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56% Buy

Hero MotoCorp Share Price

HEROMOTOCO

₹5,109.85+₹20.65 (0.41%) TodayLast updated on 18 May, 2024 | 12:49 PM IST
₹5,095.00₹5,135.50
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  • Company overview

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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,00,834 Cr

Open

₹5,118.00

Close

₹5,089.20

Circuit range

₹5,343.65 - ₹4,834.75

Day range

₹5,095.00 - ₹5,135.50

Year range

₹2,667.20 - ₹5,168.60

Volume

21,635

Avg. traded

₹5,114.99

Revenue (12m)

₹37,789 Cr

Hero MotoCorp

Owned by the Munjal Brothers, Hero MotoCorp is the world's largest manufacturer of two-wheelers with an annual output capacity of 9.5 million. The company is engaged in eight manufacturing facilities globally – six in India and one each in Columbia and Bangladesh. The firm came into being after a collaboration agreement between Japan's Honda Motor Co. Ltd and Hero Cycles. It was incorporated as Hero Honda Motors Ltd in 1984. A year later the joint venture company rolled out its first motorcycle – CD 100.

Business operations

Two years after its launch, Hero Honda CD 100 clocked production of 1 lakh units. The company Hero Honda launched the Splendor in 1994, which in years to come became an iconic product.

In 1997, the company inaugurated its second manufacturing unit in Haryana's Gurgaon after its Dharuhera plant.

With the launch of CBZ in 1999 Hero Honda made entry into the 150cc segment. In 2003, it launched Hero Honda Karizma, the industry's first 223cc motorcycle.

The company inaugurated its manufacturing unit in Uttarakhand's Haridwar in 2008.

The year 2011 came with a major turning point in the Hero Honda's journey. With a new licensing agreement between Hero and Honda, the company was renamed solely as Hero. With the name change, Hero introduced a refreshed version of its Glamour, CBZ Xtreme, Karizma and Glamour Fi motorcycles. The company crossed the figure of 5 million sales in a single year.

In 2012, all Hero products migrated to the new brand name. The company inaugurated the Neemrana facility and a global parts centre in 2014. It also started commercial production at its new facilities in Gujarat and Bangladesh.

The company launched an e-commerce platform for genuine parts of its product in the Indian market. Hero made an entry into the adventure motorcycle space with the launch of XPulse.

In 2020, Hero took its shares in electric vehicle manufacturer Ather Energy to over 34 %. The same year, the company signed a distribution agreement with Harley-Davidson under which it would sell and service H-D motorcycles and sell parts and accessories and general merchandise riding gear and apparel in India.

Starting in 2021, Hero MotoCorp Ltd. became the distributor for Harley-Davidson in India. The company also launched a new brand `Vida'-Powered by Hero, an in-house electric vehicle brand.

As of December 27, 2023, Hero MotoCorp Ltd's market capitalisation stood at over ₹ 81,000 crore. Hero MotoCorp's share price has grown by over 32% in the last three years.

Financial highlights

  • Hero MotoCorp's revenue from operations grew to ₹34,158 crore in 2022-23.
  • It reported a net profit of ₹2,799.9 crore in FY 2023, a strong jump from ₹2,329.05 crore in the previous year.
  • Hero’s EBITDA (earning before interest, tax, depreciation, and amortisation) in FY 2023 was ₹ 3986 crore as compared to ₹3,369 in the previous year.
  • Net profit of the company stood at ₹2,911 crore in FY23 as against ₹2,473 crore in FY22.
  • Earnings per share stood at ₹146 in FY23 as against ₹124 in FY22.

Hero MotoCorp Key indicators

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52 week high

₹5,168.60

52 week low

₹2,667.20

P/E ratio

27.21

P/B ratio

5.52

ROE

17.95%

ROCE

23.97%

Dividend yield

2.86%

Debt/Equity ratio

EPS

145.64

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

56%

Hold

22%

Sell

22%

This analysis is based on the reviews of 36 experts in the last 7 days

Brands by Hero MotoCorp

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brand logo

HERO

brand logo

Hero Glamour

brand logo

Hero HF Deluxe

brand logo

Hero Honda Splendor

brand logo

Hero Passion

brand logo

Hero Pleasure

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

12.85%

Net profit margin

8.45%

ROE

17.95%

ROA

12.46%

ROCE

23.97%

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Hero MotoCorp Shareholder returns

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1 day

-1.01%

1 week

+4.34%

1 month

+17.73%

3 months

+3.98%

1 year

+86.90%

3 years

+78.27%

5 years

+94.06%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Hero MotoCorp Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (34.76%)

Mutual Funds (14.02%)

Retail and other (8.55%)

Foreign institutions-FII (28.92%)

Other domestic institutions (13.75%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹25/share

    Ex date 21 Feb 2024

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  • Dividend • ₹75/share

    Ex date 21 Feb 2024

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  • Dividend • ₹35/share

    Ex date 27 Jul 2023

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  • Dividend • ₹65/share

    Ex date 17 Feb 2023

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  • Dividend • ₹35/share

    Ex date 27 Jul 2022

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  • Dividend • ₹60/share

    Ex date 21 Feb 2022

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  • Dividend • ₹40/share

    Ex date

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Frequently asked questions