Hero MotoCorp Ltd.

NSE: HEROMOTOCO  SECTOR: Automobile Two & Three Wheelers

2902.55
+9.35 (0.32%)

Price Summary

Today's High

₹ 2927.35

Today's Low

₹ 2890.05

52 Week High

₹ 3393.85

52 Week Low

₹ 1475

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

57983.54764055 Cr.

Enterprise Value

57741.68764055 Cr.

No. of Shares

19.976761 Cr.

P/E

23.05

P/B

3.96

Face Value

₹ 2

Div. Yield

3.11%

Book Value (TTM)

₹  732.9578

CASH

241.86 Cr.

DEBT

0 Cr.

Promoter Holding

34.63%

EPS (TTM)

₹  125.9403

Sales Growth

-14.3071998250251%

ROE

26.9444822457616 %

ROCE

34.0504684087144 %

Profit Growth

12.599697115663 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-14.31%
3 Year0.39%
5 Year0.89%

Profit Growth (in Cr.)

1 Year7.34%
3 Year2.47%
5 Year8.78%

ROE%

1 Year26.94%
3 Year29.42%
5 Year33.01%

ROCE %

1 Year34.05%
3 Year40.94%
5 Year45.96%

Debt/Equity

0

Price to Cash Flow

10.72

Interest Cover Ratio

208.706176203451

CFO/PAT (5 Yr. Avg.)

1.05314299653551

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2020 34.63 0
Dec 2019 34.63 0
Sep 2019 34.63 0
Jun 2019 34.63 0
Mar 2019 34.63 0
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 29.4219422319198% over the past 3 years.
  • Company has been maintaining healthy ROCE of 40.9357836290962% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 208.706176203451.
  • The company has an efficient Cash Conversion Cycle of -5.6901675545637 days.
  • Company has a healthy liquidity position with current ratio of 2.08461642932954.
  • The company has a good cash flow management; CFO/PAT stands at 1.05314299653551.

 Limitations

  • The company has shown a poor profit growth of 2.46683649717863% for the Past 3 years.
  • The company has shown a poor revenue growth of 0.391012471545849% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 7570.7 6996.73 6238.39 2971.54 9367.34
Total Expenditure 6469.58 5957.76 5578.51 2863.49 8080.93
Operating Profit 1101.12 1038.97 659.88 108.05 1286.41
Other Income 207.83 182.21 169.47 148.46 141.33
Interest 7.67 5.92 4.06 6.26 4.64
Depreciation 203.43 203.73 174.7 170.76 173.15
Exceptional Items -60.11 0 0 0 0
Profit Before Tax 1037.74 1011.53 650.59 79.49 1249.95
Tax 162.94 131.12 29.88 18.18 296.5
Profit After Tax 874.8 880.41 620.71 61.31 953.45
Adjusted EPS (Rs) 4.38 4.41 3.11 0.31 4.77

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 28442.7 28500.46 32230.49 33650.54 28836.09
Total Expenditure 23987.73 23865.65 26950.3 28720.45 24878.13
Operating Profit 4454.97 4634.81 5280.19 4930.09 3957.96
Other Income 422.43 522.43 525.82 691.25 778.34
Interest 4.89 6.05 6.25 8.6 22.02
Depreciation 437.64 492.73 555.6 602.01 817.96
Exceptional Items 0 0 0 0 677.37
Profit Before Tax 4434.87 4658.46 5244.16 5010.73 4573.69
Tax 1274.68 1281.34 1546.8 1625.86 940.43
Net Profit 3160.19 3377.12 3697.36 3384.87 3633.26
Adjusted EPS (Rs.) 158.25 169.11 185.15 169.46 181.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 39.94 39.94 39.94 39.95 39.95
Total Reserves 8794.47 10071.35 11728.94 12817.17 14096.45
Borrowings 0 0 0 0 0
Other N/C liabilities 1251.01 1571.72 2073.55 2245.16 1710.29
Current liabilities 3448.32 4093.33 4343.32 4130.36 3976.06
Total Liabilities 13533.74 15776.34 18185.75 19232.64 19822.75
Assets
Net Block 3584.35 4395.59 4654.54 4618.58 6117.08
Capital WIP 288.34 270.72 203.78 360.67 160.25
Investments 1111.91 1349 1934.08 2801.51 3528.17
Loans & Advances 1828.56 1865.14 2183.65 2906.7 1542.62
Other N/C Assets 569.36 442.71 361.52 429.54 186.07
Current Assets 6151.22 7453.18 8848.18 8115.64 8288.56
Total Assets 13533.74 15776.34 18185.75 19232.64 19822.75
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 3160.19 3377.12 5244.16 5010.73 4573.69
Adjustment 1414.94 1438.1 70.92 -61.37 177.97
Working Capital Changes 377.24 399.28 160.06 -1918.86 1202.74
Tax Paid -1103.23 -1186.48 -1494.28 -2051.45 -544.3
Operating Cash Flow 3849.14 4028.02 3980.86 979.05 5410.1
Investing Cash Flow -2206.19 -1943.94 -1915.22 1321.23 -2883.1
Financing Cash Flow -1686.69 -2095.63 -2046.66 -2293.98 -2419.77
Net Cash Flow -43.74 -11.55 18.98 6.3 107.23

Corporate Actions

Company Presentations

Company News

Hero MotoCorp Stock Price Analysis and Quick Research Report. Is Hero MotoCorp an attractive stock to invest in?

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Hero MotoCorp is performing and if it is the right time to buy the stock of Hero MotoCorp with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Hero MotoCorp has reported poor sales growth of -14.3071998250251 % and in the latest quarter sales was Rs 9367.34 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 26.6465435190404 times for Hero MotoCorp . It is managing its inventory efficiently .
     
  • The company reported Profit growth of 7.33824341850648 % over the year, where the latest year profit is Rs 3633.26 Cr compared to the previous year of Rs 3384.87 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 1427.74 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Hero MotoCorp has a healthy ROE of 26.9444822457616 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Hero MotoCorp has a low Debt to Equity ratio of 0.
     
  • Hero MotoCorp pays a dividend of 90 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 3.1107 %.
     
  • The share of promoter in the company is low at 34.63 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Hero MotoCorp is 23.047031013901 compared to the 5 year average PE of 16.1314622596215 .
Brief about Hero MotoCorp

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