Hema's first Bollywood directorial was the 1992 film "Dil Aashna Hai", after which she wielded the megaphone for the 2011 box office dud "Tell Me O Kkhuda", which featured her daughter Esha.
Over the years, women filmmakers like Zoya Akhtar, Gauri Shinde, Farah Khan and Madhureeta Anand have come to the fore.
Talking about it at an event here, Hema said: "I am so happy that there are so many woman directors coming forward and doing good films. If an opportunity comes, I would like to direct a film once again. Currently, Mathura is taking lot of my time."
Hema, who is a member of parliament from Mathura, was also asked if she feels that the Central Board of Film Certification is harsh with movies nowadays.
She said: "Socially, the world is changing. Around 10 years ago, the scenario was different. Now there is so much violence in the outside world... How we will put a full stop to it is a question. If films are influencing those things, then we or the censor board have to help to control that. It is the basic idea."