Hero MotoCorp Ltd
HEROMOTOCOHero MotoCorp Ltd
HEROMOTOCOPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
23.37 | 5.35 | 2.93% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.64 | 6.73 | 0.49% |
Forecast & Ratings
Detailed Forecast from 35 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Hero MotoCorp Limited is a two-wheeler manufacturer. The Company manufactures and sells motorized two wheelers up to 350 cubic centimeters (cc) engine capacity, spare parts and related services.
Peers
Compare with peersÂBajaj Auto Limited
TVS Motor Company Ltd
Ola Electric Mobility Ltd
Maharashtra Scooters Ltd
Wardwizard Innovations & Mobility Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 28,904.28 | 29,449.39 | 33,031.20 | 34,718.31 | 30,756.64 | 31,517.09 | 30,106.29 | 34,730.50 | 38,643.16 | 40,051.02 | ||||||||||
Raw Materials | 19,357.96 | 19,019.34 | 21,995.94 | 23,503.46 | 20,004.29 | 21,999.18 | 20,891.69 | 24,107.72 | 25,321.09 | 33,677.83 | ||||||||||
Power & Fuel Cost | 122.20 | 112.84 | 139.84 | 158.12 | 132.96 | 113.89 | 109.72 | 114.56 | 120.18 | |||||||||||
Employee Cost | 1,339.46 | 1,432.49 | 1,583.71 | 1,778.03 | 1,889.32 | 1,951.02 | 1,995.78 | 2,250.05 | 2,631.54 | |||||||||||
Selling & Administrative Expenses | 2,083.71 | 2,097.44 | 2,180.62 | 2,183.54 | 1,787.87 | 1,699.60 | 1,835.46 | 2,007.04 | 2,201.66 | |||||||||||
Operating & Other expenses | 1,156.09 | 1,372.35 | 1,233.21 | 1,329.24 | 1,438.72 | 1,142.55 | 1,472.91 | 1,585.24 | 2,444.76 | |||||||||||
EBITDA | 4,844.86 | 5,414.93 | 5,897.88 | 5,765.92 | 5,503.48 | 4,610.85 | 3,800.73 | 4,665.89 | 5,923.93 | 6,373.19 | ||||||||||
Depreciation/Amortization | 443.25 | 502.25 | 574.98 | 624.44 | 845.76 | 715.12 | 689.52 | 697.39 | 757.36 | 783.06 | ||||||||||
PBIT | 4,401.61 | 4,912.68 | 5,322.90 | 5,141.48 | 4,657.72 | 3,895.73 | 3,111.21 | 3,968.50 | 5,166.57 | 5,590.13 | ||||||||||
Interest & Other Items | 14.61 | 27.28 | 30.80 | 37.18 | 46.64 | 46.41 | 53.10 | 104.88 | 76.37 | 74.21 | ||||||||||
PBT | 4,387.00 | 4,885.40 | 5,292.10 | 5,104.30 | 4,611.08 | 3,849.32 | 3,058.11 | 3,863.62 | 5,090.20 | 5,515.92 | ||||||||||
Taxes & Other Items | 1,245.02 | 1,301.13 | 1,571.70 | 1,660.21 | 972.97 | 931.57 | 741.23 | 1,053.66 | 1,345.37 | 1,435.30 | ||||||||||
Net Income | 3,141.98 | 3,584.27 | 3,720.40 | 3,444.09 | 3,638.11 | 2,917.75 | 2,316.88 | 2,809.96 | 3,744.83 | 4,080.62 | ||||||||||
EPS | 157.34 | 179.49 | 186.30 | 172.45 | 182.15 | 146.06 | 115.97 | 140.63 | 187.35 | 204.11 | ||||||||||
DPS | 72.00 | 85.00 | 95.00 | 87.00 | 90.00 | 105.00 | 95.00 | 100.00 | 140.00 | 135.00 | ||||||||||
Payout ratio | 0.46 | 0.47 | 0.51 | 0.50 | 0.49 | 0.72 | 0.82 | 0.71 | 0.75 | 0.66 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryTwo Wheelers
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Hero MotoCorp Ltd | 25.47 | 5.35 | 2.93% |
Bajaj Auto Limited | 35.90 | 9.56 | 0.81% |
TVS Motor Company Ltd | 69.47 | 15.60 | 0.32% |
Ola Electric Mobility Ltd | -19.13 | 15.01 | — |
Price Comparison
Compare HEROMOTOCO with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Hero MotoCorp Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.5289% | Percentage of the fund’s portfolio invested in the stock 2.29% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 46/90 (0) |
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0025% | Percentage of the fund’s portfolio invested in the stock 1.78% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/63 (+1) |
Kotak Multicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7375% | Percentage of the fund’s portfolio invested in the stock 4.75% | Change in the portfolio weight of the stock over the last 3 months 0.80% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/71 (0) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
HEROMOTOCO has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 2.93%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹29.35 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 1, 2024
Dividend/Share
₹40.00
Ex DateEx Date
Aug 1, 2024
Cash Dividend
Ex DateEx DateFeb 21, 2024
Dividend/Share
₹25.00
Ex DateEx Date
Feb 21, 2024
Cash Dividend
Ex DateEx DateFeb 21, 2024
Dividend/Share
₹75.00
Ex DateEx Date
Feb 21, 2024
Cash Dividend
Ex DateEx DateJul 27, 2023
Dividend/Share
₹35.00
Ex DateEx Date
Jul 27, 2023
Cash Dividend
Ex DateEx DateFeb 17, 2023
Dividend/Share
₹65.00
Ex DateEx Date
Feb 17, 2023
Hero MotoCorp achieved its highest-ever retail sales during the recent 32-day festive period, starting from Navratri. With sales of over 15.98 lakh (1.6 million) units, the company registered an impressive 13% growth compared to the festive season of 2023. The robust demand for Hero MotoCorp's products was evident across both urban and rural India. The 125cc motorcycle segment, with Xtreme 125R, emerged as a key growth driver, while the 100cc segment also contributed positively to the company's strong sales performance. VIDA, Hero MotoCorp's electric vehicle brand, crossed a significant milestone by achieving 11,600 retail sales during the same period. VIDA network's ongoing expansion, leveraging Hero Premia and Hero 2.0 outlets, in conjunction with a heightened emphasis on the Top 30 towns, is yielding positive results. The upcoming portfolio expansion is set to infuse the brand with further impetus. The Harley-Davidson X440 achieved sales of over 2800 units, highlighting the brand's popularity. As the company aims to expand the Premia network to over 100 locations by the end of this fiscal year, it will enhance the reach and accessibility of this aspirational brand.Powered by Capital Market - Live
Result today: Indian Railway Catering and Tourism Corporation (IRCTC), Bata India, Exide Industries, Hatsun Agro Product, KEC and Raymond will announce their results later today Stocks to Watch: Hero Motocorp said that its total sales jumped 18.12% to 679,091 units in October 2024 as compared with 574,930 units in October 2023. Atul Auto said that its total sales grew by 24.77% to 3,818 units in October 2024 as against 3,060 units sold in October 2023. SML Isuzu has sold 801 units in October 2024, registering de-growth of 8.2% from 873 units sold in the same period last year. TVS Motor's total sales jumped 13% to 489,015 units in October 2024 as against 434,714 units sold in the month of October 2023 Zen Technologies reported Q2 net profit surged to Rs 63.4 crore during the quarter as compared with Rs 13.6 crore in Q2 FY24. Revenue soared to RS 242 crore in Q2 FY25 as compared with Rs 66.5 crore posted in corresponding quarter last year.Powered by Capital Market - Live
Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live
The growth in total sales was primarily driven by robust demand from key urban and rural areas, particularly in the 100cc and 125cc segment during the festive period. The company's motorcycles sales increased 20.11% to 6,35,787 units, while scooters sales declined 5.01% to 43,304 units in October 2024 over October 2023. During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 657,403 units (up 17.44% YoY) while exports of the same was at 21,688 units (up 43.02% YoY). The company's electric vehicle brand, VIDA, continued to have a strong growth trajectory this year and achieved its highest-ever monthly dispatches, reaching 8,750 units in October 2024. Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The company is a leading two wheeler manufacturer and has a dominant presence in domestic market. The company's consolidated net profit jumped 26.29% to Rs 1,045.89 crore on 15.4% increase in revenue from operations to Rs 10,210.79 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.59% to end at Rs 5,019.50 on Friday, 1 November 2024.Powered by Capital Market - Live
Hero MotoCorp Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4966.75, down 0.13% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 1.01% on the day, quoting at 24425.65. The Sensex is at 80317.15, up 1.15%.Hero MotoCorp Ltd has lost around 13.05% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has eased around 10.74% in last one month and is currently quoting at 23799.3, up 1.36% on the day. The volume in the stock stood at 2.58 lakh shares today, compared to the daily average of 6.88 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 4985, up 0.45% on the day. Hero MotoCorp Ltd jumped 59.68% in last one year as compared to a 27.61% rally in NIFTY and a 50.55% spurt in the Nifty Auto index.The PE of the stock is 23.32 based on TTM earnings ending June 24.Powered by Capital Market - Live
Hero MotoCorp Ltd fell for a fifth straight session today. The stock is quoting at Rs 5183.7, down 0.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.2% on the day, quoting at 24804.2. The Sensex is at 81203.95, down 0.03%.Hero MotoCorp Ltd has eased around 16.26% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has eased around 6.22% in last one month and is currently quoting at 25146.9, down 0.03% on the day. The volume in the stock stood at 5.43 lakh shares today, compared to the daily average of 7.45 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5180, down 1.09% on the day. Hero MotoCorp Ltd jumped 64.57% in last one year as compared to a 28.64% rally in NIFTY and a 54.44% spurt in the Nifty Auto index.The PE of the stock is 24.45 based on TTM earnings ending June 24.Powered by Capital Market - Live
The domestic equity benchmarks traded with significant losses in early-afternoon trade amid mixed cues from global markets and fears of full fledged war between Iran and Israel. The fall was also triggered by SEBI's new F&O rules. The Nifty traded below the 25,400 level. Financial services shares extended losses for the fourth consecutive trading session. Trading was volatile due to weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex tumbled 1,363.31 points or 1.61% to 82,913.07. The Nifty 50 index dropped 418.60 points or 1.62% to 25,378.30. In the broader market, the S&P BSE Mid-Cap index slipped 1.71% and the S&P BSE Small-Cap index declined 1.42%. The market breadth was weak. On the BSE, 1,100 shares rose and 2,764 shares fell. A total of 108 shares were unchanged. SEBI's new F&O rules: The Securities and Exchange Board of India's (SEBI) introduced a six-step plan to curtail retail participation in speculative index derivatives. This could result in a significant decline in trading volumes. New regulations require traders to maintain higher margins, potentially hindering their ability to take on larger leveraged positions. Moreover, the reduction of weekly options expiries to one per exchange could lead to decreased revenues for exchanges and brokers. This change means that each exchange will only offer weekly contracts for one benchmark index instead of the current two to four. These measures are designed to reduce excessive speculation in the futures and options (F&O) segment, where retail investors often find themselves on the losing end of trades. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, soared 11.15% to 13.33. The Nifty 31 October 2024 futures were trading at 25,569.50, at a premium of 191.20 points as compared with the spot at 25,378.30. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 63.2 lakh contracts at the 27,000 strike price. Maximum Put OI of 37.4 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Financial Services index slipped 1.70% to 24,062.30. The index fell 4.34% in the four consecutive trading sessions. Cholamandalam Investment & Finance Company (down 4.08%), Shriram Finance (down 3.84%), Power Finance Corporation (down 3.57%), REC (down 2.69%), LIC Housing Finance (down 2.67%), Axis Bank (down 2.65%), Bajaj Finserv (down 2.59%), Bajaj Finance (down 2.39%), Kotak Mahindra Bank (down 2.35%) and IDFC (down 2.27%) declined. Stocks in Spotlight : Hero MotoCorp declined 1.06%. The two-wheeler major's total motorcycle and scooter sales jumped 18.74% to 637,050 units in September 2024 as compared with sales of 536,499 units recorded in September 2023. J.Kumar Infraprojects added 0.36%. The company has received Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 1,847.72 crore. Transformers and Rectifiers (India) rallied 3.49% after the company announced that it has secured orders worth Rs 565 crore from Power Grid Corporation of India for supply of transformer and reactors.Powered by Capital Market - Live
Hero MotoCorp Ltd is down for a fifth straight session today. The stock is quoting at Rs 5707.85, down 4.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.2% on the day, quoting at 25865.55. The Sensex is at 84467.06, down 1.29%.Hero MotoCorp Ltd has added around 2.32% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has increased around 3.97% in last one month and is currently quoting at 27610.75, down 1.82% on the day. The volume in the stock stood at 8.78 lakh shares today, compared to the daily average of 7.66 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5743.8, down 4.45% on the day. Hero MotoCorp Ltd jumped 89.28% in last one year as compared to a 32.45% rally in NIFTY and a 69.52% spurt in the Nifty Auto index.The PE of the stock is 27.91 based on TTM earnings ending June 24.Powered by Capital Market - Live
Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 6109.95, up 1.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25870.8. The Sensex is at 84661.27, up 0.14%. Hero MotoCorp Ltd has added around 14.34% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has added around 2.99% in last one month and is currently quoting at 26394.55, up 1.22% on the day. The volume in the stock stood at 4 lakh shares today, compared to the daily average of 7.74 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 6111, up 1.44% on the day. Hero MotoCorp Ltd is up 105.4% in last one year as compared to a 31.49% gain in NIFTY and a 64.7% gain in the Nifty Auto index.The PE of the stock is 28.19 based on TTM earnings ending June 24.Powered by Capital Market - Live
Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5655.8, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 25136.35. The Sensex is at 82165.57, down 0.47%. Hero MotoCorp Ltd has gained around 9.1% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has gained around 4.52% in last one month and is currently quoting at 26034.65, down 0.81% on the day. The volume in the stock stood at 2.92 lakh shares today, compared to the daily average of 7.73 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5671.45, up 0.13% on the day. Hero MotoCorp Ltd is up 92.68% in last one year as compared to a 28.41% jump in NIFTY and a 61.97% jump in the Nifty Auto index.The PE of the stock is 26.48 based on TTM earnings ending June 24.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 2.17%, vs industry avg of 7.38%
Decreasing Market Share
Over the last 5 years, market share decreased from 39.73% to 29.64%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 1.69%, vs industry avg of 7.85%