters with electric models and exports. Bajaj Auto leads on FY26 operating margin and Q1 FY27 revenue growth; TVS Motor leads on five-year revenue growth and return on equity; Hero MotoCorp leads on the lowest P\/E.<\/p>\n<p>Across two-wheeler company stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the motorcycle and scooter stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Two-Wheeler_Stocks\"><\/span><strong>FAQs on Two-Wheeler Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_two-wheeler_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best two-wheeler stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp, Bajaj Auto and TVS Motor Company stand out for their roadmaps in motorcycles, scooters and electric two-wheelers. FY26 revenue growth was 15.5% at Hero MotoCorp, 24.0% at Bajaj Auto and 27.0% at TVS Motor, and return on equity ranges from 26.57% to 31.56%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Hero_MotoCorp_a_good_stock_to_buy_now\"><\/span><strong>Is Hero MotoCorp a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp has a debt to equity ratio of 0.04, a return on equity of 26.57% and a P\/E of 18.53 against an industry P\/E of 23.82. Input costs, demand swings and electric competition move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Hero_MotoCorp_Bajaj_Auto_and_TVS_Motor\"><\/span><strong>What is the P\/E ratio of Hero MotoCorp, Bajaj Auto and TVS Motor?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 18.53 for Hero MotoCorp (industry 23.82), 23.86 for Bajaj Auto (industry 23.82) and 53.06 for TVS Motor (industry 23.82). Only Bajaj Auto and TVS Motor trade at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_two-wheeler_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these two-wheeler stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor Company has the highest return on equity at 31.56%, followed by Bajaj Auto at 27.67% and Hero MotoCorp at 26.57%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_two-wheeler_stocks\"><\/span><strong>What are the risks of investing in two-wheeler stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are higher input costs, weak rural or festive demand, competition from electric players and valuation. TVS Motor trades at 53.06 times earnings against an industry multiple of 23.82, and Hero&#8217;s Q1 FY27 profit was 16.9% lower than a year earlier.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Hero_MotoCorp_Bajaj_Auto_and_TVS_Motor_perform_in_Q1_FY27\"><\/span><strong>How did Hero MotoCorp, Bajaj Auto and TVS Motor perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp reported revenue of Rs 13,586.09 crore, up 35.4% year on year, and net profit fell 16.9% to Rs 1,417.93 crore. Bajaj Auto reported revenue of Rs 22,376.69 crore, up 64.0% year on year, and net profit rose 44.3% to Rs 3,188.75 crore. TVS Motor Company reported revenue of Rs 16,453.72 crore, up 34.3% year on year, and net profit rose 64.5% to Rs 1,057.61 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_two-wheeler_stocks_pay_dividends\"><\/span><strong>Do two-wheeler stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 3.64% for Hero MotoCorp, 1.52% for Bajaj Auto and 0.30% for TVS Motor, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_two-wheeler_stocks_in_India\"><\/span><strong>How can I invest in two-wheeler stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy two-wheeler stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best two-wheeler stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp, Bajaj Auto and TVS Motor Company stand out for their roadmaps in motorcycles, scooters and electric two-wheelers. FY26 revenue growth was 15.5% at Hero MotoCorp, 24.0% at Bajaj Auto and 27.0% at TVS Motor, and return on equity ranges from 26.57% to 31.56%.\"}},{\"@type\":\"Question\",\"name\":\"Is Hero MotoCorp a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp has a debt to equity ratio of 0.04, a return on equity of 26.57% and a P\/E of 18.53 against an industry P\/E of 23.82. Input costs, demand swings and electric competition move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of Hero MotoCorp, Bajaj Auto and TVS Motor?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The P\/E ratio is 18.53 for Hero MotoCorp (industry 23.82), 23.86 for Bajaj Auto (industry 23.82) and 53.06 for TVS Motor (industry 23.82). Only Bajaj Auto and TVS Motor trade at or above the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these two-wheeler stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"TVS Motor Company has the highest return on equity at 31.56%, followed by Bajaj Auto at 27.67% and Hero MotoCorp at 26.57%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in two-wheeler stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are higher input costs, weak rural or festive demand, competition from electric players and valuation. TVS Motor trades at 53.06 times earnings against an industry multiple of 23.82, and Hero's Q1 FY27 profit was 16.9% lower than a year earlier.\"}},{\"@type\":\"Question\",\"name\":\"How did Hero MotoCorp, Bajaj Auto and TVS Motor perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp reported revenue of Rs 13,586.09 crore, up 35.4% year on year, and net profit fell 16.9% to Rs 1,417.93 crore. Bajaj Auto reported revenue of Rs 22,376.69 crore, up 64.0% year on year, and net profit rose 44.3% to Rs 3,188.75 crore. TVS Motor Company reported revenue of Rs 16,453.72 crore, up 34.3% year on year, and net profit rose 64.5% to Rs 1,057.61 crore.\"}},{\"@type\":\"Question\",\"name\":\"Do two-wheeler stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, all three companies pay dividends. The dividend yield is 3.64% for Hero MotoCorp, 1.52% for Bajaj Auto and 0.30% for TVS Motor, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in two-wheeler stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy two-wheeler stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hero MotoCorp, Bajaj Auto and TVS Motor Company compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":29,"featured_media":289401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[7025,783,8602,8465,5260],"class_list":["post-289402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-bajaj-auto","tag-hero-motocorp","tag-motorcycle-and-scooter-stocks","tag-tvs-motor-company","tag-two-wheeler-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["289401"],"rank_math_title":["Two-Wheeler Stocks: Hero MotoCorp, Bajaj Auto, TVS Motor Roadmap"],"rank_math_description":["Two-wheeler stocks with a strong roadmap: Hero MotoCorp, Bajaj Auto and TVS Motor Company compared on growth, margins, valuation and risks. 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