Hero MotoCorp Ltd.

NSE: HEROMOTOCO BSE: 500182 SECTOR: Automobile Two & Three Wheelers

2889.5
-42.6 (-1.45%)
NSE: 20 Sep 04:12 PM

Price Summary

Today's High

₹ 2920

Today's Low

₹ 2873.55

52 Week High

₹ 3629.05

52 Week Low

₹ 2636

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.

Company Essentials

Market Cap

57730.53 Cr.

Enterprise Value

57473.38 Cr.

No. of Shares

19.98 Cr.

P/E

17.66

P/B

3.71

Face Value

₹ 2

Div. Yield

3.65%

Book Value (TTM)

₹  778.04

CASH

257.15 Cr.

DEBT

0 Cr.

Promoter Holding

34.76%

EPS (TTM)

₹  163.58

Sales Growth

6.81%

ROE

20.23 %

ROCE

26.74 %

Profit Growth

-18.41 %

* 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

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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.
* 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.

 Group Companies

Ratios

Sales Growth

1 Year6.81%
3 Year-1.5%
5 Year1.61%

Profit Growth

1 Year-18.41%
3 Year-7.1%
5 Year-1.27%

ROE%

1 Year20.23%
3 Year24.9%
5 Year28.83%

ROCE %

1 Year26.74%
3 Year33.85%
5 Year39.76%

Debt/Equity

0

Price to Cash Flow

13.84

Interest Cover Ratio

179.588827838828

CFO/PAT (5 Yr. Avg.)

1.08875751092965

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2021 34.76 0
Mar 2021 34.76 0
Dec 2020 34.76 0
Sep 2020 34.76 0
Jun 2020 34.77 0
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 24.8953808869721% over the past 3 years.
  • Company has been maintaining healthy ROCE of 33.8519965560242% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 179.588827838828.
  • The company has an efficient Cash Conversion Cycle of -17.810424139666 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.08875751092965.

 Limitations

  • The company has shown a poor profit growth of -7.10223729673983% for the Past 3 years.
  • The company has shown a poor revenue growth of -1.50122027155675% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Net Sales 2971.54 9367.34 9775.77 8685.97 5487.07
Total Expenditure 2863.49 8080.93 8362.14 7474.82 4972.24
Operating Profit 108.05 1286.41 1413.63 1211.15 514.83
Other Income 148.46 141.33 202.68 87.38 138.59
Interest 6.26 4.64 4.65 6.29 6.09
Depreciation 170.76 173.15 169.84 163.12 162.98
Exceptional Items 0 0 0 0 0
Profit Before Tax 79.49 1249.95 1441.82 1129.12 484.35
Tax 18.18 296.5 357.35 264.15 118.91
Profit After Tax 61.31 953.45 1084.47 864.97 365.44
Adjusted EPS (Rs) 3.07 47.73 54.29 43.29 18.29

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

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 28500.46 32230.49 33650.54 28836.09 30800.62
Total Expenditure 23865.65 26950.3 28720.45 24878.13 26781.38
Operating Profit 4634.81 5280.19 4930.09 3957.96 4019.24
Other Income 522.43 525.82 691.25 778.34 579.85
Interest 6.05 6.25 8.6 22.02 21.84
Depreciation 492.73 555.6 602.01 817.96 676.87
Exceptional Items 0 0 0 677.37 0
Profit Before Tax 4658.46 5244.16 5010.73 4573.69 3900.38
Tax 1281.34 1546.8 1625.86 940.43 936.18
Net Profit 3377.12 3697.36 3384.87 3633.26 2964.2
Adjusted EPS (Rs.) 169.11 185.15 169.46 181.89 148.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 39.94 39.94 39.95 39.95 39.96
Total Reserves 10071.35 11728.94 12817.17 14096.45 15158.47
Borrowings 0 0 0 0 0
Other N/C liabilities 1571.72 2073.55 2245.16 1710.29 1770.24
Current liabilities 4093.33 4343.32 4130.36 3976.06 6110.22
Total Liabilities 15776.34 18185.75 19232.64 19822.75 23078.89
Assets
Net Block 4395.59 4654.54 4618.58 6117.08 5988.41
Capital WIP 270.72 203.78 360.67 160.25 177.86
Intangible WIP 194.33 114.61 181.19 181.02 258.73
Investments 1349 1934.08 2801.51 3528.17 4308.18
Loans & Advances 1865.14 2183.65 2906.7 1542.62 1386.74
Other N/C Assets 248.38 246.91 248.35 5.05 6.18
Current Assets 7453.18 8848.18 8115.64 8288.56 10952.79
Total Assets 15776.34 18185.75 19232.64 19822.75 23078.89
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 3377.12 5244.16 5010.73 4573.69 3900.38
Adjustment 1438.1 70.92 -61.37 177.97 178.19
Changes in Assets & Liabilities 399.28 160.06 -1918.86 1202.74 1070.03
Tax Paid -1186.48 -1494.28 -2051.45 -544.3 -975.9
Operating Cash Flow 4028.02 3980.86 979.05 5410.1 4172.7
Investing Cash Flow -1943.94 -1915.22 1321.23 -2883.1 -2209.9
Financing Cash Flow -2095.63 -2046.66 -2293.98 -2419.77 -1941.49
Net Cash Flow -11.55 18.98 6.3 107.23 21.31

Corporate Actions

Investors Details

PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Promoters 34.77 34.76 34.76 34.76 34.76
abhimanyu munjal 0.01 0.01 0.01 0.01 0.01
aniesha munjal 0.02 0.02 0.02 0.02 0
hero investcorp private l... 0.44 0.44 0.44 0.44 0.44
pawan munjal (as karta of... 0 0 0 0 0.02
rahul munjal 0.01 0.01 0.01 0.01 0.01
renu munjal 0.06 0.06 0.06 0.06 0.06
renuka munjal 0.02 0.02 0.02 0.02 0.02
suman kant munjal 0.05 0.05 0.05 0.05 0.05
suman kant munjal (as kar... 0 0 0 0 0.01
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
abhimanyu munjal 0.01 0.01 0.01 0.01 0.01
aniesha munjal 0.02 0.02 0.02 0.02 0
hero investcorp private l... 0.44 0.44 0.44 0.44 0.44
pawan munjal (as karta of... 0 0 0 0 0.02
rahul munjal 0.01 0.01 0.01 0.01 0.01
renu munjal 0.06 0.06 0.06 0.06 0.06
suman kant munjal 0.05 0.05 0.05 0.05 0.05
suman kant munjal (as kar... 0 0 0 0 0.01
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
pawan munjal (as kar... 0.02 0 0 0 0
suman kant munjal (as k... 0.01 0.01 0.01 0.01 0
bahadur chand investments... 20.04 20.04 20.04 20.04 20.04
pawan munjal 0.02 0.02 0.02 0.02 0.02
pawan munjal (as karta o... 0 0.02 0.02 0.02 0
pawan munjal, renu munjal... 13.98 0 0 0 0
suman kant munjal (as k... 0.01 0.01 0.01 0.01 0
pawan munjal, renu munjal... 0 0 13.98 0 13.98
pawan munjal (as kar... 0.02 0 0 0 0
pawan munjal family trust... 0.08 0 0 0 0
pawan munjal family trust... 0 0.08 0.08 0.08 0
pawan munjal, renu munjal... 0 13.98 0 13.98 0
pawan munjal, renu munjal... 0 0 13.98 0 13.98
aniesha munjla 0 0 0 0 0.02
pawan munjal (as karta of... 0 0 0 0 0.02
pawan munjal family trust... 0 0 0 0 0.08
suman kant munjal (as kar... 0 0 0 0 0.01
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
Public 10.8 9.1 9.37 9.37 10.05
iepf 0.5 0.5 0.5 0.49 0.49
nps trust- a/c lic pensio... 1.29 0 0 0 0
PARTICULARS Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
FII/DII 54.43 56.14 55.87 55.87 55.2
government pension fund g... 1.48 1.65 1.64 1.34 1.4
lazard emerging markets e... 0 0 0 0 0
life insurance corporatio... 5.7 6.23 6.3 7.42 7.42
life insurance corporatio... 5.7 6.23 6.3 7.42 7.42
sbi blue chip fund 0 0 0 1.17 0
government pension fund g... 1.48 1.65 1.64 1.34 1.4
icici prudential life ins... 1.07 0 0 0 0
lazard emerging markets e... 0 0 0 0 0
wgi emerging markets fund... 2.39 2.26 2.24 2.31 2.19
sbi-etf nifty 50 1.76 1.74 1.47 0 1.56
life insurance corporatio... 1.7 2.02 2.84 2.84 2.77
beneficial holdings under... 0 0 0 0 0
kotak standard multicap f... 1.12 1.01 0 0 0
uti - nifty exchange trad... 0 0 0 0 0
hermes investment funds p... 0 0 0 0 0
qualified institutional b... 0 5.36 5.26 5.09 4.89
reliance capital trustee ... 0 0 0 0 0
sbi life insurance co. lt... 1.1 0 0 0 0
nps trust- a/c lic pensio... 0 1.3 1.36 1.32 1.3
qualified institutional b... 0 5.36 5.26 5.09 4.89
kotak flexicap fund 0 0 0 0 1.19
non-resident indian non r... 0 0 0 0 0.16
sbi-etf nifty 50 1.76 1.74 1.47 0 1.56

Company News

Hero MotoCorp working in full swing to introduce retro-styled Harley-Davidson 20 Sep 2021, 1:59PM Hero MotoCorp to increase prices of Motorcycles, Scooters17 Sep 2021, 9:22AM Hero MotoCorp informs about press release16 Sep 2021, 12:06PM Hero MotoCorp, Harley-Davidson expand touch points for customers in India 6 Sep 2021, 10:00AM Hero MotoCorp informs about loss of share certificates4 Sep 2021, 2:51PM Hero MotoCorp hands over 70 vehicles to Haryana government to support COVID relief efforts4 Sep 2021, 10:05AM Hero MotoCorp reports 22% dip in August sales2 Sep 2021, 9:26AM Hero MotoCorp informs about newspaper advertisement 31 Aug 2021, 12:43PM Hero MotoCorp, ASDC join hands 30 Aug 2021, 2:24PM Hero motoCorp revs up its premium motorcycle portfolio in Bangladesh30 Aug 2021, 9:28AM Hero MotoCorp partners with Haridwar district administration for vaccination drive27 Aug 2021, 10:42AM Hero MotoCorp informs about details of loss of share certificate 17 Aug 2021, 3:21PM Hero MotoCorp sells over 1 lakh motorcycles, scooters in single day on 10th anniversary 17 Aug 2021, 10:30AM Hero Motocorp reports 4-fold jump in Q1 consolidated net profit13 Aug 2021, 11:58AM Hero MotoCorp recognized by Guinness World Records for creating 'Largest motorcycle logo'11 Aug 2021, 9:58AM Hero MotoCorp reports 13% dip in July sales2 Aug 2021, 9:19AM Hero MotoCorp starts retail sales in key market of Mexico31 Jul 2021, 9:21AM Hero MotoCorp launches updated version of Maestro Edge 125 scooter23 Jul 2021, 9:12AM Hero MotoCorp launches ‘Xtec’ avatar of popular motorcycle ‘Glamour’20 Jul 2021, 5:17PM Hero MotoCorp informs about board meeting19 Jul 2021, 11:38AM Hero MotoCorp dispatches 4,69,160 units in June2 Jul 2021, 9:19AM Hero MotoCorp to increase prices of motorcycles and scooters 23 Jun 2021, 9:41AM Hero MotoCorp informs about newspaper advertisement22 Jun 2021, 3:31PM Hero MotoCorp launches new challenge under its Hero CoLabs platform16 Jun 2021, 2:56PM Hero MotoCorp informs about newspaper publication10 Jun 2021, 4:11PM Hero MotoCorp reinvigorates strategy for Nigeria market7 Jun 2021, 9:14AM Hero MotoCorp sells 1.83 lakh units of two-wheelers in May 2021 2 Jun 2021, 9:50AM Hero Motocorp informs about press release 22 May 2021, 12:25PM Hero MotoCorp gearing up towards gradual resumption of operations22 May 2021, 12:15PM Hero MotoCorp submits newspaper advertisement21 May 2021, 12:03PM Hero MotoCorp extends duration of warranty, free services18 May 2021, 10:15AM Hero MotoCorp inks pact with Gurugram District Administration to set-up Covid Care Centre17 May 2021, 9:32AM Hero MotoCorp to launch electric model next year17 May 2021, 9:15AM Hero MotoCorp informs about press release15 May 2021, 1:05PM Hero MotoCorp to restart operations with single shift production at three plants15 May 2021, 10:17AM Hero MotoCorp extends shutdown of plants across India till May 1610 May 2021, 9:02AM Hero MotoCorp informs about outcome of board meeting7 May 2021, 12:38PM Hero MotoCorp reports 46% rise in Q4 consolidated net profit7 May 2021, 9:35AM Hero MotoCorp informs about loss of share certificate6 May 2021, 2:35PM Hero MotoCorp informs about cessation of independent director5 May 2021, 10:52AM Hero MotoCorp sells 3.72 lakh units of motorcycles & scooters in April 20213 May 2021, 9:01AM Hero MotoCorp informs about press release29 Apr 2021, 3:28PM Hero MotoCorp launches virtual showroom feature29 Apr 2021, 2:55PM Hero MotoCorp partners with Ramakrishna Mission for Covid-19 relief initiatives29 Apr 2021, 12:06PM Hero MotoCorp, Harley-Davidson unveil H-D 2021 Model Year Pricing28 Apr 2021, 3:14PM Hero Motocorp informs about non-applicability of large corporate entity23 Apr 2021, 11:15AM Hero MotoCorp enters into strategic partnership with Gogoro Inc22 Apr 2021, 9:40AM Hero MotoCorp to suspend operations at all plants as COVID cases surge21 Apr 2021, 8:27AM Hero MotoCorp signs MoU with Municipal Corporation of Gurugram20 Apr 2021, 11:33AM Hero MotoCorp informs about press release20 Apr 2021, 10:29AM

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 6.81274749801377 % and in the latest quarter sales was Rs 5487.07 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 24.0487054561354 times for Hero MotoCorp . It is managing its inventory efficiently .
     
  • The company reported Profit loss of -18.4148670890605 % over the year, where the latest year profit is Rs 2964.2 Cr compared to the previous year of Rs 3633.26 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 514.83 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Hero MotoCorp has a healthy ROE of 20.2332054053962 %. 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 105 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 3.6347 %.
     
  • The share of promoter in the company is low at 34.76 %, 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 17.6636215589712 compared to the 5 year average PE of 16.3413284703072 .
Brief about Hero MotoCorp

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