Hero MotoCorp

₹4284 24.4 | 0.6%

WEBSITE BSE:500182 NSE : HEROMOTOCO 26 Dec, 16:01

Market Cap ₹85679 Cr.

Stock P/E 22.9

P/B 4.5

Current Price ₹4284

Book Value ₹ 950.5

Face Value 2

52W High ₹6245

Dividend Yield 3.27%

52W Low ₹ 3930.3

Edit Ratio

Hero MotoCorp Research see more...

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Overview Inc. Year: 1984Industry: Automobile Two & Three Wheelers

Hero MotoCorp Limited is engaged in development, manufacturing, advertising, sale and distribution of two-wheelers and its components and accessories. Its product category consists of motorcycles, scooters, and parts. Its motorcycle products comprises XTREME 200S, XTREME 160R BS6, XPULSE 200T, XPULSE 200 4V, XPULSE 200 BS6, GLAMOUR BS6, NEW GLAMOUR and GLAMOUR XTEC,SUPER SPLENDOR BS6, SPLENDOR ISMART BS6, SPLENDOR+ BS6, PASSION PRO BS6, NEW SUPER SPLENDOR. Its scooter merchandise comprises PLEASURE+ XTEC, NEW MAESTRO EDGE 125 BS6, NEW MAESTRO EDGE 110 and DESTINI 125 BS6. Its add-ons comprises bungee nets, engine guards, fender, grip covers, helmets, knee pads, products, rim tapes, seat covers, aspect grabs, step women, and tank pads. It also offers HERO GENUINE 4T PLUS MOTORCYCLE ENGINE OIL and HERO GENUINE 4T PLUS SCOOTOER ENGINE OIL. It has 8 production facilities, including six in India (Dharuhera, Chittoor, Gurugram, Haridwar, Neemrana, Gujarat) and one each in Colombia and Bangladesh.

Hero MotoCorp Share Price

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Peer Comparison

Hero MotoCorp Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	8448	9158	8118	8434	8851	9533	9788	9617	10211	10483
Other Income	56	94	182	238	226	208	244	177	225	239
Total Income	8503	9252	8300	8672	9077	9741	10031	9794	10436	10722
Total Expenditure	7506	8072	7177	7310	7639	8174	8403	8223	8750	8947
Operating Profit	997	1180	1124	1362	1437	1568	1628	1571	1686	1775
Interest	14	48	24	19	21	25	23	8	19	18
Depreciation	173	173	172	180	180	187	194	197	205	206
Exceptional Income / Expenses	0	0	0	0	-160	0	0	0	0	0
Profit Before Tax	810	960	928	1163	1076	1356	1412	1367	1462	1550
Provision for Tax	203	254	289	317	281	353	365	349	375	398
Profit After Tax	607	706	638	846	795	1003	1047	1018	1086	1153
Adjustments	-16	-18	88	-40	-85	4	47	-83	-40	-89
Profit After Adjustments	590	688	726	805	710	1006	1093	935	1046	1064
Adjusted Earnings Per Share	29.5	34.5	36.3	40.3	35.5	50.4	54.7	46.8	52.3	53.2

Hero MotoCorp Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	25275	27538	28457	28610	32458	33971	29254	30959	29551	34158	37789	40099
Other Income	444	492	413	522	523	687	731	558	555	569	867	885
Total Income	25720	28030	28870	29132	32982	34658	29985	31517	30106	34727	38655	40983
Total Expenditure	21746	24056	24059	24034	27133	29079	25374	26957	26209	30189	32610	34323
Operating Profit	3973	3974	4811	5098	5848	5579	4610	4560	3898	4538	6046	6660
Interest	12	12	15	27	31	37	47	46	53	105	76	68
Depreciation	1098	526	443	502	575	498	664	618	587	573	599	802
Exceptional Income / Expenses	0	-145	0	0	0	0	677	0	0	0	-160	0
Profit Before Tax	2864	3292	4387	4885	5292	5104	4611	3849	3058	3864	5090	5791
Provision for Tax	758	943	1275	1339	1570	1638	952	913	729	1064	1348	1487
Profit After Tax	2106	2349	3112	3546	3722	3466	3659	2936	2329	2800	3742	4304
Adjustments	-3	16	30	38	-2	-22	-21	-18	-12	10	3	-165
Profit After Adjustments	2103	2365	3142	3584	3720	3444	3638	2918	2317	2810	3745	4138
Adjusted Earnings Per Share	105.3	118.4	157.3	179.5	186.3	172.4	182.1	146	116	140.6	187.3	207

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	11%	7%	2%	4%
Operating Profit CAGR	33%	10%	2%	4%
PAT CAGR	34%	8%	2%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	5%	21%	12%	3%
ROE Average	22%	18%	20%	29%
ROCE Average	30%	24%	26%	39%

Hero MotoCorp Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	5623	6540	8834	10316	11971	13120	14406	15416	15847	16656	17699
Minority's Interest	1	19	55	67	93	116	141	143	148	125	136
Borrowings	0	12	146	208	150	125	44	45	36	20	0
Other Non-Current Liabilities	-32	24	1250	1627	2152	2333	1903	1911	1766	2082	2549
Total Current Liabilities	4424	3986	3572	4177	4481	4409	4279	6505	5518	6013	7048
Total Liabilities	10016	10581	13857	16394	18848	20104	20773	24020	23315	24896	27431
Fixed Assets	2247	2952	3784	4599	4961	4952	6473	6380	6194	6159	6232
Other Non-Current Assets	2210	2249	3770	4225	4885	6738	5651	6270	6549	9301	10884
Total Current Assets	5558	5380	6303	7571	9002	8413	8649	11370	10572	9435	10315
Total Assets	10016	10581	13857	16394	18848	20104	20773	24020	23315	24896	27431

Hero MotoCorp Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	135	69	127	75	74	131	208	305	275	181	226
Cash Flow from Operating Activities	2963	2186	3722	4007	4017	1032	5518	4110	2104	2614	4923
Cash Flow from Investing Activities	-1618	31	-2300	-1972	-1858	1298	-2819	-2289	-222	-421	-1828
Cash Flow from Financing Activities	-1414	-2131	-1475	-2036	-2102	-2252	-2602	-1852	-1975	-2147	-2717
Net Cash Inflow / Outflow	-69	86	-53	-1	57	78	97	-31	-94	45	379
Closing Cash & Cash Equivalent	69	155	75	74	131	208	305	275	181	226	605

Hero MotoCorp Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	105.29	118.41	157.34	179.48	186.3	172.42	182.13	146.03	115.96	140.6	187.34
CEPS(Rs)	160.41	143.92	178.04	202.73	215.18	198.47	216.46	177.89	145.97	168.77	217.17
DPS(Rs)	65	60	72	85	95	87	90	105	95	100	140
Book NAV/Share(Rs)	281.55	327.46	442.3	516.36	599.13	656.36	720.44	770.64	791.9	831.62	883.11
Core EBITDA Margin(%)	13	11.9	14.32	14.77	16.09	14.4	13.58	12.73	11.11	11.4	13.48
EBIT Margin(%)	10.59	11.29	14.33	15.86	16.08	15.13	16.3	12.39	10.34	11.4	13.45
Pre Tax Margin(%)	10.55	11.25	14.28	15.77	15.99	15.02	16.14	12.24	10.17	11.1	13.25
PAT Margin (%)	7.75	8.03	10.13	11.45	11.24	10.2	12.81	9.34	7.74	8.04	9.74
Cash Profit Margin (%)	11.8	9.82	11.58	13.07	12.98	11.67	15.13	11.3	9.7	9.69	11.3
ROA(%)	21.03	22.81	25.47	23.45	21.12	17.8	17.9	13.11	9.84	11.62	14.3
ROE(%)	37.45	38.62	40.49	37.05	33.42	27.65	26.61	19.71	14.92	17.26	21.84
ROCE(%)	48.69	52.66	56.05	50.02	46.74	40.12	33.21	25.65	19.47	23.93	29.5
Receivable days	12.37	14.3	15.77	16.69	16.42	22.41	27.19	21.98	26.9	25.57	25.41
Inventory Days	9	9.55	9.65	8.66	9.21	11.88	16.17	17.83	19.79	16.93	16.68
Payable days	45.87	46.32	50.92	56.75	55.38	53.06	60.47	70.47	83.9	69.44	74.42
PER(x)	21.59	22.32	18.71	17.96	19.03	14.82	8.75	19.96	19.81	16.69	25.18
Price/Book(x)	8.07	8.07	6.65	6.24	5.92	3.89	2.21	3.78	2.9	2.82	5.34
Dividend Yield(%)	2.86	2.27	2.45	2.64	2.68	3.4	5.65	3.6	4.14	4.26	2.97
EV/Net Sales(x)	1.8	1.91	2.07	2.25	2.18	1.5	1.08	1.88	1.55	1.37	2.49
EV/Core EBITDA(x)	11.46	13.25	12.23	12.64	12.11	9.15	6.86	12.76	11.79	10.31	15.54
Net Sales Growth(%)	0	8.95	3.34	0.54	13.45	4.66	-13.89	5.83	-4.55	15.59	10.63
EBIT Growth(%)	0	14.87	33.23	11.61	8.35	-3.41	-9.41	-16.36	-20.14	27.55	30.19
PAT Growth(%)	0	11.52	32.52	13.95	4.96	-6.87	5.57	-19.77	-20.67	20.22	33.65
EPS Growth(%)	0	12.46	32.87	14.08	3.8	-7.45	5.63	-19.82	-20.59	21.25	33.24
Debt/Equity(x)	0.05	0.02	0.03	0.03	0.02	0.02	0.01	0.02	0.02	0.02	0.02
Current Ratio(x)	1.26	1.35	1.76	1.81	2.01	1.91	2.02	1.75	1.92	1.57	1.46
Quick Ratio(x)	1.11	1.13	1.55	1.64	1.79	1.62	1.72	1.47	1.65	1.28	1.21
Interest Cover(x)	243.31	282.36	301.27	180.08	172.82	138.29	99.87	83.94	58.59	37.84	67.65
Total Debt/Mcap(x)	0.01	0	0	0	0	0.01	0.01	0.01	0.01	0.01	0

Hero MotoCorp Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	34.78	34.77	34.77	34.77	34.77	34.77	34.76	34.76	34.76	34.75
FII	28.84	27.78	27.47	26.99	28.09	26.79	28.33	28.92	29.86	29.58
DII	25.58	26.9	27.31	27.88	27.29	29.15	28.11	27.77	26.89	26.95
Public	10.81	10.54	10.45	10.36	9.85	9.3	8.8	8.55	8.49	8.72
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	6.95	6.95	6.95	6.95	6.95	6.95	6.95	6.95	6.95	6.95
FII	5.76	5.55	5.49	5.39	5.61	5.35	5.66	5.78	5.97	5.92
DII	5.11	5.38	5.46	5.57	5.45	5.83	5.62	5.55	5.38	5.39
Public	2.16	2.11	2.09	2.07	1.97	1.86	1.76	1.71	1.7	1.74
Others	0	0	0	0	0	0	0	0	0	0
Total	19.98	19.98	19.98	19.98	19.98	19.99	19.99	19.99	19.99	20

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 34.75%.
Debtor days have increased from 69.44 to 74.42days.
Stock is trading at 4.5 times its book value.
The company has delivered a poor profit growth of 1% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Hero MotoCorp News

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Hero MotoCorp

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Hero MotoCorp Research see more...

Overview Inc. Year: 1984Industry: Automobile Two & Three Wheelers

Hero MotoCorp Share Price

Alert Data

Quarterly Price

Peer Comparison

Hero MotoCorp Quarterly Results

Hero MotoCorp Profit & Loss

Growth Rates

Hero MotoCorp Balance Sheet

Hero MotoCorp Cash Flow

Hero MotoCorp Ratios

Hero MotoCorp Shareholding Pattern

Hero MotoCorp News

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