Hero MotoCorp Ltd

Hero Motocorp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hero MotoCorp Ltd

₹ 4,262 4.80%
15 May 12:15 p.m.
heromotocorp.com BSE: 500182 NSE: HEROMOTOCO
About

Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers.
The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles.
In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp. [1] [2]

Key Points

Products & Brands
Premium Segment : Karizma XMR, H-D X440, MAVRICK 440. It has 7 models in 2024. It has Sports, Adventure, Roadster bikes.[1]. The Premium segment contributed ~25% to the revenue mix Q3FY24.[2]

Website BSE NSE
  • Market Cap ₹ 85,245 Cr.
  • Current Price ₹ 4,262
  • High / Low ₹ 6,246 / 3,323
  • Stock P/E 18.5
  • Book Value ₹ 990
  • Dividend Yield 2.74 %
  • ROCE 32.3 %
  • ROE 24.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 70.3%

Cons

  • The company has delivered a poor sales growth of 7.16% 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.

Peer comparison

Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
7,422 8,393 9,075 8,031 8,307 8,767 9,445 9,724 9,519 10,144 10,463 10,211 9,939
6,594 7,452 8,037 7,107 7,224 7,561 8,117 8,362 8,160 8,684 8,947 8,734 8,523
Operating Profit 828 941 1,038 924 1,083 1,206 1,328 1,362 1,359 1,460 1,516 1,476 1,416
OPM % 11% 11% 11% 12% 13% 14% 14% 14% 14% 14% 14% 14% 14%
140 53 92 183 237 62 248 242 180 232 283 318 224
Interest 7 7 3 5 5 5 5 5 5 5 5 5 5
Depreciation 158 163 163 162 169 169 175 183 185 193 194 197 192
Profit before tax 802 824 964 940 1,147 1,095 1,397 1,417 1,350 1,493 1,600 1,592 1,442
Tax % 22% 24% 26% 24% 25% 25% 25% 24% 25% 25% 25% 24% 25%
627 625 716 711 859 825 1,054 1,073 1,016 1,123 1,204 1,203 1,081
EPS in Rs 31.38 31.25 35.84 35.58 42.98 41.27 52.73 53.70 50.82 56.15 60.18 60.14 54.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
25,275 27,585 28,443 28,500 32,230 33,651 28,836 30,801 29,245 33,806 37,456 40,756
21,721 24,020 23,962 23,857 26,941 28,714 24,869 26,777 25,866 29,815 32,194 34,889
Operating Profit 3,554 3,565 4,481 4,644 5,289 4,937 3,967 4,024 3,379 3,991 5,261 5,868
OPM % 14% 13% 16% 16% 16% 15% 14% 13% 12% 12% 14% 14%
432 315 396 513 517 685 1,447 575 547 560 727 1,056
Interest 12 11 5 6 6 9 22 22 26 20 18 20
Depreciation 1,107 540 438 493 556 602 818 677 650 657 711 776
Profit before tax 2,867 3,329 4,435 4,658 5,244 5,011 4,574 3,900 3,250 3,875 5,258 6,128
Tax % 26% 28% 29% 28% 30% 32% 21% 24% 24% 25% 25% 25%
2,109 2,386 3,160 3,377 3,697 3,385 3,633 2,964 2,473 2,911 3,968 4,610
EPS in Rs 105.62 119.47 158.25 169.11 185.14 169.47 181.90 148.37 123.77 145.65 198.48 230.49
Dividend Payout % 62% 50% 46% 50% 51% 51% 49% 71% 77% 69% 71% 72%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 12%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: 9%
3 Years: 24%
TTM: 15%
Stock Price CAGR
10 Years: 5%
5 Years: 13%
3 Years: 18%
1 Year: -20%
Return on Equity
10 Years: 24%
5 Years: 20%
3 Years: 22%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 40 40 40 40 40 40 40 40 40 40 40 40
Reserves 5,560 6,501 8,794 10,071 11,729 12,817 14,096 15,158 15,743 16,665 17,946 19,767
284 0 0 0 0 0 150 150 168 156 138 163
4,213 3,980 3,738 4,583 4,970 4,784 4,463 6,813 5,763 6,402 7,448 7,950
Total Liabilities 10,097 10,522 12,573 14,694 16,739 17,641 18,749 22,161 21,714 23,263 25,572 27,920
2,243 2,913 3,584 4,396 4,655 4,619 6,117 5,988 5,806 5,761 5,834 6,287
CWIP 854 713 605 465 318 542 341 437 458 464 481 107
Investments 4,089 3,154 4,581 5,890 7,525 5,969 8,223 10,500 10,652 11,010 13,086 14,910
2,911 3,742 3,802 3,944 4,241 6,512 4,068 5,236 4,797 6,028 6,171 6,617
Total Assets 10,097 10,522 12,573 14,694 16,739 17,641 18,749 22,161 21,714 23,263 25,572 27,920

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,963 2,250 3,849 4,028 3,981 979 5,410 4,173 2,020 2,579 4,907 4,182
-1,617 12 -2,206 -1,944 -1,915 1,321 -2,883 -2,210 -152 -469 -1,802 -1,586
-1,415 -2,231 -1,687 -2,096 -2,047 -2,294 -2,420 -1,941 -1,939 -2,041 -2,733 -2,847
Net Cash Flow -69 32 -44 -12 19 6 107 21 -71 70 372 -251

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 13 18 16 20 17 31 20 29 29 30 26 33
Inventory Days 13 15 13 13 14 17 20 25 20 22 21 20
Days Payable 46 50 50 62 55 53 56 87 75 72 79 75
Cash Conversion Cycle -19 -16 -21 -30 -24 -5 -16 -34 -26 -20 -32 -22
Working Capital Days -33 -14 -12 -17 -14 7 -8 -19 -12 -6 -16 51
ROCE % 45% 51% 55% 48% 46% 40% 28% 25% 20% 23% 30% 32%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
34.78% 34.78% 34.78% 34.78% 34.78% 34.76% 34.76% 34.76% 34.76% 34.75% 34.75% 34.74%
28.84% 27.79% 27.48% 27.01% 28.10% 26.80% 28.34% 28.93% 29.87% 29.59% 27.95% 27.43%
25.58% 26.89% 27.30% 27.86% 27.28% 29.14% 28.09% 27.76% 26.87% 26.94% 27.70% 27.89%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01%
10.81% 10.55% 10.45% 10.36% 9.85% 9.30% 8.80% 8.55% 8.49% 8.72% 9.58% 9.91%
No. of Shareholders 3,68,7213,49,5223,27,7733,33,0543,13,1043,01,4982,80,5472,92,8283,00,1467,61,2598,74,6589,47,407

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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