Hero MotoCorp

Hero MotoCorp Ltd.

NSE: HEROMOTOCO BSE: 500182 SECTOR: Automobile Two & Three Wheelers  219k   2k   357

2765.50
-11.40 (-0.41%)
NSE: Today, 10:34 AM

Price Summary

Today's High

₹ 2784.85

Today's Low

₹ 2762

52 Week High

₹ 2938.6

52 Week Low

₹ 2246

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
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.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 55266.21 Cr.

Enterprise Value

₹ 55091.09 Cr.

No. of Shares

19.98 Cr.

P/E

18.99

P/B

3.31

Face Value

₹ 2

Div. Yield

3.6 %

Book Value (TTM)

₹  835.92

CASH

₹ 175.12 Cr.

DEBT

₹ 0 Cr.

Promoter Holding

34.77 %

EPS (TTM)

₹  145.64

Sales Growth

-5.05%

ROE

15.99 %

ROCE

21.15%

Profit Growth

-16.57 %

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* 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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Brands

These are the brands of Hero MotoCorp Ltd.

Vida splendor GLAMOUR HF Deluxe Achiever 150 XTREME KARIZMA PASSION PRO DESTINI 125 Duet MAESTRO Pleasure XPULSE Hunk DASH

Index Presence

The company is present in 42 Indices.

NIFTYEQWGT

NIFTY50 Equal Weight
21581.5
  44.7999999999993 (0.208017012819983%)

NIFTY100WEIGHT

Nifty100 Equal Weight
21264.65
  29.5 (0.138920610403037%)

NIFTY

Nifty 50
18652.2
  53.5499999999993 (0.287924123525096%)

NIFTY100

Nifty 100
18537.65
  47.4000000000015 (0.256351320290427%)

NIFTY500

Nifty 500
15817.85
  45.5 (0.288479522709051%)

NIFTY200QLTY30

NIFTY200 Quality 30
15274.3
  31.3999999999996 (0.205997546398651%)

NIFTYAUTO

Nifty Auto
14268.8
  49.1999999999989 (0.346001293988563%)

NT100LOW30

Nifty100 Low Volatility 30
13952.3
  27.1499999999996 (0.194970969792063%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
10520.9
  37.6499999999996 (0.35914434931914%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
10385.65
  32.1499999999996 (0.310523011541997%)

NIFTY200

Nifty 200
9767
  26.8500000000004 (0.275663105804336%)

NV20

Nifty50 Value 20
9669.7
  52.6000000000004 (0.546942425471308%)

NI15

NI15
9325.45
  34.25 (0.368628379541924%)

NIFTYTOTALMCAP

Nifty Total Market index
8819.8
  25.8999999999996 (0.294522339348857%)

NIFTYMFG

Nifty Manufacturing
8701.65
  23.8999999999996 (0.275417014779178%)

NIFTYCONSUMP

Nifty India Consumption
7944.4
  19.6999999999998 (0.248589851981773%)

NSEQ30

NIFTY100 Quality 30
4178.15
  11.0999999999995 (0.266375493454585%)

NIFTYDIVOPPT

Nifty Dividend Opportunities 50
4126.1
  23.3500000000004 (0.56913046127598%)

NIFTY100ESG

NIFTY100 ESG
3493.15
  3.25 (0.0931258775323185%)

NFTALQLV30

NIFTY Alpha Quality Value Low-Volatility 30
12380
  42.8899999999994 (0.347650300597135%)

NFTALQVL30

NIFTY Alpha Quality Low-Volatility 30
15021.64
  56.5399999999991 (0.377812376796682%)

NFTQTLO30

NIFTY Quality Low-Volatility 30
12980.97
  25.0699999999997 (0.193502574116811%)

NIFTY500VAL50

NIFTY500 Value 50
7400.28
  40.3299999999999 (0.547965679114659%)

NIFTYMOBILITY

Nifty Mobility Index
11806.37
  59.4400000000005 (0.506004547571148%)

NIFTYLOWVOL

Nifty Low Volatility 50
16754.61
  70.1599999999999 (0.420511314427507%)

NIFTYTRANSLOG

Nifty Transportation & Logistics index
13385.15
  86.8999999999996 (0.653469441467869%)

AUTO

S&P Bse Auto
32870.91
  97.8800000000047 (0.298660209324564%)

BSE500

S&P Bse 500
25122
  41.1800000000003 (0.164189209124732%)

SNSX50

S&P Bse Sensex50
19580.36
  31.3500000000022 (0.160366177110771%)

BSE100

S&P Bse 100
18994.29
  25.260000000002 (0.133164426436161%)

BSE200

S&P Bse 200
7997.08
  11.6999999999998 (0.146517761208598%)

LMI250

S&P Bse 250 LargeMidCap
7556.51
  11.9099999999999 (0.157861251756231%)

ALLCAP

S&P Bse Allcap
7230.89
  12.4100000000008 (0.171919850162361%)

LRGCAP

S&P Bse LargeCap
7074.41
  8.22000000000025 (0.116328601410376%)

BSE100LARGECAPTMC

S&P Bse 100 LargeCap TMC
6735.41
  7.73999999999978 (0.115047260046941%)

CARBONEX

S&P Bse Carbonex
3090.03
  4.10000000000036 (0.132861082396563%)

SPBSLVIP

S&P Bse Low Volatility
1276.58
  2.26999999999998 (0.178135618491582%)

MFG

S&P Bse Manufacturing
736.55
  2.04999999999995 (0.279101429543904%)

S&PDIVSTABLE

S&P Bse Dividend Stability
654.91
  2.33999999999992 (0.358582221064396%)

ESG100

S&P Bse 100 ESG Index
308.4
  0.359999999999957 (0.116867939228649%)

CDGS

S&P Bse Consumer Discretionary
6094.89
  33.8100000000004 (0.557821378368217%)

S&P LARGEMIDCAP

S&P Bse Large MidCap
7503.33
  37.1999999999998 (0.498250097440045%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-5.05%
3 Year-4.57%
5 Year0.52%

Profit Growth

1 Year-16.57%
3 Year-9.93%
5 Year-6.04%

ROE%

1 Year15.99%
3 Year21.05%
5 Year24.9%

ROCE %

1 Year21.15%
3 Year27.31%
5 Year34.14%

Debt/Equity

0

Price to Cash Flow

27.36

Interest Cover Ratio

126.974031007752

CFO/PAT (5 Yr. Avg.)

1.02539945309487

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 34.77 0
Dec 2022 34.77 0
Sep 2022 34.77 0
Jun 2022 34.78 0
Mar 2022 34.75 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 21.0549005401499% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.3130893729841% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 126.974031007752.
  • The company has an efficient Cash Conversion Cycle of -38.0971360394868 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.02539945309487.

 Limitations

  • The company has shown a poor profit growth of -9.93379200146388% for the Past 3 years.
  • The company has shown a poor revenue growth of -4.56913600290898% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 7421.73 8392.54 9075.35 8030.98 8306.78
Total Expenditure 6594.16 7451.76 8037.04 7106.84 7223.78
Operating Profit 827.57 940.78 1038.31 924.14 1083
Other Income 139.76 52.99 92.05 183.2 236.92
Interest 6.66 6.98 3.31 4.9 4.68
Depreciation 158.46 162.99 163.39 162 168.58
Exceptional Items 0 0 0 0 0
Profit Before Tax 802.21 823.8 963.66 940.44 1146.66
Tax 175.16 199.28 247.59 229.38 287.73
Profit After Tax 627.05 624.52 716.07 711.06 858.93
Adjusted EPS (Rs) 31.38 31.26 35.84 35.58 42.98

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 32230.49 33650.54 28836.09 30800.62 29245.47
Total Expenditure 27027.89 28846.8 25059.42 26878.35 25978.84
Operating Profit 5202.6 4803.74 3776.67 3922.27 3266.63
Other Income 525.82 691.25 778.34 579.85 556.91
Interest 6.25 8.6 22.02 21.84 25.8
Depreciation 478.01 475.66 636.67 579.9 547.61
Exceptional Items 0 0 677.37 0 0
Profit Before Tax 5244.16 5010.73 4573.69 3900.38 3250.13
Tax 1546.8 1625.86 940.43 936.18 777.11
Net Profit 3697.36 3384.87 3633.26 2964.2 2473.02
Adjusted EPS (Rs.) 185.15 169.46 181.89 148.36 123.77

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 39.94 39.95 39.95 39.96 39.96
Total Reserves 11728.94 12817.17 14096.45 15158.47 15742.96
Borrowings 0 0 0 0 0
Other N/C liabilities 2073.55 2245.16 1710.29 1770.24 1654.8
Current liabilities 4343.32 4130.36 3976.06 6110.22 5072.38
Total Liabilities 18185.75 19232.64 19822.75 23078.89 22510.1
Assets
Net Block 4654.54 4618.58 6117.08 5988.41 5806.48
Capital WIP 203.78 360.67 160.25 177.86 87.32
Intangible WIP 114.61 181.19 181.02 258.73 370.88
Investments 1934.08 2801.51 3528.17 4308.18 4814.66
Loans & Advances 2183.65 2906.7 1542.62 1386.74 1305.91
Other N/C Assets 246.91 248.35 5.05 6.18 9.89
Current Assets 8848.18 8115.64 8288.56 10952.79 10114.96
Total Assets 18185.75 19232.64 19822.75 23078.89 22510.1
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 5244.16 5010.73 4573.69 3900.38 3250.13
Adjustment 70.92 -61.37 177.97 178.19 221.44
Changes in Assets & Liabilities 160.06 -1918.86 1202.74 1070.03 -682.49
Tax Paid -1494.28 -2051.45 -544.3 -975.9 -768.81
Operating Cash Flow 3980.86 979.05 5410.1 4172.7 2020.27
Investing Cash Flow -1915.22 1321.23 -2883.1 -2209.9 -151.94
Financing Cash Flow -2046.66 -2293.98 -2419.77 -1941.49 -1938.87
Net Cash Flow 18.98 6.3 107.23 21.31 -70.54

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 34.75 34.78 34.77 34.77 34.77
bahadur chand inve... - 20.00 20.00 20.00 20.00
bahadur chand inve... 20.00 - - - -
pawan munjal, renu... - 13.98 - 13.98 13.98
pawan munjal, renu... - - 13.98 - -
pawan munjal, renu... 13.98 - - - -
pawan munjal, renu... - - - - -
hero investcorp pr... 0.44 0.44 0.44 0.44 0.44
renu munjal 0.06 0.06 0.06 0.06 0.06
suman kant munjal 0.04 0.04 0.04 0.04 0.04
renuka munjal - 0.02 0.02 0.02 0.02
pawan munjal - 0.02 0.02 0.02 0.02
pawan munjal ... 0.02 - - 0.02 0.02
sunil kant munjal 0.02 0.02 0.02 0.02 0.02
vasudha dinodia 0.02 0.02 0.02 0.02 0.02
aniesha munjal 0.02 0.02 0.02 0.02 0.02
pawan munjal (as k... - - 0.02 - -
pawan munjal (as ... - 0.02 - - -
renuka munjal 0.02 - - - -
pawan kant munjal 0.02 - - - -
rahul munjal 0.01 0.01 0.01 0.01 0.01
abhimanyu munjal 0.01 0.01 0.01 0.01 0.01
suman kant munjal ... - - 0.01 - -
suman kant munjal ... 0.01 0.01 - 0.01 0.01
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 65.25 65.22 65.23 65.23 65.23
life insurance cor... 5.24 5.54 5.54 5.54 5.54
qualified institut... - - - - 1.35
oppenheimer intern... 1.99 - - - -
sbi equity hybrid ... - 2.99 2.97 3.12 -
life insurance cor... - 1.45 1.45 1.45 1.46
sbi-etf nifty 50 2.48 - - - 2.59
wgi emerging marke... 1.42 1.62 1.83 2.33 2.55
government pension... 1.39 1.51 1.43 1.43 1.41
sbi magnum equity ... - - - - -
sbi - etf sensex - - - - -
lazard emerging ma... 1.49 1.31 1.30 1.14 1.03
sbi blue chip fund - - - - -
nps trust- a/c lic... - - - 1.10 1.24
icici prudential l... 1.33 1.20 - - -
qualified institu... - - 1.41 - -
reliance capital t... - - - - 1.28
life insurance cor... 1.21 - - - -
lic of india money... - - - - -
lic of india healt... - - - - -
kotak standard mul... - - - 1.01 -
templeton growth f... - - - - -
uti - nifty exchan... - - - 1.09 1.02
aberdeen emerging ... - - - - -
stichting deposita... - - - - -
kotak mahindra 50 ... - - - - -
hermes investment ... - - - - 1.04
uti - marketshare ... - - 1.04 - -
uti-mastershare un... - 1.03 - - -
reliance capital t... - - 1.02 - -
hermes investment ... - - - 1.01 -
nps trust - a/c li... - - 1.01 - -
iepf 0.50 0.50 0.50 0.51 0.50
beneficial holding... - - 0.01 0.01 0.01

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Hero Motocorp informs about loss of share certificate18 May 2023, 2:45PM Hero MotoCorp launches OBD-II & E20 compliant adventure motorcycle 16 May 2023, 6:18PM Hero MotoCorp gearing up for highest ever model introductions in FY2415 May 2023, 12:00PM Hero MotoCorp’s Vida brand sets new Guinness World Records Title10 May 2023, 3:51PM Hero MotoCorp informs about newspaper advertisement9 May 2023, 11:31AM Hero Motocorp reports 31% rise in Q4 consolidated net profit4 May 2023, 6:11PM Hero MotoCorp - Quaterly Results4 May 2023, 4:47PM Hero MotoCorp - Quaterly Results4 May 2023, 4:47PM Hero MotoCorp - Quaterly Results4 May 2023, 4:47PM Hero MotoCorp’s Vida brand plans to increase presence in 100 cities3 May 2023, 6:22PM Hero MotoCorp informs about press release3 May 2023, 5:14PM Hero MotoCorp reports 5% fall in total wholesales in April2 May 2023, 4:28PM Hero Motocorp informs about board meeting 19 Apr 2023, 1:51PM Hero MotoCorp’s VIDA inks pact with LSG to become official electric-mobility partner10 Apr 2023, 4:10PM Hero MotoCorp reports 15% rise in total sales in March 20233 Apr 2023, 10:09AM Hero Motocorp to revise prices of select motorcycles, scooters 22 Mar 2023, 5:44PM Hero MotoCorp launches Super Splendor XTEC6 Mar 2023, 4:06PM Hero MotoCorp informs about press release6 Mar 2023, 9:44AM Hero MotoCorp, Zero Motorcycles sign agreements to collaborate on premium Electric Motorcycles6 Mar 2023, 9:22AM Hero MotoCorp reports 10% rise in total sales in February2 Mar 2023, 10:45AM Hero MotoCorp’s Vida brand sets up charging infrastructure in three cities22 Feb 2023, 5:25PM Hero MotoCorp informs about press release 22 Feb 2023, 5:14PM Hero MotoCorp informs about loss of shares certificate 22 Feb 2023, 10:28AM Hero MotoCorp planning to expand electric two-wheeler range over next 18-24 months20 Feb 2023, 3:56PM Hero Motocorp informs about newspaper publication9 Feb 2023, 4:52PM Hero MotoCorp reports marginal rise in Q3 consolidated net profit8 Feb 2023, 11:43AM Hero MotoCorp - Quaterly Results7 Feb 2023, 5:47PM Hero MotoCorp - Quaterly Results7 Feb 2023, 5:47PM Hero MotoCorp - Quaterly Results7 Feb 2023, 5:47PM Hero MotoCorp reports 6% fall in January sales2 Feb 2023, 9:53AM Hero MotoCorp looking to cash in on rising demand for scooters31 Jan 2023, 11:28AM Hero MotoCorp informs about press release30 Jan 2023, 5:22PM Hero MotoCorp launches new 110cc scooter ‘Xoom’30 Jan 2023, 3:52PM Hero MotoCorp’s VIDA commences customer deliveries of VIDA V1 scooter in Delhi25 Jan 2023, 4:38PM Hero MotoCorp’s Vida brand commences customer deliveries of ‘VIDA V1 scooter’ in Jaipur23 Jan 2023, 9:30AM Hero MotoCorp informs about board meeting 19 Jan 2023, 4:02PM Hero Motocorp informs about newspaper publication3 Jan 2023, 2:34PM Hero MotoCorp reports marginal decline in total sales in December 20222 Jan 2023, 4:30PM Hero MotoCorp’s Vida brand commences customer deliveries of ‘VIDA V1 scooter’30 Dec 2022, 5:18PM Hero Motocorp informs about trading window closure21 Dec 2022, 4:19PM Hero Motocorp informs about press release13 Dec 2022, 2:26PM Hero Motocorp informs about newspaper publication8 Dec 2022, 4:23PM Hero MotoCorp reports 12% growth in November sales 2 Dec 2022, 12:27PM Hero MotoCorp to make upward revision in ex-showroom prices of motorcycles, scooters26 Nov 2022, 2:24PM Hero MotoCorp-backed Ather Energy inaugurates second plant in Hosur24 Nov 2022, 11:20AM Hero Motocorp informs about details of loss of certificate 23 Nov 2022, 4:51PM Hero MotoCorp-backed Ather Energy planning to set up 150 fast-charging grids in Tamil Nadu21 Nov 2022, 12:57PM Hero MotoCorp’ Vida brand opens first Experience Center in Bengaluru14 Nov 2022, 4:33PM Hero Motocorp informs about analyst meet5 Nov 2022, 11:46AM Hero MotoCorp reports 9% fall in Q2 consolidated net profit4 Nov 2022, 11:17AM

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 -5.04908667422929 % and in the latest quarter sales was Rs 8306.78 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 22.9503279067973 times for Hero MotoCorp . It is managing its inventory efficiently .
     
  • The company reported Profit loss of -16.570406855138 % over the year, where the latest year profit is Rs 2473.02 Cr compared to the previous year of Rs 2964.2 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 1083 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Hero MotoCorp has a average ROE of 15.987013969292 %. 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 95 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 3.6019 %.
     
  • The share of promoter in the company is low at 34.77 %, 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 19.0663143013492 compared to the 5 year average PE of 16.2398514077736 .
Brief about Hero MotoCorp

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