{"id":344357,"date":"2026-11-12T10:10:21","date_gmt":"2026-11-12T04:40:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344357"},"modified":"2026-11-12T10:10:21","modified_gmt":"2026-11-12T04:40:21","slug":"hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/","title":{"rendered":"Hero MotoCorp Share Price: 19.8% CAGR in 3 Years as the Motorcycle Leader Faces TVS Motor and Eicher Motors"},"content":{"rendered":"<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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Hero_MotoCorp_Share_Price_198_CAGR_in_3_Years_as_the_Motorcycle_Leader_Faces_TVS_Motor_and_Eicher_Motors\" title=\"Hero MotoCorp Share Price: 19.8% CAGR in 3 Years as the Motorcycle Leader Faces TVS Motor and Eicher Motors\">Hero MotoCorp Share Price: 19.8% CAGR in 3 Years as the Motorcycle Leader Faces TVS Motor and Eicher Motors<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#How_Much_Has_the_Hero_MotoCorp_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Hero MotoCorp Share Price Returned in 3 Years?\">How Much Has the Hero MotoCorp Share Price Returned in 3 Years?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Hero_MotoCorp_vs_Eicher_Motors_and_TVS_Motor_Company_3-Year_CAGR_Compared\" title=\"Hero MotoCorp vs Eicher Motors and TVS Motor Company: 3-Year CAGR Compared\">Hero MotoCorp vs Eicher Motors and TVS Motor Company: 3-Year CAGR Compared<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#What_Is_Driving_the_Hero_MotoCorp_Stock\" title=\"What Is Driving the Hero MotoCorp Stock?\">What Is Driving the Hero MotoCorp Stock?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#How_to_Compare_Two-Wheeler_Stocks_Yourself\" title=\"How to Compare Two-Wheeler Stocks Yourself\">How to Compare Two-Wheeler Stocks Yourself<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#A_Two-Wheeler_Leader_With_the_Lowest_PE_in_the_Group\" title=\"A Two-Wheeler Leader With the Lowest P\/E in the Group\">A Two-Wheeler Leader With the Lowest P\/E in the Group<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#What_is_the_Hero_MotoCorp_share_price_today\" title=\"What is the Hero MotoCorp share price today?\">What is the Hero MotoCorp share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#What_is_the_3-year_CAGR_of_the_Hero_MotoCorp_stock\" title=\"What is the 3-year CAGR of the Hero MotoCorp stock?\">What is the 3-year CAGR of the Hero MotoCorp stock?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Is_Hero_MotoCorp_better_than_TVS_Motor\" title=\"Is Hero MotoCorp better than TVS Motor?\">Is Hero MotoCorp better than TVS Motor?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#What_does_Hero_MotoCorp_do\" title=\"What does Hero MotoCorp do?\">What does Hero MotoCorp do?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Is_the_Hero_MotoCorp_stock_debt_free\" title=\"Is the Hero MotoCorp stock debt free?\">Is the Hero MotoCorp stock debt free?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Is_Hero_MotoCorp_expensive_compared_with_the_industry\" title=\"Is Hero MotoCorp expensive compared with the industry?\">Is Hero MotoCorp expensive compared with the industry?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#Which_two-wheeler_stock_gave_the_highest_return_in_3_years\" title=\"Which two-wheeler stock gave the highest return in 3 years?\">Which two-wheeler stock gave the highest return in 3 years?<\/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\/hero-motocorp-share-price-3-year-cagr-vs-two-wheeler-peers-tvs-motor-eicher-motors\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Hero_MotoCorp_Share_Price_198_CAGR_in_3_Years_as_the_Motorcycle_Leader_Faces_TVS_Motor_and_Eicher_Motors\"><\/span><strong>Hero MotoCorp Share Price: 19.8% CAGR in 3 Years as the Motorcycle Leader Faces TVS Motor and Eicher Motors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hero MotoCorp previous close Rs 5,345. 3-year CAGR 19.8%. Up 1.7x since 10 Nov 2023. ROE 25.64%. Market cap Rs 1,06,886 crore.<\/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;\">The <strong>Hero MotoCorp share price<\/strong> closed at Rs 5,345 on 11 November 2026, a compounded annual return of 19.8% over three years. That compares with Eicher Motors at 28.9% and TVS Motor Company at 40.8%. The company has a market cap of Rs 1,06,886 crore and a P\/E of 17.73 against an industry P\/E of 25.73.<\/p>\n<\/p><\/div>\n<p>The <strong>Hero MotoCorp share price<\/strong> has delivered a steady return over three years while the stock continues to trade at one of the lowest P\/E ratios in the two-wheeler space. Hero MotoCorp, based in New Delhi, is one of the largest two-wheeler makers in the world by volume and sells mainly motorcycles and scooters.<\/p>\n<p>This article compares that run with TVS Motor Company and Eicher Motors. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions, so that readers get a like-for-like view.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=hero-motocorp-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Hero_MotoCorp_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Hero MotoCorp Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Hero MotoCorp stock closed at Rs 3,105.20 on 10 November 2023 and at Rs 5,345.00 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.72 lakh, which is a CAGR of 19.8%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Hero MotoCorp can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Hero MotoCorp share price<\/strong> has also followed the recovery in rural demand, the steady replacement cycle for entry-level motorcycles and growing interest in the company&#8217;s electric scooter range.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hero_MotoCorp_vs_Eicher_Motors_and_TVS_Motor_Company_3-Year_CAGR_Compared\"><\/span><strong>Hero MotoCorp vs Eicher Motors and TVS Motor Company: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 10 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (11 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">TVS Motor Company<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,631.95<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 4,560.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.8x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">40.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Eicher Motors<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,540.75<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 7,592.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.1x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">28.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Hero MotoCorp<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 3,105.20<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 5,345.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.7x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">19.8%<\/td>\n<\/tr>\n<\/table>\n<p>The Hero MotoCorp stock ranks third of the three at 19.8%. The companies ahead are TVS Motor Company (40.8%) and Eicher Motors (28.9%). TVS Motor leads the group, followed by Eicher Motors and then Hero MotoCorp. Hero MotoCorp is the smallest of the three by market cap, but it trades at the lowest P\/E and its ROE sits between the other two.<\/p>\n<p>Look at the <strong>Hero MotoCorp share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><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 #bbb;padding:6px 10px;\">Rs 2,16,640 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">54.32<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">33.72%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">3.48<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/eichermot\/eicher-motors-ltd-share-price-today\">Eicher Motors<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,09,186 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">36.24<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.70<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">21.97%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/heromotoco\/hero-motocorp-ltd-share-price-today\">Hero MotoCorp<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,06,886 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">17.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.73<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">25.64%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.06<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, TVS Motor Company is the largest of the group at Rs 2,16,640 crore, while the Hero MotoCorp stock stands at Rs 1,06,886 crore, about 49% of that size. On earnings, Hero MotoCorp shares trade at a P\/E of 17.73 against an industry P\/E of 25.73, a discount of about 31% to the sector, which leaves room if earnings keep growing. Peer multiples are Eicher Motors at 36.24 and TVS Motor Company at 54.32.<\/p>\n<p>Return on equity is 25.64% for the Hero MotoCorp stock, which ranks second among the three, and debt to equity stands at 0.06. Trailing EPS is Rs 301.13. Two-wheeler makers are valued on volume growth and margins, so the P\/E should be read together with return on equity, dividend payouts and the debt position.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Hero_MotoCorp_Stock\"><\/span><strong>What Is Driving the Hero MotoCorp Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hero MotoCorp sells commuter motorcycles, premium motorcycles and scooters across India and in several export markets. Its wide dealer and service network gives it a strong reach in smaller towns and villages.<\/p>\n<p>The company has also started selling electric scooters and is building a charging and service network. Its balance sheet carries very little debt, and the business generates a high return on equity for a manufacturer.<\/p>\n<p>Followers of the <strong>Hero MotoCorp share price<\/strong> usually track monthly dispatch numbers, rural demand, the share of premium motorcycles in the mix and progress in electric vehicles.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eicher Motors is a Royal Enfield parent that sells mid-sized motorcycles in India and abroad and also holds a joint venture in commercial vehicles. It compounded at 28.9% a year, on a market cap of Rs 2,09,186 crore and an ROE of 21.97%.<\/p>\n<p>TVS Motor Company is a Chennai-based maker of motorcycles, scooters, mopeds and three-wheelers, with a growing presence in exports and electric vehicles. It compounded at 40.8% a year, on a market cap of Rs 2,16,640 crore and an ROE of 33.72%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Hero MotoCorp share price<\/strong>. First, monthly volume trends in motorcycles and scooters. Second, the pace at which premium models add to the mix. Third, the growth of electric scooter sales.<\/p>\n<p>At a P\/E of 18, the stock trades well below the industry P\/E of 26, and its debt to equity of 0.06 is very low. Demand can shift with fuel prices and festive buying, so follow monthly numbers closely.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of two-wheeler stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Two-Wheeler_Stocks_Yourself\"><\/span><strong>How to Compare Two-Wheeler Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Hero MotoCorp stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Hero MotoCorp share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\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 the <strong>Hero MotoCorp share price<\/strong> and compare auto stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Two-Wheeler_Leader_With_the_Lowest_PE_in_the_Group\"><\/span><strong>A Two-Wheeler Leader With the Lowest P\/E in the Group<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Hero MotoCorp share price<\/strong> compounded at 19.8% a year over three years, behind Eicher Motors at 28.9% and TVS Motor at 40.8%. Its P\/E of 17.73 is the lowest of the three and its ROE is 25.64%.<\/p>\n<p>TVS Motor brings the fastest return and the highest ROE, while Eicher Motors brings a premium motorcycle focus. The choice depends on whether you prefer a lower multiple or faster growth.<\/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=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Hero_MotoCorp_share_price_today\"><\/span><strong>What is the Hero MotoCorp share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp closed at Rs 5,345 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,06,886 crore and a P\/E of 17.73. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Hero_MotoCorp_stock\"><\/span><strong>What is the 3-year CAGR of the Hero MotoCorp stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp delivered a price CAGR of 19.8% over three years, moving from Rs 3,105.20 on 10 November 2023 to Rs 5,345.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Hero_MotoCorp_better_than_TVS_Motor\"><\/span><strong>Is Hero MotoCorp better than TVS Motor?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TVS Motor delivered a higher three-year CAGR at 40.8% than Hero MotoCorp at 19.8%. TVS Motor is larger by market cap at Rs 2,16,640 crore against Rs 1,06,886 crore and has a higher ROE at 33.72% against 25.64%, while Hero MotoCorp trades at a much lower P\/E of 17.73 against 54.32. The better choice depends on your view of each business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Hero_MotoCorp_do\"><\/span><strong>What does Hero MotoCorp do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp is a New Delhi-based two-wheeler company that makes motorcycles and scooters and sells them across India and in export markets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Hero_MotoCorp_stock_debt_free\"><\/span><strong>Is the Hero MotoCorp stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Hero MotoCorp stock is 0.06 and its return on equity is 25.64%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Hero_MotoCorp_expensive_compared_with_the_industry\"><\/span><strong>Is Hero MotoCorp expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hero MotoCorp trades at a P\/E of 17.73 against an industry P\/E of 25.73. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_two-wheeler_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which two-wheeler stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, TVS Motor Company delivered the highest three-year CAGR at 40.8%, followed by Eicher Motors at 28.9%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Hero MotoCorp share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp closed at Rs 5,345 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,06,886 crore and a P\/E of 17.73. Check live quotes before acting, as prices change every trading day.\"}},{\"@type\":\"Question\",\"name\":\"What is the 3-year CAGR of the Hero MotoCorp stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp delivered a price CAGR of 19.8% over three years, moving from Rs 3,105.20 on 10 November 2023 to Rs 5,345.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Is Hero MotoCorp better than TVS Motor?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"TVS Motor delivered a higher three-year CAGR at 40.8% than Hero MotoCorp at 19.8%. TVS Motor is larger by market cap at Rs 2,16,640 crore against Rs 1,06,886 crore and has a higher ROE at 33.72% against 25.64%, while Hero MotoCorp trades at a much lower P\/E of 17.73 against 54.32. The better choice depends on your view of each business.\"}},{\"@type\":\"Question\",\"name\":\"What does Hero MotoCorp do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp is a New Delhi-based two-wheeler company that makes motorcycles and scooters and sells them across India and in export markets.\"}},{\"@type\":\"Question\",\"name\":\"Is the Hero MotoCorp stock debt free?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The debt to equity ratio of the Hero MotoCorp stock is 0.06 and its return on equity is 25.64%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.\"}},{\"@type\":\"Question\",\"name\":\"Is Hero MotoCorp expensive compared with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hero MotoCorp trades at a P\/E of 17.73 against an industry P\/E of 25.73. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.\"}},{\"@type\":\"Question\",\"name\":\"Which two-wheeler stock gave the highest return in 3 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Among the companies compared here, TVS Motor Company delivered the highest three-year CAGR at 40.8%, followed by Eicher Motors at 28.9%. Past returns do not guarantee future performance.\"}},{\"@type\":\"Question\",\"name\":\"How do I calculate CAGR for a stock?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hero MotoCorp share price compounded at 19.8% a year over 3 years. See how it compares with TVS Motor and Eicher Motors on returns, valuation and ROE.<\/p>\n","protected":false},"author":34,"featured_media":344356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[411,22329,22328,21799],"class_list":["post-344357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-hero-motocorp-share-price","tag-hero-motocorp-stock","tag-hero-motocorp-vs-tvs-motor","tag-two-wheeler-stocks-3-year-return"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344356"],"rank_math_title":["Hero MotoCorp Share Price: 19.8% CAGR vs TVS, Eicher"],"rank_math_description":["Hero MotoCorp share price compounded at 19.8% a year over 3 years. See how it compares with TVS Motor and Eicher Motors on returns, valuation and ROE."],"rank_math_focus_keyword":["Hero MotoCorp share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/hero-motocorp-share-price-19-8-cagr-in-3-years-as-the-motorcycle-leader-faces.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344357"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344357\/revisions"}],"predecessor-version":[{"id":344358,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344357\/revisions\/344358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344356"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}