Hero MotoCorp Ltd
HEROMOTOCOHero MotoCorp Ltd
HEROMOTOCOPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
19.81 | 4.60 | 3.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
37.46 | 6.66 | 0.75% |
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 peersBajaj 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 ₹
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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 | 41,026.92 | ||||||||||
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 | 34,537.43 | ||||||||||
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 | 6,489.49 | ||||||||||
Depreciation/Amortization | 443.25 | 502.25 | 574.98 | 624.44 | 845.76 | 715.12 | 689.52 | 697.39 | 757.36 | 802.07 | ||||||||||
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 | 5,687.42 | ||||||||||
Interest & Other Items | 14.61 | 27.28 | 30.80 | 37.18 | 46.64 | 46.41 | 53.10 | 104.88 | 76.37 | 67.55 | ||||||||||
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 | 5,619.87 | ||||||||||
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 | 1,481.85 | ||||||||||
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 | 4,138.02 | ||||||||||
EPS | 157.34 | 179.49 | 186.30 | 172.45 | 182.15 | 146.06 | 115.97 | 140.63 | 187.35 | 206.98 | ||||||||||
DPS | 72.00 | 85.00 | 95.00 | 87.00 | 90.00 | 105.00 | 95.00 | 100.00 | 140.00 | 140.00 | ||||||||||
Payout ratio | 0.46 | 0.47 | 0.51 | 0.50 | 0.49 | 0.72 | 0.82 | 0.71 | 0.75 | 0.68 |
Company Updates
Annual report
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PDFPeers & Comparison
Consumer DiscretionaryTwo Wheelers
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Hero MotoCorp Ltd | 21.89 | 4.60 | 3.41% |
Bajaj Auto Limited | 31.09 | 8.27 | 0.93% |
TVS Motor Company Ltd | 64.78 | 14.54 | 0.35% |
Ola Electric Mobility Ltd | -19.58 | 15.36 | — |
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) |
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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 1.5979% | Percentage of the fund’s portfolio invested in the stock 2.06% | Change in the portfolio weight of the stock over the last 3 months -0.35% | 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 47/91 (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 0.9191% | Percentage of the fund’s portfolio invested in the stock 1.49% | Change in the portfolio weight of the stock over the last 3 months -0.42% | 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 24/63 (-4) |
Kotak Multicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7803% | Percentage of the fund’s portfolio invested in the stock 3.96% | Change in the portfolio weight of the stock over the last 3 months -0.33% | 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 3/72 (-1) |
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 3.40%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹34.03 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 showcased a range of new products and technologies at the Bharat Mobility Global Expo 2025.Hero MotoCorp's pavilion at the show reinforces its commitment to establishing India as a global innovation hub, furthering the vision of an 'Aatmanirbhar Bharat' and providing world-class mobility solutions.At the forefront of the showcase was a new range of exciting vehicles, alongside new-age customer-experience solutions and technological advancements.Niranjan Gupta, Chief Executive Officer, Hero MotoCorp, said, 'At Bharat Mobility 2025, Hero MotoCorp proudly showcased a dynamic and diverse line-up that reflects our vision for the future of mobility. From premium motorcycles and scooters to cutting-edge sustainable solutions, we are redefining mobility to meet the aspirations of a Viksit Bharat and a rapidly evolving global audience. 'Today two of our premium brands, Xtreme and Xpulse, have become even stronger. We have fortified our presence in the 125cc scooter segment and also ventured into the 160cc category with a Maxi Scooter. The launch of these new models on the back of an already strong portfolio, will further boost our growth journey as we enter the next fiscal. Strengthening it's position as a global powerhouse, Hero MotoCorp remains committed to driving progress, delivering worldclass products, and contributing to a cleaner, greener, and more inclusive future for all.' Products Xtreme 250R Xpulse 210 Xoom 160 Xoom 125 Prices Rs. 1,79,900/- Rs. 1,75,800/- Rs. 1,48,500/- Rs. 86,900/- Availability Hero Premia Hero Premia Hero Premia Hero Dealerships Bookings for all four products will start from February 2025, and deliveries will commence from March 2025 onwards. Powered by Capital Market - Live
Hero MotoCorp is set to stimulate the 125cc scooter segment with the launch of the new Destini 125. The New Hero Destini 125 will be available in three variants: 'h Destini 125 VX 'V Rs.80,450 'h Destini 125 ZX 'V Rs. 89,300 'h Destini 125 ZX+ - Rs. 90,300 (Introductory Ex-Showroom price in Delhi) The New Destini 125 showcases Hero MotoCorp's dedication to innovation with 30 patent applications and industry-first features, such as an illuminated start switch and autocancel winkers, for improved rider convenience and safety. The New Destini 125 is an ideal choice for families, with segment-leading mileage of 59 kmpl, generous legroom and a spacious floorboard. The Destini 125 also boasts of the longer seat, ensuring a comfortable and ergonomic experience for the rider. Commenting on the launch, Ranjivjit Singh, Chief Business Officer - India Business Unit, Hero MotoCorp said, ''We are thrilled to introduce the new Hero Destini 125, a symbol of style, convenience, and advanced technology, designed for the modern rider. This innovative 125cc scooter redefines industry standards and solidifies Hero MotoCorp's position. With an impressive segment-leading mileage of 59 kmpl, this family-friendly scooter exemplifies company's commitment to innovation, value and an unparalleled riding experience for customers. Powered by Capital Market - Live
The company's motorcycle sales decreased 15.83% to 29,8516 units, while scooter sales tumbled 32.84% to 26,390 units in December 2024 over December 2023. During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 294,152 units (down 22.15% YoY), while exports of the same were at 30,754 units (up 90.9% YoY). The company's electric vehicle brand, VIDA, crossed a significant milestone by achieving 46,662 retail sales during the same period. 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 the domestic market. The company's consolidated net profit jumped 26.29% to Rs 1,045.89 crore on a 15.4% increase in revenue from operations to Rs 10,210.79 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live
Hero Motorcorp achieved total sales of 3,24,906 units in month of December 2024 compared to 3,93,952 units in December 2023, recording a decline of 18%. Total sales comprise of domestic sales of 2,94,152 units (down 22%) and exports of 30,754 units (up 91%). The company sold 2,98,516 motorcycle units and 26,390 scooter units, recording a decline of 16% and 33% respectively. Powered by Capital Market - Live
Securities in F&O Ban: RBL Bank and Manappuram Finance shares were banned in F&O trading on 3 January 2025. Stock to Watch: Bharti Airtel has signed an agreement for acquisition of 26% stake in AMP Energy Green Three, a special performance vehicle formed for the purpose of owning and operating the captive power plant. Hindustan Zinc has reported 2% YoY decline in mined metal production to 265 kilometers for Q3 FY25. Hero Motocorp's total sales declined 17.5% to 3.24 lakh units and the domestic sales fell 22% at 2.94 lakh units. Capital Small Finance Bank reported total deposits of Rs 8,384 crore, up 12% year-on-year in Q3 FY25. Bank of Maharashtra's total business jumped 16.87% YoY to 5,07,670 crore in December 2024. PB Fintech has incorporated a wholly owned subsidiary by the name of PB Healthcare Services. Avenue Supermarts (Dmart)'s standalone revenue from operations jumped 17.5% YoY at Rs 15,565 crore in Q3 FY25. MOIL's production of manganese ore stood at 4.6 lakh tonnes, while the sales rose 13% to 3.88 lakh tonnes in third quarter FYF25.Powered by Capital Market - Live
The Harley Davidson's turnover was $ 5.84 billion for calendar year 2023 while Hero Motocorp's turnover was Rs 37,455 crore for FY24. The company has joined hands with Harley Davidson to extend existing collaboration to expand the X440 motorcycle into new variants and to develop and manufacture a new motorcycle 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 the domestic market. The company's consolidated net profit jumped 26.29% to Rs 1,045.89 crore on a 15.4% increase in revenue from operations to Rs 10,210.79 crore in Q2 FY25 over Q2 FY24. Shares of Hero MotoCorp fell 1.16% to Rs 4,190 on the BSE.Powered by Capital Market - Live
Hero MotoCorp has launched the all-new power-packed VIDA V2 range of electric scooters. Commenting on the launch, Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, The launch of the VIDA V2, with variants across price segments, represents a significant milestone in our EV journey. We are dedicated to providing a comprehensive ecosystem to customers that ensures a delightful ownership experience with convenient charging solutions and easily accessible service points. We will continue to meet customers' needs and expectations through a range of exciting products and best-in-class service. The VIDA V2 is available in three variants 'V 'h V2 Lite at Rs 96,000 'h V2 Plus at Rs 115,000 'h V2 Pro at Rs 135,000 #Effective ex-showroom prices in Delhi less current subsidies Powered by Capital Market - Live
Hero MotoCorp Ltd fell for a fifth straight session today. The stock is quoting at Rs 4643.25, down 1.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24483.2. The Sensex is at 80947.19, up 0.13%.Hero MotoCorp Ltd has eased around 3.68% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has eased around 0.86% in last one month and is currently quoting at 23752.4, down 0.49% on the day. The volume in the stock stood at 2.92 lakh shares today, compared to the daily average of 6.65 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 4659.3, down 1.24% on the day. Hero MotoCorp Ltd jumped 21.97% in last one year as compared to a 17.4% rally in NIFTY and a 32.84% spurt in the Nifty Auto index.The PE of the stock is 21.28 based on TTM earnings ending September 24.Powered by Capital Market - Live
The company's motorcycle sales decreased 3.49% to 425,856 units, while scooter sales tumbled 31.79% to 33,949 units in November 2024 over November 2023. During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 439,777 units (down 7.67% YoY), while exports of the same were at 20,028 units (up 35.65% YoY). The company's electric vehicle brand, VIDA, crossed a significant milestone by achieving 11,600 retail sales during the same period. 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 the domestic market. The company's consolidated net profit jumped 26.29% to Rs 1,045.89 crore on a 15.4% increase in revenue from operations to Rs 10,210.79 crore in Q2 FY25 over Q2 FY24. Shares of Hero MotoCorp shed 0.18% to Rs 4,750 on the BSE. Powered by Capital Market - Live
Hero MotoCorp sold 459,805 units of motorcycles and scooters in November 2024 compared to 4,91,050 units in November 2023, recording a decline of 6.4%. Total sales include motorcycle sales of 425,856 units (lower by 3.5% YoY) and scooter sales of 33,949 units (lower by 31.8% YoY). The company is geared to strengthen its premium and scooter portfolio with the launch of new models across ICE and EV segments. It expects a positive trend in the coming months on account of favourable economic indicators and improving customer sentiments. VIDA, Hero MotoCorp's EV brand, sustained its festive momentum with good retail sales and an increase in market share. Additionally, the ongoing VIDA network expansion, through Hero Premia and Hero 2.0 outlets, continues to yield positive results. During the month, Hero MotoCorp continued to witness a positive trend in global business sales as well with a robust double-digit increase of 36%. 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. VIDA crossed a significant milestone by achieving 11,600 retail sales during the same period. The HarleyDavidson X440 achieved sales of over 2800 units, highlighting the brand's popularity. In the month of November, the company showcased its premium range of motorcycles and electric vehicles at EICMA 2024. It unveiled the much-anticipated Xpulse 210, Xtreme 250R, Karizma XMR 250 motorcycles and the VIDA Z electric scooter. These products cater to diverse riding preferences, from adventure and off-road enthusiasts to urban and ecoconscious riders. With a vision to transform mobility for Bharat and beyond, Hero MotoCorp launched the Hero For Startups (HFS) program. Hero For Startups (HFS) aims to identify and fund promising startups across the country that demonstrate the potential to transform the future of automotive industry. 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%