HEROMOTOCO

HERO MOTOCORP

Large Cap BSE: 500182 NSE: HEROMOTOCO
₹2798.8
-28.85 (-1.02%)
As on 06 December, 2022 | 23:36

Hero Motocorp Performance

Day Range

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52 Week Range

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Hero Motocorp Share Price

Hero Motocorp Share Returns

  • Over 1 Month 8.11%
  • Over 3 Month -2.36%
  • Over 6 Month 10.16%
  • Over 1 Year 15.65%

Hero Motocorp Key Statistics

P/E Ratio 21.6
PEG Ratio -2
Market Cap Cr 55,929
Price to Book Ratio 3.5
EPS 120.3
Dividend 3.4
Relative Strength Index 58.66
Money Flow Index 60.9
MACD Signal 37.39
Average True Range 53.59

Hero Motocorp Investment Rating

  • Master Rating:
  • Hero Motocorp has an operating revenue of Rs. 33,115.40 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 11% is healthy, ROE of 14% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 7% from 50DMA and 200DMA. It is currently FORMING a base in its weekly chart and is trading around 3% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 60 which is a FAIR score but needs to improve its earnings, a RS Rating of 55 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 94 indicates it belongs to a poor industry group of Auto Manufacturers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Hero MotoCorp Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 9,0758,3937,4227,8838,4535,4878,686
Operating Expenses Qtr Cr 8,0377,4526,5946,9237,3874,9727,475
Operating Profit Qtr Cr 1,0389418289601,0665151,211
Depreciation Qtr Cr 163163158164164163163
Interest Qtr Cr 3777766
Tax Qtr Cr 248199175225258119264
Net Profit Qtr Cr 716625627686794365865

Hero Motocorp Technicals

EMA & SMA

Current Price
2798.8
-28.85 (-1.02%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 2751.03
  • 50 Day
  • 2711.14
  • 100 Day
  • 2697.06
  • 200 Day
  • 2682.58
  • 20 Day
  • 2742.18
  • 50 Day
  • 2657.64
  • 100 Day
  • 2736.37
  • 200 Day
  • 2625

Hero Motocorp Resistance and Support

PIVOT
₹2815.4
Resistance
First Resistance 2845.15
Second Resistance 2862.65
Third Resistance 2892.4
RSI 58.66
MFI 60.9
MACD Single Line 37.39
MACD 46.67
Support
First Resistance 2797.9
Second Resistance 2768.15
Third Resistance 2750.65

Hero Motocorp Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 347,670 17,025,400 48.97
Week 699,634 38,717,768 55.34
1 Month 575,133 29,791,904 51.8
6 Month 629,624 28,660,486 45.52

Hero Motocorp Result Highlights

Hero MotoCorp Synopsis

NSE-Auto Manufacturers

Hero Motocorp is involved in the business activities of Manufacture of motorcycles, scooters, mopeds etc. and their engine. Company’s Total Operating Revenue is Rs. 29245.47 Cr. and Equity Capital is Rs. 39.96 Cr. for the Year ended 31/03/2022. Hero MotoCorp Ltd. is a Public Limited Listed company incorporated on 19/01/1984 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L35911DL1984PLC017354 and registration number is 017354.
Market Cap 55,928
Sales 32,773
Shares in Float 12.99
No of funds 849
Yield 3.36
Book Value 3.54
U/D Vol ratio 1.1
LTDebt / Equity
Alpha 0.04
Beta 0.92

Hero MotoCorp

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 34.77%34.78%34.75%
Mutual Funds 10.98%9.74%8.71%
Insurance Companies 1.48%1.26%1.2%
Foreign Portfolio Investors 27.79%28.84%29.22%
Financial Institutions/ Banks 0.42%0.4%0.48%
Individual Investors 8.23%8.64%9.42%
Others 16.33%16.34%16.22%

Hero MotoCorp Management

Name Designation
Dr. Pawan Munjal Chairman & CEO
Mr. Vikram S Kasbekar Executive Director
Mr. Suman Kant Munjal Non Executive Director
Mr. Pradeep Dinodia Non Executive Director
Ms. Vasudha Dinodia Non Executive Director
Mr. M Damodaran Ind. Non-Executive Director
Prof. Jagmohan Singh Raju Ind. Non-Executive Director
Ms. Tina Trikha Ind. Non-Executive Director
Mr. Air Chief Marshal B S Dhanoa Ind. Non-Executive Director
Ms. Camille Tang Ind. Non-Executive Director
Mr. Rajnish Kumar Ind. Non-Executive Director

Hero Motocorp Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Hero Motocorp Corporate Action

Date Purpose Remarks
2022-11-03 Quarterly Results
2022-08-12 Quarterly Results
2022-05-03 Audited Results & Final Dividend
2022-02-10 Quarterly Results
2021-11-12 Quarterly Results
Date Purpose Remarks
2022-02-22 INTERIM Rs.60.00 per share(3000%)Interim Dividend
2021-02-16 INTERIM Rs.65.00 per share(3250%)Interim Dividend
2021-02-16 SPECIAL Rs.5.00 per share (250%) Special Interim Dividend

Hero MotoCorp MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
UTI Nifty 50 Exchange Traded Fund 39494
Kotak Flexicap Fund Growth 37766
ICICI Prudential Bluechip Fund Growth 34823
SBI Bluechip Fund Regular Growth 34730

About Company

Company Brief

Hero MotoCorp is a multinational scooter and motorcycle manufacturer based in New Delhi. It is currently the world’s largest manufacturer of two-wheelers and boasts over 100 million customers globally through its range of products and services.

The company has six manufacturing facilities in India and offers a series of bikes across a variety of specifications and a range of auto parts and accessories. Some of its most popular models include Splendor, Passion, Maestro, Pleasure, XPulse, and Xtreme. 

 

History

Hero MotoCorp had initiated its operations back in 1984 as a joint venture of Honda Motor and Hero Cycles.

The company became famous in India in the 1980s for its low-cost, fuel-efficient vehicles. It was in 2010 that the decision to terminate the joint venture was made, according to which the Hero Group purchased a 26% stake Honda in the company.

The name was changed to Hero MotoCorp from Hero Honda Motors in 2011, and the company could now export to West Asia, Latin America, and Africa.

As of 2020, Hero MotoCorp had an annual production capacity of 9.1 million units across its eight world-class manufacturing facilities. In 2021, it became the only Indian automobile business to exceed 100 million in production. Recently, the company has also introduced a virtual showroom to let customers explore and purchase scooters and motorcycles digitally. 

Market Capitalisation and Stock Information

The equity shares of Hero MotoCorp Ltd are listed on BSE and NSE and are a part of the NIFTY 50 index. The market capitalisation of the company as of March 2022 is about INR 51,000 crore, which ranks it seventh in the sector.

The market cap has fallen from the last year which was 59,000 crore INR in 2021. Though the stock has remained a top performer for years, it has degraded in recent times, showing a 3-year return of -4.22% compared to the 33.92% return of Nifty 100.

Here are some important facts and figures about the stock:
● The market capitalisation stands at INR 58,088 crore as of 27th June 2022.
● The face value of the share is 2 INR while the book value per share is 98 INR.
● The stock has a dividend yield of 71%.
● It is a constituent of the NSE NIFTY 50.

Shareholding Pattern

As of March 2022, the promoters hold 34.75% of the equity of Hero MotoCorp while 29.22% is held by Foreign Institutions. Retail and Other investors hold 25.64% of the shares of the company while 8.71% goes to mutual funds.

The top mutual funds investing more than 1% of their AUM in the stock are – DSP Equity Opportunities Direct-Growth, Mahindra Manulife Focused Equity Yojana Direct-Growth, Tata Equity PE Fund Direct-Growth, and Parag Parikh Flexi Cap Fund Direct-Growth.

Corporate Social Responsibility Information

Hero MotoCorp has a high standard of governance in business and strives to maintain transparency and parity, ensuring long-term value creation for stakeholders.

The company has built a strong foundation to make corporate governance a part of its operations by constituting a dedicated board out of committees to manage the affairs.

Ride Safe India

This is a 360-degree initiative aimed at making the country’s roads safer to reduce fatalities drastically.

The company has been setting up Riding Schools across India and plans campaigns on air, ground, social media, and institutions to educate the masses and encourage them to make a difference.

Hamari Pari

Through this initiative, the company makes an effort to empower women by targeting girl children above the age of six from underprivileged sections of society.

The program focuses on supporting young girls and providing them with the right environment to grow and develop.

Hero MotoCorp partners with NGOs to ensure that every beneficiary completes education and lives an independent life.

Happy Earth

This initiative aims to bring a positive change in the environment to make the world a happy place to live in.

The program addresses climate change, global warming, and environmental degradation through multiple projects like tree plantation, water conservation, and solar power promotion, among others.

ENABLE

Through this program, the company has helped over 6900 specially-abled individuals belonging to underprivileged sections.

The initiative focuses on creating opportunities for people with disabilities to help them develop skills and enable them to realise their talent and potential.

Financial Information

Top Line

Looking at the financial statements of Hero MotoCorp, it can be said that the company has managed to maintain a consistent top-line despite falling sales volume owing to the global pandemic and lockdowns.

The company’s revenue was INR 30,959 crore in 2021 and 29,551 crore INR in 2022, denoting a fall from 34000 crores in 2019.

Bottom Line

Hero MotoCorp has shown consistent profits during the years 2018, 2019, and 2020. The net profit of the company was 3638 crore INR in the year ending March 2020. However, the last two years have been low in terms of performance owing to the lockdown-related fall in sales.

The net profit was reported at 2918 crore for the year 2021 and 2317 crore INR for the year ending in March 2022. The company had a bottom line of 880 crore INR in the fourth quarter of 2021. Profit is likely to decline on a YoY basis because of a drop in volumes from price hikes and other factors.

Net Worth

The company’s net worth has grown steadily over the years and has increased from 11,971 crore INR in 2018 to 15,847 crore INR in the financial year 2021-22. Hero MotoCorp’s net worth was reported to be 15,416 crore INR on 21st March.

 

Hero MotoCorp FAQs

What is Share Price of Hero MotoCorp ?

Hero MotoCorp share price is ₹2798 As on 06 December, 2022 | 23:22

What is the Market Cap of Hero MotoCorp ?

The Market Cap of Hero MotoCorp is ₹55928.5 Cr As on 06 December, 2022 | 23:22

What is the P/E ratio of Hero MotoCorp ?

The P/E ratio of Hero MotoCorp is 21.6 As on 06 December, 2022 | 23:22

What is the PB ratio of Hero MotoCorp ?

The PB ratio of Hero MotoCorp is 3.5 As on 06 December, 2022 | 23:22

Where can you buy Hero MotoCorp shares?


You can buy shares of Hero MotoCorp by creating a Demat account online and verifying yourself.
 

 

What are the main peers of Hero MotoCorp Ltd?

The top competitors of Hero MotoCorp Ltd in the industry are Bajaj Auto Ltd., Eicher Motors Ltd., TVS Motor Company Ltd., and Atul Auto Ltd. 

 

Is Hero MotoCorp Ltd. a good investment?

Hero Motocorp has an operating revenue of INR 32,558.44 Cr. on a trailing 12-month basis. Annual revenue growth of 5% is not great, Pre-tax margin of 13% is healthy. As per analysts rating in the last 6 months, the recommendation is to BUY Hero Motocorp.

What is the ROE of Hero MotoCorp?

Hero MotoCorp has an ROE of 18% which is exceptional.

Who is the CEO of Hero MotoCorp?

Pawan Kant Munjal is the Chairman and CEO of Hero MotoCorp.

What is the stock price CAGR of Hero MotoCorp?

The stock price CAGR of Hero MotoCorp for 10 Years is 2%, for 5 Years is -4%, for 3 Years is -6% and for 1 Year is -19%.

What is the market capitalization of Hero MotoCorp?

The market capitalization of Hero MotoCorp is INR 49,187.99 Cr.

Where can you buy Hero MotoCorp shares?

You can buy shares of Hero MotoCorp by creating a Demat account online and verifying yourself.
 

What are the main peers of Hero MotoCorp Ltd?

The top competitors of Hero MotoCorp Ltd in the industry are Bajaj Auto Ltd., Eicher Motors Ltd., TVS Motor Company Ltd., and Atul Auto Ltd. 
 

Q2FY23